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Assets and Liabilities Measured at Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2025
Assets and Liabilities Measured at Fair Value |
Schedule of assets and liabilities measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at | ​ | Fair Value Measurements at | ​
​ | ​ | June 30, 2025 | ​ | December 31, 2024 | ​
​ |  | ​ | ​ |  | Quoted |  | ​ |  | ​ |  | Quoted |  | ​ |
​ | ​ | ​ | ​ | ​ | prices | ​ | ​ | ​ | ​ | ​ | prices | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in active | ​ | Significant | ​ | ​ | ​ | in active | ​ | Significant | ​
​ | ​ | ​ | ​ | ​ | markets | ​ | other | ​ | ​ | ​ | markets | ​ | other | ​
​ | ​ | ​ | ​ | ​ | for identical | ​ | observable | ​ | ​ | ​ | for identical | ​ | observable | ​
​ | ​ | ​ | ​ | ​ | assets | ​ | inputs | ​ | ​ | ​ | assets | ​ | inputs | ​
Description | ​ | Total | ​ | (Level 1) | ​ | (Level 2) | ​ | Total | ​ | (Level 1) | ​ | (Level 2) | ​
​ | ​ | amounts in millions | ​
Cash equivalents | ​ | $ | 774 |  | 774 |  | — |  | 2,466 |  | 2,466 |  | — | ​
Financial instrument assets | ​ | $ | 244 |  | 101 |  | 143 |  | 167 |  | 84 |  | 83 | ​
Debt | ​ | $ | 2,405 |  | — |  | 2,405 |  | 2,144 |  | — |  | 2,144 | ​
Financial instrument liabilities | ​ | $ | 90 | ​ | — | ​ | 90 | ​ | 138 | ​ | — | ​ | 138 | ​
Schedule of realized and unrealized gains (losses) on financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
​ | ​ | amounts in millions | ​
Debt measured at fair value (a) | ​ | $ | (252) | ​ | 66 | ​ | (253) | ​ | (3) | ​
Foreign currency forward contracts | ​ | ​ | 227 | ​ | 8 | ​ | 335 | ​ | 8 | ​
Live Nation Forward Contracts | ​ | ​ | (90) | ​ | — | ​ | (90) | ​ | — | ​
Interest rate swaps | ​ | ​ | (18) | ​ | 13 | ​ | (53) | ​ | 54 | ​
Other | ​ |  | 4 |  | — |  | (3) |  | 7 | ​
​ | ​ | $ | (129) |  | 87 |  | (64) |  | 66 | ​
| (a) | The Company elected to account for its exchangeable senior debentures and convertible notes (as described in note 8) using the fair value option. Changes in the fair value of the exchangeable senior debentures and convertible notes recognized in the condensed consolidated statements of operations are due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable. The Company isolates the portion of the unrealized gain (loss) attributable to changes in the instrument specific credit risk and recognizes such amount in other comprehensive earnings (loss). The change in the fair value of the exchangeable senior debentures and convertible notes attributable to changes in the instrument specific credit risk was a gain of $13 million and gain of $30 million for the three months ended June 30, 2025 and 2024, respectively, and a loss of $8 million and a loss of $8 million for the six months ended June 30, 3025 and 2024, respectively. The cumulative change since issuance was a gain of $43 million as of June 30, 2025, net of the recognition of previously unrecognized gains and losses.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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