Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name TIME WARNER INC.
CIK 0001105705
Accession number 0001193125-14-069071
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1105705/000119312514069071/twx-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of Time Warner's net deferred tax liabilities are as follows (millions):

   December 31,
   2013 2012
 Deferred tax assets:     
 Tax attribute carryforwards(a) $ 1,074 $ 835
 Receivable allowances and return reserves   239   244
 Royalties, participations and residuals   453   474
 Investments    181   170
 Equity-based compensation    243   280
 Amortization and depreciation   -   373
 Other   750   1,087
 Valuation allowances(a)   (564)   (560)
 Total deferred tax assets $ 2,376 $ 2,903
        
 Deferred tax liabilities:      
 Amortization and depreciation $ 45 $ -
 Assets acquired in business combinations   3,350   3,521
 Unbilled television receivables   941   915
 Unremitted earnings of foreign subsidiaries   235   120
 Total deferred tax liabilities   4,571   4,556
 Net deferred tax liability $ 2,195 $ 1,653
 _____________      

(a)       The Company has recorded valuation allowances for certain tax attribute carryforwards and other deferred tax assets due to uncertainty that exists regarding future realizability. The tax attribute carryforwards consist of $610 million of tax credits, $186 million of capital losses and $278 million of net operating losses that expire in varying amounts from 2014 through 2033. If, in the future, the Company believes that it is more likely than not that these deferred tax benefits will be realized, the majority of the valuation allowances will be recognized in the Consolidated Statement of Operations.

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 0
Valuation allowance -564,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 2,376,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -4,571,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,195,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 447,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -2,642,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,195,000,000
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,376,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -4,571,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,195,000,000
CHECK 0

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