Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

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Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 3,166 $ 3,244 $ 5,915 $ 5,800
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 92 93 182 183
Other operating expense 76 280 163 398
Selling, general and administrative 454 490 919 976
Impairment, restructuring and acquisition costs 15 19 37 51
Depreciation and amortization 245 257 486 517
Total operating costs and expenses 2,638 2,721 4,885 4,937
Operating income (loss) 528 523 1,030 863
Other income (expense):        
Interest expense (186) (200) (377) (396)
Share of earnings (losses) of affiliates, net 84 90 65 80
Realized and unrealized gains (losses) on financial instruments, net 169 (96) 166 (142)
Other, net 28 50 55 64
Total other income (expense) 95 (156) (91) (394)
Earnings (loss) before income taxes 623 367 939 469
Income tax benefit (expense) (116) (64) (187) (114)
Net earnings (loss) 507 303 752 355
Less net earnings (loss) attributable to the noncontrolling interests 50 50 92 87
Net earnings (loss) attributable to Liberty stockholders 457 253 660 268
Liberty SiriusXM Group        
Revenue:        
Total revenue 2,178 2,250 4,340 4,394
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 92 93 182 183
Other operating expense 71 83 157 162
Selling, general and administrative 361 387 733 772
Impairment, restructuring and acquisition costs 4 18 17 50
Depreciation and amortization 156 154 311 315
Total operating costs and expenses 1,707 1,798 3,460 3,569
Operating income (loss) 471 452 880 825
Other income (expense):        
Interest expense (126) (137) (255) (273)
Share of earnings (losses) of affiliates, net 1 79 6 72
Realized and unrealized gains (losses) on financial instruments, net 82 (164) 100 (162)
Unrealized gains/( loss) on inter-group interests   10   64
Other, net 2 23 8 26
Total other income (expense) (41) (189) (141) (273)
Earnings (loss) before income taxes 430 263 739 552
Income tax benefit (expense) (81) (46) (149) (115)
Net earnings (loss) 349 217 590 437
Less net earnings (loss) attributable to the noncontrolling interests 50 51 92 88
Net earnings (loss) attributable to Liberty stockholders 299 166 498 349
Formula One Group        
Revenue:        
Total revenue 988 724 1,575 1,105
Operating costs and expenses, including stock-based compensation:        
Other operating expense 5   6  
Selling, general and administrative 91 69 182 144
Impairment, restructuring and acquisition costs 11   20  
Depreciation and amortization 89 84 175 168
Total operating costs and expenses 929 672 1,421 1,037
Operating income (loss) 59 52 154 68
Other income (expense):        
Interest expense (53) (54) (108) (105)
Share of earnings (losses) of affiliates, net (2) (1) (5) (3)
Realized and unrealized gains (losses) on financial instruments, net (1) 64 47 17
Unrealized gains/( loss) on inter-group interests   40   (1)
Other, net 20 24 35 34
Total other income (expense) (36) 73 (31) (58)
Earnings (loss) before income taxes 23 125 123 10
Income tax benefit (expense) 1 (10) (22) (4)
Net earnings (loss) 24 115 101 6
Less net earnings (loss) attributable to the noncontrolling interests   (1)   (1)
Net earnings (loss) attributable to Liberty stockholders 24 116 101 7
Liberty Live Group        
Operating costs and expenses, including stock-based compensation:        
Selling, general and administrative 2   4  
Total operating costs and expenses 2   4  
Operating income (loss) (2)   (4)  
Other income (expense):        
Interest expense (7)   (14)  
Share of earnings (losses) of affiliates, net 85   64  
Realized and unrealized gains (losses) on financial instruments, net 88   19  
Other, net 6   12  
Total other income (expense) 172   81  
Earnings (loss) before income taxes 170   77  
Income tax benefit (expense) (36)   (16)  
Net earnings (loss) 134   61  
Net earnings (loss) attributable to Liberty stockholders 134   61  
Braves Group        
Revenue:        
Total revenue   270   301
Operating costs and expenses, including stock-based compensation:        
Other operating expense   197   236
Selling, general and administrative   34   60
Impairment, restructuring and acquisition costs   1   1
Depreciation and amortization   19   34
Total operating costs and expenses   251   331
Operating income (loss)   19   (30)
Other income (expense):        
Interest expense   (9)   (18)
Share of earnings (losses) of affiliates, net   12   11
Realized and unrealized gains (losses) on financial instruments, net   4   3
Unrealized gains/( loss) on inter-group interests   (50)   (63)
Other, net   3   4
Total other income (expense)   (40)   (63)
Earnings (loss) before income taxes   (21)   (93)
Income tax benefit (expense)   (8)   5
Net earnings (loss)   (29)   (88)
Net earnings (loss) attributable to Liberty stockholders   (29)   (88)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 2,178 2,250 4,340 4,394
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
Revenue:        
Total revenue 2,178 2,250 4,340 4,394
Revenue share and royalties        
Operating costs and expenses, including stock-based compensation:        
Cost of services 708 732 1,411 1,432
Revenue share and royalties | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 708 732 1,411 1,432
Programming and content        
Operating costs and expenses, including stock-based compensation:        
Cost of services 148 153 305 303
Programming and content | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 148 153 305 303
Customer service and billing        
Operating costs and expenses, including stock-based compensation:        
Cost of services 108 124 224 246
Customer service and billing | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 108 124 224 246
Other cost of subscriber services        
Operating costs and expenses, including stock-based compensation:        
Cost of services 59 54 120 106
Other cost of subscriber services | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 59 54 120 106
Formula 1        
Revenue:        
Total revenue 853 724 1,403 1,105
Operating costs and expenses, including stock-based compensation:        
Cost of services 639 519 918 725
Formula 1 | Formula One Group        
Revenue:        
Total revenue 853 724 1,403 1,105
Operating costs and expenses, including stock-based compensation:        
Cost of services 639 519 918 725
Other        
Revenue:        
Total revenue 135 270 172 301
Operating costs and expenses, including stock-based compensation:        
Cost of services 94   120  
Other | Formula One Group        
Revenue:        
Total revenue 135   172  
Operating costs and expenses, including stock-based compensation:        
Cost of services $ 94   $ 120  
Other | Braves Group        
Revenue:        
Total revenue   $ 270   $ 301