v3.26.1
SUPPLEMENTAL DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other (Expense) Income, Net
Other (expense) income, net, consisted of the following (in millions).
Three Months Ended March 31,
20262025
Foreign currency (losses) gains, net$(52)$30 
(Losses) gains on derivative instruments, net(2)22 
Change in the value of investments with readily determinable fair value— 4 
Change in fair value of equity investments without readily determinable fair value— (4)
Interest income22 64 
Indemnification receivable accrual(3)(38)
Other (expense) income, net(3)4 
Total other (expense) income, net
$(38)$82 
Schedule of Supplemental Cash Flow Information
Supplemental Cash Flow Information
Three Months Ended March 31,
20262025
Non-cash investing and financing activities:
Assets acquired under finance lease and other arrangements$17 $144 
Settlement of PRSU awards$97 $51 
Schedule of Cash and Cash Equivalents
Cash, Cash Equivalents, and Restricted Cash
 March 31, 2026December 31, 2025
Cash and cash equivalents$3,264 $4,566 
Restricted cash - recorded in prepaid expenses and other current assets4 4 
Total cash, cash equivalents, and restricted cash $3,268 $4,570 
Schedule of Restrictions Cash
Cash, Cash Equivalents, and Restricted Cash
 March 31, 2026December 31, 2025
Cash and cash equivalents$3,264 $4,566 
Restricted cash - recorded in prepaid expenses and other current assets4 4 
Total cash, cash equivalents, and restricted cash $3,268 $4,570 
Schedule of Net Income (Loss) Available to Warner Bros. Discovery, Inc. Series A Common Stockholders for Basic and Diluted Earnings Per Share
The table below presents a reconciliation of net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share (in millions).
Three Months Ended March 31,
20262025
Numerator:
Net loss$(2,906)$(449)
Less:
Net income attributable to noncontrolling interests(10)(8)
Net loss attributable to redeemable noncontrolling interests— 4 
Net loss available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$(2,916)$(453)
Denominator — weighted average:
Common shares outstanding — basic and diluted2,492 2,462 

Basic net loss per share allocated to common stockholders$(1.17)$(0.18)
Diluted net loss per share allocated to common stockholders$(1.17)$(0.18)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions).
Three Months Ended March 31,
20262025
Anti-dilutive share-based awards111 92 
Schedule of Changes in the Components of Accumulated Other Comprehensive Loss, Net of Taxes
The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).
Three Months Ended March 31, 2026
Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(342)$39 $(104)$(407)
Other comprehensive income (loss) before reclassifications(218)(26)2 (242)
Reclassifications from accumulated other comprehensive loss to net income— 7 — 7 
Other comprehensive income (loss)(218)(19)2 (235)
Ending balance$(560)$20 $(102)$(642)
Three Months Ended March 31, 2025
Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(1,008)$15 $(74)$(1,067)
Other comprehensive income (loss) before reclassifications231 9 — 240 
Reclassifications from accumulated other comprehensive loss to net income
— (13)— (13)
Other comprehensive income (loss)231 (4)— 227 
Ending balance
$(777)$11 $(74)$(840)