Noncontrolling Interests (Notes)

9 Months Ended

Sep. 30, 2025

Noncontrolling interests represents consolidated subsidiaries of which the Company owns less than 100%. The Company is a holding company whose principal asset is a controlling equity interest in Charter Holdings, the indirect owner of the Company’s cable systems. Noncontrolling interests on the Company’s balance sheet consist primarily of Advance/Newhouse Partnership's (“A/N”) equity interests in Charter Holdings, which is comprised of a common ownership interest.

Net income of Charter Holdings attributable to A/N’s common noncontrolling interest for financial reporting purposes is based on the weighted average effective common ownership interest of approximately 10%, and was $179 million and $564 million

for the three and nine months ended September 30, 2025, respectively, and $193 million and $558 million for the three and nine months ended September 30, 2024, respectively.

The following table represents Charter Holdings' purchase of Charter Holdings common units from A/N and the effect on total shareholders' equity during the three and nine months ended September 30, 2025 and 2024.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Number of units purchased	312,960		148,147		996,296		579,914
Purchase of noncontrolling interest	$	121	$	44	$	373	$	185
Carrying value of noncontrolling interest purchased	$	(88)	$	(36)	$	(273)	$	(136)
Excess purchased recorded to additional paid-in-capital, net of tax	$	(25)	$	(6)	$	(75)	$	(38)

Total shareholders' equity was also adjusted during the three and nine months ended September 30, 2025 and 2024 due to the changes in Charter Holdings' ownership as follows.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Change in noncontrolling interest	$	(2)	$	6	$	(40)	$	7
Change in additional paid-in-capital, net of tax	$	1	$	(3)	$	30	$	(5)