Investments In Unconsolidated Entities

12 Months Ended

Dec. 31, 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.

December 31,	2021		2020
(Dollars in millions)
Equity method investments:
Capital contributions, loans, advances and adjustments	$	115	$	115
Cumulative share of income	2,460		2,278
Cumulative share of distributions	(2,118)		(1,937)
Total equity method investments	457		456
Measurement alternative method investments	22		21
Total investments in unconsolidated entities	$	479	$	477

The following tables, which are based on unaudited information provided in part by third parties, summarize the combined assets, liabilities and equity, and results of operations of TDS’ equity method investments:

December 31,	2021		2020
(Dollars in millions)
Assets
Current	$	1,257	$	1,232
Noncurrent	6,189		5,908
Total assets	$	7,446	$	7,140
Liabilities and Equity
Current liabilities	$	710	$	646
Noncurrent liabilities	1,260		1,124
Partners’ capital and shareholders’ equity	5,476		5,370
Total liabilities and equity	$	7,446	$	7,140

Year Ended December 31,	2021		2020		2019
(Dollars in millions)
Results of Operations
Revenues	$	7,127	$	6,702	$	6,929
Operating expenses	5,152		4,753		5,043
Operating income	1,975		1,949		1,886
Other income (expense), net	14		13		(24)
Net income	$	1,989	$	1,962	$	1,862