Debt (Table)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Debt instrument facilities

The following table summarizes the terms of the revolving credit facility as of June 30, 2016:

(Dollars in millions)
Maximum borrowing capacity		$	300
Letters of credit outstanding		$	17
Amount borrowed		$	–
Amount available for use		$	283
Illustrative borrowing rate: One-month London Interbank Offered Rate ("LIBOR") plus contractual spread1			2.18%
	Illustrative LIBOR Rate		0.43%
	Contractual spread		1.75%
Commitment fees on amount available for use2			0.30%
Agreement date			June 2016
Maturity date			June 2021
1	Borrowings under the revolving credit facility bear interest either at a LIBOR rate or at an alternative Base Rate as defined in the revolving credit agreement, plus an applicable margin, at U.S. Cellular’s option.  U.S. Cellular may select a borrowing period of either one, two, three or six months (or other period of twelve months or less if requested by U.S. Cellular and approved by the lenders).
2	The revolving credit facility has commitment fees based on the unsecured senior debt ratings assigned to U.S. Cellular by certain ratings agencies.