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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Streaming	$	18	$	7	$	44	$	19
Studios	14		(1)		23		(6)
Global Linear Networks	33		25		75		41
Corporate and inter-segment eliminations	48		49		175		80
Total restructuring and other charges	$	113	$	80	$	317	$	134

During the three and six months ended June 30, 2026, 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. During the three and six months ended June 30, 2025, restructuring and other charges were primarily related to organization restructuring costs and consulting fees.

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	2		9		11		(2)		20
Employee retention, net	31		20		63		63		177
Consulting fees and other accruals and adjustments	11		(6)		1		102		108
Cash paid	(28)		(14)		(50)		(197)		(289)
June 30, 2026	$	39	$	67	$	94	$	105	$	305