Investments In Unconsolidated Entities

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities

Note 7 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 the equity method, measurement alternative method or net asset value practical expedient 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, 2022		December 31, 2021
(Dollars in millions)
Equity method investments	$	478	$	457
Measurement alternative method investments	18		22
Investments recorded using the net asset value practical expedient	10		—
Total investments in unconsolidated entities	$	506	$	479

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,
	2022		2021
(Dollars in millions)
Revenues	$	1,816	$	1,733
Operating expenses	1,377		1,280
Operating income	439		453
Other income (expense), net	(4)		12
Net income	$	435	$	465