Sales Of Receivables (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of Finance Receivables

The following table sets forth a summary of cash proceeds received, net of remittances paid, from sales of receivables during the three months ended March 31, 2023 and 2022 that are included in cash flows from operating activities:

	Three months ended
	March 31,
	2023		2022
Net cash received from equipment installment receivables1	$	10	$	1,026
Net cash (paid) received from other programs	(114)		288
Total net cash impact to cash flows from operating activities	$	(104)	$	1,314
1Net cash from initial sales of $2,529 and $3,316 during the three months ended March 31, 2023 and 2022, respectively.

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

	March 31, 2023		December 31, 2022
Gross receivables:	$	4,109	$	4,165
Balance sheet classification
Accounts receivable
Notes receivable	1,387		1,789
Trade receivables	610		522
Other Assets
Noncurrent notes and trade receivables	2,112		1,854
Outstanding portfolio of receivables derecognized from our consolidated balance sheets	$	11,221	$	11,030
Cash proceeds received, net of remittances1	8,529		8,519
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 months ended March 31, 2023 and 2022:

	Three months ended
	March 31,
	2023		2022
Gross receivables sold1	$	2,560	$	3,601
Net receivables sold2	2,438		3,478
Cash proceeds received	2,529		3,316
Deferred purchase price recorded	—		245
Guarantee obligation recorded	206		152
1Receivables net of promotion credits.
2Receivables 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 months ended March 31, 2023 and 2022:

	Three months ended
	March 31,
	2023		2022
Fair value of repurchased receivables	$	541	$	905
Carrying value of deferred purchase price	542		902
Gain (loss) on repurchases1	$	(1)	$	3
1These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income.

Schedule of Receivables Sold