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Sales Of Receivables (Tables)
9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Finance Receivables
The following table sets forth a summary of cash proceeds received, net of remittances paid, from sales of receivables:
Three months endedNine months ended
September 30,September 30,
2024202320242023
Net cash received (paid) from equipment installment
   receivables program1
$(568)$293 $(1,121)$233 
Net cash received (paid) from revolving receivables program
938 479 1,185 1,479 
Net cash received (paid) from other programs
 (376) (632)
Total net cash impact to cash flows from operating activities2
$370 $396 $64 $1,080 
1Cash from initial sales of $2,442 and $2,937 for the three months and $7,848 and $8,122 for the nine months ended September 30, 2024 and 2023, respectively.
2Net of facility fees.
The following table sets forth a summary of the receivables and accounts being serviced:
 September 30, 2024December 31, 2023
 Equipment Equipment 
 InstallmentRevolvingInstallmentRevolving
Gross receivables:$2,940 $195 $3,714 $924 
Balance sheet classification
   Accounts receivable
     Notes receivable1,665  1,695 — 
     Trade receivables200 195 548 924 
   Other Assets
     Noncurrent notes and trade receivables1,075  1,471 — 
Outstanding portfolio of receivables derecognized from
our consolidated balance sheets
$11,872 $2,770 $12,027 $1,500 
Cash proceeds received, net of remittances1
8,470 2,770 9,361 1,500 
1Represents amounts to which financial institutions remain entitled, excluding the beneficial interests.
The following table sets forth a summary of equipment installment receivables sold under this program:
 Three months endedNine months ended
 September 30,September 30,
 2024202320242023
Gross receivables sold1
$2,469 $2,968 $7,930 $8,215 
Net receivables sold2
2,340 2,842 7,535 7,834 
Cash proceeds received2,442 2,937 7,848 8,122 
Guarantee obligation recorded199 249 682 697 
1Receivables net of promotion credits.
2Receivables net of allowance and other reserves.
The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated beneficial interests:
 Three months endedNine months ended
 September 30,September 30,
 2024202320242023
Fair value of repurchased receivables$951 $732 $2,393 $2,038 
Carrying value of beneficial interests956 740 2,420 2,051 
Gain (loss) on repurchases1
$(5)$(8)$(27)$(13)
1These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income.
Schedule of Receivables Sold
The following table sets forth a summary of the revolving receivables sold:
 Three months endedNine months ended
 September 30,September 30,
 2024202320242023
Gross receivables sold/cash proceeds received1
$5,620 $4,053 $14,466 $5,053 
Total collections under revolving agreement
4,650 3,553 13,196 3,553 
Net cash proceeds received
$970 $500 $1,270 $1,500 
Net receivables sold2
$5,463 $3,958 $14,075 $4,940 
1Includes initial sales of receivables of $970 and $500 for the three months and $1,270 and $1,500 for the nine months ended September 30, 2024 and 2023, respectively.
2Receivables net of allowance and other reserves.