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RESTRUCTURING AND OTHER CHARGES

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

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