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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 6,813 $ 7,616 $ 14,498 $ 14,881
Costs and expenses:        
Operating 4,367 5,227 9,403 10,191
Programming charges 0 697 1,118 2,371
Selling, general and administrative 1,579 1,783 3,241 3,536
Depreciation and amortization 101 105 201 205
Impairment charges 5,996 0 5,996 0
Restructuring and other corporate matters 88 54 274 54
Total costs and expenses 12,131 7,866 20,233 16,357
Operating loss (5,318) (250) (5,735) (1,476)
Interest expense (215) (240) (436) (466)
Interest income 35 33 80 68
Gain (loss) from investments 0 168 (4) 168
Other items, net (49) (60) (87) (106)
Loss from continuing operations before income taxes and equity in loss of investee companies (5,547) (349) (6,182) (1,812)
Benefit from income taxes 215 95 387 476
Equity in loss of investee companies, net of tax (72) (109) (162) (184)
Net loss from continuing operations (5,404) (363) (5,957) (1,520)
Net earnings from discontinued operations, net of tax 0 73 9 118
Net loss (Paramount and noncontrolling interests) (5,404) (290) (5,948) (1,402)
Net earnings attributable to noncontrolling interests (9) (9) (19) (15)
Net loss attributable to Paramount (5,413) (299) (5,967) (1,417)
Amounts attributable to Paramount:        
Net loss from continuing operations (5,413) (372) (5,976) (1,535)
Net earnings from discontinued operations, net of tax 0 73 9 118
Net loss attributable to Paramount $ (5,413) $ (299) $ (5,967) $ (1,417)
Basic net earnings (loss) per common share attributable to Paramount:        
Net loss from continuing operations (in dollars per share) $ (8.12) $ (0.59) $ (9.08) $ (2.40)
Net earnings from discontinued operations (in dollars per share) 0 0.11 0.01 0.18
Net loss (in dollars per share) (8.12) (0.48) (9.06) (2.22)
Diluted net earnings (loss) per common share attributable to Paramount:        
Net loss from continuing operations (in dollars per share) (8.12) (0.59) (9.08) (2.40)
Net earnings from discontinued operations (in dollars per share) 0 0.11 0.01 0.18
Net loss (in dollars per share) $ (8.12) $ (0.48) $ (9.06) $ (2.22)
Weighted average number of common shares outstanding:        
Basic (in shares) 667 651 660 651
Diluted (in shares) 667 651 660 651