Investments in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity and measurement alternative method investments

TDS’ Investments in unconsolidated entities are accounted for using either the equity method or measurement alternative method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.

	March 31, 2021		December 31, 2020
(Dollars in millions)
Equity method investments	$	475	$	456
Measurement alternative method investments	22		21
Total investments in unconsolidated entities	$	497	$	477

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

	Three Months Ended March 31,
	2021		2020
(Dollars in millions)
Revenues	$	1,733	$	1,662
Operating expenses	1,280		1,166
Operating income	453		496
Other income (expense), net	12		3
Net income	$	465	$	499