Receivables and Related Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of Equipment Installment Plan Receivables

The following table summarizes the EIP receivables, including imputed discounts and related allowance for credit losses:

(in millions)	March 31, 2022		December 31, 2021
EIP receivables, gross	$	8,547	$	8,207
Unamortized imputed discount	(381)		(378)
EIP receivables, net of unamortized imputed discount	8,166		7,829
Allowance for credit losses	(268)		(252)
EIP receivables, net of allowance for credit losses and imputed discount	$	7,898	$	7,577
Classified on the condensed consolidated balance sheets as:
Equipment installment plan receivables, net of allowance for credit losses and imputed discount	$	5,061	$	4,748
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount	2,837		2,829
EIP receivables, net of allowance for credit losses and imputed discount	$	7,898	$	7,577

Schedule of Equipment Installment Plan Receivables by Credit Category

The following table presents the amortized cost of our EIP receivables by delinquency status, customer credit class and year of origination as of March 31, 2022:

	Originated in 2022				Originated in 2021				Originated prior to 2021				Total EIP Receivables, net of unamortized imputed discounts
(in millions)	Prime		Subprime		Prime		Subprime		Prime		Subprime		Prime		Subprime		Grand total
Current - 30 days past due	$	1,434	$	1,053	$	2,895	$	1,736	$	602	$	294	$	4,931	$	3,083	$	8,014
31 - 60 days past due	8		8		25		33		5		6		38		47		85
61 - 90 days past due	1		1		9		15		2		3		12		19		31
More than 90 days past due	—		1		9		16		3		7		12		24		36
EIP receivables, net of unamortized imputed discount	$	1,443	$	1,063	$	2,938	$	1,800	$	612	$	310	$	4,993	$	3,173	$	8,166

Schedule of Unamortized Imputed Discount and Allowance for Credit Losses for Equipment Installment Plan Receivables

Activity for the three months ended March 31, 2022 and 2021, in the allowance for credit losses and unamortized imputed discount balances for the accounts receivable and EIP receivables segments were as follows:

	March 31, 2022						March 31, 2021
(in millions)	Accounts Receivable Allowance		EIP Receivables Allowance		Total		Accounts Receivable Allowance		EIP Receivables Allowance		Total
Allowance for credit losses and imputed discount, beginning of period	$	146	$	630	$	776	$	194	$	605	$	799
Bad debt expense	96		114		210		28		54		82
Write-offs, net of recoveries	(78)		(99)		(177)		(79)		(54)		(133)
Change in imputed discount on short-term and long-term EIP receivables	N/A		30		30		N/A		66		66
Impact on the imputed discount from sales of EIP receivables	N/A		(26)		(26)		N/A		(35)		(35)
Allowance for credit losses and imputed discount, end of period	$	164	$	649	$	813	$	143	$	636	$	779