Related Party Transactions

9 Months Ended

Sep. 30, 2020

RELATED PARTY TRANSACTIONSIn the normal course of business, the Company enters into transactions with related parties. Related parties include entities that share common directorship, such as Liberty Global plc (“Liberty Global”), Liberty Broadband Corporation ("Liberty Broadband") and their subsidiaries and equity method investees (together the “Liberty Group”). Discovery’s Board of Directors includes Mr. Malone, who is Chairman of the Board of Liberty Global and beneficially owns approximately 30% of the aggregate voting power with respect to the election of directors of Liberty Global. Mr. Malone is also Chairman of the Board of Liberty Broadband and beneficially owns approximately 48% of the aggregate voting power with respect to the election of directors of Liberty Broadband. The majority of the revenue earned from the Liberty Group relates to multi-year network distribution arrangements. Related party transactions also include revenues and expenses for content and services provided to or acquired from equity method investees, or minority partners of consolidated subsidiaries.

The table below presents a summary of the transactions with related parties (in millions).


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019 (a)		2020		2019 (a)
Revenues and service charges:
Liberty Group	$	158	$	167	$	513	$	543
Equity method investees	42		61		152		203
Other	26		14		71		42
Total revenues and service charges	$	226	$	242	$	736	$	788
Interest income	$	—	$	—	$	—	$	1
Expenses	$	(74)	$	(62)	$	(168)	$	(180)
Distributions to noncontrolling interests and redeemable noncontrolling interests	$	(14)	$	(36)	$	(216)	$	(227)

The table below presents receivables due from and payables due to related parties (in millions).


	September 30, 2020		December 31, 2019 (a)
Receivables	$	187	$	164

Payables	$	70	$	108

(a) Amounts have been revised to adjust for classification between lines and excluded balances solely within this footnote disclosure.

Revised amounts are not material to the previously issued financial statements.