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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,037 $ 6,267
Receivables, net 6,959 6,984
Programming and other inventory 1,347 1,504
Prepaid expenses and other current assets 1,223 1,176
Current assets of discontinued operations 616 745
Total current assets 14,182 16,676
Property and equipment, net 1,705 1,736
Programming and other inventory 14,308 13,358
Goodwill 16,498 16,584
Intangible assets, net 2,739 2,772
Operating lease assets 1,544 1,630
Deferred income tax assets, net 1,258 1,206
Other assets 3,906 3,824
Assets held for sale 0 19
Assets of discontinued operations 821 815
Total Assets 56,961 58,620
Current Liabilities:    
Accounts payable 853 800
Accrued expenses 2,108 2,323
Participants’ share and royalties payable 2,466 2,159
Accrued programming and production costs 1,607 1,342
Deferred revenues 885 1,091
Debt 37 11
Other current liabilities 1,231 1,182
Current liabilities of discontinued operations 449 571
Total current liabilities 9,636 9,479
Long-term debt 15,773 17,698
Participants’ share and royalties payable 1,413 1,244
Pension and postretirement benefit obligations 1,879 1,946
Deferred income tax liabilities, net 1,040 1,063
Operating lease liabilities 1,514 1,598
Program rights obligations 430 404
Other liabilities 1,683 1,898
Liabilities of discontinued operations 205 213
Redeemable noncontrolling interest 108 107
Commitments and contingencies (Note 14)
Paramount stockholders’ equity:    
5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized and 10 shares issued (2022 and 2021) 0 0
Additional paid-in capital 32,984 32,918
Treasury stock, at cost; 503 (2022 and 2021) Class B shares (22,958) (22,958)
Retained earnings 14,829 14,343
Accumulated other comprehensive loss (2,080) (1,902)
Total Paramount stockholders’ equity 22,776 22,402
Noncontrolling interests 504 568
Total Equity 23,280 22,970
Total Liabilities and Equity 56,961 58,620
Common Class A    
Paramount stockholders’ equity:    
Common stock 0 0
Common Class B    
Paramount stockholders’ equity:    
Common stock $ 1 $ 1