10-Q – 2026-04-24 – R9.htm

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Accounts Payable, Accrued and Other Current Liabilities (Notes)

3 Months Ended

Mar. 31, 2026

Accounts Payable and Accrued Liabilities [Abstract]
 

Accounts Payable and Accrued Liabilities
Accounts Payable, Accrued and Other Current Liabilities Accounts payable, accrued and other current liabilities consist of the following as of March 31, 2026 and December 31, 2025:

March 31, 2026 December 31, 2025
Accounts payable – trade $ 1,049  $ 1,034 
Deferred revenue 456  422 
Accrued and other current liabilities:
Programming costs 1,608  1,575 
Labor 1,126  1,365 
Capital expenditures 3,239  3,296 
Interest 1,448  1,259 
Taxes and regulatory fees 477  521 
Short-term borrowings 812  918 
Other 2,160  2,166 
$ 12,375  $ 12,556 

Under a supply chain finance program, the Company has agreements with third parties that allow its participating vendors to finance payment obligations from the Company with designated third-party financial institutions who act as its paying agent. As a result, the Company has generally extended its payment terms with vendors. A participating vendor may request a participating financial institution to finance one or more of the Company's payment obligations to such vendor prior to the scheduled due date thereof at a discounted price. The Company is not required to provide collateral to the financial institutions. The Company's obligations to participating vendors, including amounts due and scheduled payment dates, are not impacted by the vendors’ decisions to finance amounts due under these financing arrangements. The Company's outstanding payment obligations to participating vendors were $672 million and $735 million as of March 31, 2026 and December 31, 2025, respectively, and are included in accounts payable - trade and accrued capital expenditures above. Cash outflows to the financial institutions are classified as cash flows from operating and investing activities.

Under a deferred payment program, the Company has agreements with third parties to pay certain invoices when due, and the Company pays the third parties at a later date, the invoice amount plus interest. The Company's outstanding payment obligation to participating vendors under the deferred payment plan was $812 million and $918 million as of March 31, 2026 and December 31, 2025, respectively, and is included in short-term borrowings. Cash outflows to the financial institutions are classified as cash flows from financing activities.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483384/720-30-45-1

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-Topic 210
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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