Credit Losses on Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

Schedule of Financing Receivable, Allowance for Credit Loss

The following table presents the activity of our allowance for credit losses by accounts receivable portfolio for the nine months ended September 30, 2023:

	Business		Mass Markets	Total
	(Dollars in millions)
As of December 31, 2022(1)	$	57	28	85
Provision for expected losses	27		50	77
Write-offs charged against the allowance	(37)		(51)	(88)
Recoveries collected	5		2	7
Change in allowance in assets held for sale	1		—	1
Ending balance at September 30, 2023(1)	$	53	29	82

______________________________________________________________________

(1)As of September 30, 2023 and December 31, 2022, these amounts excluded $4 million and $5 million of allowance for credit losses classified as held for sale related to the EMEA business included in the Business portfolio. See Note 2—Planned Divestiture of the EMEA Business.