Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statements of Operations

	Statement of Operations
	For the Year Ended December 31, 2016
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	181		$	12		$	12,973		$	—		$	13,166
Costs and expenses:
Operating	67			6			7,883			—			7,956
Selling, general and administrative	80			297			1,747			—			2,124
Depreciation and amortization	5			23			197			—			225
Pension settlement charge	211			—			—			—			211
Restructuring and merger and acquisition-related costs	—			2			36			—			38
Other operating items, net	—			—			(9		)	—			(9		)
Total costs and expenses	363			328			9,854			—			10,545
Operating income (loss)	(182		)	(316		)	3,119			—			2,621
Interest (expense) income, net	(502		)	(433		)	556			—			(379		)
Other items, net	(3		)	19			(28		)	—			(12		)
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(687		)	(730		)	3,647			—			2,230
Benefit (provision) for income taxes	212			224			(1,064		)	—			(628		)
Equity in earnings (loss) of investee companies, net of tax	1,736			1,077			(50		)	(2,813		)	(50		)
Net earnings from continuing operations	1,261			571			2,533			(2,813		)	1,552
Net loss from discontinued operations, net of tax	—			(1		)	(290		)	—			(291		)
Net earnings	$	1,261		$	570		$	2,243		$	(2,813	)	$	1,261
Total comprehensive income	$	1,264		$	595		$	2,212		$	(2,807	)	$	1,264

	Statement of Operations
	For the Year Ended December 31, 2015
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	148		$	11		$	12,512		$	—		$	12,671
Costs and expenses:
Operating	65			5			7,841			—			7,911
Selling, general and administrative	46			243			1,672			—			1,961
Depreciation and amortization	6			20			209			—			235
Restructuring charges	—			—			45			—			45
Other operating items, net	(117		)	—			(22		)	—			(139		)
Total costs and expenses	—			268			9,745			—			10,013
Operating income (loss)	148			(257		)	2,767			—			2,658
Interest (expense) income, net	(486		)	(403		)	521			—			(368		)
Other items, net	(3		)	9			(32		)	—			(26		)
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(341		)	(651		)	3,256			—			2,264
Benefit (provision) for income taxes	160			215			(1,051		)	—			(676		)
Equity in earnings (loss) of investee companies, net of tax	1,593			1,090			(34		)	(2,683		)	(34		)
Net earnings from continuing operations	1,412			654			2,171			(2,683		)	1,554
Net earnings (loss) from discontinued operations, net of tax	1			(1		)	(141		)	—			(141		)
Net earnings	$	1,413		$	653		$	2,030		$	(2,683	)	$	1,413
Total comprehensive income	$	1,378		$	660		$	2,030		$	(2,690	)	$	1,378

	Statement of Operations
	For the Year Ended December 31, 2014
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	159		$	11		$	12,349		$	—		$	12,519
Costs and expenses:
Operating	68			6			7,615			—			7,689
Selling, general and administrative	61			254			1,656			—			1,971
Depreciation and amortization	6			16			228			—			250
Restructuring charges	—			3			16			—			19
Total costs and expenses	135			279			9,515			—			9,929
Operating income (loss)	24			(268		)	2,834			—			2,590
Interest (expense) income, net	(443		)	(383		)	476			—			(350		)
Loss on early extinguishment of debt	(351		)	—			(1		)	—			(352		)
Other items, net	(1		)	4			(33		)	—			(30		)
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(771		)	(647		)	3,276			—			1,858
Benefit (provision) for income taxes	280			229			(1,168		)	—			(659		)
Equity in earnings (loss) of investee companies, net of tax	3,444			1,270			(48		)	(4,714		)	(48		)
Net earnings from continuing operations	2,953			852			2,060			(4,714		)	1,151
Net earnings (loss) from discontinued operations, net of tax	6			(2		)	1,804			—			1,808
Net earnings	$	2,959		$	850		$	3,864		$	(4,714	)	$	2,959
Total comprehensive income	$	2,769		$	857		$	3,819		$	(4,676	)	$	2,769

Condensed Consolidating Balance Sheets

	Balance Sheet
	At December 31, 2016
	CBS Corp.			CBS Operations Inc.		Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Assets
Cash and cash equivalents	$	321		$	—	$	277		$	—		$	598
Receivables, net	27			2		3,285			—			3,314
Programming and other inventory	3			3		1,421			—			1,427
Prepaid expenses and other current assets	102			55		297			(35		)	419
Current assets of discontinued operations	—			—		305			—			305
Total current assets	453			60		5,585			(35		)	6,063
Property and equipment	47			201		2,687			—			2,935
Less accumulated depreciation and amortization	25			140		1,529			—			1,694
Net property and equipment	22			61		1,158			—			1,241
Programming and other inventory	5			7		2,427			—			2,439
Goodwill	98			62		4,704			—			4,864
Intangible assets	—			—		2,633			—			2,633
Investments in consolidated subsidiaries	44,473			13,853		—			(58,326		)	—
Other assets	150			8		2,549			—			2,707
Intercompany	—			1,785		26,976			(28,761		)	—
Assets of discontinued operations	—			3		4,288			—			4,291
Total Assets	$	45,201		$	15,839	$	50,320		$	(87,122	)	$	24,238
Liabilities and Stockholders’ Equity
Accounts payable	$	1		$	3	$	144		$	—		$	148
Participants’ share and royalties payable	—			—		1,024			—			1,024
Program rights	4			4		282			—			290
Commercial paper	450			—		—			—			450
Current portion of long-term debt	6			—		17			—			23
Accrued expenses and other current liabilities	421			284		948			(35		)	1,618
Current liabilities of discontinued operations	—			—		155			—			155
Total current liabilities	882			291		2,570			(35		)	3,708
Long-term debt	8,798			—		104			—			8,902
Other liabilities	3,071			244		2,173			—			5,488
Liabilities of discontinued operations	—			—		2,451			—			2,451
Intercompany	28,761			—		—			(28,761		)	—
Stockholders’ Equity:
Preferred stock	—			—		126			(126		)	—
Common stock	1			123		590			(713		)	1
Additional paid-in capital	43,913			—		60,894			(60,894		)	43,913
Retained earnings (deficit)	(19,257		)	15,483		(13,838		)	(1,645		)	(19,257		)
Accumulated other comprehensive income (loss)	(767		)	29		50			(79		)	(767		)
	23,890			15,635		47,822			(63,457		)	23,890
Less treasury stock, at cost	20,201			331		4,800			(5,131		)	20,201
Total Stockholders’ Equity	3,689			15,304		43,022			(58,326		)	3,689
Total Liabilities and Stockholders’ Equity	$	45,201		$	15,839	$	50,320		$	(87,122	)	$	24,238

	Balance Sheet
	At December 31, 2015
	CBS Corp.			CBS Operations Inc.		Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Assets
Cash and cash equivalents	$	267		$	1	$	49		$	—		$	317
Receivables, net	28			2		3,345			—			3,375
Programming and other inventory	3			3		1,264			—			1,270
Prepaid expenses and other current assets	192			26		274			(30		)	462
Current assets of discontinued operations	—			—		323			—			323
Total current assets	490			32		5,255			(30		)	5,747
Property and equipment	46			180		2,654			—			2,880
Less accumulated depreciation and amortization	20			118		1,489			—			1,627
Net property and equipment	26			62		1,165			—			1,253
Programming and other inventory	6			9		1,942			—			1,957
Goodwill	98			62		4,629			—			4,789
Intangible assets	—			—		2,639			—			2,639
Investments in consolidated subsidiaries	42,744			12,775		—			(55,519		)	—
Other assets	163			11		2,459			—			2,633
Intercompany	—			2,248		23,988			(26,236		)	—
Assets of discontinued operations	—			—		4,747			—			4,747
Total Assets	$	43,527		$	15,199	$	46,824		$	(81,785	)	$	23,765
Liabilities and Stockholders’ Equity
Accounts payable	$	1		$	4	$	154		$	—		$	159
Participants’ share and royalties payable	—			—		1,013			—			1,013
Program rights	4			4		364			—			372
Current portion of long-term debt	206			—		16			—			222
Accrued expenses and other current liabilities	418			229		1,034			(30		)	1,651
Current liabilities of discontinued operations	—			1		142			—			143
Total current liabilities	629			238		2,723			(30		)	3,560
Long-term debt	8,113			—		113			—			8,226
Other liabilities	2,961			252		2,064			—			5,277
Liabilities of discontinued operations	25			—		1,114			—			1,139
Intercompany	26,236			—		—			(26,236		)	—
Stockholders’ Equity:
Preferred stock	—			—		126			(126		)	—
Common stock	1			123		590			(713		)	1
Additional paid-in capital	44,055			—		60,894			(60,894		)	44,055
Retained earnings (deficit)	(20,518		)	14,913		(16,081		)	1,168			(20,518		)
Accumulated other comprehensive income (loss)	(770		)	4		81			(85		)	(770		)
	22,768			15,040		45,610			(60,650		)	22,768
Less treasury stock, at cost	17,205			331		4,800			(5,131		)	17,205
Total Stockholders’ Equity	5,563			14,709		40,810			(55,519		)	5,563
Total Liabilities and Stockholders’ Equity	$	43,527		$	15,199	$	46,824		$	(81,785	)	$	23,765

Condensed Consolidating Statement of Cash Flows

	Statement of Cash Flows
	For the Year Ended December 31, 2016
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(846	)	$	(157	)	$	2,688		$	—	$	1,685
Investing Activities:
Acquisitions	—			—			(92		)	—		(92		)
Capital expenditures	—			(33		)	(163		)	—		(196		)
Investments in and advances to investee companies	—			—			(81		)	—		(81		)
Proceeds from dispositions	(4		)	—			24			—		20
Other investing activities	15			—			—			—		15
Net cash flow provided by (used for) investing activities from continuing operations	11			(33		)	(312		)	—		(334		)
Net cash flow used for investing activities from discontinued operations	—			(1		)	(5		)	—		(6		)
Net cash flow provided by (used for) investing activities	11			(34		)	(317		)	—		(340		)
Financing Activities:
Proceeds from short-term debt borrowings, net	450			—			—			—		450
Proceeds from issuance of senior notes	684			—			—			—		684
Repayment of senior debentures	(199		)	—			—			—		(199		)
Proceeds from debt borrowings of CBS Radio	—			—			1,452			—		1,452
Repayment of debt borrowings of CBS Radio	—			—			(110		)	—		(110		)
Payment of capital lease obligations	—			—			(18		)	—		(18		)
Dividends	(288		)	—			—			—		(288		)
Purchase of Company common stock	(2,997		)	—			—			—		(2,997		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(58		)	—			—			—		(58		)
Proceeds from exercise of stock options	21			—			—			—		21
Excess tax benefit from stock-based compensation	17			—			—			—		17
Increase (decrease) in intercompany payables	3,259			190			(3,449		)	—		—
Net cash flow provided by (used for) financing activities	889			190			(2,125		)	—		(1,046		)
Net increase (decrease) in cash and cash equivalents	54			(1		)	246			—		299
Cash and cash equivalents at beginning of year (includes $6 of discontinued operations cash)	267			1			55			—		323
Cash and cash equivalents at end of year (includes $24 of discontinued operations cash)	$	321		$	—		$	301		$	—	$	622

	Statement of Cash Flows
	For the Year Ended December 31, 2015
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(634	)	$	(201	)	$	2,229		$	—	$	1,394
Investing Activities:
Acquisitions	—			—			(12		)	—		(12		)
Capital expenditures	—			(16		)	(155		)	—		(171		)
Investments in and advances to investee companies	—			—			(98		)	—		(98		)
Proceeds from sale of investments	79			—			1			—		80
Proceeds from dispositions	318			—			65			—		383
Other investing activities	(3		)	—			—			—		(3		)
Net cash flow provided by (used for) investing activities from continuing operations	394			(16		)	(199		)	—		179
Net cash flow used for investing activities from discontinued operations	(3		)	—			(22		)	—		(25		)
Net cash flow provided by (used for) investing activities	391			(16		)	(221		)	—		154
Financing Activities:
Repayments of short-term debt borrowings, net	(616		)	—			—			—		(616		)
Proceeds from issuance of senior notes	1,959			—			—			—		1,959
Payment of capital lease obligations	—			—			(17		)	—		(17		)
Dividends	(300		)	—			—			—		(300		)
Purchase of Company common stock	(2,813		)	—			—			—		(2,813		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(96		)	—			—			—		(96		)
Proceeds from exercise of stock options	142			—			—			—		142
Excess tax benefit from stock-based compensation	88			—			—			—		88
Increase (decrease) in intercompany payables	2,083			217			(2,300		)	—		—
Net cash flow provided by (used for) financing activities	447			217			(2,317		)	—		(1,653		)
Net increase (decrease) in cash and cash equivalents	204			—			(309		)	—		(105		)
Cash and cash equivalents at beginning of year (includes $6 of discontinued operations cash)	63			1			364			—		428
Cash and cash equivalents at end of year (includes $6 of discontinued operations cash)	$	267		$	1		$	55		$	—	$	323

	Statement of Cash Flows
	For the Year Ended December 31, 2014
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(1,107	)	$	(194	)	$	2,576		$	—	$	1,275
Investing Activities:
Acquisitions	—			—			(2		)	—		(2		)
Capital expenditures	—			(27		)	(151		)	—		(178		)
Investments in and advances to investee companies	—			—			(98		)	—		(98		)
Proceeds from sale of investments	—			—			12			—		12
Proceeds from dispositions	—			—			4			—		4
Other investing activities	(4		)	—			—			—		(4		)
Net cash flow used for investing activities from continuing operations	(4		)	(27		)	(235		)	—		(266		)
Net cash flow used for investing activities from discontinued operations	(29		)	—			(306		)	—		(335		)
Net cash flow used for investing activities	(33		)	(27		)	(541		)	—		(601		)
Financing Activities:
Proceeds from short-term debt borrowings, net	141			—			—			—		141
Proceeds from issuance of senior notes	1,728			—			—			—		1,728
Repayment of notes and debentures	(1,146		)	—			(6		)	—		(1,152		)
Proceeds from debt borrowings of Outdoor Americas	(5		)	—			1,574			—		1,569
Proceeds from IPO of Outdoor Americas	—			—			613			—		613
Payment of capital lease obligations	—			—			(17		)	—		(17		)
Dividends	(292		)	—			—			—		(292		)
Purchase of Company common stock	(3,595		)	—			—			—		(3,595		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(146		)	—			—			—		(146		)
Proceeds from exercise of stock options	283			—			—			—		283
Excess tax benefit from stock-based compensation	243			—			—			—		243
Other financing activities	(9		)	—			(9		)	—		(18		)
Increase (decrease) in intercompany payables	3,921			221			(4,142		)	—		—
Net cash flow provided by (used for) financing activities	1,123			221			(1,987		)	—		(643		)
Net (decrease) increase in cash and cash equivalents	(17		)	—			48			—		31
Cash and cash equivalents at beginning of year (includes $33 of discontinued operations cash)	80			1			316			—		397
Cash and cash equivalents at end of year (includes $6 of discontinued operations cash)	$	63		$	1		$	364		$	—	$	428