v3.26.1
Discontinued Operations - Earnings and loss (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Earnings (loss) from Discontinued Operations        
Realized and unrealized gains (losses) on financial instruments, net $ (1) $ 160 $ 56 $ 235
Net earnings (loss) from discontinued operations   (182)   (194)
Spin off        
Earnings (loss) from Discontinued Operations        
Selling, general and administrative   7   11
Total cost and operating expenses   7   11
Operating income (loss)   (7)   (11)
Interest expense   (8)   (15)
Share of earnings (losses) of affiliates, net   69   73
Realized and unrealized gains (losses) on financial instruments, net   (289)   (299)
Other, net   4   6
Total non operating income (expenses)   (224)   (235)
Earnings (loss) from discontinued operations before income taxes   (231)   (246)
Income tax (expense) benefit   49   52
Net earnings (loss) from discontinued operations   (182)   (194)
Net earnings (loss) from discontinued operations attributable to Liberty stockholders   $ (182)   $ (194)