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Acquisitions, Divestitures and Exchanges (Tables) | 12 Months Ended
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Dec. 31, 2014
Divestiture Financial Impacts |
Business divestiture financial impacts |
(Dollars in thousands) |  | Expected Period of Recognition |  | Projected Range |  | Cumulative Amount Recognized as of December 31, 2014 |  | Actual Amount Recognized Year Ended December 31, 2014 |  | Actual Amount Recognized Year Ended December 31, 2013 |  | Actual Amount Recognized Year Ended December 31, 2012
(Gain) loss on sale of business and other exit costs, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Proceeds from Sprint |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Purchase price |  | 2013 |  | $ | (480,000) |  | $ | (480,000) |  | $ | (480,000) |  | $ | - |  | $ | (480,000) |  | $ | -
|  | Sprint Cost Reimbursement |  | 2013-2015 |  |  | (120,000) |  |  | (175,000) |  |  | (111,970) |  |  | (64,329) |  |  | (47,641) |  |  | -
| Net assets transferred |  | 2013 |  |  | 213,593 |  |  | 213,593 |  |  | 213,593 |  |  | - |  |  | 213,593 |  |  | -
| Non-cash charges for the write-off and write-down of property under construction and related assets |  | 2012-2015 |  |  | 20,000 |  |  | 22,000 |  |  | 20,410 |  |  | 9,735 |  |  | 3 |  |  | 10,672
| Employee related costs including severance, retention and outplacement |  | 2012-2015 |  |  | 13,000 |  |  | 16,000 |  |  | 14,147 |  |  | (115) |  |  | 1,653 |  |  | 12,609
| Contract termination costs |  | 2012-2015 |  |  | 70,000 |  |  | 100,000 |  |  | 84,320 |  |  | 24,736 |  |  | 59,525 |  |  | 59
| Transaction costs |  | 2012-2015 |  |  | 5,000 |  |  | 7,000 |  |  | 6,284 |  |  | 719 |  |  | 4,428 |  |  | 1,137
|  | Total (Gain) loss on sale of business and other exit costs, net |  |  |  | $ | (278,407) |  | $ | (296,407) |  | $ | (253,216) |  | $ | (29,254) |  | $ | (248,439) |  | $ | 24,477
Depreciation, amortization and accretion expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Incremental depreciation, amortization and accretion, net of salvage values |  | 2012-2014 |  |  | 215,049 |  |  | 215,049 |  |  | 215,049 |  |  | 16,478 |  |  | 178,513 |  |  | 20,058
(Increase) decrease in Operating income |  |  |  | $ | (63,358) |  | $ | (81,358) |  | $ | (38,167) |  | $ | (12,776) |  | $ | (69,926) |  | $ | 44,535
As a result of the transaction, U.S. Cellular recognized the following amounts in the Consolidated Balance Sheet:
|  |  |  |  |  | Year Ended December 31, 2014 |  |  |
(Dollars in thousands) | Balance December 31, 2013 |  | Costs Incurred |  | Cash Settlements (1) |  | Adjustments (2) |  | Balance December 31, 2014
Accrued compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Employee related costs including severance, retention, outplacement | $ | 2,053 |  | $ | 127 |  | $ | (1,223) |  | $ | (242) |  | $ | 715
Accounts payable - trade |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract termination costs | $ | - |  | $ | 4,018 |  | $ | - |  | $ | (1,190) |  | $ | 2,828
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract termination costs | $ | 13,992 |  | $ | 12,703 |  | $ | (22,210) |  | $ | 3,747 |  | $ | 8,232
Other deferred liabilities and credits |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract termination costs | $ | 30,849 |  | $ | 24,171 |  | $ | (3,569) |  | $ | (30,411) |  | $ | 21,040
|  |  |  |  |  | Year Ended December 31, 2013 |  |  |
(Dollars in thousands) | Balance December 31, 2012 |  | Costs Incurred |  | Cash Settlements (1) |  | Adjustments (2) |  | Balance December 31, 2013
Accrued compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Employee related costs including severance, retention, outplacement | $ | 12,305 |  | $ | 6,853 |  | $ | (11,905) |  | $ | (5,200) |  | $ | 2,053
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract termination costs | $ | 30 |  | $ | 22,675 |  | $ | (8,713) |  | $ | - |  | $ | 13,992
Other deferred liabilities and credits |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract termination costs | $ | - |  | $ | 34,283 |  | $ | (3,434) |  | $ | - |  | $ | 30,849
(1) | Cash settlement amounts are included in either the Net income or changes in Other assets and liabilities line items as part of Cash flows from operating activities in the Consolidated Statement of Cash Flows.
(2) | Adjustment to liability represents changes to previously accrued amounts.
Assets and liabilities held for sale |
At December 31, 2014 and 2013, the following assets were classified in the Consolidated Balance Sheet as "Assets held for sale" and "Liabilities held for sale":
|  |  | Current Assets |  | Other Assets and Deferred Charges |  | Licenses |  | Goodwill |  | Property, Plant and Equipment |  | Total Assets Held for Sale
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Divestiture of Spectrum Licenses | $ | - |  | $ | - |  | $ | 56,809 |  | $ | - |  | $ | - |  | $ | 56,809
Sale of Business - Towers |  | 1,466 |  |  | 773 |  |  | - |  |  | 16,281 |  |  | 31,726 |  |  | 50,246
| Total | $ | 1,466 |  | $ | 773 |  | $ | 56,809 |  | $ | 16,281 |  | $ | 31,726 |  | $ | 107,055
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Divestiture of Spectrum Licenses | $ | - |  | $ | - |  | $ | 16,027 |  | $ | - |  | $ | - |  | $ | 16,027
|  |  | Customer Deposits and Deferred Revenues |  | Other Current Liabilities |  | Other Deferred Liabilities and Credits |  | Total Liabilities Held for Sale
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
2014 |  |  |  |  |  |  |  |  |  |  |
Sale of Business - Towers | $ | 2,704 |  | $ | 896 |  | $ | 17,334 |  | $ | 20,934

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