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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 362 $ 522
Accounts receivable, less allowances of $69 and $131, respectively 819 938
Prepaid expenses 78 88
Income taxes and other current assets 64 108
Total current assets 1,323 1,656
Property, plant and equipment, net 14,377 14,902
Goodwill, net 7,024 9,674
Other intangibles, net 2,063 2,662
Other assets 97 119
Total assets 24,884 29,013
Current liabilities:    
Long-term debt due within one year 656 363
Accounts payable 564 698
Advanced billings 270 301
Accrued content costs 102 164
Accrued other taxes 156 134
Accrued interest 401 437
Pension and other postretirement benefits 29 23
Other current liabilities 330 324
Total current liabilities 2,508 2,444
Deferred income taxes 1,139 2,516
Pension and other postretirement benefits 1,676 1,602
Other liabilities 317 372
Long-term debt 16,970 17,560
Equity:    
Preferred stock, $0.01 par value (50,000 authorized shares, 11.125%, Series A, 19,250 shares issued and outstanding)
Common stock, $0.25 par value (175,000 authorized shares, 79,532 issued, and 78,441 and 78,170 outstanding, at December 31, 2017 and 2016, respectively) 20 20
Additional paid-in capital 5,034 5,561
Accumulated deficit (2,263) (460)
Accumulated other comprehensive loss, net of tax (366) (387)
Treasury common stock (151) (215)
Total equity 2,274 4,519
Total liabilities and equity $ 24,884 $ 29,013