Annual report [Section 13 and 15(d), not S-K Item 405]

Assets and Liabilities Measured at Fair Value (Tables)

v3.26.1
Assets and Liabilities Measured at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company’s assets and liabilities measured at fair value on a recurring basis were as follows:
December 31, 2025 December 31, 2024
Description Total Quoted prices
in active
markets
for identical
assets
(Level 1)		 Significant
other
observable
inputs
(Level 2)		 Total Quoted prices
in active
markets
for identical
assets
(Level 1)		 Significant
other
observable
inputs
(Level 2)
 amounts in millions
Cash equivalents $ 816  816  —  652  652  — 
Debt $ 52  —  52  282  —  282 
Schedule of Realized and Unrealized Gains (Losses) on Financial Instruments
Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following:
Years ended December 31,
2025 2024 2023
amounts in millions
Equity securities $ (5) (22) (22)
Exchangeable senior debentures (35) (38) (33)
Indemnification asset (1) —  —  (5)
Other financial instruments —  —  (1)
$ (40) (60) (61)
_________________________________
(1)Pursuant to an indemnification agreement Liberty Broadband agreed to indemnify Liberty Interactive LLC (“LI LLC”) for certain payments made to holders of LI LLC’s 1.75% exchangeable senior debentures due 2046 (the “1.75% Exchangeable Senior Debentures”). As of December 31, 2023, all remaining 1.75% Exchangeable Senior Debentures were either retired or exchanged.