Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 47

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Three Months Ended March 31, 2024Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive LossBeginning balance$(699)$18 $(60)$(741)Other comprehensive income (loss) before reclassifications(176)13 — (163)Reclassifications from accumulated other comprehensive loss to net income— (9)— (9)Other comprehensive income (loss)(176)4 — (172)Ending balance$(875)$22 $(60)$(913)

NOTE 14. RELATED PARTY TRANSACTIONS

In the normal course of business, the Company enters into transactions with related parties. Related party transactions include revenues and expenses for content and services provided to or acquired from equity method investees, entities that share common directorship, or minority partners of consolidated subsidiaries. The table below presents a summary of the transactions with related parties (in millions).Three Months Ended March 31,20252024Revenues and service charges (a)$214 $653 Expenses$68 $77 Distributions to noncontrolling interests and redeemable noncontrolling interests$157 $130 (a) The decrease in revenue and service charges in 2025 is primarily attributable to transactions with certain entities that are no longer considered related parties, as such entities and the Company ceased to share common directorship in 2025.The table below presents receivables due from and payables due to related parties (in millions).March 31, 2025December 31, 2024Receivables$238 $254 Payables$27 $13 

NOTE 15. COMMITMENTS AND CONTINGENCIES

Put RightsThe Company has granted put rights to non-controlling interest holders in certain consolidated subsidiaries but is unable to reasonably predict the ultimate amount or timing of any payment.Legal MattersFrom time to time, in the normal course of its operations, the Company is subject to various litigation matters and claims, including claims related to employees, stockholders, vendors, other business partners, government regulations, or intellectual property, as well as disputes and matters involving counterparties to contractual agreements. A determination as to the amount of the accrual required for such contingencies is highly subjective and requires judgment about future events.The Company may not currently be able to estimate the reasonably possible loss or range of loss for certain matters until developments in such matters have provided sufficient information