XML 23 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues        
Service $ 740 $ 774 $ 1,486 $ 1,545
Equipment sales 223 218 413 417
Total operating revenues 963 992 1,899 1,962
Operating expenses        
System operations (excluding Depreciation, amortization and accretion reported below) 189 193 364 376
Cost of equipment sold 260 262 488 518
Selling, general and administrative (including charges from affiliates of $21 million and $23 million, respectively, for the three months, and $43 million and $48 million, respectively, for the six months) 351 357 691 719
Depreciation, amortization and accretion 155 154 307 307
(Gain) loss on asset disposals, net 5 5 9 10
(Gain) loss on license sales and exchanges, net (2) (9) (19) (9)
Total operating expenses 958 962 1,840 1,921
Operating income 5 30 59 41
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 33 37 66 72
Interest and dividend income 2 2 5 3
Interest expense (28) (28) (56) (56)
Other, net   (1) (1)  
Total investment and other income 7 10 14 19
Income before income taxes 12 40 73 60
Income tax expense   13 33 23
Net income 12 27 40 37
Less: Net income attributable to noncontrolling interests, net of tax     2 1
Net income attributable to U.S. Cellular shareholders $ 12 $ 27 $ 38 $ 36
Basic weighted average shares outstanding 85 85 85 85
Basic earnings per share attributable to U.S. Cellular shareholders $ 0.14 $ 0.32 $ 0.45 $ 0.43
Diluted weighted average shares outstanding 86 85 86 85
Diluted earnings per share attributable to U.S. Cellular shareholders $ 0.14 $ 0.32 $ 0.44 $ 0.43