Supplemental Financial Information

6 Months Ended

Jun. 30, 2021

Additional Financial Information Disclosure [Abstract]

Supplemental Financial Information

16) SUPPLEMENTAL FINANCIAL INFORMATION

Supplemental Cash Flow Information

	Six Months Ended
	June 30,
	2021		2020
Cash paid for interest	$	506	$	470
Cash paid for income taxes:
Continuing operations	$	144	$	98
Discontinued operations	$	38	$	2
Noncash additions to operating lease assets	$	28	$	89

Variable Interest Entities

In the normal course of business, we enter into joint ventures or make investments with business partners that support our underlying business strategy and provide us the ability to enter new markets to expand the reach of our brands, develop new programming and/or distribute our existing content. In certain instances, an entity in which we make an investment may qualify as a variable interest entity (“VIE”). In determining whether we are the primary beneficiary of a VIE, we assess whether we have the power to direct matters that most significantly impact the activities of the VIE and have the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The following tables present the amounts recorded in our consolidated financial statements related to our consolidated VIEs.

		At			At
	June 30, 2021			December 31, 2020
Total assets		$	1,476		$	1,385
Total liabilities		$	171		$	197

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020 (a)		2021		2020 (a)
Revenues	$	92	$	538	$	163	$	556
Operating income	$	3	$	500	$	8	$	498

(a) The revenue and operating income for the three and six months ended June 30, 2020 include the licensing of the streaming rights to South Park by a consolidated 51%-owned VIE.

Lease Income

We enter into operating leases for the use of our owned production facilities and office buildings. Lease payments received under these agreements consist of fixed payments for the rental of space and certain building operating costs, as well as variable payments based on usage of production facilities and services, and escalating costs of building operations. We recorded total lease income, including both fixed and variable amounts, of $35 million and $71 million for the three and six months ended June 30, 2021, respectively, and $18 million and $52 million for the three and six months ended June 30, 2020, respectively.