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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net revenues      
Total net revenues $ 8,086 $ 6,489 $ 7,500
Cost of revenues:      
Product development 1,150 998 1,101
Sales and marketing 1,064 926 1,062
General and administrative 784 732 822
Restructuring and related costs 94 132 10
Total costs and expenses 5,352 4,882 5,512
Operating income 2,734 1,607 1,988
Interest and other expense (income), net (Note 18) 87 (26) 71
Loss on extinguishment of debt 31 0 40
Income before income tax expense 2,616 1,633 1,877
Income tax expense 419 130 29
Net income $ 2,197 $ 1,503 $ 1,848
Earnings per common share      
Basic (in dollars per share) $ 2.85 $ 1.96 $ 2.43
Diluted (in dollars per share) $ 2.82 $ 1.95 $ 2.40
Weighted-average number of shares outstanding      
Basic (in shares) 771 767 762
Diluted (in shares) 778 771 771
Product sales      
Net revenues      
Total net revenues $ 2,350 $ 1,975 $ 2,255
Product costs      
Cost of revenues:      
Cost of revenues 705 656 719
Software royalties, amortization, and intellectual property licenses      
Cost of revenues:      
Cost of revenues 269 240 371
In-game, subscription, and other revenues      
Net revenues      
Total net revenues 5,736 4,514 5,245
Game operations and distribution costs      
Cost of revenues:      
Cost of revenues 1,131 965 1,028
Software royalties, amortization, and intellectual property licenses      
Cost of revenues:      
Cost of revenues $ 155 $ 233 $ 399