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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 725 $ 1,429
Short-term investments 0 3
Accounts receivable    
Customers and agents, less allowances of $59 and $67, respectively 994 1,004
Other, less allowances of $3 and $2, respectively 89 108
Inventory, net 142 154
Prepaid expenses 104 105
Income taxes receivable 187 187
Other current assets 56 36
Total current assets 2,297 3,026
Assets held for sale 3 2
Licenses 4,111 2,638
Goodwill 547 547
Other intangible assets, net of accumulated amortization of $86 and $71, respectively 202 213
Investments in unconsolidated entities 509 477
Property, plant and equipment    
In service and under construction 14,060 13,659
Less: Accumulated depreciation and amortization 9,952 9,687
Property, plant and equipment, net 4,108 3,972
Operating lease right-of-use assets 1,021 998
Other assets and deferred charges 648 652
Total assets [1] 13,446 12,525
Current liabilities    
Current portion of long-term debt 194 5
Accounts payable 466 508
Customer deposits and deferred revenues 207 193
Accrued interest 20 16
Accrued taxes 46 69
Accrued compensation 112 132
Short-term operating lease liabilities 139 129
Other current liabilities 104 101
Total current liabilities 1,288 1,153
Liabilities held for sale 0 1
Deferred liabilities and credits    
Deferred income tax liability, net 919 863
Long-term operating lease liabilities 947 940
Other deferred liabilities and credits 750 541
Long-term debt, net 2,804 3,424
Commitments and contingencies
Noncontrolling interests with redemption features 10 10
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 115 shares (7 Series A Common and 108 Common Shares) and 114 shares (7 Series A Common and 107 Common Shares), respectively Par Value ($.01 per share) 1 1
Capital in excess of par value 2,478 2,482
Preferred Shares, par value $0.01 per share, $25,000 liquidation preference per share, .0444 shares outstanding (.0168 Series UU and .0276 Series VV) 1,074 0
Treasury shares, at cost, 18 and 19 Common Shares, respectively (459) (477)
Accumulated other comprehensive loss (2) (4)
Retained earnings 2,819 2,802
Total TDS shareholders' equity 5,911 4,804
Noncontrolling interests 817 789
Total equity 6,728 5,593
Total liabilities and equity [1] $ 13,446 $ 12,525
[1] The consolidated total assets as of September 30, 2021 and December 31, 2020, include assets held by consolidated variable interest entities (VIEs) of $1,279 million and $1,042 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2021 and December 31, 2020, include certain liabilities of consolidated VIEs of $17 million and $18 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.