Accounts Receivable

12 Months Ended

Dec. 31, 2024

(5) Accounts Receivable:

The components of accounts receivable, net at December 31, 2024 and 2023 are as follows:




($ in millions)	December 31, 2024		December 31, 2023

Retail and Wholesale	$	388	$	438
Other		57		61
Less: Allowance for doubtful accounts		(66)		(53)
Accounts receivable, net	$	379	$	446

An analysis of the activity in the allowance for credit losses is as follows:


	For the year ended		For the year ended		For the year ended
($ in millions)	December 31,		December 31,		December 31,
	2024		2023		2022
Balance at beginning of the Period:	$	53	$	47	$	57
Increases: Provision for bad debt charged to expense		39		35		26
Increases: Provision for bad debt charged to revenue		80		23		30
Write-offs charged against allowance, net of recoveries		(106)		(52)		(66)
Balance at end of Period:	$	66	$	53	$	47

We maintain an allowance for credit losses based on the estimated ability to collect accounts receivable. The allowance for credit losses is increased by recording an expense for the provision for bad debts for retail customers, and through decreases to revenue at the time of billing for wholesale customers. The allowance is decreased when customer accounts are written off, or when customers are given credits.

The provision for bad debts charged to expense was $39 million, $35 million and $26 million for the year ended December 31, 2024, 2023 and 2022, respectively.

Approximately $440 million and $143 million of credits related to customers are included in other current liabilities on our consolidated balance sheets as of December 31, 2024, and December 31, 2023, respectively.

In accordance with ASC 326, we performed calculations to estimate expected credit losses, utilizing rates that are consistent with our write offs (net of recoveries) because such events affect the entity’s loss given default experience.