Cable EBITDA margins at the high-end compared to those of its peers, which Standard&Poor's Ratings Services expects to remain in the 40%-area over the next few years; Leading subscriber operating metrics compared to those of its peers; Significant scale in cable, providing benefits in the areas of programming expenses, equipment procurement, and the addressable market for business services; and Moderate diversity and improved performance at NBCUniversal (NBCU), with cable networks providing predictable, ongoing cash flows from long-term contracts with cable and satellite TV providers. Forecasted leverage of about 2x for 2015; Healthy free operating cash flow (FOCF) generation, which we expect to be $9.5 billion to $10 billion in 2015; and Discretionary cash flow to debt of about
