SUPPLEMENTAL DISCLOSURES (Tables)

Other income (expense), net, consisted of the following (in millions).


	Three Months Ended March 31,
	2024		2023

Foreign currency losses, net	$	(137)	$	(93)
(Losses) gains on derivative instruments, net	(6)		3

Change in the value of investments with readily determinable fair value	(1)		29


Change in fair value of equity investments without readily determinable fair value	(14)		(68)
Gain on extinguishment of debt	25		—
Interest income	60		45
Indemnification receivable accrual	90		5
Other (loss) income, net	(6)		6
Total other income (expense), net	$	11	$	(73)

Supplemental Cash Flow Information


	Three Months Ended March 31,
	2024		2023
Cash paid for taxes, net	$	118	$	312
Cash paid for interest, net	867		920
Non-cash investing and financing activities:







Accrued purchases of property and equipment	28		33
Assets acquired under finance lease and other arrangements	111		29
Settlement of PRSU awards	31		8

Cash, Cash Equivalents, and Restricted Cash


	March 31, 2024		December 31, 2023
Cash and cash equivalents	$	2,976	$	3,780
Restricted cash - recorded in prepaid expenses and other current assets (1)	410		539
Total cash, cash equivalents, and restricted cash	$	3,386	$	4,319

(1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 5 and Note 9.)

Cash, Cash Equivalents, and Restricted Cash


	March 31, 2024		December 31, 2023
Cash and cash equivalents	$	2,976	$	3,780
Restricted cash - recorded in prepaid expenses and other current assets (1)	410		539
Total cash, cash equivalents, and restricted cash	$	3,386	$	4,319

(1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 5 and Note 9.)

The table below presents a reconciliation of net loss available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share (in millions).


	Three Months Ended March 31,
	2024		2023
Numerator:
Net loss	$	(955)	$	(1,060)
Less:
Net income attributable to noncontrolling interests	(7)		(8)
Net income attributable to redeemable noncontrolling interests	(4)		(1)
Redeemable noncontrolling interest adjustments of carrying value to redemption value (redemption value does not equal fair value)	(4)		—
Net loss available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share	$	(970)	$	(1,069)

The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions).


	Three Months Ended March 31,
	2024	2023
Anti-dilutive share-based awards	74	62

The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).


	Three Months Ended March 31, 2024
	Currency Translation		Derivatives		Pension Plan and SERP Liability		Accumulated Other Comprehensive Loss
Beginning balance	$	(699)	$	18	$	(60)	$	(741)
Other comprehensive income (loss) before reclassifications	(176)		13		—		(163)
Reclassifications from accumulated other comprehensive loss to net income	—		(9)		—		(9)
Other comprehensive income (loss)	(176)		4		—		(172)
Ending balance	$	(875)	$	22	$	(60)	$	(913)


	Three Months Ended March 31, 2023
	Currency Translation		Derivatives		Pension Plan and SERP Liability		Accumulated Other Comprehensive Loss
Beginning balance	$	(1,498)	$	14	$	(39)	$	(1,523)
Other comprehensive income (loss) before reclassifications	426		3		(9)		420
Reclassifications from accumulated other comprehensive loss to net income	—		(2)		—		(2)
Other comprehensive income (loss)	426		1		(9)		418
Ending balance	$	(1,072)	$	15	$	(48)	$	(1,105)