XML 59 R47.htm IDEA: XBRL DOCUMENT
v3.26.1

SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Additional Financial Information Disclosure [Abstract] |
Schedule of Components of Other Items, Net | The following table presents the components of “Other items, net” on the Consolidated Statements of Operations.
|  |  | Successor |  |  | Predecessor
|  |  | Period From August 7 - December 31, |  |  | Period From January 1 - August 6, |  | Year Ended December 31,
|  |  |  |  | 2025 |  |  | 2025 |  | 2024 |  | 2023
Pension and postretirement benefit costs |  |  |  |  |  | $ | (35) |  |  |  |  |  | $ | (80) |  |  |  | $ | (139) |  |  | $ | (153) |
Foreign exchange losses |  |  |  |  |  | (5) |  |  |  |  |  | (11) |  |  |  | (47) |  |  | (66) |
Other |  |  |  |  |  | 1 |  |  |  |  |  | (1) |  |  |  | 4 |  |  | 3 |
Other items, net |  |  |  |  |  | $ | (39) |  |  |  |  |  | $ | (92) |  |  |  | $ | (182) |  |  | $ | (216) |
Schedule of Supplemental Cash Flow Information | The income taxes paid (net of refunds) were as follows:
| Successor |  |  | Predecessor
| Period From August 7 - December 31, |  |  | Period From January 1 - August 6,
| 2025 |  |  | 2025
Federal |  | $ | — |  |  |  |  |  | $ | 196 |  |
State and local: |  |  |  |  |  |  |  |
Hawaii |  | — |  |  |  |  |  | (49) |  |
Other |  | 19 |  |  |  |  |  | 9 |  |
Foreign: |  |  |  |  |  |  |  |
Canada |  | 14 |  |  |  |  |  | (21) |  |
Italy |  | 12 |  |  |  |  |  | 5 |  |
United Kingdom |  | 2 |  |  |  |  |  | 17 |  |
Other |  | 23 |  |  |  |  |  | 44 |  |
Total |  | $ | 70 |  |  |  |  |  | $ | 201 |  |
Supplemental Cash Flow Information
| Successor |  |  | Predecessor
| Period From August 7 - December 31, |  |  | Period From January 1 - August 6, |  | Year Ended December 31,
| 2025 |  |  | 2025 |  | 2024 |  | 2023
Cash paid for interest |  | $ | 296 |  |  |  |  |  | $ | 524 |  |  |  | $ | 833 |  |  | $ | 901 |
Cash paid for income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Continued operations |  | $ | 70 |  |  |  |  |  | $ | 201 |  |  |  | $ | 184 |  |  | $ | 22 |
Discontinued operations |  | — |  |  |  |  |  | — |  |  |  | — |  |  | 85 |
Total cash paid for income taxes |  | $ | 70 |  |  |  |  |  | $ | 201 |  |  |  | $ | 184 |  |  | $ | 107 |
Schedule of Net Earnings from Discontinued Operations | The following table sets forth details of net earnings from discontinued operations for the year ended December 31, 2023, which primarily relates to Simon & Schuster.
Year Ended December 31, 2023 | Simon & Schuster |  | Other (a) |  | Total
Revenues |  | $ | 958 |  |  |  | $ | — |  |  |  | $ | 958 |
Costs and expenses: |  |  |  |  |  |  |  |
Operating |  | 580 |  |  |  | (12) |  |  |  | 568 |
Selling, general and administrative |  | 149 |  |  |  | — |  |  |  | 149 |
Restructuring charges |  | 2 |  |  |  | — |  |  |  | 2 |
Total costs and expenses |  | 731 |  |  |  | (12) |  |  |  | 719 |
Operating income |  | 227 |  |  |  | 12 |  |  |  | 239 |
Other items, net |  | (9) |  |  |  | — |  |  |  | (9) |
Earnings from discontinued operations |  | 218 |  |  |  | 12 |  |  |  | 230 |
Benefit from (provision for) income taxes |  | 12 |  |  |  | (3) |  |  |  | 9 |
Earnings from discontinued operations, net of tax |  | 230 |  |  |  | 9 |  |  |  | 239 |
Gain on sale (net of tax of $258 million) (b) |  | 437 |  |  |  | — |  |  |  | 437 |
Net earnings from discontinued operations, net of tax |  | $ | 667 |  |  |  | $ | 9 |  |  |  | $ | 676 |
(a) Primarily relates to indemnification obligations for leases associated with the previously discontinued operations of Famous Players Inc. (b) The tax provision on the gain on sale differs from the amount that would be expected at the U.S. federal statutory income tax rate primarily because the goodwill was not deductible for tax purposes.

X
- Definition Additional Financial Information Disclosure [Abstract] + References No definition available. + Details
Name: | psky_AdditionalFinancialInformationDisclosureAbstract
Namespace Prefix: | psky_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Supplemental Income Statement Disclosure [Table Text Block] + References No definition available. + Details
Name: | psky_SupplementalIncomeStatementDisclosureTableTextBlock
Namespace Prefix: | psky_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration