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  "documentTitle": "Time Warner Inc. (TWX)",
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  "notes": "Includes a detailed table of considerations for the financial strategy and a footnote explaining specific debt and liability calculations.",
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      "text": "Provides the flexibility to access the securitization markets; Significantly lesser impact of any contingent liabilities; Provides cushion given shifting landscape.",
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      "text": "leverage: 3.75x",
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      "text": "(a) Represents interest bearing debt and allocation of additional liabilities: operating leases ($1.6 billion), net unfunded pension obligations ($37 million), securitizations ($764 million)...",
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      "text": "Exhibit 3.34: CONSIDERATIONS",
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      "text": "XI. CONTENT FINANCIAL STRATEGY",
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