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Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues        
Service $ 992 $ 1,019 $ 1,989 $ 2,032
Equipment and product sales 255 276 496 518
Total operating revenues 1,247 1,295 2,485 2,550
Operating expenses        
Cost of services (excluding Depreciation, amortization and accretion reported below) 298 297 580 585
Cost of equipment and products 287 309 557 600
Selling, general and administrative 419 429 825 859
Depreciation, amortization and accretion 211 210 422 422
(Gain) loss on asset disposals, net 6 6 10 12
(Gain) loss on license sales and exchanges, net (2) (9) (19) (9)
Total operating expenses 1,219 1,242 2,375 2,469
Operating income 28 53 110 81
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 33 36 65 72
Interest and dividend income 4 3 8 5
Interest expense (43) (43) (85) (85)
Other, net   1 1  
Total investment and other income (expense) (6) (3) (11) (8)
Income before income taxes 22 50 99 73
Income tax expense 10 18 44 31
Net income 12 32 55 42
Less: Net income attributable to noncontrolling interests, net of tax 2 4 8 6
Net income attributable to TDS shareholders 10 28 47 36
Net income available to TDS common shareholders $ 10 $ 28 $ 47 $ 36
Basic weighted average shares outstanding 111 109 110 109
Basic earnings per share available to TDS common shareholders $ 0.09 $ 0.25 $ 0.43 $ 0.33
Diluted weighted average shares outstanding 112 111 112 111
Diluted earnings per share available to TDS common shareholders $ 0.09 $ 0.25 $ 0.42 $ 0.32
Dividends per share to TDS shareholders $ 0.155 $ 0.148 $ 0.310 $ 0.296