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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 6,916 $ 6,610 $ 22,023 $ 20,586
Costs and expenses:        
Operating 4,460 4,064 14,362 12,292
Selling, general and administrative 1,670 1,526 4,999 4,407
Depreciation and amortization 92 95 282 289
Restructuring and other corporate matters 169 46 276 81
Total costs and expenses 6,391 5,731 19,919 17,069
Net gain on dispositions 41 0 56 116
Operating income 566 879 2,160 3,633
Interest expense (231) (243) (701) (745)
Interest income 33 11 73 37
Net gains (losses) from investments (9) (5) (9) 47
Loss on extinguishment of debt 0 0 (120) (128)
Other items, net (36) (26) (91) (55)
Earnings from continuing operations before income taxes and equity in loss of investee companies 323 616 1,312 2,789
Provision for income taxes (101) (120) (264) (312)
Equity in loss of investee companies, net of tax (58) (18) (124) (80)
Net earnings from continuing operations 164 478 924 2,397
Net earnings from discontinued operations, net of tax 78 73 181 126
Net earnings (Paramount and noncontrolling interests) 242 551 1,105 2,523
Net earnings attributable to noncontrolling interests (11) (13) (22) (38)
Net earnings attributable to Paramount 231 538 1,083 2,485
Amounts attributable to Paramount:        
Net earnings from continuing operations 153 465 902 2,359
Net earnings from discontinued operations, net of tax 78 73 181 126
Net earnings attributable to Paramount $ 231 $ 538 $ 1,083 $ 2,485
Basic net earnings per common share attributable to Paramount:        
Net earnings from continuing operations (in dollars per share) $ 0.21 $ 0.70 $ 1.32 $ 3.65
Net earnings from discontinued operations (in dollars per share) 0.12 0.11 0.28 0.20
Net earnings (in dollars per share) 0.33 0.81 1.60 3.85
Diluted net earnings per common share attributable to Paramount:        
Net earnings from continuing operations (in dollars per share) 0.21 0.69 1.32 3.62
Net earnings from discontinued operations (in dollars per share) 0.12 0.11 0.28 0.20
Net earnings (in dollars per share) $ 0.33 $ 0.80 $ 1.60 $ 3.81
Weighted average number of common shares outstanding:        
Basic (in shares) 649 646 649 638
Diluted (in shares) 650 651 650 644