6. INVENTORIES AND THEATRICAL FILM AND TELEVISION PRODUCTION COSTS
Inventories and theatrical film and television production costs consist of (millions):
December 31, 2013 | December 31, 2012 | ||||||
Inventories: | |||||||
Programming costs, less amortization | $ | 3,738 | $ | 3,817 | |||
DVDs, Blu-ray Discs, books, paper and other merchandise | 325 | 326 | |||||
Total inventories | 4,063 | 4,143 | |||||
Less: current portion of inventory | (2,028) | (2,036) | |||||
Total noncurrent inventories | 2,035 | 2,107 | |||||
Theatrical film production costs:(a) | |||||||
Released, less amortization | 500 | 597 | |||||
Completed and not released | 246 | 174 | |||||
In production | 1,480 | 1,770 | |||||
Development and pre-production | 107 | 106 | |||||
Television production costs:(a) | |||||||
Released, less amortization | 1,094 | 1,034 | |||||
Completed and not released | 536 | 396 | |||||
In production | 694 | 487 | |||||
Development and pre-production | 7 | 4 | |||||
Total theatrical film and television production costs | 4,664 | 4,568 | |||||
Total noncurrent inventories and theatrical film and television production costs | $ | 6,699 | $ | 6,675 | |||
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(a) Does not include $958 million and $1.107 billion of acquired film library intangible assets as of December 31, 2013 and December 31, 2012, respectively, which are included in Intangible assets subject to amortization, net in the Consolidated Balance Sheet.
Approximately 92% of unamortized film costs for released theatrical and television product are expected to be amortized within three years from December 31, 2013. In addition, approximately $1.7 billion or 72% of the film costs of released and completed and not released theatrical and television product are expected to be amortized during the twelve-month period ending December 31, 2014.