Supplementary Information - Condensed Consolidating Financial Statements | 3 Months Ended |
Mar. 31, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
SUPPLEMENTARY INFORMATION - CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | ' |
Overview |
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Set forth below are 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 by merger to Time Warner Companies, Inc.), Home Box Office, Inc., and Turner Broadcasting System, Inc., each a wholly owned subsidiary of the Parent Company (collectively, the “Guarantor Subsidiaries”), on a combined basis, (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 securities issued under certain of the Company's indentures on an unsecured basis. |
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There are no legal or regulatory restrictions on the Parent Company's ability to obtain funds from any of its wholly owned subsidiaries through dividends, loans or advances. |
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Basis of Presentation |
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In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company's 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.” |
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The Parent Company's accounting bases in all subsidiaries, including goodwill and identified intangible assets, have been “pushed down” to the applicable subsidiaries. Corporate overhead expenses have been reflected as expenses of the Parent Company and have not been allocated to the Guarantor Subsidiaries or the Non-Guarantor Subsidiaries. Interest income (expense) is determined based on outstanding debt and the relevant intercompany amounts at the respective subsidiary. |
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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 subsidiary's 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 example, to the extent a Non-Guarantor Subsidiary generated a gain on the sale of a business for which the Parent Company utilized tax attributes to offset such gain, the tax attribute benefit would be allocated to that Non-Guarantor Subsidiary. Deferred taxes of the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been determined based on the temporary differences between the book and tax basis of the respective assets and liabilities of the applicable entities. |
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Certain transfers of cash between subsidiaries and their parent companies and intercompany dividends are reflected as cash flows from investing and financing activities in the accompanying condensed consolidating statements of cash flows. All other intercompany activity is reflected in cash flows from operations. |
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During the three months ended March 31, 2014, the Parent Company completed an internal reorganization to make Time Inc. a direct subsidiary of the Parent Company in connection with the planned legal and structural separation of the Parent Company's Time Inc. segment from the Parent Company. This reorganization was the primary reason for the reduction in the Guarantor Subsidiaries' Total assets as of March 31, 2014 as compared with their Total assets as of December 31, 2013. |
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Management believes that the allocations and adjustments noted above are reasonable. However, such allocations and adjustments may not be indicative of the actual amounts that would have been incurred had the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries operated independently. |
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Consolidating Balance Sheet |
31-Mar-14 |
(Unaudited; millions) |
| | | | | | | | | | | | | Time |
| | Parent | | Guarantor | | Non-Guarantor | | | | Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
ASSETS | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | |
Cash and equivalents | | $ | 2,676 | | $ | 160 | | $ | 710 | | $ | - | | $ | 3,546 |
Receivables, net | | | 54 | | | 897 | | | 6,424 | | | -4 | | | 7,371 |
Inventories | | | - | | | 376 | | | 1,503 | | | - | | | 1,879 |
Deferred income taxes | | | 512 | | | 146 | | | 43 | | | -189 | | | 512 |
Prepaid expenses and other current assets | | | 89 | | | 91 | | | 506 | | | - | | | 686 |
Total current assets | | | 3,331 | | | 1,670 | | | 9,186 | | | -193 | | | 13,994 |
Noncurrent inventories and theatrical film and television | | | | | | | | | | | | | | | |
production costs | | | - | | | 1,764 | | | 4,663 | | | -80 | | | 6,347 |
Investments in amounts due to and from consolidated | | | | | | | | | | | | | | | |
subsidiaries | | | 47,603 | | | 12,093 | | | 12,395 | | | -72,091 | | | - |
Investments, including available-for-sale securities | | | 129 | | | 458 | | | 1,530 | | | - | | | 2,117 |
Property, plant and equipment, net | | | 126 | | | 356 | | | 2,737 | | | - | | | 3,219 |
Intangible assets subject to amortization, net | | | - | | | - | | | 2,437 | | | - | | | 2,437 |
Intangible assets not subject to amortization | | | - | | | 2,007 | | | 5,034 | | | - | | | 7,041 |
Goodwill | | | - | | | 9,880 | | | 20,688 | | | - | | | 30,568 |
Other assets | | | 318 | | | 183 | | | 1,975 | | | - | | | 2,476 |
Total assets | | $ | 51,507 | | $ | 28,411 | | $ | 60,645 | | $ | -72,364 | | $ | 68,199 |
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LIABILITIES AND EQUITY | | | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 992 | | $ | 662 | | $ | 5,670 | | $ | -62 | | $ | 7,262 |
Deferred revenue | | | - | | | 40 | | | 924 | | | -13 | | | 951 |
Debt due within one year | | | 48 | | | 9 | | | 8 | | | - | | | 65 |
Total current liabilities | | | 1,040 | | | 711 | | | 6,602 | | | -75 | | | 8,278 |
Long-term debt | | | 16,172 | | | 4,003 | | | 51 | | | - | | | 20,226 |
Due to (from) affiliates | | | -921 | | | - | | | 921 | | | - | | | - |
Deferred income taxes | | | 2,461 | | | 2,850 | | | 2,068 | | | -4,918 | | | 2,461 |
Deferred revenue | | | - | | | 28 | | | 459 | | | -29 | | | 458 |
Other noncurrent liabilities | | | 2,711 | | | 1,926 | | | 3,795 | | | -1,700 | | | 6,732 |
Equity | | | | | | | | | | | | | | | |
Due to (from) Time Warner and subsidiaries | | | - | | | -39,976 | | | 8,609 | | | 31,367 | | | - |
Other shareholders’ equity | | | 30,044 | | | 58,869 | | | 38,140 | | | -97,009 | | | 30,044 |
Total Time Warner Inc. shareholders’ equity | | | 30,044 | | | 18,893 | | | 46,749 | | | -65,642 | | | 30,044 |
Noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Total equity | | | 30,044 | | | 18,893 | | | 46,749 | | | -65,642 | | | 30,044 |
Total liabilities and equity | | $ | 51,507 | | $ | 28,411 | | $ | 60,645 | | $ | -72,364 | | $ | 68,199 |
Consolidating Balance Sheet |
31-Dec-13 |
(Unaudited; millions) |
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| | | | | | | | | | | | | Time |
| | Parent | | Guarantor | | Non-Guarantor | | | | Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
ASSETS | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | |
Cash and equivalents | | $ | 1,039 | | $ | 148 | | $ | 675 | | $ | - | | $ | 1,862 |
Receivables, net | | | 73 | | | 900 | | | 6,905 | | | -10 | | | 7,868 |
Inventories | | | - | | | 383 | | | 1,645 | | | - | | | 2,028 |
Deferred income taxes | | | 447 | | | 128 | | | 25 | | | -153 | | | 447 |
Prepaid expenses and other current assets | | | 104 | | | 84 | | | 451 | | | - | | | 639 |
Total current assets | | | 1,663 | | | 1,643 | | | 9,701 | | | -163 | | | 12,844 |
Noncurrent inventories and theatrical film and television | | | | | | | | | | | | | | | |
production costs | | | - | | | 1,726 | | | 5,054 | | | -81 | | | 6,699 |
Investments in amounts due to and from consolidated | | | | | | | | | | | | | | | |
subsidiaries | | | 48,549 | | | 21,249 | | | 12,288 | | | -82,086 | | | - |
Investments, including available-for-sale securities | | | 130 | | | 460 | | | 1,434 | | | - | | | 2,024 |
Property, plant and equipment, net | | | 373 | | | 377 | | | 3,075 | | | - | | | 3,825 |
Intangible assets subject to amortization, net | | | - | | | - | | | 1,920 | | | - | | | 1,920 |
Intangible assets not subject to amortization | | | - | | | 2,007 | | | 5,622 | | | - | | | 7,629 |
Goodwill | | | - | | | 9,879 | | | 20,684 | | | - | | | 30,563 |
Other assets | | | 322 | | | 194 | | | 1,974 | | | - | | | 2,490 |
Total assets | | $ | 51,037 | | $ | 37,535 | | $ | 61,752 | | $ | -82,330 | | $ | 67,994 |
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LIABILITIES AND EQUITY | | | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 619 | | $ | 770 | | $ | 5,994 | | $ | -61 | | $ | 7,322 |
Deferred revenue | | | - | | | 28 | | | 977 | | | -10 | | | 995 |
Debt due within one year | | | 48 | | | 9 | | | 9 | | | - | | | 66 |
Total current liabilities | | | 667 | | | 807 | | | 6,980 | | | -71 | | | 8,383 |
Long-term debt | | | 16,046 | | | 4,001 | | | 52 | | | - | | | 20,099 |
Due to (from) affiliates | | | -900 | | | - | | | 900 | | | - | | | - |
Deferred income taxes | | | 2,642 | | | 3,050 | | | 2,394 | | | -5,444 | | | 2,642 |
Deferred revenue | | | - | | | 36 | | | 479 | | | -33 | | | 482 |
Other noncurrent liabilities | | | 2,678 | | | 1,966 | | | 3,518 | | | -1,678 | | | 6,484 |
Equity | | | | | | | | | | | | | | | |
Due to (from) Time Warner and subsidiaries | | | - | | | -33,497 | | | 6,155 | | | 27,342 | | | - |
Other shareholders’ equity | | | 29,904 | | | 61,172 | | | 41,274 | | | -102,446 | | | 29,904 |
Total Time Warner Inc. shareholders’ equity | | | 29,904 | | | 27,675 | | | 47,429 | | | -75,104 | | | 29,904 |
Noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Total equity | | | 29,904 | | | 27,675 | | | 47,429 | | | -75,104 | | | 29,904 |
Total liabilities and equity | | $ | 51,037 | | $ | 37,535 | | $ | 61,752 | | $ | -82,330 | | $ | 67,994 |
Consolidating Statement of Operations |
For The Three Months Ended March 31, 2014 |
(Unaudited; millions) |
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| | | | | | | | | | | | | Time |
| | Parent | | Guarantor | | Non-Guarantor | | | | Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Revenues | | $ | - | | $ | 1,724 | | $ | 6,012 | | $ | -191 | | $ | 7,545 |
Costs of revenues | | | - | | | -826 | | | -3,503 | | | 169 | | | -4,160 |
Selling, general and administrative | | | -113 | | | -264 | | | -1,308 | | | 22 | | | -1,663 |
Amortization of intangible assets | | | - | | | - | | | -69 | | | - | | | -69 |
Restructuring and severance costs | | | -3 | | | -14 | | | -120 | | | - | | | -137 |
Asset impairments | | | -6 | | | - | | | -32 | | | - | | | -38 |
Gain on operating assets, net | | | - | | | - | | | 454 | | | - | | | 454 |
Operating income | | | -122 | | | 620 | | | 1,434 | | | - | | | 1,932 |
Equity in pretax income (loss) of consolidated subsidiaries | | | 2,024 | | | 1,071 | | | 458 | | | -3,553 | | | - |
Interest expense, net | | | -232 | | | -41 | | | 5 | | | 2 | | | -266 |
Other income (loss), net | | | -10 | | | 9 | | | -5 | | | - | | | -6 |
Income before income taxes | | | 1,660 | | | 1,659 | | | 1,892 | | | -3,551 | | | 1,660 |
Income tax provision | | | -368 | | | -555 | | | -432 | | | 987 | | | -368 |
Net income | | | 1,292 | | | 1,104 | | | 1,460 | | | -2,564 | | | 1,292 |
Less Net loss attributable to noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Net income attributable to Time Warner Inc. | | | | | | | | | | | | | | | |
shareholders | | $ | 1,292 | | $ | 1,104 | | $ | 1,460 | | $ | -2,564 | | $ | 1,292 |
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Comprehensive income | | | 1,269 | | | 1,085 | | | 1,410 | | | -2,495 | | | 1,269 |
Less Comprehensive loss attributable to | | | | | | | | | | | | | | | |
noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Comprehensive income attributable to | | | | | | | | | | | | | | | |
Time Warner Inc. shareholders | | $ | 1,269 | | $ | 1,085 | | $ | 1,410 | | $ | -2,495 | | $ | 1,269 |
Consolidating Statement of Operations |
For The Three Months Ended March 31, 2013 |
(Unaudited; millions) |
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| | | | | | | | | | | | | Time |
| | Parent | | Guarantor | | Non-Guarantor | | | | Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Revenues | | $ | - | | $ | 1,619 | | $ | 5,441 | | $ | -121 | | $ | 6,939 |
Costs of revenues | | | - | | | -762 | | | -3,085 | | | 97 | | | -3,750 |
Selling, general and administrative | | | -118 | | | -258 | | | -1,266 | | | 22 | | | -1,620 |
Amortization of intangible assets | | | - | | | - | | | -60 | | | - | | | -60 |
Restructuring and severance costs | | | -2 | | | -11 | | | -67 | | | - | | | -80 |
Asset impairments | | | -7 | | | - | | | -20 | | | - | | | -27 |
Gain on operating assets, net | | | 8 | | | - | | | - | | | - | | | 8 |
Operating income | | | -119 | | | 588 | | | 943 | | | -2 | | | 1,410 |
Equity in pretax income (loss) of consolidated subsidiaries | | | 1,468 | | | 1,024 | | | 408 | | | -2,900 | | | - |
Interest expense, net | | | -224 | | | -85 | | | 16 | | | 3 | | | -290 |
Other income (loss), net | | | 11 | | | -3 | | | 10 | | | -2 | | | 16 |
Income before income taxes | | | 1,136 | | | 1,524 | | | 1,377 | | | -2,901 | | | 1,136 |
Income tax provision | | | -382 | | | -508 | | | -471 | | | 979 | | | -382 |
Net income | | | 754 | | | 1,016 | | | 906 | | | -1,922 | | | 754 |
Less Net loss attributable to noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Net income attributable to Time Warner Inc. | | | | | | | | | | | | | | | |
shareholders | | $ | 754 | | $ | 1,016 | | $ | 906 | | $ | -1,922 | | $ | 754 |
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Comprehensive income | | | 683 | | | 989 | | | 884 | | | -1,873 | | | 683 |
Less Comprehensive loss attributable to | | | | | | | | | | | | | | | |
noncontrolling interests | | | - | | | - | | | - | | | - | | | - |
Comprehensive income attributable to | | | | | | | | | | | | | | | |
Time Warner Inc. shareholders | | $ | 683 | | $ | 989 | | $ | 884 | | $ | -1,873 | | $ | 683 |
Consolidating Statement of Cash Flows |
For The Three Months Ended March 31, 2014 |
(Unaudited; millions) |
| | Parent | | Guarantor | | Non-Guarantor | | | | Time Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
OPERATIONS | | | | | | | | | | | | | | | |
Net income | | $ | 1,292 | | $ | 1,104 | | $ | 1,460 | | $ | -2,564 | | $ | 1,292 |
Adjustments for noncash and nonoperating items: | | | | | | | | | | | | | | | |
Depreciation and amortization | | | 5 | | | 29 | | | 192 | | | - | | | 226 |
Amortization of film and television costs | | | - | | | 662 | | | 1,305 | | | -10 | | | 1,957 |
Asset impairments | | | 6 | | | - | | | 32 | | | - | | | 38 |
Gain on investments and other assets, net | | | 5 | | | - | | | -453 | | | - | | | -448 |
Excess (deficiency) of distributions over equity in pretax | | | | | | | | | | | | | | | |
income of consolidated subsidiaries, net of cash | | | | | | | | | | | | | | | |
distributions | | | -2,024 | | | -1,071 | | | -458 | | | 3,553 | | | - |
Equity in losses of investee companies, net | | | | | | | | | | | | | | | |
of cash distributions | | | 1 | | | -7 | | | 27 | | | - | | | 21 |
Equity-based compensation | | | 25 | | | 29 | | | 37 | | | - | | | 91 |
Deferred income taxes | | | -253 | | | -193 | | | -268 | | | 461 | | | -253 |
Changes in operating assets and liabilities, net of acquisitions | | | 686 | | | 1 | | | -463 | | | -1,444 | | | -1,220 |
Intercompany | | | - | | | 862 | | | -862 | | | - | | | - |
Cash provided by operations | | | -257 | | | 1,416 | | | 549 | | | -4 | | | 1,704 |
INVESTING ACTIVITIES | | | | | | | | | | | | | | | |
Investments in available-for-sale securities | | | -5 | | | - | | | -18 | | | - | | | -23 |
Investments and acquisitions, net of cash acquired | | | -5 | | | - | | | -113 | | | - | | | -118 |
Capital expenditures | | | -5 | | | -13 | | | -81 | | | - | | | -99 |
Investment proceeds from available-for-sale securities | | | - | | | - | | | - | | | - | | | - |
Advances to (from) parent and consolidated subsidiaries | | | 2,861 | | | 4,658 | | | - | | | -7,519 | | | - |
Other investment proceeds | | | - | | | 46 | | | 1,271 | | | -9 | | | 1,308 |
Cash provided (used) by investing activities | | | 2,846 | | | 4,691 | | | 1,059 | | | -7,528 | | | 1,068 |
FINANCING ACTIVITIES | | | | | | | | | | | | | | | |
Borrowings | | | 125 | | | - | | | 4 | | | - | | | 129 |
Debt repayments | | | - | | | - | | | -5 | | | - | | | -5 |
Proceeds from exercise of stock options | | | 116 | | | - | | | - | | | - | | | 116 |
Excess tax benefit from equity instruments | | | 64 | | | - | | | - | | | - | | | 64 |
Principal payments on capital leases | | | - | | | -3 | | | - | | | - | | | -3 |
Repurchases of common stock | | | -991 | | | - | | | - | | | - | | | -991 |
Dividends paid | | | -287 | | | - | | | - | | | - | | | -287 |
Other financing activities | | | 21 | | | -31 | | | -114 | | | 13 | | | -111 |
Change in due to/from parent and investment in segment | | | - | | | -6,061 | | | -1,458 | | | 7,519 | | | - |
Cash used by financing activities | | | -952 | | | -6,095 | | | -1,573 | | | 7,532 | | | -1,088 |
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INCREASE (DECREASE) IN CASH AND | | | | | | | | | | | | | | | |
EQUIVALENTS | | | 1,637 | | | 12 | | | 35 | | | - | | | 1,684 |
CASH AND EQUIVALENTS AT BEGINNING | | | | | | | | | | | | | | | |
OF PERIOD | | | 1,039 | | | 148 | | | 675 | | | - | | | 1,862 |
CASH AND EQUIVALENTS AT END OF PERIOD | | $ | 2,676 | | $ | 160 | | $ | 710 | | $ | - | | $ | 3,546 |
Consolidating Statement of Cash Flows |
For The Three Months Ended March 31, 2013 |
(Unaudited; millions) |
| | Parent | | Guarantor | | Non-Guarantor | | | | Time Warner |
| | Company | | Subsidiaries | | Subsidiaries | | Eliminations | | Consolidated |
| | | | | | | | | | | | | | | |
OPERATIONS | | | | | | | | | | | | | | | |
Net income | | $ | 754 | | $ | 1,016 | | $ | 906 | | $ | -1,922 | | $ | 754 |
Adjustments for noncash and nonoperating items: | | | | | | | | | | | | | | | |
Depreciation and amortization | | | 7 | | | 32 | | | 178 | | | - | | | 217 |
Amortization of film and television costs | | | - | | | 622 | | | 1,176 | | | -6 | | | 1,792 |
Asset impairments | | | 7 | | | - | | | 20 | | | - | | | 27 |
Gain on investments and other assets, net | | | -10 | | | 1 | | | -60 | | | - | | | -69 |
Excess (deficiency) of distributions over equity in pretax | | | | | | | | | | | | | | | |
income of consolidated subsidiaries, net of cash | | | | | | | | | | | | | | | |
distributions | | | -1,468 | | | -1,024 | | | -408 | | | 2,900 | | | - |
Equity in losses of investee companies, net | | | | | | | | | | | | | | | |
of cash distributions | | | - | | | 2 | | | 75 | | | - | | | 77 |
Equity-based compensation | | | 30 | | | 27 | | | 49 | | | - | | | 106 |
Deferred income taxes | | | 400 | | | 319 | | | 133 | | | -452 | | | 400 |
Changes in operating assets and liabilities, net of acquisitions | | | -278 | | | -623 | | | -1,151 | | | -523 | | | -2,575 |
Intercompany | | | - | | | 493 | | | -493 | | | - | | | - |
Cash provided by operations | | | -558 | | | 865 | | | 425 | | | -3 | | | 729 |
INVESTING ACTIVITIES | | | | | | | | | | | | | | | |
Investments in available-for-sale securities | | | -1 | | | - | | | -14 | | | - | | | -15 |
Investments and acquisitions, net of cash acquired | | | -1 | | | - | | | -61 | | | - | | | -62 |
Capital expenditures | | | -4 | | | -13 | | | -68 | | | - | | | -85 |
Investment proceeds from available-for-sale securities | | | 8 | | | - | | | 25 | | | - | | | 33 |
Advances to (from) parent and consolidated subsidiaries | | | 765 | | | 162 | | | - | | | -927 | | | - |
Other investment proceeds | | | 15 | | | 17 | | | 104 | | | -16 | | | 120 |
Cash provided (used) by investing activities | | | 782 | | | 166 | | | -14 | | | -943 | | | -9 |
FINANCING ACTIVITIES | | | | | | | | | | | | | | | |
Borrowings | | | - | | | - | | | 6 | | | - | | | 6 |
Debt repayments | | | - | | | -432 | | | -6 | | | - | | | -438 |
Proceeds from exercise of stock options | | | 339 | | | - | | | - | | | - | | | 339 |
Excess tax benefit from equity instruments | | | 84 | | | - | | | - | | | - | | | 84 |
Principal payments on capital leases | | | - | | | -2 | | | - | | | - | | | -2 |
Repurchases of common stock | | | -672 | | | - | | | - | | | - | | | -672 |
Dividends paid | | | -273 | | | - | | | - | | | - | | | -273 |
Other financing activities | | | 4 | | | -10 | | | -121 | | | 15 | | | -112 |
Change in due to/from parent and investment in segment | | | - | | | -609 | | | -322 | | | 931 | | | - |
Cash used by financing activities | | | -518 | | | -1,053 | | | -443 | | | 946 | | | -1,068 |
| | | | | | | | | | | | | | | |
INCREASE (DECREASE) IN CASH AND | | | | | | | | | | | | | | | |
EQUIVALENTS | | | -294 | | | -22 | | | -32 | | | - | | | -348 |
CASH AND EQUIVALENTS AT BEGINNING | | | | | | | | | | | | | | | |
OF PERIOD | | | 1,861 | | | 295 | | | 685 | | | - | | | 2,841 |
CASH AND EQUIVALENTS AT END OF PERIOD | | $ | 1,567 | | $ | 273 | | $ | 653 | | $ | - | | $ | 2,493 |