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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues    
Total operating revenues $ 1,010 $ 1,023
Operating expenses    
Selling, general and administrative 325 305
Depreciation, amortization and accretion 171 170
(Gain) loss on asset disposals, net 2 5
(Gain) loss on sale of business and other exit costs, net (1) (1)
Total operating expenses 939 939
Operating income 71 84
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 45 42
Interest and dividend income 1 2
Interest expense (33) (39)
Total investment and other income 13 5
Income before income taxes 84 89
Income tax expense 32 27
Net income 52 62
Less: Net income attributable to noncontrolling interests, net of tax 3 2
Net income attributable to UScellular shareholders $ 49 $ 60
Basic weighted average shares outstanding (in shares) 86 86
Basic earnings per share attributable to UScellular shareholders (USD per share) $ 0.57 $ 0.70
Diluted weighted average shares outstanding (in shares) 87 88
Diluted earnings per share attributable to UScellular shareholders (in shares) $ 0.57 $ 0.69
Service    
Operating revenues    
Total operating revenues $ 787 $ 771
Operating expenses    
Cost of equipment sold 185 185
Equipment sales    
Operating revenues    
Total operating revenues 223 252
Operating expenses    
Cost of equipment sold $ 257 $ 275