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SUPPLEMENTAL DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment

Property and equipment consisted of the following (in millions).

									December 31,
			Useful Lives						2024						2023
Equipment, furniture, fixtures and other (a)			3 - 7 years						$	2,613					$	2,056
Capitalized software costs			1 - 5 years						3,076						2,629
Land, buildings and leasehold improvements (b)			15- 30 years						3,832						4,013
Property and equipment, at cost									9,521						8,698
Accumulated depreciation									(4,035)						(3,085)
									5,486						5,613
Assets under construction									601						344
Property and equipment, net									$	6,087					$	5,957
(a) Property and equipment includes assets acquired under finance lease arrangements. Assets acquired under finance lease arrangements are generally amortized using the straight-line method over the lesser of the estimated useful lives of the assets or the terms of the related leases. (See Note 12.)
(b) Land has an indefinite life and is not depreciated. Leasehold improvements generally have an estimated useful life equal to the lease term.

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in millions).

			December 31,
			2024						2023
Production receivables			$	979					$	1,265
Content rights and prepaid license fees			784						843
Other current assets			2,056						2,283
Total prepaid expenses and other current assets			$	3,819					$	4,391

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in millions).

			December 31,
			2024						2023
Accrued participation and residuals			$	2,953					$	3,071
Accrued production and content rights payable			1,758						2,118
Accrued payroll and related benefits			1,495						1,541
Other accrued liabilities			4,232						3,638
Total accrued liabilities			$	10,438					$	10,368

Schedule of Other Income (Expense), Net

Other income (expense), net, consisted of the following (in millions).

						Year Ended December 31,
						2024						2023						2022
Foreign currency losses, net						$	(323)					$	(173)					$	(150)
(Losses) gains on derivative instruments, net						(9)						28						475
Change in the value of investments with readily determinable fair value						(1)						37						(105)
Change in the value of equity investments without readily determinable fair value						(11)						(73)						(142)
Gain on sale of equity method investments						194						—						195
Interest income						210						179						67
Indemnification receivable accrual						77						(53)						—
Other income, net						13						26						7
Total other income (expense), net						$	150					$	(29)					$	347

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information

						Year Ended December 31,
						2024						2023						2022
Cash paid for taxes, net						$	1,113					$	1,440					$	1,027
Cash paid for interest						1,996						2,237						1,539
Non-cash investing and financing activities:
Accrued purchases of property and equipment						36						41						66
Assets acquired under finance lease and other arrangements						390						235						53
Non-cash settlement of PRSU awards						59						35						—
Accrued advances for Venu Sports						11						—						—
Non-cash consideration related to the sale and purchase of the Ranch and Burbank Studios Lots						—						350						—
Non-cash consideration related to the transaction agreements with JCOM						—						70						—
Non-cash consideration related to MegaMedia put exercise						—						36						—
Equity issued for the acquisition of WarnerMedia						—						—						42,309
Non-cash consideration related to the sale of The CW Network						—						—						126
Accrued consideration for the joint venture with BT						—						—						90

Schedule of Cash and Cash Equivalents

Cash, Cash Equivalents, and Restricted Cash

																		December 31, 2024						December 31, 2023
Cash and cash equivalents																		$	5,312					$	3,780
Restricted cash - other current assets (a)																		104						539
Total cash, cash equivalents, and restricted cash																		$	5,416					$	4,319
(a) Restricted cash at December 31, 2024 primarily included cash posted as collateral related to the Company’s revolving receivables program. Restricted cash at December 31, 2023 primarily included cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 8 and Note 13.)

Schedule of Restricted Cash

Cash, Cash Equivalents, and Restricted Cash

																		December 31, 2024						December 31, 2023
Cash and cash equivalents																		$	5,312					$	3,780
Restricted cash - other current assets (a)																		104						539
Total cash, cash equivalents, and restricted cash																		$	5,416					$	4,319
(a) Restricted cash at December 31, 2024 primarily included cash posted as collateral related to the Company’s revolving receivables program. Restricted cash at December 31, 2023 primarily included cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 8 and Note 13.)

Schedule of Supplier Finance Program

Changes in confirmed accrued content producer liabilities were as follows (in millions). These amounts were outstanding and unpaid by the Company and were recorded in accrued liabilities on the consolidated balance sheets, given the principal purpose of the arrangement is to allow producers access to funds prior to the typical payment due date and the arrangement does not significantly change the nature of the payables and does not significantly extend the payment terms beyond the industry norms.

						Year Ended December 31,
						2024						2023
Obligations outstanding at the beginning of the year						$	338					$	273
Invoices confirmed during the year						949						735
Invoices paid during the year						(980)						(671)
Foreign currency translation and other adjustments						—						1
Obligations outstanding at the end of the year						$	307					$	338

Schedule of Changes in the Components of Accumulated Other Comprehensive Loss, Net of Taxes

The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).

						Currency Translation						Derivative Adjustments						Pension Plans						Accumulated Other Comprehensive Income (Loss)
December 31, 2021						$	(845)					$	28					$	(13)					$	(830)
Other comprehensive income (loss) before reclassifications						(651)						4						(26)						(673)
Reclassifications from accumulated other comprehensive loss to net income						(2)						(18)						—						(20)
Other comprehensive income (loss)						(653)						(14)						(26)						(693)
December 31, 2022						(1,498)						14						(39)						(1,523)
Other comprehensive income (loss) before reclassifications						799						16						(21)						794
Reclassifications from accumulated other comprehensive loss to net income						—						(12)						—						(12)
Other comprehensive income (loss)						799						4						(21)						782
December 31, 2023						(699)						18						(60)						(741)
Other comprehensive income (loss) before reclassifications						(358)						32						(14)						(340)
Reclassifications from accumulated other comprehensive loss to net income						49						(35)						—						14
Other comprehensive income (loss)						(309)						(3)						(14)						(326)
December 31, 2024						$	(1,008)					$	15					$	(74)					$	(1,067)

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