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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 896 $ 900
Accounts receivable    
Due from customers and agents, less allowances of $57 and $55, respectively 739 753
Other, less allowances of $1 and $2, respectively 90 98
Inventory, net 151 151
Prepaid expenses 116 115
Income taxes receivable 3 10
Other current assets 30 32
Total current assets 2,025 2,059
Assets held for sale 5 8
Licenses 1,904 1,895
Goodwill 770 766
Franchise rights 244 244
Other intangible assets, net of accumulated amortization of $156 and $153, respectively 31 33
Investments in unconsolidated entities 472 451
Other investments   1
Property, plant and equipment    
In service and under construction 11,729 11,679
Less: Accumulated depreciation and amortization 8,280 8,124
Property, plant and equipment, net 3,449 3,555
Other assets and deferred charges 449 434
Total assets [1] 9,349 9,446
Current liabilities    
Current portion of long-term debt 12 12
Accounts payable 260 365
Customer deposits and deferred revenues 217 229
Accrued interest 20 11
Accrued taxes 67 44
Accrued compensation 77 127
Other current liabilities 85 99
Total current liabilities 738 887
Deferred liabilities and credits    
Deferred income tax liability, net 921 922
Other deferred liabilities and credits 467 453
Long-term debt, net 2,431 2,433
Commitments and contingencies
Noncontrolling interests with redemption features 1 1
TDS shareholders' equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 110 shares (7 Series A Common and 103 Common Shares) Par Value ($.01 per share) 1 1
Capital in excess of par value 2,394 2,386
Treasury shares, at cost, 23 Common Shares (693) (698)
Accumulated other comprehensive income   1
Retained earnings 2,473 2,454
Total TDS shareholders' equity 4,175 4,144
Preferred shares 1 1
Noncontrolling interests 615 605
Total equity 4,791 4,750
Total liabilities and equity [1] $ 9,349 $ 9,446
[1] The consolidated total assets as of March 31, 2017 and December 31, 2016 include assets held by consolidated VIEs of $763 million and $804 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of March 31, 2017 and December 31, 2016 include certain liabilities of consolidated VIEs of $15 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 8 — Variable Interest Entities for additional information.