Time Magazine 2012 Annual Report Download - page 114

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TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
initiatives. During the year ended December 31, 2011, the Company incurred $18 million at the Film and
TV Entertainment segment and reversed $2 million at the Publishing segment related to the 2010 and prior year
initiatives.
Selected Information
Selected information relating to accrued restructuring and severance costs is as follows (millions):
Employee
Terminations
Other Exit
Costs Total
Remaining liability as of December 31, 2009 ................ $ 155 $ 98 $ 253
Net accruals .......................................... 63 34 97
Cash paid ............................................ (111) (48) (159)
Remaining liability as of December 31, 2010. ................ 107 84 191
Net accruals .......................................... 102 11 113
Noncash reductions(a) ................................... (5) — (5)
Cash paid ............................................ (88) (35) (123)
Remaining liability as of December 31, 2011 ................ 116 60 176
Net accruals .......................................... 104 15 119
Noncash reductions(a) ................................... (1) — (1)
Cash paid ............................................ (101) (27) (128)
Remaining liability as of December 31, 2012 ................ $ 118 $ 48 $ 166
(a) Noncash reductions relate to the settlement of certain employee-related liabilities with equity instruments.
As of December 31, 2012, of the remaining liability of $166 million, $106 million was classified as a current
liability in the Consolidated Balance Sheet, with the remaining $60 million classified as a long-term liability.
Amounts classified as long-term are expected to be paid through 2017.
15. SEGMENT INFORMATION
Time Warner classifies its operations into three reportable segments: Networks: consisting principally of
cable television networks, premium pay and basic tier television services and digital media properties; Film and
TV Entertainment: consisting principally of feature film, television, home video and videogame production and
distribution; and Publishing: consisting principally of magazine publishing and related websites as well as book
publishing and marketing businesses. Effective for the first quarter of 2012, the Company changed the name of
its Filmed Entertainment reportable segment to Film and TV Entertainment. This change did not affect the
composition of the segment; accordingly, all prior period financial information related to this reportable segment
was unaffected.
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