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Revenue Recognition (Tables)

12 Months Ended

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

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X

- 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

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- References

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