v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:        
Net earnings (loss) (Paramount and noncontrolling interests) $ 61 $ (5,404) $ 222 $ (5,948)
Less: Net earnings from discontinued operations, net of tax 0 0 0 9
Net earnings (loss) from continuing operations 61 (5,404) 222 (5,957)
Adjustments to reconcile net earnings (loss) from continuing operations to net cash flow provided by operating activities:        
Programming charges 0 0 0 1,118
Depreciation and amortization 87 101 175 201
Impairment charges 157 5,996 157 5,996
Deferred tax provision (benefit)     21 (593)
Stock-based compensation     87 109
Gain on dispositions 0 0 (35) 0
Loss from investment 0 0 0 4
Equity in loss of investee companies, net of tax and distributions     141 168
Change in assets and liabilities     (429) (727)
Net cash flow provided by operating activities     339 319
Investing Activities:        
Investments     (148) (166)
Capital expenditures     (102) (100)
Proceeds from dispositions     66 21
Net cash flow used for investing activities from continuing operations     (184) (245)
Net cash flow provided by investing activities from discontinued operations     0 48
Net cash flow used for investing activities     (184) (197)
Financing Activities:        
Dividends paid on preferred stock     0 (29)
Dividends paid on common stock     (70) (68)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation     (26) (18)
Payments to noncontrolling interests     (65) (97)
Other financing activities     0 (25)
Net cash flow used for financing activities     (161) (237)
Effect of exchange rate changes on cash and cash equivalents     84 (30)
Net increase (decrease) in cash and cash equivalents     78 (145)
Cash and cash equivalents at beginning of year     2,661 2,460
Cash and cash equivalents at end of period $ 2,739 $ 2,315 $ 2,739 $ 2,315