v3.26.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill by segment for the three months ended March 31, 2026 are presented in the table below.
(in billions)Residential Connectivity & PlatformsBusiness Services ConnectivityMediaStudiosTheme
Parks
Total
Balance, December 31, 2025
Goodwill$36.0 $3.4 $22.4 $3.7 $5.0 $70.6 
Accumulated impairment losses(6.7)— (2.4)— — (9.0)
$29.3 $3.4 $20.1 $3.7 $5.0 $61.5 
Separation of Versant (see Note 6)— — (7.7)— — (7.7)
Foreign currency translation and other(0.2)— (0.1)— (0.1)(0.4)
Balance, March 31, 2026
Goodwill$35.7 $3.4 $13.7 $3.7 $4.9 $61.4 
Accumulated impairment losses(6.6)— (1.4)— — $(8.0)
$29.1 $3.4 $12.3 $3.7 $4.9 $53.4 
Intangible Assets
In connection with the Separation, customer relationships decreased by a gross carrying amount of $9.0 billion and related accumulated amortization of $7.9 billion and other agreements and rights decreased by a gross carrying amount of $0.7 billion and related accumulated amortization of $0.5 billion.
The table below presents the estimated amortization expense of our customer relationships and other agreements and rights, including trade names, intellectual property rights and certain Federal Communications Commission (“FCC”) broadcast licenses. Beginning in the first quarter of 2026, we began amortizing certain FCC broadcast licenses with a gross carrying value of $0.6 billion, which were previously accounted for as indefinite-lived intangible assets.
Estimated Amortization Expense
(in billions)
  
Remaining nine months of 2026$1.3 
2027$0.7 
2028$0.7 
2029$0.7 
2030$0.6