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Restructuring and Other (Tables)

3 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Other

Restructuring and other costs and other unusual charges included in direct operating expense for the three months ended June 30, 2026 and 2025 were as follows:

									Three Months Ended
									June 30,
															2026						2025
															(Amounts in millions)
Restructuring and other:
Severance(1)															2.3						1.7
Transaction and other costs(2)															0.6						3.1
Total restructuring and other															2.9						4.8
Other unusual charges not included in restructuring and other or the Company’s operating segments:
Unallocated rent cost included in direct operating expense(3)															5.1						5.4
Total restructuring and other and other unusual charges not included in restructuring and other															$	8.0					$	10.2

___________________

(1)Severance costs were primarily related to workforce reduction actions undertaken in connection with restructuring activities, as well as other cost-reduction initiatives.

(2)Transaction and other costs primarily relate to transaction, integration and legal costs incurred in connection with certain strategic transactions and restructuring activities, as well as costs associated with certain legal matters. For the three months ended June 30, 2025, transaction costs associated with the Starz Separation are excluded, as such amounts are classified within discontinued operations.

(3)Amounts represent rent cost for production facilities that were unutilized due to lower demand following the industry strikes and, as such, were not allocated to the Company’s segments.

Changes in the severance accrual were as follows for the three months ended June 30, 2026 and 2025:

			June 30,
			2026						2025
			(Amounts in millions)
Severance liability
Beginning balance			$	12.0					$	23.6
Accruals			1.5						2.8
Severance payments			(8.4)						(16.3)
Ending balance(1)			$	5.1					$	10.1

___________________

(1)As of June 30, 2026, the remaining severance liability of approximately $5.1 million is expected to be paid in the next 12 months.

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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