Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Consolidating Financials Tables [Abstract]

Condensed Consolidating Statement of Operations [Table Text Block]

			Statement of Operations
			For the Three Months Ended June 30, 2014
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	35	$	3	$	3,150	$	—	$	3,188
Expenses:
	Operating			15		2		1,781		—		1,798
	Selling, general and administrative			17		50		522		—		589
	Depreciation and amortization			2		3		66		—		71
		Total expenses		34		55		2,369		—		2,458
Operating income (loss)				1		(52)		781		—		730
Interest (expense) income, net				(115)		(95)		119		—		(91)
Other items, net				1		(2)		7		—		6
Earnings (loss) from continuing operations
	before income taxes and equity in earnings
	(loss) of investee companies			(113)		(149)		907		—		645
Benefit (provision) for income taxes				39		51		(307)		—		(217)
Equity in earnings (loss) of investee companies,
	net of tax			513		292		(10)		(805)		(10)
Net earnings from continuing operations				439		194		590		(805)		418
Net earnings from discontinued operations,
	net of tax			—		—		21		—		21
Net earnings			$	439	$	194	$	611	$	(805)	$	439
Total comprehensive income			$	459	$	191	$	609	$	(800)	$	459

			Statement of Operations
			For the Six Months Ended June 30, 2014
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	68	$	6	$	6,684	$	—	$	6,758
Expenses:
	Operating			31		3		3,885		—		3,919
	Selling, general and administrative			32		114		1,030		—		1,176
	Depreciation and amortization			3		7		132		—		142
		Total expenses		66		124		5,047		—		5,237
Operating income (loss)				2		(118)		1,637		—		1,521
Interest (expense) income, net				(229)		(188)		236		—		(181)
Other items, net				1		(2)		12		—		11
Earnings (loss) from continuing operations
	before income taxes and equity in earnings
	(loss) of investee companies			(226)		(308)		1,885		—		1,351
Benefit (provision) for income taxes				77		105		(633)		—		(451)
Equity in earnings (loss) of investee companies,
	net of tax			1,056		664		(20)		(1,720)		(20)
Net earnings from continuing operations				907		461		1,232		(1,720)		880
Net earnings (loss) from discontinued operations, net of tax				—		(1)		28		—		27
Net earnings			$	907	$	460	$	1,260	$	(1,720)	$	907
Total comprehensive income			$	929	$	456	$	1,255	$	(1,711)	$	929

			Statement of Operations
			For the Three Months Ended June 30, 2013
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	37	$	3	$	3,329	$	—	$	3,369
Expenses:
	Operating			17		2		1,873		—		1,892
	Selling, general and administrative			14		67		548		—		629
	Depreciation and amortization			1		3		69		—		73
		Total expenses		32		72		2,490		—		2,594
Operating income (loss)				5		(69)		839		—		775
Interest (expense) income, net				(114)		(91)		113		—		(92)
Other items, net				—		5		(11)		—		(6)
Earnings (loss) from continuing operations
	before income taxes and equity in earnings
	(loss) of investee companies			(109)		(155)		941		—		677
Benefit (provision) for income taxes				37		54		(325)		—		(234)
Equity in earnings (loss) of investee companies,
	net of tax			544		289		(8)		(833)		(8)
Net earnings from continuing operations				472		188		608		(833)		435
Net earnings (loss) from discontinued operations,
	net of tax			—		(2)		39		—		37
Net earnings			$	472	$	186	$	647	$	(833)	$	472
Comprehensive income			$	473		185	$	638	$	(823)	$	473

			Statement of Operations
			For the Six Months Ended June 30, 2013
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Revenues			$	72	$	6	$	7,054	$	—	$	7,132
Expenses:
	Operating			34		4		4,163		—		4,201
	Selling, general and administrative			31		141		1,066		—		1,238
	Depreciation and amortization			3		7		137		—		147
		Total expenses		68		152		5,366		—		5,586
Operating income (loss)				4		(146)		1,688		—		1,546
Interest (expense) income, net				(229)		(180)		225		—		(184)
Other items, net				(1)		8		(15)		—		(8)
Earnings (loss) from continuing operations
	before income taxes and equity in earnings
	(loss) of investee companies			(226)		(318)		1,898		—		1,354
Benefit (provision) for income taxes				77		109		(638)		—		(452)
Equity in earnings (loss) of investee companies,
	net of tax			1,064		577		(17)		(1,641)		(17)
Net earnings from continuing operations				915		368		1,243		(1,641)		885
Net earnings (loss) from discontinued operations,
		net of tax		—		(4)		34		—		30
Net earnings			$	915	$	364	$	1,277	$	(1,641)	$	915
Comprehensive income			$	919	$	370	$	1,253	$	(1,623)	$	919

Condensed Consolidating Balance Sheet [Table Text Block]

		Balance Sheet
		At June 30, 2014
		CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Assets
Cash and cash equivalents		$	44	$	1	$	216	$	—	$	261
Receivables, net			23		2		2,977		—		3,002
Programming and other inventory			4		1		935		—		940
Prepaid expenses and other current assets			183		24		465		(22)		650
Current assets of discontinued operations			—		—		539		—		539
	Total current assets		254		28		5,132		(22)		5,392
Property and equipment			39		143		2,962		—		3,144
	Less accumulated depreciation and amortization		12		90		1,618		—		1,720
	Net property and equipment		27		53		1,344		—		1,424
Programming and other inventory			4		—		1,565		—		1,569
Goodwill			98		62		6,537		—		6,697
Intangible assets			—		—		6,049		—		6,049
Investments in subsidiaries			41,502		11,078		—		(52,580)		—
Other assets			82		16		2,009		—		2,107
Intercompany			—		2,872		21,072		(23,944)		—
Assets of discontinued operations			—		—		3,078		—		3,078
Total Assets		$	41,967	$	14,109	$	46,786	$	(76,546)	$	26,316
Liabilities and Stockholders’ Equity
Accounts payable		$	1	$	10	$	137	$	—	$	148
Participants’ share and royalties payable			—		—		948		—		948
Program rights			4		1		283		—		288
Commercial paper			381		—		—		—		381
Current portion of long-term debt			4		—		16		—		20
Accrued expenses and other current liabilities			319		208		800		(22)		1,305
Current liabilities of discontinued operations			—		—		231		—		231
	Total current liabilities		709		219		2,415		(22)		3,321
Long-term debt			5,705		—		141		—		5,846
Other liabilities			2,608		242		2,974		—		5,824
Liabilities of discontinued operations			—		—		2,051		—		2,051
Intercompany			23,944		—		—		(23,944)		—
Stockholders’ Equity:
	Preferred stock		—		—		126		(126)		—
	Common stock		1		123		953		(1,076)		1
	Additional paid-in capital		43,990		—		61,678		(61,678)		43,990
	Retained earnings (deficit)		(23,983)		13,870		(19,146)		5,276		(23,983)
	Accumulated other comprehensive income (loss)		(523)		(14)		121		(107)		(523)
			19,485		13,979		43,732		(57,711)		19,485
	Less treasury stock, at cost		10,484		331		4,800		(5,131)		10,484
	Total CBS Corp. Stockholders’ Equity		9,001		13,648		38,932		(52,580)		9,001
	Equity attributable to noncontrolling interest		—		—		273		—		273
	Total Stockholders’ Equity		9,001		13,648		39,205		(52,580)		9,274
Total Liabilities and Stockholders’ Equity		$	41,967	$	14,109	$	46,786	$	(76,546)	$	26,316

		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	$	287	$	—	$	368
Receivables, net			30		2		3,202		—		3,234
Programming and other inventory			4		2		766		—		772
Prepaid expenses and other current assets			179		18		474		(26)		645
Current assets of discontinued operations			—		—		351		—		351
	Total current assets		293		23		5,080		(26)		5,370
Property and equipment			37		137		2,923		—		3,097
	Less accumulated depreciation and amortization		9		83		1,532		—		1,624
	Net property and equipment		28		54		1,391		—		1,473
Programming and other inventory			5		—		1,692		—		1,697
Goodwill			98		62		6,536		—		6,696
Intangible assets			—		—		6,064		—		6,064
Investments in subsidiaries			40,454		10,415		—		(50,869)		—
Other assets			89		18		1,856		—		1,963
Intercompany			—		3,240		18,409		(21,649)		—
Assets of discontinued operations			—		—		3,124		—		3,124
Total Assets		$	40,967	$	13,812	$	44,152	$	(72,544)	$	26,387
Liabilities and Stockholders’ Equity
Accounts payable		$	1	$	8	$	277	$	—	$	286
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		—		15		—		20
Accrued expenses and other current liabilities			361		293		1,138		(26)		1,766
Current liabilities of discontinued operations			—		—		254		—		254
	Total current liabilities		847		303		3,083		(26)		4,207
Long-term debt			5,791		—		149		—		5,940
Other liabilities			2,714		317		2,766		—		5,797
Liabilities of discontinued operations			—		—		477		—		477
Intercompany			21,649		—		—		(21,649)		—
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)		13,410		(20,406)		6,996		(24,890)
	Accumulated other comprehensive income (loss)		(545)		(10)		126		(116)		(545)
			18,040		13,523		42,477		(56,000)		18,040
	Less treasury stock, at cost		8,074		331		4,800		(5,131)		8,074
	Total Stockholders’ Equity		9,966		13,192		37,677		(50,869)		9,966
Total Liabilities and Stockholders’ Equity		$	40,967	$	13,812	$	44,152	$	(72,544)	$	26,387

Condensed Consolidating Statement of Cash Flows [Table Text Block]

			Statement of Cash Flows
			For the Six Months Ended June 30, 2014
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating
	activities		$	(334)	$	(166)	$	1,124	$	—	$	624
Investing Activities:
	Acquisitions, net of cash acquired			—		—		(1)		—		(1)
	Capital expenditures			—		(6)		(63)		—		(69)
	Investments in and advances to investee companies			—		—		(64)		—		(64)
	Proceeds from sale of investments			1		1		1		—		3
	Proceeds from dispositions			—		—		5		—		5
Net cash flow provided by (used for) investing activities
	from continuing operations			1		(5)		(122)		—		(126)
Net cash flow used for investing activities
	from discontinued operations			—		—		(23)		—		(23)
Net cash flow provided by (used for) investing activities				1		(5)		(145)		—		(149)
Financing Activities:
	Repayments of short-term debt borrowings, net			(94)		—		—		—		(94)
	Repayment of notes			(99)		—		—		—		(99)
	Payment of capital lease obligations			—		—		(8)		—		(8)
	Dividends			(145)		—		—		—		(145)
	Purchase of Company common stock			(2,468)		—		—		—		(2,468)
	Payment of payroll taxes in lieu of issuing
		shares for stock-based compensation		(145)		—		—		—		(145)
	Proceeds from exercise of stock options			192		—		—		—		192
	Excess tax benefit from stock-based compensation			204		—		—		—		204
	Increase (decrease) in intercompany			2,852		171		(3,023)		—		—
Net cash flow provided by (used for) financing activities
	from continuing operations			297		171		(3,031)		—		(2,563)
Net cash flow provided by financing activities
	from discontinued operations			—		—		2,175		—		2,175
Net cash flow provided by (used for) financing
	activities			297		171		(856)		—		(388)
	Net (decrease) increase in cash and cash equivalents			(36)		—		123		—		87
	Cash and cash equivalents at beginning of period
		(includes $29 of discontinued operations cash)		80		1		316		—		397
Cash and cash equivalents at end of period
	(includes $223 of discontinued operations cash)		$	44	$	1	$	439	$	—	$	484

			Statement of Cash Flows
			For the Six Months Ended June 30, 2013
			CBS Corp.		CBS Operations Inc.		Non-Guarantor Affiliates		Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating
	activities		$	(579)	$	(135)	$	1,765	$	—	$	1,051
Investing Activities:
	Acquisitions, net of cash acquired			—		—		(20)		—		(20)
	Capital expenditures			—		(2)		(66)		—		(68)
	Investments in and advances to investee companies			—		—		(139)		—		(139)
	Proceeds from sale of investments			15		1		2		—		18
	Proceeds from dispositions			—		—		1		—		1
Net cash flow provided by (used for) investing
	activities from continuing operations			15		(1)		(222)		—		(208)
Net cash flow used for investing
	activities from discontinued operations			—		—		(22)		—		(22)
Net cash flow provided by (used for) investing
	activities			15		(1)		(244)		—		(230)
Financing Activities:
	Proceeds from short-term debt borrowings, net			452		—		—		—		452
	Payment of capital lease obligations			—		—		(9)		—		(9)
	Payment of contingent consideration			—		—		(30)		—		(30)
	Dividends			(155)		—		—		—		(155)
	Purchase of Company common stock			(1,579)		—		—		—		(1,579)
	Payment of payroll taxes in lieu of issuing
		shares for stock-based compensation		(139)		—		—		—		(139)
	Proceeds from exercise of stock options			98		—		—		—		98
	Excess tax benefit from stock-based compensation			119		—		—		—		119
	Other financing activities			(4)		—		—		—		(4)
	Increase (decrease) in intercompany			1,560		136		(1,696)		—		—
Net cash flow provided by (used for) financing
	activities			352		136		(1,735)		—		(1,247)
	Net decrease in cash and cash equivalents			(212)		—		(214)		—		(426)
	Cash and cash equivalents at beginning of period
		(includes $21 of discontinued operations cash)		254		1		453		—		708
Cash and cash equivalents at end of period
	(includes $18 of discontinued operations cash)		$	42	$	1	$	239	$	—	$	282