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RESTRUCTURING AND OTHER CHARGES | 3 Months Ended
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Mar. 31, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND OTHER CHARGES | RESTRUCTURING AND OTHER CHARGES The Company periodically initiates restructuring programs, which may include, among other things, strategic content programming assessments, organization restructuring, facility consolidation activities, and other contract termination costs. During 2024, the Company initiated two 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 segments and corporate and inter-segment eliminations were as follows (in millions).
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Streaming |  | $ | 12 |  |  | $ | 2 |  |  |  |  |
Studios |  | (5) |  |  | 11 |  |  |  |  |
Global Linear Networks |  | 16 |  |  | 11 |  |  |  |  |
Corporate and inter-segment eliminations |  | 31 |  |  | 11 |  |  |  |  |
Total restructuring and other charges |  | $ | 54 |  |  | $ | 35 |  |  |  |  |
During the three months ended March 31, 2025 and 2024, restructuring and other charges were primarily related to organization restructuring costs and consulting fees. Changes in restructuring liabilities recorded in accrued liabilities and other noncurrent liabilities by major category and by reportable segment and corporate and inter-segment eliminations were as follows (in millions).
|  |  |  |  |  | Streaming |  | Studios |  | Global Linear Networks |  | Corporate |  | Total
December 31, 2024 |  |  |  |  |  | $ | 31 |  |  | $ | 95 |  |  | $ | 105 |  |  | $ | 58 |  |  | $ | 289 |
Employee termination accruals, net |  |  |  |  |  | 12 |  |  | (5) |  |  | 14 |  |  | 8 |  |  | 29 |
Other accruals and adjustments |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | 24 |
Cash paid |  |  |  |  |  | (3) |  |  | (24) |  |  | (26) |  |  | (27) |  |  | (80) |
March 31, 2025 |  |  |  |  |  | $ | 40 |  |  | $ | 66 |  |  | $ | 93 |  |  | $ | 63 |  |  | $ | 262 |

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- References No definition available. + Details
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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