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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenues $ 7,328 $ 7,412
Costs and expenses:    
Operating 4,796 4,363
Selling, general and administrative 1,619 1,422
Depreciation and amortization 96 99
Restructuring and other corporate matters 57 0
Total costs and expenses 6,568 5,884
Gain on sales 15 0
Operating income 775 1,528
Interest expense (240) (259)
Interest income 21 13
Loss on extinguishment of debt (73) (128)
Other items, net (13) 1
Earnings from continuing operations before income taxes and equity in loss of investee companies 470 1,155
Provision for income taxes (34) (226)
Equity in loss of investee companies, net of tax (37) (18)
Net earnings from continuing operations 399 911
Net earnings from discontinued operations, net of tax 42 12
Net earnings (Paramount and noncontrolling interests) 441 923
Net earnings attributable to noncontrolling interests (8) (12)
Net earnings attributable to Paramount 433 911
Amounts attributable to Paramount:    
Net earnings from continuing operations 391 899
Net earnings from discontinued operations, net of tax 42 12
Net earnings attributable to Paramount $ 433 $ 911
Basic net earnings per common share attributable to Paramount:    
Net earnings from continuing operations (in dollars per share) $ 0.58 $ 1.44
Net earnings from discontinued operations (in dollars per share) 0.06 0.02
Net earnings (in dollars per share) 0.65 1.46
Diluted net earnings per common share attributable to Paramount:    
Net earnings from continuing operations (in dollars per share) 0.58 1.42
Net earnings from discontinued operations (in dollars per share) 0.06 0.02
Net earnings (in dollars per share) $ 0.64 $ 1.44
Weighted average number of common shares outstanding:    
Basic (in shares) 649 622
Diluted (in shares) 651 631