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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues    
Total operating revenues $ 1,262 $ 1,303
Operating expenses    
Selling, general and administrative 424 439
Depreciation, amortization and accretion 234 232
(Gain) loss on asset disposals, net 7 11
(Gain) loss on license sales and exchanges, net (1) 0
Total operating expenses 1,195 1,274
Operating income 67 29
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 42 44
Interest and dividend income 5 5
Interest expense (57) (53)
Other, net 1 0
Total investment and other expense (9) (4)
Income before income taxes 58 25
Income tax expense 20 13
Net income 38 12
Less: Net income attributable to noncontrolling interests, net of tax 9 4
Net income attributable to TDS shareholders 29 8
TDS Preferred Share dividends 17 17
Net income (loss) attributable to TDS common shareholders $ 12 $ (9)
Basic weighted average shares outstanding (in shares) 113 113
Basic earnings (loss) per share attributable to TDS common shareholders $ 0.11 $ (0.08)
Diluted weighted average shares outstanding (in shares) 117 113
Diluted earnings (loss) per share attributable to TDS common shareholders $ 0.10 $ (0.08)
Service    
Operating revenues    
Total operating revenues $ 1,044 $ 1,043
Operating expenses    
Cost of goods and services 298 305
Equipment and product sales    
Operating revenues    
Total operating revenues 218 260
Operating expenses    
Cost of goods and services $ 233 $ 287