Supplemental Financial Information

6 Months Ended

Jun. 30, 2019

Supplemental Financial Information [Line Items]

Share-Based Compensation

Our share-based compensation plans consist primarily of awards of RSUs and stock options to certain employees and directors as part of our approach to long-term incentive compensation. Additionally, through our employee stock purchase plans, employees are able to purchase shares of our common stock at a discount through payroll deductions.

In March 2019, we granted 12.4 million RSUs and 41.9 million stock options related to our annual management awards. The weighted-average fair values associated with these grants were $39.88 per RSU and $7.91 per stock option.

Recognized Share-Based Compensation Expense



	Three Months Ended June 30				Six Months Ended June 30
(in millions)	2019		2018		2019		2018
Restricted share units	$	167	$	102	$	294	$	185
Stock options	72		61		119		105
Employee stock purchase plans	6		5		15		17
Total	$	245	$	168	$	428	$	307

As of June 30, 2019, we had unrecognized pretax compensation expense of $1.4 billion and $594 million related to nonvested RSUs and nonvested stock options, respectively.

Cash Payments for Interest and Income Taxes



	Six Months Ended June 30
(in millions)	2019		2018
Interest	$	2,111	$	1,354
Income taxes	$	1,634	$	623

Noncash Activities

During the six months ended June 30, 2019:


•	we acquired $1.6 billion of property and equipment and intangible assets that were accrued but unpaid


•	we recorded a liability of $955 million for a quarterly cash dividend of $0.21 per common share to be paid in July 2019

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheet to the total of the amounts reported in our condensed consolidated statement of cash flows.



(in millions)	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	3,919	$	3,814
Restricted cash included in other current assets	79		46
Restricted cash included in other noncurrent assets, net	21		49
Cash, cash equivalents and restricted cash, end of period	$	4,019	$	3,909

Accumulated Other Comprehensive Income (Loss)



(in millions)	June 30, 2019			June 30, 2018
Unrealized gains (losses) on marketable securities	$	5		$	—
Deferred gains (losses) on cash flow hedges	132			26
Unrecognized gains (losses) on employee benefit obligations	309			302
Cumulative translation adjustments	(508		)	133
Accumulated other comprehensive income (loss), net of deferred taxes	$	(62	)	$	461

NBCUniversal Media LLC [Member]

Supplemental Financial Information [Line Items]

Supplemental Financial Information

Leases

Our leases consist primarily of real estate and equipment. We determine if an arrangement is a lease at inception. Lease assets and liabilities are recognized upon commencement of the lease based on the present value of the future minimum lease payments over the lease term. The lease term includes options to extend the lease when it is reasonably certain that we will exercise that option. We generally utilize our incremental borrowing rate based on information available at the commencement of the lease in determining the present value of future payments. The lease asset also includes any lease payments made and initial direct costs incurred and excludes lease incentives. Lease assets and liabilities are not recorded for leases with an initial term of one year or less. Lease expense for operating leases recorded in the balance sheet is included in operating costs and expenses and is based on the future minimum lease payments recognized on a straight-line basis over the term of the lease plus any variable lease costs. Operating lease expenses, inclusive of short-term and variable lease expenses, recognized in our condensed consolidated statement of income for the three and six months ended June 30, 2019 were $110 million and $221 million, respectively. These amounts do not include lease costs associated with production activities or other amounts capitalized in our condensed consolidated balance sheet, which are not material.

The table below summarizes the operating lease assets and liabilities recorded in our condensed consolidated balance sheet.

Condensed Consolidated Balance Sheet



(in millions)	June 30, 2019
Other noncurrent assets, net	$	1,591
Accrued expenses and other current liabilities	$	166
Other noncurrent liabilities	$	1,535

The table below summarizes our future minimum rental commitments for operating leases as of June 30, 2019 applying the new accounting guidance.



(in millions)	June 30, 2019
Remaining six months of 2019	$	117
2020	250
2021	217
2022	179
2023	154
Thereafter	1,452
Total future minimum lease payments	2,369
Less: imputed interest	668
Total liability	$	1,701

The weighted average remaining lease term for operating leases and the weighted average discount rate used to calculate our operating lease liabilities as of June 30, 2019 were 15 years and 4.11%, respectively.

For the six months ended June 30, 2019, cash payments for operating leases recorded in the condensed consolidated balance sheet were $132 million. Leases that have not yet commenced and lease assets and liabilities associated with leases entered into during the period were not material.

The tables below summarize our future minimum rental commitments for operating leases as of December 31, 2018 and rent expense for operating leases for the three and six months ended June 30, 2018 using the accounting guidance in effect at that time.



(in millions)			December 31, 2018
2019			$	248
2020			$	232
2021			$	199
2022			$	168
2023			$	144
Thereafter			$	1,380

(in millions)	Three Months Ended June 30, 2018		Six Months Ended June 30, 2018
Rental expense	$	74	$	143

Cash Payments for Interest and Income Taxes



	Six Months Ended June 30
(in millions)	2019		2018
Interest	$	217	$	218
Income taxes	$	163	$	225

Noncash Activities

During the six months ended June 30, 2019, we acquired $696 million of property and equipment and intangible assets that were accrued but unpaid.

Cash, Cash Equivalents and Restricted Cash



(in millions)	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	1,244	$	1,444
Restricted cash included in other noncurrent assets, net	20		20
Cash, cash equivalents and restricted cash, end of period	$	1,264	$	1,464

Accumulated Other Comprehensive Income (Loss)



(in millions)	June 30, 2019		June 30, 2018
Deferred gains (losses) on cash flow hedges	$	9	$	8
Unrecognized gains (losses) on employee benefit obligations	135		119
Cumulative translation adjustments	151		91
Accumulated other comprehensive income (loss)	$	295	$	218