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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Debt instrument facilities | The fol lowing table summarizes the terms of such revolving credit facilities as of December 31, 2015:
| TDS |  | U.S. Cellular |
(Dollars in millions) |  |  |  |  |  |
Maximum borrowing capacity | $ | 400.0 |  | $ | 300.0 |
Letters of credit outstanding | $ | 0.6 |  | $ | 17.5 |
Amount borrowed | $ | – |  | $ | – |
Amount available for use | $ | 399.4 |  | $ | 282.5 |
Illustrative borrowing rate: One-month London Interbank Offered |  |  |  |  |  |
| Rate ("LIBOR") plus contractual spread 1 |  | 2.18 | % |  | 2.18 | %
| Illustrative LIBOR Rate |  | 0.43 | % |  | 0.43 | %
| Contractual spread |  | 1.75 | % |  | 1.75 | %
Commitment fees on amount available for use 2 |  | 0.30 | % |  | 0.30 | %
Agreement date |  | Dec 2010 |  |  | Dec 2010 |
Maturity date |  | Dec 2017 |  |  | Dec 2017 |
Fees incurred attributable to the Revolving Credit Facility are as follows: |  |  |  |  |  |
| Fees incurred as a percent of Maximum borrowing capacity for 2015 |  | 0.33 | % |  | 0.29 | %
| Fees incurred, amount |  |  |  |  |  |
|  | 2015 | $ | 1.3 |  | $ | 0.9 |
|  | 2014 | $ | 0.9 |  | $ | 3.0 |
|  | 2013 | $ | 0.9 |  | $ | 0.8 |
1 | Borrowings under the revolving credit facility bear interest at LIBOR plus a contractual spread based on TDS' or U.S. Cellular’s credit rating or, at TDS' or U.S. Cellular’s option, an alternate “Base Rate” as defined in the revolving credit agreement. TD S and U.S. Cellular may select a borrowing period of either one, two, three or six months (or other period of twelve months or less if requested by TDS or U.S. Cellular and approved by the lenders).
2 | The revolving credit facility has commitment fees based on the unsecured senior debt ratings assigned to TDS and U.S. Cellular by certain ratings agencies.
Long term debt | Long-term debt as of December 31, 2015 and 2014 was as follows:
|  |  |  |  |  |  | December 31,
|  |  |  |  |  |  |  |  |  |  | 2015 |  | 2014
| Issuance date | Maturity date | Call date |  | Principal Amount |  | Less Unamortized discount and debt issuance costs |  | Total |  | Principal Amount |  | Less Unamortized discount and debt issuance costs | Total
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TDS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Unsecured Senior Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 6.625% | March 2005 |  | March 2045 |  | March 2010 | $ | 116,250 | $ | 3,567 | $ | 112,683 | $ | 116,250 | $ | 3,604 | $ | 112,646
|  | 6.875% | Nov 2010 |  | Nov 2059 |  | Nov 2015 |  | 225,000 |  | 7,537 |  | 217,463 |  | 225,000 |  | 7,561 |  | 217,439
|  | 7.00 0% | March 2011 |  | March 2060 |  | March 2016 |  | 300,000 |  | 9,621 |  | 290,379 |  | 300,000 |  | 9,650 |  | 290,350
|  | 5.875% | Nov 2012 |  | Dec 2061 |  | Dec 2017 |  | 195,000 |  | 6,718 |  | 188,282 |  | 195,000 |  | 6,744 |  | 188,256
| Purch ase contract | Oct 2001 |  | Oct 2021 |  |  |  | 1,097 |  | – |  | 1,097 |  | 1,097 |  | – |  | 1,097
|  |  |  | Total Parent |  |  |  |  |  | 837,347 |  | 27,443 |  | 809,904 |  | 837,347 |  | 27,559 |  | 809,788
Subsidiaries: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. Cellular - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Unsecured Senior Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 6.700% | Dec 2003 and June 2004 |  | Dec 2033 |  | Dec 2003 |  | 544,000 |  | 15,247 |  | 528,753 |  | 544,000 |  | 15,656 |  | 528,344
|  | 6.950% | May 2011 |  | May 2060 |  | May 2016 |  | 342,000 |  | 10,905 |  | 331,095 |  | 342,000 |  | 10,937 |  | 331,063
|  | 7.250% | Dec 2014 |  | Dec 2063 |  | Dec 2019 |  | 275,000 |  | 9,629 |  | 265,371 |  | 275,000 |  | 9,644 |  | 265,356
|  | 7.250% | Nov 2015 |  | Nov 2064 |  | Nov 2020 |  | 300,000 |  | 10,316 |  | 289,684 |  | – |  | – |  | –
|  | Term Loan | Jan 2015 |  | Jan 2022 |  |  |  | 225,000 |  | 2,283 |  | 222,717 |  | – |  | – |  | –
|  | Obligation on capital leases |  | 2,200 |  | – |  | 2,200 |  | 2,143 |  | – |  | 2,143
| TDS Telecom - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Rural Utilities Service (“RUS”) and other notes |  | 691 |  |  |  | 691 |  | 699 |  |  |  | 699
|  | Obligation on capital leases |  | 733 |  | – |  | 733 |  | 767 |  | – |  | 767
| Other - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Long-term notes |  | Through 2016 |  |  |  | 2,961 |  | – |  | 2,961 |  | 3,686 |  | – |  | 3,686
|  | Obligation on capital leases |  |  |  | 24 |  |  |  | 24 |  | 31 |  | – |  | 31
|  |  |  | Total Subsidiaries |  |  |  |  |  | 1,692,609 |  | 48,380 |  | 1,644,229 |  | 1,168,326 |  | 36,237 |  | 1,132,089
Total long-term debt |  |  | $ | 2,529,956 | $ | 75,823 | $ | 2,454,133 | $ | 2,005,673 | $ | 63,796 | $ | 1,941,877
|  | Long-term debt, current |  |  |  |  |  |  | $ | 14,306 |  |  |  |  | $ | 808
|  | Long-term debt, noncurrent |  |  |  |  |  |  | $ | 2,439,827 |  |  |  |  | $ | 1,941,069

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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