v3.20.4

Sales Of Receivables (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Schedule of Finance Receivables

Our equipment installment and revolving receivables programs are discussed in detail below. The following table sets forth a summary of the receivables and accounts being serviced at December 31:

			2020												2019
			Equipment Installment						Revolving						Equipment Installment						Revolving
Gross receivables:			$	5,565					$	3,909					$	4,576					$	3,324
Balance sheet classification
Accounts receivable
Notes receivable			2,716						—						2,467						—
Trade receivables			554						3,715						477						2,809
Other Assets
Noncurrent notes and trade receivables			2,295						194						1,632						515
Outstanding portfolio of receivables derecognized from our consolidated balance sheets			7,827						5,300						9,713						4,300
Cash proceeds received, net of remittances1			5,646						5,300						7,211						4,300

1Represents amounts to which financial institutions remain entitled, excluding the deferred purchase price.

The following table sets forth a summary of equipment installment receivables sold under this program:

			2020						2019						2018
Gross receivables sold			$	7,270					$	9,921					$	9,391
Net receivables sold1			7,026						9,483						8,871
Cash proceeds received			6,089						8,189						7,488
Deferred purchase price recorded			1,021						1,451						1,578
Guarantee obligation recorded			157						341						361

1Receivables net of allowance, imputed interest and equipment trade-in right guarantees.

The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated deferred purchase price:

			2020						2019						2018
Fair value of repurchased receivables			$	1,271					$	1,418					$	1,480
Carrying value of deferred purchase price			1,235						1,350						1,393
Gain on repurchases1			$	36					$	68					$	87

1These gains are included in “Selling, general and administrative” in the consolidated statements of income.

Schedule of Receivables Sold

The following table sets forth a summary of receivables sold:

			2020						2019						2018
Gross receivables sold/cash proceeds received1			$	15,888					$	11,989					$	—
Collections reinvested under revolving agreement			14,888						7,689						—
Net cash proceeds received (remitted)			$	1,000					$	4,300					$	—
Net receivables sold2			$	15,760					$	11,604					$	—
Obligations recorded (reversed)			271						530						—

1Includes initial sale of receivables of $1,000 and $4,300 for 2020 and 2019, respectively.

2Receivables net of allowance, return and incentive reserves and imputed interest.

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- References

No definition available.

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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- Definition

Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=118948506&loc=SL51823488-111719

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