Related Party Transactions

In the ordinary course of our business, we enter into transactions with Comcast.

We generate revenue from Comcast primarily from the distribution of our cable network programming, the fees received under retransmission consent agreements in our Broadcast Television segment and, to a lesser extent, the sale of advertising and our owned programming, and we incur expenses primarily related to advertising and various support services provided by Comcast to us.

Comcast is also the counterparty to one of our contractual obligations. As of March 31, 2017, the carrying value of the liability associated with this contractual obligation was $383 million.

The following tables present transactions with Comcast and its consolidated subsidiaries that are included in our condensed consolidated financial statements.

Condensed Consolidated Balance Sheet



(in millions)	March 31, 2017		December 31, 2016
Transactions with Comcast and Consolidated Subsidiaries
Receivables, net	$	322	$	285
Accounts payable and accrued expenses related to trade creditors	$	42	$	55
Accrued expenses and other current liabilities	$	19	$	4
Note payable to Comcast	$	1,853	$	2,703
Other noncurrent liabilities	$	389	$	389

Condensed Consolidated Statement of Income



	Three Months Ended March 31
(in millions)	2017			2016
Transactions with Comcast and Consolidated Subsidiaries
Revenue	$	459		$	406
Operating costs and expenses	$	(61	)	$	(60	)
Other income (expense)	$	(19	)	$	(13	)