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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenues    
Total operating revenues $ 1,257 $ 1,225
Operating expenses    
Selling, general and administrative 397 395
Depreciation, amortization and accretion 227 221
(Gain) loss on asset disposals, net (5) 2
(Gain) loss on sale of business and other exit costs, net (2) 0
(Gain) loss on license sales and exchanges, net (2) (7)
Total operating expenses 1,163 1,145
Operating income 94 80
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 44 38
Interest and dividend income 9 5
Interest expense (43) (43)
Other, net 0 1
Total investment and other income 10 1
Income before income taxes 104 81
Income tax expense 34 24
Net income 70 57
Less: Net income attributable to noncontrolling interests, net of tax 11 18
Net income attributable to TDS shareholders $ 59 $ 39
Basic weighted average shares outstanding (in shares) 114 111
Basic earnings per share attributable to TDS shareholders (in dollars per share) $ 0.52 $ 0.35
Diluted weighted average shares outstanding (in shares) 116 113
Diluted earnings per share attributable to TDS shareholders (in dollars per share) $ 0.50 $ 0.34
Service    
Operating revenues    
Total operating revenues $ 995 $ 978
Operating expenses    
Cost of goods and services 284 288
Equipment and product sales    
Operating revenues    
Total operating revenues 262 247
Operating expenses    
Cost of goods and services $ 264 $ 246