New Accounting Pronouncements (Tables)

6 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Schedule of Adjustments for Changes in Accounting Standards Updates

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

	Three Months Ended September 30, 2018									Six Months Ended September 30, 2018
	As reported			Balances without adoption of Topic 606			Change			As reported			Balances without adoption of Topic 606			Change
	(in millions, except per share amounts)									(in millions, except per share amounts)
Net operating revenues:
Service	$	5,762		$	5,935		$	(173	)	$	11,502		$	11,818		$	(316	)
Equipment sales	1,418			1,067			351			2,591			1,959			632
Equipment rentals	1,253			1,270			(17		)	2,465			2,498			(33		)
	8,433			8,272			161			16,558			16,275			283
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	1,694			1,714			(20		)	3,371			3,402			(31		)
Cost of equipment sales	1,517			1,468			49			2,787			2,716			71
Cost of equipment rentals (exclusive of depreciation below)	151			151			—			275			275			—
Selling, general and administrative	1,861			1,954			(93		)	3,728			3,902			(174		)
Severance and exit costs	25			25			—			33			33			—
Depreciation - network and other	1,021			1,021			—			2,044			2,044			—
Depreciation - equipment rentals	1,181			1,181			—			2,317			2,317			—
Amortization	159			159			—			330			330			—
Other, net	46			46			—			80			80			—
	7,655			7,719			(64		)	14,965			15,099			(134		)
Operating income	778			553			225			1,593			1,176			417
Total other expense	(554		)	(554		)	—			(1,149		)	(1,149		)	—
Income (loss) before income taxes	224			(1		)	225			444			27			417
Income tax (expense) benefit	(17		)	30			(47		)	(64		)	23			(87		)
Net income	207			29			178			380			50			330
Less: Net income attributable to noncontrolling interests	(11		)	(11		)	—			(8		)	(8		)	—
Net income attributable to Sprint	$	196		$	18		$	178		$	372		$	42		$	330
Basic net income per common share attributable to Sprint	$	0.05		$	—		$	0.05		$	0.09		$	0.01		$	0.08
Diluted net income per common share attributable to Sprint	$	0.05		$	—		$	0.05		$	0.09		$	0.01		$	0.08
Basic weighted average common shares outstanding	4,061			4,061			—			4,036			4,036			—
Diluted weighted average common shares outstanding	4,124			4,124			—			4,095			4,095			—

	September 30, 2018
	As reported		Balances without adoption of Topic 606			Change
	(in millions)
ASSETS
Current assets:
Accounts and notes receivable	$	3,555	$	3,470		$	85
Device and accessory inventory	859		881			(22		)
Prepaid expenses and other current assets	1,121		691			430
Costs to acquire a customer contract	1,379		—			1,379
Other assets	1,163		1,004			159
LIABILITIES AND EQUITY
Current liabilities:
Accrued expenses and other current liabilities	$	3,370	$	3,397		$	(27	)
Deferred tax liabilities	7,704		7,251			453
Other liabilities	3,428		3,460			(32		)
Stockholders' equity:
Retained earnings (accumulated deficit)	432		(1,205		)	1,637

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 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		)