|TIME WARNER INC. filed this Form 10-Q on 10/26/2017|
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The Companys Restructuring and severance costs primarily related to employee termination costs, ranging from senior executives to line personnel, and other exit costs, including lease terminations and real estate consolidations. Restructuring and severance costs expensed as incurred for the three and nine months ended September 30, 2017 and 2016 are as follows (millions):
Selected information relating to accrued restructuring and severance costs is as follows (millions):
As of September 30, 2017, of the remaining $118 million liability, $73 million was classified as a current liability in the Consolidated Balance Sheet, with the remaining $45 million classified as a long-term liability. Amounts classified as long-term are expected to be paid through 2020.
Time Warner classifies its operations into three reportable segments: Turner: consisting principally of cable networks and digital media properties; Home Box Office: consisting principally of premium pay television and OTT services domestically and premium pay, basic tier television and OTT services internationally; and Warner Bros.: consisting principally of television, feature film, home video and videogame production and distribution. Time Warners reportable segments have been determined in accordance with its internal management structure and the financial information that is evaluated regularly by the Companys chief operating decision maker.
In the ordinary course of business, Time Warners reportable segments enter into transactions with one another. The most common types of intersegment transactions include the Warner Bros. segment generating revenues by licensing television and theatrical programming to the Turner and Home Box Office segments. While intersegment transactions are treated like third-party