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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 259 $ 360
Accounts receivable    
Customers and agents, less allowances of $72 and $74, respectively 1,036 1,069
Other, less allowances of $3 and $3, respectively 95 112
Inventory, net 269 268
Prepaid expenses 113 102
Income taxes receivable 60 59
Other current assets 71 58
Total current assets 1,903 2,028
Assets held for sale 18 26
Licenses 4,702 4,699
Goodwill 547 547
Other intangible assets, net of accumulated amortization of $117 and $112, respectively 199 204
Investments in unconsolidated entities 519 495
Property, plant and equipment    
In service and under construction 15,183 14,971
Less: Accumulated depreciation and amortization 10,311 10,211
Property, plant and equipment, net 4,872 4,760
Operating lease right-of-use assets 986 995
Other assets and deferred charges 793 796
Total assets [1] 14,539 14,550
Current liabilities    
Current portion of long-term debt 20 19
Accounts payable 344 506
Customer deposits and deferred revenues 277 285
Accrued interest 21 12
Accrued taxes 45 46
Accrued compensation 78 144
Short-term operating lease liabilities 145 146
Other current liabilities 295 356
Total current liabilities 1,225 1,514
Deferred liabilities and credits    
Deferred income tax liability, net 974 969
Long-term operating lease liabilities 900 908
Other deferred liabilities and credits 813 813
Long-term debt, net 4,040 3,731
Commitments and contingencies
Noncontrolling interests with redemption features 12 12
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 113 shares (7 Series A Common and 106 Common Shares) and 112 shares (7 Series A Common and 105 Common Shares), respectively Par Value ($.01 per share) 1 1
Capital in excess of par value 2,552 2,551
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, 21 Common Shares (474) (481)
Accumulated other comprehensive income 5 5
Retained earnings 2,658 2,699
Total TDS shareholders' equity 5,816 5,849
Noncontrolling interests 759 754
Total equity 6,575 6,603
Total liabilities and equity [1] $ 14,539 $ 14,550
[1] The consolidated total assets as of March 31, 2023 and December 31, 2022, include assets held by consolidated variable interest entities (VIEs) of $1,488 million and $1,236 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of March 31, 2023 and December 31, 2022, include certain liabilities of consolidated VIEs of $25 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 9 — Variable Interest Entities for additional information.