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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

						Three months ended March 31, 2025
(In millions)						Texas						East						West/Services/Other						Vivint Smart Home						Corporate						Eliminations						Total
Revenue(a)						$	2,435					$	4,577					$	1,099					$	494					$	—					$	(20)					$	8,585
Operating expenses						2,015						3,839						1,016						249						19						(20)						7,118
Depreciation and amortization						83						37						13						182						11						—						326
Total operating cost and expenses						2,098						3,876						1,029						431						30						(20)						7,444
Loss on sale of assets						—						—						(7)						—						—						—						(7)
Operating income/(loss)						337						701						63						63						(30)						—						1,134
Equity in earnings of unconsolidated affiliates						—						—						2						—						—						—						2
Other income, net						—						4						—						(8)						16						—						12
Interest expense						—						—						—						—						(163)						—						(163)
Income/(loss) before income taxes						337						705						65						55						(177)						—						985
Income tax expense						—						—						—						—						235						—						235
Net income/(loss)						$	337					$	705					$	65					$	55					$	(412)					$	—					$	750
(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues						$	7					$	(1)					$	2					$	12					$	—					$	—					$	20
Other segment information
Capital expenditures						$	190					$	—					$	3					$	1					$	23					$	—					$	217

						Three months ended March 31, 2024
(In millions)						Texas						East						West/Services/Other						Vivint Smart Home						Corporate						Eliminations						Total
Revenue(a)						$	2,233					$	3,515					$	1,219					$	468					$	—					$	(6)					$	7,429
Operating expenses						1,798						2,895						1,266						248						19						(6)						6,220
Depreciation and amortization						82						39						25						177						10						—						333
Total operating cost and expenses						1,880						2,934						1,291						425						29						(6)						6,553
Loss on sale of assets						(4)						—						—						—						—						—						(4)
Operating income/(loss)						349						581						(72)						43						(29)						—						872
Equity in earnings of unconsolidated affiliates						—						—						3						—						—						—						3
Other income, net						—						—						(2)						4						28						—						30
Loss on debt extinguishment						—						—						—						—						(58)						—						(58)
Interest expense						—						—						—						—						(152)						—						(152)
Income/(loss) before income taxes						349						581						(71)						47						(211)						—						695
Income tax expense						—						—						—						—						184						—						184
Net income/(loss)						$	349					$	581					$	(71)					$	47					$	(395)					$	—					$	511
(a) Inter-segment sales and inter-segment net derivative gains and losses included in revenues						$	1					$	—					$	5					$	—					$	—					$	—					$	6
Other segment information
Capital expenditures						$	45					$	—					$	6					$	4					$	14					$	—					$	69

The following table summarizes balance sheet information by segment:

						As of March 31, 2025
(In millions)						Texas						East						West/Services/Other						Vivint Smart Home						Corporate						Eliminations						Total
Equity investments in affiliates						$	—					$	—					$	47					$	—					$	—					$	—					$	47
Goodwill						643						721						154						3,494						—						—						5,012
Total assets						7,511						10,113						2,731						6,507						18,110						(19,981)						24,991
						As of December 31, 2024
(In millions)						Texas						East						West/Services/Other						Vivint Smart Home						Corporate						Eliminations						Total
Equity investments in affiliates						$	—					$	—					$	45					$	—					$	—					$	—					$	45
Goodwill						643						721						153						3,494						—						—						5,011
Total assets						6,925						8,021						2,254						6,624						15,543						(15,345)						24,022

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.

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