Supplemental Financial Information Receivables | | | | | | | | (in millions) | March 31,
2017 | December 31,
2016 | Receivables, gross | $ | 8,111 |
| $ | 8,622 |
| Less: Allowance for returns and customer incentives | 347 |
| 417 |
| Less: Allowance for doubtful accounts | 239 |
| 250 |
| Receivables, net | $ | 7,525 |
| $ | 7,955 |
|
Accumulated Other Comprehensive Income (Loss) | | | | | | | | (in millions) | March 31,
2017 | March 31,
2016 | Unrealized gains (losses) on marketable securities | $ | 104 |
| $ | 2 |
| Deferred gains (losses) on cash flow hedges | (7 | ) | (60 | ) | Unrecognized gains (losses) on employee benefit obligations | 282 |
| 8 |
| Cumulative translation adjustments | (37 | ) | (34 | ) | Accumulated other comprehensive income (loss), net of deferred taxes | $ | 342 |
| $ | (84 | ) |
Net Cash Provided by Operating Activities | | | | | | | | | Three Months Ended
March 31 | (in millions) | 2017 | 2016 | Net income | $ | 2,647 |
| $ | 2,224 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | Depreciation and amortization | 2,502 |
| 2,278 |
| Share-based compensation | 173 |
| 153 |
| Noncash interest expense (income), net | 58 |
| 55 |
| Equity in net (income) losses of investees, net | (36 | ) | 11 |
| Cash received from investees | 17 |
| 16 |
| Net (gain) loss on investment activity and other | (53 | ) | (126 | ) | Deferred income taxes | 265 |
| 217 |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | | | Current and noncurrent receivables, net | 465 |
| 562 |
| Film and television costs, net | 46 |
| (80 | ) | Accounts payable and accrued expenses related to trade creditors | (190 | ) | 12 |
| Other operating assets and liabilities | (238 | ) | 77 |
| Net cash provided by operating activities | $ | 5,656 |
| $ | 5,399 |
|
Cash Payments for Interest and Income Taxes | | | | | | | | | Three Months Ended
March 31 | (in millions) | 2017 | 2016 | Interest | $ | 895 |
| $ | 723 |
| Income taxes | $ | 132 |
| $ | 190 |
|
Noncash Investing and Financing Activities During the three months ended March 31, 2017: | | • | we acquired $1.2 billion of property and equipment and intangible assets that were accrued but unpaid |
| | • | we recorded a liability of $747 million for a quarterly cash dividend of $0.1575 per common share to be paid in April 2017 |
|