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Quarterly report [Sections 13 or 15(d)]

Assets and Liabilities Measured at Fair Value - Realized and Unrealized Gains (Losses) on Financial Instruments (Details)

v3.25.3
Assets and Liabilities Measured at Fair Value - Realized and Unrealized Gains (Losses) on Financial Instruments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net $ (160) $ (55) $ (224) $ 11
Debt measured at fair value
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net (110) (106) (363) (109)
Gain (loss) on changes in fair value 14 (56) 6 (64)
Cumulative amount of gain (loss) in changes in fair value 57 57
Foreign currency forward contracts
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net 85 335 93
Live Nation Forward Contracts
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net (60) (150)
Interest rate swaps
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net 4 (41) (49) 13
Other
Assets and Liabilities Measured at Fair Value
Realized and unrealized gains (losses) on financial instruments, net $ 6 $ 7 $ 3 $ 14