CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Condensed Consolidating Financial Statements Table [Abstract]

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of September 30, 2013
							Non-
			Parent		Guarantor		Guarantor				TWC
			Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and equivalents		$	656	$	—	$	220	$	—	$	876
	Short-term investments in U.S. Treasury
		securities		250		—		—		—		250
	Receivables, net			45		—		847		—		892
	Receivables from affiliated parties			128		—		28		(156)		—
	Deferred income tax assets			4		7		298		—		309
	Other current assets			133		15		181		—		329
Total current assets				1,216		22		1,574		(156)		2,656
Investments in and amounts due from
	consolidated subsidiaries			41,913		33,488		6,218		(81,619)		—
Investments				16		54		13		—		83
Property, plant and equipment, net				—		31		14,596		—		14,627
Intangible assets subject to amortization, net				—		7		566		—		573
Intangible assets not subject to amortization				—		—		26,012		—		26,012
Goodwill				—		—		2,886		—		2,886
Other assets				510		—		84		—		594
Total assets			$	43,655	$	33,602	$	51,949	$	(81,775)	$	47,431
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$	—	$	—	$	468	$	—	$	468
	Deferred revenue and subscriber-related
		liabilities		—		—		192		—		192
	Payables to affiliated parties			28		—		128		(156)		—
	Accrued programming expense			—		—		897		—		897
	Current maturities of long-term debt			1,769		—		2		—		1,771
	Other current liabilities			476		66		1,094		—		1,636
Total current liabilities				2,273		66		2,781		(156)		4,964
Long-term debt				21,168		2,066		27		—		23,261
Deferred income tax liabilities, net				40		325		11,349		—		11,714
Long-term payables to affiliated parties				7,641		—		8,702		(16,343)		—
Other liabilities				345		1		480		—		826
TWC shareholders’ equity:
	Due to (from) TWC and subsidiaries			5,526		(11)		(5,515)		—		—
	Other TWC shareholders’ equity			6,662		31,155		34,121		(65,276)		6,662
Total TWC shareholders’ equity				12,188		31,144		28,606		(65,276)		6,662
Noncontrolling interests				—		—		4		—		4
Total equity				12,188		31,144		28,610		(65,276)		6,666
Total liabilities and equity			$	43,655	$	33,602	$	51,949	$	(81,775)	$	47,431

Condensed Consolidating Balance Sheet as of December 31, 2012
							Non-
			Parent		Guarantor		Guarantor				TWC
			Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and equivalents		$	2,174	$	—	$	1,130	$	—	$	3,304
	Short-term investments in U.S. Treasury
		securities		150		—		—		—		150
	Receivables, net			49		—		834		—		883
	Receivables from affiliated parties			35		—		29		(64)		—
	Deferred income tax assets			5		4		308		—		317
	Other current assets			54		—		169		—		223
Total current assets				2,467		4		2,470		(64)		4,877
Investments in and amounts due from
	consolidated subsidiaries			40,656		32,103		6,161		(78,920)		—
Investments				17		58		12		—		87
Property, plant and equipment, net				—		33		14,709		—		14,742
Intangible assets subject to amortization, net				—		10		631		—		641
Intangible assets not subject to amortization				—		—		26,011		—		26,011
Goodwill				—		—		2,889		—		2,889
Other assets				580		—		53		(71)		562
Total assets			$	43,720	$	32,208	$	52,936	$	(79,055)	$	49,809
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$	1	$	—	$	646	$	—	$	647
	Deferred revenue and subscriber-related
		liabilities		—		—		183		—		183
	Payables to affiliated parties			29		—		35		(64)		—
	Accrued programming expense			—		—		872		—		872
	Current maturities of long-term debt			1,516		—		2		—		1,518
	Mandatorily redeemable preferred equity			—		—		300		—		300
	Other current liabilities			631		61		1,113		—		1,805
Total current liabilities				2,177		61		3,151		(64)		5,325
Long-term debt				23,078		2,070		23		—		25,171
Deferred income tax liabilities, net				—		267		11,084		(71)		11,280
Long-term payables to affiliated parties				7,641		—		8,702		(16,343)		—
Other liabilities				275		3		472		—		750
TWC shareholders’ equity:
	Due to (from) TWC and subsidiaries			3,270		120		(3,390)		—		—
	Other TWC shareholders’ equity			7,279		29,687		32,890		(62,577)		7,279
Total TWC shareholders’ equity				10,549		29,807		29,500		(62,577)		7,279
Noncontrolling interests				—		—		4		—		4
Total equity				10,549		29,807		29,504		(62,577)		7,283
Total liabilities and equity			$	43,720	$	32,208	$	52,936	$	(79,055)	$	49,809

Schedule of Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations for the Three Months Ended September 30, 2013
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenue		$	—	$	—	$	5,518	$	—	$	5,518
Cost of revenue			—		—		2,564		—		2,564
Selling, general and administrative			—		—		949		—		949
Depreciation			—		—		790		—		790
Amortization			—		—		32		—		32
Merger-related and restructuring costs			—		—		23		—		23
Total costs and expenses			—		—		4,358		—		4,358
Operating Income			—		—		1,160		—		1,160
Equity in pretax income (loss) of
	consolidated subsidiaries		834		763		(2)		(1,595)		—
Interest expense, net			(53)		(1)		(325)		—		(379)
Other income (expense), net			—		(2)		2		—		—
Income before income taxes			781		760		835		(1,595)		781
Income tax provision			(249)		(252)		(245)		497		(249)
Net income			532		508		590		(1,098)		532
Less: Net income attributable to
	noncontrolling interests		—		—		—		—		—
Net income attributable to TWC shareholders		$	532	$	508	$	590	$	(1,098)	$	532

Condensed Consolidating Statement of Operations for the Three Months Ended September 30, 2012
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenue		$	—	$	—	$	5,363	$	—	$	5,363
Cost of revenue			—		—		2,499		—		2,499
Selling, general and administrative			—		—		918		—		918
Depreciation			—		—		789		—		789
Amortization			—		—		31		—		31
Merger-related and restructuring costs			2		—		30		—		32
Total costs and expenses			2		—		4,267		—		4,269
Operating Income (Loss)			(2)		—		1,096		—		1,094
Equity in pretax income of
	consolidated subsidiaries		1,255		803		232		(2,290)		—
Interest expense, net			(67)		(46)		(289)		—		(402)
Other income, net			1		432		63		—		496
Income before income taxes			1,187		1,189		1,102		(2,290)		1,188
Income tax provision			(379)		(431)		(307)		738		(379)
Net income			808		758		795		(1,552)		809
Less: Net income attributable to
	noncontrolling interests		—		—		(1)		—		(1)
Net income attributable to TWC shareholders		$	808	$	758	$	794	$	(1,552)	$	808

Condensed Consolidating Statement of Operations for the Nine Months Ended September 30, 2013
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenue		$	—	$	—	$	16,543	$	—	$	16,543
Cost of revenue			—		—		7,764		—		7,764
Selling, general and administrative			—		—		2,825		—		2,825
Depreciation			—		—		2,371		—		2,371
Amortization			—		—		95		—		95
Merger-related and restructuring costs			—		—		81		—		81
Total costs and expenses			—		—		13,136		—		13,136
Operating Income			—		—		3,407		—		3,407
Equity in pretax income (loss) of
	consolidated subsidiaries		2,424		2,288		(1)		(4,711)		—
Interest expense, net			(183)		(2)		(990)		—		(1,175)
Other income, net			1		1		8		—		10
Income before income taxes			2,242		2,287		2,424		(4,711)		2,242
Income tax provision			(828)		(854)		(797)		1,651		(828)
Net income			1,414		1,433		1,627		(3,060)		1,414
Less: Net income attributable to
	noncontrolling interests		—		—		—		—		—
Net income attributable to TWC shareholders		$	1,414	$	1,433	$	1,627	$	(3,060)	$	1,414

Condensed Consolidating Statement of Operations for the Nine Months Ended September 30, 2012
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenue		$	—	$	—	$	15,901	$	—	$	15,901
Cost of revenue			—		—		7,377		—		7,377
Selling, general and administrative			—		—		2,694		—		2,694
Depreciation			—		—		2,377		—		2,377
Amortization			—		—		79		—		79
Merger-related and restructuring costs			24		—		74		—		98
Total costs and expenses			24		—		12,601		—		12,625
Operating Income (Loss)			(24)		—		3,300		—		3,276
Equity in pretax income of
	consolidated subsidiaries		2,814		2,474		163		(5,451)		—
Interest expense, net			(230)		(145)		(829)		—		(1,204)
Other income, net			1		417		75		—		493
Income before income taxes			2,561		2,746		2,709		(5,451)		2,565
Income tax provision			(919)		(1,043)		(878)		1,920		(920)
Net income			1,642		1,703		1,831		(3,531)		1,645
Less: Net income attributable to
	noncontrolling interests		—		—		(3)		—		(3)
Net income attributable to TWC shareholders		$	1,642	$	1,703	$	1,828	$	(3,531)	$	1,642

Schedule of Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2013
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income		$	532	$	508	$	590	$	(1,098)	$	532
Change in accumulated unrealized losses on
	pension benefit obligation, net of tax		10		—		—		—		10
Change in accumulated deferred gains (losses)
	on cash flow hedges, net of tax		77		—		—		—		77
Other comprehensive income			87		—		—		—		87
Comprehensive income			619		508		590		(1,098)		619
Less: Comprehensive income attributable to
	noncontrolling interests		—		—		—		—		—
Comprehensive income attributable to
	TWC shareholders	$	619	$	508	$	590	$	(1,098)	$	619

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2012
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income		$	808	$	758	$	795	$	(1,552)	$	809
Change in accumulated unrealized losses on
	pension benefit obligation, net of tax		7		—		—		—		7
Change in accumulated deferred gains (losses)
	on cash flow hedges, net of tax		46		—		—		—		46
Other comprehensive income			53		—		—		—		53
Comprehensive income			861		758		795		(1,552)		862
Less: Comprehensive income attributable to
	noncontrolling interests		—		—		(1)		—		(1)
Comprehensive income attributable to
	TWC shareholders	$	861	$	758	$	794	$	(1,552)	$	861

Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income		$	1,414	$	1,433	$	1,627	$	(3,060)	$	1,414
Change in accumulated unrealized losses on
	pension benefit obligation, net of tax		56		—		—		—		56
Change in accumulated deferred gains (losses)
	on cash flow hedges, net of tax		91		—		—		—		91
Other comprehensive income			147		—		—		—		147
Comprehensive income			1,561		1,433		1,627		(3,060)		1,561
Less: Comprehensive income attributable to
	noncontrolling interests		—		—		—		—		—
Comprehensive income attributable to
	TWC shareholders	$	1,561	$	1,433	$	1,627	$	(3,060)	$	1,561

Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2012
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income		$	1,642	$	1,703	$	1,831	$	(3,531)	$	1,645
Change in accumulated unrealized losses on
	pension benefit obligation, net of tax		9		—		—		—		9
Change in accumulated deferred gains (losses)
	on cash flow hedges, net of tax		9		—		—		—		9
Other comprehensive income			18		—		—		—		18
Comprehensive income			1,660		1,703		1,831		(3,531)		1,663
Less: Comprehensive income attributable to
	noncontrolling interests		—		—		(3)		—		(3)
Comprehensive income attributable to
	TWC shareholders	$	1,660	$	1,703	$	1,828	$	(3,531)	$	1,660

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash provided (used) by operating activities		$	(239)	$	(361)	$	4,754	$	—	$	4,154
INVESTING ACTIVITIES
Capital expenditures			—		—		(2,371)		—		(2,371)
Purchases of investments			(575)		(11)		—		—		(586)
Return of capital from investees			—		7		—		—		7
Proceeds from sale, maturity and collection of
	investments		476		—		—		—		476
Acquisition of intangible assets			—		(3)		(27)		—		(30)
Other investing activities			—		—		19		—		19
Cash used by investing activities			(99)		(7)		(2,379)		—		(2,485)
FINANCING ACTIVITIES
Repayments of long-term debt			(1,500)		—		—		—		(1,500)
Redemption of mandatorily redeemable
	preferred equity		—		—		(300)		—		(300)
Repurchases of common stock			(1,856)		—		—		—		(1,856)
Dividends paid			(573)		—		—		—		(573)
Proceeds from exercise of stock options			124		—		—		—		124
Excess tax benefit from equity-based
	compensation		81		—		—		—		81
Taxes paid in cash in lieu of shares issued
	for equity-based compensation		—		—		(64)		—		(64)
Net change in investments in and amounts due
	from consolidated subsidiaries		2,552		368		(2,920)		—		—
Other financing activities			(8)		—		(1)		—		(9)
Cash provided (used) by financing activities			(1,180)		368		(3,285)		—		(4,097)
Decrease in cash and equivalents			(1,518)		—		(910)		—		(2,428)
Cash and equivalents at beginning of period			2,174		—		1,130		—		3,304
Cash and equivalents at end of period		$	656	$	—	$	220	$	—	$	876

Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2012
						Non-
		Parent		Guarantor		Guarantor				TWC
		Company		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash provided (used) by operating activities		$	41	$	(661)	$	4,735	$	—	$	4,115
INVESTING ACTIVITIES
Capital expenditures			—		—		(2,191)		—		(2,191)
Business acquisitions, net of cash acquired			(1,350)		—		10		—		(1,340)
Purchases of investments			—		(16)		(41)		—		(57)
Return of capital from investees			—		1,112		—		—		1,112
Acquisition of intangible assets			(3)		—		(24)		—		(27)
Investments in (distributions and sale
	proceeds from) consolidated subsidiaries		—		—		(363)		363		—
Other investing activities			—		—		21		—		21
Cash provided (used) by investing activities			(1,353)		1,096		(2,588)		363		(2,482)
FINANCING ACTIVITIES
Short-term borrowings, net			363		—		—		(363)		—
Proceeds from issuance of long-term debt			2,258		—		—		—		2,258
Repayments of long-term debt			(1,500)		(250)		—		—		(1,750)
Repayments of long-term debt assumed in
	acquisitions		—		—		(1,730)		—		(1,730)
Debt issuance costs			(25)		—		—		—		(25)
Repurchases of common stock			(1,287)		—		—		—		(1,287)
Dividends paid			(529)		—		—		—		(529)
Proceeds from exercise of stock options			124		—		—		—		124
Excess tax benefit from equity-based
	compensation		55		—		18		—		73
Taxes paid in cash in lieu of shares issued
	for equity-based compensation		—		—		(43)		—		(43)
Net change in investments in and amounts due
	from consolidated subsidiaries		292		(185)		(107)		—		—
Other financing activities			(16)		—		(32)		—		(48)
Cash used by financing activities			(265)		(435)		(1,894)		(363)		(2,957)
Increase (decrease) in cash and equivalents			(1,577)		—		253		—		(1,324)
Cash and equivalents at beginning of period			4,372		—		805		—		5,177
Cash and equivalents at end of period		$	2,795	$	—	$	1,058	$	—	$	3,853