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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024:
Three months ended March 31, 2025
(In millions)
TexasEastWest/Services/OtherVivint Smart HomeCorporate/EliminationsTotal
Retail revenue:
Home$1,555 $738 $489 $494 $(16)$3,260 
Business832 3,612 512 — — 4,956 
Total retail revenue(a)
2,387 4,350 1,001 494 (16)8,216 
Energy revenue(a)
7 158 81 — (1)245 
Capacity revenue(a)
— 40 8 — (1)47 
Mark-to-market for economic hedging activities(b)
— (19)2 — 2 (15)
Contract amortization— (5)— — — (5)
Other revenue(a)
41 53 7 — (4)97 
Total revenue2,435 4,577 1,099 494 (20)8,585 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— 37 28 — — 65 
Less: Realized and unrealized ASC 815 revenue
(2)26 6 — 1 31 
Total revenue from contracts with customers$2,437 $4,514 $1,065 $494 $(21)$8,489 
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/Services/OtherVivint Smart HomeCorporate/EliminationsTotal
Retail revenue$— $11 $— $— $— $11 
Energy revenue— 14 4 — — 18 
Capacity revenue— 16 — — — 16 
Other revenue(2)4 — — (1)1 
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Three months ended March 31, 2024
(In millions)
TexasEastWest/Services/OtherVivint Smart HomeCorporate/EliminationsTotal
Retail revenue:
Home$1,360 $702 $599 $468 $— $3,129 
Business818 2,726 556 — — 4,100 
Total retail revenue(a)
2,178 3,428 1,155 468 — 7,229 
Energy revenue(a)
7 81 67 — (3)152 
Capacity revenue(a)
— 41 2 — (1)42 
Mark-to-market for economic hedging activities(b)
— (51)(9)— — (60)
Contract amortization— (10)— — — (10)
Other revenue(a)
48 26 4 — (2)76 
Total revenue2,233 3,515 1,219 468 (6)7,429 
Less: Revenues accounted for under topics other than ASC 606 and ASC 815— 10 6 — — 16 
Less: Realized and unrealized ASC 815 revenue
2 24 10 — (3)33 
Total revenue from contracts with customers$2,231 $3,481 $1,203 $468 $(3)$7,380 
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/Services/OtherVivint Smart HomeCorporate/EliminationsTotal
Retail revenue$— $10 $— $— $— $10 
Energy revenue— 43 22 — (3)62 
Capacity revenue— 22 — — — 22 
Other revenue2 — (3)— — (1)
(b) 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 March 31, 2025 and December 31, 2024:
(In millions)
March 31, 2025December 31, 2024
Capitalized contract costs (included in Prepayments and other current assets and Other non-current assets)$1,286 $1,220 
Accounts receivable, net - Contracts with customers3,440 3,393 
Accounts receivable, net - Accounted for under topics other than ASC 60669 90 
Accounts receivable, net - Affiliate3 5 
Total accounts receivable, net$3,512 $3,488 
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)$1,363 $1,548 
Deferred revenues(a)
1,520 1,573 
(a)Deferred revenues from contracts with customers were approximately $1.5 billion as of both March 31, 2025 and December 31, 2024