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Equipment Installment Plans | 3 Months Ended
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Mar. 31, 2016
Disclosure [Text Block] |
Equipment Installment Plans | Note 3 Equipment Installment Plans U.S. Cellular offers customers, through its owned and agent distribution channels, the option to purchase certain devices under equipment installment contracts over a specified time period. For certain equipment installment plans (“EIP”), after a specifie d period of time or amount of payments, the customer may have the right to upgrade to a new device and have the remaining unpaid equipment installment contract balance waived, subject to certain conditions, including trading in the original device in good working condition and signing a new equipment installment contract. U.S. Cellular values this trade-in right as a guarantee liability. The guarantee liability is initially measured at fair value and is determined based on assumptions including the probab ility and timing of the customer upgrading to a new device and the fair value of the device being traded-in at the time of trade-in. As of March 31, 2016 and December 31, 201 5, the guarantee liability related to these plans was $77 million and $93 million, respectively, and is reflected in Customer deposits and deferred revenues in the Consolidated Balance Sheet. U.S. Cellular equipment installment plans do not provide for explicit interest charges. For equipment installment plans with a duration of greater than twelve months, U.S. Cellular imputes interest. Equipment installment plan receivables had a weighted averag e effective imputed interest rate of 9.9% and 9.7% as of March 31, 2016 and December 31, 2015, respectively. The followi ng table summarizes unbilled equipment installment plan receivables as of March 31, 2016 and December 31, 2015. Such amounts are included in the Consolidated Balance Sheet as Accounts receivable – customers and agents and Other assets and deferred charges, where applicable.
| March 31, 2016 |  | December 31, 2015
(Dollars in millions) |  |  |  |  |
Short-term portion of unbilled equipment installment plan receivables, gross | $ | 300 |  | $ | 279
Short-term portion of unbilled deferred interest |  | (23) |  |  | (21)
Short-term portion of unbilled allowance for credit losses |  | (16) |  |  | (14)
Short-term portion of unbilled equipment installment plan receivables, net | $ | 261 |  | $ | 244
Long-term portion of unbilled equipment installment plan receivables, gross | $ | 91 |  | $ | 76
Long-term portion of unbilled deferred interest |  | (3) |  |  | (2)
Long-term portion of unbilled allowance for credit losses |  | (7) |  |  | (6)
Long-term portion of unbilled equipment installment plan receivables, net | $ | 81 |  | $ | 68
U.S. Cellular assesses the collectability of the equipment installment plan receivables based on historical payment experience, account aging and other qualitative factors and provides an allowance for estimated losses. The credit profiles of U.S. Cellular’s customers on equip ment installment plans are similar to those of U.S. Cellular customers with traditional subsidized plans. Customers with a higher risk credit profile are required to make a deposit for equipment purchased through an installment contract.

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e4975-111524 + Details
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