XML 32 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 451 $ 236
Accounts receivable    
Customers and agents, less allowances of $64 and $70, respectively 929 992
Other, less allowances of $2 and $4, respectively 68 82
Inventory, net 167 208
Prepaid expenses 88 86
Income taxes receivable 3 4
Other current assets 40 52
Total current assets 1,746 1,660
Assets held for sale 17 15
Licenses 4,586 4,702
Other intangible assets, net of accumulated amortization of $121 and $106, respectively 168 183
Investments in unconsolidated entities 524 505
Property, plant and equipment    
In service and under construction 14,409 15,612
Less: Accumulated depreciation and amortization 9,422 10,550
Property, plant and equipment, net 4,987 5,062
Operating lease right-of-use assets 970 987
Other assets and deferred charges 728 807
Total assets [1] 13,726 13,921
Current liabilities    
Current portion of long-term debt 29 26
Accounts payable 334 360
Customer deposits and deferred revenues 270 277
Accrued interest 26 12
Accrued taxes 49 43
Accrued compensation 107 149
Short-term operating lease liabilities 151 147
Other current liabilities 132 170
Total current liabilities 1,098 1,184
Liabilities held for sale 7 0
Deferred liabilities and credits    
Deferred income tax liability, net 961 975
Long-term operating lease liabilities 862 890
Other deferred liabilities and credits 812 784
Long-term debt, net 4,097 4,080
Commitments and contingencies
Noncontrolling interests with redemption features 16 12
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 113 shares (7 Series A Common and 106 Common Shares) Par Value ($.01 per share) 1 1
Capital in excess of par value 2,557 2,558
Preferred Shares, 0.279 shares authorized, par value $0.01 per share, 0.0444 shares outstanding (0.0168 Series UU and 0.0276 Series VV) 1,074 1,074
Treasury shares, at cost, 19 and 20 Common Shares, respectively (433) (465)
Accumulated other comprehensive income 11 11
Retained earnings 1,865 2,023
Total TDS shareholders' equity 5,075 5,202
Noncontrolling interests 798 794
Total equity 5,873 5,996
Total liabilities and equity [1] $ 13,726 $ 13,921
[1] The consolidated total assets as of September 30, 2024 and December 31, 2023, include assets held by consolidated variable interest entities (VIEs) of $1,018 million and $1,188 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2024 and December 31, 2023, include certain liabilities of consolidated VIEs of $22 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 12 — Variable Interest Entities for additional information.