v3.20.4

Equity Method Investments | 12 Months Ended
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Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | NOTE 10. EQUITY METHOD INVESTMENTS Investments in partnerships, joint ventures and less than majority-owned subsidiaries in which we have significant influence are accounted for under the equity method. In May 2020, we acquired the remaining interest in HBO LAG and fully consolidated that entity. In October 2020, we sold our ownership interest in CME. (See Note 6) In 2019, we sold our investments in Hudson Yards and Hulu. (See Note 6) In 2018, we acquired Time Warner, which included various equity method investments. The difference between the fair values and the proportional carrying amounts of those investments’ net assets primarily related to investments in CME (sold in 2020) and HBO LAG (consolidated in 2020). (See Note 6) Our investments in equity affiliates at December 31, 2020 primarily include our interests in SKY Mexico and The CW Network. SKY Mexico We hold a 41.3% interest in SKY Mexico, which is a leading pay-TV provider in Mexico. The CW Network (The CW) We hold a 50.0% interest in The CW, which is an advertising supported broadcasting and licensing joint venture between Warner Bros. and CBS Corporation. The following table is a reconciliation of our investments in equity affiliates as presented on our consolidated balance sheets:
| 2020 |  | 2019
Beginning of year | $ | 3,695 |  |  | $ | 6,245 |
Additional investments | 178 |  |  | 448 |
Acquisition of remaining interest in HBO LAG | (1,141) |  |  | — |
Disposition of CME | (749) |  |  | — |
Disposition of Hudson Yards | — |  |  | (1,681) |
Disposition of Hulu | — |  |  | (689) |
Disposition of Game Show Network | — |  |  | (288) |
Equity in net income (loss) of affiliates | 95 |  |  | 6 |
Dividends and distributions received | (133) |  |  | (301) |
Currency translation adjustments | (10) |  |  | (10) |
Impairments | (146) |  |  | — |
Other adjustments | (9) |  |  | (35) |
End of year | $ | 1,780 |  |  | $ | 3,695 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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