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Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2025

Retirement Benefits [Abstract]

Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount

Included in the accompanying unaudited consolidated statements of operations are the following amounts of share-based compensation expense:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2025						2024						2025						2024
Cost of services:
Programming and content			$	9					$	9					$	28					$	26
Customer service and billing			1						1						4						4
Transmission			1						1						5						4
Sales and marketing			10						11						36						34
Product and technology			8						11						26						34
General and administrative			13						25						41						52
			$	42					$	58					$	140					$	154

Schedule of Fair Value of Options Granted

The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees, members of our board of directors and non-employees under the Sirius XM Awards during the nine months ended September 30, 2024:

															For the Nine Months Ended September 30,
																					2024
Risk-free interest rate																					4.4%
Expected life of options — years																					3.76
Expected stock price volatility																					40%
Expected dividend yield																					2.8%

Schedule of Stock Options Activity Under Share-based Payment Plans

The following table summarizes stock option activity under our share-based plans for the nine months ended September 30, 2025:

			Options						WAEP						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value
Outstanding as of January 1, 2025			18						$	49.69
Granted			—						$	—
Exercised			—						$	—
Forfeited, cancelled or expired			(2)						$	45.62
Outstanding as of September 30, 2025			16						$	50.27					3.68						$	—
Exercisable as of September 30, 2025			13						$	51.00					3.07						$	—

Schedule of Restricted Stock Unit and Stock Award Activity

The following table summarizes the RSU, including PRSU, activity under our share-based plans for the nine months ended September 30, 2025:

			Shares						GDFV Per Share
Nonvested as of January 1, 2025			12						$	42.33
Granted			10						$	25.55
Vested			(3)						$	47.19
Forfeited			(3)						$	33.69
Nonvested as of September 30, 2025			16						$	31.31

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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