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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 442 $ 367
Accounts receivable    
Customers and agents, less allowances of $70 and $60, respectively 1,070 1,058
Other, less allowances of $2 and $2, respectively 111 93
Inventory, net 252 178
Prepaid expenses 94 103
Income taxes receivable 60 184
Other current assets 57 61
Total current assets 2,086 2,044
Assets held for sale 29 18
Licenses 4,689 4,097
Goodwill 547 547
Other intangible assets, net of accumulated amortization of $106 and $91, respectively 210 197
Investments in unconsolidated entities 503 479
Property, plant and equipment    
In service and under construction 14,928 14,265
Less: Accumulated depreciation and amortization 10,281 9,904
Property, plant and equipment, net 4,647 4,361
Operating lease right-of-use assets 1,010 1,040
Other assets and deferred charges 758 710
Total assets [1] 14,479 13,493
Current liabilities    
Current portion of long-term debt 16 6
Accounts payable 506 481
Customer deposits and deferred revenues 266 236
Accrued interest 20 10
Accrued taxes 48 45
Accrued compensation 107 137
Short-term operating lease liabilities 146 141
Other current liabilities 300 124
Total current liabilities 1,409 1,180
Deferred liabilities and credits    
Deferred income tax liability, net 967 921
Long-term operating lease liabilities 926 960
Other deferred liabilities and credits 867 759
Long-term debt, net 3,608 2,928
Commitments and contingencies
Noncontrolling interests with redemption features 12 11
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) and 115 shares (7 Series A Common and 108 Common Shares), respectively Par Value ($.01 per share) 1 1
Capital in excess of par value 2,527 2,496
Preferred Shares, 0.279 shares authorized, par value $0.01 per share, .0444 shares outstanding (.0168 Series UU and .0276 Series VV) 1,074 1,074
Treasury shares, at cost, 19 and 18 Common Shares, respectively (468) (461)
Accumulated other comprehensive income 7 5
Retained earnings 2,763 2,812
Total TDS shareholders' equity 5,904 5,927
Noncontrolling interests 786 807
Total equity 6,690 6,734
Total liabilities and equity [1] $ 14,479 $ 13,493
[1] The consolidated total assets as of September 30, 2022 and December 31, 2021, include assets held by consolidated variable interest entities (VIEs) of $1,240 million and $1,456 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2022 and December 31, 2021, 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 11 — Variable Interest Entities for additional information.