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Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Three Months Ended
March 31,
(in millions)2025
2024(a)
Domestic broadband$6,558 $6,446 
Domestic wireless1,123 972 
International connectivity1,132 1,033 
Total residential connectivity8,813 8,451 
Video
6,718 7,104 
Advertising
881 951 
Other
1,230 1,362 
Total Residential Connectivity & Platforms Segment
17,642 17,868 
Total Business Services Connectivity Segment2,496 2,407 
Domestic advertising1,886 2,025 
Domestic distribution2,922 2,906 
International networks
1,162 1,021 
Other470 420 
Total Media Segment
6,440 6,371 
Content licensing
2,174 2,101 
Theatrical286 330 
Other366 312 
Total Studios Segment
2,826 2,743 
Total Theme Parks Segment1,876 1,979 
Other revenue
752 779 
Eliminations(b)
(2,146)(2,089)
Total revenue$29,887 $30,058 
(a)Beginning in the first quarter of 2025, commission revenue from the sale of certain direct to consumer (“DTC”) streaming services and revenue related to certain equipment are presented in video revenue. Previously, these amounts were presented in domestic broadband and international connectivity. Prior periods have been reclassified to reflect the current year presentation.
(b)See Note 2 for additional information on intersegment revenue transactions.
Schedule of Receivables, Net
Condensed Consolidated Balance Sheets
The table below summarizes our accounts receivable and other balances that are not separately presented in our condensed consolidated balance sheets that relate to the recognition of revenue and collection of the related cash.
(in millions)March 31,
2025
December 31,
2024
Receivables, gross$13,603 $14,399 
Less: Allowance for credit losses722 738 
Receivables, net$12,881 $13,661 
Noncurrent receivables, net (included in other noncurrent assets, net)$1,806 $1,853 
Noncurrent deferred revenue (included in other noncurrent liabilities)$664 $665 
Schedule of Other Balance Sheet Accounts
Our accounts receivables include amounts not yet billed related to equipment installment plans, as summarized in the table below.
(in millions)March 31,
2025
December 31,
2024
Receivables, net$1,869 $1,827 
Noncurrent receivables, net (included in other noncurrent assets, net)1,211 1,225 
Total$3,081 $3,052