Note 3: Related Party Transactions

In the ordinary course of our business, we enter into transactions with Comcast.

We generate revenue from Comcast primarily from the distribution of our cable network programming and, to a lesser extent, the sale of advertising and our owned programming, and we incur expenses primarily related to advertising and various support services provided by Comcast to us.

Comcast is also the counterparty to one of our contractual obligations. As of September 30, 2015, the carrying value of the liability associated with this contractual obligation was $383 million.

The following tables present transactions with Comcast and its consolidated subsidiaries that are included in our condensed consolidated financial statements.

Condensed Consolidated Balance Sheet
		September 30,		December 31,
(in millions)		2015			2014
Transactions with Comcast and Consolidated Subsidiaries
	Receivables, net	$	236	$	229
	Note receivable from Comcast	$	77	$	-
	Accounts payable and accrued expenses related to trade creditors	$	58	$	47
	Accrued expenses and other current liabilities	$	43	$	8
	Note payable to Comcast	$	-	$	865
	Other noncurrent liabilities	$	383	$	383

Condensed Consolidated Statement of Income
			Three Months Ended				Nine Months Ended
		September 30				September 30
(in millions)			2015		2014		2015		2014
Transactions with Comcast and Consolidated Subsidiaries
	Revenue	$	334	$	316	$	1,006	$	989
	Operating costs and expenses	$	(71)	$	(32)	$	(164)	$	(96)
	Other income (expense)	$	(7)	$	(10)	$	(25)	$	(32)