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DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following tables set forth details of net earnings from discontinued operations for the years ended December 31, 2023 and 2022, which primarily relates to Simon & Schuster.
Year Ended December 31, 2023Simon & Schuster
Other (a)
Total
Revenues$958 $— $958 
Costs and expenses:
Operating 580 (12)568 
Selling, general and administrative 149 — 149 
Restructuring charges2 — 2 
Total costs and expenses731 (12)719 
Operating income227 12 239 
Other items, net(9)— (9)
Earnings from discontinued operations218 12 230 
Benefit from (provision for) income taxes12 (3)9 
Earnings from discontinued operations, net of tax230 9 239 
Gain on sale (net of tax of $258 million) (b)
437 — 437 
Net earnings from discontinued operations, net of tax$667 $9 $676 
Year Ended December 31, 2022Simon & Schuster
Other (a)
Total
Revenues$1,177 $— $1,177 
Costs and expenses:
Operating 746 (30)716 
Selling, general and administrative 180 — 180 
Restructuring charges3 — 3 
Total costs and expenses929 (30)899 
Operating income248 30 278 
Termination fee, net of advisory fees (c)
190 — 190 
Other items, net(12)— (12)
Earnings from discontinued operations426 30 456 
Provision for income taxes(70)(7)(77)
Net earnings from discontinued operations, net of tax$356 $23 $379 
(a) Primarily relates to indemnification obligations for leases associated with the previously discontinued operations of Famous Players Inc. (“Famous Players”).
(b) The tax provision on the gain on sale differs from the amount that would be expected at the U.S. federal statutory income tax rate primarily because the goodwill was not deductible for tax purposes.
(c) In accordance with the terms of a previous agreement to sell Simon & Schuster, we received a $200 million termination payment after the U.S. Department of Justice prevailed in its suit to block the sale.