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Equipment Installment Plans (Table)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Equipment installment plan receivables
The following table summarizes equipment installment plan receivables.
September 30, 2024December 31, 2023
(Dollars in millions)  
Equipment installment plan receivables, gross$1,075 $1,151 
Allowance for credit losses(80)(90)
Equipment installment plan receivables, net$995 $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)417 484 
Equipment installment plan receivables, net$995 $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:
September 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$934 $68 $13 $5 $1,020 $977 $88 $16 $4 $1,085 
Billed — current34 3 1 — 38 35 5 2 1 43 
Billed — past due10 4 2 1 17 12 7 3 1 23 
Total$978 $75 $16 $6 $1,075 $1,024 $100 $21 $6 $1,151 
The balance of the equipment installment plan receivables as of September 30, 2024 on a gross basis by year of origination were as follows:
2021202220232024
Total
(Dollars in millions)
Lowest Risk$1 $189 $395 $393 $978 
Lower Risk— 8 26 41 75 
Slight Risk— 1 4 11 16 
Higher Risk— — 2 4 6 
Total$1 $198 $427 $449 $1,075 
Equipment installment plans allowance for credit losses
The write-offs, net of recoveries for the nine months ended September 30, 2024 on a gross basis by year of origination were as follows:
2021202220232024
Total
(Dollars in millions)
Write-offs, net of recoveries$(1)$15 $34 $6 $54 
Activity for the nine months ended September 30, 2024 and 2023, in the allowance for credit losses for equipment installment plan receivables was as follows:
 September 30, 2024September 30, 2023
(Dollars in millions)  
Allowance for credit losses, beginning of period$90 $96 
Bad debts expense44 47 
Write-offs, net of recoveries(54)(58)
Allowance for credit losses, end of period$80 $85