Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 42

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 42
---
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 term loans. The carrying values for such financial instruments, other than the senior notes, each approximated their fair values as of March 31, 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 $30.8 billion and $34.9 billion as of March 31, 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.

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).Three Months Ended March 31, 2025AwardsWeighted-Average Grant PriceAwards granted:PRSUs4.6 $11.02 RSUs38.7 $10.99 Stock options4.2 $11.02 The table below presents unrecognized compensation cost related to non-vested share-based awards and the weighted-average amortization period over which these expenses will be recognized as of March 31, 2025 (in millions, except years).Unrecognized Compensation CostWeighted-Average Amortization Period(years)PRSUs$89 1.5RSUs802 1.7Stock options90 1.8Total unrecognized compensation cost$981 

20

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

NOTE