Microsoft Support:
AC-3 is an audio codec that supports multi-channel (“surround sound”) audio. It's also known as Dolby Digital.
On versions of Windows prior to Windows 11, version 24H2, the AC-3 codec is included.
Beginning with Windows 11, version 24H2, the AC-3 codec is no longer included with Windows. However, many device manufacturers will pre-install an AC-3 codec. Also, if you upgrade to Windows 11, version 24H2 from an earlier version of Windows, the AC-3 codec will be retained. In these cases, you will still be able to play files encoded with the AC-3 audio codec.
Source:
Codecs in Media Player - Microsoft Support
Codecs allow you to play different formats of audio and video files. Media Player supports a wide variety of codecs. Most are included out of the box; some additional codecs can be installed from the Microsoft Store.
support.microsoft.com