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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 364 $ 236
Accounts receivable    
Customers and agents, less allowances of $68 and $70, respectively 962 992
Other, less allowances of $2 and $4, respectively 79 82
Inventory, net 183 208
Prepaid expenses 72 86
Income taxes receivable 2 4
Other current assets 33 52
Total current assets 1,695 1,660
Assets held for sale 0 15
Licenses 4,588 4,702
Other intangible assets, net of accumulated amortization of $128 and $106, respectively 161 183
Investments in unconsolidated entities 500 505
Property, plant and equipment    
In service and under construction 14,363 15,612
Less: Accumulated depreciation and amortization 9,369 10,550
Property, plant and equipment, net 4,994 5,062
Operating lease right-of-use assets 982 987
Other assets and deferred charges 762 807
Total assets [1] 13,682 13,921
Current liabilities    
Current portion of long-term debt 31 26
Accounts payable 280 360
Customer deposits and deferred revenues 283 277
Accrued interest 16 12
Accrued taxes 39 43
Accrued compensation 150 149
Short-term operating lease liabilities 153 147
Other current liabilities 138 170
Total current liabilities 1,090 1,184
Deferred liabilities and credits    
Deferred income tax liability, net 981 975
Long-term operating lease liabilities 867 890
Other deferred liabilities and credits 809 784
Long-term debt, net 4,051 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 114 shares (7 Series A Common and 107 Common Shares) and 113 shares (7 Series A Common and 106 Common Shares), respectively Par Value ($0.01 per share) 1 1
Capital in excess of par value 2,574 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 (425) (465)
Accumulated other comprehensive income 18 11
Retained earnings 1,849 2,023
Total TDS shareholders’ equity 5,091 5,202
Noncontrolling interests 777 794
Total equity 5,868 5,996
Total liabilities and equity [1] $ 13,682 $ 13,921
[1] The consolidated total assets as of December 31, 2024 and 2023, include assets held by consolidated variable interest entities (VIEs) of $983 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 December 31, 2024 and 2023, include certain liabilities of consolidated VIEs of $24 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 16 — Variable Interest Entities for additional information.