Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2016

Guarantees [Abstract]

Consolidated Statement of Comprehensive Income

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended June 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	898		$	746		$	—		$	1,644
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			357			321			—			678
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		1			—			235			235			—			471
Depreciation and amortization		—			—			133			29			—			162
Restructuring charges		—			—			3			6			—			9
Operating (loss)/income		(1	)		—			170			155			—			324
Interest income		1			227			8			2			(237	)		1
Interest expense		—			(88	)		(231	)		(10	)		237			(92	)
Foreign currency exchange transaction losses, net		—			—			(2	)		(5	)		—			(7	)
Other (expense)/income, net		—			(2	)		(4	)		4			—			(2	)
Income/(loss) from continuing operations before income taxes and equity in net income of subsidiaries and affiliates		—			137			(59	)		146			—			224
(Provision)/benefit for income taxes		—			(48	)		13			(56	)		—			(91	)
Equity in net income of subsidiaries		131			35			178			—			(344	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		131			124			131			91			(344	)		133
Less net income attributable to noncontrolling interests		—			—			—			2			—			2
Net income attributable to controlling interest		131			124			131			89			(344	)		131
Total other comprehensive income		83			88			83			98			(267	)		85
Total other comprehensive income attributable to noncontrolling interests		—			—			—			2			—			2
Total other comprehensive income attributable to controlling interests		83			88			83			96			(267	)		83
Total comprehensive income		214			212			214			189			(611	)		218
Comprehensive income attributable to noncontrolling interests		—			—			—			4			—			4
Total comprehensive income attributable to controlling interest	$	214		$	212		$	214		$	185		$	(611	)	$	214

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended June 30, 2016

(IN MILLIONS)	Parent			Issuers			Guarantor			Non- Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	913		$	683		$	—		$	1,596
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			332			322			—			654
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		2			—			248			224			—			474
Depreciation and amortization		—			—			122			30			—			152
Restructuring charges		—			—			13			21			—			34
Operating (loss)/income		(2	)		—			198			86			—			282
Interest income		—			222			10			1			(232	)		1
Interest expense		(1	)		(77	)		(227	)		(10	)		232			(83	)
Foreign currency exchange transaction losses, net		—			—			—			(4	)		—			(4	)
Other income/(expense), net		—			—			14			(14	)		—			—
(Loss)/income from continuing operations before income taxes and equity in net income/(loss) of subsidiaries and affiliates		(3	)		145			(5	)		59			—			196
Provision for income taxes		—			(51	)		(2	)		(29	)		—			(82	)
Equity in net income of subsidiaries		116			25			124			—			(265	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		113			119			116			31			(265	)		114
Less net income attributable to noncontrolling interests		—			—			—			1			—			1
Net income attributable to controlling interest		113			119			116			30			(265	)		113
Total other comprehensive loss		(42	)		(48	)		(42	)		(49	)		137			(44	)
Total other comprehensive loss attributable to noncontrolling interests		—			—			—			(2	)		—			(2	)
Total other comprehensive loss attributable to controlling interests		(42	)		(48	)		(42	)		(47	)		137			(42	)
Total comprehensive income/(loss)		71			71			74			(18	)		(128	)		70
Comprehensive loss attributable to noncontrolling interests		—			—			—			(1	)		—			(1	)
Total comprehensive income/(loss) attributable to controlling interest	$	71		$	71		$	74		$	(17	)	$	(128	)	$	71

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the six months ended June 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	1,759		$	1,411		$	—		$	3,170
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			696			643			—			1,339
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		2			—			489			451			—			942
Depreciation and amortization		—			—			258			59			—			317
Restructuring charges		—			—			18			23			—			41
Operating (loss)/income		(2	)		—			298			235			—			531
Interest income		1			444			17			3			(463	)		2
Interest expense		—			(173	)		(453	)		(19	)		463			(182	)
Foreign currency exchange transaction losses, net		—			—			(3	)		(6	)		—			(9	)
Other (expense)/income, net		—			(2	)		(22	)		22			—			(2	)
(Loss)/income from continuing operations before income taxes and equity in net income of subsidiaries and affiliates		(1	)		269			(163	)		235			—			340
(Provision)/benefit for income taxes		—			(94	)		57			(97	)		—			(134	)
Equity in net income of subsidiaries		203			278			310			—			(791	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		202			453			203			139			(791	)		206
Less net income attributable to noncontrolling interests		—			—			—			4			—			4
Net income attributable to controlling interest		202			453			203			135			(791	)		202
Total other comprehensive income		160			171			160			176			(502	)		165
Total other comprehensive income attributable to noncontrolling interests		—			—			—			5			—			5
Total other comprehensive income attributable to controlling interests		160			171			160			171			(502	)		160
Total comprehensive income		362			624			363			315			(1,293	)		371
Comprehensive income attributable to noncontrolling interests		—			—			—			9			—			9
Total comprehensive income attributable to controlling interest	$	362		$	624		$	363		$	306		$	(1,293	)	$	362

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the six months ended June 30, 2016

(IN MILLIONS)	Parent			Issuer			Guarantor			Non- Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	1,784		$	1,299		$	—		$	3,083
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			663			632			—			1,295
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		2			—			507			430			—			939
Depreciation and amortization		—			—			241			58			—			299
Restructuring charges		—			—			18			26			—			44
Operating (loss)/income		(2	)		—			355			153			—			506
Interest income		—			432			19			2			(451	)		2
Interest expense		(2	)		(151	)		(441	)		(19	)		451			(162	)
Foreign currency exchange transaction losses, net		—			—			(1	)		(4	)		—			(5	)
Other (expense)/income, net		—			(1	)		22			(21	)		—			—
(Loss)/income from continuing operations before income taxes and equity in net income/(loss) of subsidiaries and affiliates		(4	)		280			(46	)		111			—			341
(Provision)/benefit for income taxes		—			(98	)		26			(54	)		—			(126	)
Equity in net income of subsidiaries		217			15			238			—			(470	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		213			197			217			58			(470	)		215
Less net income attributable to noncontrolling interests		—			—			—			2			—			2
Net income attributable to controlling interest		213			197			217			56			(470	)		213
Total other comprehensive income		48			66			48			43			(158	)		47
Total other comprehensive loss attributable to noncontrolling interests		—			—			—			(1	)		—			(1	)
Total other comprehensive income attributable to controlling interests		48			66			48			44			(158	)		48
Total comprehensive income		261			263			265			101			(628	)		262
Comprehensive income attributable to noncontrolling interests		—			—			—			1			—			1
Total comprehensive income attributable to controlling interests	$	261		$	263		$	265		$	100		$	(628	)	$	261

Consolidated Balance Sheet

Nielsen Holdings plc

Condensed Consolidated Balance Sheet (Unaudited)

June 30, 2017

								Non-
(IN MILLIONS)	Parent		Issuers		Guarantor			Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	3	$	1	$	(5	)	$	511	$	—		$	510
Trade and other receivables, net		—		—		587			780		—			1,367
Prepaid expenses and other current assets		—		—		212			128		—			340
Intercompany receivables		1		1,031		301			97		(1,430	)		—
Total current assets		4		1,032		1,095			1,516		(1,430	)		2,217
Non-current assets
Property, plant and equipment, net		—		—		292			162		—			454
Goodwill		—		—		6,029			2,262		—			8,291
Other intangible assets, net		—		—		4,546			512		—			5,058
Deferred tax assets		2		15		—			116		—			133
Other non-current assets		—		4		252			85		—			341
Equity investment in subsidiaries		4,162		9		4,031			—		(8,202	)		—
Intercompany loans		25		11,533		3,338			139		(15,035	)		—
Total assets	$	4,193	$	12,593	$	19,583		$	4,792	$	(24,667	)	$	16,494
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	61	$	387		$	477	$	—		$	925
Deferred revenues		—		—		215			137		—			352
Income tax liabilities		—		2		11			122		—			135
Current portion of long-term debt, capital lease obligations and short-term borrowings		—		23		135			5		—			163
Intercompany payables		—		2		1,181			247		(1,430	)		—
Total current liabilities		—		88		1,929			988		(1,430	)		1,575
Non-current liabilities
Long-term debt and capital lease obligations		—		8,237		107			16		—			8,360
Deferred tax liabilities		—		71		1,084			90		—			1,245
Intercompany loans		—		2,985		11,698			352		(15,035	)		—
Other non-current liabilities		2		3		603			315		—			923
Total liabilities		2		11,384		15,421			1,761		(16,465	)		12,103
Total stockholders’ equity		4,191		1,209		4,162			2,831		(8,202	)		4,191
Noncontrolling interests		—		—		—			200		—			200
Total equity		4,191		1,209		4,162			3,031		(8,202	)		4,391
Total liabilities and equity	$	4,193	$	12,593	$	19,583		$	4,792	$	(24,667	)	$	16,494

Nielsen Holdings plc

Condensed Consolidated Balance Sheet

December 31, 2016

								Non-
(IN MILLIONS)	Parent		Issuers		Guarantor			Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	5	$	1	$	219		$	529	$	—		$	754
Trade and other receivables, net		2		—		478			691		—			1,171
Prepaid expenses and other current assets		—		—		185			112		—			297
Intercompany receivables		—		862		312			167		(1,341	)		—
Total current assets		7		863		1,194			1,499		(1,341	)		2,222
Non-current assets
Property, plant and equipment, net		—		—		307			164		—			471
Goodwill		—		—		5,728			2,117		—			7,845
Other intangible assets, net		—		—		4,248			488		—			4,736
Deferred tax assets		2		—		(1	)		126		—			127
Other non-current assets		—		3		245			81		—			329
Equity investment in subsidiaries		4,117		—		4,222			—		(8,339	)		—
Intercompany loans		25		11,533		3,332			150		(15,040	)		—
Total assets	$	4,151	$	12,399	$	19,275		$	4,625	$	(24,720	)	$	15,730
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	52	$	479		$	481	$	—		$	1,012
Deferred revenues		—		—		172			125		—			297
Income tax liabilities		—		2		36			59		—			97
Current portion of long-term debt, capital lease obligations and short-term borrowings		—		145		35			8		—			188
Intercompany payables		47		2		988			304		(1,341	)		—
Total current liabilities		47		201		1,710			977		(1,341	)		1,594
Non-current liabilities
Long-term debt and capital lease obligations		—		7,611		106			21		—			7,738
Deferred tax liabilities		—		71		1,027			77		—			1,175
Intercompany loans		—		2,985		11,708			347		(15,040	)		—
Other non-current liabilities		2		4		609			315		—			930
Total liabilities		49		10,872		15,160			1,737		(16,381	)		11,437
Total stockholders’ equity		4,102		1,527		4,117			2,695		(8,339	)		4,102
Noncontrolling interests		—		—		(2	)		193		—			191
Total equity		4,102		1,527		4,115			2,888		(8,339	)		4,293
Total liabilities and equity	$	4,151	$	12,399	$	19,275		$	4,625	$	(24,720	)	$	15,730

Consolidated Statement of Cash Flows

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the six months ended June 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash (used in)/provided by operating activities	$	(45	)	$	110		$	93		$	108		$	266
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(563	)		(18	)		(581	)
Additions to property, plant and equipment and other assets		—			—			(17	)		(14	)		(31	)
Additions to intangible assets		—			—			(146	)		(29	)		(175	)
Proceeds from the sale of property, plant and equipment and      other assets		—			—			28			—			28
Other investing activities		—			—			(1	)		—			(1	)
Net cash used in investing activities		—			—			(699	)		(61	)		(760	)
Financing activities:
Net borrowings under revolving credit facility		—			—			101			—			101
Repayments of debt		—			(2,281	)		—			(1	)		(2,282	)
Proceeds from the issuance of debt, net of issuance costs		—			2,745			—			—			2,745
Decrease in other short-term borrowings		—			—			—			(5	)		(5	)
Cash dividends paid to stockholders		(232	)		—			—			—			(232	)
Repurchase of common stock		(84	)		—			—			—			(84	)
Activity under stock plans		21			—			(5	)		—			16
Proceeds from employee stock purchase plan		3			—			—			—			3
Capital leases		—			—			(30	)		(1	)		(31	)
Settlement of intercompany and other financing activities		335			(574	)		319			(88	)		(8	)
Net cash provided by/(used in) financing activities		43			(110	)		385			(95	)		223
Effect of exchange-rate changes on cash and cash equivalents		—			—			(3	)		30			27
Net decrease in cash and cash equivalents		(2	)		—			(224	)		(18	)		(244	)
Cash and cash equivalents at beginning of period		5			1			219			529			754
Cash and cash equivalents at end of period	$	3		$	1		$	(5	)	$	511		$	510

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the six months ended June 30, 2016

(IN MILLIONS)	Parent			Issuers			Guarantor			Non- Guarantor			Consolidated
Net cash (used in)/provided by operating activities	$	(3	)	$	116		$	140		$	44		$	297
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(239	)		(13	)		(252	)
Additions to property, plant and equipment and other assets		—			—			(30	)		(25	)		(55	)
Additions to intangible assets		—			—			(145	)		(21	)		(166	)
Other investing activities		—			—			—			1			1
Net cash used in investing activities		—			—			(414	)		(58	)		(472	)
Financing activities:
Net borrowings under revolving credit facility		—			—			221			—			221
Repayments of debt		—			(56	)		—			—			(56	)
Proceeds from the issuance of debt, net of issuance costs					496									496
Cash dividends paid to stockholders		(212	)		—			—			—			(212	)
Repurchase of common stock		(304	)		—			—			—			(304	)
Activity under stock plans		43			—			(14	)		—			29
Settlement of intercompany and other financing activities		396			(514	)		84			11			(23	)
Net cash (used in)/provided by financing activities		(77	)		(74	)		291			11			151
Effect of exchange-rate changes on cash and cash equivalents		—			—			2			11			13
Net (decrease)/increase in cash and cash equivalents		(80	)		42			19			8			(11	)
Cash and cash equivalents at beginning of period		1			—			7			349			357
Cash and cash equivalents at end of period	$	(79	)	$	42		$	26		$	357		$	346