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Accounts Receivable | 3 Months Ended
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Mar. 31, 2025
Accounts Receivable [Abstract] |
Accounts Receivable | (5) Accounts Receivable: The components of accounts receivable, net at March 31, 2025 and December 31, 2024 are as follows:
| ($ in millions) |  | March 31, 2025 |  | December 31, 2024 |
| Retail and Wholesale |  | $ | 428 |  | $ | 388 |
| Other |  |  | 60 |  |  | 57 |
| Less: Allowance for doubtful accounts |  |  | (72) |  |  | (66) |
| Accounts receivable, net |  | $ | 416 |  | $ | 379 |
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 was $11 million and $9 million for the three months ended March 31, 2025 and 2024, respectively. Approximately $603 million and $440 million of credits related to customers are included in other current liabilities on our consolidated balance sheets as of March 31, 2025, and December 31, 2024, respectively. In accordance with ASC 326, we performed calculations to estimate expected credit losses, utilizing rates that are consistent with our write offs (net of recoveries) because such events affect the entity’s loss given default experience. Activity in the allowance for credit losses for the three months ended March 31, 2025 was as follows:
| ($ in millions) |  |
| Balance at December 31, 2024 | $ | 66 |
| Provision for bad debt |  | 11 |
| Amounts charged to revenue |  | 8 |
| Write offs charged against the allowance |  | (13) |
| Balance at March 31, 2025 | $ | 72 |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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