XML 26 R10.htm IDEA: XBRL DOCUMENT
v3.25.2

Discontinued Operations | 6 Months Ended
--- | ---
Jun. 30, 2025
Discontinued Operations |
Discontinued Operations | (2) Discontinued Operations On September 9, 2024, Liberty completed the split-off of its wholly owned subsidiary, Liberty Sirius XM Holdings (the “Liberty Sirius XM Holdings Split-Off”). The Liberty Sirius XM Holdings Split-Off was accomplished through the redemption by the Company of each outstanding share of Liberty SiriusXM common stock in exchange for 0.8375 of a share of Liberty Sirius XM Holdings common stock, with cash paid in lieu of fractional shares. Liberty Sirius XM Holdings was comprised of the businesses, assets and liabilities attributed to the Liberty SiriusXM Group immediately prior to the Liberty Sirius XM Holdings Split-Off. The Liberty Sirius XM Holdings Split-Off was intended to be tax-free to holders of Liberty SiriusXM common stock (except with respect to cash received in lieu of fractional shares). Following the Liberty Sirius XM Holdings Split-Off, on September 9, 2024, a wholly owned subsidiary of Liberty Sirius XM Holdings merged with and into Sirius XM Holdings, with Sirius XM Holdings surviving the merger as a wholly owned subsidiary of Liberty Sirius XM Holdings (the “Merger” and, together with the Liberty Sirius XM Holdings Split-Off, the “Transactions”). As a result of the Transactions, Liberty Sirius XM Holdings became an independent public company separate from Liberty. As disclosed in note 1, Liberty Sirius XM Holdings is presented as a discontinued operation in the Company’s condensed consolidated financial statements as the Liberty Sirius XM Holdings Split-Off represents a strategic shift that had a major effect on the Company’s operations and financial results. The following table provided details about the major classes of line items constituting earnings (loss) from discontinued operations, net of tax as presented in the condensed consolidated statements of operations. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended |  | Six months ended | ​
​ | ​ | June 30, 2024 | ​ | June 30, 2024 | ​
​ | ​ | amounts in millions | ​
Revenue | ​ | $ | 2,178 |  |  | 4,340 |  | ​
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below) | ​ | ​ | 1,023 | ​ | ​ | 2,060 | ​ | ​
Operating expense | ​ |  | 163 |  |  | 339 |  | ​
Selling, general and administrative | ​ |  | 361 |  |  | 733 |  | ​
Impairment, restructuring and acquisition costs | ​ | ​ | 4 | ​ | ​ | 17 | ​ | ​
Depreciation and amortization | ​ |  | 156 |  |  | 311 |  | ​
​ | ​ |  | 1,707 |  |  | 3,460 |  | ​
Operating income (loss) | ​ |  | 471 |  |  | 880 |  | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (126) |  |  | (255) |  | ​
Other, net | ​ |  | 85 |  |  | 114 |  | ​
​ | ​ |  | (41) |  |  | (141) |  | ​
Earnings (loss) from discontinued operations before income taxes | ​ |  | 430 |  |  | 739 |  | ​
Income tax (expense) benefit | ​ |  | (81) |  |  | (149) |  | ​
Net earnings (loss) from discontinued operations | ​ |  | 349 |  |  | 590 |  | ​
Less net earnings (loss) from discontinued operations attributable to the noncontrolling interests | ​ |  | 50 |  |  | 92 |  | ​
Net earnings (loss) from discontinued operations attributable to Liberty stockholders | ​ | $ | 299 |  |  | 498 |  | ​
​

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration