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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:    
Net income $ 44 $ 106
Adjustments to reconcile net income to net cash flows (used in) from operating activities:    
Amortization of definite-lived intangible and other assets 76 82
Depreciation of property and equipment 50 56
Amortization of program costs 37 41
Stock-based compensation 37 36
Deferred tax provision (benefit) 9 (227)
Loss on asset dispositions and other, net of impairment 2 11
Income from equity method investments (92) (30)
Loss from investments 20 53
Distributions from investments 2 29
Gain on extinguishment of debt (1) (11)
Change in assets and liabilities, net of acquisitions:    
(Increase) decrease in accounts receivable (48) 26
Increase in prepaid expenses and other current assets (8) (47)
(Decrease) increase in accounts payable and accrued and other current liabilities (382) 62
Net change in net income taxes payable/receivable (10) (1)
Decrease in program contracts payable (41) (46)
Other, net (5) 2
Net cash flows (used in) from operating activities (310) 142
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (44) (40)
Purchases of investments (32) (39)
Distributions and proceeds from investments 184 204
Other, net 2 4
Net cash flows (used in) from investing activities 110 129
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Repayments of notes payable, commercial bank financing, and finance leases (43) (38)
Repurchase of outstanding Class A Common Stock 0 (153)
Dividends paid on Class A and Class B Common Stock (33) (34)
Repurchase of redeemable subsidiary preferred equity 0 (190)
Distributions to noncontrolling interests, net (5) (8)
Other, net (3) (4)
Net cash flows from (used in) financing activities (84) (427)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (284) (156)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 662 884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 378 $ 728