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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Useful Lives of Property and Equipment Depreciation is calculated using the straight-line method over estimated useful lives as follows:
Buildings and building improvements
10 to 40 years
Leasehold improvementsShorter of lease term or useful life
Equipment and other (including finance leases)
3 to 20 years
At December 31,20232022
Land$373 $371 
Buildings881 863 
Equipment and other3,916 4,242 
5,170 5,476 
Less: Accumulated depreciation3,504 3,714 
Property and equipment, net$1,666 $1,762 
Year Ended December 31,202320222021
Depreciation expense
$383 $337 $344 
Reconciliation for Calculation of Basic and Diluted EPS The table below presents a reconciliation of weighted average shares used in the calculation of basic and diluted EPS.
Year Ended December 31,202320222021
(in millions)
Weighted average shares for basic EPS652 649 641 
Dilutive effect of shares issuable under stock-based compensation plans
— 1 5 
Conversion of Mandatory Convertible Preferred Stock— — 9 
Weighted average shares for diluted EPS652 650 655 
The table below presents a reconciliation of net earnings (loss) from continuing operations and net earnings (loss) to the amounts used in the calculations of basic and diluted EPS.
Year Ended December 31,202320222021
Amounts attributable to Paramount:
Net earnings (loss) from continuing operations
$(1,284)$725 $4,381 
Preferred stock dividends(58)(58)(44)
Net earnings (loss) from continuing operations for basic
   EPS calculation
(1,342)667 4,337 
Preferred stock dividend adjustment— — 44 
Net earnings (loss) from continuing operations for diluted
   EPS calculation
$(1,342)$667 $4,381 
Amounts attributable to Paramount:
Net earnings (loss)
$(608)$1,104 $4,543 
Preferred stock dividends(58)(58)(44)
Net earnings (loss) for basic EPS calculation
(666)1,046 4,499 
Preferred stock dividend adjustment— — 44 
Net earnings (loss) for diluted EPS calculation
$(666)$1,046 $4,543