Supplemental Financial Information

9 Months Ended

Sep. 30, 2021

Supplemental Financial Information [Abstract]

Income Taxes

In the second quarter of 2021, tax law changes were enacted in the United Kingdom that, among other provisions, will increase the corporate tax rate to 25% from 19% effective April 1, 2023. The rate change resulted in an increase to our net deferred tax liabilities of $498 million and a corresponding increase to income tax expense in the second quarter of 2021. Our income tax expense in the United Kingdom will be based on the new rate beginning in 2023.

Cash Payments for Interest and Income Taxes


	Nine Months Ended September 30,
(in millions)	2021		2020
Interest	$	2,943	$	2,845
Income taxes	$	2,201	$	2,298

Noncash Activities

During the nine months ended September 30, 2021:

•we recognized operating lease assets and liabilities of $2.8 billion related to Universal Beijing Resort with lease terms of 33 years and using a weighted average discount rate of 4.4%

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

•we recorded a liability of $1.2 billion for a quarterly cash dividend of $0.25 per common share paid in October 2021

During the nine months ended September 30, 2020:

•we acquired $1.9 billion of property and equipment and intangible assets that were accrued but unpaid

•we recorded a liability of $1.1 billion for a quarterly cash dividend of $0.23 per common share paid in October 2020

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)	September 30, 2021		December 31, 2020
Cash and cash equivalents	$	11,806	$	11,740
Restricted cash included in other current assets	39		14
Restricted cash included in other noncurrent assets, net	12		14
Cash, cash equivalents and restricted cash, end of period	$	11,858	$	11,768