The Liberty Braves Group (BATRK) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 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	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Liberty Sirius XM Group | Common Class A
Entity Common Stock, Shares Outstanding		102,328,903
Liberty Sirius XM Group | Common Class B
Entity Common Stock, Shares Outstanding		9,870,956
Liberty Sirius XM Group | Common Class C
Entity Common Stock, Shares Outstanding		222,776,438
Liberty Braves Group | Common Class A
Entity Common Stock, Shares Outstanding		10,230,989
Liberty Braves Group | Common Class B
Entity Common Stock, Shares Outstanding		986,828
Liberty Braves Group | Common Class C
Entity Common Stock, Shares Outstanding		38,214,044
Liberty Media Group | Common Class A
Entity Common Stock, Shares Outstanding		25,570,920
Liberty Media Group | Common Class B
Entity Common Stock, Shares Outstanding		2,466,821
Liberty Media Group | Common Class C
Entity Common Stock, Shares Outstanding		55,687,219

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Assets, current
Cash and cash equivalents	$ 1,229	$ 201
Trade and other receivables, net	276	247
Other current assets	263	243
Total current assets	1,768	691
Investments in available-for-sale securities and other cost investments	492	533
Investments in affiliates, accounted for using the equity method	1,123	1,115
Property and equipment, at cost	2,792	2,587
Accumulated depreciation	(750)	(708)
Property and equipment, net	2,042	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	1,068	1,097
Other assets	378	465
Total assets	30,889	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	808	758
Current portion of debt	256	255
Deferred revenue	1,883	1,797
Other current liabilities	48	3
Total current liabilities	2,995	2,813
Long-term debt	7,275	6,626
Deferred income tax liabilities	1,852	1,667
Other liabilities	716	561
Total liabilities	12,838	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	268
Accumulated other comprehensive earnings, net of taxes	(51)	(51)
Retained earnings	11,426	10,981
Stockholders' Equity Attributable to Parent, Total	11,647	10,933
Noncontrolling interests in equity of subsidiaries	6,404	7,198
Total equity	18,051	18,131
Total liabilities and equity	30,889	29,798
Liberty Media Corporation | Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued		1
Liberty Media Corporation | Common Class B
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued
Liberty Media Corporation | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued		2
Liberty Sirius XM Group
Assets, current
Cash and cash equivalents	526	112
Trade and other receivables, net	225
Other current assets	232
Total current assets	983
Investments in affiliates, accounted for using the equity method	166	153
Property and equipment, at cost	1,985
Accumulated depreciation	(637)
Property and equipment, net	1,348
Goodwill	14,165
FCC licenses	8,600
Other	930
Intangible assets not subject to amortization	23,695
Intangible assets subject to amortization, net	1,004
Other assets	140
Total assets	27,336
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	715
Current portion of debt	256
Deferred revenue	1,814
Other current liabilities	3
Total current liabilities	2,791
Long-term debt	6,107
Deferred income tax liabilities	1,796
Other liabilities	272
Total liabilities	10,966
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	9,980
Noncontrolling interests in equity of subsidiaries	6,390
Total liabilities and equity	27,336
Liberty Sirius XM Group | Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	1
Total equity	1
Liberty Sirius XM Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	2
Total equity	2
Liberty Braves Group
Assets, current
Cash and cash equivalents	149	13
Trade and other receivables, net	48
Other current assets	27
Total current assets	224
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	647
Accumulated depreciation	(45)
Property and equipment, net	602
Goodwill	180
Other	143
Intangible assets not subject to amortization	323
Intangible assets subject to amortization, net	64
Other assets	12
Total assets	1,285
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	72
Deferred revenue	68
Total current liabilities	139
Long-term debt	137
Deferred income tax liabilities	27
Other liabilities	388
Total liabilities	824
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	447
Noncontrolling interests in equity of subsidiaries	14
Total liabilities and equity	1,285
Liberty Media Group
Assets, current
Cash and cash equivalents	554	76
Trade and other receivables, net	3
Other current assets	4
Total current assets	561
Investments in available-for-sale securities and other cost investments	484	525
Investments in affiliates, accounted for using the equity method	905	$ 923
Property and equipment, at cost	160
Accumulated depreciation	(68)
Property and equipment, net	92
Other assets	226
Total assets	2,401
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	21
Deferred revenue	1
Other current liabilities	45
Total current liabilities	65
Long-term debt	1,031
Deferred income tax liabilities	29
Other liabilities	56
Total liabilities	1,181
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	1,220
Total liabilities and equity	2,401
Liberty Media Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	1
Total equity	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Long-term Debt, Fair Value	$ 994	$ 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
Liberty Media Corporation | Common Class A
Common stock, par or stated value per share		$ 0.01
Common stock, shares authorized		2,000,000,000
Common stock, shares issued		102,193,688
Common stock, shares outstanding		102,193,688
Liberty Media Corporation | Common Class B
Common stock, par or stated value per share		$ 0.01
Common stock, shares authorized		75,000,000
Common stock, shares issued		9,870,966
Common stock, shares outstanding		9,870,966
Liberty Media Corporation | Common Class C
Common stock, par or stated value per share		$ 0.01
Common stock, shares authorized		2,000,000,000
Common stock, shares issued		222,482,377
Common stock, shares outstanding	222,482,377
Liberty Sirius XM Group | Common Class A
Preferred Stock, Par or Stated Value Per Share	$ 0.01
Common stock, shares authorized	2,000,000,000
Common stock, shares issued	102,319,578
Common stock, shares outstanding	102,319,578
Liberty Sirius XM Group | Common Class B
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	75,000,000
Common stock, shares issued	9,870,956
Common stock, shares outstanding	9,870,956
Liberty Sirius XM Group | Common Class C
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	2,000,000,000
Common stock, shares issued	222,756,550
Common stock, shares outstanding	222,756,550
Liberty Braves Group | Common Class A
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	200,000,000
Common stock, shares issued	10,229,806
Common stock, shares outstanding	10,229,806
Liberty Braves Group | Common Class B
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	7,500,000
Common stock, shares issued	986,828
Common stock, shares outstanding	986,828
Liberty Braves Group | Common Class C
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	200,000,000
Common stock, shares issued	38,198,980
Common stock, shares outstanding	38,198,980
Liberty Media Group | Common Class A
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	500,000,000
Common stock, shares issued	25,570,751
Common stock, shares outstanding	25,570,751
Liberty Media Group | Common Class B
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	18,750,000
Common stock, shares issued	2,466,821
Common stock, shares outstanding	2,466,821
Liberty Media Group | Common Class C
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	500,000,000
Common stock, shares issued	55,686,875
Common stock, shares outstanding	55,686,875

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Subscriber revenue	$ 1,032	$ 936	$ 2,041	$ 1,843
Other revenue	334	286	529	460
Total Revenue	1,366	1,222	2,570	2,303
Revenue share and royalties	264	331	516	544
Programming and content	83	61	168	123
Customer service and billing	94	94	191	186
Other	45	34	78	65
Subscriber acquisition costs	129	137	261	259
Other operating expense	122	103	169	133
Selling, general and administrative	208	199	409	401
Legal settlement, net		108	(511)	108
Depreciation and amortization	93	92	180	176
Total operating costs and expenses	1,038	1,051	1,461	1,887
Operating income (loss)	328	171	1,109	416
Other income (expense):
Interest expense	(90)	(83)	(174)	(160)
Share of earnings (losses) of affiliates, net	18		6	(37)
Realized and unrealized gains (losses) on financial instruments, net	(32)	40	(40)	12
Other, net	5	6	12	8
Total other income (expense)	(99)	(37)	(196)	(177)
Earnings (loss) from continuing operations before income taxes	229	134	913	239
Income tax (expense) benefit	(89)	(35)	(346)	(121)
Net earnings (loss)	140	99	567	118
Less net earnings (losses) attributable to the noncontrolling interests	60	38	122	76
Net earnings (loss) attributable to Liberty stockholders	80	61	445	42
Liberty Media Corporation
Other income (expense):
Net earnings (loss) attributable to Liberty stockholders	$ 13	$ 61	$ 378	$ 42
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ 0.04	$ 0.18	$ 1.13	$ 0.12
Series A, B and C common stock, diluted earnings loss per share	$ 0.04	$ 0.18	$ 1.12	$ 0.12
Liberty Sirius XM Group
Revenue:
Subscriber revenue	$ 1,032	$ 936	$ 2,041	$ 1,843
Other revenue	203	183	394	352
Total Revenue	1,235	1,119	2,435	2,195
Revenue share and royalties	264	331	516	544
Programming and content	83	61	168	123
Customer service and billing	94	94	191	186
Other	45	34	78	65
Subscriber acquisition costs	129	137	261	259
Other operating expense	20	18	39	35
Selling, general and administrative	180	169	347	341
Depreciation and amortization	77	81	156	158
Total operating costs and expenses	892	925	1,756	1,711
Operating income (loss)	343	194	679	484
Other income (expense):
Interest expense	(86)	(76)	(167)	(149)
Share of earnings (losses) of affiliates, net	2	3	9	(4)
Other, net			1
Total other income (expense)	(84)	(73)	(157)	(153)
Earnings (loss) from continuing operations before income taxes	259	121	522	331
Income tax (expense) benefit	(99)	(30)	(199)	(155)
Net earnings (loss)	160	91	323	176
Less net earnings (losses) attributable to the noncontrolling interests	60	38	122	76
Net earnings (loss) attributable to Liberty stockholders	$ 82	53	$ 82	100
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ 0.24		$ 0.24
Series A, B and C common stock, diluted earnings loss per share	$ 0.24		$ 0.24
Liberty Braves Group
Revenue:
Other revenue	$ 131	103	$ 135	108
Total Revenue	131	103	135	108
Other operating expense	102	85	130	98
Selling, general and administrative	19	15	33	28
Depreciation and amortization	13	9	18	14
Total operating costs and expenses	134	109	181	140
Operating income (loss)	(3)	(6)	(46)	(32)
Other income (expense):
Interest expense		(1)		(1)
Share of earnings (losses) of affiliates, net	2	2	4	4
Other, net	(1)		(1)
Total other income (expense)	28	1	30	3
Earnings (loss) from continuing operations before income taxes	25	(5)	(16)	(29)
Income tax (expense) benefit		1	16	10
Net earnings (loss)	25	(4)		(19)
Net earnings (loss) attributable to Liberty stockholders	$ 32	(4)	$ 32	(19)
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ 0.89		$ 0.89
Series A, B and C common stock, diluted earnings loss per share	$ 0.11		$ 0.11
Liberty Media Group
Revenue:
Selling, general and administrative	$ 9	15	$ 29	32
Legal settlement, net			(511)
Depreciation and amortization	3	2	6	4
Total operating costs and expenses	12	17	(476)	36
Operating income (loss)	(12)	(17)	476	(36)
Other income (expense):
Interest expense	(4)	(6)	(7)	(10)
Share of earnings (losses) of affiliates, net	14	(5)	(7)	(37)
Realized and unrealized gains (losses) on financial instruments, net	(32)	40	(40)	12
Other, net	6	6	12	8
Total other income (expense)	(43)	35	(69)	(27)
Earnings (loss) from continuing operations before income taxes	(55)	18	407	(63)
Income tax (expense) benefit	10	(6)	(163)	24
Net earnings (loss)	(45)	12	244	(39)
Net earnings (loss) attributable to Liberty stockholders	$ (47)	$ 12	$ (47)	$ (39)
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ (0.57)		$ (0.57)
Series A, B and C common stock, diluted earnings loss per share	$ (0.57)		$ (0.57)

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 140	$ 99	$ 567	$ 118
Other comprehensive earnings (loss), net of taxes:
Unrealized holding gains (losses) arising during the period	1		1
Foreign Currency Translation Adjustment	(1)	(31)	7	(31)
Share of other comprehensive earnings (loss) of equity affiliates	(5)	5	(5)	(2)
Other comprehensive earnings (loss)	(5)	(26)	3	(33)
Comprehensive earnings (loss)	135	73	570	85
Less comprehensive earnings (loss) attributable to the noncontrolling interests	60	24	125	62
Comprehensive earnings (loss) attributable to Liberty stockholders	$ 75	$ 49	$ 445	$ 23

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 567	$ 118
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	180	176
Stock-based compensation	68	91
Excess tax benefit from stock-based compensation	(75)	(35)
Share of (earnings) loss of affiliates, net	(6)	37
Realized and unrealized (gains) losses on financial instruments, net	40	(12)
Deferred income tax expense (benefit)	180	81
Other, net	23	15
Changes in operating assets and liabilities
Current and other assets	(51)	(156)
Payables and other current liabilities	261	367
Net cash provided (used) by operating activities	1,187	682
Cash flows from investing activities:
Investments in and loans to cost and equity investees	(11)
Proceeds from Sale of Available-for-sale Securities	58	149
Proceeds (payments) from settlement of financial instruments, net		(19)
Capital expended for property and equipment	(160)	(139)
Purchases of short term investments and other marketable securities	(258)	(32)
Sales of short term investments and other marketable securities	273	180
Other investing activities, net	12	(22)
Net cash provided (used) by investing activities	(86)	117
Cash flows from financing activities:
Borrowings of debt	1,453	1,343
Repayments of debt	(816)	(661)
Repurchases of Liberty common stock		(300)
Shares repurchased by subsidiary	(996)	(1,084)
Proceeds from Liberty Braves common stock rights offering	203
Excess tax benefit from stock-based compensation	75	35
Taxes paid in lieu of shares issued for stock-based compensation	(10)	(27)
Other financing activities, net	18	4
Net cash provided (used) by financing activities	(73)	(690)
Net increase (decrease) in cash and cash equivalents	1,028	109
Cash and cash equivalents at beginning of period	201	681
Cash and cash equivalents at end of period	$ 1,229	$ 790

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Millions	Liberty Media CorporationCommon StockCommon Class A	Liberty Media CorporationCommon StockCommon Class C	Liberty Sirius XM GroupCommon Class A	Liberty Sirius XM GroupCommon Class C	Liberty Sirius XM Group	Liberty Media GroupCommon Class C	Liberty Media Group	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					$ 323		$ 244			445	122	567
Other Comprehensive Income (Loss), Net of Tax											3	3
Stock-based compensation								$ 44			16	60
Minimum withholding taxes on net share settlements of stock-based compensation								(10)				(10)
Excess tax benefits on stock-based compensation								73			(1)	72
Issuance of stock upon exercise of stock options								4				4
Shares repurchased by subsidiary								(40)			(952)	(992)
Shares issued by subsidiary								(4)			4
Recapitalization of tracking stock groups	$ (1)	$ (2)	$ 1	$ 2		$ 1						1
Common stock issued pursuant to the Series C Liberty Braves common stock rights offering								203				203
Contribution by noncontrolling interest											14	14
Other								(2)				(2)
Balance at Jun. 30, 2016			$ 1	$ 2		$ 1		$ 268	$ (51)	$ 11,426	$ 6,404	$ 18,051

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 plan to early adopt this new guidance in the third quarter of 2016. We are currently evaluating the impact of adoption of this guidance on our consolidated financial statements but do not believe that it will have a significant impact. 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. Upon completion of the spin-off, Liberty Broadband was 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 Media Corporation’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 Media Corporation 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). On July 22, 2016, Liberty entered into a services agreement with CommerceHub, Inc. (“CommerceHub”), which was a wholly owned subsidiary of Liberty Interactive prior to the completion of its spin-off on such date. 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, Liberty Broadband and CommerceHub with general and administrative services including legal, tax, accounting, treasury and investor relations support. Liberty Interactive, Starz, TripCo, Liberty Broadband and CommerceHub 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, Liberty Broadband and CommerceHub 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 $6 million of these allocated expenses were reimbursed to Liberty during each of the three months ended June 30, 2016 and 2015 , and $11 million and $14 million during the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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. In May 2016, the IRS completed its review of the Recapitalization and notified Liberty that it agreed with the nontaxable characterization of the transaction. The operating results prior to the Recapitalization are attributed to Liberty stockholders in the aggregate. However, the information in the following footnotes has been presented by tracking stock groups for all periods presented in order 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 distributed to holders of its Liberty Braves common stock subscription rights to acquire shares of Series C Liberty Braves common stock in order to raise capital to repay the Intergroup Note (as defined below) and for working capital purposes. In the rights distribution, Liberty distributed 0.47 of a Series C Liberty Braves subscription right for each share of Series A, Series B or Series C Liberty Braves common stock held as of 5:00 p.m., New York City time, on May 16, 2016. Fractional Series C Liberty Braves subscription rights were rounded up to the nearest whole right. Each whole Series C Liberty Braves subscription right entitled the holder to purchase, pursuant to the basic subscription privilege, one share of Liberty’s Series C Liberty Braves common stock at a subscription price of $12.80 , which was equal to an approximate 20% discount to the trading day volume weighted average trading price of Liberty’s Series C Liberty Braves common stock for the 18 -day trading period ending on May 11, 2016. Each Series C Liberty Braves subscription right also entitled the holder to subscribe for additional shares of Series C Liberty Braves common stock that were unsubscribed for in the rights offering pursuant to an oversubscription privilege. The rights offering commenced on May 18, 2016, which was also the ex-dividend date for the distribution of the Series C Liberty Braves subscription rights. The rights offering expired at 5:00 p.m. New York City time, on June 16, 2016 and was fully subscribed with 15,833,634 shares of Series C Liberty Braves common stock issued to those rightsholders exercising basic and, if applicable, oversubscription privileges. Approximately $150 million of the proceeds from the rights offering were used to repay the outstanding balance on the Intergroup Note and accrued interest to Liberty. The remaining proceeds will be used for future development costs attributed to the Liberty Braves Group. 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”). The Series A Liberty Braves common stock component of the Securities Basket was subsequently adjusted pursuant to anti-dilution adjustments arising out of the distribution of subscription rights to purchase shares of Series C Liberty Braves common stock made to all holders of Liberty Braves common stock. Furthermore, the Company entered into amended agreements 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. See note 9 for a more detailed discussion of the amendments made to these financial instruments as a result of the Recapitalization. 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, and its margin loan obligation incurred by a wholly-owned special purpose subsidiary of Liberty. As of June 30, 2016 , the Liberty SiriusXM Group has cash and cash equivalents of approximately $526 million, which includes $476 million of subsidiary cash. 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 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 borrowed and used for investment in the Development Project. As previously discussed, $150 million was outstanding under the Intergroup Note that was repaid during June 2016 using proceeds from the subscription rights offering, and the Intergroup Note agreement was cancelled. The remaining proceeds were attributed to the Liberty Braves Group. As of June 30, 2016, the Liberty Braves Group has cash and cash equivalents of approximately $149 million, which includes subsidiary cash. 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 as well as Liberty’s 1.375% Cash Convertible Notes due 2023 and related financial instruments. As part of the Recapitalization, the Liberty Media Group initially held a 20% intergroup interest in the Liberty Braves Group. As a result of the rights offering, the number of notional shares representing the intergroup interest held by the Liberty Media Group was adjusted to 9,084,940 , representing a 15.6% intergroup interest in the Liberty Braves Group. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Liberty Media Group has an attributed value in the Liberty Braves Group which is generally stated in terms of a number of shares of Series C Liberty Braves common stock issuable to the Liberty Media Group with respect to its interest in the Liberty Braves Group. The intergroup interest may be settled, at the discretion of the Board of Directors, through the transfer of newly issued shares of Liberty Braves common stock, cash and/or other assets to the Liberty Media Group. Accordingly, the intergroup interest attributable to the Liberty Media Group is presented as an asset and the intergroup interest attributable to the Liberty Braves Group is presented as a liability in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation. The intergroup interest will remain outstanding until the redemption of the outstanding interest, at the discretion of the Company’s Board of Directors, through transfer of securities, cash and/or other assets from the Liberty Braves Group to the Liberty Media Group. As of June 30, 2016, the Liberty Media Group has cash and cash equivalents of approximately $554 million. See Exhibit 99.1 to this Quarterly Report on Form 10-Q for unaudited attributed financial information for Liberty's tracking stock groups.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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 Media Corporation common stock (“Liberty Awards”) were 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 Media Corporation 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 were determined based on 1) the exercise prices and number of shares subject to the Liberty Media Corporation Award, 2) the distribution ratios, 3) the pre-Recapitalization trading price of Liberty Media Corporation 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 value of the Liberty Media Corporation 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 Six months ended June 30, June 30, 2016 2015 2016 2015 (amounts in millions) Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $ In connection with our CEO’s employment agreement, Liberty granted approximately 775 thousand options of Series C Liberty Media Corporation common stock and 39 thousand performance-based restricted stock units of Series C Liberty Media Corporation 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. Also during the six months ended June 30, 2016 , Liberty granted 84 thousand, 346 thousand and 32 thousand options to purchase shares of Series C common stock of Liberty Media, Liberty SiriusXM and Liberty Braves, respectively. Such options had a weighted average grant-date fair value (“GDFV”) of $4.50 , $7.45 and $3.56 per share, respectively, and each grant vests 50% each on December 31, 2019 and 2020. The Company did not grant any options to purchase Series A or Series B of Liberty Media, Liberty SiriusXM or Liberty Braves common stock during the six months ended June 30, 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. Liberty Media Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Recapitalization adjustment $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 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 $ Recapitalization adjustment $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $ Liberty SiriusXM Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $ Liberty Braves Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $ As of June 30, 2016 , the total unrecognized compensation cost related to unvested Awards was approximately $61 million . Such amount will be recognized in the Company's condensed consolidated statements of operations over a weighted average period of approximately 2.5 years. As of June 30, 2016 , Liberty reserved 3.3 million, 13.6 million and 1.3 million shares of Series A and Series C common stock of Liberty Media, Liberty SiriusXM and Liberty Braves, respectively, 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 six months ended June 30, 2016 . As of June 30, 2016 , SIRIUS XM has approximately 339 million options outstanding of which approximately 114 million are exercisable, each with a weighted-average exercise price per share of $3.32 and $2.47 , respectively. The aggregate intrinsic value of SIRIUS XM options outstanding and exercisable as of June 30, 2016 is $217 million and $168 million , respectively. The stock-based compensation expense related to SIRIUS XM was $24 million and $37 million for the three months ended June 30, 2016 and 2015 , respectively, and $48 million and $74 million for the six months ended June 30, 2016 and 2015 , respectively. As of June 30, 2016 , the total unrecognized compensation cost related to unvested SIRIUS XM stock options and restricted stock units was $211 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 2.4 years.

Earnings Attributable to Libert

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share	6 Months Ended
	Jun. 30, 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 (“WASO”) 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, including any necessary adjustments to earnings (loss) attributable to shareholders. As discussed in note 2, on April 15, 2016, the Company completed a recapitalization of its common stock into three new tracking stock groups, one designated as the Liberty SiriusXM common stock, one designated as the Liberty Braves common stock and one designated as the Liberty Media common stock. The operating results prior to the Recapitalization are attributed to Liberty Media Corporation stockholders in the aggregate, and the operating results subsequent to the Recapitalization are attributed to the respective tracking stock groups. Excluded from diluted EPS for the period subsequent to the Recapitalization through June 30, 2016 are approximately 21 million potentially dilutive shares of Series A Liberty SiriusXM common stock, 2 million potentially dilutive shares of Series A Liberty Braves common stock and 5 million potentially dilutive shares of Series A Liberty Media common stock, primarily due to warrants issued in connection with the Bond Hedge Transaction (note 9), because their inclusion would be antidilutive. The Amended Warrant Transactions (note 9) may have a dilutive effect with respect to the shares comprising the Securities Basket underlying the warrants to the extent that the settlement price exceeds the strike price of the warrants, and the warrants are settled in shares comprising such Securities Basket. The warrants and any potential future settlement have been attributed to the Liberty Media Group. Series A, Series B and Series C Liberty Media Corporation Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. Liberty Media Corporation Common Stock April 1, 2016 Three months January 1, 2016 Six months through ended through ended April 15, 2016 June 30, 2015 April 15, 2016 June 30, 2015 numbers of shares in millions Basic WASO Potentially dilutive shares Diluted WASO Excluded from diluted EPS for the period ended April 15, 2016 are 23 million potential common shares, primarily due to warrants issued in connection with the Bond Hedge Transaction (note 9), because their inclusion would be antidilutive. Series A, Series B and Series C Liberty SiriusXM Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. Liberty SiriusXM Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA Series A, Series B and Series C Liberty Braves Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. Liberty Braves Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 (a)(b) June 30, 2015 June 30, 2016 (a)(b) June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA (a) As discussed in note 2, subsequent to the Recapitalization, Liberty distributed subscription rights to holders of Liberty Braves common stock, which were priced at a discount to the market value, to acquire additional shares of Liberty Braves common stock. The rights offering, because of the discount, is considered a stock dividend which requires retroactive treatment for prior periods for the weighted average shares outstanding. (b) As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Liberty Media Group’s intergroup interest in the Liberty Braves Group was adjusted to 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Liberty Media Group has an attributed value in the Liberty Braves Group which is generally stated in terms of a number of shares of stock issuable to the Liberty Media Group with respect to its interest in the Liberty Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C Liberty Braves common stock. However, Liberty has assumed that the notional shares (if and when issued) would be comprised of Series C Liberty Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C Liberty Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations . The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows: April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 $ amounts in millions Basic earnings (loss) attributable to Liberty Braves shareholders NA NA Unrealized (gain) loss on the intergroup interest NA NA Diluted earnings (loss) attributable to Liberty Braves shareholders $ NA NA Series A, Series B and Series C Liberty Media Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. Liberty Media Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA

Assets And Liabilities Measured

Assets And Liabilities Measured At Fair Value	6 Months Ended
	Jun. 30, 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 June 30, 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. Short term marketable securities are included in the Other current 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 Six months ended June 30, June 30, 2016 2015 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	6 Months Ended
	Jun. 30, 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: June 30, 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 June 30, 2016 . (b) During the six months ended June 30, 2015 , Liberty sold 1.8 million shares of Viacom common stock for approximately $122 million in proceeds. Unrealized Holding Gains and Losses There were no unrealized holding gains and losses related to investments in AFS securities as of June 30, 2016 or December 31, 2015 .

Investments In Affiliates Accou

Investments In Affiliates Accounted For Using The Equity Method	6 Months Ended
	Jun. 30, 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 June 30, 2016 and the carrying amount at December 31, 2015 : June 30, 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 June 30, 2016 . The following table presents the Company's share of earnings (losses) of affiliates: Three months ended Six months ended June 30, June 30, 2016 2015 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 Holdings Inc. (“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 June 30, 2016 , SIRIUS XM has approximately $3 million and $9 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 June 30, 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 $11 million and $13 million in revenue for the three months ended June 30, 2016 and 2015 , respectively, and $21 million and $26 million for the six months ended June 30, 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 June 30, 2016 and 2015 and $8 million during each of the six months ended June 30, 2016 and 2015 . On May 12, 2016, a subsidiary of SIRIUS XM, Sirius XM Radio Inc. (“Sirius XM Radio”), entered into an arrangement agreement (the “Arrangement Agreement”) with SIRIUS XM Canada. Pursuant to the Arrangement Agreement, SIRIUS XM Radio and certain Canadian shareholders will form a new company to acquire shares of SIRIUS XM Canada not already owned by them pursuant to a plan of arrangement (the “Transaction”). In connection with the Transaction, SIRIUS XM Canada’s shareholders will be entitled to elect to receive, for each share of SIRIUS XM Canada held, C$4.50 (U.S. $3.50 as of May 12, 2016) in (i) cash, (ii) shares of SIRIUS XM’s common stock, (iii) a security exchangeable for shares of SIRIUS XM’s common stock, or (iv) a combination thereof; provided that no more than 50% of the total consideration in the Transaction (or up to 35 million shares) will be issued in SIRIUS XM common stock and exchangeable shares. All of the obligations of SIRIUS XM Radio under the Arrangement Agreement are guaranteed by SIRIUS XM. Following the Transaction, SIRIUS XM Radio is expected to hold a 70% economic interest and 33% voting interest in SIRIUS XM Canada, with the remainder of the voting power and economic interest held by Slaight Communications and Obelysk Media, two of SIRIUS XM Canada’s current Canadian shareholders. SIRIUS XM Radio expects to contribute to SIRIUS XM Canada approximately U.S. $275 million in connection with the Transaction (assuming that all shareholders elect to receive cash in connection with the Transaction), which amount is expected to be used to pay the cash consideration to SIRIUS XM Canada’s shareholders and will be decreased proportionately if shareholders elect to receive consideration in shares of SIRIUS XM common stock or securities exchangeable for SIRIUS XM common stock. The Transaction is subject to the approval of two-thirds of the shareholders of SIRIUS XM Canada, as well as a majority of the minority shareholders of SIRIUS XM Canada. The Transaction is also subject to receipt of court and Canadian Radio-Television and Telecommunications Commission approval. Pending receipt of all necessary approvals, the Transaction is expected to close no later than end of the fourth quarter of 2016.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2016 . Intangible Assets Subject to Amortization June 30, 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 $47 million and $40 million for the three months ended June 30, 2016 and 2015 , respectively, and $86 million and $72 million for the six months ended June 30, 2016 and 2015 , respectively. Based on its amortizable intangible assets as of June 30, 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	6 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Debt	(9) Long-Term Debt Debt is summarized as follows: Outstanding Carrying value Principal June 30, December 31, June 30, 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 5.375% Senior Notes due 2026 — 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. During the year ended December 31, 2014, in connection with the issuance of Series C Liberty Media Corporation common stock and the Broadband Spin-Off, as discussed in note 1, the initial conversion rate for the Convertible Notes was adjusted to 21.0859 shares of Series A Liberty Media Corporation common stock per $1,000 principal amount of Convertible Notes with an equivalent conversion price of $4 7.43 per share of Series A Liberty Media Corporation common stock . As a result of the Recapitalization, as discussed in note 2, the Convertible Notes are 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 Media Corporation 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 Media Corporation 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. The Series A Liberty Braves common stock component of the Securities Basket was adjusted to 0.1087 pursuant to anti-dilution adjustments arising out of the distribution of subscription rights to purchase shares of Series C Liberty Braves common stock made to all holders of Liberty Braves 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 certain circumstances. 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 June 30, 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. 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 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 Media Corporation 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 Series A Liberty Media Corporation common stock, which corresponds to the 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 Media Corporation common stock and the strike price was adjusted to $47.43 per share of Series A Liberty Media Corporation common stock, which corresponded to the adjusted conversion price of the Convertible Notes. In connection with the Recapitalization and the entry into the supplemental indenture on April 15, 2016, Liberty entered into amendments to the Bond Hedge Transaction with each of the counterparties to reflect the adjustments resulting from the Recapitalization. As of the effective date of the Recapitalization, the Bond Hedge Transaction covered, in the aggregate, 5,271,475 shares of Series A Liberty Media common stock, 21,085,900 shares of Series A Liberty SiriusXM common stock and 2,108,590 shares of Series A Liberty Braves common stock, subject to anti-dilution adjustments pertaining to the Convertible Notes, which was equal to the aggregate number of shares comprising the Securities Basket underlying the Convertible Notes at that time. The aggregate number of shares of Series A Liberty Braves common stock relating to the Bond Hedge Transaction was increased to 2,292,037 , pursuant to anti-dilution adjustments arising out of the rights distribution (note 2). As of June 30, 2016, the basket price of the securities underlying the Bond Hedge Transaction was $37.78 per share. 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 June 30, 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. Concurrently with the Convertible Notes and Bond Hedge Transaction, Liberty also entered into separate privately negotiated warrant transactions under which Liberty sold warrants relating to the same number of shares of common stock as underlie the Bond Hedge Transaction, subject to anti-dilution adjustments (“Warrant Transactions”). The first expiration date of the warrants is January 16, 2024 and expire over a period covering 81 days thereafter. Liberty may elect to settle its delivery obligation under the Warrant Transactions with cash. As of December 31, 2015, there were 21,085,900 warrants outstanding with a strike price of $64.46 per share . In connection with the Recapitalization, Liberty entered into amendments to the Warrant Transactions with each of the option counterparties to reflect the adjustments to the Warrant Transactions resulting from the Recapitalization (“Amended Warrant Transactions”). As of the effective date of the Recapitalization, the Amended Warrant Transactions covered, in the aggregate, 5,271,475 shares of Series A Liberty Media common stock, 21,085,900 shares of Series A Liberty SiriusXM common stock and 2,108,590 shares of Series A Liberty Braves common stock, subject to anti-dilution adjustments. The aggregate number of shares of Series A Liberty Braves common stock relating to the Amended Warrant Transactions was increased to 2,292,037 pursuant to anti-dilution adjustments arising out of the rights distribution. The strike price of the warrants was adjusted, as a result of the Recapitalization and the rights offering, to $61.16 per share. As of June 30, 2016, the basket price of the securities underlying the Amended Warrant Transactions was $37.78 per share. The Amended Warrant Transactions may have a dilutive effect with respect to the shares comprising the Securities Basket underlying the warrants to the extent that the settlement price exceeds the strike price of the warrants, and the warrants are settled in shares comprising such Securities Basket. The Convertible Notes, Bond Hedge Transaction and warrant transactions 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 2.38% per annum at June 30, 2016 . Other terms of the agreement were substantially similar to the previous arrangement. As of June 30, 2016 , availability under the revolving line of credit was $1 billion. As of June 30, 2016 , the value 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 June 30, 2016 June 30, 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 5.375% Senior Notes due 2026 In May 2016, SIRIUS XM issued $1.0 billion principal amount of new senior notes due July 2026 which bear interest at an annual rate 5.375% (“SIRIUS XM 5.375% Senior Notes due 2026”) with an original issuance discount of $11 million. The SIRIUS XM 5.375% Senior Notes due 2026 are recorded net of the remaining unamortized discount. 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 June 30, 2016 was 0.30% per annum and is payable on a quarterly basis. As of June 30, 2016 , availability under the Credit Facility was $1,750 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. 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 June 30, 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 June 30, 2016 , the weighted average interest rate on the credit facilities was 1.99% . As of June 30, 2016 , Braves Holdings has borrowed approximately $133 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 regarding 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 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. 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 of June 30, 2016 , $12 million was drawn on these facilities with a weighted average interest rate of 2.46% . 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 June 30, 2016 was $34 million. As of June 30, 2016 , approximately $420 million has been spent to-date on the baseball facility, of which approximately $331 million of funding has been provided by the Authority, and $179 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 June 30, 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): June 30, 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 $ SIRIUS XM 5.375% Senior Notes due 2026 $ 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 June 30, 2016 .

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 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. On March 1, 2016, BDC Hotel I, LLC (the “Braves Member”), a wholly-owned subsidiary of Braves Holdings, entered into a 50/50 joint venture partnership pursuant to a limited liability company agreement with the Omni Georgia Hotel Company, LLC (the “Omni Member”), a third party, for the formation of the Georgia Ballpark Hotel Company, LLC (“Hotel Company”). The purpose of the Hotel Company is to develop, own and operate a hotel on the mixed-use complex around the new Atlanta Braves baseball stadium. The Company’s interest in the Hotel Company is accounted for as an equity method investment. During June 2016, the Hotel Company entered into a term loan with a capacity of $58.5 million (the “Construction Loan”). The Construction Loan is scheduled to mature during December 2019 and contains two 12 -month extension options. The Construction Loan was undrawn as of June 30, 2016. In connection with the Construction Loan, the Braves Member and the Omni Member each provided a 50% loan guarantee on a several, but not joint, liability basis for the duration of the term of the loan. Each of the Braves Member and the Omni Member may be required to provide additional capital if the Hotel Company defaults on the Construction Loan. Additionally, the Construction Loan contains a covenant regarding the net worth of the Braves Member’s parent (Braves Development Company, LLC). As of June 30, 2016, the Braves Member is in compliance with this covenant, and the potential for the Hotel Company’s default on the Construction Loan is considered remote. Accordingly, a liability related to the Construction Loan guarantee has not been recorded as of June 30, 2016. 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 June 30, 2016 aggregated $230 million, which is payable as follows: $36 million in 2016 , $53 million in 2017, $48 million in 2018, $40 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 practices 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 and $20 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 and six months ended June 30, 2016 , respectively, 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 $63 million of the settlement, approximately $20 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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 June 30, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — — Total Liberty Media Group — — $ Six months ended June 30, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — 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 June 30, 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 Six months ended June 30, June 30, 2016 2015 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 $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Schedule of Stock-Based Compensation Allocation of Expense	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (amounts in millions) Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $
Liberty Sirius XM Group | 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 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $
Liberty Sirius XM Group | 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 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $
Liberty Braves Group | 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 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $
Liberty Braves Group | 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 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $
Liberty Media Group | 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 — $ — Recapitalization adjustment $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $
Liberty Media Group | 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 $ Recapitalization adjustment $ Outstanding at June 30, 2016 $ years $ Exercisable at June 30, 2016 $ years $

Earnings Attributable to Libe20

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Liberty Media Corporation
Reconciliation of Basic and Diluted Weighted Average Shares	Liberty Media Corporation Common Stock April 1, 2016 Three months January 1, 2016 Six months through ended through ended April 15, 2016 June 30, 2015 April 15, 2016 June 30, 2015 numbers of shares in millions Basic WASO Potentially dilutive shares Diluted WASO
Liberty Sirius XM Group
Reconciliation of Basic and Diluted Weighted Average Shares	Liberty SiriusXM Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA
Liberty Braves Group
Reconciliation of Basic and Diluted Weighted Average Shares	Liberty Braves Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 (a)(b) June 30, 2015 June 30, 2016 (a)(b) June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA (a) As discussed in note 2, subsequent to the Recapitalization, Liberty distributed subscription rights to holders of Liberty Braves common stock, which were priced at a discount to the market value, to acquire additional shares of Liberty Braves common stock. The rights offering, because of the discount, is considered a stock dividend which requires retroactive treatment for prior periods for the weighted average shares outstanding. (b) As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Liberty Media Group’s intergroup interest in the Liberty Braves Group was adjusted to 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Liberty Media Group has an attributed value in the Liberty Braves Group which is generally stated in terms of a number of shares of stock issuable to the Liberty Media Group with respect to its interest in the Liberty Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C Liberty Braves common stock. However, Liberty has assumed that the notional shares (if and when issued) would be comprised of Series C Liberty Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C Liberty Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations . The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows: April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 $ amounts in millions Basic earnings (loss) attributable to Liberty Braves shareholders NA NA Unrealized (gain) loss on the intergroup interest NA NA Diluted earnings (loss) attributable to Liberty Braves shareholders $ NA NA
Liberty Media Group
Reconciliation of Basic and Diluted Weighted Average Shares	Liberty Media Common Stock April 15, 2016 Three months April 15, 2016 Six months through ended through ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 numbers of shares in millions Basic WASO NA NA Potentially dilutive shares NA NA Diluted WASO NA NA

Assets And Liabilities Measur21

Assets And Liabilities Measured At Fair Value (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	Fair Value Measurements at Fair Value Measurements at June 30, 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 Six months ended June 30, June 30, 2016 2015 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-22

Investments In Available-For-Sale Securities And Other Cost Investments (Tables)	6 Months Ended
	Jun. 30, 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	June 30, 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 June 30, 2016 . (b) During the six months ended June 30, 2015 , Liberty sold 1.8 million shares of Viacom common stock for approximately $122 million in proceeds.

Investments In Affiliates Acc23

Investments In Affiliates Accounted For Using The Equity Method (Tables)	6 Months Ended
	Jun. 30, 2016
Investments in Affiliates Accounted for Using the Equity Method
Schedule Of Equity Ownership And Carrying Amount	June 30, 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 June 30, 2016 .
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates	Three months ended Six months ended June 30, June 30, 2016 2015 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)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets subject to amortization	June 30, 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 June 30, 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)	6 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments	Outstanding Carrying value Principal June 30, December 31, June 30, 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 5.375% Senior Notes due 2026 — 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 June 30, 2016 June 30, 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): June 30, 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 $ SIRIUS XM 5.375% Senior Notes due 2026 $

Information About Liberty's O26

Information About Liberty's Operating Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Information About Liberty's Operating Segments
Performance Measures By Segment	Three months ended June 30, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — Total Liberty SiriusXM Group Liberty Braves Group Corporate and other Total Liberty Braves Group Liberty Media Group Corporate and other — — Total Liberty Media Group — — $ Six months ended June 30, 2016 2015 Adjusted Adjusted Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — 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	June 30, 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 Six months ended June 30, June 30, 2016 2015 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 (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Statement of Operations	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 — Other current assets — Total current assets — Intergroup interest in the Liberty Braves Group (note 2) — — — Investments in available-for-sale securities and other cost investments (note 3) — — Investments in affiliates, accounted for using the equity method (note 4) — 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 — Total assets $ Liabilities and Equity Current liabilities: Intergroup payable (receivable) (note 7) $ — — Accounts payable and accrued liabilities — Current portion of debt (note 5) — — — Deferred revenue — Other current liabilities — — Total current liabilities — Long-term debt (note 5) — Deferred income tax liabilities — Redeemable intergroup interest (note 2) — — — 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 June 30, 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 6): 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 — — Unrealized gains (losses) on intergroup interest (note 2) — — Other, net — Earnings (loss) 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 June 30, 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 6): 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) 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 Six months ended June 30, 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 6): 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 — — Unrealized gains (losses) on intergroup interest (note 2) — — Other, net Earnings (loss) 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 Six months ended June 30, 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 6): 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) 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 Six months ended June 30, 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 Unrealized (gains) losses on intergroup interest, net — — Realized and unrealized (gains) losses on financial instruments, net — — 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 — — Proceeds from Liberty Braves common stock rights offering — — 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 Six months ended June 30, 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 — — 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		6 Months Ended		12 Months Ended
	Oct. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2016	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 CommerceHub [member]
Entity Information [Line Items]
Related Party Transaction, Amounts of Transaction		$ 6	$ 6	$ 11	$ 14
Starz, LLC | Lease Agreements
Entity Information [Line Items]
Related Party Transaction, Amounts of Transaction						$ 4

Tracking Stocks (Narrative) (De

Tracking Stocks (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended
	Jun. 30, 2016USD ($)shares	Jun. 16, 2016$ / sharesshares	May 11, 2016	Apr. 15, 2016shares	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Oct. 17, 2013
Targeted or Tracking Stock, Stock [Line Items]
Number of tracking stock groups				3
Cash and cash equivalents	$ 1,229				$ 201	$ 790	$ 681
Outstanding principal	7,582
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
Cash and cash equivalents	526				112	294	148
Outstanding principal	6,408
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
Cash and cash equivalents	149				13	34	11
Outstanding principal	137
Liberty Braves Group | Common Class C
Targeted or Tracking Stock, Stock [Line Items]
Number of subscription rights received for each share of common stock held | shares		0.47
Share Price | $ / shares		$ 12.80
Pre rights offering trading period			18 days
Stock Issued During Period, Shares, Period Increase (Decrease) | shares		15,833,634
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
Cash and cash equivalents	554				76	$ 462	$ 522
Outstanding principal	$ 1,037
Liberty Media Group | Common Class C
Targeted or Tracking Stock, Stock [Line Items]
Percentage discount on stock subscriptions			20
Liberty Braves Group | Liberty Media Group
Targeted or Tracking Stock, Stock [Line Items]
Percentage ownership	15.60%			20.00%
Investment Owned, Balance, Shares | shares	9,084,940
SIRIUS XM | Liberty Sirius XM Group
Targeted or Tracking Stock, Stock [Line Items]
Cash and cash equivalents	$ 476
Intergroup note | Liberty Braves Group
Targeted or Tracking Stock, Stock [Line Items]
Repayments of Lines of Credit	$ 150
Line of Credit Facility, Maximum Borrowing Capacity					$ 165
1.375% Cash Convertible Senior Notes due 2023
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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	$ 34	$ 47	$ 68	$ 91
Programming and content expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	4	4	8	8
Customer service and billing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	1	2	2	3
Other cost of subscriber services
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	1	2	2	4
Operating operating expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	3	4	6	8
Selling, General and Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	$ 25	$ 35	$ 50	$ 68

Stock-Based Compensation (Det31

Stock-Based Compensation (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 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 | $	$ 61
Weighted average period of recognition related to unvested equity awards (in years)	2 years 6 months
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
Liberty Sirius XM Group
Common Stock, Capital Shares Reserved for Future Issuance	13,600,000
Liberty Sirius XM Group | Common Class A
Options granted	0
Liberty Sirius XM Group | Common Class B
Options granted	0
Liberty Sirius XM Group | Common Class C
Options granted	346,000
Liberty Sirius XM Group | 2013 Plan | Common Class C
Options granted	346,000
Weighted average grant-date fair value | $ / shares	$ 7.45
Liberty Braves Group
Common Stock, Capital Shares Reserved for Future Issuance	1,300,000
Liberty Braves Group | Common Class A
Options granted	0
Liberty Braves Group | Common Class B
Options granted	0
Liberty Braves Group | Common Class C
Options granted	32,000
Liberty Braves Group | 2013 Plan | Common Class C
Options granted	32,000
Weighted average grant-date fair value | $ / shares	$ 3.56
Liberty Media Group
Common Stock, Capital Shares Reserved for Future Issuance	3,300,000
Liberty Media Group | Common Class A
Options granted	0
Liberty Media Group | Common Class B
Options granted	0
Liberty Media Group | Common Class C
Options granted	869,000
Liberty Media Group | 2013 Plan | Common Class C
Options granted	84,000
Weighted average grant-date fair value | $ / shares	$ 4.50

Stock-Based Compensation (Det32

Stock-Based Compensation (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Liberty Sirius XM Group | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Options exercised	(46,000)
Recapitalization adjustment	(2,235,000)
Outstanding options, Ending Balance	2,189,000
Exercisable options	2,105,000
WAEP exercised | $ / shares	$ 18.15
Recapitalization adjustment WAEP | $ / shares	19.33
Outstanding WAEP, End of period | $ / shares	19.35
Exercisable WAEP | $ / shares	$ 19.25
Weighted average remaining life, outstanding	2 years 8 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 7 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 26
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 25
Liberty Sirius XM Group | Common Class B
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Liberty Sirius XM Group | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	346,000
Options exercised	(71,000)
Options forfeited/cancelled	(1,000)
Recapitalization adjustment	(11,154,000)
Outstanding options, Ending Balance	11,428,000
Exercisable options	4,940,000
WAEP granted | $ / shares	$ 31.66
WAEP exercised | $ / shares	18.93
Forfeited/Cancelled, WAEP | $ / shares	28.27
Recapitalization adjustment WAEP | $ / shares	25.34
Outstanding WAEP, End of period | $ / shares	25.57
Exercisable WAEP | $ / shares	$ 20.57
Weighted average remaining life, outstanding	4 years 10 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 1 month
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 63
Outstanding options, aggregate intrinsic value | $	$ 51
Liberty Sirius XM Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	346,000
Liberty Braves Group | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Options exercised	(10,000)
Recapitalization adjustment	(207,000)
Outstanding options, Ending Balance	197,000
Exercisable options	190,000
WAEP exercised | $ / shares	$ 11.42
Recapitalization adjustment WAEP | $ / shares	11.30
Outstanding WAEP, End of period | $ / shares	11.30
Exercisable WAEP | $ / shares	$ 11.26
Weighted average remaining life, outstanding	2 years 10 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 8 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 1
Liberty Braves Group | Common Class B
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Liberty Braves Group | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	32,000
Options exercised	(20,000)
Recapitalization adjustment	(1,071,000)
Outstanding options, Ending Balance	1,083,000
Exercisable options	447,000
WAEP granted | $ / shares	$ 15.11
WAEP exercised | $ / shares	11.19
Recapitalization adjustment WAEP | $ / shares	14.74
Outstanding WAEP, End of period | $ / shares	14.82
Exercisable WAEP | $ / shares	$ 12.02
Weighted average remaining life, outstanding	4 years 11 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 2 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 1
Liberty Braves Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	32,000
Liberty Media Group | 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	(162,000)
Recapitalization adjustment	(1,682,000)
Outstanding options, Ending Balance	516,000
Exercisable options	496,000
Outstanding WAEP, Beginning of period | $ / shares	$ 23.36
WAEP exercised | $ / shares	22.47
Recapitalization adjustment WAEP | $ / shares	10.64
Outstanding WAEP, End of period | $ / shares	11.56
Exercisable WAEP | $ / shares	$ 11.52
Weighted average remaining life, outstanding	2 years 10 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 8 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 4
Liberty Media Group | Common Class B
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	0
Liberty Media Group | 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	869,000
Options exercised	(381,000)
Options forfeited/cancelled	(1,000)
Recapitalization adjustment	(8,351,000)
Outstanding options, Ending Balance	2,749,000
Exercisable options	1,157,000
Outstanding WAEP, Beginning of period | $ / shares	$ 30.09
WAEP granted | $ / shares	35.87
WAEP exercised | $ / shares	22.19
Forfeited/Cancelled, WAEP | $ / shares	36.95
Recapitalization adjustment WAEP | $ / shares	14.08
Outstanding WAEP, End of period | $ / shares	14.88
Exercisable WAEP | $ / shares	$ 11.99
Weighted average remaining life, outstanding	4 years 11 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 1 month
Outstanding options, aggregate intrinsic value | $	$ 11
Exercisable Options, Aggregate Intrinsic Value | $	$ 8
Liberty Media Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	84,000

Stock-Based Compensation (Det33

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 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 6 months
Stock-based compensation	$ 34	$ 47	$ 68	$ 91
Total unrecognized compensation cost related to unvested equity awards	$ 61		$ 61
SIRIUS XM
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options	339		339
Exercisable options	114		114
Outstanding WAEP	$ 3.32		$ 3.32
Exercisable WAEP	$ 2.47		$ 2.47
Exercisable Options, Aggregate Intrinsic Value	$ 168		$ 168
Outstanding options, aggregate intrinsic value	217		$ 217
Weighted average period of recognition related to unvested equity awards (in years)			2 years 4 months 24 days
Total unrecognized compensation cost related to unvested equity awards	211		$ 211
SIRIUS XM | SIRIUS XM
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Stock-based compensation	$ 24	$ 37	$ 48	$ 74

Earnings Attributable to Libe34

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Details) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Apr. 15, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Apr. 15, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount					23,000,000
Liberty Media Corporation
Basic, Weighted average number of shares outstanding	335,000,000			339,000,000	335,000,000	340,000,000
Potentially dilutive shares	2,000,000			3,000,000	2,000,000	3,000,000
Diluted, Weighted average number of shares outstanding	337,000,000			342,000,000	337,000,000	343,000,000
Liberty Sirius XM Group
Basic, Weighted average number of shares outstanding			335,000,000
Potentially dilutive shares			2,000,000
Diluted, Weighted average number of shares outstanding			337,000,000
Liberty Sirius XM Group | Common Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		21,000,000
Liberty Braves Group
Basic, Weighted average number of shares outstanding			36,000,000
Potentially dilutive shares			9,000,000
Diluted, Weighted average number of shares outstanding			45,000,000
Basic earnings (loss)			$ 32
Unrealized gain loss on the intergroup interest			(27)
Diluted earnings (loss)			$ 5
Liberty Braves Group | Common Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		2,000,000
Liberty Media Group
Basic, Weighted average number of shares outstanding			83,000,000
Potentially dilutive shares			1,000,000
Diluted, Weighted average number of shares outstanding			84,000,000
Liberty Media Group | Common Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		5,000,000
Liberty Braves Group | Liberty Media Corporation | Common Class C
Investment Owned, Balance, Shares		9,084,940	9,084,940
Liberty Braves Group | Liberty Media Group
Investment Owned, Balance, Shares		9,084,940	9,084,940

Assets And Liabilities Measur35

Assets And Liabilities Measured At Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 690	$ 68
Short term marketable securities		15
Available-for-sale securities	429	474
Financial instrument assets	164	232
Debt	994	995
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	690	68
Short term marketable securities		15
Available-for-sale securities	405	425
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	24	49
Financial instrument assets	164	232
Debt	$ 994	$ 995

Assets And Liabilities Measur36

Assets And Liabilities Measured At Fair Value (Details) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 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				$ (32,000,000)	$ 40,000,000	$ (40,000,000)	$ 12,000,000
Payments for (Proceeds from) Derivative Instrument, Investing Activities							19,000,000
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				5,000,000	9,000,000	29,000,000	(22,000,000)
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				4,000,000	49,000,000	1,000,000	49,000,000
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				(40,000,000)	(46,000,000)	(68,000,000)	(38,000,000)
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)	$ 28,000,000	$ (2,000,000)	$ 23,000,000
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-37

Investments In Available-For-Sale Securities And Other Cost Investments (Details) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	$ 492		$ 533
Proceeds from Sale of Available-for-sale Securities	58	$ 149
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		1.8
Proceeds from Sale of Available-for-sale Securities		$ 122
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	484		525
Proceeds from Sale of Available-for-sale Securities	58	$ 149
Liberty Media Group | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	406		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	313		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	77		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	16		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			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 Acc38

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	Jun. 30, 2016	May 12, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 1,123		$ 1,115
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 166		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	$ 167
Investments in affiliates, accounted for using the equity method	166		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 | 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	$ 905		923
Liberty Media Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Percentage ownership	34.00%
Equity Method Investment, Quoted Market Value	$ 1,637
Investments in affiliates, accounted for using the equity method	746		764
Liberty Media Group | Other
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 159		$ 159
SIRIUS XM | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Percentage ownership		70.00%

Investments In Affiliates Acc39

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ 18		$ 6	$ (37)
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	$ 3	9	(4)
Liberty Sirius XM Group | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	3	9	(4)
Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	2	4	4
Liberty Braves Group | Other
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	2	2	4	4
Liberty Media Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	14	(5)	(7)	(37)
Liberty Media Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	9	1	(8)	(17)
Liberty Media Group | Other
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ 5	$ (6)	$ 1	$ (20)

Investments In Affiliates Acc40

Investments In Affiliates Accounted For Using The Equity Method (Details) $ / shares in Units, shares in Millions, $ in Millions	May 12, 2016USD ($)$ / sharesshares	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	May 12, 2016CAD / shares
SIRIUS XM
Schedule of Equity Method Investments [Line Items]
Due to Related Parties, Current		$ 3		$ 3
Due to Related Parties, Noncurrent		9		9
Due from Related Parties, Current		5		$ 5
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%		10.00%
SIRIUS XM | Sirius XM Canada | Maximum
Schedule of Equity Method Investments [Line Items]
Royalty rate		15.00%		15.00%
SIRIUS XM | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Equity Method Investments	$ 275
Revenue from Related Parties		$ 11	$ 13	$ 21	$ 26
Dividends				$ 8	$ 8
Equity Method Investment, Ownership Percentage	70.00%					70.00%
Equity Method Investment Voting Interest	33.00%
EquityMethodInvestmentEquity Interest Issued or Issuable Value of Cash Shares or Exchangeable Security | (per share)	$ 3.50					CAD 4.50
SIRIUS XM | Sirius XM Canada | Maximum
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Maximum Percentage of Consideration Issuable in Equity	50.00%
Sale of Stock, Number of Shares Issued in Transaction | shares	35

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,819		$ 1,819		$ 1,763
Accumulated amortization	(751)		(751)		(666)
Finite-Lived Intangible Assets, Net, Total	1,068		1,068		1,097
Amortization of Intangible Assets	47	$ 40	86	$ 72
Remainder of 2016	86		86
2,017	171		171
2,018	126		126
2,019	112		112
2,020	108		108
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	838		838		838
Accumulated amortization	(208)		(208)		(179)
Finite-Lived Intangible Assets, Net, Total	630		630		659
Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	316		316		316
Accumulated amortization	(95)		(95)		(81)
Finite-Lived Intangible Assets, Net, Total	221		221		235
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	665		665		609
Accumulated amortization	(448)		(448)		(406)
Finite-Lived Intangible Assets, Net, Total	$ 217		$ 217		$ 203

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Outstanding principal	$ 7,582
Total debt	7,531	$ 6,881
Less debt classified as current	(256)	(255)
Total long-term debt	$ 7,275	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%
Sirius XM 5.375% Senior Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	5.375%
Liberty Sirius XM Group
Debt Instrument [Line Items]
Outstanding principal	$ 6,408
Less deferred financing costs	(8)	(7)
Total debt	6,363	5,709
Less debt classified as current	(256)
Total long-term debt	6,107
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	497	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	1,486	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 5.375% Senior Notes due 2026
Debt Instrument [Line Items]
Outstanding principal	1,000
Total debt	989
Liberty Sirius XM Group | Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Total debt		340
Liberty Sirius XM Group | Sirius XM leases
Debt Instrument [Line Items]
Outstanding principal	16
Total debt	16	13
Liberty Braves Group
Debt Instrument [Line Items]
Outstanding principal	137
Less deferred financing costs	(8)	(8)
Total debt	137	139
Total long-term debt	137
Liberty Braves Group | Notes and loans
Debt Instrument [Line Items]
Outstanding principal	145
Total debt	145	147
Liberty Media Group
Debt Instrument [Line Items]
Outstanding principal	1,037
Total debt	1,031	1,033
Total long-term debt	1,031
Liberty Media Group | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Outstanding principal	1,000
Total debt	994	995
Liberty Media Group | Other Debt Obligations
Debt Instrument [Line Items]
Outstanding principal	37
Total debt	$ 37	$ 38

Debt (Details)43

Debt (Details)	Jun. 30, 2016USD ($)$ / sharesshares	Apr. 15, 2016shares	Dec. 31, 2014USD ($)$ / shares$ / itemshares	Oct. 31, 2015USD ($)	Dec. 31, 2012USD ($)	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	May 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / sharesshares	Oct. 17, 2013USD ($)
Debt Instrument [Line Items]
Long-term Debt	$ 7,531,000,000					$ 7,531,000,000			$ 6,881,000,000
Borrowings of debt						1,453,000,000	$ 1,343,000,000
Repayments of Long-term Debt						$ 816,000,000	661,000,000
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	$ 1,750,000,000					$ 1,750,000,000
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%
$1.25 billion margin loan due 2016
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis				LIBOR
Effective interest rate	2.38%					2.38%
$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		$ 1,000,000,000
Sirius XM 5.375% Senior Notes due 2026
Debt Instrument [Line Items]
Debt face amount	$ 1,000,000,000					$ 1,000,000,000
Debt discount								$ 11,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.375%					5.375%
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					$ 1,750,000,000
Common Class A | 1.375% Convertible Notes Bond Hedge Transaction
Debt Instrument [Line Items]
Securities Basket price per share | $ / shares	$ 37.78					$ 37.78
Common Class A | Warrant transaction
Debt Instrument [Line Items]
Securities Basket price per share | $ / shares	37.78					37.78
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 61.16					$ 61.16
Liberty Media Corporation | Common Class A | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Ratio			21.0859
Liberty Media Corporation | Common Class A | Common Class A | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
conversion price for exchangeable debt | $ / shares			$ 47.43
Liberty Media Corporation | Common Class A | 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
Liberty Media Corporation | Common Class A | Warrant transaction
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding | shares									21,085,900
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares									$ 64.46
Liberty Sirius XM Group
Debt Instrument [Line Items]
Long-term Debt	$ 6,363,000,000					$ 6,363,000,000			$ 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						1,387,000,000	1,258,000,000
Repayments of Long-term Debt						744,000,000	661,000,000
Liberty Sirius XM Group | Sirius XM Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt									$ 340,000,000
Liberty Sirius XM Group | Common Class A
Debt Instrument [Line Items]
Securities basket conversion ratio from shares of Liberty Media Corporation common stock		1
Liberty Sirius XM Group | Common Class A | 1.375% Convertible Notes Bond Hedge Transaction
Debt Instrument [Line Items]
Forward contract, number of underlying shares | shares		21,085,900
Liberty Sirius XM Group | Common Class A | Warrant transaction
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding | shares									21,085,900
Liberty Braves Group
Debt Instrument [Line Items]
Long-term Debt	$ 137,000,000					137,000,000			$ 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						66,000,000	$ 85,000,000
Repayments of Long-term Debt						$ 71,000,000
Liberty Braves Group | Common Class A
Debt Instrument [Line Items]
Securities basket conversion ratio from shares of Liberty Media Corporation common stock	0.1087	0.10				0.1087
Liberty Braves Group | Common Class A | 1.375% Convertible Notes Bond Hedge Transaction
Debt Instrument [Line Items]
Forward contract, number of underlying shares | shares	2,292,037	2,108,590
Liberty Braves Group | Common Class A | Warrant transaction
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding | shares	2,292,037					2,292,037			2,108,590
Liberty Media Group
Debt Instrument [Line Items]
Long-term Debt	$ 1,031,000,000					$ 1,031,000,000			$ 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, face amount per debenture			$ 1,000
Liberty Media Group | Common Class A
Debt Instrument [Line Items]
Securities basket conversion ratio from shares of Liberty Media Corporation common stock		0.25
Liberty Media Group | Common Class A | 1.375% Convertible Notes Bond Hedge Transaction
Debt Instrument [Line Items]
Forward contract, number of underlying shares | shares		5,271,475
Liberty Media Group | Common Class A | Warrant transaction
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding | shares									5,271,475

Debt (Details)44

Debt (Details) - $1.25 billion margin loan due 2016 shares in Millions, $ in Millions	Jun. 30, 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 | $	$ 100

Debt (Details)45

Debt (Details) shares in Thousands	1 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2015USD ($)item	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)itemshares	Jun. 30, 2015USD ($)	Dec. 31, 2014a	Aug. 31, 2015USD ($)
Debt Instrument [Line Items]
Outstanding principal			$ 7,582,000,000
Long-term Debt	$ 6,881,000,000		7,531,000,000
Borrowings of debt			1,453,000,000	$ 1,343,000,000
Braves Holdings Mixed Use Facility Credit Facilities Total
Debt Instrument [Line Items]
Outstanding principal			$ 12,000,000
Effective interest rate			2.46%
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%
Braves Holdings | Braves Holdings Revolving Credit Facilities Total
Debt Instrument [Line Items]
Effective interest rate			1.99%
Braves Holdings | Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 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			$ 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
Expected other costs and equipment			672,000,000
Construction and Development Costs			420,000,000
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			133,000,000
Braves Holdings | Cobb County Ballpark Mixed Use Development
Debt Instrument [Line Items]
Expected other costs and equipment			558,000,000
Construction and Development Costs			179,000,000
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
Share value			$ 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
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			$ 331,000,000
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)46

Debt (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 994	$ 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	672
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	625
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	421
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	508
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	486
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	1,552
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	995
Sirius XM 5.375% Senior Notes due 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 989

Commitments And Contingencies (

Commitments And Contingencies (Details) € in Millions, $ in Millions	Jun. 30, 2016USD ($)	Apr. 05, 2016USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Aug. 31, 2013USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Jan. 17, 2013EUR (€)	Jun. 25, 2012EUR (€)
Loss Contingencies [Line Items]
Legal settlement, net							$ (108)	$ 511		$ (108)
Compensation guarantee aggregate total	$ 230		$ 230			$ 230		230
Amounts payable under guarantee in 2016	36		36			36		36
Amounts payable under guarantee in 2017	53		53			53		53
Amounts payable under guarantee in 2018	48		48			48		48
Amounts payable under guarantee in 2019	40		40			40		40
Amount payable under guarantee, thereafter	53		53			53		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		20	$ 19
Deferred litigation settlement expense								63
Deferred litigation settlement expense, current								20
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
Construction loan | Braves Development Company LLC
Loss Contingencies [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 58.5		$ 58.5			$ 58.5		$ 58.5
Number of extension options	2		2			2		2
Extension option duration			12 months
Percentage guarantee	50.00%
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 O48

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	$ 1,366	$ 1,222	$ 2,570	$ 2,303
Adjusted OIBDA	455	418	846	791
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	1,235	1,119	2,435	2,195
Adjusted OIBDA	450	420	889	824
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	1,235	1,119	2,435	2,195
Adjusted OIBDA	451	420	890	824
Liberty Sirius XM Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA	(1)		(1)
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	131	103	135	108
Adjusted OIBDA	12	5	(24)	(16)
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	131	103	135	108
Adjusted OIBDA	12	5	(24)	(16)
Liberty Media Group
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA	(7)	(7)	(19)	(17)
Liberty Media Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA	$ (7)	$ (7)	$ (19)	$ (17)

Information About Liberty's O49

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Operating Activities And Reporting Information By Segment [Line Items]
Assets	$ 30,889		$ 29,798
Investments in affiliates, accounted for using the equity method	1,123		1,115
Capital expenditures	160	$ 139
Elimination
Operating Activities And Reporting Information By Segment [Line Items]
Assets	(133)
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	27,336
Investments in affiliates, accounted for using the equity method	166		153
Capital expenditures	67	61
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Assets	27,336
Investments in affiliates, accounted for using the equity method	166
Capital expenditures	67
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	1,285
Investments in affiliates, accounted for using the equity method	52		39
Capital expenditures	93	$ 78
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	1,285
Investments in affiliates, accounted for using the equity method	52
Capital expenditures	93
Liberty Media Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,401
Investments in affiliates, accounted for using the equity method	905		$ 923
Liberty Media Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,401
Investments in affiliates, accounted for using the equity method	$ 905

Information About Liberty's O50

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Information About Liberty's Operating Segments
Consolidated segment Adjusted OIBDA	$ 455	$ 418	$ 846	$ 791
Legal settlement, net		(108)	511	(108)
Stock-based compensation	(34)	(47)	(68)	(91)
Depreciation and amortization	(93)	(92)	(180)	(176)
Interest expense	(90)	(83)	(174)	(160)
Share of earnings (losses) of affiliates, net	18		6	(37)
Realized and unrealized gains (losses) on financial instruments, net	(32)	40	(40)	12
Other, net	5	6	12	8
Earnings (loss) from continuing operations before income taxes	$ 229	$ 134	$ 913	$ 239

Financial Information for Tra51

Financial Information for Tracking Stock Groups - Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Assets, current
Cash and cash equivalents	$ 1,229	$ 201	$ 790	$ 681
Trade and other receivables, net	276	247
Short term marketable securities		15
Other current assets	263	243
Total current assets	1,768	691
Investments in available-for-sale securities and other cost investments	492	533
Investments in affiliates, accounted for using the equity method	1,123	1,115
Property and equipment, at cost	2,792	2,587
Accumulated depreciation	(750)	(708)
Property and equipment, net	2,042	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	1,068	1,097
Other assets	378	465
Total assets	30,889	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	808	758
Current portion of debt	256	255
Deferred revenue	1,883	1,797
Other current liabilities	48	3
Total current liabilities	2,995	2,813
Long-term debt	7,275	6,626
Deferred income tax liabilities	1,852	1,667
Other liabilities	716	561
Total liabilities	12,838	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	268
Accumulated other comprehensive earnings, net of taxes	(51)	(51)
Retained earnings	11,426	10,981
Stockholders' Equity Attributable to Parent, Total	11,647	10,933
Noncontrolling interests in equity of subsidiaries	6,404	7,198
Total equity	18,051	18,131
Total liabilities and equity	30,889	29,798
Liberty Sirius XM Group
Assets, current
Cash and cash equivalents	526	112	294	148
Trade and other receivables, net	225
Other current assets	232
Total current assets	983
Investments in affiliates, accounted for using the equity method	166	153
Property and equipment, at cost	1,985
Accumulated depreciation	(637)
Property and equipment, net	1,348
Goodwill	14,165
FCC licenses	8,600
Other	930
Intangible assets not subject to amortization	23,695
Intangible assets subject to amortization, net	1,004
Other assets	140
Total assets	27,336
Liabilities, Current [Abstract]
Intergroup payable	3
Accounts Payable and accrued liabilities	715
Current portion of debt	256
Deferred revenue	1,814
Other current liabilities	3
Total current liabilities	2,791
Long-term debt	6,107
Deferred income tax liabilities	1,796
Other liabilities	272
Total liabilities	10,966
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	9,980
Noncontrolling interests in equity of subsidiaries	6,390
Total liabilities and equity	27,336
Liberty Sirius XM Group | Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	1
Total equity	1
Liberty Sirius XM Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	2
Total equity	2
Liberty Braves Group
Assets, current
Cash and cash equivalents	149	13	34	11
Trade and other receivables, net	48
Other current assets	27
Total current assets	224
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	647
Accumulated depreciation	(45)
Property and equipment, net	602
Goodwill	180
Other	143
Intangible assets not subject to amortization	323
Intangible assets subject to amortization, net	64
Other assets	12
Total assets	1,285
Liabilities, Current [Abstract]
Intergroup payable	(1)
Accounts Payable and accrued liabilities	72
Deferred revenue	68
Total current liabilities	139
Long-term debt	137
Deferred income tax liabilities	27
Redeemable intergroup interest	133
Other liabilities	388
Total liabilities	824
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	447
Noncontrolling interests in equity of subsidiaries	14
Total liabilities and equity	1,285
Liberty Media Group
Assets, current
Cash and cash equivalents	554	76	$ 462	$ 522
Trade and other receivables, net	3
Other current assets	4
Total current assets	561
Intergroup interest in the Liberty Braves Group	133
Investments in available-for-sale securities and other cost investments	484	525
Investments in affiliates, accounted for using the equity method	905	$ 923
Property and equipment, at cost	160
Accumulated depreciation	(68)
Property and equipment, net	92
Other assets	226
Total assets	2,401
Liabilities, Current [Abstract]
Intergroup payable	(2)
Accounts Payable and accrued liabilities	21
Deferred revenue	1
Other current liabilities	45
Total current liabilities	65
Long-term debt	1,031
Deferred income tax liabilities	29
Other liabilities	56
Total liabilities	1,181
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	1,220
Total liabilities and equity	2,401
Liberty Media Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	1
Total equity	1
Elimination
Assets, current
Intergroup interest in the Liberty Braves Group	(133)
Total assets	(133)
Liabilities, Current [Abstract]
Redeemable intergroup interest	(133)
Total liabilities	(133)
Stockholders' Equity Attributable to Parent [Abstract]
Total liabilities and equity	$ (133)

Financial Information for Tra52

Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Subscriber revenue	$ 1,032	$ 936	$ 2,041	$ 1,843
Other revenue	334	286	529	460
Total Revenue	1,366	1,222	2,570	2,303
Revenue share and royalties	264	331	516	544
Programming and content	83	61	168	123
Customer service and billing	94	94	191	186
Other	45	34	78	65
Subscriber acquisition costs	129	137	261	259
Other operating expense	122	103	169	133
Selling, general and administrative	208	199	409	401
Legal settlement, net		108	(511)	108
Depreciation and amortization	93	92	180	176
Total operating costs and expenses	1,038	1,051	1,461	1,887
Operating income (loss)	328	171	1,109	416
Other income (expense):
Interest expense	(90)	(83)	(174)	(160)
Share of earnings (losses) of affiliates, net	18		6	(37)
Realized and unrealized gains (losses) on financial instruments, net	(32)	40	(40)	12
Other, net	5	6	12	8
Total other income (expense)	(99)	(37)	(196)	(177)
Earnings (loss) from continuing operations before income taxes	229	134	913	239
Income tax (expense) benefit	(89)	(35)	(346)	(121)
Net earnings (loss)	140	99	567	118
Less net earnings (losses) attributable to the noncontrolling interests	60	38	122	76
Net earnings (loss) attributable to Liberty stockholders	80	61	445	42
Net earnings (loss) attributable to Liberty stockholders	80		445
Liberty Sirius XM Group
Revenue:
Subscriber revenue	1,032	936	2,041	1,843
Other revenue	203	183	394	352
Total Revenue	1,235	1,119	2,435	2,195
Revenue share and royalties	264	331	516	544
Programming and content	83	61	168	123
Customer service and billing	94	94	191	186
Other	45	34	78	65
Subscriber acquisition costs	129	137	261	259
Other operating expense	20	18	39	35
Selling, general and administrative	180	169	347	341
Depreciation and amortization	77	81	156	158
Total operating costs and expenses	892	925	1,756	1,711
Operating income (loss)	343	194	679	484
Other income (expense):
Interest expense	(86)	(76)	(167)	(149)
Share of earnings (losses) of affiliates, net	2	3	9	(4)
Other, net			1
Total other income (expense)	(84)	(73)	(157)	(153)
Earnings (loss) from continuing operations before income taxes	259	121	522	331
Income tax (expense) benefit	(99)	(30)	(199)	(155)
Net earnings (loss)	160	91	323	176
Less net earnings (losses) attributable to the noncontrolling interests	60	38	122	76
Net earnings (loss) attributable to Liberty stockholders	82	53	82	100
Net earnings (loss) attributable to Liberty stockholders	$ 100		$ 201
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ 0.24		$ 0.24
Series A, B and C common stock, diluted earnings loss per share	$ 0.24		$ 0.24
Liberty Braves Group
Revenue:
Other revenue	$ 131	103	$ 135	108
Total Revenue	131	103	135	108
Other operating expense	102	85	130	98
Selling, general and administrative	19	15	33	28
Depreciation and amortization	13	9	18	14
Total operating costs and expenses	134	109	181	140
Operating income (loss)	(3)	(6)	(46)	(32)
Other income (expense):
Interest expense		(1)		(1)
Share of earnings (losses) of affiliates, net	2	2	4	4
Unrealized gains losses on intergroup interest	(27)		27
Other, net	(1)		(1)
Total other income (expense)	28	1	30	3
Earnings (loss) from continuing operations before income taxes	25	(5)	(16)	(29)
Income tax (expense) benefit		1	16	10
Net earnings (loss)	25	(4)		(19)
Net earnings (loss) attributable to Liberty stockholders	32	(4)	$ 32	(19)
Net earnings (loss) attributable to Liberty stockholders	$ 25
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ 0.89		$ 0.89
Series A, B and C common stock, diluted earnings loss per share	$ 0.11		$ 0.11
Liberty Media Group
Revenue:
Selling, general and administrative	$ 9	15	$ 29	32
Legal settlement, net			(511)
Depreciation and amortization	3	2	6	4
Total operating costs and expenses	12	17	(476)	36
Operating income (loss)	(12)	(17)	476	(36)
Other income (expense):
Interest expense	(4)	(6)	(7)	(10)
Share of earnings (losses) of affiliates, net	14	(5)	(7)	(37)
Realized and unrealized gains (losses) on financial instruments, net	(32)	40	(40)	12
Unrealized gains losses on intergroup interest	27		(27)
Other, net	6	6	12	8
Total other income (expense)	(43)	35	(69)	(27)
Earnings (loss) from continuing operations before income taxes	(55)	18	407	(63)
Income tax (expense) benefit	10	(6)	(163)	24
Net earnings (loss)	(45)	12	244	(39)
Net earnings (loss) attributable to Liberty stockholders	(47)	$ 12	(47)	$ (39)
Net earnings (loss) attributable to Liberty stockholders	$ (45)		$ 244
Earnings Per Share [Abstract]
Series A, B and C common stock, basic earnings loss per share	$ (0.57)		$ (0.57)
Series A, B and C common stock, diluted earnings loss per share	$ (0.57)		$ (0.57)

Financial Information for Tra53

Financial Information for Tracking Stock Groups - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 140	$ 99	$ 567	$ 118
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	93	92	180	176
Stock-based compensation	34	47	68	91
Excess tax benefit from stock-based compensation			(75)	(35)
Share of (earnings) loss of affiliates, net	(18)		(6)	37
Realized and unrealized (gains) losses on financial instruments, net	32	(40)	40	(12)
Deferred income tax expense (benefit)			180	81
Other, net			23	15
Changes in operating assets and liabilities
Current and other assets			(51)	(156)
Payables and other current liabilities			261	367
Net cash provided (used) by operating activities			1,187	682
Cash flows from investing activities:
Investments in and loans to cost and equity investees			(11)
Proceeds from Sale of Available-for-sale Securities			58	149
Proceeds (payments) from settlement of financial instruments, net				(19)
Capital expended for property and equipment			(160)	(139)
Purchases of short term investments and other marketable securities			(258)	(32)
Sales of short term investments and other marketable securities			273	180
Other investing activities, net			12	(22)
Net cash provided (used) by investing activities			(86)	117
Cash flows from financing activities:
Borrowings of debt			1,453	1,343
Repayments of debt			(816)	(661)
Repurchases of Liberty common stock				(300)
Shares repurchased by subsidiary			(996)	(1,084)
Proceeds from Liberty Braves common stock rights offering			203
Excess tax benefit from stock-based compensation			75	35
Taxes paid in lieu of shares issued for stock-based compensation			(10)	(27)
Other financing activities, net			18	4
Net cash provided (used) by financing activities			(73)	(690)
Net increase (decrease) in cash and cash equivalents			1,028	109
Cash and cash equivalents at beginning of period			201	681
Cash and cash equivalents at end of period	1,229	790	1,229	790
Liberty Sirius XM Group
Cash flows from operating activities:
Net earnings (loss)	160	91	323	176
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	77	81	156	158
Stock-based compensation			54	74
Excess tax benefit from stock-based compensation			(1)	(12)
Share of (earnings) loss of affiliates, net	(2)	(3)	(9)	4
Deferred income tax expense (benefit)			190	139
Intergroup tax allocation			3	(2)
Other, net			26	11
Changes in operating assets and liabilities
Current and other assets			7	(136)
Payables and other current liabilities			34	279
Net cash provided (used) by operating activities			783	691
Cash flows from investing activities:
Capital expended for property and equipment			(67)	(61)
Other investing activities, net			(4)
Net cash provided (used) by investing activities			(71)	(61)
Cash flows from financing activities:
Borrowings of debt			1,387	1,258
Repayments of debt			(744)	(661)
Intergroup (payments) receipts			9	7
Shares repurchased by subsidiary			(996)	(1,084)
Excess tax benefit from stock-based compensation			1	12
Taxes paid in lieu of shares issued for stock-based compensation			(6)	(16)
Other financing activities, net			51
Net cash provided (used) by financing activities			(298)	(484)
Net increase (decrease) in cash and cash equivalents			414	146
Cash and cash equivalents at beginning of period			112	148
Cash and cash equivalents at end of period	526	294	526	294
Liberty Braves Group
Cash flows from operating activities:
Net earnings (loss)	25	(4)		(19)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	13	9	18	14
Stock-based compensation			4	2
Share of (earnings) loss of affiliates, net	(2)	(2)	(4)	(4)
Unrealized gains losses on intergroup interest	27		(27)
Deferred income tax expense (benefit)			(20)	(7)
Intergroup tax allocation			(4)	(3)
Intergroup tax (payments) receipts				1
Other, net			1	2
Changes in operating assets and liabilities
Current and other assets			(60)	(26)
Payables and other current liabilities			111	54
Net cash provided (used) by operating activities			19	14
Cash flows from investing activities:
Investments in and loans to cost and equity investees			(8)
Capital expended for property and equipment			(93)	(78)
Other investing activities, net			(10)	2
Net cash provided (used) by investing activities			(111)	(76)
Cash flows from financing activities:
Borrowings of debt			66	85
Repayments of debt			(71)
Intergroup (payments) receipts			(34)
Proceeds from Liberty Braves common stock rights offering			203
Other financing activities, net			64
Net cash provided (used) by financing activities			228	85
Net increase (decrease) in cash and cash equivalents			136	23
Cash and cash equivalents at beginning of period			13	11
Cash and cash equivalents at end of period	149	34	149	34
Liberty Media Group
Cash flows from operating activities:
Net earnings (loss)	(45)	12	244	(39)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	3	2	6	4
Stock-based compensation			10	15
Excess tax benefit from stock-based compensation			(74)	(23)
Share of (earnings) loss of affiliates, net	(14)	5	7	37
Unrealized gains losses on intergroup interest	(27)		27
Realized and unrealized (gains) losses on financial instruments, net	32	(40)	40	(12)
Deferred income tax expense (benefit)			10	(51)
Intergroup tax allocation			1	5
Intergroup tax (payments) receipts				(1)
Other, net			(4)	2
Changes in operating assets and liabilities
Current and other assets			2	6
Payables and other current liabilities			116	34
Net cash provided (used) by operating activities			385	(23)
Cash flows from investing activities:
Investments in and loans to cost and equity investees			(3)
Proceeds from Sale of Available-for-sale Securities			58	149
Proceeds (payments) from settlement of financial instruments, net				(19)
Purchases of short term investments and other marketable securities			(258)	(32)
Sales of short term investments and other marketable securities			273	180
Other investing activities, net			26	(24)
Net cash provided (used) by investing activities			96	254
Cash flows from financing activities:
Repayments of debt			(1)
Intergroup (payments) receipts			25	(7)
Repurchases of Liberty common stock				(300)
Excess tax benefit from stock-based compensation			74	23
Taxes paid in lieu of shares issued for stock-based compensation			(4)	(11)
Other financing activities, net			(97)	4
Net cash provided (used) by financing activities			(3)	(291)
Net increase (decrease) in cash and cash equivalents			478	(60)
Cash and cash equivalents at beginning of period			76	522
Cash and cash equivalents at end of period	$ 554	$ 462	$ 554	$ 462