Reportable Segments

3 Months Ended

Mar. 31, 2013

Reportable Segments Disclosure [Abstract]

Reportable Segments

14) REPORTABLE SEGMENTS

The following tables set forth the Company's financial performance by reportable segment. The Company's operating segments, which are the same as its reportable segments, have been determined in accordance with the Company's internal management structure, which is organized based upon products and services. Outdoor Europe, previously included in the Outdoor segment, has been presented as a discontinued operation. As a result, the Outdoor segment has been renamed Outdoor Americas. In addition, Residual Costs, which was previously presented as a separate line item in the Company's segment presentation, is now included within Corporate. Prior periods have been reclassified to conform to this presentation.

			Three Months Ended
			March 31,
			2013		2012
Revenues:
	Entertainment		$	2,539	$	2,318
	Cable Networks			478		452
	Publishing			171		176
	Local Broadcasting			638		622
	Outdoor Americas			281		288
	Eliminations			(67)		(60)
		Total Revenues	$	4,040	$	3,796

Revenues generated between segments primarily reflect advertising salesand televisionlicense fees. These transactions are recorded at market value as if the sales were to third parties and are eliminated in consolidation.

			Three Months Ended
			March 31,
				2013		2012
Intercompany Revenues:
	Entertainment		$	62	$	53
	Local Broadcasting			3		4
	Outdoor Americas			2		3
		Total Intercompany Revenues	$	67	$	60

The Company presents segment operating income (loss) before depreciation and amortization (“OIBDA”), restructuring charges and impairment charges (“Segment OIBDA”) as the primary measure of profit and loss for its operating segments in accordance with FASB guidance for segment reporting. The Company believes the presentation of Segment OIBDA is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company's management and enhances their ability to understand the Company's operating performance.

		Three Months Ended
		March 31,
			2013		2012
Segment OIBDA:
	Entertainment	$	480	$	411
	Cable Networks		231		209
	Publishing		12		10
	Local Broadcasting		199		171
	Outdoor Americas		74		76
	Corporate		(80)		(70)
Total Segment OIBDA			916		807
Impairment charges			—		(11)
Depreciation and amortization			(116)		(119)
Operating income			800		677
	Interest expense		(95)		(110)
	Interest income		2		2
	Gain on early extinguishment of debt		—		25
	Other items, net		(2)		5
Earnings from continuing operations before income taxes and
	equity in loss of investee companies		705		599
Provision for income taxes			(234)		(201)
Equity in loss of investee companies, net of tax			(8)		(4)
Net earnings from continuing operations			463		394
Net loss from discontinued operations, net of tax			(20)		(31)
Net earnings		$	443	$	363

			Three Months Ended
			March 31,
				2013		2012
Operating Income (Loss):
	Entertainment		$	440	$	370
	Cable Networks			227		204
	Publishing			10		8
	Local Broadcasting			176		138
	Outdoor Americas			32		33
	Corporate			(85)		(76)
		Total Operating Income	$	800	$	677

			Three Months Ended
			March 31,
				2013		2012
Depreciation and Amortization:
	Entertainment		$	40	$	41
	Cable Networks			4		5
	Publishing			2		2
	Local Broadcasting			23		22
	Outdoor Americas			42		43
	Corporate			5		6
		Total Depreciation and Amortization	$	116	$	119

			Three Months Ended
			March 31,
				2013		2012
Stock-based Compensation:
	Entertainment		$	15	$	13
	Cable Networks			2		1
	Publishing			1		1
	Local Broadcasting			7		6
	Outdoor Americas			2		1
	Corporate			33		19
		Total Stock-based Compensation	$	60	$	41

			Three Months Ended
			March 31,
				2013		2012
Capital Expenditures:
	Entertainment		$	19	$	17
	Cable Networks			2		1
	Publishing			—		—
	Local Broadcasting			6		10
	Outdoor Americas			6		7
	Corporate			1		—
		Total Capital Expenditures	$	34	$	35

			At March 31,		At December 31,
			2013		2012
Assets:
	Entertainment		$	9,054	$	9,023
	Cable Networks			1,817		1,750
	Publishing			938		1,033
	Local Broadcasting			9,596		9,614
	Outdoor Americas			3,469		3,542
	Corporate			784		1,026
	Discontinued operations			453		478
		Total Assets	$	26,111	$	26,466