Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2022

Revenue Recognition [Abstract]

Disaggregation Of Revenue

	Successor
	For the three months ended September 30,		For the three months ended September 30,
($ in millions)	2022		2021
Data and Internet services	$	848	$	834
Voice services		369		411
Video services		127		149
Other		82		99
Revenue from contracts with customers (1)		1,426		1,493
Subsidy and other revenue (2)		18		83
Total revenue	$	1,444	$	1,576
	Successor
	For the three months ended September 30,		For the three months ended September 30,
($ in millions)	2022		2021
Consumer	$	785	$	800
Business and wholesale		641		693
Revenue from contracts with customers (1)		1,426		1,493
Subsidy and other revenue (2)		18		83
Total revenue	$	1,444	$	1,576

	Successor				Predecessor
	For the nine months ended September 30,		For the five months ended September 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Data and Internet services	$	2,531	$	1,390	$	1,125
Voice services		1,136		694		647
Video services		398		254		223
Other		245		161		125
Revenue from contracts with customers (1)		4,310		2,499		2,120
Subsidy and other revenue (2)		40		138		111
Total revenue	$	4,350	$	2,637	$	2,231
	Successor				Predecessor
	For the nine months ended September 30,		For the five months ended September 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Consumer	$	2,352	$	1,343	$	1,133
Business and wholesale		1,958		1,156		987
Revenue from contracts with customers (1)		4,310		2,499		2,120
Subsidy and other revenue (2)		40		138		111
Total revenue	$	4,350	$	2,637	$	2,231

⁽¹⁾Includes lease revenue of $15 million and $16 million for the three months ended September 30, 2022 and 2021, respectively; and $48 million for the nine months ended September 30, 2022. Lease revenue was $26 million for the five months ended September 30, 2021, and $26 million for the four months ended April 30, 2021.

⁽²⁾Subsidy and other revenue for the three and nine months ended September 30, 2022, does not include revenue from CAF II as the program ended in 2021. We began to receive funding for RDOF in the second quarter of 2022.

Changes In Contract Assets And Contract Liabilities

	Contract Assets				Contract Liabilities
($ in millions)	Current		Noncurrent		Current		Noncurrent
Balance at December 31, 2021 (Successor)	$	-	$	-	$	27	$	11
Revenue recognized included
in opening contract balance		-		-		(21)		(8)
Credits granted, excluding amounts
recognized as revenue		-		-		17		17
Reclassified between current
and noncurrent		-		-		4		(4)
Balance at September 30, 2022 (Successor)	$	-	$	-	$	27	$	16
	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
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		-		-		(13)		(1)
Cash received, excluding amounts
recognized as revenue		-		-		17		9
Reclassified between current
and noncurrent		-		-		1		(1)
Balance at September 30, 2021 (Successor)	$	-	$	-	$	20	$	8

Performance Obligations, Revenue

($ in millions)	Revenue from contracts with customers
2022 (remaining three months)	$	320
2023		410
2024		273
2025		137
2026		80
Thereafter		87
Total	$	1,307