XML 82 R48.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
Credit facilities | The following table summarizes the unsecured revolving credit agreements as of December 31, 2024:
| TDS |  | UScellular
(Dollars in millions) |  |  |
Maximum borrowing capacity | $ | 400 |  |  | $ | 300 |
Letters of credit outstanding | $ | 1 |  |  | $ | — |
Amount borrowed and outstanding | $ | — |  |  | $ | — |
Amount available for use | $ | 399 |  |  | $ | 300 |
The following tables summarizes the unsecured term loan credit agreements as of December 31, 2024:
TDS | Term Loan 1 | Term Loan 2 | Term Loan 3 1 | Total
(Dollars in millions) |  |  |  |
Maximum borrowing capacity | $ | 200 |  | $ | 300 |  | $ | 375 |  | $ | 875 |
Amount borrowed and outstanding | $ | 194 |  | $ | 293 |  | $ | 298 |  | $ | 785 |
Amount borrowed and repaid | $ | 6 |  | $ | 7 |  | $ | 2 |  | $ | 15 |
Amount available for use | $ | — |  | $ | — |  | $ | 75 |  | $ | 75 |
Interest rate | SOFR plus 2.10% | SOFR plus 2.60% | SOFR plus 7.00% |
Maturity date | July 2028 | July 2031 | May 2029 |
Quarterly installments | $0.5 million from December 2021 to maturity date | $0.75 million from December 2022 to September 2026; $2 million from December 2026 to maturity date | Outstanding borrowings multiplied by 0.25% from September 2024 to maturity date |
1 TDS entered into an unsecured term loan credit agreement in May 2024. The agreement requires TDS to make prepayments of the outstanding borrowings to the extent TDS receives cash proceeds in excess of prescribed thresholds from certain transactions as more fully described in the agreement.
UScellular | Term Loan 1 1 | Term Loan 2 | Term Loan 3 | Total
(Dollars in millions) |  |  |  |
Maximum borrowing capacity | $ | 300 |  | $ | 300 |  | $ | 200 |  | $ | 800 |
Amount borrowed and outstanding | $ | 237 |  | $ | 290 |  | $ | 196 |  | $ | 723 |
Amount borrowed and repaid | $ | 63 |  | $ | 10 |  | $ | 4 |  | $ | 77 |
Amount available for use | $ | — |  | $ | — |  | $ | — |  | $ | — |
Interest rate | SOFR plus 1.60% | SOFR plus 2.10% | SOFR plus 2.60% |
Maturity date | July 2026 | July 2028 | July 2031 |
Quarterly installments | $4 million from March 2024 to December 2025; $8 million from March 2026 to maturity date | $0.75 million from December 2021 to maturity date | $0.5 million from December 2022 to September 2026; $1 million from December 2026 to maturity date |
1 During 2024, UScellular repaid $40 million, in addition to required quarterly installments, under its term loan agreement due July 2026.
Long-term debt | Long-term debt as of December 31, 2024 and 2023, was as follows:
|  |  |  | December 31, 2024 |  | December 31, 2023
| Issuance date | Maturity date | Call date (any time on or after) | Principal Amount |  | Less Unamortized discount and debt issuance costs |  | Total |  | Principal Amount |  | Less Unamortized discount and debt issuance costs |  | Total
(Dollars in millions) |  |  |  |  |  |  |  |  |  |  |  |  |
UScellular Unsecured Senior Notes |  |  |  |  |  |  |  |  |  |  |  |
6.70% | Dec 2003 and June 2004 | Dec 2033 | Dec 2003 and June 2004 | $ | 544 |  |  | $ | 10 |  |  | $ | 534 |  |  | $ | 544 |  |  | $ | 11 |  |  | $ | 533 |
6.25% | Aug 2020 | Sep 2069 | Sep 2025 | 500 |  |  | 17 |  |  | 483 |  |  | 500 |  |  | 17 |  |  | 483 |
5.50% | Dec 2020 | Mar 2070 | Mar 2026 | 500 |  |  | 17 |  |  | 483 |  |  | 500 |  |  | 17 |  |  | 483 |
5.50% | May 2021 | Jun 2070 | Jun 2026 | 500 |  |  | 16 |  |  | 484 |  |  | 500 |  |  | 16 |  |  | 484 |
UScellular Unsecured Term Loans |  | 723 |  |  | 4 |  |  | 719 |  |  | 783 |  |  | 4 |  |  | 779 |
TDS Unsecured Term Loans |  | 785 |  |  | 16 |  |  | 769 |  |  | 492 |  |  | 4 |  |  | 488 |
TDS Secured Term Loan |  |  |  | 300 |  |  | 2 |  |  | 298 |  |  | 300 |  |  | 3 |  |  | 297 |
UScellular EIP Securitization |  | 2 |  |  | — |  |  | 2 |  |  | 150 |  |  | — |  |  | 150 |
TDS Export Credit Financing |  |  | 150 |  |  | — |  |  | 150 |  |  | 150 |  |  | — |  |  | 150 |
UScellular Export Credit Financing |  |  | 150 |  |  | — |  |  | 150 |  |  | 150 |  |  | 1 |  |  | 149 |
TDS Revolving Credit |  |  |  | — |  |  | — |  |  | — |  |  | 100 |  |  | — |  |  | 100 |
Finance lease obligations |  | 7 |  |  | — |  |  | 7 |  |  | 6 |  |  | — |  |  | 6 |
Other long-term notes |  | 3 |  |  | — |  |  | 3 |  |  | 4 |  |  | — |  |  | 4 |
Total long-term debt |  | $ | 4,164 |  |  | $ | 82 |  |  | $ | 4,082 |  |  | $ | 4,179 |  |  | $ | 73 |  |  | $ | 4,106 |
Long-term debt, current |  |  |  |  |  | $ | 31 |  |  |  |  |  |  | $ | 26 |
Long-term debt, noncurrent |  |  |  |  |  | $ | 4,051 |  |  |  |  |  |  | $ | 4,080 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration