Investments In Unconsolidated Entities

12 Months Ended

Dec. 31, 2023

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 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.

December 31,	2023		2022
(Dollars in millions)
Equity method investments:
Capital contributions, loans, advances and adjustments	$	115	$	115
Cumulative share of income	2,775		2,615
Cumulative share of distributions	(2,413)		(2,262)
Total equity method investments	477		468
Measurement alternative method investments	19		18
Investments recorded using the net asset value practical expedient	9		9
Total investments in unconsolidated entities	$	505	$	495

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,	2023		2022
(Dollars in millions)
Assets
Current	$	1,038	$	1,106
Noncurrent	6,440		6,486
Total assets	$	7,478	$	7,592
Liabilities and Equity
Current liabilities	$	765	$	767
Noncurrent liabilities	1,156		1,249
Partners’ capital and shareholders’ equity	5,557		5,576
Total liabilities and equity	$	7,478	$	7,592

Year Ended December 31,	2023		2022		2021
(Dollars in millions)
Results of Operations
Revenues	$	7,304	$	7,303	$	7,127
Operating expenses	5,704		5,684		5,152
Operating income	1,600		1,619		1,975
Other income (expense), net	(30)		(19)		14
Net income	$	1,570	$	1,600	$	1,989