Reportable Segments

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Reportable Segments

12) REPORTABLE SEGMENTS

The following tables set forth the Company’s financial performance by reportable segment. The Company’s operating segments, which are the same as its reportable segments, have been determined in accordance with the Company’s internal management structure, which is organized based upon products and services.

	Three Months Ended
	March 31,
	2016			2015
Revenues:
Entertainment	$	2,587		$	2,261
Cable Networks	525			539
Publishing	145			145
Local Broadcasting	649			596
Corporate/Eliminations	(57		)	(41		)
Total Revenues	$	3,849		$	3,500

Revenues generated between segments primarily reflect advertising sales and television license fees. These transactions are recorded at market value as if the sales were to third parties and are eliminated in consolidation.

	Three Months Ended
	March 31,
	2016		2015
Intercompany Revenues:
Entertainment	$	61	$	40
Local Broadcasting	3		3
Total Intercompany Revenues	$	64	$	43

The Company presents operating income (loss) excluding restructuring charges, impairment charges, and other operating items, net, if any, (“Segment Operating Income”) as the primary measure of profit and loss for its operating segments in accordance with FASB guidance for segment reporting. The Company believes the presentation of Segment Operating Income is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company’s management and enhances their ability to understand the Company’s operating performance.

	Three Months Ended
	March 31,
	2016			2015
Segment Operating Income (Loss):
Entertainment	$	449		$	346
Cable Networks	228			251
Publishing	13			12
Local Broadcasting	206			161
Corporate	(84		)	(68		)
Total Segment Operating Income	812			702
Other operating items, net (a)	9			19
Operating income	821			721
Interest expense	(100		)	(93		)
Interest income	7			5
Other items, net	(3		)	(23		)
Earnings before income taxes and equity in loss of investee companies	725			610
Provision for income taxes	(231		)	(203		)
Equity in loss of investee companies, net of tax	(21		)	(13		)
Net earnings	$	473		$	394

(a) Other operating items, net includes gains from the sales of Internet businesses in China for the three months endedMarch 31, 2016 and 2015, and for 2016, also includes a multiyear, retroactive impact of a new operating tax.

	Three Months Ended
	March 31,
	2016		2015
Depreciation and Amortization:
Entertainment	$	30	$	32
Cable Networks	6		6
Publishing	1		1
Local Broadcasting	19		21
Corporate	8		8
Total Depreciation and Amortization	$	64	$	68

	Three Months Ended
	March 31,
	2016		2015
Stock-based Compensation:
Entertainment	$	15	$	16
Cable Networks	3		3
Publishing	1		1
Local Broadcasting	7		7
Corporate	17		19
Total Stock-based Compensation	$	43	$	46

	Three Months Ended
	March 31,
	2016		2015
Capital Expenditures:
Entertainment	$	13	$	8
Cable Networks	2		1
Publishing	3		—
Local Broadcasting	11		7
Corporate	9		1
Total Capital Expenditures	$	38	$	17

	At			At
	March 31, 2016			December 31, 2015
Assets:
Entertainment		$	10,888		$	10,910
Cable Networks		2,405			2,369
Publishing		809			880
Local Broadcasting		9,013			9,105
Corporate		361			476
Discontinued operations		25			25
Total Assets		$	23,501		$	23,765