Time Warner Cable 2014 Annual Report Download - page 122

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
its costs of defending against such claims. Even if the claims are without merit, defending against the claims can be time
consuming and costly.
Other Matters
The California Attorney General and the Alameda County, California District Attorney are investigating whether
certain of the Company’s waste disposal policies, procedures and practices are in violation of the California Business and
Professions Code and the California Health and Safety Code. These entities are seeking injunctive relief, unspecified civil
penalties and attorneys’ fees. While the Company is unable to predict the outcome of this investigation, it does not believe
that the outcome will have a material effect on its results of operations, financial condition or cash flows.
As part of the TWE Restructuring, Time Warner agreed to indemnify the Company from and against any and all
liabilities relating to, arising out of or resulting from specified litigation matters brought against the TWE non-cable
businesses (and assumed by TWCE in connection with various internal reorganizations). Although Time Warner has
agreed to indemnify the Company against such liabilities, TWE (as assumed by TWCE) remains a named party in certain
litigation matters.
The costs and other effects of future litigation, governmental investigations, legal and administrative cases and
proceedings (whether civil or criminal), settlements, judgments and investigations, claims and changes in pending matters
(including those matters described above), and developments or assertions by or against the Company relating to
intellectual property rights and intellectual property licenses, could have a material adverse effect on the Company’s
business, financial condition and operating results.
19. ADDITIONAL FINANCIAL INFORMATION
Other Current Assets
Other current assets as of December 31, 2014 and 2013 consisted of the following (in millions):
December 31,
2014 2013
Prepaid income taxes ...................................................... $ 157 $ 142
Other prepaid expenses ..................................................... 208 155
Other current assets ........................................................ 26 34
Total other current assets ................................................... $ 391 $ 331
Other Current Liabilities
Other current liabilities as of December 31, 2014 and 2013 consisted of the following (in millions):
December 31,
2014 2013
Accrued interest .......................................................... $ 486 $ 529
Accrued compensation and benefits ........................................... 397 394
Accrued insurance ......................................................... 199 185
Accrued franchise fees ..................................................... 151 155
Accrued sales and other taxes ................................................ 132 132
Other accrued expenses ..................................................... 448 442
Total other current liabilities ................................................. $ 1,813 $ 1,837
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