Investments (Tables)

6 Months Ended

Jun. 30, 2012

Investments

Investment Summary

			June 30,		December 31,
(in millions)			2012		2011
Fair value method		$	3,514	$	3,028
Equity Method:
	A&E Television Networks		2,006		2,021
	SpectrumCo		1,414		1,417
	The Weather Channel		465		463
	MSNBC.com		176		174
	Clearwire LLC		-		69
	Other		652		736
			4,713		4,880
Cost Method:
	AirTouch		1,530		1,523
	Other		492		477
			2,022		2,000
Total investments			10,249		9,908
Less: Current investments			2,231		54
Noncurrent investments		$	8,018	$	9,854

Investment Income (Loss), Net

Components of Investment Income (Loss), Net
		Three Months Ended					Six Months Ended
		June 30					June 30
(in millions)			2012		2011			2012		2011
Gains on sales and exchanges of investments, net		$	20	$	7		$	27	$	21
Investment impairment losses			(9)		(3)			(21)		(3)
Unrealized gains (losses) on securities underlying prepaid
	forward sale agreements		(28)		226			488		535
Mark to market adjustments on derivative component of prepaid forward sale
	agreements and indexed debt instruments		20		(186)			(450)		(447)
Interest and dividend income			28		26			57		52
Other, net			(23)		(9)			(1)		(8)
Investment income (loss), net		$	8	$	61		$	100	$	150