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Receivables Monetization | 12 Months Ended
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Dec. 31, 2013
Receivables Monetization | Note 17: Receivables Monetization In December 2013, NBCUniversal terminated its programs under which it monetized certain of its accounts receivable with a syndicate of banks. In connection with these terminations, NBCUniversal remitted final payments to the third-party banks that totaled $1.4 42 billion (the “termination payments”) in order to acquire $1.078 billion of accounts receivable s that had been monetized and remained uncollected as of the date of the terminations and settle $364 million of cash receipts that we had collected and had not yet remitted to the banks. The termination payments are included within net cash provided by operating activities in our consolidated statement of cash flows. Prior to the terminations, we accounted for receivables monetized through these programs as sales in accordance with the appropriate accounting guidance. We receive d deferred consideration from the assets sold in the form of a receivable, which wa s funded by residual cash flows after the senior interests ha d been fully paid. As of December 31, 2012, t he deferred consideration wa s included in receivables, net at its initial fair value, which reflects the net cash flows we expect ed to receive related to th o se interests.
Receivables Monetized and Deferred Consideration
December 31 (in millions) |  | 2012
Monetized receivables sold | $ | 791
Deferred consideration | $ | 274
In addition to the amounts presented above, we had $882 million payable to our monetization programs as of December 31, 2012. These amounts represent ed cash receipts that were not yet remitted to the monetization program s and were recorded to accounts payable and accrued expenses related to trade creditors. The net cash payments on transfers that are included within net cash provided by operating activities in our consolidated statement of cash flows were $86 million and $237 million in 2012 and 2011, respectively. The receivables monetization program s did not have a material effect on our consolidated statement of income for the periods presented.
NBCUniversal Media, LLC [Member] |
Receivables Monetization | Note 16: Receivables Monetization In December 2013, w e terminated the programs under which we monetize d certain of our accounts receivable with a syndicate of banks. In connection with these terminations, we remitted final payments to the third-party banks that totaled $1.4 42 billion (the “termination payments”) in order to acquire $1.078 billion of accounts receivable s that had been monetized and remained uncollected as of the date of the terminations and settle $364 million of cash receipts that we had collected and had not yet remitted to the banks. The termination payments are included within net cash provided by operating activities in our consolidated statement of cash flows. Prior to the terminations, w e account ed for receivables monetized through these programs as sales in accordance with the appropriate accounting guidance. We receive d deferred consideration from the assets sold in the form of a receivable, which was funded by residual cash flows after the senior interests had been fully paid. As of December 31, 2012, t he deferred consideration was included in receivables, net at its initial fair value, which reflects the net cash flows we expect ed to receive related to th o se interests.
Receivables Monetized and Deferred Consideration |  |
| Successor
December 31 (in millions) |  | 2012
Monetized receivables sold | $ | 791
Deferred consideration | $ | 274
In addition to the amounts presented above, we had $882 million payable to our monetization programs as of December 31, 2012. These amounts represent ed cash receipts that were not yet remitted to the monetization program s and were recorded to accounts payable and accrued expenses related to trade creditors. The net cash payments on transfers that are included within net cash provided by operating activities in our consolidated statement of cash flows were $86 million and $237 million in 2012 and 2011, respectively. The receivables monetization program s did not have a material effect on our consolidated statement of income for the periods presented.

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- Definition Receivables Monetization [Text Block] + References No definition available. + Details
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