Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
(Dollars and shares in millions, except per share amounts)
Net income attributable to TDS common shareholders used in basic earnings per share	$	18	$	20	$	61	$	77
Adjustments to compute diluted earnings:
Noncontrolling interest adjustment	—		—		(1)		(1)
Net income attributable to TDS common shareholders used in diluted earnings per share	$	18	$	20	$	60	$	76

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

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

Basic earnings per share attributable to TDS common shareholders	$	0.15	$	0.18	$	0.53	$	0.67

Diluted earnings per share attributable to TDS common shareholders	$	0.15	$	0.17	$	0.52	$	0.65