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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net revenues      
Total net revenues $ 7,528 $ 8,803 $ 8,086
Cost of Revenue-product sales and in-game, subscription, and other:      
Product development 1,421 1,337 1,150
Sales and marketing 1,217 1,025 1,064
General and administrative 1,001 788 784
Restructuring and related costs (3) 77 94
Total costs and expenses 5,858 5,544 5,352
Operating income 1,670 3,259 2,734
Interest expense from debt 108 108 99
Other (income) expense, net (Note 18) (182) (13) (12)
Loss on extinguishment of debt 0 0 31
Income before income tax expense 1,744 3,164 2,616
Income tax expense 231 465 419
Net income $ 1,513 $ 2,699 $ 2,197
Earnings per common share      
Basic (in dollars per share) $ 1.94 $ 3.47 $ 2.85
Diluted (in dollars per share) $ 1.92 $ 3.44 $ 2.82
Weighted-average number of shares outstanding      
Basic (in shares) 782 777 771
Diluted (in shares) 789 784 778
Product sales      
Net revenues      
Total net revenues $ 1,642 $ 2,311 $ 2,350
Product costs      
Cost of Revenue-product sales and in-game, subscription, and other:      
Cost of revenues 519 649 705
Software royalties and amortization      
Cost of Revenue-product sales and in-game, subscription, and other:      
Cost of revenues 231 346 269
In-game, subscription, and other revenues      
Net revenues      
Total net revenues 5,886 6,492 5,736
Game operations and distribution costs      
Cost of Revenue-product sales and in-game, subscription, and other:      
Cost of revenues 1,324 1,215 1,131
Software royalties and amortization      
Cost of Revenue-product sales and in-game, subscription, and other:      
Cost of revenues $ 148 $ 107 $ 155