0001271833-26-000018 | 10-Q | XBRL Viewer

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Franchise, Intangibles and Goodwill (Notes)	9 Months Ended
Franchise, Intangibles and Goodwill (Notes)	Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]
Intangible Asset and Goodwill	Franchises and Goodwill During the third quarter of 2026, the Company determined that the sustained decline in Charter’s stock price was a triggering event requiring an interim quantitative impairment analysis of its indefinite-lived franchises and goodwill as of July 31, 2026. Franchises represent the future economic benefits of the right to solicit and service potential new customers, and the right to deploy and market new services to those potential customers. For purposes of the franchise impairment analysis, the Company's franchises are aggregated into two essentially inseparable units of accounting, which generally represent geographical clustering of the Company's cable systems into groups by which such systems are managed. The Company estimated the fair value of its franchises using a discounted cash flow income approach called multi-period excess earnings method. Under this method, the Company isolates discrete cash flows attributable to franchises from Charter’s enterprise cash flows, after deducting charges representing the required returns on contributory assets, and discounts the resulting cash flows to present value using current market participant assumptions. Significant assumptions used in the analysis include projected enterprise cash flows, the portion of those cash flows attributable to Charter’s franchises based upon customer growth and attrition, and discount rates. The determination of fair value also required significant judgment regarding the fair value of property, plant and equipment and the associated contributory asset charges. Changes in these assumptions could materially impact the amount of excess earnings attributed to the franchises and the resulting estimate of fair value. The decline in the estimated fair value of the Company’s franchises resulted from revised financial projections reflecting lower estimated future cash flows. The reduced estimated future cash flows reflect lower estimates for future customer and revenue growth, given recent results and market perception of risk, and higher values attributable to the replacement cost of fixed assets given global market inflationary pressure for certain network components. Immediately prior to the franchise impairment, the Company’s two franchise units of accounting had an aggregate carrying amount of approximately $67.5 billion. The Company recorded a pre-tax non-cash franchise impairment charge of $6.3 billion related to one franchise unit of accounting during the three and nine months ended September 30, 2026 which is included in impairment of franchises in the consolidated statements of operations. The impaired franchises were measured at fair value on a nonrecurring basis and were classified within Level 3 of the fair value hierarchy because the measurements used significant unobservable inputs. In connection with the quantitative impairment analysis performed on goodwill as of July 31, 2026, and after giving effect to the franchise impairment discussed above, the Company concluded that the fair value of its reporting unit exceeded its carrying amount and no goodwill impairment was recorded. The July 31, 2026 impairment analyses were performed before the Company completed the Cox Transactions on August 19, 2026 and did not include assets acquired in those transactions.

Cox Transactions (Notes)

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Cox Transactions Disclosures

Cox Transactions

On August 19, 2026, the transactions contemplated by the Transaction Agreement, dated May 16, 2025, by and among Charter, Charter Holdings, and Cox Enterprises (the “Transaction Agreement”) were completed. Pursuant to the Transaction Agreement, (i) Cox Equity Holdings sold and transferred to Charter 100% of the equity interests of certain subsidiaries of Cox Communications, Inc. (“Cox Communications”) that conduct Cox Communications’ commercial fiber and managed IT and cloud services businesses (the “Equity Sale”), (ii) Cox Equity Holdings contributed the equity interests of Cox Communications and certain other assets (other than certain excluded assets) primarily related to Cox Communications’ residential cable business to Charter Holdings (the “Contribution”), and (iii) Cox Equity Holdings paid $1.00 to Charter (collectively, the “Cox Transactions”).

Pursuant to the Transaction Agreement, at the closing of the Cox Transactions:

•in consideration of the Equity Sale, Charter paid $3.5 billion in cash to Cox Equity Holdings;

•in consideration of the Contribution, Charter Holdings (i) paid to Cox Equity Holdings $724 million in cash and (ii) issued to Cox Equity Holdings (A) convertible preferred units of Charter Holdings with an aggregate liquidation preference of $6.0 billion, which pays a 6.875% dividend per annum, and (B) approximately 33.6 million Charter Holdings common units. The Charter Holdings convertible preferred units are convertible into Charter Holdings common units, with an initial conversion price of $477.41, subject to certain adjustments. The Charter Holdings common units are exchangeable by the holder, in certain circumstances, for cash or, at the election of Charter, Charter Class A common stock on a one-for-one basis, subject to certain adjustments; and

•in consideration of the $1.00 payment from Cox Equity Holdings to Charter, Charter issued to Cox Equity Holdings one share of the newly created Charter Class C common stock. The Charter Class C common stock is equivalent, economically, to the outstanding Charter Class A common stock and the Charter Class B common stock but has a number of votes per share that reflects the voting power of the Charter Holdings common units and the Charter Holdings convertible preferred units held by Cox Equity Holdings on an as-converted, as-exchanged basis.

The Company also assumed Cox Communications’ net debt and finance leases.

Business Combination Accounting

Substantially all of the operations acquired in the Cox Transactions were contributed down to the Company. The operating results of Cox Communications have been included in the Company's consolidated statements of operations for the period from the date of acquisition through September 30, 2026. For the three and nine months ended September 30, 2026, revenues attributable to Cox Communications since the acquisition date were $1.4 billion. Certain Cox Communications’ operations have already been integrated with the Company’s existing operations, including shared functions and infrastructure. Because these costs cannot be attributed to Cox Communications without assumptions and allocations that would not provide a meaningful measure of its results, it is impracticable to determine its earnings since the acquisition date.

Charter applied business combination accounting to the Cox Transactions. The purchase price was allocated to the identifiable assets acquired and liabilities assumed based on their estimated fair values, with the excess recorded as goodwill. Fair values were preliminarily determined using income, cost and market approaches, primarily based on third-party valuations using management’s assumptions, including expected future cash flows. These inputs are largely unobservable (Level 3), except for assumed long-term debt and the Charter Holdings common units, which were valued using quoted market prices (Level 1). Property, plant and equipment was valued using the cost approach, which considers replacement cost adjusted for physical depreciation and functional and economic obsolescence. Franchise rights and customer relationships were valued using a multi-period excess earnings method, a discounted cash flow approach that isolates the cash flows attributable to each intangible asset. The weighted average life of customer relationships acquired is 7 years.

Deferred tax assets and liabilities were recorded for acquisition-date differences between book basis and tax basis, subject to the transaction structure. The Contribution was treated as a nontaxable partnership contribution, and no deferred taxes were recorded in purchase accounting as the basis difference in the partnership from the net assets contributed was associated with Cox Equity Holdings. The Equity Sale was treated as a taxable stock acquisition and the tax attributes of the Cox Communications’ subsidiaries were carried over to Charter and net deferred tax liabilities of $438 million were recorded in purchase accounting reflecting book versus tax temporary differences of these subsidiaries applying Charter’s effective tax rate. Deferred tax liabilities are recorded at Charter and not contributed down as the Company, and the majority of its indirect subsidiaries, are limited liability companies that are not subject to income tax.

At closing, Charter, Cox Equity Holdings and A/N entered into an amended tax receivables agreement, which sets forth the terms pursuant to which Charter will pay each of Cox Equity Holdings and A/N 50% of tax benefits arising from future exchanges of their common and preferred units. No tax sharing liability to Cox Equity Holdings was recorded for this contingent consideration obligation in purchase accounting since the tax benefit is dependent on uncertain future events that are outside Charter’s control. A future exchange is not based on a fixed and determinable date and the exchange is not certain to occur.

The Charter Holdings common units issued to Cox Equity Holdings, which are exchangeable into Charter Class A common stock, were measured at fair value based on the closing price of Charter Class A common stock on the acquisition date. The

Charter Holdings convertible preferred units issued to Cox Equity Holdings were measured at fair value based on a binomial lattice model contemplating a 6.875% preferred cash dividend on the instrument’s $6.0 billion par value and estimated fair value of Charter Class A common stock upon conversion and exchange.

Due to the timing of the acquisition, the valuation of assets acquired and liabilities assumed have not yet been finalized, and as a result, preliminary estimates have been recorded and are subject to change. During the measurement period, the Company will continue to obtain information to assist in finalizing the fair value of net assets acquired, which may differ materially from the preliminary estimates. The tables below present the calculation of the purchase price and the preliminary allocation to the assets acquired and liabilities assumed in the Cox Transactions.

Purchase Price


Charter Holdings common units issued to Cox Equity Holdings (in millions)	33.6
Closing price per share as of August 19, 2026	$	152.47
Fair value of Charter Holdings common units issued to Cox Equity Holdings	$	5,121
Fair value of Charter Holdings convertible preferred units issued to Cox Equity Holdings	5,852
Cash paid to Cox Equity Holdings	4,224
Total purchase price	$	15,197

Preliminary Allocation of Purchase Price


Cash and cash equivalents	$	66
Other current assets	927
Property, plant and equipment	14,175
Customer relationships	6,100
Franchises	6,770
Goodwill	38
Other noncurrent assets	726
Current liabilities	(1,893)
Long-term debt (includes current portion of long-term debt of $2.0 billion)	(10,165)
Deferred income taxes	(438)
Other long-term liabilities	(1,109)
	$	15,197

In connection with the Cox Transactions, Charter contributed down to the Company the net assets and liabilities of Cox Communications except for the deferred tax liabilities of Charter, as noted above.

Selected Pro Forma Financial Information

The following unaudited pro forma financial information of the Company is based on the historical consolidated financial statements of CCO Holdings and Cox Communications and is intended to provide information about how the acquisition of Cox Communications and related financing may have affected the Company's historical consolidated financial statements if they had closed as of January 1, 2025. The pro forma financial information below is based on available information and assumptions that the Company believes are reasonable. The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what the Company's financial condition or results of

operations would have been had the transactions described above occurred on the date indicated. The pro forma financial information also should not be considered representative of the Company's future financial condition or results of operations.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Revenues	$	16,505	$	16,764	$	49,720	$	50,615
Net income (loss) attributable to CCO Holdings member	$	(3,451)	$	1,857	$	757	$	5,880

Revenue (Notes)

9 Months Ended

Sep. 30, 2026

Revenue [Abstract]

Revenue

Revenues

The Company’s revenues by product line are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Internet	$	6,395	$	5,971	$	18,023	$	17,870
Mobile service	1,134		954		3,281		2,789
Connectivity	7,529		6,925		21,304		20,659
Video	3,292		3,389		9,693		10,457
Voice	340		332		1,009		1,034
Residential revenue	11,161		10,646		32,006		32,150

Legacy Charter small business	1,090		1,088		3,284		3,272
Legacy Charter mid-market & large business	762		747		2,272		2,221
Legacy Cox Communications business	397		—		397		—
Commercial revenue	2,249		1,835		5,953		5,493

Advertising sales	460		356		1,234		1,067
Other	1,052		835		2,852		2,463
	$	14,922	$	13,672	$	42,045	$	41,173

As of September 30, 2026 and December 31, 2025, accounts receivable, net on the consolidated balance sheets includes approximately $1.4 billion and $1.3 billion of current equipment installment plan receivables, respectively, and other noncurrent assets includes approximately $1.3 billion and $1.1 billion of noncurrent equipment installment plan receivables, respectively.

Franchise, Intangibles and Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Jul. 31, 2026	Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]
Franchises	$ 67,915		$ 67,915		$ 67,500	$ 67,471
Impairment of franchises	$ 6,326	$ 0	$ 6,326	$ 0

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Revenue (Details) - USD ($) $ in Millions	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Product Information [Line Items]
REVENUES	$ 14,922	$ 13,672	$ 42,045	$ 41,173
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	4,270		4,270		$ 3,457
Other noncurrent assets	5,093		5,093		4,233
Equipment installment plan receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	1,400		1,400		1,300
Other noncurrent assets	1,300		1,300		$ 1,100
Internet
Product Information [Line Items]
REVENUES	6,395	5,971	18,023	17,870
Mobile service
Product Information [Line Items]
REVENUES	1,134	954	3,281	2,789
Connectivity
Product Information [Line Items]
REVENUES	7,529	6,925	21,304	20,659
Video
Product Information [Line Items]
REVENUES	3,292	3,389	9,693	10,457
Voice
Product Information [Line Items]
REVENUES	340	332	1,009	1,034
Residential revenue
Product Information [Line Items]
REVENUES	11,161	10,646	32,006	32,150
Legacy Charter small business
Product Information [Line Items]
REVENUES	1,090	1,088	3,284	3,272
Legacy Charter mid-market & large business
Product Information [Line Items]
REVENUES	762	747	2,272	2,221
Legacy Cox Communications business
Product Information [Line Items]
REVENUES	397	0	397	0
Commercial revenue
Product Information [Line Items]
REVENUES	2,249	1,835	5,953	5,493
Advertising sales
Product Information [Line Items]
REVENUES	460	356	1,234	1,067
Other
Product Information [Line Items]
REVENUES	$ 1,052	$ 835	$ 2,852	$ 2,463

Stock Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Stock Compensation Plans (Details) - USD ($) $ in Millions	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Stock options
Stock Compensation Plans:
Stock options granted in period (shares)	4,177,800	35,300	6,608,900	1,482,600
Award vesting period			3 years
Award expiration period			10 years
Unrecognized compensation cost	$ 428.0		$ 428.0
Remaining period over which to recognize unrecognized compensation expense			2 years
Restricted stock
Stock Compensation Plans:
Awards other than stock options granted in period (shares)	5,300	0	20,600	11,500
Award vesting period			1 year
Unrecognized compensation cost	$ 3.0		$ 3.0
Remaining period over which to recognize unrecognized compensation expense			7 months
Restricted stock units
Stock Compensation Plans:
Awards other than stock options granted in period (shares)	3,652,800	21,600	5,830,100	1,205,100
Award vesting period			3 years
Unrecognized compensation cost	$ 956.0		$ 956.0
Remaining period over which to recognize unrecognized compensation expense			2 years

Segment Reporting (Details)	9 Months Ended
Segment Reporting (Details)	Sep. 30, 2026
Segment Reporting [Abstract]
Number of reportable segments	1

Total Debt (Details) £ in Millions, $ in Millions	3 Months Ended	9 Months Ended
Total Debt (Details) £ in Millions, $ in Millions	Sep. 30, 2026 USD ($)	Sep. 30, 2026 USD ($)	Sep. 30, 2025 USD ($)	Sep. 30, 2026 GBP (£)	Aug. 19, 2026 USD ($)	Dec. 31, 2025 USD ($)
Long-term Debt:
Principal Amount	$ 108,574	$ 108,574				$ 94,617
Carrying Value	107,052	107,052				94,756
Fair Value	92,622	92,622				85,467
Gain (loss) on extinguishment of debt		1,630	$ (28)
Repayments of Long-term Debt	622	21,149	$ 10,921
Cox Communications Transactions
Long-term Debt:
Business Combination, Recognized Liability Assumed, Liability					$ 11,800
fair value adjustment to debt in business combination					$ 1,700
Senior unsecured notes
Long-term Debt:
Principal Amount	26,734	26,734				27,250
Carrying Value	26,667	26,667				27,197
Senior unsecured notes \| Level 1
Long-term Debt:
Fair Value	23,936	23,936				25,634
Senior secured notes and debentures(a)
Long-term Debt:
Principal Amount	68,150	68,150				55,418
Carrying Value	66,736	66,736				55,658
Senior secured notes and debentures(a) \| Level 1
Long-term Debt:
Fair Value	55,573	55,573				48,030
Credit facilities(b)
Long-term Debt:
Principal Amount	13,690	13,690				11,949
Carrying Value	13,649	13,649				11,901
Credit facilities(b) \| Level 2
Long-term Debt:
Fair Value	13,113	13,113				11,803
Open Market Repurchase Program
Long-term Debt:
Debt Instrument, Repurchased Face Amount	1,200	1,200
Gain (loss) on extinguishment of debt		243
Charter Operating
Long-term Debt:
Availability under credit facilities	2,400	2,400
Debt Instrument, Repurchased Face Amount	5,500	5,500
Gain (loss) on extinguishment of debt	$ (1,400)	$ (1,400)
Charter Operating \| 6.050% senior secured notes due February 15, 2032
Long-term Debt:
Stated interest rate (percentage)	6.05%	6.05%		6.05%
Debt Instrument, Issued, Principal	$ 1,750
Debt instrument issue price (percentage)	99.839%	99.839%		99.839%
Charter Operating \| 6.600% senior secured notes due February 15, 2034
Long-term Debt:
Stated interest rate (percentage)	6.60%	6.60%		6.60%
Debt Instrument, Issued, Principal	$ 1,000
Debt instrument issue price (percentage)	99.896%	99.896%		99.896%
Charter Operating \| 6.950% senior secured notes due August 15, 2036
Long-term Debt:
Stated interest rate (percentage)	6.95%	6.95%		6.95%
Debt Instrument, Issued, Principal	$ 1,000
Debt instrument issue price (percentage)	99.937%	99.937%		99.937%
Charter Operating \| 7.850% senior secured notes due August 15, 2056
Long-term Debt:
Stated interest rate (percentage)	7.85%	7.85%		7.85%
Debt Instrument, Issued, Principal	$ 1,000
Debt instrument issue price (percentage)	99.921%	99.921%		99.921%
Charter Operating \| 7.087% senior secured notes due September 1, 2038
Long-term Debt:
Stated interest rate (percentage)	7.087%	7.087%		7.087%
Debt Instrument, Issued, Principal	$ 1,700
Charter Operating \| 7.337% senior secured notes due September 1, 2041
Long-term Debt:
Stated interest rate (percentage)	7.337%	7.337%		7.337%
Debt Instrument, Issued, Principal	$ 1,700
Time Warner Cable \| 5.750% Sterling Senior Notes Due June 2, 2031
Long-term Debt:
Principal Amount	829	$ 829		£ 625		842
Time Warner Cable \| 5.250% Sterling Senior Notes Due July 15, 2042
Long-term Debt:
Principal Amount	$ 863	863		£ 650		$ 876
CCO holdings
Long-term Debt:
Gain (loss) on extinguishment of debt		$ (4)
CCO holdings \| 5.500% senior secured notes due May1, 2026
Long-term Debt:
Stated interest rate (percentage)	5.50%	5.50%		5.50%
Debt Instrument, Repurchased Face Amount	$ 750	$ 750
CCO holdings \| 5.125% senior secured notes due May 1, 2027
Long-term Debt:
Stated interest rate (percentage)	5.125%	5.125%		5.125%
Debt Instrument, Repurchased Face Amount	$ 2,250	$ 2,250
Cox Communications
Long-term Debt:
Debt Instrument, Repurchased Face Amount	$ 1,000	$ 1,000

Related Party Transactions (Details)	Sep. 30, 2026
Cox Enterprises
Related Party Transaction [Line Items]
Percentage limit on acquisition of Charter equity securities (percentage)	0.30
Voting cap percentage (percentage)	0.30
A/N
Related Party Transaction [Line Items]
Percentage limit on acquisition of Charter equity securities (percentage)	0.19
Voting cap percentage (percentage)	0.15

Related Party Transactions (Notes)	9 Months Ended
Related Party Transactions (Notes)	Sep. 30, 2026
Related Party Transactions [Abstract]
Related Party Transactions Disclosure	Related Party Transactions On August 19, 2026, the transactions contemplated by the Agreement and Plan of Merger, dated November 12, 2024, by and among Charter, Liberty Broadband, Fusion Merger Sub 1, LLC, a wholly owned subsidiary of Charter, and Fusion Merger Sub 2, Inc., a wholly owned subsidiary of Fusion Merger Sub 1, LLC, were completed (the “Liberty Broadband Transaction”). Upon closing of the Cox Transactions and Liberty Broadband Transaction, certain additional related agreements were entered into as follows: •the Third Amended and Restated Stockholders Agreement (the “Amended Stockholders Agreement”), by and among Charter, Cox Enterprises, Cox Equity Holdings and A/N, which amends and restates the Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015, by and among Charter, A/N and Liberty Broadband; •a letter agreement, by and among Charter, Charter Holdings and Cox Enterprises, regarding Cox Enterprises’ participation in share repurchases by Charter; •a letter agreement, by and among Charter, Charter Holdings and A/N, regarding A/N’s participation in share repurchases by Charter; •the Second Amended and Restated Limited Liability Company Agreement of Charter Holdings, by and among Charter, Cox Equity Holdings, A/N and the other parties thereto, which amends and restates the Amended and Restated Limited Liability Company Agreement of Charter Holdings, dated as of May 18, 2016, by and among Charter, Charter Holdings, A/N and the other parties thereto; •the Amended and Restated Tax Receivables Agreement, by and among Charter, Cox Equity Holdings, A/N and the other parties thereto, which amends and restates the Tax Receivables Agreement, dated as of May 18, 2016, by and among Charter, A/N and the other parties thereto; •the Amended and Restated Exchange Agreement, by and among Charter, Cox Enterprises, Cox Equity Holdings, A/N and the other parties thereto, which amends and restates the Exchange Agreement, dated as of May 18, 2016, by and among Charter, A/N and the other parties thereto; and •the Amended and Restated Registration Rights Agreement, by and among Charter, Cox Enterprises, Cox Equity Holdings and A/N, which amends and restates the Registration Rights Agreement, dated as of May 18, 2016, by and among Charter, A/N, Liberty Broadband and the other parties thereto. Pursuant to the Amended Stockholders Agreement, the size of the board of directors of Charter (the “Board”) is thirteen directors. Each of Cox Enterprises and A/N are entitled to designate up to three nominees to be elected to the Board, provided that each maintains certain specified voting or equity ownership thresholds. Upon closing of the Cox Transactions and Liberty Broadband Transaction, the Liberty Broadband director designees resigned from the Board, A/N’s director designees continued to serve on the Board and Cox Enterprises’ three designees were appointed to the Board. Cox Enterprises and A/N also have certain committee designation rights, subject to applicable stock exchange rules and certain specified voting or equity ownership thresholds, and other governance rights. Additionally, the Amended Stockholders Agreement provides that each of Cox Enterprises and A/N are subject to certain limits on acquisitions of equity securities of Charter (30% in the case of Cox Enterprises; 19% in the case of A/N). In addition, any shares owned by Cox Enterprises or A/N in excess of its applicable voting cap (30% in the case of Cox Enterprises; 15% in the case of A/N) must be voted in proportion to the public stockholders of Charter, other than with respect to certain specified matters. Pursuant to the Amended Stockholders Agreement, each of Cox Enterprises and A/N are subject to certain standstill provisions and are not permitted to form a group, within the meaning of Regulation 13D, with each other or otherwise have arrangements or understandings concerning Charter except as otherwise permitted by the Amended Stockholders Agreement. Pursuant to the Amended Stockholders Agreement, each of Cox Enterprises and A/N are entitled to preemptive rights to maintain their respective percentage equity ownership of Charter in certain specified circumstances and to the extent that each maintains certain specified thresholds of equity ownership in Charter. Each of Cox Enterprises and A/N are subject to certain restrictions on their ability to sell, transfer or dispose of their Charter securities. The rights of each of Cox Enterprises and A/N under the Amended Stockholders Agreement will generally terminate as such party falls below certain equity ownership thresholds, subject to certain grace periods during which such party can return its ownership or voting interest to the applicable threshold. Pursuant to the Amended Stockholders Agreement, (i) Alexander C. Taylor, Chairman and Chief Executive Officer of Cox Enterprises, serves as the Chairman of the Board for an initial three-year term from the closing of the Cox Transactions (unless Mr. Taylor ceases to serve as a member of the Board prior thereto) and (ii) the lead independent director of the Board is Eric L. Zinterhofer. Following Mr. Taylor’s term as Chairman, the Board will return to its normal annual process. Additionally, following Mr. Taylor’s term as Chairman, Christopher L. Winfrey, the Chief Executive Officer of Charter, will serve as Chairman of the Board; provided that if Mr. Winfrey is no longer a member of the Board or is unwilling to serve as Chairman, then Mr. Zinterhofer instead will serve as Chairman (subject to his continued membership on the Board and willingness to serve).

Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2026 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2026
Document Transition Report	false
Entity File Number	001-37789
Entity Registrant Name	CCO Holdings, LLC
Entity Central Index Key	0001271833
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1067239
Entity Address, Address Line One	400 Washington Blvd.
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	203
Local Phone Number	905-7801
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1
CCO Holdings Capital Corp.
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2026
Document Transition Report	false
Entity File Number	333-112593-01
Entity Registrant Name	CCO Holdings Capital Corp.
Entity Central Index Key	0001271834
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0257904
Entity Address, Address Line One	400 Washington Blvd.
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	203
Local Phone Number	905-7801
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1

Segment Reporting (Policies)	9 Months Ended
Segment Reporting (Policies)	Sep. 30, 2026
Segment Reporting [Abstract]
Segment Reporting, Policy	The Company’s operations are managed and reported to its Chief Executive Officer (“CEO”), the Company’s chief operating decision maker (“CODM”), on a consolidated basis. The Company provides broadband connectivity services with all of its services delivered to customers over an advanced communications network. The CODM assesses performance and allocates resources based on the Company’s consolidated statements of operations, as the converged network requires the CODM to manage and evaluate the results of the business in a consolidated manner to drive efficiencies and develop uniform strategies. Accordingly, key components and processes of the Company’s operations are managed centrally, including contracting for programming, capital and new technology development and deployment, plant engineering, customer service, marketing, legal and government affairs. Segment asset information is not used by the CODM to allocate resources. Under this organizational and reporting structure, the Company has one reportable segment.

Accounts Payable, Accrued and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable – trade	$ 1,286	$ 995
Deferred revenue	667	422
Accrued and other current liabilities:
Programming costs	1,825	1,575
Labor	1,698	1,356
Capital expenditures	3,041	3,296
Interest	1,452	1,259
Short-term borrowings	1,180	918
Other	2,606	1,822
Total accounts payable and accrued liabilities	$ 13,755	$ 11,643
Supplier Finance Program [Line Items]
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Total accounts payable and accrued liabilities	Total accounts payable and accrued liabilities
Supplier Finance Program, Obligation, Current	$ 608	$ 735
Mobile handsets
Supplier Finance Program [Line Items]
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Total accounts payable and accrued liabilities	Total accounts payable and accrued liabilities
Supplier Finance Program, Obligation, Current	$ 1,200	$ 918

Equipment Installment Plan Financing Facility (Notes)	9 Months Ended
Equipment Installment Plan Financing Facility (Notes)	Sep. 30, 2026
Debt Disclosure [Abstract]
Equipment Installment Plan Financing Facility	Equipment Installment Plan Financing Facility CCO EIP Financing, LLC (the “SPV Borrower”), a bankruptcy remote special purpose vehicle and consolidated subsidiary of the Company, is the borrower of a senior secured revolving credit facility to finance the purchase of equipment installment plan receivables (“EIP Receivables”) with a number of financial institutions (the “EIP Financing Facility”). The revolving credit facility under the EIP Financing Facility bears interest on the outstanding borrowings based on lenders’ cost of funds plus an applicable margin and was 4.86% and 5.14% as of September 30, 2026 and December 31, 2025, respectively. The EIP Financing Facility has a final maturity date of November 3, 2030, comprised of a twelve-month revolving loan period subject to renewal, and if not renewed, cash flows on EIP Receivables are applied to amortize the loan which may occur over a period of up to three years. SPV Borrower may borrow up to $2.6 billion under the EIP Financing Facility. As of September 30, 2026 and December 31, 2025, the carrying value of the EIP Financing Facility was $1.7 billion and $1.4 billion, respectively, and is included in the Company’s consolidated balance sheets. The SPV Borrower’s sole business consists of the purchase or acceptance through capital contributions of the EIP Receivables from Spectrum Mobile Equipment, LLC (the sole direct parent entity of SPV Borrower that originates the EIP Receivables) and the subsequent retransfer of or granting of a security interest in such EIP Receivables to the administrative agent under the EIP Financing Facility. The SPV Borrower is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the SPV Borrower’s assets prior to any assets or value in the SPV Borrower becoming available to the SPV Borrower’s equity holders, and the assets of the SPV Borrower are not available to pay creditors of any other affiliate of the Company. The EIP Financing Facility is accounted for on a consolidated basis as a secured borrowing. As of September 30, 2026 and December 31, 2025, pledged EIP Receivables with an unpaid principal balance of $2.4 billion and $2.2 billion, respectively, included in accounts receivable, net and other noncurrent assets, and restricted cash of $43 million and $121 million, respectively, included in prepaid expenses and other current assets, are held by the SPV Borrower and reflected in the Company’s consolidated balance sheets. Receipts from mobile customers related to the underlying EIP Receivables are reflected as cash flows from operating activities and borrowings and repayments under the EIP Financing Facility are reflected as cash flows from financing activities in the Company’s consolidated statements of cash flows.

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 338	$ 218
Accounts receivable, less allowance for doubtful accounts of $244 and $219, respectively	4,270	3,457
Prepaid expenses and other current assets	938	780
Total current assets	5,546	4,529
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $42,403 and $41,311, respectively	61,938	45,599
Customer relationships, net of accumulated amortization of $18,324 and $17,875, respectively	6,091	440
Franchises	67,915	67,471
Goodwill	29,748	29,710
Total investment in cable properties, net	165,692	143,220
OTHER NONCURRENT ASSETS	5,093	4,233
Total assets	176,331	151,982
CURRENT LIABILITIES:
Accounts payable, accrued and other current liabilities	13,755	11,643
Current portion of long-term debt	1,990	750
Total current liabilities	15,763	12,393
LONG-TERM DEBT	105,062	94,006
EQUIPMENT INSTALLMENT PLAN FINANCING FACILITY	1,696	1,447
DEFERRED INCOME TAXES	71	67
OTHER LONG-TERM LIABILITIES	4,411	3,362
MEMBER’S EQUITY:
CCO Holdings member's equity	49,302	40,682
Noncontrolling interests	26	25
Total member’s equity	49,328	40,707
Total liabilities and member’s equity	176,331	151,982
Related Party
CURRENT ASSETS:
Receivables from related party	0	74
CURRENT LIABILITIES:
Payables to related party	$ 18	$ 0

Organization and Basis of Presentation (Notes)	9 Months Ended
Organization and Basis of Presentation (Notes)	Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Organization CCO Holdings, LLC (together with its subsidiaries, “CCO Holdings,” or the “Company”), through its Spectrum brand, is the leading Internet and video provider in the nation and the fastest growing mobile company in its footprint. CCO Holdings is a holding company whose principal assets are the equity interests in its operating subsidiaries. CCO Holdings is a direct subsidiary of CCH I Holdings, LLC, which is an indirect subsidiary of Charter Communications, Inc. (“Charter”), Charter Communications Holdings, LLC (“Charter Holdings”) and Spectrum Management Holding Company, LLC (“Spectrum Management”). All of the outstanding capital stock of CCO Holdings Capital Corp. is owned by CCO Holdings. The consolidated financial statements include the accounts of CCO Holdings and all of its subsidiaries where the underlying operations reside. At the closing of the Cox Transactions (as defined below), the limited liability company agreement of Charter Holdings was amended and restated by and among Charter, Advance/Newhouse Partnership (“A/N”), Cox Communications Equity Holdings, Inc. (“Cox Equity Holdings”), a wholly owned subsidiary of Cox Enterprises, Inc. (“Cox Enterprises”), and the other parties thereto. All significant intercompany accounts and transactions among consolidated entities have been eliminated. Charter, Charter Holdings and Spectrum Management have performed financing, cash management, treasury and other services for CCO Holdings on a centralized basis. Changes in member’s equity in the consolidated balance sheets related to these activities have been considered cash receipts (contributions) and payments (distributions) for purposes of the consolidated statements of cash flows and are reflected in financing activities Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures typically included in the Company's Annual Report on Form 10-K have been condensed or omitted for this quarterly report. The accompanying consolidated financial statements are unaudited and are subject to review by regulatory authorities. However, in the opinion of management, such financial statements include all adjustments necessary for a fair presentation of the results for the periods presented. Interim results are not necessarily indicative of results for a full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant judgments and estimates include capitalization of labor and overhead costs; valuation of property, plant and equipment, franchises, goodwill and other intangibles for purchase accounting and impairment analysis purposes; and income taxes. Actual results could differ from those estimates. Comprehensive income equaled net income (loss) attributable to CCO Holdings member for the three and nine months ended September 30, 2026 and 2025.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 268	$ 5,480
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	7,007	6,495
Impairment of franchises	6,326	0
Gain (loss) on extinguishment of debt	(1,630)	28
Stock compensation expense	518	530
Noncash interest, net	20	7
Deferred income taxes	4	1
Other, net	184	426
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	(149)	(332)
Prepaid expenses and other assets	(191)	(181)
Accounts payable, accrued liabilities and other	392	558
Net cash flows from operating activities	12,906	12,958
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(8,726)	(8,324)
Change in accrued expenses related to capital expenditures	(488)	239
Other, net	(121)	(213)
Net cash flows from investing activities	(9,335)	(8,298)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	25,010	12,019
Borrowings of equipment installment plan financing facility	247	292
Repayments of long-term debt	(21,149)	(10,921)
Payments for debt issuance costs	(83)	(17)
Distributions to parent	(8,072)	(5,888)
Contributions from parent	273	68
Distributions to noncontrolling interest	(1)	(2)
Other, net	246	(220)
Net cash flows from financing activities	(3,529)	(4,669)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	42	(9)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	339	301
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	381	292
CASH PAID FOR INTEREST	3,781	3,590
Restricted cash	43	57
Related Party
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Receivables from and payables to related party	$ 157	$ (54)

CONSOLIDATED BALANCE SHEET (PARENTHETICALS) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Allowance for doubtful accounts	$ 244	$ 219
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, accumulated depreciation	42,403	41,311
Customer relationships, accumulated amortization	$ 18,324	$ 17,875

Cox Transactions - Preliminary Allocation of Purchase Price (Details) - USD ($) $ in Millions	Sep. 30, 2026	Aug. 19, 2026	Dec. 31, 2025
Business Combination [Line Items]
Goodwill	$ 29,748		$ 29,710
Deferred income taxes		$ (438)
Cox Communications Transactions
Business Combination [Line Items]
Cash and cash equivalents		66
Other current assets		927
Property, plant and equipment		14,175
Customer relationships		6,100
Franchises		6,770
Goodwill		38
Other noncurrent assets		726
Current liabilities		(1,893)
Long-term debt (includes current portion of long-term debt of $2.0 billion)		(10,165)
Deferred income taxes		(438)
Other long-term liabilities		(1,109)
Net Assets Acquired		15,197
Current portion of long-term debt		$ 2,000

Cox Transactions - Narrative (Details) - USD ($)		3 Months Ended	9 Months Ended
Cox Transactions - Narrative (Details) - USD ($)	Aug. 19, 2026	Sep. 30, 2026	Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
Acquiree's Revenue since Acquisition Date, Actual		$ 1,400,000,000	$ 1,400,000,000
Acquired finite-lived intangible assets, weighted average useful life	7 years
Deferred income taxes	$ 438,000,000
Percent Share of Tax Benefit Under Tax Receivable Agreement	0.50
Cox - Equity Sale
Business Combination [Line Items]
Percentage of Voting Interests Acquired (percentage)	100.00%
Payments to Acquire Businesses	$ 3,500,000,000
Cox - Contribution
Business Combination [Line Items]
Payments to Acquire Businesses	$ 724,000,000
Price Per Share of Equity Issued (in dollars per share)	$ 152.47
Cox - Contribution \| Preferred Units
Business Combination [Line Items]
Value of Equity Interest Issued	$ 6,000,000,000.0
Dividend rate of preferred unit (Percentage)	6.875%
Conversion price (amount per share)	$ 477.41
Fair Value of Equity Interest Issued	$ 5,852,000,000
Cox - Contribution \| CCO Holdings Member’s Equity
Business Combination [Line Items]
Number of Shares of Equity Interest Issued (shares)	33,600,000
Fair Value of Equity Interest Issued	$ 5,121,000,000
Cox - $1.00
Business Combination [Line Items]
Payments to Acquire Businesses	$ 1.00
Cox - $1.00 \| Common Class C
Business Combination [Line Items]
Number of Shares of Equity Interest Issued (shares)	1
Cox Communications Transactions
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
Deferred income taxes	$ 438,000,000
Business Combination [Line Items]
Payments to Acquire Businesses	4,224,000,000
Total purchase price	$ 15,197,000,000

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER'S EQUITY - USD ($) $ in Millions	Total	CCO Holdings Member’s Equity	Noncontrolling Interests
Balance at Dec. 31, 2024	$ 39,261	$ 39,235	$ 26
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,838	1,837	1
Stock compensation expense	222	222
Contributions from parent	4	4
Distributions to parent	(882)	(882)
Distributions to noncontrolling interest	(2)		(2)
Balance at Mar. 31, 2025	40,441	40,416	25
Balance at Dec. 31, 2024	39,261	39,235	26
Rollforward of Consolidated Member's Equity:
Consolidated net income	5,480
Balance at Sep. 30, 2025	39,500	39,475	25
Balance at Mar. 31, 2025	40,441	40,416	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,930	1,930	0
Stock compensation expense	157	157
Contributions from parent	56	56
Distributions to parent	(2,474)	(2,474)
Balance at Jun. 30, 2025	40,110	40,085	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,712	1,712	0
Stock compensation expense	151	151
Contribution of net assets from parent acquired in an acquisition	51	51
Contributions from parent	(8)	(8)
Distributions to parent	(2,532)	(2,532)
Balance at Sep. 30, 2025	39,500	39,475	25
Balance at Dec. 31, 2025	40,707	40,682	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,807	1,806	1
Stock compensation expense	203	203
Contributions from parent	6	6
Distributions to parent	(1,097)	(1,097)
Distributions to noncontrolling interest	(1)		(1)
Balance at Mar. 31, 2026	41,625	41,600	25
Balance at Dec. 31, 2025	40,707	40,682	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	268
Balance at Sep. 30, 2026	49,328	49,302	26
Balance at Mar. 31, 2026	41,625	41,600	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	1,973	1,973	0
Stock compensation expense	138	138
Contributions from parent	232	232
Distributions to parent	1,363	1,363
Balance at Jun. 30, 2026	42,605	42,580	25
Rollforward of Consolidated Member's Equity:
Consolidated net income	(3,512)	(3,513)	1
Stock compensation expense	177	177
Contribution of net assets from parent acquired in an acquisition	15,635	15,635
Contributions from parent	35	35
Distributions to parent	5,612	5,612
Balance at Sep. 30, 2026	$ 49,328	$ 49,302	$ 26

Equipment Installment Plan Financing Facility (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025	Sep. 30, 2025	Dec. 31, 2024
Long-term Debt:
EQUIPMENT INSTALLMENT PLAN FINANCING FACILITY	$ 1,696	$ 1,447
EIP Unpaid Principal Balance	2,400	2,200
Restricted cash	$ 43	$ 121	$ 57	$ 47
EIP Financing Facility
Long-term Debt:
Stated interest rate (percentage)	4.86%	5.14%
EIP Financing Facility Borrowing Capacity	$ 2,600