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Equipment Installment Plans (Table)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Equipment installment plan receivables
The following table summarizes equipment installment plan receivables.
March 31, 2024December 31, 2023
(Dollars in millions)  
Equipment installment plan receivables, gross$1,120 $1,151 
Allowance for credit losses(88)(90)
Equipment installment plan receivables, net$1,032 $1,061 
Net balance presented in the Consolidated Balance Sheet as:
Accounts receivable — Customers and agents (Current portion)$570 $577 
Other assets and deferred charges (Non-current portion)462 484 
Equipment installment plan receivables, net$1,032 $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:
March 31, 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$957 $84 $15 $4 $1,060 $977 $88 $16 $4 $1,085 
Billed — current38 4 1 — 43 35 5 2 1 43 
Billed — past due9 5 2 1 17 12 7 3 1 23 
Total$1,004 $93 $18 $5 $1,120 $1,024 $100 $21 $6 $1,151 
The balance of the equipment installment plan receivables as of March 31, 2024 on a gross basis by year of origination were as follows:
2021202220232024
Total
(Dollars in millions)
Lowest Risk$18 $328 $510 $148 $1,004 
Lower Risk1 20 56 16 93 
Slight Risk— 2 10 6 18 
Higher Risk— 1 3 1 5 
Total$19 $351 $579 $171 $1,120 
Equipment installment plans allowance for credit losses
The write-offs, net of recoveries for the three months ended March 31, 2024 on a gross basis by year of origination were as follows:
202120222023
Total
(Dollars in millions)
Write-offs, net of recoveries$1 $8 $15 $24 
Activity for the three months ended March 31, 2024 and 2023, in the allowance for credit losses for equipment installment plan receivables was as follows:
 March 31, 2024March 31, 2023
(Dollars in millions)  
Allowance for credit losses, beginning of period$90 $96 
Bad debts expense22 18 
Write-offs, net of recoveries(24)(20)
Allowance for credit losses, end of period$88 $94