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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 253 $ 453
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 592 588
Stock-based compensation expense 58 57
Amortization of debt financing costs, debt discounts and premium 6 9
Gain on disposal of an investment   (40)
Deferred income taxes (20) (26)
Payments for broadcast rights (249) (240)
Income from equity method investments, net (24) (52)
Distribution from equity method investments - return on capital 131 143
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 15 80
Prepaid and other current assets 6 (10)
Other noncurrent assets 3 (7)
Accounts payable (30) (99)
Accrued expenses and other current liabilities 44 0
Income tax payable (45) 6
Other noncurrent liabilities (50) (30)
Other 11 7
Net cash provided by operating activities 701 839
Cash flows from investing activities:    
Purchases of property and equipment (94) (110)
Payments for acquisitions, net of cash acquired (22)  
Proceeds from disposal of an investment   40
Other investing activities, net (2) 2
Net cash used in investing activities (118) (68)
Cash flows from financing activities:    
Proceeds from debt issuance, net of debt discounts 3,393 55
Repayments of long-term debt (3,568) (201)
Purchase of treasury stock (125) (423)
Common stock dividends paid (169) (167)
Payments for capitalized software obligations (14) (13)
Contribution from redeemable noncontrolling interests   19
Cash paid for shares withheld for taxes   (8)
Other financing activities, net (8) 1
Net cash used in financing activities (491) (737)
Net increase in cash and cash equivalents 92 34
Cash and cash equivalents at beginning of period 144 147
Cash and cash equivalents at end of period 236 181
Supplemental information:    
Interest paid 294 344
Income taxes paid, net of refunds 175 187
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals 9 9
Capitalized software in other current and noncurrent liabilities 24 11
Right-of-use assets obtained in exchange for operating lease obligations $ 42 $ 28