Cco Holdings Capital 10-Q 28 Jul 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2023 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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	2023
Document Fiscal Period Focus	Q2
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	Jun. 30, 2023
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	2023
Document Fiscal Period Focus	Q2
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	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 292	$ 392
Accounts receivable, less allowance for doubtful accounts of $245 and $219, respectively	2,827	2,869
Prepaid expenses and other current assets	533	402
Total current assets	3,652	3,663
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $35,958 and $36,035, respectively	36,670	35,147
Customer relationships, net of accumulated amortization of $16,046 and $15,478, respectively	2,222	2,772
Franchises	67,396	67,363
Goodwill	29,672	29,563
Total investment in cable properties, net	135,960	134,845
OTHER NONCURRENT ASSETS	4,359	4,259
Total assets	143,971	142,767
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	9,298	9,735
Payables to related party	0	11
Current portion of long-term debt	1,999	1,510
Total current liabilities	11,297	11,256
LONG-TERM DEBT	95,971	96,093
DEFERRED INCOME TAXES	54	54
OTHER LONG-TERM LIABILITIES	3,331	3,471
MEMBER’S EQUITY:
Members' Equity	33,294	31,868
Noncontrolling interests	24	25
Total member’s equity	33,318	31,893
Total liabilities and member’s equity	$ 143,971	$ 142,767

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICALS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Allowance for doubtful accounts	$ 245	$ 219
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, accumulated depreciation	35,958	36,035
Customer relationships, accumulated amortization	16,046	15,478
Payables to related party	$ 0	$ 11

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
REVENUES	$ 13,659	$ 13,598	$ 27,312	$ 26,796
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	8,357	8,215	16,896	16,373
Depreciation and amortization	2,164	2,233	4,363	4,519
Other operating income, net	(55)	(61)	(44)	(58)
Total costs and expenses	10,466	10,387	21,215	20,834
Income from operations	3,193	3,211	6,097	5,962
OTHER INCOME (EXPENSES):
Interest expense, net	(1,290)	(1,103)	(2,546)	(2,156)
Other income (expenses), net	(73)	19	(177)	43
Total other income (expenses), net	(1,363)	(1,084)	(2,723)	(2,113)
Income before income taxes	1,830	2,127	3,374	3,849
Income tax expense	(15)	(12)	(29)	(25)
Consolidated net income	1,815	2,115	3,345	3,824
Less: Net income attributable to noncontrolling interests	(1)	(1)	(1)	(1)
Net income attributable to CCO Holdings member	$ 1,814	$ 2,114	$ 3,344	$ 3,823

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, 2021	$ 36,227	$ 36,203	$ 24
Rollforward of Consolidated Shareholders' 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
Balance at Dec. 31, 2021	36,227	36,203	24
Rollforward of Consolidated Shareholders' Equity:
Consolidated net income	3,824
Balance at Jun. 30, 2022	32,305	32,281	24
Balance at Mar. 31, 2022	34,388	34,365	23
Rollforward of Consolidated Shareholders' Equity:
Consolidated net income	2,115	2,114	1
Stock compensation expense	104	104	0
Contributions from parent	5	5	0
Distributions to parent	(4,307)	(4,307)	0
Balance at Jun. 30, 2022	32,305	32,281	24
Balance at Dec. 31, 2022	31,893	31,868	25
Rollforward of Consolidated Shareholders' 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, 2022	31,893	31,868	25
Rollforward of Consolidated Shareholders' Equity:
Consolidated net income	3,345
Balance at Jun. 30, 2023	33,318	33,294	24
Balance at Mar. 31, 2023	32,535	32,512	23
Rollforward of Consolidated Shareholders' Equity:
Consolidated net income	1,815	1,814	1
Stock compensation expense	168	168	0
Contributions from parent	1	1	0
Distributions to parent	(1,201)	(1,201)	0
Balance at Jun. 30, 2023	$ 33,318	$ 33,294	$ 24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 3,345	$ 3,824
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	4,363	4,519
Stock compensation expense	376	251
Noncash interest, net	(6)	(15)
Other, net	175	(96)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	42	(194)
Prepaid expenses and other assets	(357)	(114)
Accounts payable, accrued liabilities and other	(438)	(417)
Receivables from and payables to related party	(9)	(13)
Net cash flows from operating activities	7,491	7,745
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(5,298)	(4,050)
Change in accrued expenses related to capital expenditures	(4)	128
Other, net	(282)	(221)
Net cash flows from investing activities	(5,584)	(4,143)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	11,048	16,631
Repayments of long-term debt	(10,735)	(11,947)
Payments for debt issuance costs	(18)	(57)
Repayments of loans payable - related parties, net	(3)	(281)
Distributions to parent	(2,295)	(8,082)
Contributions from parent	1	86
Distributions to noncontrolling interest	(2)	(1)
Other, net	(3)	(17)
Net cash flows from financing activities	(2,007)	(3,668)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(100)	(66)
CASH AND CASH EQUIVALENTS, beginning of period	392	321
CASH AND CASH EQUIVALENTS, end of period	292	255
CASH PAID FOR INTEREST	2,418	2,136
CASH PAID FOR TAXES	$ 22	$ 34

Organization and Basis of Prese

Organization and Basis of Presentation (Notes)	6 Months Ended
	Jun. 30, 2023
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. Certain prior period amounts have been reclassified to conform with the 2023 presentation. Comprehensive income equaled net income attributable to CCO Holdings member for the three and six months ended June 30, 2023 and 2022.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities (Notes)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Accounts payable – trade $ 726 $ 914 Deferred revenue 522 511 Accrued liabilities: Programming costs 1,865 1,914 Labor 1,058 1,306 Capital expenditures 1,783 1,792 Interest 1,299 1,165 Taxes and regulatory fees 486 512 Operating lease liabilities 258 261 Other 1,301 1,360 $ 9,298 $ 9,735

Long-Term Debt (Notes)

Long-Term Debt (Notes)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt A summary of our debt as of June 30, 2023 and December 31, 2022 is as follows: June 30, 2023 December 31, 2022 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 27,250 $ 27,161 $ 23,303 $ 26,650 $ 26,567 $ 22,426 Senior secured notes and debentures (a) 55,919 56,272 46,951 56,841 57,213 46,905 Credit facilities (b) 14,591 14,537 14,203 13,877 13,823 13,467 $ 97,760 $ 97,970 $ 84,457 $ 97,368 $ 97,603 $ 82,798 (a) Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $794 million and $755 million as of June 30, 2023 and December 31, 2022, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $825 million and $786 million as of June 30, 2023 and December 31, 2022, respectively, 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 $3.2 billion as of June 30, 2023. The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of June 30, 2023 and December 31, 2022 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 February 2023, CCO Holdings and CCO Holdings Capital Corp. jointly issued $1.1 billion of 7.375% senior unsecured notes due March 2031 at par. The net proceeds were used for general corporate purposes, including repaying certain indebtedness, distributions to the Company's parent companies to fund buybacks of Charter Class A common stock and Charter Holdings common units and to pay related fees and expenses. In February 2023, Charter Operating entered into an amendment to its credit agreement to replace London Interbank Offering Rate ("LIBOR") as the benchmark rate applicable to the Term B loans with Secured Overnight Financing Rate ("SOFR") and in March 2023, Charter Operating entered into another amendment to its credit agreement to incur a new Term B-3 loan with an aggregate principal amount of $750 million maturing in 2030 concurrently with the cancelation of certain of Charter Operating's existing Term B-1 and B-2 loans, among other amendments. Pricing on the new Term B-3 loan is SOFR plus 2.25%. After giving effect to the amendments, the aggregate principal amount of Term B-1 loans is $2.3 billion with pricing unchanged at SOFR plus 1.75% and the aggregate principal amount of Term B-2 loans is $3.1 billion with pricing unchanged at SOFR plus 1.75%. As of July 1, 2023, the United Kingdom’s Financial Conduct Authority, which regulates LIBOR, ceased publishing remaining U.S. Dollar LIBOR rates. The Charter Operating senior secured floating rate notes due 2024 (the "Floating Rate Notes") used LIBOR as a benchmark for establishing the interest rate of the Floating Rate Notes. As of July 1, 2023, SOFR is being used as the benchmark replacement for calculations of the amount of interest payable on the Floating Rate Notes with respect to interest periods with interest determination dates occurring after June 30, 2023. Losses on extinguishment of debt are recorded in other income (expenses), net in the consolidated statements of operations and for the three and six months ended June 30, 2022 was $3 million as a result of the Charter Operating credit facility refinancing and Charter Operating notes redemption.

Accounting for Derivative Instr

Accounting for Derivative Instruments and Hedging Activities (Notes)	6 Months Ended
	Jun. 30, 2023
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 $522 million and $570 million and is included in other long-term liabilities on its consolidated balance sheets as of June 30, 2023 and December 31, 2022, respectively. The effect of financial instruments are recorded in other income (expenses), net in the consolidated statements of operations and consisted of the following. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Change in fair value of cross-currency derivative instruments $ 43 $ (124) $ 48 $ (160) Foreign currency remeasurement of Sterling Notes to U.S. dollars (46) 125 (78) 175 Gain (loss) on financial instruments, net $ (3) $ 1 $ (30) $ 15

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2023
Revenue [Abstract]
Revenue	Revenues The Company’s revenues by product line are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Internet $ 5,733 $ 5,562 $ 11,451 $ 11,014 Video 4,188 4,484 8,442 8,830 Voice 365 398 738 789 Mobile service 539 415 1,036 802 Residential revenue 10,825 10,859 21,667 21,435 Small and medium business 1,094 1,092 2,185 2,162 Enterprise 690 669 1,372 1,330 Commercial revenue 1,784 1,761 3,557 3,492 Advertising sales 384 460 739 843 Other 666 518 1,349 1,026 $ 13,659 $ 13,598 $ 27,312 $ 26,796 As of June 30, 2023 and December 31, 2022, accounts receivable, net on the consolidated balance sheets includes approximately $650 million and $577 million of current equipment installment plan receivables, respectively, and other noncurrent assets includes approximately $456 million and $261 million of noncurrent equipment installment plan receivables, respectively.

Operating Costs and Expenses (N

Operating Costs and Expenses (Notes)	6 Months Ended
	Jun. 30, 2023
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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Programming $ 2,740 $ 2,972 $ 5,539 $ 5,949 Other costs of revenue 1,367 1,185 2,695 2,293 Costs to service customers 2,069 1,997 4,164 3,956 Sales and marketing 895 864 1,841 1,744 Other expense 1,286 1,197 2,657 2,431 $ 8,357 $ 8,215 $ 16,896 $ 16,373 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

Other Operating Income, Net (No

Other Operating Income, Net (Notes)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Operating Income, Net	Other Operating Income, Net Other operating income, net consist of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Special charges, net $ (49) $ (62) $ (38) $ (59) (Gain) loss on disposal of assets, net (6) 1 (6) 1 $ (55) $ (61) $ (44) $ (58)

Other Income (Expenses), Net (N

Other Income (Expenses), Net (Notes)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Income (Expenses), Net	Other Income (Expenses), Net Other income (expenses), net consist of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Loss on extinguishment of debt (see Note 3) $ — $ (3) $ — $ (3) Gain (loss) on financial instruments, net (see Note 4) (3) 1 (30) 15 Net periodic pension benefits 1 17 3 34 Gain (loss) on equity investments, net (71) 4 (150) (3) $ (73) $ 19 $ (177) $ 43

Stock Compensation Plans (Notes

Stock Compensation Plans (Notes)	6 Months Ended
	Jun. 30, 2023
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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Stock options 21,500 32,000 4,257,200 1,404,400 Restricted stock 10,300 6,800 10,300 6,800 Restricted stock units 21,500 19,500 1,535,900 443,100 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.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies In August 2015, a purported stockholder of Charter, Matthew Sciabacucchi, filed a lawsuit in the Delaware Court of Chancery, on behalf of a putative class of Charter stockholders, challenging the transactions involving Charter, Time Warner Cable Inc., Advance/Newhouse Partnership's, and Liberty Broadband announced by Charter on May 26, 2015. The lawsuit, which named as defendants Charter and its board of directors, alleged that the transactions resulted from breaches of fiduciary duty by Charter’s directors and that Liberty Broadband improperly benefited from the challenged transactions at the expense of other Charter stockholders. On January 12, 2023, the parties reached a tentative agreement to settle the lawsuit. The court approved the settlement at a fairness hearing on June 22, 2023, resulting in a net payment to Charter on June 26, 2023 and the dismissal of the lawsuit. In the previously disclosed lawsuit of William Goff, as Personal Representative of Betty Jo McClain Thomas, deceased, et al. v. Roy James Holden, Jr. and Charter Communications, LLC, Case No. CC-20-01579-E, in County Court at Law No. 5 for Dallas County, Texas, the settlement was finalized and paid, and the case was dismissed on June 22, 2023. The Company is a defendant or co-defendant in several lawsuits involving alleged infringement of various intellectual property relating to various aspects of its 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 is party to other lawsuits, claims and regulatory inquiries that arise in the ordinary course of conducting its 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)	6 Months Ended
	Jun. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities consist of the following as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Accounts payable – trade $ 726 $ 914 Deferred revenue 522 511 Accrued liabilities: Programming costs 1,865 1,914 Labor 1,058 1,306 Capital expenditures 1,783 1,792 Interest 1,299 1,165 Taxes and regulatory fees 486 512 Operating lease liabilities 258 261 Other 1,301 1,360 $ 9,298 $ 9,735

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt Summary	A summary of our debt as of June 30, 2023 and December 31, 2022 is as follows: June 30, 2023 December 31, 2022 Principal Amount Carrying Value Fair Value Principal Amount Carrying Value Fair Value Senior unsecured notes $ 27,250 $ 27,161 $ 23,303 $ 26,650 $ 26,567 $ 22,426 Senior secured notes and debentures (a) 55,919 56,272 46,951 56,841 57,213 46,905 Credit facilities (b) 14,591 14,537 14,203 13,877 13,823 13,467 $ 97,760 $ 97,970 $ 84,457 $ 97,368 $ 97,603 $ 82,798 (a) Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $794 million and $755 million as of June 30, 2023 and December 31, 2022, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $825 million and $786 million as of June 30, 2023 and December 31, 2022, respectively, using the exchange rate at the respective dates).

Accounting for Derivative Ins_2

Accounting for Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting for Derivative Instruments and Hedging Activities [Abstract]
Income Statement Effects of Financial Instruments	The effect of financial instruments are recorded in other income (expenses), net in the consolidated statements of operations and consisted of the following. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Change in fair value of cross-currency derivative instruments $ 43 $ (124) $ 48 $ (160) Foreign currency remeasurement of Sterling Notes to U.S. dollars (46) 125 (78) 175 Gain (loss) on financial instruments, net $ (3) $ 1 $ (30) $ 15

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue [Abstract]
Revenue	The Company’s revenues by product line are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Internet $ 5,733 $ 5,562 $ 11,451 $ 11,014 Video 4,188 4,484 8,442 8,830 Voice 365 398 738 789 Mobile service 539 415 1,036 802 Residential revenue 10,825 10,859 21,667 21,435 Small and medium business 1,094 1,092 2,185 2,162 Enterprise 690 669 1,372 1,330 Commercial revenue 1,784 1,761 3,557 3,492 Advertising sales 384 460 739 843 Other 666 518 1,349 1,026 $ 13,659 $ 13,598 $ 27,312 $ 26,796

Operating Costs and Expenses (T

Operating Costs and Expenses (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Programming $ 2,740 $ 2,972 $ 5,539 $ 5,949 Other costs of revenue 1,367 1,185 2,695 2,293 Costs to service customers 2,069 1,997 4,164 3,956 Sales and marketing 895 864 1,841 1,744 Other expense 1,286 1,197 2,657 2,431 $ 8,357 $ 8,215 $ 16,896 $ 16,373

Other Operating Income, Net (Ta

Other Operating Income, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Operating Income, Net	Other operating income, net consist of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Special charges, net $ (49) $ (62) $ (38) $ (59) (Gain) loss on disposal of assets, net (6) 1 (6) 1 $ (55) $ (61) $ (44) $ (58)

Other Income (Expenses), Net (T

Other Income (Expenses), Net (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Income (Expenses), Net	Other income (expenses), net consist of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Loss on extinguishment of debt (see Note 3) $ — $ (3) $ — $ (3) Gain (loss) on financial instruments, net (see Note 4) (3) 1 (30) 15 Net periodic pension benefits 1 17 3 34 Gain (loss) on equity investments, net (71) 4 (150) (3) $ (73) $ 19 $ (177) $ 43

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Stock Compensation Plans [Abstract]
Equity Award Grants	Charter granted the following equity awards for the periods presented. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Stock options 21,500 32,000 4,257,200 1,404,400 Restricted stock 10,300 6,800 10,300 6,800 Restricted stock units 21,500 19,500 1,535,900 443,100

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2023
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	Jun. 30, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable – trade	$ 726	$ 914
Deferred revenue	522	511
Accrued liabilities:
Programming costs	1,865	1,914
Labor	1,058	1,306
Capital expenditures	1,783	1,792
Interest	1,299	1,165
Taxes and regulatory fees	486	512
Operating lease liabilities	258	261
Other	1,301	1,360
Total accounts payable and accrued liabilities	$ 9,298	$ 9,735

Long-Term Debt (Details)

Long-Term Debt (Details) £ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 GBP (£)	Dec. 31, 2022 USD ($)
Long-term Debt:
Principal Amount	$ 97,760		$ 97,760			$ 97,368
Carrying Value	97,970		97,970			97,603
Fair Value	84,457		84,457			82,798
Loss on extinguishment of debt	0	$ 3	0	$ 3
Senior unsecured notes
Long-term Debt:
Principal Amount	27,250		27,250			26,650
Carrying Value	27,161		27,161			26,567
Senior unsecured notes | Level 1
Long-term Debt:
Fair Value	23,303		23,303			22,426
Senior secured notes and debentures(a)
Long-term Debt:
Principal Amount	55,919		55,919			56,841
Carrying Value	56,272		56,272			57,213
Senior secured notes and debentures(a) | Level 1
Long-term Debt:
Fair Value	46,951		46,951			46,905
Credit facilities(b)
Long-term Debt:
Principal Amount	14,591		14,591			13,877
Carrying Value	14,537		14,537			13,823
Credit facilities(b) | Level 2
Long-term Debt:
Fair Value	14,203		14,203			13,467
CCO Holdings | 7.375% senior unsecured notes due March 1, 2031
Long-term Debt:
Principal Amount	$ 1,100		$ 1,100
Stated interest rate (percentage)	7.375%		7.375%		7.375%
Charter Operating
Long-term Debt:
Availability under credit facilities	$ 3,200		$ 3,200
Charter Operating | Term Loan B-3
Long-term Debt:
Principal Amount	750		$ 750
SOFR spread (percentage)			2.25%
Charter Operating | Term Loan B-1
Long-term Debt:
Principal Amount	2,300		$ 2,300
SOFR spread (percentage)			1.75%
Charter Operating | Term Loan B-2
Long-term Debt:
Principal Amount	3,100		$ 3,100
SOFR spread (percentage)			1.75%
Time Warner Cable | 5.750% Sterling Senior Notes Due June 2, 2031
Long-term Debt:
Principal Amount	794		$ 794		£ 625	755
Time Warner Cable | 5.250% Sterling Senior Notes Due July 15, 2042
Long-term Debt:
Principal Amount	$ 825		$ 825		£ 650	$ 786

Accounting for Derivative Ins_3

Accounting for Derivative Instruments and Hedging Activities (Details) £ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 GBP (£)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Gain (Loss) On Financial Instruments, Net
Change in fair value of cross-currency derivative instruments	$ 43	$ (124)	$ 48	$ (160)
Foreign currency remeasurement of Sterling Notes to U.S. dollars	(46)	125	(78)	175
Gain (loss) on financial instruments, net	$ (3)	$ 1	$ (30)	$ 15
Cross Currency Derivatives
Derivatives:
Notional amount | £					£ 1,275
Level 2 | Cross Currency Derivatives
Derivatives:
Derivative Liability						$ 522	$ 570

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Product Information [Line Items]
REVENUES	$ 13,659	$ 13,598	$ 27,312	$ 26,796
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	2,827		2,827		$ 2,869
Other noncurrent assets	4,359		4,359		4,259
Equipment installment plan receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	650		650		577
Other noncurrent assets	456		456		$ 261
Internet
Product Information [Line Items]
REVENUES	5,733	5,562	11,451	11,014
Video
Product Information [Line Items]
REVENUES	4,188	4,484	8,442	8,830
Voice
Product Information [Line Items]
REVENUES	365	398	738	789
Mobile service
Product Information [Line Items]
REVENUES	539	415	1,036	802
Residential revenue
Product Information [Line Items]
REVENUES	10,825	10,859	21,667	21,435
Small and medium business
Product Information [Line Items]
REVENUES	1,094	1,092	2,185	2,162
Enterprise
Product Information [Line Items]
REVENUES	690	669	1,372	1,330
Commercial revenue
Product Information [Line Items]
REVENUES	1,784	1,761	3,557	3,492
Advertising sales
Product Information [Line Items]
REVENUES	384	460	739	843
Other
Product Information [Line Items]
REVENUES	$ 666	$ 518	$ 1,349	$ 1,026

Operating Costs and Expenses (D

Operating Costs and Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Costs and Expenses [Abstract]
Programming	$ 2,740	$ 2,972	$ 5,539	$ 5,949
Other costs of revenue	1,367	1,185	2,695	2,293
Costs to service customers	2,069	1,997	4,164	3,956
Sales and marketing	895	864	1,841	1,744
Other expense	1,286	1,197	2,657	2,431
Operating costs and expenses (exclusive of items shown separately in the consolidated statements of operations)	$ 8,357	$ 8,215	$ 16,896	$ 16,373

Other Operating Income, Net (De

Other Operating Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Special charges, net	$ (49)	$ (62)	$ (38)	$ (59)
(Gain) loss on disposal of assets, net	(6)	1	(6)	1
Other operating income, net	$ (55)	$ (61)	$ (44)	$ (58)

Other Income (Expenses), Net (D

Other Income (Expenses), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Loss on extinguishment of debt (see Note 3)	$ 0	$ (3)	$ 0	$ (3)
Gain (loss) on financial instruments, net (see Note 4)	(3)	1	(30)	15
Net periodic pension benefits	1	17	3	34
Gain (loss) on equity investments, net	(71)	4	(150)	(3)
Other income (expenses), net	$ (73)	$ 19	$ (177)	$ 43

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock Compensation Plans:
Stock compensation expense	$ 168	$ 104	$ 376	$ 251
Stock options
Stock Compensation Plans:
Stock options granted in period (shares)	21,500	32,000	4,257,200	1,404,400
Award vesting period			3 years
Award expiration period			10 years
Unrecognized compensation cost	$ 555		$ 555
Remaining period over which to recognize unrecognized compensation expense			3 years
Restricted stock
Stock Compensation Plans:
Awards other than stock options granted in period (shares)	10,300	6,800	10,300	6,800
Award vesting period			1 year
Unrecognized compensation cost	$ 3		$ 3
Remaining period over which to recognize unrecognized compensation expense			10 months
Restricted stock units
Stock Compensation Plans:
Awards other than stock options granted in period (shares)	21,500	19,500	1,535,900	443,100
Award vesting period			3 years
Unrecognized compensation cost	$ 610		$ 610
Remaining period over which to recognize unrecognized compensation expense			2 years