Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

The following tables summarize our segment results for the three and six months ended June 30, 2023 and 2022, based on the segment categorization we were operating under at June 30, 2023.


	Three Months Ended June 30, 2023			Six Months Ended June 30, 2023
	Business		Mass Markets	Business	Mass Markets
	(Dollars in millions)
Segment revenue	$	2,897	764	5,853	1,546
Segment expenses:
Cost of services and products	746		24	1,547	49
Selling, general and administrative	302		329	592	654


Total segment expense	1,048		353	2,139	703
Total segment adjusted EBITDA	$	1,849	411	3,714	843


	Three Months Ended June 30, 2022			Six Months Ended June 30, 2022
	Business		Mass Markets	Business	Mass Markets
	(Dollars in millions)
Segment revenue	$	3,417	1,195	6,818	2,470
Segment expenses:
Cost of services and products	845		33	1,657	65
Selling, general and administrative	313		418	635	813

Total segment expense	1,158		451	2,292	878
Total segment adjusted EBITDA	$	2,259	744	4,526	1,592

Schedule of Reconciliation of Operating Profit (Loss) From Segments to Consolidated Net Income

The following table reconciles total segment adjusted EBITDA to net (loss) income for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,			Six Months Ended June 30,
	2023		2022	2023	2022
	(Dollars in millions)
Total segment adjusted EBITDA	$	2,260	3,003	4,557	6,118
Depreciation and amortization	(746)		(827)	(1,479)	(1,635)
Goodwill impairment	(8,793)		—	(8,793)	—
Other unallocated expense	(1,133)		(1,239)	(2,293)	(2,440)
Stock-based compensation	(9)		(25)	(23)	(48)
Operating (loss) income	(8,421)		912	(8,031)	1,995
Total other (expense) income, net	(269)		(459)	21	(741)
(Loss) income before income taxes	(8,690)		453	(8,010)	1,254
Income tax expenses	46		109	215	311
Net (loss) income	$	(8,736)	344	(8,225)	943