XML 38 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 360 $ 367
Accounts receivable    
Customers and agents, less allowances of $74 and $60, respectively 1,069 1,058
Other, less allowances of $3 and $2, respectively 112 93
Inventory, net 268 178
Prepaid expenses 102 103
Income taxes receivable 59 184
Other current assets 58 61
Total current assets 2,028 2,044
Assets held for sale 26 18
Licenses 4,699 4,097
Goodwill 547 547
Other intangible assets, net of accumulated amortization of $112 and $91, respectively 204 197
Investments in unconsolidated entities 495 479
Property, plant and equipment    
In service and under construction 14,971 14,265
Less: Accumulated depreciation and amortization 10,211 9,904
Property, plant and equipment, net 4,760 4,361
Operating lease right-of-use assets 995 1,040
Other assets and deferred charges 796 710
Total assets [1] 14,550 13,493
Current liabilities    
Current portion of long-term debt 19 6
Accounts payable 506 481
Customer deposits and deferred revenues 285 236
Accrued interest 12 10
Accrued taxes 46 45
Accrued compensation 144 137
Short-term operating lease liabilities 146 141
Other current liabilities 356 124
Total current liabilities 1,514 1,180
Deferred liabilities and credits    
Deferred income tax liability, net 969 921
Long-term operating lease liabilities 908 960
Other deferred liabilities and credits 813 759
Long-term debt, net 3,731 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 112 shares (7 Series A Common and 105 Common Shares) and 115 shares (7 Series A Common and 108 Common Shares), respectively Par Value ($0.01 per share) 1 1
Capital in excess of par value 2,551 2,496
Preferred Shares, .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, 21 and 18 Common Shares, respectively (481) (461)
Accumulated other comprehensive income 5 5
Retained earnings 2,699 2,812
Total TDS shareholders’ equity 5,849 5,927
Noncontrolling interests 754 807
Total equity 6,603 6,734
Total liabilities and equity [1] $ 14,550 $ 13,493
[1] The consolidated total assets as of December 31, 2022 and 2021, include assets held by consolidated variable interest entities (VIEs) of $1,236 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 December 31, 2022 and 2021, include certain liabilities of consolidated VIEs of $23 million and $21 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 15 — Variable Interest Entities for additional information.