The Liberty Braves Group (BATRA) 10-K 28 Feb 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Jan. 31, 2017	Jun. 30, 2016
Entity Registrant Name	Liberty Media Corp
Entity Central Index Key	1,560,385
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 12.1
Liberty Sirius XM Group | Common Class A
Entity Common Stock, Shares Outstanding		102,480,722
Liberty Sirius XM Group | Common Class B
Entity Common Stock, Shares Outstanding		9,870,856
Liberty Sirius XM Group | Common Class C
Entity Common Stock, Shares Outstanding		223,072,103
Liberty Braves Group | Common Class A
Entity Common Stock, Shares Outstanding		10,236,525
Liberty Braves Group | Common Class B
Entity Common Stock, Shares Outstanding		986,791
Liberty Braves Group | Common Class C
Entity Common Stock, Shares Outstanding		38,226,152
Liberty Formula One Group | Common Class A
Entity Common Stock, Shares Outstanding		25,606,701
Liberty Formula One Group | Common Class B
Entity Common Stock, Shares Outstanding		2,466,778
Liberty Formula One Group | Common Class C
Entity Common Stock, Shares Outstanding		173,748,673

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets, Current
Cash and cash equivalents	$ 562	$ 201
Trade and other receivables, net	240	247
Other current assets	227	243
Total current assets	1,029	691
Investments in available-for-sale securities and other cost investments	1,309	533
Investments in affiliates, accounted for using the equity method	1,117	1,115
Property and equipment, at cost	3,182	2,587
Accumulated depreciation	(830)	(708)
Property and equipment, net	2,352	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	1,072	1,097
Other assets	480	465
Total assets	31,377	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	985	758
Current portion of debt	5	255
Deferred revenue	1,877	1,797
Other current liabilities	5	3
Total current liabilities	2,872	2,813
Long-term debt	8,013	6,626
Deferred income tax liabilities	2,025	1,667
Other liabilities	751	561
Total liabilities	13,661	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	87
Accumulated other comprehensive earnings, net of taxes	(62)	(51)
Retained earnings	11,727	10,981
Stockholders' Equity Attributable to Parent, Total	11,756	10,933
Noncontrolling interests in equity of subsidiaries	5,960	7,198
Total equity	17,716	18,131
Commitments and contingencies
Total liabilities and equity	31,377	29,798
Liberty Media Corporation | Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued		1
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	287	112
Trade and other receivables, net	223	235
Other current assets	206	215
Total current assets	716	562
Investments in affiliates, accounted for using the equity method	164	153
Property and equipment, at cost	2,079	1,984
Accumulated depreciation	(746)	(571)
Property and equipment, net	1,333	1,413
Goodwill	14,165	14,165
FCC licenses	8,600	8,600
Other	930	930
Intangible assets not subject to amortization	23,695	23,695
Intangible assets subject to amortization, net	998	1,027
Other assets	145	151
Total assets	27,051	27,001
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	827	717
Current portion of debt	5	255
Deferred revenue	1,833	1,769
Other current liabilities	3	3
Long-term debt	6,102	5,454
Deferred income tax liabilities	1,967	1,622
Other liabilities	278	268
Total liabilities	11,020	10,204
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	10,085	9,599
Noncontrolling interests in equity of subsidiaries	5,946	7,198
Total liabilities and equity	27,051	27,001
Liberty Sirius XM Group | Common Class A
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	1
Liberty Sirius XM Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	2
Liberty Braves Group
Assets, Current
Cash and cash equivalents	107	13
Trade and other receivables, net	15	9
Other current assets	17	10
Total current assets	139	32
Investments in available-for-sale securities and other cost investments	8	8
Investments in affiliates, accounted for using the equity method	61	39
Property and equipment, at cost	943	406
Accumulated depreciation	(13)	(44)
Property and equipment, net	930	362
Goodwill	180	180
Other	143	143
Intangible assets not subject to amortization	323	323
Intangible assets subject to amortization, net	73	70
Other assets	14	15
Total assets	1,548	849
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	141	24
Deferred revenue	44	28
Long-term debt	328	139
Deferred income tax liabilities	48	49
Other liabilities	417	233
Total liabilities	1,148	498
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	385	351
Noncontrolling interests in equity of subsidiaries	15
Total liabilities and equity	1,548	849
Liberty Formula One Group
Assets, Current
Cash and cash equivalents	168	76
Trade and other receivables, net	2	3
Other current assets	5	18
Total current assets	175	97
Investments in available-for-sale securities and other cost investments	1,301	525
Investments in affiliates, accounted for using the equity method	892	923
Property and equipment, at cost	160	197
Accumulated depreciation	(71)	(93)
Property and equipment, net	89	104
Intangible assets subject to amortization, net	1
Other assets	350	303
Total assets	2,995	1,952
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	17	17
Other current liabilities	3
Long-term debt	1,583	1,033
Deferred income tax liabilities	39
Other liabilities	56	60
Total liabilities	1,710	969
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	1,286	983
Noncontrolling interests in equity of subsidiaries	(1)
Total liabilities and equity	2,995	$ 1,952
Liberty Formula One Group | Common Class C
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	$ 1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Long-term Debt, Fair Value	$ 1,546	$ 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
Common stock, par or stated value per share	$ 0.01
Common stock, shares authorized	2,000,000,000
Common stock, shares issued	102,390,088
Common stock, shares outstanding	102,390,088
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	9,870,856
Common stock, shares outstanding	9,870,856
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	222,936,204
Common stock, shares outstanding	222,936,204
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	10,231,185
Common stock, shares outstanding	10,231,185
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	986,791
Common stock, shares outstanding	986,791
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	38,215,276
Common stock, shares outstanding	38,215,276
Liberty Formula One 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	25,593,352
Common stock, shares outstanding	25,593,352
Liberty Formula One 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	2,466,778
Common stock, shares outstanding	2,466,778
Liberty Formula One 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	55,737,179
Common stock, shares outstanding	55,737,179

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Subscriber revenue									$ 4,194	$ 3,807	$ 3,514
Other revenue									1,082	988	936
Total Revenue	$ 1,321	$ 1,385	$ 1,366	$ 1,204	$ 1,208	$ 1,284	$ 1,222	$ 1,081	5,276	4,795	4,450
Revenue share and royalties									1,109	1,035	810
Programming and content									354	267	262
Customer service and billing									387	380	373
Other									144	141	135
Subscriber acquisition costs									513	533	493
Other operating expense									306	262	304
Selling, general and administrative									886	861	873
Legal settlement, net									(511)
Depreciation and amortization									354	362	359
Total operating costs and expenses									3,542	3,841	3,609
Operating income (loss)	273	352	328	781	217	321	171	245	1,734	954	841
Other income (expense):
Interest expense									(362)	(328)	(255)
Share of earnings (losses) of affiliates, net									14	(40)	(113)
Realized and unrealized gains (losses) on financial instruments, net									37	(140)	38
Other, net									(4)	12	(50)
Total other income (expense)									(315)	(496)	(380)
Earnings (loss) from continuing operations before income taxes									1,419	458	461
Income tax (expense) benefit									(495)	(210)	(66)
Net earnings (loss)	186	169	142	427	89	41	99	19	924	248	395
Less net earnings (losses) attributable to the noncontrolling interests									244	184	217
Net earnings (loss) attributable to Liberty stockholders					$ 44	$ (22)	$ 61	$ (19)	680	64	178
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share					$ 0.13	$ (0.07)	$ 0.18	$ (0.06)
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share					$ 0.13	$ (0.07)	$ 0.18	$ (0.06)
Liberty Media Corporation
Other income (expense):
Net earnings (loss) attributable to Liberty stockholders			$ 13	$ 364					$ 377	$ 64	$ 178
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share			$ 0.04	$ 1.09					$ 1.13	$ 0.19	$ 0.52
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share			$ 0.04	$ 1.08					$ 1.12	$ 0.19	$ 0.52
Liberty Sirius XM Group
Revenue:
Subscriber revenue									$ 4,194	$ 3,807	$ 3,514
Other revenue									820	745	627
Total Revenue									5,014	4,552	4,141
Revenue share and royalties									1,109	1,035	810
Programming and content									354	267	262
Customer service and billing									387	380	373
Other									144	141	135
Subscriber acquisition costs									513	533	493
Other operating expense									82	73	71
Selling, general and administrative									761	728	679
Depreciation and amortization									312	322	314
Total operating costs and expenses									3,662	3,479	3,137
Operating income (loss)									1,352	1,073	1,004
Other income (expense):
Interest expense									(342)	(307)	(234)
Share of earnings (losses) of affiliates, net									13	(1)	5
Other, net									(25)
Total other income (expense)									(354)	(308)	(229)
Earnings (loss) from continuing operations before income taxes									998	765	775
Income tax (expense) benefit									(341)	(322)	(327)
Net earnings (loss)									657	443	448
Less net earnings (losses) attributable to the noncontrolling interests									244	184	217
Net earnings (loss) attributable to Liberty stockholders	$ 119	$ 96	$ 82						$ 297	259	231
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share	$ 0.36	$ 0.29	$ 0.24						$ 0.89
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share	$ 0.35	$ 0.28	$ 0.24						$ 0.88
Liberty Braves Group
Revenue:
Other revenue									$ 262	243	250
Total Revenue									262	243	250
Other operating expense									224	189	210
Selling, general and administrative									67	61	58
Depreciation and amortization									32	31	29
Total operating costs and expenses									323	281	297
Operating income (loss)									(61)	(38)	(47)
Other income (expense):
Interest expense									(1)	(1)
Share of earnings (losses) of affiliates, net									9	9	10
Realized and unrealized gains (losses) on financial instruments, net									1
Total other income (expense)									(18)	8	10
Earnings (loss) from continuing operations before income taxes									(79)	(30)	(37)
Income tax (expense) benefit									17	10	13
Net earnings (loss)									(62)	(20)	(24)
Net earnings (loss) attributable to Liberty stockholders	$ (40)	$ (22)	$ 32						$ (30)	(20)	(24)
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share	$ (0.82)	$ (0.45)	$ 0.89						$ (0.65)
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share	$ (0.82)	$ (0.45)	$ 0.11						$ (0.65)
Liberty Formula One Group
Revenue:
Other revenue											59
Total Revenue											59
Other operating expense											23
Selling, general and administrative									$ 58	72	136
Legal settlement, net									(511)
Depreciation and amortization									10	9	16
Total operating costs and expenses									(443)	81	175
Operating income (loss)									443	(81)	(116)
Other income (expense):
Interest expense									(19)	(20)	(21)
Share of earnings (losses) of affiliates, net									(8)	(48)	(128)
Realized and unrealized gains (losses) on financial instruments, net									36	(140)	38
Other, net									21	12	(50)
Total other income (expense)									57	(196)	(161)
Earnings (loss) from continuing operations before income taxes									500	(277)	(277)
Income tax (expense) benefit									(171)	102	248
Net earnings (loss)									329	(175)	(29)
Net earnings (loss) attributable to Liberty stockholders	$ 40	$ 41	$ (45)						$ 36	$ (175)	$ (29)
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share	$ 0.48	$ 0.49	$ (0.54)						$ 0.43
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share	$ 0.47	$ 0.48	$ (0.54)						$ 0.42

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Earnings (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net earnings (loss)	$ 924	$ 248	$ 395
Other comprehensive earnings (loss), net of taxes:
Unrealized holding gains (losses) arising during the period			(8)
Foreign currency translation adjustments	4	(42)
Share of other comprehensive earnings (loss) of equity affiliates	(14)	(7)	(9)
Other comprehensive earnings (loss)	(10)	(49)	(17)
Comprehensive earnings (loss)	914	199	378
Less comprehensive earnings (loss) attributable to the noncontrolling interests	245	165	217
Comprehensive earnings (loss) attributable to Liberty stockholders	669	34	161
Liberty Media Corporation
Other comprehensive earnings (loss), net of taxes:
Comprehensive earnings (loss) attributable to Liberty stockholders	382	34	161
Liberty Sirius XM Group
Net earnings (loss)	657	443	448
Other comprehensive earnings (loss), net of taxes:
Comprehensive earnings (loss) attributable to Liberty stockholders	295
Liberty Braves Group
Net earnings (loss)	(62)	(20)	(24)
Other comprehensive earnings (loss), net of taxes:
Comprehensive earnings (loss) attributable to Liberty stockholders	(30)
Liberty Formula One Group
Net earnings (loss)	329	$ (175)	$ (29)
Other comprehensive earnings (loss), net of taxes:
Comprehensive earnings (loss) attributable to Liberty stockholders	$ 22

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net earnings (loss)	$ 924	$ 248	$ 395
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	354	362	359
Stock-based compensation	150	204	217
Share of (earnings) loss of affiliates, net	(14)	40	113
Realized and unrealized (gains) losses on financial instruments, net	(37)	140	(38)
Noncash interest expense	11	6	(34)
Losses (gains) on dilution of investment in affiliate		1	78
Loss on early extinguishment of debt	24
Deferred income tax expense (benefit)	427	175	91
Other charges (credits), net	30	19	(12)
Other, net	30	19	(12)
Changes in operating assets and liabilities
Current and other assets	25	(208)	(74)
Payables and other current liabilities	277	245	33
Net cash provided (used) by operating activities	2,171	1,232	1,128
Cash flows from investing activities:
Cash (paid) for acquisitions, net of cash acquired			(47)
Cash proceeds from dispositions of investments	62	175	247
Proceeds (payments) from settlement of financial instruments, net	(1)	(322)	(72)
Investments in and loans to cost and equity investees	(784)	(19)	(183)
Repayment of loans and other cash receipts from cost and equity investees	48		42
Capital expended for property and equipment	(568)	(296)	(194)
Purchases of short term investments and other marketable securities	(258)	(174)	(360)
Sales of short term investments and other marketable securities	273	358	176
Other investing activities, net	(36)	(8)	(20)
Net cash provided (used) by investing activities	(1,264)	(286)	(411)
Cash flows from financing activities:
Borrowings of debt	2,745	2,213	2,758
Repayments of debt	(1,749)	(1,196)	(1,936)
Repurchases of Liberty common stock		(350)
Cash provided by the Broadband Spin-Off			259
Shares repurchased by subsidiary	(1,674)	(2,018)	(2,157)
Proceeds from Liberty Braves common stock rights offering	203
Taxes paid in lieu of shares issued for stock-based compensation	(58)	(80)	(48)
Other financing activities, net	(13)	5
Net cash provided (used) by financing activities	(546)	(1,426)	(1,124)
Net increase (decrease) in cash and cash equivalents	361	(480)	(407)
Cash and cash equivalents at beginning of period	201	681	1,088
Cash and cash equivalents at end of period	$ 562	$ 201	$ 681

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) $ in Millions	Liberty Media CorporationCommon StockCommon Class A	Liberty Media CorporationCommon StockCommon Class C	Liberty Sirius XM GroupCommon StockCommon Class A	Liberty Sirius XM GroupCommon StockCommon Class C	Liberty Sirius XM Group	Liberty Braves Group	Liberty Formula One Group	Common StockCommon Class C	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interest	Total
Balance at Dec. 31, 2013	$ 1	$ 2							$ 2,215	$ 4	$ 11,859	$ 9,801	$ 23,882
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings					$ 448	$ (24)	$ (29)				178	217	395
Other Comprehensive Income (Loss), Net of Tax										(17)			(17)
Stock-based compensation									135			67	202
Minimum withholding taxes on net share settlements of stock-based compensation									(48)				(48)
Shares repurchased by subsidiary									(179)			(2,004)	(2,183)
Shares issued by subsidiary									(27)			27
Shares issued by subsidiary on conversion of bonds									(179)			670	491
Distribution to stockholders for Spin-Off									(1,912)	(8)	(621)		(2,541)
Other									(5)				(5)
Balance at Dec. 31, 2014	1	2								(21)	11,416	8,778	20,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings					443	(20)	(175)				64	184	248
Other Comprehensive Income (Loss), Net of Tax										(30)		(19)	(49)
Stock-based compensation									130			65	195
Minimum withholding taxes on net share settlements of stock-based compensation									(80)				(80)
Shares repurchased by subsidiary									(150)			(1,866)	(2,016)
Shares issued by subsidiary									(47)			47
Liberty stock repurchases									(350)				(350)
Distribution to stockholders for Spin-Off									499		(499)
Other									(2)			9	7
Balance at Dec. 31, 2015	1	2								(51)	10,981	7,198	18,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings					$ 657	$ (62)	$ 329				680	244	924
Other Comprehensive Income (Loss), Net of Tax										(11)		1	(10)
Recapitalization of tracking stock groups	$ (1)	$ (2)	$ 1	$ 2				$ 1					1
Stock-based compensation									96			35	131
Minimum withholding taxes on net share settlements of stock-based compensation									(58)				(58)
Issuance of stock upon exercise of stock options									7				7
Common stock issued pursuant to the Series C Liberty Braves common stock rights offering									203				203
Shares repurchased by subsidiary									(130)			(1,544)	(1,674)
Shares issued by subsidiary									(28)			28
Dividends paid by subsidiary												16	16
Contribution by noncontrolling interest												15	15
Cumulative adjustment for change in accounting principle | Accounting Standards Update 2016-09											66	(1)	65
Other									(3)				(3)
Balance at Dec. 31, 2016			$ 1	$ 2				$ 1	$ 87	$ (62)	$ 11,727	$ 5,960	$ 17,716

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(1) Basis of Presentatio The accompanying consolidated financial statements of Liberty Media Corporation (formerly named Liberty Spinco, Inc.; see discussion below pertaining to the Starz Spin-Off (defined below)) ("Liberty" or the "Company" unless the context otherwise requires) represent a consolidation of certain media and entertainment related assets and businesses. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements. Liberty, through its ownership of interests in subsidiaries and other companies, is primarily engaged in the media and entertainment industries primarily in North America. Our significant subsidiaries include Sirius XM Holdings Inc. (“SIRIUS XM”) and Braves Holdings, LLC (“Braves Holdings”). Our significant investment accounted for under the equity method of accounting is Live Nation Entertainment, Inc. ("Live Nation"). Additionally, as discussed in notes 2 and 7, Liberty obtained a nearly 20% interest in Delta Topco Limited (“Delta Topco”), the parent company of Formula 1, a global motorsports business, during 2016 and acquired the remaining interests, other than a nominal number of shares held by certain Formula 1 teams, during January 2017. In September 2011, Liberty Interactive Corporation ("Liberty Interactive" and formerly named Liberty Media Corporation) completed the split-off of its former wholly-owned subsidiary (then known as Liberty Media Corporation) from its Liberty Interactive tracking stock group (the "Split-Off"). In January 2013, Starz (now known as Starz Acquisition, LLC and formerly known as Liberty Media Corporation) spun-off (the “Starz Spin-Off”) its then-former wholly-owned subsidiary, which, at the time of the Starz Spin-Off, held all of the businesses, assets and liabilities of Starz not associated with Starz, LLC (with the exception of the Starz, LLC office building). The transaction was effected as a pro-rata dividend of shares of Liberty to the stockholders of Starz. Due to the relative significance of Liberty to Starz (the legal spinnor) and senior management's continued involvement with Liberty following the Starz Spin-Off, Liberty is being treated as the "accounting successor" to Starz for financial reporting purposes, notwithstanding the legal form of the Starz Spin-Off previously described. Therefore, the historical financial statements of the company formerly known as Liberty Media Corporation continue to be the historical financial statements of Liberty, and Starz, LLC has been treated as discontinued operations upon completion of the Starz Spin-Off in the first quarter of 2013. Therefore, for purposes of these consolidated financial statements, Liberty is treated as the spinnor for purposes of discussion and as a practical matter for describing all the historical information contained herein. Also in January 2013, Liberty obtained a controlling interest and began consolidating SIRIUS XM, as further discussed in note 4. During 2014, Liberty’s board of directors approved the issuance of shares of its Series C Liberty Media Corporation common stock to holders of its Series A and Series B Liberty Media Corporation common stock, effected by means of a dividend. On July 23, 2014, holders of Series A and Series B Liberty Media Corporation common stock as of 5:00 p.m., New York City, time on July 7, 2014, the record date for the dividend, received a dividend of two shares of Series C Liberty Media Corporation common stock for each share of Series A or Series B Liberty Media Corporation common stock held by them as of the record date. The impact of the Series C Liberty Media Corporation common stock issuance has been reflected retroactively in these consolidated financial statements due to the treatment of the dividend as a stock split for accounting purposes. Additionally, in connection with the Series C Liberty Media Corporation common stock issuance and the Broadband Spin-Off (defined below), outstanding Series A Liberty Media Corporation common stock warrants have been adjusted, as well as the number of shares covered by outstanding cash convertible note hedges and purchased call options (the “Bond Hedge Transaction”). See note 10 for further discussion regarding the warrants and Bond Hedge Transaction. 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. At the time of the Broadband 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”) (now known as Skyhook Holding, Inc. (“Skyhook”)), (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, described in note 10, 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 Internal Revenue Service (“IRS”) which provides that the Broadband Spin-Off qualified for tax-free treatment. In the Broadband Spin-Off, record holders of Series A, Series B and Series C Liberty Media Corporation common stock received one share of the corresponding series of Liberty Broadband common stock for every four shares of common stock held by them as of the record date for the Broadband Spin-Off, with cash paid in lieu of fractional shares. As of the date of the completion of the Broadband Spin-Off, the Company’s former investments in and results of Charter and Time Warner Cable are no longer included in the results of Liberty. Based on the relative significance of TruePosition to Liberty, the Company concluded that discontinued operations presentation of TruePosition is not necessary. However, the table below includes the historical financial information of TruePosition, which is included in the consolidated statements of operations for the year ended December 31, 2014. December 31, 2014 amounts in millions Revenue $ Earnings (loss) before income taxes $ Net earnings (loss) attributable to Liberty stockholders $ As a result of the Broadband Spin-Off and repurchases of Series A Liberty Media Corporation common stock, the Company’s additional paid-in capital balance was in a deficit position as of December 31, 2015. In order to maintain a zero balance in the additional paid-in capital account, we reclassified the amount of the deficit ($499 million) to retained earnings as of December 31, 2015. During August 2014, Liberty Interactive completed the distribution of Liberty TripAdvisor Holdings, Inc. (“Liberty TripAdvisor”) (the “TripAdvisor Spin-Off”). During July 2016, Liberty Interactive completed the spin-off of CommerceHub, Inc. (“CommerceHub”) (the “CommerceHub Spin-Off”). During November 2016, Liberty Interactive completed the split-off of Liberty Expedia Holdings, Inc. (“Expedia Holdings”) (the “Expedia Holdings Split-Off”). Following the Split-Off, Starz Spin-Off, TripAdvisor Spin-Off, Broadband Spin-Off, CommerceHub Spin-Off and Expedia Holdings Split-Off, Liberty, Liberty Interactive, Starz, Liberty TripAdvisor, Liberty Broadband, CommerceHub and Expedia Holdings operate as separate publicly traded companies, none of which has any stock ownership, beneficial or otherwise, in the other (except that Liberty Interactive owns shares of Liberty Broadband’s Series C non-voting common stock). In connection with the Split-Off, Starz Spin-Off, TripAdvisor Spin-Off, Broadband Spin-Off, CommerceHub Spin-Off and Expedia Holdings Split-Off, Liberty entered into certain agreements with Liberty Interactive, Starz, Liberty TripAdvisor, Liberty Broadband, CommerceHub and Expedia Holdings, respectively, in order to govern ongoing relationships between the companies and to provide for an orderly transition. As a result, these entities are considered related parties of the Company for accounting purposes through the dates of the respective transactions. These agreements include Reorganization Agreements (excluding CommerceHub, Expedia Holdings and Liberty TripAdvisor), Services Agreements, Facilities Sharing Agreements (excluding CommerceHub), a Lease Agreement (in the case of the Starz Spin-Off only) and with respect to Starz and Liberty Broadband, Tax Sharing Agreements. The Reorganization, Services and Facilities Sharing Agreements entered into with Liberty Interactive were assigned from Starz to Liberty in connection with the Starz Spin-Off. The Reorganization Agreements provide for, among other things, provisions governing the relationships between Liberty and each of Liberty Interactive, Starz and Liberty Broadband following the Split-Off, Starz Spin-Off and Broadband Spin-Off, respectively, including certain cross-indemnities. Pursuant to the Services Agreements, Liberty provides Liberty Interactive, Starz, Liberty TripAdvisor, Liberty Broadband, CommerceHub and Expedia Holdings with general and administrative services including legal, tax, accounting, treasury and investor relations support. Liberty Interactive, Starz, Liberty TripAdvisor, Liberty Broadband, CommerceHub and Expedia Holdings reimburse Liberty for direct, out-of-pocket expenses incurred by Liberty in providing these services and for Liberty Interactive's and Starz's 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. Liberty TripAdvisor, Liberty Broadband, CommerceHub and Expedia Holdings reimburse Liberty for shared services and personnel based on a flat fee. Under the Facilities Sharing Agreements, Liberty shares office space and related amenities with Liberty Interactive, Starz, Liberty TripAdvisor, Liberty Broadband and Expedia Holdings at Liberty's corporate headquarters. Under these various agreements, approximately $21 million, $23 million and $15 million of these allocated expenses were reimbursed to Liberty during the years ended December 31, 2016, 2015 and 2014, 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. The Lease Agreement expires on December 31, 2023 and contains an extension option. The Tax Sharing Agreements provide for the allocation and indemnification of tax liabilities and benefits between Liberty and each of Starz and Liberty Broadband as well as other agreements related to tax matters. Among other things, pursuant to the Tax Sharing Agreements, Liberty has generally agreed to indemnify Starz and Liberty Broadband for taxes and losses resulting from the failure of the Starz Spin-Off and the Broadband Spin-Off, respectively, to qualify for tax-free treatment. However, Starz will be responsible for any such taxes and losses related to the Starz Spin-Off which (i) result primarily from the breach of certain restrictive covenants made by Starz, or (ii) result from Section 355(e) of the Internal Revenue Code of 1986 (the “Code”) applying to the Starz Spin-Off as a result of the Starz Spin-Off being part of a plan (or series of related transactions) pursuant to which one or more persons acquire a 50-percent or greater interest (measured by vote or value) in the stock of Starz, and Liberty Broadband will be responsible for any such taxes and losses related to the Broadband Spin-Off which (i) result primarily from the breach of certain restrictive covenants made by Liberty Broadband, or (ii) result from Section 355(e) of the Code applying to the Broadband Spin-Off as a result of the Broadband Spin-Off being part of a plan (or series of related transactions) pursuant to which one or more persons acquire a 50-percent or greater interest (measured by vote or value) in the stock of Liberty Broadband. In February 2014, the IRS and Starz entered into a closing agreement which provided that the Starz Spin-Off qualified for tax-free treatment to Starz and Liberty. In September 2015, Liberty entered into a closing agreement with the IRS which provided that the Broadband Spin-Off qualified for tax-free treatment.

Tracking Stocks

Tracking Stocks	12 Months Ended
	Dec. 31, 2016
Tracking Stocks
Tracking Stocks	(1) 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 common 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 the Recapitalization, each issued and outstanding share of Liberty Media Corporation 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 Formula One common stock on April 15, 2016. Cash was paid in lieu of the issuance of any fractional shares. 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 SiriusXM common stock trade under the symbols LSXMA/B/K, respectively; Series A, Series B and Series C Liberty Braves common stock trade or are quoted under the symbols BATRA/B/K respectively; and Series A, Series B and Series C Liberty Media common stock traded or were quoted under the symbols LMCA/B/K, respectively. Shortly following the Second Closing (as defined below) of the acquisition of Formula 1, the Liberty Media Group and Liberty Media common stock were renamed the Liberty Formula One Group (the “Formula One Group”) and the Liberty Formula One common stock, respectively, and the corresponding ticker symbols for the Series A, Series B and Series C Liberty Media common stock were changed to FWONA/B/K, respectively. Each series (Series A, Series B and Series C) of the Liberty SiriusXM common stock trades on the Nasdaq Global Select Market. Series A and Series C Liberty Braves common stock trade on the Nasdaq Global Select Stock Market and Series B Liberty Braves common stock is quoted on the OTC Markets. Series A and Series C Liberty Formula One common stock continue to trade on the Nasdaq Global Select Market and the Series B Liberty Formula One common stock continues to be quoted on the OTC Markets. Although the Second Closing, and the corresponding tracking stock name and the ticker symbol change, were not completed until January 23 and 24, 2017, respectively, historical information of the Liberty Media Group and Liberty Media common stock is referred to herein as the Formula One Group and Liberty Formula One common stock, respectively. 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 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 Braves Group. In September 2016, the IRS completed its review of the distribution of the Series C Liberty Braves subscription rights and notified Liberty that it agreed with the nontaxable characterization of the distribution. Additionally, as a result of the Recapitalization, the 1.375% Cash Convertible Senior Notes due 2023 are now 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 was 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 the Recapitalization-related adjustments to the outstanding Series A Liberty Media Corporation common stock warrants as well as the outstanding cash convertible note hedges and purchased call options. See note 10 for a more detailed discussion of the amendments made to these financial instruments as a result of the Recapitalization. As discussed in more detail in note 7, on September 7, 2016 Liberty, through its indirect wholly owned subsidiary Liberty GR Cayman Acquisition Company, entered into two definitive stock purchase agreements relating to the acquisition of Delta Topco. The transactions contemplated by the first purchase agreement were completed on September 7, 2016, resulting in the acquisition of slightly less than a 20% minority stake in Formula 1 on an undiluted basis. On October 27, 2016 under the terms of the first purchase agreement, Liberty acquired an additional incremental equity interest of Delta Topco, maintaining Liberty’s investment in Delta Topco on an undiluted basis and increasing slightly to 19.1% on a fully diluted basis. Liberty’s interest in Delta Topco and by extension Formula 1 is attributed to the Liberty Formula One Group (the “Formula One Group”). Liberty acquired 100% of the fully diluted equity interests of Delta Topco, other than a nominal number of shares held by certain Formula 1 teams, in a closing under the second purchase agreement (following the unwind of the first purchase agreement) on January 23, 2017 (the “Second Closing”). Liberty’s acquired interest in Formula 1, along with existing Formula 1 cash and debt (which is non-recourse to Liberty), is attributed to the Formula One Group. 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 (the “Braves Group”) and Formula One 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, Braves Group and Formula One 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 therefore, do not own, by virtue of their ownership of a Liberty tracking stock, any equity or voting interest in a public company, such as SIRIUS XM or Live Nation, in which Liberty holds an interest and that is attributed to a Liberty tracking stock group, such as the Liberty SiriusXM Group or the Formula One Group. Holders of tracking stock are also 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 December 31, 2016, the Liberty SiriusXM Group has cash and cash equivalents of approximately $287 million, which includes $214 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 Braves Group. Liberty attributed to the Braves Group its subsidiary, Braves Holdings, which indirectly owns the Atlanta Braves Major League Baseball Club (“ANLBC” or the “Atlanta Braves”) and certain assets and liabilities associated with ANLBC’s stadium and mixed use development project (the “Development Project”) and corporate cash. Also upon the Recapitalization, Liberty had attributed to the Braves Group 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, the $150 million outstanding under the Intergroup Note 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 Braves Group. As of December 31, 2016, the Braves Group has cash and cash equivalents of approximately $107 million, which includes subsidiary cash. The Liberty Formula One common stock is intended to track and reflect the separate economic performance of the businesses, assets and liabilities attributed to the Formula One Group. Liberty attributed to the Formula One Group all of the businesses, assets and liabilities of Liberty other than those specifically attributed to the Braves Group or the Liberty SiriusXM Group, including Liberty’s interests in Live Nation, minority equity investments in Time Warner, Inc. (“Time Warner”) and Viacom, Inc. (“Viacom”), 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 and Liberty’s 2.25% Exchangeable Senior Debentures due 2046. As of December 31, 2016, the Formula One Group has cash and cash equivalents of approximately $168 million. As part of the Recapitalization, the Formula One Group initially held a 20% intergroup interest in the Braves Group. As a result of the rights offering, the number of notional shares representing the intergroup interest held by the Formula One Group was adjusted to 9,084,940, representing a 15.5% intergroup interest in the Braves Group at December 31, 2016. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of Series C Liberty Braves common stock issuable to the Formula One Group with respect to its interest in the Braves Group. The intergroup interest may be settled, at the discretion of the Company’s board of directors, through the transfer of newly issued shares of Liberty Braves common stock, cash and/or other assets to the Formula One Group. Accordingly, the intergroup interest attributable to the Formula One Group is presented as an asset and the intergroup interest attributable to the 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 cancellation 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 Braves Group to the Formula One Group. See Exhibit 99.1 to this Annual Report on Form 10-K for unaudited attributed financial information for Liberty's tracking stock groups.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(3) Summary of Significant Accounting Policies Cash and Cash Equivalents Cash equivalents consist of investments which are readily convertible into cash and have maturities of three months or less at the time of acquisition. Receivables Receivables are reflected net of an allowance for doubtful accounts and sales returns. Such allowance aggregated $9 million and $6 million at December 31, 2016 and 2015, respectively. Activity in the year ended December 31, 2016 included an increase of $56 million of bad debt charged to expense and $53 million of write-offs. Activity in the year ended December 31, 2015 included an increase of $47 million of bad debt charged to expense and $49 million of write-offs. Activity in the year ended December 31, 2014 included an increase of $45 million of bad debt charged to expense and $41 million of write-offs. 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. U.S. generally accepted accounting principles ("GAAP") permit 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"). Under other relevant GAAP, entities were required to recognize changes in fair value of AFS securities in the balance sheet in accumulated other comprehensive earnings. Liberty has entered into economic hedges for certain of its non-strategic AFS securities (although such instruments are not accounted for as fair value hedges by the Company). Changes in the fair value of these economic hedges are reflected in Liberty'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, Liberty has 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 gain (losses) on financial instruments in the accompanying consolidated statements of operations. The total value of AFS securities for which the Company has elected the fair value option aggregated $489 million and $450 million as of December 31, 2016 and 2015, respectively. Other investments in which the Company's ownership interest is less than 20% and are not considered marketable securities are carried at cost. For those investments in affiliates in which the Company has the ability to exercise significant influence, the equity method of accounting is used. Under this method, the investment, originally recorded at cost, is adjusted to recognize the Company's share of net earnings or losses of the affiliate as they occur rather than as dividends or other distributions are received. Losses are limited to the extent of the Company's investment in, advances to and commitments for the investee. In the event the Company is unable to obtain accurate financial information from an equity affiliate in a timely manner, the Company records its share of earnings or losses of such affiliate on a lag. Changes in the Company's proportionate share of the underlying equity of an equity method investee, which result from the issuance of additional equity securities by such equity investee, are recognized in the statement of operations through the other, net line item. To the extent there is a difference between our ownership percentage in the underlying equity of an equity method investee and our carrying value, such difference is accounted for as if the equity method investee were a consolidated subsidiary. The Company continually reviews its equity investments and its AFS securities which are not Fair Value Option Securities to determine whether a decline in fair value below the cost basis is other than temporary. The primary factors the Company considers in its determination are the length of time that the fair value of the investment is below the Company's carrying value; the severity of the decline; and the financial condition, operating performance and near term prospects of the investee. In addition, the Company considers the reason for the decline in fair value, be it general market conditions, industry specific or investee specific; analysts' ratings and estimates of 12 month share price targets for the investee; changes in stock price or valuation subsequent to the balance sheet date; and the Company's intent and ability to hold the investment for a period of time sufficient to allow for a recovery in fair value. If the decline in fair value is deemed to be other than temporary, the cost basis of the security is written down to fair value. In situations where the fair value of an investment is not evident due to a lack of a public market price or other factors, the Company uses its best estimates and assumptions to arrive at the estimated fair value of such investment. The Company's assessment of the foregoing factors involves a high degree of judgment and accordingly, actual results may differ materially from the Company's estimates and judgments. Writedowns for AFS securities which are not Fair Value Option Securities (as defined below) are included in the consolidated statements of operations as other than temporary declines in fair values of investments. Writedowns for equity method investments are included in share of earnings (losses) of affiliates. Fair Value of Financial Instruments In January 2016, the Financial Accounting Standards Board (“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. Derivative Instruments and Hedging Activities All of the Company's derivatives, whether designated in hedging relationships or not, are recorded on the balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in other comprehensive earnings and are recognized in the statement of operations when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in earnings. If the derivative is not designated as a hedge, changes in the fair value of the derivative are recognized in earnings. None of the Company's derivatives are currently designated as hedges. The fair value of certain of the Company's derivative instruments are estimated using the Black-Scholes model. The Black-Scholes model incorporates a number of variables in determining such fair values, including expected volatility of the underlying security and an appropriate discount rate. The Company obtained volatility rates from pricing services based on the expected volatility of the underlying security over the remaining term of the derivative instrument. A discount rate was obtained at the inception of the derivative instrument and updated each reporting period, based on the Company's estimate of the discount rate at which it could currently settle the derivative instrument. The Company considered its own credit risk as well as the credit risk of its counterparties in estimating the discount rate. Considerable management judgment was required in estimating the Black-Scholes variables. Property and Equipment Property and equipment consisted of the following: Estimated Useful Life December 31, 2016 December 31, 2015 amounts in millions Land NA $ Buildings and improvements 10 - 40 years Support equipment 3 - 20 years Satellite system 15 years Construction in progress NA Total property and equipment $ Property and equipment, including significant improvements, is stated at cost. Depreciation is computed using the straight-line method using estimated useful lives. Depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $186 million, $207 million and $209 million, respectively. A portion of the interest on funds borrowed to finance the construction of the Braves ballpark and mixed-use development as well as the launch of SIRIUS XM’s satellites and launch vehicles is capitalized. Capitalized interest is recorded as part of the asset’s cost and depreciated over the asset’s useful life. Capitalized interest costs for the years ended December 31, 2016 and 2015 was approximately $8 million and $2 million, respectively, which primarily related to the construction of the Braves ballpark and mixed-use development. Capitalized interest costs were less than a million dollars for the year ended December 31, 2014. Intangible Assets Intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment upon certain triggering events. Goodwill and other intangible assets with indefinite useful lives (collectively, "indefinite lived intangible assets") are not amortized, but instead are tested for impairment at least annually. Our annual impairment assessment of our indefinite-lived intangible assets is performed during the fourth quarter of each year. The Company utilizes a qualitative assessment for determining whether step one of the goodwill impairment analysis is necessary. The accounting guidance permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. In evaluating goodwill on a qualitative basis the Company reviews the business performance of each reporting unit and evaluates other relevant factors as identified in the relevant accounting guidance to determine whether it is more likely than not that an indicated impairment exists for any of our reporting units. The Company considers whether there are any negative macroeconomic conditions, industry specific conditions, market changes, increased competition, increased costs in doing business, management challenges, the legal environments and how these factors might impact company specific performance in future periods. As part of the analysis, the Company also considers fair value determinations for certain reporting units that have been made at various points throughout the current and prior years for other purposes. If a step one test is considered necessary based on the qualitative factors, the Company compares the estimated fair value of a reporting unit to its carrying value. Developing estimates of fair value requires significant judgments, including making assumptions about appropriate discount rates, perpetual growth rates, relevant comparable market multiples, public trading prices and the amount and timing of expected future cash flows. The cash flows employed in Liberty's valuation analysis are based on management's best estimates considering current marketplace factors and risks as well as assumptions of growth rates in future years. There is no assurance that actual results in the future will approximate these forecasts. For those reporting units whose carrying value exceeds the fair value, a second test is required to measure the impairment loss (the "Step 2 Test"). In the Step 2 Test, the fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit with any residual value being allocated to goodwill. The difference between such allocated amount and the carrying value of the goodwill is recorded as an impairment charge. The accounting guidance also permits entities to first perform a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If the qualitative assessment supports that it is more likely than not that the carrying value of the Company’s indefinite-lived intangible assets, other than goodwill, exceeds its fair value, then a quantitative assessment is performed. If the carrying value of an indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. Impairment of Long-lived Assets The Company periodically reviews the carrying amounts of its property and equipment and its intangible assets (other than goodwill and indefinite-lived intangibles) to determine whether current events or circumstances indicate that such carrying amounts may not be recoverable. If the carrying amount of the asset group is greater than the expected undiscounted cash flows to be generated by such asset group, an impairment adjustment is to be recognized. Such adjustment is measured by the amount that the carrying value of such asset groups exceeds their fair value. The Company generally measures fair value by considering sale prices for similar assets or by discounting estimated future cash flows using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of asset groups. Accordingly, actual results could vary significantly from such estimates. Asset groups to be disposed of are carried at the lower of their financial statement carrying amount or fair value less costs to sell. Noncontrolling Interests The Company reports noncontrolling interests of subsidiaries within equity in the balance sheet and the amount of consolidated net income attributable to the parent and to the noncontrolling interest is presented in the statement of operations. Also, changes in ownership interests in subsidiaries in which the Company maintains a controlling interest are recorded in equity. Revenue Recognition Revenue is recognized as follows: · Revenue from SIRIUS XM subscribers is recognized as it is realized or realizable and earned. Subscription fees are recognized as SIRIUS XM’s services are provided. Consumers purchasing or leasing a vehicle with a factory-installed satellite radio typically receive between a three and twelve month subscription to SIRIUS XM’s service, certain of which are prepaid. Prepaid subscription fees received from certain automakers are recorded as deferred revenue and amortized to revenue ratably over the service period which commences upon retail sale and activation. No revenue is recognized for unpaid trial subscriptions. · SIRIUS XM recognizes revenue from the sale of advertising as the advertising is transmitted. Agency fees are calculated based on a stated percentage applied to gross billing revenue for advertising inventory and are reported as a reduction of advertising revenue. SIRIUS XM pays certain third parties a percentage of advertising revenue. Advertising revenue is recorded gross of revenue share payments made to certain third parties, which are recorded to Revenue share and royalties during the period in which the advertising is transmitted. · Equipment revenue and royalties from the sale of satellite radios, components and accessories are recognized upon shipment, net of discounts and rebates. Shipping and handling costs billed to customers are recorded as revenue. Shipping and handling costs associated with shipping goods to customers are reported as a component of Cost of subscriber services. · Certain revenue arrangements contain multiple products, services and right to use assets, such as SIRIUS XM's bundled subscription plans. The applicable accounting guidance requires that such multiple deliverable revenue arrangements be divided into separate units of accounting if the deliverables in the arrangement meet certain criteria. Consideration is allocated at the inception of the arrangement to all deliverables based on their relative selling price, which is determined using vendor specific objective evidence of the selling price of self-pay customers. · SIRIUS XM also earns revenue from U.S. Music Royalty Fees, which are recorded as revenue and as a component of Revenue share and royalties expense. Fees received from subscribers for the U.S. Music Royalty Fee are recorded as deferred revenue and amortized to revenue ratably over the service period which coincides with the recognition of the subscriber's subscription revenue. · SIRIUS XM revenue is reported net of any taxes assessed by a governmental authority that is both imposed on, and concurrent with, a specific revenue-producing transaction between a seller and a customer in the consolidated statements of operations. · Revenue for Braves Holdings ticket sales, local radio and television rights, signage and suites are recognized on a per game basis during the baseball season based on a pro rata share of total revenue earned during the entire baseball season to the total number of home games during the season. Prior to 2016, concession revenue was recognized as commissions were earned from the sale of food and beverage at the stadium in accordance with agreements with the Company's concessions vendors. Beginning in 2016, Braves Holdings brought its retail operations in-house and engaged a new concessions operator. As a result, concession revenue is recognized on a per game basis during the baseball season. Major League Baseball (“MLB”) revenue is earned throughout the year based on an estimate of revenue generated by MLB on behalf of the 30 MLB clubs. Sources of MLB revenue include distributions from the MLB Central Fund, distributions from MLB Properties and revenue sharing income, if applicable. 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. We have identified the Company’s various revenue streams and are currently working with our subsidiaries to evaluate the quantitative effects of the new guidance. The Company has not yet selected a transition method. We will continue to provide updates as to the progress of our evaluation in our quarterly reports during 2017. Cost of Subscriber Services Revenue Share SIRIUS XM shares a portion of its subscription revenue earned from self-pay subscribers and paid promotional subscribers with certain automakers. The terms of the revenue share agreements vary with each automaker, but are typically based upon the earned audio revenue as reported or gross billed audio revenue. Such shared revenue is recorded as an expense and not as a reduction to revenue. Programming Costs Programming costs which are for a specified number of events are amortized on an event-by-event basis; programming costs which are for a specified season or include programming through a dedicated channel are amortized over the season or period on a straight-line basis. SIRIUS XM allocates a portion of certain programming costs which are related to sponsorship and marketing activities to selling, general and administrative expense on a straight-line basis over the term of the agreement. Subscriber Acquisition Costs Subscriber acquisition costs consist of costs incurred to acquire new subscribers and include hardware subsidies paid to radio manufacturers, distributors and automakers, including subsidies paid to automakers who include a satellite radio and a prepaid subscription to SIRIUS XM service in the sale or lease price of a new vehicle; subsidies paid for chip sets and certain other components used in manufacturing radios; device royalties for certain radios and chipsets; commissions paid to retailers and automakers as incentives to purchase, install and activate radios; product warranty obligations; freight; and provisions for inventory allowance attributable to inventory consumed in SIRIUS XM’s automaker and retail distribution channels. Subscriber acquisition costs do not include advertising costs, loyalty payments to distributors and dealers of radios and revenue share payments to automakers and retailers of radios. Subsidies paid to radio manufacturers and automakers are expensed upon installation, shipment, receipt of product or activation and are included in Subscriber acquisition costs because SIRIUS XM is responsible for providing the service to the customers. Commissions paid to retailers and automakers are expensed upon either the sale or activation of radios. Chipsets that are shipped to radio manufacturers and held on consignment are recorded as inventory and expensed as subscriber acquisition costs when placed into production by radio manufacturers. Costs for chipsets not held on consignment are expensed as subscriber acquisition costs when the automaker confirms receipt. Advertising Costs Advertising expense aggregated $230 million, $210 million and $207 million for the years ended December 31, 2016, 2015 and 2014, respectively. Advertising costs are primarily attributable to costs incurred by SIRIUS XM. Media-related advertising costs are expensed when advertisements air, and advertising production costs are expensed as incurred. These costs are reflected in the selling, general and administrative expenses line in our consolidated statements of operations. Stock-Based Compensation As more fully described in note 14, Liberty has granted to its directors, employees and employees of its subsidiaries options and restricted stock to purchase shares of Liberty common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an Award 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). Included in the accompanying consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to SIRIUS XM as discussed in note 14: Years ended December 31, 2016 2015 2014 amounts in millions Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $ In March 2016, the 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. We early adopted this new guidance in the third quarter of 2016. The Company has applied the new guidance prospectively from January 1, 2016. In accordance with the new guidance, excess tax benefits and tax deficiencies are recognized as income tax benefit or expense rather than as additional paid-in capital. The Company has elected to recognize forfeitures as they occur rather than continue to estimate expected forfeitures. In addition, pursuant to the new guidance, excess tax benefits are classified as an operating activity on the consolidated statements of cash flows. The recognition of excess tax benefits and deficiencies are applied prospectively. For tax benefits that were not previously recognized and for adjustments to compensation cost based on actual forfeitures, the Company has recorded a cumulative-effect adjustment in retained earnings as of January 1, 2016 in the amount of $66 million. The presentation changes for excess tax benefits have been applied retrospectively in the consolidated statements of cash flows, resulting in $75 million, $19 million and $3 million of excess tax benefits for the years ended December 31, 2016, 2015 and 2014, respectively, reclassified from cash flows from financing activities to cash flows from operating activities. Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying value amounts and income tax bases of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards. The deferred tax assets and liabilities are calculated using enacted tax rates in effect for each taxing jurisdiction in which the Company operates for the year in which those temporary differences are expected to be recovered or settled. Net deferred tax assets are then reduced by a valuation allowance if the Company believes it more likely than not such net deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of an enacted change in tax rates is recognized in income in the period that includes the enactment date. When the tax law requires interest to be paid on an underpayment of income taxes, the Company recognizes interest expense from the first period the interest would begin accruing according to the relevant tax law. Such interest expense is included in interest expense in the accompanying consolidated statements of operations. Any accrual of penalties related to underpayment of income taxes on uncertain tax positions is included in other income (expense) in the accompanying consolidated statements of operations. Earnings Attributable to Liberty 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 that were outstanding for the period at the Company. 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. 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. As further discussed in note 2, the Liberty Media common stock was renamed Liberty Formula One common stock on January 24, 2017 shortly after the Second Closing. 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 December 31, 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 Formula One common stock, primarily due to warrants issued in connection with the Bond Hedge Transaction (note 10), because their inclusion would be antidilutive. The Amended Warrant Transactions (as defined and discussed in note 10) 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 Formula One Group. Series A, Series B and Series C Liberty Media Corporation Common Stock The basic and diluted EPS calculation is based on the following weighted average shares outstanding (“WASO”) of Liberty's common stock. As discussed in note 1, on July 23, 2014 the Company completed a stock dividend of two shares of Series C Liberty Media Corporation common stock for every share of Series A or Series B Liberty Media Corporation common stock held as of the record date. Therefore, all prior period outstanding share amounts for purposes of the calculation of EPS have been retroactively adjusted for comparability. Excluded from diluted EPS for the years ended December 31, 2016, 2015 and 2014 are 23 million, 22 million and 21 million potential common shares, respectively, primarily due to warrants issued in connection with the Bond Hedge Transaction (as defined and discussed in note 10) because their inclusion would be anti-dilutive. January 1, 2016 Year ended Year ended number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO 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. April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO 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. April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO (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) Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. (c) As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Formula One Group’s intergroup interest in the 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 Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the 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 unaud

Sirius XM Transactions

Sirius XM Transactions	12 Months Ended
	Dec. 31, 2016
SIRIUS XM Transactions
SIRIUS XM Transactions	(4) SIRIUS XM Transactions Liberty obtained a controlling interest and began consolidating SIRIUS XM on January 18, 2013. As of December 31, 2016, we owned approximately 67% of the outstanding equity interest in SIRIUS XM On October 9, 2013, Liberty entered into a share repurchase agreement with SIRIUS XM pursuant to which SIRIUS XM agreed to acquire approximately 136.6 million SIRIUS XM shares for $500 million. Approximately 43.7 million shares were repurchased in 2013 for $160 million in proceeds and the remaining shares were repurchased in 2014 for proceeds of $340 million . The retirement of SIRIUS XM shares on a consolidated basis did not significantly impact the consolidated results as it only required an adjustment to noncontrolling interest as the shares were repurchased and retired. Additionally, during 2014, SIRIUS XM entered into certain accelerated share repurchase agreements pursuant to which SIRIUS XM repurchased approximately 223.2 million shares for approximately $756 million. SIRIUS XM also repurchased approximately 420.1 million, 524.2 million and 423.0 million shares of SIRIUS XM common stock under its stock repurchase program during the years ended December 31, 2016, 2015 and 2014, respectively, for $1.7 billion, $2.0 billion and $1.4 billion, respectively. Liberty continues to maintain a controlling interest in SIRIUS XM following the completion of the share repurchases. In August 2008, SIRIUS XM issued $550 million aggregate principal amount of 7% Exchangeable Senior Subordinated Notes due 2014 (the “SIRIUS Exchangeable Notes”). The SIRIUS Exchangeable Notes were exchangeable at any time at the option of the holder into shares of SIRIUS XM common stock at an exchange rate of 543.1372 shares of common stock per $1,000 principal amount of the notes, which is equivalent to an approximate exchange price of $1.841 per share of common stock. All holders of the SIRIUS Exchangeable Notes converted prior to maturity on December 1, 2014. During the year ended December 31, 2014, $502 million principal amount of the SIRIUS Exchangeable Notes were converted in a non-cash financing transaction, resulting in the issuance of 272,855,859 shares of SIRIUS XM common stock. No loss was recognized as a result of the conversion. In connection with the conversion, Liberty received 5,974,510 shares of SIRIUS XM common stock upon maturity of the SIRIUS Exchangeable Notes.

Supplemental Disclosures to Con

Supplemental Disclosures to Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2016
Supplemental Disclosures to Consolidated Statements of Cash Flows
Supplemental Disclosures to Consolidated Statements of Cash Flows	(5) Supplemental Disclosures to Consolidated Statements of Cash Flows Years ended December 31, 2016 2015 2014 amounts in millions Cash paid for acquisitions: Fair value of assets acquired $ — — Intangibles not subject to amortization — — Intangibles subject to amortization — — Net liabilities assumed — — Deferred tax liabilities — — Cash paid for acquisitions, net of cash acquired $ — — Stock repurchased by subsidiary not yet settled $ Cash paid for interest, net of amounts capitalized $ Cash paid for income taxes $

Assets And Liabilities Measured

Assets And Liabilities Measured At Fair Value	12 Months Ended
	Dec. 31, 2016
Assets and Liabilities Measured at Fair Value
Assets And Liabilities Measured At Fair Value	(6) 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. The Company does not have any recurring assets or liabilities measured at fair value that would be considered Level 3. Liberty's assets and liabilities measured at fair value are as follows: December 31, 2016 December 31, 2015 Quoted prices Significant other Quoted prices Significant other in active markets observable in active markets observable for identical assets inputs for identical assets inputs Description Total (Level 1) (Level 2) Total (Level 1) (Level 2) amounts in millions Cash equivalents $ — — Available-for-sale securities $ — Financial instrument assets $ — Debt $ — — The majority of Liberty's Level 2 financial instruments are debt related instruments and derivative instruments. The Company notes that these assets 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. The fair value of debt related instruments are based on quoted market prices but not considered to be traded on "active markets," as defined by GAAP. Accordingly, those available-for-sale securities, financial instruments and debt related instruments are reported in the foregoing table as Level 2 fair value. The financial instrument assets included in the table above are included in the Other assets line item in the 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 (amounts in millions): Years ended December 31, 2016 2015 2014 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 time of issuance. 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 10 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 expiration occurring on the sixtieth day following the completion of the counterparty’s initial hedge, which was November 27, 2015 and settlement occurring 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. During June 2016, Braves Holdings entered into two interest rate swap arrangements with a notional value of $50 million related to certain of its variable rate loans. The interest rate swaps are marked to market each period based on changes in the LIBOR rate. The interest rate swaps are scheduled to mature in June 2019.

Investments In Available-For-Sa

Investments In Available-For-Sale Securities And Other Cost Investments	12 Months Ended
	Dec. 31, 2016
Investments in Available-for-Sale Securities and Other Cost Investment
Investments in Available-for-Sale Securities and Other Cost Investments	(7) 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 Company previously had 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 those 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 has elected to account for those of its AFS securities which it considers to be non-strategic ("Fair Value Option Securities") at fair value. 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 consolidated statements of operations. Investments in AFS securities, including Fair Value Option Securities separately aggregated, and other cost investments are summarized as follows: December 31, 2016 December 31, 2015 amounts in millions Liberty SiriusXM Group Other AFS and cost investments $ — — Total attributed Liberty SiriusXM Group — — Braves Group Other AFS and cost investments Total attributed Braves Group Formula One Group Fair Value Option Securities Time Warner (a) Viacom (b) Other equity securities Other debt securities — Total Fair Value Option Securities AFS and cost investments Formula 1 — Live Nation debt securities (c) — Other AFS and cost investments Total AFS and cost investments Total attributed Formula One Group Consolidated Liberty $ (a) See note 10 for details regarding the number and fair value of shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of December 31, 2016. (b) During the year ended December 31, 2015, Liberty sold 1.8 million shares of Viacom common stock for approximately $122 million in proceeds. (c) Liberty redeemed the Live Nation debt securities at face value during October 2016. Formula 1 On September 7, 2016 Liberty, through its indirect wholly owned subsidiary Liberty GR Cayman Acquisition Company, entered into two definitive stock purchase agreements relating to the acquisition of Delta Topco, the parent company of Formula 1, a global motorsports business, from a consortium of sellers led by CVC Capital Partners (“CVC”). The transactions contemplated by the first purchase agreement were completed on September 7, 2016 and provided for Liberty’s acquisition of slightly less than a 20% minority stake in Formula 1 on an undiluted basis for $746 million, funded entirely in cash (which is equal to $821 million in consideration less a $75 million discount that was repaid by Liberty to selling stockholders upon completion of the Second Closing). On October 27, 2016, under the terms of the first purchase agreement, Liberty acquired an additional $13 million incremental equity interest of Delta Topco, maintaining Liberty’s investment in Delta Topco on an undiluted basis and increasing slightly to 19.1% on a fully diluted basis. Liberty acquired 100% of the fully diluted equity interests of Delta Topco, other than a nominal number of shares held by certain Formula 1 teams, in the Second Closing. Prior to the Second Closing, CVC continued to be the controlling shareholder of Formula 1, and Liberty did not have any voting interests or board representation in Formula 1. As a result, we concluded that we did not have significant influence over Formula 1, and therefore our initial investment in Formula 1 was accounted for as a cost investment until the completion of the Second Closing, at which time we began consolidating Formula 1. The $8.0 billion transaction price for the acquisition represents an enterprise value for Formula 1 of approximately $8.0 billion and an equity value of approximately $4.4 billion, calculated at the time of the first closing. The $5.0 billion consideration was comprised of $3.05 billion of cash, $1.6 billion represented by approximately 56 million newly issued shares of Series C Liberty Formula One common stock and a $351 million debt instrument issued by Delta Topco and exchangeable into shares of Series C Liberty Formula One common stock. In connection with the transaction, Liberty entered into a $500 million margin loan on November 8, 2016, secured by shares of Live Nation and Viacom public equity securities held by Liberty (the ‘‘Live Nation Margin Loan’’). No amounts were drawn on the Live Nation Margin Loan at December 31, 2016. Liberty drew approximately $350 million to use for the purchase of Formula 1, on January 23, 2017, leaving $150 million available to be drawn. See note 10 for additional discussion regarding the Live Nation Margin Loan. At the Second Closing, the cash component of the consideration payable to the selling shareholders in the Formula 1 acquisition was increased by $1.55 billion, the amount paid by certain third party investors in exchange for 62 million newly issued shares of Series C Liberty Formula One common stock to certain third party investors at a price per share of $25.00. The issuance of these shares was consummated concurrently with the Second Closing on January 23, 2017. These newly issued shares of Series C Liberty Formula One common stock are subject to market co-ordination and lock-up agreements. As a result, the stock component of the consideration payable to the selling shareholders in the Formula 1 acquisition was decreased by 62 million shares. Also concurrently with the Second Closing, the Company used a portion of the net proceeds of its $450 million cash convertible senior notes offering, as discussed in note 10, to increase the cash consideration payable to the selling shareholders by approximately $400 million and retain in treasury the approximately 19 million shares of Series C Liberty Formula One common stock that would otherwise have been issued to the selling shareholders based on the per share purchase price of $21.26. These shares of Series C Liberty Formula One common stock will be reserved by the Company for possible sale to the Formula 1 teams. To the extent such shares are not sold to Formula 1 teams within six months following the Second Closing, the shares will be retired. In connection with the Second Closing, Delta Topco issued $351 million subordinated exchangeable notes, upon the conversion of certain outstanding Delta Topco loan notes, that bear interest at 2% per annum and mature in July 2019, exchangeable into cash or newly issued shares of Series C Liberty Formula One common stock. See note 10 for additional discussion of this debt instrument. Unrealized Holding Gains and Losses There were no unrealized holding gains or losses related to investments in AFS securities at December 31, 2016 or 2015.

Investments In Affiliates Accou

Investments In Affiliates Accounted For Using The Equity Method	12 Months Ended
	Dec. 31, 2016
Investments in Affiliates Accounted for Using the Equity Method
Investments In Affiliates Accounted For Using The Equity Method	(8) 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 and market value (Level 1) of the more significant investments in affiliates at December 31, 2016, and the carrying amount at December 31, 2015: December 31, 2016 December 31, 2015 Percentage Market Carrying Carrying ownership Value amount amount dollar amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ $ Total Liberty SiriusXM Group Braves Group Other NA NA Total Braves Group Formula One Group Live Nation $ Other various NA Total Formula One Group Consolidated Liberty $ The following table presents the Company's share of earnings (losses) of affiliates: Years ended December 31, 2016 2015 2014 amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ Total Liberty SiriusXM Group Braves Group Other Total Braves Group Formula One Group Live Nation Charter NA NA Other Total Formula One Group Consolidated Liberty $ SIRIUS XM Canada In the acquisition of SIRIUS XM on January 18, 2013, Liberty acquired an interest in Sirius XM Canada Holdings, Inc. (“SIRIUS XM Canada”) which SIRIUS XM accounts for as an equity method affiliate. Liberty recognized the investment at fair value, based on the market price per share (level 1), on the date of acquisition. SIRIUS XM has entered into agreements to provide SIRIUS XM Canada with the right to offer SIRIUS XM satellite radio service in Canada. The various license and service 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. SIRIUS XM recognizes these payments on a gross basis as a principal obligor. The estimated fair value of deferred revenue from SIRIUS XM Canada as of the acquisition date was approximately $21 million, which is amortized on a straight-line basis through 2020, the end of the expected term of the agreements. SIRIUS XM provides programming and content services and are reimbursed for certain product development, production and distribution of chipset radios, as well as for information technology and streaming support costs. At December 31, 2016, SIRIUS XM had approximately $6 million and $11 million in related party assets and liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in other assets and other liabilities, respectively, in the consolidated balance sheet. At December 31, 2015, SIRIUS XM had approximately $6 million and $14 million in related party assets and liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in other assets and other liabilities, respectively, in the consolidated balance sheet. Additionally, SIRIUS XM recorded approximately $46 million, $56 million and $50 million in revenue for the years ended December 31, 2016, 2015 and 2014, respectively, associated with these various agreements in the other revenue line in the consolidated statements of operations. SIRIUS XM Canada declared and paid dividends to SIRIUS XM of $8 million, $16 million and $43 million during the years ended December 31, 2016, 2015 and 2014, respectively. These dividends were first recorded as a reduction to SIRIUS XM’s investment balance in Sirius XM Canada to the extent a balance existed and then as Other income for the remaining portion. 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 has been approved by the shareholders of SIRIUS XM Canada and has received the required court approval. The Transaction remains subject to receipt of Canadian Radio-Television and Telecommunications Commission approval. Pending receipt of all necessary approvals, the Transaction is expected to close early in the second quarter of 2017. Charter In May 2013, Liberty completed a transaction with investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners to acquire approximately 26.9 million shares of common stock and approximately 1.1 million warrants in Charter for approximately $2.6 billion, which represented an approximate 27% beneficial ownership (including the warrants on an as if converted basis) in Charter at the time of purchase. Liberty accounted for the investment in Charter as an equity method affiliate based on the ownership interest obtained and the board seats held by Liberty appointed individuals. Liberty funded the purchase with a combination of cash on hand and new margin loan arrangements on approximately 20.3 million Charter common shares, approximately 720 million SIRIUS XM common shares, approximately 8.1 million Live Nation common shares and a portion of Liberty's available for sale securities. Liberty allocated the purchase price between the shares of common stock and the warrants acquired in the transaction by determining the fair value of the publicly traded warrants and allocating the remaining balance to the shares acquired, which resulted in an excess basis in the investment of $2.5 billion. The excess basis was primarily allocated to franchise fees, customer relationships, debt and goodwill based on a valuation of Charter's assets and liabilities. Our share of losses related to Charter included a loss of $60 million due to the amortization of the excess basis of our investment during the year ended December 31, 2014. During the year ended December 31, 2014, the Company recognized $72 million in losses in its investment in Charter shares and warrants due to warrant and stock option exercises at Charter below Liberty's book basis per share. Dilution losses are included in the other, net line in the accompanying consolidated statements of operations. As discussed in note 1, Liberty’s investment in Charter was spun off to stockholders as part of the Broadband Spin-Off, which was completed on November 4, 2014. Liberty ceased recording the results of Charter in its financial statements as of the date of the completion of the Broadband Spin-Off.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	(9 ) Goodwill and Other Intangible Assets There were no changes in the carrying amount of goodwill during the years ended December 31, 2016 and 2015. Other intangible assets not subject to amortization, not separately disclosed, are tradenames ($930 million) at December 31, 2016 and 2015 and franchise rights owned by Braves Holdings ($143 million) as of December 31, 2016 and 2015. We identified these assets as indefinite life intangible assets after considering the expected use of the assets, the regulatory and economic environment within which they are used and the effects of obsolescence on their use. SIRIUS XM's Federal Communications Commission (“FCC”) licenses are currently scheduled to expire in 2018, 2021, 2022 and 2025. Prior to expiration, SIRIUS XM is required to apply for a renewal of its FCC licenses. The renewal and extension of its licenses is reasonably certain at minimal cost, which is expensed as incurred. Each of the FCC licenses authorizes SIRIUS XM to use the broadcast spectrum, which is a renewable, reusable resource that does not deplete or exhaust over time. Intangible Assets Subject to Amortization Intangible assets subject to amortization are comprised of the following: December 31, 2016 December 31, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in millions Customer relationships $ Licensing agreements Other Total $ Customer relationships are amortized over 10-15 years and licensing agreements are amortized over 15 years. Amortization expense was $168 million, $155 million and $150 million for the years ended December 31, 2016, 2015 and 2014, respectively. Based on its amortizable intangible assets as of December 31, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): 2017 $ 2018 $ 2019 $ 2020 $ 2021 $

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt
Debt	(10) Debt Debt is summarized as follows: Outstanding Carrying value Principal December 31, December 31, December 31, 2016 2016 2015 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 Braves Group Subsidiary notes and loans: Notes and loans Less deferred financing costs Total Braves Group Formula One Group Corporate level notes and loans: Liberty 1.375% Cash Convertible Notes due 2023 2.25% Exchangeable Senior Debentures due 2046 — Other Total Formula One Group Total debt $ Less debt classified as current Total long-term debt $ Liberty 1.375% Cash Convertible Senior 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 conversion rate was adjusted to 21.0859 shares of Series A Liberty Media Corporation common stock per $1,000 principal amount of Convertible Notes and an adjusted conversion price of $47.43 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 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 Formula One 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 statements of operations. As of December 31, 2016, the Convertible Notes are classified as a long term liability in the consolidated balance sheets, as the conversion conditions have not been met as of such date. Additionally, contemporaneously with the issuance of the Convertible Notes, Liberty entered into the Bond Hedge Transaction. Liberty paid approximately $299 million for 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 Media Corporation 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 Formula One 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 December 31, 2016, the basket price of the securities underlying the Bond Hedge Transaction was $44.58 per share. The bond hedge expires on October 15, 2023 and is included in other long-term assets as of December 31, 2016 and 2015 in the accompanying consolidated balance sheets, with changes in the fair value recorded in the Unrealized gains (losses) on financial instruments, net line item of the 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. The issuance of the warrants were recorded as a component of Additional paid-in capital. In connection with the Series C Liberty Media Corporation common stock issuance and the Broadband Spin-Off during 2014, as discussed in note 1, the number of warrants outstanding was adjusted to 21,085,900 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 Formula One 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 December 31, 2016, the basket price of the securities underlying the Amended Warrant Transactions was $44.58 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. 2.25% Exchangeable Senior Debentures due 2046 On August 17, 2016, Liberty closed a private offering of approximately $445 million aggregate principal amount of its 2.25% exchangeable senior debentures due 2046 (the “2.25% Exchangeable Senior Debentures due 2046”). Upon an exchange of debentures, Liberty, at its option, may deliver Time Warner common stock, cash or a combination of Time Warner common stock and cash. The number of shares of Time Warner common stock attributable to a debenture represents an initial exchange price of approximately $104.55 per share. A total of approximately 4.25 million shares of Time Warner common stock are attributable to the debentures. Interest is payable quarterly on March 31, June 30, September 30 and December 31 of each year, commencing December 31, 2016. The debentures may be redeemed by Liberty, in whole or in part, on or after October 5, 2021. Holders of the debentures also have the right to require Liberty to purchase their debentures on October 5, 2021. The redemption and purchase price will generally equal 100% of the adjusted principal amount of the debentures plus accrued and unpaid interest. The debentures, as well as the associated cash proceeds, were attributed to the Formula One Group. Liberty used the net proceeds of the offering for the acquisition of an investment in Formula 1 during September 2016, as further described in note 7. Liberty has elected to account for the debentures using the fair value option. Accordingly, changes in the fair value of these instruments are recognized as unrealized gains (losses) in the accompanying consolidated statements of operations. On October 22, 2016, AT&T Inc. (“AT&T”) and Time Warner announced that they entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction. The transaction is expected to close before year-end 2017, subject to approval by Time Warner shareholders and review by the U.S. Department of Justice, as well as potential review by the FCC. If the acquisition is consummated, in accordance with the terms of the indenture governing the 2.25% Exchangeable Senior Debentures due 2046, the cash portion of the acquisition consideration would be paid as an extraordinary additional distribution to holders of debentures and the stock portion of the acquisition consideration would become reference shares attributable to the debentures. Additionally, if the acquisition is consummated, any amount of excess regular quarterly cash dividends paid on the AT&T reference shares would be distributed by the Company to holders of the debentures as an additional distribution. Liberty 1% Cash Convertible Notes due 2023 In connection with the Second Closing on January 23, 2017, Liberty issued $450 million convertible cash notes at an interest rate of 1% per annum, which are convertible, under certain circumstances, into cash based on the trading prices of the underlying shares of Series C Liberty Formula One common stock and mature on January 30, 2023 (the ‘‘1% Convertible Notes’’). The initial conversion rate for the notes will be 27.1091 shares of Series C Liberty Formula One common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $36.89 per share of Series C Liberty Formula One common stock. The conversion of the 1% Convertible Notes will be settled solely in cash, and not through the delivery of any securities. As discussed in note 7, Liberty used a portion of the net proceeds of the 1% Convertible Notes to fund an increase to the cash consideration payable to the selling shareholders of Formula 1 by approximately $400 million. Delta Topco Limited Exchangeable Redeemable Loan Notes As discussed in note 7, in connection with the Second Closing on January 23, 2017, Delta Topco issued $351 million in subordinated exchangeable debt instruments (the “Exchangeable Notes”) upon the conversion of certain outstanding Delta Topco loan notes. The Exchangeable Notes bear interest at 2% annum, mature in July 2019 and are exchangeable into cash or newly issued shares of Series C Liberty Formula One common stock. Interest is payable by either, at the discretion of Delta Topco, (i) issuing payment-in-kind notes or (ii) cash. The Exchangeable Notes are attributed to the Formula One Group. Exchangeable Notes may be exchanged at the option of the noteholder into shares of Series C Liberty Formula One common stock, subject to Delta Topco’s right to instead redeem such Exchangeable Notes for cash. At any time when the total principal amount of the Exchangeable Notes outstanding and owned by the noteholder or its affiliates is less than the total principal amount originally issued to such noteholder, then Delta Topco will have the right to require the noteholder to exchange any or all of such noteholder’s Exchangeable Notes for shares of Series C Liberty Formula One common stock or cash (at Delta Topco’s election). Additionally, if a noteholder proposes to transfer any of its Exchangeable Notes to a person other than a permitted transferee, then Delta Topco will have the option to redeem such Exchangeable Notes for cash. However, if Delta Topco does not timely exercise its right to effect this redemption for cash, then the Exchangeable Notes proposed to be transferred will be automatically exchanged prior to transfer into shares of Series C Liberty Formula One common stock. Although the exact number of shares of Series C Liberty Formula One common stock which may become issuable upon any of these events cannot be predicted, if all Exchangeable Notes were tendered in connection with a noteholder optional exchange on July 22, 2019, which is just before the maturity date, and assuming that all interest was paid in the form of payment-in-kind notes, the maximum number of shares of Series C Liberty Formula One common stock issuable upon exchange of the debentures would be approximately 15.7 million shares, assuming interest on the Exchangeable Notes is not issued in the form of payment-in-kind notes). Margin Loans During the year ended December 31, 2013, in connection with Liberty's acquisition of Charter common stock and warrants, as discussed in note 8, Liberty, through certain of its wholly-owned subsidiaries, entered into three different margin loans with various financial institutions (“lender parties”) in order to fund the purchase. One of these margin loans was fully repaid during 2013. Each agreement contains language that indicates that Liberty, as borrower and transferor of underlying shares as collateral, has the right to exercise all voting, consensual and other powers of ownership pertaining to the transferred shares for all purposes, provided that Liberty agrees that it will not vote the shares in any manner that would reasonably be expected to give rise to transfer or other certain restrictions. Similarly, the loan agreements indicate that no lender party shall have any voting rights with respect to the shares transferred, except to the extent that a lender party buys any shares in a sale or other disposition made pursuant to the terms of the loan agreements. The margin loans consist of the following: $750 Million Margin Loan due 2018 On April 30, 2013, Liberty Siri MarginCo, LLC, a wholly-owned subsidiary of Liberty, entered into a margin loan agreement whereby Liberty Siri MarginCo, LLC borrowed $250 million pursuant to a term loan and $450 million pursuant to a revolving credit facility with various lender parties. Shares of common stock of certain of the Company’s equity affiliates and cost investments were pledged as collateral pursuant to this agreement. Borrowings under this agreement were due October 31, 2014 and bore interest equal to LIBOR plus 2%. Interest on the term loan was payable on the first business day of each calendar quarter, and interest was payable on the revolving line of credit on the last day of the interest period applicable to the borrowing of which such loan is a part. During 2013, Liberty Siri MarginCo, LLC repaid $450 million outstanding under the revolving credit facility. During October 2014, Liberty refinanced this margin loan arrangement for a similar financial instrument with a term loan of $250 million and a $750 million undrawn line of credit. The term loan and any drawn portion of the revolver bore interest at a rate of LIBOR plus an applicable spread between 1.75% and 2.50% (based on value of collateral) with the undrawn portion carrying a fee of 0.75%. Other terms of the loan were substantially similar to the previous arrangement. During October 2015, Liberty refinanced this margin loan arrangement for a similar financial instrument with a term loan of $250 million and a $1 billion undrawn line of credit, which was scheduled to mature on October 25, 2016. As of December 31, 2015, shares of SIRIUS XM and Live Nation were pledged as collateral pursuant to this agreement. The new term loan and any drawn portion of the revolver carried 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%. Other terms of the agreement were substantially similar to the previous arrangement. During October 2016, Liberty amended this margin loan arrangement to provide for a similar financial instrument with a term loan of $250 million and a $500 million undrawn line of credit, which is scheduled to mature during October 2018. The new term loan and any drawn portion of the revolver carries an interest rate of LIBOR plus 1.75% with the undrawn portion carrying a fee of 0.75%. Other terms of the agreement were substantially similar to the previous arrangement. Borrowings outstanding under this margin loan bore interest at a rate of 2.59% per annum at December 31, 2016. As of December 31, 2016, availability under the revolving line of credit was $500 million. 1,138.4 million shares of SIRIUS XM common stock held by Liberty with a value of $5,066 million were pledged as collateral to the $750 million margin loan due 2018 as of December 31, 2016, and shares of Live Nation common stock are no longer pledged as collateral under the new arrangement. The margin loan contains various affirmative and negative covenants that restrict the activities of the borrower. The loan agreement does not include any financial covenants. $670 Million Margin Loan due 2015 On May 1, 2013, LMC Cheetah 2, LLC, a wholly-owned subsidiary of Liberty, entered into a margin loan agreement with an availability of $670 million pursuant to a term loan with various lender parties ("$670 Million Margin Loan due 2015"). Shares of Charter common stock were pledged as collateral pursuant to this agreement. The $670 Million Margin Loan due 2015 was due May 1, 2015 and bore interest equal to the three-month LIBOR plus 3.25%, payable on the first day of each of February, May, August and November throughout the term of the loan. During 2013, Liberty fully drew the $670 Million Margin Loan due 2015. During the year ended December 31, 2014, Liberty fully repaid the $670 Million Margin Loan due 2015 and the shares previously pledged under the loan are no longer pledged as collateral. $500 Million Margin Loan due 2018 On November 8, 2016, LMC LYV, LLC, a wholly-owned subsidiary of Liberty, entered into a margin loan agreement with an availability of $500 million with various lender parties. 53.7 million shares of the Company’s Live Nation common stock with a value of $1,430 million and 1.9 million shares of the Company’s Viacom common stock with a value of $65 million were pledged as collateral to the loan as of December 31, 2016. This margin loan has a two year term and bears interest at a rate of LIBOR plus 2.25% and contains an undrawn commitment fee of 0.75% per annum. Interest on the term loan is payable on the first business day of each calendar quarter. This loan was undrawn as of December 31, 2016. On January 20, 2017, LMC LYV, LLC drew $350 million under the margin loan, and the proceeds were used for the Second Closing, as discussed in notes 2 and 7. SIRIUS XM Outstanding Debt SIRIUS XM Senior Secured Revolving Credit Facility In June 2015, SIRIUS XM amended an existing senior secured revolving credit facility (the “Credit Facility”) with a syndicate of financial institutions 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 guaranteed by certain of SIRIUS XM’s material domestic subsidiaries and is secured by a lien on substantially all of SIRIUS XM's assets and the assets of its material domestic subsidiaries. The proceeds of loans under the Credit Facility are used for working capital and other general corporate purposes, including financing acquisitions, share repurchases and dividends. Interest on borrowings is payable on a monthly basis and accrues at a rate based on LIBOR plus an applicable rate. Borrowings outstanding under the Credit Facility as of December 31, 2016 bore interest at a rate of 2.41% per annum. SIRIUS XM is required to pay a variable fee on the average daily unused portion of the Credit Facility which was 0.25% as of December 31, 2016 and is payable on a quarterly basis. The Credit Facility contains customary covenants, including a maintenance covenant. As of December 31, 2016, availability under the Credit Facility was $1,360 million. 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 5.875% Senior Notes Due 2020 During September 2013, SIRIUS XM issued $650 million of 5.875% Senior Notes Due 2020 ("5.875% Notes") for $643 million. Interest on the 5.875% Notes is payable semi-annually in arrears on April 1 and October 1 of each year at a rate of 5.875% per annum. Substantially all of SIRIUS XM's domestic wholly-owned subsidiaries guaranteed SIRIUS XM's obligations under the notes. During October 2016, SIRIUS XM redeemed $650 million principal amount of its 5.875% Senior Notes due 2020 for an approximate purchase price of $669 million, including premium, which resulted in the recognition of a loss on extinguishment of debt of approximately $24 million. This redemption was funded with $359 million of cash and cash equivalents and $310 million of borrowings under the Credit Facility. SIRIUS XM 5.25% Senior Secured Notes due 2022 In August 2012, SIRIUS XM issued $400 million aggregate principal amount of 5.25% Senior Secured Notes due 2022 (the “5.25% Notes”). Interest is payable semi-annually in arrears on February 15 and August 15 of each year at a rate of 5.25% per annum. The 5.25% Notes mature on August 15, 2022. Substantially all of SIRIUS XM's domestic wholly-owned subsidiaries guarantee SIRIUS XM's obligations under the 5.25% Notes. The premium associated with the 5.25% Notes was recorded in purchase accounting as the difference between fair value and the outstanding principal amount at the date of acquisition. This premium is being amortized over the remaining period to maturity through interest expense. In April 2014, SIRIUS XM entered into a supplemental indenture to the indenture governing the 5.25% Notes pursuant to which SIRIUS XM granted a first priority lien on substantially all of its assets and the guarantors to the holders of the 5.25% Notes. The liens securing the 5.25% Notes are equal and ratable to the liens granted to secure the Credit Facility. SIRIUS XM Senior Notes Due 2020 and 2023 In May 2013, SIRIUS XM issued $500 million of Senior Notes due 2020 which bear interest at an annual rate of 4.25% and $500 million of Senior Notes due 2023 which bear interest at an annual rate of 4.625%. SIRIUS XM received net proceeds of $989 million from the sale of the notes after deducting commissions, fees and expenses. Interest on the notes is payable semi-annually in arrears on May 15 and November 15 of each year. Substantially all of SIRIUS XM's domestic wholly-owned subsidiaries guarantee SIRIUS XM's obligations under the notes. SIRIUS XM 5.75% Senior Notes Due 2021 During August 2013, SIRIUS XM issued $600 million of 5.75% Senior Notes due 2021 ("5.75% Notes"). Interest on the notes is payable semi-annually in arrears on February 1 and August 1 of each year at a rate of 5.75% per annum. Substantially all of SIRIUS XM's domestic wholly-owned subsidiaries guarantee SIRIUS XM's obligations under the notes. The 5.75% Notes were issued for $594 million. SIRIUS XM 5.375% Senior Notes due 2025 In March 2015, SIRIUS XM issued $1.0 billion principal amount of new senior notes due 2025 which bear interest at an annual rate 5.375% (“SIRIUS XM 5.375% Senior Notes due 2025”) with an original issuance discount of $11 million. The SIRIUS XM 5.375% Senior Notes due 2025 are recorded net of the remaining unamortized discount. 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, the Cumberland Improvement District (“CID”) and Cobb-Marietta Coliseum and Exhibit Hall Authority (the “Authority”). The Authority, the CID and Cobb County will be responsible for funding $392 million of ballpark related construction and Braves Holdings will be responsible for remainder of the cost, including cost overruns. The 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 bore 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. In connection with entering into the Braves Senior Secured Note during August 2016 (discussed below), Braves Holdings partially repaid and reduced the capacity on the Braves Term Loan from $345 million to $130 million. The interest rate on the Braves Term Loan was 2.37% as of December 31, 2016. The Braves Term Loan is scheduled to mature during August 2021. 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 $85 million for a total capacity under the credit facilities of $185 million. As of December 31, 2016, the weighted average interest rate on the credit facilities was 1.88%. As of December 31, 2016, Braves Holdings has borrowed approximately $70 million under the Braves Term Loan and two credit facilities. During August 2016, a subsidiary of Braves Holdings entered into a $200 million senior secured note which was funded during October 2016 (the “Braves Senior Secured Note”). The Braves Senior Secured Note bears interest at 3.77% per annum, payable semi-annually in arrears. The Braves Senor Secured Note is scheduled to mature during September 2041. A portion of the proceeds from the Braves Senior Secured Note were used to partially repay the Braves Term Loan, and the remaining funds will be used to finance the stadium construction. Due to Braves Holdings providing the initial funding of the project and its ownership of the land during the initial construction period, until the initial reimbursement by the Authority during September 2015 at which time the land was conveyed to the Authority, Braves Holdings has been deemed the owner (for accounting purposes) of the stadium during the construction period and costs have been classified as construction in progress (“CIP”), within the Property and equipment, net line item. Future costs of the project will continue to be captured in CIP along with a corresponding liability in other liabilities, for amounts funded by the Authority. At the end of construction an additional determination will be made to determine whether the transaction will qualify for sale-leaseback accounting treatment. In addition, Braves Holdings through affiliated entities and outside development partners are in the process of developing land around the ballpark for a mixed-use complex that is expected to feature retail, residential, office, hotel and entertainment opportunities. The estimated cost for mixed-use development, known as The Battery Atlanta, is $558 million, of which Braves Holdings affiliated entities are expected to fund approximately $490 million, which Braves Holdings intends to fund with 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 December 31, 2016, $63 million was drawn on these facilities with a weighted average interest rate of 2.75%. As discussed in note 7, 464 thousand Time Warner shares with a fair value of $45 million were pledged as collateral to these facilities as of December 31, 2016. Additionally, in August 2016, a subsidiary of Braves Holdings entered into a credit facility with an availability of $30 million to fund a portion of the entertainment venue as part of the mixed use development. This facility matures during August 2020 and contains one twelve month extension option. The credit facility bears interest at LIBOR plus 3.25%, with a step-down upon completion of construction. As of December 31, 2016, the interest rate on this facility was 3.80%, and $5 million was drawn. As of December 31, 2016, approximately $618 million has been spent to-date on the baseball facility, of which approximately $373 million of funding has been provided by the Authority, and $309 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 and other borrowings contain certain non-financial covenants. As of December 31, 2016, the Company, SIRIUS XM and Braves Holdings were in compliance with all debt covenants. 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 is as follows (amounts in millions): December 31, 2016 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 $ SIR

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes
Income Taxes	(11) Income Taxes Income tax benefit (expense) consists of: Years ended December 31, 2016 2015 2014 amounts in millions Current: Federal $ State and local Foreign — — Deferred: Federal State and local Foreign — — — Income tax benefit (expense) $ Income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following: Years ended December 31, 2016 2015 2014 amounts in millions Computed expected tax benefit (expense) $ Liquidation of consolidated subsidiaries — — Dividends received deductions Taxable dividends not recognized for book purposes — — Sale of subsidiary shares to subsidiary treated as a dividend for tax — — State and local income taxes, net of federal income taxes Federal tax credits — — Change in valuation allowance affecting tax expense Recognition of tax benefits not previously recognized, net — — Other, net Income tax benefit (expense) $ For the year ended December 31, 2016 the significant reconciling item, as noted in the table above, is state income taxes offset with federal income tax credits claimed by SIRIUS XM related to research and development activities. For the year ended December 31, 2015 the significant reconciling item, as noted in the table above, is a $44 million increase in the valuation allowance due to the effect of a tax law change in the District of Columbia (“D.C.”) which reduces the future allocation of SIRIUS XM’s taxable income in D.C. As a result, SIRIUS XM expects it will utilize less of its D.C. net operating losses in the future, resulting in a $44 million increase in the valuation allowance offsetting the deferred tax asset for these net operating losses. For the year ended December 31, 2014 the significant reconciling items, as noted in the table above, are the result of taxes attributable to our sale of SIRIUS XM shares to SIRIUS XM, which is treated as a taxable distribution, but is not recognized for financial statement purposes. In addition, we recognized a benefit on our liquidation of a consolidated partnership investment and the related reduction in the tax basis of the partnership’s assets, which was not recognized for financial statement purposes and a dividends received deduction, primarily attributable to the taxable SIRIUS XM distribution during the year. The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities are presented below: December 31, 2016 2015 amounts in millions Deferred tax assets: Net operating and capital loss carryforwards and tax credits $ Accrued stock compensation Other accrued liabilities Deferred revenue Other future deductible amounts Deferred tax assets Valuation allowance Net deferred tax assets Deferred tax liabilities: Investments Fixed assets Intangible assets Discount on debt Deferred tax liabilities Net deferred tax liabilities $ SIRIUS XM's deferred tax assets and liabilities are included in the amounts above although SIRIUS XM's deferred tax assets and liabilities are not offset with Liberty's deferred tax assets and liabilities as SIRIUS XM is not included in the consolidated group tax return of Liberty. Liberty's acquisition of a controlling interest in SIRIUS XM's outstanding common stock during January 2013 did not cause a change in control under Section 382 of the Code. The Company's net increase in the valuation allowance of $1 million in 2016 was recorded entirely to income tax expense. At December 31, 2016, the Company had federal and state net operating loss carryforwards for income tax purposes which, if not utilized to reduce taxable income in future periods, will expire on various dates through 2035. The Company's federal net operating loss carryforwards are primarily attributable to those at the SIRIUS XM level ($3.2 billion, $1.3 billion tax effected). A reconciliation of unrecognized tax benefits is as follows: December 31, 2016 2015 2014 amounts in millions Balance at beginning of year $ Reductions for tax positions of prior years — Lapse in the statute of limitations — — Increase in tax positions for current year — — Increase in tax positions from prior years — — Increase in tax positions from acquisition — — — Balance at end of year $ As of December 31, 2016, the Company had recorded tax reserves of $304 million related to unrecognized tax benefits for uncertain tax positions. If such tax benefits were to be recognized for financial statement purposes, less than $199 million dollars would be reflected in the Company's tax expense and affect its effective tax rate. We do not currently anticipate that our existing reserves related to uncertain tax positions as of December 31, 2016 will significantly increase or decrease during the twelve-month period ending December 31, 2017; however, various events could cause our current expectations to change in the future. The Company's estimate of its unrecognized tax benefits related to uncertain tax positions requires a high degree of judgment. As of December 31, 2016, the Company's tax years prior to 2012 are closed for federal income tax purposes, and the IRS has completed its examination of the Company's 2013 through 2015 tax years. The Company's tax loss carryforwards from its 2011 through 2015 tax years are still subject to adjustment. The Company's 2016 tax year is being examined currently as part of the IRS's Compliance Assurance Process program. Various states are currently examining the Company's prior years state income tax returns. Sirius XM, which does not consolidate with Liberty for income tax purposes, has certain state income tax audits pending. We do not expect the ultimate disposition of these audits to have a material adverse effect on our financial position or results of operations. As of December 31, 2016, the Company had less than a million dollars in accrued interest and penalties recorded related to uncertain tax positions.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity
Stockholders' Equity	(12) Stockholders ' Equity Preferred Stock Liberty's preferred stock is issuable, from time to time, with such designations, preferences and relative participating, optional or other rights, qualifications, limitations or restrictions thereof, as shall be stated and expressed in a resolution or resolutions providing for the issue of such preferred stock adopted by Liberty's board of directors. As of December 31, 2016, no shares of preferred stock were issued. Common Stock 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. As further discussed in note 2, the Liberty Media common stock was renamed Liberty Formula One common stock on January 24, 2017 shortly after the Second Closing. The operating results prior to the Recapitalization are attributed to Liberty stockholders in the aggregate, and the operating results subsequent to the Recapitalization are attributed to the respective tracking stock groups. As discussed in note 1, on July 23, 2014, holders of Series A and Series B Liberty Media Corporation common stock received a dividend of two shares of Series C Liberty Media Corporation common stock for each share of Series A or Series B Liberty Media Corporation common stock held by them as of July 7, 2014. Series A Liberty SiriusXM, Liberty Braves and Liberty Formula One common stock have one vote per share, Series B Liberty SiriusXM, Liberty Braves and Liberty Formula One common stock have ten votes per share and Series C Liberty SiriusXM, Liberty Braves and Liberty Formula One common stock have no votes per share. Each share of Series B common stock is exchangeable at the option of the holder for one share of Series A common stock of the same group. All series of our common stock participate on an equal basis with respect to dividends and distributions. Purchases of Common Stock During the year ended December 31, 2015, the Company repurchased 9.2 million shares of Series A and Series C Liberty Media Corporation common stock for aggregate cash consideration of $350 million under the authorized repurchase program. All of the foregoing shares obtained have been retired and returned to the status of authorized and available for issuance. There were no repurchases of Liberty common stock made pursuant to the Company’s authorized repurchase program during the years ended December 31, 2014 and 2016. Dividends Declared by Subsidiary On October 26, 2016, SIRIUS XM’S board of directors declared the first quarterly dividend on SIRIUS XM common stock in the amount of $0.01 per share of common stock to stockholders of record on November 9, 2016. The dividend was paid in cash on November 30, 2016 in the amount of $48 million, of which Liberty received $32 million. SIRIUS XM’S board of directors expects that this dividend will be the first of regular quarterly dividends, in an aggregate amount of $0.04 per share of common stock per year. On January 24, 2017, SIRIUS XM’s board of directors declared a quarterly dividend on its common stock in the amount of $0.01 per share of common stock, payable on February 28, 2017 to stockholders of record at the close of business on February 7, 2017.

Related Party Transactions with

Related Party Transactions with Officers and Directors	12 Months Ended
	Dec. 31, 2016
Related Party Transactions with Officers and Directors
Related Party Transactions with Officers and Directors	(13) Related Party Transactions with Officers and Directors Chief Executive Officer Compensation Arrangement In December 2014, the Compensation Committee (the "Committee") of Liberty approved a compensation arrangement, including term options as discussed in note 14, for its President and Chief Executive Officer (the "CEO"). The arrangement provides for a five year employment term which began on January 1, 2015 and ends December 31, 2019, with an annual base salary of $960,750, increasing annually by 5% of the prior year's base salary, and an annual target cash bonus equal to 250% of the applicable year's annual base salary. The arrangement also provides that, in the event the CEO is terminated for "cause,” he will be entitled only to his accrued base salary and any amounts due under applicable law and he will forfeit all rights to his unvested term options. If, however, the CEO is terminated by Liberty without cause or if he terminates his employment for “good reason," he will be entitled to his accrued base salary, his accrued but unpaid bonus and any amounts due under applicable law, a severance payment of 1.5 times his base salary during the year of his termination, a payment equal to $11,750,000 pro rated based upon the elapsed number of days in the calendar year of termination, a payment equal to $17.5 million, and his unvested term options will generally vest pro rata based on the portion of the term elapsed through the termination date plus 18 months and for all vested and accelerated options to remain exercisable until their respective expiration dates. If, however, the CEO terminates his employment without “good reason," he will be entitled to his accrued base salary, his accrued but unpaid bonus and any amounts due under applicable law, a payment equal to $11,750,000 pro rated based upon the elapsed number of days in the calendar year of termination, and for his unvested term options to generally vest pro rata based on the portion of the term elapsed through the termination date and all vested and accelerated options to remain exercisable until their respective expiration dates. Lastly, in the case of the CEO's death or his disability, he is entitled to his accrued base salary, his accrued but unpaid bonus and any amounts due under applicable law, a payment of 1.5 times his base salary during the year of his termination, a payment equal to $11,750,000 pro rated based upon the elapsed number of days in the calendar year of termination, a payment equal to $17.5 million, and for his unvested term options to fully vest and for his vested and accelerated term options to remain exercisable until their respective expiration dates. Beginning in 2015, the CEO receives annual performance-based options to purchase shares of Series C Liberty Formula One common stock with a term of 7 years (the “Performance Options”) and performance-based restricted stock units with respect to Series C Liberty Formula One common stock (the “Performance RSUs” and together with the Performance Options, the “Performance Awards”) during the employment term. Grants of Performance Awards will be allocated between Liberty and Liberty Interactive. The aggregate target amount to be allocated between Liberty and Liberty Interactive will be $16 million with respect to calendar year 2015, $17 million with respect to calendar year 2016, $18 million with respect to calendar year 2017, $19 million with respect to calendar year 2018 and $20 million with respect to calendar year 2019. Vesting of the Performance Awards will be determined based on satisfaction of performance metrics that will be set by Liberty and Liberty Interactive’s respective compensation committees in the first quarter of each applicable year, except that the CEO will forfeit his unvested Performance Awards if his employment is terminated for any reason before the end of the applicable year, except that the CEO will forfeit his unvested Performance Awards if his employment is terminated for any reason before the end of the applicable year. In addition, Liberty and Liberty Interactive’s compensation committees may grant additional Performance Awards, with a value of up to 50% of the target amount allocated to Liberty for the relevant year (the “Above Target Awards”), and the compensation committees may determine to establish additional performance metrics with respect to such Above Target Awards. Salary compensation related to services provided by the CEO is charged from Liberty to Liberty TripAdvisor and Liberty Broadband pursuant to the Services Agreements with each respective company. Any cash bonus attributable to the performance of Liberty or Liberty Interactive is paid directly by each respective company. Chairman ' s Employment Agreement On December 12, 2008, the Committee determined to modify its employment arrangements with its Chairman of the Board, to permit the Chairman to begin receiving payments in 2009 in satisfaction of Liberty's obligations to him under two deferred compensation plans and a salary continuation plan. Under one of the deferred compensation plans (the "8% Plan"), compensation has been deferred by the Chairman since January 1, 1993 and accrues interest at the rate of 8% per annum compounded annually from the applicable date of deferral. The amount owed to the Chairman under the 8% Plan aggregated approximately $2.4 million at December 31, 2008. Under the second plan (the "13% Plan"), compensation was deferred by the Chairman from 1982 until December 31, 1992 and accrues interest at the rate of 13% per annum compounded annually from the applicable date of deferral. The amount owed to the Chairman under the 13% Plan aggregated approximately $20 million at December 31, 2008. Both deferred compensation plans had provided for payment of the amounts owed to him in 240 monthly installments beginning upon termination of his employment. Under his salary continuation plan, the Chairman would have been entitled to receive $15,000 (increased at the rate of 12% per annum compounded annually from January 1, 1998 to the date of the first payment, (the "Base Amount") per month for 240 months beginning upon termination of his employment. The amount owed to the Chairman under the salary continuation plan aggregated approximately $39 million at December 31, 2008. There is no further accrual of interest under the salary continuation plan once payments have begun. The Committee determined to modify all three plans and began making payments to the Chairman in 2009, while he remains employed by the Company. By commencing payments under the salary continuation plan, interest ceased to accrue on the Base Amount. As a result of these modifications, the Chairman will receive 240 equal monthly installments as follows: (1) approximately $20,000 under the 8% Plan; (2) approximately $237,000 under the 13% Plan; and (3) approximately $164,000 under the salary continuation plan. The Committee also approved certain immaterial amendments to the Chairman's employment agreement intended to comply with Section 409A of the Internal Revenue Code.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2016
Stock-Based Compensation
Stock-Based Compensation	(14) Stock-Based Compensation Liberty - Incentive Plans Pursuant to the Liberty Media Corporation 2013 Incentive Plan (amended and restated as of March 31, 2015) (the "2013 Plan"), the Company may grant Awards to purchase shares of Series A, Series B and Series C Liberty Media Corporation common stock. The 2013 Plan provides for Awards to be made in respect of a maximum of 98.7 million shares of Liberty Media Corporation common stock. Awards generally vest over 4-5 years and have a term of 7-10 years. Liberty issues new shares upon exercise of equity awards. The Company measures the cost of employee services received in exchange for an Award of equity instruments (such as stock options and restricted stock) based on the grant-date fair value (“GDFV”) 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). Pursuant to the Liberty Media Corporation 2013 Nonemployee Director Incentive Plan (Amended and Restated as of December 17, 2015) (the "2013 NDIP"), the Liberty board of directors has the full power and authority to grant eligible nonemployee directors stock options, stock appreciation rights (“SARs”), stock options with tandem SARs, and restricted stock. 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 Award received new corresponding equity awards relating to shares of one or more series of Liberty SiriusXM common stock, Liberty Braves common stock and Liberty Formula One common stock (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 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 Formula One common stock, such that all of the pre-Recapitalization value of the Liberty Awards was allocated among the Adjusted Liberty Awards. On July 23, 2014 a dividend of Series C Liberty Media Corporation common stock was distributed and adjustments to the Awards outstanding were required to reflect the changes to the capital structure of the Company. For every Series A Award held, two Series C Awards were issued with an exercise price equal to one third the exercise price of the outstanding Award. Additionally, the exercise price of the outstanding Series A Awards was adjusted to one third the exercise price associated with such Award. The change to outstanding Awards did not change the aggregate intrinsic value associated with the Awards outstanding just prior to the distribution and immediately following the distribution. In connection with the Broadband Spin-Off during 2014, the holder of an outstanding Award to purchase shares of Series A, Series B, and Series C Liberty Media Corporation common stock (an “LMC Award”) received an Award to purchase shares of the corresponding series of Liberty Broadband common stock and an adjustment to the exercise price and number of shares subject to the original LMC Award. Following the Broadband Spin-Off, employees of Liberty hold Awards in both Liberty common stock and Liberty Broadband common stock. The compensation expense relating to employees of Liberty is recorded at Liberty and included in the Company’s consolidated financial statements. Liberty - Grants of stock options Awards granted in 2016, 2015 and 2014 pursuant to the 2013 Plan and the 2013 NDIP discussed above are summarized as follows: Years ended December 31, 2016 2015 2014 Weighted Weighted Weighted Options average Options average Options average granted grant-date granted grant-date granted grant-date (000's) fair value (000's) fair value (000's) fair value Series A Liberty Media Corporation common stock — $ — — $ — $ Series C Liberty Media Corporation common stock $ $ $ Series C Liberty Formula One common stock $ NA NA NA NA Series C Liberty SiriusXM common stock $ NA NA NA NA Series C Liberty Braves common stock $ NA NA NA NA During the year ended December 31, 2016, 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 weighted average GDFV of $8.91 per share and $37.76 per share, respectively, at the time they were granted. The majority of these options vested 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 year ended December 31, 2016, Liberty granted 10 thousand, 101 thousand, 415 thousand and 41 thousand options to purchase shares of Series C Liberty Media Corporation common stock, Liberty Formula One common stock, Liberty SiriusXM common stock and Liberty Braves common stock, respectively. Such options had a weighted average GDFV of $8.33, $4.89, $7.50 and $3.79 per share, respectively, and mainly vest 50% each on December 31, 2019 and 2020. During the year ended December 31, 2015, the Company granted a total of approximately 2.5 million options to purchase shares of Series C Liberty Media Corporation common stock. A portion of the options granted was comprised of 676 thousand options with a weighted average GDFV of $10.86 per share that vest annually over 3 years and 1.3 million options with a weighted average GDFV of $15.52 per share that vest 50% each on December 31, 2019 and 2020. In connection with our CEO’s employment agreement, Liberty also granted 420 thousand performance-based options of Series C Liberty Media Corporation common stock and 34 thousand performance-based restricted stock units of Series C Liberty Media Corporation common stock during 2015. Such options and restricted stock units had a weighted average GDFV of $12.15 per share and $38.20 per share, respectively. The performance-based options and performance-based restricted stock units cliff vested in March 2016, upon satisfaction of certain performance objectives. During the year ended December 31, 2014, Liberty granted 3.3 million options to purchase shares of Series C Liberty Media Corporation common stock to the CEO of Liberty in connection with his employment agreement (see note 13); of those options, one half vest on December 24, 2018 and the other half vest on December 24, 2019. The remainder of the options granted typically vest quarterly over a 4 year vesting period. The Company has calculated the GDFV for all of its equity classified awards using the Black-Scholes Model. The Company estimates the expected term of the Awards based on historical exercise and forfeiture data. For grants made in 2016, 2015 and 2014, the range of expected terms was 4.6 to 6.7 years. The volatility used in the calculation for Awards is based on the historical volatility of Liberty's stocks and the implied volatility of publicly traded Liberty options. The Company uses a zero dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject options. The following table presents the volatilities used by the Company in the Black-Scholes Model for the 2016, 2015 and 2014 grants. Volatility 2016 grants Liberty options % - % 2015 grants Liberty options % - % 2014 grants Liberty options % - % Liberty - Outstanding Awards The following table presents 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, as well as the weighted average remaining life and aggregate intrinsic value of the Awards. Liberty Media Corporation Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Recapitalization adjustment $ Outstanding at December 31, 2016 — NA NA NA Exercisable at December 31, 2016 — NA NA NA Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 $ Granted $ Exercised $ Forfeited/Cancelled $ Recapitalization adjustment $ Outstanding at December 31, 2016 — NA NA NA Exercisable at December 31, 2016 — NA NA NA Liberty SiriusXM Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled $ Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ Liberty Braves Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ Liberty Formula One Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $ There were no outstanding Series B options to purchase shares of Series B Liberty SiriusXM common stock, Liberty Braves common stock or Liberty Formula One common stock during 2016. As of December 31, 2016, the total unrecognized compensation cost related to unvested Liberty Awards was approximately $42 million. Such amount will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 2.1 years. As of December 31, 2016, 3.1 million, 13.0 million and 1.3 million shares of Series A and Series C Liberty Formula One, Liberty SiriusXM and Liberty Braves common stock, respectively, were reserved for issuance under exercise privileges of outstanding stock Awards. Liberty - Exercises The aggregate intrinsic value of all options exercised during the years ended December 31, 2016, 2015 and 2014 was $24 million, $40 million and $17 million, respectively. Liberty - Restricted Stock The Company had approximately 87 thousand, 282 thousand and 29 thousand unvested restricted shares of Liberty Formula One, Liberty SiriusXM and Liberty Braves common stock, respectively, held by certain directors, officers and employees of the Company as of December 31, 2016. These Series A and Series C unvested restricted shares of Liberty Formula One common stock, Liberty SiriusXM common stock and Liberty Braves common stock had a weighted average GDFV of $19.04, $21.83 and $16.17 per share, respectively. The aggregate fair value of all restricted shares of Liberty common stock that vested during the years ended December 31, 2016, 2015 and 2014 was $7 million, $2 million and $1 million, respectively. SIRIUS XM - Stock-based Compensation During the year ended December 31, 2016, SIRIUS XM granted stock options and restricted stock units (“RSUs”) to its employees and members of its board of directors. During the year ended December 31, 2016, SIRIUS XM also granted performance-based restricted stock units (“PRSUs”) to certain employees, the vesting of which is subject to the employee's continuing employment and SIRIUS XM’s achievement of certain performance goals. The PRSUs awards cliff vest on the three-year anniversary of the grant date. SIRIUS XM also calculates the grant-date fair value for all of its equity classified awards and any subsequent remeasurement of its liability classified awards using the Black-Scholes Model. The weighted average volatility applied to the fair value determination of SIRIUS XM’s option grants during 2016, 2015 and 2014 was 22%, 29% and 33%, respectively. During the year ended December 31, 2016, SIRIUS XM granted approximately 55.2 million stock options with a weighted-average exercise price of $4.14 per share and a grant date fair value of $0.81 per share. As of December 31, 2016, SIRIUS XM has approximately 332.6 million options outstanding of which approximately 126.6 million are exercisable, each with a weighted-average exercise price per share of $3.5 and $2.82, respectively. The aggregate intrinsic value of these outstanding and exercisable options was $316 million and $210 million, respectively. During the year ended December 31, 2016, SIRIUS XM granted approximately 18.5 million RSUs and PRSUs with a grant date fair value of $4.21 per share. The stock-based compensation related to SIRIUS XM stock options and restricted stock awards was $109 million, $157 million and $148 million for the years ended December 31, 2016, 2015, and 2014, respectively. As of December 31, 2016, the total unrecognized compensation cost related to unvested SIRIUS XM stock options was $266 million. The SIRIUS XM unrecognized compensation cost will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 2.5 years. Other Certain of the Company's other subsidiaries have stock based compensation plans under which employees and non-employees are granted options or similar stock based awards. Awards made under these plans vest and become exercisable over various terms. The awards and compensation recorded, if any, under these plans is not significant to the Company.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Employee Benefit Plans
Employee Benefit Plans	(15) Employee Benefit Plans Liberty is the sponsor of the Liberty Media 401(k) Savings Plan (the "Liberty 401(k) Plan"), which provides its employees and the employees of certain of its subsidiaries an opportunity for ownership in the Company and creates a retirement fund. The Liberty 401(k) Plan provides for employees to make contributions to a trust for investment in Liberty common stock, as well as several mutual funds. The Company and its subsidiaries make matching contributions to the Liberty 401(k) Plan based on a percentage of the amount contributed by employees. In addition, certain of the Company's subsidiaries have similar employee benefit plans. Employer cash contributions to all plans aggregated $13 million, $15 million and $11 million for each of the years ended December 31, 2016, 2015 and 2014, respectively.

Other Comprehensive Earnings (l

Other Comprehensive Earnings (loss)	12 Months Ended
	Dec. 31, 2016
Other Comprehensive Earnings (Loss)
Other Comprehensive Earnings (Loss)	(16) Other Comprehensive Earnings (Loss) Accumulated other comprehensive earnings (loss) included in Liberty's consolidated balance sheets and consolidated statements of equity reflect the aggregate of foreign currency translation adjustments, unrealized holding gains and losses on AFS securities and Liberty's share of accumulated other comprehensive earnings of affiliates. The change in the components of accumulated other comprehensive earnings (loss), net of taxes ("AOCI"), is summarized as follows: Unrealized Foreign holding currency gains (losses) translation on securities adjustment Other AOCI amounts in millions Balance at January 1, 2014 $ — Other comprehensive earnings (loss) attributable to Liberty stockholders — Distribution to stockholders for Broadband Spin-Off — Balance at December 31, 2014 — Other comprehensive earnings (loss) attributable to Liberty stockholders — Balance at December 31, 2015 Other comprehensive earnings (loss) attributable to Liberty stockholders Balance at December 31, 2016 $ The components of other comprehensive earnings (loss) are reflected in Liberty's consolidated statements of comprehensive earnings (loss) net of taxes. The following table summarizes the tax effects related to each component of other comprehensive earnings (loss). Tax Before-tax (expense) Net-of-tax amount benefit amount amounts in millions Year ended December 31, 2016: Unrealized holding gains (losses) on securities arising during period $ - - - Foreign currency translation adjustments Other comprehensive earnings $ Year ended December 31, 2015: Foreign currency translation adjustments $ Other comprehensive earnings $ Year ended December 31, 2014: Unrealized holding gains (losses) on securities arising during period $ Foreign currency translation adjustments Other comprehensive earnings $

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies
Commitments And Contingencies	(17) 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 consolidated financial statements with respect to these indemnification guarantees. Employment Contracts The Atlanta Braves and certain of their players and coaches have entered into long-term employment contracts whereby such individuals' compensation is guaranteed. Amounts due under guaranteed contracts as of December 31, 2016 aggregated $278 million, which is payable as follows: $100 million in 2017, $78 million in 2018, $40 million in 2019, $29 million in 2020, $31 million in 2021 and none 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 leases business offices, has entered into satellite transponder lease agreements and uses certain equipment under lease arrangements. These leases provide for minimum lease payments, additional operating expense charges, leasehold improvements and rent escalations, and certain leases have options to renew. The effect of the rent holidays and rent concessions are recognized on a straight-line basis over the lease term, including reasonably assured renewal periods. Rental expense under such arrangements amounted to $52 million, $53 million and $52 million for the years ended December 31, 2016, 2015 and 2014, respectively. A summary of future minimum lease payments under cancelable and noncancelable operating leases as of December 31, 2016 follows (amounts in millions): Years ending December 31: 2017 $ 2018 $ 2019 $ 2020 $ 2021 $ Thereafter $ It is expected that in the normal course of business, leases that expire generally will be renewed or replaced by leases on other properties; thus, it is anticipated that future lease commitments will not be less than the amount shown for 2016. Programming and content SIRIUS XM has entered into various programming agreements under which SIRIUS XM's obligations include fixed payments, advertising commitments and revenue sharing arrangements. Amounts due under such agreements are payable as follows: $312 million in 2017, $285 million in 2018, $262 million in 2019, $223 million in 2020 and $154 million in 2021. Future revenue sharing costs are dependent upon many factors and are difficult to estimate; therefore, they are not included in the amounts above. Litigation The Company has contingent liabilities related to legal and tax proceedings and other matters arising in the ordinary course of business. We record a liability when we believe that it is both probable that a liability will be incurred and the amount of loss can be reasonably estimated. We evaluate developments in legal matters that could affect the amount of the liability accrual and make adjustments as appropriate. Significant judgment is required to determine both probability and the estimated amount of a loss or potential loss. We may be unable to reasonably estimate the reasonably possible loss or range of loss for a particular legal contingency for various reasons, including, among others, because: (i) the damages sought are indeterminate; (ii) the proceedings are in the relative early stages; (iii) there is uncertainty as to the outcome of pending proceedings (including motions and appeals); (iv) there is uncertainty as to the likelihood of settlement and the outcome of any negotiations with respect thereto; (v) there remain significant factual issues to be determined or resolved; (vi) the relevant law is unsettled; or (vii) the proceedings involve novel or untested legal theories. In such instances, there may be considerable uncertainty regarding the ultimate resolution of such matters, including a possible eventual loss, if any. 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 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 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 was a defendant in several purported class action suits that alleged that SIRIUS XM, or call center vendors acting on its behalf, made numerous calls which violated provisions of the Telephone Consumer Protection Act of 1991 (the “TCPA”). The plaintiffs in these actions alleged, 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 alleged that SIRIUS XM violated the TCPA’s call time restrictions, and in one of the other actions, the plaintiff also alleged that SIRIUS XM violated the TCPA’s do not call restrictions. These purported class action cases were 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). SIRIUS XM has entered into an agreement to settle these purported class action suits. The settlement was approved by the United States District Court for the Eastern District of Virginia in December 2016. The settlement is expected to resolve the claims of consumers beginning in February 2008 relating to telemarketing calls to their mobile telephones. Approximately 200 consumers, or less than 0.002% of the consumers who received notice of the settlement, opted-out of this class action settlement. As part of this settlement, SIRIUS XM made a $35 million payment to a settlement fund during 2016 (from which notice, administration and other costs and attorneys’ fees will be paid) and is offering participating class members the option of receiving three months of SIRIUS XM’s Select service for no charge. In August 2013, SoundExchange, Inc. (“SoundExchange”) 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 revenue, on which the royalty payments are based, by deducting 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 in response to SIRIUS XM’s motion to dismiss the complaint, stayed the case on the grounds that the case properly should be pursued in the first instance before the Copyright Royalty Board rather than the district court. In its opinion, the District Court concluded that the gross revenue exclusions in the regulations established by the Copyright Royalty Board for the 2007-2012 period were ambiguous and did not, on their face, make clear whether our royalty calculation approaches were permissible under the regulations. In December 2014, SoundExchange filed a petition with the Copyright Royalty Board requesting an order interpreting the applicable regulations. On January 10, 2017, the Copyright Royalty Board issued a ruling concluding that SIRIUS XM correctly interpreted the revenue exclusions applicable to pre-1972 recordings, but in certain cases did not apply those exclusions properly. The ruling further indicated that SIRIUS XM improperly claimed a revenue exclusion based on its Premier package upcharge, because, in the judges’ view, the portion of the package that contained programming that did not include sound recordings was not offered for a “separate charge” in accordance with the regulations. The ruling is subject to legal review by the Register of Copyrights, and will be transmitted back to the district court for further proceedings, such as adjudication claims relating to damages and defenses. SIRIUS XM intends to exhaust all available options for review and/or appeal of adverse aspects of the Copyright Royalty Board’s ruling, including portions of the ruling which SIRIUS XM believes are unclear or inconsistent with the governing law. In addition, SIRIUS XM believes it has substantial defenses to those SoundExchange claims that can be asserted before the district court, and will continue to defend this action vigorously. 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. This matter is not related to certain claims under state law brought by owners of pre-1972 recording copyrights arising out of our use and performance of those recordings. At December 31, 2016, SIRIUS XM concluded that a loss, in excess of our recorded liabilities, is reasonably possible in connection with the SoundExchange royalty claims. The estimable portion of such possible loss ranges from $0 to $70 million plus any related interest or late fees. Based on SIRIUS XM’s defenses, such a loss is not considered probable at this time and no liability for such additional loss has been recorded at December 31, 2016. The matters underlying this estimated range and the estimable portion of reasonably possible losses may change from time to time and the actual possible loss may vary from this estimate. In June 2015, SIRIUS XM settled (the “Capitol Settlement”) a separate suit brought by Capitol Records LLC (“Capitol Records”), Sony Music Entertainment, UMG Recordings, Inc., Warner Music Group Corp. and ABKCO Music & Records, Inc. relating to SIRIUS XM’s use and public performance 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 during June 2015 for the portion of the $210 million Capitol Settlement related to SIRIUS XM’s use of pre-1972 sound recordings for the periods prior to the Capitol Settlement during June 2015. The $108 million expense is included in the Revenue share and royalties line item in the accompanying consolidated financial statements for the year ended December 31, 2015 but has been excluded from Adjusted OIBDA for the corresponding period 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. SIRIUS XM recognized approximately $40 million and $19 million to Revenue share and royalties within the consolidated statement of operations with respect to the Capitol Settlement subsequent to the settlement date related to SIRIUS XM’s use of pre-1972 sound recordings during the years ended December 31, 2016 and 2015, respectively, and is included as a component of Adjusted OIBDA. The remaining $43 million of the settlement is recorded in Other current assets within the consolidated balance sheets as of December 31, 2016, which will be amortized to Revenue share and royalties within the consolidated statement of operations over the future service period through December 2017. Additionally, during the fourth quarter of 2016, SIRIUS XM recorded $46 million related to music royalty legal settlements and reserves. The $46 million expense is included in the Revenue share and royalties line item in the accompanying consolidated financial statements for the year ended December 31, 2016 but has been excluded from Adjusted OIBDA for the corresponding period 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.

Information About Liberty's Ope

Information About Liberty's Operating Segments	12 Months Ended
	Dec. 31, 2016
Information About Liberty's Operating Segments
Information About Liberty's Operating Segments	(18) Information About Liberty's Operating Segments The Company, through its ownership interests in subsidiaries and other companies, is primarily engaged in the media 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 segment presentation for prior periods has been conformed to the current period segment presentation, as discussed below. 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 and penetration. The Company defines Adjusted OIBDA as revenue less operating expenses, and selling, general and administrative expenses (excluding 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. 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 the Internet, including through applications for mobile devices. The Company's reportable segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The accounting policies of the segments that are also consolidated subsidiaries are the same as those described in the Company's summary of significant policies. Performance Measures Years ended December 31, 2016 2015 2014 Adjusted Adjusted Adjusted Revenue OIBDA Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — — — Total Liberty SiriusXM Group Braves Group Corporate and other Total Braves Group Formula One Group Corporate and other — — Total Formula One Group — — Total $ Other Information December 31, 2016 December 31, 2015 Total Investments Capital Total Investments Capital assets in affiliates expenditures assets in affiliates expenditures amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — — — Total Liberty SiriusXM Group Braves Group Corporate and other Total Braves Group Formula One Group Corporate and other Total Formula One Group Elimination (1) — — — — Consolidated Liberty $ (1) This is primarily the intergroup interest in the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interest attributable to the Formula One Group is presented as an asset and the intergroup interest attributable to the 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 following table provides a reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income taxes: Years ended December 31, 2016 2015 2014 amounts in millions Consolidated segment Adjusted OIBDA $ Legal settlement (note 17) — Stock-based compensation Depreciation and amortization Operating income (loss) 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 $

Quarterly Financial Information

Quarterly Financial Information	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)	(19) Quarterly Financial Information (Unaudited) As discussed in note 3, during the third quarter of 2016, the Company adopted new accounting guidance that requires the recognition of excess tax benefits and tax deficiencies as income tax benefit or expense rather than as additional paid-in capital. The Company has applied the new guidance prospectively from January 1, 2016. The unaudited quarterly information for the first and second quarters of 2016 has been retrospectively adjusted to reflect the impact of the adoption of this guidance. 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter amounts in millions, except per share amounts 2016: Revenue $ Operating income (loss) $ Net earnings (loss) $ Net earnings (loss) attributable to Liberty stockholders: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA Basic net earnings (loss) attributable to Liberty stockholders per common share: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA Diluted net earnings (loss) attributable to Liberty stockholders per common share: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter amounts in millions, except per share amounts 2015: Revenue $ Operating income $ Net earnings (loss) $ Net earnings (loss) attributable to Liberty stockholders $ Basic net earnings (loss) attributable to Liberty stockholders per common share $ Diluted net earnings (loss) attributable to Liberty stockholders per common share $

Financial Information for Track

Financial Information for Tracking Stock Groups	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Financial Information for Tracking Stock Groups	BALANCE SHEET INFORMATION December 31, 2016 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 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 $ BALANCE SHEET INFORMATION December 31, 2015 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 — 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 — Other liabilities — Total liabilities Equity / Attributed net assets — Noncontrolling interests in equity of subsidiaries — — — Total liabilities and equity $ STATEMENT OF OPERATIONS INFORMATION December 31, 2016 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 Unrealized gain/(loss) on inter-group interest — — 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 December 31, 2015 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 December 31, 2014 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 CASH FLOWS INFORMATION December 31, 2016 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 Share of (earnings) loss of affiliates, net Unrealized (gains) losses on intergroup interest, net — — Realized and unrealized (gains) losses on financial instruments, net — Noncash interest expense — Losses (gains) on dilution of investment in affiliate — — — — Loss on early extinguishment of debt — — 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 — — Investments in and loans to cost and equity investees — Repayment of loans and other cash receipts from cost and equity investees — — 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 — — Braves Rights Offering — — 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 December 31, 2015 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Noncash interest expense — — Losses (gains) on dilution of investments in affiliate — — Deferred income tax expense (benefit) Intergroup tax allocation — Intergroup tax (payments) receipts — — Other charges (credits), net — Changes in operating assets and liabilities Current and other assets Payables and other liabilities — Net cash provided (used) by operating activities Cash flows from investing activities: Cash proceeds from dispositions of investments — Proceeds (payments) from settlement of financial instruments, net — — Investments in and loans to cost and equity 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 — Repurchases of Liberty common stock — — Shares repurchased by subsidiary — — 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 December 31, 2014 (unaudited) Attributed (note 1) Liberty SiriusXM Braves Formula One 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 Share of (earnings) loss of affiliates, net Realized and unrealized (gains) losses on financial instruments, net — — Noncash interest expense — Losses (gains) on dilution of investment in affiliate — Deferred income tax expense (benefit) Intergroup tax allocation — Intergroup tax (payments) receipts — — Other charges (credits), net Changes in operating assets and liabilities Current and other assets Payables and other liabilities Net cash provided (used) by operating activities Cash flows from investing activities: Cash (paid) for acquisitions, net of cash acquired — Cash proceeds from dispositions of investments — — Proceeds (payments) from settlement of financial instruments, net — — Investments in and loans to cost and equity investees — — Repayment of loans and other cash receipts from cost and equity investees — 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 — — Cash provided by the Broadband Spin-Off — — Shares repurchased by subsidiary — — Taxes paid in lieu of shares issued for stock-based compensation — 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 $

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of investments which are readily convertible into cash and have maturities of three months or less at the time of acquisition.
Receivables	Receivables Receivables are reflected net of an allowance for doubtful accounts and sales returns. Such allowance aggregated $9 million and $6 million at December 31, 2016 and 2015, respectively. Activity in the year ended December 31, 2016 included an increase of $56 million of bad debt charged to expense and $53 million of write-offs. Activity in the year ended December 31, 2015 included an increase of $47 million of bad debt charged to expense and $49 million of write-offs. Activity in the year ended December 31, 2014 included an increase of $45 million of bad debt charged to expense and $41 million of write-offs.
Investments	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. U.S. generally accepted accounting principles ("GAAP") permit 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"). Under other relevant GAAP, entities were required to recognize changes in fair value of AFS securities in the balance sheet in accumulated other comprehensive earnings. Liberty has entered into economic hedges for certain of its non-strategic AFS securities (although such instruments are not accounted for as fair value hedges by the Company). Changes in the fair value of these economic hedges are reflected in Liberty'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, Liberty has 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 gain (losses) on financial instruments in the accompanying consolidated statements of operations. The total value of AFS securities for which the Company has elected the fair value option aggregated $489 million and $450 million as of December 31, 2016 and 2015, respectively. Other investments in which the Company's ownership interest is less than 20% and are not considered marketable securities are carried at cost. For those investments in affiliates in which the Company has the ability to exercise significant influence, the equity method of accounting is used. Under this method, the investment, originally recorded at cost, is adjusted to recognize the Company's share of net earnings or losses of the affiliate as they occur rather than as dividends or other distributions are received. Losses are limited to the extent of the Company's investment in, advances to and commitments for the investee. In the event the Company is unable to obtain accurate financial information from an equity affiliate in a timely manner, the Company records its share of earnings or losses of such affiliate on a lag. Changes in the Company's proportionate share of the underlying equity of an equity method investee, which result from the issuance of additional equity securities by such equity investee, are recognized in the statement of operations through the other, net line item. To the extent there is a difference between our ownership percentage in the underlying equity of an equity method investee and our carrying value, such difference is accounted for as if the equity method investee were a consolidated subsidiary. The Company continually reviews its equity investments and its AFS securities which are not Fair Value Option Securities to determine whether a decline in fair value below the cost basis is other than temporary. The primary factors the Company considers in its determination are the length of time that the fair value of the investment is below the Company's carrying value; the severity of the decline; and the financial condition, operating performance and near term prospects of the investee. In addition, the Company considers the reason for the decline in fair value, be it general market conditions, industry specific or investee specific; analysts' ratings and estimates of 12 month share price targets for the investee; changes in stock price or valuation subsequent to the balance sheet date; and the Company's intent and ability to hold the investment for a period of time sufficient to allow for a recovery in fair value. If the decline in fair value is deemed to be other than temporary, the cost basis of the security is written down to fair value. In situations where the fair value of an investment is not evident due to a lack of a public market price or other factors, the Company uses its best estimates and assumptions to arrive at the estimated fair value of such investment. The Company's assessment of the foregoing factors involves a high degree of judgment and accordingly, actual results may differ materially from the Company's estimates and judgments. Writedowns for AFS securities which are not Fair Value Option Securities (as defined below) are included in the consolidated statements of operations as other than temporary declines in fair values of investments. Writedowns for equity method investments are included in share of earnings (losses) of affiliates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments In January 2016, the Financial Accounting Standards Board (“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.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities All of the Company's derivatives, whether designated in hedging relationships or not, are recorded on the balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in other comprehensive earnings and are recognized in the statement of operations when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in earnings. If the derivative is not designated as a hedge, changes in the fair value of the derivative are recognized in earnings. None of the Company's derivatives are currently designated as hedges. The fair value of certain of the Company's derivative instruments are estimated using the Black-Scholes model. The Black-Scholes model incorporates a number of variables in determining such fair values, including expected volatility of the underlying security and an appropriate discount rate. The Company obtained volatility rates from pricing services based on the expected volatility of the underlying security over the remaining term of the derivative instrument. A discount rate was obtained at the inception of the derivative instrument and updated each reporting period, based on the Company's estimate of the discount rate at which it could currently settle the derivative instrument. The Company considered its own credit risk as well as the credit risk of its counterparties in estimating the discount rate. Considerable management judgment was required in estimating the Black-Scholes variables.
Property and Equipment	Property and Equipment Property and equipment consisted of the following: Estimated Useful Life December 31, 2016 December 31, 2015 amounts in millions Land NA $ Buildings and improvements 10 - 40 years Support equipment 3 - 20 years Satellite system 15 years Construction in progress NA Total property and equipment $ Property and equipment, including significant improvements, is stated at cost. Depreciation is computed using the straight-line method using estimated useful lives. Depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $186 million, $207 million and $209 million, respectively. A portion of the interest on funds borrowed to finance the construction of the Braves ballpark and mixed-use development as well as the launch of SIRIUS XM’s satellites and launch vehicles is capitalized. Capitalized interest is recorded as part of the asset’s cost and depreciated over the asset’s useful life. Capitalized interest costs for the years ended December 31, 2016 and 2015 was approximately $8 million and $2 million, respectively, which primarily related to the construction of the Braves ballpark and mixed-use development. Capitalized interest costs were less than a million dollars for the year ended December 31, 2014.
Intangible Assets	Intangible Assets Intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment upon certain triggering events. Goodwill and other intangible assets with indefinite useful lives (collectively, "indefinite lived intangible assets") are not amortized, but instead are tested for impairment at least annually. Our annual impairment assessment of our indefinite-lived intangible assets is performed during the fourth quarter of each year. The Company utilizes a qualitative assessment for determining whether step one of the goodwill impairment analysis is necessary. The accounting guidance permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. In evaluating goodwill on a qualitative basis the Company reviews the business performance of each reporting unit and evaluates other relevant factors as identified in the relevant accounting guidance to determine whether it is more likely than not that an indicated impairment exists for any of our reporting units. The Company considers whether there are any negative macroeconomic conditions, industry specific conditions, market changes, increased competition, increased costs in doing business, management challenges, the legal environments and how these factors might impact company specific performance in future periods. As part of the analysis, the Company also considers fair value determinations for certain reporting units that have been made at various points throughout the current and prior years for other purposes. If a step one test is considered necessary based on the qualitative factors, the Company compares the estimated fair value of a reporting unit to its carrying value. Developing estimates of fair value requires significant judgments, including making assumptions about appropriate discount rates, perpetual growth rates, relevant comparable market multiples, public trading prices and the amount and timing of expected future cash flows. The cash flows employed in Liberty's valuation analysis are based on management's best estimates considering current marketplace factors and risks as well as assumptions of growth rates in future years. There is no assurance that actual results in the future will approximate these forecasts. For those reporting units whose carrying value exceeds the fair value, a second test is required to measure the impairment loss (the "Step 2 Test"). In the Step 2 Test, the fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit with any residual value being allocated to goodwill. The difference between such allocated amount and the carrying value of the goodwill is recorded as an impairment charge. The accounting guidance also permits entities to first perform a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If the qualitative assessment supports that it is more likely than not that the carrying value of the Company’s indefinite-lived intangible assets, other than goodwill, exceeds its fair value, then a quantitative assessment is performed. If the carrying value of an indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company periodically reviews the carrying amounts of its property and equipment and its intangible assets (other than goodwill and indefinite-lived intangibles) to determine whether current events or circumstances indicate that such carrying amounts may not be recoverable. If the carrying amount of the asset group is greater than the expected undiscounted cash flows to be generated by such asset group, an impairment adjustment is to be recognized. Such adjustment is measured by the amount that the carrying value of such asset groups exceeds their fair value. The Company generally measures fair value by considering sale prices for similar assets or by discounting estimated future cash flows using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of asset groups. Accordingly, actual results could vary significantly from such estimates. Asset groups to be disposed of are carried at the lower of their financial statement carrying amount or fair value less costs to sell.
Noncontrolling Interests	Noncontrolling Interests The Company reports noncontrolling interests of subsidiaries within equity in the balance sheet and the amount of consolidated net income attributable to the parent and to the noncontrolling interest is presented in the statement of operations. Also, changes in ownership interests in subsidiaries in which the Company maintains a controlling interest are recorded in equity.
Revenue Recognition	Revenue Recognition Revenue is recognized as follows: · Revenue from SIRIUS XM subscribers is recognized as it is realized or realizable and earned. Subscription fees are recognized as SIRIUS XM’s services are provided. Consumers purchasing or leasing a vehicle with a factory-installed satellite radio typically receive between a three and twelve month subscription to SIRIUS XM’s service, certain of which are prepaid. Prepaid subscription fees received from certain automakers are recorded as deferred revenue and amortized to revenue ratably over the service period which commences upon retail sale and activation. No revenue is recognized for unpaid trial subscriptions. · SIRIUS XM recognizes revenue from the sale of advertising as the advertising is transmitted. Agency fees are calculated based on a stated percentage applied to gross billing revenue for advertising inventory and are reported as a reduction of advertising revenue. SIRIUS XM pays certain third parties a percentage of advertising revenue. Advertising revenue is recorded gross of revenue share payments made to certain third parties, which are recorded to Revenue share and royalties during the period in which the advertising is transmitted. · Equipment revenue and royalties from the sale of satellite radios, components and accessories are recognized upon shipment, net of discounts and rebates. Shipping and handling costs billed to customers are recorded as revenue. Shipping and handling costs associated with shipping goods to customers are reported as a component of Cost of subscriber services. · Certain revenue arrangements contain multiple products, services and right to use assets, such as SIRIUS XM's bundled subscription plans. The applicable accounting guidance requires that such multiple deliverable revenue arrangements be divided into separate units of accounting if the deliverables in the arrangement meet certain criteria. Consideration is allocated at the inception of the arrangement to all deliverables based on their relative selling price, which is determined using vendor specific objective evidence of the selling price of self-pay customers. · SIRIUS XM also earns revenue from U.S. Music Royalty Fees, which are recorded as revenue and as a component of Revenue share and royalties expense. Fees received from subscribers for the U.S. Music Royalty Fee are recorded as deferred revenue and amortized to revenue ratably over the service period which coincides with the recognition of the subscriber's subscription revenue. · SIRIUS XM revenue is reported net of any taxes assessed by a governmental authority that is both imposed on, and concurrent with, a specific revenue-producing transaction between a seller and a customer in the consolidated statements of operations. · Revenue for Braves Holdings ticket sales, local radio and television rights, signage and suites are recognized on a per game basis during the baseball season based on a pro rata share of total revenue earned during the entire baseball season to the total number of home games during the season. Prior to 2016, concession revenue was recognized as commissions were earned from the sale of food and beverage at the stadium in accordance with agreements with the Company's concessions vendors. Beginning in 2016, Braves Holdings brought its retail operations in-house and engaged a new concessions operator. As a result, concession revenue is recognized on a per game basis during the baseball season. Major League Baseball (“MLB”) revenue is earned throughout the year based on an estimate of revenue generated by MLB on behalf of the 30 MLB clubs. Sources of MLB revenue include distributions from the MLB Central Fund, distributions from MLB Properties and revenue sharing income, if applicable. 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. We have identified the Company’s various revenue streams and are currently working with our subsidiaries to evaluate the quantitative effects of the new guidance. The Company has not yet selected a transition method. We will continue to provide updates as to the progress of our evaluation in our quarterly reports during 2017.
Cost of Subscriber Services	Cost of Subscriber Services Revenue Share SIRIUS XM shares a portion of its subscription revenue earned from self-pay subscribers and paid promotional subscribers with certain automakers. The terms of the revenue share agreements vary with each automaker, but are typically based upon the earned audio revenue as reported or gross billed audio revenue. Such shared revenue is recorded as an expense and not as a reduction to revenue. Programming Costs Programming costs which are for a specified number of events are amortized on an event-by-event basis; programming costs which are for a specified season or include programming through a dedicated channel are amortized over the season or period on a straight-line basis. SIRIUS XM allocates a portion of certain programming costs which are related to sponsorship and marketing activities to selling, general and administrative expense on a straight-line basis over the term of the agreement.
Subscriber Acquisition Costs	Subscriber Acquisition Costs Subscriber acquisition costs consist of costs incurred to acquire new subscribers and include hardware subsidies paid to radio manufacturers, distributors and automakers, including subsidies paid to automakers who include a satellite radio and a prepaid subscription to SIRIUS XM service in the sale or lease price of a new vehicle; subsidies paid for chip sets and certain other components used in manufacturing radios; device royalties for certain radios and chipsets; commissions paid to retailers and automakers as incentives to purchase, install and activate radios; product warranty obligations; freight; and provisions for inventory allowance attributable to inventory consumed in SIRIUS XM’s automaker and retail distribution channels. Subscriber acquisition costs do not include advertising costs, loyalty payments to distributors and dealers of radios and revenue share payments to automakers and retailers of radios. Subsidies paid to radio manufacturers and automakers are expensed upon installation, shipment, receipt of product or activation and are included in Subscriber acquisition costs because SIRIUS XM is responsible for providing the service to the customers. Commissions paid to retailers and automakers are expensed upon either the sale or activation of radios. Chipsets that are shipped to radio manufacturers and held on consignment are recorded as inventory and expensed as subscriber acquisition costs when placed into production by radio manufacturers. Costs for chipsets not held on consignment are expensed as subscriber acquisition costs when the automaker confirms receipt.
Advertising Costs	Advertising Costs Advertising expense aggregated $230 million, $210 million and $207 million for the years ended December 31, 2016, 2015 and 2014, respectively. Advertising costs are primarily attributable to costs incurred by SIRIUS XM. Media-related advertising costs are expensed when advertisements air, and advertising production costs are expensed as incurred. These costs are reflected in the selling, general and administrative expenses line in our consolidated statements of operations.
Stock-Based Compensation	Stock-Based Compensation As more fully described in note 14, Liberty has granted to its directors, employees and employees of its subsidiaries options and restricted stock to purchase shares of Liberty common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an Award 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). Included in the accompanying consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to SIRIUS XM as discussed in note 14: Years ended December 31, 2016 2015 2014 amounts in millions Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $ In March 2016, the 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. We early adopted this new guidance in the third quarter of 2016. The Company has applied the new guidance prospectively from January 1, 2016. In accordance with the new guidance, excess tax benefits and tax deficiencies are recognized as income tax benefit or expense rather than as additional paid-in capital. The Company has elected to recognize forfeitures as they occur rather than continue to estimate expected forfeitures. In addition, pursuant to the new guidance, excess tax benefits are classified as an operating activity on the consolidated statements of cash flows. The recognition of excess tax benefits and deficiencies are applied prospectively. For tax benefits that were not previously recognized and for adjustments to compensation cost based on actual forfeitures, the Company has recorded a cumulative-effect adjustment in retained earnings as of January 1, 2016 in the amount of $66 million. The presentation changes for excess tax benefits have been applied retrospectively in the consolidated statements of cash flows, resulting in $75 million, $19 million and $3 million of excess tax benefits for the years ended December 31, 2016, 2015 and 2014, respectively, reclassified from cash flows from financing activities to cash flows from operating activities.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying value amounts and income tax bases of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards. The deferred tax assets and liabilities are calculated using enacted tax rates in effect for each taxing jurisdiction in which the Company operates for the year in which those temporary differences are expected to be recovered or settled. Net deferred tax assets are then reduced by a valuation allowance if the Company believes it more likely than not such net deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of an enacted change in tax rates is recognized in income in the period that includes the enactment date. When the tax law requires interest to be paid on an underpayment of income taxes, the Company recognizes interest expense from the first period the interest would begin accruing according to the relevant tax law. Such interest expense is included in interest expense in the accompanying consolidated statements of operations. Any accrual of penalties related to underpayment of income taxes on uncertain tax positions is included in other income (expense) in the accompanying consolidated statements of operations.
Earnings attributable to Liberty Stockholders Per Common Share	Earnings Attributable to Liberty 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 that were outstanding for the period at the Company. 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. 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. As further discussed in note 2, the Liberty Media common stock was renamed Liberty Formula One common stock on January 24, 2017 shortly after the Second Closing. 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 December 31, 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 Formula One common stock, primarily due to warrants issued in connection with the Bond Hedge Transaction (note 10), because their inclusion would be antidilutive. The Amended Warrant Transactions (as defined and discussed in note 10) 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 Formula One Group. Series A, Series B and Series C Liberty Media Corporation Common Stock The basic and diluted EPS calculation is based on the following weighted average shares outstanding (“WASO”) of Liberty's common stock. As discussed in note 1, on July 23, 2014 the Company completed a stock dividend of two shares of Series C Liberty Media Corporation common stock for every share of Series A or Series B Liberty Media Corporation common stock held as of the record date. Therefore, all prior period outstanding share amounts for purposes of the calculation of EPS have been retroactively adjusted for comparability. Excluded from diluted EPS for the years ended December 31, 2016, 2015 and 2014 are 23 million, 22 million and 21 million potential common shares, respectively, primarily due to warrants issued in connection with the Bond Hedge Transaction (as defined and discussed in note 10) because their inclusion would be anti-dilutive. January 1, 2016 Year ended Year ended number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO 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. April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO 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. April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO (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) Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. (c) As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Formula One Group’s intergroup interest in the 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 Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the 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 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, in periods where the Braves Group has net earnings, 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. In periods where the Braves Group has net earnings, 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 18, 2016 amounts in millions Basic earnings (loss) attributable to Liberty Braves shareholders $ Unrealized (gain) loss on the intergroup interest Diluted earnings (loss) attributable to Liberty Braves shareholders $ (a) Unrealized gains on the intergroup interest are excluded from the computation of diluted EPS during periods in which net losses attributable to the Braves Group are reported since the gain would be antidilutive. Series A, Series B and Series C Liberty Formula One Common Stock The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO
Reclasses and adjustments	Reclasses and Adjustments Certain prior period amounts have been reclassified for comparability with the current year presentation.
Estimates	Estimates 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) recurring and nonrecurring fair value measurements, (ii) accounting for income taxes, (iii) assessments of other-than-temporary declines in fair value of its investments and (iv) determination of the useful life of SIRIUS XM’s broadcast/transmission system to be its most significant estimates. The Company holds investments that are accounted for using the equity method. The Company does not control the decision making process or business management practices of these affiliates. Accordingly, the Company 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, the Company 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 the Company's consolidated financial statements
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2014, the FASB issued new accounting guidance which requires management to assess whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. If substantial doubt exists, additional disclosures are required. The Company adopted this guidance during the year ended December 31, 2016. The adoption of this guidance did not have an impact on our consolidated financial statements and related disclosures. 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. 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. Companies are required to use a modified retrospective approach to adopt this guidance. The Company has not yet determined the effect of the standard on its ongoing financial reporting. The Company is currently working with its consolidated subsidiaries to evaluate the impact of the adoption of this new guidance on our consolidated financial statements, including identifying the population of leases, evaluating technology solutions and collecting lease data. In October 2016, the FASB issued new accounting guidance on income tax accounting associated with intra-entity transfers of assets other than inventory. This accounting update, which is part of the FASB's simplification initiative, is intended to reduce diversity in practice and the complexity of tax accounting, particularly for those transfers involving intellectual property. This new guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. Upon adoption, an entity may apply the new guidance only on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements and related disclosures. In January 2017, the FASB issued new accounting guidance to simplify the measurement of goodwill impairment. Under the new guidance, an entity will no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. The guidance is effective for fiscal years, and interim periods within those fiscal year, beginning after December 15, 2019, with early adoption permitted for goodwill impairment tests with measurement dates after January 1, 2017. The Company is currently evaluating the effect that the updated standard will have on its financial statements and related disclosures.

Basis Of Presentation (Tables)

Basis Of Presentation (Tables)	12 Months Ended
	Dec. 31, 2016
Pro Forma Information [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	December 31, 2014 amounts in millions Revenue $ Earnings (loss) before income taxes $ Net earnings (loss) attributable to Liberty stockholders $

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment	Estimated Useful Life December 31, 2016 December 31, 2015 amounts in millions Land NA $ Buildings and improvements 10 - 40 years Support equipment 3 - 20 years Satellite system 15 years Construction in progress NA Total property and equipment $
Share-based compensation expense	Years ended December 31, 2016 2015 2014 amounts in millions Cost of subscriber services: Programming and content $ Customer service and billing Other Other operating expense Selling, general and administrative $
Liberty Media Corporation
Reconciliation of Basic and Diluted Weighted Average Shares	January 1, 2016 Year ended Year ended number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO
Common Class SeriesA, SeriesB, SeriesC | Liberty Sirius XM Group
Reconciliation of Basic and Diluted Weighted Average Shares	April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO
Common Class SeriesA, SeriesB, SeriesC | Liberty Braves Group
Reconciliation of Basic and Diluted Weighted Average Shares	April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO (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) Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. (c) As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Formula One Group’s intergroup interest in the 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 Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the 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 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, in periods where the Braves Group has net earnings, 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. In periods where the Braves Group has net earnings, 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 18, 2016 amounts in millions Basic earnings (loss) attributable to Liberty Braves shareholders $ Unrealized (gain) loss on the intergroup interest Diluted earnings (loss) attributable to Liberty Braves shareholders $ (a) Unrealized gains on the intergroup interest are excluded from the computation of diluted EPS during periods in which net losses attributable to the Braves Group are reported since the gain would be antidilutive.
Common Class SeriesA, SeriesB, SeriesC | Liberty Formula One Group
Reconciliation of Basic and Diluted Weighted Average Shares	April 18, 2016 number of shares in millions Basic WASO Potentially dilutive shares Diluted WASO

Supplemental Disclosures to C31

Supplemental Disclosures to Consolidated Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2016
Supplemental Disclosures to Consolidated Statements of Cash Flows
Schedule of Cash Flow, Supplemental Disclosures	Years ended December 31, 2016 2015 2014 amounts in millions Cash paid for acquisitions: Fair value of assets acquired $ — — Intangibles not subject to amortization — — Intangibles subject to amortization — — Net liabilities assumed — — Deferred tax liabilities — — Cash paid for acquisitions, net of cash acquired $ — — Stock repurchased by subsidiary not yet settled $ Cash paid for interest, net of amounts capitalized $ Cash paid for income taxes $

Assets And Liabilities Measur32

Assets And Liabilities Measured At Fair Value (Tables)	12 Months Ended
	Dec. 31, 2016
Assets and Liabilities Measured at Fair Value
Assets and Liabilities Measured at Fair Value	December 31, 2016 December 31, 2015 Quoted prices Significant other Quoted prices Significant other in active markets observable in active markets observable for identical assets inputs for identical assets inputs Description Total (Level 1) (Level 2) Total (Level 1) (Level 2) amounts in millions Cash equivalents $ — — Available-for-sale securities $ — Financial instrument assets $ — Debt $ — —
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 (amounts in millions): Years ended December 31, 2016 2015 2014 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 time of issuance. 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 10 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 expiration occurring on the sixtieth day following the completion of the counterparty’s initial hedge, which was November 27, 2015 and settlement occurring 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. During June 2016, Braves Holdings entered into two interest rate swap arrangements with a notional value of $50 million related to certain of its variable rate loans. The interest rate swaps are marked to market each period based on changes in the LIBOR rate. The interest rate swaps are scheduled to mature in June 2019.

Investments In Available-For-33

Investments In Available-For-Sale Securities And Other Cost Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments In Available-For-Sale Securities And Other Cost Investments
Available-for-sale Securities, Including Fair Value Option Securities Separately Aggregated, and Other Cost Investments	December 31, 2016 December 31, 2015 amounts in millions Liberty SiriusXM Group Other AFS and cost investments $ — — Total attributed Liberty SiriusXM Group — — Braves Group Other AFS and cost investments Total attributed Braves Group Formula One Group Fair Value Option Securities Time Warner (a) Viacom (b) Other equity securities Other debt securities — Total Fair Value Option Securities AFS and cost investments Formula 1 — Live Nation debt securities (c) — Other AFS and cost investments Total AFS and cost investments Total attributed Formula One Group Consolidated Liberty $ (a) See note 10 for details regarding the number and fair value of shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of December 31, 2016. (b) During the year ended December 31, 2015, Liberty sold 1.8 million shares of Viacom common stock for approximately $122 million in proceeds. (c) Liberty redeemed the Live Nation debt securities at face value during October 2016.

Investments In Affiliates Acc34

Investments In Affiliates Accounted For Using The Equity Method (Tables)	12 Months Ended
	Dec. 31, 2016
Investments in Affiliates Accounted for Using the Equity Method
Schedule Of Equity Ownership And Carrying Amount	December 31, 2016 December 31, 2015 Percentage Market Carrying Carrying ownership Value amount amount dollar amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ $ Total Liberty SiriusXM Group Braves Group Other NA NA Total Braves Group Formula One Group Live Nation $ Other various NA Total Formula One Group Consolidated Liberty $
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates	Years ended December 31, 2016 2015 2014 amounts in millions Liberty SiriusXM Group SIRIUS XM Canada $ Total Liberty SiriusXM Group Braves Group Other Total Braves Group Formula One Group Live Nation Charter NA NA Other Total Formula One Group Consolidated Liberty $

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Other Intangible Assets
Schedule of intangible assets subject to amortization	December 31, 2016 December 31, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in millions Customer relationships $ Licensing agreements Other Total $
Schedule of future amortization expense	Based on its amortizable intangible assets as of December 31, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): 2017 $ 2018 $ 2019 $ 2020 $ 2021 $

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt
Schedule of Long-term Debt Instruments	Outstanding Carrying value Principal December 31, December 31, December 31, 2016 2016 2015 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 Braves Group Subsidiary notes and loans: Notes and loans Less deferred financing costs Total Braves Group Formula One Group Corporate level notes and loans: Liberty 1.375% Cash Convertible Notes due 2023 2.25% Exchangeable Senior Debentures due 2046 — Other Total Formula One Group Total debt $ Less debt classified as current Total long-term debt $
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 is as follows (amounts in millions): December 31, 2016 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 $
Schedule of Maturities of Long-term Debt	The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions): 2017 $ 2018 $ 2019 $ 2020 $ 2121 $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes
Schedule of Components of Income Tax Expense (Benefit)	Years ended December 31, 2016 2015 2014 amounts in millions Current: Federal $ State and local Foreign — — Deferred: Federal State and local Foreign — — — Income tax benefit (expense) $
Schedule of Effective Income Tax Rate Reconciliation	Years ended December 31, 2016 2015 2014 amounts in millions Computed expected tax benefit (expense) $ Liquidation of consolidated subsidiaries — — Dividends received deductions Taxable dividends not recognized for book purposes — — Sale of subsidiary shares to subsidiary treated as a dividend for tax — — State and local income taxes, net of federal income taxes Federal tax credits — — Change in valuation allowance affecting tax expense Recognition of tax benefits not previously recognized, net — — Other, net Income tax benefit (expense) $
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities are presented below: December 31, 2016 2015 amounts in millions Deferred tax assets: Net operating and capital loss carryforwards and tax credits $ Accrued stock compensation Other accrued liabilities Deferred revenue Other future deductible amounts Deferred tax assets Valuation allowance Net deferred tax assets Deferred tax liabilities: Investments Fixed assets Intangible assets Discount on debt Deferred tax liabilities Net deferred tax liabilities $
Summary of Income Tax Contingencies	December 31, 2016 2015 2014 amounts in millions Balance at beginning of year $ Reductions for tax positions of prior years — Lapse in the statute of limitations — — Increase in tax positions for current year — — Increase in tax positions from prior years — — Increase in tax positions from acquisition — — — Balance at end of year $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	Years ended December 31, 2016 2015 2014 Weighted Weighted Weighted Options average Options average Options average granted grant-date granted grant-date granted grant-date (000's) fair value (000's) fair value (000's) fair value Series A Liberty Media Corporation common stock — $ — — $ — $ Series C Liberty Media Corporation common stock $ $ $ Series C Liberty Formula One common stock $ NA NA NA NA Series C Liberty SiriusXM common stock $ NA NA NA NA Series C Liberty Braves common stock $ NA NA NA NA
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Volatility 2016 grants Liberty options % - % 2015 grants Liberty options % - % 2014 grants Liberty options % - %
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 (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 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 (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled $ Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 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 (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 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 (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $
Liberty Formula One Group | Common Class A
Schedule of Stock-Based Compensation Activity	Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $
Liberty Formula One Group | Common Class C
Schedule of Stock-Based Compensation Activity	Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 — $ — Recapitalization adjustment $ Granted $ Exercised $ Forfeited/Cancelled — $ — Outstanding at December 31, 2016 $ years $ Exercisable at December 31, 2016 $ years $
Liberty Media Corporation | Common Class A
Schedule of Stock-Based Compensation Activity	Series A Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 $ Granted — $ — Exercised $ Forfeited/Cancelled — $ — Recapitalization adjustment $ Outstanding at December 31, 2016 — NA NA NA Exercisable at December 31, 2016 — NA NA NA
Liberty Media Corporation | Common Class C
Schedule of Stock-Based Compensation Activity	Series C Weighted Aggregate average intrinsic Liberty remaining value Awards (000's) WAEP life (in millions) Outstanding at January 1, 2016 $ Granted $ Exercised $ Forfeited/Cancelled $ Recapitalization adjustment $ Outstanding at December 31, 2016 — NA NA NA Exercisable at December 31, 2016 — NA NA NA

Other Comprehensive Earnings 39

Other Comprehensive Earnings (loss) (Tables)	12 Months Ended
	Dec. 31, 2016
Other Comprehensive Earnings (Loss)
Schedule of Accumulated Other Comprehensive Income (Loss)	Unrealized Foreign holding currency gains (losses) translation on securities adjustment Other AOCI amounts in millions Balance at January 1, 2014 $ — Other comprehensive earnings (loss) attributable to Liberty stockholders — Distribution to stockholders for Broadband Spin-Off — Balance at December 31, 2014 — Other comprehensive earnings (loss) attributable to Liberty stockholders — Balance at December 31, 2015 Other comprehensive earnings (loss) attributable to Liberty stockholders Balance at December 31, 2016 $
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Tax Before-tax (expense) Net-of-tax amount benefit amount amounts in millions Year ended December 31, 2016: Unrealized holding gains (losses) on securities arising during period $ - - - Foreign currency translation adjustments Other comprehensive earnings $ Year ended December 31, 2015: Foreign currency translation adjustments $ Other comprehensive earnings $ Year ended December 31, 2014: Unrealized holding gains (losses) on securities arising during period $ Foreign currency translation adjustments Other comprehensive earnings $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	A summary of future minimum lease payments under cancelable and noncancelable operating leases as of December 31, 2016 follows (amounts in millions): Years ending December 31: 2017 $ 2018 $ 2019 $ 2020 $ 2021 $ Thereafter $

Information About Liberty's O41

Information About Liberty's Operating Segments (Tables)	12 Months Ended
	Dec. 31, 2016
Information About Liberty's Operating Segments
Performance Measures By Segment	Years ended December 31, 2016 2015 2014 Adjusted Adjusted Adjusted Revenue OIBDA Revenue OIBDA Revenue OIBDA amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — — — Total Liberty SiriusXM Group Braves Group Corporate and other Total Braves Group Formula One Group Corporate and other — — Total Formula One Group — — Total $
Other Information By Segment	December 31, 2016 December 31, 2015 Total Investments Capital Total Investments Capital assets in affiliates expenditures assets in affiliates expenditures amounts in millions Liberty SiriusXM Group SIRIUS XM $ Corporate and other — — — — — Total Liberty SiriusXM Group Braves Group Corporate and other Total Braves Group Formula One Group Corporate and other Total Formula One Group Elimination (1) — — — — Consolidated Liberty $ (1) This is primarily the intergroup interest in the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interest attributable to the Formula One Group is presented as an asset and the intergroup interest attributable to the Braves Group is presented as a liability in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income tax	Years ended December 31, 2016 2015 2014 amounts in millions Consolidated segment Adjusted OIBDA $ Legal settlement (note 17) — Stock-based compensation Depreciation and amortization Operating income (loss) 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 $

Quarterly Financial Informati42

Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information (Unaudited)
Schedule of Quarterly Financial Information	1st 2nd 3rd 4th Quarter Quarter Quarter Quarter amounts in millions, except per share amounts 2016: Revenue $ Operating income (loss) $ Net earnings (loss) $ Net earnings (loss) attributable to Liberty stockholders: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA Basic net earnings (loss) attributable to Liberty stockholders per common share: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA Diluted net earnings (loss) attributable to Liberty stockholders per common share: Liberty Media Corporation common stock $ NA NA Liberty SiriusXM common stock $ NA Liberty Braves common stock $ NA Liberty Formula One common stock $ NA 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter amounts in millions, except per share amounts 2015: Revenue $ Operating income $ Net earnings (loss) $ Net earnings (loss) attributable to Liberty stockholders $ Basic net earnings (loss) attributable to Liberty stockholders per common share $ Diluted net earnings (loss) attributable to Liberty stockholders per common share $

Basis of Presentation - Acquisi

Basis of Presentation - Acquisition of Delta Topco (Details)	Jan. 23, 2017	Sep. 07, 2016
Delta Topco
Business Acquisition [Line Items]
Interest acquired (as a percent)	100.00%	20.00%

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Jul. 23, 2014	Oct. 31, 2014	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Nov. 04, 2014
Entity Information [Line Items]
Revenue			$ 1,321	$ 1,385	$ 1,366	$ 1,204	$ 1,208	$ 1,284	$ 1,222	$ 1,081	$ 5,276	$ 4,795	$ 4,450
Earnings (loss) from continuing operations before income taxes											1,419	458	461
Net Income (Loss) Attributable to Parent							$ 44	$ (22)	$ 61	$ (19)	680	64	178
Cash received from consolidated subsidiary		$ 300
Number of shares received in spin-off														0.25
Additional paid in capital deficit reclassification												499
Related Party Transaction, Amounts of Transaction											21	23	15
Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Operating Activities											75	19	3
Starz, LLC
Entity Information [Line Items]
Related Party Transaction, Amounts of Transaction											4
TruePosition | Spinoff
Entity Information [Line Items]
Revenue													57
Earnings (loss) from continuing operations before income taxes													(6)
Net Income (Loss) Attributable to Parent													(8)
Liberty Sirius XM Group
Entity Information [Line Items]
Revenue											5,014	4,552	4,141
Earnings (loss) from continuing operations before income taxes											998	765	775
Net Income (Loss) Attributable to Parent			119	96	82						297	259	231
Liberty Braves Group
Entity Information [Line Items]
Revenue											262	243	250
Earnings (loss) from continuing operations before income taxes											(79)	(30)	(37)
Net Income (Loss) Attributable to Parent			(40)	(22)	32						(30)	(20)	(24)
Liberty Media Corporation
Entity Information [Line Items]
Net Income (Loss) Attributable to Parent					13	$ 364					377	64	178
Liberty Media Corporation | Common Class C
Entity Information [Line Items]
Number of Shares Issued During The Period For Each Share of Series A and Series B Stock Held By Shareholders Prior To The Distribution	2
Liberty Formula One Group
Entity Information [Line Items]
Revenue													59
Earnings (loss) from continuing operations before income taxes											500	(277)	(277)
Net Income (Loss) Attributable to Parent			$ 40	$ 41	$ (45)						$ 36	$ (175)	$ (29)

Tracking Stocks (Narrative) (De

Tracking Stocks (Narrative) (Details) $ / shares in Units, $ in Millions

Sep. 07, 2016agreementitem

May 16, 2016shares

Jun. 30, 2016USD ($)

Jun. 16, 2016$ / sharesshares

May 11, 2016

Jan. 23, 2017

Dec. 31, 2016USD ($)shares

Oct. 27, 2016

Apr. 15, 2016shares

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Targeted or Tracking Stock, Stock [Line Items]

Number of tracking stock groups

3

Cash and cash equivalents

$ 562

$ 201

$ 681

$ 1,088

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

287

112

148

135

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

107

13

11

57

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

Percentage discount on stock subscriptions

20

Pre rights offering trading period

18 days

Stock Issued During Period, Shares, Period Increase (Decrease) | shares

15,833,634

Liberty Formula One 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

$ 168

76

$ 522

$ 896

Liberty Braves Group | Liberty Formula One Group

Targeted or Tracking Stock, Stock [Line Items]

Percentage ownership

15.50%

20.00%

Investment Owned, Balance, Shares | shares

9,084,940

Formula 1

Targeted or Tracking Stock, Stock [Line Items]

Cash and cash equivalents

$ 168

Investment ownership percentage

20.00%

SIRIUS XM | Liberty Sirius XM Group

Targeted or Tracking Stock, Stock [Line Items]

Cash and cash equivalents

$ 214

Intergroup note | Liberty Braves Group

Targeted or Tracking Stock, Stock [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 165

Intergroup note | Liberty Braves Group

Targeted or Tracking Stock, Stock [Line Items]

Repayments of Lines of Credit

$ 150

Delta Topco

Targeted or Tracking Stock, Stock [Line Items]

Number of stock purchase agreements | item

2

Interest acquired (as a percent)

20.00%

100.00%

Diluted investment ownership percentage

19.10%

Business Acquisition, Percentage of Voting Interests Acquired

20.00%

100.00%

Delta Topco | Maximum

Targeted or Tracking Stock, Stock [Line Items]

Interest acquired (as a percent)

20.00%

Business Acquisition, Percentage of Voting Interests Acquired

20.00%

Delta Topco | Formula 1

Targeted or Tracking Stock, Stock [Line Items]

Number of stock purchase agreements | agreement

2

Interest acquired (as a percent)

100.00%

Diluted investment ownership percentage

19.10%

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	Jul. 23, 2014	Apr. 15, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts Receivable, Current			$ 9	$ 9	$ 6
Provision for Doubtful Accounts				56	47	$ 45
Allowance for Doubtful Accounts Receivable, Write-offs				53	49	41
Total Value Of Fair Value Option Securities			489	489	450
Property, Plant and Equipment, Gross			3,182	3,182	2,587
Depreciation				186	207	209
Interest Costs Capitalized				8	2
Advertising Expense				230	210	207
Share-based Compensation				150	204	217
Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Operating Activities				75	19	3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			42	$ 42
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 1 month 6 days
Liberty Sirius XM Group
Property, Plant and Equipment, Gross			2,079	$ 2,079	1,984
Share-based Compensation				128	157	148
Liberty Braves Group
Property, Plant and Equipment, Gross			943	943	406
Share-based Compensation				9	10	12
Liberty Formula One Group
Property, Plant and Equipment, Gross			$ 160	160	197
Share-based Compensation				$ 13	37	$ 57
Anti-dilutive shares excluded from EPS				5,000,000
Liberty Braves Group | Liberty Formula One Group
Investment Owned, Balance, Shares			9,084,940	9,084,940
Land [Member]
Property, Plant and Equipment, Gross			$ 191	$ 191	101
Building and Improvements [Member]
Property, Plant and Equipment, Gross			144	144	164
Equipment [Member]
Property, Plant and Equipment, Gross			316	$ 316	312
Satellite system [Member]
Property, Plant and Equipment, Useful Life				15 years
Property, Plant and Equipment, Gross			1,668	$ 1,668	1,628
Construction in Progress [Member]
Property, Plant and Equipment, Gross			$ 863	$ 863	$ 382
Common Class A | Liberty Sirius XM Group
Anti-dilutive shares excluded from EPS				21,000,000
Common Class A | Liberty Braves Group
Anti-dilutive shares excluded from EPS				2,000,000
Common Class C | Liberty Media Corporation
Number of Shares Issued During The Period For Each Share of Series A and Series B Stock Held By Shareholders Prior To The Distribution	2
Common Class SeriesA, SeriesB, SeriesC | Liberty Sirius XM Group
Weighted Average Number of Shares Outstanding, Basic			335,000,000
Potentially dilutive shares			2,000,000
Diluted, Weighted average number of shares outstanding			337,000,000
Common Class SeriesA, SeriesB, SeriesC | Liberty Braves Group
Weighted Average Number of Shares Outstanding, Basic			46,000,000
Potentially dilutive shares			9,000,000
Diluted, Weighted average number of shares outstanding			55,000,000
Basic earnings (loss)			$ (30)
Unrealized gain loss on the intergroup interest			27
Diluted earnings (loss)			$ (3)
Common Class SeriesA, SeriesB, SeriesC | Liberty Formula One Group
Weighted Average Number of Shares Outstanding, Basic			84,000,000
Potentially dilutive shares			1,000,000
Diluted, Weighted average number of shares outstanding			85,000,000
Common Class SeriesA, SeriesB, SeriesC | Liberty Media Corporation
Number of Shares Issued During The Period For Each Share of Series A and Series B Stock Held By Shareholders Prior To The Distribution	2
Weighted Average Number of Shares Outstanding, Basic		335,000,000			338,000,000	342,000,000
Potentially dilutive shares		2,000,000			2,000,000	3,000,000
Diluted, Weighted average number of shares outstanding		337,000,000			340,000,000	345,000,000
Anti-dilutive shares excluded from EPS				23,000,000	22,000,000	21,000,000
Common Class SeriesA, SeriesB, SeriesC | Liberty Braves Group | Liberty Formula One Group
Investment Owned, Balance, Shares			9,084,940	9,084,940
Accounting Standards Update 2016-09
Cumulative adjustment for change in accounting principle				$ 65
Accounting Standards Update 2016-09 | Retained Earnings
Cumulative adjustment for change in accounting principle				66
SIRIUS XM
Share-based Compensation				$ 109	$ 157	$ 148
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 6 months
Minimum | Building and Improvements [Member]
Property, Plant and Equipment, Useful Life				10 years
Minimum | Equipment [Member]
Property, Plant and Equipment, Useful Life				3 years
Maximum | Building and Improvements [Member]
Property, Plant and Equipment, Useful Life				40 years
Maximum | Equipment [Member]
Property, Plant and Equipment, Useful Life				20 years
Programming and content expense
Allocated Share-based Compensation Expense				$ 21	19	17
Customer service and billing
Allocated Share-based Compensation Expense				4	5	5
Other cost of subscriber services
Allocated Share-based Compensation Expense				5	8	8
Other Operating Income Expense [Member]
Allocated Share-based Compensation Expense				13	18	17
Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense				$ 107	$ 154	$ 170

Sirius XM Transactions (Details

Sirius XM Transactions (Details)	Dec. 31, 2016	Oct. 09, 2013USD ($)shares	Aug. 31, 2008USD ($)$ / shares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)shares
Business Acquisition [Line Items]
Stock Repurchased and Retired During Period, Shares | shares				0	9,200,000	0
Payments for Repurchase of Common Stock					$ 350,000,000
Sirius XM 7% Exchangeable Senior Subordinated Notes due 2014
Business Acquisition [Line Items]
Debt face amount			$ 550,000,000
Debt Instrument, Interest Rate, Stated Percentage			7.00%
Debt Instrument, Convertible, Conversion Ratio			543.1372
Debt instrument, face amount per debenture			$ 1,000
conversion price for exchangeable debt | $ / shares			$ 1.841
Debt Conversion, Converted Instrument, Amount						$ 502,000,000
SIRIUS XM
Business Acquisition [Line Items]
Ownership percentage	67.00%
SIRIUS XM | Sirius XM 7% Exchangeable Senior Subordinated Notes due 2014
Business Acquisition [Line Items]
Debt Conversion of a Consolidated Subsidiary, Shares received upon maturity of exchangeable note | shares						5,974,510
SIRIUS XM
Business Acquisition [Line Items]
Stock Repurchased and Retired During Period, Shares | shares				420,100,000	524,200,000	423,000,000
Payments for Repurchase of Common Stock				$ 1,700,000,000	$ 2,000,000,000	$ 1,400,000,000
SIRIUS XM | Sirius XM 7% Exchangeable Senior Subordinated Notes due 2014
Business Acquisition [Line Items]
Debt Conversion, Converted Instrument, Shares Issued | shares						272,855,859
SIRIUS XM | Sirius XM Liberty Repurchase Agreement
Business Acquisition [Line Items]
Stock Repurchased and Retired During Period, Shares | shares		136,600,000					43,700,000
Payments for Repurchase of Common Stock		$ 500,000,000				$ 340,000,000	$ 160,000,000
SIRIUS XM | SIRIUS XM Accelerated Liberty Share Repurchase Agreements [member]
Business Acquisition [Line Items]
Stock Repurchased and Retired During Period, Shares | shares						223,200,000
Payments for Repurchase of Common Stock						$ 756,000,000

Supplemental Disclosures to C48

Supplemental Disclosures to Consolidated Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Disclosures to Consolidated Statements of Cash Flows
Fair value of assets acquired			$ 1
Intangibles not subject to amortization			24
Intangibles subject to amortization			36
Net liabilities assumed			(12)
Deferred tax liabilities			(2)
Payments to Acquire Businesses, Net of Cash Acquired			47
Stock repurchased by subsidiary not yet settled	$ 23	$ 24	26
Cash paid for interest, net of amount capitalized	327	295	232
Cash paid for income taxes	$ 69	$ 3	$ 20

Assets And Liabilities Measur49

Assets And Liabilities Measured At Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 289	$ 68
Available-for-sale securities	489	474
Financial instrument assets	286	232
Debt	1,546	995
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	289	68
Available-for-sale securities	489	425
Financial instrument assets	16
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		49
Financial instrument assets	270	232
Debt	$ 1,546	$ 995

Assets And Liabilities Measur50

Assets And Liabilities Measured At Fair Value - Realized and Unrealized Gains (Losses) on Financial Instruments (Details)	1 Months Ended		12 Months Ended			15 Months Ended
	Sep. 30, 2015shares	Sep. 30, 2014shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 02, 2015USD ($)	Jun. 30, 2016USD ($)item	Oct. 31, 2013USD ($)	Oct. 17, 2013USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net			$ 37,000,000	$ (140,000,000)	$ 38,000,000
Payments for (Proceeds from) Derivative Instrument, Investing Activities			1,000,000	322,000,000	72,000,000
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			112,000,000	(151,000,000)	80,000,000
Convertible Notes Payable | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net			(113,000,000)	(5,000,000)	12,000,000
Bond Hedge Change in Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized and unrealized gains (losses) on financial instruments, net			37,000,000	23,000,000	(89,000,000)
Other Financial Instruments | Level 2
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	$ (7,000,000)	$ 35,000,000
Forward Contracts | Live Nation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maximum shares to be purchased | shares		15,900,000
Weighted average stock price shares purchased by counterparty | shares	24.93
Payments for (Proceeds from) Derivative Instrument, Investing Activities						$ 396,000,000
Interest Rate Swap | Braves Holdings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap arrangement | item							2
Aggregate notional amount							$ 50,000,000

Investments In Available-For-51

Investments In Available-For-Sale Securities And Other Cost Investments (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	$ 533	$ 1,309
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 Formula One Group
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	525	1,301
Liberty Formula One Group | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	450	489
Liberty Formula One Group | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	75	812
Liberty Formula One Group | Other equity securities | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	74	13
Liberty Formula One 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 Formula One Group | Other Debt Obligations | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	24
Liberty Formula One 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	51	53
Liberty Formula One Group | Time Warner Inc | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	275	411
Liberty Formula One Group | Viacom, Inc. | Fair Value Option Securities
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments	$ 76	65
Liberty Formula One Group | Formula 1 | AFS and cost method investments
Schedule of Investments [Line Items]
Investments in available-for-sale securities and other cost investments		$ 759

Investments In Available-For-52

Investments In Available-For-Sale Securities And Other Cost Investments - Formula 1 (Details) $ / shares in Units, shares in Millions, $ in Millions	Jan. 23, 2017USD ($)$ / sharesshares	Oct. 27, 2016USD ($)	Sep. 07, 2016USD ($)agreementitem	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Nov. 08, 2016USD ($)
Schedule of Investments [Line Items]
Investments in and loans to cost and equity investees				$ 784	$ 19	$ 183
Long-term debt				$ 8,013	$ 6,626
2.25% Exchangeable Senior Debentures due 2046
Schedule of Investments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				2.25%
Formula 1
Schedule of Investments [Line Items]
Investment ownership percentage			20.00%
Investments in and loans to cost and equity investees			$ 746
Payments to Acquire Investments, gross			821
Investment Discount			$ 75
Acquisition transaction price	$ 8,000
Enterprise Value	8,000
Equity Value of Acquired Business	4,400
Consideration Amount	5,000
Payments to Acquire Businesses, Gross	3,050
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	1,600
Consideration payable	400
Formula 1 | Margin loan
Schedule of Investments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 500
Long-term debt				$ 0
Amount withdrawn	350
Line of Credit Facility, Remaining Borrowing Capacity	150
Formula 1 | Liberty 1% Cash Convertible Notes Due 2023
Schedule of Investments [Line Items]
Net proceeds	$ 450
Formula 1 | Common Class C
Schedule of Investments [Line Items]
Newly issued shares | shares	56
Treasury stock shares | shares	19
Per share price sold if not retained in treasury | $ / shares	$ 21.26
Delta Topco
Schedule of Investments [Line Items]
Number Of Stock Purchase Agreements | item			2
Diluted investment ownership percentage		19.10%
Business Acquisition, Percentage of Voting Interests Acquired	100.00%		20.00%
Stock Issued During Period, Shares, New Issues | shares	62
Delta Topco | Formula 1
Schedule of Investments [Line Items]
Number Of Stock Purchase Agreements | agreement			2
Investments in and loans to cost and equity investees		$ 13
Diluted investment ownership percentage		19.10%
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Delta Topco | Formula 1 | Common Class C
Schedule of Investments [Line Items]
Value of shares issued to third parties	$ 1,550
Shares Issued, Price Per Share | $ / shares	$ 25
Delta Topco | Formula 1 | Delta Topco Exchangeable Notes
Schedule of Investments [Line Items]
Debt Instrument, Face Amount	$ 351
Delta Topco | Delta Topco | Delta Topco Exchangeable Notes
Schedule of Investments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.00%
Debt Instrument, Face Amount	$ 351

Investments In Available-For-53

Investments In Available-For-Sale Securities And Other Cost Investments - Unrealized Holding Gains and Losses (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investments In Available-For-Sale Securities And Other Cost Investments
Gross unrealized holding gains	$ 0	$ 0
Gross unrealized holding losses	$ 0	$ 0

Investments In Affiliates Acc54

Investments In Affiliates Accounted For Using The Equity Method (Details) - USD ($) $ in Millions	Dec. 31, 2016	May 12, 2016	Dec. 31, 2015	May 31, 2013
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 1,117		$ 1,115
Charter Communications
Schedule of Equity Method Investments [Line Items]
Percentage ownership				27.00%
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 164		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	$ 179
Investments in affiliates, accounted for using the equity method	164		153
Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	61		39
Liberty Braves Group | Other
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	61		39
Liberty Formula One Group
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	892		923
Liberty Formula One Group | Other
Schedule of Equity Method Investments [Line Items]
Investments in affiliates, accounted for using the equity method	$ 161		159
Liberty Formula One Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Percentage ownership	34.00%
Equity Method Investment, Quoted Market Value	$ 1,853
Investments in affiliates, accounted for using the equity method	$ 731		$ 764
SIRIUS XM | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Percentage ownership		70.00%

Investments In Affiliates Acc55

Investments In Affiliates Accounted For Using The Equity Method - Share Of Earnings (Losses) Of Affiliates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ 14	$ (40)	$ (113)
Liberty Sirius XM Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	13	(1)	5
Liberty Sirius XM Group | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	13	(1)	5
Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	9	9	10
Liberty Formula One Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	(8)	(48)	(128)
Liberty Formula One Group | Live Nation
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	(12)	(27)	(30)
Liberty Formula One Group | Charter Communications
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net			(94)
Other | Liberty Braves Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	9	9	10
Other | Liberty Formula One Group
Schedule of Equity Method Investments [Line Items]
Share of earnings (losses) of affiliates, net	$ 4	$ (21)	$ (4)

Investments In Affiliates Acc56

Investments In Affiliates Accounted For Using The Equity Method - Charter (Details) $ / shares in Units, shares in Millions, $ in Millions	May 12, 2016USD ($)shares	May 31, 2013USD ($)shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	May 12, 2016CAD / shares	May 12, 2016$ / shares	May 01, 2013USD ($)	Jan. 18, 2013USD ($)
Schedule of Equity Method Investments [Line Items]
Gain (loss) on dilution of investment in affiliate				$ (1)	$ (78)
Deferred revenue			$ 1,877	1,797
Live Nation | Margin loan
Schedule of Equity Method Investments [Line Items]
Shares pledged as collateral under loan | shares		8.1
SIRIUS XM | Margin loan
Schedule of Equity Method Investments [Line Items]
Shares pledged as collateral under loan | shares		720
Charter Communications
Schedule of Equity Method Investments [Line Items]
Purchase of shares in equity method investee | shares		26.9
excess amortization in share of earnings (loss)					60
Warrants acquired | shares		1.1
Equity Method Investment, Aggregate Cost								$ 2,600
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity		$ 2,500
Gain (loss) on dilution of investment in affiliate					(72)
Equity Method Investment, Ownership Percentage		27.00%
Charter Communications | Margin loan
Schedule of Equity Method Investments [Line Items]
Shares pledged as collateral under loan | shares		20.3
SIRIUS XM | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Due from Related Parties			6
Due to Related Parties			11
Revenue from Related Parties				56	50
SIRIUS XM | Sirius XM Canada
Schedule of Equity Method Investments [Line Items]
Due from Related Parties				6
Due to Related Parties				14
Revenue from Related Parties			46
Proceeds from Equity Method Investment, Dividends or Distributions			$ 8	$ 16	$ 43
Deferred revenue									$ 21
EquityMethodInvestmentEquity Interest Issued or Issuable Value of Cash Shares or Exchangeable Security | (per share)						CAD 4.50	$ 3.50
Equity Method Investment, Ownership Percentage						70.00%	70.00%
Equity Method Investment Voting Interest	33.00%
Payments to Acquire Equity Method Investments	$ 275
SIRIUS XM | Sirius XM Canada | Minimum
Schedule of Equity Method Investments [Line Items]
Royalty rate				10.00%
SIRIUS XM | Sirius XM Canada | Maximum
Schedule of Equity Method Investments [Line Items]
Royalty rate				15.00%
Sale of Stock, Number of Shares Issued in Transaction | shares	35
Equity Method Investment Maximum Percentage of Consideration Issuable in Equity	50.00%

Goodwill and Other Intangible57

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Goodwill, Period Increase (Decrease)	$ 0	$ 0
Finite-Lived Intangible Assets, Gross	1,832	1,763
Accumulated amortization	(760)	(666)
Finite-Lived Intangible Assets, Net, Total	1,072	1,097
Amortization of Intangible Assets	168	155	$ 150
2,017		166
2,018		172
2,019		124
2,020		110
2,021		101
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	830	838
Accumulated amortization	(228)	(179)
Finite-Lived Intangible Assets, Net, Total	602	$ 659
Customer Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Customer Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	316	$ 316
Accumulated amortization	(109)	(81)
Finite-Lived Intangible Assets, Net, Total	207	$ 235
Finite-Lived Intangible Asset, Useful Life		15 years
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	686	$ 609
Accumulated amortization	(423)	(406)
Finite-Lived Intangible Assets, Net, Total	$ 263	$ 203

Goodwill and Other Intangible58

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
SIRIUS XM
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Trade Names	$ 930	$ 930
Braves Holdings
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Franchise Rights	$ 143	$ 143

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Outstanding principal	$ 7,973
Total debt	8,018	$ 6,881
Less debt classified as current	(5)	(255)
Total long-term debt	$ 8,013	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%
2.25% Exchangeable Senior Debentures due 2046
Debt Instrument [Line Items]
Debt instrument interest rate	2.25%
Liberty Sirius XM Group
Debt Instrument [Line Items]
Outstanding principal	$ 6,154
Less deferred financing costs	(7)	(7)
Total debt	6,107	5,709
Less debt classified as current	(5)	(255)
Total long-term debt	6,102	5,454
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]
Total debt		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	405	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	1,487	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]
Outstanding principal	390
Total debt	390	340
Liberty Sirius XM Group | Sirius XM leases
Debt Instrument [Line Items]
Outstanding principal	14
Total debt	14	13
Liberty Braves Group
Debt Instrument [Line Items]
Outstanding principal	338
Less deferred financing costs	(10)	(8)
Total debt	328	139
Total long-term debt	328	139
Liberty Braves Group | Notes and loans
Debt Instrument [Line Items]
Outstanding principal	338
Total debt	338	147
Liberty Formula One Group
Debt Instrument [Line Items]
Outstanding principal	1,481
Total debt	1,583	1,033
Total long-term debt	1,583	1,033
Liberty Formula One Group | 1.375% Cash Convertible Senior Notes due 2023
Debt Instrument [Line Items]
Outstanding principal	1,000
Total debt	1,076	995
Liberty Formula One Group | Other Debt Obligations
Debt Instrument [Line Items]
Outstanding principal	36
Total debt	37	$ 38
Liberty Formula One Group | 2.25% Exchangeable Senior Debentures due 2046
Debt Instrument [Line Items]
Outstanding principal	445
Total debt	$ 470

Debt - Narrative (Details)

Debt - Narrative (Details)

Jan. 23, 2017USD ($)$ / shares

Jan. 20, 2017USD ($)

Nov. 08, 2016USD ($)

Aug. 17, 2016USD ($)$ / sharesshares

Apr. 15, 2016shares

Oct. 17, 2013USD ($)

May 01, 2013USD ($)

Apr. 30, 2013USD ($)

Oct. 31, 2016USD ($)

Oct. 31, 2015USD ($)

Oct. 31, 2014USD ($)

May 31, 2013USD ($)

Aug. 31, 2008USD ($)$ / shares

Dec. 31, 2013

Dec. 31, 2016USD ($)$ / sharesshares

Dec. 31, 2015USD ($)$ / sharesshares

Dec. 31, 2014USD ($)$ / shares$ / itemshares

Dec. 31, 2013USD ($)item

Oct. 31, 2014USD ($)

May 31, 2016USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Sep. 30, 2013USD ($)

Aug. 31, 2013USD ($)

Aug. 31, 2012USD ($)

Debt Instrument [Line Items]

Long-term Debt

$ 8,018,000,000

$ 6,881,000,000

Warrant expiration period

81 days

Borrowings of debt

$ 2,745,000,000

2,213,000,000

$ 2,758,000,000

Repayments of Long-term Debt

1,749,000,000

$ 1,196,000,000

1,936,000,000

Number of margin loans | item

3

Loss on extinguishment of debt

(24,000,000)

Sirius XM Senior Secured Revolving Credit Facility

Debt Instrument [Line Items]

Line of Credit Facility, Remaining Borrowing Capacity

$ 1,360,000,000

1.375% Cash Convertible Senior Notes due 2023

Debt Instrument [Line Items]

Debt face amount

$ 1,000,000,000

Debt Instrument, Interest Rate, Stated Percentage

1.375%

Debt instrument interest rate

1.375%

$670 million margin loan due 2015

Debt Instrument [Line Items]

Debt face amount

$ 670,000,000

Repayments of Long-term Debt

670,000,000

Debt Instrument, Description of Variable Rate Basis

three-month LIBOR

Debt Instrument, Basis Spread on Variable Rate

3.25%

$500 Million Margin Loan due 2018

Debt Instrument [Line Items]

Debt face amount

$ 500,000,000

Debt Instrument, Description of Variable Rate Basis

LIBOR

Proceeds from Issuance of Secured Debt

$ 350,000,000

Debt instrument, unused borrowing capacity, fee, percent

0.75%

Debt Instrument, Term

2 years

$500 Million Margin Loan due 2018 | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.25%

$750 million margin loan due 2018

Debt Instrument [Line Items]

Debt Instrument, Description of Variable Rate Basis

LIBOR

LIBOR

LIBOR

Effective interest rate

2.59%

Debt instrument, unused borrowing capacity, fee, percent

0.75%

$750 million margin loan due 2018 | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.75%

$750 million margin loan due 2018 | Term loan

Debt Instrument [Line Items]

Debt face amount

$ 250,000,000

$ 250,000,000

$ 250,000,000

$ 250,000,000

Borrowings of debt

$ 250,000,000

Debt Instrument, Description of Variable Rate Basis

LIBOR

Debt Instrument, Basis Spread on Variable Rate

2.00%

$750 million margin loan due 2018 | Revolving Credit Facility

Debt Instrument [Line Items]

Debt face amount

$ 1,000,000,000

$ 750,000,000

$ 750,000,000

Borrowings of debt

$ 450,000,000

Repayments of Long-term Debt

$ 450,000,000

Debt instrument, unused borrowing capacity, fee, percent

0.75%

0.75%

Line of Credit Facility, Remaining Borrowing Capacity

500,000,000

Sirius XM 7% Exchangeable Senior Subordinated Notes due 2014

Debt Instrument [Line Items]

Debt face amount

$ 550,000,000

Debt Instrument, Interest Rate, Stated Percentage

7.00%

Debt instrument, face amount per debenture

$ 1,000

Debt Conversion, Converted Instrument, Amount

$ 502,000,000

Debt instrument interest rate

7.00%

Debt Instrument, Convertible, Conversion Ratio

543.1372

conversion price for exchangeable debt | $ / shares

$ 1.841

Sirius XM 5.25% Senior Secured Notes due 2022

Debt Instrument [Line Items]

Debt face amount

$ 400,000,000

Debt Instrument, Interest Rate, Stated Percentage

5.25%

Debt instrument interest rate

5.25%

Sirius XM Senior Secured Revolving Credit Facility

Debt Instrument [Line Items]

Effective interest rate

2.41%

Debt instrument, unused borrowing capacity, fee, percent

0.25%

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,750,000,000

Proceeds from Long-term Lines of Credit

310,000,000

Sirius XM 4.25% Senior Notes due 2020

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

4.25%

Debt instrument interest rate

4.25%

Sirius XM 4.25% Senior Notes due 2020 | Senior Notes

Debt Instrument [Line Items]

Debt face amount

$ 500,000,000

Sirius XM 4.625% Senior Notes due 2023

Debt Instrument [Line Items]

Debt face amount

500,000,000

Debt Instrument, Interest Rate, Stated Percentage

4.625%

Debt Instrument, Basis Spread on Variable Rate

4.625%

Debt instrument interest rate

4.625%

Sirius XM Senior Notes Due 2020 And 2023

Debt Instrument [Line Items]

Borrowings of debt

$ 989,000,000

Sirius XM 5.75% Senior Notes due 2021

Debt Instrument [Line Items]

Debt face amount

$ 600,000,000

Long-term Debt

$ 594,000,000

Debt Instrument, Interest Rate, Stated Percentage

5.75%

Debt instrument interest rate

5.75%

Sirius XM 5.875% Senior Notes due 2020

Debt Instrument [Line Items]

Debt face amount

$ 650,000,000

Long-term Debt

$ 643,000,000

Debt Instrument, Interest Rate, Stated Percentage

5.875%

Loss on extinguishment of debt

(24,000,000)

Debt instrument interest rate

5.875%

Debt Instrument, Repurchase Amount

669,000,000

Debt Instrument, Repurchased Face Amount

650,000,000

Repayments of Senior Debt

$ 359,000,000

Sirius XM 5.375% Senior Notes Due 2025

Debt Instrument [Line Items]

Debt face amount

$ 1,000,000,000

Debt discount

$ 11,000,000

Debt Instrument, Interest Rate, Stated Percentage

5.375%

Debt instrument interest rate

5.375%

Sirius XM 5.375% Senior Notes due 2026

Debt Instrument [Line Items]

Debt face amount

$ 1,000,000,000

Debt discount

$ 11,000,000

Debt Instrument, Interest Rate, Stated Percentage

5.375%

Debt instrument interest rate

5.375%

Liberty 1% Cash Convertible Notes Due 2023

Debt Instrument [Line Items]

Debt face amount

$ 450,000,000

Debt Instrument, Interest Rate, Stated Percentage

1.00%

Debt instrument interest rate

1.00%

Convertion amount

$ 1,000

Minimum | $750 million margin loan due 2018

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.75%

1.75%

Maximum | $750 million margin loan due 2018

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.25%

2.50%

SIRIUS XM | $750 million margin loan due 2018

Debt Instrument [Line Items]

Margin loan | shares

1,138,400,000

SIRIUS XM | $750 million margin loan due 2018 | Revolving Credit Facility

Debt Instrument [Line Items]

Line of Credit Facility, Remaining Borrowing Capacity

$ 500,000,000

Live Nation | $500 Million Margin Loan due 2018

Debt Instrument [Line Items]

Margin loan | shares

53,700,000

Debt Instrument, Collateral Amount

$ 1,430,000,000

Formula 1

Debt Instrument [Line Items]

Consideration payable

400,000,000

Viacom, Inc. | $500 Million Margin Loan due 2018

Debt Instrument [Line Items]

Margin loan | shares

1,900,000

Debt Instrument, Collateral Amount

$ 65,000,000

SIRIUS XM | $750 million margin loan due 2018

Debt Instrument [Line Items]

Debt Instrument, Collateral Amount

$ 5,066,000,000

SIRIUS XM | Sirius XM 7% Exchangeable Senior Subordinated Notes due 2014

Debt Instrument [Line Items]

Debt Conversion, Converted Instrument, Shares Issued | shares

272,855,859

Delta Topco | Delta Topco Limited Exchangeable Redeemable Loan Notes

Debt Instrument [Line Items]

Debt face amount

$ 351,000,000

Debt Instrument, Interest Rate, Stated Percentage

2.00%

Maximum estimated shares issuable upon exchange of debt. | shares

15,700,000

Debt instrument interest rate

2.00%

1.375% Convertible Notes Bond Hedge Transaction

Debt Instrument [Line Items]

Payments for Derivative Instrument, Financing Activities

$ 299,000,000

Common Class A | 1.375% Convertible Notes Bond Hedge Transaction

Debt Instrument [Line Items]

Securities Basket price per share | $ / shares

$ 44.58

Common Class A | Warrant transaction

Debt Instrument [Line Items]

Securities Basket price per share | $ / shares

44.58

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 61.16

Liberty Media Corporation | 2.25% Exchangeable Senior Debentures due 2046

Debt Instrument [Line Items]

Debt face amount

$ 445,000,000

Debt Instrument, Interest Rate, Stated Percentage

2.25%

Debt instrument interest rate

2.25%

Liberty Media Corporation | Time Warner, Inc. | 2.25% Exchangeable Senior Debentures due 2046

Debt Instrument [Line Items]

Shares underlying the debentures | shares

4,250,000

Liberty Media Corporation | Time Warner, Inc. | 2.25% Exchangeable Senior Debentures due 2046 | Senior Notes

Debt Instrument [Line Items]

Exchange Price of Shares Attributable to Debentures | $ / shares

$ 104.55

Liberty Media Corporation | 1.375% Convertible Notes Bond Hedge Transaction

Debt Instrument [Line Items]

Derivative, Price Risk Option Strike Price | $ / item

47.43

Liberty Media Corporation | Common Class A | 1.375% Cash Convertible Senior Notes due 2023

Debt Instrument [Line Items]

Debt instrument, face amount per debenture

$ 1,000

Debt Instrument, Convertible, Conversion Ratio

21.0859

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

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

$ 6,107,000,000

$ 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

1,847,000,000

1,978,000,000

$ 2,658,000,000

Repayments of Long-term Debt

1,471,000,000

1,038,000,000

1,266,000,000

Loss on extinguishment of debt

(24,000,000)

Liberty Sirius XM Group | Sirius XM Senior Secured Revolving Credit Facility

Debt Instrument [Line Items]

Long-term Debt

390,000,000

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

328,000,000

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

460,000,000

197,000,000

100,000,000

Repayments of Long-term Debt

$ 276,000,000

158,000,000

Liberty Braves Group | Common Class A

Debt Instrument [Line Items]

Securities basket conversion ratio from shares of Liberty Media Corporation common stock

0.10

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

2,108,590

2,292,037

Liberty Braves Group | Common Class A | Warrant transaction

Debt Instrument [Line Items]

Class of Warrant or Right, Outstanding | shares

2,108,590

2,292,037

Liberty Formula One Group

Debt Instrument [Line Items]

Long-term Debt

$ 1,583,000,000

1,033,000,000

Number of tracking stock shares received in the Recapitalization for one share of Liberty Media common stock | shares

0.25

Borrowings of debt

438,000,000

$ 38,000,000

Repayments of Long-term Debt

$ 2,000,000

$ 670,000,000

Liberty Formula One Group | Common Class A

Debt Instrument [Line Items]

Securities basket conversion ratio from shares of Liberty Media Corporation common stock

0.25

Liberty Formula One 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 Formula One Group | Common Class A | Warrant transaction

Debt Instrument [Line Items]

Class of Warrant or Right, Outstanding | shares

5,271,475

Liberty Formula One Group | Common Class C | Liberty 1% Cash Convertible Notes Due 2023

Debt Instrument [Line Items]

Debt Instrument, Convertible, Conversion Ratio

27.1091

conversion price for exchangeable debt | $ / shares

$ 36.89

Debt - Braves Holdings Notes (D

Debt - Braves Holdings Notes (Details) shares in Thousands, $ in Millions	Dec. 31, 2016USD ($)shares	Aug. 31, 2016USD ($)item	Dec. 31, 2015USD ($)item	Sep. 30, 2015USD ($)	Aug. 31, 2016USD ($)	Dec. 31, 2016USD ($)itemshares	Aug. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)a
Debt Instrument [Line Items]
Outstanding principal	$ 7,973					$ 7,973
Long-term Debt	$ 8,018		$ 6,881			8,018		$ 6,881
Borrowings of debt						2,745		2,213	$ 2,758
Related Party Transaction, Amounts of Transaction						$ 21		23	15
Fair Value of Assets Acquired									$ 1
Braves Holdings Term Loan
Debt Instrument [Line Items]
Effective interest rate	2.37%					2.37%
Braves Holdings Mixed Use Facility Credit Facilities Total
Debt Instrument [Line Items]
Outstanding principal	$ 63					$ 63
Effective interest rate	2.75%					2.75%
Braves Holdings Mixed Use Facility Credit Facilities Total | Time Warner Inc
Debt Instrument [Line Items]
Shares pledged as collateral under loan | shares	464					464
Share value	$ 45					$ 45
Term loan | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis					LIBOR
Debt instrument, unused borrowing capacity, fee, percent							0.35%
Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Construction and Development Costs						618
Cobb County Major League Baseball Ballpark | Braves Holdings Term Loan and Revolving Credit Facilities
Debt Instrument [Line Items]
Long-term Debt	70					70
Cobb County Major League Baseball Ballpark | Revolving Credit Facility | Braves Holdings Revolving Credit Facility One
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 85		$ 250			$ 85		250
Cobb County Major League Baseball Ballpark | Revolving Credit Facility | Braves Holdings Revolving Credit Facilities Total
Debt Instrument [Line Items]
Effective interest rate	1.88%					1.88%
Line of Credit Facility, Maximum Borrowing Capacity	$ 185					$ 185
Cobb County Ballpark Mixed Use Development
Debt Instrument [Line Items]
Expected cost of new facility						558
Construction and Development Costs						$ 309
Braves Holdings
Debt Instrument [Line Items]
Area of land acquired (in acres) | a									82
Braves Holdings | Braves Holdings Term Loan
Debt Instrument [Line Items]
Effective interest rate	3.80%					3.80%
Line of Credit	$ 5					$ 5
Braves Holdings | Braves Holdings Senior Secured Notes
Debt Instrument [Line Items]
Debt issuance amount		$ 200			$ 200		$ 200
Debt Instrument, Interest Rate, Stated Percentage		3.77%			3.77%		3.77%
Braves Holdings | Braves Holdings Entertainment Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	LIBOR
Debt Instrument, Basis Spread on Variable Rate	3.25%
Line of Credit Facility, Maximum Borrowing Capacity		$ 30			$ 30		$ 30
Extension Options on Credit Facilities | item		1
Braves Holdings | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Expected cost of new facility						672
Expected other costs and equipment						50
Braves Holdings | Cobb County Major League Baseball Ballpark | Braves Holdings Term Loan
Debt Instrument [Line Items]
Debt issuance amount		$ 130		$ 345	$ 130		$ 130
Braves Holdings | Cobb County Ballpark Mixed Use Development
Debt Instrument [Line Items]
Expected cost of new facility						$ 490
Number of Credit Facilities Partially Repaid | item		1
Number of credit facilities | item						2
Proceeds from equity issuance to fund new facility	$ 200
Proceeds from debt issuance to fund new facility	$ 290
Braves Holdings | Cobb County Ballpark Mixed Use Development | Braves Holdings Mixed Use Facility Credit Facilities Total
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					$ 207
Extension Options on Credit Facilities | item			2
Braves Holdings | Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Related Party Transaction, Amounts of Transaction				103
Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark
Debt Instrument [Line Items]
Expected cost of new facility						$ 392
Fair Value of Assets Acquired						$ 373
Cobb Marietta Coliseum And Exhibit Hall Authority | Cobb County Major League Baseball Ballpark | Bonds Payable
Debt Instrument [Line Items]
Debt issuance amount				$ 368
Minimum | Cobb County Major League Baseball Ballpark | Term loan | 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 | Braves Holdings Mixed Use Facility Credit Facilities Total
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maximum | Term loan | 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 | Braves Holdings Mixed Use Facility Credit Facilities Total
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.60%

Debt - Fair Value of Debt (Deta

Debt - Fair Value of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 1,546	$ 995
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	627
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	419
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	496
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	1,574
Sirius XM 5.375% Senior Notes Due 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	1,001
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	$ 979

Debt - Five Year Maturities (De

Debt - Five Year Maturities (Details) $ in Millions	Dec. 31, 2016USD ($)
Debt
2,017	$ 7
2,018	355
2,019	40
2,020	912
2,021	$ 607

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Expense (Benefit) [Abstract]
Federal	$ (39)	$ (17)	$ 18
State and local	(29)	(17)	7
Foreign		(1)
Current Income Tax Expense (Benefit)	(68)	(35)	25
Federal	(388)	(145)	(103)
State and local	(39)	(30)	12
Deferred Income Tax Expense (Benefit), Total	(427)	(175)	(91)
Income tax benefit (expense)	$ (495)	$ (210)	$ (66)

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate, Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Computed expected tax benefit (expense)	$ (497)	$ (160)	$ (161)
Liquidation of consolidated subsidiaries			107
Dividends received deductions	11	2	99
Taxable dividends not recognized for book purposes	(11)
Sale of subsidiary shares to subsidiary treated as a dividend for tax			(123)
State and local income taxes, net of federal income taxes	(46)	(1)	(4)
Federal tax credits	67
Change in valuation allowance affecting tax expense	(1)	(44)	(2)
Recognition of tax benefits not previously recognized, net			11
Other, net	(18)	(7)	7
Income tax (expense) benefit	$ (495)	$ (210)	$ (66)

Income Taxes - Tax Effects And

Income Taxes - Tax Effects And Reconciliation Of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred Income Taxes and Tax Credits [Abstract]
Net operating and capital loss carryforwards	$ 1,381	$ 1,795
Accrued stock compensation	136	140
Other accrued liabilities	102	76
Deferred revenue	761	729
Other future deductible amounts	20	7
Deferred tax assets	2,400	2,747
Valuation allowance	(50)	(49)
Net deferred tax assets	2,350	2,698
Investments	81	67
Fixed assets	330	313
Intangible assets	3,961	3,955
Discount on debt	3	30
Deferred tax liabilities	4,375	4,365
Net deferred tax liabilities	2,025	1,667
Valuation Allowances and Reserves, Period Increase (Decrease)	1
Income Tax Uncertainties [Abstract]
Unrecognized Tax Benefits, Beginning Balance	254	2	$ 30
Reduction for tax positions of prior years	(1)		(11)
Lapse in the statute of limitations			(17)
Increase in tax positions for current year	51
Increase in tax positions from prior years		252
Unrecognized Tax Benefits, Ending Balance	304	$ 254	$ 2
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	199
Unrecognized Tax Benefits Allowance	304
SIRIUS XM
Deferred Income Taxes and Tax Credits [Abstract]
Net operating and capital loss carryforwards	1,300
Operating Loss Carryforwards	3,200
Maximum
Income Tax Uncertainties [Abstract]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 1

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions	Jan. 24, 2017$ / shares	Nov. 30, 2016USD ($)	Oct. 26, 2016$ / shares	Oct. 16, 2016$ / shares	Jul. 23, 2014shares	Dec. 31, 2016USD ($)Vote / sharesshares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares
Preferred stock, shares issued						0	0
Stock Repurchased and Retired During Period, Shares						0	9,200,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $						$ 24	$ 40	$ 17
Payments for Repurchase of Common Stock | $							$ 350
Proceeds from Dividends Received | $						$ 16
Liberty Braves Group
Stock reserved for future issuance						1,300,000
Liberty Sirius XM Group
Stock reserved for future issuance						13,000,000
Common Class A
Votes per share | Vote / shares						1
Number of shares received in exchange for a share of Series B						1
Common Class B
Votes per share | Vote / shares						10
Common Class C
Votes per share | Vote / shares						0
Common Class C | Liberty Media Corporation
Number of Shares Issued During The Period For Each Share of Series A and Series B Stock Held By Shareholders Prior To The Distribution					2
SIRIUS XM
Stock Repurchased and Retired During Period, Shares						420,100,000	524,200,000	423,000,000
Payments for Repurchase of Common Stock | $						$ 1,700	$ 2,000	$ 1,400
SIRIUS XM | Quarterly
Common Stock, Dividends, Per Share, Declared | $ / shares	$ 0.01			$ 0.01
Dividend paid in cash | $		$ 48
Proceeds from Dividends Received | $		$ 32
SIRIUS XM | Annual
Common Stock, Dividends, Per Share, Declared | $ / shares			$ 0.04

Related Party Transactions wi68

Related Party Transactions with Officers and Directors (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
CEO
Employment agreement term	5 years
Officers' Compensation	$ 960,750
Annual base salary increase	5.00%
Annual target cash bonus	250.00%
Termination Benefits Scenario Without Cause Or Good Reason [Member] | CEO
Severance payment multiple	1.5
Pro rated severance payment	$ 11,750,000
Fixed severance payments	$ 17,500,000
Additional vesting added upon termination	18 months
Termination Benefits Scenario With No Good Reason [Member] | CEO
Pro rated severance payment	$ 11,750,000
Termination Benefits Scenario For Death Or Disability [Member] | CEO
Severance payment multiple	1.5
Pro rated severance payment	$ 11,750,000
Fixed severance payments	$ 17,500,000
Common Class C | Liberty Formula One Group
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		101
Common Stock, Par or Stated Value Per Share		$ 0.01
Performance Options And Performance Based Restricted Stock Units [Member] | CEO
Target Allocation [Abstract]
2,015			$ 16,000,000
2,016			17,000,000
2,017			18,000,000
2,018			19,000,000
2,019			$ 20,000,000
Maximum percentage of target awards issued for performance options and RSUs			50.00%
Performance Options And Performance Based Restricted Stock Units [Member] | Common Class C | Liberty Formula One Group | CEO
Term of option			7 years

Related Party Transactions wi69

Related Party Transactions with Officers and Directors - Chairman's Employment Agreement (Details) - Chairman - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2008	Dec. 31, 2009	Dec. 31, 2015
Deferred compensation installments	240 months	240 months
8% Plan
Accrued Interest Rate per Annum compounded annually from applicable date of deferral	8.00%
Deferred Compensation Liability, Current and Noncurrent	$ 2,400,000
Deferred Compensation Arrangement with Individual, Distributions Paid			$ 20,000
13% plan
Accrued Interest Rate per Annum compounded annually from applicable date of deferral	13.00%
Deferred Compensation Liability, Current and Noncurrent	$ 20,000,000
Deferred Compensation Arrangement with Individual, Distributions Paid			237,000
Salary Continuation Plan
Accrued Interest Rate per Annum compounded annually from applicable date of deferral		12.00%
Deferred Compensation Liability, Current and Noncurrent	$ 39,000,000
Base amount per month under salary continuation plan		$ 15,000
Deferred Compensation Arrangement with Individual, Distributions Paid			$ 164,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 23, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Total unrecognized compensation cost related to unvested equity awards		$ 42			$ 42
Weighted average period of recognition related to unvested equity awards (in years)		2 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value		$ 24	$ 40	$ 17
CEO | Common Class C
Options granted			420,000
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		$ 8.91
Restricted stock granted		39,000
Restricted stock weighted average grant-date fair value		$ 37.76			$ 37.76
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		98,700,000			98,700,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0.00%	0.00%	0.00%
Minimum | 2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		7 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					4 years 7 months 6 days
Maximum | 2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					6 years 8 months 12 days
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		22.60%	24.70%	28.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum		26.80%	36.70%	31.30%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value		$ 7	$ 2	$ 1
Liberty Sirius XM Group
Common Stock, Capital Shares Reserved for Future Issuance		13,000,000			13,000,000
Liberty Sirius XM Group | Common Class C
Options granted		415,000
Liberty Sirius XM Group | 2013 Plan | Common Class C
Options granted		415,000
Weighted average grant-date fair value		$ 7.50
Liberty Sirius XM Group | Employee Stock Option | 2013 Plan | Common Class C
Options granted		415,000
Weighted average grant-date fair value		$ 7.50
Liberty Sirius XM Group | Restricted Stock
Restricted stock weighted average grant-date fair value		$ 21.83			$ 21.83
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		282,000			282,000
Liberty Braves Group
Common Stock, Capital Shares Reserved for Future Issuance		1,300,000			1,300,000
Liberty Braves Group | Common Class C
Options granted		41,000
Liberty Braves Group | 2013 Plan | Common Class C
Options granted		41,000
Weighted average grant-date fair value		$ 3.79
Liberty Braves Group | Employee Stock Option | 2013 Plan | Common Class C
Options granted		41,000
Weighted average grant-date fair value		$ 3.79
Liberty Braves Group | Restricted Stock
Restricted stock weighted average grant-date fair value		$ 16.17			$ 16.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		29,000			29,000
Liberty Media Corporation | Common Class C
Number of Shares Issued During The Period For Each Share of Series A and Series B Stock Held By Shareholders Prior To The Distribution	2
Options granted		785,000	2,500,000
Liberty Media Corporation | Common Class C | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Options granted			676,000
Weighted average grant-date fair value			$ 10.86
Liberty Media Corporation | Common Class C | Tranche Two
Options granted			1,300,000
Weighted average grant-date fair value			$ 15.52
Liberty Media Corporation | CEO
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Liberty Media Corporation | CEO | Common Class C
Options granted				3,300,000
Weighted average grant-date fair value			$ 12.15
Restricted stock granted			34,000
Restricted stock weighted average grant-date fair value			$ 38.20
Liberty Media Corporation | December 31 2019 and December 31 2020 | Common Class C | Tranche Two
Vesting percentage			50.00%
Liberty Media Corporation | 2013 Plan | Common Class C
Options granted		10,000
Weighted average grant-date fair value		$ 8.33
Liberty Media Corporation | Employee Stock Option | 2013 Plan | Common Class A
Options granted				1,000
Weighted average grant-date fair value				$ 38.86
Liberty Media Corporation | Employee Stock Option | 2013 Plan | Common Class C
Options granted		785,000	2,476,000	3,359,000
Weighted average grant-date fair value		$ 8.90	$ 13.37	$ 11.09
Liberty Formula One Group
Common Stock, Capital Shares Reserved for Future Issuance		3,100,000			3,100,000
Liberty Formula One Group | Common Class C
Options granted		101,000
Liberty Formula One Group | 2013 Plan | Common Class C
Options granted		101,000
Weighted average grant-date fair value		$ 4.89
Liberty Formula One Group | Employee Stock Option | 2013 Plan | Common Class C
Options granted		101,000
Weighted average grant-date fair value		$ 4.89
Liberty Formula One Group | Restricted Stock
Restricted stock weighted average grant-date fair value		$ 19.04			$ 19.04
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		87,000			87,000

Stock-Based Compensation - Libe

Stock-Based Compensation - Liberty - Outstanding Awards (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common Class B
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options, Ending Balance	0
Liberty Sirius XM Group | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options exercised	(217,000)
Recapitalization adjustment	2,235,000
Outstanding options, Ending Balance	2,018,000
Exercisable options	1,991,000
Recapitalization adjustment WAEP	$ 19.33
WAEP exercised	18.78
Outstanding WAEP, End of period	19.39
Exercisable WAEP	$ 19.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 30
Liberty Sirius XM Group | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	415,000
Options exercised	(556,000)
Options forfeited/cancelled	(5,000)
Recapitalization adjustment	11,154,000
Outstanding options, Ending Balance	11,008,000
Exercisable options	5,361,000
Recapitalization adjustment WAEP	$ 25.34
WAEP granted	31.97
WAEP exercised	18.98
Forfeited/Cancelled, WAEP	30.37
Outstanding WAEP, End of period	25.91
Exercisable WAEP	$ 22.23
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	4 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 63
Liberty Sirius XM Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	415,000
Liberty Sirius XM Group | Employee Stock Option | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	415,000
Liberty Braves Group | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options exercised	(18,000)
Recapitalization adjustment	207,000
Outstanding options, Ending Balance	189,000
Exercisable options	186,000
Recapitalization adjustment WAEP	$ 11.30
WAEP exercised	11.34
Outstanding WAEP, End of period	11.30
Exercisable WAEP	$ 11.26
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 2
Liberty Braves Group | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	41,000
Options exercised	(39,000)
Recapitalization adjustment	1,071,000
Outstanding options, Ending Balance	1,073,000
Exercisable options	518,000
Recapitalization adjustment WAEP	$ 14.74
WAEP granted	15.93
WAEP exercised	11.12
Outstanding WAEP, End of period	14.92
Exercisable WAEP	$ 12.94
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	4 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 4
Liberty Braves Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	41,000
Liberty Braves Group | Employee Stock Option | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	41,000
Liberty Formula One Group | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options exercised	(64,000)
Recapitalization adjustment	519,000
Outstanding options, Ending Balance	455,000
Exercisable options	449,000
Recapitalization adjustment WAEP	$ 11.56
WAEP exercised	11.63
Outstanding WAEP, End of period	11.55
Exercisable WAEP	$ 11.51
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 9
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 9
Liberty Formula One Group | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	101,000
Options exercised	(165,000)
Recapitalization adjustment	2,675,000
Outstanding options, Ending Balance	2,611,000
Exercisable options	1,227,000
Recapitalization adjustment WAEP	$ 14.73
WAEP granted	20.45
WAEP exercised	11.14
Outstanding WAEP, End of period	15.18
Exercisable WAEP	$ 13.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	4 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 42
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 22
Liberty Formula One Group | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	101,000
Liberty Formula One Group | Employee Stock Option | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	101,000
Liberty Media Corporation | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options, Beginning Balance	2,360,000
Options exercised	(159,000)
Recapitalization adjustment	(2,201,000)
Outstanding options, Ending Balance		2,360,000
Outstanding WAEP, Beginning of period	$ 23.36
Recapitalization adjustment WAEP	23.41
WAEP exercised	$ 22.73
Outstanding WAEP, End of period		$ 23.36
Liberty Media Corporation | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding options, Beginning Balance	10,613,000
Options granted	785,000	2,500,000
Options exercised	(371,000)
Options forfeited/cancelled	(1,000)
Recapitalization adjustment	(11,026,000)
Outstanding options, Ending Balance		10,613,000
Outstanding WAEP, Beginning of period	$ 30.09
Recapitalization adjustment WAEP	30.88
WAEP granted	37.66
WAEP exercised	22.50
Forfeited/Cancelled, WAEP	$ 36.95
Outstanding WAEP, End of period		$ 30.09
Liberty Media Corporation | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	10,000
Liberty Media Corporation | Employee Stock Option | 2013 Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted			1,000
Liberty Media Corporation | Employee Stock Option | 2013 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	785,000	2,476,000	3,359,000

Stock-Based Compensation - SIRI

Stock-Based Compensation - SIRIUS XM (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
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 1 month 6 days
Stock-based compensation	$ 150	$ 204	$ 217
Total unrecognized compensation cost related to unvested equity awards	$ 42
SIRIUS XM
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	$ 109	$ 157	$ 148
SIRIUS XM | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options granted	55.2
WAEP granted	$ 4.14
Outstanding options	332.6
Exercisable options	126.6
Outstanding WAEP	$ 3.50
Exercisable WAEP	$ 2.82
Outstanding options, aggregate intrinsic value	$ 316
Exercisable Options, Aggregate Intrinsic Value	$ 210
Weighted average grant-date fair value	$ 0.81
Weighted average volatility rate	22.00%	29.00%	33.00%
Total unrecognized compensation cost related to unvested equity awards	$ 266
SIRIUS XM | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Restricted stock granted	18.5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 4.21

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Employee Benefit Plans
Defined Benefit Plan, Contributions by Employer	$ 13	$ 15	$ 11

Other Comprehensive Earnings 74

Other Comprehensive Earnings (loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	$ 18,131	$ 20,176	$ 23,882
Distribution to stockholders for Spin-Off			(2,541)
Balance	17,716	18,131	20,176
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(51)	(21)	4
Other comprehensive earnings (loss) attributable to Liberty stockholders	(11)	(30)	(17)
Distribution to stockholders for Spin-Off			(8)
Balance	(62)	(51)	(21)
Accumulated other comprehensive income, other [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(18)	(11)	(1)
Other comprehensive earnings (loss) attributable to Liberty stockholders	(13)	(7)	(9)
Balance	(31)	(18)	(11)
Accumulated Foreign Currency Translation Adjustment [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(23)
Other comprehensive earnings (loss) attributable to Liberty stockholders	1	(23)
Balance	(22)	(23)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(10)	(10)	5
Other comprehensive earnings (loss) attributable to Liberty stockholders	1		(8)
Balance	$ (9)	$ (10)	(10)
Liberty Broadband | Accumulated Other Comprehensive Income (Loss) | Spinoff
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Distribution to stockholders for Spin-Off			(8)
Liberty Broadband | Accumulated other comprehensive income, other [Member] | Spinoff
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Distribution to stockholders for Spin-Off			(1)
Liberty Broadband | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Spinoff
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Distribution to stockholders for Spin-Off			$ (7)

Other Comprehensive Earnings 75

Other Comprehensive Earnings (Loss) - Tax Effects of Components of OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Comprehensive Income (Loss), before Tax	$ (16)	$ (77)	$ (27)
Other Comprehensive Income (Loss), Tax	6	28	10
Other Comprehensive Income (Loss), Net of Tax	(10)	(49)	(17)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Other Comprehensive Income (Loss), before Tax			(13)
Other Comprehensive Income (Loss), Tax			5
Other Comprehensive Income (Loss), Net of Tax			(8)
Accumulated Foreign Currency Translation Adjustment [Member]
Other Comprehensive Income (Loss), before Tax	(16)	(77)	(14)
Other Comprehensive Income (Loss), Tax	6	28	5
Other Comprehensive Income (Loss), Net of Tax	$ (10)	$ (49)	$ (9)

Commitments And Contingencies76

Commitments And Contingencies (Details) € in Millions, $ in Millions	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Feb. 29, 2016USD ($)	Jun. 30, 2015USD ($)	Aug. 31, 2013USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)customer	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jan. 17, 2013EUR (€)	Jun. 25, 2012EUR (€)
Loss Contingencies [Line Items]
Legal settlement, net							$ 511
Litigation Settlement, Expense							(465)	$ 108
Revenue share and royalties							1,109	1,035	$ 810
Operating Leases, Future Minimum Payments Due [Abstract]
Operating Leases, Rent Expense							52	53	$ 52
2,017	$ 50					$ 50	50
2,018	52					52	52
2,019	47					47	47
2,020	45					45	45
2,021	37					37	37
Thereafter	324					324	324
SIRIUS XM
Loss Contingencies [Line Items]
Revenue share and royalties						46		108
Estimate of amounts payable for rights to future programming year one	312					312	312
Estimate of amounts payable for rights to future programming year two	285					285	285
Estimate of amounts payable for rights to future programming year three	262					262	262
Estimate of amounts payable for rights to future programming year four	223					223	223
Estimated Amounts Payable for rights to Future Programming year five	154					154	154
Vivendi Universal SA Suit [Member]
Loss Contingencies [Line Items]
Gain Contingency, Unrecorded Amount | €											€ 765
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
Number of customers | customer							200
Percentage of customers							0.002%
Capitol Records Case [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Litigation Settlement, Amount		$ 210		$ 210
Percentage of pre-1972 recordings owned or controlled by the plaintiffs		85.00%
Litigation Settlement, Expense				$ 108
Deferred litigation settlement expense	43
Capitol Records Case [Member] | SIRIUS XM | Revenue Share And Royalties
Loss Contingencies [Line Items]
Litigation Settlement, Expense							$ 40	$ 19
Including prejudgment interest | Vivendi Universal SA Suit [Member]
Loss Contingencies [Line Items]
Gain Contingency, Unrecorded Amount | €										€ 945
Braves Holdings
Loss Contingencies [Line Items]
Compensation guarantee aggregate total	278					278	278
Amounts payable under guarantee in 2017	100					100	100
Amounts payable under guarantee in 2018	78					78	78
Amounts payable under guarantee in 2019	40					40	40
Amounts payable under guarantee in 2020	29					29	29
Amounts payable under guarantee in 2021	31					31	31
Minimum | SIRIUS XM
Loss Contingencies [Line Items]
Estimate of Possible Loss	0					0	0
Minimum | Pending Litigation | Sound exchange Lawsuit [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Damages sought					$ 50
Maximum | SIRIUS XM
Loss Contingencies [Line Items]
Estimate of Possible Loss	$ 70					$ 70	$ 70
Maximum | Pending Litigation | Sound exchange Lawsuit [Member] | SIRIUS XM
Loss Contingencies [Line Items]
Damages sought					$ 100

Information About Liberty's O77

Information About Liberty's Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net	$ 1,321	$ 1,385	$ 1,366	$ 1,204	$ 1,208	$ 1,284	$ 1,222	$ 1,081	$ 5,276	$ 4,795	$ 4,450
Adjusted OIBDA									1,773	1,628	1,417
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net									5,014	4,552	4,141
Adjusted OIBDA									1,838	1,660	1,466
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net									5,014	4,552	4,141
Adjusted OIBDA									1,853	1,660	1,466
Liberty Sirius XM Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Adjusted OIBDA									(15)
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net									262	243	250
Adjusted OIBDA									(20)	3	(6)
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net									262	243	250
Adjusted OIBDA									(20)	3	(6)
Liberty Formula One Group
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net											59
Adjusted OIBDA									(45)	(35)	(43)
Liberty Formula One Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Revenue, Net											59
Adjusted OIBDA									$ (45)	$ (35)	$ (43)

Information About Liberty's O78

Information About Liberty's Operating Segments - Other Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities And Reporting Information By Segment [Line Items]
Assets	$ 31,377	$ 29,798
Investments in affiliates, accounted for using the equity method	1,117	1,115
Capital expenditures	568	296	$ 194
Elimination
Operating Activities And Reporting Information By Segment [Line Items]
Assets	(217)	(4)
Liberty Sirius XM Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	27,051	27,001
Investments in affiliates, accounted for using the equity method	164	153
Capital expenditures	206	135	126
Liberty Sirius XM Group | SIRIUS XM
Operating Activities And Reporting Information By Segment [Line Items]
Assets	26,978	27,001
Investments in affiliates, accounted for using the equity method	164	153
Capital expenditures	206	135
Liberty Sirius XM Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	73
Liberty Braves Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	1,548	849
Investments in affiliates, accounted for using the equity method	61	39
Capital expenditures	360	128	66
Liberty Braves Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	1,548	849
Investments in affiliates, accounted for using the equity method	61	39
Capital expenditures	360	128
Liberty Formula One Group
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,995	1,952
Investments in affiliates, accounted for using the equity method	892	923
Capital expenditures	2	33	$ 2
Liberty Formula One Group | Corporate And Other
Operating Activities And Reporting Information By Segment [Line Items]
Assets	2,995	1,952
Investments in affiliates, accounted for using the equity method	892	923
Capital expenditures	$ 2	$ 33

Information About Liberty's O79

Information About Liberty's Operating Segments - Reconciliation Of Segment Adjusted OIBDA (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Information About Liberty's Operating Segments
Consolidated segment Adjusted OIBDA									$ 1,773	$ 1,628	$ 1,417
Litigation Settlement, Expense									(465)	108
Stock-based compensation									(150)	(204)	(217)
Depreciation and amortization									(354)	(362)	(359)
Operating income (loss)	$ 273	$ 352	$ 328	$ 781	$ 217	$ 321	$ 171	$ 245	1,734	954	841
Interest expense									(362)	(328)	(255)
Share of earnings (losses) of affiliates, net									14	(40)	(113)
Realized and unrealized gains (losses) on financial instruments, net									37	(140)	38
Other, net									(4)	12	(50)
Earnings (loss) from continuing operations before income taxes									$ 1,419	$ 458	$ 461

Quarterly Financial Informati80

Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue, Net	$ 1,321	$ 1,385	$ 1,366	$ 1,204	$ 1,208	$ 1,284	$ 1,222	$ 1,081	$ 5,276	$ 4,795	$ 4,450
Operating income	273	352	328	781	217	321	171	245	1,734	954	841
Net earnings (loss)	186	169	142	427	89	41	99	19	924	248	395
Net earnings (loss) attributable to Liberty Stockholders					$ 44	$ (22)	$ 61	$ (19)	680	64	178
Series A and Series B Liberty Capital common stock					$ 0.13	$ (0.07)	$ 0.18	$ (0.06)
Series A and Series B Liberty Capital common stock					$ 0.13	$ (0.07)	$ 0.18	$ (0.06)
Liberty Media Corporation
Net earnings (loss) attributable to Liberty Stockholders			$ 13	$ 364					$ 377	$ 64	$ 178
Series A and Series B Liberty Capital common stock			$ 0.04	$ 1.09					$ 1.13	$ 0.19	$ 0.52
Series A and Series B Liberty Capital common stock			$ 0.04	$ 1.08					$ 1.12	$ 0.19	$ 0.52
Liberty Sirius XM Group
Revenue, Net									$ 5,014	$ 4,552	$ 4,141
Operating income									1,352	1,073	1,004
Net earnings (loss)									657	443	448
Net earnings (loss) attributable to Liberty Stockholders	$ 119	$ 96	$ 82						$ 297	259	231
Series A and Series B Liberty Capital common stock	$ 0.36	$ 0.29	$ 0.24						$ 0.89
Series A and Series B Liberty Capital common stock	$ 0.35	$ 0.28	$ 0.24						$ 0.88
Liberty Braves Group
Revenue, Net									$ 262	243	250
Operating income									(61)	(38)	(47)
Net earnings (loss)									(62)	(20)	(24)
Net earnings (loss) attributable to Liberty Stockholders	$ (40)	$ (22)	$ 32						$ (30)	(20)	(24)
Series A and Series B Liberty Capital common stock	$ (0.82)	$ (0.45)	$ 0.89						$ (0.65)
Series A and Series B Liberty Capital common stock	$ (0.82)	$ (0.45)	$ 0.11						$ (0.65)
Liberty Formula One Group
Revenue, Net											59
Operating income									$ 443	(81)	(116)
Net earnings (loss)									329	(175)	(29)
Net earnings (loss) attributable to Liberty Stockholders	$ 40	$ 41	$ (45)						$ 36	$ (175)	$ (29)
Series A and Series B Liberty Capital common stock	$ 0.48	$ 0.49	$ (0.54)						$ 0.43
Series A and Series B Liberty Capital common stock	$ 0.47	$ 0.48	$ (0.54)						$ 0.42

Financial Information for Tra81

Financial Information for Tracking Stock Groups - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets, Current
Cash and cash equivalents	$ 562	$ 201	$ 681	$ 1,088
Trade and other receivables, net	240	247
Other current assets	227	243
Total current assets	1,029	691
Investments in available-for-sale securities and other cost investments	1,309	533
Investments in affiliates, accounted for using the equity method	1,117	1,115
Property and equipment, at cost	3,182	2,587
Accumulated depreciation	(830)	(708)
Property and equipment, net	2,352	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	1,072	1,097
Other assets	480	465
Total assets	31,377	29,798
Liabilities, Current [Abstract]
Accounts Payable and accrued liabilities	985	758
Current portion of debt	5	255
Deferred revenue	1,877	1,797
Other current liabilities	5	3
Total current liabilities	2,872	2,813
Long-term debt	8,013	6,626
Deferred income tax liabilities	2,025	1,667
Other liabilities	751	561
Total liabilities	13,661	11,667
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	11,756	10,933
Noncontrolling interests in equity of subsidiaries	5,960	7,198
Total liabilities and equity	31,377	29,798
Liberty Sirius XM Group
Assets, Current
Cash and cash equivalents	287	112	148	135
Trade and other receivables, net	223	235
Other current assets	206	215
Total current assets	716	562
Investments in affiliates, accounted for using the equity method	164	153
Property and equipment, at cost	2,079	1,984
Accumulated depreciation	(746)	(571)
Property and equipment, net	1,333	1,413
Goodwill	14,165	14,165
FCC licenses	8,600	8,600
Other	930	930
Intangible assets not subject to amortization	23,695	23,695
Intangible assets subject to amortization, net	998	1,027
Other assets	145	151
Total assets	27,051	27,001
Liabilities, Current [Abstract]
Intergroup payable (receivable)	5	116
Accounts Payable and accrued liabilities	827	717
Current portion of debt	5	255
Deferred revenue	1,833	1,769
Other current liabilities	3	3
Total current liabilities	2,673	2,860
Long-term debt	6,102	5,454
Deferred income tax liabilities	1,967	1,622
Other liabilities	278	268
Total liabilities	11,020	10,204
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	10,085	9,599
Noncontrolling interests in equity of subsidiaries	5,946	7,198
Total liabilities and equity	27,051	27,001
Liberty Braves Group
Assets, Current
Cash and cash equivalents	107	13	11	57
Trade and other receivables, net	15	9
Other current assets	17	10
Total current assets	139	32
Investments in available-for-sale securities and other cost investments	8	8
Investments in affiliates, accounted for using the equity method	61	39
Property and equipment, at cost	943	406
Accumulated depreciation	(13)	(44)
Property and equipment, net	930	362
Goodwill	180	180
Other	143	143
Intangible assets not subject to amortization	323	323
Intangible assets subject to amortization, net	73	70
Other assets	14	15
Total assets	1,548	849
Liabilities, Current [Abstract]
Intergroup payable (receivable)	(17)	25
Accounts Payable and accrued liabilities	141	24
Deferred revenue	44	28
Total current liabilities	168	77
Long-term debt	328	139
Deferred income tax liabilities	48	49
Redeemable intergroup interest	187
Other liabilities	417	233
Total liabilities	1,148	498
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	385	351
Noncontrolling interests in equity of subsidiaries	15
Total liabilities and equity	1,548	849
Liberty Formula One Group
Assets, Current
Cash and cash equivalents	168	76	$ 522	$ 896
Trade and other receivables, net	2	3
Other current assets	5	18
Total current assets	175	97
Intergroup interest in the Liberty Braves Group	187
Investments in available-for-sale securities and other cost investments	1,301	525
Investments in affiliates, accounted for using the equity method	892	923
Property and equipment, at cost	160	197
Accumulated depreciation	(71)	(93)
Property and equipment, net	89	104
Intangible assets subject to amortization, net	1
Other assets	350	303
Total assets	2,995	1,952
Liabilities, Current [Abstract]
Intergroup payable (receivable)	12	(141)
Accounts Payable and accrued liabilities	17	17
Other current liabilities	3
Total current liabilities	32	(124)
Long-term debt	1,583	1,033
Deferred income tax liabilities	39
Other liabilities	56	60
Total liabilities	1,710	969
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Attributable to Parent, Total	1,286	983
Noncontrolling interests in equity of subsidiaries	(1)
Total liabilities and equity	2,995	1,952
Elimination
Assets, Current
Other current assets	(1)
Total current assets	(1)
Intergroup interest in the Liberty Braves Group	(187)
Other assets	(29)	(4)
Total assets	(217)	(4)
Liabilities, Current [Abstract]
Other current liabilities	(1)
Total current liabilities	(1)
Deferred income tax liabilities	(29)	(4)
Redeemable intergroup interest	(187)
Total liabilities	(217)	(4)
Stockholders' Equity Attributable to Parent [Abstract]
Total liabilities and equity	$ (217)	$ (4)

Financial Information for Tra82

Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Subscriber revenue									$ 4,194	$ 3,807	$ 3,514
Other revenue									1,082	988	936
Total Revenue	$ 1,321	$ 1,385	$ 1,366	$ 1,204	$ 1,208	$ 1,284	$ 1,222	$ 1,081	5,276	4,795	4,450
Revenue share and royalties									1,109	1,035	810
Programming and content									354	267	262
Customer service and billing									387	380	373
Other									144	141	135
Subscriber acquisition costs									513	533	493
Other operating expense									306	262	304
Selling, general and administrative									886	861	873
Legal settlement, net									(511)
Depreciation and amortization									354	362	359
Total operating costs and expenses									3,542	3,841	3,609
Operating income (loss)	273	352	328	781	217	321	171	245	1,734	954	841
Other income (expense):
Interest expense									(362)	(328)	(255)
Share of earnings (losses) of affiliates, net									14	(40)	(113)
Realized and unrealized gains (losses) on financial instruments, net									37	(140)	38
Other, net									(4)	12	(50)
Total other income (expense)									(315)	(496)	(380)
Earnings (loss) from continuing operations before income taxes									1,419	458	461
Income tax (expense) benefit									(495)	(210)	(66)
Net earnings (loss)	186	169	142	$ 427	89	41	99	19	924	248	395
Less net earnings (losses) attributable to the noncontrolling interests									244	184	217
Net earnings (loss) attributable to Liberty stockholders					$ 44	$ (22)	$ 61	$ (19)	680	64	178
Net earnings (loss) attributable to Liberty stockholders									680
Liberty Sirius XM Group
Revenue:
Subscriber revenue									4,194	3,807	3,514
Other revenue									820	745	627
Total Revenue									5,014	4,552	4,141
Revenue share and royalties									1,109	1,035	810
Programming and content									354	267	262
Customer service and billing									387	380	373
Other									144	141	135
Subscriber acquisition costs									513	533	493
Other operating expense									82	73	71
Selling, general and administrative									761	728	679
Depreciation and amortization									312	322	314
Total operating costs and expenses									3,662	3,479	3,137
Operating income (loss)									1,352	1,073	1,004
Other income (expense):
Interest expense									(342)	(307)	(234)
Share of earnings (losses) of affiliates, net									13	(1)	5
Other, net									(25)
Total other income (expense)									(354)	(308)	(229)
Earnings (loss) from continuing operations before income taxes									998	765	775
Income tax (expense) benefit									(341)	(322)	(327)
Net earnings (loss)									657	443	448
Less net earnings (losses) attributable to the noncontrolling interests									244	184	217
Net earnings (loss) attributable to Liberty stockholders	119	96	82						297	259	231
Net earnings (loss) attributable to Liberty stockholders									413
Liberty Braves Group
Revenue:
Other revenue									262	243	250
Total Revenue									262	243	250
Other operating expense									224	189	210
Selling, general and administrative									67	61	58
Depreciation and amortization									32	31	29
Total operating costs and expenses									323	281	297
Operating income (loss)									(61)	(38)	(47)
Other income (expense):
Interest expense									(1)	(1)
Share of earnings (losses) of affiliates, net									9	9	10
Unrealized gains losses on intergroup interest									27
Realized and unrealized gains (losses) on financial instruments, net									1
Total other income (expense)									(18)	8	10
Earnings (loss) from continuing operations before income taxes									(79)	(30)	(37)
Income tax (expense) benefit									17	10	13
Net earnings (loss)									(62)	(20)	(24)
Net earnings (loss) attributable to Liberty stockholders	(40)	(22)	32						(30)	(20)	(24)
Net earnings (loss) attributable to Liberty stockholders									(62)
Liberty Formula One Group
Revenue:
Other revenue											59
Total Revenue											59
Other operating expense											23
Selling, general and administrative									58	72	136
Legal settlement, net									(511)
Depreciation and amortization									10	9	16
Total operating costs and expenses									(443)	81	175
Operating income (loss)									443	(81)	(116)
Other income (expense):
Interest expense									(19)	(20)	(21)
Share of earnings (losses) of affiliates, net									(8)	(48)	(128)
Unrealized gains losses on intergroup interest									(27)
Realized and unrealized gains (losses) on financial instruments, net									36	(140)	38
Other, net									21	12	(50)
Total other income (expense)									57	(196)	(161)
Earnings (loss) from continuing operations before income taxes									500	(277)	(277)
Income tax (expense) benefit									(171)	102	248
Net earnings (loss)									329	(175)	(29)
Net earnings (loss) attributable to Liberty stockholders	$ 40	$ 41	$ (45)						36	$ (175)	$ (29)
Net earnings (loss) attributable to Liberty stockholders									$ 329

Financial Information for Tra83

Financial Information for Tracking Stock Groups - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net earnings (loss)	$ 186	$ 169	$ 142	$ 427	$ 89	$ 41	$ 99	$ 19	$ 924	$ 248	$ 395
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization									354	362	359
Stock-based compensation									150	204	217
Share of (earnings) loss of affiliates, net									(14)	40	113
Realized and unrealized (gains) losses on financial instruments, net									(37)	140	(38)
Noncash interest expense									11	6	(34)
Losses (gains) on dilution of investment in affiliate										1	78
Gains (Losses) on Extinguishment of Debt									24
Deferred income tax expense (benefit)									427	175	91
Other, net									30	19	(12)
Changes in operating assets and liabilities
Current and other assets									25	(208)	(74)
Payables and other current liabilities									277	245	33
Net cash provided (used) by operating activities									2,171	1,232	1,128
Cash flows from investing activities:
Cash (paid) for acquisitions, net of cash acquired											(47)
Cash proceeds from dispositions of investments									62	175	247
Proceeds (payments) from settlement of financial instruments, net									(1)	(322)	(72)
Investments in and loans to cost and equity investees									(784)	(19)	(183)
Repayment of Notes Receivable from Related Parties									48		42
Capital expended for property and equipment									(568)	(296)	(194)
Purchases of short term investments and other marketable securities									(258)	(174)	(360)
Sales of short term investments and other marketable securities									273	358	176
Other investing activities, net									(36)	(8)	(20)
Net cash provided (used) by investing activities									(1,264)	(286)	(411)
Cash flows from financing activities:
Borrowings of debt									2,745	2,213	2,758
Repayments of debt									(1,749)	(1,196)	(1,936)
Cash provided by the Broadband Spin-Off											259
Repurchases of Liberty common stock										(350)
Shares repurchased by subsidiary									(1,674)	(2,018)	(2,157)
Proceeds from Liberty Braves common stock rights offering									203
Taxes paid in lieu of shares issued for stock-based compensation									(58)	(80)	(48)
Other financing activities, net									(13)	5
Net cash provided (used) by financing activities									(546)	(1,426)	(1,124)
Net increase (decrease) in cash and cash equivalents									361	(480)	(407)
Cash and cash equivalents at beginning of period				201				681	201	681	1,088
Cash and cash equivalents at end of period	562				201				562	201	681
Liberty Sirius XM Group
Cash flows from operating activities:
Net earnings (loss)									657	443	448
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization									312	322	314
Stock-based compensation									128	157	148
Share of (earnings) loss of affiliates, net									(13)	1	(5)
Noncash interest expense									6	6	(35)
Losses (gains) on dilution of investment in affiliate											2
Gains (Losses) on Extinguishment of Debt									24
Deferred income tax expense (benefit)									332	290	284
Intergroup tax allocation									(13)	(4)	30
Intergroup tax (payments) receipts									7
Other, net									21	15	19
Changes in operating assets and liabilities
Current and other assets									59	(220)	(20)
Payables and other current liabilities									184	212	57
Net cash provided (used) by operating activities									1,704	1,222	1,242
Cash flows from investing activities:
Cash (paid) for acquisitions, net of cash acquired											2
Repayment of Notes Receivable from Related Parties											32
Capital expended for property and equipment									(206)	(135)	(126)
Other investing activities, net									(4)
Net cash provided (used) by investing activities									(210)	(135)	(92)
Cash flows from financing activities:
Borrowings of debt									1,847	1,978	2,658
Repayments of debt									(1,471)	(1,038)	(1,266)
Intergroup (payments) receipts									58	9	(335)
Shares repurchased by subsidiary									(1,674)	(2,018)	(2,157)
Taxes paid in lieu of shares issued for stock-based compensation									(47)	(54)	(37)
Other financing activities, net									(32)
Net cash provided (used) by financing activities									(1,319)	(1,123)	(1,137)
Net increase (decrease) in cash and cash equivalents									175	(36)	13
Cash and cash equivalents at beginning of period				112				148	112	148	135
Cash and cash equivalents at end of period	287				112				287	112	148
Liberty Braves Group
Cash flows from operating activities:
Net earnings (loss)									(62)	(20)	(24)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization									32	31	29
Stock-based compensation									9	10	12
Share of (earnings) loss of affiliates, net									(9)	(9)	(10)
Unrealized gains losses on intergroup interest									27
Realized and unrealized (gains) losses on financial instruments, net									(1)
Noncash interest expense									5
Deferred income tax expense (benefit)									1	(6)	(7)
Intergroup tax allocation									(19)	(4)	(5)
Intergroup tax (payments) receipts									7	1	(10)
Other, net									11		(27)
Changes in operating assets and liabilities
Current and other assets									(17)	9	(53)
Payables and other current liabilities									105	33	11
Net cash provided (used) by operating activities									89	45	(84)
Cash flows from investing activities:
Cash proceeds from dispositions of investments										24
Investments in and loans to cost and equity investees									(20)
Repayment of Notes Receivable from Related Parties											10
Capital expended for property and equipment									(360)	(128)	(66)
Other investing activities, net									(33)	(9)	(6)
Net cash provided (used) by investing activities									(413)	(113)	(62)
Cash flows from financing activities:
Borrowings of debt									460	197	100
Repayments of debt									(276)	(158)
Intergroup (payments) receipts									16	31
Proceeds from Liberty Braves common stock rights offering									203
Other financing activities, net									15
Net cash provided (used) by financing activities									418	70	100
Net increase (decrease) in cash and cash equivalents									94	2	(46)
Cash and cash equivalents at beginning of period				13				11	13	11	57
Cash and cash equivalents at end of period	107				13				107	13	11
Liberty Formula One Group
Cash flows from operating activities:
Net earnings (loss)									329	(175)	(29)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization									10	9	16
Stock-based compensation									13	37	57
Share of (earnings) loss of affiliates, net									8	48	128
Unrealized gains losses on intergroup interest									(27)
Realized and unrealized (gains) losses on financial instruments, net									(36)	140	(38)
Noncash interest expense											1
Losses (gains) on dilution of investment in affiliate										1	76
Deferred income tax expense (benefit)									94	(109)	(186)
Intergroup tax allocation									32	8	(25)
Intergroup tax (payments) receipts									(14)	(1)	10
Other, net									(2)	4	(4)
Changes in operating assets and liabilities
Current and other assets									(17)	3	(1)
Payables and other current liabilities									(12)		(35)
Net cash provided (used) by operating activities									378	(35)	(30)
Cash flows from investing activities:
Cash (paid) for acquisitions, net of cash acquired											(49)
Cash proceeds from dispositions of investments									62	151	247
Proceeds (payments) from settlement of financial instruments, net									(1)	(322)	(72)
Investments in and loans to cost and equity investees									(764)	(19)	(183)
Repayment of Notes Receivable from Related Parties									48
Capital expended for property and equipment									(2)	(33)	(2)
Purchases of short term investments and other marketable securities									(258)	(174)	(360)
Sales of short term investments and other marketable securities									273	358	176
Other investing activities, net									1	1	(14)
Net cash provided (used) by investing activities									(641)	(38)	(257)
Cash flows from financing activities:
Borrowings of debt									438	38
Repayments of debt									(2)		(670)
Intergroup (payments) receipts									(74)	(40)	335
Cash provided by the Broadband Spin-Off											259
Repurchases of Liberty common stock										(350)
Taxes paid in lieu of shares issued for stock-based compensation									(11)	(26)	(11)
Other financing activities, net									4	5
Net cash provided (used) by financing activities									355	(373)	(87)
Net increase (decrease) in cash and cash equivalents									92	(446)	(374)
Cash and cash equivalents at beginning of period				$ 76				$ 522	76	522	896
Cash and cash equivalents at end of period	$ 168				$ 76				$ 168	$ 76	$ 522