XML 43 R31.htm IDEA: XBRL DOCUMENT v3.24.3

Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue from Contracts with Customer

Disaggregated Revenues

The following tables represent the Company’s disaggregation of revenue from contracts with customers for the three and nine months ended September 30, 2024 and 2023:

			Three months ended September 30, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	2,235					$	616					$	349					$	499					$	(4)					$	3,695
Business			996						1,852						411						—						—						3,259
Total retail revenue(b)			3,231						2,468						760						499						(4)						6,954
Energy revenue(b)			12						67						52						—						(3)						128
Capacity revenue(b)			—						40						8						—						(1)						47
Mark-to-market for economic hedging activities(c)			—						1						6						—						1						8
Contract amortization			—						(7)						(1)						—						—						(8)
Other revenue(b)			58						31						8						—						(3)						94
Total revenue			3,301						2,600						833						499						(10)						7,223
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						14						13						—						—						27
Less: Realized and unrealized ASC 815 revenue			19						33						18						—						(1)						69
Total revenue from contracts with customers			$	3,282					$	2,553					$	802					$	499					$	(9)					$	7,127
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	6					$	—					$	—					$	—					$	6
Energy revenue			—						9						12						—						(3)						18
Capacity revenue			—						17						—						—						—						17
Other revenue			19						—						—						—						1						20
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Three months ended September 30, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	2,397					$	544					$	390					$	478					$	(1)					$	3,808
Business			1,092						2,089						532						—						—						3,713
Total retail revenue(b)			3,489						2,633						922						478						(1)						7,521
Energy revenue(b)			51						152						59						—						(1)						261
Capacity revenue(b)			—						64						(4)						—						(1)						59
Mark-to-market for economic hedging activities(c)			—						(60)						(10)						—						—						(70)
Contract amortization			—						(6)						1						—						—						(5)
Other revenue(b)			146						26						10						—						(2)						180
Total revenue			3,686						2,809						978						478						(5)						7,946
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						8						10						—						—						18
Less: Realized and unrealized ASC 815 revenue			16						58						(7)						—						—						67
Total revenue from contracts with customers			$	3,670					$	2,743					$	975					$	478					$	(5)					$	7,861
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	14					$	—					$	—					$	—					$	14
Energy revenue			—						77						—						—						—						77
Capacity revenue			—						27						—						—						—						27
Other revenue			16						—						3						—						—						19
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	5,361					$	1,855					$	1,362					$	1,434					$	(12)					$	10,000
Business			2,740						6,402						1,385						—						—						10,527
Total retail revenue(b)			8,101						8,257						2,747						1,434						(12)						20,527
Energy revenue(b)			35						194						170						—						(9)						390
Capacity revenue(b)			—						120						16						—						(3)						133
Mark-to-market for economic hedging activities(c)			—						15						14						—						3						32
Contract amortization			—						(23)						(2)						—						—						(25)
Other revenue(b)			161						84						17						—						(8)						254
Total revenue			8,297						8,647						2,962						1,434						(29)						21,311
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						36						38						—						—						74
Less: Realized and unrealized ASC 815 revenue			29						165						60						—						(4)						250
Total revenue from contracts with customers			$	8,268					$	8,446					$	2,864					$	1,434					$	(25)					$	20,987
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	25					$	—					$	—					$	—					$	25
Energy revenue			—						67						50						—						(8)						109
Capacity revenue			—						58						—						—						—						58
Other revenue			29						—						(4)						—						1						26
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home(a)						Corporate/Eliminations						Total
Retail revenue:
Home(b)			$	5,196					$	1,641					$	1,421					$	1,070					$	(1)					$	9,327
Business			2,646						7,366						1,572						—						—						11,584
Total retail revenue(c)			7,842						9,007						2,993						1,070						(1)						20,911
Energy revenue(c)			71						254						147						—						—						472
Capacity revenue(c)			—						154						(3)						—						(1)						150
Mark-to-market for economic hedging activities(d)			—						27						80						—						(11)						96
Contract amortization			—						(24)						—						—						—						(24)
Other revenue(c)			322						70						27						—						(8)						411
Total revenue			8,235						9,488						3,244						1,070						(21)						22,016
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						13						26						—						—						39
Less: Realized and unrealized ASC 815 revenue			28						270						97						—						(10)						385
Total revenue from contracts with customers			$	8,207					$	9,205					$	3,121					$	1,070					$	(11)					$	21,592
(a) Includes results of operations following the acquisition date of March 10, 2023
(b) Home includes Services
(c) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	57					$	—					$	—					$	—					$	57
Energy revenue			—						137						10						—						1						148
Capacity revenue			—						50						—						—						—						50
Other revenue			28						(1)						7						—						—						34
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

Contract Asset and Liabilities

The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of September 30, 2024 and December 31, 2023:

(In millions)			September 30, 2024						December 31, 2023
Capitalized contract costs (included in Prepayments and other current assets and Other non-current assets)			$	1,173					$	706
Accounts receivable, net - Contracts with customers			3,181						3,395
Accounts receivable, net - Accounted for under topics other than ASC 606			74						136
Accounts receivable, net - Affiliate			3						11
Total accounts receivable, net			$	3,258					$	3,542
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)			$	1,318					$	1,493
Deferred revenues(a)			1,680						1,634

(a)Deferred revenues from contracts with customers were approximately $1.6 billion as of both September 30, 2024 and December 31, 2023

X

- 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

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration