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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 791 $ 900
Accounts receivable    
Customers and agents, less allowances of $55 and $55, respectively 749 753
Other, less allowances of $1 and $2, respectively 96 98
Inventory, net 149 151
Prepaid expenses 111 115
Income taxes receivable 2 10
Other current assets 26 32
Total current assets 1,924 2,059
Assets held for sale 4 8
Licenses 2,235 1,895
Goodwill 770 766
Franchise rights 244 244
Other intangible assets, net of accumulated amortization of $137 and $153, respectively 28 33
Investments in unconsolidated entities 452 451
Other investments   1
Property, plant and equipment    
In service and under construction 11,726 11,679
Less: Accumulated depreciation and amortization 8,353 8,124
Property, plant and equipment, net 3,373 3,555
Other assets and deferred charges 348 434
Total assets [1] 9,378 9,446
Current liabilities    
Current portion of long-term debt 12 12
Accounts payable 295 365
Customer deposits and deferred revenues 218 229
Accrued interest 11 11
Accrued taxes 85 44
Accrued compensation 78 127
Other current liabilities 87 99
Total current liabilities 786 887
Deferred liabilities and credits    
Deferred income tax liability, net 899 922
Other deferred liabilities and credits 472 453
Long-term debt, net 2,428 2,433
Commitments and contingencies
Noncontrolling interests with redemption features 1 1
TDS shareholders' equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 111 shares (7 Series A Common and 104 Common Shares) and 110 shares (7 Series A Common and 103 Common Shares), respectively, Par Value ($.01 per share) 1 1
Capital in excess of par value 2,393 2,386
Treasury shares, at cost, 22 and 23 Common Shares, respectively (684) (698)
Accumulated other comprehensive income   1
Retained earnings 2,457 2,454
Total TDS shareholders' equity 4,167 4,144
Preferred shares   1
Noncontrolling interests 625 605
Total equity 4,792 4,750
Total liabilities and equity [1] $ 9,378 $ 9,446
[1] The consolidated total assets as of June 30, 2017 and December 31, 2016 include assets held by consolidated VIEs of $759 million and $804 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of June 30, 2017 and December 31, 2016 include certain liabilities of consolidated VIEs of $17 million 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.