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Equipment Installment Plans (Table)
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Equipment installment plan receivables
The following table summarizes equipment installment plan receivables.
June 30, 2024December 31, 2023
(Dollars in millions)  
Equipment installment plan receivables, gross$1,101 $1,151 
Allowance for credit losses(85)(90)
Equipment installment plan receivables, net$1,016 $1,061 
Net balance presented in the Consolidated Balance Sheet as:
Accounts receivable — Customers and agents (Current portion)$578 $577 
Other assets and deferred charges (Non-current portion)438 484 
Equipment installment plan receivables, net$1,016 $1,061 
Equipment installment plan receivables credit categories The balance and aging of the equipment installment plan receivables on a gross basis by credit category were as follows:
June 30, 2024December 31, 2023
Lowest Risk
Lower Risk
Slight Risk
Higher Risk
Total
Lowest Risk
Lower Risk
Slight Risk
Higher Risk
Total
(Dollars in millions)
Unbilled$960 $65 $12 $5 $1,042 $977 $88 $16 $4 $1,085 
Billed — current39 3 1 — 43 35 5 2 1 43 
Billed — past due10 4 1 1 16 12 7 3 1 23 
Total$1,009 $72 $14 $6 $1,101 $1,024 $100 $21 $6 $1,151 
The balance of the equipment installment plan receivables as of June 30, 2024 on a gross basis by year of origination were as follows:
2021202220232024
Total
(Dollars in millions)
Lowest Risk$3 $259 $462 $285 $1,009 
Lower Risk— 11 32 29 72 
Slight Risk— 1 6 7 14 
Higher Risk— — 3 3 6 
Total$3 $271 $503 $324 $1,101 
Equipment installment plans allowance for credit losses
The write-offs, net of recoveries for the six months ended June 30, 2024 on a gross basis by year of origination were as follows:
2021202220232024
Total
(Dollars in millions)
Write-offs, net of recoveries$(1)$13 $25 $1 $38 
Activity for the six months ended June 30, 2024 and 2023, in the allowance for credit losses for equipment installment plan receivables was as follows:
 June 30, 2024June 30, 2023
(Dollars in millions)  
Allowance for credit losses, beginning of period$90 $96 
Bad debts expense33 35 
Write-offs, net of recoveries(38)(39)
Allowance for credit losses, end of period$85 $92