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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business segment information

Financial data for TDS’ reportable segments for 2022, 2021 and 2020, is as follows. See Note 1 — Summary of Significant Accounting Policies for additional information.

Year ended or as of December 31, 2022			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	3,125					$	1,019					$	96					$	4,240
Equipment and product sales			1,044						1						128						1,173
Total operating revenues			4,169						1,020						224						5,413
Cost of services (excluding Depreciation, amortization and accretion reported below)			755						418						72						1,245
Cost of equipment and products			1,216						1						103						1,320
Selling, general and administrative			1,408						313						47						1,768
Depreciation, amortization and accretion			700						215						14						929
Loss on impairment of licenses			3						—						—						3
(Gain) loss on asset disposals, net			19						7						1						27
(Gain) loss on sale of business and other exit costs, net			(1)						—						—						(1)
Operating income (loss)			69						66						(13)						122
Equity in earnings of unconsolidated entities			158						—						1						159
Interest and dividend income			8						2						7						17
Interest expense			(163)						7						(18)						(174)
Other, net			—						1						—						1
Income (loss) before income taxes			72						76						(23)						125
Income tax expense (benefit)			37						23						(7)						53
Net income (loss)			35						53						(16)						72
Add back:
Depreciation, amortization and accretion			700						215						14						929
Loss on impairment of licenses			3						—						—						3
(Gain) loss on asset disposals, net			19						7						1						27
(Gain) loss on sale of business and other exit costs, net			(1)						—						—						(1)
Interest expense			163						(7)						18						174
Income tax expense (benefit)			37						23						(7)						53
Adjusted EBITDA1			$	956					$	291					$	10					$	1,257
Investments in unconsolidated entities			$	452					$	4					$	39					$	495
Total assets			$	11,119					$	3,056					$	375					$	14,550
Capital expenditures			$	717					$	556					$	12					$	1,285

Year Ended or as of December 31, 2021			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	3,115					$	1,005					$	96					$	4,216
Equipment and product sales			1,007						1						105						1,113
Total operating revenues			4,122						1,006						201						5,329
Cost of services (excluding Depreciation, amortization and accretion reported below)			790						404						73						1,267
Cost of equipment and products			1,118						1						86						1,205
Selling, general and administrative			1,345						291						41						1,677
Depreciation, amortization and accretion			678						198						19						895
(Gain) loss on asset disposals, net			23						2						1						26
(Gain) loss on sale of business and other exit costs, net			(2)						—						—						(2)
Operating income (loss)			170						110						(19)						261
Equity in earnings of unconsolidated entities			179						—						3						182
Interest and dividend income			6						1						4						11
Interest expense			(175)						5						(62)						(232)
Other, net			—						(1)						—						(1)
Income (loss) before income taxes			180						114						(73)						221
Income tax expense (benefit)			20						24						(11)						33
Net income (loss)			160						90						(62)						188
Add back:
Depreciation, amortization and accretion			678						198						19						895
(Gain) loss on asset disposals, net			23						2						1						26
(Gain) loss on sale of business and other exit costs, net			(2)						—						—						(2)
Interest expense			175						(5)						62						232
Income tax expense (benefit)			20						24						(11)						33
Adjusted EBITDA1			$	1,054					$	310					$	8					$	1,372
Investments in unconsolidated entities			$	439					$	4					$	36					$	479
Total assets			$	10,341					$	2,645					$	507					$	13,493
Capital expenditures			$	780					$	411					$	10					$	1,201

Year Ended or as of December 31, 2020			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	3,067					$	975					$	94					$	4,136
Equipment and product sales			970						1						118						1,089
Total operating revenues			4,037						976						212						5,225
Cost of services (excluding Depreciation, amortization and accretion reported below)			782						392						70						1,244
Cost of equipment and products			1,011						1						98						1,110
Selling, general and administrative			1,368						270						43						1,681
Depreciation, amortization and accretion			683						203						23						909
(Gain) loss on asset disposals, net			25						1						1						27
(Gain) loss on license sales and exchanges, net			(5)						—						—						(5)
Operating income (loss)			173						110						(24)						259
Equity in earnings of unconsolidated entities			179						—						2						181
Interest and dividend income			8						5						2						15
Gain (loss) on investments			2						—						—						2
Interest expense			(112)						4						(60)						(168)
Other, net			—						(1)						—						(1)
Income (loss) before income taxes			250						117						(79)						288
Income tax expense (benefit)			17						18						(16)						19
Net income (loss)			233						100						(64)						269
Add back:
Depreciation, amortization and accretion			683						203						23						909
(Gain) loss on asset disposals, net			25						1						1						27
(Gain) loss on license sales and exchanges, net			(5)						—						—						(5)
Gain (loss) on investments			(2)						—						—						(2)
Interest expense			112						(4)						60						168
Income tax expense (benefit)			17						18						(16)						19
Adjusted EBITDA1			$	1,063					$	317					$	5					$	1,385
Investments in unconsolidated entities			$	435					$	4					$	38					$	477
Total assets			$	9,681					$	2,359					$	484					$	12,525
Capital expenditures			$	940					$	368					$	9					$	1,317

Numbers may not foot due to rounding.

1Adjusted earnings before interest, taxes, depreciation, amortization and accretion (Adjusted EBITDA) is a segment measure reported to the chief operating decision maker for purposes of assessing the segments' performance. Adjusted EBITDA is defined as net income, adjusted for the items set forth in the reconciliation above. TDS believes Adjusted EBITDA is a useful measure of TDS’ operating results before significant recurring non-cash charges, gains and losses, and other items as presented above as they provide additional relevant and useful information to investors and other users of TDS' financial data in evaluating the effectiveness of its operations and underlying business trends in a manner that is consistent with management's evaluation of business performance.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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