Document And Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
6 Months Ended | |
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Jun. 30, 2015
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Jun. 30, 2014
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Entity Information [Line Items] | ||
Entity Registrant Name | CHARTER COMMUNICATIONS, INC. /MO/ | |
Entity Central Index Key | 0001091667 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | CHTR | |
Entity Current Reporting Status | Yes | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Voluntary Filers | No | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 112,022,583 | |
Entity Public Float | $ 12.3 |
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Statement of Comprehensive Income [Abstract] | ||||
Net loss | $ (122) | $ (45) | $ (203) | $ (82) |
Net impact of interest rate derivative instruments, net of tax | 2 | 5 | 5 | 11 |
Comprehensive loss | $ (120) | $ (40) | $ (198) | $ (71) |
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Organization and Basis of Presentation (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Basis of Presentation | Organization and Basis of Presentation Organization Charter Communications, Inc. (“Charter”) is a holding company whose principal asset is a 100% common equity interest in Charter Communications Holding Company, LLC (“Charter Holdco”). Charter owns cable systems through its subsidiaries, which are collectively, with Charter, referred to herein as the “Company.” All significant intercompany accounts and transactions among consolidated entities have been eliminated. The Company is a cable operator providing services in the United States. The Company offers to residential and commercial customers traditional cable video programming, Internet services, and voice services, as well as advanced video services such as video on demand, high definition television, and digital video recorder (“DVR”) service. The Company sells its cable video programming, Internet, voice, and advanced video services primarily on a subscription basis. The Company also sells local advertising on cable networks and on the Internet and provides fiber connectivity to cellular towers. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures typically included in Charter's Annual Report on Form 10-K have been condensed or omitted for this quarterly report. The accompanying condensed consolidated financial statements are unaudited and are subject to review by regulatory authorities. However, in the opinion of management, such financial statements include all adjustments, which consist of only normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. Interim results are not necessarily indicative of results for a full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant judgments and estimates include capitalization of labor and overhead costs; depreciation and amortization costs; valuations and impairments of property, plant and equipment, intangibles and goodwill; income taxes; contingencies and programming expense. Actual results could differ from those estimates. Certain prior period amounts, primarily merger and acquisition costs, have been reclassified to conform with the 2015 presentation. |
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Mergers and Acquisitions (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Business Combinations [Abstract] | |
Business Combination Disclosure | Acquisitions TWC Transaction On May 23, 2015, the Company entered into an Agreement and Plan of Mergers (the “Merger Agreement”) with Time Warner Cable Inc. ("TWC"), CCH I, LLC (“New Charter”), a wholly owned subsidiary of the Company; Nina Corporation I, Inc., Nina Company II, LLC, a wholly owned subsidiary of New Charter; and Nina Company III, LLC, a wholly owned subsidiary of New Charter, pursuant to which the parties will engage in a series of transactions that will result in Charter and TWC becoming wholly owned subsidiaries of New Charter (the “TWC Transaction”), on the terms and subject to the conditions set forth in the Merger Agreement. After giving effect to the TWC Transaction, New Charter will be the new public company parent that will hold the operations of the combined companies. Upon consummation of the TWC Transaction, each outstanding share of TWC common stock (other than TWC stock held by Liberty Broadband Corporation ("Liberty") and Liberty Interactive Corporation (collectively, the "Liberty Parties")), will be converted into the right to receive $100 in cash and shares of New Charter Class A common stock ("New Charter common stock") equivalent to 0.5409 shares of Charter Class A common stock. Each stockholder of TWC will also have the option to elect to receive for each outstanding share of TWC common stock (other than TWC stock held by the Liberty Parties) $115 in cash and shares of New Charter common stock equivalent to 0.4562 shares of Charter common stock. Upon consummation of the TWC Transaction, each share of TWC common stock held by the Liberty Parties will be converted into New Charter common stock. The total enterprise value of TWC based on the estimated value of purchase price consideration is approximately $79 billion, including cash, equity and TWC debt to be assumed. The value of the consideration will fluctuate based on the number of shares outstanding and the market value of Charter's Class A common stock on the acquisition date, among other factors. In certain circumstances a termination fee may be payable by either Charter or TWC upon termination of the TWC Transaction as more fully described in the Merger Agreement. Bright House Transaction As previously announced, on March 31, 2015, the Company entered into a definitive Contribution Agreement (the “Contribution Agreement”), which was amended on May 23, 2015 in connection with the execution of the Merger Agreement, with Advance/Newhouse Partnership (“A/N”), A/NPC Holdings LLC, New Charter and Charter Communications Holdings, LLC (“Charter Holdings”), the Company's wholly owned subsidiary, pursuant to which Charter would become the owner of the membership interests in Bright House Networks, LLC (“Bright House”) and any other assets (other than certain excluded assets and liabilities and non-operating cash) primarily related to Bright House (the “Bright House Transaction”). At closing, Charter Holdings will pay to A/N approximately $2 billion in cash and issue to A/N convertible preferred units of Charter Holdings with a face amount of $2.5 billion which will pay a 6% coupon, and approximately 34.3 million common units of Charter Holdings that are exchangeable into New Charter common stock on a one-for-one basis with a value of approximately $6 billion. Liberty Transaction and Debt Financing for the TWC Transaction and Bright House Transaction Assuming that all TWC stockholders (excluding the Liberty Parties) elect the $100 per share cash option, the cash portion of the consideration for the TWC Transaction is expected to be approximately $28 billion and the cash portion of the Bright House Transaction is approximately $2 billion. In connection with the TWC Transaction, Charter and Liberty entered into an investment agreement, pursuant to which Liberty agreed to invest $4.3 billion in New Charter at the closing of the TWC transactions to partially finance the cash portion of the TWC Transaction consideration. In connection with the Bright House Transaction, Liberty agreed to purchase at the closing of the Bright House Transaction $700 million of New Charter Class A common stock (or, if the mergers are not consummated prior to the completion of the Bright House Transaction, Charter Class A common stock). Charter expects to finance the remaining cash portion of the purchase price of the TWC Transaction and Bright House Transaction with additional indebtedness. As discussed in Note 17, the Company has issued subsequent to June 30, 2015, $15.5 billion CCO Safari II, LLC ("CCO Safari II") senior secured notes and $3.8 billion CCO Safari III, LLC ("CCO Safari III") senior secured bank loans. To fund the remaining cash portions of the TWC Transaction and Bright House Transaction, Charter has remaining commitments of approximately $5.2 billion from banks to provide incremental senior secured term loan facilities and senior unsecured notes, as well as an incremental $1.7 billion revolving facility. In addition, the bank commitments provide for a $4.3 billion bridge facility if all TWC stockholders (other than the Liberty Parties) elect the $115 per share cash option, in the event Charter is unable to issue senior unsecured notes in advance of the closing of the TWC Transaction. Comcast Transactions On April 25, 2014, the Company entered into a binding definitive agreement (the “Comcast Transactions Agreement”) with Comcast Corporation (“Comcast”), which contemplated the following transactions: (1) an asset purchase, (2) an asset exchange and (3) a contribution and spin-off transaction (collectively, the “Comcast Transactions”). Pursuant to the terms of the Comcast Transactions Agreement, Comcast had the right to terminate the Comcast Transactions Agreement upon termination of the merger agreement among Comcast, TWC and Tango Acquisition Sub, Inc. (the “Comcast Merger Agreement”). On April 24, 2015, Comcast and TWC terminated the Comcast Merger Agreement, and Comcast delivered a notice of termination of the Comcast Transactions Agreement to Charter (the “Termination Notice”). As a result of the termination, proceeds from the issuance of $3.5 billion aggregate principal amount of CCOH Safari, LLC ("CCOH Safari") notes (the "CCOH Safari Notes") and $3.5 billion aggregate principal amount of CCO Safari, LLC ("CCO Safari") Term G Loans ("Term G Loans"), which were held in escrow and intended to fund the closing of the Comcast Transactions, were utilized to settle the related debt obligation in April 2015. |
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Franchises, Goodwill and Other Intangible Assets | Franchises, Goodwill and Other Intangible Assets As of June 30, 2015 and December 31, 2014, indefinite lived and finite-lived intangible assets are presented in the following table:
Amortization expense related to customer relationships and other intangible assets for the three and six months ended June 30, 2015 was $69 million and $138 million, respectively. Amortization expense related to customer relationships and other intangible assets for the three and six months ended June 30, 2014 was $76 million and $152 million, respectively. The Company expects amortization expense on its finite-lived intangible assets will be as follows.
Actual amortization expense in future periods will differ from these estimates as a result of new intangible asset acquisitions or divestitures, changes in useful lives, impairments and other relevant factors. |
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Accounts Payable and Accrued Liabilities (Notes)
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Jun. 30, 2015
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Accounts Payable and Accrued Liabilities | Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following as of June 30, 2015 and December 31, 2014:
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Long-Term Debt (Notes)
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Jun. 30, 2015
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | Long-Term Debt Long-term debt consists of the following as of June 30, 2015 and December 31, 2014:
The accreted values presented above represent the principal amount of the debt less the original issue discount at the time of sale, plus the accretion to the balance sheet date. However, the amount that is currently payable if the debt becomes immediately due is equal to the principal amount of the debt. The Company has availability under its credit facilities of approximately $1.1 billion as of June 30, 2015 and as such, debt maturing in the next twelve months is classified as long-term. In April 2015, CCO Holdings, LLC ("CCO Holdings") and CCO Holdings Capital Corp. closed on transactions in which they issued $1.15 billion aggregate principal amount of 5.125% senior unsecured notes due 2023 (the "2023 Notes"), $750 million aggregate principal amount of 5.375% senior unsecured notes due 2025 (the "2025 Notes") and $800 million aggregate principal amount of 5.875% senior unsecured notes due 2027 (the "2027 Notes" and collectively, the “Notes”). The net proceeds from the issuance of the 2023 Notes and 2025 Notes were used to finance tender offers and a subsequent call in which $1.0 billion aggregate principal amount of CCO Holdings' outstanding 7.250% senior notes due 2017 and $700 million aggregate principal amount of CCO Holdings' outstanding 8.125% senior notes due 2020 were repurchased, as well as for general corporate purposes. The net proceeds from the issuance of the 2027 Notes were used to call $800 million of the $1.4 billion aggregate principal amount of CCO Holdings' outstanding 7.000% senior notes due 2019. These debt repurchases resulted in a loss on extinguishment of debt of $123 million for the three and six months ended June 30, 2015. The payment obligations under the Notes are guaranteed on a senior unsecured basis by Charter, which guarantee will be released upon completion of the Bright House Transaction. They are senior debt obligations of CCO Holdings and CCO Holdings Capital Corp. and rank equally with all other current and future unsecured, unsubordinated obligations of CCO Holdings and CCO Holdings Capital Corp. The Notes are structurally subordinated to all obligations of subsidiaries of CCO Holdings, including the Charter Communications Operating, LLC ("Charter Operating") credit facilities. CCO Holdings may redeem some or all of the Notes at any time at a premium. The optional redemption price declines to 100% of the respective series’ principal amount, plus accrued and unpaid interest, if any, on or after varying dates in 2021 through 2024. In addition, at any time prior to varying dates in 2018 through 2021, CCO Holdings may redeem up to 40% of the aggregate principal amount of the notes at a premium plus accrued and unpaid interest to the redemption date, with the net cash proceeds of one or more equity offerings (as defined in the indenture); provided that certain conditions are met. In the event of specified change of control events, CCO Holdings must offer to purchase the outstanding CCO Holdings notes from the holders at a purchase price equal to 101% of the total principal amount of the notes, plus any accrued and unpaid interest. See Note 2 for information regarding the repayment of the CCOH Safari Notes and CCO Safari's Term G Loans upon termination of the Comcast Transactions which resulted in a loss on extinguishment of debt of approximately $5 million for the three and six months ended June 30, 2015. See Note 17 for debt issuances subsequent to June 30, 2015 to fund the TWC Transaction and Bright House Transaction. |
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Common Stock (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |
Common Stock | Common Stock During the three and six months ended June 30, 2015, the Company withheld 38,482 and 115,152, respectively, shares of its common stock in payment of $7 million and $23 million, respectively, income tax withholding owed by employees upon vesting of restricted shares and restricted stock units. During the three and six months ended June 30, 2014, the Company withheld 37,602 and 115,436, respectively, shares of its common stock in payment of $6 million and $17 million, respectively, income tax withholding owed by employees upon vesting of restricted shares and restricted stock units. In December 2014, Charter's board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2014. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders' equity. |
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The entire disclosure for common stock. No definition available.
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Accounting for Derivative Instruments and Hedging Activities (Notes)
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Jun. 30, 2015
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounting for Derivative Instruments and Hedging Activities | Accounting for Derivative Instruments and Hedging Activities The Company uses interest rate derivative instruments to manage its interest costs and reduce the Company’s exposure to increases in floating interest rates. The Company manages its exposure to fluctuations in interest rates by maintaining a mix of fixed and variable rate debt. Using interest rate derivative instruments, the Company agrees to exchange, at specified intervals through 2017, the difference between fixed and variable interest amounts calculated by reference to agreed-upon notional principal amounts. The Company does not hold or issue derivative instruments for speculative trading purposes. The effect of interest rate derivatives on the Company’s condensed consolidated balance sheets is presented in the table below:
The Company holds interest rate derivative instruments not designated as hedges which are marked to fair value, with the impact recorded as a gain or loss on derivative instruments, net in the Company's condensed consolidated statements of operations. While these interest rate derivative instruments are not designated as cash flow hedges for accounting purposes, management continues to believe such instruments are closely correlated with the respective debt, thus managing associated risk. These interest rate derivative instruments were de-designated in 2013 and the balance that remains in accumulated other comprehensive loss for these interest rate derivative instruments is being amortized over the respective lives of the contracts and recorded as a loss within gain (loss) on derivative instruments, net in the Company's condensed consolidated statements of operations. The estimated net amount of existing losses that are reported in accumulated other comprehensive loss as of June 30, 2015 that is expected to be reclassified into earnings within the next twelve months is approximately $8 million. The effects of interest rate derivative instruments on the Company’s condensed consolidated statements of operations is presented in the table below.
As of June 30, 2015 and December 31, 2014, the Company had $1.1 billion and $1.4 billion, respectively, in notional amounts of interest rate derivative instruments outstanding. The notional amounts of interest rate instruments do not represent amounts exchanged by the parties and, thus, are not a measure of exposure to credit loss. The amounts exchanged were determined by reference to the notional amount and the other terms of the contracts. |
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Fair Value Measurements (Notes)
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Jun. 30, 2015
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements The accounting guidance establishes a three-level hierarchy for disclosure of fair value measurements, based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date, as follows:
Financial Assets and Liabilities The Company has estimated the fair value of its financial instruments as of June 30, 2015 and December 31, 2014 using available market information or other appropriate valuation methodologies. Considerable judgment, however, is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented in the accompanying condensed consolidated financial statements are not necessarily indicative of the amounts the Company would realize in a current market exchange. The carrying amounts of cash and cash equivalents, receivables, payables and other current assets and liabilities approximate fair value because of the short maturity of those instruments. The Company's restricted cash and cash equivalents were primarily invested in money market funds and 90-day or less commercial paper. The money market funds were valued at the closing price reported by the fund sponsor from an actively traded exchange and commercial paper was valued at cost plus the accretion of the discount on a yield to maturity basis, which approximated fair value. As of December 31, 2014, there were no significant concentrations of financial instruments in a single investee, industry or geographic location. The interest rate derivative instruments are valued using a present value calculation based on an implied forward LIBOR curve (adjusted for Charter Operating’s or counterparties’ credit risk). The weighted average pay rate for the Company’s currently effective interest rate derivative instruments was 1.61% and 1.87% at June 30, 2015 and December 31, 2014, respectively (exclusive of applicable spreads). The Company's financial instruments that are accounted for at fair value on a recurring basis are presented in the table below.
A summary of the carrying value and fair value of the Company’s debt at June 30, 2015 and December 31, 2014 is as follows:
The estimated fair value of the Company’s senior notes at June 30, 2015 and December 31, 2014 is based on quoted market prices in active markets and is classified within Level 1 of the valuation hierarchy, while the estimated fair value of the Company's credit facilities is based on quoted market prices in inactive markets and is classified within Level 2. Nonfinancial Assets and Liabilities The Company’s nonfinancial assets such as franchises, property, plant, and equipment, and other intangible assets are not measured at fair value on a recurring basis; however they are subject to fair value adjustments in certain circumstances, such as when there is evidence that an impairment may exist. No impairments were recorded during the three and six months ended June 30, 2015 and 2014. |
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Operating Costs and Expenses (Notes)
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Jun. 30, 2015
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Costs and Expenses | Operating Costs and Expenses Operating costs and expenses, exclusive of items shown separately in the condensed consolidated statements of operations, consist of the following for the periods presented:
Programming costs consist primarily of costs paid to programmers for basic, premium, digital, video on demand, and pay-per-view programming. Franchise, regulatory and connectivity costs represent payments to franchise and regulatory authorities and costs directly related to providing Internet and voice services. Costs to service customers include residential and commercial costs related to field operations, network operations and customer care including internal and third party labor for installations, service and repairs, maintenance, billing and collection, occupancy and vehicle costs. Marketing costs represents the costs of marketing to our current and potential commercial and residential customers including labor costs. Transition costs represent expenses incurred in connection with the TWC Transaction, Bright House Transaction and Comcast Transactions. See Note 2 for additional information. Other includes bad debt expense, corporate overhead, commercial and advertising sales expenses, property tax and insurance and stock compensation expense, among others. |
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Other Operating Expenses, Net (Notes)
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Jun. 30, 2015
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Operating Expenses, Net | Other Operating Expenses, Net Other operating expenses, net consist of the following for the periods presented:
Merger and acquisition costs Merger and acquisition costs represents costs incurred in connection with merger and acquisition transactions, such as advisory, legal and accounting fees, among others. Special charges, net Special charges, net, primarily includes severance charges and net amounts of litigation settlements. (Gain) loss on sale of assets, net (Gain) loss on sale of assets, net, represents the net gain or loss recognized on the sales and disposals of fixed assets and cable systems. |
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Income Taxes (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes All of Charter’s operations are held through Charter Holdco and its direct and indirect subsidiaries. Charter Holdco and the majority of its subsidiaries are generally limited liability companies that are not subject to income tax. However, certain of these limited liability companies are subject to state income tax. In addition, the indirect subsidiaries that are corporations are subject to federal and state income tax. All of the remaining taxable income, gains, losses, deductions and credits of Charter Holdco are passed through to Charter and its direct subsidiaries. For the three and six months ended June 30, 2015, the Company recorded $35 million and $70 million of income tax expense, respectively. For the three and six months ended June 30, 2014, the Company recorded $65 million and $129 million of income tax expense, respectively. Income tax expense is recognized primarily through increases in deferred tax liabilities related to the Company's investment in Charter Holdco, as well as through current federal and state income tax expense and increases in the deferred tax liabilities of certain of our indirect corporate subsidiaries. As of June 30, 2015 and December 31, 2014, the Company had net deferred income tax liabilities of approximately $1.7 billion and $1.6 billion, respectively. Included in net deferred income tax liabilities are net current deferred tax assets of $27 million and $26 million as of June 30, 2015 and December 31, 2014, respectively, which are included in prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets of the Company. Net deferred tax liabilities included approximately $242 million and $236 million at June 30, 2015 and December 31, 2014, respectively, relating to certain indirect subsidiaries of Charter Holdco that file separate federal or state income tax returns. The remainder of the Company's net deferred tax liability arose from Charter's investment in Charter Holdco, and was largely attributable to the characterization of franchises for financial reporting purposes as indefinite-lived. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be “more likely than not” of being sustained upon examination, based on their technical merits. There is considerable judgment involved in making such a determination. The Company did not have any unrecognized tax benefits as of June 30, 2015 or December 31, 2014. No tax years for Charter or Charter Holdco, for income tax purposes, are currently under examination by the IRS. Tax years ending 2011 through 2014 remain subject to examination and assessment. Years prior to 2011 remain open solely for purposes of examination of Charter’s loss and credit carryforwards. In July 2015, Charter elected to treat two of its wholly owned subsidiaries as disregarded entities for federal income tax purposes. Those subsidiaries hold two of the three partnership interests in Charter’s major asset holding partnership, Charter Holdco. As such, this election will result in a deemed liquidation of Charter Holdco solely for federal income tax purposes. It is expected that the deemed liquidation will result in a step-up in tax basis to Charter Holdco's intangible and tangible assets. The amount of the tax step-up and its allocation among Charter Holdco's assets will not be known until valuations are completed. The resulting impact to the Charter income tax provision, net of valuation allowance, is expected to be recorded as a discrete tax event during the three months ended September 30, 2015. |
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Related Party Transactions (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions On May 1, 2015, the Company acquired a 35% equity interest in ActiveVideo Networks ("AVN") for $55 million in cash representing the initial investment, a capital call and associated transaction fees. AVN is the developer of CloudTV, a cloud-based software platform enabling service providers, content aggregators, and consumer electronic manufacturers to deploy new services by virtualizing consumer premise equipment functions in the cloud. AVN’s software platform is one of the key technologies enabling the development and deployment of the Company’s cloud-based user interface, Spectrum Guide®. The Company applies the equity method of accounting to this investment which is recorded in other noncurrent assets in the condensed consolidated balance sheet as of June 30, 2015. For the three months ended June 30, 2015, the Company recorded equity losses of investee of less than $1 million. The Company has agreements with AVN which pre-date Charter's purchase of its AVN interest pursuant to which the Company made payments to AVN for software and application development services totaling approximately $1 million during the three months ended June 30, 2015. On May 23, 2015, in connection with the execution of the Merger Agreement and the amendment of the Contribution Agreement, Charter entered into the Amended and Restated Stockholders Agreement with Liberty, A/N and New Charter (the “Stockholders Agreement”). The Stockholders Agreement will replace Charter’s existing stockholders agreement with Liberty Broadband, dated September 29, 2014, and supersede the amended and restated stockholders agreement among Charter, New Charter, Liberty Broadband and A/N, dated March 31, 2015. Charter’s existing stockholders agreement with Liberty Broadband (as amended by an investment agreement between Liberty Broadband, Charter and New Charter, dated as of May 23, 2015) will remain in effect until the closing of the TWC Transaction or the Bright House Transaction, whichever occurs earlier, and, in the event the Stockholders Agreement is terminated, will revive and continue in full force and effect. See Note 2 for additional information. Certain provisions of the Stockholders Agreement became effective upon its execution. Under the terms of the Stockholders Agreement, the number of New Charter directors will be fixed at 13, and will include New Charter’s chief executive officer. Upon the closing of the Bright House Transaction, two designees selected by A/N and three designees selected by Liberty will become members of the board of directors of New Charter. The remaining eight directors (other than the chief executive officer, who is expected to become chairman of the board) will be independent directors selected by the nominating committee of the New Charter board by the approval of both a majority of the nominating committee and a majority of the directors that were not appointed by either A/N or Liberty. Thereafter, Liberty will be entitled to designate three nominees to be elected as directors and A/N will be entitled to designate two nominees to be elected as directors, in each case provided that each maintains certain specified voting or equity ownership thresholds, provided that each nominee must meet any applicable requirements or qualifications. Each of A/N and Liberty will be entitled to nominate at least one director to each of the committees of the Charter board of directors, subject to applicable stock exchange listing rules and certain specified voting or equity ownership thresholds for each of A/N and Liberty, and provided that the nominating and compensation committees will have at least a majority of directors independent from A/N, Liberty and New Charter (referred to as the “unaffiliated directors”). The nominating committee will be comprised of three unaffiliated directors, and one designee of each of A/N and Liberty. A/N and Liberty also will have certain other committee designation and other governance rights. Mr. Thomas Rutledge, the Company's Chief Executive Officer ("CEO"), will be offered the positions of CEO and chairman of New Charter. The Company is aware that Dr. John Malone, one of Charter's directors, may be deemed to have a 36.8% voting interest in Liberty Interactive Corp. (“Liberty Interactive”) and is Chairman of the board of directors, an executive officer position, of Liberty Interactive. Liberty Interactive owns 38.0% of the common stock of HSN, Inc. (“HSN”) and has the right to elect 20% of the board members of HSN. Liberty Interactive wholly owns QVC, Inc (“QVC”). The Company has programming relationships with HSN and QVC. For the three and six months ended June 30, 2015, the Company recorded payments in aggregate of approximately $5 million and $8 million, respectively, and for the three and six months ended June 30, 2014, the Company recorded payments in aggregate of approximately $3 million and $6 million, respectively, from HSN and QVC as part of channel carriage fees and revenue sharing arrangements for home shopping sales made to customers in the Company's footprint. Dr. Malone also serves on the board of directors of Discovery Communications, Inc., (“Discovery”) and the Company is aware that Dr. Malone owns 4.7% in the aggregate of the common stock of Discovery and has a 28.7% voting interest in Discovery for the election of directors. In addition, Dr. Malone owns approximately 10.8% in the aggregate of the common stock of Starz and has 47.2% of the voting power. Mr. Gregory Maffei, a member of Charter's board of directors, is a non-executive Chairman of the board of Starz. The Company purchases programming from both Discovery and Starz pursuant to agreements entered into prior to Dr. Malone and Mr. Maffei joining Charter's board of directors. Based on publicly available information, the Company does not believe that either Discovery or Starz would currently be considered related parties. The amounts paid in aggregate to Discovery and Starz represent less than 3% of total operating costs and expenses for the three and six months ended June 30, 2015 and 2014. |
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Contingencies (Notes)
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Jun. 30, 2015
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Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | Contingencies The Company is a defendant or co-defendant in several lawsuits involving alleged infringement of various patents relating to various aspects of its businesses. Other industry participants are also defendants in certain of these cases. In the event that a court ultimately determines that the Company infringes on any intellectual property rights, the Company may be subject to substantial damages and/or an injunction that could require the Company or its vendors to modify certain products and services the Company offers to its subscribers, as well as negotiate royalty or license agreements with respect to the patents at issue. While the Company believes the lawsuits are without merit and intends to defend the actions vigorously, no assurance can be given that any adverse outcome would not be material to the Company's consolidated financial condition, results of operations, or liquidity. The Company cannot predict the outcome of any such claims nor can it reasonably estimate a range of possible loss. The Company is party to lawsuits and claims that arise in the ordinary course of conducting its business, including lawsuits claiming violation of wage and hour laws. The ultimate outcome of these other legal matters pending against the Company cannot be predicted, and although such lawsuits and claims are not expected individually to have a material adverse effect on the Company’s consolidated financial condition, results of operations or liquidity, such lawsuits could have, in the aggregate, a material adverse effect on the Company’s consolidated financial condition, results of operations or liquidity. Whether or not the Company ultimately prevails in any particular lawsuit or claim, litigation can be time consuming and costly and injure the Company's reputation. |
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Stock Compensation Plans (Notes)
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Stock Compensation Plans | Stock Compensation Plans Charter’s 2009 Stock Incentive Plan provides for grants of nonqualified stock options, incentive stock options, stock appreciation rights, dividend equivalent rights, performance units and performance shares, share awards, phantom stock, restricted stock units and restricted stock. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting services for the Company, are eligible for grants under the 2009 Stock Incentive Plan. The Company granted the following equity awards for the periods presented.
Stock options granted prior to 2014 generally vest annually over three or four years from either the grant date or delayed vesting commencement dates. Stock options generally expire ten years from the grant date. Restricted stock vests annually over a one to four-year period beginning from the date of grant. Certain stock options and restricted stock vest based on achievement of stock price hurdles. Restricted stock units have no voting rights, and restricted stock units granted prior to 2014 vest ratably over three or four years from either the grant date or delayed vesting commencement dates. Stock options and restricted stock units granted in 2014 and 2015 cliff vest over three years. As of June 30, 2015, total unrecognized compensation remaining to be recognized in future periods totaled $114 million for stock options, $6 million for restricted stock and $40 million for restricted stock units and the weighted average period over which they are expected to be recognized is 2 years for stock options, 1 year for restricted stock and 2 years for restricted stock units. The Company recorded $19 million and $38 million of stock compensation expense for the three and six months ended June 30, 2015, respectively, and $15 million and $27 million of stock compensation expense for the three and six months ended June 30, 2014, respectively, which is included in operating costs and expenses. |
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Consolidating Schedules (Notes)
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Jun. 30, 2015
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Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidating Schedules | Consolidating Schedules The CCO Holdings notes are obligations of CCO Holdings. However, the CCO Holdings notes are also jointly, severally, fully and unconditionally guaranteed on an unsecured senior basis by Charter. The Charter Operating and Restricted Subsidiaries column is presented as a requirement pursuant to the terms of Charter Operating’s Amended and Restated Credit Agreement dated April 11, 2012 (the “Credit Agreement”). The CCOH Safari Notes were obligations of CCOH Safari. The Unrestricted Subsidiary - CCO Safari column is a Non-Recourse Subsidiary under the Charter Operating credit agreement that held the Term G Loans. The CCOH Safari Notes and the Term G Loans were repaid in April 2015 upon receiving the Termination Notice. See Note 2 for additional information. The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Affiliates Whose Securities Collateralize an Issue Registered or Being Registered. This information is not intended to present the financial position, results of operations and cash flows of the individual companies or groups of companies in accordance with generally accepted accounting principles. Condensed consolidating financial statements as of June 30, 2015 and December 31, 2014 and for the six months ended June 30, 2015 and 2014 follow.
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Recently Issued Accounting Standards (Notes)
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6 Months Ended |
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Jun. 30, 2015
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New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recently Issued Accounting Standards | Recently Issued Accounting Standards In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"), which is a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers, which steps are to (1) identify the contract(s) with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when each performance obligation is satisfied. More specifically, revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. ASU 2014-09 will be effective, reflecting the one-year deferral, for interim and annual periods beginning after December 15, 2017 (January 1, 2018 for the Company). Early adoption of the standard is permitted but not before the original effective date. Companies can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently in the process of evaluating the impact that the adoption of ASU 2014-09 will have on its consolidated financial statements and the selected method of transition to the new standard. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which requires the cost of issuing debt to no longer be recorded as a separate asset but rather to be presented on the balance sheet as a direct reduction to the carrying value of the related debt liability, similar to the presentation of debt discounts. ASU 2015-03 will be effective for interim and annual periods beginning after December 15, 2015 (January 1, 2016 for the Company) including retrospective conforming presentation of prior periods presented. Early adoption of the standard is permitted. While the adoption of this standard will impact the presentation on the Company’s balance sheet, it will not affect the Company’s results of operations, financial condition or cash flows. In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"), which provides guidance in determining whether fees for purchasing cloud computing services (or hosted software solutions) are considered internal-use software or should be considered a service contract. The cloud computing agreement that includes a software license should be accounted for in the same manner as internal-use software if customer has contractual right to take possession of the software during the hosting period without significant penalty and it is feasible to either run the software on customer’s hardware or contract with another vendor to host the software. Arrangements that don’t meet the requirements for internal-use software should be accounted for as a service contract. ASU 2015-05 will be effective for interim and annual periods beginning after December 15, 2015 (January 1, 2016 for the Company). Early adoption of the standard is permitted. The Company is currently in the process of evaluating the impact that the adoption of ASU 2015-05 will have on its consolidated financial statements. |
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Subsequent Events (Notes)
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6 Months Ended |
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Jun. 30, 2015
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Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events In July 2015, CCO Safari II, a wholly owned subsidiary of the Company, closed on transactions in which it issued $15.5 billion in aggregate principal amount of senior secured notes comprised of $2.0 billion aggregate principal amount of 3.579% senior secured notes due 2020, $3.0 billion aggregate principal amount of 4.464% senior secured notes due 2022, $4.5 billion aggregate principal amount of 4.908% senior secured notes due 2025, $2.0 billion aggregate principal amount of 6.384% senior secured notes due 2035, $3.5 billion aggregate principal amount of 6.484% senior secured notes due 2045 and $500 million aggregate principal amount of 6.834% senior notes due 2055 (collectively, the “CCO Safari II Notes”). The net proceeds from the issuance of the CCO Safari II Notes were deposited into an escrow account and will be used to partially finance the TWC Transaction as well as for general corporate purposes. The release of the proceeds to the Company is subject to satisfaction of certain conditions, including the closing of the TWC Transaction. Upon release of the proceeds, CCO Safari II will merge into Charter Operating and the CCO Safari II Notes will become obligations of Charter Operating and Charter Communications Operating Capital Corp. In July 2015, Charter Operating entered into a new term loan H facility ("Term H Loan") and a new term loan I facility ("Term I Loan") totaling an aggregate principal amount of $3.8 billion pursuant to the terms of the Credit Agreement (collectively, the "New Term Loan Facilities"). The Term H Loan was issued at a principal amount of $1.0 billion and matures in 2021. Pricing on the Term H Loan was set at LIBOR plus 2.50% with a LIBOR floor of 0.75% and issued at a price of 99.75% of the aggregate principal amount. The Term I Loan was issued at a principal amount of $2.8 billion and matures in 2023. Pricing on the Term I Loan was set at LIBOR plus 2.75% with a LIBOR floor of 0.75% and issued at a price of 99.75% of the aggregate principal amount. The New Term Loan Facilities form a portion of the debt financing to be used to fund the cash portion of the TWC Transaction. Charter Operating will assign all of its obligations with respect to the New Term Loan Facilities and will transfer all of the proceeds from the New Term Loan Facilities to CCO Safari III, which is considered a Non-Recourse Subsidiary under the Credit Agreement, and CCO Safari III will place the funds in escrow pending the closing of the TWC Transaction, at which time, subject to certain conditions, Charter Operating will re-assume the obligations in respect of the New Term Loan Facilities under the Credit Agreement. |
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Accounting for Derivative Instruments and Hedging Activities (Policies)
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6 Months Ended |
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Jun. 30, 2015
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Accounting for Derivative Instruments and Hedging Activities | The Company uses interest rate derivative instruments to manage its interest costs and reduce the Company’s exposure to increases in floating interest rates. The Company manages its exposure to fluctuations in interest rates by maintaining a mix of fixed and variable rate debt. Using interest rate derivative instruments, the Company agrees to exchange, at specified intervals through 2017, the difference between fixed and variable interest amounts calculated by reference to agreed-upon notional principal amounts. The Company does not hold or issue derivative instruments for speculative trading purposes. |
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Franchises, Goodwill and Other Intangible Assets (Tables)
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Indefinite-lived and finite-lived intangible assets | As of June 30, 2015 and December 31, 2014, indefinite lived and finite-lived intangible assets are presented in the following table:
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Expected future amortization expense on finite-lived intangible assets | The Company expects amortization expense on its finite-lived intangible assets will be as follows.
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Accounts Payable and Accrued Liabilities (Tables)
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6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Accounts Payable and Accrued Liabilities, Current [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities consist of the following as of June 30, 2015 and December 31, 2014:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Long-Term Debt (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | Long-term debt consists of the following as of June 30, 2015 and December 31, 2014:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Accounting for Derivative Instruments and Hedging Activities (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of derivative instruments effect on the Company's condensed consolidated balance sheets | The effect of interest rate derivatives on the Company’s condensed consolidated balance sheets is presented in the table below:
|
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Schedule of derivative instruments effect on the Company's condensed consolidated statements of operations | The effects of interest rate derivative instruments on the Company’s condensed consolidated statements of operations is presented in the table below.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value Measurements (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The Company's financial instruments that are accounted for at fair value on a recurring basis are presented in the table below.
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Summary of Carrying and Fair Value of Debt | A summary of the carrying value and fair value of the Company’s debt at June 30, 2015 and December 31, 2014 is as follows:
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Operating Costs and Expenses (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Costs and Expenses | Operating costs and expenses, exclusive of items shown separately in the condensed consolidated statements of operations, consist of the following for the periods presented:
|
X | ||||||||||
- Definition
Tabular disclosure of the detailed components of Operating Costs and Expenses. No definition available.
|
X | ||||||||||
- Details
|
Other Operating Expenses, Net (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of other operating expenses, net | Other operating expenses, net consist of the following for the periods presented:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Compensation Plans (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Share-based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of equity award grants in period | The Company granted the following equity awards for the periods presented.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Consolidating Schedules (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
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Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Condensed Consolidating Balance Sheet | Condensed consolidating financial statements as of June 30, 2015 and December 31, 2014 and for the six months ended June 30, 2015 and 2014 follow.
|
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Schedule of Condensed Consolidating Statement of Operations |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss) |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Condensed Consolidating Statement of Cash Flows |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Organization and Basis of Presentation (Details) (Charter Holdco [Member])
|
Jun. 30, 2015
|
---|---|
Charter Holdco [Member]
|
|
Entity Information [Line Items] | |
Charter's equity interest in Charter Holdco (percentage) | 100.00% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Mergers and Acquisitions (Details) (USD $)
|
6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Dec. 31, 2014
|
Jun. 30, 2015
TWC Transaction [Member]
|
Jun. 30, 2015
Bright House Transaction [Member]
|
Jun. 30, 2015
CCOH Safari, LLC [Member]
Comcast Transaction [Member]
|
Jun. 30, 2015
CCO Safari [Member]
Term Loan G [Member]
|
Dec. 31, 2014
CCO Safari [Member]
Term Loan G [Member]
|
Jun. 30, 2015
CCO Safari [Member]
Term Loan G [Member]
Comcast Transaction [Member]
|
Jul. 31, 2015
July 2015 financing [Member]
CCO Safari II [Member]
Senior secured notes [Member]
TWC Transaction [Member]
|
Jul. 31, 2015
July 2015 financing [Member]
CCO Safari III [Member]
Senior secured bank loans [Member]
TWC Transaction [Member]
|
|
Business Acquisition [Line Items] | ||||||||||
Cash portion of purchase price for TWC Transaction - Option A | $ 100 | |||||||||
Equity portion of purchase price for TWC Transaction - Option A (shares) | 0.5409 | |||||||||
Cash portion of purchase price for TWC Transaction - Option B | 115 | |||||||||
Equity portion of purchase price for TWC Transaction - Option B (shares) | 0.4562 | |||||||||
Total value consideration to be paid to TWC stockholders upon consummation of the TWC Transaction | 79,000,000,000 | |||||||||
Cash portion for Bright House Transaction | 2,000,000,000 | |||||||||
Face amount of convertible preferred units | 2,500,000,000 | |||||||||
Preferred Stock, Dividend Rate (percentage) | 6.00% | |||||||||
Number of common units issued to A/N in connection with the purchase of Bright House (units) | 34,300,000 | |||||||||
Value of common units issued to A/N in connection with the purchase of Bright House | 6,000,000,000 | |||||||||
Cash portion of the consideration for the TWC Transaction | 28,000,000,000 | |||||||||
Liberty purchase price of New Charter common stock | 4,300,000,000 | 700,000,000 | ||||||||
Principal Amount | 13,942,000,000 | 21,092,000,000 | 3,500,000,000 | 0 | 3,500,000,000 | 3,500,000,000 | 15,500,000,000 | 3,800,000,000 | ||
Remaining commitments from banks | 5,200,000,000 | |||||||||
Credit Facility Availability | 1,700,000,000 | |||||||||
Bank commitment - bridge facility amount | $ 4,300,000,000 |
X | ||||||||||
- Definition
Commitment from banks to provide a bridge facility to fund $115 option No definition available.
|
X | ||||||||||
- Definition
Cash portion for Bright House Transaction No definition available.
|
X | ||||||||||
- Definition
Cash portion of purchase price for TWC Transaction - Option A ($100 in cash and 0.5409 shares of New Charter for each share of Charter common stock) No definition available.
|
X | ||||||||||
- Definition
Cash portion of purchase price for TWC Transaction - Option B ($115 in cash and 0.4562 shares of New Charter for each share of Charter common stock) No definition available.
|
X | ||||||||||
- Definition
Cash portion of the consideration for the TWC Transaction No definition available.
|
X | ||||||||||
- Definition
Equity portion of purchase price for TWC Transaction - Option A ($100 in cash and 0.5409 shares of New Charter for each share of Charter common stock) No definition available.
|
X | ||||||||||
- Definition
Equity portion of purchase price for TWC Transaction - Option B ($100 in cash and 0.5409 shares of New Charter for each share of Charter common stock) No definition available.
|
X | ||||||||||
- Definition
Face amount of convertible preferred units issued in connection with the purchase of the Bright House Transaction No definition available.
|
X | ||||||||||
- Definition
Liberty purchase price of New Charter common stock No definition available.
|
X | ||||||||||
- Definition
Number of common units issued to A/N in connection with the purchase of Bright House No definition available.
|
X | ||||||||||
- Definition
Remaining commitments from banks to provide incremental senior secured term loan facilities and a senior secured incremental revolving facility No definition available.
|
X | ||||||||||
- Definition
Total value consideration to be paid to TWC stockholders upon consummation of the TWC Transaction No definition available.
|
X | ||||||||||
- Definition
Value of common units issued to A/N in connection with the purchase of Bright House No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of intangible assets having a projected indefinite period of benefit. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Franchises, Goodwill and Other Intangible Assets Other Intangibles Assets Amortization Expense (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Finite-lived intangible assets, amortization expense | $ 69 | $ 76 | $ 138 | $ 152 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Franchises, Goodwill and Other Intangible Assets Future Amortization Expense (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Six months ending December 31, 2015 | $ 132 | |
2016 | 237 | |
2017 | 203 | |
2018 | 168 | |
2019 | 133 | |
Thereafter | 202 | |
Net carrying amount | $ 1,075 | $ 1,196 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Accounts Payable and Accrued Liabilities (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Accounts Payable and Accrued Liabilities, Current [Abstract] | ||
Accounts payable - trade | $ 124 | $ 140 |
Accrued capital expenditures | 251 | 268 |
Deferred revenue | 89 | 85 |
Accrued liabilities: | ||
Interest | 169 | 212 |
Programming costs | 449 | 430 |
Franchise related fees | 60 | 65 |
Compensation | 203 | 169 |
Other | 291 | 266 |
Total | $ 1,636 | $ 1,635 |
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of accrued capital expenditures for long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of accruals that arise from a contractual arrangement with a third party relating to but not limited to franchise rights and license agreements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Long-Term Debt (Details) (USD $)
|
3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
Dec. 31, 2014
|
Jun. 30, 2015
CCOH Safari, LLC [Member]
|
Jun. 30, 2015
CCOH Safari, LLC [Member]
5.50% senior notes due December 1, 2022 [Member]
|
Dec. 31, 2014
CCOH Safari, LLC [Member]
5.50% senior notes due December 1, 2022 [Member]
|
Jun. 30, 2015
CCOH Safari, LLC [Member]
5.75% senior notes due December 1, 2024 [Member]
|
Dec. 31, 2014
CCOH Safari, LLC [Member]
5.75% senior notes due December 1, 2024 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
7.250% senior notes due October 30, 2017 [Member]
|
Apr. 30, 2015
CCO Holdings [Member]
7.250% senior notes due October 30, 2017 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
7.250% senior notes due October 30, 2017 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
7.000% senior notes due January 15, 2019 [Member]
|
Apr. 30, 2015
CCO Holdings [Member]
7.000% senior notes due January 15, 2019 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
7.000% senior notes due January 15, 2019 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
8.125% senior notes due April 30, 2020 [Member]
|
Apr. 30, 2015
CCO Holdings [Member]
8.125% senior notes due April 30, 2020 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
8.125% senior notes due April 30, 2020 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
7.375% senior notes due June 1, 2020 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
7.375% senior notes due June 1, 2020 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.250% senior notes due March 15, 2021 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.250% senior notes due March 15, 2021 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
6.500% senior notes due April 30, 2021 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
6.500% senior notes due April 30, 2021 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
6.625% senior notes due January 31, 2022 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
6.625% senior notes due January 31, 2022 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.250% senior notes due September 30, 2022 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.250% senior notes due September 30, 2022 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.125% senior notes due February 15, 2023 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.125% senior notes due February 15, 2023 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.125% senior notes due May 1, 2023 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.125% senior notes due May 1, 2023 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.750% senior notes due September 1, 2023 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.750% senior notes due September 1, 2023 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.750% senior notes due January 15, 2024 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.750% senior notes due January 15, 2024 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.375% senior notes due May 1, 2025 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.375% senior notes due May 1, 2025 [Member]
|
Jun. 30, 2015
CCO Holdings [Member]
5.875% senior notes due May 1, 2027 [Member]
|
Dec. 31, 2014
CCO Holdings [Member]
5.875% senior notes due May 1, 2027 [Member]
|
Jun. 30, 2015
Charter Operating [Member]
Charter Operating credit facilities [Member]
|
Dec. 31, 2014
Charter Operating [Member]
Charter Operating credit facilities [Member]
|
Jun. 30, 2015
CCO Safari [Member]
Term Loan G [Member]
|
Dec. 31, 2014
CCO Safari [Member]
Term Loan G [Member]
|
Jun. 30, 2015
CCOH Safari and CCO Safari [Member]
|
Jun. 30, 2015
CCOH Safari and CCO Safari [Member]
|
Jun. 30, 2015
Minimum [Member]
CCO Holdings [Member]
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Principal Amount | $ 13,942,000,000 | $ 13,942,000,000 | $ 21,092,000,000 | $ 0 | $ 1,500,000,000 | $ 0 | $ 2,000,000,000 | $ 0 | $ 1,000,000,000 | $ 600,000,000 | $ 1,400,000,000 | $ 0 | $ 700,000,000 | $ 750,000,000 | $ 750,000,000 | $ 500,000,000 | $ 500,000,000 | $ 1,500,000,000 | $ 1,500,000,000 | $ 750,000,000 | $ 750,000,000 | $ 1,250,000,000 | $ 1,250,000,000 | $ 1,000,000,000 | $ 1,000,000,000 | $ 1,150,000,000 | $ 0 | $ 500,000,000 | $ 500,000,000 | $ 1,000,000,000 | $ 1,000,000,000 | $ 750,000,000 | $ 0 | $ 800,000,000 | $ 0 | $ 3,392,000,000 | $ 3,742,000,000 | $ 0 | $ 3,500,000,000 | |||||||||||
Accreted value | 13,896,000,000 | 13,896,000,000 | 21,023,000,000 | 0 | 1,500,000,000 | 0 | 2,000,000,000 | 0 | 1,000,000,000 | 598,000,000 | 1,394,000,000 | 0 | 700,000,000 | 750,000,000 | 750,000,000 | 500,000,000 | 500,000,000 | 1,500,000,000 | 1,500,000,000 | 747,000,000 | 747,000,000 | 1,241,000,000 | 1,240,000,000 | 1,000,000,000 | 1,000,000,000 | 1,150,000,000 | 0 | 500,000,000 | 500,000,000 | 1,000,000,000 | 1,000,000,000 | 750,000,000 | 0 | 800,000,000 | 0 | 3,360,000,000 | 3,709,000,000 | 0 | 3,483,000,000 | |||||||||||
Stated interest rate (percentage) | 5.50% | 5.75% | 7.25% | 7.00% | 8.125% | 7.375% | 5.25% | 6.50% | 6.625% | 5.25% | 5.125% | 5.125% | 5.75% | 5.75% | 5.375% | 5.875% | ||||||||||||||||||||||||||||||||||
Credit Facility Availability | 1,700,000,000 | 1,700,000,000 | 1,100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Principal Amount Repurchased | 1,000,000,000 | 800,000,000 | 700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | $ 128,000,000 | $ 0 | $ 128,000,000 | $ 0 | $ 2,000,000 | $ 123,000,000 | $ 123,000,000 | $ 5,000,000 | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Redemption Price, Percentage | 100.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Maximum redemption percentage (percentage) | 40.00% | 40.00% | ||||||||||||||||||||||||||||||||||||||||||||||||
Redemption premium percent upon a change in control (percentage) | 101.00% | 101.00% |
X | ||||||||||
- Definition
Maximum redemption percentage of principal amount of notes at a premium plus accrued and unpaid interest to the redemption date, with net cash proceeds of one or more equity offerings (as defined in the indenture) No definition available.
|
X | ||||||||||
- Definition
Redemption premium percent In event of change in control. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Common Stock (Details) (Income Tax Withholding [Member], Class A Common Stock [Member], USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Income Tax Withholding [Member] | Class A Common Stock [Member]
|
||||
Equity, Class of Treasury Stock [Line Items] | ||||
Shares withheld in payment of income tax withholding owed by employees (in shares) | 38,482 | 37,602 | 115,152 | 115,436 |
Total consideration of stock purchase | $ 7 | $ 6 | $ 23 | $ 17 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Accounting for Derivative Instruments and Hedging Activities Derivative instruments effect on the Company's condensed consolidated balance sheets (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Accumulated other comprehensive loss | $ (17) | $ (22) |
Accrued interest [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair value of interest rate derivatives not designated as hedges | 0 | 2 |
Other long-term liabilities [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair value of interest rate derivatives not designated as hedges | 18 | 16 |
Accumulated other comprehensive loss [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Accumulated other comprehensive loss | $ (17) | $ (22) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Accounting for Derivative Instruments and Hedging Activities Derivative instruments effect on the Company's condensed consolidated statements of operations (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Derivative instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) on derivative instruments, net | $ 1 | $ (6) | $ (5) | $ (8) |
Not Designated as Hedging Instrument [Member] | Gain (loss) on derivative instruments, net [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
|
||||
Derivative instruments, Gain (Loss) [Line Items] | ||||
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | 3 | (1) | 0 | 3 |
Loss reclassified from accumulated other comprehensive loss into earnings | (2) | (5) | (5) | (11) |
Gain (loss) on derivative instruments, net | $ 1 | $ (6) | $ (5) | $ (8) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Accounting for Derivative Instruments and Hedging Activities (Details) (USD $)
|
6 Months Ended | |
---|---|---|
Jun. 30, 2015
|
Dec. 31, 2014
|
|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Cash Flow Hedge Loss to be Reclassified within Twelve Months | $ 8,000,000 | |
Derivative, Notional Amount | $ 1,100,000,000 | $ 1,400,000,000 |
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Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Operating Costs and Expenses (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Other Income and Expenses [Abstract] | ||||
Programming | $ 671 | $ 607 | $ 1,337 | $ 1,213 |
Franchise, regulatory and connectivity | 109 | 107 | 216 | 214 |
Cost to service customers | 421 | 421 | 841 | 821 |
Marketing | 135 | 135 | 271 | 268 |
Transition costs | 17 | 0 | 38 | 0 |
Other | 248 | 209 | 479 | 410 |
Operating costs and expenses (exclusive of items shown separately below) | $ 1,601 | $ 1,479 | $ 3,182 | $ 2,926 |
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Cost to Service Customers No definition available.
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Franchise, Regulatory and Connectivity Expense No definition available.
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Programming Expense No definition available.
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Costs incurred and expensed during the period related to the acquisition of businesses No definition available.
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Other Operating Expenses, Net (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Other Income and Expenses [Abstract] | ||||
Merger and acquisition costs | $ 19 | $ 14 | $ 32 | $ 17 |
Special charges, net | 10 | 3 | 12 | 7 |
Loss on sale of assets, net | 3 | (1) | 6 | 2 |
Other operating expenses, net | $ 32 | $ 16 | $ 50 | $ 26 |
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Income Taxes (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Dec. 31, 2014
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Income Tax Contingency [Line Items] | |||||
Income tax expense | $ 35 | $ 65 | $ 70 | $ 129 | |
Deferred Tax Liabilities, Net | 1,700 | 1,700 | 1,600 | ||
Deferred Tax Assets, Net, Current | 27 | 27 | 26 | ||
Charter Holdco Subsidiaries [Member]
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Income Tax Contingency [Line Items] | |||||
Deferred Tax Liabilities, Net | $ 242 | $ 242 | $ 236 |
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Dr. John Malone's, a member of Charter's board of directors, ownership percentage in Discovery Communications, Inc. No definition available.
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Dr. John Malone's, a member of Charter's board of directors, ownership percentage in Starz No definition available.
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Dr. John Malone's, a member of Charter's board of directors, voting interest in Discovery Communications, Inc. for election of directors No definition available.
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Dr. John Malone's, a member of Charter's board of directors, voting interest in Liberty Interactive Corp. No definition available.
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Dr. John Malone's, a member of Charter's board of directors, voting interest in Starz No definition available.
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Liberty Interactive Corp.'s ownership percentage in HSN, Inc. No definition available.
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The percent of board members Liberty Interactive Corp. can elect to HSN Inc.'s board No definition available.
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Percent of total operating costs and expenses paid to Discovery and Starz No definition available.
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Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the value of the business relationship with existing customers (less anticipated churn). No definition available.
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Investments in subsidiaries eliminated upon consolidation. No definition available.
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Sum of carrying amounts as of the balance sheet date of property, plant and equipment, franchises, customer relationships, net and goodwill. No definition available.
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Changes in the fair value of interest rate derivative instruments that were designated as hedging instruments of the variability of cash flows associated with floating-rate debt obligations and that met effectiveness criteria; and the amount of loss related to the reclassification from accumulated other comprehensive loss into earnings as a result of cash flow hedge discontinuance. No definition available.
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The increase (decrease) during the reporting period in the amounts payable for capital expenditures. No definition available.
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The cash outflow to parent as a source of financing that is recorded as additional paid in capital. No definition available.
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Subsequent Events (Details) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
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Dec. 31, 2014
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Jul. 31, 2015
TWC Transaction [Member]
Senior secured notes [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
3.579% senior secured notes due July 23, 2020 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
4.464% senior secured notes due July 23, 2022 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
4.908% senior secured notes due July 23, 2025 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
6.384% senior secured notes due October 23, 2035 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
6.484% senior secured notes due October 23, 2045 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
6.834% senior secured notes due October 23, 2055 [Member]
CCO Safari II [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
Senior secured bank loans [Member]
CCO Safari III [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
Term H Loan [Member]
CCO Safari III [Member]
July 2015 financing [Member]
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Jul. 31, 2015
TWC Transaction [Member]
Term I Loan [Member]
CCO Safari III [Member]
July 2015 financing [Member]
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Subsequent Event [Line Items] | ||||||||||||
Principal Amount | $ 13,942 | $ 21,092 | $ 15,500 | $ 2,000 | $ 3,000 | $ 4,500 | $ 2,000 | $ 3,500 | $ 500 | $ 3,800 | $ 1,000 | $ 2,800 |
Stated interest rate (percentage) | 3.579% | 4.464% | 4.908% | 6.384% | 6.484% | 6.834% | ||||||
Basis Spread on Variable Rate (percentage) | 2.50% | 2.75% | ||||||||||
Libor Floor (percentage) | 0.75% | 0.75% | ||||||||||
Original issue discount (percentage) | 99.75% | 99.75% |
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Debt Instrument, Discount, Percentage of Principal No definition available.
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Debt Instrument, Interest Rate, Libor Floor No definition available.
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