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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023, and 2022:

			For the Year Ended December 31, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home			$	6,836					$	2,453					$	1,750					$	1,932					$	(25)					$	12,946
Business			3,564						8,794						1,845						—						—						14,203
Total retail revenue(a)			10,400						11,247						3,595						1,932						(25)						27,149
Energy revenue(a)			41						242						229						—						(12)						500
Capacity revenue(a)			—						156						24						—						(3)						177
Mark-to-market for economic hedging activities(b)			—						(23)						16						—						4						(3)
Contract amortization			—						(27)						(2)						—						—						(29)
Other revenue(a)			212						112						24						—						(12)						336
Total revenue			10,653						11,707						3,886						1,932						(48)						28,130
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						57						61						—						(1)						117
Less: Realized and unrealized ASC 815 revenue			30						168						75						—						(8)						265
Total revenue from contracts with customers			$	10,623					$	11,482					$	3,750					$	1,932					$	(39)					$	27,748
(a) 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			$	—					$	36					$	—					$	—					$	—					$	36
Energy revenue			—						79						63						—						(12)						130
Capacity revenue			—						76						—						—						—						76
Other revenue			30						—						(4)						—						—						26
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			For the Year Ended December 31, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home(a)						Corporate/Eliminations						Total
Retail revenue:
Home			$	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(b)			77						291						185						—						—						553
Capacity revenue(b)			—						197						2						—						(2)						197
Mark-to-market for economic hedging activities(c)			—						57						103						—						(16)						144
Contract amortization			—						(32)						—						—						—						(32)
Other revenue(b)			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) 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			$	—					$	74					$	—					$	—					$	—					$	74
Energy revenue			—						162						13						—						1						176
Capacity revenue			—						73						—						—						—						73
Other revenue			29						(2)						22						—						(1)						48
(c) 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			$	6,388					$	2,088					$	2,286											$	(1)					$	10,761
Business			3,229						13,768						1,964												—						18,961
Total retail revenue(a)			9,617						15,856						4,250												(1)						29,722
Energy revenue(a)			111						641						466												32						1,250
Capacity revenue(a)			—						232						40												—						272
Mark-to-market for economic hedging activities(b)			2						(30)						(56)												1						(83)
Contract amortization			—						(40)						1												—						(39)
Other revenue(a)			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) 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												Corporate/Eliminations						Total
Retail revenue			$	—					$	110					$	—											$	—					$	110
Energy revenue			—						(31)						(8)												31						(8)
Capacity revenue			—						33						—												—						33
Other revenue			(4)						2						(29)												(1)						(32)
(b) 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, 2024 and 2023:

(In millions)						December 31, 2024						December 31, 2023
Capitalized contract costs (included in Prepayments and other current assets and Other non-current assets)						$	1,220					$	706
Accounts receivable, net - Contracts with customers						3,393						3,395
Accounts receivable, net - Accounted for under topics other than ASC 606						90						136
Accounts receivable, net - Affiliate						5						11
Total accounts receivable, net						$	3,488					$	3,542
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)						$	1,548					$	1,493
Deferred revenues(a)						$	1,573					$	1,634

(a)Deferred revenues from contracts with customers as of December 31, 2024 and 2023 were approximately $1.5 billion and $1.6 billion, respectively.

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

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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

No definition available.

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