Supplemental Financial Information

6 Months Ended

Jun. 30, 2016

Note 11: Supplemental Financial Information

Receivables
	June 30,		December 31,
(in millions)	2016		2015
Receivables, gross	$	7,255	$	7,595
Less: Allowance for returns and customer incentives		292		473
Less: Allowance for doubtful accounts		255		226
Receivables, net	$	6,708	$	6,896

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2016		2015
Unrealized gains (losses) on marketable securities	$	3	$	1
Deferred gains (losses) on cash flow hedges		(75)		(11)
Unrecognized gains (losses) on employee benefit obligations		8		(68)
Cumulative translation adjustments		65		(88)
Accumulated other comprehensive income (loss), net of deferred taxes	$	1	$	(166)

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2016		2015
Net income		$	4,304	$	4,316
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		4,667		4,227
	Share-based compensation		331		294
	Noncash interest expense (income), net		113		95
	Equity in net (income) losses of investees, net		30		203
	Cash received from investees		42		52
	Net (gain) loss on investment activity and other		(126)		(437)
	Deferred income taxes		618		111
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		172		(707)
	Film and television costs, net		(171)		176
	Accounts payable and accrued expenses related to trade creditors		(104)		109
	Other operating assets and liabilities		(493)		395
Net cash provided by operating activities		$	9,383	$	8,834

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2016		2015		2016		2015
Interest	$	512	$	550	$	1,235	$	1,241
Income taxes	$	1,495	$	1,881	$	1,685	$	1,999

Noncash Investing and Financing Activities

During the six months ended June 30, 2016:

• we acquired $1.2 billion of property and equipment and intangible assets that were accrued but unpaid

• we recorded a liability of $663 million for a quarterly cash dividend of $0.275 per common share to be paid in July 2016

Note 10: Supplemental Financial Information

Receivables
	June 30,		December 31,
(in millions)	2016		2015
Receivables, gross	$	5,597	$	5,949
Less: Allowance for returns and customer incentives		288		469
Less: Allowance for doubtful accounts		81		69
Receivables, net	$	5,228	$	5,411

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2016		2015
Deferred gains (losses) on cash flow hedges	$	(13)	$	14
Unrecognized gains (losses) on employee benefit obligations		3		(61)
Cumulative translation adjustments		105		(139)
Accumulated other comprehensive income (loss)	$	95	$	(186)

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2016		2015
Net income		$	2,057	$	1,862
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		879		769
	Equity in net (income) losses of investees, net		21		227
	Cash received from investees		31		38
	Net (gain) loss on investment activity and other		(92)		(38)
	Deferred income taxes		64		(33)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		145		(726)
	Film and television costs, net		(179)		172
	Accounts payable and accrued expenses related to trade creditors		(185)		6
	Other operating assets and liabilities		(263)		344
Net cash provided by operating activities		$	2,478	$	2,621

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2016		2015		2016		2015
Interest	$	219	$	209	$	285	$	242
Income taxes	$	63	$	45	$	122	$	85

Noncash Investing and Financing Activities

During the six months ended June 30, 2016:

• we acquired $215 million of property and equipment and intangible assets that were accrued but unpaid