Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 57

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.Level 3–Valuations derived from techniques in which one or more significant inputs are unobservable.

21

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

The tables below present assets and liabilities measured at fair value on a recurring basis (in millions).  September 30, 2025CategoryBalance Sheet LocationLevel 1Level 2Level 3TotalAssetsCash equivalents:Time depositsCash and cash equivalents$— $312 $— $312 Equity securities:Money market fundCash and cash equivalents56 — — 56 Mutual fundsPrepaid expenses and other current assets14 — — 14 Company-owned life insurance contractsPrepaid expenses and other current assets— 5 — 5 Mutual fundsOther noncurrent assets207 — — 207 Company-owned life insurance contractsOther noncurrent assets— 101 — 101 Total$277 $418 $— $695 LiabilitiesDeferred compensation planAccrued liabilities$69 $— $— $69 Deferred compensation planOther noncurrent liabilities678 — — 678 Total$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