Exhibit 12

UNITED STATES CELLULAR CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31,

		2016		2015		2014		2013		2012
(Dollars in millions)
EARNINGS:
Income (loss) before income taxes1		$	82	$	404	$	(59)	$	258	$	205
Add (deduct):
	Equity in earnings of unconsolidated entities		(140)		(140)		(130)		(132)		(90)
	Distributions from unconsolidated entities		93		60		112		126		84
	Amortization of capitalized interest		6		6		6		4		1
	Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges		(1)		(6)		(2)		(7)		(30)
			40		324		(73)		249		170
Add fixed charges:
	Consolidated interest expense2		113		86		57		44		42
	Interest portion (1/3) of consolidated rent expense		54		51		51		54		61
		$	207	$	461	$	35	$	347	$	273
FIXED CHARGES:
	Consolidated interest expense2	$	113	$	86	$	57	$	44	$	42
	Capitalized interest		1		3		6		18		18
	Interest portion (1/3) of consolidated rent expense		54		51		51		54		61
		$	168	$	140	$	114	$	116	$	121
RATIO OF EARNINGS TO FIXED CHARGES			1.23		3.29		*		2.99		2.26
1	Includes gain on sale of business and other exit costs, net of $114 million, $33 million and $247 million in 2015, 2014 and 2013, respectively, and loss on sale of business and other exit costs, net of $21 million in 2012.
	Includes gain on license sales and exchanges, net of $19 million, $147 million, $113 million and $255 million in 2016, 2015, 2014 and 2013, respectively.
	Includes gain on investments of $19 million in 2013 and loss on investments of $4 million in 2012.
2	Interest expense on income tax contingencies is not included in fixed charges.
*	Earnings in 2014 were inadequate to cover Fixed charges by $79 million.