XML 37 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 352 $ 586
Short-term investments 50 0
Accounts receivable    
Customers and agents, less allowances of $55 and $51, respectively 775 658
Roaming 26 16
Affiliated 1 2
Other, less allowances of $1 and $1, respectively 41 51
Inventory, net 138 138
Prepaid expenses 79 84
Other current assets 21 23
Total current assets 1,483 1,558
Assets held for sale 10 8
Licenses 2,223 1,886
Goodwill 0 370
Investments in unconsolidated entities 415 413
Property, plant and equipment    
In service and under construction 7,628 7,712
Less: Accumulated depreciation and amortization 5,308 5,242
Property, plant and equipment, net 2,320 2,470
Other assets and deferred charges 390 405
Total assets [1] 6,841 7,110
Current liabilities    
Current portion of long-term debt 18 11
Accounts payable    
Affiliated 8 12
Trade 302 309
Customer deposits and deferred revenues 185 190
Accrued taxes 56 39
Accrued compensation 74 73
Other current liabilities 90 84
Total current liabilities 733 718
Deferred liabilities and credits    
Deferred income tax liability, net 461 826
Other deferred liabilities and credits 337 302
Long-term debt, net 1,622 1,618
Commitments and contingencies  
Noncontrolling interests with redemption features 1 1
U.S. Cellular shareholders' equity    
Series A Common and Common Shares Authorized 190 shares (50 Series A Common and 140 Common Shares) Issued 88 shares (33 Series A Common and 55 Common Shares) Outstanding 85 shares (33 Series A Common and 52 Common Shares) Par Value ($1.00 per share)($33 Series A Common and $55 Common Shares) 88 88
Additional paid-in capital 1,552 1,522
Treasury shares, at cost, 3 Common Shares (120) (136)
Retained earnings 2,157 2,160
Total U.S. Cellular shareholders' equity 3,677 3,634
Noncontrolling interests 10 11
Total equity 3,687 3,645
Total liabilities and equity [1] $ 6,841 $ 7,110
[1] The consolidated total assets as of December 31, 2017 and 2016 include assets held by consolidated VIEs of $785 million and $827 million, respectively, which are not available to be used to settle the obligations of U.S. Cellular. The consolidated total liabilities as of December 31, 2017 and 2016 include certain liabilities of consolidated VIEs of $24 million and $19 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of U.S. Cellular. See Note 13 — Variable Interest Entities for additional information.