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Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Total Consideration

The total consideration of $2.623 billion includes:

						(In millions)
Vivint Smart Home, Inc. common shares outstanding as of March 10, 2023 of 216,901,639 at $12.00 per share						$	2,603
Other Vivint Smart Home, Inc. equity instruments (Cash out RSUs and PSUs, Stock Appreciation Rights, Private Placement Warrants)						6
Total Cash Consideration						$	2,609
Fair value of acquired Vivint Smart Home, Inc. equity awards attributable to pre-combination service						14
Total Consideration						$	2,623

Schedule of Purchase Price Allocation

The purchase price was allocated as follows as of December 31, 2023:

			(In millions)
Current Assets
Cash and cash equivalents			$	120
Accounts receivable, net			60
Inventory			113
Prepayments and other current assets			37
Total current assets			330
Property, plant and equipment, net			49
Other Assets
Operating lease right-of-use assets, net			35
Goodwill(a)			3,494
Intangible assets, net(b):
Customer relationships			1,740
Technology			860
Trade names			160
Sales channel contract			10
Intangible assets, net			2,770
Deferred income taxes			382
Other non-current assets			14
Total other assets			6,695
Total Assets			$	7,074
Current Liabilities
Current portion of long-term debt and finance leases			$	14
Current portion of operating lease liabilities			13
Accounts payable			109
Derivative instruments			80
Deferred revenue current			518
Accrued expenses and other current liabilities			207
Total current liabilities			941
Other Liabilities
Long-term debt and finance leases			2,572
Non-current operating lease liabilities			28
Derivative instruments			32
Deferred income taxes			18
Deferred revenue non-current			837
Other non-current liabilities			23
Total other liabilities			3,510
Total Liabilities			$	4,451
Vivint Smart Home Purchase Price			$	2,623

(a)Goodwill arising from the acquisition is attributed to the value of the platform acquired, cross-selling opportunities, subscriber growth and the synergies expected from combining the operations of Vivint Smart Home with NRG's existing businesses. None of the goodwill recorded will be deductible for tax purposes

(b)The weighted average amortization period for total amortizable intangible assets is approximately ten years

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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