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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 387 $ 522
Accounts receivable, less allowances of $73 and $131, respectively 789 938
Prepaid expenses 109 88
Income taxes and other current assets 140 108
Total current assets 1,425 1,656
Property, plant and equipment, net 14,482 14,902
Goodwill 9,102 9,674
Other intangibles, net 2,386 2,662
Other assets 116 119
Total assets 27,511 29,013
Current liabilities:    
Long-term debt due within one year 166 363
Accounts payable 523 698
Advanced billings 286 301
Accrued Content Costs 99 164
Accrued other taxes 144 134
Accrued interest 407 437
Pension and other postretirement benefits 23 23
Other current liabilities 331 324
Total current liabilities 1,979 2,444
Deferred income taxes 2,299 2,516
Pension and other postretirement benefits 1,613 1,602
Other liabilities 374 372
Long-term debt 17,680 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 (175,000 authorized shares, 79,532 issued and 78,517 and 78,170 outstanding, at June 30, 2017 and December 31, 2016, respectively) 20 20
Additional paid-in capital 5,218 5,561
Accumulated deficit (1,196) (460)
Accumulated other comprehensive loss, net of tax (329) (387)
Treasury common stock 147 215
Total equity 3,566 4,519
Total liabilities and equity $ 27,511 $ 29,013