Item 16. Form 10-K Summary.

None.

IV-1

PARAMOUNT SKYDANCE CORPORATION AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

(Tabular dollars in millions)


Col. A	Col. B				Col. C			Col. D			Col. E
Description	Balance at Beginning of Period				Charged to Expenses and Other Accounts			Deductions			Balance at End of Period
Allowance for doubtful accounts:
Period from August 7 - December 31, 2025 (Successor)		$	—	(a)		$	10		$	—		$	10


Period from January 1 - August 6, 2025 (Predecessor)		$	125			$	6		$	35		$	96
Year ended December 31, 2024 (Predecessor)		$	120			$	39		$	34		$	125
Year ended December 31, 2023 (Predecessor)		$	111			$	26		$	17		$	120

Valuation allowance on deferred tax assets:
Period from August 7 - December 31, 2025 (Successor)		$	582			$	49		$	6		$	625


Period from January 1 - August 6, 2025 (Predecessor)		$	655			$	45		$	118		$	582
Year ended December 31, 2024 (Predecessor)		$	498			$	198		$	41		$	655
Year ended December 31, 2023 (Predecessor)		$	488			$	20		$	10		$	498

(a) On August 7, 2025, the allowance for doubtful accounts was reversed as a result of the adjustment of accounts receivable to fair value. See Note 2 to the consolidated financial statements.

F-1

INDEX TO EXHIBITS

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