v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2025
Aug. 06, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Revenues $ 12,269 $ 16,622 $ 29,213 $ 29,652
Costs and expenses:        
Operating 8,408 11,287 19,437 20,017
Programming charges 41 0 1,118 2,371
Selling, general and administrative 2,594 3,526 6,658 7,245
Depreciation and amortization 590 204 392 418
Impairment charges 0 157 6,130 83
Restructuring, transaction-related items and other corporate matters 731 454 747 (31)
Total segment expenses 12,364 15,628 34,482 30,103
Gain on dispositions 0 35 0 0
Operating income (loss) (95) 1,029 (5,269) (451)
Interest expense (366) (516) (860) (920)
Interest income 64 83 151 137
Gain (loss) from investments (40) 0 (17) 168
Gain on extinguishment of debt 0 0 0 29
Other items, net (39) (92) (182) (216)
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies (476) 504 (6,177) (1,253)
Benefit from income taxes 40 79 305 361
Equity in loss of investee companies, net of tax (104) (171) (291) (360)
Net earnings (loss) from continuing operations (540) 412 (6,163) (1,252)
Net earnings from discontinued operations, net of tax 0 0 14 676
Net earnings (loss) (Parent and noncontrolling interests) (540) 412 (6,149) (576)
Net earnings attributable to noncontrolling interests (46) (447) (41) (32)
Net loss attributable to Parent (586) (35) (6,190) (608)
Amounts attributable to Parent:        
Net loss from continuing operations (586) (35) (6,204) (1,284)
Net earnings from discontinued operations, net of tax 0 0 14 676
Net loss attributable to Parent $ (586) $ (35) $ (6,190) $ (608)
Basic net loss per common share attributable to Parent:        
Net loss from continuing operations (in dollars per share) $ (0.53) $ (0.05) $ (9.36) $ (2.06)
Net earnings from discontinued operations (in dollars per share) 0 0 0.02 1.04
Net loss (in dollars per share) (0.53) (0.05) (9.34) (1.02)
Diluted net loss per common share attributable to Parent:        
Net loss from continuing operations (in dollars per share) (0.53) (0.05) (9.36) (2.06)
Net earnings from discontinued operations (in dollars per share) 0 0 0.02 1.04
Net loss (in dollars per share) $ (0.53) $ (0.05) $ (9.34) $ (1.02)
Weighted average number of common shares outstanding:        
Basic (in shares) 1,102 674 664 652
Diluted (in shares) 1,102 674 664 652