Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2021



	Successor		Predecessor

	For the two months		For the one month		For the three months
	ended June 30,		ended April 30,		ended June 30,
($ in millions)	2021		2021		2020

Data and Internet services	$	556	$	283	$	874
Voice services		283		160		523
Video services		105		54		200
Other		62		30		108
Revenue from contracts with customers ⁽¹⁾		1,006		527		1,705
Subsidy and other revenue ⁽²⁾		55		28		96
Total revenue	$	1,061	$	555	$	1,801

	Successor		Predecessor

	For the two months		For the one month		For the three months
	ended June 30,		ended April 30,		ended June 30,
($ in millions)	2021		2021		2020

Consumer ⁽³⁾	$	543	$	283	$	904
Business and wholesale ⁽³⁾		463		244		801
Revenue from contracts with customers ⁽¹⁾		1,006		527		1,705
Subsidy and other revenue ⁽²⁾		55		28		96
Total revenue	$	1,061	$	555	$	1,801

	Successor		Predecessor

	For the two months		For the four months		For the six months
	ended June 30,		ended April 30,		ended June 30,
($ in millions)	2021		2021		2020

Data and Internet services	$	556	$	1,125	$	1,806
Voice services		283		647		1,095
Video services		105		223		422
Other		62		125		225
Revenue from contracts with customers ⁽¹⁾		1,006		2,120		3,548
Subsidy and other revenue ⁽²⁾		55		111		186
Total revenue	$	1,061	$	2,231	$	3,734

	Successor		Predecessor

	For the two months		For the four months		For the six months
	ended June 30,		ended April 30,		ended June 30,
($ in millions)	2021		2021		2020

Consumer ⁽³⁾	$	543	$	1,133	$	1,881
Business and wholesale ⁽³⁾		463		987		1,667
Revenue from contracts with customers ⁽¹⁾		1,006		2,120		3,548
Subsidy and other revenue ⁽²⁾		55		111		186
Total revenue	$	1,061	$	2,231	$	3,734

⁽¹⁾Lease revenue included in Revenue from contracts with customers was $11 million for the two months ended June 30, 2021, $5 million and $26 million for the one and four months ended April 30, 2021, respectively, and $17 million and $34 million for the three and six months ended June 30, 2020, respectively.

⁽²⁾Includes $10 million in transition services revenue in connection with the divestiture of the Northwest Operations for the three and six months ended June 30, 2020.

⁽³⁾Due to changes in methodology during the second quarter of 2021, historical periods have been updated to reflect the comparable amounts.

Changes In Contract Assets And Contract Liabilities



	Contract Assets				Contract Liabilities
($ in millions)	Current		Noncurrent		Current		Noncurrent

Balance at December 31, 2020 (Predecessor)	$	6	$	9	$	58	$	20
Revenue recognized included
in opening contract balance		(4)		-		(23)		(3)
Cash received, excluding amounts
recognized as revenue		-		-		22		2
Credits granted, excluding amounts
recognized as revenue		-		-		-		-
Reclassified between current
and concurrent		-		-		-		-
Balance at April 30, 2021 (Predecessor)	$	2	$	9	$	57	$	19
Fresh start accounting adjustments		(2)		(9)		(42)		(18)
Balance at April 30, 2021 (Predecessor)	$	-	$	-	$	15	$	1


Balance at April 30, 2021 (Successor)	$	-	$	-	$	15	$	1
Revenue recognized included
in opening contract balance		-		-		(4)		(1)
Cash received, excluding amounts
recognized as revenue		-		-		8		4
Credits granted, excluding amounts
recognized as revenue		-		-		-		-
Reclassified between current
and concurrent		-		-		(1)		1
Balance at June 30, 2021 (Successor)	$	-	$	-	$	18	$	5

	Contract Assets				Contract Liabilities
($ in millions)	Current		Noncurrent		Current		Noncurrent

Balance at December 31, 2019 (Predecessor)	$	37	$	8	$	41	$	21
Revenue recognized included
in opening contract balance		(18)		-		(33)		(7)
Cash received, excluding amounts
recognized as revenue		-		-		42		7
Credits granted, excluding amounts
recognized as revenue		1		-		-		-
Reclassified between current
and concurrent		-		-		1		(1)
Balance at June 30, 2020 (Predecessor)	$	20	$	8	$	51	$	20

Performance Obligations, Revenue


	Successor
($ in millions)	Revenue from contracts with customers
2021 (remaining six months)	$	546
2022		474
2023		291
2024		130
2025		77
Thereafter		126
Total	$	1,644