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Consolidated Balance Sheet (Unaudited) (USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and equivalents $ 3,520 $ 3,663
Receivables, less allowances of $1,709 and $2,161 5,902 6,413
Inventories 1,899 1,920
Deferred income taxes 558 581
Prepaid expenses and other current assets 560 561
Total current assets 12,439 13,138
Noncurrent inventories and film costs 6,285 5,985
Investments, including available-for-sale securities 1,998 1,796
Property, plant and equipment, net 3,914 3,874
Intangible assets subject to amortization, net 2,388 2,492
Intangible assets not subject to amortization 7,834 7,827
Goodwill 30,080 29,994
Other assets 1,690 1,418
Total assets 66,628 66,524
Current liabilities    
Accounts payable and accrued liabilities 6,625 7,733
Deferred revenue 874 884
Debt due within one year 29 26
Total current liabilities 7,528 8,643
Long-term debt 18,512 16,523
Deferred income taxes 2,502 1,950
Deferred revenue 292 296
Other noncurrent liabilities 6,081 6,167
Commitments and Contingencies (Note 12)    
Equity    
Common stock, $0.01 par value, 1.650 billion and 1.641 billion shares issued and 1.052 billion and 1.099 billion shares outstanding 16 16
Paid-in-capital 156,478 157,146
Treasury stock, at cost (598 million and 542 million shares) (31,033) (29,033)
Accumulated other comprehensive loss, net (479) (632)
Accumulated deficit (93,266) (94,557)
Total Time Warner Inc. shareholders' equity 31,716 32,940
Noncontrolling interests (3) 5
Total equity 31,713 32,945
Total liabilities and equity $ 66,628 $ 66,524