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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 7,779 $ 6,564 $ 15,107 $ 13,976
Costs and expenses:        
Operating 5,106 3,865 9,902 8,228
Selling, general and administrative 1,710 1,459 3,329 2,881
Depreciation and amortization 94 95 190 194
Restructuring and other corporate matters 50 35 107 35
Total costs and expenses 6,960 5,454 13,528 11,338
Net gain on sales 0 116 15 116
Operating income 819 1,226 1,594 2,754
Interest expense (230) (243) (470) (502)
Interest income 19 13 40 26
Net gains from investments 0 32 0 52
Loss on extinguishment of debt (47) 0 (120) (128)
Other items, net (42) (10) (55) (29)
Earnings from continuing operations before income taxes and equity in loss of investee companies 519 1,018 989 2,173
(Provision) benefit for income taxes (129) 34 (163) (192)
Equity in loss of investee companies, net of tax (29) (44) (66) (62)
Net earnings from continuing operations 361 1,008 760 1,919
Net earnings from discontinued operations, net of tax 61 41 103 53
Net earnings (Paramount and noncontrolling interests) 422 1,049 863 1,972
Net earnings attributable to noncontrolling interests (3) (13) (11) (25)
Net earnings attributable to Paramount 419 1,036 852 1,947
Amounts attributable to Paramount:        
Net earnings from continuing operations 358 995 749 1,894
Net earnings from discontinued operations, net of tax 61 41 103 53
Net earnings attributable to Paramount $ 419 $ 1,036 $ 852 $ 1,947
Basic net earnings per common share attributable to Paramount:        
Net earnings from continuing operations (in dollars per share) $ 0.53 $ 1.52 $ 1.11 $ 2.96
Net earnings from discontinued operations (in dollars per share) 0.09 0.06 0.16 0.08
Net earnings (in dollars per share) 0.62 1.58 1.27 3.05
Diluted net earnings per common share attributable to Paramount:        
Net earnings from continuing operations (in dollars per share) 0.53 1.50 1.11 2.93
Net earnings from discontinued operations (in dollars per share) 0.09 0.06 0.16 0.08
Net earnings (in dollars per share) $ 0.62 $ 1.56 $ 1.27 $ 3.01
Weighted average number of common shares outstanding:        
Basic (in shares) 649 646 649 634
Diluted (in shares) 650 662 650 647