New Accounting Pronouncements (Tables)

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Schedule of Adjustments for Changes in Accounting Standards Updates

The cumulative after-tax effect of the changes made to our consolidated balance sheet for the adoption of Topic 606 and other ASUs effective for the Company on April 1, 2018 were as follows:

				Adjustments due to
	March 31, 2018			Topic 606			Other ASUs			April 1, 2018
	(in millions)
ASSETS
Current assets:
Accounts and notes receivable, net	$	3,711		$	97		$	—		$	3,808
Device and accessory inventory	1,003			(24		)	—			979
Prepaid expenses and other current assets	575			271			—			846
Costs to acquire a customer contract	—			1,219			—			1,219
Other assets	921			43			—			964
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accrued expenses and other current liabilities	$	3,962		$	(35	)	$	—		$	3,927
Deferred tax liabilities	7,294			366			—			7,660
Other liabilities	3,483			(32		)	—			3,451
Stockholders' equity:
(Accumulated deficit) retained earnings	(1,255		)	1,307			8			60
Accumulated other comprehensive loss	(313		)	—			(8		)	(321		)

A reconciliation of the adjustments from the adoption of Topic 606 relative to Topic 605 on our consolidated statements of comprehensive income and balance sheet were as follows:

	Three Months Ended June 30, 2018
	As reported			Balances without adoption of Topic 606			Change
	(in millions, except per share amounts)
Net operating revenues:
Service revenue	$	5,740		$	5,883		$	(143	)
Equipment sales	1,173			892			281
Equipment rentals	1,212			1,228			(16		)
	8,125			8,003			122
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	1,677			1,688			(11		)
Cost of equipment sales	1,270			1,248			22
Cost of equipment rentals (exclusive of depreciation below)	124			124			—
Selling, general and administrative	1,867			1,948			(81		)
Depreciation - network and other	1,023			1,023			—
Depreciation - equipment rentals	1,136			1,136			—
Amortization	171			171			—
Other, net	42			42			—
	7,310			7,380			(70		)
Operating income	815			623			192
Total other expense	(595		)	(595		)	—
Income before income taxes	220			28			192
Income tax expense	(47		)	(7		)	(40		)
Net income	173			21			152
Less: Net loss attributable to noncontrolling interests	3			3			—
Net income attributable to Sprint Corporation	$	176		$	24		$	152
Basic net income per common share	$	0.04		$	0.01		$	0.03
Diluted net income per common share	$	0.04		$	0.01		$	0.03
Basic weighted average common shares outstanding	4,010			4,010			—
Diluted weighted average common shares outstanding	4,061			4,061			—

	June 30, 2018
	As reported		Balances without adoption of Topic 606			Change
	(in millions)
ASSETS
Current assets:
Accounts and notes receivable	$	3,492	$	3,404		$	88
Device and accessory inventory	622		644			(22		)
Prepaid expenses and other current assets	895		557			338
Costs to acquire a customer contract	1,294		—			1,294
Other assets	1,023		919			104
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accrued expenses and other current liabilities	$	3,658	$	3,690		$	(32	)
Deferred tax liabilities	7,704		7,298			406
Other liabilities	3,382		3,413			(31		)
Stockholders' equity:
Retained earnings (accumulated deficit)	236		(1,223		)	1,459