Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 137

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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747 $— $— $747 December 31, 2024CategoryBalance Sheet LocationLevel 1Level 2Level 3TotalAssetsCash equivalents:Time depositsCash and cash equivalents$— $95 $— $95 Equity securities:Money market fundsCash and cash equivalents46 — — 46 Mutual fundsPrepaid expenses and other current assets16 — — 16 Company-owned life insurance contractsPrepaid expenses and other current assets— 1 — 1 Mutual fundsOther noncurrent assets216 — — 216 Company-owned life insurance contractsOther noncurrent assets— 102 — 102 Total$278 $198 $— $476 LiabilitiesDeferred compensation planAccrued liabilities$62 $— $— $62 Deferred compensation planOther noncurrent liabilities650 — — 650 Total$712 $— $— $712 In addition to the financial instruments listed in the tables above, the Company holds other financial instruments, including cash deposits, accounts receivable, accounts payable, senior notes, and a bridge loan. The carrying values for such financial instruments, other than the senior notes, each approximated their fair values as of September 30, 2025 and December 31, 2024. The estimated fair value of the Company’s outstanding senior notes, including accrued interest, using quoted prices from over-the-counter markets, considered Level 2 inputs, was $15.8 billion and $34.9 billion as of September 30, 2025 and December 31, 2024, respectively.The Company’s derivative financial instruments are discussed in Note 9, its investments with readily determinable fair value are discussed in Note 7, and the obligation for its revolving receivable program is discussed in Note 5.

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WARNER BROS. DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

NOTE 11. SHARE-BASED COMPENSATION

The Company has various incentive plans under which performance based restricted stock units (“PRSUs”), service based restricted stock units (“RSUs”), and stock options have been issued. The table below presents awards granted (in millions, except weighted-average grant price).Nine Months Ended September 30, 2025AwardsWeighted-Average Grant PriceAwards granted:PRSUs4.7 $11.04 RSUs42.3