XML 84 R51.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of segment information
The following tables summarize our segment results for 2022, 2021 and 2020 based on the segment categorization we were operating under at December 31, 2022.
Year Ended December 31, 2022
BusinessMass MarketsTotal SegmentsOperations and OtherTotal
(Dollars in millions)
Revenue:$13,039 4,439 17,478 — 17,478 
Expenses:
Cost of services and products3,260 123 3,383 4,485 7,868 
Selling, general and administrative1,101 562 1,663 1,415 3,078 
Gain on sale of businesses— — — (773)(773)
Loss on disposal groups held for sale— — — 700 700 
Less: stock-based compensation— — — (98)(98)
Total expense4,361 685 5,046 5,729 10,775 
Total adjusted EBITDA$8,678 3,754 12,432 (5,729)6,703 

Year Ended December 31, 2021
BusinessMass MarketsTotal SegmentsOperations and OtherTotal
(Dollars in millions)
Revenue:$14,119 5,568 19,687 — 19,687 
Expenses:
Cost of services and products3,488 153 3,641 4,847 8,488 
Selling, general and administrative1,178 539 1,717 1,178 2,895 
Less: stock-based compensation— — — (120)(120)
Total expense4,666 692 5,358 5,905 11,263 
Total adjusted EBITDA$9,453 4,876 14,329 (5,905)8,424 
Year Ended December 31, 2020
BusinessMass MarketsTotal SegmentsOperations and OtherTotal
(Dollars in millions)
Revenue:$14,808 5,904 20,712 — 20,712 
Expenses:
Cost of services and products3,661 201 3,862 5,072 8,934 
Selling, general and administrative1,262 581 1,843 1,621 3,464 
Less: stock-based compensation— — — (175)(175)
Total expense4,923 782 5,705 6,518 12,223 
Total adjusted EBITDA$9,885 5,122 15,007 (6,518)8,489 
Schedule of reconciliation from segment income to consolidated net income
The following table reconciles total segment adjusted EBITDA to net (loss) income for the years ended December 31, 2022, 2021 and 2020:
 Years Ended December 31,
 202220212020
 (Dollars in millions)
Total segment adjusted EBITDA$12,432 14,329 15,007 
Depreciation and amortization(3,239)(4,019)(4,710)
Goodwill impairment(3,271)— (2,642)
Operations and other expenses(5,729)(5,905)(6,518)
Stock-based compensation(98)(120)(175)
Operating income95 4,285 962 
Total other expense, net(1,086)(1,584)(1,744)
(Loss) income before income taxes(991)2,701 (782)
Income tax expense557 668 450 
Net (loss) income$(1,548)2,033 (1,232)