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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 341 $ 522
Accounts receivable, less allowances of $98 and $131, respectively 836 938
Prepaid expenses 104 88
Income taxes and other current assets 103 108
Total current assets 1,384 1,656
Property, plant and equipment, net 14,616 14,902
Goodwill 9,772 9,674
Other intangibles, net 2,559 2,662
Other assets 118 119
Total assets 28,449 29,013
Current liabilities:    
Long-term debt due within one year 363 363
Accounts payable 532 698
Advanced billings 290 301
Accrued Content Costs 178 164
Accrued other taxes 140 134
Accrued interest 237 437
Pension and other postretirement benefits 23 23
Other current liabilities 317 324
Total current liabilities 2,080 2,444
Deferred income taxes 2,512 2,516
Pension and other postretirement benefits 1,568 1,602
Other liabilities 437 372
Long-term debt 17,526 17,560
Equity:    
Preferred stock, $0.01 par value (50,000 authorized shares, 11.125%, Series A, 19,250 shares issued and outstanding)
Common stock, $0.25 par value (1,750,000 authorized shares, 1,192,986 issued and 1,178,203 and 1,172,553 outstanding, at March 31, 2017 and December 31, 2016, respectively) 298 298
Additional paid-in capital 5,036 5,283
Retained deficit (534) (460)
Accumulated other comprehensive loss, net of tax (326) (387)
Treasury common stock 148 215
Total equity 4,326 4,519
Total liabilities and equity $ 28,449 $ 29,013