Reportable Segments

12 Months Ended

Dec. 31, 2011

Reportable Segments Disclosure [Abstract]

Reportable Segments

14) REPORTABLE SEGMENTS

The following tables set forth the Company's financial performance by reportable segment. The Company's operating segments, which are the same as its reportable segments, have been determined in accordance with the Company's internal management structure, which is organized based upon products and services.

Year Ended December 31,			2011		2010		2009
Revenues:
	Entertainment		$	7,457	$	7,391	$	6,977
	Cable Networks			1,621		1,475		1,347
	Publishing			787		791		793
	Local Broadcasting			2,689		2,782		2,360
	Outdoor			1,894		1,819		1,723
	Eliminations			(203)		(198)		(185)
		Total Revenues	$	14,245	$	14,060	$	13,015

Revenues generated between segments primarily reflect advertising sales and television and feature film license fees. These transactions are recorded at market value as if the sales were to third parties and are eliminated in consolidation.

Year Ended December 31,			2011		2010		2009
Intercompany Revenues:
	Entertainment		$	160	$	157	$	144
	Cable Networks			1		—		1
	Local Broadcasting			20		22		20
	Outdoor			22		19		20
		Total Intercompany Revenues	$	203	$	198	$	185

The Company presents segment operating income (loss) before depreciation and amortization and impairment charges (“Segment OIBDA before Impairment Charges” or “Segment OIBDA” if there is no impairment charge) as the primary measure of profit and loss for its operating segments in accordance with FASB guidance for segment reporting. The Company believes the presentation of Segment OIBDA before Impairment Chargesis relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company's management and enhances their ability to understand the Company's operating performance.

Year Ended December 31,			2011		2010			2009
Segment OIBDA before Impairment Charges:
	Entertainment		$	1,391	$	871	$	876
	Cable Networks			707		566		461
	Publishing			90		68		50
	Local Broadcasting			849		840		513
	Outdoor			342		263		169
	Corporate			(228)		(218)		(147)
	Residual costs			(75)		(15)		(116)
	Eliminations			1		4		(2)
OIBDA before Impairment Charges				3,077		2,379		1,804
Impairment charges				—		—		(210)
Depreciation and amortization				(548)		(563)		(583)
Operating income				2,529		1,816		1,011
	Interest expense			(436)		(529)		(542)
	Interest income			7		6		6
	Loss on early extinguishment of debt			—		(81)		(30)
	Other items, net			(17)		10		(2)
Earnings before income taxes and equity in
		loss of investee companies		2,083		1,222		443
Provision for income taxes				(755)		(463)		(183)
Equity in loss of investee companies, net of tax				(37)		(35)		(33)
Net earnings from continuing operations				1,291		724		227
Earnings from discontinued operations
	before income taxes			23		—		—
Provision for income taxes				(9)		—		—
Net earnings from discontinued operations				14		—		—
Net earnings			$	1,305	$	724	$	227

Year Ended December 31,			2011		2010			2009
Operating Income (Loss):
	Entertainment		$	1,231	$	708	$	700
	Cable Networks			684		543		437
	Publishing			83		61		43
	Local Broadcasting			750		740		212
	Outdoor			107		14		(97)
	Corporate			(252)		(239)		(166)
	Residual costs			(75)		(15)		(116)
	Eliminations			1		4		(2)
		Total Operating Income	$	2,529	$	1,816	$	1,011

Year Ended December 31,			2011		2010		2009
Depreciation and Amortization:
	Entertainment		$	160	$	163	$	176
	Cable Networks			23		23		24
	Publishing			7		7		7
	Local Broadcasting			99		100		91
	Outdoor			235		249		266
	Corporate			24		21		19
		Total Depreciation and Amortization	$	548	$	563	$	583

Year Ended December 31,			2011		2010		2009
Impairment Charges:
	Local Broadcasting		$	—	$	—	$	210
		Total Impairment Charges	$	—	$	—	$	210

Year Ended December 31,			2011		2010		2009
Stock-based Compensation:
	Entertainment		$	45	$	43	$	44
	Cable Networks			4		5		6
	Publishing			3		3		4
	Local Broadcasting			22		20		21
	Outdoor			6		5		6
	Corporate			60		60		55
		Total Stock-based Compensation	$	140	$	136	$	136

Year Ended December 31,			2011		2010		2009
Capital Expenditures:
	Entertainment		$	94	$	90	$	72
	Cable Networks			15		19		8
	Publishing			7		6		5
	Local Broadcasting			69		74		71
	Outdoor			66		78		91
	Corporate			14		17		15
		Total Capital Expenditures	$	265	$	284	$	262

At December 31,			2011		2010
Assets:
	Entertainment		$	8,471	$	8,324
	Cable Networks			1,679		1,650
	Publishing			1,091		1,126
	Local Broadcasting			9,626		9,686
	Outdoor			4,092		4,256
	Corporate			1,262		1,094
	Discontinued operations			77		77
	Eliminations			(101)		(70)
		Total Assets	$	26,197	$	26,143

Year Ended December 31,			2011		2010		2009
Revenues by Type:
	Advertising		$	9,007	$	9,153	$	8,172
	Content licensing and distribution			3,254		3,071		3,120
	Affiliate and subscription fees			1,744		1,598		1,462
	Other			240		238		261
		Total Revenues	$	14,245	$	14,060	$	13,015

Year Ended December 31,			2011		2010		2009
Revenues:(a)
	United States		$	12,055	$	11,984	$	11,154
	International			2,190		2,076		1,861
		Total Revenues	$	14,245	$	14,060	$	13,015

At December 31,			2011		2010
Long-lived Assets: (b)
	United States		$	19,840	$	19,880
	International			695		754
		Total Long-lived Assets	$	20,535	$	20,634

       Transactions within the Company between the United States and international regions were not significant.

• Revenue classifications are based on customers' locations.
• Reflects total assets from both continuing and discontinued operations less current assets, investments and noncurrent deferred tax assets.