Investments In Unconsolidated Entities

9 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities

Note 8 Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in entities in which TDS holds a noncontrolling interest. 

TDS’ Investments in unconsolidated entities are accounted for using either the equity method or measurement alternative method as shown in the table below. The measurement alternative method was elected for investments without readily determinable fair values formerly accounted for under the cost method. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.

	September 30, 2019		December 31, 2018
(Dollars in millions)
Equity method investments	$	490	$	459
Measurement alternative method investments	21		21
Total investments in unconsolidated entities	$	511	$	480

The following table, which is based in part on information provided by third parties, summarizes the combined results of operations of TDS’ equity method investments.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
(Dollars in millions)
Revenues	$	1,721		$	1,699		$	5,077		$	5,023
Operating expenses	1,247			1,234			3,660			3,651
Operating income	474			465			1,417			1,372
Other income (expense), net	(2		)	(3		)	(4		)	(3		)
Net income	$	472		$	462		$	1,413		$	1,369