Quarterly report [Sections 13 or 15(d)]

Discontinued Operations - Earnings and loss (Details)

v3.26.3
Discontinued Operations - Earnings and loss (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Earnings (loss) from Discontinued Operations        
Realized and unrealized gains (losses) on financial instruments, net $ 66 $ 16 $ 122 $ 251
Net earnings (loss) from discontinued operations   (50)   (244)
Spin off        
Earnings (loss) from Discontinued Operations        
Selling, general and administrative   9   20
Total cost and operating expenses   9   20
Operating income (loss)   (9)   (20)
Interest expense   (7)   (22)
Share of earnings (losses) of affiliates, net   125   198
Realized and unrealized gains (losses) on financial instruments, net   (176)   (475)
Other, net   4   10
Total non operating income (expenses)   (54)   (289)
Earnings (loss) from discontinued operations before income taxes   (63)   (309)
Income tax (expense) benefit   13   65
Net earnings (loss) from discontinued operations   (50)   (244)
Net earnings (loss) from discontinued operations attributable to Liberty stockholders   $ (50)   $ (244)