The Liberty Braves Group (BATRA) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016
Entity Registrant Name	Liberty Media Corporation
Entity Central Index Key	1,560,385
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Liberty Sirius XM Group | Common Class A
Entity Common Stock, Shares Outstanding		102,276,938
Liberty Sirius XM Group | Common Class B
Entity Common Stock, Shares Outstanding		9,870,966
Liberty Sirius XM Group | Common Class C
Entity Common Stock, Shares Outstanding		222,735,331
Liberty Braves Group | Common Class A
Entity Common Stock, Shares Outstanding		10,227,693
Liberty Braves Group | Common Class B
Entity Common Stock, Shares Outstanding		987,096
Liberty Braves Group | Common Class C
Entity Common Stock, Shares Outstanding		22,273,533
Liberty Media Group | Common Class A
Entity Common Stock, Shares Outstanding		25,569,429
Liberty Media Group | Common Class B
Entity Common Stock, Shares Outstanding		2,467,741
Liberty Media Group | Common Class C
Entity Common Stock, Shares Outstanding		55,684,235

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets, current
Cash and cash equivalents	$ 602	$ 201	$ 1,172	$ 681
Trade and other receivables, net	244	247
Short term marketable securities	61	15
Other current assets	257	228
Total current assets	1,164	691
Investments in available-for-sale securities and other cost investments	560	533
Investments in affiliates, accounted for using the equity method	1,120	1,115
Property and equipment, at cost	2,698	2,587
Accumulated depreciation	(748)	(708)
Property and equipment, net	1,950	1,879
Goodwill	14,345	14,345
FCC licenses	8,600	8,600
Other	1,073	1,073
Intangible assets not subject to amortization	24,018	24,018
Intangible assets subject to amortization, net	1,080	1,097
Other assets	434	465
Total assets	30,326	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	763	758
Current portion of debt	256	255
Deferred revenue	1,880	1,797
Other current liabilities	66	3
Total current liabilities	2,965	2,813
Long-term debt	6,862	6,626
Deferred income tax liabilities	1,788	1,667
Other liabilities	626	561
Total liabilities	$ 12,241	$ 11,667
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Additional paid-in capital	$ 78
Accumulated other comprehensive earnings, net of taxes	(46)	$ (51)
Retained earnings	11,346	10,981
Stockholders' Equity Attributable to Parent, Total	11,381	10,933
Noncontrolling interests in equity of subsidiaries	6,704	7,198
Total equity	18,085	18,131
Total liabilities and equity	30,326	29,798
Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	$ 1	$ 1
Common Class B
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued
Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	$ 2	$ 2

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Long-term Debt, Fair Value	$ 998	$ 995
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Common Class A
Common stock, par or stated value per share	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	102,261,278	102,193,688
Common stock, shares outstanding	102,261,278	102,193,688
Common Class B
Common stock, par or stated value per share	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	9,870,966	9,870,966
Common stock, shares outstanding	9,870,966	9,870,966
Common Class C
Common stock, par or stated value per share	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	222,701,709	222,482,377
Common stock, shares outstanding	222,701,709	222,482,377

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue:
Subscriber revenue	$ 1,009	$ 907
Other revenue	195	174
Total Revenue	1,204	1,081
Revenue and share royalties	252	213
Programming and content	85	62
Customer service and billing	97	92
Other	33	31
Subscriber acquisition costs	132	122
Other operating expense	47	30
Selling, general and administrative	201	202
Legal settlement, net	(511)
Depreciation and amortization	87	84
Total operating costs and expenses	423	836
Operating income (loss)	781	245
Other income (expense):
Interest expense	(84)	(77)
Share of earnings (losses) of affiliates, net	(12)	(37)
Realized and unrealized gains (losses) on financial instruments, net	(8)	(28)
Other, net	7	2
Total other income (expense)	(97)	(140)
Earnings (loss) from continuing operations before income taxes	684	105
Income tax (expense) benefit	(257)	(86)
Net earnings (loss)	427	19
Less net earnings (losses) attributable to the noncontrolling interests	62	38
Net earnings (loss) attributable to Liberty stockholders	$ 365	$ (19)
Earnings Per Share [Abstract]
Series A, B and C common stock, basic	$ 1.09	$ (0.06)
Series A, B and C common stock, diluted	$ 1.08	$ (0.06)

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 427	$ 19
Other comprehensive earnings (loss), net of taxes:
Foreign Currency Translation Adjustment	8
Share of other comprehensive earnings (loss) of equity affiliates		(7)
Other comprehensive earnings (loss)	8	(7)
Comprehensive earnings (loss)	435	12
Less comprehensive earnings (loss) attributable to the noncontrolling interests	65	38
Comprehensive earnings (loss) attributable to Liberty stockholders	$ 370	$ (26)

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 427	$ 19
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	87	84
Stock-based compensation	34	44
Excess tax benefit from stock-based compensation	(73)	(14)
Share of (earnings) loss of affiliates, net	12	37
Realized and unrealized (gains) losses on financial instruments, net	8	28
Losses (gains) on dilution of investment in affiliate	2	1
Deferred income tax expense (benefit)	114	70
Other, net	3	6
Changes in operating assets and liabilities
Current and other assets	(23)	(22)
Payables and other current liabilities	223	62
Net cash provided (used) by operating activities	814	315
Cash flows from investing activities:
Investments in and loans to cost and equity investees	(11)
Proceeds from Sale of Available-for-sale Securities	2	113
Proceeds (payments) from settlement of financial instruments, net		(17)
Capital expended for property and equipment	(67)	(64)
Purchases of short term investments and other marketable securities	(99)	(10)
Sales of short term investments and other marketable securities	53	136
Other investing activities, net	(3)	(14)
Net cash provided (used) by investing activities	(125)	144
Cash flows from financing activities:
Borrowings of debt	335	1,275
Repayments of debt	(111)	(658)
Repurchases of Liberty common stock		(58)
Shares repurchased by subsidiary	(594)	(535)
Excess tax benefit from stock-based compensation	73	14
Taxes paid in lieu of shares issued for stock-based compensation	(4)	(16)
Other financing activities, net	13	10
Net cash provided (used) by financing activities	(288)	32
Net increase (decrease) in cash and cash equivalents	401	491
Cash and cash equivalents at beginning of period	201	681
Cash and cash equivalents at end of period	$ 602	$ 1,172

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Equity - 3 months ended Mar. 31, 2016 - USD ($) $ in Millions	Common StockCommon Class A	Common StockCommon Class C	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interest	Total
Balance at Dec. 31, 2015	$ 1	$ 2		$ (51)	$ 10,981	$ 7,198	$ 18,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest					365	62	427
Other Comprehensive Income (Loss), Net of Tax				5		3	8
Stock-based compensation			$ 21			8	29
Minimum withholding taxes on net share settlements of stock-based compensation			(4)				(4)
Excess tax benefits on stock-based compensation			71			(1)	70
Issuance of stock upon exercise of stock options			4				4
Shares repurchased by subsidiary			(12)			(576)	(588)
Shares issued by subsidiary			(1)			1
Contribution by noncontrolling interest						9	9
Other			(1)				(1)
Balance at Mar. 31, 2016	$ 1	$ 2	$ 78	$ (46)	$ 11,346	$ 6,704	$ 18,085

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(1) Basis of Presentation The accompanying condensed consolidated financial statements include all the accounts of Liberty Media Corporation and its controlled subsidiaries (formerly named Liberty Spinco, Inc.) ("Liberty" or the "Company" unless the context otherwise requires). All significant intercompany accounts and transactions have been eliminated. Liberty, through its ownership of interests in subsidiaries and other companies, is primarily engaged in the media, communications and entertainment industries primarily in North America. The significant subsidiaries include Sirius XM Holdings Inc. ("SIRIUS XM") and Braves Holdings, LLC ("Braves Holdings"). Our significant investment accounted for under the equity method is Live Nation Entertainment, Inc. ("Live Nation"). The accompanying (a) condensed consolidated balance sheet as of December 31, 2015 , which has been derived from audited financial statements, and (b) the interim unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for such periods have been included. The results of operations for any interim period are not necessarily indicative of results for the full year. Additionally, certain prior period amounts have been reclassified for comparability with current period presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in Liberty's Annual Report on Form 10-K for the year ended December 31, 2015 . The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company considers (i) fair value measurement, (ii) accounting for income taxes, (iii) assessments of other-than-temporary declines in fair value of its investments and (iv) the determination of the useful life of SIRIUS XM’s broadcast/transmission system to be its most significant estimates . In March 2016, the Financial Accounting Standards Board ("FASB") issued new accounting guidance on share-based payment accounting. The areas for simplification in this update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, forfeiture calculations, and classification on the statement of cash flows. The amendments in this update are effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, and early adoption is permitted. An entity that elects early adoption must adopt all of the amendments in the same period. We are currently evaluating the impact and timing of adoption of this guidance on our consolidated financial statements. In February 2016, the FASB issued new accounting guidance on lease accounting. This guidance requires a company to recognize lease assets and lease liabilities arising from operating leases in the statement of financial position. This guidance does not significantly change the previous lease guidance for how a lessee should account for leases. Additionally, the criteria for classifying a lease as a finance lease versus an operating lease are substantially the same as the previous guidance. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and early adoption is permitted. We plan to adopt this guidance on January 1, 2019. Companies are required to use a modified retrospective approach to adopt this guidance. We are currently evaluating the impact of the adoption of this new guidance on our consolidated financial statements. In January 2016, the FASB issued new accounting guidance that is intended to improve the recognition and measurement of financial instruments. The new guidance requires equity investments with readily determinable fair values (except those accounted for under the equity method of accounting or those that result in consolidation) to be measured at fair value with changes in fair value recognized in net income and simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. The new standard is effective for the Company for fiscal years and interim periods beginning after December 15, 2017. The Company has not yet determined the effect of the standard on its ongoing financial reporting. In May 2014, the FASB issued new accounting guidance on revenue from contracts with customers. The new guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In March 2016, the FASB issued additional guidance which clarifies principal versus agent considerations, and in April 2016, the FASB issued further guidance which clarifies the identification of performance obligations and the implementation guidance for licensing. The updated guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective and permits the use of either a full retrospective or modified retrospective transition method. This guidance is currently effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted only for fiscal years beginning after December 15, 2016. The Company currently does not plan to early adopt this new guidance and is evaluating the effect that the updated standard will have on its revenue recognition and has not yet selected a transition method. Liberty holds investments that are accounted for using the equity method. Liberty does not control the decision making process or business management practices of these affiliates. Accordingly, Liberty relies on management of these affiliates to provide it with accurate financial information prepared in accordance with GAAP that the Company uses in the application of the equity method. In addition, Liberty relies on audit reports that are provided by the affiliates' independent auditors on the financial statements of such affiliates. The Company is not aware, however, of any errors in or possible misstatements of the financial information provided by its equity affiliates that would have a material effect on Liberty's condensed consolidated financial statements. On November 4, 2014, Liberty completed the spin-off to its stockholders common stock of a newly formed company called Liberty Broadband Corporation ("Liberty Broadband") (the “Broadband Spin-Off”). Shares of Liberty Broadband were distributed to the shareholders of Liberty as of a record date of 5:00 p.m., New York City time, on October 29, 2014. Liberty Broadband is comprised of, among other things, (i) Liberty’s former interest in Charter Communications, Inc. (“Charter”), (ii) Liberty’s former subsidiary TruePosition, Inc. (“TruePosition”), (iii) Liberty’s former minority equity investment in Time Warner Cable, Inc. ("Time Warner Cable"), (iv) certain deferred tax liabilities, as well as liabilities related to Time Warner Cable call options and (v) initial indebtedness, pursuant to margin loans entered into prior to the completion of the Broadband Spin-Off. Prior to the transaction, Liberty Broadband borrowed funds under margin loans and made a final distribution to Liberty of approximately $300 million in cash. The Broadband Spin-Off was intended to be tax-free to stockholders of Liberty, and in September 2015, Liberty entered into a closing agreement with the IRS which provides that the Broadband Spin-Off qualified for tax-free treatment. In the Broadband Spin-Off, record holders of Liberty’s Series A, Series B and Series C common stock received one share of the corresponding series of Liberty Broadband common stock for every four shares of Liberty common stock held by them as of the record date for the Broadband Spin-Off, with cash paid in lieu of fractional shares. The Company’s former investments in and results of Charter and Time Warner Cable are no longer included in the results of Liberty from the date of the completion of the Broadband Spin-Off forward. Liberty has entered into certain agreements with Liberty Interactive Corporation (“Liberty Interactive”), Starz, Liberty TripAdvisor Holdings, Inc. (“TripCo”) and Liberty Broadband, all of which are separate publicly traded companies, in order to govern relationships between the companies. None of these entities has any stock ownership, beneficial or otherwise, in any of the others. These agreements include Reorganization Agreements (in the case of Starz and Liberty Broadband only), Services Agreements, Facilities Sharing Agreements, a Lease Agreement (in the case of Starz only) and Tax Sharing Agreements (in the case of Starz and Liberty Broadband only). The Reorganization Agreements provide for, among other things, provisions governing the relationships between Liberty and each of Liberty Interactive, Starz and Liberty Broadband, respectively, including certain cross-indemnities. Pursuant to the Services Agreements, Liberty provides Liberty Interactive, Starz, TripCo and Liberty Broadband with general and administrative services including legal, tax, accounting, treasury and investor relations support. Liberty Interactive, Starz, TripCo and Liberty Broadband reimburse Liberty for direct, out-of-pocket expenses incurred by Liberty in providing these services and, in the case of Liberty Interactive and Starz, Liberty Interactive's and Starz's respective allocable portion of costs associated with any shared services or personnel based on an estimated percentage of time spent providing services to each respective company, while TripCo and Liberty Broadband pay an annual fee for the provision of these services. Under the Facilities Sharing Agreements, Liberty shares office space and related amenities at its corporate headquarters with Liberty Interactive, TripCo and Liberty Broadband. Under these various agreements approximately $4 million and $3 million of these allocated expenses were reimbursed to Liberty during the three months ended March 31, 2016 and 2015 , respectively. Under the Lease Agreement, Starz leases its corporate headquarters from Liberty. The Lease Agreement with Starz for their corporate headquarters requires a payment of approximately $4 million annually, subject to certain increases based on the Consumer Price Index.

Tracking Stocks

Tracking Stocks	3 Months Ended
	Mar. 31, 2016
Tracking Stocks
Targeted or Tracking Stock [Table Text Block]	(2) Tracking Stocks During November 2015, Liberty’s board of directors authorized management to pursue a recapitalization of the Company’s common stock into three new tracking stock groups, one to be designated as the Liberty Braves common stock, one to be designated as the Liberty Media common stock and one to be designated as the Liberty SiriusXM common stock (the “Recapitalization”), and to cause to be distributed subscription rights related to the Liberty Braves tracking stock following the creation of the new tracking stocks. The Recapitalization was completed on April 15, 2016 and the newly issued shares commenced trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Monday, April 18, 2016. Therefore, as of March 31, 2016 the Recapitalization had not been completed and the operating results prior to the Recapitalization are attributed to Liberty stockholders in the aggregate. Information in the following footnotes has been presented by tracking stock groups to enhance the information provided to users of these financial statements. Following the creation of the tracking stocks, Series A, Series B and Series C Liberty Braves common stock trade under the symbols BATRA/B/K respectively, Series A, Series B and Series C Liberty Media common stock trade under the symbols LMCA/B/K, respectively, and Series A, Series B and Series C Liberty SiriusXM common stock trade under the symbols LSXMA/B/K, respectively. Series A and Series C of each of the Liberty Braves common stock and the Liberty Media common stock trade on the Nasdaq Stock Market and Series B of each of these stocks trades on the OTC Markets. In addition, each series (Series A, Series B and Series C) of the Liberty SiriusXM common stock trades on the Nasdaq Global Select Market. In the Recapitalization, each issued and outstanding share of Liberty’s existing common stock was reclassified and exchanged for (a) 1 share of the corresponding series of Liberty SiriusXM common stock, (b) 0.1 of a share of the corresponding series of Liberty Braves common stock and (c) 0.25 of a share of the corresponding series of Liberty Media common stock on April 15, 2016. Cash was paid in lieu of the issuance of any fractional shares. In addition, following the creation of the new tracking stocks, Liberty expects to distribute to holders of its Liberty Braves common stock subscription rights to acquire shares of Series C Liberty Braves common stock. The record date, distribution date, and distribution ratio for the distribution of subscription rights have not been finalized. The Company expects to issue subscription rights to raise capital to repay the Intergroup Note (as defined below) and for working capital purposes. The subscription rights will enable the holders to acquire shares of Series C Liberty Braves common stock at a 20% discount to the volume weighted average trading price of the Series C Liberty Braves common stock. Liberty expects the subscription rights to be publicly traded, once the exercise price has been established and the rights offering to expire twenty trading days following its commencement. The rights offering is subject to various conditions. Additionally, as a result of the Recapitalization, the Convertible Notes (note 9) will be convertible into cash based on the product of the conversion rate specified in the indenture and the basket of tracking stocks into which each outstanding share of Series A Liberty common stock has been reclassified (the “Securities Basket”). Furthermore, the Company is currently in discussions with the counterparties with regard to adjustments related to the Recapitalization to the outstanding Series A common stock warrants as well as the outstanding cash convertible note hedges and purchased call options. A tracking stock is a type of common stock that the issuing company intends to reflect or "track" the economic performance of a particular business or "group," rather than the economic performance of the company as a whole. While the Liberty SiriusXM Group, Liberty Braves Group and Liberty Media Group have separate collections of businesses, assets and liabilities attributed to them, no group is a separate legal entity and therefore cannot own assets, issue securities or enter into legally binding agreements. Therefore, the Liberty SiriusXM Group, Liberty Braves Group and Liberty Media Group do not represent separate legal entities, but rather represent those businesses, assets and liabilities that have been attributed to each respective group. Holders of tracking stock have no direct claim to the group's stock or assets and are not represented by separate boards of directors. Instead, holders of tracking stock are stockholders of the parent corporation, with a single board of directors and subject to all of the risks and liabilities of the parent corporation. The Liberty SiriusXM common stock is intended to track and reflect the separate economic performance of the businesses, assets and liabilities attributed to the Liberty SiriusXM Group. Liberty attributed to the Liberty SiriusXM Group its subsidiary SIRIUS XM, corporate cash of $50 million and its margin loan obligation incurred by a wholly-owned special purpose subsidiary of Liberty. The Liberty Braves common stock is intended to track and reflect the separate economic performance of the businesses, assets and liabilities attributed to the Liberty Braves Group. Liberty attributed to the Liberty Braves Group its subsidiary, Braves Holdings, LLC (“Braves Holdings”), which indirectly owns the Atlanta Braves Major League Baseball Club (“ANLBC”) and certain assets and liabilities associated with ANLBC’s stadium and mixed use development project (the “Development Project”), corporate cash of $50 million and all liabilities arising under a note from Braves Holdings to Liberty, with a total capacity of up to $165 million of borrowings by Braves Holdings (the “Intergroup Note”) relating to funds to be borrowed and used for investment in the Development Project. As of March 31, 2016 , and December 31, 2015 , $101 million and $31 million , respectively, was outstanding under the Intergroup Note. The Intergroup Note is expected to be repaid using proceeds from the proposed subscription rights offering (as described in more detail below). Any remaining proceeds from the rights offering will be attributed to the Liberty Braves Group. The Liberty Media common stock is intended to track and reflect the separate economic performance of the businesses, assets and liabilities attributed to the Liberty Media Group. Liberty attributed to the Liberty Media Group all of the businesses, assets and liabilities of Liberty other than those specifically attributed to the Liberty Braves Group or the Liberty SiriusXM Group, including Liberty’s interests in Live Nation, minority equity investments in Time Warner, Inc. and Viacom, Inc., the Intergroup Note, the recovery received in connection with the Vivendi lawsuit, cash, a 20% interest in the Liberty Braves Group as well as Liberty’s 1.375% Cash Convertible Notes due 2023 and related financial instruments.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Stock-Based Compensation	(3) Stock-Based Compensation Liberty grants, to certain of its directors, employees and employees of its subsidiaries, restricted stock, restricted stock units and stock options to purchase shares of its common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an equity classified Award (such as stock options and restricted stock) based on the grant-date fair value of the Award, and recognizes that cost over the period during which the employee is required to provide service (usually the vesting period of the Award). The Company measures the cost of employee services received in exchange for a liability classified Award based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date. In connection with the Recapitalization, all outstanding Awards with respect to Liberty common stock (“Liberty Awards”) will be adjusted pursuant to the anti-dilution provisions of the incentive plans under which the equity awards were granted, such that a holder of a Liberty Award received new corresponding equity awards relating to shares of one or more of Liberty SiriusXM common stock (a “Liberty Sirius XM Award”), Liberty Braves common stock (a “Liberty Braves Award”) and Liberty Media common stock (a “Liberty Media Award”) (collectively, the “Adjusted Liberty Awards”). The exercise prices and number of shares subject to the Adjusted Liberty Awards will be determined based on 1) the exercise prices and number of shares subject to the Liberty Award, 2) the distribution ratios, 3) the pre-Recapitalization trading price of Liberty common stock and 4) the post-Recapitalization trading prices of Liberty SiriusXM common stock, Liberty Braves common stock and Liberty Media common stock, such that all of the pre-Recapitalization intrinsic value of the Liberty Awards was allocated among the Adjusted Liberty Awards. Included in the accompanying condensed consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to SIRIUS XM, as discussed below: Three months ended March 31, 2016 2015 (amounts in millions) Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $ During the three months ended March 31, 2016 , the Company granted a total of approximately 785 thousand options to purchase shares of Series C common stock. A portion of the options granted was comprised of 10 thousand options with a weighted average grant-date fair value (“GDFV”) of $8.33 per share that vest semi-annually over 4 years. In connection with our CEO’s employment agreement, Liberty granted approximately 775 thousand options of Series C common stock and 39 thousand performance-based restricted stock units of Series C common stock. Such options and restricted stock units had a grant-date fair value of $8 .91 per share and $37.76 per share, respectively . These options mainly vest on December 31, 2016, and the performance-based restricted stock units cliff vest in one year, subject to satisfaction of certain performance objectives. Performance objectives, which are subjective, are considered in determining the timing and amount of the compensation expense recognized. As the satisfaction of the performance objectives becomes probable, the Company records compensation expense. The value of the grant is remeasured at each reporting period. The Company did not grant any options to purchase Series A or Series B common stock during the three months ended March 31, 2016 . Liberty calculates the GDFV for all of its equity classified awards and the subsequent remeasurement of its liability classified and certain performance-based Awards using the Black-Scholes Model. Liberty estimates the expected term of the Awards based on historical exercise and forfeiture data. The volatility used in the calculation for Awards is based on the historical volatility of Liberty common stock and the implied volatility of publicly traded Liberty options. Liberty uses a zero dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject Awards. Liberty—Outstanding Awards The following tables present the number and weighted average exercise price ("WAEP") of Awards to purchase Liberty common stock granted to certain officers, employees and directors of the Company and certain Awards of employees of Starz. Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at March 31, 2016 $ years $ Exercisable at March 31, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at March 31, 2016 $ years $ Exercisable at March 31, 2016 $ years $ As of March 31, 2016 , the total unrecognized compensation cost related to unvested Awards was approximately $62 million . Such amount will be recognized in the Company's condensed consolidated statements of operations over a weighted average period of approximately 2.3 years. As of March 31, 2016 , Liberty reserved 13.2 million shares of Series A and Series C common stock for issuance under exercise privileges of outstanding stock Awards. SIRIUS XM - Stock-based Compensation SIRIUS XM granted various types of stock awards to its employees and members of its board of directors during the three months ended March 31, 2016 . As of March 31, 2016 , SIRIUS XM has approximately 334 million options outstanding of which approximately 116 million are exercisable, each with a weighted-average exercise price per share of $3.28 and $2.43 , respectively. The aggregate intrinsic value of SIRIUS XM options outstanding and exercisable as of March 31, 2016 is $226 million and $176 million, respectively. The stock-based compensation expense related to SIRIUS XM was $24 million and $37 million for the three months ended March 31, 2016 and 2015 , respectively. As of March 31, 2016 , the total unrecognized compensation cost related to unvested SIRIUS XM stock options and restricted stock units was $227 million. The SIRIUS XM unrecognized compensation cost will be recognized in the Company's condensed consolidated statements of operations over a weighted average period of approximately 2.6 years.

Earnings Attributable to Libert

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share	(4) Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Series A, Series B and Series C Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. Liberty Common Stock Three months Three months ended ended March 31, 2016 March 31, 2015 numbers of shares in millions Basic EPS Potentially dilutive shares Diluted EPS Excluded from diluted EPS for the three months ended March 31, 2016 are 24 million potential common shares because their inclusion would be antidilutive.

Assets And Liabilities Measured

Assets And Liabilities Measured At Fair Value	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets And Liabilities Measured At Fair Value	(5) Assets and Liabilities Measured at Fair Value For assets and liabilities required to be reported at fair value, GAAP provides a hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs, other than quoted market prices included within Level 1, that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. Liberty does not have any assets or liabilities required to be measured at fair value considered to be Level 3. Liberty's assets and liabilities measured at fair value are as follows: Fair Value Measurements at Fair Value Measurements at March 31, 2016 December 31, 2015 Quoted Quoted prices prices in active Significant in active Significant markets other markets other for identical observable for identical observable assets inputs assets inputs Description Total (Level 1) (Level 2) Total (Level 1) (Level 2) amounts in millions Cash equivalents $ — — Short term marketable securities $ — — Available-for-sale securities $ Financial instrument assets $ — — Debt $ — — The majority of Liberty's Level 2 financial assets and debt are primarily investments in debt related instruments and certain derivative instruments. The Company notes that these assets and liabilities are not always traded publicly or not considered to be traded on "active markets," as defined in GAAP. The fair values for such instruments are derived from a typical model using observable market data as the significant inputs or a trading price of a similar asset or liability is utilized. Accordingly, those available-for-sale securities, financial instruments and debt or debt related instruments are reported in the foregoing table as Level 2 fair value. The financial instrument assets classified as Level 2 in the table above are included in the Other assets line item in the condensed consolidated balance sheets. Realized and Unrealized Gains (Losses) on Financial Instruments Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following: Three months ended March 31, 2016 2015 amounts in millions Fair Value Option Securities $ Cash convertible notes (a) — Change in fair value of bond hedges (a) Other derivatives (b) $ (a) Liberty issued $1 billion of cash convertible notes in October 2013 which are accounted for at fair value (Level 2), as elected by Liberty at the issuance of the notes. Contemporaneously with the issuance of the convertible notes, Liberty entered into privately negotiated cash convertible note hedges, which are expected to offset potential cash payments Liberty would be required to make in excess of the principal amount of the convertible notes, upon conversion of the notes. The bond hedges are marked to market based on the trading price of underlying securities and other observable market data as the significant inputs (Level 2). See note 9 for additional discussion of the convertible notes and the bond hedges. (b) Derivatives are marked to market based on the trading price of underlying securities and other observable market data as the significant inputs (Level 2). During September 2014, Liberty entered into a forward contract to acquire up to 15.9 million shares of Live Nation common stock. Prior to the contract’s original expiration during March 2015, the Company extended the contract through October 15, 2015 with the expiration to occur on the sixtieth day following the completion of the counterparty’s initial hedge, which was November 27, 2015 and settlement occurred on December 2, 2015. The counterparty acquired the maximum number of Live Nation shares of common stock at a volume weighted average share price of $24.93 per share during September 2015. Liberty settled the contract for $396 million paid to the counterparty.

Investments In Available-For-Sa

Investments In Available-For-Sale Securities And Other Cost Investments	3 Months Ended
	Mar. 31, 2016
Investments in Available-for-Sale Securities and Other Cost Investments [Abstract]
Investments in Available-for-Sale Securities and Other Cost Investments	(6) Investments in Available-for-Sale Securities and Other Cost Investments All marketable equity and debt securities held by the Company are classified as available-for-sale ("AFS") and are carried at fair value generally based on quoted market prices. GAAP permits entities to choose to measure many financial instruments, such as AFS securities, and certain other items at fair value and to recognize the changes in fair value of such instruments in the entity's statement of operations (the "fair value option"). The Company previously entered into economic hedges for certain of its non-strategic AFS securities (although such instruments were not accounted for as fair value hedges by the Company). Changes in the fair value of these economic hedges were reflected in the Company's statement of operations as unrealized gains (losses). In order to better match the changes in fair value of the subject AFS securities and the changes in fair value of the corresponding economic hedges in the Company's financial statements, the Company elected the fair value option for those of its AFS securities which it considers to be non-strategic ("Fair Value Option Securities"). Accordingly, changes in the fair value of Fair Value Option Securities, as determined by quoted market prices, are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations. Investments in AFS securities, including Fair Value Option Securities separately aggregated, and other cost investments are summarized as follows: March 31, December 31, 2016 2015 amounts in millions Liberty SiriusXM Group Other AFS and cost investments $ — — Total attributed Liberty Sirius Group — — Liberty Braves Group Other AFS and cost investments Total attributed Liberty Braves Group Liberty Media Group Fair Value Option Securities Time Warner, Inc. (a) Viacom, Inc. (b) Other equity securities Other debt securities Total Fair Value Option Securities AFS and cost investments Live Nation debt securities Other AFS and cost investments Total AFS and cost investments Total attributed Liberty Media Group Consolidated Liberty $ (a) See note 9 for details regarding the number and fair value of shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of March 31, 2016 . (b) During the three months ended March 31, 2015 , Liberty sold 1.3 million shares of Viacom common stock for approximately $86 million in proceeds. Unrealized Holding Gains and Losses There were no unrealized holding gains and losses related to investments in AFS securities as of March 31, 2016 or December 31, 2015 .

Investments In Affiliates Accou

Investments In Affiliates Accounted For Using The Equity Method	3 Months Ended
	Mar. 31, 2016
Investments in Affiliates Accounted for Using the Equity Method
Investments In Affiliates Accounted For Using The Equity Method	(7) Investments in Affiliates Accounted for Using the Equity Method Liberty has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership of the more significant investments in affiliates at March 31, 2016 and the carrying amount at December 31, 2015 : March 31, 2016 December 31, 2015 Percentage Fair Value Carrying Carrying ownership (Level 1) amount amount dollar amounts in millions Liberty SiriusXM Group SIRIUS XM Canada % $ $ Total Liberty SiriusXM Group Liberty Braves Group Other various NA Total Liberty Braves Group Liberty Media Group Live Nation (a) % $ Other various NA Total Liberty Media Group Consolidated Liberty $ (a) See note 9 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of March 31, 2016. The following table presents the Company's share of earnings (losses) of affiliates: Three months ended March 31, 2016 2015 amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ Total Liberty SiriusXM Group Liberty Braves Group Other Total Liberty Braves Group Liberty Media Group Live Nation Other Total Liberty Media Group Consolidated Liberty $ SIRIUS XM Canada SIRIUS XM has entered into agreements to provide SIRIUS XM Canada with the right to offer SIRIUS XM satellite radio service in Canada. The various license and services agreements with SIRIUS XM Canada will expire in 2017 and 2020. SIRIUS XM receives a percentage based royalty of 10% and 15% for certain types of subscription revenue earned by SIRIUS XM Canada for the distribution of Sirius and XM platforms, respectively, royalties for activation fees and premium services and reimbursement for other charges. At March 31, 2016 , SIRIUS XM has approximately $3 million and $10 million in current and noncurrent related party liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in current and noncurrent other liabilities, respectively, in the Company’s condensed consolidated balance sheet. Additionally, SIRIUS XM has approximately $5 million in current related party assets at March 31, 2016 due to activation fees and programming and chipset costs for which SIRIUS XM Canada reimburses SIRIUS XM that are recorded in other current assets in the Company’s condensed consolidated balance sheet. SIRIUS XM recorded approximately $10 million and $14 million in revenue for the three months ended March 31, 2016 and 2015 , respectively, associated with these various agreements in the other revenue line in the condensed consolidated statements of operations. SIRIUS XM Canada declared dividends to SIRIUS XM of $4 million during each of the three months ended March 31, 2016 and 2015 .

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	(8) Intangible Assets Goodwill and Intangible Assets Not Subject to Amortization There were no changes in the carrying amounts of goodwill or other intangible assets not subject to amortization during the three months ended March 31, 2016 . Intangible Assets Subject to Amortization March 31, 2016 December 31, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in millions Customer relationships $ Licensing agreements Other Total $ Amortization expense for intangible assets with finite useful lives was $39 million and $32 million for the three months ended March 31, 2016 and 2015 , respectively. Based on its amortizable intangible assets as of March 31, 2016 , Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): Remainder of 2016 $ 2017 $ 2018 $ 2019 $ 2020 $

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Long-term Debt, Unclassified [Abstract]
Debt	(9) Long-Term Debt Debt is summarized as follows: Outstanding Carrying value Principal March 31, December 31, March 31, 2016 2016 2015 amounts in millions Liberty SiriusXM Group Corporate level notes and loans: Margin Loans $ Subsidiary notes and loans: SIRIUS XM 5.875% Senior Notes due 2020 SIRIUS XM 5.75% Senior Notes due 2021 SIRIUS XM 5.25% Senior Secured Notes due 2022 SIRIUS XM 4.25% Senior Notes due 2020 SIRIUS XM 4.625% Senior Notes due 2023 SIRIUS XM 6% Senior Notes due 2024 SIRIUS XM 5.375% Senior Notes due 2025 SIRIUS XM Credit Facility SIRIUS XM leases Less deferred financing costs Total Liberty SiriusXM Group Liberty Braves Group Subsidiary notes and loans: Notes and loans Less deferred financing costs Total Liberty Braves Group Liberty Media Group Corporate level notes and loans: Liberty 1.375% Cash Convertible Notes due 2023 Other Total Liberty Media Group Total debt $ Less debt classified as current Total long-term debt $ Liberty 1.375% Cash Convertible Notes due 2023 On October 17, 2013, Liberty issued $1 billion aggregate principal amount of 1.375% Cash Convertible Senior Notes due 2023 ("Convertible Notes"). The Convertible Notes will mature on October 15, 2023 unless earlier repurchased by us or converted. Interest on the Convertible Notes is payable semi-annually in arrears on April 15 and October 15 of each year at a rate of 1.375% per annum. All conversion of the Convertible Notes will be settled solely in cash, and not through the delivery of any securities. The initial conversion rate for the Convertible Notes was 5.5882 shares of Series A Liberty common stock per $1,000 principal amount of Convertible Notes, which was equivalent to an initial conversion price of $178.95 per share of Series A Liberty common stock. During the year ended December 31, 2014, in connection with the issuance of Series C Liberty common stock and the Broadband Spin-Off, as discussed in note 1, the conversion rate was adjusted to 21.0859 shares of Series A common stock per $1,000 principal amount of Convertible Notes and an adjusted conversion price of $4 7.43 per share of Series A Liberty common stock. Holders of the Convertible Notes may convert their notes at their option at any time prior to the close of business on the second business day immediately preceding the maturity date of the notes under the following circumstances: (1) during any fiscal quarter after the fiscal quarter ending December 31, 2013, if the last reported sale price of Series A Liberty common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is equal to or more than 130% of the conversion price of the notes on the last day of such preceding fiscal quarter; (2) during the five business ‑ day period after any five consecutive trading day period, which we refer to as the measurement period, in which the trading price per $1,000 principal amount of notes for each trading day of that measurement period was less than 98% of the product of the last reported sale price of Series A Liberty common stock and the applicable conversion rate on each such day; or (3) upon the occurrence of specified corporate transactions. Liberty has elected to account for this instrument using the fair value option. Accordingly, changes in the fair value of this instrument are recognized as unrealized gains (losses) in the statement of operations. As of March 31, 2016 , the Convertible Notes are classified as a long term liability in the condensed consolidated balance sheet, as the conversion conditions have not been met. As a result of the Recapitalization, as discussed in note 2, the Convertible Notes will be convertible into cash based on the product of the conversion rate specified in the indenture and the basket of tracking stocks into which each outstanding share of Series A Liberty common stock has been reclassified (the “Securities Basket”). The supplemental indenture entered into on April 15, 2016 in connection with the Recapitalization amends the conversion, adjustment and other provisions of the indenture to give effect to the Recapitalization and provides that the conversion consideration due upon conversion of any Convertible Note shall be determined as if references in the indenture to one share of Series A Liberty common stock were instead a reference to the Securities Basket, initially consisting of 0.10 of a share of Series A Liberty Braves common stock, 1.0 share of Series A Liberty SiriusXM common stock and 0.25 of a share of Series A Liberty Media common stock. Additionally, contemporaneously with the issuance of the Convertible Notes, Liberty entered into privately negotiated cash convertible note hedges and purchased call options (the “Bond Hedge Transaction”). The Bond Hedge Transaction covered approximately 5,588,200 shares of Series A Liberty common stock, subject to anti-dilution adjustments pertaining to the Convertible Notes, which was equal to the number of shares of Series A Liberty common stock initially underlying the Convertible Notes. The Bond Hedge Transaction is expected to offset potential cash payments Liberty would be required to make in excess of the principal amount of the Convertible Notes, upon conversion of the notes in the event that the volume-weighted average price per share of the Series A Liberty common stock, as measured under the cash convertible note hedge transactions on each trading day of the relevant cash settlement averaging period or other relevant valuation period, is greater than the strike price of $178.95 per share of Series A Liberty common stock, which corresponded to the initial conversion price of the Convertible Notes. During the year ended December 31, 2014, in connection with the issuance of Series C Liberty common stock and the Broadband Spin-Off, as discussed in note 1, the number of shares covered by the Bond Hedge Transaction was adjusted to 21,085,900 shares of Series A Liberty common stock and the strike price was adjusted to $47.43 per share of Series A Liberty common stock, which corresponds to the adjusted conversion price of the Convertible Notes. The Company is currently in discussions with the counterparties with regard to adjustments related to the Recapitalization to the outstanding Series A common stock warrants, as well as the number of shares covered by the Bond Hedge Transaction. The expiration of these instruments is October 15, 2023. The fair value of these instruments is included in Other assets, at cost, net of accumulated amortization as of March 31, 2016 and December 31, 2015 in the accompanying condensed consolidated balance sheets, with changes in the fair value recorded as unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations. The Convertible Notes and Bond Hedge Transaction were attributed to the Liberty Media Group in the Recapitalization. Margin Loans During October 2015, Liberty refinanced a margin loan arrangement for a similar financial instrument with a term loan of $250 million and a $1 billion undrawn line of credit, which is scheduled to mature on October 25, 2016. Shares of SIRIUS XM and Live Nation common stock are pledged as collateral pursuant to this agreement. The new term loan and any drawn portion of the revolver carries an interest rate of LIBOR plus an applicable spread between 1.75% and 2.25% (based on the value of collateral) with the undrawn portion carrying a fee of 0.75% . Borrowings outstanding under this margin loan bore interest at a rate of 1.38% per annum at March 31, 2016 . Other terms of the agreement were substantially similar to the previous arrangement. As of March 31, 2016 , availability under the revolving line of credit was $1 billion. As of March 31, 2016 , the values of shares pledged as collateral pursuant to the $1.25 billion margin loan due 2016 is as follows: Number of Shares Pledged as Collateral as of Share value as of Investment March 31, 2016 March 31, 2016 amounts in millions SIRIUS XM $ Live Nation $ The outstanding margin loan contains various affirmative and negative covenants that restrict the activities of the borrower. The loan agreement does not include any financial covenants. SIRIUS XM Senior Secured Revolving Credit Facility In December 2012, SIRIUS XM entered into a five -year Senior Secured Revolving Credit Facility (the "Credit Facility") with a syndicate of financial institutions for $1,250 million. In June 2015, SIRIUS XM amended the agreement to increase the total borrowing capacity under the Credit Facility to $1,750 million and to extend the maturity to June 2020. The Credit Facility is secured by substantially all SIRIUS XM's assets and the assets of their subsidiaries. Interest on borrowings is payable on a monthly basis and accrues at a rate based on LIBOR plus an applicable rate. SIRIUS XM is required to pay a variable fee on the average daily unused portion of the Credit Facility which as of March 31, 2016 was 0.30% per annum and is payable on a quarterly basis. As of March 31, 2016 , availability under the Credit Facility was $1,150 million . Braves Holdings Notes In 2014, Braves Holdings, through a wholly-owned subsidiary, purchased 82 acres of land for the purpose of constructing a Major League Baseball facility and development of a mixed-use complex adjacent to the ballpark. The new facility is expected to cost approximately $672 million and Braves Holdings expects to spend approximately $50 million in other costs and equipment related to the new ballpark. Funding for the ballpark will be split between Braves Holdings, Cobb County and Cobb-Marietta Coliseum and Exhibit Hall Authority. Cobb-Marietta Coliseum and Exhibit Hall Authority and Cobb County (collectively the “Authority”) will be responsible for funding $392 million of ballpark related construction and Braves Holdings will be responsible for remainder of cost, including cost overruns. Cobb-Marietta Coliseum and Exhibit Hall Authority issued $ 368 million in bonds during September 2015. Braves Holdings received $103 million of the bond proceeds during September 2015 as reimbursement for project costs paid for by Braves Holdings prior to the funding of the bonds. Funding for ballpark initiatives by Braves Holdings has come from cash reserves and utilization of two credit facilities. Additionally, during September 2015, Braves Holdings entered into a $345 million term loan (the “Braves Term Loan”). The Braves Term Loan bears interest at LIBOR plus an applicable spread between 1.50% and 1.75% (based on the debt service coverage ratio) per annum and an unused commitment fee of 0.35% per annum based on the average daily unused portion of the Braves Term Loan, payable quarterly in arrears. The interest rate on the Braves Term Loan was 1.68% as of March 31, 2016 . The Braves Term Loan is scheduled to mature during September 2020. In connection with entering into the Braves Term Loan, Braves Holdings partially repaid and reduced the capacity on one of the credit facilities from $250 million to $75 million for a total capacity under the credit facilities of $175 million. As of March 31, 2016 , the weighted average interest rate on the credit facilities was 1.71% . As of March 31, 2016 , Braves Holdings has borrowed approximately $115 million under the Braves Term Loan and two facilities. Due to Braves Holdings providing the initial funding of the project and its ownership of the land during the initial construction period, until the initial reimbursement by the Authority during September 2015 at which time the land was conveyed to the Authority, Braves Holdings has been deemed the owner (for accounting purposes) of the stadium during the construction period and costs have been classified as construction in progress (“CIP”), within the Property and equipment, net line item. Future costs of the project will continue to be captured in CIP along with a corresponding liability in other liabilities, for amounts funded by the Authority. At the end of construction an additional determination will be made to determine whether the transaction will qualify for sale-leaseback accounting treatment. In addition, Braves Holdings through affiliated entities and outside development partners are in the process of developing land around the ballpark for a mixed-use complex that is expected to feature retail, residential, office, hotel and entertainment opportunities. The estimated cost for mixed-use development is $558 million, of which Braves Holdings affiliated entities are expected to fund approximately $4 90 million, which Braves Holdings intends to fund through a mix of approximately $200 million in equity and $290 million in new debt. In December 2015, certain subsidiaries of Braves Holdings entered into three separate credit facilities totaling $207 million to fund a portion of the mixed use development costs. All of the facilities were undrawn as of March 31, 2016 . The maturity dates of the facilities range between December 2018 and December 2019, and all of the facilities contain two year extension options. Interest rates on the credit facilities bear interest at LIBOR plus an applicable spread between 2.0% and 2.6% , with step-downs upon lease of the mixed use facilities at the completion of construction. As discussed in note 6, 464 thousand Time Warner, Inc. shares were pledged as collateral to these facilities. The fair value of the shares pledged as of March 31, 2016 was $34 million. As of March 31, 2016 , approximately $326 million has been spent to-date on the baseball facility, of which approximately $250 million of funding has been provided by the Authority, and $130 million has been spent to date on the mixed-use development. Debt Covenants The SIRIUS XM Credit Facility contains certain financial covenants related to SIRIUS XM’s leverage ratio. The Braves Term Loan contains certain financial covenants related to Braves Holdings’ debt service coverage ratio and capital expenditures. Additionally, SIRIUS XM’s Credit Facility, the Braves Term Loan and other borrowings contain certain non-financial covenants. The Company, SIRIUS XM and Braves Holdings are in compliance with all debt covenants as of March 31, 2016 . Fair Value of Debt The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level 2), of SIRIUS XM's publicly traded debt securities, not reported at fair value, are as follows (amounts in millions): March 31, 2016 SIRIUS XM 5.875% Senior Notes due 2020 $ SIRIUS XM 5.75% Senior Notes due 2021 $ SIRIUS XM 5.25% Senior Secured Notes due 2022 $ SIRIUS XM 4.25% Senior Notes due 2020 $ SIRIUS XM 4.625% Senior Notes due 2023 $ SIRIUS XM 6% Senior Notes due 2024 $ SIRIUS XM 5.375% Senior Notes due 2025 $ Due to the variable rate nature of the Credit Facility, margin loans and other debt the Company believes that the carrying amount approximates fair value at March 31, 2016 .

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	(10) Commitments and Contingencies Guarantees In connection with agreements for the sale of assets by the Company or its subsidiaries, the Company may retain liabilities that relate to events occurring prior to its sale, such as tax, environmental, litigation and employment matters. The Company generally indemnifies the purchaser in the event that a third party asserts a claim against the purchaser that relates to a liability retained by the Company. These types of indemnification obligations may extend for a number of years. The Company is unable to estimate the maximum potential liability for these types of indemnification obligations as the sale agreements may not specify a maximum amount and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Historically, the Company has not made any significant indemnification payments under such agreements and no amount has been accrued in the accompanying condensed consolidated financial statements with respect to these indemnification guarantees. Employment Contracts The Atlanta Braves and certain of their players and coaches have entered into long-term employment contracts whereby such individuals' compensation is guaranteed. Amounts due under guaranteed contracts as of March 31, 2016 aggregated $273 million, which is payable as follows: $75 million in 2016 , $54 million in 2017, $50 million in 2018, $41 million in 2019 and $53 million thereafter. In addition to the foregoing amounts, certain players and coaches may earn incentive compensation under the terms of their employment contracts. Operating Leases The Company and its subsidiaries lease business offices, have entered into satellite transponder lease agreements and use certain equipment under lease arrangements. Litigation The Company has contingent liabilities related to legal and tax proceedings and other matters arising in the ordinary course of business. Although it is reasonably possible the Company may incur losses upon conclusion of such matters, an estimate of any loss or range of loss cannot be made. In the opinion of management, it is expected that amounts, if any, which may be required to satisfy such contingencies will not be material in relation to the accompanying condensed consolidated financial statements. In connection with a commercial transaction that closed during 2002 among Liberty, Vivendi Universal S.A. (“Vivendi”) and the former USA Holdings, Inc., Liberty brought suit against Vivendi and Universal Studios, Inc. in the United States District Court for the Southern District of New York, alleging, among other things, breach of contract and fraud by Vivendi. On June 25, 2012, a jury awarded Liberty damages in the amount of €765 million, plus prejudgment interest, in connection with a finding of breach of contract and fraud by the defendants. On January 17, 2013, the court entered judgment in favor of Liberty in the amount of approximately €945 million, including prejudgment interest. The parties negotiated a stay of the execution of the judgment during the pendency of the appeal. Vivendi has filed notice of its appeal of the judgment to the United States Court of Appeals for the Second Circuit. During the first quarter of 2016, Liberty entered into a settlement with Vivendi which resulted in a $775 million payment to settle all claims related to the dispute described above. Following the payment of a contingency fee to our legal counsel, as well as amounts payable to Liberty Global plc, an additional plaintiff in the action, Liberty recognized a net pre-tax gain on the legal settlement of approximately $511 million. This settlement resulted in a dismissal of all appeals and mutual releases of the parties. SIRIUS XM is a defendant in several purported class action suits that allege that SIRIUS XM, or call center vendors acting on its behalf, made numerous calls which violate provisions of the Telephone Consumer Protection Act of 1991 (the “TCPA”). The plaintiffs in these actions allege, among other things, that SIRIUS XM called mobile phones using an automatic telephone dialing system without the consumer’s prior consent or, alternatively, after the consumer revoked his or her prior consent. In one of the actions, the plaintiff alleges that SIRIUS XM violated the TCPA’s call time restrictions, and in one of the other actions, the plaintiff also alleges that SRIUS XM violated the TCPA’s do not call restrictions. These purported class action cases are titled Erik Knutson v. Sirius XM Radio Inc. , No. 12-cv-0418-AJB-NLS (S.D. Cal.), Francis W. Hooker v. Sirius XM Radio Inc. , No. 4:13-cv-3 (E.D. Va.), Yefim Elikman v. Sirius XM Radio Inc. and Career Horizons, Inc. , No. 1:15-cv-02093 (N.D. Ill.), and Anthony Parker v. Sirius XM Radio Inc. , No. 8:15-cv-01710-JSM-EAJ (M.D. Fla), and are described in Part I, Item 3., Legal Proceedings, in our Annual Report on Form 10-K for the year ended December 31, 2015. On April 5, 2016, SIRIUS XM entered into a memorandum of understanding to settle these purported class action suits. The settlement is expected to resolve the claims of consumers beginning in February 2008 relating to telemarketing calls to their mobile telephones. As part of this settlement, SIRIUS XM will agree to pay $35 million in cash (from which notice, administration and other costs and attorneys’ fees will be paid), to offer participating class members the option of receiving three months of SIRIUS XM’s Select service for no charge, and to enter into agreements to make modifications to the system architecture of certain of SIRIUS XM’s call center vendors. The memorandum of understanding is subject to the execution of a definitive settlement agreement and court approval, neither of which can be assured. In August 2013, SoundExchange, Inc. filed a complaint in the United States District Court for the District of Columbia alleging that SIRIUS XM underpaid royalties for statutory licenses during the 2007-2012 rate period in violation of the regulations established by the Copyright Royalty Board for that period. SoundExchange principally alleges that SIRIUS XM improperly reduced its calculation of gross revenues, on which the royalty payments are based, by deducting non-recognized revenue attributable to pre-1972 recordings and Premier package revenue that is not “separately charged” as required by the regulations. SoundExchange is seeking compensatory damages of not less than $50 million and up to $100 million or more, payment of late fees and interest, and attorneys’ fees and costs. In August 2014, the United States District Court for the District of Columbia granted SIRIUS XM’s motion to dismiss the complaint without prejudice on the grounds that the case properly should be pursued before the Copyright Royalty Board rather than the district court. In December 2014, SoundExchange filed a petition with the Copyright Royalty Board requesting an order interpreting the applicable regulations. This matter is titled SoundExchange, Inc. v. Sirius XM Radio, Inc. , No.13-cv-1290-RJL (D.D.C.), and Determination of Rates and Terms for Preexisting Subscription Services and Satellite Digital Audio Radio Services , United States Copyright Royalty Board, No. 2006-1 CRB DSTRA. Information concerning the action is publicly available in filings under the docket numbers. The outcome of this matter is inherently unpredictable and subject to significant uncertainties, many of which are beyond SIRIUS XM’s control. As such, there can be no assurance that the final outcome of these matters will not materially and adversely affect the business, financial condition, results of operations, or cash flows. At this point SIRIUS XM cannot estimate the reasonably possible loss, or range of loss, which could be incurred if the plaintiffs were to prevail in the allegations, but SIRIUS XM believes it has substantial defenses to the claims asserted and intends to defend this action vigorously. In June 2015, SIRIUS XM settled a separate suit brought by Capitol Records LLC, Sony Music Entertainment, UMG Recordings, Inc., Warner Music Group Corp. and ABKCO Music & Records, Inc. relating to SIRIUS XM’s use and public perf ormance of pre-1972 recordings for $210 million, which was paid during July 2015. The settling record companies claim to own, control or otherwise have the right to settle with respect to approximately 85% of the pre-1972 recordings SIRIUS XM has historically played. SIRIUS XM has also entered into certain direct licenses with other owners of pre-1972 recordings, which in many cases include releases of any claims associated with its use of pre-1972 recordings. SIRIUS XM recognized $108 million in June 2015 for the portion of the $210 million Capitol Records lawsuit settlement related to SIRIUS XM’s use of pre-1972 sound recordings for the periods prior to the Capitol Records lawsuit settlement during June 2015. The $108 million has been excluded from Adjusted OIBDA as this expense was not incurred as a part of the Company’s normal operations for the period, and this lump sum amount does not relate to the on-going performance of the business. During the remainder of 2015, SIRIUS XM recognized approximately $19 million to Revenue share and royalties with respect to the Capitol Records lawsuit settlement related to SIRIUS XM’s use of pre-1972 sound recordings during the period and is included as a component of Adjusted OIBDA. SIRIUS XM recognized approximately $10 million to Revenue share and royalties within the unaudited condensed consolidated statement of operations with respect to the Capitol Records lawsuit settlement during the three months ended March 31, 2016 related to SIRIUS XM’s use of pre-1972 sound recordings during the period and is included as a component of Adjusted OIBDA. Of the remaining $73 million of the settlement, approximately $30 million and $43 million will be amortized to Revenue share and royalties within the unaudited condensed consolidated statement of operations over the future service period during the years ended December 31, 2016 and 2017, respectively.

Information About Liberty's Ope

Information About Liberty's Operating Segments	3 Months Ended
	Mar. 31, 2016
Information About Liberty's Operating Segments
Information About Liberty's Operating Segments	(11) Information About Liberty's Operating Segments The Company, through its ownership interests in subsidiaries and other companies, is primarily engaged in the media, communications and entertainment industries. The Company identifies its reportable segments as (A) those consolidated subsidiaries that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA or total assets and (B) those equity method affiliates whose share of earnings represent 10% or more of the Company's annual pre-tax earnings. The Company evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as revenue and Adjusted OIBDA. In addition, the Company reviews nonfinancial measures such as subscriber growth, churn and penetration. The Company defines Adjusted OIBDA as revenue less operating expenses, and selling, general and administrative expenses excluding all stock-based compensation. The Company believes this measure is an important indicator of the operational strength and performance of its businesses, including each business's ability to service debt and fund capital expenditures. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. This measure of performance excludes depreciation and amortization, stock-based compensation, separately reported litigation settlements and restructuring and impairment charges that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance prepared in accordance with GAAP. The Company generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices. For the three months ended March 31, 2016 , the Company has identified SIRIUS XM as its reportable segment. SIRIUS XM is a consolidated subsidiary that provides a subscription based satellite radio service. SIRIUS XM transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels as well as infotainment services in the United States on a subscription fee basis through its two proprietary satellite radio systems - the Sirius system and the XM system. Subscribers can also receive music and other channels, plus features such as SiriusXM On Demand and MySXM, over SIRIUS XM’s Internet radio service, including through applications for mobile devices. The Company's segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, differing revenue sources and marketing strategies. The accounting policies of the segments are the same as those described in the Company's summary of significant policies in the Company's annual financial statements filed on Form 10-K. Performance Measures Three months ended March 31, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — — Total Liberty Media Group — — $ Other Information March 31, 2016 Total Investments Capital assets in affiliates expenditures amounts in millions Liberty SiriusXM Group SIRIUS XM $ Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — Total Liberty Media Group — Elimination — — Consolidated Liberty $ The following table provides a reconciliation of segment Adjusted OIBDA to Earnings (loss) from continuing operations before income taxes: Three months ended March 31, 2016 2015 amounts in millions Consolidated segment Adjusted OIBDA $ Legal settlement, net (note 10) — Stock-based compensation Depreciation and amortization Interest expense Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net Other, net Earnings (loss) from continuing operations before income taxes $

Financial Information for Track

Financial Information for Tracking Stock Groups	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Financial Information for Trakcing Stock Groups	BALANCE SHEET INFORMATION March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Inter-Group Consolidated Group Group Group Eliminations Liberty amounts in millions Assets Current assets: Cash and cash equivalents $ — Trade and other receivables, net — Short term marketable securities — — — Other current assets Total current assets Investments in available-for-sale securities and other cost investments (note 2) — — Investments in affiliates, accounted for using the equity method (note 3) — Property and equipment, at cost — Accumulated depreciation — — Intangible assets not subject to amortization Goodwill — — FCC licenses — — — Other — — — — Intangible assets subject to amortization, net — — Other assets, at cost, net of accumulated amortization — Total assets $ Liabilities and Equity Current liabilities: Intergroup payable (receivable) (note 6) $ — — Accounts payable and accrued liabilities — Current portion of debt (note 4) — — — Deferred revenue — — Other current liabilities — Total current liabilities Long-term debt (note 4) — Deferred income tax liabilities — Other liabilities — Total liabilities Equity / Attributed net assets — Noncontrolling interests in equity of subsidiaries — — Total liabilities and equity $ STATEMENT OF OPERATIONS INFORMATION Three months ended March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Revenue: Subscriber revenue $ — — Other revenue — Total revenue — Operating costs and expenses, including stock-based compensation (note 5): Cost of subscriber services (exclusive of depreciation shown separately below): Revenue share and royalties — — Programming and content — — Customer service and billing — — Other — — Subscriber acquisition costs — — Other operating expenses — Selling, general and administrative Legal settlement, net — — Depreciation and amortization Operating income (loss) Other income (expense): Interest expense — Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net — — Other, net — Earnings (loss) from continuing operations before income taxes Income tax (expense) benefit Net earnings (loss) Less net earnings (loss) attributable to the noncontrolling interests — — Net earnings (loss) attributable to Liberty stockholders $ STATEMENT OF OPERATIONS INFORMATION Three months ended March 31, 2015 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Revenue: Subscriber revenue $ — — Other revenue — Total revenue — Operating costs and expenses, including stock-based compensation (note 5): Cost of subscriber services (exclusive of depreciation shown separately below): Revenue share and royalties — — Programming and content — — Customer service and billing — — Other — — Subscriber acquisition costs — — Other operating expenses — Selling, general and administrative Depreciation and amortization Operating income (loss) Other income (expense): Interest expense — Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net — — Other, net — — Earnings (loss) from continuing operations before income taxes Income tax (expense) benefit Net earnings (loss) Less net earnings (loss) attributable to the noncontrolling interests — — Net earnings (loss) attributable to Liberty stockholders $ STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation Excess tax benefit from stock-based compensation — — Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Losses (gains) on dilution of investment in affiliate — — Deferred income tax expense (benefit) Intergroup tax allocation — Other charges (credits), net Changes in operating assets and liabilities Current and other assets Payables and other liabilities Net cash provided (used) by operating activities Cash flows from investing activities: Investments in and loans to cost and equity investees — Cash proceeds from sale of investments — — Capital expended for property and equipment — Purchases of short term investments and other marketable securities — — Sales of short term investments and other marketable securities — — Other investing activities, net — Net cash provided (used) by investing activities Cash flows from financing activities: Borrowings of debt — Repayments of debt Intergroup (payments) receipts — Shares repurchased by subsidiary — — Excess tax benefit from stock-based compensation — — Taxes paid in lieu of shares issued for stock-based compensation — Other financing activities, net — Net cash provided (used) by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $ STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2015 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation — Excess tax benefit from stock-based compensation — Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Losses (gains) on dilution of investment in affiliate — — Deferred income tax expense (benefit) Intergroup tax allocation — Intergroup tax (payments) receipts — — Other charges (credits), net — Changes in operating assets and liabilities Current and other assets Payables and other liabilities Net cash provided (used) by operating activities Cash flows from investing activities: Cash proceeds from dispositions of investments — — Proceeds (payments) from settlement of financial instruments, net — — Capital expended for property and equipment Purchases of short term investments and other marketable securities — — Sales of short term investments and other marketable securities — — Other investing activities, net — Net cash provided (used) by investing activities Cash flows from financing activities: Borrowings of debt — Repayments of debt — — Intergroup (payments) receipts — — Repurchases of Liberty common stock — — Shares repurchased by subsidiary — — Taxes paid in lieu of shares issued for stock-based compensation — Excess tax benefit from stock-based compensation — Other financing activities, net — Net cash provided (used) by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Schedule of Stock-Based Compensation Allocation of Expense	Three months ended March 31, 2016 2015 (amounts in millions) Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $
Common Class A
Schedule of Stock-Based Compensation Activity	Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at March 31, 2016 $ years $ Exercisable at March 31, 2016 $ years $
Common Class C
Schedule of Stock-Based Compensation Activity	Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at March 31, 2016 $ years $ Exercisable at March 31, 2016 $ years $

Earnings Attributable to Libe21

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Weighted Average Shares	Liberty Common Stock Three months Three months ended ended March 31, 2016 March 31, 2015 numbers of shares in millions Basic EPS Potentially dilutive shares Diluted EPS

Assets And Liabilities Measur22

Assets And Liabilities Measured At Fair Value (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	Fair Value Measurements at Fair Value Measurements at March 31, 2016 December 31, 2015 Quoted Quoted prices prices in active Significant in active Significant markets other markets other for identical observable for identical observable assets inputs assets inputs Description Total (Level 1) (Level 2) Total (Level 1) (Level 2) amounts in millions Cash equivalents $ — — Short term marketable securities $ — — Available-for-sale securities $ Financial instrument assets $ — — Debt $ — —
Realized and Unrealized Gains (Losses) on Financial Instruments	Three months ended March 31, 2016 2015 amounts in millions Fair Value Option Securities $ Cash convertible notes (a) — Change in fair value of bond hedges (a) Other derivatives (b) $ (a) Liberty issued $1 billion of cash convertible notes in October 2013 which are accounted for at fair value (Level 2), as elected by Liberty at the issuance of the notes. Contemporaneously with the issuance of the convertible notes, Liberty entered into privately negotiated cash convertible note hedges, which are expected to offset potential cash payments Liberty would be required to make in excess of the principal amount of the convertible notes, upon conversion of the notes. The bond hedges are marked to market based on the trading price of underlying securities and other observable market data as the significant inputs (Level 2). See note 9 for additional discussion of the convertible notes and the bond hedges. Derivatives are marked to market based on the trading price of underlying securities and other observable market data as the significant inputs (Level 2). During September 2014, Liberty entered into a forward contract to acquire up to 15.9 million shares of Live Nation common stock. Prior to the contract’s original expiration during March 2015, the Company extended the contract through October 15, 2015 with the expiration to occur on the sixtieth day following the completion of the counterparty’s initial hedge, which was November 27, 2015 and settlement occurred on December 2, 2015. The counterparty acquired the maximum number of Live Nation shares of common stock at a volume weighted average share price of $24.93 per share during September 2015. Liberty settled the contract for $396 million paid to the counterparty.

Investments In Available-For-23

Investments In Available-For-Sale Securities And Other Cost Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments In Available-For-Sale Securities And Other Cost Investments
Available-for-sale Securities, Including Fair Value Option Securities Separately Aggregated, and Other Cost Investments	March 31, December 31, 2016 2015 amounts in millions Liberty SiriusXM Group Other AFS and cost investments $ — — Total attributed Liberty Sirius Group — — Liberty Braves Group Other AFS and cost investments Total attributed Liberty Braves Group Liberty Media Group Fair Value Option Securities Time Warner, Inc. (a) Viacom, Inc. (b) Other equity securities Other debt securities Total Fair Value Option Securities AFS and cost investments Live Nation debt securities Other AFS and cost investments Total AFS and cost investments Total attributed Liberty Media Group Consolidated Liberty $ (a) See note 9 for details regarding the number and fair value of shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of March 31, 2016 . (b) During the three months ended March 31, 2015 , Liberty sold 1.3 million shares of Viacom common stock for approximately $86 million in proceeds.

Investments In Affiliates Acc24

Investments In Affiliates Accounted For Using The Equity Method (Tables)	3 Months Ended
	Mar. 31, 2016
Investments in Affiliates Accounted for Using the Equity Method
Schedule Of Equity Ownership And Carrying Amount	March 31, 2016 December 31, 2015 Percentage Fair Value Carrying Carrying ownership (Level 1) amount amount dollar amounts in millions Liberty SiriusXM Group SIRIUS XM Canada % $ $ Total Liberty SiriusXM Group Liberty Braves Group Other various NA Total Liberty Braves Group Liberty Media Group Live Nation (a) % $ Other various NA Total Liberty Media Group Consolidated Liberty $ See note 9 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of March 31, 2016.
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates	Three months ended March 31, 2016 2015 amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ Total Liberty SiriusXM Group Liberty Braves Group Other Total Liberty Braves Group Liberty Media Group Live Nation Other Total Liberty Media Group Consolidated Liberty $

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets subject to amortization	March 31, 2016 December 31, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in millions Customer relationships $ Licensing agreements Other Total $
Schedule of future amortization expense	Based on its amortizable intangible assets as of March 31, 2016 , Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): Remainder of 2016 $ 2017 $ 2018 $ 2019 $ 2020 $

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments	Outstanding Carrying value Principal March 31, December 31, March 31, 2016 2016 2015 amounts in millions Liberty SiriusXM Group Corporate level notes and loans: Margin Loans $ Subsidiary notes and loans: SIRIUS XM 5.875% Senior Notes due 2020 SIRIUS XM 5.75% Senior Notes due 2021 SIRIUS XM 5.25% Senior Secured Notes due 2022 SIRIUS XM 4.25% Senior Notes due 2020 SIRIUS XM 4.625% Senior Notes due 2023 SIRIUS XM 6% Senior Notes due 2024 SIRIUS XM 5.375% Senior Notes due 2025 SIRIUS XM Credit Facility SIRIUS XM leases Less deferred financing costs Total Liberty SiriusXM Group Liberty Braves Group Subsidiary notes and loans: Notes and loans Less deferred financing costs Total Liberty Braves Group Liberty Media Group Corporate level notes and loans: Liberty 1.375% Cash Convertible Notes due 2023 Other Total Liberty Media Group Total debt $ Less debt classified as current Total long-term debt $
Value of shares pledged as collateral pursuant to the margin loan agreements	Number of Shares Pledged as Collateral as of Share value as of Investment March 31, 2016 March 31, 2016 amounts in millions SIRIUS XM $ Live Nation $
Fair Value of Debt	The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level 2), of SIRIUS XM's publicly traded debt securities, not reported at fair value, are as follows (amounts in millions): March 31, 2016 SIRIUS XM 5.875% Senior Notes due 2020 $ SIRIUS XM 5.75% Senior Notes due 2021 $ SIRIUS XM 5.25% Senior Secured Notes due 2022 $ SIRIUS XM 4.25% Senior Notes due 2020 $ SIRIUS XM 4.625% Senior Notes due 2023 $ SIRIUS XM 6% Senior Notes due 2024 $ SIRIUS XM 5.375% Senior Notes due 2025 $

Information About Liberty's O27

Information About Liberty's Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2016
Information About Liberty's Operating Segments
Performance Measures By Segment	Three months ended March 31, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — — Total Liberty Media Group — — $
Other Information By Segment	March 31, 2016 Total Investments Capital assets in affiliates expenditures amounts in millions Liberty SiriusXM Group SIRIUS XM $ Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — Total Liberty Media Group — Elimination — — Consolidated Liberty $
Reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income tax	Three months ended March 31, 2016 2015 amounts in millions Consolidated segment Adjusted OIBDA $ Legal settlement, net (note 10) — Stock-based compensation Depreciation and amortization Interest expense Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net Other, net Earnings (loss) from continuing operations before income taxes $

Financial Information for Tra28

Financial Information for Tracking Stock Groups (Tables)	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet	BALANCE SHEET INFORMATION March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Inter-Group Consolidated Group Group Group Eliminations Liberty amounts in millions Assets Current assets: Cash and cash equivalents $ — Trade and other receivables, net — Short term marketable securities — — — Other current assets Total current assets Investments in available-for-sale securities and other cost investments (note 2) — — Investments in affiliates, accounted for using the equity method (note 3) — Property and equipment, at cost — Accumulated depreciation — — Intangible assets not subject to amortization Goodwill — — FCC licenses — — — Other — — — — Intangible assets subject to amortization, net — — Other assets, at cost, net of accumulated amortization — Total assets $ Liabilities and Equity Current liabilities: Intergroup payable (receivable) (note 6) $ — — Accounts payable and accrued liabilities — Current portion of debt (note 4) — — — Deferred revenue — — Other current liabilities — Total current liabilities Long-term debt (note 4) — Deferred income tax liabilities — Other liabilities — Total liabilities Equity / Attributed net assets — Noncontrolling interests in equity of subsidiaries — — Total liabilities and equity $
Condensed Statement of Operations	STATEMENT OF OPERATIONS INFORMATION Three months ended March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Revenue: Subscriber revenue $ — — Other revenue — Total revenue — Operating costs and expenses, including stock-based compensation (note 5): Cost of subscriber services (exclusive of depreciation shown separately below): Revenue share and royalties — — Programming and content — — Customer service and billing — — Other — — Subscriber acquisition costs — — Other operating expenses — Selling, general and administrative Legal settlement, net — — Depreciation and amortization Operating income (loss) Other income (expense): Interest expense — Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net — — Other, net — Earnings (loss) from continuing operations before income taxes Income tax (expense) benefit Net earnings (loss) Less net earnings (loss) attributable to the noncontrolling interests — — Net earnings (loss) attributable to Liberty stockholders $ STATEMENT OF OPERATIONS INFORMATION Three months ended March 31, 2015 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Revenue: Subscriber revenue $ — — Other revenue — Total revenue — Operating costs and expenses, including stock-based compensation (note 5): Cost of subscriber services (exclusive of depreciation shown separately below): Revenue share and royalties — — Programming and content — — Customer service and billing — — Other — — Subscriber acquisition costs — — Other operating expenses — Selling, general and administrative Depreciation and amortization Operating income (loss) Other income (expense): Interest expense — Share of earnings (losses) of affiliates, net Realized and unrealized gains (losses) on financial instruments, net — — Other, net — — Earnings (loss) from continuing operations before income taxes Income tax (expense) benefit Net earnings (loss) Less net earnings (loss) attributable to the noncontrolling interests — — Net earnings (loss) attributable to Liberty stockholders $
Condensed Statement of Cash Flows	STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2016 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation Excess tax benefit from stock-based compensation — — Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Losses (gains) on dilution of investment in affiliate — — Deferred income tax expense (benefit) Intergroup tax allocation — Other charges (credits), net Changes in operating assets and liabilities Current and other assets Payables and other liabilities Net cash provided (used) by operating activities Cash flows from investing activities: Investments in and loans to cost and equity investees — Cash proceeds from sale of investments — — Capital expended for property and equipment — Purchases of short term investments and other marketable securities — — Sales of short term investments and other marketable securities — — Other investing activities, net — Net cash provided (used) by investing activities Cash flows from financing activities: Borrowings of debt — Repayments of debt Intergroup (payments) receipts — Shares repurchased by subsidiary — — Excess tax benefit from stock-based compensation — — Taxes paid in lieu of shares issued for stock-based compensation — Other financing activities, net — Net cash provided (used) by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $ STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2015 Attributed (note 1) Liberty Liberty Liberty SiriusXM Braves Media Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation — Excess tax benefit from stock-based compensation — Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Losses (gains) on dilution of investment in affiliate — — Deferred income tax expense (benefit) Intergroup tax allocation — Intergroup tax (payments) receipts — — Other charges (credits), net — Changes in operating assets and liabilities Current and other assets Payables and other liabilities Net cash provided (used) by operating activities Cash flows from investing activities: Cash proceeds from dispositions of investments — — Proceeds (payments) from settlement of financial instruments, net — — Capital expended for property and equipment Purchases of short term investments and other marketable securities — — Sales of short term investments and other marketable securities — — Other investing activities, net — Net cash provided (used) by investing activities Cash flows from financing activities: Borrowings of debt — Repayments of debt — — Intergroup (payments) receipts — — Repurchases of Liberty common stock — — Shares repurchased by subsidiary — — Taxes paid in lieu of shares issued for stock-based compensation — Excess tax benefit from stock-based compensation — Other financing activities, net — Net cash provided (used) by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Oct. 31, 2014	Mar. 31, 2016	Mar. 31, 2015	Oct. 29, 2014
Entity Information [Line Items]
Cash received from consolidated subsidiary	$ 300
Liberty Broadband
Entity Information [Line Items]
Number of shares received in spin-off				0.25
Liberty Interactive Corporation Starz Tripco Liberty Broadband
Entity Information [Line Items]
Related Party Transaction, Amounts of Transaction		$ 4	$ 3
Starz, LLC | Lease Agreements
Entity Information [Line Items]
Related Party Transaction, Amounts of Transaction		$ 4

Tracking Stocks (Narrative) (De

Tracking Stocks (Narrative) (Details) $ in Millions	Apr. 15, 2016USD ($)shares	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 17, 2013
Targeted or Tracking Stock, Stock [Line Items]
Number of tracking stock groups	3
Outstanding principal		$ 7,156
Liberty Sirius XM Group
Targeted or Tracking Stock, Stock [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares	1
Allocated corporate cash	$ 50
Outstanding principal		6,011
Liberty Braves Group
Targeted or Tracking Stock, Stock [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares	0.1
Allocated corporate cash	$ 50
Outstanding principal		108
Liberty Braves Group | Common Class C
Targeted or Tracking Stock, Stock [Line Items]
Percentage discount on stock subscriptions	20
Rights offering period	20 days
Liberty Media Group
Targeted or Tracking Stock, Stock [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares	0.25
Outstanding principal		1,037
Liberty Braves Group | Liberty Media Group
Targeted or Tracking Stock, Stock [Line Items]
Percentage ownership	20.00%
Intergroup note | Liberty Braves Group
Targeted or Tracking Stock, Stock [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		165
Outstanding principal		$ 101	$ 31
1.375% Cash Convertible Senior Notes due 2023
Targeted or Tracking Stock, Stock [Line Items]
Debt instrument interest rate				1.375%
1.375% Cash Convertible Senior Notes due 2023 | Liberty Media Group
Targeted or Tracking Stock, Stock [Line Items]
Debt instrument interest rate	1.375%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	$ 34	$ 44
Programming and content expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	4	4
Customer service and billing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	1	1
Other cost of subscriber services
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	1	2
Operating operating expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	3	4
Selling, General and Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	$ 25	$ 33

Stock-Based Compensation (Det32

Stock-Based Compensation (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Total unrecognized compensation cost related to unvested equity awards | $	$ 62
Weighted average period of recognition related to unvested equity awards (in years)	2 years 3 months 18 days
Common Stock, Capital Shares Reserved for Future Issuance	13,200,000
Common Class A
Options granted	0
Common Class B
Options granted	0
Common Class C
Options granted	785,000
Common Class C | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Options granted	10,000
Weighted average grant-date fair value | $ / shares	$ 8.33
CEO | Common Class C | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Options granted	775,000
Weighted average grant-date fair value | $ / shares	$ 8.91
Restricted stock granted	39,000
Restricted stock weighted average grant-date fair value | $ / shares	$ 37.76

Stock-Based Compensation (Det33

Stock-Based Compensation (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options, Beginning Balance	2,360,000
Options granted	0
Options exercised	(159,000)
Outstanding options, Ending Balance	2,201,000
Exercisable options	2,117,000
Outstanding WAEP, Beginning of period | $ / shares	$ 23.36
WAEP exercised | $ / shares	22.73
Outstanding WAEP, End of period | $ / shares	23.40
Exercisable WAEP | $ / shares	$ 23.29
Weighted average remaining life, outstanding	2 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 9 months 18 days
Outstanding options, aggregate intrinsic value | $	$ 34
Exercisable Options, Aggregate Intrinsic Value | $	$ 32
Common Class B
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options, Beginning Balance	10,613,000
Options granted	785,000
Options exercised	(369,000)
Outstanding options, Ending Balance	11,029,000
Exercisable options	4,960,000
Outstanding WAEP, Beginning of period | $ / shares	$ 30.09
WAEP granted | $ / shares	37.66
WAEP exercised | $ / shares	22.51
Outstanding WAEP, End of period | $ / shares	30.88
Exercisable WAEP | $ / shares	$ 25.17
Weighted average remaining life, outstanding	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 3 months 18 days
Outstanding options, aggregate intrinsic value | $	$ 81
Exercisable Options, Aggregate Intrinsic Value | $	$ 64

Stock-Based Compensation (Det34

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Weighted average period of recognition related to unvested equity awards (in years)	2 years 3 months 18 days
Stock-based compensation	$ 34	$ 44
Total unrecognized compensation cost related to unvested equity awards	$ 62
SIRIUS XM
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options	334
Exercisable options	116
Outstanding WAEP, End of period	$ 3.28
Exercisable WAEP	$ 2.43
Exercisable Options, Aggregate Intrinsic Value	$ 176
Outstanding options, aggregate intrinsic value	226
Outstanding options, aggregate intrinsic value	226
Exercisable Options, aggregate intrinsic value	$ 176
Weighted average period of recognition related to unvested equity awards (in years)	2 years 7 months 6 days
Total unrecognized compensation cost related to unvested equity awards	$ 227
SIRIUS XM | SIRIUS XM
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Stock-based compensation	$ 24	$ 37

Earnings Attributable to Libe35

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Basic, Weighted average number of shares outstanding	335	342
Potentially dilutive shares	2	3
Diluted, Weighted average number of shares outstanding	337	345
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	24

Assets And Liabilities Measur36

Assets And Liabilities Measured At Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 441	$ 68
Short term marketable securities	61	15
Available-for-sale securities	497	474
Financial instrument assets	204	232
Debt	998	995
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	441	68
Short term marketable securities	61	15
Available-for-sale securities	451	425
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	46	49
Financial instrument assets	204	232
Debt	$ 998	$ 995

Assets And Liabilities Measur37

Assets And Liabilities Measured At Fair Value (Details) - USD ($)	1 Months Ended			3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2016	Mar. 31, 2015	Oct. 17, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net				$ (8,000,000)	$ (28,000,000)
Payments for (Proceeds from) Derivative Instrument, Investing Activities					17,000,000
1.375% Cash Convertible Senior Notes due 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt face amount						$ 1,000,000,000
1.375% Cash Convertible Senior Notes due 2023 | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt face amount						$ 1,000,000,000
Fair Value Option Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net				24,000,000	(31,000,000)
Convertible Notes Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net				(3,000,000)
1.375% Convertible Notes Bond Hedge Transaction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net				(28,000,000)	8,000,000
Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net				$ (1,000,000)	$ (5,000,000)
Forward Contracts | Live Nation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maximum shares to be purchased			15,900,000
Weighted average stock price shares purchased by counterparty		24.93
Payments for (Proceeds from) Derivative Instrument, Investing Activities	$ 396,000,000

Investments In Available-For-38

Investments In Available-For-Sale Securities And Other Cost Investments (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	$ 560		$ 533
Proceeds from Sale of Available-for-sale Securities	2	$ 113
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0		0
Viacom, Inc.
Schedule of Investments [Line Items]
Available for sale securities number of shares sold		1.3
Proceeds from Sale of Available-for-sale Securities		$ 86
Liberty Braves Group
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	8		8
Liberty Braves Group | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	8		8
Liberty Media Group
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	552		525
Proceeds from Sale of Available-for-sale Securities	2	$ 113
Liberty Media Group | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	474		450
Liberty Media Group | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	78		75
Liberty Media Group | Time Warner Inc | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	309		275
Liberty Media Group | Viacom, Inc. | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	76		76
Liberty Media Group | Other equity securities | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	66		74
Liberty Media Group | Other Debt Obligations | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	23		25
Liberty Media Group | Live Nation debt securities | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	24		24
Liberty Media Group | Other AFS Equity Securities | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	$ 54		$ 51

Investments In Affiliates Acc39

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 1,120	$ 1,115
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 168	153
Liberty Sirius XM Group | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Percentage ownership	37.00%
Equity Method Investment, Quoted Market Value	$ 169
Investments in affiliates, accounted for using the equity method	168	153
Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	52	39
Liberty Braves Group | Equity method investment, other
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	52	39
Liberty Media Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 900	923
Liberty Media Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Percentage ownership	35.00%
Equity Method Investment, Quoted Market Value	$ 1,554
Investments in affiliates, accounted for using the equity method	745	764
Liberty Media Group | Equity method investment, other
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 155	$ 159

Investments In Affiliates Acc40

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ (12)	$ (37)
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	7	(7)
Liberty Sirius XM Group | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	7	(7)
Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	2
Liberty Braves Group | Equity method investment, other
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	2
Liberty Media Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	(21)	(32)
Liberty Media Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	(17)	(18)
Liberty Media Group | Equity method investment, other
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ (4)	$ (14)

Investments In Affiliates Acc41

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
SIRIUS XM
Schedule of Equity Method Investments [Line Items]
Due to Related Parties, Current	$ 3
Due to Related Parties, Noncurrent	10
Due from Related Parties, Current	5
Revenue from Related Parties	10	$ 14
Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Dividends	$ 4	$ 4
SIRIUS XM | Sirius XM Canada | Minimum
Schedule of Equity Method Investments [Line Items]
Royalty rate	10.00%
SIRIUS XM | Sirius XM Canada | Maximum
Schedule of Equity Method Investments [Line Items]
Royalty rate	15.00%

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets (Goodwill) (Details) $ in Millions	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 14,345
Goodwill, Ending Balance	$ 14,345

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,784		$ 1,763
Accumulated amortization	(704)		(666)
Finite-Lived Intangible Assets, Net, Total	1,080		1,097
Amortization of Intangible Assets	39	$ 32
Remainder of 2016	132
2,017	168
2,018	115
2,019	108
2,020	104
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	838		838
Accumulated amortization	(194)		(179)
Finite-Lived Intangible Assets, Net, Total	644		659
Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	316		316
Accumulated amortization	(88)		(81)
Finite-Lived Intangible Assets, Net, Total	228		235
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	630		609
Accumulated amortization	(422)		(406)
Finite-Lived Intangible Assets, Net, Total	$ 208		$ 203

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Outstanding principal	$ 7,156
Total debt	7,118	$ 6,881
Less debt classified as current	(256)	(255)
Total long-term debt	$ 6,862	6,626
1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Debt instrument interest rate	1.375%
Sirius XM 5.875% Senior Notes due 2020
Debt Instrument [Line Items]
Debt instrument interest rate	5.875%
Sirius XM 5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Debt instrument interest rate	5.75%
Sirius XM 5.25% Senior Secured Notes due 2022
Debt Instrument [Line Items]
Debt instrument interest rate	5.25%
Sirius XM 4.25% Senior Notes due 2020
Debt Instrument [Line Items]
Debt instrument interest rate	4.25%
Sirius XM 4.625% Senior Notes due 2023
Debt Instrument [Line Items]
Debt instrument interest rate	4.625%
Sirius XM 6.00% Senior Notes Due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	6.00%
Sirius XM 5.375% Senior Notes Due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	5.375%
Liberty Sirius XM Group
Debt Instrument [Line Items]
Outstanding principal	$ 6,011
Less deferred financing costs	(7)	(7)
Total debt	5,975	5,709
Less debt classified as current	(256)
Total long-term debt	5,719
Liberty Sirius XM Group | Margin loan
Debt Instrument [Line Items]
Outstanding principal	250
Total debt	250	250
Liberty Sirius XM Group | Sirius XM 5.875% Senior Notes due 2020
Debt Instrument [Line Items]
Outstanding principal	650
Total debt	645	645
Liberty Sirius XM Group | Sirius XM 5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Outstanding principal	600
Total debt	596	596
Liberty Sirius XM Group | Sirius XM 5.25% Senior Secured Notes due 2022
Debt Instrument [Line Items]
Outstanding principal	400
Total debt	406	406
Liberty Sirius XM Group | Sirius XM 4.25% Senior Notes due 2020
Debt Instrument [Line Items]
Outstanding principal	500
Total debt	496	496
Liberty Sirius XM Group | Sirius XM 4.625% Senior Notes due 2023
Debt Instrument [Line Items]
Outstanding principal	500
Total debt	496	496
Liberty Sirius XM Group | Sirius XM 6.00% Senior Notes Due 2024
Debt Instrument [Line Items]
Outstanding principal	1,500
Total debt	1,485	1,485
Liberty Sirius XM Group | Sirius XM 5.375% Senior Notes Due 2025
Debt Instrument [Line Items]
Outstanding principal	1,000
Total debt	990	989
Liberty Sirius XM Group | Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding principal	600
Total debt	600	340
Liberty Sirius XM Group | Sirius XM leases
Debt Instrument [Line Items]
Outstanding principal	18
Total debt	18	13
Liberty Braves Group
Debt Instrument [Line Items]
Outstanding principal	108
Less deferred financing costs	(7)	(8)
Total debt	108	139
Total long-term debt	108
Liberty Braves Group | Notes and loans
Debt Instrument [Line Items]
Outstanding principal	115
Total debt	115	147
Liberty Media Group
Debt Instrument [Line Items]
Outstanding principal	1,037
Total debt	1,035	1,033
Total long-term debt	1,035
Liberty Media Group | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Outstanding principal	1,000
Total debt	998	995
Liberty Media Group | Other Debt Obligations
Debt Instrument [Line Items]
Outstanding principal	37
Total debt	$ 37	$ 38

Debt (Details)45

Debt (Details)	Dec. 31, 2014$ / shares$ / itemshares	Oct. 17, 2013USD ($)$ / shares$ / itemshares	Oct. 31, 2015USD ($)	Dec. 31, 2012USD ($)	Mar. 31, 2016USD ($)item	Mar. 31, 2015USD ($)	Apr. 15, 2016shares	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Long-term Debt					$ 7,118,000,000			$ 6,881,000,000
Borrowings of debt					335,000,000	$ 1,275,000,000
Repayments of Long-term Debt					$ 111,000,000	658,000,000
Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity, fee, percent					0.30%
Line of Credit Facility, Remaining Borrowing Capacity					$ 1,150,000,000
Debt Instrument, Term				5 years
Line of Credit Facility, Maximum Borrowing Capacity				$ 1,250,000,000
1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Debt face amount		$ 1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage		1.375%
Debt instrument, face amount per debenture		$ 1,000
Debt Instrument, Convertible, Threshold Trading Days | item					20
Debt Instrument, Convertible, Threshold Consecutive Trading Days					30 days
Debt instrument, convertible, threshold percentage of conversion price to stock price trigger					98.00%
Number of business days in measurement period					5 years
Number of consecutive trading days in measurement period.					5 days
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger					130.00%
$1.25 billion margin loan due 2016
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis			LIBOR
$1.25 billion margin loan due 2016 | Term loan
Debt Instrument [Line Items]
Debt face amount			$ 250,000,000
$1.25 billion margin loan due 2016 | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity, fee, percent			0.75%
Line of Credit Facility, Remaining Borrowing Capacity			$ 1,000,000,000		$ 1,000,000,000
Common Class A | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Ratio	21.0859	5.5882
conversion price for exchangeable debt | $ / shares	$ 47.43	$ 178.95
Minimum | $1.25 billion margin loan due 2016
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Maximum | $1.25 billion margin loan due 2016
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.25%
SIRIUS XM | Sirius XM Senior Secured Revolving Credit Facility | Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					1,750,000,000
1.375% Convertible Notes Bond Hedge Transaction
Debt Instrument [Line Items]
Forward contract, number of underlying shares | shares	21,085,900
Derivative, Cap Price | $ / item	47.43	178.95
1.375% Convertible Notes Bond Hedge Transaction | Common Class A
Debt Instrument [Line Items]
Forward contract, number of underlying shares | shares		5,588,200
Liberty Sirius XM Group
Debt Instrument [Line Items]
Long-term Debt					5,975,000,000			5,709,000,000
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							1
Borrowings of debt					330,000,000	1,265,000,000
Repayments of Long-term Debt					72,000,000	658,000,000
Liberty Sirius XM Group | Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt					600,000,000			340,000,000
Liberty Sirius XM Group | Common Class A
Debt Instrument [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							1
Liberty Braves Group
Debt Instrument [Line Items]
Long-term Debt					108,000,000			139,000,000
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							0.1
Borrowings of debt					5,000,000	$ 10,000,000
Repayments of Long-term Debt					38,000,000
Liberty Braves Group | Common Class A
Debt Instrument [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							0.10
Liberty Media Group
Debt Instrument [Line Items]
Long-term Debt					1,035,000,000			$ 1,033,000,000
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							0.25
Repayments of Long-term Debt					$ 1,000,000
Liberty Media Group | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							1.375%
Liberty Media Group | Common Class A
Debt Instrument [Line Items]
Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares							0.25

Debt (Details)46

Debt (Details) - $1.25 billion margin loan due 2016 shares in Millions, $ in Millions	Mar. 31, 2016USD ($)shares
SIRIUS XM
Debt Instrument [Line Items]
Shares pledged as collateral under loan | shares	145.4
Share value | $	$ 574
Live Nation
Debt Instrument [Line Items]
Shares pledged as collateral under loan | shares	4.2
Share value | $	$ 95

Debt (Details)47

Debt (Details) shares in Thousands	Mar. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)item	Sep. 30, 2015USD ($)	Mar. 31, 2016USD ($)itemshares	Mar. 31, 2015USD ($)	Dec. 31, 2014a	Aug. 31, 2015USD ($)
Debt Instrument [Line Items]
Long-term Debt	$ 7,118,000,000	$ 6,881,000,000		$ 7,118,000,000
Borrowings of debt				$ 335,000,000	$ 1,275,000,000
Braves Holdings
Debt Instrument [Line Items]
Area of land aquired (in acres) | a						82
Number of credit facilities | item				2
Braves Holdings | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis			LIBOR
Effective interest rate	1.68%			1.68%
Braves Holdings | Braves Holdings Revolving Credit Facilities Total
Debt Instrument [Line Items]
Effective interest rate	1.71%			1.71%
Braves Holdings | Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175,000,000			$ 175,000,000
Braves Holdings | Revolving Credit Facility | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity, fee, percent			0.35%
Braves Holdings | Revolving Credit Facility | Braves Holdings Revolving Credit Facility One
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	75,000,000			75,000,000			$ 250,000,000
Braves Holdings | Term loan | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt issuance amount			$ 345,000,000
Braves Holdings | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Stadium other costs and equipment				50,000,000
Construction and Development Costs	326,000,000			672,000,000
Braves Holdings | Cobb County Major League Baseball Ballpark | Revolving Credit Facility | Braves Holdings Term Loan and Revolving Credit Facilities
Debt Instrument [Line Items]
Long-term Debt	115,000,000			115,000,000
Braves Holdings | Cobb County Ballpark Mixed Use Development
Debt Instrument [Line Items]
Construction and Development Costs	130,000,000			$ 558,000,000
Proceeds from equity issuance to fund new facility	200,000,000
Proceeds from debt issuance to fund new facility	$ 290,000,000
Braves Holdings | Cobb County Ballpark Mixed Use Development | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	LIBOR
Number of credit facilities | item		3
Line of Credit Facility, Maximum Borrowing Capacity		$ 207,000,000
Extension Options on Credit Facilities	2 years
Shares pledged as collateral under loan | shares	464			464
Share value	$ 34,000,000			$ 34,000,000
Braves Holdings | Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Due from Affiliates	392,000,000			392,000,000
Braves Holdings | Affiliated Entities | Cobb County Ballpark Mixed Use Development
Debt Instrument [Line Items]
Construction and Development Costs				$ 490,000,000
Braves Holdings | The Authority
Debt Instrument [Line Items]
Related Party Transaction, Amounts of Transaction			103,000,000
Braves Holdings | The Authority | Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Fair Value of Assets Acquired	$ 250,000,000
Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark | Bonds Payable
Debt Instrument [Line Items]
Debt issuance amount			$ 368,000,000
Minimum | Braves Holdings | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.50%
Minimum | Braves Holdings | Cobb County Ballpark Mixed Use Development | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maximum | Braves Holdings | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Maximum | Braves Holdings | Cobb County Ballpark Mixed Use Development | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.60%

Debt (Details)48

Debt (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 998	$ 995
Sirius XM 5.875% Senior Notes due 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	681
Sirius XM 5.75% Senior Notes due 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	629
Sirius XM 5.25% Senior Secured Notes due 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	420
Sirius XM 4.25% Senior Notes due 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	510
Sirius XM 4.625% Senior Notes due 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	493
Sirius XM 6.00% Senior Notes Due 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	1,576
Sirius XM 5.375% Senior Notes Due 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 1,019

Commitments And Contingencies (

Commitments And Contingencies (Details) € in Millions, $ in Millions	Apr. 05, 2016USD ($)	Jun. 30, 2015USD ($)	Aug. 31, 2013USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jan. 17, 2013EUR (€)	Jun. 25, 2012EUR (€)
Loss Contingencies [Line Items]
Legal settlement, net				$ 511
Compensation guarantee aggregate total				273
Amounts payable under guarantee in 2016				75
Amounts payable under guarantee in 2017				54
Amounts payable under guarantee in 2018				50
Amounts payable under guarantee in 2019				41
Amount payable under guarantee, thereafter				53
Vivendi Universal SA Suit [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount				775
Legal settlement, net				511
Telephone Consumer Protection Act Of 1991 Lawsuit [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Litigation Settlement, Amount	$ 35
Capitol Records Case [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Litigation Settlement, Amount		$ 210
Percentage of pre-1972 recordings owned or controlled by the plaintiffs		85.00%
Litigation Settlement, Expense		$ 108		10	$ 19
Deferred litigation settlement expense				73
Deferred litigation settlement expense, current				30
Deferred litigation settlement expense, noncurrent				$ 43
Pending Litigation | Vivendi Universal SA Suit [Member]
Loss Contingencies [Line Items]
Gain Contingency, Unrecorded Amount | €							€ 765
Including prejudgement interest [Member] | Pending Litigation | Vivendi Universal SA Suit [Member]
Loss Contingencies [Line Items]
Gain Contingency, Unrecorded Amount | €						€ 945
Minimum | Pending Litigation | Sound exchange Lawsuit [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Damages sought			$ 50
Maximum | Pending Litigation | Sound exchange Lawsuit [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Damages sought			$ 100

Information About Liberty's O50

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	$ 1,204	$ 1,081
Adjusted OIBDA	391	373
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	1,200	1,076
Adjusted OIBDA	439	404
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	1,200	1,076
Adjusted OIBDA	439	404
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	4	5
Adjusted OIBDA	(36)	(21)
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	4	5
Adjusted OIBDA	(36)	(21)
Liberty Media Group
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA	(12)	(10)
Liberty Media Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA	$ (12)	$ (10)

Information About Liberty's O51

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Operating Activities And Reporting Information By Segment [Line Items]
Assets	$ 30,326		$ 29,798
Investments in affiliates, accounted for using the equity method	1,120		1,115
Capital expenditures	67	$ 64
Elimination
Operating Activities And Reporting Information By Segment [Line Items]
Assets	(2)
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	26,983
Investments in affiliates, accounted for using the equity method	168		153
Capital expenditures	30	30
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Assets	26,983
Investments in affiliates, accounted for using the equity method	168
Capital expenditures	30
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	999
Investments in affiliates, accounted for using the equity method	52		39
Capital expenditures	37	35
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	999
Investments in affiliates, accounted for using the equity method	52
Capital expenditures	37
Liberty Media Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,346
Investments in affiliates, accounted for using the equity method	900		$ 923
Capital expenditures		$ (1)
Liberty Media Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,346
Investments in affiliates, accounted for using the equity method	$ 900

Information About Liberty's O52

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Information About Liberty's Operating Segments
Consolidated segment Adjusted OIBDA	$ 391	$ 373
Legal settlement, net	511
Stock-based compensation	(34)	(44)
Depreciation and amortization	(87)	(84)
Interest expense	(84)	(77)
Share of earnings (losses) of affiliates, net	(12)	(37)
Realized and unrealized gains (losses) on financial instruments, net	(8)	(28)
Other, net	7	2
Earnings (loss) from continuing operations before income taxes	$ 684	$ 105

Financial Information for Tra53

Financial Information for Tracking Stock Groups - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets, current
Cash and cash equivalents	$ 602	$ 201	$ 1,172	$ 681
Trade and other receivables, net	244	247
Short term marketable securities	61	15
Other current assets	257	228
Total current assets	1,164	691
Investments in available-for-sale securities and other cost investments	560	533
Investments in affiliates, accounted for using the equity method	1,120	1,115
Property and equipment, at cost	2,698	2,587
Accumulated depreciation	(748)	(708)
Property and equipment, net	1,950	1,879
Goodwill	14,345	14,345
FCC licenses	8,600	8,600
Other	1,073	1,073
Intangible assets not subject to amortization	24,018	24,018
Intangible assets subject to amortization, net	1,080	1,097
Other assets	434	465
Total assets	30,326	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	763	758
Current portion of debt	256	255
Deferred revenue	1,880	1,797
Other current liabilities	66	3
Total current liabilities	2,965	2,813
Long-term debt	6,862	6,626
Deferred income tax liabilities	1,788	1,667
Other liabilities	626	561
Total liabilities	$ 12,241	$ 11,667
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Additional paid-in capital	$ 78
Accumulated other comprehensive earnings, net of taxes	(46)	$ (51)
Retained earnings	11,346	10,981
Stockholders' Equity Attributable to Parent, Total	11,381	10,933
Noncontrolling interests in equity of subsidiaries	6,704	7,198
Total equity	18,085	18,131
Total liabilities and equity	30,326	29,798
Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	$ 1	$ 1
Common Class B
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued
Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	$ 2	$ 2
Liberty Sirius XM Group
Assets, current
Cash and cash equivalents	102	112	482	148
Trade and other receivables, net	228
Other current assets	232
Total current assets	562
Investments in affiliates, accounted for using the equity method	168	153
Property and equipment, at cost	2,003
Accumulated depreciation	(615)
Property and equipment, net	1,388
Goodwill	14,165
FCC licenses	8,600
Other	930
Intangible assets not subject to amortization	23,695
Intangible assets subject to amortization, net	1,013
Other assets	157
Total assets	26,983
Liabilities, Current [Abstract]
Intergroup payable	115
Accounts Payable and accrued liabilities	696
Current portion of debt	256
Deferred revenue	1,797
Other current liabilities	3
Total current liabilities	2,867
Long-term debt	5,719
Deferred income tax liabilities	1,724
Other liabilities	272
Total liabilities	10,582
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	9,706
Noncontrolling interests in equity of subsidiaries	6,695
Total liabilities and equity	26,983
Liberty Braves Group
Assets, current
Cash and cash equivalents	44	13	19	11
Trade and other receivables, net	12
Other current assets	20
Total current assets	76
Investments in available-for-sale securities and other cost investments	8	8
Investments in affiliates, accounted for using the equity method	52	39
Property and equipment, at cost	504
Accumulated depreciation	(45)
Property and equipment, net	459
Goodwill	180
Other	143
Intangible assets not subject to amortization	323
Intangible assets subject to amortization, net	67
Other assets	14
Total assets	999
Liabilities, Current [Abstract]
Intergroup payable	89
Accounts Payable and accrued liabilities	46
Deferred revenue	83
Total current liabilities	218
Long-term debt	108
Deferred income tax liabilities	40
Other liabilities	297
Total liabilities	663
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	327
Noncontrolling interests in equity of subsidiaries	9
Total liabilities and equity	999
Liberty Media Group
Assets, current
Cash and cash equivalents	456	76	$ 671	$ 522
Trade and other receivables, net	4
Short term marketable securities	61
Other current assets	7
Total current assets	528
Investments in available-for-sale securities and other cost investments	552	525
Investments in affiliates, accounted for using the equity method	900	$ 923
Property and equipment, at cost	191
Accumulated depreciation	(88)
Property and equipment, net	103
Other assets	263
Total assets	2,346
Liabilities, Current [Abstract]
Intergroup payable	(204)
Accounts Payable and accrued liabilities	21
Other current liabilities	65
Total current liabilities	(118)
Long-term debt	1,035
Deferred income tax liabilities	24
Other liabilities	57
Total liabilities	998
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	1,348
Total liabilities and equity	2,346
Elimination
Assets, current
Other current assets	(2)
Total current assets	(2)
Total assets	(2)
Liabilities, Current [Abstract]
Other current liabilities	(2)
Total current liabilities	(2)
Total liabilities	(2)
Stockholders' Equity Attributable to Parent [Abstract]
Total liabilities and equity	$ (2)

Financial Information for Tra54

Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue:
Subscriber revenue	$ 1,009	$ 907
Other revenue	195	174
Total Revenue	1,204	1,081
Revenue and share royalties	252	213
Programming and content	85	62
Customer service and billing	97	92
Other	33	31
Subscriber acquisition costs	132	122
Other operating expense	47	30
Selling, general and administrative	201	202
Legal settlement, net	(511)
Depreciation and amortization	87	84
Total operating costs and expenses	423	836
Operating income (loss)	781	245
Other income (expense):
Interest expense	(84)	(77)
Share of earnings (losses) of affiliates, net	(12)	(37)
Realized and unrealized gains (losses) on financial instruments, net	(8)	(28)
Other, net	7	2
Total other income (expense)	(97)	(140)
Earnings (loss) from continuing operations before income taxes	684	105
Income tax (expense) benefit	(257)	(86)
Net earnings (loss)	427	19
Less net earnings (losses) attributable to the noncontrolling interests	62	38
Net earnings (loss) attributable to Liberty stockholders	$ 365	$ (19)
Earnings Per Share [Abstract]
Series A, B and C common stock, basic	$ 1.09	$ (0.06)
Series A, B and C common stock, diluted	$ 1.08	$ (0.06)
Liberty Sirius XM Group
Revenue:
Subscriber revenue	$ 1,009	$ 907
Other revenue	191	169
Total Revenue	1,200	1,076
Revenue and share royalties	252	213
Programming and content	85	62
Customer service and billing	97	92
Other	33	31
Subscriber acquisition costs	132	122
Other operating expense	19	17
Selling, general and administrative	167	172
Depreciation and amortization	79	77
Total operating costs and expenses	864	786
Operating income (loss)	336	290
Other income (expense):
Interest expense	(81)	(73)
Share of earnings (losses) of affiliates, net	7	(7)
Other, net	1
Total other income (expense)	(73)	(80)
Earnings (loss) from continuing operations before income taxes	263	210
Income tax (expense) benefit	(100)	(125)
Net earnings (loss)	163	85
Less net earnings (losses) attributable to the noncontrolling interests	62	38
Net earnings (loss) attributable to Liberty stockholders	101	47
Liberty Braves Group
Revenue:
Other revenue	4	5
Total Revenue	4	5
Other operating expense	28	13
Selling, general and administrative	14	13
Depreciation and amortization	5	5
Total operating costs and expenses	47	31
Operating income (loss)	(43)	(26)
Other income (expense):
Share of earnings (losses) of affiliates, net	2	2
Total other income (expense)	2	2
Earnings (loss) from continuing operations before income taxes	(41)	(24)
Income tax (expense) benefit	16	9
Net earnings (loss)	(25)	(15)
Net earnings (loss) attributable to Liberty stockholders	(25)	(15)
Liberty Media Group
Revenue:
Selling, general and administrative	20	17
Legal settlement, net	(511)
Depreciation and amortization	3	2
Total operating costs and expenses	(488)	19
Operating income (loss)	488	(19)
Other income (expense):
Interest expense	(3)	(4)
Share of earnings (losses) of affiliates, net	(21)	(32)
Realized and unrealized gains (losses) on financial instruments, net	(8)	(28)
Other, net	6	2
Total other income (expense)	(26)	(62)
Earnings (loss) from continuing operations before income taxes	462	(81)
Income tax (expense) benefit	(173)	30
Net earnings (loss)	289	(51)
Net earnings (loss) attributable to Liberty stockholders	$ 289	$ (51)

Financial Information for Tra55

Financial Information for Tracking Stock Groups - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 427	$ 19
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	87	84
Stock-based compensation	34	44
Excess tax benefit from stock-based compensation	(73)	(14)
Share of (earnings) loss of affiliates, net	12	37
Realized and unrealized (gains) losses on financial instruments, net	8	28
Losses (gains) on dilution of investment in affiliate	2	1
Deferred income tax expense (benefit)	114	70
Other, net	3	6
Changes in operating assets and liabilities
Current and other assets	(23)	(22)
Payables and other current liabilities	223	62
Net cash provided (used) by operating activities	814	315
Cash flows from investing activities:
Investments in and loans to cost and equity investees	(11)
Proceeds from Sale of Available-for-sale Securities	2	113
Proceeds (payments) from settlement of financial instruments, net		(17)
Capital expended for property and equipment	(67)	(64)
Purchases of short term investments and other marketable securities	(99)	(10)
Sales of short term investments and other marketable securities	53	136
Other investing activities, net	(3)	(14)
Net cash provided (used) by investing activities	(125)	144
Cash flows from financing activities:
Borrowings of debt	335	1,275
Repayments of debt	(111)	(658)
Repurchases of Liberty common stock		(58)
Shares repurchased by subsidiary	(594)	(535)
Excess tax benefit from stock-based compensation	73	14
Taxes paid in lieu of shares issued for stock-based compensation	(4)	(16)
Other financing activities, net	13	10
Net cash provided (used) by financing activities	(288)	32
Net increase (decrease) in cash and cash equivalents	401	491
Cash and cash equivalents at beginning of period	201	681
Cash and cash equivalents at end of period	602	1,172
Liberty Sirius XM Group
Cash flows from operating activities:
Net earnings (loss)	163	85
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	79	77
Stock-based compensation	24	37
Excess tax benefit from stock-based compensation		(2)
Share of (earnings) loss of affiliates, net	(7)	7
Deferred income tax expense (benefit)	95	120
Intergroup tax allocation	(1)	(1)
Other, net	6	5
Changes in operating assets and liabilities
Current and other assets	(13)	(22)
Payables and other current liabilities	10	(4)
Net cash provided (used) by operating activities	356	302
Cash flows from investing activities:
Capital expended for property and equipment	(30)	(30)
Other investing activities, net	(4)	(4)
Net cash provided (used) by investing activities	(34)	(34)
Cash flows from financing activities:
Borrowings of debt	330	1,265
Repayments of debt	(72)	(658)
Intergroup (payments) receipts	6	4
Shares repurchased by subsidiary	(594)	(535)
Excess tax benefit from stock-based compensation		3
Taxes paid in lieu of shares issued for stock-based compensation	(2)	(13)
Net cash provided (used) by financing activities	(332)	66
Net increase (decrease) in cash and cash equivalents	(10)	334
Cash and cash equivalents at beginning of period	112	148
Cash and cash equivalents at end of period	102	482
Liberty Braves Group
Cash flows from operating activities:
Net earnings (loss)	(25)	(15)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	5	5
Stock-based compensation	2
Share of (earnings) loss of affiliates, net	(2)	(2)
Deferred income tax expense (benefit)	(9)	(3)
Intergroup tax allocation	(6)	(5)
Intergroup tax (payments) receipts		1
Other, net	1	1
Changes in operating assets and liabilities
Current and other assets	(12)	(1)
Payables and other current liabilities	76	44
Net cash provided (used) by operating activities	30	25
Cash flows from investing activities:
Investments in and loans to cost and equity investees	(8)
Capital expended for property and equipment	(37)	(35)
Net cash provided (used) by investing activities	(45)	(35)
Cash flows from financing activities:
Borrowings of debt	5	10
Repayments of debt	(38)
Intergroup (payments) receipts	70
Other financing activities, net	9	8
Net cash provided (used) by financing activities	46	18
Net increase (decrease) in cash and cash equivalents	31	8
Cash and cash equivalents at beginning of period	13	11
Cash and cash equivalents at end of period	44	19
Liberty Media Group
Cash flows from operating activities:
Net earnings (loss)	289	(51)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	3	2
Stock-based compensation	8	7
Excess tax benefit from stock-based compensation	(73)	(12)
Share of (earnings) loss of affiliates, net	21	32
Realized and unrealized (gains) losses on financial instruments, net	8	28
Losses (gains) on dilution of investment in affiliate	2	1
Deferred income tax expense (benefit)	28	(47)
Intergroup tax allocation	7	6
Intergroup tax (payments) receipts		(1)
Other, net	(4)
Changes in operating assets and liabilities
Current and other assets	2	1
Payables and other current liabilities	137	22
Net cash provided (used) by operating activities	428	(12)
Cash flows from investing activities:
Investments in and loans to cost and equity investees	(3)
Proceeds from Sale of Available-for-sale Securities	2	113
Proceeds (payments) from settlement of financial instruments, net		(17)
Capital expended for property and equipment		1
Purchases of short term investments and other marketable securities	(99)	(10)
Sales of short term investments and other marketable securities	53	136
Other investing activities, net	1	(10)
Net cash provided (used) by investing activities	(46)	213
Cash flows from financing activities:
Repayments of debt	(1)
Intergroup (payments) receipts	(76)	(4)
Repurchases of Liberty common stock		(58)
Excess tax benefit from stock-based compensation	73	11
Taxes paid in lieu of shares issued for stock-based compensation	(2)	(3)
Other financing activities, net	4	2
Net cash provided (used) by financing activities	(2)	(52)
Net increase (decrease) in cash and cash equivalents	380	149
Cash and cash equivalents at beginning of period	76	522
Cash and cash equivalents at end of period	$ 456	$ 671