Convertible Senior Notes (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Summary of Debt Instruments Effective Interest Rates

For the years ended December 31, 2020, 2021 and 2022, the effective interest rates of the iQIYI Notes were as follows:

	For the years ended December 31,
	2020			2021			2022
	%			%			%
The iQIYI 2023 Convertible Notes		7.04	%		7.04	%		4.41	%
The iQIYI 2025 Convertible Notes		6.01	%		6.01	%		2.48	%
The iQIYI 2026 Convertible Notes		6.94	%		6.94	%		4.53	%
The iQIYI PAG Convertible Notes		N/A			N/A			12.27	%

Summary of Carying Amount of the Convertible Notes

The carrying amount of the iQIYI Notes as of December 31, 2021 and 2022 were as follows:

	As of December 31,
	2021		2022		2022
	RMB		RMB		US$
	(In millions)
Liability component:
Principal		13,403		17,986		2,608
Less: unamortized debt discount		751		112		17
Net carrying amount		12,652		17,874		2,591
Equity component:
Carrying amount		1,793		360		52

Summary of Debt Instruments Interest Cost Recognized

For the years ended December 31, 2020, 2021 and 2022, the amounts of interest cost recognized were as follows:

	For the years ended December 31,
	2020		2021		2022		2022
	RMB		RMB		RMB		US$
	(In millions)
Contractual interest expense		365		557		404		59
Amortization of the discount and issuance costs		434		559		66		9
Total		799		1,116		470		68