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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,062 $ 619
Short-term investments 0 100
Accounts receivable    
Customers and agents, less allowances of $68 and $61, respectively 930 861
Other, less allowances of $2 and $2, respectively 128 100
Inventory, net 132 145
Prepaid expenses 102 112
Income taxes receivable 3 2
Other current assets 30 27
Total current assets 2,387 1,966
Assets held for sale 42 10
Licenses 2,198 2,232
Goodwill 509 509
Other intangible assets, net of accumulated amortization of $161 and $142, respectively 260 279
Investments in unconsolidated entities 500 453
Property, plant and equipment    
In service and under construction 11,873 11,742
Less: Accumulated depreciation and amortization 8,644 8,318
Property, plant and equipment, net 3,229 3,424
Other assets and deferred charges 594 422
Total assets [1] 9,719 9,295
Current liabilities    
Current portion of long-term debt 20 20
Accounts payable 365 368
Customer deposits and deferred revenues 182 223
Accrued interest 22 11
Accrued taxes 55 64
Accrued compensation 115 126
Other current liabilities 93 106
Total current liabilities 852 918
Deferred liabilities and credits    
Deferred income tax liability, net 642 552
Other deferred liabilities and credits 542 495
Long-term debt, net 2,422 2,437
Commitments and contingencies
Noncontrolling interests with redemption features 11 1
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 113 shares (7 Series A Common and 106 Common Shares) and 111 shares (7 Series A Common and 104 Common Shares), respectively, Par Value ($.01 per share) 1 1
Capital in excess of par value 2,424 2,413
Treasury shares, at cost, 20 and 22 Common Shares, respectively (563) (669)
Accumulated other comprehensive loss (3) (1)
Retained earnings 2,683 2,525
Total TDS shareholders' equity 4,542 4,269
Noncontrolling interests 708 623
Total equity 5,250 4,892
Total liabilities and equity [1] $ 9,719 $ 9,295
[1] The consolidated total assets as of September 30, 2018 and December 31, 2017, include assets held by consolidated variable interest entities (VIEs) of $831 million and $765 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2018 and December 31, 2017, include certain liabilities of consolidated VIEs of $17 million and $21 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 10 — Variable Interest Entities for additional information.