Supplemental Financial Information

3 Months Ended

Mar. 31, 2015

Note 10: Supplemental Financial Information

Receivables
	March 31,		December 31,
(in millions)	2015		2014
Receivables, gross	$	6,634	$	6,885
Less: Allowance for returns and customer incentives		297		359
Less: Allowance for doubtful accounts		193		205
Receivables, net	$	6,144	$	6,321

Accumulated Other Comprehensive Income (Loss)
	March 31,		March 31,
(in millions)	2015		2014
Unrealized gains (losses) on marketable securities	$	1	$	47
Deferred gains (losses) on cash flow hedges		(6)		(50)
Unrecognized gains (losses) on employee benefit obligations		(68)		71
Cumulative translation adjustments		(115)		(35)
Accumulated other comprehensive income (loss), net of deferred taxes	$	(188)	$	33

Net Cash Provided by Operating Activities
		Three Months Ended
		March 31
(in millions)		2015		2014
Net income		$	2,141	$	1,938
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		2,066		1,970
	Share-based compensation		135		119
	Noncash interest expense (income), net		51		42
	Equity in net (income) losses of investees, net		(33)		(32)
	Cash received from investees		22		18
	Net (gain) loss on investment activity and other		(121)		(59)
	Deferred income taxes		(119)		(226)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		119		195
	Film and television costs, net		(38)		154
	Accounts payable and accrued expenses related to trade creditors		372		82
	Other operating assets and liabilities		650		285
Net cash provided by operating activities		$	5,245	$	4,486

Cash Payments for Interest and Income Taxes
	Three Months Ended
	March 31
(in millions)		2015		2014
Interest	$	691	$	623
Income taxes	$	118	$	186

Noncash Investing and Financing Activities

During the three months ended March 31, 2015:

• we acquired $978 million of property and equipment and intangible assets that were accrued but unpaid

• we recorded a liability of $630 million for a quarterly cash dividend of $0.25 per common share paid in April 2015

• we used $517 million of equity securities to settle our obligations under prepaid forward sale agreements

• we recorded a liability of $123 million for a capital contribution for an investment that was accrued but unpaid

Note 9: Supplemental Financial Information

Receivables
	March 31,		December 31,
(in millions)	2015		2014
Receivables, gross	$	5,248	$	5,258
Less: Allowance for returns and customer incentives		294		356
Less: Allowance for doubtful accounts		63		60
Receivables, net	$	4,891	$	4,842

Accumulated Other Comprehensive Income (Loss)
	March 31,		March 31,
(in millions)	2015		2014
Deferred gains (losses) on cash flow hedges	$	32	$	(6)
Unrecognized gains (losses) on employee benefit obligations		(61)		46
Cumulative translation adjustments		(181)		(53)
Accumulated other comprehensive income (loss)	$	(210)	$	(13)

Net Cash Provided by Operating Activities
		Three Months Ended
		March 31
(in millions)		2015		2014
Net income		$	918	$	741
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		364		365
	Equity in net (income) losses of investees, net		(20)		(18)
	Cash received from investees		12		12
	Net (gain) loss on investment activity and other		46		21
	Deferred income taxes		3		16
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		(106)		55
	Film and television costs, net		(36)		148
	Accounts payable and accrued expenses related to trade creditors		16		(117)
	Other operating assets and liabilities		5		(467)
Net cash provided by operating activities		$	1,202	$	756

Cash Payments for Interest and Income Taxes
	Three Months Ended
	March 31
(in millions)		2015		2014
Interest	$	33	$	36
Income taxes	$	40	$	53

Noncash Investing and Financing Activities

During the three months ended March 31, 2015:

• we acquired $153 million of property and equipment and intangible assets that were accrued but unpaid

• we recorded a liability of $123 million for a capital contribution for an investment that was accrued but unpaid