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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue from Contracts with Customer
Disaggregated Revenues
The following tables represent the Company’s disaggregation of revenue from contracts with customers for the three months ended March 31, 2023 and 2022:
Three months ended March 31, 2023
(In millions)
TexasEastWest/Services/Other
Vivint(a)
Corporate/EliminationsTotal
Retail revenue:
Home(b)
$1,236 $651 $625 $148 $— $2,660 
Business722 3,365 616 — — 4,703 
Total retail revenue(c)
1,958 4,016 1,241 148 — 7,363 
Energy revenue(c)
4 74 48 — 2 128 
Capacity revenue(c)
— 41 1 — — 42 
Mark-to-market for economic hedging activities(d)
— 35 67 — (11)91 
Contract amortization— (11)— — — (11)
Other revenue(c)
72 21 17 — (1)109 
Total revenue2,034 4,176 1,374 148 (10)7,722 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— (1)9 — — 8 
Less: Realized and unrealized ASC 815 revenue
(2)113 97 — (9)199 
Total revenue from contracts with customers$2,036 $4,064 $1,268 $148 $(1)$7,515 
(a) Vivint includes results of operations following the acquisition date of March 10, 2023
(b) Home includes Services and Vivint
(c) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/Services/OtherVivintCorporate/EliminationsTotal
Retail revenue$— $27 $— $— $— $27 
Energy revenue— 47 17 — 2 66 
Capacity revenue— 6 — — — 6 
Other revenue(2)(2)13 — — 9 
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Three months ended March 31, 2022
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue:
Home(a)
$1,283 $579 $703 $— $2,565 
Business663 3,942 400 — 5,005 
Total retail revenue1,946 4,521 1,103 — 7,570 
Energy revenue(b)
15 204 54 5 278 
Capacity revenue(b)
— 115 1 — 116 
Mark-to-market for economic hedging activities(c)
(2)(130)(18)17 (133)
Contract amortization— (9)— — (9)
Other revenue(b)
61 14 4 (5)74 
Total revenue2,020 4,715 1,144 17 7,896 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— (9)11 — 2 
Less: Realized and unrealized ASC 815 revenue
(7)(66)(42)20 (95)
Total revenue from contracts with customers$2,027 $4,790 $1,175 $(3)$7,989 
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$— $45 $(20)$4 $29 
Capacity revenue— 13 — — 13 
Other revenue(5)6 (4)(1)(4)
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Contract Asset and Liabilities
The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of March 31, 2023 and December 31, 2022:
(In millions)
March 31, 2023December 31, 2022
Deferred customer acquisition costs$188 $126 
Accounts receivable, net - Contracts with customers3,416 4,704 
Accounts receivable, net - Accounted for under topics other than ASC 60687 64 
Accounts receivable, net - Affiliate16 5 
Total accounts receivable, net $3,519 $4,773 
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)$1,290 $1,952 
Deferred revenues(a)
1,536 186 
(a) Deferred revenues from contracts with customers for the three months ended March 31, 2023 and the year ended December 31, 2022 were approximately $1.5 billion and $175 million, respectively. The increase in deferred revenues is primarily due to acquisition of Vivint