Cco Holdings Capital 10-Q 29 Apr 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2022shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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	2022
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, 2022
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	2022
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, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 2,142	$ 321
Accounts receivable, less allowance for doubtful accounts of $161 and $157, respectively	2,483	2,539
Receivables from related party	37	0
Prepaid expenses and other current assets	492	341
Total current assets	5,154	3,201
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $34,791 and $34,108, respectively	33,260	33,327
Customer relationships, net of accumulated amortization of $14,542 and $14,180, respectively	3,699	4,060
Franchises	67,347	67,346
Goodwill	29,563	29,562
Total investment in cable properties, net	133,869	134,295
OTHER NONCURRENT ASSETS	3,209	3,215
Total assets	142,232	140,711
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	8,438	8,771
Payables to related party	0	1
Current portion of long-term debt	4,543	2,997
Total current liabilities	12,981	11,769
LONG-TERM DEBT	90,679	88,564
LOANS PAYABLE - RELATED PARTY	1,044	1,027
DEFERRED INCOME TAXES	57	57
OTHER LONG-TERM LIABILITIES	3,083	3,067
MEMBER’S EQUITY:
CCO Holdings member's equity	34,365	36,203
Noncontrolling interests	23	24
Total member’s equity	34,388	36,227
Total liabilities and member’s equity	$ 142,232	$ 140,711

CONSOLIDATED BALANCE SHEET (PAR

CONSOLIDATED BALANCE SHEET (PARENTHETICALS) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Allowance for doubtful accounts	$ 161	$ 157
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, accumulated depreciation	34,791	34,108
Customer relationships, accumulated amortization	$ 14,542	$ 14,180

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
REVENUES	$ 13,198	$ 12,519
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	8,158	7,731
Depreciation and amortization	2,286	2,436
Other operating expenses, net	3	304
Total costs and expenses	10,447	10,471
Income from operations	2,751	2,048
OTHER INCOME (EXPENSES):
Interest expense, net	(1,053)	(981)
Other income, net	24	42
Total other income (expenses), net	(1,029)	(939)
Income before income taxes	1,722	1,109
Income tax expense	(13)	(10)
Consolidated net income	$ 1,709	$ 1,099

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, 2020	$ 47,208	$ 47,185	$ 23
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,099	1,099	0
Stock compensation expense	134	134	0
Distributions to parent	(4,244)	(4,244)	0
Distributions to noncontrolling interest	(1)	0	(1)
Balance at Mar. 31, 2021	44,196	44,174	22
Balance at Dec. 31, 2021	36,227	36,203	24
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,709	1,709	0
Stock compensation expense	147	147	0
Contributions from parent	81	81	0
Distributions to parent	(3,775)	(3,775)	0
Distributions to noncontrolling interest	(1)	0	(1)
Balance at Mar. 31, 2022	$ 34,388	$ 34,365	$ 23

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 1,709	$ 1,099
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	2,286	2,436
Stock compensation expense	147	134
Noncash interest income, net	(7)	(9)
Other, net	(24)	5
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	56	151
Prepaid expenses and other assets	(169)	(167)
Accounts payable, accrued liabilities and other	(342)	87
Receivables from and payables to related party	(12)	(4)
Net cash flows from operating activities	3,644	3,732
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(1,857)	(1,821)
Change in accrued expenses related to capital expenditures	10	(75)
Other, net	(4)	53
Net cash flows from investing activities	(1,851)	(1,843)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	6,713	5,289
Repayments of long-term debt	(2,954)	(3,164)
Borrowings of loans payable - related parties	0	48
Payments for debt issuance costs	(37)	(22)
Distributions to parent	(3,775)	(4,244)
Contributions from parent	81	0
Distributions to noncontrolling interest	(1)	(1)
Other, net	1	14
Net cash flows from financing activities	28	(2,080)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,821	(191)
CASH AND CASH EQUIVALENTS, beginning of period	321	710
CASH AND CASH EQUIVALENTS, end of period	2,142	519
CASH PAID FOR INTEREST	975	1,012
CASH PAID FOR TAXES	$ 2	$ 2

Organization and Basis of Prese

Organization and Basis of Presentation (Notes)	3 Months Ended
	Mar. 31, 2022
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 high-capacity, two-way telecommunications 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, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. 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 and pension benefits. Actual results could differ from those estimates. Comprehensive income equaled consolidated net income for the three months ended March 31, 2022 and 2021.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities (Notes)	3 Months Ended
	Mar. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Accounts payable – trade $ 679 $ 706 Deferred revenue 478 458 Accrued liabilities: Programming costs 2,117 2,036 Labor 1,034 1,299 Capital expenditures 1,294 1,281 Interest 1,179 1,099 Taxes and regulatory fees 535 533 Operating lease liabilities 243 237 Other 879 1,122 $ 8,438 $ 8,771

Long-Term Debt (Notes)

Long-Term Debt (Notes)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt A summary of our debt as of March 31, 2022 and December 31, 2021 is as follows: March 31, 2022 December 31, 2021 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 25,150 $ 25,072 $ 23,755 $ 23,950 $ 23,882 $ 24,630 Senior secured notes and debentures (a) 59,975 60,398 60,198 56,525 57,011 64,346 Credit facilities (b) 9,804 9,752 9,741 10,723 10,668 10,665 $ 94,929 $ 95,222 $ 93,694 $ 91,198 $ 91,561 $ 99,641 (a) Includes the Company's £625 million and £650 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) remeasured using the exchange rate at the respective dates. (b) The Company has availability under the Charter Communications Operating, LLC ("Charter Operating") credit facilities of approximately $4.7 billion as of March 31, 2022. The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of March 31, 2022 and December 31, 2021 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. In January 2022, CCO Holdings and CCO Holdings Capital Corp. jointly issued $1.2 billion of 4.750% senior unsecured notes due February 2032 at par. The net proceeds were used for general corporate purposes, including distributions to the Company's parent companies to fund buybacks of Charter Class A common stock and Charter Holdings common units, to repay certain indebtedness and to pay related fees and expenses. In March 2022, Charter Operating and Charter Communications Operating Capital Corp. jointly issued $1.0 billion aggregate principal amount of 4.400% senior secured notes due April 2033 at a price of 99.634% of the aggregate principal amount, $1.5 billion aggregate principal amount of 5.250% senior secured notes due April 2053 at a price of 99.300% of the aggregate principal amount and $1.0 billion aggregate principal amount of 5.500% senior secured notes due April 2063 at a price of 99.255% of the aggregate principal amount. The net proceeds were used for general corporate purposes, including distributions

Loans Payable - Related Party (

Loans Payable - Related Party (Notes)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Loans Payable - Related Party	Loans Payable - Related PartyLoans payable - related party as of March 31, 2022 and December 31, 2021 consists of loans from Charter Communications Holding Company, LLC (“Charter Holdco”) to Charter Operating of $753 million and $743 million, respectively, and loans from Charter to Charter Operating of $291 million and $284 million, respectively. Interest accrued at LIBOR plus 1.25% on the loans payable from Charter Holdco and LIBOR plus 2.00% on the loans payable from Charter during the periods ending March 31, 2022 and December 31, 2021.

Accounting for Derivative Instr

Accounting for Derivative Instruments and Hedging Activities (Notes)	3 Months Ended
	Mar. 31, 2022
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 $326 million and $290 million and is included in other long-term liabilities on its consolidated balance sheets as of March 31, 2022 and December 31, 2021, respectively. The effect of financial instruments are recorded in other income, net in the consolidated statements of operations and consisted of the following. Three Months Ended March 31, 2022 2021 Change in fair value of cross-currency derivative instruments $ (36) $ 63 Foreign currency remeasurement of Sterling Notes to U.S. dollars 50 (15) Gain on financial instruments, net $ 14 $ 48

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	Mar. 31, 2022
Revenue [Abstract]
Revenue	Revenues The Company’s revenues by product line are as follows: Three Months Ended March 31, 2022 2021 Internet $ 5,452 $ 5,086 Video 4,346 4,344 Voice 391 399 Residential revenue 10,189 9,829 Small and medium business 1,059 1,012 Enterprise 661 638 Commercial revenue 1,720 1,650 Advertising sales 383 344 Mobile 690 492 Other 216 204 $ 13,198 $ 12,519 As of March 31, 2022 and December 31, 2021, accounts receivable, net on the consolidated balance sheets includes approximately $392 million and $391 million of current equipment installment plan receivables, respectively, and other noncurrent assets includes approximately $209 million and $189 million of noncurrent equipment installment plan receivables, respectively.

Operating Costs and Expenses (N

Operating Costs and Expenses (Notes)	3 Months Ended
	Mar. 31, 2022
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, 2022 2021 Programming $ 2,977 $ 2,988 Regulatory, connectivity and produced content 556 600 Costs to service customers 1,899 1,804 Marketing 826 751 Mobile 760 572 Other 1,140 1,016 $ 8,158 $ 7,731 Programming costs consist primarily of costs paid to programmers for basic, premium, digital, video on demand and pay-per-view programming. Regulatory, connectivity and produced content costs represent payments to franchise and regulatory authorities, costs directly related to providing video, Internet and voice services as well as payments for sports, local and news content produced by the Company. Included in regulatory, connectivity and produced content costs is 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 care for the Company’s residential and 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. Marketing costs represent the costs of marketing to current and potential residential and commercial customers including labor costs. Mobile costs represent costs associated with the Company's mobile service such as device and service

Other Operating Expenses, Net (

Other Operating Expenses, Net (Notes)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Operating Expenses, Net	Other Operating Expenses, Net Other operating expenses, net consist of the following for the periods presented: Three Months Ended March 31, 2022 2021 Special charges, net $ 3 $ 257 Loss on disposal of assets, net — 47 $ 3 $ 304 Special charges, net Special charges, net primarily includes net amounts of litigation settlements, including the $220 million settlement with Sprint Communications Company L.P. (“Sprint”) and T-Mobile USA, Inc. ("T-Mobile") for the three months ended March 31, 2021 discussed in Note 11, and employee termination costs. Loss on disposal of assets, net

Other Income, Net (Notes)

Other Income, Net (Notes)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Expenses, Net	Other Income, Net Other income, net consist of the following for the periods presented: Three Months Ended March 31, 2022 2021 Loss on extinguishment of debt (see Note 3) $ — $ (29) Gain on financial instruments, net (see Note 5) 14 48 Net periodic pension benefits 17 18 Gain (loss) on equity investments, net (7) 5 $ 24 $ 42

Stock Compensation Plans (Notes

Stock Compensation Plans (Notes)	3 Months Ended
	Mar. 31, 2022
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, 2022 2021 Stock options 1,372,400 1,225,000 Restricted stock units 423,600 345,100 Stock options and restricted stock units generally cliff vest three years from the date of grant. 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, 2022, total unrecognized compensation remaining to be recognized in future periods totaled $380 million for stock options, $0.2 million for restricted stock and $378 million for restricted stock units and the weighted average period over which they are expected to be recognized is two 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, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Sprint filed a patent suit against Charter and Bright House Networks, LLC ("Bright House") on December 2, 2017 in the United States District Court for the District of Delaware. The Company brought a patent suit against Sprint (TC Tech, LLC v. Sprint) in the United States District Court for the District of Delaware implicating Sprint's LTE technology and a similar suit against T-Mobile in the United States District Court for the Western District of Texas. Sprint filed a subsequent patent suit against Charter on May 17, 2018. On February 18, 2020, Sprint filed a lawsuit against Charter, Bright House and Time Warner Cable Inc. in the United States District Court for the District of Kansas alleging that Charter misappropriated trade secrets from Sprint years ago through employees hired by Bright House. Charter, T-Mobile and Sprint have reached a settlement of all of the foregoing suits that resulted in a payment of $220 million in 2022 by Charter to T-Mobile, and all of the cases have been dismissed with prejudice. 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 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 that arise in the ordinary course of conducting their business. 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 consolidated financial condition, results of operations or liquidity, such lawsuits could have, in the aggregate, a material adverse effect on the Company’s 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 and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities consist of the following as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Accounts payable – trade $ 679 $ 706 Deferred revenue 478 458 Accrued liabilities: Programming costs 2,117 2,036 Labor 1,034 1,299 Capital expenditures 1,294 1,281 Interest 1,179 1,099 Taxes and regulatory fees 535 533 Operating lease liabilities 243 237 Other 879 1,122 $ 8,438 $ 8,771

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-term Debt Summary	A summary of our debt as of March 31, 2022 and December 31, 2021 is as follows: March 31, 2022 December 31, 2021 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 25,150 $ 25,072 $ 23,755 $ 23,950 $ 23,882 $ 24,630 Senior secured notes and debentures (a) 59,975 60,398 60,198 56,525 57,011 64,346 Credit facilities (b) 9,804 9,752 9,741 10,723 10,668 10,665 $ 94,929 $ 95,222 $ 93,694 $ 91,198 $ 91,561 $ 99,641 (a) Includes the Company's £625 million and £650 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) remeasured using the exchange rate at the respective dates.

Accounting for Derivative Ins_2

Accounting for Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting for Derivative Instruments and Hedging Activities [Abstract]
Income Statement Effects of Financial Instruments	The effect of financial instruments are recorded in other income, net in the consolidated statements of operations and consisted of the following. Three Months Ended March 31, 2022 2021 Change in fair value of cross-currency derivative instruments $ (36) $ 63 Foreign currency remeasurement of Sterling Notes to U.S. dollars 50 (15) Gain on financial instruments, net $ 14 $ 48

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue [Abstract]
Revenue	The Company’s revenues by product line are as follows: Three Months Ended March 31, 2022 2021 Internet $ 5,452 $ 5,086 Video 4,346 4,344 Voice 391 399 Residential revenue 10,189 9,829 Small and medium business 1,059 1,012 Enterprise 661 638 Commercial revenue 1,720 1,650 Advertising sales 383 344 Mobile 690 492 Other 216 204 $ 13,198 $ 12,519

Operating Costs and Expenses (T

Operating Costs and Expenses (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 2021 Programming $ 2,977 $ 2,988 Regulatory, connectivity and produced content 556 600 Costs to service customers 1,899 1,804 Marketing 826 751 Mobile 760 572 Other 1,140 1,016 $ 8,158 $ 7,731

Other Operating Expenses, Net_2

Other Operating Expenses, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Operating Expenses, Net	Other operating expenses, net consist of the following for the periods presented: Three Months Ended March 31, 2022 2021 Special charges, net $ 3 $ 257 Loss on disposal of assets, net — 47 $ 3 $ 304

Other Income, Net (Tables)

Other Income, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Expenses, Net	Other income, net consist of the following for the periods presented: Three Months Ended March 31, 2022 2021 Loss on extinguishment of debt (see Note 3) $ — $ (29) Gain on financial instruments, net (see Note 5) 14 48 Net periodic pension benefits 17 18 Gain (loss) on equity investments, net (7) 5 $ 24 $ 42

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Stock Compensation Plans [Abstract]
Equity Award Grants	Charter granted the following equity awards for the periods presented. Three Months Ended March 31, 2022 2021 Stock options 1,372,400 1,225,000 Restricted stock units 423,600 345,100

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2022
Organization and Basis of Presentation [Abstract]
Number of reportable segments	1

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable – trade	$ 679	$ 706
Deferred revenue	478	458
Accrued liabilities:
Programming costs	2,117	2,036
Labor	1,034	1,299
Capital expenditures	1,294	1,281
Interest	1,179	1,099
Taxes and regulatory fees	535	533
Operating lease liabilities	243	237
Other	879	1,122
Total accounts payable and accrued liabilities	$ 8,438	$ 8,771

Long-Term Debt (Details)

Long-Term Debt (Details) £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022GBP (£)	Dec. 31, 2021USD ($)
Long-term Debt:
Principal Amount	$ 94,929			$ 91,198
Carrying Value	95,222			91,561
Fair Value	93,694			99,641
Loss on Extinguishment of Debt	0	$ (29)
Senior unsecured notes
Long-term Debt:
Principal Amount	25,150			23,950
Carrying Value	25,072			23,882
Senior unsecured notes | Level 1
Long-term Debt:
Fair Value	23,755			24,630
Senior secured notes and debentures(a)
Long-term Debt:
Principal Amount	59,975			56,525
Carrying Value	60,398			57,011
Senior secured notes and debentures(a) | Level 1
Long-term Debt:
Fair Value	60,198			64,346
Credit facilities(b)
Long-term Debt:
Principal Amount	9,804			10,723
Carrying Value	9,752			10,668
Credit facilities(b) | Level 2
Long-term Debt:
Fair Value	9,741			$ 10,665
CCO Holdings
Long-term Debt:
Loss on Extinguishment of Debt		$ (29)
CCO Holdings | 4.750% Senior Notes due February 1, 2032
Long-term Debt:
Principal Amount	$ 1,200
Stated interest rate (percentage)	4.75%		4.75%
Charter Operating
Long-term Debt:
Availability under credit facilities	$ 4,700
Charter Operating | 4.400% senior secured notes due April 2033
Long-term Debt:
Principal Amount	$ 1,000
Stated interest rate (percentage)	4.40%		4.40%
Debt instrument issue price (percentage)	99.634%
Charter Operating | 5.250% senior secured notes due April 2053
Long-term Debt:
Principal Amount	$ 1,500
Stated interest rate (percentage)	5.25%		5.25%
Debt instrument issue price (percentage)	99.30%
Charter Operating | 5.500% senior secured notes due April 2063
Long-term Debt:
Principal Amount	$ 1,000
Stated interest rate (percentage)	5.50%		5.50%
Debt instrument issue price (percentage)	99.255%
Time Warner Cable | 5.750% Sterling Senior Notes Due June 2, 2031
Long-term Debt:
Principal Amount | £			£ 625
Time Warner Cable | 5.250% Sterling Senior Notes Due July 15, 2042
Long-term Debt:
Principal Amount | £			£ 650

Loans Payable - Related Party_2

Loans Payable - Related Party (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Related Party Transactions:
LOANS PAYABLE - RELATED PARTY	$ 1,044	$ 1,027
Charter Holdco
Related Party Transactions:
LOANS PAYABLE - RELATED PARTY	$ 753	$ 743
LIBOR spread	1.25%	1.25%
Charter Operating
Related Party Transactions:
LOANS PAYABLE - RELATED PARTY	$ 291	$ 284
LIBOR spread	2.00%	2.00%

Accounting for Derivative Ins_3

Accounting for Derivative Instruments and Hedging Activities (Details) £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022GBP (£)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Gain (Loss) On Financial Instruments, Net
Change in fair value of cross-currency derivative instruments	$ (36)	$ 63
Foreign currency remeasurement of Sterling Notes to U.S. dollars	50	(15)
Gain (loss) on financial instruments, net	$ 14	$ 48
Cross Currency Derivatives
Derivatives:
Notional amount | £			£ 1,275
Level 2 | Cross Currency Derivatives
Derivatives:
Derivative Liability				$ 326	$ 290

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Product Information [Line Items]
REVENUES	$ 13,198	$ 12,519
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	2,483		$ 2,539
Other noncurrent assets	3,209		3,215
Equipment installment plan receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	392		391
Other noncurrent assets	209		$ 189
Internet
Product Information [Line Items]
REVENUES	5,452	5,086
Video
Product Information [Line Items]
REVENUES	4,346	4,344
Voice
Product Information [Line Items]
REVENUES	391	399
Residential revenue
Product Information [Line Items]
REVENUES	10,189	9,829
Small and medium business
Product Information [Line Items]
REVENUES	1,059	1,012
Enterprise
Product Information [Line Items]
REVENUES	661	638
Commercial revenue
Product Information [Line Items]
REVENUES	1,720	1,650
Advertising sales
Product Information [Line Items]
REVENUES	383	344
Mobile
Product Information [Line Items]
REVENUES	690	492
Other
Product Information [Line Items]
REVENUES	$ 216	$ 204

Operating Costs and Expenses (D

Operating Costs and Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Costs and Expenses [Abstract]
Programming	$ 2,977	$ 2,988
Regulatory, connectivity and produced content	556	600
Costs to service customers	1,899	1,804
Marketing	826	751
Mobile	760	572
Other	1,140	1,016
Operating costs and expenses (exclusive of items shown separately in the consolidated statements of operations)	$ 8,158	$ 7,731

Other Operating Expenses, Net_3

Other Operating Expenses, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Income and Expenses [Abstract]
Special charges, net	$ 3	$ 257
Loss on disposal of assets, net	0	47
Other operating expenses, net	3	304
Loss Contingency, Damages Awarded, Value	$ 220	$ 220

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Income and Expenses [Abstract]
Loss on extinguishment of debt (see Note 3)	$ 0	$ (29)
Gain on financial instruments, net (see Note 5)	14	48
Net periodic pension benefits	17	18
Income (Loss) from Equity Method Investments	(7)	5
Other income, net	$ 24	$ 42

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Stock Compensation Plans:
Stock compensation expense	$ 147	$ 134
Stock options
Stock Compensation Plans:
Stock options granted in period (shares)	1,372,400	1,225,000
Award vesting period	3 years
Award expiration period	10 years
Unrecognized compensation cost	$ 380
Remaining period over which to recognize unrecognized compensation expense	2 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)	423,600	345,100
Award vesting period	3 years
Unrecognized compensation cost	$ 378
Remaining period over which to recognize unrecognized compensation expense	2 years

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Awarded, Value	$ 220	$ 220