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Device Payment Plan and Wireless Service Receivables (Tables) | 3 Months Ended
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Mar. 31, 2024
Receivables [Abstract] |
Schedule of Receivables, Net | The following table presents information about accounts receivable, net of allowances, recorded in our condensed consolidated balance sheet:
| At March 31, 2024
(dollars in millions) | Device payment plan agreement |  | Wireless service |  | Other receivables(1) |  | Total
Accounts receivable | $ | 14,289 |  |  | $ | 5,678 |  |  | $ | 6,413 |  |  | $ | 26,380 |
Less Allowance for credit losses | 593 |  |  | 218 |  |  | 250 |  |  | 1,061 |
Accounts receivable, net of allowance | $ | 13,696 |  |  | $ | 5,460 |  |  | $ | 6,163 |  |  | $ | 25,319 |
(1) Other receivables primarily include wireline and other receivables, of which the allowances are individually insignificant. The following table displays both the current and non-current portions of device payment plan agreement receivables, net, recognized in our condensed consolidated balance sheets:
| At March 31, |  | At December 31,
(dollars in millions) | 2024 |  | 2023
Device payment plan agreement receivables, gross | $ | 29,296 |  |  | $ | 29,206 |
Unamortized imputed interest | (799) |  |  | (758) |
Device payment plan agreement receivables, at amortized cost | 28,497 |  |  | 28,448 |
Allowance(1) | (1,194) |  |  | (1,151) |
Device payment plan agreement receivables, net | $ | 27,303 |  |  | $ | 27,297 |
Classified in our condensed consolidated balance sheets: |  |  |
Accounts receivable, net | $ | 13,696 |  |  | $ | 13,173 |
Other assets | 13,607 |  |  | 14,124 |
Device payment plan agreement receivables, net | $ | 27,303 |  |  | $ | 27,297 |
(1) Includes allowance for both short-term and long-term device payment plan agreement receivables.
Financing Receivable Credit Quality Indicators | The following table presents device payment plan agreement receivables, at amortized cost, and gross write-offs recorded, as of and for the three months ended March 31, 2024, by credit quality indicator and year of origination:
| Year of Origination(1) |  |
(dollars in millions) | 2024 |  | 2023 |  | 2022 and prior |  |  |  | Total
Device payment plan agreement receivables, at amortized cost |  |  |  |  |  |  |  |  |
New customers | $ | 934 |  |  | $ | 2,745 |  |  | $ | 1,095 |  |  |  |  | $ | 4,774 |
Existing customers | 3,496 |  |  | 12,620 |  |  | 7,607 |  |  |  |  | 23,723 |
Total | $ | 4,430 |  |  | $ | 15,365 |  |  | $ | 8,702 |  |  |  |  | $ | 28,497 |
Gross write-offs |  |  |  |  |  |  |  |  |
New customers | $ | 10 |  |  | $ | 190 |  |  | $ | 43 |  |  |  |  | $ | 243 |
Existing customers | — |  |  | 44 |  |  | 55 |  |  |  |  | 99 |
Total | $ | 10 |  |  | $ | 234 |  |  | $ | 98 |  |  |  |  | $ | 342 |
(1) Includes accounts that have been suspended at a point in time. The data presented in the table above was last updated on March 31, 2024. We assess indicators for the quality of our wireless service receivables portfolio as one overall pool. The following table presents wireless service receivables, at amortized cost, and gross write-offs recorded, as of and for the three months ended March 31, 2024, by year of origination:
| Year of Origination |  |
(dollars in millions) | 2024 |  | 2023 and prior |  |  |  | Total
Wireless service receivables, at amortized cost | $ | 5,434 |  |  | $ | 244 |  |  |  |  | $ | 5,678 |
Gross write-offs | 13 |  |  | 124 |  |  |  |  | 137 |
The data presented in the table above was last updated on March 31, 2024.
Activity in Allowance for Credit Losses for Device Payment Plan Agreement Receivables | Activity in the allowance for credit losses by portfolio segment of receivables was as follows:
(dollars in millions) | Device Payment Plan Agreement Receivables(1) |  | Wireless Service Plan Receivables
Balance at January 1, 2024 | $ | 1,151 |  |  | $ | 213 |
Current period provision for expected credit losses | 374 |  |  | 131 |
Write-offs charged against the allowance | (342) |  |  | (137) |
Recoveries collected | 11 |  |  | 11 |
Balance at March 31, 2024 | $ | 1,194 |  |  | $ | 218 |
(1) Includes allowance for both short-term and long-term device payment plan agreement receivables.
Balance and Aging of Device Payment Plan Agreement Receivables on Gross Basis | The balance and aging of the device payment plan agreement receivables, at amortized cost, were as follows:
| At March 31, |  |
(dollars in millions) | 2024 |  |
Unbilled | $ | 27,199 |  |  |
Billed: |  |  |
Current | 1,014 |  |  |
Past due | 284 |  |  |
Device payment plan agreement receivables, at amortized cost | $ | 28,497 |  |  |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
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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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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