Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,332 $ 1,055
Trade and other receivables, net 262 115
Contract assets 165 114
Other current assets 198 89
Total current assets 1,957 1,373
Property and equipment, at cost 1,097 1,087
Accumulated depreciation (236) (219)
Property and equipment, net 861 868
Intangible assets not subject to amortization:    
Goodwill 6,959 7,025
Intangible assets subject to amortization, net 4,955 5,102
Deferred income tax assets 535 539
Other assets 625 491
Total assets 15,892 15,398
Current liabilities:    
Accounts payable and accrued liabilities 524 575
Current portion of debt 53 52
Deferred revenue 819 263
Other current liabilities 57 49
Total current liabilities 1,453 939
Long-term debt 4,968 5,048
Deferred income tax liabilities 644 656
Other liabilities 422 305
Total liabilities 7,487 6,948
Redeemable noncontrolling interests in equity of subsidiary 674 693
Stockholders' equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Accumulated other comprehensive earnings (loss), net of taxes (111) (30)
Retained earnings 7,840 7,785
Total equity 7,731 7,757
Commitments and contingencies
Total liabilities and equity 15,892 15,398
Liberty Formula One Common Class A    
Stockholders' equity:    
Common stock value 0 0
Liberty Formula One Common Class B    
Stockholders' equity:    
Common stock value 0 0
Liberty Formula One Common Class C    
Stockholders' equity:    
Common stock value $ 2 $ 2