Consolidated Balance Sheet - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents		$ 565	$ 465
Accounts receivable
Customers and agents, less allowances of $76 and $74, respectively		958	1,005
Other, less allowances of $2 and $2, respectively		106	119
Inventory, net		152	169
Prepaid expenses		106	98
Income taxes receivable		160	36
Other current assets		39	29
Total current assets		2,086	1,921
Licenses		2,630	2,480
Goodwill		547	547
Other intangible assets, net of accumulated amortization of $176 and $167, respectively		226	239
Investments in unconsolidated entities		486	488
Property, plant and equipment
In service and under construction		13,160	12,864
Less: Accumulated depreciation and amortization		9,545	9,337
Property, plant and equipment, net		3,615	3,527
Operating lease right-of-use assets		985	972
Other assets and deferred charges		586	607
Total assets	[1]	11,161	10,781
Current liabilities
Current portion of long-term debt		5	10
Accounts payable		349	374
Customer deposits and deferred revenues		181	189
Accrued interest		11	11
Accrued taxes		41	41
Accrued compensation		85	121
Short-term operating lease liabilities		124	116
Other current liabilities		86	100
Total current liabilities		882	962
Deferred liabilities and credits
Deferred income tax liability, net		825	676
Long-term operating lease liabilities		938	931
Other deferred liabilities and credits		515	481
Long-term debt, net		2,487	2,316
Commitments and contingencies
Noncontrolling interests with redemption features		11	11
TDS shareholders’ equity
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) and 115 shares (7 Series A Common and 108 Common Shares), respectively Par Value ($.01 per share)		1	1
Capital in excess of par value		2,472	2,468
Treasury shares, at cost, 19 and 18 Common Shares, respectively		(479)	(479)
Accumulated other comprehensive loss		(7)	(9)
Retained earnings		2,751	2,672
Total TDS shareholders' equity		4,738	4,653
Noncontrolling interests		765	751
Total equity		5,503	5,404
Total liabilities and equity	[1]	$ 11,161	$ 10,781

[1] The consolidated total assets as of June 30, 2020 and December 31, 2019, include assets held by consolidated variable interest entities (VIEs) of $1,085 million and $915 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of June 30, 2020 and December 31, 2019, include certain liabilities of consolidated VIEs of $19 million and $20 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 10 — Variable Interest Entities for additional information.