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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 7,133 $ 6,916 $ 22,014 $ 22,023
Costs and expenses:        
Operating 4,681 4,460 14,872 14,362
Programming charges 0 0 2,371 0
Selling, general and administrative 1,736 1,670 5,272 4,999
Depreciation and amortization 105 92 310 282
Restructuring and other corporate matters (10) 169 44 276
Total costs and expenses 6,512 6,391 22,869 19,919
Gain on dispositions 0 41 0 56
Operating income (loss) 621 566 (855) 2,160
Interest expense (232) (231) (698) (701)
Interest income 29 33 97 73
Gain (loss) from investments 0 (9) 168 (9)
Loss on extinguishment of debt 0 0 0 (120)
Other items, net (42) (36) (148) (91)
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies 376 323 (1,436) 1,312
(Provision for) benefit from income taxes (40) (101) 436 (264)
Equity in loss of investee companies, net of tax (75) (58) (259) (124)
Net earnings (loss) from continuing operations 261 164 (1,259) 924
Net earnings from discontinued operations, net of tax 48 78 166 181
Net earnings (loss) (Paramount and noncontrolling interests) 309 242 (1,093) 1,105
Net earnings attributable to noncontrolling interests (14) (11) (29) (22)
Net earnings (loss) attributable to Paramount 295 231 (1,122) 1,083
Amounts attributable to Paramount:        
Net earnings (loss) from continuing operations 247 153 (1,288) 902
Net earnings from discontinued operations, net of tax 48 78 166 181
Net earnings (loss) attributable to Paramount $ 295 $ 231 $ (1,122) $ 1,083
Basic net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) $ 0.36 $ 0.21 $ (2.04) $ 1.32
Net earnings from discontinued operations (in dollars per share) 0.07 0.12 0.25 0.28
Net earnings (loss) (in dollars per share) 0.43 0.33 (1.79) 1.60
Diluted net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) 0.36 0.21 (2.04) 1.32
Net earnings from discontinued operations (in dollars per share) 0.07 0.12 0.25 0.28
Net earnings (loss) (in dollars per share) $ 0.43 $ 0.33 $ (1.79) $ 1.60
Weighted average number of common shares outstanding:        
Basic (in shares) 652 649 651 649
Diluted (in shares) 652 650 651 650