Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

Summary of Changes in Property and Equipment Account

Changes in property and equipment account for the years ended December 31, 2023, 2022 and 2021 are as follows:

	Cable and wire facilities			Central equipment			Network facilities			Buildings			Vehicles, furniture and other network equipment			Information Origination Termination			Land and land improvements			IT systems and platforms			Security platforms			Property under construction			Total
	(in million pesos)
December 31, 2021
Cost		229,160			5,896			327,195			26,838			40,586			62,595			4,451			27,099			355			56,510			780,685
Accumulated depreciation, impairment and amortization		(157,627	)		(3,144	)		(208,606	)		(19,422	)		(35,347	)		(34,745	)		(288	)		(18,593	)		(177	)		—			(477,949	)
Net book value		71,533			2,752			118,589			7,416			5,239			27,850			4,163			8,506			178			56,510			302,736
December 31, 2022
Net book value at beginning of the year		71,533			2,752			118,589			7,416			5,239			27,850			4,163			8,506			178			56,510			302,736
Additions (Note 4)		194			265			3,656			31			731			6,389			28			8			—			85,508			96,810
Telecom assets additions subject to subsequent    sale and leaseback from tower companies		—			—			16,841			—			—			—			—			—			—			—			16,841
Disposals/retirements		(5	)		—			(6,529	)		(1	)		(158	)		—			(7	)		(20	)		—			(7,976	)		(14,696	)
Reclassifications		11			—			—			—			—			—			—			—			—			(11	)		—
Reclassifications to assets classified as held-for-sale		—			—			(12,372	)		—			—			—			—			—			—			(3,641	)		(16,013	)
Impairment losses recognized during the year     from continuing operations (Note 5)		(112	)		—			(66	)		—			(104	)		—			—			—			—			—			(282	)
Impairment losses recognized during the year    from discontinued operations		—			—			—			—			(27	)		—			—			—			—			—			(27	)
Transfers and others		32,323			666			24,155			724			412			8,445			120			8,092			21			(74,958	)		—
Translation differences charged directly    to cumulative translation adjustments		—			—			—			—			1			—			—			1			—			—			2
Other adjustments		7			512			-			(2	)		(240	)		—			—			—			—			(5	)		272
Acquisition through business combinations		—			—			—			23			77			—			—			—			—			—			100
Depreciation and amortization from    continuing operations (Notes 2 and 3)		(32,994	)		(580	)		(42,311	)		(1,544	)		(1,756	)		(7,898	)		(32	)		(5,789	)		(66	)		—			(92,970	)
Depreciation and amortization from    discontinued operations (Notes 2 and 3)		—			(9	)		—			(1	)		(18	)		—			—			—			—			—			(28	)
Net book value at end of the year		70,957			3,606			101,963			6,646			4,157			34,786			4,272			10,798			133			55,427			292,745
December 31, 2022
Cost		261,429			7,338			328,729			26,788			40,572			77,429			4,591			35,095			377			55,427			837,775
Accumulated depreciation, impairment and amortization		(190,472	)		(3,732	)		(226,766	)		(20,142	)		(36,415	)		(42,643	)		(319	)		(24,297	)		(244	)		-			(545,030	)
Net book value		70,957			3,606			101,963			6,646			4,157			34,786			4,272			10,798			133			55,427			292,745
December 31, 2023
Net book value at beginning of the year		70,957			3,606			101,963			6,646			4,157			34,786			4,272			10,798			133			55,427			292,745
Additions (Note 4)		5,221			19			4,913			108			529			7,945			212			952			11			65,173			85,083
Disposals/retirements		(1	)		—			(17	)		(8	)		(119	)		—			(320	)		(6	)		—			—			(471	)
Reclassification		—			—			1,311			—			—			(24,470	)		—			—			—			(15,269	)		(38,428	)
Transfers and others		14,484			—			10,245			2,291			321			204			68			8,364			1,210			(37,187	)		—
Translation differences charged directly    to cumulative translation adjustments		1			—			—			—			1			—			—			—			—			—			2
Adjustments		—			(3,055	)		—			13			1			(83	)		(45	)		3,106			84			(304	)		(283	)
Depreciation and amortization from    continuing operations (Notes 2 and 3)		(9,435	)		(186	)		(16,474	)		(1,071	)		(1,234	)		(18,382	)		(65	)		(4,420	)		(276	)		—			(51,543	)
Depreciation and amortization from    discontinued operations (Notes 2 and 3)		—			—			—			—			(2	)		—			—			—			—			—			(2	)
Net book value at end of the year		81,227			384			101,941			7,979			3,654			—			4,122			18,794			1,162			67,840			287,103
December 31, 2023
Cost		280,237			683			344,218			28,881			40,387			—			4,504			50,344			1,914			67,840			819,008
Accumulated depreciation, impairment and amortization		(199,010	)		(299	)		(242,277	)		(20,902	)		(36,733	)		—			(382	)		(31,550	)		(752	)		—			(531,905	)
Net book value		81,227			384			101,941			7,979			3,654			—			4,122			18,794			1,162			67,840			287,103

Summary of Estimated Useful Lives of Property and Equipment

As at December 31, 2023, the estimated useful lives of our property and equipment are as follows:

Cable and wire facilities	5 – 15 years
Central equipment	3 – 15 years
Network facilities	3 – 20 years
Buildings	25 – 50 years
Vehicles, furniture and other network equipment	3 – 15 years
Information origination and termination equipment	5 – 15 years
Land and land improvements	10 years
IT systems and platforms	5 years
Security platforms	3 – 5 years
Leasehold improvements	3 – 10 years or the term of the lease, whichever is shorter

Summary of Completed Sales

The following summarizes the completed sale of Smart and DMPI telecom towers as at December 31, 2023:

Closing Date	Number of Tower Assets Sold		Cash Consideration		Net Book Value of Tower Assets (excluding taxes)
			(in million pesos)
2022		4,665		60,492		22,874
2023		1,705		22,465		13,377
		6,370		82,957		36,251