Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 27

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 27
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21)Incentive and compensation plans— 17 8 (14)11 — 11 Distributions to noncontrolling interests— — — — — (2)(2)March 31, 2025$88 $1,800 $(125)$2,822 $4,585 $14 $4,599 

The accompanying notes are an integral part of these consolidated financial statements.

31

United States Cellular Corporation

Consolidated Statement of Changes in Equity

(Unaudited)

UScellular ShareholdersSeries ACommon andCommonsharesAdditionalpaid-incapitalTreasurysharesRetainedearningsTotalUScellularshareholders'equityNoncontrollinginterestsTotal equity(Dollars in millions)December 31, 2023$88 $1,726 $(80)$2,892 $4,626 $16 $4,642 Net income attributable to UScellular shareholders— — — 18 18 — 18 Incentive and compensation plans— 14 — — 14 — 14 Distributions to noncontrolling interests— — — — — (1)(1)March 31, 2024$88 $1,740 $(80)$2,910 $4,658 $15 $4,673 

The accompanying notes are an integral part of these consolidated financial statements.

32

United States Cellular Corporation

Notes to Consolidated Financial Statements

Note 1 Basis of PresentationUnited States Cellular Corporation (UScellular), a Delaware Corporation, is an 83%-owned subsidiary of Telephone and Data Systems, Inc. (TDS).The accounting policies of UScellular conform to accounting principles generally accepted in the United States of America (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). Unless otherwise specified, references to accounting provisions and GAAP in these notes refer to the requirements of the FASB ASC. The consolidated financial statements include the accounts of UScellular, subsidiaries in which it has a controlling financial interest, general partnerships in which UScellular has a majority partnership interest and certain entities in which UScellular has a variable interest that requires consolidation into the UScellular financial statements under GAAP. Intercompany accounts and transactions have been eliminated.UScellular's business segments reflected in this Quarterly Report on Form 10-Q