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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

			For the Year Ended December 31, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate(a)						Eliminations						Total
Revenue(a)			$	10,653					$	11,707					$	3,886					$	1,932					$	—					$	(48)					$	28,130
Operating Expenses			9,785						9,746						3,874						1,037						81						(48)						24,475
Depreciation and amortization			323						158						114						767						41						—						1,403
Impairment losses			7						—						29						—						—						—						36
Total operating cost and expenses			10,115						9,904						4,017						1,804						122						(48)						25,914
(Loss)/gain on sale of assets			(4)						3						209						—						—						—						208
Operating income/(loss)			534						1,806						78						128						(122)						—						2,424
Equity in earnings of unconsolidated affiliates			—						—						20						—						—						—						20
Impairment losses on investments			—						—						(7)						—						—						—						(7)
Other income, net			—						(1)						6						(15)						54						—						44
Loss on debt extinguishment			—						—						—						—						(382)						—						(382)
Interest expense			—						—						—						—						(651)						—						(651)
Income/(loss) before income taxes			534						1,805						97						113						(1,101)						—						1,448
Income tax expense			—						—						—						—						323						—						323
Net income/(loss)			$	534					$	1,805					$	97					$	113					$	(1,424)					$	—					$	1,125
Balance sheet
Equity investments in affiliates			$	—					$	—					$	45					$	—					$	—					$	—					$	45
Capital expenditures			369						3						16						23						61						—						472
Goodwill			643						721						153						3,494						—						—						5,011
Total assets			$	6,925					$	8,021					$	2,254					$	6,624					$	15,543					$	(15,345)					$	24,022

(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues $ 22  $ —  $ 18  $ 8  $ —  $ —  $ 48 

			For the Year Ended December 31, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home(a)						Corporate(b)						Eliminations						Total
Revenue(b)			$	10,476					$	12,547					$	4,281					$	1,549					$	—					$	(30)					$	28,823
Operating Expenses			8,353						14,361						5,021						858						133						(30)						28,696
Depreciation and amortization			348						167						99						645						36						—						1,295
Impairment losses			2						4						20						—						—						—						26
Total operating cost and expenses			8,703						14,532						5,140						1,503						169						(30)						30,017
Gain on sale of assets			1,319						259						—						—						—						—						1,578
Operating income/(loss)			3,092						(1,726)						(859)						46						(169)						—						384
Equity in earnings of unconsolidated affiliates			—						—						16						—						—						—						16
Impairment losses on investments			—						—						(102)						—						—						—						(102)
Other income, net			2						(1)						1						(15)						60						—						47
Gain on debt extinguishment			—						—						—						—						109						—						109
Interest expense			—						—						—						—						(667)						—						(667)
Income/(loss) before income taxes			3,094						(1,727)						(944)						31						(667)						—						(213)
Income tax benefit			—						—						—						—						(11)						—						(11)
Net income/(loss)			$	3,094					$	(1,727)					$	(944)					$	31					$	(656)					$	—					$	(202)
Balance sheet
Equity investments in affiliates			$	—					$	—					$	42					$	—					$	—					$	—					$	42
Capital expenditures			495						5						27						18						53						—						598
Goodwill			643						721						221						3,494						—						—						5,079
Total assets(c)			$	8,236					$	13,712					$	3,612					$	6,619					$	20,357					$	(26,498)					$	26,038

(a) Includes results of operations following the acquisition date of March 10, 2023
(b) Inter-segment sales and inter-segment net derivative gains and losses included in revenues			$	5					$	9					$	16					$	—					$	—					$	—					$	30
(c) Tax related balances have been recast to Corporate for comparative purposes

			For the Year Ended December 31, 2022
(In millions)			Texas						East						West/Services/Other						Corporate(a)						Eliminations						Total
Revenue(a)			$	10,057					$	16,763					$	4,706					$	—					$	17					$	31,543
Operating Expenses			8,444						15,998						4,106						86						17						28,651
Depreciation and amortization			361						241						87						31						—						720
Impairment losses			—						206						—						—						—						206
Total operating cost and expenses			8,805						16,445						4,193						117						17						29,577
Gain/(loss) on sale of assets			10						—						45						(3)						—						52
Operating income			1,262						318						558						(120)						—						2,018
Equity in (losses)/earnings of unconsolidated affiliates			(2)						—						8						—						—						6
Other income, net			4						1						1						50						—						56
Interest expense			—						—						—						(417)						—						(417)
Income/(loss) before income taxes			1,264						319						567						(487)						—						1,663
Income tax expense			—						—						—						442						—						442
Net income/(loss)			$	1,264					$	319					$	567					$	(929)					$	—					$	1,221

(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues $ 4  $ (26) $ 5  $ —  $ —  $ (17)

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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