Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2016



	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

Intercompany Revenues by Segment



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

Segment Operating Income (Loss) and Reconciliation to Net Earnings (Loss)



	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 ended March 31, 2016 and 2015, and for 2016, also includes a multiyear, retroactive impact of a new operating tax.

Depreciation and Amortization by Segment



	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

Stock-based Compensation by Segment



	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

Capital Expenditures by Segment



	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

Assets by Segment



	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