Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of Common Stock Dividends

The following table presents dividends declared per share and total dividends for our Class A and Class B Common Stock and our Mandatory Convertible Preferred Stock for the years ended December 31, 2023, 2022 and 2021.

Year Ended December 31,	2023		2022		2021
Class A and Class B Common Stock
Dividends declared per common share (a)	$	.39	$	.96	$	.96
Total common stock dividends	$	261	$	635	$	625
Mandatory Convertible Preferred Stock
Dividends declared per preferred share (b)	$	5.75	$	5.75	$	4.4243
Total preferred stock dividends	$	58	$	58	$	44

(a) We declared a quarterly cash dividend of $.24 per share on our Class A and Class B Common Stock during the first quarter of 2023 and each of the quarters of 2022 and 2021. Beginning with the second quarter of 2023 and for the remaining quarters of 2023, we declared a quarterly cash dividend on our Class A and Class B Common Stock of $.05 per share.

(b) During the second quarter of 2021, we declared a quarterly cash dividend of $1.5493 per share on our Mandatory Convertible Preferred Stock, representing a dividend period from March 26, 2021 through July 1, 2021. For all subsequent quarters, we declared a quarterly cash dividend of $1.4375 per share on our Mandatory Convertible Preferred Stock.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the components of accumulated other comprehensive income (loss).

	Continuing Operations								Discontinued Operations
					Net Actuarial								Accumulated
	Cumulative				Loss and				Other				Other
	Translation				Prior				Comprehensive				Comprehensive
	Adjustments				Service Cost				Income (Loss) (a)				Loss
At December 31, 2020		$	(303)			$	(1,509)			$	(20)			$	(1,832)
Other comprehensive income (loss) before reclassifications		(142)				5				(3)				(140)
Reclassifications to net earnings		—				70		(b)		—				70
Other comprehensive income (loss)		(142)				75				(3)				(70)
At December 31, 2021		(445)				(1,434)				(23)				(1,902)
Other comprehensive income (loss) before reclassifications		(235)				273				(7)				31
Reclassifications to net earnings		—				64		(b)		—				64
Other comprehensive income (loss)		(235)				337				(7)				95
At December 31, 2022		(680)				(1,097)				(30)				(1,807)
Other comprehensive income (loss) before reclassifications		132				(7)				(5)				120
Reclassifications to net loss		44		(c)		52		(b)		35		(d)		131
Other comprehensive income		176				45				30				251
At December 31, 2023		$	(504)			$	(1,052)			$	—			$	(1,556)

(a) Reflects cumulative translation adjustments.

(b) Reflects amortization of net actuarial losses, which for 2021 includes the accelerated recognition of a portion of the unamortized actuarial losses due to the volume of lump sum benefit payments in one of our pension plans (see Note 17).

(c) Reflects amounts realized within “Gain (loss) from investments” on the Consolidated Statement of Operations in connection with the dilution of our interest in Viacom18 (see Note 11).

(d) Reflects amounts realized within “Net earnings from discontinued operations, net of tax” on the Consolidated Statement of Operations in connection with the sale of Simon & Schuster (see Note 2).