Segment and Revenue Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Revenues by Segment

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
Revenues:
Entertainment	$	2,741		$	2,402		$	5,917		$	5,155
Cable Networks	562			553			1,114			1,124
Publishing	218			207			382			367
Local Media	423			420			880			835
Corporate/Eliminations	(135		)	(116		)	(317		)	(254		)
Total Revenues	$	3,809		$	3,466		$	7,976		$	7,227

Intercompany Revenues by Segment

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Intercompany Revenues:
Entertainment	$	135	$	118	$	318	$	257
Cable Networks	1		—		2		—
Local Media	6		5		11		10
Total Intercompany Revenues	$	142	$	123	$	331	$	267

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
Segment Operating Income (Loss):
Entertainment	$	426		$	367		$	956		$	853
Cable Networks	185			245			360			481
Publishing	33			31			50			47
Local Media	130			128			268			246
Corporate	(72		)	(77		)	(139		)	(152		)
Restructuring and other corporate matters	(7		)	(35		)	(121		)	(44		)
Gain on sale of assets	—			—			549			—
Operating income	695			659			1,923			1,431
Interest expense	(115		)	(116		)	(232		)	(234		)
Interest income	12			14			26			31
Other items, net	(21		)	(24		)	(42		)	(35		)
Earnings before income taxes and equity in loss of investee companies	571			533			1,675			1,193
(Provision) benefit for income taxes	(119		)	(113		)	377			(248		)
Equity in loss of investee companies, net of tax	(12		)	(20		)	(29		)	(34		)
Net earnings	$	440		$	400		$	2,023		$	911

Depreciation and Amortization, Stock-based Compensation and Capital Expenditures

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Depreciation and Amortization:
Entertainment	$	29	$	32	$	59	$	63
Cable Networks	6		4		10		9
Publishing	2		2		3		3
Local Media	9		11		20		22
Corporate	7		7		14		15
Total Depreciation and Amortization	$	53	$	56	$	106	$	112

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Stock-based Compensation:
Entertainment	$	17	$	16	$	33	$	31
Cable Networks	3		3		6		6
Publishing	1		1		2		2
Local Media	3		3		6		6
Corporate	12		24		28		46
Total Stock-based Compensation	$	36	$	47	$	75	$	91

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Capital Expenditures:
Entertainment	$	23	$	20	$	43	$	38
Cable Networks	1		3		4		6
Publishing	2		1		2		2
Local Media	5		5		7		9
Corporate	2		3		4		7
Total Capital Expenditures	$	33	$	32	$	60	$	62

Assets by Segment

	At			At
	June 30, 2019			December 31, 2018
Assets:
Entertainment (a)		$	14,816		$	13,579
Cable Networks		3,238			2,693
Publishing		1,231			1,054
Local Media		4,156			4,037
Corporate/Eliminations		381			484
Discontinued operations		13			12
Total Assets		$	23,835		$	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				Six Months Ended
	June 30,				June 30,
Revenues by Type	2019		2018		2019		2018
Advertising	$	1,424	$	1,327	$	3,468	$	3,060
Content licensing and distribution:
Programming	1,006		889		1,805		1,724
Publishing	218		207		382		367
Affiliate and subscription fees	1,113		989		2,224		1,968
Other	48		54		97		108
Total Revenues	$	3,809	$	3,466	$	7,976	$	7,227