Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

Guarantees [Abstract]

Consolidated Statement of Comprehensive Income

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended September 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	899		$	742		$	—		$	1,641
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			356			336			—			692
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		1			—			197			247			—			445
Depreciation and amortization		—			—			126			34			—			160
Restructuring charges		—			—			3			4			—			7
Operating (loss)/income		(1	)		—			217			121			—			337
Interest income		—			238			10			—			(247	)		1
Interest expense		—			(90	)		(241	)		(11	)		247			(95	)
Other income/(expense), net		—			—			90			(91	)		—			(1	)
(Loss)/income from continuing operations before income taxes and equity in net income of subsidiaries		(1	)		148			76			19			—			242
Provision for income taxes		—			(52	)		(37	)		(3	)		—			(92	)
Equity in net income of subsidiaries		147			61			108			—			(316	)		—
Net income		146			157			147			16			(316	)		150
Less net income attributable to noncontrolling interests		—			—			—			4			—			4
Net income attributable to controlling interest		146			157			147			12			(316	)		146
Total other comprehensive income/(loss)		72			(6	)		72			69			(135	)		72
Total comprehensive income		218			151			219			85			(451	)		222
Comprehensive income attributable to noncontrolling interests		—			—			—			4			—			4
Total comprehensive income attributable to controlling interest	$	218		$	151		$	219		$	81		$	(451	)	$	218

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended September 30, 2016

(IN MILLIONS)	Parent			Issuers			Guarantor			Non- Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	884		$	686		$	—		$	1,570
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			322			320			—			642
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		1			—			228			223			—			452
Depreciation and amortization		—			—			123			28			—			151
Restructuring charges		—			—			22			7			—			29
Operating (loss)/income		(1	)		—			189			108			—			296
Interest income		—			221			10			2			(232	)		1
Interest expense		(1	)		(79	)		(227	)		(10	)		232			(85	)
Foreign currency exchange transaction gains, net		—			—			—			2			—			2
Other income/(expense), net		—			—			73			(73	)		—			—
(Loss)/income from continuing operations before income taxes and equity in net income of subsidiaries		(2	)		142			45			29			—			214
Provision for income taxes		—			(50	)		(19	)		(13	)		—			(82	)
Equity in net income of subsidiaries		132			68			106			—			(306	)		—
Net income		130			160			132			16			(306	)		132
Less net income attributable to noncontrolling interests		—			—			—			2			—			2
Net income attributable to controlling interest		130			160			132			14			(306	)		130
Total other comprehensive (loss)/income		(10	)		2			(10	)		(6	)		13			(11	)
Total other comprehensive loss attributable to noncontrolling interests		—			—			—			(1	)		—			(1	)
Total other comprehensive (loss)/income attributable to controlling interests		(10	)		2			(10	)		(5	)		13			(10	)
Total comprehensive income		120			162			122			10			(293	)		121
Comprehensive income attributable to noncontrolling interests		—			—			—			1			—			1
Total comprehensive income attributable to controlling interest	$	120		$	162		$	122		$	9		$	(293	)	$	120

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the nine months ended September 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	2,658		$	2,153		$	—		$	4,811
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			1,052			979			—			2,031
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		3			—			686			698			—			1,387
Depreciation and amortization		—			—			384			93			—			477
Restructuring charges		—			—			21			27			—			48
Operating (loss)/income		(3	)		—			515			356			—			868
Interest income		1			682			27			3			(710	)		3
Interest expense		—			(263	)		(694	)		(30	)		710			(277	)
Foreign currency exchange transaction losses, net		—			—			(3	)		(6	)		—			(9	)
Other (expense)/income, net		—			(2	)		68			(69	)		—			(3	)
(Loss)/income from continuing operations before income taxes and equity in net income/(loss) of subsidiaries and affiliates		(2	)		417			(87	)		254			—			582
(Provision)/benefit for income taxes		—			(146	)		20			(100	)		—			(226	)
Equity in net income of subsidiaries		350			149			418			—			(917	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		348			420			350			155			(917	)		356
Less net income attributable to noncontrolling interests		—			—			—			8			—			8
Net income attributable to controlling interest		348			420			350			147			(917	)		348
Total other comprehensive income/(loss)		232			(24	)		232			245			(448	)		237
Total other comprehensive income attributable to noncontrolling interests		—			—			—			5			—			5
Total other comprehensive income/(loss) attributable to controlling interests		232			(24	)		232			240			(448	)		232
Total comprehensive income		580			396			582			400			(1,365	)		593
Comprehensive income attributable to noncontrolling interests		—			—			—			13			—			13
Total comprehensive income attributable to controlling interest	$	580		$	396		$	582		$	387		$	(1,365	)	$	580

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the nine months ended September 30, 2016

(IN MILLIONS)	Parent			Issuer			Guarantor			Non- Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	2,668		$	1,985		$	—		$	4,653
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			985			952			—			1,937
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		3			—			735			653			—			1,391
Depreciation and amortization		—			—			364			86			—			450
Restructuring charges		—			—			40			33			—			73
Operating (loss)/income		(3	)		—			544			261			—			802
Interest income		—			653			29			4			(683	)		3
Interest expense		(3	)		(230	)		(668	)		(29	)		683			(247	)
Foreign currency exchange transaction losses, net		—			—			(1	)		(2	)		—			(3	)
Other (expense)/income, net		—			(1	)		95			(94	)		—			—
(Loss)/income from continuing operations before income taxes and equity in net income/(loss) of subsidiaries and affiliates		(6	)		422			(1	)		140			—			555
(Provision)/benefit for income taxes		—			(148	)		7			(67	)		—			(208	)
Equity in net income of subsidiaries		349			150			344			—			(843	)		—
Equity in net (loss)/income of affiliates		—			—			(1	)		1			—			—
Net income		343			424			349			74			(843	)		347
Less net income attributable to noncontrolling interests		—			—			—			4			—			4
Net income attributable to controlling interest		343			424			349			70			(843	)		343
Total other comprehensive income/(loss)		38			(12	)		38			37			(65	)		36
Total other comprehensive loss attributable to noncontrolling interests		—			—			—			(2	)		—			(2	)
Total other comprehensive income/(loss) attributable to controlling interests		38			(12	)		38			39			(65	)		38
Total comprehensive income		381			412			387			111			(908	)		383
Comprehensive income attributable to noncontrolling interests		—			—			—			2			—			2
Total comprehensive income attributable to controlling interests	$	381		$	412		$	387		$	109		$	(908	)	$	381

Consolidated Balance Sheet

Nielsen Holdings plc

Condensed Consolidated Balance Sheet (Unaudited)

September 30, 2017

							Non-
(IN MILLIONS)	Parent		Issuers		Guarantor		Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	1	$	19	$	73	$	569	$	—		$	662
Trade and other receivables, net		1		—		516		765	$	—			1,282
Prepaid expenses and other current assets		—		—		193		135	$	—			328
Intercompany receivables		2		1,146		322		123		(1,593	)		—
Total current assets		4		1,165		1,104		1,592		(1,593	)		2,272
Non-current assets													—
Property, plant and equipment, net		—		—		296		162		—			458
Goodwill		—		—		6,022		2,330		—			8,352
Other intangible assets, net		—		—		4,513		529		—			5,042
Deferred tax assets		2		20		—		109		—			131
Other non-current assets		—		7		241		82		—			330
Equity investment in subsidiaries		4,230		1,222		4,190		—		(9,642	)		—
Intercompany loans		25		8,608		1,829		140		(10,602	)		—
Total assets	$	4,261	$	11,022	$	18,195	$	4,944	$	(21,837	)	$	16,585
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	101	$	422	$	492	$	—		$	1,015
Deferred revenues		—		—		204		124	$	—			328
Income tax liabilities		—		2		47		149	$	—			198
Current portion of long-term debt, capital lease obligations and short-term borrowings		—		22		40		5	$	—			67
Intercompany payables		—		—		1,300		293		(1,593	)		—
Total current liabilities		—		125		2,013		1,063		(1,593	)		1,608
Non-current liabilities													—
Long-term debt and capital lease obligations		—		8,247		113		17		—			8,377
Deferred tax liabilities		—		71		1,063		85		—			1,219
Intercompany loans		—		62		10,173		367		(10,602	)		—
Other non-current liabilities		2		2		603		314		—			921
Total liabilities		2		8,507		13,965		1,846		(12,195	)		12,125
Total stockholders’ equity		4,259		2,515		4,230		2,897		(9,642	)		4,259
Noncontrolling interests		—		—		—		201		—			201
Total equity		4,259		2,515		4,230		3,098		(9,642	)		4,460
Total liabilities and equity	$	4,261	$	11,022	$	18,195	$	4,944	$	(21,837	)	$	16,585

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		1,079		4,222			—		(9,418	)		—
Intercompany loans		25		11,533		3,332			150		(15,040	)		—
Total assets	$	4,151	$	13,478	$	19,275		$	4,625	$	(25,799	)	$	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		2,606		4,117			2,695		(9,418	)		4,102
Noncontrolling interests		—		—		(2	)		193		—			191
Total equity		4,102		2,606		4,115			2,888		(9,418	)		4,293
Total liabilities and equity	$	4,151	$	13,478	$	19,275		$	4,625	$	(25,799	)	$	15,730

Consolidated Statement of Cash Flows

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the nine months ended September 30, 2017

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash (used in)/provided by operating activities	$	(48	)	$	193		$	424		$	235		$	804
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(573	)		(22	)		(595	)
Additions to property, plant and equipment and other assets		—			—			(29	)		(26	)		(55	)
Additions to intangible assets		—			—			(218	)		(46	)		(264	)
Proceeds from the sale of property, plant and equipment and other assets		—			—			28			—			28
Other investing activities		—			—			(1	)		(1	)		(2	)
Net cash used in investing activities		—			—			(793	)		(95	)		(888	)
Financing activities:
Repayments of debt		—			(2,288	)		—			(1	)		(2,289	)
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		(353	)		—			—			—			(353	)
Repurchase of common stock		(117	)		—			—			—			(117	)
Activity under stock plans		28			—			(7	)		—			21
Proceeds from employee stock purchase plan		5			—			—			—			5
Capital leases		—			—			(40	)		(2	)		(42	)
Settlement of intercompany and other financing activities		481			(632	)		273			(135	)		(13	)
Net cash provided by/(used in) financing activities		44			(175	)		226			(143	)		(48	)
Effect of exchange-rate changes on cash and cash equivalents		—			—			(3	)		43			40
Net decrease in cash and cash equivalents		(4	)		18			(146	)		40			(92	)
Cash and cash equivalents at beginning of period		5			1			219			529			754
Cash and cash equivalents at end of period	$	1		$	19		$	73		$	569		$	662

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the nine months ended September 30, 2016

(IN MILLIONS)	Parent			Issuers			Guarantor			Non- Guarantor			Consolidated
Net cash (used in)/provided by operating activities	$	(4	)	$	170		$	412		$	175		$	753
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(239	)		(24	)		(263	)
Additions to property, plant and equipment and other assets		—			—			(41	)		(42	)		(83	)
Additions to intangible assets		—			—			(205	)		(36	)		(241	)
Other investing activities		—			—			(1	)		(3	)		(4	)
Net cash used in investing activities		—			—			(486	)		(105	)		(591	)
Financing activities:
Net borrowings under revolving credit facility		—			—			193			—			193
Repayments of debt		—			(101	)		—			—			(101	)
Proceeds from the issuance of debt, net of issuance costs					496									496
Cash dividends paid to stockholders		(323	)		—			—			—			(323	)
Repurchase of common stock		(394	)		—			—			—			(394	)
Activity under stock plans		91			—			(19	)		—			72
Settlement of intercompany and other financing activities		622			(547	)		(82	)		(26	)		(33	)
Net cash (used in)/provided by financing activities		(4	)		(152	)		92			(26	)		(90	)
Effect of exchange-rate changes on cash and cash equivalents		—			—			2			15			17
Net (decrease)/increase in cash and cash equivalents		(8	)		18			20			59			89
Cash and cash equivalents at beginning of period		1			—			7			349			357
Cash and cash equivalents at end of period	$	(7	)	$	18		$	27		$	408		$	446