Income Taxes (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The (provision) benefit for income taxes represents federal, state and local, and foreign income taxes on earnings before income taxes and equity in loss of investee companies.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Provision for income taxes before discrete items	$	(128	)	$	(111	)	$	(240	)	$	(245	)
Tax benefit from transfer of assets (a)	—			—			768			—
Provision for gain on sale of assets (b)	—			—			(163		)	—
Other discrete items	9			(2		)	12			(3		)
(Provision) benefit for income taxes	$	(119	)	(113		)	$	377		$	(248	)
Effective income tax rate	20.8		%	21.2		%	(22.5		)%	20.8		%

(a) Reflects a deferred tax benefit resulting from the transfer of intangible assets between subsidiaries of the Company in connection with a reorganization of the Company’s international operations. The related deferred tax asset is primarily expected to be realized over the next 25 years.

(b) Reflects the tax provision from the gain on the sale of CBS Television City.