Investment in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2017

Investments in Unconsolidated Entities [Abstract]

These investments are accounted for using either the equity or cost method as shown in the following table:

December 31,	2017		2016
(Dollars in millions)
Equity method investments:
Capital contributions, loans, advances and adjustments	$	116	$	118
Cumulative share of income		1,753		1,613
Cumulative share of distributions		(1,434)		(1,298)
Total equity method investments		435		433
Cost method investments		18		18
Total investments in unconsolidated entities	$	453	$	451

Equity method investments, summarized financial position

The following tables, which are based on information provided in part by third parties, summarize the combined assets, liabilities and equity, and results of operations of TDS’ equity method investments:

December 31,	2017		2016
(Dollars in millions)
Assets
Current	$	705	$	776
Due from affiliates		323		386
Property and other		4,852		4,666
Total assets	$	5,880	$	5,828

Liabilities and Equity
Current liabilities	$	436	$	468
Deferred credits		181		189
Long-term liabilities		208		197
Long-term capital lease obligations		1		6
Partners’ capital and shareholders’ equity		5,054		4,968
Total liabilities and equity	$	5,880	$	5,828

Equity method investments, summarized results of operations

Year Ended December 31,	2017		2016		2015
(Dollars in millions)
Results of Operations
Revenues	$	6,585	$	6,769	$	6,979
Operating expenses		4,985		5,068		5,245
Operating income		1,600		1,701		1,734
Other income (expense), net		(3)		(13)		(9)
Net income	$	1,597	$	1,688	$	1,725