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Comcast Corporation
• we acquired $872 million of property and equipment and intangible assets that were
accrued but unpaid
• we recorded a liability of $509 million for a quarterly cash dividend of $0.195 per
common share paid in January 2014
• we used $1.4 billion of equity securities to settle a portion of our obligations under
prepaid forward sale agreements
• we closed a transaction with Liberty Media that included, among other things, the
delivery of Liberty Media shares owned by us in exchange for Liberty Media’s inter-
ests in one of NBCUniversal’s contractual obligations (see Note 7 for additional
information)
Note 17: Commitments and Contingencies
Commitments
NBCUniversal enters into long-term commitments with third parties in the ordinary course of its business,
including commitments to acquire film and television programming, creative talent and employment agree-
ments, and various other television-related commitments. Many of NBCUniversal’s employees, including
writers, directors, actors, technical and production personnel, and others, as well as some of its on-air and
creative talent, are covered by collective bargaining agreements or works councils. As of December 31, 2015,
the total number of NBCUniversal full-time, part-time and hourly employees on its payroll covered by collec-
tive bargaining agreements was 7,500 full-time equivalent employees. Of this total, approximately 10% of
these full-time equivalent employees were covered by collective bargaining agreements that have expired or
are scheduled to expire during 2016.
We, through Comcast Spectacor, have employment agreements with both players and coaches of the Phila-
delphia Flyers. Certain of these employment agreements, which provide for payments that are guaranteed
regardless of employee injury or termination, are covered by disability insurance if certain conditions are met.
The table below summarizes our minimum annual programming and talent commitments and our minimum
annual rental commitments for office space, equipment and transponder service agreements under operating
leases. Programming and talent commitments include acquired film and television programming, including
U.S. television rights to the Olympic Games through 2032, Sunday Night Football on NBC through the 2022-
23 season, NASCAR on the NBC Sports Network through 2024 and other programming commitments, as
well as various contracts with creative talent and employment agreements.
As of December 31, 2015 (in millions)
Programming and
Talent Commitments
Operating
Leases
2016 $ 6,405 $ 452
2017 $ 3,788 $ 412
2018 $ 4,474 $ 370
2019 $ 3,280 $ 324
2020 $ 4,357 $ 284
Thereafter $ 23,061 $ 1,617
The table below presents our rental expense charged to operations.
Year ended December 31 (in millions) 2015 2014 2013
Rental expense $ 608 $ 580 $ 616
111 Comcast 2015 Annual Report on Form 10-K