Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

The amounts used in computing basic and diluted earnings per share attributable to TDS common shareholders were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
(Dollars and shares in millions, except per share amounts)
Net income attributable to TDS common shareholders used in basic earnings per share	$	28	$	78	$	105	$	212
Adjustments to compute diluted earnings:
Noncontrolling interest adjustment	(1)		(2)		(2)		(3)
Net income attributable to TDS common shareholders used in diluted earnings per share	$	27	$	76	$	103	$	209

Weighted average number of shares used in basic earnings per share:
Common Shares	108		107		108		107
Series A Common Shares	7		7		7		7
Total	115		114		115		114

Effects of dilutive securities	1		1		1		1
Weighted average number of shares used in diluted earnings per share	116		115		116		115

Basic earnings per share attributable to TDS common shareholders	$	0.24	$	0.68	$	0.91	$	1.85

Diluted earnings per share attributable to TDS common shareholders	$	0.24	$	0.66	$	0.89	$	1.81