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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 853 $ 921
Short-term investments 0 17
Accounts receivable    
Customers and agents, less allowances of $73 and $71, respectively 989 992
Other, less allowances of $2 and $2, respectively 127 107
Inventory, net 147 150
Prepaid expenses 98 103
Income taxes receivable 3 12
Other current assets 28 28
Total current assets 2,245 2,330
Assets held for sale 9 54
Licenses 2,470 2,195
Goodwill 509 509
Other intangible assets, net of accumulated amortization of $161 and $168, respectively 235 253
Investments in unconsolidated entities 511 480
Property, plant and equipment    
In service and under construction 12,522 12,074
Less: Accumulated depreciation and amortization 9,169 8,728
Property, plant and equipment, net 3,353 3,346
Operating lease right-of-use assets 970 0
Other assets and deferred charges 579 616
Total assets [1] 10,881 9,783
Current liabilities    
Current portion of long-term debt 21 21
Accounts payable 386 365
Customer deposits and deferred revenues 195 197
Accrued interest 20 11
Accrued taxes 63 44
Accrued compensation 111 127
Short-term operating lease liabilities 115 0
Other current liabilities 90 114
Total current liabilities 1,001 879
Liabilities held for sale 1 1
Deferred liabilities and credits    
Deferred income tax liability, net 664 640
Long-term operating lease liabilities 931 0
Other deferred liabilities and credits 475 541
Long-term debt, net 2,405 2,418
Commitments and contingencies
Noncontrolling interests with redemption features 11 11
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) Par Value ($.01 per share) 1 1
Capital in excess of par value 2,456 2,432
Treasury shares, at cost, 18 and 19 Common Shares, respectively (481) (519)
Accumulated other comprehensive loss (10) (10)
Retained earnings 2,680 2,656
Total TDS shareholders' equity 4,646 4,560
Noncontrolling interests 747 733
Total equity 5,393 5,293
Total liabilities and equity [1] $ 10,881 $ 9,783
[1]
The consolidated total assets as of September 30, 2019 and December 31, 2018, include assets held by consolidated variable interest entities (VIEs) of $913 million and $848 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2019 and December 31, 2018, 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 11 — Variable Interest Entities for additional information.