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Redeemable Noncontrolling Interests
9 Months Ended
Sep. 30, 2022
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests REDEEMABLE NONCONTROLLING INTERESTS
On October 31, 2022 we acquired the remaining 40% interest in Nickelodeon UK Limited (“Nick UK”) for £88 million, bringing our ownership to 100%. Prior to this transaction, we were subject to a redeemable put option with respect to Nick UK, which is classified as “Redeemable noncontrolling interest” on the Consolidated Balance Sheets. The activity reflected within redeemable noncontrolling interest for the nine months ended September 30, 2022 and 2021 is presented below.
Nine Months Ended
September 30,
20222021
Beginning balance$107 $197 
Net earnings
Distributions(5)(4)
Translation adjustment(27)(4)
Redemption value adjustment17 (94)
Ending balance$94 $103