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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Total operating revenues $ 963 $ 966
Operating expenses    
Selling, general and administrative (including charges from affiliates of $19 million and $20 million, respectively) 335 326
Depreciation, amortization and accretion 177 169
(Gain) loss on asset disposals, net 4 2
(Gain) loss on sale of business and other exit costs, net 0 (2)
(Gain) loss on license sales and exchanges, net 0 (2)
Total operating expenses 913 902
Operating income 50 64
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 45 44
Interest and dividend income 4 6
Interest expense (24) (29)
Other, net 1 0
Total investment and other income 26 21
Income before income taxes 76 85
Income tax expense 4 27
Net income 72 58
Less: Net income attributable to noncontrolling interests, net of tax 1 4
Net income attributable to U.S. Cellular shareholders $ 71 $ 54
Basic weighted average shares outstanding (in shares) 86 86
Basic earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.82 $ 0.63
Diluted weighted average shares outstanding (in shares) 88 88
Diluted earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.81 $ 0.62
Service    
Operating revenues    
Total operating revenues $ 762 $ 741
Operating expenses    
Cost of equipment sold 180 176
Equipment sales    
Operating revenues    
Total operating revenues 201 225
Operating expenses    
Cost of equipment sold $ 217 $ 233