XML 63 R51.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT DATA - Segment Financial Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Segment data          
Assets [1] $ 16,769   $ 16,769   $ 17,370
Total revenues 1,283 $ 771 2,892 $ 1,493  
Depreciation of property and equipment 176 66 350 132  
Amortization of sports programming rights 5   396 0  
Amortization of program contract costs 21 22 44 46  
Corporate general and administrative overhead expenses 32 52 81 80  
(Gain) loss on asset dispositions and other, net of impairment (28) (14) (60) (22)  
Operating income 492 106 819 200  
Interest expense and amortization of debt discount and deferred financing costs 165 54 345 108  
Loss from equity method investments (7) (12) (13) (26)  
Intersegment revenues 25   49    
Operating segments | Broadcast          
Segment data          
Assets 4,657   4,657    
Total revenues 592 660 1,292 1,278  
Depreciation of property and equipment 60 60 118 122  
Amortization of sports programming rights 0   0    
Amortization of program contract costs 21 22 44 46  
Corporate general and administrative overhead expenses 27 33 70 59  
(Gain) loss on asset dispositions and other, net of impairment (29) (14) (60) (22)  
Operating income 83 135 234 230  
Interest expense and amortization of debt discount and deferred financing costs 1 1 2 3  
Loss from equity method investments 0 0 0 0  
Operating segments | Local sports          
Segment data          
Assets 11,040   11,040    
Total revenues 616 0 1,428 0  
Depreciation of property and equipment 109 0 219 0  
Amortization of sports programming rights 5   396    
Amortization of program contract costs 0 0 0 0  
Corporate general and administrative overhead expenses 2 0 4 0  
(Gain) loss on asset dispositions and other, net of impairment 0 0 0 0  
Operating income 399 0 565 0  
Interest expense and amortization of debt discount and deferred financing costs 117 0 240 0  
Loss from equity method investments 2 0 8 0  
Operating segments | Other & Corporate          
Segment data          
Assets 1,152   1,152    
Total revenues 104 117 233 225  
Depreciation of property and equipment 7 6 13 10  
Amortization of sports programming rights 0   0    
Amortization of program contract costs 0 0 0 0  
Corporate general and administrative overhead expenses 3 19 7 21  
(Gain) loss on asset dispositions and other, net of impairment 1 0 0 0  
Operating income 12 (26) 26 (24)  
Interest expense and amortization of debt discount and deferred financing costs 50 56 108 112  
Loss from equity method investments (9) (12) (21) (26)  
Eliminations          
Segment data          
Assets (80)   (80)    
Total revenues (29) (6) (61) (10)  
Depreciation of property and equipment 0 0 0 0  
Amortization of sports programming rights 0   0    
Amortization of program contract costs 0 0 0 0  
Corporate general and administrative overhead expenses 0 0 0 0  
(Gain) loss on asset dispositions and other, net of impairment 0 0 0 0  
Operating income (2) (3) (6) (6)  
Interest expense and amortization of debt discount and deferred financing costs (3) (3) (5) (7)  
Loss from equity method investments $ 0 $ 0 $ 0 $ 0  
[1]
Our consolidated total assets as of June 30, 2020 and December 31, 2019 include total assets of variable interest entities (VIEs) of $268 million and $228 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2020 and December 31, 2019 include total liabilities of VIEs of $32 million and $27 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.