SUPPLEMENTAL FINANCIAL INFORMATION |
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SUPPLEMENTAL FINANCIAL INFORMATION | SUPPLEMENTAL FINANCIAL INFORMATION Supplemental Cash Flow Information
Lease Income We enter into operating leases for the use of our owned production facilities and office buildings. Lease payments received under these agreements consist of fixed payments for the rental of space and certain building operating costs, as well as variable payments based on usage of production facilities and services, and escalating costs of building operations. We recorded total lease income, including both fixed and variable amounts, of $9 million and $6 million for the three months ended March 31, 2025 and 2024, respectively. Dispositions During the first quarter of 2025, we recorded gains totaling $35 million, principally associated with the disposition of a noncore business. Discontinued Operations On October 30, 2023, we completed the sale of Simon & Schuster to affiliates of Kohlberg Kravis Roberts & Co. During the first quarter of 2024, we recorded an additional pretax gain of $12 million on the sale as a result of a working capital adjustment.
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