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Component: (Network and Table)
Network
1033 - Disclosure - Wireless Device Payment Plans (Tables)
(http://www.verizon.com/taxonomy/role/NotesToFinancialStatementsFinancingReceivablesTextBlockTables)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000732712 (http://www.sec.gov/CIK)
Legal Entity [Axis]Entity [Domain]
Statement [Line Items]Period [Axis]
2016-01-01 - 2016-12-31
Device Payment Plan Receivables, Net

The following table displays device payment plan receivables, net, that continue to be recognized in our consolidated balance sheets:

 

     (dollars in millions)  
At December 31,    2016     2015  

Device payment plan agreement receivables, gross

    $ 11,797      $ 3,720   

Unamortized imputed interest

      (511 )      (142 ) 
  

 

 

  

Device payment plan agreement receivables, net of unamortized imputed interest

      11,286        3,578   

Allowance for credit losses

      (688 )      (444 ) 
  

 

 

  

Device payment plan agreement receivables, net

    $ 10,598      $ 3,134   
  

 

 

  

Classified on our consolidated balance sheets:

     

Accounts receivable, net

    $ 6,140      $ 1,979   

Other assets

      4,458        1,155   
  

 

 

  

Device payment plan agreement receivables, net

    $         10,598      $         3,134   
  

 

 

  
  
Balance and Aging of Device Payment Plan Agreement Receivables on Gross Basis

The balance and aging of the device payment plan agreement receivables on a gross basis was as follows:

 

     (dollars in millions)  
At December 31,    2016      2015  

Unbilled

    $ 11,089      $ 3,420  

Billed:

      

Current

      557        227  

Past due

      151        73  
  

 

 

  

Device payment plan agreement receivables, gross

    $         11,797      $         3,720  
  
Activity in Allowance for Credit Losses for Device Payment Plan Agreement Receivables

Activity in the allowance for credit losses for the device payment plan agreement receivables was as follows:

 

      (dollars in millions)  

Balance at January 1, 2016

    $ 444  

Bad debt expense

      692  

Write-offs

      (479 ) 

Allowance related to receivables sold

      28  

Other

      3  
  

 

 

  

Balance at December 31, 2016

    $         688