XML 35 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 256 $ 360
Accounts receivable    
Customers and agents, less allowances of $66 and $74, respectively 988 1,069
Other, less allowances of $3 and $3, respectively 93 112
Inventory, net 181 268
Prepaid expenses 99 102
Income taxes receivable 3 59
Other current assets 60 58
Total current assets 1,680 2,028
Assets held for sale 16 26
Licenses 4,700 4,699
Goodwill 547 547
Other intangible assets, net of accumulated amortization of $111 and $112, respectively 188 204
Investments in unconsolidated entities 520 495
Property, plant and equipment    
In service and under construction 15,497 14,971
Less: Accumulated depreciation and amortization 10,499 10,211
Property, plant and equipment, net 4,998 4,760
Operating lease right-of-use assets 988 995
Other assets and deferred charges 777 796
Total assets [1] 14,414 14,550
Current liabilities    
Current portion of long-term debt 24 19
Accounts payable 550 506
Customer deposits and deferred revenues 270 285
Accrued interest 20 12
Accrued taxes 51 46
Accrued compensation 110 144
Short-term operating lease liabilities 147 146
Other current liabilities 155 356
Total current liabilities 1,327 1,514
Deferred liabilities and credits    
Deferred income tax liability, net 1,003 969
Long-term operating lease liabilities 896 908
Other deferred liabilities and credits 819 813
Long-term debt, net 3,840 3,731
Commitments and contingencies
Noncontrolling interests with redemption features 12 12
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 113 shares (7 Series A Common and 106 Common Shares) and 112 shares (7 Series A Common and 105 Common Shares), respectively Par Value ($.01 per share) 1 1
Capital in excess of par value 2,544 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, 20 and 21 Common Shares, respectively (465) (481)
Accumulated other comprehensive income 5 5
Retained earnings 2,567 2,699
Total TDS shareholders' equity 5,726 5,849
Noncontrolling interests 791 754
Total equity 6,517 6,603
Total liabilities and equity [1] $ 14,414 $ 14,550
[1] The consolidated total assets as of September 30, 2023 and December 31, 2022, include assets held by consolidated variable interest entities (VIEs) of $1,234 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 September 30, 2023 and December 31, 2022, include certain liabilities of consolidated VIEs of $21 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 10 — Variable Interest Entities for additional information.