v3.25.2
IMPAIRMENT, RESTRUCTURING AND TRANSACTION-RELATED ITEMS (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges and Transaction-Related Costs
During the three and six months ended June 30, 2025 and 2024, we recorded the following restructuring charges and transaction-related items.
Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
Severance (a)
$177 $70 $177 $225 
Exit costs— — 65 31 
Restructuring charges 177 70 242 256 
Transaction-related items18 24 18 
Restructuring and transaction-related items$181 $88 $266 $274 
(a) Severance costs include the accelerated vesting of stock-based compensation.
Schedule of Restructuring Reserve by Type of Cost
The following is a rollforward of our restructuring severance liability, which is recorded in “Other current liabilities” and “Other liabilities” on the Consolidated Balance Sheets, and is expected to be substantially paid by the end of 2026.
2025 Activity
Balance at December 31, 2024
Charges (a)
Payments and otherBalance at June 30, 2025
TV Media$156 $139 $(75)$220 
Direct-to-Consumer36 (26)15 
Filmed Entertainment46 15 (26)35 
Corporate111 14 (65)60 
Total$349 $173 $(192)$330 
(a) Excludes stock-based compensation expense of $4 million.