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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | Note 8: Leases The Company as a Lessee The Company has operating leases for office spaces, tower facilities, antenna sites, studios and other real estate properties and equipment. The operating leases have remaining lease terms of one month to 89 years, some of which may include options to extend the leases from one year to 99 years, and some of which may include options to terminate the leases within one year. Lease contracts that the Company has executed but which have not yet commenced as of September 30, 2025 were not material. Supplemental balance sheet information related to operating leases was as follows ($ in millions):
|  | Balance Sheet Classification |  | September 30, 2025 |  |  | December 31, 2024 |
Operating lease right-of-use assets, net |  | Other noncurrent assets, net |  | $ | 282 |  |  | $ | 276 |
Current operating lease liabilities |  | Operating lease liabilities |  | $ | 41 |  |  | $ | 37 |
Noncurrent operating lease liabilities |  | Other noncurrent liabilities |  | $ | 262 |  |  | $ | 253 |
Weighted Average Remaining Lease Term of Operating leases |  | 8 years |  |  | 8 years |
Weighted Average Discount Rate of Operating leases |  |  | 4.6 | % |  |  | 4.9 | %
Operating lease expense for the three months ended September 30, 2025 was $14 million, of which $6 million and $8 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations. Operating lease expense for the three months ended September 30, 2024 was $16 million, of which $7 million and $9 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations. Operating lease expense for the nine months ended September 30, 2025 was $45 million, of which $20 million and $25 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations. Operating lease expense for the nine months ended September 30, 2024 was $50 million, of which $22 million and $28 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations. Cash paid for operating leases included in the operating cash flows was $44 million and $48 million for the nine months ended September 30, 2025 and 2024, respectively. Future minimum lease payments under non-cancellable leases as of September 30, 2025 were as follows (in millions):
|  | Operating Leases |
Remainder of 2025 |  | $ | 13 |
2026 |  |  | 53 |
2027 |  |  | 49 |
2028 |  |  | 46 |
2029 |  |  | 42 |
2030 |  |  | 36 |
Thereafter |  |  | 130 |
Total future minimum lease payments |  |  | 369 |
Less: imputed interest |  |  | (66 | )
Total |  | $ | 303 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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