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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:        
Net earnings (ViacomCBS and noncontrolling interests) $ 627 $ 646 $ 1,872 $ 3,593
Net earnings from discontinued operations, net of tax 3 4 14 23
Net earnings from continuing operations 624 642 1,858 3,570
Adjustments to reconcile net earnings from continuing operations to net cash flow provided by operating activities:        
Depreciation and amortization 98 108 335 323
Deferred tax provision (benefit)     176 (506)
Stock-based compensation 46 65 191 171
Gain on sale of assets     0 (549)
Gains from investments     (32) (89)
Loss on extinguishment of debt 23 0 126 0
Equity in loss of investee companies, net of tax and distributions     34 58
Change in assets and liabilities     (123) (1,289)
Net cash flow provided by operating activities     2,565 1,689
Investing Activities:        
Investments     (60) (137)
Capital expenditures     (213) (251)
Acquisitions, net of cash acquired     (142) (384)
Proceeds from dispositions     146 755
Other investing activities     0 6
Net cash flow used for investing activities     (269) (11)
Financing Activities:        
Repayments of short-term debt borrowings, net     (706) (624)
Proceeds from issuance of senior notes     4,365 492
Repayment of notes and debentures     (2,896) (820)
Dividends     (450) (446)
Purchase of Company common stock     (58) (14)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation     (62) (52)
Other financing activities     (87) (96)
Net cash flow provided by (used for) financing activities     106 (1,560)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (6) (16)
Net increase in cash, cash equivalents and restricted cash     2,396 102
Cash, cash equivalents and restricted cash at beginning of period (includes $202 (2020) and $120 (2019) of restricted cash)     834 976
Cash, cash equivalents and restricted cash at end of period (includes $138 (2020) and $122 (2019) of restricted cash, and $6 (2020) of assets held for sale) $ 3,230 $ 1,078 $ 3,230 $ 1,078