Sales of Certain Receivables (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Variable Interest Entities - EIP

The following table summarizes the carrying amounts and classification of assets, which consist primarily of the deferred purchase price, included on our Condensed Consolidated Balance Sheets with respect to the EIP BRE:


(in millions)	September 30, 2024		December 31, 2023
Other current assets	$	347	$	348
Other assets	99		103

Schedule of Variable Interest Entities

The following table summarizes the carrying amounts and classification of assets, which consist primarily of the deferred purchase price, and liabilities included on our Condensed Consolidated Balance Sheets with respect to the Service BRE:


(in millions)	September 30, 2024		December 31, 2023
Other current assets	$	182	$	209

Other current liabilities	421		373

The following table summarizes the carrying amounts and classification of assets and liabilities included in our Condensed Consolidated Balance Sheets with respect to the ABS Entities:


(in millions)	September 30, 2024		December 31, 2023

Assets
Equipment installment plan receivables, net	$	1,218	$	739
Equipment installment plan receivables due after one year, net	279		168
Other current assets	148		101
Liabilities
Accounts payable and accrued liabilities	$	2	$	1
Short-term debt	707		198
Long-term debt	540		550

Schedule of Factoring Arrangement

The following table summarizes the impact of the sale of certain service accounts receivable and EIP receivables on our Condensed Consolidated Balance Sheets:


(in millions)	September 30, 2024		December 31, 2023
Derecognized net service accounts receivable and EIP receivables	$	2,284	$	2,388
Other current assets	529		557
of which, deferred purchase price	527		555
Other long-term assets	99		103
of which, deferred purchase price	99		103

Other current liabilities	421		373

Net cash proceeds since inception	1,495		1,583
Of which:
Change in net cash proceeds during the year-to-date period	(88)		(114)
Net cash proceeds funded by reinvested collections	1,583		1,697

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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