Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 139

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 139
---
, issued under the OECD Inclusive Framework on Base Erosion and Profit Shifting, introduce a global minimum tax of 15% applicable to multinational enterprise groups with consolidated financial statement revenue in excess of €750 million. Numerous foreign jurisdictions have already enacted tax legislation based on the GloBE rules, with some effective as early as January 1, 2024. As of September 30, 2025, we recognized an immaterial income tax expense for Pillar Two GloBE minimum tax. The Company is continuously monitoring the evolving application of this legislation and assessing its potential impact on our future tax liability.On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the United States, introducing a broad range of tax reform provisions. The impact of the OBBBA primarily affected the Company’s deferred tax liabilities and has been reflected in the Company’s financial statements for the period ended September 30, 2025. The Company continues to monitor regulatory guidance related to the implementation of the OBBBA and will update its tax positions as necessary in future periods.

23

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

NOTE 13. SUPPLEMENTAL DISCLOSURES

The following tables present supplemental information related to the consolidated financial statements (in millions).Other (Expense) Income, netOther (expense) income, net, consisted of the following (in millions).Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Foreign currency (losses) gains, net$(66)$(15)$22 $(206)(Losses) gains on derivative instruments, net(3)(6)38 (29)Change in the value of investments with readily determinable fair value4 (5)8 (7)Gain on sale of equity method investments— — — 203 Change in fair value of equity investments without readily determinable fair value— — (4)(27)Interest income47 49 170 172 Indemnification receivable accrual(2)4 (45)100 Other (expense) income, net(10)3 2 (18)Total other (expense) income, net $(30)$30 $191 $188 Supplemental Cash Flow InformationNine Months Ended September 30,20252024Non-cash investing and financing activities:Assets acquired under finance lease