Consolidated Balance Sheet - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents		$ 1,076	$ 465
Accounts receivable
Customers and agents, less allowances of $69 and $74, respectively		949	1,005
Other, less allowances of $2 and $2, respectively		107	119
Inventory, net		164	169
Prepaid expenses		109	98
Income taxes receivable		226	36
Other current assets		39	29
Total current assets		2,670	1,921
Assets held for sale		19	0
Licenses		2,637	2,480
Goodwill		547	547
Other intangible assets, net of accumulated amortization of $183 and $167, respectively		219	239
Investments in unconsolidated entities		508	488
Property, plant and equipment
In service and under construction		13,375	12,864
Less: Accumulated depreciation and amortization		9,648	9,337
Property, plant and equipment, net		3,727	3,527
Operating lease right-of-use assets		988	972
Other assets and deferred charges		580	607
Total assets	[1]	11,895	10,781
Current liabilities
Current portion of long-term debt		3	10
Accounts payable		399	374
Customer deposits and deferred revenues		168	189
Accrued interest		24	11
Accrued taxes		63	41
Accrued compensation		107	121
Short-term operating lease liabilities		125	116
Other current liabilities		76	100
Total current liabilities		965	962
Deferred liabilities and credits
Deferred income tax liability, net		893	676
Long-term operating lease liabilities		938	931
Other deferred liabilities and credits		530	481
Long-term debt, net		2,970	2,316
Commitments and contingencies
Noncontrolling interests with redemption features		10	11
TDS shareholders’ equity
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) and 115 shares (7 Series A Common and 108 Common Shares), respectively Par Value ($.01 per share)		1	1
Capital in excess of par value		2,479	2,468
Treasury shares, at cost, 19 and 18 Common Shares, respectively		(478)	(479)
Accumulated other comprehensive loss		(7)	(9)
Retained earnings		2,809	2,672
Total TDS shareholders' equity		4,804	4,653
Noncontrolling interests		785	751
Total equity		5,589	5,404
Total liabilities and equity	[1]	$ 11,895	$ 10,781

[1] The consolidated total assets as of September 30, 2020 and December 31, 2019, include assets held by consolidated variable interest entities (VIEs) of $1,070 million and $915 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 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.