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v3.22.1

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Accounts receivable |  |  |
Customer and agent allowances |  | $ 59 | $ 57
Other allowances |  | $ 1 | $ 2
UScellular shareholders’ equity |  |  |
Authorized shares (in shares) |  | 190,000,000 | 190,000,000
Issued shares (in shares) |  | 88,000,000 | 88,000,000
Outstanding shares (in shares) |  | 86,000,000 | 86,000,000
Par value |  | $ 88 | $ 88
Variable Interest Entities VIEs |  |  |
Total assets | [1] | $ 10,875 | $ 10,341
Series A Common Shares |  |  |
UScellular shareholders’ equity |  |  |
Authorized shares (in shares) |  | 50,000,000 | 50,000,000
Issued shares (in shares) |  | 33,000,000 | 33,000,000
Outstanding shares (in shares) |  | 33,000,000 | 33,000,000
Par value per share (USD per share) |  | $ 1.00 | $ 1.00
Par value |  | $ 33 | $ 33
Common Shares |  |  |
UScellular shareholders’ equity |  |  |
Authorized shares (in shares) |  | 140,000,000 | 140,000,000
Issued shares (in shares) |  | 55,000,000 | 55,000,000
Outstanding shares (in shares) |  | 53,000,000 | 53,000,000
Par value per share (USD per share) |  | $ 1.00 | $ 1.00
Par value |  | $ 55 | $ 55
Variable Interest Entities VIEs |  |  |
Treasury Stock, Shares |  | 3,000,000 | 2,000,000
Consolidated Variable Interest Entities |  |  |
Variable Interest Entities VIEs |  |  |
Total assets |  | $ 1,941 | $ 1,954
Liabilities |  | 157 | 96
Consolidated Variable Interest Entities | No recourse |  |  |
Variable Interest Entities VIEs |  |  |
Liabilities |  | 23 | 23
Consolidated Variable Interest Entities | Assets held |  |  |
Variable Interest Entities VIEs |  |  |
Total assets |  | $ 1,433 | $ 1,482
[1] | The consolidated total assets as of March 31, 2022 and December 31, 2021, include assets held by consolidated variable interest entities (VIEs) of $1,433 million and $1,482 million, respectively, which are not available to be used to settle the obligations of UScellular. The consolidated total liabilities as of March 31, 2022 and December 31, 2021, include certain liabilities of consolidated VIEs of $23 million for which the creditors of the VIEs have no recourse to the general credit of UScellular. See Note 9 — Variable Interest Entities for additional information.

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