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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
|  | Three months ended September 30, 2023
(In millions) |  | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home |  | Corporate |  | Eliminations |  | Total
Revenue |  | $ | 3,686 |  |  | $ | 2,809 |  |  | $ | 978 |  |  | $ | 478 |  |  | $ | — |  |  | $ | (5) |  |  | $ | 7,946 |
Depreciation and amortization |  | 71 |  |  | 27 |  |  | 23 |  |  | 178 |  |  | 9 |  |  | — |  |  | 308 |
Equity in earnings of unconsolidated affiliates |  | — |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Income/(loss) before income taxes |  | 463 |  |  | 314 |  |  | (205) |  |  | (24) |  |  | (140) |  |  | — |  |  | 408 |
Net income/(loss) |  | $ | 463 |  |  | $ | 316 |  |  | $ | (168) |  |  | $ | (4) |  |  | $ | (264) |  |  | $ | — |  |  | $ | 343 |
|  | Three months ended September 30, 2022
(In millions) |  | Texas |  | East |  | West/Services/Other |  | Corporate |  | Eliminations |  | Total
Revenue |  | $ | 3,145 |  |  | $ | 4,178 |  |  | $ | 1,175 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 8,510 |
Depreciation and amortization |  | 79 |  |  | 37 |  |  | 22 |  |  | 7 |  |  | — |  |  | 145 |
Impairment losses |  | — |  |  | 43 |  |  | — |  |  | — |  |  | — |  |  | 43 |
Gain on sale of assets |  | 22 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22 |
Equity in (losses)/earnings of unconsolidated affiliates |  | (1) |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | 11 |
(Loss)/income before income taxes |  | (481) |  |  | 557 |  |  | 110 |  |  | (103) |  |  | — |  |  | 83 |
Net (loss)/income |  | $ | (481) |  |  | $ | 557 |  |  | $ | 92 |  |  | $ | (101) |  |  | $ | — |  |  | $ | 67 |
|  | Nine months ended September 30, 2023
(In millions) |  | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home(a) |  | Corporate |  | Eliminations |  | Total
Revenue |  | $ | 8,235 |  |  | $ | 9,488 |  |  | $ | 3,244 |  |  | $ | 1,070 |  |  | $ | — |  |  | $ | (21) |  |  | $ | 22,016 |
Depreciation and amortization |  | 219 |  |  | 87 |  |  | 70 |  |  | 410 |  |  | 27 |  |  | — |  |  | 813 |
Gain on sale of assets |  | — |  |  | 202 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 202 |
Equity in earnings of unconsolidated affiliates |  | — |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Income/(loss) before income taxes |  | 1,532 |  |  | (1,188) |  |  | (684) |  |  | (86) |  |  | (440) |  |  | — |  |  | (866) |
Net income/(loss) |  | $ | 1,532 |  |  | $ | (1,187) |  |  | $ | (601) |  |  | $ | (66) |  |  | $ | (362) |  |  | $ | — |  |  | $ | (684) |
(a)Includes results of operations following the acquisition date of March 10, 2023
|  | Nine months ended September 30, 2022
(In millions) |  | Texas |  | East |  | West/Services/Other |  | Corporate |  | Eliminations |  | Total
Revenue |  | $ | 7,857 |  |  | $ | 12,407 |  |  | $ | 3,395 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 23,688 |
Depreciation and amortization |  | 233 |  |  | 164 |  |  | 65 |  |  | 23 |  |  | — |  |  | 485 |
Impairment losses |  | — |  |  | 198 |  |  | — |  |  | — |  |  | — |  |  | 198 |
Gain/(loss) on sale of assets |  | 10 |  |  | — |  |  | 43 |  |  | (2) |  |  | — |  |  | 51 |
Equity in (losses)/earnings of unconsolidated affiliates |  | (2) |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |
Income/(loss) before income taxes |  | 1,052 |  |  | 2,082 |  |  | 274 |  |  | (353) |  |  | — |  |  | 3,055 |
Net income/(loss) |  | $ | 1,052 |  |  | $ | 2,083 |  |  | $ | 246 |  |  | $ | (1,065) |  |  | $ | — |  |  | $ | 2,316 |

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