Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities

UScellular's 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	$	104	$	104
Cumulative share of income	2,417		2,238
Cumulative share of distributions	(2,090)		(1,914)
Total equity method investments	431		428
Measurement alternative method investments	8		7
Total investments in unconsolidated entities	$	439	$	435

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 UScellular’s equity method investments:

December 31,	2021		2020
(Dollars in millions)
Assets
Current	$	1,223	$	1,199
Noncurrent	6,129		5,849
Total assets	$	7,352	$	7,048
Liabilities and Equity
Current liabilities	$	707	$	643
Noncurrent liabilities	1,249		1,112
Partners’ capital and shareholders’ equity	5,396		5,293
Total liabilities and equity	$	7,352	$	7,048

Year Ended December 31,	2021		2020		2019
(Dollars in millions)
Results of Operations
Revenues	$	7,100	$	6,677	$	6,903
Operating expenses	5,130		4,733		5,022
Operating income	1,970		1,944		1,881
Other income (expense), net	15		16		(22)
Net income	$	1,985	$	1,960	$	1,859