TWC SHAREHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2013

Time Warner Cable Shareholders Equity Disclosure [Abstract]

TWC Shareholders' Equity Disclosure

8.       TWC SHAREHOLDERS' EQUITY

Changes in Common Stock

Changes in the Company's common stock from January 1 through September 30are presented below (in millions):

	2013		2012
Balance at beginning of period		297.7		315.0
Shares issued under equity-based compensation plan		3.8		4.4
Shares repurchased and retired		(18.6)		(16.1)
Balance at end of period		282.9		303.3

Common Stock Repurchase Program

On July 25, 2013, the Company's Board of Directors increased the remaining authorization under its existing common stock repurchase program (the “Stock Repurchase Program”), which was $775 million as of July 24, 2013, to an aggregate of up to $4.0 billion of TWC common stock effective July 25, 2013. As of September 30,2013, the Company had $3.614billion remaining under the Stock Repurchase Program. Purchases under the Stock Repurchase Program may be made from time to time on the open market and in privately negotiated transactions. The size and timing of the Company's purchases under the Stock Repurchase Program are based on a number of factors, including business and market conditions, financial capacity and TWC's common stock price. For the nine months endedSeptember 30,2013, the Company repurchased 18.6 million shares of TWC common stock for $1.844billion, including 0.2 million shares repurchased for $21 million that settled in October2013.

Accumulated Other Comprehensive Loss, Net

Changes in accumulated other comprehensive loss, net, included in TWC shareholders' equity from January 1 through September 30are presented below (in millions):

	2013		2012
Balance at beginning of period	$	(663)	$	(559)
Other comprehensive income before reclassifications, net of tax		105		30
Amounts reclassified from accumulated other comprehensive loss, net of tax		42		(12)
Other comprehensive income, net of tax		147		18
Balance at end of period	$	(516)	$	(541)

The following table summarizes the changes in the components of accumulated other comprehensive loss, net, (e.g., unrealized losses on pension benefit obligation and deferred gains (losses) on cash flow hedges) included in TWC shareholders' equity from January 1 through September 30 (in millions):

		2013		2012
Accumulated unrealized losses on pension benefit obligation:
Balance at beginning of period		$	(708)	$	(541)
Other comprehensive income (loss) before reclassifications, net of tax			21		(17)
Amounts reclassified from accumulated other comprehensive loss, net of tax:
	Amortization of actuarial loss(a)		56		44
	Income tax benefit		(21)		(18)
	Amortization of actuarial loss, net of tax		35		26
Other comprehensive income, net of tax			56		9
Balance at end of period		$	(652)	$	(532)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period		$	45	$	(18)
Other comprehensive income before reclassifications, net of tax			84		47
Amounts reclassified from accumulated other comprehensive loss, net of tax:
	Effective portion of (gain) loss on cash flow hedges(b)		9		(64)
	Income tax provision (benefit)		(2)		26
	Effective portion of (gain) loss on cash flow hedges, net of tax		7		(38)
Other comprehensive income, net of tax			91		9
Balance at end of period		$	136	$	(9)

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• Amounts are included in the computation of net periodic benefit costs as discussed further in Note 10.
• Amounts are recorded in other income, net, in the consolidated statement of operations as discussed further in Note 6.