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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 921 $ 619
Short-term investments 17 100
Accounts receivable    
Customers and agents, less allowances of $71 and $61, respectively 992 861
Other, less allowances of $2 and $2, respectively 107 100
Inventory, net 150 145
Prepaid expenses 103 112
Income taxes receivable 12 2
Other current assets 28 27
Total current assets 2,330 1,966
Assets held for sale 54 10
Licenses 2,195 2,232
Goodwill 509 509
Other intangible assets, net of accumulated amortization of $168 and $142, respectively 253 279
Investments in unconsolidated entities 480 453
Property, plant and equipment    
In service and under construction 12,074 11,742
Less: Accumulated depreciation and amortization 8,728 8,318
Property, plant and equipment, net 3,346 3,424
Other assets and deferred charges 616 422
Total assets [1] 9,783 9,295
Current liabilities    
Current portion of long-term debt 21 20
Accounts payable 365 368
Customer deposits and deferred revenues 197 223
Accrued interest 11 11
Accrued taxes 44 64
Accrued compensation 127 126
Other current liabilities 114 106
Total current liabilities 879 918
Liabilities held for sale 1 0
Deferred liabilities and credits    
Deferred income tax liability, net 640 552
Other deferred liabilities and credits 541 495
Long-term debt, net 2,418 2,437
Commitments and contingencies
Noncontrolling interests with redemption features 11 1
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) and 111 shares (7 Series A Common and 104 Common Shares), respectively Par Value ($.01 per share) 1 1
Capital in excess of par value 2,432 2,413
Treasury shares, at cost, 19 and 22 Common Shares, respectively (519) (669)
Accumulated other comprehensive loss (10) (1)
Retained earnings 2,656 2,525
Total TDS shareholders’ equity 4,560 4,269
Noncontrolling interests 733 623
Total equity 5,293 4,892
Total liabilities and equity [1] $ 9,783 $ 9,295
[1] The consolidated total assets as of December 31, 2018 and 2017, include assets held by consolidated variable interest entities (VIEs) of $848 million and $765 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of December 31, 2018 and 2017, include certain liabilities of consolidated VIEs of $21 million for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 14 — Variable Interest Entities for additional information.