v3.26.1
SUPPLEMENTAL DISCLOSURES (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Income, Net
Other income, net, consisted of the following (in millions).
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Foreign currency gains (losses), net$20 $58 $(32)$88 
Gains on derivative instruments, net15 19 13 41 
Change in the value of investments with readily determinable fair value6 — 6 4 
Change in fair value of equity investments without readily determinable fair value(37)— (37)(4)
Interest income34 59 56 123 
Indemnification receivable accrual3 (5)— (43)
Other income, net9 8 6 12 
Total other income, net
$50 $139 $12 $221 
Schedule of Supplemental Cash Flow Information
Supplemental Cash Flow Information
Six Months Ended June 30,
20262025
Non-cash investing and financing activities:
Assets acquired under finance lease and other arrangements$85 $219 
Settlement of PRSU awards$109 $62 
Accrued debt tender fees$— $95 
Schedule of Cash and Cash Equivalents
Cash, Cash Equivalents, and Restricted Cash
June 30, 2026December 31, 2025
Cash and cash equivalents$3,369 $4,566 
Restricted cash - recorded in prepaid expenses and other current assets4 4 
Total cash, cash equivalents, and restricted cash $3,373 $4,570 
Schedule of Restrictions Cash
Cash, Cash Equivalents, and Restricted Cash
June 30, 2026December 31, 2025
Cash and cash equivalents$3,369 $4,566 
Restricted cash - recorded in prepaid expenses and other current assets4 4 
Total cash, cash equivalents, and restricted cash $3,373 $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 June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income (loss)$162 $1,588 $(2,744)$1,139 
Less:
Net income attributable to noncontrolling interests(13)(7)(23)(15)
Net (income) loss attributable to redeemable noncontrolling interests— (1)— 3 
Net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$149 $1,580 $(2,767)$1,127 
Denominator — weighted average:
Common shares outstanding — basic2,511 2,477 2,501 2,469 
Dilutive effect of share-based awards64 22 — 31 
Common shares outstanding — diluted2,575 2,499 2,501 2,500 

Basic net income (loss) per share allocated to common stockholders$0.06 $0.64 $(1.11)$0.46 
Diluted net income (loss) per share allocated to common stockholders$0.06 $0.63 $(1.11)$0.45 
Earnings (loss) per share amounts may not recalculate due to rounding.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions).
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Anti-dilutive share-based awards20 81 96 66 
Schedule of Changes in the Components of Accumulated Other Comprehensive Loss, Net of Taxes
The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).
Three Months Ended June 30, 2026
Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(560)$20 $(102)$(642)
Other comprehensive income (loss) before reclassifications(46)(8)— (54)
Reclassifications from accumulated other comprehensive loss to net income— 8 — 8 
Other comprehensive income (loss)(46)— — (46)
Ending balance$(606)$20 $(102)$(688)
Three Months Ended June 30, 2025
Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(777)$11 $(74)$(840)
Other comprehensive income (loss) before reclassifications444 20 — 464 
Reclassifications from accumulated other comprehensive loss to net income
— 5 — 5 
Other comprehensive income (loss)444 25 — 469 
Ending balance
$(333)$36 $(74)$(371)
Six Months Ended June 30, 2026
Currency TranslationDerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(342)$39 $(104)$(407)
Other comprehensive income (loss) before reclassifications(264)(34)2 (296)
Reclassifications from accumulated other comprehensive loss to net income— 15 — 15 
Other comprehensive income (loss)(264)(19)2 (281)
Ending balance$(606)$20 $(102)$(688)
Six Months Ended June 30, 2025
Currency TranslationDerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive Loss
Beginning balance$(1,008)$15 $(74)$(1,067)
Other comprehensive income (loss) before reclassifications675 29 — 704 
Reclassifications from accumulated other comprehensive loss to net income— (8)— (8)
Other comprehensive income (loss)675 21 — 696 
Ending balance$(333)$36 $(74)$(371)