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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Total operating revenues $ 1,261 $ 1,257
Operating expenses    
Selling, general and administrative 411 397
Depreciation, amortization and accretion 235 227
(Gain) loss on asset disposals, net 4 (5)
(Gain) loss on sale of business and other exit costs, net 0 (2)
(Gain) loss on license sales and exchanges, net 0 (2)
Total operating expenses 1,189 1,163
Operating income 72 94
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 45 44
Interest and dividend income 6 9
Interest expense (37) (43)
Total investment and other income 14 10
Income before income taxes 86 104
Income tax expense 3 34
Net income 83 70
Less: Net income attributable to noncontrolling interests, net of tax 14 11
Net income attributable to TDS shareholders $ 69 $ 59
Basic weighted average shares outstanding (in shares) 115 114
Basic earnings per share attributable to TDS shareholders (in dollars per share) $ 0.60 $ 0.52
Diluted weighted average shares outstanding (in shares) 116 116
Diluted earnings per share attributable to TDS shareholders (in dollars per share) $ 0.59 $ 0.50
Service    
Operating revenues    
Total operating revenues $ 1,026 $ 995
Operating expenses    
Cost of goods and services 293 284
Equipment and product sales    
Operating revenues    
Total operating revenues 235 262
Operating expenses    
Cost of goods and services $ 246 $ 264