Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2022

Revenue Recognition [Abstract]

Disaggregation Of Revenue

	Successor		Successor		Predecessor
	For the three months ended June 30,		For the two months ended June 30,		For the one month ended April 30,
($ in millions)	2022		2021		2021
Data and Internet services	$	847	$	556	$	283
Voice services		381		283		160
Video services		134		105		54
Other		80		62		30
Revenue from contracts with customers (1)		1,442		1,006		527
Subsidy and other revenue (2)		17		55		28
Total revenue	$	1,459	$	1,061	$	555
	Successor		Successor		Predecessor
	For the three months ended June 30,		For the two months ended June 30,		For the one month ended April 30,
($ in millions)	2022		2021		2021
Consumer	$	791	$	543	$	283
Business and wholesale		651		463		244
Revenue from contracts with customers (1)		1,442		1,006		527
Subsidy and other revenue (2)		17		55		28
Total revenue	$	1,459	$	1,061	$	555

‎

	Successor		Successor		Predecessor
	For the six months ended June 30,		For the two months ended June 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Data and Internet services	$	1,683	$	556	$	1,125
Voice services		767		283		647
Video services		271		105		223
Other		163		62		125
Revenue from contracts with customers (1)		2,884		1,006		2,120
Subsidy and other revenue (2)		22		55		111
Total revenue	$	2,906	$	1,061	$	2,231
	Successor		Successor		Predecessor
	For the six months ended June 30,		For the two months ended June 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Consumer	$	1,567	$	543	$	1,133
Business and wholesale		1,317		463		987
Revenue from contracts with customers (1)		2,884		1,006		2,120
Subsidy and other revenue (2)		22		55		111
Total revenue	$	2,906	$	1,061	$	2,231

⁽¹⁾Lease revenue included in “Revenue from contracts with customers” was $16 million and $32 million for the three and six months ended June 30, 2022, respectively, $11 million for the two months ended June 30, 2021, and $5 million and $26 million for the one and four months ended April 30, 2021, respectively.

⁽²⁾Subsidy and other revenue for the three and six months ended June 30, 2022, does not include revenue from CAF II as the program ended in 2021. We began to receive funding for RDOF in the second quarter of 2022.

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		-		-		(20)		(5)
Credits granted, excluding amounts
recognized as revenue		-		-		18		11
Reclassified between current
and noncurrent		-		-		2		(2)
Balance at June 30, 2022 (Successor)	$	-	$	-	$	27	$	15
	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)		-		(23)		(3)
Cash received, excluding amounts
recognized as revenue		-		-		22		2
Balance at April 30, 2021 (Predecessor)	$	2	$	9	$	57	$	19
Fresh start accounting adjustments		(2)		(9)		(42)		(18)
Balance at April 30, 2021 (Predecessor)	$	-	$	-	$	15	$	1
Balance at April 30, 2021 (Successor)	$	-	$	-	$	15	$	1
Revenue recognized included
in opening contract balance		-		-		(4)		(1)
Cash received, excluding amounts
recognized as revenue		-		-		8		4
Reclassified between current
and noncurrent		-		-		(1)		1
Balance at June 30, 2021 (Successor)	$	-	$	-	$	18	$	5

Performance Obligations, Revenue

($ in millions)	Revenue from contracts with customers
2022 (remaining six months)	$	461
2023		407
2024		270
2025		135
2026		83
Thereafter		91
Total	$	1,447