v3.25.2
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Foreign Currency Exchange Rate Risk
We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than one of our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain trade receivables and accounts payable (including intercompany amounts).
The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows:
(In thousands)Balance Sheet LocationJune 30, 2025December 31, 2024
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives Prepaid expenses and other current assets$1,950 $944 
Foreign currency derivatives Other assets5,575 3,945 
Liabilities:
Foreign currency derivatives Accrued liabilities$1,894 $945 
Foreign currency derivatives Other liabilities4,846 1,385 
The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:
(In thousands)Location of Gain (Loss) Recognized in Earnings on DerivativesAmount of Gain (Loss) Recognized in Earnings on Derivatives
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Foreign currency derivatives Miscellaneous, net$(2,390)$4,239 $(2,480)$(791)