Segment and Revenue Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Revenues by Segment

	Three Months Ended
	March 31,
	2019			2018
Revenues:
Entertainment	$	3,176		$	2,753
Cable Networks	552			571
Publishing	164			160
Local Media	457			415
Corporate/Eliminations	(182		)	(138		)
Total Revenues	$	4,167		$	3,761

Intercompany Revenues by Segment

	Three Months Ended
	March 31,
	2019		2018
Intercompany Revenues:
Entertainment	$	183	$	139
Cable Networks	1		—
Local Media	5		5
Total Intercompany Revenues	$	189	$	144

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

	Three Months Ended
	March 31,
	2019			2018
Segment Operating Income (Loss):
Entertainment	$	530		$	486
Cable Networks	175			236
Publishing	17			16
Local Media	138			118
Corporate	(67		)	(75		)
Restructuring and other corporate matters	(114		)	(9		)
Gain on sale of assets	549			—
Operating income	1,228			772
Interest expense	(117		)	(118		)
Interest income	14			17
Other items, net	(21		)	(11		)
Earnings before income taxes and equity in loss of investee companies	1,104			660
Benefit (provision) for income taxes	496			(135		)
Equity in loss of investee companies, net of tax	(17		)	(14		)
Net earnings	$	1,583		$	511

Depreciation and Amortization, Stock-based Compensation and Capital Expenditures

	Three Months Ended
	March 31,
	2019		2018
Depreciation and Amortization:
Entertainment	$	30	$	31
Cable Networks	4		5
Publishing	1		1
Local Media	11		11
Corporate	7		8
Total Depreciation and Amortization	$	53	$	56

	Three Months Ended
	March 31,
	2019		2018
Stock-based Compensation:
Entertainment	$	16	$	15
Cable Networks	3		3
Publishing	1		1
Local Media	3		3
Corporate	16		22
Total Stock-based Compensation	$	39	$	44

	Three Months Ended
	March 31,
	2019		2018
Capital Expenditures:
Entertainment	$	20	$	18
Cable Networks	3		3
Publishing	—		1
Local Media	2		4
Corporate	2		4
Total Capital Expenditures	$	27	$	30

Assets by Segment

	At			At
	March 31, 2019			December 31, 2018
Assets:
Entertainment (a)		$	14,981		$	13,579
Cable Networks		3,200			2,693
Publishing		1,201			1,054
Local Media		4,181			4,037
Corporate/Eliminations		498			484
Discontinued operations		14			12
Total Assets		$	24,075		$	21,859

(a) Includes assets held for sale of $33 million at December 31, 2018.

Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues.

	Three Months Ended
	March 31,
Revenues by Type	2019		2018
Advertising	$	2,044	$	1,733
Content licensing and distribution:
Programming	799		835
Publishing	164		160
Affiliate and subscription fees	1,111		979
Other	49		54
Total Revenues	$	4,167	$	3,761