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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables represent the Company’s disaggregation of revenue from contracts with customers for the years ended December 31, 2023, 2022, and 2021:
| For the Year Ended December 31, 2023
(In millions) | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home(a) |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(b) | $ | 6,538 |  |  | $ | 2,195 |  |  | $ | 1,890 |  |  | $ | 1,549 |  |  | $ | (1) |  |  | $ | 12,171 |
Business | 3,492 |  |  | 9,751 |  |  | 2,053 |  |  | — |  |  | — |  |  | 15,296 |
Total retail revenue(b) | 10,030 |  |  | 11,946 |  |  | 3,943 |  |  | 1,549 |  |  | (1) |  |  | 27,467 |
Energy revenue(c) | 77 |  |  | 291 |  |  | 185 |  |  | — |  |  | — |  |  | 553 |
Capacity revenue(c) | — |  |  | 197 |  |  | 2 |  |  | — |  |  | (2) |  |  | 197 |
Mark-to-market for economic hedging activities(d) | — |  |  | 57 |  |  | 103 |  |  | — |  |  | (16) |  |  | 144 |
Contract amortization | — |  |  | (32) |  |  | — |  |  | — |  |  | — |  |  | (32) |
Other revenue(c) | 369 |  |  | 88 |  |  | 48 |  |  | — |  |  | (11) |  |  | 494 |
Total revenue | 10,476 |  |  | 12,547 |  |  | 4,281 |  |  | 1,549 |  |  | (30) |  |  | 28,823 |
Less: Revenues accounted for under topics other than ASC 606 and ASC 815 | — |  |  | 17 |  |  | 35 |  |  | — |  |  | — |  |  | 52 |
Less: Realized and unrealized ASC 815 revenue | 29 |  |  | 364 |  |  | 138 |  |  | — |  |  | (16) |  |  | 515 |
Total revenue from contracts with customers | $ | 10,447 |  |  | $ | 12,166 |  |  | $ | 4,108 |  |  | $ | 1,549 |  |  | $ | (14) |  |  | $ | 28,256 |
(a) Includes results of operations following the acquisition date of March 10, 2023
(b) Home includes Services and Vivint Smart Home
(c) The following amounts of retail, energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home |  | Corporate/Eliminations |  | Total
Retail revenue | $ | — |  |  | $ | 74 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 74 |
Energy revenue | — |  |  | 162 |  |  | 13 |  |  | — |  |  | 1 |  |  | 176 |
Capacity revenue | — |  |  | 73 |  |  | — |  |  | — |  |  | — |  |  | 73 |
Other revenue | 29 |  |  | (2) |  |  | 22 |  |  | — |  |  | (1) |  |  | 48 |
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| For the Year Ended December 31, 2022
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(a) | $ | 6,388 |  |  | $ | 2,088 |  |  | $ | 2,286 |  |  |  |  | $ | (1) |  |  | $ | 10,761 |
Business | 3,229 |  |  | 13,768 |  |  | 1,964 |  |  |  |  | — |  |  | 18,961 |
Total retail revenue(b) | 9,617 |  |  | 15,856 |  |  | 4,250 |  |  |  |  | (1) |  |  | 29,722 |
Energy revenue(b) | 111 |  |  | 641 |  |  | 466 |  |  |  |  | 32 |  |  | 1,250 |
Capacity revenue(b) | — |  |  | 232 |  |  | 40 |  |  |  |  | — |  |  | 272 |
Mark-to-market for economic hedging activities(c) | 2 |  |  | (30) |  |  | (56) |  |  |  |  | 1 |  |  | (83) |
Contract amortization | — |  |  | (40) |  |  | 1 |  |  |  |  | — |  |  | (39) |
Other revenue(b) | 327 |  |  | 104 |  |  | 5 |  |  |  |  | (15) |  |  | 421 |
Total revenue | 10,057 |  |  | 16,763 |  |  | 4,706 |  |  |  |  | 17 |  |  | 31,543 |
Less: Revenues accounted for under topics other than ASC 606 and ASC 815 | — |  |  | (7) |  |  | 41 |  |  |  |  | 1 |  |  | 35 |
Less: Realized and unrealized ASC 815 revenue | (2) |  |  | 84 |  |  | (93) |  |  |  |  | 31 |  |  | 20 |
Total revenue from contracts with customers | $ | 10,059 |  |  | $ | 16,686 |  |  | $ | 4,758 |  |  |  |  | $ | (15) |  |  | $ | 31,488 |
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue | $ | — |  |  | $ | 110 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 110 |
Energy revenue | — |  |  | (31) |  |  | (8) |  |  |  |  | 31 |  |  | (8) |
Capacity revenue | — |  |  | 33 |  |  | — |  |  |  |  | — |  |  | 33 |
Other revenue | (4) |  |  | 2 |  |  | (29) |  |  |  |  | (1) |  |  | (32) |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| For the Year Ended December 31, 2021
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(a) | $ | 5,659 |  |  | $ | 1,832 |  |  | $ | 2,059 |  |  |  |  | $ | (1) |  |  | $ | 9,549 |
Business | 2,745 |  |  | 10,030 |  |  | 1,237 |  |  |  |  | — |  |  | 14,012 |
Total retail revenue | 8,404 |  |  | 11,862 |  |  | 3,296 |  |  |  |  | (1) |  |  | 23,561 |
Energy revenue(c) | 329 |  |  | 508 |  |  | 371 |  |  |  |  | 7 |  |  | 1,215 |
Capacity revenue(c) | — |  |  | 718 |  |  | 57 |  |  |  |  | — |  |  | 775 |
Mark-to-market for economic hedging activities(d) | (3) |  |  | (88) |  |  | (86) |  |  |  |  | 13 |  |  | (164) |
Contract amortization | — |  |  | (26) |  |  | (4) |  |  |  |  | — |  |  | (30) |
Other revenue(b)(c) | 1,565 |  |  | 51 |  |  | 25 |  |  |  |  | (9) |  |  | 1,632 |
Total revenue | 10,295 |  |  | 13,025 |  |  | 3,659 |  |  |  |  | 10 |  |  | 26,989 |
Less: Revenues accounted for under topics other than ASC 606 and ASC 815 | — |  |  | (25) |  |  | 3 |  |  |  |  | — |  |  | (22) |
Less: Realized and unrealized ASC 815 revenue | 130 |  |  | 184 |  |  | (96) |  |  |  |  | 16 |  |  | 234 |
Total revenue from contracts with customers | $ | 10,165 |  |  | $ | 12,866 |  |  | $ | 3,752 |  |  |  |  | $ | (6) |  |  | $ | 26,777 |
(a) Home includes Services
(b) Other Revenue in Texas includes ancillary revenues of $1.3 billion driven by high pricing during Winter Storm Uri
(c) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 131 |  |  | $ | 2 |  |  |  |  | $ | 3 |  |  | $ | 136 |
Capacity revenue | — |  |  | 149 |  |  | — |  |  |  |  | — |  |  | 149 |
Other revenue | 133 |  |  | (8) |  |  | (12) |  |  |  |  | — |  |  | 113 |
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Contract Assets and Liabilities | The following table reflects the contract assets and liabilities included in the Company's balance sheet as of December 31, 2023 and 2022:
(In millions) |  | December 31, 2023 |  | December 31, 2022
Capitalized contract costs(a) |  | $ | 706 |  |  | $ | 126 |
Accounts receivable, net - Contracts with customers |  | 3,395 |  |  | 4,704 |
Accounts receivable, net - Accounted for under topics other than ASC 606 |  | 136 |  |  | 64 |
Accounts receivable, net - Affiliate |  | 11 |  |  | 5 |
Total accounts receivable, net |  | $ | 3,542 |  |  | $ | 4,773 |
Unbilled revenues (included within Accounts receivable, net - Contracts with customers) |  | $ | 1,493 |  |  | $ | 1,952 |
Deferred revenues (b) |  | $ | 1,634 |  |  | $ | 186 |
(a)Amortization of capitalized contract costs for the years ended December 31, 2023, 2022 and 2021 were $168 million, $86 million and $95 million, respectively (b)Deferred revenues from contracts with customers for the years ended December 31, 2023 and 2022 were approximately $1.6 billion and $175 million, respectively. The increase in deferred revenue balances from December 31, 2023 to 2022 was primarily due to the acquisition of Vivint Smart Home

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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