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Investments In Unconsolidated Entities
9 Months Ended
Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Entities
Note 8 Investments in Unconsolidated Entities
Investments in unconsolidated entities consist of amounts invested in entities in which TDS holds a noncontrolling interest. TDS’ Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.
September 30, 2023December 31, 2022
(Dollars in millions)  
Equity method investments$492 $468 
Measurement alternative method investments19 18 
Investments recorded using the net asset value practical expedient9 
Total investments in unconsolidated entities$520 $495 
The following table, which is based on unaudited information provided in part by third parties, summarizes the combined results of operations of TDS’ equity method investments.
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2023202220232022
(Dollars in millions)  
Revenues$1,812 $1,835 $5,390 $5,430 
Operating expenses1,426 1,402 4,154 4,174 
Operating income386 433 1,236 1,256 
Other income (expense), net(13)(7)(21)(13)
Net income$373 $426 $1,215 $1,243