Investments In Unconsolidated Entities

9 Months Ended

Sep. 30, 2021

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 carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.

	September 30, 2021		December 31, 2020
(Dollars in millions)
Equity method investments	$	487	$	456
Measurement alternative method investments	22		21
Total investments in unconsolidated entities	$	509	$	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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
(Dollars in millions)
Revenues	$	1,763	$	1,640	$	5,245	$	4,889
Operating expenses	1,250		1,142		3,752		3,407
Operating income	513		498		1,493		1,482
Other income (expense), net	5		(3)		15		(2)
Net income	$	518	$	495	$	1,508	$	1,480