RESTRUCTURING AND OTHER CHARGES

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

In connection with the completion of its Merger with the WarnerMedia Business of AT&T on April 8, 2022, the Company has announced and has taken actions to implement projects to achieve cost synergies for the Company, which include, among other things, strategic content programming assessments, organization restructuring, facility consolidation activities, and other contract termination costs. While the Company’s restructuring efforts are ongoing, the merger-related restructuring program was considered to be substantially completed as of December 31, 2024. During 2023, the Company initiated a strategic realignment plan associated with its Warner Bros. Pictures Animation group. During 2024, the Company initiated two additional restructuring initiatives; an organizational and personnel restructuring plan and a restructuring initiative associated with its Warner Bros. Games group.

Restructuring and other charges by reportable segment and corporate and inter-segment eliminations were as follows (in millions).


	Year Ended December 31,
	2024		2023		2022
Studios	$	263	$	225	$	1,050
Networks	85		201		1,003
DTC	3		66		1,551
Corporate and inter-segment eliminations	96		93		153
Total restructuring and other charges	$	447	$	585	$	3,757

During the year ended December 31, 2024, restructuring and other charges primarily included organization restructuring costs of $246 million, content impairments and other content development costs and write-offs of $165 million, and contract terminations and other restructuring costs of $36 million. Facility consolidation impairment charges of $411 million were recorded in impairment and loss on dispositions in the consolidated statements of operations during the year ended December 31, 2024.

During the year ended December 31, 2023, restructuring and other charges primarily included content impairments and other content development costs and write-offs of $115 million, contract terminations and facility consolidation activities of $111 million, and organization restructuring costs of $359 million.

During the year ended December 31, 2022, restructuring and other charges primarily included charges related to strategic content programming initiatives, inclusive of content impairments, content development costs and write-offs, content contract terminations, and other content related charges of $3,133 million. In addition, there were restructuring charges related to organization restructuring of $607 million and facility consolidation activities and other contract terminations of $17 million.

Changes in restructuring liabilities recorded in accrued liabilities and other noncurrent liabilities by major category and by reportable segment and corporate were as follows (in millions).


	Studios		Networks		DTC		Corporate		Total
December 31, 2022	$	156	$	361	$	188	$	159	$	864

Contract termination accruals, net	48		16		8		15		87
Employee termination accruals, net	47		175		60		78		360
Other accruals	—		2		—		—		2
Cash paid	(153)		(352)		(176)		(172)		(853)
December 31, 2023	98		202		80		80		460
Contract termination accruals, net	—		1		—		3		4
Employee termination accruals, net	79		84		24		78		265
Other accruals	1		(2)		(20)		4		(17)
Cash paid	(83)		(180)		(53)		(107)		(423)
December 31, 2024	$	95	$	105	$	31	$	58	$	289