Investments in Unconsolidated Entities

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities

Note 9 Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in entities in which UScellular holds a noncontrolling interest. UScellular's Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.

December 31,	2024		2023
(Dollars in millions)
Equity method investments:
Capital contributions, loans, advances and adjustments	$	104	$	104
Cumulative share of income	2,890		2,729
Cumulative share of distributions	(2,554)		(2,385)
Total equity method investments	440		448
Measurement alternative method investments	5		4
Investments recorded using the net asset value practical expedient	9		9
Total investments in unconsolidated entities	$	454	$	461

The following tables, which are based on unaudited information provided in part by third parties, summarize the combined assets, liabilities and equity, and results of operations of UScellular’s equity method investments:

December 31,	2024		2023
(Dollars in millions)
Assets
Current	$	1,230	$	1,003
Noncurrent	6,514		6,383
Total assets	$	7,744	$	7,386
Liabilities and Equity
Current liabilities	$	856	$	762
Noncurrent liabilities	1,628		1,148
Partners’ capital and shareholders’ equity	5,260		5,476
Total liabilities and equity	$	7,744	$	7,386

Year Ended December 31,	2024		2023		2022
(Dollars in millions)
Results of Operations
Revenues	$	7,546	$	7,277	$	7,275
Operating expenses	5,926		5,683		5,662
Operating income	1,620		1,594		1,613
Other income (expense), net	(3)		(28)		(16)
Net income	$	1,617	$	1,566	$	1,597