Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2014

Condensed Consolidating Financials Tables [Abstract]

Condensed Consolidating Statement of Operations [Table Text Block]

			Statement of Operations
			For the Three Months Ended March 31, 2014
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	33	$	3	$	3,820	$	—	$	3,856
Expenses:
	Operating			16		1		2,267		—		2,284
	Selling, general and administrative			15		66		561		—		642
	Depreciation and amortization			1		4		107		—		112
		Total expenses		32		71		2,935		—		3,038
Operating income (loss)				1		(68)		885		—		818
Interest (expense) income, net				(114)		(93)		104		—		(103)
Other items, net				—		—		5		—		5
Earnings (loss) before income taxes and equity
	in earnings (loss) of investee companies			(113)		(161)		994		—		720
(Provision) benefit for income taxes				39		56		(337)		—		(242)
Equity in earnings (loss) of investee companies,
	net of tax			542		372		(10)		(914)		(10)
Net earnings			$	468	$	267	$	647	$	(914)	$	468
Comprehensive income			$	470	$	266	$	644	$	(910)	$	470

			Statement of Operations
			For the Three Months Ended March 31, 2013
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	35	$	3	$	4,002	$	—	$	4,040
Expenses:
	Operating			17		2		2,455		—		2,474
	Selling, general and administrative			17		77		556		—		650
	Depreciation and amortization			2		4		110		—		116
		Total expenses		36		83		3,121		—		3,240
Operating income (loss)				(1)		(80)		881		—		800
Interest (expense) income, net				(115)		(89)		111		—		(93)
Other items, net				(1)		3		(4)		—		(2)
Earnings (loss) from continuing operations
	before income taxes and equity in
	earnings (loss) of investee companies			(117)		(166)		988		—		705
(Provision) benefit for income taxes				40		57		(331)		—		(234)
Equity in earnings (loss) of investee companies,
	net of tax			520		288		(8)		(808)		(8)
Net earnings from continuing operations				443		179		649		(808)		463
Net loss from discontinued operations,
	net of tax			—		—		(20)		—		(20)
Net earnings			$	443	$	179	$	629	$	(808)	$	443
Comprehensive income			$	446	$	186	$	614	$	(800)	$	446

Condensed Consolidating Balance Sheet [Table Text Block]

		Balance Sheet
		At March 31, 2014
		CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Assets
Cash and cash equivalents		$	60	$	1	$	250	$	—	$	311
Receivables, net			23		2		3,276		—		3,301
Programming and other inventory			4		2		535		—		541
Prepaid expenses and other current assets			117		19		812		(24)		924
	Total current assets		204		24		4,873		(24)		5,077
Property and equipment			38		138		4,827		—		5,003
	Less accumulated depreciation and amortization		11		86		2,727		—		2,824
	Net property and equipment		27		52		2,100		—		2,179
Programming and other inventory			4		—		1,631		—		1,635
Goodwill			98		62		8,399		—		8,559
Intangible assets			—		—		6,407		—		6,407
Investments in consolidated subsidiaries			40,989		10,786		—		(51,775)		—
Other assets			87		21		2,150		—		2,258
Intercompany			—		3,026		20,598		(23,624)		—
Total Assets		$	41,409	$	13,971	$	46,158	$	(75,423)	$	26,115
Liabilities and Stockholders’ Equity
Accounts payable		$	1	$	4	$	218	$	—	$	223
Participants’ share and royalties payable			—		—		947		—		947
Program rights			5		2		485		—		492
Commercial paper			440		—		—		—		440
Current portion of long-term debt			90		—		16		—		106
Accrued expenses and other current liabilities			490		208		1,190		(24)		1,864
	Total current liabilities		1,026		214		2,856		(24)		4,072
CBS Outdoor long-term debt			—		—		1,598		—		1,598
Other long-term debt			5,705		—		145		—		5,850
Other liabilities			2,587		295		3,246		—		6,128
Intercompany			23,624		—		—		(23,624)		—
Stockholders’ Equity:
	Preferred stock		—		—		126		(126)		—
	Common stock		1		123		953		(1,076)		1
	Additional paid-in capital		43,225		—		61,678		(61,678)		43,225
	Retained earnings (deficit)		(24,422)		13,681		(19,767)		6,086		(24,422)
	Accumulated other comprehensive income (loss)		(543)		(11)		123		(112)		(543)
			18,261		13,793		43,113		(56,906)		18,261
	Less treasury stock, at cost		9,794		331		4,800		(5,131)		9,794
	Total Stockholders’ Equity		8,467		13,462		38,313		(51,775)		8,467
Total Liabilities and Stockholders’ Equity		$	41,409	$	13,971	$	46,158	$	(75,423)	$	26,115

		Balance Sheet
		At December 31, 2013
		CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Assets
Cash and cash equivalents		$	80	$	1	$	316	$	—	$	397
Receivables, net			30		2		3,383		—		3,415
Programming and other inventory			4		2		766		—		772
Prepaid expenses and other current assets			179		18		615		(26)		786
	Total current assets		293		23		5,080		(26)		5,370
Property and equipment			37		137		4,849		—		5,023
	Less accumulated depreciation and amortization		9		83		2,695		—		2,787
	Net property and equipment		28		54		2,154		—		2,236
Programming and other inventory			5		—		1,692		—		1,697
Goodwill			98		62		8,402		—		8,562
Intangible assets			—		—		6,430		—		6,430
Investments in consolidated subsidiaries			40,450		10,415		—		(50,865)		—
Other assets			89		18		1,985		—		2,092
Intercompany			—		3,230		18,423		(21,653)		—
Total Assets		$	40,963	$	13,802	$	44,166	$	(72,544)	$	26,387
Liabilities and Stockholders’ Equity
Accounts payable		$	1	$	8	$	362	$	—	$	371
Participants’ share and royalties payable			—		—		1,008		—		1,008
Program rights			5		2		391		—		398
Commercial paper			475		—		—		—		475
Current portion of long-term debt			5		—		16		—		21
Accrued expenses and other current liabilities			361		293		1,306		(26)		1,934
	Total current liabilities		847		303		3,083		(26)		4,207
Other long-term debt			5,791		—		149		—		5,940
Other liabilities			2,706		303		3,265		—		6,274
Intercompany			21,653		—		—		(21,653)		—
Stockholders’ Equity:
	Preferred stock		—		—		126		(126)		—
	Common stock		1		123		953		(1,076)		1
	Additional paid-in capital		43,474		—		61,678		(61,678)		43,474
	Retained earnings (deficit)		(24,890)		13,414		(20,414)		7,000		(24,890)
	Accumulated other comprehensive income (loss)		(545)		(10)		126		(116)		(545)
			18,040		13,527		42,469		(55,996)		18,040
	Less treasury stock, at cost		8,074		331		4,800		(5,131)		8,074
	Total Stockholders’ Equity		9,966		13,196		37,669		(50,865)		9,966
Total Liabilities and Stockholders’ Equity		$	40,963	$	13,802	$	44,166	$	(72,544)	$	26,387

Condensed Consolidating Statement of Cash Flows [Table Text Block]

			Statement of Cash Flows
			For the Three Months Ended March 31, 2014
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Net cash flow provided by (used for) operating
	activities		$	(81)	$	(147)	$	729	$	—	$	501
Investing Activities:
	Acquisitions, net of cash acquired			—		—		(1)		—		(1)
	Capital expenditures			—		(1)		(35)		—		(36)
	Investments in and advances to investee companies			—		—		(39)		—		(39)
	Proceeds from sale of investments			5		1		—		—		6
	Proceeds from dispositions			—		—		6		—		6
Net cash flow (used for) provided by investing activities
	from continuing operations			5		—		(69)		—		(64)
Net cash flow used for investing activities from
	discontinued operations			—		—		(1)		—		(1)
Net cash flow (used for) provided by
	investing activities			5		—		(70)		—		(65)
Financing Activities:
	Repayments of short-term debt borrowings, net			(35)		—		—		—		(35)
	Proceeds from CBS Outdoor debt borrowings,
		net of financing fees		—		—		1,570		—		1,570
	Payment of capital lease obligations			—		—		(4)		—		(4)
	Dividends			(75)		—		—		—		(75)
	Purchase of Company common stock			(2,032)		—		—		—		(2,032)
	Payment of payroll taxes in lieu of issuing
		shares for stock-based compensation		(125)		—		—		—		(125)
	Proceeds from exercise of stock options			76		—		—		—		76
	Excess tax benefit from stock-based compensation			103		—		—		—		103
	Increase (decrease) in intercompany payables			2,144		147		(2,291)		—		—
Net cash flow (used for) provided by financing
	activities			56		147		(725)		—		(522)
	Net decrease in cash and cash equivalents			(20)		—		(66)		—		(86)
	Cash and cash equivalents at beginning of period			80		1		316		—		397
Cash and cash equivalents at end of period			$	60	$	1	$	250	$	—	$	311

			Statement of Cash Flows
			For the Three Months ended March 31, 2013
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Net cash flow provided by (used for) operating
	activities		$	(131)	$	(103)	$	821	$	—	$	587
Investing Activities:
	Acquisitions, net of cash acquired			—		—		(9)		—		(9)
	Capital expenditures			—		(1)		(33)		—		(34)
	Investments in and advances to investee companies			—		—		(30)		—		(30)
	Proceeds from sale of investments			10		1		1		—		12
	Proceeds from dispositions			—		—		11		—		11
Net cash flow (used for) provided by investing activities
	from continuing operations			10		—		(60)		—		(50)
Net cash flow used for investing activities
	from discontinued operations			—		—		(4)		—		(4)
Net cash flow (used for) provided by
	investing activities			10		—		(64)		—		(54)
Financing Activities:
	Proceeds from short-term debt borrowings, net			550		—		—		—		550
	Payment of capital lease obligations			—		—		(4)		—		(4)
	Payment of contingent consideration			—		—		(30)		—		(30)
	Dividends			(81)		—		—		—		(81)
	Purchase of Company common stock			(1,289)		—		—		—		(1,289)
	Payment of payroll taxes in lieu of issuing
		shares for stock-based compensation		(117)		—		—		—		(117)
	Proceeds from exercise of stock options			58		—		—		—		58
	Excess tax benefit from stock-based compensation			85		—		—		—		85
	Other financing activities			(4)		—		—		—		(4)
	Increase (decrease) in intercompany payables			711		103		(814)		—		—
Net cash flow (used for) provided by financing
	activities			(87)		103		(848)		—		(832)
	Net decrease in cash and cash equivalents			(208)		—		(91)		—		(299)
	Cash and cash equivalents at beginning of period			254		1		453		—		708
Cash and cash equivalents at end of period			$	46	$	1	$	362	$	—	$	409