Cco 10-Q 26 Apr 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2024 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-37789
Entity Registrant Name	CCO Holdings, LLC
Entity Central Index Key	0001271833
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1067239
Entity Address, Address Line One	400 Washington Blvd.
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	203
Local Phone Number	905-7801
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1
CCO Holdings Capital Corp.
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	333-112593-01
Entity Registrant Name	CCO Holdings Capital Corp.
Entity Central Index Key	0001271834
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0257904
Entity Address, Address Line One	400 Washington Blvd.
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	203
Local Phone Number	905-7801
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 422	$ 471
Accounts receivable, less allowance for doubtful accounts of $281 and $268, respectively	2,941	2,910
Prepaid expenses and other current assets	660	409
Total current assets	4,045	3,790
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $38,360 and $37,590, respectively	39,497	38,659
Customer relationships, net of accumulated amortization of $16,759 and $16,523, respectively	1,509	1,745
Franchises	67,396	67,396
Goodwill	29,668	29,668
Total investment in cable properties, net	138,070	137,468
OTHER NONCURRENT ASSETS	4,217	4,222
Total assets	146,332	145,480
CURRENT LIABILITIES:
Accounts payable, accrued and other current liabilities	9,731	10,185
Current portion of long-term debt	0	2,000
Total current liabilities	9,731	12,345
LONG-TERM DEBT	97,965	95,777
DEFERRED INCOME TAXES	96	55
OTHER LONG-TERM LIABILITIES	3,186	3,113
MEMBER’S EQUITY:
CCO Holdings member's equity	35,330	34,165
Noncontrolling interests	24	25
Total member’s equity	35,354	34,190
Total liabilities and member’s equity	146,332	145,480
Related Party
CURRENT ASSETS:
Receivables from related party	22	0
CURRENT LIABILITIES:
Payables to related party	$ 0	$ 160

CONSOLIDATED BALANCE SHEET (PAR

CONSOLIDATED BALANCE SHEET (PARENTHETICALS) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Allowance for doubtful accounts	$ 281	$ 268
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, accumulated depreciation	38,360	37,590
Customer relationships, accumulated amortization	$ 16,759	$ 16,523

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
REVENUES	$ 13,679	$ 13,653
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	8,422	8,539
Depreciation and amortization	2,182	2,199
Other operating (income) expense, net	(37)	11
Total costs and expenses	10,567	10,749
Income from operations	3,112	2,904
OTHER INCOME (EXPENSES):
Interest expense, net	(1,305)	(1,256)
Other expenses, net	(88)	(104)
Total other income (expenses), net	(1,393)	(1,360)
Income before income taxes	1,719	1,544
Income tax expense	(55)	(14)
Consolidated net income	1,664	1,530
Less: Net income attributable to noncontrolling interests	(1)	0
Net income attributable to CCO Holdings member	$ 1,663	$ 1,530

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER'S EQUITY - USD ($) $ in Millions	Total	CCO Holdings Member’s Equity	Noncontrolling Interests
Balance at Dec. 31, 2022	$ 31,893	$ 31,868	$ 25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,530	1,530	0
Stock compensation expense	208	208	0
Distributions to parent	(1,094)	(1,094)	0
Distributions to noncontrolling interest	(2)	0	(2)
Balance at Mar. 31, 2023	32,535	32,512	23
Balance at Dec. 31, 2023	34,190	34,165	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,664	1,663	1
Stock compensation expense	214	214	0
Contributions from parent	7	7	0
Distributions to parent	(719)	(719)	0
Distributions to noncontrolling interest	(2)	0	(2)
Balance at Mar. 31, 2024	$ 35,354	$ 35,330	$ 24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 1,664	$ 1,530
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	2,182	2,199
Stock compensation expense	214	208
Noncash interest, net	3	(8)
Deferred income taxes	41	0
Other, net	14	104
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	(31)	162
Prepaid expenses and other assets	(339)	(332)
Accounts payable, accrued liabilities and other	(261)	(457)
Net cash flows from operating activities	3,304	3,390
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(2,791)	(2,464)
Change in accrued expenses related to capital expenditures	(63)	(195)
Other, net	(50)	(77)
Net cash flows from investing activities	(2,904)	(2,736)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	5,921	7,104
Repayments of long-term debt	(5,716)	(6,740)
Payments for debt issuance costs	(2)	(18)
Distributions to parent	(719)	(1,094)
Contributions from parent	7	0
Distributions to noncontrolling interest	(2)	(2)
Other, net	62	(1)
Net cash flows from financing activities	(449)	(754)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(49)	(100)
CASH AND CASH EQUIVALENTS, beginning of period	471	392
CASH AND CASH EQUIVALENTS, end of period	422	292
CASH PAID FOR INTEREST	1,227	1,182
CASH PAID FOR TAXES	0	2
Related Party
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Receivables from and payables to related party	(183)	(16)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of loans payable - related parties, net	$ 0	$ (3)

Organization and Basis of Prese

Organization and Basis of Presentation (Notes)	3 Months Ended
	Mar. 31, 2024
Organization and Basis of Presentation [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Organization CCO Holdings, LLC (together with its subsidiaries, “CCO Holdings,” or the “Company”) is a leading broadband connectivity company and cable operator. Over an advanced communications network, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet ® , TV, Mobile and Voice. For small and medium-sized companies, Spectrum Business ® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise ® provides highly customized, fiber-based solutions. Spectrum Reach ® delivers tailored advertising and production for the modern media landscape. The Company also distributes award-winning news coverage and sports programming to its customers through Spectrum Networks. CCO Holdings is a holding company whose principal assets are the equity interests in its operating subsidiaries. CCO Holdings is a direct subsidiary of CCH I Holdings, LLC, which is an indirect subsidiary of Charter Communications, Inc. (“Charter”), Charter Communications Holdings, LLC (“Charter Holdings”) and Spectrum Management Holding Company, LLC (“Spectrum Management”). All of the outstanding capital stock of CCO Holdings Capital Corp. is owned by CCO Holdings. The consolidated financial statements include the accounts of CCO Holdings and all of its subsidiaries where the underlying operations reside. All significant intercompany accounts and transactions among consolidated entities have been eliminated. Charter, Charter Holdings and Spectrum Management have performed financing, cash management, treasury and other services for CCO Holdings on a centralized basis. Changes in member’s equity in the consolidated balance sheets related to these activities have been considered cash receipts (contributions) and payments (distributions) for purposes of the consolidated statements of cash flows and are reflected in financing activities. The Company’s operations are managed and reported to its Chief Executive Officer (“CEO”), the Company’s chief operating decision maker, on a consolidated basis. The CEO assesses performance and allocates resources based on the consolidated results of operations. Under this organizational and reporting structure, the Company has one reportable segment. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures typically included in the Company's Annual Report on Form 10-K have been condensed or omitted for this quarterly report. The accompanying consolidated financial statements are unaudited and are subject to review by regulatory authorities. However, in the opinion of management, such financial statements include all adjustments, which consist of only normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. Interim results are not necessarily indicative of results for a full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant judgments and estimates include capitalization of labor and overhead costs, pension benefits and income taxes. Actual results could differ from those estimates. Comprehensive income equaled net income attributable to CCO Holdings member for the three months ended March 31, 2024 and 2023.

Accounts Payable, Accrued and O

Accounts Payable, Accrued and Other Current Liabilities (Notes)	3 Months Ended
	Mar. 31, 2024
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts Payable, Accrued and Other Current Liabilities Accounts payable, accrued and other current liabilities consist of the following as of March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 Accounts payable – trade $ 805 $ 887 Deferred revenue 520 509 Accrued and other current liabilities: Programming costs 1,773 1,736 Labor 1,010 1,278 Capital expenditures 1,838 1,944 Interest 1,405 1,328 Other 2,380 2,503 $ 9,731 $ 10,185

Total Debt (Notes)

Total Debt (Notes)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Total Debt	Total Debt A summary of our debt as of March 31, 2024 and December 31, 2023 is as follows: March 31, 2024 December 31, 2023 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 27,250 $ 27,171 $ 23,528 $ 27,250 $ 27,168 $ 24,750 Senior secured notes and debentures (a) 55,909 56,228 46,822 57,925 58,250 50,742 Credit facilities (b) 14,618 14,566 14,397 12,413 12,359 12,237 $ 97,777 $ 97,965 $ 84,747 $ 97,588 $ 97,777 $ 87,729 (a) Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $789 million and $797 million as of March 31, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $820 million and $828 million as of March 31, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates). (b) The Company has availability under the Charter Communications Operating, LLC credit facilities of approximately $2.9 billion as of March 31, 2024. The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of March 31, 2024 and December 31, 2023 is based on quoted market prices in active markets and is classified within Level 1 of the valuation hierarchy, while the estimated fair value of the Company’s credit facilities is based on quoted market prices in inactive markets and is classified within Level 2.

Accounting for Derivative Instr

Accounting for Derivative Instruments and Hedging Activities (Notes)	3 Months Ended
	Mar. 31, 2024
Accounting for Derivative Instruments and Hedging Activities [Abstract]
Accounting for Derivative Instruments and Hedging Activities	Accounting for Derivative Instruments and Hedging Activities Cross-currency derivative instruments are used to manage foreign exchange risk on the Sterling Notes by effectively converting £1.275 billion aggregate principal amount of fixed-rate British pound sterling denominated debt, including annual interest payments and the payment of principal at maturity, to fixed-rate U.S. dollar denominated debt. The fair value of the Company's cross-currency derivatives, which are classified within Level 2 of the valuation hierarchy, was $460 million and $440 million and is included in other long-term liabilities on its consolidated balance sheets as of March 31, 2024 and December 31, 2023, respectively. The effect of financial instruments are recorded in other expenses, net in the consolidated statements of operations and consisted of the following. Three Months Ended March 31, 2024 2023 Change in fair value of cross-currency derivative instruments $ (20) $ 5 Foreign currency remeasurement of Sterling Notes to U.S. dollars 16 (32) Loss on financial instruments, net $ (4) $ (27)

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	Mar. 31, 2024
Revenue [Abstract]
Revenue	Revenues The Company’s revenues by product line are as follows: Three Months Ended March 31, 2024 2023 Internet $ 5,826 $ 5,718 Video 3,908 4,254 Voice 374 373 Mobile service 685 497 Residential revenue 10,793 10,842 Small and medium business 1,088 1,091 Enterprise 708 682 Commercial revenue 1,796 1,773 Advertising sales 391 355 Other 699 683 $ 13,679 $ 13,653 As of March 31, 2024 and December 31, 2023, accounts receivable, net on the consolidated balance sheets includes approximately $695 million and $673 million of current equipment installment plan receivables, respectively, and other noncurrent assets includes approximately $766 million and $687 million of noncurrent equipment installment plan receivables, respectively.

Operating Costs and Expenses (N

Operating Costs and Expenses (Notes)	3 Months Ended
	Mar. 31, 2024
Operating Costs and Expenses [Abstract]
Operating Costs and Expenses	Operating Costs and Expenses Operating costs and expenses, exclusive of items shown separately in the consolidated statements of operations, consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Programming $ 2,570 $ 2,799 Other costs of revenue 1,458 1,328 Costs to service customers 2,094 2,095 Sales and marketing 920 946 Other expense 1,380 1,371 $ 8,422 $ 8,539 Programming costs consist primarily of costs paid to programmers for basic, premium, video on demand and pay-per-view programming. Other costs of revenue include costs directly related to providing Internet, video, voice and mobile services including mobile device costs, payments to franchise and regulatory authorities, payments for sports, local and news content produced by the Company and direct costs associated with selling advertising. Also included in other costs of revenue are content acquisition costs for the Los Angeles Lakers’ basketball games and Los Angeles Dodgers’ baseball games, which are recorded as games are exhibited over the contract period. Costs to service customers include costs related to field operations, network operations and customer operations for the Company’s products, including mobile, sold to non-bulk residential and small and medium business ("SMB") customers including internal and third-party labor for the non-capitalizable portion of installations, service and repairs, maintenance, bad debt expense, billing and collection, occupancy and vehicle costs. Sales and marketing costs represent the costs of selling and marketing our Internet, video, voice and mobile services to current and potential non-bulk residential and SMB customers, including labor cost. Other expense includes indirect costs associated with the Company’s Spectrum Enterprise, Spectrum Reach, Spectrum Networks and Spectrum Community Solutions businesses, including sales and marketing and bad debt expenses as well as corporate overhead and stock compensation expense, among others.

Other Operating (Income) Expens

Other Operating (Income) Expense, Net (Notes)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Operating (Income) Expense, Net	Other Operating (Income) Expense, Net Other operating (income) expense, net consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Special charges, net $ 14 $ 11 Gain on disposal of assets, net (51) — $ (37) $ 11 Special charges, net primarily includes net amounts of litigation settlements and employee termination costs.

Other Expenses, Net (Notes)

Other Expenses, Net (Notes)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Expenses, Net	Other Expenses, Net Other expenses, net consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Loss on financial instruments, net (see Note 4) $ (4) $ (27) Net periodic pension benefits 1 2 Loss on equity investments, net (85) (79) $ (88) $ (104)

Stock Compensation Plans (Notes

Stock Compensation Plans (Notes)	3 Months Ended
	Mar. 31, 2024
Stock Compensation Plans [Abstract]
Stock Compensation Plans	Stock Compensation Plans Charter’s stock incentive plans provide for grants of nonqualified stock options, incentive stock options, stock appreciation rights, dividend equivalent rights, performance units and performance shares, share awards, phantom stock, restricted stock units and restricted stock. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting services for the Company, are eligible for grants under the stock incentive plans. Charter granted the following equity awards for the periods presented. Three Months Ended March 31, 2024 2023 Stock options 1,344,600 4,235,700 Restricted stock units 1,083,100 1,514,400 Stock options and restricted stock units generally cliff vest three years from the date of grant. Certain stock options and restricted stock units vest based on achievement of stock price hurdles. Stock options generally expire ten years from the grant date and restricted stock units have no voting rights. Restricted stock generally vests one year from the date of grant. As of March 31, 2024, total unrecognized compensation remaining to be recognized in future periods totaled $469 million for stock options, $0.2 million for restricted stock and $688 million for restricted stock units and the weighted average period over which they are expected to be recognized is three years for stock options, one month for restricted stock and two years for restricted stock units.

Contingencies (Notes)

Contingencies (Notes)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company and its parent companies are defendants or co-defendants in several lawsuits involving alleged infringement of various intellectual property relating to various aspects of their businesses. Other industry participants are also defendants in certain of these cases or related cases. In the event that a court ultimately determines that the Company infringes on any intellectual property, the Company may be subject to substantial damages and/or an injunction that could require the Company or its vendors to modify certain products and services the Company offers to its subscribers, as well as negotiate royalty or license agreements with respect to the intellectual property at issue. While the Company believes the lawsuits are without merit and intends to defend the actions vigorously, no assurance can be given that any adverse outcome would not be material to the Company’s operations, consolidated financial condition, results of operations, or liquidity. The Company cannot predict the outcome of any such claims nor can it reasonably estimate a range of possible loss. The Company and its parent companies are party to other lawsuits, claims and regulatory inquiries or investigations that arise in the ordinary course of conducting their business or in connection with the Company’s participation in government funding programs. The ultimate outcome of these other legal matters pending against the Company cannot be predicted, and although such lawsuits and claims are not expected individually to have a material adverse effect on the Company’s operations, consolidated financial condition, results of operations or liquidity, such lawsuits could have, in the aggregate, a material adverse effect on the Company’s operations, consolidated financial condition, results of operations or liquidity. Whether or not the Company ultimately prevails in any particular lawsuit or claim, litigation can be time consuming and costly and injure the Company’s reputation.

Accounts Payable, Accrued and_2

Accounts Payable, Accrued and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts payable, accrued and other current liabilities consist of the following as of March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 Accounts payable – trade $ 805 $ 887 Deferred revenue 520 509 Accrued and other current liabilities: Programming costs 1,773 1,736 Labor 1,010 1,278 Capital expenditures 1,838 1,944 Interest 1,405 1,328 Other 2,380 2,503 $ 9,731 $ 10,185

Total Debt (Tables)

Total Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Total Debt Summary	A summary of our debt as of March 31, 2024 and December 31, 2023 is as follows: March 31, 2024 December 31, 2023 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 27,250 $ 27,171 $ 23,528 $ 27,250 $ 27,168 $ 24,750 Senior secured notes and debentures (a) 55,909 56,228 46,822 57,925 58,250 50,742 Credit facilities (b) 14,618 14,566 14,397 12,413 12,359 12,237 $ 97,777 $ 97,965 $ 84,747 $ 97,588 $ 97,777 $ 87,729 (a) Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $789 million and $797 million as of March 31, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $820 million and $828 million as of March 31, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates). (b)

Accounting for Derivative Ins_2

Accounting for Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting for Derivative Instruments and Hedging Activities [Abstract]
Income Statement Effects of Financial Instruments	The effect of financial instruments are recorded in other expenses, net in the consolidated statements of operations and consisted of the following. Three Months Ended March 31, 2024 2023 Change in fair value of cross-currency derivative instruments $ (20) $ 5 Foreign currency remeasurement of Sterling Notes to U.S. dollars 16 (32) Loss on financial instruments, net $ (4) $ (27)

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue [Abstract]
Revenue	The Company’s revenues by product line are as follows: Three Months Ended March 31, 2024 2023 Internet $ 5,826 $ 5,718 Video 3,908 4,254 Voice 374 373 Mobile service 685 497 Residential revenue 10,793 10,842 Small and medium business 1,088 1,091 Enterprise 708 682 Commercial revenue 1,796 1,773 Advertising sales 391 355 Other 699 683 $ 13,679 $ 13,653

Operating Costs and Expenses (T

Operating Costs and Expenses (Tables)	3 Months Ended
	Mar. 31, 2024
Operating Costs and Expenses [Abstract]
Operating Costs and Expenses	Operating costs and expenses, exclusive of items shown separately in the consolidated statements of operations, consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Programming $ 2,570 $ 2,799 Other costs of revenue 1,458 1,328 Costs to service customers 2,094 2,095 Sales and marketing 920 946 Other expense 1,380 1,371 $ 8,422 $ 8,539

Other Operating (Income) Expe_2

Other Operating (Income) Expense, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Operating (Income) Expense, Net	Other operating (income) expense, net consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Special charges, net $ 14 $ 11 Gain on disposal of assets, net (51) — $ (37) $ 11

Other Expenses, Net (Tables)

Other Expenses, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Expenses, Net	Other expenses, net consist of the following for the periods presented: Three Months Ended March 31, 2024 2023 Loss on financial instruments, net (see Note 4) $ (4) $ (27) Net periodic pension benefits 1 2 Loss on equity investments, net (85) (79) $ (88) $ (104)

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Stock Compensation Plans [Abstract]
Equity Award Grants	Charter granted the following equity awards for the periods presented. Three Months Ended March 31, 2024 2023 Stock options 1,344,600 4,235,700 Restricted stock units 1,083,100 1,514,400

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2024
Organization and Basis of Presentation [Abstract]
Number of reportable segments	1

Accounts Payable, Accrued and_3

Accounts Payable, Accrued and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable – trade	$ 805	$ 887
Deferred revenue	520	509
Accrued and other current liabilities:
Programming costs	1,773	1,736
Labor	1,010	1,278
Capital expenditures	1,838	1,944
Interest	1,405	1,328
Other	2,380	2,503
Total accounts payable and accrued liabilities	$ 9,731	$ 10,185

Total Debt (Details)

Total Debt (Details) £ in Millions, $ in Millions	Mar. 31, 2024 USD ($)	Mar. 31, 2024 GBP (£)	Dec. 31, 2023 USD ($)
Long-term Debt:
Principal Amount	$ 97,777		$ 97,588
Carrying Value	97,965		97,777
Fair Value	84,747		87,729
Senior unsecured notes
Long-term Debt:
Principal Amount	27,250		27,250
Carrying Value	27,171		27,168
Senior unsecured notes | Level 1
Long-term Debt:
Fair Value	23,528		24,750
Senior secured notes and debentures(a)
Long-term Debt:
Principal Amount	55,909		57,925
Carrying Value	56,228		58,250
Senior secured notes and debentures(a) | Level 1
Long-term Debt:
Fair Value	46,822		50,742
Credit facilities(b)
Long-term Debt:
Principal Amount	14,618		12,413
Carrying Value	14,566		12,359
Credit facilities(b) | Level 2
Long-term Debt:
Fair Value	14,397		12,237
Charter Operating
Long-term Debt:
Availability under credit facilities	2,900
Time Warner Cable | 5.750% Sterling Senior Notes Due June 2, 2031
Long-term Debt:
Principal Amount	789	£ 625	797
Time Warner Cable | 5.250% Sterling Senior Notes Due July 15, 2042
Long-term Debt:
Principal Amount	$ 820	£ 650	$ 828

Accounting for Derivative Ins_3

Accounting for Derivative Instruments and Hedging Activities (Details) £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 GBP (£)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Gain (Loss) On Financial Instruments, Net
Change in fair value of cross-currency derivative instruments	$ (20)	$ 5
Foreign currency remeasurement of Sterling Notes to U.S. dollars	16	(32)
Gain (loss) on financial instruments, net	$ (4)	$ (27)
Cross Currency Derivatives
Derivatives:
Notional amount | £			£ 1,275
Level 2 | Cross Currency Derivatives
Derivatives:
Derivative Liability				$ 460	$ 440

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Product Information [Line Items]
REVENUES	$ 13,679	$ 13,653
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	2,941		$ 2,910
Other noncurrent assets	4,217		4,222
Equipment installment plan receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	695		673
Other noncurrent assets	766		$ 687
Internet
Product Information [Line Items]
REVENUES	5,826	5,718
Video
Product Information [Line Items]
REVENUES	3,908	4,254
Voice
Product Information [Line Items]
REVENUES	374	373
Mobile service
Product Information [Line Items]
REVENUES	685	497
Residential revenue
Product Information [Line Items]
REVENUES	10,793	10,842
Small and medium business
Product Information [Line Items]
REVENUES	1,088	1,091
Enterprise
Product Information [Line Items]
REVENUES	708	682
Commercial revenue
Product Information [Line Items]
REVENUES	1,796	1,773
Advertising sales
Product Information [Line Items]
REVENUES	391	355
Other
Product Information [Line Items]
REVENUES	$ 699	$ 683

Operating Costs and Expenses (D

Operating Costs and Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Costs and Expenses [Abstract]
Programming	$ 2,570	$ 2,799
Other costs of revenue	1,458	1,328
Costs to service customers	2,094	2,095
Sales and marketing	920	946
Other expense	1,380	1,371
Operating costs and expenses (exclusive of items shown separately in the consolidated statements of operations)	$ 8,422	$ 8,539

Other Operating (Income) Expe_3

Other Operating (Income) Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Special charges, net	$ 14	$ 11
Gain on disposal of assets, net	(51)	0
Other operating income, net	(37)	$ 11
Gain on sale of towers	$ 67

Other Expenses, Net (Details)

Other Expenses, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Loss on financial instruments, net (see Note 4)	$ (4)	$ (27)
Net periodic pension benefits	1	2
Loss on equity investments, net	(85)	(79)
Other expenses, net	$ (88)	$ (104)

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock Compensation Plans:
Stock compensation expense	$ 214	$ 208
Stock options
Stock Compensation Plans:
Stock options granted in period (shares)	1,344,600	4,235,700
Award vesting period	3 years
Award expiration period	10 years
Unrecognized compensation cost	$ 469
Remaining period over which to recognize unrecognized compensation expense	3 years
Restricted stock
Stock Compensation Plans:
Award vesting period	1 year
Unrecognized compensation cost	$ 0.2
Remaining period over which to recognize unrecognized compensation expense	1 month
Restricted stock units
Stock Compensation Plans:
Awards other than stock options granted in period (shares)	1,083,100	1,514,400
Award vesting period	3 years
Unrecognized compensation cost	$ 688
Remaining period over which to recognize unrecognized compensation expense	2 years