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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting |
| For the Year Ended December 31, 2023
(In millions) | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home(a) |  | Corporate(b) |  | Eliminations |  | Total
Revenue(b) | $ | 10,476 |  |  | $ | 12,547 |  |  | $ | 4,281 |  |  | $ | 1,549 |  |  | $ | — |  |  | $ | (30) |  |  | $ | 28,823 |
Operating expenses | 8,407 |  |  | 14,412 |  |  | 5,025 |  |  | 917 |  |  | 133 |  |  | (30) |  |  | 28,864 |
Depreciation and amortization | 294 |  |  | 116 |  |  | 95 |  |  | 586 |  |  | 36 |  |  | — |  |  | 1,127 |
Impairment losses | 2 |  |  | 4 |  |  | 20 |  |  | — |  |  | — |  |  | — |  |  | 26 |
Total operating cost and expenses | 8,703 |  |  | 14,532 |  |  | 5,140 |  |  | 1,503 |  |  | 169 |  |  | (30) |  |  | 30,017 |
Gain on sale of assets | 1,319 |  |  | 259 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,578 |
Operating income/(loss) | 3,092 |  |  | (1,726) |  |  | (859) |  |  | 46 |  |  | (169) |  |  | — |  |  | 384 |
Equity in earnings of unconsolidated affiliates | — |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Impairment losses on investments | — |  |  | — |  |  | (102) |  |  | — |  |  | — |  |  | — |  |  | (102) |
Other income, net | 2 |  |  | 11 |  |  | 6 |  |  | (12) |  |  | 56 |  |  | (16) |  |  | 47 |
Gain on debt extinguishment | — |  |  | — |  |  | — |  |  | — |  |  | 109 |  |  | — |  |  | 109 |
Interest expense | (3) |  |  | (3) |  |  | (31) |  |  | (177) |  |  | (469) |  |  | 16 |  |  | (667) |
Income/(loss) before income taxes | 3,091 |  |  | (1,718) |  |  | (970) |  |  | (143) |  |  | (473) |  |  | — |  |  | (213) |
Income tax (benefit)/expense(c) | — |  |  | — |  |  | (111) |  |  | (32) |  |  | 132 |  |  | — |  |  | (11) |
Net income/(loss) | $ | 3,091 |  |  | $ | (1,718) |  |  | $ | (859) |  |  | $ | (111) |  |  | $ | (605) |  |  | $ | — |  |  | $ | (202) |
Balance sheet |  |  |  |  |  |  |  |  |  |  |  |  |
Equity investments in affiliates | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |
Capital expenditures | 495 |  |  | 5 |  |  | 27 |  |  | 18 |  |  | 53 |  |  | — |  |  | 598 |
Goodwill | 643 |  |  | 721 |  |  | 221 |  |  | 3,494 |  |  | — |  |  | — |  |  | 5,079 |
Total assets | $ | 8,236 |  |  | $ | 13,712 |  |  | $ | 3,626 |  |  | $ | 7,043 |  |  | $ | 19,919 |  |  | $ | (26,498) |  |  | $ | 26,038 |
(a) Includes results of operations following the acquisition date of March 10, 2023
(b) Inter-segment sales and inter-segment net derivative gains and losses included in revenues | $ | 5 |  |  | $ | 9 |  |  | $ | 16 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |
(c) Consolidated domestic federal and state income taxes are recorded to the Corporate segment, except for Vivint Smart Home which is recorded directly to the Vivint Smart Home segment. West/Services/Other amounts represent foreign income taxes
| For the Year Ended December 31, 2022
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate(a) |  | Eliminations |  | Total
Revenue(a) | $ | 10,057 |  |  | $ | 16,763 |  |  | $ | 4,706 |  |  | $ | — |  |  | $ | 17 |  |  | $ | 31,543 |
Operating expenses | 8,495 |  |  | 16,031 |  |  | 4,108 |  |  | 86 |  |  | 17 |  |  | 28,737 |
Depreciation and amortization | 310 |  |  | 208 |  |  | 85 |  |  | 31 |  |  | — |  |  | 634 |
Impairment losses | — |  |  | 206 |  |  | — |  |  | — |  |  | — |  |  | 206 |
Total operating cost and expenses | 8,805 |  |  | 16,445 |  |  | 4,193 |  |  | 117 |  |  | 17 |  |  | 29,577 |
Gain/(loss) on sale of assets | 10 |  |  | — |  |  | 45 |  |  | (3) |  |  | — |  |  | 52 |
Operating income/(loss) | 1,262 |  |  | 318 |  |  | 558 |  |  | (120) |  |  | — |  |  | 2,018 |
Equity in (losses)/earnings of unconsolidated affiliates | (2) |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 6 |
Other income, net | 5 |  |  | 10 |  |  | 3 |  |  | 54 |  |  | (16) |  |  | 56 |
Interest expense | — |  |  | (1) |  |  | (32) |  |  | (400) |  |  | 16 |  |  | (417) |
Income/(loss) before income taxes | 1,265 |  |  | 327 |  |  | 537 |  |  | (466) |  |  | — |  |  | 1,663 |
Income tax expense(b) | — |  |  | 1 |  |  | 57 |  |  | 384 |  |  | — |  |  | 442 |
Net income/(loss) | $ | 1,265 |  |  | $ | 326 |  |  | $ | 480 |  |  | $ | (850) |  |  | $ | — |  |  | $ | 1,221 |
Balance sheet |  |  |  |  |  |  |  |  |  |  |
Equity investments in affiliates | $ | — |  |  | $ | — |  |  | $ | 133 |  |  | $ | — |  |  | $ | — |  |  | $ | 133 |
Capital expenditures | 273 |  |  | 7 |  |  | 37 |  |  | 50 |  |  | — |  |  | 367 |
Goodwill | 710 |  |  | 723 |  |  | 217 |  |  | — |  |  | — |  |  | 1,650 |
Total assets | $ | 11,475 |  |  | $ | 19,526 |  |  | $ | 8,139 |  |  | $ | 35,780 |  |  | $ | (45,774) |  |  | $ | 29,146 |
(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues | $ | 4 |  |  | $ | (26) |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | (17) |
(b) Consolidated domestic federal and state income taxes are recorded to the Corporate segment. West/Services/Other amounts represent foreign income taxes
| For the Year Ended December 31, 2021
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate(a) |  | Eliminations |  | Total
Revenue(a) | $ | 10,295 |  |  | $ | 13,025 |  |  | $ | 3,659 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 26,989 |
Operating expenses | 8,692 |  |  | 10,256 |  |  | 3,467 |  |  | 141 |  |  | 10 |  |  | 22,566 |
Depreciation and amortization | 336 |  |  | 333 |  |  | 88 |  |  | 28 |  |  | — |  |  | 785 |
Impairment losses | — |  |  | 535 |  |  | 9 |  |  | — |  |  | — |  |  | 544 |
Total operating cost and expenses | 9,028 |  |  | 11,124 |  |  | 3,564 |  |  | 169 |  |  | 10 |  |  | 23,895 |
Gain on sale of assets | 19 |  |  | — |  |  | 17 |  |  | 211 |  |  | — |  |  | 247 |
Operating income | 1,286 |  |  | 1,901 |  |  | 112 |  |  | 42 |  |  | — |  |  | 3,341 |
Equity in (losses)/earnings of unconsolidated affiliates | (3) |  |  | — |  |  | 20 |  |  | — |  |  | — |  |  | 17 |
Other income, net | 8 |  |  | 7 |  |  | 3 |  |  | 59 |  |  | (14) |  |  | 63 |
Loss on debt extinguishment | — |  |  | — |  |  | — |  |  | (77) |  |  | — |  |  | (77) |
Interest expense | (1) |  |  | (1) |  |  | (28) |  |  | (469) |  |  | 14 |  |  | (485) |
Income/(loss) before income taxes | 1,290 |  |  | 1,907 |  |  | 107 |  |  | (445) |  |  | — |  |  | 2,859 |
Income tax expense(b) | — |  |  | — |  |  | 19 |  |  | 653 |  |  | — |  |  | 672 |
Net income/(loss) | $ | 1,290 |  |  | $ | 1,907 |  |  | $ | 88 |  |  | $ | (1,098) |  |  | $ | — |  |  | $ | 2,187 |
(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues | $ | 5 |  |  | $ | (18) |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | (10) |
(b) Consolidated domestic federal and state income taxes are recorded to the Corporate segment. West/Services/Other amounts represent foreign income taxes

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