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Equity
 12 Months Ended
Dec. 31, 2013
Equity

Note 13: Equity

Common Stock

In the aggregate, holders of our Class A common stock have 66 2/3% of the voting power of our common stock and holders of our Class B common stock have 331/3% of the voting power of our common stock. Our Class A Special common stock is generally nonvoting. Each share of our Class B common stock is entitled to 15 votes. The number of votes held by each share of our Class A common stock depends on the number of shares of Class A and Class B common stock outstanding at any given time. The 331/3% aggregate voting power of our Class B common stock cannot be diluted by additional issuances of any other class of common stock. Our Class B common stock is convertible, share for share, into Class A or Class A Special common stock, subject to certain restrictions.

Common Stock Outstanding
(in millions)AA SpecialB
Balance, January 1, 2011 2,072 695 9
Stock compensation plans 20 1 -
Repurchases and retirements of common stock - (95) -
Employee stock purchase plans 3 - -
Balance, December 31, 2011 2,095 601 9
Stock compensation plans 24 3 -
Repurchases and retirements of common stock - (96) -
Employee stock purchase plans 3 - -
Balance, December 31, 2012 2,122 508 9
Stock compensation plans 14 - -
Repurchases and retirements of common stock - (49) -
Employee stock purchase plans 2 - -
Balance, December 31, 2013 2,138 459 9
 

Share Repurchases

As of December 31, 2013, we had $1.5 billion of availability remaining under the $6.5 billion share repurchase authorization approved by our Board of Directors in 2012.

In January 2014, our Board of Directors increased our share repurchase program authorization to $7.5 billion, which does not have an expiration date. Under this authorization, we may repurchase shares in the open market or in private transactions.

Share Repurchases
Year ended December 31 (in millions) 2013 2012 2011
Cash consideration$ 2,000$ 3,000$ 2,141
Shares repurchased  49  96  95

Accumulated Other Comprehensive Income (Loss)
December 31 (in millions)  2013 2012
Unrealized gains (losses) on marketable securities$ 67$ 182
Deferred gains (losses) on cash flow hedges  (45)  (67)
Unrecognized gains (losses) on employee benefit obligations  71  (95)
Cumulative translation adjustments  (37)  (5)
Accumulated other comprehensive income (loss), net of deferred taxes$ 56$ 15
NBCUniversal Media, LLC [Member]
  
Equity

Note 12: Equity

NBCUniversal Holdings has caused us and will continue to cause us to make distributions or loans to NBCUniversal Holdings to meet its cash requirements. These requirements include an obligation to make distributions on a quarterly basis to enable Comcast to meet its obligations to pay taxes on taxable income generated by our businesses and quarterly payments from NBCUniversal Holdings to NBCUniversal Enterprise on the liquidation preference of its preferred units. During 2013, 2012 and the period January 29, 2011 through December 31, 2011, we made distributions to NBCUniversal Holdings of $1.4 billion, $964 million and $244 million, respectively. In addition, we also made a distribution of $3.2 billion to NBCUniversal Holdings to fund a portion of the Redemption Transaction. This distribution is presented separately on our consolidated statement of cash flows.

In the Predecessor period ended January 28, 2011, we distributed $7.4 billion to GE prior to the close of the Joint Venture transaction.

 

Accumulated Other Comprehensive Income (Loss)
  Successor
December 31 (in millions) 20132012
Deferred gains (losses) on cash flow hedges$ (5)$ -
Unrecognized gains (losses) on employee benefit obligations  45  (50)
Cumulative translation adjustments  (56)  (15)
Accumulated other comprehensive income (loss), net of deferred taxes$ (16)$ (65)