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Investments in Unconsolidated Entities
6 Months Ended
Jun. 30, 2016
Investments in Unconsolidated Entities [Abstract]  
Investments in Unconsolidated Entities

Note 7 Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in wireless entities in which U.S. Cellular holds a noncontrolling interest.  These investments are accounted for using either the equity or cost method.

The following table, which is based in part on information provided by third parties, summarizes the combined results of operations of U.S. Cellular’s equity method investments.

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2016

 

2015

 

2016

 

2015

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

1,636 

 

$ 

1,721 

 

$ 

3,318 

 

$ 

3,451 

Operating expenses

 

1,168 

 

 

1,277 

 

 

2,398 

 

 

2,564 

Operating income

 

468 

 

 

444 

 

 

920 

 

 

887 

Other income (expense), net

 

(3)

 

 

(10)

 

 

(6)

 

 

(5)

Net income

$

465 

 

$ 

434 

 

$ 

914 

 

$ 

882