XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3Close
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 6,731 $ 7,133 $ 21,229 $ 22,014 Close
Costs and expenses:        
Operating 4,342 4,681 13,745 14,872
Programming charges 0 0 1,118 2,371
Selling, general and administrative 1,531 1,736 4,772 5,272
Depreciation and amortization 96 105 297 310
Impairment charges 104 0 6,100 0
Restructuring and transaction-related costs 321 (10) 595 44
Total costs and expenses 6,394 6,512 26,627 22,869 Close
Operating income (loss) 337 621 (5,398) (855) Close
Interest expense (209) (232) (645) (698) Close
Interest income 31 29 111 97 Close
Gain (loss) from investments 0 0 (4) 168 Close
Other items, net (39) (42) (126) (148) Close
Total Other Income Expenses -217.0 -245.0 -664.0 -581.0 0 Close
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies 120 376 (6,062) (1,436) CloseClose
(Provision for) benefit from income taxes (45) (40) 342 436 Close
Equity in loss of investee companies, net of tax (59) (75) (221) (259) Close
Net earnings (loss) from continuing operations 16 261 (5,941) (1,259) Close
Net earnings from discontinued operations, net of tax 5 48 14 166
Net earnings (loss) (Paramount and noncontrolling interests) 21 309 (5,927) (1,093)
Net earnings attributable to noncontrolling interests (20) (14) (39) (29)
Net earnings (loss) attributable to Paramount 1 295 (5,966) (1,122)
Amounts attributable to Paramount:        
Net earnings (loss) from continuing operations (4) 247 (5,980) (1,288)
Net earnings from discontinued operations, net of tax 5 48 14 166
Net earnings (loss) attributable to Paramount $ 1 $ 295 $ (5,966) $ (1,122)
Basic net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) $ (0.01) $ 0.36 $ (9.04) $ (2.04)
Net earnings from discontinued operations (in dollars per share) 0.01 0.07 0.02 0.25
Net earnings (loss) (in dollars per share) 0 0.43 (9.02) (1.79)
Diluted net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) (0.01) 0.36 (9.04) (2.04)
Net earnings from discontinued operations (in dollars per share) 0.01 0.07 0.02 0.25
Net earnings (loss) (in dollars per share) $ 0 $ 0.43 $ (9.02) $ (1.79)
Weighted average number of common shares outstanding:        
Basic (in shares) 667 652 663 651
Diluted (in shares) 670 652 663 651