v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease Assets and Liabilities
At December 31, 2025 (Successor) and December 31, 2024 (Predecessor), the following amounts were recorded on the Consolidated Balance Sheets relating to our operating leases.
SuccessorPredecessor
20252024
Right-of-Use Assets
Operating lease assets$1,126 $1,012 
Lease Liabilities
Other current liabilities$284 $284 
Operating lease liabilities1,150 1,048 
Total lease liabilities$1,434 $1,332 
SuccessorPredecessor
20252024
Weighted average remaining lease term6 years6 years
Weighted average discount rate4.7 %3.8 %
Schedule of Composition of Lease Cost
The following table presents our lease cost relating to our operating leases.
SuccessorPredecessor
Period From August 7 - December 31,Period From January 1 - August 6,Year Ended December 31,
2025202520242023
Operating lease cost (a) (b)
$131 $176 $301 $332 
Short-term lease cost (b) (c)
62 81 181 229 
Variable lease cost (b) (d)
34 47 84 76 
Sublease income(8)(9)(7)(7)
Total lease cost$219 $295 $559 $630 
(a) Includes fixed lease costs and non-lease costs (consisting of other occupancy and service costs relating to the use of an asset) associated with long-term operating leases.
(b) Includes costs capitalized in programming assets during the period for leased assets used in the production of programming.
(c) Short-term leases, which are not recorded in right-of-use assets and lease liabilities on the Consolidated Balance Sheets, have a term of 12 months or less and exclude month-to-month leases.
(d) Primarily includes non-lease costs (consisting of other occupancy and service costs relating to the use of an asset) and costs for equipment leases that vary based on usage.
The following table presents supplemental cash flow information for our operating leases.
SuccessorPredecessor
Period From August 7 - December 31,Period From January 1 - August 6,Year Ended December 31,
2025202520242023
Payments for amounts included in operating
   lease liabilities (operating cash flows)		$140 $218 $338 $368 
​
Noncash additions to operating lease assets$146 $82 $130 $123 
Schedule of Expected Future Minimum Payments
The expected future payments relating to our operating lease liabilities at December 31, 2025 (Successor) are as follows:
2026$336 
2027290 
2028257 
2029211 
2030195 
2031 and thereafter387 
Total minimum payments1,676 
Less amounts representing interest242 
Present value of minimum payments$1,434