During the third quarter of 2011, U.S. Cellular discovered certain errors related to accounting for asset retirement obligations and asset retirement costs. These errors resulted in the overstatement of Total operating expenses, Property, plant and equipment, net and Other deferred liabilities and credits in 2010, 2009 and 2008. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 (“SAB 99” and “SAB 108”), U.S. Cellular evaluated these errors and determined that they were immaterial to each of the reporting periods affected and, therefore, amendments of previously filed reports were not required. However, if the adjustments to correct the cumulative errors had been recorded in the third quarter 2011, U.S. Cellular believes the impact would have been significant to the third quarter results and would have impacted comparisons to prior periods. SAB 108 provides that correcting prior year financial statements for immaterial errors does not require previously filed reports to be amended and that such corrections may be made the next time a registrant files the prior year financial statements. Although SAB 108 would permit U.S. Cellular to correct the foregoing errors the next time it files its prior year financial statements, U.S. Cellular determined to voluntarily file this Form 8-K to reflect the corrections to such prior year financial information at this time. Accordingly, U.S. Cellular is filing this Form 8-K to revise its Consolidated Statement of Operations, Statement of Changes in Equity, Statement of Cash Flows for the years ended December 31, 2010, 2009 and 2008, and the Consolidated Balance Sheet as of December 31, 2010 and 2009 for these immaterial amounts. The Consolidated Statement of Changes in Equity at December 31, 2007 was revised to reflect the cumulative effect of these adjustments which resulted in a decrease to Retained earnings of $3.3 million.

The following tables provide information regarding the impact of these revisions on selected consolidated financial data:


Year Ended or at December 31, 2010				As previously
	(Dollars in thousands)			reported (1)		Adjustment			Revised

	Depreciation, amortization and accretion		$	577,054	$	(6,099	)	$	570,955
	Total operating expenses			3,982,307		(6,099	)		3,976,208
	Operating income			195,374		6,099			201,473
	Income tax expense			79,609		2,349			81,958
	Net income			155,408		3,750			159,158
	Net income attributable to U.S. Cellular shareholders			132,324		3,750			136,074
	Basic earnings per share attributable
		to U.S. Cellular shareholders		1.54		0.04			1.58
	Diluted earnings per share attributable
		to U.S. Cellular shareholders		1.53		0.04			1.57
	Property, plant and equipment, net			2,615,072		(40,550	)		2,574,522
	Total assets			5,933,610		(40,550	)		5,893,060
	Net deferred income tax liability			579,769		3,675			583,444
	Other deferred liabilities and credits			284,949		(50,094	)		234,855
	Retained earnings			2,129,638		5,869			2,135,507

Year Ended or at December 31, 2009				As previously
	(Dollars in thousands)			reported (1)		Adjustment			Revised

	Depreciation, amortization and accretion		$	569,514	$	(4,579	)	$	564,935
	Total operating expenses			3,892,934		(4,579	)		3,888,355
	Operating income			320,946		4,579			325,525
	Income tax expense			116,086		1,764			117,850
	Net income			228,500		2,815			231,315
	Net income attributable to U.S. Cellular shareholders			206,732		2,815			209,547
	Basic earnings per share attributable
		to U.S. Cellular shareholders		2.38		0.03			2.41
	Diluted earnings per share attributable
		to U.S. Cellular shareholders		2.37		0.03			2.40
	Property, plant and equipment, net			2,601,338		(40,478	)		2,560,860
	Total assets			5,748,746		(40,478	)		5,708,268
	Net deferred income tax liability			513,994		1,326			515,320
	Other deferred liabilities and credits			262,412		(43,923	)		218,489
	Retained earnings			2,013,633		2,119			2,015,752

Year Ended or at December 31, 2008				As previously
	(Dollars in thousands)			reported (1)		Adjustment			Revised

	Depreciation, amortization and accretion		$	576,821	$	(4,172	)	$	572,649
	Total operating expenses			4,213,944		(4,172	)		4,209,772
	Operating income			28,610		4,172			32,782
	Income tax expense			7,460		1,607			9,067
	Net income			58,223		2,565			60,788
	Net income attributable to U.S. Cellular shareholders			33,140		2,565			35,705
	Basic earnings per share attributable
		to U.S. Cellular shareholders		0.38		0.03			0.41
	Diluted earnings per share attributable
		to U.S. Cellular shareholders		0.38		0.03			0.41
	Property, plant and equipment, net			2,620,225		(33,120	)		2,587,105
	Total assets			5,584,202		(33,120	)		5,551,082
	Net deferred income tax liability			478,049		(438	)		477,611
	Other deferred liabilities and credits			235,224		(31,986	)		203,238
	Retained earnings			1,822,073		(696	)		1,821,377