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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Total operating revenues $ 986 $ 1,010
Operating expenses    
Selling, general and administrative 345 325
Depreciation, amortization and accretion 170 171
(Gain) loss on asset disposals, net 10 2
(Gain) loss on sale of business and other exit costs, net 0 (1)
Total operating expenses 960 939
Operating income 26 71
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 44 45
Interest and dividend income 2 1
Interest expense (47) (33)
Total investment and other income (expense) (1) 13
Income before income taxes 25 84
Income tax expense 11 32
Net income 14 52
Less: Net income attributable to noncontrolling interests, net of tax 1 3
Net income attributable to UScellular shareholders $ 13 $ 49
Basic weighted average shares outstanding (in shares) 85 86
Basic earnings per share attributable to UScellular shareholders $ 0.15 $ 0.57
Diluted weighted average shares outstanding (in shares) 86 87
Diluted earnings per share attributable to UScellular shareholders $ 0.15 $ 0.57
Service    
Operating revenues    
Total operating revenues $ 767 $ 787
Operating expenses    
Cost of equipment sold 182 185
Equipment sales    
Operating revenues    
Total operating revenues 219 223
Operating expenses    
Cost of equipment sold $ 253 $ 257