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Noncontrolling Interests (Notes)
 6 Months Ended
Jun. 30, 2019
Noncontrolling Interests [Abstract]  
Noncontrolling Interests Noncontrolling Interests

Noncontrolling interests represents consolidated subsidiaries of which the Company owns less than 100%. The Company is a holding company whose principal asset is a controlling equity interest in Charter Holdings, the indirect owner of the Company’s cable systems. Noncontrolling interests on the Company’s balance sheet consist primarily of Advance/Newhouse Partnership's (“A/N”) equity interests in Charter Holdings, which is comprised of a common ownership interest and a convertible preferred ownership interest.

Net income of Charter Holdings attributable to A/N’s common noncontrolling interest for financial reporting purposes is based on the effective common ownership interest of approximately 8%, and was $34 million and $60 million for the three and six months ended June 30, 2019, respectively, and $28 million and $45 million for the three and six months ended June 30, 2018, respectively. Net income of Charter Holdings attributable to A/N's preferred noncontrolling interest for financial reporting purposes is based on the preferred dividend which was $37 million and $75 million for each of the three and six months ended June 30, 2019 and 2018, respectively.

The following table represents Charter Holdings' purchase of Charter Holdings common units from A/N pursuant to the Letter Agreement (see Note 18) and the effect on total shareholders' equity during the three and six months ended June 30, 2019 and 2018.

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Number of units purchased
447,793

 
681,553

 
750,735

 
1,051,028

Average price per unit
$
358.21

 
$
295.31

 
$
338.12

 
$
312.38

Amount of units purchased
$
161

 
$
201

 
$
254

 
$
328

Decrease in noncontrolling interest based on carrying value
$
(111
)
 
$
(164
)
 
$
(185
)
 
$
(254
)
Decrease in additional paid-in-capital, net of tax
$
(37
)
 
$
(28
)
 
$
(52
)
 
$
(56
)


Total shareholders' equity was also adjusted during the three and six months ended June 30, 2019 and 2018 due to the changes in
Charter Holdings' ownership as follows.

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Decrease in noncontrolling interest
$
(23
)
 
$
(23
)
 
$
(52
)
 
$
(43
)
Increase in additional paid-in-capital, net of tax
$
17

 
$
18

 
$
39

 
$
32