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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2024
Accounting Policies [Abstract] |
Components of Depreciation and Amortization in the Statement Of Income | The Company's depreciation and amortization included in the condensed consolidated statement of operations consisted of the following:
| Three months ended September 30, |  | Nine months ended September 30,
(In millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Amortization of capitalized contract costs related to fulfillment | $ | 34 |  |  | $ | 14 |  |  | $ | 82 |  |  | $ | 20 |
Amortization of capitalized contract costs related to customer acquisition | 57 |  |  | 37 |  |  | 149 |  |  | 88 |
Amortization of customer relationships and other intangible assets | 192 |  |  | 244 |  |  | 610 |  |  | 623 |
Depreciation of property, plant and equipment | 69 |  |  | 64 |  |  | 204 |  |  | 190 |
Total depreciation and amortization | $ | 352 |  |  | $ | 359 |  |  | $ | 1,045 |  |  | $ | 921 |
Activity in Allowance for Credit Losses | The following table represents the activity in the allowance for credit losses for the three and nine months ended September 30, 2024 and 2023:
| Three months ended September 30, |  | Nine months ended September 30,
(In millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 127 |  |  | $ | 120 |  |  | $ | 145 |  |  | $ | 133 |
Acquired balance from Vivint Smart Home | — |  |  | — |  |  | — |  |  | 22 |
Provision for credit losses | 95 |  |  | 85 |  |  | 228 |  |  | 165 |
Write-offs | (74) |  |  | (59) |  |  | (252) |  |  | (203) |
Recoveries collected | 9 |  |  | 9 |  |  | 28 |  |  | 30 |
Other | 7 |  |  | 3 |  |  | 15 |  |  | 11 |
Ending balance | $ | 164 |  |  | $ | 158 |  |  | $ | 164 |  |  | $ | 158 |
Other Balance Sheet Information | The following table presents the accumulated depreciation included in property, plant and equipment, net and accumulated amortization included in customer relationships, net and other intangible assets, net:
(In millions) | September 30, 2024 |  | December 31, 2023
Property, plant and equipment accumulated depreciation | $ | 1,470 |  |  | $ | 1,295 |
Customer relationships and other intangible assets accumulated amortization | 3,435 |  |  | 2,994 |
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Funds Deposited by Counterparties | The following table provides a reconciliation of cash and cash equivalents, restricted cash and funds deposited by counterparties reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statements of cash flows:
(In millions) | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents | $ | 1,104 |  |  | $ | 541 |
Funds deposited by counterparties | 12 |  |  | 84 |
Restricted cash | 10 |  |  | 24 |
Cash and cash equivalents, funds deposited by counterparties and restricted cash shown in the statement of cash flows | $ | 1,126 |  |  | $ | 649 |
Schedule of Goodwill | The following table represents the changes in goodwill during the nine months ended September 30, 2024:
(In millions) | Texas |  | East |  | West/Services/Other |  | Vivint Smart Home |  | Total
Balance as of December 31, 2023 | $ | 643 |  |  | $ | 721 |  |  | $ | 221 |  |  | $ | 3,494 |  |  | $ | 5,079 |
Impairment | — |  |  | — |  |  | (15) |  |  | — |  |  | (15) |
Sale of Airtron | — |  |  | — |  |  | (44) |  |  | — |  |  | (44) |
Foreign currency translation adjustments | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |
Balance as of September 30, 2024 | $ | 643 |  |  | $ | 721 |  |  | $ | 160 |  |  | $ | 3,494 |  |  | $ | 5,018 |

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