The Company periodically initiates restructuring programs, which may include, among other things, strategic content programming assessments, organizational restructuring, employee retention, facility consolidation activities, other contract termination costs, and consulting fees related to the previously announced Separation Transaction and the PSKY Merger. During 2025, the Company initiated restructuring plans related to the previously proposed Separation Transaction.

Restructuring and other charges by reportable segments and corporate and inter-segment eliminations were as follows (in millions).


	Three Months Ended March 31,
	2026		2025
Streaming	$	26	$	12
Studios	9		(5)
Global Linear Networks	42		16
Corporate and inter-segment eliminations	127		31
Total restructuring and other charges	$	204	$	54

During the three months ended March 31, 2026 and 2025, restructuring and other charges were primarily related to organization restructuring costs, employee retention, and consulting fees related to the previously announced Separation Transaction and the PSKY Merger.

Changes in restructuring liabilities recorded in accounts payable, accrued liabilities, and other noncurrent liabilities by major category and by reportable segment and corporate were as follows (in millions).


	Streaming		Studios		Global Linear Networks		Corporate		Total
December 31, 2025	$	23	$	58	$	69	$	127	$	277


Contract termination accruals, net	—		—		—		12		12
Employee termination accruals, net	—		9		6		(3)		12
Employee retention, net	15		6		36		23		80
Consulting fees and other accruals and adjustments	11		(6)		—		95		100
Cash paid	(19)		(4)		(30)		(111)		(164)
March 31, 2026	$	30	$	63	$	81	$	143	$	317