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ACQUISITIONS AND DISPOSITIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Components of Aggregate Purchase Consideration | The following table summarizes the components of the aggregate purchase consideration paid to acquire WM (in millions).
Fair value of WBD common stock issued to AT&T shareholders (1) |  | $ | 42,309 |
Estimated fair value of share-based compensation awards attributable to pre-combination services (2) |  | 94 |
Settlement of preexisting relationships (3) |  | (27) |
Purchase consideration |  | $ | 42,376 |
(1) The fair value of WBD common stock issued to AT&T shareholders represents approximately 1,732 million shares of WBD common stock multiplied by the closing share price for Discovery Series A common stock of $24.43 on Nasdaq on the Closing Date. The number of shares of WBD common stock issued in the Merger was determined based on the number of fully diluted shares of Discovery, Inc. common stock immediately prior to the closing of the Merger, multiplied by the quotient of 71%/29%. (2) This amount represents the value of AT&T restricted stock unit awards that were not vested and were replaced by WBD restricted stock unit awards with similar terms and conditions as the original AT&T awards. The conversion was based on the ratio of the volume-weighted average per share closing price of AT&T common stock on the ten trading days prior to the Closing Date and the volume-weighted average per share closing price of WBD common stock on the ten trading days following the Closing Date. The fair value of replacement equity-based awards attributable to pre-Merger service was recorded as part of the consideration transferred in the Merger. See Note 15 for additional information. (3) The amount represents the effective settlement of outstanding payables and receivables between the Company and WM. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Allocation of the Purchase Price to the Assets Acquired and Liabilities Assumed | The allocation of the purchase price to the assets acquired and liabilities assumed, measurement period adjustments, and a reconciliation to total consideration transferred is presented in the table below (in millions).
|  | Preliminary April 8, 2022 |  | Measurement Period Adjustments |  | Final April 8, 2022
Cash |  | $ | 2,419 |  |  | $ | (10) |  |  | $ | 2,409 |
Accounts receivable |  | 4,224 |  |  | (60) |  |  | 4,164 |
Other current assets |  | 4,619 |  |  | (133) |  |  | 4,486 |
Film and television content rights and games |  | 28,729 |  |  | (344) |  |  | 28,385 |
Property and equipment |  | 4,260 |  |  | 13 |  |  | 4,273 |
Goodwill |  | 21,513 |  |  | 596 |  |  | 22,109 |
Intangible assets |  | 44,889 |  |  | 100 |  |  | 44,989 |
Other noncurrent assets |  | 5,206 |  |  | 283 |  |  | 5,489 |
Current liabilities |  | (10,544) |  |  | 12 |  |  | (10,532) |
Debt assumed |  | (41,671) |  |  | (9) |  |  | (41,680) |
Deferred income taxes |  | (13,264) |  |  | 492 |  |  | (12,772) |
Other noncurrent liabilities |  | (8,004) |  |  | (940) |  |  | (8,944) |
Total consideration paid |  | $ | 42,376 |  |  | $ | — |  |  | $ | 42,376 |
Schedule of Intangible Assets Acquired, Exclusive of Content Assets, and Weighted Average Useful Life of Assets | The table below presents a summary of intangible assets acquired, exclusive of content assets, and the weighted average useful life of these assets.
|  | Fair Value |  | Weighted Average Useful Life in Years |  |  |
Trade names |  | $ | 21,084 |  |  | 34 |  |  |
Affiliate, advertising and subscriber relationships |  | 14,800 |  |  | 6 |  |  |
Franchises |  | 7,900 |  |  | 35 |  |  |
Other intangible assets |  | 1,205 |  |  |  |  |  |
Total intangible assets acquired |  | $ | 44,989 |  |  |  |  |  |
Schedule of WM Revenue and Earnings as Reported and Pro Forma Combined Revenues and Net Loss | The following table presents WM revenue and earnings as reported within the consolidated financial statements (in millions).
|  | Year Ended December 31, 2022
Revenues: |  |
Advertising |  | $ | 2,849 |
Distribution |  | 10,980 |
Content |  | 10,001 |
Other |  | 720 |
Total revenues |  | 24,550 |
Inter-segment eliminations |  | (2,225) |
Net revenues |  | $ | 22,325 |
Net loss available to Warner Bros. Discovery, Inc. |  | $ | (7,202) |
The following table presents the Company’s pro forma combined revenues and net loss (in millions).
|  |  | Year Ended December 31, 2022
Revenues |  |  |  | $ | 43,095 |
Net loss available to Warner Bros. Discovery, Inc. |  |  |  | (5,359) |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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