Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2019

Guarantees [Abstract]

Consolidating Statement of Comprehensive Income

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended September 30, 2019

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	902		$	714		$	—		$	1,616
Cost of revenues, exclusive of depreciation and    amortization shown separately below		—			—			374			320			—			694
Selling, general and administrative expenses, exclusive    of depreciation and amortization shown    separately below		1			—			224			242			—			467
Depreciation and amortization		—			—			152			34			—			186
Impairment of goodwill and other long-lived assets								419			585						1,004
Restructuring charges		—			—			—			5			—			5
Operating income/(loss)		(1	)		—			(267	)		(472	)		—			(740	)
Interest income		—			180			28			1			(208	)		1
Interest expense		—			(93	)		(188	)		(27	)		208			(100	)
Foreign currency exchange transaction    gains/(losses), net		—			—			—			(6	)		—			(6	)
Other income/(expense), net		—			—			(14	)		11			—			(3	)
Income/(loss) from continuing operations before    income taxes and equity in net income/(loss)    of subsidiaries		(1	)		87			(441	)		(493	)		—			(848	)
Benefit/(provision) for income taxes		—			(23	)		497			(94	)		—			380
Equity in net income/(loss) of subsidiaries		(471	)		57			(527	)		—			941			—
Net income/(loss)		(472	)		121			(471	)		(587	)		941			(468	)
Less net income/(loss) attributable to noncontrolling    interests		—			—			—			4			—			4
Net income/(loss) attributable to controlling interest		(472	)		121			(471	)		(591	)		941			(472	)
Total other comprehensive income/(loss)		(51	)		12			(51	)		(14	)		52			(52	)
Total other comprehensive income/(loss) attributable    to noncontrolling interests		—			—			—			(1	)		—			(1	)
Total other comprehensive income/(loss) attributable    to controlling interests		(51	)		12			(51	)		(13	)		52			(51	)
Total comprehensive income/(loss)		(523	)		133			(522	)		(601	)		993			(520	)
Comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			3			—			3
Total comprehensive income/(loss) attributable to    controlling interest	$	(523	)	$	133		$	(522	)	$	(604	)	$	993		$	(523	)

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the three months ended September 30, 2018

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	885		$	715		$	—		$	1,600
Cost of revenues, exclusive of depreciation and    amortization shown separately below		—			—			355			326			—			681
Selling, general and administrative expenses, exclusive    of depreciation and amortization shown separately    below		1			—			221			242			—			464
Depreciation and amortization		—			—			142			33			—			175
Restructuring charges		—			—			4			15			—			19
Operating income/(loss)		(1	)		—			163			99			—			261
Interest income		—			170			10			1			(179	)		2
Interest expense		—			(93	)		(176	)		(9	)		179			(99	)
Foreign currency exchange transaction gains/(losses),    net		—			—			1			(9	)		—			(8	)
Other income/(expense), net		—			—			(17	)		18			—			1
Income/(loss) from continuing operations before    income taxes and equity in net income/(loss) of subsidiaries		(1	)		77			(19	)		100			—			157
Benefit/(provision) for income taxes		—			(17	)		(9	)		(33	)		—			(59	)
Equity in net income/(loss) of subsidiaries		97			47			125			—			(269	)		—
Net income/(loss)		96			107			97			67			(269	)		98
Less net income/(loss) attributable to noncontrolling interests		—			—			—			2			—			2
Net income/(loss) attributable to controlling interest		96			107			97			65			(269	)		96
Total other comprehensive income/(loss)		5			4			5			(6	)		—			8
Total other comprehensive income/(loss) attributable to    noncontrolling interests		—			—			—			3			—			3
Total other comprehensive income/(loss) attributable    to controlling interests		5			4			5			(9	)		—			5
Total comprehensive income/(loss)		101			111			102			61			(269	)		106
Comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			5			—			5
Total comprehensive income/(loss) attributable to controlling interest	$	101		$	111		$	102		$	56		$	(269	)	$	101

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the nine months ended September 30, 2019

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	2,659		$	2,148		$	—		$	4,807
Cost of revenues, exclusive of depreciation and    amortization shown separately below		—			—			1,119			969			—			2,088
Selling, general and administrative expenses, exclusive    of depreciation and amortization shown    separately below		3			—			698			729			—			1,430
Depreciation and amortization		—			—			446			104			—			550
Impairment of goodwill and other long-lived assets		—			—			419			585			—			1,004
Restructuring charges		—			—			23			29			—			52
Operating income/(loss)		(3	)		—			(46	)		(268	)		—			(317	)
Interest income		1			565			30			4			(596	)		4
Interest expense		—			(279	)		(586	)		(30	)		596			(299	)
Foreign currency exchange transaction gains/(losses),    net		—			—			—			(10	)		—			(10	)
Other income/(expense), net		—			—			26			(24	)		—			2
Income/(loss) from continuing operations before    income taxes and equity in net income/(loss) of    subsidiaries		(2	)		286			(576	)		(328	)		—			(620	)
Benefit/(provision) for income taxes		—			(77	)		607			(205	)		—			325
Equity in net income/(loss) of subsidiaries		(304	)		146			(335	)		—			493			—
Net income/(loss)		(306	)		355			(304	)		(533	)		493			(295	)
Less net income/(loss) attributable to noncontrolling    interests		—			—			—			11			—			11
Net income/(loss) attributable to controlling interest		(306	)		355			(304	)		(544	)		493			(306	)
Total other comprehensive income/(loss)		(56	)		(13	)		(56	)		16			54			(55	)
Total other comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			1			—			1
Total other comprehensive income/(loss) attributable to controlling interests		(56	)		(13	)		(56	)		15			54			(56	)
Total comprehensive income/(loss)		(362	)		342			(360	)		(517	)		547			(350	)
Comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			12			—			12
Total comprehensive income/(loss) attributable to    controlling interest	$	(362	)	$	342		$	(360	)	$	(529	)	$	547		$	(362	)

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income (Unaudited)

For the nine months ended September 30, 2018

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	2,654		$	2,203		$	—		$	4,857
Cost of revenues, exclusive of depreciation and    amortization shown separately below		—			—			1,089			1,009			—			2,098
Selling, general and administrative expenses, exclusive    of depreciation and amortization shown    separately below		3			—			690			758			—			1,451
Depreciation and amortization		—			—			403			101			—			504
Restructuring charges		—			—			36			72			—			108
Operating income/(loss)		(3	)		—			436			263			—			696
Interest income		1			486			28			5			(514	)		6
Interest expense		—			(276	)		(504	)		(29	)		514			(295	)
Foreign currency exchange transaction gains/(losses),    net		—			—			—			(12	)		—			(12	)
Other income/(expense), net		—			(7	)		103			(99	)		—			(3	)
Income/(loss) from continuing operations before    income taxes and equity in net income/(loss) of    subsidiaries and affiliates		(2	)		203			63			128			—			392
Benefit/(provision) for income taxes		—			(43	)		(29	)		(70	)		—			(142	)
Equity in net income/(loss) of subsidiaries		242			132			208			—			(582	)		—
Equity in net income/(loss) of affiliates		—			—			—			(1	)		—			(1	)
Net income/(loss)		240			292			242			57			(582	)		249
Less net income/(loss) attributable to noncontrolling    interests		—			—			—			9			—			9
Net income/(loss) attributable to controlling interest		240			292			242			48			(582	)		240
Total other comprehensive income/(loss)		(70	)		25			(70	)		(98	)		144			(69	)
Total other comprehensive income/(loss) attributable to    noncontrolling interests		—			—			—			1			—			1
Total other comprehensive income/(loss) attributable    to controlling interests		(70	)		25			(70	)		(99	)		144			(70	)
Total comprehensive income/(loss)		170			317			172			(41	)		(438	)		180
Comprehensive income/(loss) attributable to    noncontrolling interests		—			—			—			10			—			10
Total comprehensive income/(loss) attributable to    controlling interest	$	170		$	317		$	172		$	(51	)	$	(438	)	$	170

Consolidating Balance Sheet

Nielsen Holdings plc

Condensed Consolidated Balance Sheet (Unaudited)

September 30, 2019

							Non-
(IN MILLIONS)	Parent		Issuers		Guarantor		Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	2	$	—	$	19	$	368	$	—		$	389
Trade and other receivables, net		—		—		440		706		—			1,146
Prepaid expenses and other current assets		3		—		279		130		—			412
Intercompany receivables		4		1,632		283		57		(1,976	)		—
Total current assets		9		1,632		1,021		1,261		(1,976	)		1,947
Non-current assets													—
Property, plant and equipment, net		—		—		266		157		—			423
Operating lease right-of-use asset		—		—		210		215		—			425
Goodwill		—		—		5,102		871		—			5,973
Other intangible assets, net		—		—		4,410		501		—			4,911
Deferred tax assets		1		—		—		321		—			322
Other non-current assets		—		—		272		70		—			342
Equity investment in subsidiaries		2,120		1,285		3,077		—		(6,482	)		—
Intercompany loans		25		8,838		873		102		(9,838	)		—
Total assets	$	2,155	$	11,755	$	15,231	$	3,498	$	(18,296	)	$	14,343
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	102	$	455	$	530	$	—		$	1,087
Deferred revenues		—		—		190	$	126		—			316
Income tax liabilities		—		—		28	$	46		—			74
Current portion of long-term debt, finance lease    obligations and short-term borrowings		—		55		236	$	7		—			298
Intercompany payables		—		5		1,693		278		(1,976	)		—
Total current liabilities		—		162		2,602		987		(1,976	)		1,775
Non-current liabilities
Long-term debt and finance lease obligations		—		8,104		74		11		—			8,189
Operating lease liabilities		—		—		228		165		—			393
Deferred tax liabilities		—		71		927		70		—			1,068
Intercompany loans		—		—		8,965		873		(9,838	)		—
Other non-current liabilities		—		30		315		220		—			565
Total liabilities		—		8,367		13,111		2,326		(11,814	)		11,990
Total stockholders’ equity		2,155		3,388		2,120		974		(6,482	)		2,155
Noncontrolling interests		—		—		—		198		—			198
Total equity		2,155		3,388		2,120		1,172		(6,482	)		2,353
Total liabilities and equity	$	2,155	$	11,755	$	15,231	$	3,498	$	(18,296	)	$	14,343

Nielsen Holdings plc

Condensed Consolidated Balance Sheet

December 31, 2018

							Non-
(IN MILLIONS)	Parent		Issuers		Guarantor		Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	3	$	—	$	79	$	442	$	—		$	524
Trade and other receivables, net		—		1		377		740		—			1,118
Prepaid expenses and other current assets		—		3		234		124		—			361
Intercompany receivables		3		1,310		399		94		(1,806	)		—
Total current assets		6		1,314		1,089		1,400		(1,806	)		2,003
Non-current assets
Property, plant and equipment, net		—		—		303		165		—			468
Goodwill		—		—		5,531		1,456		—			6,987
Other intangible assets, net		—		—		4,545		479		—			5,024
Deferred tax assets		1		—		—		332		—			333
Other non-current assets		—		19		273		72		—			364
Equity investment in subsidiaries		2,815		1,232		1,936		—		(5,983	)		—
Intercompany loans		25		8,822		2,220		105		(11,172	)		—
Total assets	$	2,847	$	11,387	$	15,897	$	4,009	$	(18,961	)	$	15,179
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	62	$	541	$	516	$	—		$	1,119
Deferred revenues		—		—		225		130		—			355
Income tax liabilities		—		—		20		56		—			76
Current portion of long-term debt, finance lease obligations and short-term borrowings		—		54		46		7		—			107
Intercompany payables		—		—		1,408		398		(1,806	)		—
Total current liabilities		—		116		2,240		1,107		(1,806	)		1,657
Non-current liabilities
Long-term debt and finance lease obligations		—		8,170		95		15		—			8,280
Deferred tax liabilities		—		71		956		81		—			1,108
Intercompany loans		—		—		8,952		2,220		(11,172	)		—
Other non-current liabilities		—		3		839		249		—			1,091
Total liabilities		—		8,360		13,082		3,672		(12,978	)		12,136
Total shareholders’ equity		2,847		3,027		2,815		141		(5,983	)		2,847
Noncontrolling interests		—		—		—		196		—			196
Total equity		2,847		3,027		2,815		337		(5,983	)		3,043
Total liabilities and equity	$	2,847	$	11,387	$	15,897	$	4,009	$	(18,961	)	$	15,179

Consolidating Statement of Cash Flows

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the nine months ended September 30, 2019

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash provided by/(used in) operating activities	$	(8	)	$	63		$	257		$	284		$	596
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(11	)		(51	)		(62	)
Additions to property, plant and equipment and other assets		—			—			(26	)		(32	)		(58	)
Additions to intangible assets		—			—			(229	)		(55	)		(284	)
Other investing activities		—			—			(18	)		—			(18	)
Net cash used in investing activities		—			—			(284	)		(138	)		(422	)
Financing activities:
Net borrowings under revolving credit facility		—			—			190			—			190
Repayments of debt		—			(43	)		—			—			(43	)
Increase/(decrease) in other short-term borrowings		—			—			—			(1	)		(1	)
Cash dividends paid to shareholders		(373	)		—			—			—			(373	)
Activity from share-based compensation plans		—			—			(5	)		—			(5	)
Proceeds from employee stock purchase plan		3			—			—			—			3
Finance leases		—			—			(40	)		(4	)		(44	)
Settlement of intercompany and other financing activities		377			(20	)		(178	)		(196	)		(17	)
Net cash provided by/(used in) financing activities		7			(63	)		(33	)		(201	)		(290	)
Effect of exchange-rate changes on cash and cash equivalents		—			—			—			(19	)		(19	)
Net increase/(decrease) in cash and cash equivalents		(1	)		—			(60	)		(74	)		(135	)
Cash and cash equivalents at beginning of period		3			—			79			442			524
Cash and cash equivalents at end of period	$	2		$	—		$	19		$	368		$	389

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the nine months ended September 30, 2018

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash provided by/(used in) operating activities	$	(2	)	$	15		$	257		$	242		$	512
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(11	)		(28	)		(39	)
Additions to property, plant and equipment and other assets		—			—			(34	)		(32	)		(66	)
Additions to intangible assets		—			—			(262	)		(43	)		(305	)
Proceeds from the sale of property, plant and equipment and    other assets		—			—			—			4			4
Other investing activities		—			—			8			(5	)		3
Net cash used in investing activities		—			—			(299	)		(104	)		(403	)
Financing activities:
Net borrowings under revolving credit facility		—			—			204			—			204
Repayments of debt		—			(804	)		—			(1	)		(805	)
Proceeds from the issuance of debt, net of issuance costs		—			781			—			—			781
Increase in other short-term borrowings		—			—			—			1			1
Cash dividends paid to stockholders		(370	)		—			—			—			(370	)
Repurchase of common stock		(70	)		—			—			—			(70	)
Activity under stock plans		23			—			(6	)		—			17
Proceeds from employee stock purchase plan		4			—			—			—			4
Finance leases		—			—			(55	)		(5	)		(60	)
Settlement of intercompany and other financing activities		416			8			(173	)		(266	)		(15	)
Net cash provided by/(used in) financing activities		3			(15	)		(30	)		(271	)		(313	)
Effect of exchange-rate changes on cash and cash equivalents		—			—			1			(7	)		(6	)
Net increase/(decrease) in cash and cash equivalents		1			—			(71	)		(140	)		(210	)
Cash and cash equivalents at beginning of period		2			1			69			584			656
Cash and cash equivalents at end of period	$	3		$	1		$	(2	)	$	444		$	446