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Consolidated Statement of Operations (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statement of Operations        
Revenues $ 4,944 $ 4,734 $ 9,771 $ 9,333
Costs and expenses:        
Costs of revenues 2,297 [1] 2,205 [1] 4,569 [1] 4,384 [1]
Selling, general and administrative 823 [1] 780 [1] 1,647 [1] 1,531 [1]
Depreciation 744 749 1,488 1,492
Amortization 8 62 14 127
Merger-related and restructuring costs 9 20 15 31
Total costs and expenses 3,881 3,816 7,733 7,565
Operating Income 1,063 918 2,038 1,768
Interest expense, net (366) (341) (729) (688)
Other expense, net (32) (18) (62) (33)
Income before income taxes 665 559 1,247 1,047
Income tax provision (244) (217) (500) (490)
Net income 421 342 747 557
Less: Net income attributable to noncontrolling interests (1) 0 (2) (1)
Net income attributable to TWC shareholders $ 420 $ 342 $ 745 $ 556
Net income per common share attributable to TWC common shareholders:        
Basic (in US dollars per share) $ 1.25 $ 0.96 $ 2.18 $ 1.56
Diluted (in US dollars per share) $ 1.24 $ 0.95 $ 2.16 $ 1.55
Average common shares outstanding:        
Basic (in shares) 334.0 354.8 338.7 353.9
Diluted (in shares) 339.6 360.1 344.6 358.5
Cash dividends declared per share of common stock (in US dollars per share) $ 0.48 $ 0.40 $ 0.96 $ 0.80
[1] Costs of revenues and selling, general and administrative expenses exclude depreciation.