Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 57 $ 89
Restricted cash and other current assets 46 19
Current assets of discontinued operations 0 315
Total current assets 103 423
Investment in Charter, accounted for using the equity method (note 6) 8,670 13,057
Restricted cash and other assets, net 57 135
Non-current assets of discontinued operations 0 3,072
Total assets 8,830 16,687
Current liabilities:    
Taxes payable 23  
Current portion of debt, including $956 and zero measured at fair value, respectively (note 7) 956  
Other current liabilities 8 10
Current liabilities of discontinued operations   190
Total current liabilities 987 200
Long-term debt, net, including zero and $1,897 measured at fair value, respectively (note 7) 790 2,687
Deferred income tax liabilities (note 8) 1,155 2,028
Preferred stock (note 9) 200 201
Non-current liabilities of discontinued operations   1,763
Total liabilities 3,132 6,879
Equity    
Additional paid-in capital 1,646 3,007
Accumulated other comprehensive earnings (loss), net of taxes 15 73
Retained earnings 4,036 6,712
Total stockholders' equity 5,698 9,793
Non-controlling interests   15
Total equity 5,698 9,808
Commitments and contingencies (note 11)
Total liabilities and equity 8,830 16,687
Series A common stock    
Equity    
Common stock
Series B common stock    
Equity    
Common stock
Series C common stock    
Equity    
Common stock $ 1 $ 1