Warner Media (TWX) 10-K 19 Feb 10 2009 FY Annual report Financial data

Consolidated Balance Sheet

Consolidated Balance Sheet (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Current assets
Cash and equivalents	$4,800	$1,099	[1]
Receivables, less allowances of $2,253 and $2,229	5,111	5,171	[1]
Inventories	1,779	1,842	[1]
Deferred income taxes	670	565	[1]
Prepaid expenses and other current assets	647	730	[1]
Current assets of discontinued operations	0	7,215	[1]
Total current assets	13,007	16,622	[1]
Noncurrent inventories and film costs	5,777	5,339	[1]
Investments, including available-for-sale securities	1,181	1,027	[1]
Property, plant, and equipment, net	3,963	4,105	[1]
Intangible assets subject to amortization, net	3,068	3,195	[1]
Intangible assets not subject to amortization	7,836	7,728	[1]
Goodwill	29,795	30,267	[1]
Other assets	1,103	1,202	[1]
Noncurrent assets of discontinued operations	0	44,574	[1]
Total assets	65,730	114,059	[1]
Current liabilities
Accounts payable and accrued liabilities	7,897	7,779	[1]
Deferred revenue	786	872	[1]
Debt due within one year	59	2,041	[1]
Current liabilities of discontinued operations	23	3,447	[1]
Total current liabilities	8,765	14,139	[1]
Long-term debt	15,357	19,855	[1]
Deferred income taxes	1,598	1,161	[1]
Deferred revenue	269	266	[1]
Other noncurrent liabilities	6,015	6,719	[1]
Noncurrent liabilities of discontinued operations	0	26,249	[1]
Equity
Common stock, $0.01 par value, 1.634 billion and 1.630 billion shares issued and 1.157 billion and 1.196 billion shares outstanding	16	16	[1]
Paid-in-capital	158,129	169,564	[1]
Treasury stock, at cost (477 million and 434 million shares)	(27,034)	(25,836)	[1]
Accumulated other comprehensive loss, net	(580)	(1,676)	[1]
Accumulated deficit	(97,148)	(99,780)	[1]
Total Time Warner Inc. shareholders' equity	33,383	42,288	[1]
Noncontrolling interests (including $0 and $3,030 attributable to discontinued operations)	343	3,382	[1]
Total equity	33,726	45,670	[1]
Total liabilities and equity	$65,730	$114,059	[1]
[1](recast)

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parenthetical (USD $)
In Millions, except Share data	Dec. 31, 2009	Dec. 31, 2008
Consolidated Balance Sheet
Less allowances	$2,253	$2,229	[1]
Time Warner common stock, par value	0.01	0.01	[1]
Time Warner common stock, shares issued	1,634,000,000	1,630,000,000	[1]
Time Warner common stock, shares outstanding	1,157,000,000	1,196,000,000	[1]
Treasury stock, shares	477,000,000	434,000,000	[1]
Noncontrolling interests attributable to discontinued operations	$0	$3,030	[1]
[1](recast)

Consolidated Statement Of Opera

Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008		12 Months Ended Dec. 31, 2007
Revenues:
Subscription	$8,859	$8,397	[1]	$7,838	[1]
Advertising	5,161	5,798	[1]	5,731	[1]
Content	11,020	11,435	[1]	11,709	[1]
Other	745	886	[1]	933	[1]
Total revenues	25,785	26,516	[1]	26,211	[1]
Costs of revenues	(14,438)	(14,953)	[1]	(15,393)	[1]
Selling, general and administrative	(6,153)	(6,692)	[1]	(6,203)	[1]
Amortization of intangible assets	(319)	(356)	[1]	(306)	[1]
Restructuring costs	(212)	(327)	[1]	(114)	[1]
Asset impairments	(85)	(7,213)	[1]	(34)	[1]
Gain (loss) on sale of assets	(33)	(3)	[1]	6	[1]
Operating income (loss)	4,545	(3,028)	[1]	4,167	[1]
Interest expense, net	(1,155)	(1,325)	[1]	(1,412)	[1]
Other loss, net	(107)	(44)	[1]	(9)	[1]
Income (loss) from continuing operations before income taxes	3,283	(4,397)	[1]	2,746	[1]
Income tax provision	(1,194)	(692)	[1]	(859)	[1]
Income (loss) from continuing operations	2,089	(5,089)	[1]	1,887	[1]
Discontinued operations, net of tax	428	(9,559)	[1]	2,740	[1]
Net income (loss)	2,517	(14,648)	[1]	4,627	[1]
Less Net (income) loss attributable to noncontrolling interests	(49)	1,246	[1]	(240)	[1]
Net income (loss) attributable to Time Warner Inc. shareholders	2,468	(13,402)	[1]	4,387	[1]
Amount attributable to Time Warner Inc. shareholders:
Income (loss) from continuing operations	2,079	(5,094)	[1]	1,889	[1]
Discontinued operations, net of tax	389	(8,308)	[1]	2,498	[1]
Net income (loss)	$2,468	($13,402)	[1]	$4,387	[1]
Per share information attributable to Time Warner Inc. common shareholders:
Basic income (loss) per common share from continuing operations	1.75	-4.27	[1]	1.52	[1]
Discontinued operations	0.33	-6.96	[1]	2.02	[1]
Basic net income (loss) per common share	2.08	-11.23	[1]	3.54	[1]
Average basic common shares outstanding	1,184	1194.2	[1]	1239.6	[1]
Diluted income (loss) per common share from continuing operations	1.74	-4.27	[1]	1.51	[1]
Discontinued operations	0.33	-6.96	[1]	1.99	[1]
Diluted net income (loss) per common share	2.07	-11.23	[1]	3.5	[1]
Average diluted common shares outstanding	1195.1	1194.2	[1]	1,254	[1]
Cash dividends declared per share of common stock	0.75	0.75	[1]	0.705	[1]
[1](recast)

Consolidated Statement Of Cash

Consolidated Statement Of Cash Flows (USD $)
In Millions	12 Months Ended Dec. 31, 2009		12 Months Ended Dec. 31, 2008		12 Months Ended Dec. 31, 2007
OPERATIONS
Net income (loss)	$2,517		($14,648)	[1]	$4,627	[1]
Less Discontinued operations, net of tax	428		(9,559)	[1]	2,740	[1]
Net income (loss) from continuing operations	2,089		(5,089)	[1]	1,887	[1]
Adjustments for noncash and nonoperating items:
Depreciation and amortization	998		1,026	[1]	932	[1]
Amortization of film and television costs	6,623		5,891	[1]	6,076	[1]
Asset impairments	85		7,213	[1]	34	[1]
(Gain) loss on investments and other assets, net	49		52	[1]	(79)	[1]
Equity in losses of investee companies, net of cash distributions	68		27	[1]	49	[1]
Equity-based compensation	175		192	[1]	195	[1]
Deferred income taxes	341		407	[1]	1,296	[1]
Changes in operating assets and liabilities, net of acquisitions:
Receivables	314		1,149	[1]	(925)	[1]
Inventories and film costs	(6,898)		(5,766)	[1]	(6,045)	[1]
Accounts payable and other liabilities	(929)		(816)	[1]	544	[1]
Other charges	470		(222)	[1]	(568)	[1]
Cash provided by operations from continuing operations	3,385	[2]	4,064	[1],[2]	3,396	[1],[2]
INVESTING ACTIVITIES
Investments in available-for-sale securities	(4)		(19)	[1]	(94)	[1]
Investments and acquisitions, net of cash acquired	(745)		(713)	[1]	(551)	[1]
Capital expenditures	(561)		(684)	[1]	(716)	[1]
Investment proceeds from available-for-sale securities	50		13	[1]	36	[1]
Proceeds from the special dividend paid by Time Warner Cable Inc.	9,253		0	[1]	0	[1]
Other investment proceeds	249		131	[1]	623	[1]
Cash provided (used) by investing activities from continuing operations	8,242		(1,272)	[1]	(702)	[1]
FINANCING ACTIVITIES
Borrowings	3,583		33,184	[1]	6,302	[1]
Debt repayments	(10,051)		(34,731)	[1]	(3,272)	[1]
Proceeds from exercise of stock options	56		134	[1]	521	[1]
Excess tax benefit on stock options	1		3	[1]	71	[1]
Principal payments on capital leases	(20)		(17)	[1]	(16)	[1]
Repurchases of common stock	(1,158)		(332)	[1]	(6,231)	[1]
Dividends paid	(897)		(901)	[1]	(871)	[1]
Other financing activities	(57)		(4)	[1]	(4)	[1]
Cash used by financing activities from continuing operations	(8,543)		(2,664)	[1]	(3,500)	[1]
Cash provided (used) by continuing operations	3,084		128	[1]	(806)	[1]
Cash provided by operations from discontinued operations	1,324		6,268	[1]	5,077	[1]
Cash used by investing activities from discontinued operations	(763)		(5,213)	[1]	(3,316)	[1]
Cash provided (used) by financing activities from discontinued operations	(5,255)		3,983	[1]	(988)	[1]
Effect of change in cash and equivalents of discontinued operations	5,311		(5,200)	[1]	79	[1]
Cash provided (used) by discontinued operations	617		(162)	[1]	852	[1]
INCREASE (DECREASE) IN CASH AND EQUIVALENTS	3,701	[3]	(34)	[1],[3]	46	[1],[3]
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	1,099	[1]	1,133	[1]	1,087	[1]
CASH AND EQUIVALENTS AT END OF PERIOD	$4,800		$1,099	[1]	$1,133	[1]
[1](recast)
[2]2009, 2008 and 2007 reflect $30 million, $21 million and $912 million, respectively, in payments, net of recoveries, related to securities litigation and government investigations.
[3]The effect of foreign currency exchange rate changes on cash flows for any period has not been significant, and, as a result, is not separately disclosed.

Consolidated Statement Of Equit

Consolidated Statement Of Equity (USD $)
In Millions	12 Months Ended Dec. 31, 2009		12 Months Ended Dec. 31, 2008		12 Months Ended Dec. 31, 2007
BALANCE AT BEGINNING OF PERIOD	$45,670	[1]	$62,858		$64,428
Net income (loss)	2,517		(14,648)	[1]	4,627	[1]
Foreign currency translation adjustments	222		(961)		292
Change in unrealized gain on securities	(12)		(18)
Change in unfunded benefit obligation	183		(826)		(5)
Change in realized and unrealized losses on derivative financial instruments	35		(71)		(7)
Comprehensive income	2,945		(16,524)		4,907
Cash dividends	(897)		(901)		(871)
Common stock repurchases	(1,198)		(299)		(6,584)	[3]
Impact of adopting new accounting pronouncements			(13)	[2]	399	[2]
Time Warner Cable Inc. Special Dividend	(1,603)
Time Warner Cable Inc. Spin-off	(7,989)
AOL Spin-off	(3,202)
Repurchase of Google's interest in AOL	(283)
Noncontrolling interests of acquired businesses	(27)		357		35
Amounts related primarily to stock options and restricted stock	310		192		544
BALANCE AT END OF PERIOD	33,726		45,670	[1]	62,858
Time Warner Shareholders
BALANCE AT BEGINNING OF PERIOD	42,288		58,536		60,389
Net income (loss)	2,468		(13,402)		4,387
Foreign currency translation adjustments	221		(956)		290
Change in unrealized gain on securities	(12)		(18)
Change in unfunded benefit obligation	183		(780)		2
Change in realized and unrealized losses on derivative financial instruments	35		(71)		(7)
Comprehensive income	2,895		(15,227)		4,672
Cash dividends	(897)		(901)		(871)
Common stock repurchases	(1,198)		(299)		(6,584)	[3]
Impact of adopting new accounting pronouncements			(13)	[2]	386	[2]
Time Warner Cable Inc. Special Dividend	0
Time Warner Cable Inc. Spin-off	(6,822)
AOL Spin-off	(3,202)
Repurchase of Google's interest in AOL	9
Noncontrolling interests of acquired businesses	0		0		0
Amounts related primarily to stock options and restricted stock	310		192		544
BALANCE AT END OF PERIOD	33,383		42,288		58,536
Common Stock
BALANCE AT BEGINNING OF PERIOD	16		16		15
Net income (loss)	0		0		0
Foreign currency translation adjustments	0		0		0
Change in unrealized gain on securities	0		0
Change in unfunded benefit obligation	0		0		0
Change in realized and unrealized losses on derivative financial instruments	0		0		0
Comprehensive income	0		0		0
Cash dividends	0		0		0
Common stock repurchases	0		0		0	[3]
Impact of adopting new accounting pronouncements			0	[2]	0	[2]
Time Warner Cable Inc. Special Dividend	0
Time Warner Cable Inc. Spin-off	0
AOL Spin-off	0
Repurchase of Google's interest in AOL	0
Noncontrolling interests of acquired businesses	0		0		0
Amounts related primarily to stock options and restricted stock	0		0		1
BALANCE AT END OF PERIOD	16		16		16
Paid-In Capital
BALANCE AT BEGINNING OF PERIOD	169,564		170,263		170,774
Net income (loss)	0		0		0
Foreign currency translation adjustments	0		0		0
Change in unrealized gain on securities	0		0
Change in unfunded benefit obligation	0		0		0
Change in realized and unrealized losses on derivative financial instruments	0		0		0
Comprehensive income	0		0		0
Cash dividends	(897)		(901)		(871)
Common stock repurchases	0		0		(211)	[3]
Impact of adopting new accounting pronouncements			0	[2]	12	[2]
Time Warner Cable Inc. Special Dividend	0
Time Warner Cable Inc. Spin-off	(7,213)
AOL Spin-off	(3,480)
Repurchase of Google's interest in AOL	(155)
Noncontrolling interests of acquired businesses	0		0		0
Amounts related primarily to stock options and restricted stock	310		202		559
BALANCE AT END OF PERIOD	158,129		169,564		170,263
Treasury Stock
BALANCE AT BEGINNING OF PERIOD	(25,836)		(25,526)		(19,140)
Net income (loss)	0		0		0
Foreign currency translation adjustments	0		0		0
Change in unrealized gain on securities	0		0
Change in unfunded benefit obligation	0		0		0
Change in realized and unrealized losses on derivative financial instruments	0		0		0
Comprehensive income	0		0		0
Cash dividends	0		0		0
Common stock repurchases	(1,198)		(299)		(6,373)	[3]
Impact of adopting new accounting pronouncements			0	[2]	0	[2]
Time Warner Cable Inc. Special Dividend	0
Time Warner Cable Inc. Spin-off	0
AOL Spin-off	0
Repurchase of Google's interest in AOL	0
Noncontrolling interests of acquired businesses	0		0		0
Amounts related primarily to stock options and restricted stock	0		(11)		(13)
BALANCE AT END OF PERIOD	(27,034)		(25,836)		(25,526)
Retained Earnings (Accumulated Deficit)
BALANCE AT BEGINNING OF PERIOD	(101,456)		(86,217)		(91,260)
Net income (loss)	2,468		(13,402)		4,387
Foreign currency translation adjustments	221		(956)		290
Change in unrealized gain on securities	(12)		(18)
Change in unfunded benefit obligation	183		(780)		2
Change in realized and unrealized losses on derivative financial instruments	35		(71)		(7)
Comprehensive income	2,895		(15,227)		4,672
Cash dividends	0		0		0
Common stock repurchases	0		0		0	[3]
Impact of adopting new accounting pronouncements			(13)	[2]	374	[2]
Time Warner Cable Inc. Special Dividend	0
Time Warner Cable Inc. Spin-off	391
AOL Spin-off	278
Repurchase of Google's interest in AOL	164
Noncontrolling interests of acquired businesses	0		0		0
Amounts related primarily to stock options and restricted stock	0		1		(3)
BALANCE AT END OF PERIOD	(97,728)		(101,456)		(86,217)
Noncontrolling Interests
BALANCE AT BEGINNING OF PERIOD	3,382		4,322		4,039
Net income (loss)	49		(1,246)		240
Foreign currency translation adjustments	1		(5)		2
Change in unrealized gain on securities	0		0
Change in unfunded benefit obligation	0		(46)		(7)
Change in realized and unrealized losses on derivative financial instruments	0		0		0
Comprehensive income	50		(1,297)		235
Cash dividends	0		0		0
Common stock repurchases	0		0		0	[3]
Impact of adopting new accounting pronouncements			0	[2]	13	[2]
Time Warner Cable Inc. Special Dividend	(1,603)
Time Warner Cable Inc. Spin-off	(1,167)
AOL Spin-off	0
Repurchase of Google's interest in AOL	(292)
Noncontrolling interests of acquired businesses	(27)		357		35
Amounts related primarily to stock options and restricted stock	0		0		0
BALANCE AT END OF PERIOD	$343		$3,382		$4,322
[1](recast)
[2]For the year ended December 31, 2008, reflects the impact of adopting accounting guidance related to the accounting for collateral assignment and endorsement split-dollar life insurance arrangements. For the year ended December 31, 2007, reflects the impact of adopting recent accounting guidance related to the accounting for uncertainty in income taxes of $445 million, partially offset by the impact of adopting accounting guidance related to the accounting for sabbatical leave and other similar benefits of $59 million.
[3]Includes $440 million of common stock repurchased from Liberty Media Corporation, indirectly attributable to the exchange of the Atlanta Braves baseball franchise (the "Braves") and Leisure Arts, Inc. ("Leisure Arts"). Specifically, the $440 million represents the fair value at the time of the exchange of the Braves and Leisure Arts of $473 million, less a $33 million net working capital adjustment.

Description of Business, Basis

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies Disclosure [Abstract]
1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1.DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESDescription of BusinessTime Warner Inc. (Time Warner or the Company) is a leading media and entertainment company, whose businesses include television networks, filmed entertainment and publishing. Time Warner classifies its operations into three reportable segments: Networks: consisting principally of cable television networks that provide programming; Filmed Entertainment: consisting principally of feature film, television and home video production and distribution; and Publishing: consisting principally of magazine publishing. Financial information for Time Warners various reportable segments is presented in Note 14.Changes in Basis of PresentationThe 2008 and 2007 financial information has been recast so that the basis of presentation is consistent with that of the 2009 financial information. This recast reflects (i) the financial condition and results of operations of Time Warner Cable Inc. (TWC) and AOL Inc. (AOL) as discontinued operations for all periods presented, (ii) the adoption of recent accounting guidance pertaining to noncontrolling interests, (iii) the adoption of recent accounting guidance pertaining to participating securities and (iv) the 1-for-3 reverse stock split of the Companys common stock that became effective on March 27, 2009.AOL Separation from Time WarnerOn July 8, 2009, the Company repurchased Google Inc.s (Google) 5% interest in AOL for $283 million in cash, which amount included a payment in respect of Googles pro rata share of cash distributions to Time Warner by AOL attributable to the period of Googles investment in AOL. After repurchasing this stake, Time Warner owned 100% of AOL.On December 9, 2009 (the Distribution Date), the Company disposed of all of its shares of AOL common stock. The disposition was made pursuant to a separation and distribution agreement entered into on November 16, 2009 by Time Warner and AOL for the purpose of legally and structurally separating AOL from Time Warner (the AOL Separation). The AOL Separation was effected as a pro rata dividend of all shares of AOL common stock held by Time Warner in a spin-off to Time Warner stockholders. With the completion of the AOL Separation, the Company disposed of its AOL segment in its entirety. Accordingly, the Company has presented the financial condition and results of operations of its former AOL segment as discontinued operations in the consolidated financial statements for all periods presented. For a summary of discontinued operations, see Note 3.TWC Separation from Time Warner On March 12, 2009 (the Distribution Record Date), the Company disposed of all of its shares of TWC common stock. The disposition was made pursuant to a separation agreement entered into on May 20, 2008, among Time Warner, TWC and certain of their subsidiaries (the Separation Agreement) for the purpose of legally and structurally separating TWC from Time Warner (the TWC Separation). The TWC Separation was effected as a pro rata dividend of all shares of TWC common stock held by Time Warner in a spin-off to Time Warner stockholders. Prior to the Distribution Record D

Goodwill and Intangible Assets

Goodwill and Intangible Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill And Intangible Assets Disclosure [Abstract]
2. GOODWILL AND INTANGIBLE ASSETS	2.GOODWILL AND INTANGIBLE ASSETSAs a creator and distributor of branded information and copyrighted entertainment products, Time Warner has a significant number of intangible assets, acquired film and television libraries and other copyrighted products, trademarks and customer lists. Certain intangible assets are deemed to have finite lives and, accordingly, are amortized over their estimated useful lives, while others are deemed to be indefinite-lived and therefore not amortized. Goodwill and indefinite-lived intangible assets, primarily certain tradenames, are tested annually for impairment during the fourth quarter, or earlier upon the occurrence of certain events or substantive changes in circumstances.As more fully described in Note 1, in connection with the performance of its annual impairment analyses in 2009, the Company did not record any asset impairments. In connection with the performance of its annual impairment analyses in 2008, the Company recorded asset impairments of $7.139 billion, which is reflective of the overall decline in the fair values of goodwill and other intangible assets. The asset impairments recorded reduced the carrying values of goodwill at the Publishing segment by $6.007 billion and the carrying values of certain tradenames at the Publishing segment by $1.132 billion, including $614 million of finite-lived intangible assets.In addition, the Company recorded other intangible asset impairments of $52 million in 2009 and $34 million in 2007. In 2009, the Company recorded a $52 million noncash impairment of intangible assets related to Turners interest in a general entertainment network in India. In 2007, the Company recorded a pretax impairment of $34 million related to the Courtroom Television Network LLC (Court TV) tradename as a result of rebranding the Court TV network name to truTV, effective January 1, 2008. The impairments noted above did not result in non-compliance with respect to any debt covenants.The following summary of changes in the Companys goodwill related to continuing operations during the years ended December 31, 2009 and 2008, by reportable segment, is as follows (millions): December 31, 2007 Acquistions, Dispositions and Adjustments(a) Impairments Translation Adjustments December 31, 2008 Acquistions, Dispositions and Adjustments(a) Translation Adjustments December 31, 2009 (recast) (recast) Networks Gross goodwill $ 34,352 $ 606 $ - $ 4 $ 34,962 $ (492) $ 5 $ 34,475 Impairments (13,277) - - - (13,277) - - (13,277) Net goodwill 21,075 606 - 4 21,685 (492) 5 21,198 Filmed Entertainment Gross goodwill 9,551 (14) - (4) 9,533 (19) 3 9,517 Impairments (4,091) - - - (4,091) - - (4,091) Net goodwill 5,460 (14) - (4) 5,442 (19) 3 5,426 Publishing Gross goodwill 18,851 98 - (521) 18,428 (8) 39 18,459 Impairments (9,281) - (6,007) - (15,288) - - (15,288) Net goodwill 9,570 98 (6,007) (521) 3,140 (8) 39 3,171 Time Warner Gross goodwill 62,754 690 - (521) 62,923 (519) 47 62,451 Impairme

Business Acquisitions, Disposit

Business Acquisitions, Dispositions and Related Transactions
	12 Months Ended Dec. 31, 2009 USD / shares
Business Acquisitions, Dispositions and Related Transactions Disclosure [Abstract]
3. BUSINESS ACQUISITIONS, DISPOSITIONS AND RELATED TRANSACTIONS	3.BUSINESS ACQUISITIONS, DISPOSITIONS AND RELATED TRANSACTIONSSeparations of TWC and AOL from Time Warner As discussed in Note 1, on March 12, 2009, the Company completed the legal and structural separation of TWC from the Company. In addition, on December 9, 2009, the Company completed the legal and structural separation of AOL from the Company. With the completion of these separations, the Company disposed of its Cable and AOL segments in their entirety and ceased to consolidate their financial condition and results of operations in its consolidated financial statements. Accordingly, the Company has presented the financial condition and results of operations of its former Cable and AOL segments as discontinued operations in the consolidated financial statements for all periods presented. HBO Central Europe AcquisitionOn January 27, 2010, HBO purchased the remainder of its partners interests in the HBO Central Europe (HBO CE) joint venture for approximately $155 million in cash. HBO CE operates the HBO and Cinemax premium pay television programming services serving 11 territories in Central Europe. This transaction resulted in HBO owning 100% of the interests of HBO CE. Prior to this transaction, HBO owned 33% of the interests in HBO CE and accounted for this investment under the equity method of accounting.CME InvestmentOn May 18, 2009, the Company completed an investment in Central European Media Enterprises Ltd. (CME), in which the Company received a 31% economic interest for $246 million in cash. As of December 31, 2009, the Company was deemed to beneficially hold an approximate 36% voting interest. CME is a publicly-traded broadcasting company operating leading networks in seven Central and Eastern European countries. In connection with its investment, Time Warner agreed to allow CME founder and Non-Executive Chairman Ronald S. Lauder to vote Time Warners shares of CME for at least four years, subject to certain exceptions. The Companys investment in CME is being accounted for under the cost method of accounting.HBO AcquisitionsOn December 27, 2007 and January 2, 2008, the Company, through its Networks segment, purchased additional interests in HBO Asia and HBO South Asia and on December 19, 2008 purchased an additional interest in HBO LAG. The additional interests purchased in each of these three multi-channel pay-television programming services ranged in size from approximately 20% to 30%, and the aggregate purchase price was approximately $275 million, net of cash acquired. As a result of purchasing the additional interests, the Company became the primary beneficiary of each of these variable interest entities and began consolidating the results of HBO Asia, HBO South Asia and HBO LAG as of the approximate dates the respective transactions occurred. See Description of Business, Basis of Presentation and Summary of Significant Accounting Policies Recent Accounting Guidance Not Yet Adopted in Note 1 for a description of amendments to the guidance to accounting for VIEs, which became effective for Time Warner on January 1, 2010 and will be applied on a retrospective basis beginning in the first quarter of 2010. Summary of Disconti

Investments, including Availabl

Investments, including Available for Sale Securities
	12 Months Ended Dec. 31, 2009 USD / shares
Investments Disclosure [Abstract]
4. INVESTMENTS, INCLUDING AVAILABLE FOR SALE SECURITIES	4.INVESTMENTSThe Companys investments consist of equity-method investments, fair-value and other investments, including available-for-sale securities, and cost-method investments. Time Warners investments, by category, consist of (millions): December 31, 2009 2008 (recast) Equity-method investments $ 280 $ 313 Fair-value and other investments, including available-for-sale securities 578 608 Cost-method investments 323 106 Total $ 1,181 $ 1,027 Equity-Method InvestmentsAt December31, 2009, investments accounted for using the equity method primarily represented certain network and filmed entertainment ventures which are generally 20-50% owned. No single investment individually or in the aggregate is considered significant for the periods presented.Fair-Value and Other Investments, Including Available-for-Sale SecuritiesFair-value and other investments include deferred compensation-related investments, available-for-sale securities and equity derivative instruments of $544million, $33million and $1million, respectively, as of December31, 2009 and $527million, $80million and $1million, respectively, as of December31, 2008. Deferred compensation-related investments included $238 million and $230 million at December 31, 2009 and 2008, respectively, which were recorded at fair value, and $306 million and $297 million at December 31, 2009 and 2008, respectively, of Corporate Owned Life Insurance investments, which were recorded at cash surrender value. The deferred compensation program is an elective unfunded program whereby eligible employees may defer receipt of a portion of their annual compensation. The amount deferred increases or decreases based on the valuations of the various hypothetical investment options chosen by the employee. The Company acquires assets in order to economically hedge the Companys liability under the deferred compensation program, which varies based on the performance of the various hypothetical investment options. The corresponding liability for the deferred compensation program is included within Current or Noncurrent other liabilities as appropriate.Equity derivatives instruments and available-for-sale securities are recorded at fair value in the consolidated balance sheet, and the realized gains and losses are included as a component of Other income, net. The cost basis, unrealized gains, unrealized losses and fair market value of available-for-sale securities are set forth below (millions): December 31, 2009 2008 (recast) Cost basis of available-for-sale securities $ 21 $ 49 Gross unrealized gain 14 31 Gross unrealized loss (2) - Fair value of available-for-sale securities $ 33 $ 80 Deferred tax liability $ 5 $ 12 During 2009, 2008 and 2007, $20million, $6million and $32million, respectively, of net unrealized gains were reclassified from Accumulated other comprehensive income, net, to Other income, net, in the consolidated statement of operations, based on the specific identification method.Cost-Method InvestmentsDuring 2009, the Company acquired an interest in CME for $246 million in cash (see Note 3). The Companys other cost-method investments typicall

Inventories and Film Costs

Inventories and Film Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Inventory and Film Costs Disclosure [Abstract]
5. INVENTORIES AND FILM COSTS	5. INVENTORIES AND FILM COSTSInventories and film costs consist of (millions): December 31, 2009 December 31, 2008 Inventories: Programming costs, less amortization $ 3,241 $ 3,206 DVDs, books, paper and other merchandise 332 408 Total inventories(a) 3,573 3,614 Less: current portion of inventory (1,779) (1,842) Total noncurrent inventories 1,794 1,772 Film costs Theatrical: Released, less amortization 622 767 Completed and not released 282 364 In production 1,228 713 Development and pre-production 157 76 Film costs Television: Released, less amortization 1,101 922 Completed and not released 166 224 In production 421 499 Development and pre-production 6 2 Total film costs 3,983 3,567 Total noncurrent inventories and film costs $ 5,777 $ 5,339 _____________ (a) Does not include $1.764 billion and $2.160 billion of net film library costs as of December 31, 2009 and December 31, 2008, respectively, which are included in intangible assets subject to amortization in the consolidated balance sheet. Approximately 90% of unamortized film costs for released theatrical and television product are expected to be amortized within three years from December 31, 2009. In addition, approximately $1.4 billion of the film costs of released and completed and not released theatrical and television product are expected to be amortized during the twelve-month period ending December 31, 2010.

Fair Value Measurements

Fair Value Measurements
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Value Measurements Disclosure [Abstract]
6. FAIR VALUE MEASUREMENTS	6. FAIR VALUE MEASUREMENTSA fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). The following table presents information about assets and liabilities required to be carried at fair value on a recurring basis as of December 31, 2009 (millions): Fair Value Measurements as of December 31, 2009 Using Fair Value as of Quoted Market Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description December 31, 2009 (Level 1) (Level 2) (Level 3) Assets: Trading securities $ 247 $ 243 $ 4 $ - Available-for-sale securities 33 11 22 - Derivatives 45 5 8 32 Liabilities: Derivatives (91) - (91) - Total $ 234 $ 259 $ (57) $ 32 The Company primarily applies the market approach for valuing recurring fair value measurements. The following table reconciles the beginning and ending balances of assets classified as Level 3 and identifies the net income (losses) the Company recognized during the year ended December 31, 2009 on such assets and liabilities that were included in the balance as of December 31, 2009 (millions): Derivatives Balance as of January 1, 2009 $ 1 Total gains (losses): Included in net income 19 Included in other comprehensive income - Purchases, issuances and settlements 12 Transfers in and/or out of Level 3 - Balance as of December 31, 2009 $ 32 Total net gain for the year ended December 31, 2009 included in net income related to assets still held as of December 31, 2009 $ 19 Gains and losses recognized for assets and liabilities valued using significant unobservable inputs are reported in investment gains (losses), net, in other loss, net (Note 17).Other Financial InstrumentsThe Companys other financial instruments including debt are not required to be carried at fair value. Based on the interest rates prevailing at December 31, 2009, the fair value of Time Warners debt exceeds its carrying value by approximately $1.749 billion and at December 31, 2008, the carrying value of Time Warners debt exceeded its fair value by approximately $400 million. Unrealized gains or losses on debt do not result in the realization or expenditure of cash and generally are not recognized for financial reporting purposes unless the debt is retired prior to its maturity. The carrying value for the majority of the Companys other financial instruments approximates fair value due to the short-term nature of such instruments. For the remainder of the Companys other financial instruments, differences between the carrying value and fair value are not significant at December31,

Long Term Debt and Other Financ

Long Term Debt and Other Financing Arrangements
	12 Months Ended Dec. 31, 2009 USD / shares
Long Term Debt and Other Financing Arrangements Disclosure [Abstract]
7. LONG TERM DEBT AND OTHER FINANCING ARRANGEMENTS	7. LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Committed financing capacity and long-term debt consists of (millions): Weighted Average Interest Rate at Committed Capacity at Unused Committed Capacity at Outstanding Debt(c) December 31, 2009 Maturities December 31, 2009(a) Letters of Credit (b) December 31, 2009 December 31, 2009 December 31, 2008 (recast) Cash and equivalents $ 4,800 $ - $ 4,800 Revolving bank credit agreement and commercial paper program - 2011 6,900 82 6,818 $ - $ 4,490 Floating-rate public debt - - - - - - 2,000 Fixed-rate public debt 7.14% 2011-2036 15,227 - - 15,227 15,227 Other obligations(d) 7.00% 319 17 113 189 179 Subtotal 27,246 99 11,731 15,416 21,896 Debt due within one year (59) - - (59) (2,041) Total $ 27,187 $ 99 $ 11,731 $ 15,357 $ 19,855 __________ (a) The revolving bank credit agreement, commercial paper program and public debt of the Company rank pari passu with the senior debt of the respective obligors thereon. The maturity profile of the Company's outstanding debt and other financing arrangements is relatively long-term, with a weighted average maturity of 12.3 years as of December 31, 2009. (b) Represents the portion of committed capacity reserved for outstanding and undrawn letters of credit. (c) Represents principal amounts adjusted for premiums and discounts. The weighted-average interest rate on Time Warners total debt was 7.14% at December 31, 2009 and 5.50% at December 31, 2008. The Companys public debt matures as follows: $0 in 2010, $2.000 billion in 2011, $2.000 billion in 2012, $1.300 billion in 2013, $0 in 2014 and $10.031 billion thereafter. (d) Amount consists of capital lease and other obligations, including committed financings by subsidiaries under local bank credit agreements. Credit Agreements and Commercial Paper Program Revolving Bank Credit AgreementAt December 31, 2009, Time Warner has a $6.9 billion senior unsecured five-year revolving credit facility that matures February 17, 2011 (the Revolving Facility). The permitted borrowers under the Revolving Facility are Time Warner and Time Warner International Finance Limited (the Borrowers). On March 11, 2009, the Company entered into the first and second amendments to the amended and restated credit agreement (the Revolving Credit Agreement) for its Revolving Facility. The first amendment terminated the $100 million commitment of Lehman Commercial Paper Inc. (LCPI), a subsidiary of Lehman Brothers Holdings Inc., which filed a petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code in September 2008, reducing the committed amount of the Revolving Facility from $7.0 billion to $6.9 billion. The second amendment, among other things, amended the Revolving Credit Agreement to (i) expand the circumstances under which any other lender under the Revolving Facility would become a Defaulting Lender (as defined in the Revolving Credit Agreement, as amended) and (ii) permit Time Warner to terminate the commitment of any such lender on terms substantially similar to those ap

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Tax Disclosure [Abstract]
8. INCOME TAXES	8.INCOME TAXES Domestic and foreign income before income taxes, discontinued operations and cumulative effect of accounting change is as follows (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Domestic $ 3,281 $ (4,622) $ 2,551 Foreign 2 225 195 Total $ 3,283 $ (4,397) $ 2,746 Current and deferred income taxes (tax benefits) provided on income from continuing operations are as follows (millions): Years Ended December 31, 2009 2008 2007 Federal: (recast) (recast) Current $ 413 $ (72) $ (581) Deferred 461 373 1,187 Foreign: Current(a) 389 314 216 Deferred (84) (30) (6) State and Local: Current 51 43 (72) Deferred (36) 64 115 Total $ 1,194 $ 692 $ 859 ____________ (a) Includes foreign withholding taxes of $263 million in 2009, $205 million in 2008 and $148 million in 2007. The differences between income taxes (tax benefits) expected at the U.S.federal statutory income tax rate of 35% and income taxes (tax benefits) provided are as set forth below (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Taxes (tax benefits) on income at U.S. federal statutory rate $ 1,149 $ (1,539) $ 961 State and local taxes (tax benefits), net of federal tax effects 79 (99) 63 Nondeductible goodwill impairments - 2,208 - Litigation matters - 107 - Valuation allowances 19 - (102) Other (53) 15 (63) Total $ 1,194 $ 692 $ 859 Significant components of Time Warners net deferred tax liabilities are as follows (millions): December 31, 2009 2008 Deferred tax assets: (recast) Tax attribute carryforwards $ 706 $ 587 Receivable allowances and return reserves 337 308 Royalties, participations and residuals 353 377 Investments 208 299 Equity-based compensation 1,187 1,282 Amortization and Depreciation 559 999 Other 1,287 1,568 Valuation allowances(a) (701) (788) Total Deferred tax assets $ 3,936 $ 4,632 Deferred tax liabilities: Assets acquired in business combinations $ 3,821 $ 4,087 Unbilled television receivables 861 1,025 Unremitted earnings of foreign subsidiaries 182 116 Total Deferred tax liabilities 4,864 5,228 Net deferred tax liability(b) $ 928 $ 596 _____________ (a) The Company has recorded valuation allowances for certain tax attributes and other deferred tax assets. As of December 31, 2009, sufficient uncertainty exists regarding the future realization of these deferred tax assets. If in the future the Company believes that it is more likely than not that these deferred tax benefits will be realized, the majority of the valuation allowances will be recognized in the statement of operations. (b) The net deferred tax liability includes current deferred tax assets of $670 million and $565 million as of December 31, 2009 and 2008, respectively. U.S.income and foreign withholding taxes have not been recorded on permanently reinvested earnings of certain foreign subsidiaries aggregating approximately $1.6 billion at December 31, 2009. Determ

Shareholders' Equity

Shareholders' Equity
	12 Months Ended Dec. 31, 2009 USD / shares
Shareholders' Equity Disclosure [Abstract]
9. SHAREHOLDERS' EQUITY	9.SHAREHOLDERS EQUITY Spin-Offs of TWC and AOLIn connection with the TWC Separation, the Company recognized a reduction of $7.989 billion to shareholders equity, including $1.167 billion attributable to noncontrolling interests. In connection with the AOL Separation, the Company recognized a reduction of $3.202 billion to shareholders equity.Common Stock Repurchase ProgramOn July 26, 2007, Time Warners Board of Directors authorized a common stock repurchase program that allows the Company to purchase up to an aggregate of $5 billion of common stock. Purchases under this stock repurchase program may be made from time to time on the open market and in privately negotiated transactions. The size and timing of these purchases are based on a number of factors, including price and business and market conditions. From the programs inception through December 31, 2009, the Company repurchased approximately 93 million shares of common stock for approximately $4.0 billion pursuant to trading programs under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. This number included approximately 43 million shares of common stock purchased for approximately $1.2 billion during the year ended December 31, 2009. As of December 31, 2009, the Company had approximately $1.0 billion remaining on its stock repurchase program. On January 28, 2010, Time Warners Board of Directors increased this amount to $3.0 billion.Shares Authorized and OutstandingAt December 31, 2009, shareholders equity of Time Warner included 1.157 billion shares of common stock (net of approximately 477 million shares of common stock held in treasury). As of December 31, 2009, Time Warner is authorized to issue up to 750 million shares of preferred stock, up to 8.333 billion shares of common stock and up to 600 million shares of additional classes of common stock. At December 31, 2008, shareholders equity of Time Warner included 1.196 billion of common stock (net of approximately 434 million shares of common stock held in treasury).

Equity Based Compensation

Equity Based Compensation
	12 Months Ended Dec. 31, 2009 USD / shares
Equity-Based Compensation Disclosure [Abstract]
10. EQUITY-BASED COMPENSATION	10.EQUITY-BASED COMPENSATIONEquity PlansThe Company has one active equity plan under which it is authorized to grant equity awards to employees and non-employee directors, covering an aggregate of 72million shares of common stock. Options have been granted to employees and non-employee directors of Time Warner with exercise prices equal to, or in excess of, the fair market value at the date of grant. Generally, the stock options vest ratably over a four-year vesting period and expire ten years from the date of grant. Certain stock option awards provide for accelerated vesting upon an election to retire pursuant to the Companys defined benefit retirement plans or after reaching a specified age and years of service, as well as certain additional circumstances for non-employee directors.Pursuant to this equity plan, Time Warner may also grant shares of common stock or restricted stock units (RSUs), which generally vest between three to five years from the date of grant, to its employees and non-employee directors. Certain RSU awards provide for accelerated vesting upon an election to retire pursuant to the Companys defined benefit retirement plans or after reaching a specified age and years of service, as well as certain additional circumstances for non-employee directors. Holders of restricted stock and RSU awards are generally entitled to receive cash dividends or dividend equivalents, respectively, paid by the Company during the period of time that the restricted stock or RSU awards are unvested.Time Warner also has a performance stock unit program for senior level executives. Under this program, recipients of performance stock units (PSUs) are awarded a target number of PSUs that represent the contingent (unfunded and unsecured) right to receive shares of Company stock at the end of a performance period (generally three years) based on the actual performance level achieved by the Company. For PSUs granted prior to 2009, the recipient of a PSU may receive, depending on the Companys total shareholder return (TSR) relative to the other companies in the SP 500 Index, 0% to 200% of the target PSUs granted based on a sliding scale where a relative ranking of less than the 25thpercentile will pay 0% and a ranking at the 100thpercentile will pay 200% of the target number of shares. For PSUs granted in 2009, the recipient of a PSU may receive a percentage of target PSUs determined in the same manner as PSUs granted prior to 2009, except if the Companys TSR ranking is below the 50th percentile and its growth in adjusted earnings per share (adjusted EPS) relative to the growth in adjusted EPS of the other companies in the SP 500 Index is at or above the 50th percentile. In such situations, the percentage of a participants target PSUs that will vest will be the average of (i) the percentage of target PSUs that would vest based on the Companys TSR ranking during the performance period and (ii) 100%. For accounting purposes, PSUs granted prior to 2009 are considered to have a market condition and PSUs granted in 2009 are considered to have a market condition and a performance condition. The effect of a market condition is reflected in the grant date fa

Benefit Plans

Benefit Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Benefit Plans Disclosure [Abstract]
11. BENEFIT PLANS	11.BENEFIT PLANSTime Warner and certain of its subsidiaries have both funded and unfunded defined benefit pension plans, the substantial majority of which are noncontributory, covering certain domestic employees and, to a lesser extent covering international employees. Pension benefits are determined based on formulas that reflect the employees years of service and compensation during their employment period and participation in the plans. Time Warner uses a December 31 measurement date for its plans. A summary of activity for substantially all of Time Warners domestic and international defined benefit pension plans is as follows: Domestic International December 31, December 31, 2009 2008 2009 2008 (recast) Change in benefit obligation: Projected benefit obligation, beginning of year $ 2,347 $ 2,324 $ 623 $ 945 Service cost 65 80 13 24 Interest cost 142 141 37 51 Plan participants contribution 3 2 4 6 Actuarial (gain)/loss 98 (51) 172 (175) Benefits paid (128) (115) (24) (24) Plan amendments(a) - (34) - - Settlements/curtailments (26) - (4) - Foreign currency exchange rates - - 90 (204) Projected benefit obligation, end of year $ 2,501 $ 2,347 $ 911 $ 623 Accumulated benefit obligation, end of year $ 2,316 $ 2,177 $ 826 $ 557 ____________ (a) Effective July 1, 2008, the Time Warner Pension Plan was amended to change the plans benefit payment formula from a monthly annuity based payment formula to a fixed lump-sum payment formula. Plan Assets Defined Benefit Plans Domestic International December 31, December 31, 2009 2008 2009 2008 (recast) Change in plan assets: Fair value of plan assets, beginning of year $ 1,702 $ 2,168 $ 646 $ 1,048 Actual return on plan assets 501 (746) 135 (191) Employer contributions 43 395 30 30 Benefits paid (128) (115) (24) (24) Settlements (26) - (3) - Plan participants contribution - - 4 6 Foreign currency exchange rates - - 82 (223) Fair value of plan assets, end of year $ 2,092 $ 1,702 $ 870 $ 646 Funded Status Domestic International December 31, December 31, 2009 2008 2009 2008 (recast) Fair value of plan assets $ 2,092 $ 1,702 $ 870 $ 646 Projected benefit obligation 2,501 2,347 911 623 Funded status, amount recognized $ (409) $ (645) $ (41) $ 23 Amounts recognized in the consolidated balance sheet consisted of (millions): Domestic International December 31, December 31, 2009 2008 2009 2008 (recast) Noncurrent asset $ - $ - $ 17 $ 46 Current liability (35) (27) (1) (1) Noncurrent liability (374) (618) (57) (22) $ (409) $ (645) $ (41) $ 23 Accumulated other comprehensive income: Net actuarial loss $ 882 $ 1,279 $ 212 $ 117 Prior service credit (16) (16) - - $ 866 $ 1,263 $ 212 $ 117 Included in the change in benefit obligation table above are the following projected benefit obligations, accumulated benefit obligations, and fair values of plan assets at the end of the

Restructuring Costs

Restructuring Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Restructuring Costs Disclosure [Abstract]
12. RESTRUCTURING COSTS	12.RESTRUCTURING COSTS Merger Costs Capitalized as a Cost of AcquisitionAs of December 31, 2009, merger costs capitalized as a cost of acquisition was $23 million, with $4 million having been paid during the year ended December 31, 2009. As of December 31, 2009, $6 million of the remaining liability was classified as a current liability in the consolidated balance sheet, with the remaining $17 million classified as a long-term liability. Amounts classified as long-term, primarily related to lease exit costs, are expected to be paid through 2014.Restructuring Costs ExpensedThe Companys restructuring costs primarily related to employee termination costs and ranged from senior executives to line personnel. Restructuring costs expensed as incurred by segment for the years ended December 31, 2009, 2008 and 2007 are as follows (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Networks $ 8 $ (3) $ 37 Filmed Entertainment 105 142 - Publishing 99 176 67 Corporate - 12 10 Total restructuring costs $ 212 $ 327 $ 114 Years Ended December 31, 2009 2008 2007 (recast) (recast) 2009 restructuring activity $ 198 $ - $ - 2008 restructuring activity 14 329 - 2007 and prior restructuring activity - (2) 114 Restructuring costs $ 212 $ 327 $ 114 2009 Restructuring ActivityFor the year ended December31, 2009, the Company incurred $198million in restructuring costs primarily related to various employee terminations and other exit activities, including $100million at the Filmed Entertainment segment, $90million at the Publishing segment and $8 million at the Networks segment. Employee termination costs occurred across each of the segments and ranged from senior executives to line personnel.2008 Restructuring ActivityFor the year ended December31, 2008, the Company incurred $329million in restructuring costs primarily related to various employee terminations and other exit activities, including $142million at the Filmed Entertainment segment, $176million at the Publishing segment, and $11million at Corporate. Employee termination costs occurred across each of the segments and ranged from senior executives to line personnel.In addition, during the year ended December31, 2009, the Company incurred $5 million at the Filmed Entertainment segment and $9million at the Publishing segment related to 2008 restructuring initiatives as a result of changes in estimates of previously established restructuring accruals.2007 and Prior Restructuring ActivityFor the year ended December31, 2007, the Company incurred $114million in restructuring costs primarily related to various employee terminations and other exit activities, including $37million at the Networks segment, $67million at the Publishing segment, which includes $10million of costs related to the shutdown of LIFE and Business 2.0 magazines, and $10million at Corporate. Employee termination costs occurred across each of the segments and ranged from senior executives to line personnel, including severance related to senior management changes at HBO.During the year ended December31, 2008, the Company incurred $1 million at Co

Derivative Instruments

Derivative Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Derivative Instruments Disclosure [Abstract]
13. DERIVATIVE INSTRUMENTS	13.DERIVATIVE INSTRUMENTSTime Warner uses derivative instruments, principally forward contracts, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and changes in fair value resulting from changes in foreign currency exchange rates. The Company uses derivative instruments that generally have maturities of three to eighteen months to hedge various foreign exchange exposures, including the following: (i) variability in foreign currency-denominated cash flows, such as the hedges of unremitted or forecasted royalty and license fees to be received from the sale or anticipated sale of U.S. copyrighted products abroad or cash flows for certain film costs denominated in a foreign currency (i.e., cash flow hedges) and (ii) currency risk associated with foreign currency-denominated operating assets and liabilities (i.e., fair value hedges). The Company also enters into derivative contracts that economically hedge certain of its foreign currency risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. These economic hedges are used primarily to offset the change in certain foreign currency-denominated, long-term receivables and certain foreign currency-denominated debt due to changes in the underlying foreign exchange rates. Gains and losses from hedging activities are largely offset by corresponding economic gains or losses from the respective transactions that were hedged. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to any of its financial transactions. The following is a summary of amounts pertaining to Time Warners use of foreign currency derivatives at December31, 2009 (millions): December 31, 2009 Qualifying Hedges Assets $ 90 Liabilities (137) Economic Hedges Assets $ 7 Liabilities (43) Netting provisions are provided for in existing International Swap and Derivative Association Inc. agreements in situations where the Company executes multiple contracts with the same counterparty. As a result, net assets or liabilities resulting from foreign exchange derivatives subject to these netting agreements are classified within prepaid expenses and other current assets or accounts payable and accrued expenses in the Companys consolidated balance sheet. At December31, 2009, $61 million of losses related to cash flow hedges are recorded in accumulated other comprehensive income in the Companys consolidated balance sheet and are expected to be recognized in earnings at the same time hedged items affect earnings. Included in this amount are deferred net losses of $17 million related to hedges of cash flows associated with films that are not expected to be released within the next twelve months. The following is a summary of amounts pertaining to Time Warners use of foreign currency derivatives for the year ended December31, 2009 (millions): December 31, 2009 Fair Value Hedges Gain (loss) Effective Portion: Costs of revenues $ 17 Gain (loss) recognized in net income and excluded from effectiveness testing Ineffective Portion: Other incom

Segment Information

Segment Information
	12 Months Ended Dec. 31, 2009 USD / shares
Segment Information Disclosure [Abstract]
14. SEGMENT INFORMATION	14. SEGMENT INFORMATIONTime Warner classifies its operations into three reportable segments: Networks, consisting principally of cable television networks that provide programming; Filmed Entertainment, consisting principally of feature film, television and home video production and distribution; Publishing, consisting principally of magazine publishing.Information as to the operations of Time Warner in each of its reportable segments is set forth below based on the nature of the products and services offered. Time Warner evaluates the performance of its businesses based on several factors, of which the primary financial measure is operating income (loss) before depreciation of tangible assets and amortization of intangible assets (Operating Income (Loss) before Depreciation and Amortization). Additionally, the Company has provided a summary of Operating Income (Loss) by segment. Year Ended December 31, 2009 Subscription Advertising Content Other Total (millions) Revenues Networks $ 7,491 $ 3,272 $ 813 $ 127 $ 11,703 Filmed Entertainment 44 79 10,766 177 11,066 Publishing 1,324 1,878 73 461 3,736 Intersegment eliminations - (68) (632) (20) (720) Total revenues $ 8,859 $ 5,161 $ 11,020 $ 745 $ 25,785 Year Ended December 31, 2008 Subscription Advertising Content Other Total (recast, millions) Revenues Networks $ 6,835 $ 3,359 $ 900 $ 60 $ 11,154 Filmed Entertainment 39 88 11,030 241 11,398 Publishing 1,523 2,419 63 603 4,608 Intersegment eliminations - (68) (558) (18) (644) Total revenues $ 8,397 $ 5,798 $ 11,435 $ 886 $ 26,516 Year Ended December 31, 2007 Subscription Advertising Content Other Total (recast, millions) Revenues Networks $ 6,258 $ 3,058 $ 909 $ 45 $ 10,270 Filmed Entertainment 30 48 11,355 249 11,682 Publishing 1,551 2,698 53 653 4,955 Intersegment eliminations (1) (73) (608) (14) (696) Total revenues $ 7,838 $ 5,731 $ 11,709 $ 933 $ 26,211 Intersegment RevenuesIn the normal course of business, the Time Warner segments enter into transactions with one another. The most common types of intersegment transactions include:the Filmed Entertainment segment generating Content revenues by licensing television and theatrical programming to the Networks segment; andthe Networks and Publishing segments generating Advertising revenues by promoting the products and services of other Time Warner segments.These intersegment transactions are recorded by each segment at estimated fair value as if the transactions were with third parties and, therefore, affect segment performance. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses or assets recognized by the segment that is counterparty to the transaction) are eliminated in consolidation and, therefore, do not affect consolidated results. Additionally, transactions between divisions within the same reporting segment (e.g., a transaction between HBO and Turner within the Networks segment)

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies Disclosure [Abstract]
15. COMMITMENTS AND CONTINGENCIES	15.COMMITMENTS AND CONTINGENCIES CommitmentsTime Warners total net rent expense from continuing operations amounted to $421 million in 2009, $415 million in 2008 and $446 million in 2007. Included in such amounts was sublease income of $52 million for 2009, $59 million for 2008 and $35 million for 2007. The Company has long-term noncancelable lease commitments for office space, studio facilities and operating equipment in various locations around the world. The minimum rental commitments under noncancelable long-term operating leases during the next five years are as follows (millions): 2010 $ 424 2011 383 2012 353 2013 336 2014 314 Thereafter 922 Total $ 2,732 Additionally, as of December 31, 2009, the Company has future sublease income commitments of $273 million. Time Warner also has commitments under certain programming, network licensing, artist, franchise and other agreements aggregating $16.589 billion at December 31, 2009, which are payable principally over a ten-year period, as follows (millions): 2010 $ 4,137 2011-2012 5,248 2013-2014 3,956 Thereafter 3,248 Total $ 16,589 The Company also has certain contractual arrangements that would require it to make payments or provide funding if certain circumstances occur (contingent commitments). Contingent commitments include contingent consideration to be paid in connection with acquisitions and put/call arrangements on certain investment transactions, which could require the Company to make payments to acquire certain assets or ownership interests.The following table summarizes separately the Companys contingent commitments at December 31, 2009. For put/call options where payment obligations are outside the control of the Company, the timing of amounts presented in the table represents the earliest period in which payment could be made. For other contingent commitments, the timing of amounts presented in the table represents when the maximum contingent commitment will expire, but does not mean that the Company expects to incur an obligation to make any payments within that time period. In addition, amounts presented do not reflect the effects of any indemnification rights the Company might possess (millions). Total Nature of Contingent Commitments Commitments 2010 2011-2012 2013-2014 Thereafter Guarantees(a) $ 1,589 $ 322 $ 81 $ 172 $ 1,014 Letters of credit and other contingent commitments 1,292 152 418 328 394 Total contingent commitments $ 2,881 $ 474 $ 499 $ 500 $ 1,408 ____________ (a) Amounts primarily reflect the Six Flags Guarantee and the guarantee of the AOL Revolving Facility discussed below. The following is a description of the Companys contingent commitments at December 31, 2009: Guarantees include guarantees the Company has provided on certain lease and operating commitments entered into by (a) entities formerly owned by the Company including the arrangements described below and (b) ventures in which the Company is or was a venture partner. Six FlagsIn connection with the Companys former investment in the Six Flags theme parks located in Georgia and Texas (Six Fl

Related Party Transactions

Related Party Transactions
	12 Months Ended Dec. 31, 2009 USD / shares
Related Party Transactions Disclosure [Abstract]
16. RELATED PARTY TRANSACTIONS	16.RELATED PARTY TRANSACTIONSThe Company has entered into certain transactions in the ordinary course of business with unconsolidated investees accounted for under the equity method of accounting. These transactions have been executed on terms comparable to those of transactions with unrelated third parties and primarily include the licensing of broadcast rights to The CW for film and television product by the Filmed Entertainment segment and the licensing of rights to carry cable television programming provided by the Networks segment.Income (expense) resulting from transactions with related parties consists of (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Revenues $ 261 $ 389 $ 329 Costs of revenues (10) (8) (35) Selling, general and administrative (17) (12) (10)

Additional Financial Informatio

Additional Financial Information
	12 Months Ended Dec. 31, 2009 USD / shares
Additional Financial Information Disclosure [Abstract]
17. ADDITIONAL FINANCIAL INFORMATION	17.ADDITIONAL FINANCIAL INFORMATIONCash FlowsAdditional financial information with respect to cash (payments) and receipts is as follows (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Cash payments made for interest $ (1,114) $ (1,369) $ (1,490) Interest income received 43 64 85 Cash interest payments, net $ (1,071) $ (1,305) $ (1,405) Cash payments made for income taxes $ (1,178) $ (696) $ (593) Income tax refunds received 99 137 103 TWC and AOL tax sharing receipts, net(a) 241 342 1,139 Cash tax (payments) receipts, net $ (838) $ (217) $ 649 ___________ (a) Represents net amounts received from TWC and AOL in accordance with tax sharing agreements with TWC and AOL. The consolidated statement of cash flows for the year December 31, 2009 does not reflect approximately $40 million of common stock repurchases that were included in other current liabilities at December 31, 2009 but for which payment was not made until the first quarter of 2010. Additionally, the consolidated statement of cash flows for the year December 31, 2009 does not reflect the noncash dividends of all shares of TWC and AOL common stock held by the Company in spin-offs to Time Warner stockholders, which together reduced Time Warner Inc shareholders equity by $10.024 billion.The consolidated statement of cash flows for the year December 31, 2008 reflects approximately $33million of common stock repurchases that were included in other current liabilities at December 31, 2007 but for which payment was not made until 2008. Additionally, the consolidated statement of cash flows for the year December 31, 2007 reflects approximately $120million of common stock repurchases that were included in other current liabilities at December31, 2006 but for which payment was not made until the first quarter of 2007.The consolidated statement of cash flows for the year ended December31, 2007 does not reflect approximately $440million of common stock repurchased or due from Liberty Media Corporation, indirectly attributable to the exchange of the Braves and Leisure Arts. Specifically, the $440million represents the fair value at the time of the exchange of the Braves and Leisure Arts of $473million, less a $33million net working capital adjustment.Interest Expense, NetInterest expense, net, consists of (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Interest income $ 138 $ 168 $ 181 Interest expense (1,293) (1,493) (1,593) Total interest expense, net $ (1,155) $ (1,325) $ (1,412) Other Loss, NetOther loss, net, consists of (millions): Years Ended December 31, 2009 2008 2007 (recast) (recast) Investment gains (losses), net $ (21) $ (60) $ 75 Amounts related to the separation of TWC 14 (11) - Costs related to the separation of AOL (15) - - Income (loss) on equity method investees (63) 18 (24) Losses on accounts receivable (11) (35) (56) Other (11) 44 (4) Total other loss, net $ (107) $ (44) $ (9) Accounts Payable and Accrued LiabilitiesAccounts payable and accrued liabilities consist of (millions):

Supplementary Information - Con

Supplementary Information - Condensed Consolidating Financial Statements
	12 Months Ended Dec. 31, 2009 USD / shares
Supplementary Information Disclosure [Abstract]
SUPPLEMENTARY INFORMATION - CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	OverviewSet forth below are recast condensed consolidating financial statements presenting the financial position, results of operations and cash flows of (i) Time Warner Inc. (the Parent Company), (ii) Historic TW Inc. (in its own capacity and as successor to Time Warner Companies, Inc.), Home Box Office, Inc., and Turner Broadcasting System, Inc., each a wholly owned subsidiary of the Parent Company, on a combined basis (collectively, the Guarantor Subsidiaries), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the Non-Guarantor Subsidiaries) on a combined basis and (iv) the eliminations necessary to arrive at the information for Time Warner Inc. on a consolidated basis. The Guarantor Subsidiaries, fully and unconditionally, jointly and severally, guarantee the securities issued under the Indentures on an unsecured basis.The 2008 and 2007 financial information has been recast so that the basis of presentation is consistent with that of the 2009 financial information. These condensed consolidating financial statements have been recast to reflect (i) the financial condition and results of operations of Time Warner Cable Inc. and AOL Inc. as discontinued operations for all periods presented, (ii) the adoption of accounting guidance pertaining to noncontrolling interests, (iii) the adoption of accounting guidance pertaining to participating securities, and (iv) the 1-for-3 reverse stock split of the Parent Companys common stock that became effective on March 27, 2009.There are no legal or regulatory restrictions on the Parent Companys ability to obtain funds from any of its wholly owned subsidiaries through dividends, loans or advances.Basis of PresentationIn presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Companys interests in the Guarantor Subsidiaries and (ii) the Guarantor Subsidiaries interests in the Non-Guarantor Subsidiaries, where applicable, even though all such subsidiaries meet the requirements to be consolidated under U.S. generally accepted accounting principles. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column Eliminations.The Parent Companys accounting bases in all subsidiaries, including goodwill and identified intangible assets, have been pushed down to the applicable subsidiaries. Interest income (expense) is determined based on third-party debt and the relevant intercompany amounts within the respective legal entity.All direct and indirect domestic subsidiaries are included in Time Warner Inc.s consolidated U.S. tax return. In the condensed consolidating financial statements, tax expense has been allocated based on each such subsidiarys relative pretax income to the consolidated pretax income. With respect to the use of certain consolidated tax attributes (principally operating and capital loss carryforwards), such benefits have been allocated to the respective subsidiary that generated the taxable income permitting such use (i.e., pro-rata based on where the income was generated). For

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule Of Valuation And Qualifying Accounts Disclosure [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	Balance at Additions Charged Balance at Beginning of to Costs End of Description Period and Expenses Deductions Period 2009: Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 438 $ 87 $ (152) $ 373 Reserves for sales returns and allowances 1,791 2,673 (2,584) 1,880 Total $ 2,229 $ 2,760 $ (2,736) $ 2,253 2008 (recast): Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 423 $ 122 $ (107) $ 438 Reserves for sales returns and allowances 1,869 3,017 (3,095) 1,791 Total $ 2,292 $ 3,139 $ (3,202) $ 2,229 2007 (recast): Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 429 $ 70 $ (76) $ 423 Reserves for sales returns and allowances 1,726 2,853 (2,710) 1,869 Total $ 2,155 $ 2,923 $ (2,786) $ 2,292

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Information
Document Type	10-K
Document Period End Date	2009-12-31
Amendment Flag	false

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 11, 2010	Jun. 30, 2009
Entity Information
Entity Registrant Name	Time Warner Inc.
Entity Central Index Key	0001105705
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$28,960,000,000
Entity Common Stock, Shares Outstanding		1,150,231,940