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Accounts Receivable (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Purchases and Sales of Accounts Receivable
The following tables summarize the impact of the sale of certain receivables:
As of September 30, 2024As of December 31, 2023
Derecognized receivables transferred at fair value$1,766 $1,516 
Less: Cash proceeds received
— 300 
DPP$1,766 $1,216 

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Loss on sale of receivables(a)
$11 $12 $43 $58 
__________
(a)Reflected in Operating and maintenance expense in the Consolidated Statements of Operations and Comprehensive Income. This represents the amount by which the accounts receivable sold into the Facility are discounted, limited to credit losses.

Nine Months Ended September 30,
20242023
Proceeds from new transfers(a)
$1,688 $3,632 
Cash collections received on DPP(b)
7,404 5,158 
Cash collections reinvested in the Facility$9,092 $8,790 
__________
(a)Customer accounts receivable sold into the Facility were $9,370 million and $8,920 million for the nine months ended September 30, 2024 and 2023, respectively.
(b)Does not include the $300 million and $1,100 million net cash payments to the Purchasers for the nine months ended September 30, 2024 and 2023, respectively.