Spectrum Management Holding 10-Q 30 Jul 15 2015 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2015	Jul. 28, 2015
Document And Entity Information [Abstract]
Document type	10-Q
Amendment flag	false
Document period end date	Jun. 30, 2015
Document fiscal year focus	2,015
Document fiscal period focus	Q2
Trading symbol	TWC
Entity registrant name	TIME WARNER CABLE INC.
Entity central index key	1,377,013
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Entity common stock shares outstanding		282,974,273

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and equivalents	$ 480	$ 707
Receivables, less allowances of $126 million and $109 million as of June 30, 2015 and December 31, 2014, respectively	1,029	949
Deferred income tax assets	235	269
Other current assets	330	391
Total current assets	2,074	2,316
Investments	69	64
Property, plant and equipment, net	16,604	15,990
Intangible assets subject to amortization, net	486	523
Intangible assets not subject to amortization	26,014	26,012
Goodwill	3,138	3,137
Other assets	501	459
Total assets	48,886	48,501
Current liabilities:
Accounts payable	496	567
Deferred revenue and subscriber-related liabilities	215	198
Accrued programming and content expense	968	902
Current maturities of long-term debt	320	1,017
Other current liabilities	2,156	1,813
Total current liabilities	4,155	4,497
Long-term debt	22,732	22,701
Deferred income tax liabilities, net	12,715	12,560
Other liabilities	$ 772	$ 726
Commitments and contingencies (Note 10)
TWC shareholders' equity:
Common stock, $0.01 par value, 282.9 million and 280.8 million shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	$ 3	$ 3
Additional paid-in capital	7,369	7,172
Retained earnings	1,436	1,162
Accumulated other comprehensive loss, net	(300)	(324)
Total TWC shareholders' equity	8,508	8,013
Noncontrolling interests	4	4
Total equity	8,512	8,017
Total liabilities and equity	$ 48,886	$ 48,501

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parentheticals) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Allowance for doubtful accounts	$ 126	$ 109
TWC shareholders' equity:
Common stock par value per share (in US dollars per share)	$ 0.01	$ 0.01
Common stock shares issued (in shares)	282.9	280.8
Common stock shares outstanding (in shares)	282.9	280.8

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Operations [Abstract]
Revenue	$ 5,926	$ 5,726	$ 11,703	$ 11,308
Costs and expenses:
Programming and content	1,489	1,341	2,908	2,650
Sales and marketing	596	544	1,155	1,099
Technical operations	406	371	805	742
Customer care	224	207	450	412
Other operating	1,181	1,209	2,359	2,371
Depreciation	885	795	1,737	1,570
Amortization	34	35	68	68
Merger-related and restructuring costs	82	61	108	141
Total costs and expenses	4,897	4,563	9,590	9,053
Operating Income	1,029	1,163	2,113	2,255
Interest expense	(350)	(349)	(698)	(713)
Other income, net	127	8	137	23
Income before income taxes	806	822	1,552	1,565
Income tax provision	(343)	(323)	(631)	(587)
Net income	463	499	921	978
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	$ 463	$ 499	$ 921	$ 978
Net income per common share attributable to TWC common shareholders - basic (in US dollars per share)	$ 1.62	$ 1.77	$ 3.22	$ 3.48
Net income per common share attributable to TWC common shareholders - diluted (in US dollars per share)	$ 1.62	$ 1.76	$ 3.21	$ 3.46
Weighted-average common shares outstanding - basic (in shares)	282.7	278.8	282.1	278.3
Weighted-average common shares outstanding - diluted (in shares)	285.8	282.4	285.4	282.1
Cash dividends declared per share of common stock	$ 0.75	$ 0.75	$ 2.25	$ 1.50

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Comprehensive Income [Abstract]
Net income	$ 463	$ 499	$ 921	$ 978
Change in accumulated unrealized losses on pension benefit obligation, net of income tax benefit of $4 million and $16 million for the three months ended June 30, 2015 and 2014, respectively, and $0 and $16 million for the six months ended June 30, 2015 and 2014, respectively	(7)	(24)	(1)	(25)
Change in accumulated deferred gains (losses) on cash flow hedges, net of income tax benefit (provision) of $(26) million and $28 million for the three months ended June 30, 2015 and 2014, respectively, and $(15) million and $57 million for the six months ended June 30, 2015 and 2014, respectively	43	(46)	25	(91)
Other comprehensive income (loss)	36	(70)	24	(116)
Comprehensive income	499	429	945	862
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	$ 499	$ 429	$ 945	$ 862

CONSOLIDATED STATEMENT OF COMP6

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Comprehensive Income [Abstract]
Change in accumulated unrealized losses on pension benefit obligation, tax effect	$ 4	$ 16	$ 0	$ 16
Change in accumulated deferred gains (losses) on cash flow hedges, tax effect	$ (26)	$ 28	$ (15)	$ 57

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
Net income	$ 921	$ 978
Adjustments for noncash and nonoperating items:
Depreciation	1,737	1,570
Amortization	68	68
Income from equity-method investments, net of cash distributions	(8)	(16)
Pretax gain on settlement of Verizon Wireless agency agreement	(120)	0
Deferred income taxes	173	123
Equity-based compensation expense	79	93
Excess tax benefit from equity-based compensation	(74)	(99)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables	58	41
Accounts payable and other liabilities	402	326
Other changes	(30)	8
Cash provided by operating activities	3,206	3,092
INVESTING ACTIVITIES
Capital expenditures	(2,397)	(2,074)
Acquisition of intangible assets	(31)	(24)
Other investing activities	7	31
Cash used by investing activities	(2,421)	(2,067)
FINANCING ACTIVITIES
Short-term borrowings (repayments), net	(194)	1,147
Repayments of long-term debt	(500)	(1,750)
Dividends paid	(432)	(428)
Repurchases of common stock	0	(259)
Proceeds from exercise of stock options	106	118
Excess tax benefit from equity-based compensation	74	99
Taxes paid in cash in lieu of shares issued for equity-based compensation	(61)	(68)
Other financing activities	(5)	(6)
Cash used by financing activities	(1,012)	(1,147)
Decrease in cash and equivalents	(227)	(122)
Cash and equivalents at beginning of period	707	525
Cash and equivalents at end of period	$ 480	$ 403

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Millions	Total	TWC Shareholders' Equity [Member]	Noncontrolling Interests [Member]
Balance at beginning of period at Dec. 31, 2013	$ 6,947	$ 6,943	$ 4
Net income	978	978	0
Other comprehensive income (loss)	(116)	(116)	0
Cash dividends declared ($1.50 per common share in 2014 and $2.25 per common share in 2015)	(428)	(428)	0
Repurchase and retirement of common stock	(208)	(208)	0
Equity-based compensation expense	93	93	0
Excess tax benefit realized from equity-based compensation	99	99	0
Shares issued upon exercise of stock options	118	118	0
Taxes paid in lieu of shares issued for equity-based compensation	(68)	(68)	0
Other changes	(1)	(1)	0
Balance at end of period at Jun. 30, 2014	7,414	7,410	4
Balance at beginning of period at Dec. 31, 2014	8,017	8,013	4
Net income	921	921	0
Other comprehensive income (loss)	24	24	0
Cash dividends declared ($1.50 per common share in 2014 and $2.25 per common share in 2015)	(647)	(647)	0
Equity-based compensation expense	79	79	0
Excess tax benefit realized from equity-based compensation	74	74	0
Shares issued upon exercise of stock options	106	106	0
Taxes paid in lieu of shares issued for equity-based compensation	(61)	(61)	0
Other changes	(1)	(1)	0
Balance at end of period at Jun. 30, 2015	$ 8,512	$ 8,508	$ 4

CONSOLIDATED STATEMENT OF EQUI9

CONSOLIDATED STATEMENT OF EQUITY (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Equity [Abstract]
Cash dividends declared per share of common stock (in US dollars per share)	$ 0.75	$ 0.75	$ 2.25	$ 1.50

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
Description Of Business And Basis Of Presentation [Abstract]
Description of Business and Basis of Presentation Disclosure	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business Time Warner Cable Inc. (together with its subsidiaries, “TWC” or the “Company”) is among the largest providers of video, high-speed data and voice services in the U.S., with technologically advanced, well-clustered cable systems located mainly in five geographic areas – New York State (including New York City), the Carolinas, the Midwest (including Ohio, Kentucky and Wisconsin), Southern California (including Los Angeles) and Texas. TWC's mission is to connect its customers to the world—simply, reliably and with superior service. TWC offers video, high-speed data and voice services to residential and business services customers. TWC's residential services also include security and home management services, and TWC's business services also include networking and transport services (including cell tower backhaul services) and enterprise-class, cloud-enabled hosting, managed applications and services. TWC also sells video and online advertising inventory to a variety of local, regional and national customers. Charter Merger On May 23, 2015, TWC entered into an Agreement and Plan of Mergers (the “Charter Merger Agreement”) with Charter Communications, Inc. (“Charter”) and certain of its subsidiaries, pursuant to which the parties will engage in a series of transactions (the “Charter merger”) that will result in the Company and Charter becoming 100% owned subsidiaries of a new public parent company (“ New Charter ”) , on the terms and subject to the conditions set forth in the Charter Merger Agreement. Upon the consummation of the Charter merger, each share of TWC common stock (other than treasury shares held by the Company and TWC stock held by the Liberty Parties (as defined below)) will be converted into the right to receive , at the option of each stock holder, either ( i ) $100 in cash and shares of New Charter Class A common stock equivalent to 0.5409 shares of Charter Class A common stock (“Charter common stock”) or (ii) $115 in cash and shares of New Charter Class A common stock equivalent to 0.4562 shares of Charter common stock. Upon the consummation of the Charter merger, subject to certain exceptions, each share of TWC common stock held by Liberty Broadband Corporation or Liberty Interactive Corporation (together, the “Liberty Parties”) will convert only into the right to receive shares of New Charter Class A common stock. The Charter merger is subject to the approval of the Company's and Charter's stockholders, regulatory approvals and certain other closing conditions. Bright House Networks Transaction On May 23, 2015, Charter and Advance/Newhouse Partnership (“A/N”) and certain of their affiliates amended an agreement the parties had signed on March 31, 2015 (the “Bright House Networks Agreement”). Under the amended Bright House Networks Agreement, Charter will acquire Bright House Networks, LLC (“Bright House Networks”), subject to, among other conditions, the closing of the Charter merger. Bright House Networks is a 100% owned subsidiary of a partnership (“TWE-A/N”) between A/N and Time Warner Cable Enterprises LLC (“TWCE”), a subsidiary of TWC. The closing of Charter's acquisition of Bright House Networks is expected to occur concurrently with the closing of the Charter merger. However, the closing of the Charter merger is not conditioned on the closing of the Bright House Networks transaction. In the Charter Merger Agreement, the Company and TWCE agreed to irrevocably and unconditionally waive their “right of first offer” to acquire the assets of Bright House Networks during the pendency of the Charter merger. This waiver will expire if the Charter Merger Agreement is terminated in accordance with its terms, provided that the Company or any of its Affiliates (as defined in the Charter Merger Agreement) does not, within nine months following such a termination, enter into an agreement or understanding in respect of, or consummate , an alternative acquisition transaction. TWC receives a fee from A/N for providing Bright House Networks with high-speed data services and certain management functions, which is included in Other Operations revenue. Termination of Comcast Merger and Divestiture Transactions On April 24, 2015, Comcast Corporation (“Comcast”) and the Company terminated their February 12, 2014 Agreement and Plan of Merger (the “Comcast Merger Agreement”), under which the Company had agreed , on the terms and subject to the conditions set forth therein, to merge with and into a 100% owned subsidiary of Comcast. In a related transaction, on April 25, 2014, Comcast had entered into a binding agreement with Charter, which contemplated three transactions to be completed following the closing of the Comcast Merger Agreement (the “divestiture transactions”): (1) a contribution, spin-off and merger transaction, (2) an asset exchange and (3) a sale of assets. The completion of the divestiture transactions would have resulted in Charter acquiring certain TWC cable systems primarily in the Midwest. Also, on March 31, 2015, Charter and A/N had entered into the Bright House Networks Agreement, which was subject to, among other things, the closing of the divestiture transactions. Upon termination of the Comcast Merger Agreement, Comcast delivered a notice of termination to Charter with respect to the divestiture transactions. Basis of Presentation Basis of Consolidation The consolidated financial statements include all of the assets, liabilities, revenue, expenses and cash flows of TWC and all entities in which TWC has a controlling voting interest. T he consolidated financial statements include the results of TWE-A/N only for the TWE-A/N cable systems that are controlled by TWC and for which TWC holds an economic interest. Intercompany accounts and transactions between consolidated companies have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates inherent in the preparation of the consolidated financial statements include accounting for allowances for doubtful accounts, depreciation and amortization, business combinations, derivative financial instruments, pension benefits, equity-based compensation, income taxes, loss contingencies , certain programming arrangements and asset impairments . Allocation methodologies used to prepare the consolidated financial statements are based on estimates and have been described in the notes, where appropriate. Reclassifications C ertain reclassifications have been made to the prior period financial information to conform to the current year presentation . Interim Financial Statements The consolidated financial statements are unaudited; however, in the opinion of management, they contain all the adjustments (consisting of those of a normal recurring nature) considered necessary to present fairly the financial position, results of operations and cash flows for the periods presented in conformity with GAAP applicable to interim periods. The consolidated financial statements should be read in conjunction with the audited consolidated financial statements of TWC included in the Company's Annual Report on Form 10 -K for the year ended December 31, 2014 .

RECENT ACCOUNTING STANDARDS

RECENT ACCOUNTING STANDARDS	6 Months Ended
	Jun. 30, 2015
Recent Accounting Standards [Abstract]
Recent Accounting Standards Disclosure	2. RECENT ACCOUNTING STANDARDS Accounting Standards Not Yet Adopted Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board the (“FASB”) issued authoritative guidance that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most recent current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also specifies the accounting for certain incremental costs of obtaining a contract and costs to fulfill a contract with a customer. Entities have the option of applying either a full retrospective approach to all periods presented or a modified approach that reflects differences prior to the date of adoption as an adjustment to equity. In July 2015, the FASB deferred the effective date of this guidance by one year. As such, this guidance will be effective for TWC on January 1, 2018 and the Company is currently assessing the impact of this guidance on its consolidated financial statements. Presentation of Debt Issuance Costs In April 2015, the FASB issued authoritative guidance for the purpose of simplifying the presentation of debt issuance costs. Under this guidance, debt issuance costs related to a recognized debt liability are required to be presented in the balance sheet as a direct reduction from the carrying amount of such debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this guidance. Entities will be required to apply a full retrospective approach to all periods presented. This guidance will be effective for TWC on January 1, 2016 and, upon adoption, debt issuance costs capitalized in other current assets and other assets in the consolidated balance sheet will be reclassified and presented as a reduction to current and noncurrent long-term debt. As of June 30, 2015 , debt issuance costs, net of accumulated amortization, recognized in the consolidated balance sheet totaled $97 million, of which $10 million is recorded in other current assets. Customer's Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB issued authoritative guidance for the purpose of clarifying the accounting for cloud computing arrangements by providing criteria for determining whether a cloud computing arrangement includes a software license. Under this guidance, if it is determined that a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses; however, if it is determined that a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Entities have the option of applying either a full retrospective approach to all periods presented or a prospective approach to all arrangements entered into or materially modified after the effective date. This guidance will be effective for TWC on January 1, 2016 and is not expected to have a material impact on the Company's consolidated financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
Earnings Per Share Disclosure [Abstract]
Earnings Per Share Disclosure	3. EARNINGS PER SHARE Basic net income per common share attributable to TWC common shareholders is determined using the two-class method and is computed by dividing net income attributable to TWC common shareholders by the weighted average of common shares outstanding during the period. The two-class method is an earnings allocation formula that determines income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Diluted net income per common share attributable to TWC common shareholders reflects the more dilutive earnings per share amount calculated using the treasury stock method or the two-class method. Set forth below is a reconciliation of net income attributable to TWC common shareholders per basic and diluted common share (in millions, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income attributable to TWC common shareholders $ 459 $ 494 $ 909 $ 969 Net income allocated to participating securities (a) 4 5 12 9 Net income attributable to TWC shareholders $ 463 $ 499 $ 921 $ 978 Weighted-average basic common shares outstanding 282.7 278.8 282.1 278.3 Dilutive effect of nonparticipating equity awards 0.9 1.8 1.0 1.9 Dilutive effect of participating equity awards (a) 2.2 1.8 2.3 1.9 Weighted-average diluted common shares outstanding 285.8 282.4 285.4 282.1 Net income per common share attributable to TWC common shareholders: Basic $ 1.62 $ 1.77 $ 3.22 $ 3.48 Diluted $ 1.62 $ 1.76 $ 3.21 $ 3.46 —————————— (a) R estricted stock units granted to employees and non-employee directors are considered participating securities with respect to regular quarterly cash dividends. For the three and six months ended June 30, 2015 , the computation of diluted net income per common share attributable to TWC common shareholders excludes 0.8 million of potential common shares related to the Company's equity-based compensation plan, because the inclusion of such shares would have an antidilutive effect. For the three and six months ended June 30, 2014 , antidilutive common shares related to the Company's equity-based compensation p lan were insignificant.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2015
Derivative Financial Instruments And Fair Value Measurements [Abstract]
Derivative Financial Instruments and Fair Value Measurements Disclosure	4. DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair values of assets and liabilities associated with derivative financial instruments recorded in the consolidated balance sheet as of June 30, 2015 and December 31, 2014 consisted of the following (in millions): Assets Liabilities June 30, December 31, June 30, December 31, 2015 2014 2015 2014 Interest rate swaps (a)(b) $ 94 $ 93 $ 8 $ 19 Cross-currency swaps (a)(c) 255 197 — — Total $ 349 $ 290 $ 8 $ 19 ————————— I nterest rate swap and cross-currency swap contracts with multiple counterparties are subject to contractual terms that provide for the net settlement of all such contracts with each counterparty , including cash collateral received or paid, through a single payment in the event of default on or termination of any one contract by either party. T he fair values of the assets and liabilities associated with interest rate swaps and cross-currency swaps are presented on a gross basis in the consolidated balance sheet and are classified as current or noncurrent based on the maturity date of the respective contract. The fair value of assets associated with interest rate swaps as of June 30, 2015 is recorded in other assets in the consolidated balance sheet. Of the total fair value of assets associated with interest rate swaps as of D ecember 31, 2014 , $1 million is recorded in other current assets with the remainder recorded in other assets in t he consolidated balance sheet. The fair values of liabilities associated with interest rate swap s are recorded in other liabilities in the consolidated balance sheet. The fair values of assets associated with cross-currency swaps are recorded in other assets in the consolidated balance sheet. Fair Value Hedges The Company uses interest rate swaps to manage interest rate risk by effectively converting fixed-rate debt into variable-rate debt. Under such contracts, the Company is entitled to receive semi-annual interest payments at fixed rates and is required to make semi-annual interest payments at variable rates, without exchange of the underlying principal amount. Such contracts are designated as fair value hedges. The Company recognize d no gain or loss related to its interest rate swaps because the changes in the fair values of such instruments we re completely offset by the changes in the fair values of the hedged fixed-rate debt. The fair value of interest rate swaps was determined using a discounted cash flow (“ DCF ”) analysis based on the terms of the contract and expected forward interest rates, and incorporates the credit risk of the Company and each counterparty (a Level 2 fair value measurement). The following table summarizes the terms of existing fixed to variable interest rate swaps as of June 30, 2015 and December 31, 2014 : June 30, December 31, 2015 2014 Maturities 2017-2019 2015-2019 Notional amount (in millions) $ 5,600 $ 6,100 Weighted-average pay rate (variable based on LIBOR plus variable margins) 5.14% 4.78% Weighted-average receive rate (fixed) 6.86% 6.58% The notional amounts of interest rate instruments, as presented in the above table, are used to measure interest to be paid or received and do not represent the amount of exposure to credit loss. Cash Flow Hedges The Company uses cross-currency swaps to manage foreign exchange risk related to foreign currency denominated debt by effectively converting foreign currency denominated debt, including annual interest payments and the payment of principal at maturity, to U.S. dollar denominated debt. Such contracts are designated as cash flow hedges. The Company has entered into cross-currency swaps to effectively convert its £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 cross-currency swaps have maturities of June 2031 and July 2042 . The fair value of cross-currency swaps was determined using a DCF analysis based on expected forward interest and exchange rates, and incorporates the credit risk of the Company and each counterparty (a Level 2 fair value measurement). The following table summarizes the deferred gain (loss) activity related to cash flow hedges recognized in accumulated other comprehensive loss, net , and reclassified into other income, net , for the three and six months ended June 30, 2015 and 2014 (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Deferred gains (losses) recognized $ 184 $ (17) $ 58 $ (79) Deferred gains reclassified into earnings (a) (115) (57) (18) (69) Total net deferred gains (losses) recognized 69 (74) 40 (148) Income tax (provision) benefit (26) 28 (15) 57 Total net deferred gains (losses) recognized, net of tax $ 43 $ (46) $ 25 $ (91) ————————— Deferred gains (losses) on cross-currency swaps were reclassified from accumulated other comprehensive loss, net , to other income, net , which offsets the re-measurement gains (losses) recognized in other income, net , on the British pound sterling denominated debt. Any ineffectiveness related to cash flow hedges has been and is expected to be immaterial . Assets Measured at Fair Value on a Nonrecurring Basis The Company's assets measured at fair value on a nonrecurring basis include equity-method investments, long-lived assets, indefinite-lived intangible assets and goodwill. The Company reviews the carrying amounts of such assets whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable or at least annually as of July 1 for indefinite-lived intangible assets and goodwill. Any resulting asset impairment would require that the asset be reduced to its fair value. Fair Value of Other Financial Instruments The Company's other financial instruments not measured at fair value on a recurring basis include (a) cash and equivalents, receivables, accounts payable, accrued liabilities and borrowings under the Company's commercial paper program, which are reflected at cost in the consolidated balance sheet, and (b) TWC senior notes and debentures and TWCE senior debentures (collectively, the “senior notes and debentures”) not subject to fair value hedge accounting, which are reflected at amortized cost in the consolidated balance sheet. With the exception of the senior notes and debentures, cost approximates fair value for these instruments due to their short-term nature. The carrying value and related estimated fair value of the senior notes and debentures was $22.659 billion and $24.362 billion, respectively, as of June 30, 2015 and $23.126 billion and $27.842 billion, respectively, as of December 31, 2014 . Estimated fair values for the senior notes and debentures are determined by reference to the market value of the instrument as quoted on a national securities exchange or in an over-the-counter market (a Level 1 fair value measurement).

TWC SHAREHOLDERS' EQUITY

TWC SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2015
Time Warner Cable Shareholders Equity [Abstract]
TWC Shareholders' Equity Disclosure	5. TWC SHAREHOLDERS' EQUITY Changes in Common Stock Changes in common stock from January 1 through June 30 are presented below (in millions): 2015 2014 Balance at beginning of period 280.8 277.9 Shares issued under the equity-based compensation plan 2.1 2.9 Shares repurchased and retired — (1.5) Balance at end of period 282.9 279.3 Common Stock Repurchase Program In February 201 4 , the Company suspended its $4.0 billion common stock repurchase program (the “Stock Repurchase Program”) . A s of June 30 , 2015 , the Company had $2.723 billion remaining under the Stock Repurchase Program authorization. Accumulated Other Comprehensive Income ( Loss ) , Net Changes in accumulated other comprehensive income (loss), net, included in TWC shareholders' equity from January 1 through June 30 are presented below (in millions): 2015 2014 Balance at beginning of period $ (324) $ 44 Other comprehensive income (loss) before reclassifications, net of tax 22 (74) Amounts reclassified into earnings, net of tax 2 (42) Other comprehensive income (loss), net of tax 24 (116) Balance at end of period $ (300) $ (72) The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net , included in TWC shareholders' equity from January 1 through June 30 (in millions): 2015 2014 Unrealized losses on pension benefit obligation: Balance at beginning of period $ (473) $ (104) Other comprehensive loss before reclassifications, net of tax (14) (25) Amounts reclassified into earnings, net of tax: Amortization of actuarial (gain) loss (a) 21 (1) Income tax (benefit) provision (8) 1 Amortization of actuarial loss, net of tax 13 — Other comprehensive loss, net of tax (1) (25) Balance at end of period $ (474) $ (129) Deferred gains (losses) on cash flow hedges: Balance at beginning of period $ 150 $ 149 Other comprehensive income (loss) before reclassifications, net of tax 36 (49) Amounts reclassified into earnings, net of tax: Effective portion of gain on cash flow hedges (b) (18) (69) Income tax provision 7 27 Effective portion of gain on cash flow hedges, net of tax (11) (42) Other comprehensive income (loss), net of tax 25 (91) Balance at end of period $ 175 $ 58 Other changes: Balance at beginning and end of period $ (1) $ (1) —————————— Amounts are included in the computation of net periodic benefit costs as discussed further in Note 7 . Amounts are recorded in other income, net , in the consolidated statement of operations as discussed further in Note 4 .

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
Equity Based Compensation [Abstract]
Equity-Based Compensation Disclosure	6. EQUITY-BASED COMPENSATION TWC is authorized under t he Company 's stock incentive pla n (the “2011 Plan”) to grant restricted stock units (“RSUs”) and options to purchase shares of TWC common stock to its employees and non-employee directors. As of June 30, 2015 , the 2011 Plan provides for the issuance of up to 20.0 million shares of TWC common stock, of which 8.2 million shares were available for grant. Equity-based compensation expense recognized for the three and six months ended June 30, 2015 and 2014 was as follows (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Restricted stock units (a) $ 33 $ 38 $ 71 $ 81 Stock options 4 5 8 12 Total equity-based compensation expense (a) $ 37 $ 43 $ 79 $ 93 ————————— Amounts include $8 million and $14 million for the three months ended June 30, 2015 and 2014 , respectively, and $19 million and $23 million f or the six months ended June 30, 2015 and 2014 , respectively , of equity-based compensation expense recognized in merger-related and restructuring costs in the consolidated statement of operations related to certain retention grants (as defined below) . Restricted Stock Units For the six months ended June 30, 2015 , TWC granted 839,000 RSUs subject to time-based vesting at a weighted-average grant date fair value of $177.65 per RSU. For the six months ended June 30, 2014 , TWC granted 3.676 million RSUs at a weighted-average grant date fair value of $135.42 per RSU, which included 143,000 RSUs subject to performance-based vesting conditions (“PBUs”) at a weighted-average grant date fair value of $135.31 per PBU. Total unrecognized compensation cost related to unvested RSUs as of June 30, 2015 , without taking into account expected forfeitures, was $510 million, which the Company expects to recognize over a weighted-average period of 3.86 years , without taking into account acceleration of vesting . In connection with the Company's entry into the Charter Merger Agreement, the Company advanced into 2015 its annual grant s of equity awards that would otherwise have been made in 201 7 . As a result, eligible employees were granted RSUs having a value equal to ( and with vesting terms consistent with) those that these employees otherwise would have received in 201 7 (the “ 2015 retention grant”) , but without performance-based vesting conditions. Specifically, the 2015 retention grant w ill vest 50% in February of 20 20 and 50% in February of 2021 , subject to continued employment. If the grantee's employment is terminated prior to the date on which the 201 5 retention grant would have normally been made (i.e., February 2017 ), such retention grant would be forfeited, absent a change in control of the Company prior to such termination of employment. In connection with the Company's entry into the Comcast Merger Agreement, the Company advanced into 2014 its annual grant of equity awards that would otherwise have been made in 2015 and 2016. As a result, eligible employees were granted RSUs having a value equal to (and with vesting terms consistent with) those that these employees otherwise would have received in each of 2015 and 2016 (the “ 2014 retention grants” and, together with the 2015 retention grant, the “retention grants” ), but without performance-based vesting conditions. Specifically, the retention grant corresponding to the 2015 annual grant will vest 50% in February of 2018 and 50% in February of 2019 and the retention grant corresponding to the 2016 annual grant will vest 50% in February of 2019 and 50% in February of 2020, in each case , subject to continued employment. If the grantee's employment were terminated prior to the date on which either retention grant would have normally been made (i.e., February 2015 or 2016, as appropriate), such retention grant would be forfeited, absent a change in control of the Company prior to such termination of employment. Employees who received the retention grant s will generally not be eligible for additional annual equity awards with respect to 2015, 2016 or 201 7 absent a change of responsibilities or other circumstances . Consequently, whether or not the Charter merger is consummated, both the employee and the Company would generally be in the same position they would have been in had the RSUs been granted in accordance with the anticipated schedule. With the exception of the retention grants discussed above, R SUs, including PBUs, generally vest 50% on each of the third and fourth anniversary of the grant date, subject to continued employment and, in the case of PBUs, subject to the satisfaction and certification of the applicable performance conditions. RSUs generally provide for accelerated vesting upon the termination of the grantee's employment after reaching a specified age and years of service or upon a termination of the grantee's employment within 24 months following a change in control of the Company and, in the case of PBUs, subject to the satisfaction and certification of the applicable performance conditions. PBUs are subject to forfeiture if the applicable performance condition is not satisfied. RSUs awarded to non-employee directors are not subject to vesting or forfeiture restrictions and the shares underlying the RSUs will generally be issued in connection with a director's termination of service as a director. Pursuant to the directors' compensation program, certain directors with more than three years of service on the Board of Directors have elected an in-service vesting period for their RSU awards. Holders of RSUs are generally entitled to receive cash dividend equivalents or retained distributions related to regular cash dividends or other distributions, respectively, paid by TWC. In the case of PBUs, the receipt of the dividend equivalents is subject to the satisfaction and certification of the applicable performance conditions. Retained distributions are subject to the vesting requirements of the underlying RSUs. Upon the vesting of a RSU, shares of TWC common stock may be issued from authorized but unissued shares or from treasury stock, if any. Stock Options For the six months ended June 30, 2015 and 2014 , TWC granted no stock options. Total unrecognized compensation cost related to unvested stock options as of June 30, 2015 , without taking into account expected forfeitures, wa s $14 million, which the Company expects to recognize over a weighted-average period of 1.37 years , without taking into account acceleration of vesting . Stock options, including stock options subject to performance-based vesting conditions (“PBOs”), have exercise prices equal to the fair market value of TWC common stock at the date of grant. Generally, stock options vest ratably over a four -year vesting period and expire ten years from the date of grant , subject to continued employment and, in the case of PBOs, subject to the satisfaction and certification of the applicable performance condition. Certain stock option awards provide for accelerated vesting upon the termination of the grantee's employment after reaching a specified age and years of service or upon a termination of the grantee's employment within 24 months following a change in control of the Company and, in the case of PBOs, subject to the satisfaction and certification of the applicable performance conditions . PBOs are subject to forfeiture if the applicable performance condition is not satisfied. Upon the exercise of a stock option, shares of TWC common stock may be issued from authorized but unissued shares or from treasury stock, if any.

PENSION COSTS

PENSION COSTS	6 Months Ended
	Jun. 30, 2015
Pension Costs [Abstract]
Pension Costs Disclosure	7. PENSION COSTS TWC sponsors the Time Warner Cable Pension Plan (the “TWC Pension Plan”) and the Time Warner Cable Union Pension Plan (the “Union Pension Plan” and, together with the TWC Pension Plan, the “qualified pension plans”), both qualified d efined benefit pension plans , that together provide pension benefits to a majority of the Company's employees. TWC also provides a nonqualified defined benefit pension plan for certain employees (the “nonqualified pension plan” and, together with the qualified pension plans, the “pension plans”). Pension benefits are based on formulas that reflect the employees' years of service and compensation during their employment period. TWC uses a December 31 measurement date for its pension plans. T he components of net periodic benefit costs for the three and six months ended June 30, 2015 and 2014 is as follows (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ 57 $ 43 $ 114 $ 86 Interest cost 37 36 73 72 Expected return on plan assets (57) (58) (114) (116) Amounts amortized 11 — 21 (1) Net periodic benefit costs $ 48 $ 21 $ 94 $ 41 The Company made no cash contributions to the qualified pension plans during the six months ended June 30, 2015 ; however, the Company may make discretionary cash contributions to the qualified pension plans in 2015 . Such contributions will be dependent on a variety of factors, including current and expected interest rates, asset performance, the funded status of the qualified pension plans and management's judgment. For the nonqualified pension plan, the Company will continue to make contributions during the remainder of 2015 to the extent benefits are paid.

MERGER-RELATED AND RESTRUCTURIN

MERGER-RELATED AND RESTRUCTURING COSTS	6 Months Ended
	Jun. 30, 2015
Merger Related And Restructuring Costs [Abstract]
Merger-Related and Restructuring Costs Disclosure	8. MERGER-RELATED AND RESTRUCTURING COSTS Merger-related and restructuring costs for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Merger-related costs $ 69 $ 52 $ 93 $ 115 Restructuring costs 13 9 15 26 Total merger-related and restructuring costs $ 82 $ 61 $ 108 $ 141 Merger-related Costs For the six months ended June 30, 2015 , the Company incurred merger-related costs of $93 million of which $56 million related to the Charter merger, including employee retention costs of $14 million and a dvisory and legal fees of $42 million , and $37 million related to the Comcast merger, including employee retention costs of $27 million and advisory and legal fees of $10 million . For the six months ended June 30, 2014 , the Company incurred merger-related costs of $115 million of which $111 million related to the Comcast merger, including employee retention costs of $69 million and advisory and legal fees of $42 million . Merger-related costs for the six months ended June 30, 2014 also included $4 million incurred in connection with the acquisition of DukeNet Communications, LLC . The Company expects to incur additional merger-related costs during the remainder of 2015 in connection with the C harter merger. Changes in accruals for merger-related costs are presented below (in millions): Employee Other Costs Costs Total Remaining liability as of December 31, 2013 $ 3 $ 3 $ 6 Costs incurred 68 75 143 Adjustments (1) — (1) Cash paid (a) (5) (61) (66) Remaining liability as of December 31, 2014 65 17 82 Costs incurred 22 57 79 Costs reimbursed by Charter — (5) (5) Cash paid (81) (40) (121) Remaining liability as of June 30, 2015 (b) $ 6 $ 29 $ 35 ————————— Of the total cash paid in 2014 , $37 million was paid during the six months ended June 30, 2014 . The remaining $35 million liability as of June 30, 2015 is classified as a current liability in the consolidated balance sheet. In addition to the cash settled liabilities shown in the table above, the Company also issued RSUs in connection with the retention grants , as discussed in Note 6 , which resulted in additional merger-related costs of $56 million for the year ended December 31, 2014 ( $23 million for the six months ended June 30, 2014 ) and $19 million for the six months ended June 30, 2015 . Restructuring Costs For the six months ended June 30, 2015 and 2014 , the Company incurred restructuring costs of $15 million and $26 million , respectively, primarily related to employee terminations and other exit costs. The Company expects to incur additional restructuring costs during the remainder of 2015 . Changes in restructuring reserves are presented below (in millions): Employee Other Termination Exit Costs Costs Total Remaining liability as of December 31, 2013 $ 39 $ 4 $ 43 Costs incurred 14 16 30 Adjustments (3) — (3) Cash paid (a) (42) (20) (62) Remaining liability as of December 31, 2014 8 — 8 Costs incurred 14 1 15 Cash paid (9) (1) (10) Remaining liability as of June 30, 2015 (b) $ 13 $ — $ 13 ————————— Of the total cash paid in 2014 , $50 million was paid during the six months ended June 30, 2014 . Of the remaining liability as of June 30, 2015 , $8 million is classified as a current liability, with the remaining amount classified as a noncurrent liability in the consolidated balance sheet. Amounts are expected to be paid through March 2019 .

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information Disclosure	9 . SEGMENT INFORMATION T he Company classifies its operations into the following three reportable segments, which have been determined based on how management evaluates and manages the business : Residential Services, which principally consists of video, high-speed data and voice services provided to residential customers as well as other residential services, including security and home management services . Business Services, which principally consists of data, video and voice services provided to business customers as well as other business services, including enterprise-class, cloud-enabled hosting, managed applications and services. Other Operations, which principally consists of ( i ) Time Warner Cable Media (“TWC Media”), the advertising sales arm of TWC, (ii) TWC-owned and/or operated regional sports networks (“RSNs”) and local sports, news and lifestyle channels (e.g., Time Warner Cable News NY1) and (iii) other operating revenue and costs, including those derived from A/N and home shopping network-related services. The business units reflected in the Other Operations segment individually do not meet the thresholds to be reported as separate reportable segments. In addition to the above reportable segments, the Company has shared functions (referred to as “Shared Functions”) that include activities not attributable to a specific reportable segment. Shared Functions consists of operating costs and expenses associated with broad “corporate” functions (e.g., accounting and finance, information technology, executive management, legal and human resources) or functions supporting more than one reportable segment that are centrally managed (e.g., facilities, network operations, vehicles and procurement) as well as other activities not attributable to a reportable segment. As such, the reportable segment results reflect how management views such segments in assessing financial performance and allocating resources and are not necessarily indicative of the results of operations that each segment would have achieved had they operated as stand-alone entities during the periods presented. In evaluating the profitability of the Company's segments, the components of net income (loss) below OIBDA, as defined below, are not separately evaluated by management at the segment level. Due to the nature of the Company's operations, a majority of its assets, including its distribution systems, are utilized across the Company's operations and are not segregated by segment. In addition, segment assets are not reported to, or used by, management to allocate resources or assess the performance of the Company's segments. Accordingly, the Company has not disclosed asset information by segment. Segment information for the three and six months ended June 30, 2015 and 2014 is as follows (in millions): Three Months Ended June 30, 2015 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 4,758 $ 803 $ 431 $ — $ (66) $ 5,926 Operating costs and expenses (2,611) (323) (289) (739) 66 (3,896) Merger-related and restructuring costs — — — (82) — (82) OIBDA $ 2,147 $ 480 $ 142 $ (821) $ — 1,948 Depreciation (885) Amortization (34) Operating Income $ 1,029 Three Months Ended June 30, 2014 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 4,662 $ 691 $ 436 $ — $ (63) $ 5,726 Operating costs and expenses (2,470) (282) (263) (720) 63 (3,672) Merger-related and restructuring costs — — — (61) — (61) OIBDA $ 2,192 $ 409 $ 173 $ (781) $ — 1,993 Depreciation (795) Amortization (35) Operating Income $ 1,163 Six Months Ended June 30, 2015 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 9,420 $ 1,584 $ 829 $ — $ (130) $ 11,703 Operating costs and expenses (5,192) (625) (524) (1,466) 130 (7,677) Merger-related and restructuring costs — — — (108) — (108) OIBDA $ 4,228 $ 959 $ 305 $ (1,574) $ — 3,918 Depreciation (1,737) Amortization (68) Operating Income $ 2,113 Six Months Ended June 30, 2014 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 9,230 $ 1,359 $ 836 $ — $ (117) $ 11,308 Operating costs and expenses (4,906) (548) (490) (1,447) 117 (7,274) Merger-related and restructuring costs — — — (141) — (141) OIBDA $ 4,324 $ 811 $ 346 $ (1,588) $ — 3,893 Depreciation (1,570) Amortization (68) Operating Income $ 2,255 —————————— Revenue derived from outside the U.S. was insignificant in all periods presented. No single customer accounted for a significant amount of revenue in any period presented. Intersegment Eliminations relates to the programming provided to the Residential Services and Business Services segments by the RSNs and local sports, news and lifestyle channels. These services are reflected as programming expense for the Residential Services and Business Services segments and as revenue for the Other Operations segment. R evenue for the three and six months ended June 30, 2015 and 2014 was derived from the following sources (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Residential Services revenue: Video $ 2,514 $ 2,546 $ 4,983 $ 5,041 High-speed data 1,742 1,606 3,438 3,164 Voice 478 490 951 986 Other 24 20 48 39 Total Residential Services revenue 4,758 4,662 9,420 9,230 Business Services revenue: Video 95 90 189 179 High-speed data 391 331 767 637 Voice 147 123 289 241 Wholesale transport 120 97 241 198 Other 50 50 98 104 Total Business Services revenue 803 691 1,584 1,359 Other Operations revenue: Advertising 263 272 493 519 Other 168 164 336 317 Total Other Operations revenue 431 436 829 836 Intersegment eliminations (66) (63) (130) (117) Total revenue $ 5,926 $ 5,726 $ 11,703 $ 11,308 Use of OIBDA Management uses Operating Income before Depreciation and Amortization (“OIBDA”), among other measures, in evaluating the segment's performance because it eliminates the effects of ( i ) considerable amounts of noncash depreciation and amortization and (ii) items not within the control of the Company's operations managers (such as income tax provision, other income (expense), net, and interest expense ). Management also uses this measure to evaluate the Company's consolidated operating performance and to allocate resources and capital to the segments. Performance measures derived from OIBDA are also used in the Company's annual incentive compensation programs. In addition, this measure is commonly used by analysts, investors and others in evaluating the Company's performance. This measure has inherent limitations. For example, OIBDA does not reflect capital expenditures or the periodic costs of certain capitalized assets used in generating revenue. To compensate for such limitations, management evaluates the Company's consolidated performance through, among other measures, various cash flow measures, which reflect capital expenditure decisions, and net income attributable to TWC shareholders, which reflects the periodic costs of capitalized assets. OIBDA also fails to reflect the significant costs borne by the Company for income taxes and debt servicing costs, the results of the Company's equity investments and other non-operational income or expense. Management compensates for these limitations by using other analytics such as a review of net income attributable to TWC shareholders. This non-GAAP measure should be considered in addition to, not as a substitute for, the Company's Operating Income and net income attributable to TWC shareholders, as well as other measures of financial performance reported in accordance with GAAP, and may not be comparable to similarly titled measures used by other companies.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments and Contingencies Disclosure	10. COMMITMENTS AND CONTINGENCIES Legal Proceedings In connection with the formerly proposed Comcast merger, eight putative class action complaints were filed on behalf of purported TWC stockholders in the New York Supreme Court (the “NY Actions”) and the Court of Chancery of the State of Delaware. These complaints name d as defendants TWC, the members of the TWC board of directors, Comcast and Comcast's merger subsidiary. The complaints generally allege d , among other things, that the members of the TWC board of directors breached their fiduciary duties to TWC stockholders during merger negotiations and by entering into the Comcast Merger Agreement and approving the Comcast merger, and that Comcast aided and abetted such breaches of fiduciary duties. The complaints further allege d that the joint proxy statement/prospectus filed by Comcast with the Securities and Exchange Commission on March 20, 2014 was misleading or omitted certain material information. The complaints sought , among other relief, compensatory damages in an unspecified amount, injunctive relief and costs and fees. The parties entered into a settlement agreement, conditioned inter alia on the consummation of the Comcast merger. Now that the Comcast Merger Agreement has been terminated, the settlement is no longer operative, although the plaintiffs have the right to petition the court for the award of attorneys' fees and TWC has the right to oppose that application. Following the announcement of the Charter merger on May 26, 2015, on June 29, 2015, the parties in the NY Actions filed a stipulation agreeing that plaintiffs could file a Second Consolidated Class Action Complaint ( the “Second Amended Complaint ” ), and dismissing with prejudice Comcast and Comcast's merger subsidiary . After the c ourt so ordered the stipulation, the plaintiffs in the NY Actions filed the Second Amended Complaint on July 1, 2015. The Second Amended Complaint names as defendants TWC, the members of the TWC board of directors, Charter and the merger subsidiaries. The Second Amended Complaint generally alleges, among other things, that the members of the TWC board of directors breached their fiduciary duties to TWC stockholders during the Charter merger negotiations and by entering into the Charter Merger Agreement and approving the Charter merger, and that Charter and its subsidiaries aided and abetted such breaches of fiduciary duties. The complaint seeks, among other relief, injunctive relief enjoining the shareholder vote on the Charter merger, unspecified declaratory and equitable relief, compensatory damages in an unspecified amount, and costs and fees. The Company believes that the claims asserted against it are without merit and intends to defend against this lawsuit vigorously, but is unable to predict the outcome of this lawsuit or reasonably est imate a range of possible loss. On December 19, 2011, Sprint Communications Company L.P. filed a complaint in the U.S. District Court for the District of Kansas alleging that the Company infringes 12 patents purportedly relating to Voice over Internet Protocol (“VoIP”) services. The plaintiff is seeking unspecified monetary damages as well as injunctive relief. The Company intends to defend against this lawsuit vigorously, but is unable to predict the outcome of this lawsuit or reasonably est imate a range of possible loss. On December 5, 2014, Broadband iTV , Inc. filed an amended complaint in the U.S. District Court for the District of Hawaii alleging that the Company infringes a patent purportedly relating to the Company's delivery of digital video on demand services and seeking monetary and injunctive relief. The complaint also names Hawaiian Telecom, Inc. (“Hawaiian Telecom”) as a defendant. On January 9, 2015, the Company answered the amended complaint and moved to sever the allegations against the Company from those against Hawaiian Telecom. On April 16, 2015, the Court severed the allegations against the Company from those against Hawaiian Telecom, but consolidated the cases for pre-trial purposes. The court issued a claim construction order on June 24, 2015 and the parties have exchanged expert reports on the issues of infringement, validity and damages. TWC intends to defend against this lawsuit vigorously, but is unable to predict the outcome of this lawsuit or reasonably estimate a range of possible loss. The Company is the defendant in In re: Set-Top Cable Television Box Antitrust Litigation , ten purported class actions filed in federal district courts throughout the U.S. These actions are subject to a Multidistrict Litigation (“MDL”) Order transferring the cases for pretrial proceedings to the U.S. District Court for the Southern District of New York. On July 26, 2010, the plaintiffs filed a third amended consolidated class action complaint (the “Third Amended Complaint”), alleging that the Company violated Section 1 of the Sherman Antitrust Act, various state antitrust laws and state unfair/deceptive trade practices statutes by tying the sales of premium cable television services to the leasing of set-top converter boxes. The plaintiffs are seeking, among other things, unspecified treble monetary damages and an injunction to cease such alleged practices. On September 30, 2010, the Company filed a motion to dismiss the Third Amended Complaint, which the court granted on April 8, 2011. On June 17, 2011, the plaintiffs appealed this decision to the U.S. Court of Appeals for the Second Circuit. The Company intends to defend against this lawsuit vigorously, but is unable to predict the outcome of this lawsuit or reasonably estimate a range of possible loss. From time to time, the Company receives notices from third parties and, in some cases, is party to litigation alleging that certain of the Company's services or technologies infringe the intellectual property rights of others. Claims of intellectual property infringement could require TWC to enter into royalty or licensing agreements on unfavorable terms, incur substantial monetary liability or be enjoined preliminarily or permanently from further use of the intellectual property in question. In addition, certain agreements entered into by the Company may require it to indemnify the other party for certain third-party intellectual property infringement claims, which could increase the Company's damages and its costs of defending against such claims. Even if the claims are without merit, defending against the claims can be time consuming and costly. Other Matters The California Attorney General and the Alameda County, California District Attorney are investigating whether certain of the Company's waste disposal policies, procedures and practices are in violation of the California Business and Professions Code and the California Health and Safety Code. These entities are seeking injunctive relief, unspecified civil penalties and attorneys' fees. While the Company is unable to predict the outcome of this investigation, it does not believe that the outcome will have a material effect on its results of operations, financial condition or cash flows. In March 2003, the interests in cable networks and filmed entertainment held by Time Warner Entertainment Company, L.P. (“TWE”) were transferred to Time Warner and all of Time Warner's interests in cable systems were transferred to the Company (the “TWE Restructuring”). As part of the TWE Restructuring, Time Warner agreed to indemnify the Company from and against any and all liabilities relating to, arising out of or resulting from specified litigation matters brought against the TWE non-cable businesses (and assumed by TWCE in connection with various internal reorganizations). Although Time Warner has agreed to indemnify the Company against such liabilities, TWE (as assumed by TWCE) remains a named party in certain litigation matters. The costs and other effects of future litigation, governmental investigations, legal and administrative cases and proceedings (whether civil or criminal), settlements, judgments and investigations, claims and changes in pending matters (including those matters described above), and developments or assertions by or against the Company relating to intellectual property rights and intellectual property licenses, could have a material adverse effect on the Company's business, financial condition and operating results.

ADDITIONAL FINANCIAL INFORMATIO

ADDITIONAL FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2015
Additional Financial Information [Abstract]
Additional Financial Information Disclosure	11. ADDITIONAL FINANCIAL INFORMATION Other Current Assets Other current assets as of June 30, 2015 and December 31, 2014 consist ed of the following (in millions): June 30, December 31, 2015 2014 Prepaid income taxes $ 43 $ 157 Other prepaid expenses 260 208 Other current assets 27 26 Total other current assets $ 330 $ 391 Other Current Liabilities Other current liabilities as of June 30, 2015 and December 31, 2014 consist ed of the following (in millions): June 30, December 31, 2015 2014 Accrued interest $ 475 $ 486 Accrued compensation and benefits 403 397 Accrued sales and other taxes 353 132 Accrued dividends 215 — Accrued insurance 197 199 Accrued franchise fees 133 151 Other accrued expenses 380 448 Total other current liabilities $ 2,156 $ 1,813 Other Income, Net Other income, net , for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Income from equity-method investments, net $ 6 $ 8 $ 16 $ 22 Gain on settlement of Verizon Wireless agency agreement (a) 120 — 120 — Other 1 — 1 1 Total other income, net $ 127 $ 8 $ 137 $ 23 —————————— In 2011, TWC and Cellco Partnership (doing business as Verizon Wireless) entered into agency agreements that allowed TWC to sell Verizon Wireless-branded wireless service, and Verizon Wireless to sell TWC services. Amount represents the settlement of certain terms of the agency agreement s . Related Party Transactions T ransactions with related parties ( i. e., equity-method investees) for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Revenue $ 2 $ 2 $ 3 $ 3 Costs and expenses: Programming and content $ (63) $ (48) $ (111) $ (93) Other operating (5) (4) (10) (10) Total costs and expenses $ (68) $ (52) $ (121) $ (103) Supplemental Cash Flow Information Additional financial information with respect to cash (payments) and receipts for the six months ended June 30, 2015 and 2014 is as follows (in millions): Six Months Ended June 30, 2015 2014 Cash paid for interest $ (750) $ (819) Cash received under interest rate swap contracts 53 74 Cash paid for interest, net $ (697) $ (745) Cash paid for income taxes $ (38) $ (98) Cash refunds of income taxes 3 3 Cash paid for income taxes, net $ (35) $ (95)

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Statements Disclosure [Abstract]
Condensed Consolidating Financial Statements Disclosure	12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS Set forth below are condensed consolidating financial statements presenting the financial position, results of operations (including comprehensive income) and cash flows of ( i ) Time Warner Cable Inc. (the “Parent Company”), (ii) Time Warner Cable Enterprises LLC (“TWCE” or the “Guarantor Subsidiary”), a direct 100% owned subsidiary of the Parent Company, (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the “Non-Guarantor Subsidiaries”) on a combined basis and (iv) the eliminations necessary to arrive at the information for Time Warner Cable Inc. on a consolidated basis. The Guarantor Subsidiary has fully and unconditionally guaranteed the debt securities issued by the Parent Company in its 2007 registered exchange offer and subsequent public offerings. The Parent Company directly owns all of the voting and economic interests of the Guarantor Subsidiary. There are no legal or regulatory restrictions on the Parent Company's ability to obtain funds from any of its 100% owned subsidiaries through dividends, loans or advances. These condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Time Warner Cable Inc. Basis of Presentation In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to ( i ) the Parent Company's interests in the Guarantor Subsidiary and the Non-Guarantor Subsidiaries and (ii) the Guarantor Subsidiary's interests in the Non-Guarantor Subsidiaries, where applicable, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiary and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column “Eliminations.” All assets and liabilities have been allocated to the Parent Company, the Guarantor Subsidiary and the Non-Guarantor Subsidiaries generally based on legal entity ownership. Certain administrative costs have been allocated to the Parent Company, the Guarantor Subsidiary and the Non-Guarantor Subsidiaries based on revenue recorded at the respective entity. The Parent Company allocates 100% of its third-party interest expense, net of interest income received from intercompany loans, to the Guarantor Subsidiary. The income tax provision has been presented based on each subsidiary's legal entity activity including income tax benefits related to allocated administrative costs and interest expense. Deferred income taxes have been presented based upon the temporary differences between the carrying amounts of the respective assets and liabilities of the applicable entities. C ondensed consolidating financial information as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014 is as follows (in millions): Condensed Consolidating Balance Sheet as of June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and equivalents $ 230 $ — $ 250 $ — $ 480 Receivables, net 152 — 877 — 1,029 Receivables from affiliated parties 221 — 27 (248) — Deferred income tax assets 8 — 228 (1) 235 Other current assets 15 40 275 — 330 Total current assets 626 40 1,657 (249) 2,074 Investments in and amounts due from consolidated subsidiaries 45,752 47,821 7,641 (101,214) — Investments — 56 13 — 69 Property, plant and equipment, net — 27 16,577 — 16,604 Intangible assets subject to amortization, net — 18 468 — 486 Intangible assets not subject to amortization — — 26,014 — 26,014 Goodwill — — 3,138 — 3,138 Other assets 440 — 61 — 501 Total assets $ 46,818 $ 47,962 $ 55,569 $ (101,463) $ 48,886 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ — $ 496 $ — $ 496 Deferred revenue and subscriber- related liabilities — — 215 — 215 Payables to affiliated parties 27 218 3 (248) — Accrued programming and content expense — — 968 — 968 Current maturities of long-term debt 313 — 7 — 320 Other current liabilities 972 66 1,119 (1) 2,156 Total current liabilities 1,312 284 2,808 (249) 4,155 Long-term debt 20,601 2,058 73 — 22,732 Deferred income tax liabilities, net 11 223 12,481 — 12,715 Long-term payables to affiliated parties 7,641 14,702 — (22,343) — Other liabilities 226 94 452 — 772 TWC shareholders’ equity: Due to (from) TWC and subsidiaries 8,519 1,673 (10,192) — — Other TWC shareholders’ equity 8,508 28,928 49,943 (78,871) 8,508 Total TWC shareholders’ equity 17,027 30,601 39,751 (78,871) 8,508 Noncontrolling interests — — 4 — 4 Total equity 17,027 30,601 39,755 (78,871) 8,512 Total liabilities and equity $ 46,818 $ 47,962 $ 55,569 $ (101,463) $ 48,886 Condensed Consolidating Balance Sheet as of December 31, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and equivalents $ 481 $ — $ 226 $ — $ 707 Receivables, net 31 — 918 — 949 Receivables from affiliated parties 215 — 27 (242) — Deferred income tax assets 9 — 264 (4) 269 Other current assets 121 46 224 — 391 Total current assets 857 46 1,659 (246) 2,316 Investments in and amounts due from consolidated subsidiaries 44,790 46,401 7,641 (98,832) — Investments — 51 13 — 64 Property, plant and equipment, net — 28 15,962 — 15,990 Intangible assets subject to amortization, net — 5 518 — 523 Intangible assets not subject to amortization — — 26,012 — 26,012 Goodwill — — 3,137 — 3,137 Other assets 385 — 74 — 459 Total assets $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ — $ 567 $ — $ 567 Deferred revenue and subscriber- related liabilities — — 198 — 198 Payables to affiliated parties 27 212 3 (242) — Accrued programming and content expense — — 902 — 902 Current maturities of long-term debt 1,008 — 9 — 1,017 Other current liabilities 529 67 1,221 (4) 1,813 Total current liabilities 1,564 279 2,900 (246) 4,497 Long-term debt 20,564 2,061 76 — 22,701 Deferred income tax liabilities, net 23 214 12,323 — 12,560 Long-term payables to affiliated parties 7,641 14,702 — (22,343) — Other liabilities 154 91 481 — 726 TWC shareholders’ equity: Due to (from) TWC and subsidiaries 8,073 1,216 (9,289) — — Other TWC shareholders’ equity 8,013 27,968 48,521 (76,489) 8,013 Total TWC shareholders’ equity 16,086 29,184 39,232 (76,489) 8,013 Noncontrolling interests — — 4 — 4 Total equity 16,086 29,184 39,236 (76,489) 8,017 Total liabilities and equity $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501 Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 5,926 $ — $ 5,926 Costs and expenses: Programming and content — — 1,489 — 1,489 Sales and marketing — — 596 — 596 Technical operations — — 406 — 406 Customer care — — 224 — 224 Other operating — — 1,181 — 1,181 Depreciation — — 885 — 885 Amortization — — 34 — 34 Merger-related and restructuring costs 44 — 38 — 82 Total costs and expenses 44 — 4,853 — 4,897 Operating Income (Loss) (44) — 1,073 — 1,029 Equity in pretax income of consolidated subsidiaries 787 1,153 — (1,940) — Interest income (expense), net (57) (354) 61 — (350) Other income, net 120 1 6 — 127 Income before income taxes 806 800 1,140 (1,940) 806 Income tax provision (343) (337) (306) 643 (343) Net income 463 463 834 (1,297) 463 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 463 $ 463 $ 834 $ (1,297) $ 463 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 463 $ 463 $ 834 $ (1,297) $ 463 Change in accumulated unrealized losses on pension benefit obligation, net of tax (7) — — — (7) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax 43 — — — 43 Other comprehensive income 36 — — — 36 Comprehensive income 499 463 834 (1,297) 499 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 499 $ 463 $ 834 $ (1,297) $ 499 Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 5,726 $ — $ 5,726 Costs and expenses: Programming and content — — 1,341 — 1,341 Sales and marketing — — 544 — 544 Technical operations — — 371 — 371 Customer care — — 207 — 207 Other operating — — 1,209 — 1,209 Depreciation — — 795 — 795 Amortization — — 35 — 35 Merger-related and restructuring costs 8 — 53 — 61 Total costs and expenses 8 — 4,555 — 4,563 Operating Income (Loss) (8) — 1,171 — 1,163 Equity in pretax income of consolidated subsidiaries 879 1,224 — (2,103) — Interest income (expense), net (49) (352) 52 — (349) Other income, net — 4 4 — 8 Income before income taxes 822 876 1,227 (2,103) 822 Income tax provision (323) (341) (323) 664 (323) Net income 499 535 904 (1,439) 499 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 499 $ 535 $ 904 $ (1,439) $ 499 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 499 $ 535 $ 904 $ (1,439) $ 499 Change in accumulated unrealized losses on pension benefit obligation, net of tax (24) — — — (24) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax (46) — — — (46) Other comprehensive loss (70) — — — (70) Comprehensive income 429 535 904 (1,439) 429 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 429 $ 535 $ 904 $ (1,439) $ 429 Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 11,703 $ — $ 11,703 Costs and expenses: Programming and content — — 2,908 — 2,908 Sales and marketing — — 1,155 — 1,155 Technical operations — — 805 — 805 Customer care — — 450 — 450 Other operating — — 2,359 — 2,359 Depreciation — — 1,737 — 1,737 Amortization — — 68 — 68 Merger-related and restructuring costs 48 — 60 — 108 Total costs and expenses 48 — 9,542 — 9,590 Operating Income (Loss) (48) — 2,161 — 2,113 Equity in pretax income of consolidated subsidiaries 1,594 2,284 — (3,878) — Interest income (expense), net (114) (704) 120 — (698) Other income, net 120 2 15 — 137 Income before income taxes 1,552 1,582 2,296 (3,878) 1,552 Income tax provision (631) (640) (595) 1,235 (631) Net income 921 942 1,701 (2,643) 921 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 921 $ 942 $ 1,701 $ (2,643) $ 921 Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 921 $ 942 $ 1,701 $ (2,643) $ 921 Change in accumulated unrealized losses on pension benefit obligation, net of tax (1) — — — (1) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax 25 — — — 25 Other comprehensive income 24 — — — 24 Comprehensive income 945 942 1,701 (2,643) 945 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 945 $ 942 $ 1,701 $ (2,643) $ 945 Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 11,308 $ — $ 11,308 Costs and expenses: Programming and content — — 2,650 — 2,650 Sales and marketing — — 1,099 — 1,099 Technical operations — — 742 — 742 Customer care — — 412 — 412 Other operating — — 2,371 — 2,371 Depreciation — — 1,570 — 1,570 Amortization — — 68 — 68 Merger-related and restructuring costs 41 — 100 — 141 Total costs and expenses 41 — 9,012 — 9,053 Operating Income (Loss) (41) — 2,296 — 2,255 Equity in pretax income of consolidated subsidiaries 1,703 2,376 — (4,079) — Interest income (expense), net (97) (718) 102 — (713) Other income, net — 9 14 — 23 Income before income taxes 1,565 1,667 2,412 (4,079) 1,565 Income tax provision (587) (625) (618) 1,243 (587) Net income 978 1,042 1,794 (2,836) 978 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 978 $ 1,042 $ 1,794 $ (2,836) $ 978 Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 978 $ 1,042 $ 1,794 $ (2,836) $ 978 Change in accumulated unrealized losses on pension benefit obligation, net of tax (25) — — — (25) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax (91) — — — (91) Other comprehensive loss (116) — — — (116) Comprehensive income 862 1,042 1,794 (2,836) 862 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 862 $ 1,042 $ 1,794 $ (2,836) $ 862 Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Cash provided (used) by operating activities $ 249 $ (739) $ 3,696 $ — $ 3,206 INVESTING ACTIVITIES Capital expenditures — — (2,397) — (2,397) Proceeds from sale, maturity and Acquisition of intangible assets — (14) (17) — (31) Other investing activities 1 (3) 9 — 7 Cash provided (used) by investing activities 1 (17) (2,405) — (2,421) FINANCING ACTIVITIES Short-term repayments, net (194) — — — (194) Repayments of long-term debt (500) — — — (500) Dividends paid (432) — — — (432) Proceeds from exercise of stock options 106 — — — 106 Excess tax benefit from equity-based compensation 74 — — — 74 Taxes paid in cash in lieu of shares issued for equity-based compensation — — (61) — (61) Net change in investments in and amounts due from consolidated subsidiaries 445 756 (1,201) — — Other financing activities — — (5) — (5) Cash provided (used) by financing activities (501) 756 (1,267) — (1,012) Increase (decrease) in cash and equivalents (251) — 24 — (227) Cash and equivalents at beginning of period 481 — 226 — 707 Cash and equivalents at end of period $ 230 $ — $ 250 $ — $ 480 Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Cash provided (used) by operating activities $ 161 $ (690) $ 3,621 $ — $ 3,092 INVESTING ACTIVITIES Capital expenditures — — (2,074) — (2,074) Proceeds from sale, maturity and Acquisition of intangible assets — (3) (21) — (24) Other investing activities 18 (4) 17 — 31 Cash provided (used) by investing activities 18 (7) (2,078) — (2,067) FINANCING ACTIVITIES Short-term borrowings, net 1,147 — — — 1,147 Repayments of long-term debt (1,750) — — — (1,750) Repayments of long-term debt assumed in Dividends paid (428) — — — (428) Repurchases of common stock (259) — — — (259) Proceeds from exercise of stock options 118 — — — 118 Excess tax benefit from equity-based compensation 99 — — — 99 Taxes paid in cash in lieu of shares issued for equity-based compensation — — (68) — (68) Net change in investments in and amounts due from consolidated subsidiaries 763 697 (1,460) — — Other financing activities (1) — (5) — (6) Cash provided (used) by financing activities (311) 697 (1,533) — (1,147) Increase (decrease) in cash and equivalents (132) — 10 — (122) Cash and equivalents at beginning of period 316 — 209 — 525 Cash and equivalents at end of period $ 184 $ — $ 219 $ — $ 403

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Consolidation Policy	The consolidated financial statements include all of the assets, liabilities, revenue, expenses and cash flows of TWC and all entities in which TWC has a controlling voting interest. T he consolidated financial statements include the results of TWE-A/N only for the TWE-A/N cable systems that are controlled by TWC and for which TWC holds an economic interest. Intercompany accounts and transactions between consolidated companies have been eliminated in consolidation.
Use of Estimates Policy	The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates inherent in the preparation of the consolidated financial statements include accounting for allowances for doubtful accounts, depreciation and amortization, business combinations, derivative financial instruments, pension benefits, equity-based compensation, income taxes, loss contingencies , certain programming arrangements and asset impairments . Allocation methodologies used to prepare the consolidated financial statements are based on estimates and have been described in the notes, where appropriate.
Reclassifications Policy	C ertain reclassifications have been made to the prior period financial information to conform to the current year presentation .

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share Table [Abstract]
Schedule of Earnings Per Share Reconciliation	Set forth below is a reconciliation of net income attributable to TWC common shareholders per basic and diluted common share (in millions, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income attributable to TWC common shareholders $ 459 $ 494 $ 909 $ 969 Net income allocated to participating securities (a) 4 5 12 9 Net income attributable to TWC shareholders $ 463 $ 499 $ 921 $ 978 Weighted-average basic common shares outstanding 282.7 278.8 282.1 278.3 Dilutive effect of nonparticipating equity awards 0.9 1.8 1.0 1.9 Dilutive effect of participating equity awards (a) 2.2 1.8 2.3 1.9 Weighted-average diluted common shares outstanding 285.8 282.4 285.4 282.1 Net income per common share attributable to TWC common shareholders: Basic $ 1.62 $ 1.77 $ 3.22 $ 3.48 Diluted $ 1.62 $ 1.76 $ 3.21 $ 3.46 —————————— (a) R estricted stock units granted to employees and non-employee directors are considered participating securities with respect to regular quarterly cash dividends.

DERIVATIVE FINANCIAL INSTRUME24

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Financial Instruments And Fair Value Measurements Table [Abstract]
Schedule of Derivative Financial Instruments	The fair values of assets and liabilities associated with derivative financial instruments recorded in the consolidated balance sheet as of June 30, 2015 and December 31, 2014 consisted of the following (in millions): Assets Liabilities June 30, December 31, June 30, December 31, 2015 2014 2015 2014 Interest rate swaps (a)(b) $ 94 $ 93 $ 8 $ 19 Cross-currency swaps (a)(c) 255 197 — — Total $ 349 $ 290 $ 8 $ 19 ————————— I nterest rate swap and cross-currency swap contracts with multiple counterparties are subject to contractual terms that provide for the net settlement of all such contracts with each counterparty , including cash collateral received or paid, through a single payment in the event of default on or termination of any one contract by either party. T he fair values of the assets and liabilities associated with interest rate swaps and cross-currency swaps are presented on a gross basis in the consolidated balance sheet and are classified as current or noncurrent based on the maturity date of the respective contract. The fair value of assets associated with interest rate swaps as of June 30, 2015 is recorded in other assets in the consolidated balance sheet. Of the total fair value of assets associated with interest rate swaps as of D ecember 31, 2014 , $1 million is recorded in other current assets with the remainder recorded in other assets in t he consolidated balance sheet. The fair values of liabilities associated with interest rate swap s are recorded in other liabilities in the consolidated balance sheet. The fair values of assets associated with cross-currency swaps are recorded in other assets in the consolidated balance sheet.
Schedule of Interest Rate Swap Contract Terms	The following table summarizes the terms of existing fixed to variable interest rate swaps as of June 30, 2015 and December 31, 2014 : June 30, December 31, 2015 2014 Maturities 2017-2019 2015-2019 Notional amount (in millions) $ 5,600 $ 6,100 Weighted-average pay rate (variable based on LIBOR plus variable margins) 5.14% 4.78% Weighted-average receive rate (fixed) 6.86% 6.58%
Schedule of Cash Flow Hedge Activity Recognized and Reclassified	The following table summarizes the deferred gain (loss) activity related to cash flow hedges recognized in accumulated other comprehensive loss, net , and reclassified into other income, net , for the three and six months ended June 30, 2015 and 2014 (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Deferred gains (losses) recognized $ 184 $ (17) $ 58 $ (79) Deferred gains reclassified into earnings (a) (115) (57) (18) (69) Total net deferred gains (losses) recognized 69 (74) 40 (148) Income tax (provision) benefit (26) 28 (15) 57 Total net deferred gains (losses) recognized, net of tax $ 43 $ (46) $ 25 $ (91) ————————— Deferred gains (losses) on cross-currency swaps were reclassified from accumulated other comprehensive loss, net , to other income, net , which offsets the re-measurement gains (losses) recognized in other income, net , on the British pound sterling denominated debt.

TWC SHAREHOLDERS' EQUITY (Table

TWC SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2015
Time Warner Cable Shareholders Equity Table [Abstract]
Schedule of Changes in Common Stock	Changes in common stock from January 1 through June 30 are presented below (in millions): 2015 2014 Balance at beginning of period 280.8 277.9 Shares issued under the equity-based compensation plan 2.1 2.9 Shares repurchased and retired — (1.5) Balance at end of period 282.9 279.3
Schedule of Changes in Accumulated Other Comprehensive Income (Loss), Net	Changes in accumulated other comprehensive income (loss), net, included in TWC shareholders' equity from January 1 through June 30 are presented below (in millions): 2015 2014 Balance at beginning of period $ (324) $ 44 Other comprehensive income (loss) before reclassifications, net of tax 22 (74) Amounts reclassified into earnings, net of tax 2 (42) Other comprehensive income (loss), net of tax 24 (116) Balance at end of period $ (300) $ (72) The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net , included in TWC shareholders' equity from January 1 through June 30 (in millions): 2015 2014 Unrealized losses on pension benefit obligation: Balance at beginning of period $ (473) $ (104) Other comprehensive loss before reclassifications, net of tax (14) (25) Amounts reclassified into earnings, net of tax: Amortization of actuarial (gain) loss (a) 21 (1) Income tax (benefit) provision (8) 1 Amortization of actuarial loss, net of tax 13 — Other comprehensive loss, net of tax (1) (25) Balance at end of period $ (474) $ (129) Deferred gains (losses) on cash flow hedges: Balance at beginning of period $ 150 $ 149 Other comprehensive income (loss) before reclassifications, net of tax 36 (49) Amounts reclassified into earnings, net of tax: Effective portion of gain on cash flow hedges (b) (18) (69) Income tax provision 7 27 Effective portion of gain on cash flow hedges, net of tax (11) (42) Other comprehensive income (loss), net of tax 25 (91) Balance at end of period $ 175 $ 58 Other changes: Balance at beginning and end of period $ (1) $ (1) —————————— Amounts are included in the computation of net periodic benefit costs as discussed further in Note 7 . Amounts are recorded in other income, net , in the consolidated statement of operations as discussed further in Note 4 .

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Based Compensation Table [Abstract]
Schedule of Equity-Based Compensation Expense	Equity-based compensation expense recognized for the three and six months ended June 30, 2015 and 2014 was as follows (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Restricted stock units (a) $ 33 $ 38 $ 71 $ 81 Stock options 4 5 8 12 Total equity-based compensation expense (a) $ 37 $ 43 $ 79 $ 93 ————————— Amounts include $8 million and $14 million for the three months ended June 30, 2015 and 2014 , respectively, and $19 million and $23 million f or the six months ended June 30, 2015 and 2014 , respectively , of equity-based compensation expense recognized in merger-related and restructuring costs in the consolidated statement of operations related to certain retention grants (as defined below) .

PENSION COSTS (Tables)

PENSION COSTS (Tables)	6 Months Ended
	Jun. 30, 2015
Pension Costs Table [Abstract]
Schedule of Net Periodic Benefit Costs	T he components of net periodic benefit costs for the three and six months ended June 30, 2015 and 2014 is as follows (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ 57 $ 43 $ 114 $ 86 Interest cost 37 36 73 72 Expected return on plan assets (57) (58) (114) (116) Amounts amortized 11 — 21 (1) Net periodic benefit costs $ 48 $ 21 $ 94 $ 41

MERGER-RELATED AND RESTRUCTUR28

MERGER-RELATED AND RESTRUCTURING COSTS (Tables)	6 Months Ended
	Jun. 30, 2015
Merger Related And Restructuring Costs Table [Abstract]
Schedule of Merger-Related and Restructuring Costs	Merger-related and restructuring costs for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Merger-related costs $ 69 $ 52 $ 93 $ 115 Restructuring costs 13 9 15 26 Total merger-related and restructuring costs $ 82 $ 61 $ 108 $ 141
Schedule of Changes in Merger-Related Accruals by Type of Cost	Changes in accruals for merger-related costs are presented below (in millions): Employee Other Costs Costs Total Remaining liability as of December 31, 2013 $ 3 $ 3 $ 6 Costs incurred 68 75 143 Adjustments (1) — (1) Cash paid (a) (5) (61) (66) Remaining liability as of December 31, 2014 65 17 82 Costs incurred 22 57 79 Costs reimbursed by Charter — (5) (5) Cash paid (81) (40) (121) Remaining liability as of June 30, 2015 (b) $ 6 $ 29 $ 35 ————————— Of the total cash paid in 2014 , $37 million was paid during the six months ended June 30, 2014 . The remaining $35 million liability as of June 30, 2015 is classified as a current liability in the consolidated balance sheet.
Schedule of Changes in Restructuring Reserves by Type of Cost	Changes in restructuring reserves are presented below (in millions): Employee Other Termination Exit Costs Costs Total Remaining liability as of December 31, 2013 $ 39 $ 4 $ 43 Costs incurred 14 16 30 Adjustments (3) — (3) Cash paid (a) (42) (20) (62) Remaining liability as of December 31, 2014 8 — 8 Costs incurred 14 1 15 Cash paid (9) (1) (10) Remaining liability as of June 30, 2015 (b) $ 13 $ — $ 13 ————————— Of the total cash paid in 2014 , $50 million was paid during the six months ended June 30, 2014 . Of the remaining liability as of June 30, 2015 , $8 million is classified as a current liability, with the remaining amount classified as a noncurrent liability in the consolidated balance sheet. Amounts are expected to be paid through March 2019 .

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information Table [Abstract]
Schedule of Segment Information by Segment	Segment information for the three and six months ended June 30, 2015 and 2014 is as follows (in millions): Three Months Ended June 30, 2015 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 4,758 $ 803 $ 431 $ — $ (66) $ 5,926 Operating costs and expenses (2,611) (323) (289) (739) 66 (3,896) Merger-related and restructuring costs — — — (82) — (82) OIBDA $ 2,147 $ 480 $ 142 $ (821) $ — 1,948 Depreciation (885) Amortization (34) Operating Income $ 1,029 Three Months Ended June 30, 2014 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 4,662 $ 691 $ 436 $ — $ (63) $ 5,726 Operating costs and expenses (2,470) (282) (263) (720) 63 (3,672) Merger-related and restructuring costs — — — (61) — (61) OIBDA $ 2,192 $ 409 $ 173 $ (781) $ — 1,993 Depreciation (795) Amortization (35) Operating Income $ 1,163 Six Months Ended June 30, 2015 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 9,420 $ 1,584 $ 829 $ — $ (130) $ 11,703 Operating costs and expenses (5,192) (625) (524) (1,466) 130 (7,677) Merger-related and restructuring costs — — — (108) — (108) OIBDA $ 4,228 $ 959 $ 305 $ (1,574) $ — 3,918 Depreciation (1,737) Amortization (68) Operating Income $ 2,113 Six Months Ended June 30, 2014 Residential Business Other Services Services Operations Shared Intersegment Total Segment Segment Segment Functions Eliminations Consolidated Revenue (a) $ 9,230 $ 1,359 $ 836 $ — $ (117) $ 11,308 Operating costs and expenses (4,906) (548) (490) (1,447) 117 (7,274) Merger-related and restructuring costs — — — (141) — (141) OIBDA $ 4,324 $ 811 $ 346 $ (1,588) $ — 3,893 Depreciation (1,570) Amortization (68) Operating Income $ 2,255 —————————— Revenue derived from outside the U.S. was insignificant in all periods presented. No single customer accounted for a significant amount of revenue in any period presented.
Schedule of Segment Revenue by Source	R evenue for the three and six months ended June 30, 2015 and 2014 was derived from the following sources (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Residential Services revenue: Video $ 2,514 $ 2,546 $ 4,983 $ 5,041 High-speed data 1,742 1,606 3,438 3,164 Voice 478 490 951 986 Other 24 20 48 39 Total Residential Services revenue 4,758 4,662 9,420 9,230 Business Services revenue: Video 95 90 189 179 High-speed data 391 331 767 637 Voice 147 123 289 241 Wholesale transport 120 97 241 198 Other 50 50 98 104 Total Business Services revenue 803 691 1,584 1,359 Other Operations revenue: Advertising 263 272 493 519 Other 168 164 336 317 Total Other Operations revenue 431 436 829 836 Intersegment eliminations (66) (63) (130) (117) Total revenue $ 5,926 $ 5,726 $ 11,703 $ 11,308

ADDITIONAL FINANCIAL INFORMAT30

ADDITIONAL FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2015
Additional Financial Information Table [Abstract]
Schedule of Other Current Assets	Other current assets as of June 30, 2015 and December 31, 2014 consist ed of the following (in millions): June 30, December 31, 2015 2014 Prepaid income taxes $ 43 $ 157 Other prepaid expenses 260 208 Other current assets 27 26 Total other current assets $ 330 $ 391
Schedule of Other Current Liabilities	Other current liabilities as of June 30, 2015 and December 31, 2014 consist ed of the following (in millions): June 30, December 31, 2015 2014 Accrued interest $ 475 $ 486 Accrued compensation and benefits 403 397 Accrued sales and other taxes 353 132 Accrued dividends 215 — Accrued insurance 197 199 Accrued franchise fees 133 151 Other accrued expenses 380 448 Total other current liabilities $ 2,156 $ 1,813
Schedule of Other Income, Net	Other income, net , for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Income from equity-method investments, net $ 6 $ 8 $ 16 $ 22 Gain on settlement of Verizon Wireless agency agreement (a) 120 — 120 — Other 1 — 1 1 Total other income, net $ 127 $ 8 $ 137 $ 23 —————————— In 2011, TWC and Cellco Partnership (doing business as Verizon Wireless) entered into agency agreements that allowed TWC to sell Verizon Wireless-branded wireless service, and Verizon Wireless to sell TWC services. Amount represents the settlement of certain terms of the agency agreement s .
Schedule of Related Party Transactions	T ransactions with related parties ( i. e., equity-method investees) for the three and six months ended June 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Revenue $ 2 $ 2 $ 3 $ 3 Costs and expenses: Programming and content $ (63) $ (48) $ (111) $ (93) Other operating (5) (4) (10) (10) Total costs and expenses $ (68) $ (52) $ (121) $ (103)
Schedule of Supplemental Cash Flow Information	Additional financial information with respect to cash (payments) and receipts for the six months ended June 30, 2015 and 2014 is as follows (in millions): Six Months Ended June 30, 2015 2014 Cash paid for interest $ (750) $ (819) Cash received under interest rate swap contracts 53 74 Cash paid for interest, net $ (697) $ (745) Cash paid for income taxes $ (38) $ (98) Cash refunds of income taxes 3 3 Cash paid for income taxes, net $ (35) $ (95)

CONDENSED CONSOLIDATED FINANCIA

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Statements Table [Abstract]
Schedule of Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet as of June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and equivalents $ 230 $ — $ 250 $ — $ 480 Receivables, net 152 — 877 — 1,029 Receivables from affiliated parties 221 — 27 (248) — Deferred income tax assets 8 — 228 (1) 235 Other current assets 15 40 275 — 330 Total current assets 626 40 1,657 (249) 2,074 Investments in and amounts due from consolidated subsidiaries 45,752 47,821 7,641 (101,214) — Investments — 56 13 — 69 Property, plant and equipment, net — 27 16,577 — 16,604 Intangible assets subject to amortization, net — 18 468 — 486 Intangible assets not subject to amortization — — 26,014 — 26,014 Goodwill — — 3,138 — 3,138 Other assets 440 — 61 — 501 Total assets $ 46,818 $ 47,962 $ 55,569 $ (101,463) $ 48,886 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ — $ 496 $ — $ 496 Deferred revenue and subscriber- related liabilities — — 215 — 215 Payables to affiliated parties 27 218 3 (248) — Accrued programming and content expense — — 968 — 968 Current maturities of long-term debt 313 — 7 — 320 Other current liabilities 972 66 1,119 (1) 2,156 Total current liabilities 1,312 284 2,808 (249) 4,155 Long-term debt 20,601 2,058 73 — 22,732 Deferred income tax liabilities, net 11 223 12,481 — 12,715 Long-term payables to affiliated parties 7,641 14,702 — (22,343) — Other liabilities 226 94 452 — 772 TWC shareholders’ equity: Due to (from) TWC and subsidiaries 8,519 1,673 (10,192) — — Other TWC shareholders’ equity 8,508 28,928 49,943 (78,871) 8,508 Total TWC shareholders’ equity 17,027 30,601 39,751 (78,871) 8,508 Noncontrolling interests — — 4 — 4 Total equity 17,027 30,601 39,755 (78,871) 8,512 Total liabilities and equity $ 46,818 $ 47,962 $ 55,569 $ (101,463) $ 48,886 Condensed Consolidating Balance Sheet as of December 31, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and equivalents $ 481 $ — $ 226 $ — $ 707 Receivables, net 31 — 918 — 949 Receivables from affiliated parties 215 — 27 (242) — Deferred income tax assets 9 — 264 (4) 269 Other current assets 121 46 224 — 391 Total current assets 857 46 1,659 (246) 2,316 Investments in and amounts due from consolidated subsidiaries 44,790 46,401 7,641 (98,832) — Investments — 51 13 — 64 Property, plant and equipment, net — 28 15,962 — 15,990 Intangible assets subject to amortization, net — 5 518 — 523 Intangible assets not subject to amortization — — 26,012 — 26,012 Goodwill — — 3,137 — 3,137 Other assets 385 — 74 — 459 Total assets $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ — $ 567 $ — $ 567 Deferred revenue and subscriber- related liabilities — — 198 — 198 Payables to affiliated parties 27 212 3 (242) — Accrued programming and content expense — — 902 — 902 Current maturities of long-term debt 1,008 — 9 — 1,017 Other current liabilities 529 67 1,221 (4) 1,813 Total current liabilities 1,564 279 2,900 (246) 4,497 Long-term debt 20,564 2,061 76 — 22,701 Deferred income tax liabilities, net 23 214 12,323 — 12,560 Long-term payables to affiliated parties 7,641 14,702 — (22,343) — Other liabilities 154 91 481 — 726 TWC shareholders’ equity: Due to (from) TWC and subsidiaries 8,073 1,216 (9,289) — — Other TWC shareholders’ equity 8,013 27,968 48,521 (76,489) 8,013 Total TWC shareholders’ equity 16,086 29,184 39,232 (76,489) 8,013 Noncontrolling interests — — 4 — 4 Total equity 16,086 29,184 39,236 (76,489) 8,017 Total liabilities and equity $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501
Schedule of Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 5,926 $ — $ 5,926 Costs and expenses: Programming and content — — 1,489 — 1,489 Sales and marketing — — 596 — 596 Technical operations — — 406 — 406 Customer care — — 224 — 224 Other operating — — 1,181 — 1,181 Depreciation — — 885 — 885 Amortization — — 34 — 34 Merger-related and restructuring costs 44 — 38 — 82 Total costs and expenses 44 — 4,853 — 4,897 Operating Income (Loss) (44) — 1,073 — 1,029 Equity in pretax income of consolidated subsidiaries 787 1,153 — (1,940) — Interest income (expense), net (57) (354) 61 — (350) Other income, net 120 1 6 — 127 Income before income taxes 806 800 1,140 (1,940) 806 Income tax provision (343) (337) (306) 643 (343) Net income 463 463 834 (1,297) 463 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 463 $ 463 $ 834 $ (1,297) $ 463 Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 5,726 $ — $ 5,726 Costs and expenses: Programming and content — — 1,341 — 1,341 Sales and marketing — — 544 — 544 Technical operations — — 371 — 371 Customer care — — 207 — 207 Other operating — — 1,209 — 1,209 Depreciation — — 795 — 795 Amortization — — 35 — 35 Merger-related and restructuring costs 8 — 53 — 61 Total costs and expenses 8 — 4,555 — 4,563 Operating Income (Loss) (8) — 1,171 — 1,163 Equity in pretax income of consolidated subsidiaries 879 1,224 — (2,103) — Interest income (expense), net (49) (352) 52 — (349) Other income, net — 4 4 — 8 Income before income taxes 822 876 1,227 (2,103) 822 Income tax provision (323) (341) (323) 664 (323) Net income 499 535 904 (1,439) 499 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 499 $ 535 $ 904 $ (1,439) $ 499 Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 11,703 $ — $ 11,703 Costs and expenses: Programming and content — — 2,908 — 2,908 Sales and marketing — — 1,155 — 1,155 Technical operations — — 805 — 805 Customer care — — 450 — 450 Other operating — — 2,359 — 2,359 Depreciation — — 1,737 — 1,737 Amortization — — 68 — 68 Merger-related and restructuring costs 48 — 60 — 108 Total costs and expenses 48 — 9,542 — 9,590 Operating Income (Loss) (48) — 2,161 — 2,113 Equity in pretax income of consolidated subsidiaries 1,594 2,284 — (3,878) — Interest income (expense), net (114) (704) 120 — (698) Other income, net 120 2 15 — 137 Income before income taxes 1,552 1,582 2,296 (3,878) 1,552 Income tax provision (631) (640) (595) 1,235 (631) Net income 921 942 1,701 (2,643) 921 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 921 $ 942 $ 1,701 $ (2,643) $ 921 Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 11,308 $ — $ 11,308 Costs and expenses: Programming and content — — 2,650 — 2,650 Sales and marketing — — 1,099 — 1,099 Technical operations — — 742 — 742 Customer care — — 412 — 412 Other operating — — 2,371 — 2,371 Depreciation — — 1,570 — 1,570 Amortization — — 68 — 68 Merger-related and restructuring costs 41 — 100 — 141 Total costs and expenses 41 — 9,012 — 9,053 Operating Income (Loss) (41) — 2,296 — 2,255 Equity in pretax income of consolidated subsidiaries 1,703 2,376 — (4,079) — Interest income (expense), net (97) (718) 102 — (713) Other income, net — 9 14 — 23 Income before income taxes 1,565 1,667 2,412 (4,079) 1,565 Income tax provision (587) (625) (618) 1,243 (587) Net income 978 1,042 1,794 (2,836) 978 Less: Net income attributable to noncontrolling interests — — — — — Net income attributable to TWC shareholders $ 978 $ 1,042 $ 1,794 $ (2,836) $ 978
Schedule of Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 463 $ 463 $ 834 $ (1,297) $ 463 Change in accumulated unrealized losses on pension benefit obligation, net of tax (7) — — — (7) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax 43 — — — 43 Other comprehensive income 36 — — — 36 Comprehensive income 499 463 834 (1,297) 499 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 499 $ 463 $ 834 $ (1,297) $ 499 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 499 $ 535 $ 904 $ (1,439) $ 499 Change in accumulated unrealized losses on pension benefit obligation, net of tax (24) — — — (24) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax (46) — — — (46) Other comprehensive loss (70) — — — (70) Comprehensive income 429 535 904 (1,439) 429 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 429 $ 535 $ 904 $ (1,439) $ 429 Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 921 $ 942 $ 1,701 $ (2,643) $ 921 Change in accumulated unrealized losses on pension benefit obligation, net of tax (1) — — — (1) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax 25 — — — 25 Other comprehensive income 24 — — — 24 Comprehensive income 945 942 1,701 (2,643) 945 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 945 $ 942 $ 1,701 $ (2,643) $ 945 Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Net income $ 978 $ 1,042 $ 1,794 $ (2,836) $ 978 Change in accumulated unrealized losses on pension benefit obligation, net of tax (25) — — — (25) Change in accumulated deferred gains (losses) on cash flow hedges, net of tax (91) — — — (91) Other comprehensive loss (116) — — — (116) Comprehensive income 862 1,042 1,794 (2,836) 862 Less: Comprehensive income attributable to noncontrolling interests — — — — — Comprehensive income attributable to TWC shareholders $ 862 $ 1,042 $ 1,794 $ (2,836) $ 862
Schedule of Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2015 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Cash provided (used) by operating activities $ 249 $ (739) $ 3,696 $ — $ 3,206 INVESTING ACTIVITIES Capital expenditures — — (2,397) — (2,397) Proceeds from sale, maturity and Acquisition of intangible assets — (14) (17) — (31) Other investing activities 1 (3) 9 — 7 Cash provided (used) by investing activities 1 (17) (2,405) — (2,421) FINANCING ACTIVITIES Short-term repayments, net (194) — — — (194) Repayments of long-term debt (500) — — — (500) Dividends paid (432) — — — (432) Proceeds from exercise of stock options 106 — — — 106 Excess tax benefit from equity-based compensation 74 — — — 74 Taxes paid in cash in lieu of shares issued for equity-based compensation — — (61) — (61) Net change in investments in and amounts due from consolidated subsidiaries 445 756 (1,201) — — Other financing activities — — (5) — (5) Cash provided (used) by financing activities (501) 756 (1,267) — (1,012) Increase (decrease) in cash and equivalents (251) — 24 — (227) Cash and equivalents at beginning of period 481 — 226 — 707 Cash and equivalents at end of period $ 230 $ — $ 250 $ — $ 480 Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2014 Non- Parent Guarantor Guarantor TWC Company Subsidiary Subsidiaries Eliminations Consolidated Cash provided (used) by operating activities $ 161 $ (690) $ 3,621 $ — $ 3,092 INVESTING ACTIVITIES Capital expenditures — — (2,074) — (2,074) Proceeds from sale, maturity and Acquisition of intangible assets — (3) (21) — (24) Other investing activities 18 (4) 17 — 31 Cash provided (used) by investing activities 18 (7) (2,078) — (2,067) FINANCING ACTIVITIES Short-term borrowings, net 1,147 — — — 1,147 Repayments of long-term debt (1,750) — — — (1,750) Repayments of long-term debt assumed in Dividends paid (428) — — — (428) Repurchases of common stock (259) — — — (259) Proceeds from exercise of stock options 118 — — — 118 Excess tax benefit from equity-based compensation 99 — — — 99 Taxes paid in cash in lieu of shares issued for equity-based compensation — — (68) — (68) Net change in investments in and amounts due from consolidated subsidiaries 763 697 (1,460) — — Other financing activities (1) — (5) — (6) Cash provided (used) by financing activities (311) 697 (1,533) — (1,147) Increase (decrease) in cash and equivalents (132) — 10 — (122) Cash and equivalents at beginning of period 316 — 209 — 525 Cash and equivalents at end of period $ 184 $ — $ 219 $ — $ 403

DESCRIPTION OF BUSINESS AND B32

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details) - 6 months ended Jun. 30, 2015 - $ / shares	Total
Description Of Business And Basis Of Presentation Details [Abstract]
Amount of cash per share to be received upon conversion upon stockholder electing the first of two options	$ 100
Number of shares to be received upon conversion upon stockholder electing the first of two options	0.5409
Amount of cash per share to be received upon conversion upon stockholder electing the second of two options	$ 115
Number of shares to be received upon conversion upon stockholder electing the second of two options	0.4562

RECENT ACCOUNTING STANDARDS (De

RECENT ACCOUNTING STANDARDS (Details) $ in Millions	Jun. 30, 2015USD ($)
Recent Accounting Standards Details [Abstract]
Debt issuance costs capitalized, net of accumulated amortization	$ 97
Current portion of debt issuance costs capitalized, net of accumulated amortization	$ 10

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Details [Abstract]
Net income attributable to TWC common shareholders	$ 459	$ 494	$ 909	$ 969
Net income allocated to participating securities	4	5	12	9
Net income attributable to TWC shareholders	$ 463	$ 499	$ 921	$ 978
Weighted-average common shares outstanding - basic (in shares)	282.7	278.8	282.1	278.3
Dilutive effect of nonparticipating equity awards (in shares)	0.9	1.8	1	1.9
Dilutive effect of participating equity awards (in shares)	2.2	1.8	2.3	1.9
Weighted-average common shares outstanding - diluted (in shares)	285.8	282.4	285.4	282.1
Net income per common share attributable to TWC common shareholders - basic (in US dollars per share)	$ 1.62	$ 1.77	$ 3.22	$ 3.48
Net income per common share attributable to TWC common shareholders - diluted (in US dollars per share)	$ 1.62	$ 1.76	$ 3.21	$ 3.46
Antidilutive securities excluded from earnings per share computation (in shares)	0.8		0.8

DERIVATIVE FINANCIAL INSTRUME35

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details) £ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015GBP (£)	Dec. 31, 2014USD ($)
Derivative Financial Instruments
Derivative assets subject to master netting arrangements recorded gross	$ 349		$ 349			$ 290
Derivative liabilities subject to master netting arrangements recorded gross	8		8			19
Deferred gains (losses) recognized (cash flow hedges)	184	$ (17)	58	$ (79)
Deferred gains reclassified into earnings (cash flow hedges)	(115)	(57)	(18)	(69)
Total net deferred gains (losses) recognized (cash flow hedges)	69	(74)	40	(148)
Income tax (provision) benefit (cash flow hedges)	(26)	28	(15)	57
Total net deferred gains (losses) recognized, net of tax (cash flow hedges)	43	$ (46)	25	$ (91)
Carrying value of senior notes and debentures	22,659		22,659			23,126
Fair value of senior notes and debentures	24,362		24,362			27,842
Interest Rate Swaps [Member]
Derivative Financial Instruments
Derivative assets subject to master netting arrangements recorded gross	94		94			93
Derivative liabilities subject to master netting arrangements recorded gross	8		8			19
Notional amount of derivative financial instrument	$ 5,600		$ 5,600			$ 6,100
Weighted-average variable interest rate (pay)	5.14%		5.14%		5.14%	4.78%
Weighted-average fixed interest rate (receive)	6.86%		6.86%		6.86%	6.58%
Interest Rate Swaps [Member] | Other Current Assets [Member]
Derivative Financial Instruments
Derivative assets subject to master netting arrangements recorded gross						$ 1
Cross-Currency Swaps [Member]
Derivative Financial Instruments
Derivative assets subject to master netting arrangements recorded gross	$ 255		$ 255			197
Derivative liabilities subject to master netting arrangements recorded gross	$ 0		$ 0			$ 0
Notional amount of derivative financial instrument | £					£ 1,275

TWC SHAREHOLDERS' EQUITY (Detai

TWC SHAREHOLDERS' EQUITY (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Time Warner Cable Shareholders Equity [Abstract]
Common stock shares outstanding at beginning of period (in shares)			280.8	277.9
Shares issued under the equity-based compensation plan (in shares)			2.1	2.9
Shares repurchased and retired (in shares)			0	1.5
Common stock shares outstanding at end of period (in shares)	282.9	279.3	282.9	279.3
Value of common stock authorized to be repurchased	$ 4,000		$ 4,000
Remaining value of common stock authorized to be repurchased	2,723		2,723
Accumulated Other Comprehensive Income (Loss), Net
Balance at beginning of period			(324)	$ 44
Other comprehensive income (loss) before reclassifications, net of tax			22	(74)
Amounts reclassified into earnings, net of tax			2	(42)
Other comprehensive income (loss)	36	$ (70)	24	(116)
Balance at end of period	(300)	(72)	(300)	(72)
Unrealized Losses on Pension Benefit Obligation [Member]
Accumulated Other Comprehensive Income (Loss), Net
Balance at beginning of period			(473)	(104)
Other comprehensive income (loss) before reclassifications, net of tax			(14)	(25)
Amounts reclassified into earnings, before tax			21	(1)
Income tax (benefit) provision			(8)	1
Amounts reclassified into earnings, net of tax			13	0
Other comprehensive income (loss)			(1)	(25)
Balance at end of period	(474)	(129)	(474)	(129)
Deferred Gains (Losses) on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Net
Balance at beginning of period			150	149
Other comprehensive income (loss) before reclassifications, net of tax			36	(49)
Amounts reclassified into earnings, before tax			(18)	(69)
Income tax (benefit) provision			7	27
Amounts reclassified into earnings, net of tax			(11)	(42)
Other comprehensive income (loss)			25	(91)
Balance at end of period	175	58	175	58
Other Changes [Member]
Accumulated Other Comprehensive Income (Loss), Net
Balance at beginning of period			(1)	(1)
Balance at end of period	$ (1)	$ (1)	$ (1)	$ (1)

EQUITY-BASED COMPENSATION (Deta

EQUITY-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Equity Based Compensation Details [Abstract]
Number of shares authorized for grant (in shares)	20,000		20,000
Number of shares available for grant (in shares)	8,200		8,200
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Equity-based compensation expense	$ 37	$ 43	$ 79	$ 93
Equity-based compensation expense classified as merger-related costs	8	14	$ 19	$ 23	$ 56
Number of unvested restricted stock units granted (in shares)			839	3,676
Weighted-average grant date fair value, restricted stock units granted (in US dollars per share)			$ 177.65	$ 135.42
Number of options granted (in shares)			0	0
Restricted Stock Units [Member]
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Equity-based compensation expense	33	38	$ 71	$ 81
Total unrecognized compensation cost	510		$ 510
Total unrecognized compensation cost, period for recognition			3 years 10 months 14 days
Award vesting percentage			50.00%
Award vesting period, directors			3 years
Restricted Stock Units [Member] | Minimum [Member]
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Award vesting period			3 years
Restricted Stock Units [Member] | Maximum [Member]
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Award vesting period			4 years
Stock Options [Member]
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Equity-based compensation expense	4	$ 5	$ 8	$ 12
Total unrecognized compensation cost	$ 14		$ 14
Total unrecognized compensation cost, period for recognition			1 year 4 months 15 days
Award vesting period			4 years
Award expiration period			10 years
Performance Based Award [Member]
Equity-Based Compensation Expense & Unrecognized Compensation Cost
Number of unvested restricted stock units granted (in shares)				143
Weighted-average grant date fair value, restricted stock units granted (in US dollars per share)				$ 135.31

PENSION COSTS (Details)

PENSION COSTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Costs Details [Abstract]
Service cost	$ 57	$ 43	$ 114	$ 86
Interest cost	37	36	73	72
Expected return on plan assets	(57)	(58)	(114)	(116)
Amounts amortized	11	0	21	(1)
Net periodic benefit costs	$ 48	$ 21	$ 94	$ 41

MERGER-RELATED AND RESTRUCTUR39

MERGER-RELATED AND RESTRUCTURING COSTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Merger Related And Restructuring Costs Details [Abstract]
Merger-related and restructuring costs	$ 82	$ 61	$ 108	$ 141
Merger-Related Costs
Merger-related costs	69	52	93	115
Accrued merger-related costs, balance at beginning of period			82	6	$ 6
Costs incurred			79		143
Adjustments			(5)		(1)
Cash paid			(121)	(37)	(66)
Accrued merger-related costs, balance at end of period	35		35		82
Remaining liability, current portion	35		35
Equity-based compensation expense classified as merger-related costs	8	14	19	23	56
Restructuring Costs
Restructuring costs	13	$ 9	15	26
Restructuring reserve, balance at beginning of period			8	43	43
Costs incurred			15		30
Adjustments					(3)
Cash paid			(10)	(50)	(62)
Restructuring reserve, balance at end of period	13		13		8
Remaining liability, current portion	8		8
Charter [Member]
Merger-Related Costs
Merger-related costs			56
Comcast [Member]
Merger-Related Costs
Merger-related costs			37	111
DukeNet [Member]
Merger-Related Costs
Merger-related costs				4
Employee Termination Costs [Member]
Restructuring Costs
Restructuring reserve, balance at beginning of period			8	39	39
Costs incurred			14		14
Adjustments					(3)
Cash paid			(9)		(42)
Restructuring reserve, balance at end of period	13		13		8
Other Exit Costs [Member]
Restructuring Costs
Restructuring reserve, balance at beginning of period			0	4	4
Costs incurred			1		16
Adjustments					0
Cash paid			(1)		(20)
Restructuring reserve, balance at end of period	0		0		0
Employee Costs [Member]
Merger-Related Costs
Accrued merger-related costs, balance at beginning of period			65	3	3
Costs incurred			22		68
Adjustments			0		(1)
Cash paid			(81)		(5)
Accrued merger-related costs, balance at end of period	6		6		65
Employee Costs [Member] | Charter [Member]
Merger-Related Costs
Merger-related costs			14
Employee Costs [Member] | Comcast [Member]
Merger-Related Costs
Merger-related costs			27	69
Other Costs [Member]
Merger-Related Costs
Accrued merger-related costs, balance at beginning of period			17	3	3
Costs incurred			57		75
Adjustments			(5)		0
Cash paid			(40)		(61)
Accrued merger-related costs, balance at end of period	$ 29		29		$ 17
Other Costs [Member] | Charter [Member]
Merger-Related Costs
Merger-related costs			42
Other Costs [Member] | Comcast [Member]
Merger-Related Costs
Merger-related costs			$ 10	$ 42

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Segment Information Details [Abstract]
Number of reportable segments			3
Segment Information
Revenue	$ 5,926	$ 5,726	$ 11,703	$ 11,308
Operating costs and expenses	(3,896)	(3,672)	(7,677)	(7,274)
Merger-related and restructuring costs	(82)	(61)	(108)	(141)
OIBDA	1,948	1,993	3,918	3,893
Depreciation	(885)	(795)	(1,737)	(1,570)
Amortization	(34)	(35)	(68)	(68)
Operating Income	1,029	1,163	2,113	2,255
Shared Functions [Member]
Segment Information
Revenue	0	0	0	0
Operating costs and expenses	(739)	(720)	(1,466)	(1,447)
Merger-related and restructuring costs	(82)	(61)	(108)	(141)
OIBDA	(821)	(781)	(1,574)	(1,588)
Intersegment Eliminations [Member]
Segment Information
Revenue	(66)	(63)	(130)	(117)
Operating costs and expenses	66	63	130	117
Merger-related and restructuring costs	0	0	0	0
OIBDA	0	0	0	0
Residential Services Segment [Member]
Segment Information
Revenue	4,758	4,662	9,420	9,230
Operating costs and expenses	(2,611)	(2,470)	(5,192)	(4,906)
Merger-related and restructuring costs	0	0	0	0
OIBDA	2,147	2,192	4,228	4,324
Residential Services Segment [Member] | Video [Member]
Segment Information
Revenue	2,514	2,546	4,983	5,041
Residential Services Segment [Member] | High Speed Data [Member]
Segment Information
Revenue	1,742	1,606	3,438	3,164
Residential Services Segment [Member] | Voice [Member]
Segment Information
Revenue	478	490	951	986
Residential Services Segment [Member] | Other Revenue [Member]
Segment Information
Revenue	24	20	48	39
Business Services Segment [Member]
Segment Information
Revenue	803	691	1,584	1,359
Operating costs and expenses	(323)	(282)	(625)	(548)
Merger-related and restructuring costs	0	0	0	0
OIBDA	480	409	959	811
Business Services Segment [Member] | Video [Member]
Segment Information
Revenue	95	90	189	179
Business Services Segment [Member] | High Speed Data [Member]
Segment Information
Revenue	391	331	767	637
Business Services Segment [Member] | Voice [Member]
Segment Information
Revenue	147	123	289	241
Business Services Segment [Member] | Wholesale Transport [Member]
Segment Information
Revenue	120	97	241	198
Business Services Segment [Member] | Other Revenue [Member]
Segment Information
Revenue	50	50	98	104
Other Operations Segment [Member]
Segment Information
Revenue	431	436	829	836
Operating costs and expenses	(289)	(263)	(524)	(490)
Merger-related and restructuring costs	0	0	0	0
OIBDA	142	173	305	346
Other Operations Segment [Member] | Advertising [Member]
Segment Information
Revenue	263	272	493	519
Other Operations Segment [Member] | Other Revenue [Member]
Segment Information
Revenue	$ 168	$ 164	$ 336	$ 317

ADDITIONAL FINANCIAL INFORMAT41

ADDITIONAL FINANCIAL INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Additional Financial Information Details [Abstract]
Prepaid income taxes	$ 43		$ 43		$ 157
Other prepaid expenses	260		260		208
Other current assets	27		27		26
Total other current assets	330		330		391
Accrued interest	475		475		486
Accrued compensation and benefits	403		403		397
Accrued sales and other taxes	353		353		132
Accrued dividends	215		215		0
Accrued insurance	197		197		199
Accrued franchise fees	133		133		151
Other accrued expenses	380		380		448
Total other current liabilities	2,156		2,156		$ 1,813
Income from equity-method investments, net	6	$ 8	16	$ 22
Gain on settlement of Verizon Wireless agency agreement	120	0	120	0
Other	1	0	1	1
Total other income, net	127	8	137	23
Related Party Transactions
Related party revenue	2	2	3	3
Related party costs and expenses	(68)	(52)	(121)	(103)
Cash paid for interest			(750)	(819)
Cash received under interest rate swap contracts			53	74
Cash paid for interest, net			(697)	(745)
Cash paid for income taxes			(38)	(98)
Cash refunds of income taxes			3	3
Cash paid for income taxes, net			(35)	(95)
Programming and Content [Member]
Related Party Transactions
Related party costs and expenses	(63)	(48)	(111)	(93)
Other Operating [Member]
Related Party Transactions
Related party costs and expenses	$ (5)	$ (4)	$ (10)	$ (10)

CONDENSED CONSOLIDATING FINAN42

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidating Financial Statements
Cash and equivalents	$ 480	$ 403	$ 480	$ 525	$ 707	$ 525
Receivables, net	1,029		1,029		949
Receivables from affiliated parties	0		0		0
Deferred income tax assets	235		235		269
Other current assets	330		330		391
Total current assets	2,074		2,074		2,316
Investments in and amounts due from consolidated subsidiaries	0		0		0
Investments	69		69		64
Property, plant and equipment, net	16,604		16,604		15,990
Intangible assets subject to amortization, net	486		486		523
Intangible assets not subject to amortization	26,014		26,014		26,012
Goodwill	3,138		3,138		3,137
Other assets	501		501		459
Total assets	48,886		48,886		48,501
Accounts payable	496		496		567
Deferred revenue and subscriber-related liabilities	215		215		198
Payables to affiliated parties	0		0		0
Accrued programming and content expense	968		968		902
Current maturities of long-term debt	320		320		1,017
Other current liabilities	2,156		2,156		1,813
Total current liabilities	4,155		4,155		4,497
Long-term debt	22,732		22,732		22,701
Deferred income tax liabilities, net	12,715		12,715		12,560
Long-term payables to affiliated parties	0		0		0
Other liabilities	772		772		726
Shareholders' equity due to (from) TWC and subsidiaries	0		0		0
Other TWC shareholders' equity	8,508		8,508		8,013
Total TWC shareholders' equity	8,508		8,508		8,013
Noncontrolling interests	4		4		4
Total equity	8,512	7,414	8,512		8,017	6,947
Total liabilities and equity	48,886		48,886		48,501
Revenue	5,926	5,726	11,703	11,308
Programming and content	1,489	1,341	2,908	2,650
Sales and marketing	596	544	1,155	1,099
Technical operations	406	371	805	742
Customer care	224	207	450	412
Other operating	1,181	1,209	2,359	2,371
Depreciation	885	795	1,737	1,570
Amortization	34	35	68	68
Merger-related and restructuring costs	82	61	108	141
Total costs and expenses	4,897	4,563	9,590	9,053
Operating Income	1,029	1,163	2,113	2,255
Equity in pretax income of consolidated subsidiaries	0	0	0	0
Interest expense	(350)	(349)	(698)	(713)
Other income, net	127	8	137	23
Income before income taxes	806	822	1,552	1,565
Income tax provision	(343)	(323)	(631)	(587)
Net income	463	499	921	978
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	463	499	921	978
Net income	463	499	921	978
Change in accumulated unrealized losses on pension benefit obligation, net of tax	(7)	(24)	(1)	(25)
Change in accumulated deferred gains (losses) on cash flow hedges, net of tax	43	(46)	25	(91)
Other comprehensive income (loss)	36	(70)	24	(116)
Comprehensive income	499	429	945	862
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	499	429	945	862
Cash provided (used) by operating activities			3,206	3,092
Capital expenditures			(2,397)	(2,074)
Acquisition of intangible assets			(31)	(24)
Other investing activities			7	31
Cash used by investing activities			(2,421)	(2,067)
Short-term borrowings (repayments), net			(194)	1,147
Repayments of long-term debt			(500)	(1,750)
Dividends paid			(432)	(428)
Repurchases of common stock			0	(259)
Proceeds from exercise of stock options			106	118
Excess tax benefit from equity-based compensation			74	99
Taxes paid in cash in lieu of shares issued for equity-based compensation			(61)	(68)
Net change in investments in and amounts due to and from consolidated subsidiaries			0	0
Other financing activities			(5)	(6)
Cash used by financing activities			(1,012)	(1,147)
Decrease in cash and equivalents			(227)	(122)
Cash and equivalents at beginning of period			707	525
Cash and equivalents at end of period	480	403	480	403
Eliminations [Member]
Condensed Consolidating Financial Statements
Cash and equivalents	0	0	0	0	0	0
Receivables, net	0		0		0
Receivables from affiliated parties	(248)		(248)		(242)
Deferred income tax assets	(1)		(1)		(4)
Other current assets	0		0		0
Total current assets	(249)		(249)		(246)
Investments in and amounts due from consolidated subsidiaries	(101,214)		(101,214)		(98,832)
Investments	0		0		0
Property, plant and equipment, net	0		0		0
Intangible assets subject to amortization, net	0		0		0
Intangible assets not subject to amortization	0		0		0
Goodwill	0		0		0
Other assets	0		0		0
Total assets	(101,463)		(101,463)		(99,078)
Accounts payable	0		0		0
Deferred revenue and subscriber-related liabilities	0		0		0
Payables to affiliated parties	(248)		(248)		(242)
Accrued programming and content expense	0		0		0
Current maturities of long-term debt	0		0		0
Other current liabilities	(1)		(1)		(4)
Total current liabilities	(249)		(249)		(246)
Long-term debt	0		0		0
Deferred income tax liabilities, net	0		0		0
Long-term payables to affiliated parties	(22,343)		(22,343)		(22,343)
Other liabilities	0		0		0
Shareholders' equity due to (from) TWC and subsidiaries	0		0		0
Other TWC shareholders' equity	(78,871)		(78,871)		(76,489)
Total TWC shareholders' equity	(78,871)		(78,871)		(76,489)
Noncontrolling interests	0		0		0
Total equity	(78,871)		(78,871)		(76,489)
Total liabilities and equity	(101,463)		(101,463)		(99,078)
Revenue	0	0	0	0
Programming and content	0	0	0	0
Sales and marketing	0	0	0	0
Technical operations	0	0	0	0
Customer care	0	0	0	0
Other operating	0	0	0	0
Depreciation	0	0	0	0
Amortization	0	0	0	0
Merger-related and restructuring costs	0	0	0	0
Total costs and expenses	0	0	0	0
Operating Income	0	0	0	0
Equity in pretax income of consolidated subsidiaries	(1,940)	(2,103)	(3,878)	(4,079)
Interest expense	0	0	0	0
Other income, net	0	0	0	0
Income before income taxes	(1,940)	(2,103)	(3,878)	(4,079)
Income tax provision	643	664	1,235	1,243
Net income	(1,297)	(1,439)	(2,643)	(2,836)
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	(1,297)	(1,439)	(2,643)	(2,836)
Net income	(1,297)	(1,439)	(2,643)	(2,836)
Change in accumulated unrealized losses on pension benefit obligation, net of tax	0	0	0	0
Change in accumulated deferred gains (losses) on cash flow hedges, net of tax	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Comprehensive income	(1,297)	(1,439)	(2,643)	(2,836)
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	(1,297)	(1,439)	(2,643)	(2,836)
Cash provided (used) by operating activities			0	0
Capital expenditures			0	0
Acquisition of intangible assets			0	0
Other investing activities			0	0
Cash used by investing activities			0	0
Short-term borrowings (repayments), net			0	0
Repayments of long-term debt			0	0
Dividends paid			0	0
Repurchases of common stock				0
Proceeds from exercise of stock options			0	0
Excess tax benefit from equity-based compensation			0	0
Taxes paid in cash in lieu of shares issued for equity-based compensation			0	0
Net change in investments in and amounts due to and from consolidated subsidiaries			0	0
Other financing activities			0	0
Cash used by financing activities			0	0
Decrease in cash and equivalents			0	0
Cash and equivalents at beginning of period			0	0
Cash and equivalents at end of period	0	0	0	0
Parent Company [Member]
Condensed Consolidating Financial Statements
Cash and equivalents	230	184	230	184	481	316
Receivables, net	152		152		31
Receivables from affiliated parties	221		221		215
Deferred income tax assets	8		8		9
Other current assets	15		15		121
Total current assets	626		626		857
Investments in and amounts due from consolidated subsidiaries	45,752		45,752		44,790
Investments	0		0		0
Property, plant and equipment, net	0		0		0
Intangible assets subject to amortization, net	0		0		0
Intangible assets not subject to amortization	0		0		0
Goodwill	0		0		0
Other assets	440		440		385
Total assets	46,818		46,818		46,032
Accounts payable	0		0		0
Deferred revenue and subscriber-related liabilities	0		0		0
Payables to affiliated parties	27		27		27
Accrued programming and content expense	0		0		0
Current maturities of long-term debt	313		313		1,008
Other current liabilities	972		972		529
Total current liabilities	1,312		1,312		1,564
Long-term debt	20,601		20,601		20,564
Deferred income tax liabilities, net	11		11		23
Long-term payables to affiliated parties	7,641		7,641		7,641
Other liabilities	226		226		154
Shareholders' equity due to (from) TWC and subsidiaries	8,519		8,519		8,073
Other TWC shareholders' equity	8,508		8,508		8,013
Total TWC shareholders' equity	17,027		17,027		16,086
Noncontrolling interests	0		0		0
Total equity	17,027		17,027		16,086
Total liabilities and equity	46,818		46,818		46,032
Revenue	0	0	0	0
Programming and content	0	0	0	0
Sales and marketing	0	0	0	0
Technical operations	0	0	0	0
Customer care	0	0	0	0
Other operating	0	0	0	0
Depreciation	0	0	0	0
Amortization	0	0	0	0
Merger-related and restructuring costs	44	8	48	41
Total costs and expenses	44	8	48	41
Operating Income	(44)	(8)	(48)	(41)
Equity in pretax income of consolidated subsidiaries	787	879	1,594	1,703
Interest expense	(57)	(49)	(114)	(97)
Other income, net	120	0	120	0
Income before income taxes	806	822	1,552	1,565
Income tax provision	(343)	(323)	(631)	(587)
Net income	463	499	921	978
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	463	499	921	978
Net income	463	499	921	978
Change in accumulated unrealized losses on pension benefit obligation, net of tax	(7)	(24)	(1)	(25)
Change in accumulated deferred gains (losses) on cash flow hedges, net of tax	43	(46)	25	(91)
Other comprehensive income (loss)	36	(70)	24	(116)
Comprehensive income	499	429	945	862
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	499	429	945	862
Cash provided (used) by operating activities			249	161
Capital expenditures			0	0
Acquisition of intangible assets			0	0
Other investing activities			1	18
Cash used by investing activities			1	18
Short-term borrowings (repayments), net			(194)	1,147
Repayments of long-term debt			(500)	(1,750)
Dividends paid			(432)	(428)
Repurchases of common stock				(259)
Proceeds from exercise of stock options			106	118
Excess tax benefit from equity-based compensation			74	99
Taxes paid in cash in lieu of shares issued for equity-based compensation			0	0
Net change in investments in and amounts due to and from consolidated subsidiaries			445	763
Other financing activities			0	(1)
Cash used by financing activities			(501)	(311)
Decrease in cash and equivalents			(251)	(132)
Cash and equivalents at beginning of period			481	316
Cash and equivalents at end of period	230	184	230	184
Guarantor Subsidiary [Member]
Condensed Consolidating Financial Statements
Cash and equivalents	0	0	0	0	0	0
Receivables, net	0		0		0
Receivables from affiliated parties	0		0		0
Deferred income tax assets	0		0		0
Other current assets	40		40		46
Total current assets	40		40		46
Investments in and amounts due from consolidated subsidiaries	47,821		47,821		46,401
Investments	56		56		51
Property, plant and equipment, net	27		27		28
Intangible assets subject to amortization, net	18		18		5
Intangible assets not subject to amortization	0		0		0
Goodwill	0		0		0
Other assets	0		0		0
Total assets	47,962		47,962		46,531
Accounts payable	0		0		0
Deferred revenue and subscriber-related liabilities	0		0		0
Payables to affiliated parties	218		218		212
Accrued programming and content expense	0		0		0
Current maturities of long-term debt	0		0		0
Other current liabilities	66		66		67
Total current liabilities	284		284		279
Long-term debt	2,058		2,058		2,061
Deferred income tax liabilities, net	223		223		214
Long-term payables to affiliated parties	14,702		14,702		14,702
Other liabilities	94		94		91
Shareholders' equity due to (from) TWC and subsidiaries	1,673		1,673		1,216
Other TWC shareholders' equity	28,928		28,928		27,968
Total TWC shareholders' equity	30,601		30,601		29,184
Noncontrolling interests	0		0		0
Total equity	30,601		30,601		29,184
Total liabilities and equity	47,962		47,962		46,531
Revenue	0	0	0	0
Programming and content	0	0	0	0
Sales and marketing	0	0	0	0
Technical operations	0	0	0	0
Customer care	0	0	0	0
Other operating	0	0	0	0
Depreciation	0	0	0	0
Amortization	0	0	0	0
Merger-related and restructuring costs	0	0	0	0
Total costs and expenses	0	0	0	0
Operating Income	0	0	0	0
Equity in pretax income of consolidated subsidiaries	1,153	1,224	2,284	2,376
Interest expense	(354)	(352)	(704)	(718)
Other income, net	1	4	2	9
Income before income taxes	800	876	1,582	1,667
Income tax provision	(337)	(341)	(640)	(625)
Net income	463	535	942	1,042
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	463	535	942	1,042
Net income	463	535	942	1,042
Change in accumulated unrealized losses on pension benefit obligation, net of tax	0	0	0	0
Change in accumulated deferred gains (losses) on cash flow hedges, net of tax	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Comprehensive income	463	535	942	1,042
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	463	535	942	1,042
Cash provided (used) by operating activities			(739)	(690)
Capital expenditures			0	0
Acquisition of intangible assets			(14)	(3)
Other investing activities			(3)	(4)
Cash used by investing activities			(17)	(7)
Short-term borrowings (repayments), net			0	0
Repayments of long-term debt			0	0
Dividends paid			0	0
Repurchases of common stock				0
Proceeds from exercise of stock options			0	0
Excess tax benefit from equity-based compensation			0	0
Taxes paid in cash in lieu of shares issued for equity-based compensation			0	0
Net change in investments in and amounts due to and from consolidated subsidiaries			756	697
Other financing activities			0	0
Cash used by financing activities			756	697
Decrease in cash and equivalents			0	0
Cash and equivalents at beginning of period			0	0
Cash and equivalents at end of period	0	0	0	0
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Statements
Cash and equivalents	250	219	250	219	226	$ 209
Receivables, net	877		877		918
Receivables from affiliated parties	27		27		27
Deferred income tax assets	228		228		264
Other current assets	275		275		224
Total current assets	1,657		1,657		1,659
Investments in and amounts due from consolidated subsidiaries	7,641		7,641		7,641
Investments	13		13		13
Property, plant and equipment, net	16,577		16,577		15,962
Intangible assets subject to amortization, net	468		468		518
Intangible assets not subject to amortization	26,014		26,014		26,012
Goodwill	3,138		3,138		3,137
Other assets	61		61		74
Total assets	55,569		55,569		55,016
Accounts payable	496		496		567
Deferred revenue and subscriber-related liabilities	215		215		198
Payables to affiliated parties	3		3		3
Accrued programming and content expense	968		968		902
Current maturities of long-term debt	7		7		9
Other current liabilities	1,119		1,119		1,221
Total current liabilities	2,808		2,808		2,900
Long-term debt	73		73		76
Deferred income tax liabilities, net	12,481		12,481		12,323
Long-term payables to affiliated parties	0		0		0
Other liabilities	452		452		481
Shareholders' equity due to (from) TWC and subsidiaries	(10,192)		(10,192)		(9,289)
Other TWC shareholders' equity	49,943		49,943		48,521
Total TWC shareholders' equity	39,751		39,751		39,232
Noncontrolling interests	4		4		4
Total equity	39,755		39,755		39,236
Total liabilities and equity	55,569		55,569		$ 55,016
Revenue	5,926	5,726	11,703	11,308
Programming and content	1,489	1,341	2,908	2,650
Sales and marketing	596	544	1,155	1,099
Technical operations	406	371	805	742
Customer care	224	207	450	412
Other operating	1,181	1,209	2,359	2,371
Depreciation	885	795	1,737	1,570
Amortization	34	35	68	68
Merger-related and restructuring costs	38	53	60	100
Total costs and expenses	4,853	4,555	9,542	9,012
Operating Income	1,073	1,171	2,161	2,296
Equity in pretax income of consolidated subsidiaries	0	0	0	0
Interest expense	61	52	120	102
Other income, net	6	4	15	14
Income before income taxes	1,140	1,227	2,296	2,412
Income tax provision	(306)	(323)	(595)	(618)
Net income	834	904	1,701	1,794
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to TWC shareholders	834	904	1,701	1,794
Net income	834	904	1,701	1,794
Change in accumulated unrealized losses on pension benefit obligation, net of tax	0	0	0	0
Change in accumulated deferred gains (losses) on cash flow hedges, net of tax	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Comprehensive income	834	904	1,701	1,794
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to TWC shareholders	834	904	1,701	1,794
Cash provided (used) by operating activities			3,696	3,621
Capital expenditures			(2,397)	(2,074)
Acquisition of intangible assets			(17)	(21)
Other investing activities			9	17
Cash used by investing activities			(2,405)	(2,078)
Short-term borrowings (repayments), net			0	0
Repayments of long-term debt			0	0
Dividends paid			0	0
Repurchases of common stock				0
Proceeds from exercise of stock options			0	0
Excess tax benefit from equity-based compensation			0	0
Taxes paid in cash in lieu of shares issued for equity-based compensation			(61)	(68)
Net change in investments in and amounts due to and from consolidated subsidiaries			(1,201)	(1,460)
Other financing activities			(5)	(5)
Cash used by financing activities			(1,267)	(1,533)
Decrease in cash and equivalents			24	10
Cash and equivalents at beginning of period			226	209
Cash and equivalents at end of period	$ 250	$ 219	$ 250	$ 219