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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Presentation of leases for lessee [abstract] |
Schedule of Estimated Useful Life of Right of Use Assets | Our consolidated estimated useful lives of ROU assets as at December 31, 2023 are as follows:
Sites |  | 1 – 30 years
International leased circuits(1) |  | 2 – 20 years
Poles(2) |  | 1 – 12 years
Domestic leased circuits |  | 1 – 10 years
Office buildings |  | 1 – 25 years
Co-located sites(3) |  | 3 – 11 years
(1) As at December 31, 2022, the estimated useful life ranges from 1-11 years. (2) As at December 31, 2022, the estimated useful life ranges from 2-12 years. (3) As at December 31, 2022, the estimated useful life ranges from 3-7 years.
Schedule of Changes in Right of Use Assets | Our consolidated rollforward analysis of ROU assets as at December 31, 2023 and 2022 are as follows:
|  | Sites |  |  | International Leased Circuits |  |  | Poles |  |  | Domestic Leased Circuits |  |  | Office Buildings |  |  | Co-located Sites |  |  | Sale and Leaseback Adjustment |  |  | Total |
|  | (in million pesos) |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | 23,093 |  |  |  | 4,257 |  |  |  | 3,631 |  |  |  | 1,732 |  |  |  | 1,669 |  |  |  | 10 |  |  |  | — |  |  |  | 34,392 |
Additions (Note 28) |  |  | 32,735 |  |  |  | 402 |  |  |  | 116 |  |  |  | 851 |  |  |  | 165 |  |  |  | 5 |  |  |  | — |  |  |  | 34,274 |
Business combination |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 90 |
Currency translation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5 | ) |  |  | — |  |  |  | — |  |  |  | (5 | )
Asset retirement obligation |  |  | (1,412 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (95 | ) |  |  | — |  |  |  | — |  |  |  | (1,507 | )
Modifications |  |  | (7 | ) |  |  | (106 | ) |  |  | 432 |  |  |  | (8 | ) |  |  | 1 |  |  |  | — |  |  |  | (12,776 | ) |  |  | (12,464 | )
Terminations |  |  | (12,188 | ) |  |  | (294 | ) |  |  | — |  |  |  | (139 | ) |  |  | (316 | ) |  |  | — |  |  |  | — |  |  |  | (12,937 | )
Balances at end of the year |  |  | 42,311 |  |  |  | 4,259 |  |  |  | 4,179 |  |  |  | 2,436 |  |  |  | 1,420 |  |  |  | 15 |  |  |  | (12,776 | ) |  |  | 41,844 |
Accumulated depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | (8,666 | ) |  |  | (2,014 | ) |  |  | (1,629 | ) |  |  | (966 | ) |  |  | (1,030 | ) |  |  | (6 | ) |  |  | — |  |  |  | (14,311 | )
Terminations |  |  | 4,923 |  |  |  | 150 |  |  |  | — |  |  |  | 71 |  |  |  | 293 |  |  |  | — |  |  |  | — |  |  |  | 5,437 |
Charge from asset retirement obligation |  |  | 1,545 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 103 |  |  |  | — |  |  |  | — |  |  |  | 1,648 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 5 |
Currency translation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Modifications |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | (10 | )
Business combination |  |  | (33 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (33 | )
Depreciation from continuing operations (Notes 2 and 3) |  |  | (3,803 | ) |  |  | (832 | ) |  |  | (875 | ) |  |  | (475 | ) |  |  | (313 | ) |  |  | (3 | ) |  |  | 640 |  |  |  | (5,661 | )
Depreciation from discontinued operations (Notes 2 and 3) |  |  | (21 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (34 | ) |  |  | — |  |  |  | — |  |  |  | (55 | )
Balances at end of the year |  |  | (6,055 | ) |  |  | (2,696 | ) |  |  | (2,504 | ) |  |  | (1,370 | ) |  |  | (987 | ) |  |  | (9 | ) |  |  | 640 |  |  |  | (12,981 | )
Net book value as at December 31, 2022 |  |  | 36,256 |  |  |  | 1,563 |  |  |  | 1,675 |  |  |  | 1,066 |  |  |  | 433 |  |  |  | 6 |  |  |  | (12,136 | ) |  |  | 28,863 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | 42,311 |  |  |  | 4,259 |  |  |  | 4,179 |  |  |  | 2,436 |  |  |  | 1,420 |  |  |  | 15 |  |  |  | (12,776 | ) |  |  | 41,844 |
Additions (Note 28) |  |  | 14,942 |  |  |  | 341 |  |  |  | 66 |  |  |  | 99 |  |  |  | 255 |  |  |  | 56 |  |  |  | — |  |  |  | 15,759 |
Asset retirement obligation |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26 | ) |  |  | — |  |  |  | — |  |  |  | 67 |
Modifications |  |  | (35 | ) |  |  | (46 | ) |  |  | (851 | ) |  |  | (326 | ) |  |  | (149 | ) |  |  | (18 | ) |  |  | — |  |  |  | (1,425 | )
Terminations |  |  | (2,117 | ) |  |  | (249 | ) |  |  | (30 | ) |  |  | (208 | ) |  |  | (341 | ) |  |  | — |  |  |  | (1,449 | ) |  |  | (4,394 | )
Reclassification to ROU assets classified as held-for-sale |  |  | (2,508 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,508 | )
Balances at end of the year |  |  | 52,686 |  |  |  | 4,305 |  |  |  | 3,364 |  |  |  | 2,001 |  |  |  | 1,159 |  |  |  | 53 |  |  |  | (14,225 | ) |  |  | 49,343 |
Accumulated depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | (6,055 | ) |  |  | (2,696 | ) |  |  | (2,504 | ) |  |  | (1,370 | ) |  |  | (987 | ) |  |  | (9 | ) |  |  | 640 |  |  |  | (12,981 | )
Modifications |  |  | 23 |  |  |  | — |  |  |  | 278 |  |  |  | 147 |  |  |  | 236 |  |  |  | 6 |  |  |  | — |  |  |  | 690 |
Charge from asset retirement obligation |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 33 |
Terminations |  |  | 1,292 |  |  |  | 220 |  |  |  | 10 |  |  |  | 208 |  |  |  | 183 |  |  |  | — |  |  |  | (129 | ) |  |  | 1,784 |
Depreciation from continuing operations (Notes 2 and 3) |  |  | (5,493 | ) |  |  | (822 | ) |  |  | (940 | ) |  |  | (617 | ) |  |  | (332 | ) |  |  | (36 | ) |  |  | 1,342 |  |  |  | (6,898 | )
Depreciation from discontinued operations (Notes 2 and 3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (19 | ) |  |  | — |  |  |  | — |  |  |  | (19 | )
Reclassification to ROU assets classified as held-for-sale |  |  | 765 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 765 |
Balances at end of the year |  |  | (9,452 | ) |  |  | (3,298 | ) |  |  | (3,156 | ) |  |  | (1,632 | ) |  |  | (902 | ) |  |  | (39 | ) |  |  | 1,853 |  |  |  | (16,626 | )
Net book value as at December 31, 2023 |  |  | 43,234 |  |  |  | 1,007 |  |  |  | 208 |  |  |  | 369 |  |  |  | 257 |  |  |  | 14 |  |  |  | (12,372 | ) |  |  | 32,717 |
Summary of Amounts Recognized in Consolidated Income Statements | The following amounts are recognized in our consolidated income statements for the years ended December 31, 2023, 2022 and 2021:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  |  |  | (in million pesos) |  |
Depreciation expense of ROU assets from continuing operations (Note 3) |  |  | 6,898 |  |  |  | 5,661 |  |  |  | 5,330 |
Depreciation expense of ROU assets from discontinued operations (Notes 2 and 3) |  |  | 19 |  |  |  | 55 |  |  |  | 58 |
Interest expense on lease liabilities from continuing operations (Note 5) |  |  | 3,266 |  |  |  | 2,057 |  |  |  | 1,158 |
Interest expense on lease liabilities from discontinued operations |  |  | 2 |  |  |  | 7 |  |  |  | 12 |
Variable lease payments (included in general and administrative expenses) from continuing operations |  |  | 656 |  |  |  | 587 |  |  |  | 780 |
Variable lease payments (included in general and administrative expenses) from discontinued operations |  |  | (2 | ) |  |  | 2 |  |  |  | (9 | )
Expenses relating to short-term leases (included in general and administrative expenses) (Note 5) |  |  | 714 |  |  |  | 1,440 |  |  |  | 1,459 |
Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5) |  |  | 2 |  |  |  | 2 |  |  |  | 1 |
Total amount recognized in consolidated income statements |  |  | 11,555 |  |  |  | 9,811 |  |  |  | 8,789 |
Schedule of Changes in Lease Liabilities | Our consolidated rollforward analysis of lease liabilities as at December 31, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
|  | (in million pesos) |
Balances at beginning of the year |  |  | 42,435 |  |  |  | 21,686 |
Additions (Note 28) |  |  | 15,759 |  |  |  | 34,277 |
Accretion on lease liabilities from continuing operations (Note 5) |  |  | 3,266 |  |  |  | 2,057 |
Accretion on lease liabilities from discontinued operations |  |  | 2 |  |  |  | 7 |
Business combination |  |  | — |  |  |  | 46 |
Reclassification to lease liabilities classified as held-for-sale |  |  | (1,503 | ) |  |  | (1,668 | )
Foreign exchange gains – net |  |  | 1 |  |  |  | 215 |
Lease modifications |  |  | (933 | ) |  |  | 317 |
Termination |  |  | (774 | ) |  |  | (6,171 | )
Settlement of obligations |  |  | (10,707 | ) |  |  | (8,331 | )
Balances at end of the year (Notes 3 and 28) |  |  | 47,546 |  |  |  | 42,435 |
Less current portion of lease liabilities (Note 27) |  |  | 5,921 |  |  |  | 10,477 |
Noncurrent portion of lease liabilities (Note 27) |  |  | 41,625 |  |  |  | 31,958 |

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