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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 5,302 $ 6,267
Receivables, net 7,263 6,984
Programming and other inventory 950 1,504
Prepaid expenses and other current assets 1,245 1,176
Current assets of discontinued operations 594 745
Total current assets 15,354 16,676
Property and equipment, net 1,706 1,736
Programming and other inventory 14,180 13,358
Goodwill 16,561 16,584
Intangible assets, net 2,760 2,772
Operating lease assets 1,614 1,630
Deferred income tax assets, net 1,280 1,206
Other assets 3,771 3,824
Assets held for sale 0 19
Assets of discontinued operations 817 815
Total Assets 58,043 58,620
Current Liabilities:    
Accounts payable 977 800
Accrued expenses 1,960 2,323
Participants’ share and royalties payable 2,172 2,159
Accrued programming and production costs 1,687 1,342
Deferred revenues 1,055 1,091
Debt 15 11
Other current liabilities 1,374 1,182
Current liabilities of discontinued operations 483 571
Total current liabilities 9,723 9,479
Long-term debt 16,797 17,698
Participants’ share and royalties payable 1,310 1,244
Pension and postretirement benefit obligations 1,914 1,946
Deferred income tax liabilities, net 1,067 1,063
Operating lease liabilities 1,579 1,598
Program rights obligations 429 404
Other liabilities 1,753 1,898
Liabilities of discontinued operations 209 213
Redeemable noncontrolling interest 105 107
Commitments and contingencies (Note 14)
Paramount stockholders’ equity:    
5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized and 10 shares issued (2022 and 2021) 0 0
Additional paid-in capital 32,946 32,918
Treasury stock, at cost; 503 (2022 and 2021) Class B shares (22,958) (22,958)
Retained earnings 14,599 14,343
Accumulated other comprehensive loss (1,924) (1,902)
Total Paramount stockholders’ equity 22,664 22,402
Noncontrolling interests 493 568
Total Equity 23,157 22,970
Total Liabilities and Equity 58,043 58,620
Common Class A    
Paramount stockholders’ equity:    
Common stock 0 0
Common Class B    
Paramount stockholders’ equity:    
Common stock $ 1 $ 1