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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share  
Earnings per share

The amounts used in computing earnings per common share and the effects of potentially dilutive securities on the weighted average number of common shares were as follows:

 

Three Months Ended

 

March 31,

 

2016

 

2015

(Dollars and shares in millions, except per share amounts)

 

 

 

 

 

Basic earnings per share available to TDS common shareholders:

 

 

 

 

 

 

Net income available to TDS common shareholders

    used in basic earnings per share

$

8 

 

$

146 

Adjustments to compute diluted earnings:

 

 

 

 

 

 

Noncontrolling interest adjustment

 

 

 

 

(1)

 

Net income available to TDS common shareholders

 

 

 

 

 

 

 

used in diluted earnings per share

$

8 

 

$

145 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic

 

 

 

 

 

 

earnings per share:

 

 

 

 

 

 

 

Common Shares

 

102 

 

 

101 

 

 

Series A Common Shares

 

7 

 

 

7 

 

 

 

Total

 

109 

 

 

108 

 

 

 

 

 

 

 

 

 

 

Effects of dilutive securities1

 

1 

 

 

1 

Weighted average number of shares used in diluted

 

 

 

 

 

 

earnings per share

 

110 

 

 

109 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share available to TDS common

 

 

 

 

 

 

shareholders

$

0.07 

 

$

1.35 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share available to TDS common

 

 

 

 

 

 

shareholders

$

0.07 

 

$

1.33 

 

 

 

 

 

 

 

 

 

 

 

1

Includes effects of stock options, restricted stock units and preferred shares.