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Revenue Recognition
 12 Months Ended
Dec. 31, 2024
Revenue Recognition [Abstract]  
Revenue Recognition (4) Revenue Recognition:

We categorize our products, services, and other revenues into the following categories:

Data and Internet services include broadband services for consumer and business customers. We provide data transmission services to high volume business customers and other carriers with dedicated high capacity circuits (“nonswitched access”) including services to wireless providers (“wireless backhaul”);

Voice services include traditional local and long-distance wireline services, Voice over Internet Protocol (VoIP) services, as well as a number of unified messaging services offered to our consumer and business customers. Voice services also include the long-distance voice origination and termination services that we provide to our business customers and other carriers;

Video services include revenues generated from services provided directly to consumer customers as linear terrestrial television services, through various satellite providers, and through partnerships with over-the-top (OTT) video providers. Video services also includes pay-per-view revenues, video on demand, equipment rentals, and video advertising. We have made the strategic decision to limit sales of new traditional TV services focusing on our broadband products and OTT video options;

Other customer revenue includes switched access revenue, rents collected for collocation services, and revenue from other services and fees. Switched access revenue includes revenues derived from allowing other carriers to use our network to originate and/or terminate their local and long-distance voice traffic (switched access). These services are primarily billed on a minutes-of-use basis applying tariffed rates filed with the FCC or state agencies; and

Subsidy and other regulatory revenue includes revenues generated from cost subsidies from state and federal authorities, including the CAF II and RDOF.

The following tables provide a summary of revenues, by category.

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Data and Internet services

$

3,963

$

3,534 

$

3,390 

Voice services

1,231

1,373 

1,498 

Video services

344

430 

520 

Other

335

339 

325 

Revenue from contracts

with customers (1)

5,873

5,676 

5,733 

Subsidy and other regulatory revenue

64

75 

54 

Total revenue

$

5,937

$

5,751 

$

5,787 

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Consumer

$

3,163

$

3,097 

$

3,116 

Business and Wholesale

2,710

2,579 

2,617 

Revenue from contracts

with customers (1)

5,873

5,676 

5,733 

Subsidy and other regulatory revenue

64

75 

54 

Total revenue

$

5,937

$

5,751 

$

5,787 

(1)Includes $52 million, $62 million and $63 million of lease revenue for the years ended December 31, 2024, 2023 and 2022, respectively.

 

The following is a summary of the changes in the contract liabilities:

Contract Liabilities

($ in millions)

Current

Noncurrent

Balance at January 1, 2024

$

33

$

16

Revenue recognized included

in opening contract balance

(34)

(19)

Credits granted, excluding amounts

recognized as revenue

36

16

Reclassified between current

and noncurrent

(1)

1

Balance at December 31, 2024

$

34

$

14

Balance at January 1, 2023

$

28

$

17

Revenue recognized included

in opening contract balance

(37)

(14)

Credits granted, excluding amounts

recognized as revenue

37

18

Reclassified between current

and noncurrent

5 

(5)

Balance at December 31, 2023

$

33

$

16

The unsatisfied obligations for retail customers consist of amounts in advance billings, which are expected to be earned within the following monthly billing cycle. Unsatisfied obligations for wholesale customers are based on a point-in-time calculation and determined by the number of circuits provided and the contractual price. These wholesale customer obligations change from period to period based on new circuits added as well as circuits that are terminated.

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.

($ in millions)

Revenue from contracts with customers

2025

$

463

2026

187

2027

162

2028

30

2029

76

Thereafter

44

Total

$

962