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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 779 $ 619
Short-term investments 0 100
Accounts receivable    
Customers and agents, less allowances of $62 and $61, respectively 867 861
Other, less allowances of $2 and $2, respectively 88 100
Inventory, net 153 145
Prepaid expenses 104 112
Income taxes receivable 10 2
Other current assets 42 27
Total current assets 2,043 1,966
Assets held for sale 6 10
Licenses 2,240 2,232
Goodwill 509 509
Other intangible assets, net of accumulated amortization of $148 and $142, respectively 273 279
Investments in unconsolidated entities 488 453
Property, plant and equipment    
In service and under construction 11,820 11,742
Less: Accumulated depreciation and amortization 8,485 8,318
Property, plant and equipment, net 3,335 3,424
Other assets and deferred charges 587 422
Total assets [1] 9,481 9,295
Current liabilities    
Current portion of long-term debt 20 20
Accounts payable 322 368
Customer deposits and deferred revenues 169 223
Accrued interest 22 11
Accrued taxes 45 64
Accrued compensation 77 126
Other current liabilities 95 106
Total current liabilities 750 918
Deferred liabilities and credits    
Deferred income tax liability, net 634 552
Other deferred liabilities and credits 516 495
Long-term debt, net 2,431 2,437
Commitments and contingencies
Noncontrolling interests with redemption features 11 1
TDS shareholders' equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 112 shares (7 Series A Common and 105 Common Shares) and 111 shares (7 Series A Common and 104 Common Shares), respectively, Par Value ($.01 per share) 1 1
Capital in excess of par value 2,421 2,413
Treasury shares, at cost, 21 and 22 Common Shares, respectively (643) (669)
Accumulated other comprehensive loss (3) (1)
Retained earnings 2,696 2,525
Total TDS shareholders' equity 4,472 4,269
Noncontrolling interests 667 623
Total equity 5,139 4,892
Total liabilities and equity [1] $ 9,481 $ 9,295
[1] The consolidated total assets as of March 31, 2018 and December 31, 2017, include assets held by consolidated variable interest entities (VIEs) of $773 million and $765 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of March 31, 2018 and December 31, 2017, include certain liabilities of consolidated VIEs of $18 million and $21 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 9 — Variable Interest Entities for additional information.