Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022


	Successor		Predecessor
	For the three months ended March 31,		For the three months ended March 31,
($ in millions)	2022		2021 ⁽²⁾

Data and Internet services	$	836	$	842
Voice services		386		487
Video services		137		169
Other		83		95
Revenue from contracts with customers ⁽¹⁾		1,442		1,593
Subsidy and other revenue ⁽³⁾		5		83
Total revenue	$	1,447	$	1,676

	Successor		Predecessor
	For the three months ended March 31,		For the three months ended March 31,
($ in millions)	2022		2021 ⁽²⁾

Consumer	$	776	$	850
Commercial		666		743
Revenue from contracts with customers ⁽¹⁾		1,442		1,593
Subsidy and other revenue ⁽³⁾		5		83
Total revenue	$	1,447	$	1,676

⁽¹⁾Lease revenue included in Revenue from contracts with customers was $16 million for both the three months ended March 31, 2022 and 2021, respectively.

⁽²⁾Due to changes in methodology during the second quarter of 2021, historical periods have been updated to reflect the comparable amounts.

⁽³⁾Subsidy and other revenue for the three months ended March 31, 2022, does not include revenue from CAF II as the program ended in 2021.

Changes In Contract Assets And Contract Liabilities


	Contract Assets				Contract Liabilities
($ in millions)	Current		Noncurrent		Current		Noncurrent

Balance at December 31, 2021 (Successor)	$	-	$	-	$	27	$	11
Revenue recognized included
in opening contract balance		-		-		(9)		(3)
Credits granted, excluding amounts
recognized as revenue		-		-		9		5
Balance at March 31, 2022 (Successor)	$	-	$	-	$	27	$	13


	Contract Assets				Contract Liabilities
($ in millions)	Current		Noncurrent		Current		Noncurrent

Balance at December 31, 2020 (Predecessor)	$	6	$	9	$	58	$	20
Revenue recognized included
in opening contract balance		(4)		-		(17)		(2)
Cash received, excluding amounts
recognized as revenue		-		-		17		1
Balance at March 31, 2021 (Predecessor)	$	2	$	9	$	58	$	19

Performance Obligations, Revenue


($ in millions)	Revenue from contracts with customers
2022 (remaining nine months)	$	601
2023		379
2024		221
2025		98
2026		55
Thereafter		84
Total	$	1,438