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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenues    
Total operating revenues $ 966 $ 942
Operating expenses    
Selling, general and administrative (including charges from affiliates of $20 million and $19 million, respectively) 326 326
Depreciation, amortization and accretion 169 159
(Gain) loss on asset disposals, net 2 1
(Gain) loss on sale of business and other exit costs, net (2) 0
(Gain) loss on license sales and exchanges, net (2) (7)
Total operating expenses 902 877
Operating income 64 65
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 44 38
Interest and dividend income 6 4
Interest expense (29) (29)
Other, net 0 (1)
Total investment and other income 21 12
Income before income taxes 85 77
Income tax expense 27 22
Net income 58 55
Less: Net income attributable to noncontrolling interests, net of tax 4 10
Net income attributable to U.S. Cellular shareholders $ 54 $ 45
Basic weighted average shares outstanding (in shares) 86 85
Basic earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.63 $ 0.52
Diluted weighted average shares outstanding (in shares) 88 86
Diluted earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.62 $ 0.52
Service    
Operating revenues    
Total operating revenues $ 741 $ 724
Operating expenses    
Cost of equipment sold 176 179
Equipment sales    
Operating revenues    
Total operating revenues 225 218
Operating expenses    
Cost of equipment sold $ 233 $ 219