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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net earnings $ 357 $ 1,261 $ 1,413
Less: Net loss from discontinued operations (952) (291) (141)
Net earnings from continuing operations 1,309 1,552 1,554
Adjustments to reconcile net earnings from continuing operations to net cash flow provided by operating activities from continuing operations:      
Depreciation and amortization 223 225 235
Deferred tax (benefit) provision (188) 144 445
Stock-based compensation 179 165 157
Redemption of debt 42 0 0
Net gain on disposition and write-down of assets (9) (18) (139)
Equity in loss of investee companies, net of tax and distributions 38 53 37
Change in assets and liabilities, net of investing and financing activities      
(Increase) decrease in receivables (268) 36 (376)
Increase in inventory and related program and participation liabilities, net (723) (804) (498)
(Increase) decrease in other assets (52) (85) 23
(Decrease) increase in accounts payable and accrued expenses (35) 23 (220)
(Decrease) increase in pension and postretirement benefit obligations (238) 205 (46)
Increase (decrease) in income taxes 456 94 (56)
Increase (decrease) in deferred revenue 54 (137) 66
Other, net 5 1 7
Net cash flow provided by operating activities from continuing operations 793 1,454 1,189
Net cash flow provided by operating activities from discontinued operations 94 231 205
Net cash flow provided by operating activities 887 1,685 1,394
Investing Activities:      
Acquisitions (including acquired television library), net of cash acquired (270) (92) (12)
Capital expenditures (185) (196) (171)
Investments in and advances to investee companies (110) (81) (98)
Proceeds from sale of investments 10 0 80
Proceeds from dispositions 11 20 383
Other investing activities 21 15 (3)
Net cash flow (used for) provided by investing activities from continuing operations (523) (334) 179
Net cash flow used for investing activities from discontinued operations (24) (6) (25)
Net cash flow (used for) provided by investing activities (547) (340) 154
Financing Activities:      
Proceeds from (repayments of) short-term debt borrowings, net 229 450 (616)
Proceeds from issuance of senior notes 1,773 684 1,959
Repayment of senior notes and debentures (1,244) (199) 0
Proceeds from debt borrowings of CBS Radio 40 1,452 0
Repayment of debt borrowings of CBS Radio (43) (110) 0
Payment of capital lease obligations (18) (18) (17)
Dividends (296) (288) (300)
Purchase of Company common stock (1,111) (2,997) (2,813)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation (89) (58) (96)
Proceeds from exercise of stock options 91 21 142
Excess tax benefit from stock-based compensation 0 17 88
Other financing activities (9) 0 0
Net cash flow used for financing activities (677) (1,046) (1,653)
Net (decrease) increase in cash and cash equivalents (337) 299 (105)
Cash and cash equivalents at beginning of year (includes $24 (2017) and $6 (2016 and 2015) of discontinued operations cash) 622 323 428
Cash and cash equivalents at end of year (includes $24 (2016) and $6 (2015) of discontinued operations cash) $ 285 $ 622 $ 323