Sales Of Receivables (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2023 and 2022:

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Net cash (paid) received from equipment installment    receivables1	$	293	$	450	$	233	$	1,543
Net cash received from other programs2	103		307		847		636
Total net cash impact to cash flows from operating activities	$	396	$	757	$	1,080	$	2,179
1Cash from initial sales of $2,937 and $2,664 for the three months and $8,122 and $8,598 for the nine months ended September 30, 2023 and 2022, respectively.
2Certain transferred receivables are guaranteed by a subsidiary that holds additional receivables in the amount of $823, which are pledged as collateral and represent our maximum exposure to loss.

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

	September 30, 2023		December 31, 2022
Gross receivables:	$	3,586	$	4,165
Balance sheet classification
Accounts receivable
Notes receivable	1,366		1,789
Trade receivables	531		522
Other Assets
Noncurrent notes and trade receivables	1,689		1,854
Outstanding portfolio of receivables derecognized from our consolidated balance sheets	$	11,790	$	11,030
Cash proceeds received, net of remittances1	8,918		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 and nine months ended September 30, 2023 and 2022:

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Gross receivables sold1	$	2,968	$	2,698	$	8,215	$	8,950
Net receivables sold2	2,842		2,590		7,834		8,623
Cash proceeds received	2,937		2,664		8,122		8,598
Deferred purchase price recorded	—		—		—		245
Guarantee obligation recorded	249		173		697		469
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 and nine months ended September 30, 2023 and 2022:

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Fair value of repurchased receivables	$	732	$	1,386	$	2,038	$	3,314
Carrying value of deferred purchase price	740		1,395		2,051		3,335
Gain (loss) on repurchases1	$	(8)	$	(9)	$	(13)	$	(21)
1These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income.

Schedule of Receivables Sold