Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | United States Cellular Corporation |
Entity Central Index Key | 0000821130 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Year (1) Summary Compensation Table Total for Therivel (2) Compensation Actually Paid to Therivel (3) Summary Compensation Table Total for Meyers (2) Compensation Actually Paid to Meyers (3) Average Compensation Table Total for Non-PEO Named Executive Officers (2) Average Compensation Actually Paid to Non-PEO Named Executive Officers (3) Value of Initial Fixed $100 Investment Based On: (4) Net Income ROC (6) Total Shareholder Return Peer Group Total Shareholder Return (5) ($) ($) ($) ($) ($) ($) ($) ($) ($) (%) 2022 $ 6,908,886 $ (2,341,165) N/A N/A $ 2,521,829 $ 845,152 $ 58.00 $ 81.00 $ 34,766,807 1.5% 2021 $ 6,438,260 $ 10,105,410 N/A N/A $ 2,461,077 $ 2,394,782 $ 87.00 $ 86.00 $ 159,773,095 4.3% 2020 $ 9,234,730 $ 4,710,075 $ 8,663,596 $ 6,204,143 $ 2,416,338 $ 2,001,881 $ 85.00 $ 94.00 $ 233,135,149 5.1% (1) The Principal Executive Officer ("PEO") and NEOs for the applicable years were as follows: 2022 and 2021: Laurent C. Therivel served as the Company's PEO for the entirety of 2022 and the company's other NEOs were: Douglas W. Chambers, Michael S. Irizarry; and Deirdre C. Drake. 2020: Laurent C. Therivel assumed the role of PEO on July 1, 2020 and Kenneth R. Meyers, served as the PEO during 2020 through June 30, 2020. The Company's other NEOs for 2020 were: Douglas W. Chambers; Jay M. Ellison; Michael S. Irizarry; and Deirdre C. Drake. (2) Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Messrs. Therivel and Meyers, and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for our other NEOs reported for the applicable year other than the PEO for such years. (3) To calculate compensation actually paid, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Messrs. Therivel and Meyers and for the average of the other NEOs is set forth following the footnotes to this table. (4) Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance. (5) The TSR Peer Group consists of the component companies of the Dow Jones U.S. Telecommunications Index. (6) The LTICC selected Return on Capital as our Company selected metric, which is calculated as earnings before interest, adjusted for income tax impacts, divided by the sum of total debt, right of use lease liabilities, and total equity. This metric is the sole metric used to measure performance under the PSU awards. Compensation Actually Paid Adjustments (a) Year Summary Compensation Table Total (Minus) Grant Date Fair Value of Awards Granted in Fiscal Year Plus Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year Plus/(Minus) Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year Plus Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year Plus/(Minus) Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year Equals Compensation Actually Paid Laurent C. Therivel 2022 $ 6,908,886 $ (4,699,725) $ 2,386,970 $ (6,960,168) $ 22,872 — $ (2,341,165) 2021 $ 6,438,260 $ (4,638,653) $ 3,663,810 $ 4,631,245 $ 10,748 — $ 10,105,410 2020 $ 9,234,730 $ (6,749,987) $ 2,225,332 $ — $ — — $ 4,710,075 Kenneth R. Meyers 2022 N/A N/A N/A N/A N/A N/A N/A 2021 N/A N/A N/A N/A N/A N/A N/A 2020 $ 8,663,596 $ (6,972,071) — — $ 6,228,981 $ (1,716,363) $ 6,204,143 Other NEO's (Average) 2022 $ 2,521,829 $ (1,468,151) $ 746,755 $ (953,035) — $ (2,246) $ 845,152 2021 $ 2,461,077 $ (1,397,275) $ 1,104,556 $ 51,562 — $ 174,862 $ 2,394,782 2020 $ 2,416,338 $ (1,357,995) $ 1,496,206 $ (313,329) — $ (239,339) $ 2,001,881 (a) The assumptions used to calculate compensation actually paid are consistent with the methodology used for financial reporting purposes. | ||
Company Selected Measure Name | Return on Capital | ||
Named Executive Officers, Footnote [Text Block] | The Principal Executive Officer ("PEO") and NEOs for the applicable years were as follows: 2022 and 2021: Laurent C. Therivel served as the Company's PEO for the entirety of 2022 and the company's other NEOs were: Douglas W. Chambers, Michael S. Irizarry; and Deirdre C. Drake. 2020: Laurent C. Therivel assumed the role of PEO on July 1, 2020 and Kenneth R. Meyers, served as the PEO during 2020 through June 30, 2020. The Company's other NEOs for 2020 were: Douglas W. Chambers; Jay M. Ellison; Michael S. Irizarry; and Deirdre C. Drake. | ||
Peer Group Issuers, Footnote [Text Block] | The TSR Peer Group consists of the component companies of the Dow Jones U.S. Telecommunications Index. | ||
Adjustment To PEO Compensation, Footnote [Text Block] | Compensation Actually Paid Adjustments (a) Year Summary Compensation Table Total (Minus) Grant Date Fair Value of Awards Granted in Fiscal Year Plus Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year Plus/(Minus) Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year Plus Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year Plus/(Minus) Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year Equals Compensation Actually Paid Laurent C. Therivel 2022 $ 6,908,886 $ (4,699,725) $ 2,386,970 $ (6,960,168) $ 22,872 — $ (2,341,165) 2021 $ 6,438,260 $ (4,638,653) $ 3,663,810 $ 4,631,245 $ 10,748 — $ 10,105,410 2020 $ 9,234,730 $ (6,749,987) $ 2,225,332 $ — $ — — $ 4,710,075 Kenneth R. Meyers 2022 N/A N/A N/A N/A N/A N/A N/A 2021 N/A N/A N/A N/A N/A N/A N/A 2020 $ 8,663,596 $ (6,972,071) — — $ 6,228,981 $ (1,716,363) $ 6,204,143 Other NEO's (Average) 2022 $ 2,521,829 $ (1,468,151) $ 746,755 $ (953,035) — $ (2,246) $ 845,152 2021 $ 2,461,077 $ (1,397,275) $ 1,104,556 $ 51,562 — $ 174,862 $ 2,394,782 2020 $ 2,416,338 $ (1,357,995) $ 1,496,206 $ (313,329) — $ (239,339) $ 2,001,881 (a) The assumptions used to calculate compensation actually paid are consistent with the methodology used for financial reporting purposes. | ||
Non-PEO NEO Average Total Compensation Amount | $ 2,521,829 | $ 2,461,077 | $ 2,416,338 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 845,152 | 2,394,782 | 2,001,881 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | Compensation Actually Paid Adjustments (a) Year Summary Compensation Table Total (Minus) Grant Date Fair Value of Awards Granted in Fiscal Year Plus Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year Plus/(Minus) Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year Plus Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year Plus/(Minus) Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year Equals Compensation Actually Paid Laurent C. Therivel 2022 $ 6,908,886 $ (4,699,725) $ 2,386,970 $ (6,960,168) $ 22,872 — $ (2,341,165) 2021 $ 6,438,260 $ (4,638,653) $ 3,663,810 $ 4,631,245 $ 10,748 — $ 10,105,410 2020 $ 9,234,730 $ (6,749,987) $ 2,225,332 $ — $ — — $ 4,710,075 Kenneth R. Meyers 2022 N/A N/A N/A N/A N/A N/A N/A 2021 N/A N/A N/A N/A N/A N/A N/A 2020 $ 8,663,596 $ (6,972,071) — — $ 6,228,981 $ (1,716,363) $ 6,204,143 Other NEO's (Average) 2022 $ 2,521,829 $ (1,468,151) $ 746,755 $ (953,035) — $ (2,246) $ 845,152 2021 $ 2,461,077 $ (1,397,275) $ 1,104,556 $ 51,562 — $ 174,862 $ 2,394,782 2020 $ 2,416,338 $ (1,357,995) $ 1,496,206 $ (313,329) — $ (239,339) $ 2,001,881 (a) The assumptions used to calculate compensation actually paid are consistent with the methodology used for financial reporting purposes. | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
Compensation Actually Paid vs. Net Income [Text Block] | |||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Tabular List [Table Text Block] | The following is a list of financial performance measures, which in the Company's assessment represent the most important financial performance measures used by the Company to link compensation actually paid to the NEOs for 2022. Please see the Compensation Discussion & Analysis for further information regarding these measures and how they were used in the 2022 executive compensation program, including the Officer Annual Incentive Plan and the 2022 performance share units. • Return on Capital • Consolidated Total Service Revenues • Consolidated Operating Cash Flow • Consolidated Capital Expenditures | ||
Total Shareholder Return Amount | $ 58 | 87 | 85 |
Peer Group Total Shareholder Return Amount | 81 | 86 | 94 |
Net Income (Loss) | $ 34,766,807 | $ 159,773,095 | $ 233,135,149 |
Company Selected Measure Amount | 1.5 | 4.3 | 5.1 |
Additional 402(v) Disclosure [Text Block] | Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance. | ||
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Return on Capital | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Consolidated Total Service Revenues | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Consolidated Operating Cash Flow | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Consolidated Capital Expenditures | ||
Laurent C. Therivel [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 6,908,886 | $ 6,438,260 | $ 9,234,730 |
PEO Actually Paid Compensation Amount | $ (2,341,165) | $ 10,105,410 | $ 4,710,075 |
PEO Name | Laurent C. Therivel | Laurent C. Therivel | Laurent C. Therivel |
Kenneth R. Meyers [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 8,663,596 | ||
PEO Actually Paid Compensation Amount | $ 6,204,143 | ||
PEO Name | Kenneth R. Meyers | ||
PEO [Member] | Laurent C. Therivel [Member] | Grant Date Fair Value of Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (4,699,725) | $ (4,638,653) | $ (6,749,987) |
PEO [Member] | Laurent C. Therivel [Member] | Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 2,386,970 | 3,663,810 | 2,225,332 |
PEO [Member] | Laurent C. Therivel [Member] | Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (6,960,168) | 4,631,245 | 0 |
PEO [Member] | Laurent C. Therivel [Member] | Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 22,872 | 10,748 | 0 |
PEO [Member] | Laurent C. Therivel [Member] | Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
PEO [Member] | Kenneth R. Meyers [Member] | Grant Date Fair Value of Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (6,972,071) | ||
PEO [Member] | Kenneth R. Meyers [Member] | Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
PEO [Member] | Kenneth R. Meyers [Member] | Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
PEO [Member] | Kenneth R. Meyers [Member] | Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 6,228,981 | ||
PEO [Member] | Kenneth R. Meyers [Member] | Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,716,363) | ||
Non-PEO NEO [Member] | Grant Date Fair Value of Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,468,151) | (1,397,275) | (1,357,995) |
Non-PEO NEO [Member] | Fiscal Year-End Fair Value of Outstanding and Unvested Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 746,755 | 1,104,556 | 1,496,206 |
Non-PEO NEO [Member] | Change in Fair Value of Outstanding and Unvested Awards Granted in Prior Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (953,035) | 51,562 | (313,329) |
Non-PEO NEO [Member] | Vesting Date Fair Value of Awards Granted and Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Change in Fair Value of Awards Granted in Prior Fiscal Years that Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (2,246) | $ 174,862 | $ (239,339) |