XML 27 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 320 $ 156
Accounts receivable    
Customers and agents, less allowances of $59 and $57, respectively 968 976
Roaming 6 7
Other, less allowances of $2 and $2, respectively 70 63
Inventory, net 206 173
Prepaid expenses 62 58
Income taxes receivable 0 123
Other current assets 41 49
Total current assets 1,673 1,605
Assets held for sale 15 18
Licenses 4,677 4,088
Investments in unconsolidated entities 441 439
Property, plant and equipment    
In service and under construction 9,352 9,056
Less: Accumulated depreciation and amortization 6,681 6,450
Property, plant and equipment, net 2,671 2,606
Operating lease right-of-use assets 944 959
Other assets and deferred charges 582 626
Total assets [1] 11,003 10,341
Current liabilities    
Current portion of long-term debt 8 3
Accounts payable    
Affiliated 14 14
Trade 314 346
Customer deposits and deferred revenues 197 191
Accrued taxes 37 33
Accrued compensation 56 83
Short-term operating lease liabilities 133 129
Other current liabilities 223 104
Total current liabilities 982 903
Deferred liabilities and credits    
Deferred income tax liability, net 705 674
Long-term operating lease liabilities 872 889
Other deferred liabilities and credits 690 573
Long-term debt, net 3,118 2,728
Commitments and contingencies
Noncontrolling interests with redemption features 12 11
UScellular 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 86 shares (33 Series A Common and 53 Common Shares) Par Value ($1.00 per share) ($33 Series A Common and $55 Common Shares) 88 88
Additional paid-in capital 1,692 1,678
Treasury shares, at cost, 3 and 2 Common Shares, respectively (75) (68)
Retained earnings 2,903 2,849
Total UScellular shareholders' equity 4,608 4,547
Noncontrolling interests 16 16
Total equity 4,624 4,563
Total liabilities and equity [1] $ 11,003 $ 10,341
[1] The consolidated total assets as of June 30, 2022 and December 31, 2021, include assets held by consolidated variable interest entities (VIEs) of $1,327 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 June 30, 2022 and December 31, 2021, include certain liabilities of consolidated VIEs of $24 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of UScellular. See Note 10 — Variable Interest Entities for additional information.