Sales Of Receivables (Tables)

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Schedule of Finance Receivables

The following table sets forth a summary of the equipment installment receivables and accounts being serviced:

	September 30, 2022		December 31, 2021
Gross receivables:	$	4,309	$	4,361
Balance sheet classification
Accounts receivable
Notes receivable	1,894		1,846
Trade receivables	693		606
Other Assets
Noncurrent notes and trade receivables	1,722		1,909
Outstanding portfolio of receivables derecognized from our consolidated balance sheets	10,049		9,767
Cash proceeds received, net of remittances1	8,180		6,644
1Represents amounts to which financial institutions remain entitled, excluding the deferred purchase price.

The following table sets forth a summary of equipment installment receivables sold under this program during the three and nine months ended September 30, 2022 and 2021:

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Gross receivables sold	$	2,698	$	2,123	$	8,950	$	8,067
Net receivables sold1	2,590		2,069		8,623		7,858
Cash proceeds received	2,664		1,981		8,598		7,231
Deferred purchase price recorded	—		158		245		864
Guarantee obligation recorded	173		94		469		321
1Receivables net of allowance, imputed interest and equipment trade-in right guarantees.

The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated deferred purchase price during the three and nine months ended September 30, 2022 and 2021:

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Fair value of repurchased receivables	$	1,386	$	471	$	3,314	$	1,094
Carrying value of deferred purchase price	1,395		440		3,335		1,019
Gain (loss) on repurchases1	$	(9)	$	31	$	(21)	$	75
1These gains (losses) are included in “Selling, general and administrative” in the consolidated statements of income.

Schedule of Receivables Sold