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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues        
Total operating revenues $ 1,267 $ 1,349 $ 2,570 $ 2,664
Operating expenses        
Selling, general and administrative 436 427 876 837
Depreciation, amortization and accretion 225 229 456 456
Loss on impairment of licenses 0 3 0 3
(Gain) loss on asset disposals, net 5 7 16 9
Total operating expenses 1,234 1,286 2,508 2,506
Operating income 33 63 62 158
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 38 38 82 83
Interest and dividend income 6 5 11 7
Interest expense (62) (40) (116) (72)
Other, net 0 0 1 0
Total investment and other income (expense) (18) 3 (22) 18
Income before income taxes 15 66 40 176
Income tax expense 15 27 28 65
Net income 0 39 12 111
Less: Net income attributable to noncontrolling interests, net of tax 2 4 6 15
Net income (loss) attributable to TDS shareholders (2) 35 6 96
TDS Preferred Share dividends 17 17 35 35
Net income (loss) attributable to TDS common shareholders $ (19) $ 18 $ (29) $ 61
Basic weighted average shares outstanding (in shares) 113 115 113 115
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.17) $ 0.15 $ (0.25) $ 0.53
Diluted weighted average shares outstanding (in shares) 113 116 113 116
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.17) $ 0.15 $ (0.25) $ 0.52
Service        
Operating revenues        
Total operating revenues $ 1,041 $ 1,064 $ 2,084 $ 2,125
Operating expenses        
Cost of goods and services 316 312 622 611
Equipment and product sales        
Operating revenues        
Total operating revenues 226 285 486 539
Operating expenses        
Cost of goods and services $ 252 $ 308 $ 538 $ 590