Amazon.com (AMZN) 10-Q27 Oct 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2022	Oct. 19, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	000-22513
Entity Registrant Name	AMAZON.COM, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1646860
Entity Address, Address Line One	410 Terry Avenue North
Entity Address, City or Town	Seattle,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98109-5210
City Area Code	206
Local Phone Number	266-1000
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMZN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,201,654,176
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001018724

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	$ 37,700	$ 40,667	$ 36,477	$ 42,377	$ 30,177	$ 30,202
OPERATING ACTIVITIES:
Net income (loss)	2,872	3,156	(3,000)	19,041	11,323	26,263
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other	10,204	8,948	28,776	24,494	38,578	32,112
Stock-based compensation	5,556	3,180	14,015	9,077	17,695	11,639
Other operating expense (income), net	123	24	460	72	525	(415)
Other expense (income), net	(1,272)	340	13,521	(2,374)	1,589	(3,701)
Deferred income taxes	(825)	909	(4,781)	3,313	(8,404)	1,677
Changes in operating assets and liabilities:
Inventories	732	(7,059)	(5,772)	(7,572)	(7,687)	(7,242)
Accounts receivable, net and other	(4,794)	(4,890)	(13,109)	(11,607)	(19,665)	(16,168)
Accounts payable	(1,226)	3,832	(6,907)	(4,387)	1,082	8,863
Accrued expenses and other	(20)	(1,465)	(7,335)	(7,210)	1,998	(84)
Unearned revenue	54	338	1,711	1,394	2,631	1,727
Net cash provided by (used in) operating activities	11,404	7,313	17,579	24,241	39,665	54,671
INVESTING ACTIVITIES:
Purchases of property and equipment	(16,378)	(15,748)	(47,053)	(42,118)	(65,988)	(56,941)
Proceeds from property and equipment sales and incentives	1,337	997	4,172	3,192	6,637	4,822
Acquisitions, net of cash acquired, and other	(885)	(654)	(7,485)	(1,604)	(7,866)	(1,985)
Sales and maturities of marketable securities	557	15,808	25,918	46,847	38,455	64,185
Purchases of marketable securities	(239)	(15,231)	(2,332)	(51,891)	(10,598)	(72,692)
Net cash provided by (used in) investing activities	(15,608)	(14,828)	(26,780)	(45,574)	(39,360)	(62,611)
FINANCING ACTIVITIES:
Common stock repurchased	0	0	(6,000)	0	(6,000)	0
Proceeds from short-term debt, and other	12,338	2,187	30,946	5,289	33,613	7,724
Repayments of short-term debt, and other	(7,916)	(1,917)	(21,757)	(5,094)	(24,416)	(7,385)
Proceeds from long-term debt	107	176	12,931	18,803	13,131	19,334
Repayments of long-term debt	0	(509)	(1)	(589)	(1,002)	(703)
Principal repayments of finance leases	(1,465)	(2,693)	(6,301)	(8,903)	(8,561)	(11,271)
Principal repayments of financing obligations	(48)	(20)	(186)	(115)	(233)	(124)
Net cash provided by (used in) financing activities	3,016	(2,776)	9,632	9,391	6,532	7,575
Foreign currency effect on cash, cash equivalents, and restricted cash	(1,334)	(199)	(1,730)	(258)	(1,836)	340
Net increase (decrease) in cash, cash equivalents, and restricted cash	(2,522)	(10,490)	(1,299)	(12,200)	5,001	(25)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	$ 35,178	$ 30,177	$ 35,178	$ 30,177	$ 35,178	$ 30,177

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total net sales	$ 127,101	$ 110,812	$ 364,779	$ 332,410
Operating expenses:
Cost of sales	70,268	62,930	203,191	189,509
Fulfillment	20,583	18,498	61,196	52,666
Technology and content	19,485	14,380	52,399	40,739
Sales and marketing	11,014	8,010	29,420	21,741
General and administrative	3,061	2,153	8,558	6,298
Other operating expense (income), net	165	(11)	504	38
Total operating expenses	124,576	105,960	355,268	310,991
Operating income	2,525	4,852	9,511	21,419
Interest income	277	119	544	330
Interest expense	(617)	(493)	(1,673)	(1,327)
Other income (expense), net	759	(163)	(13,356)	2,795
Total non-operating income (expense)	419	(537)	(14,485)	1,798
Income (loss) before income taxes	2,944	4,315	(4,974)	23,217
Benefit (provision) for income taxes	(69)	(1,155)	1,990	(4,179)
Equity-method investment activity, net of tax	(3)	(4)	(16)	3
Net income (loss)	$ 2,872	$ 3,156	$ (3,000)	$ 19,041
Basic earnings per share (in usd per share)	$ 0.28	$ 0.31	$ (0.29)	$ 1.88
Diluted earnings per share (in usd per share)	$ 0.28	$ 0.31	$ (0.29)	$ 1.85
Weighted-average shares used in computation of earnings per share:
Basic (in shares)	10,191	10,132	10,178	10,103
Diluted (in shares)	10,331	10,309	10,178	10,287
Product
Total net sales	$ 59,340	$ 54,876	$ 172,370	$ 170,371
Service
Total net sales	$ 67,761	$ 55,936	$ 192,409	$ 162,039

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,872	$ 3,156	$ (3,000)	$ 19,041
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $39, $76, $35, and $136	(2,142)	(537)	(4,661)	(752)
Net change in unrealized gains (losses) on available-for-sale debt securities:
Unrealized gains (losses), net of tax of $3, $(4), $31, and $(3)	(195)	(5)	(1,095)	(109)
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $5, $0, $13, and $0	4	(8)	17	(34)
Net unrealized gains (losses) on available-for-sale debt securities	(191)	(13)	(1,078)	(143)
Total other comprehensive income (loss)	(2,333)	(550)	(5,739)	(895)
Comprehensive income (loss)	$ 539	$ 2,606	$ (8,739)	$ 18,146

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 76	$ 39	$ 136	$ 35
Unrealized gains (losses), tax	(4)	3	(3)	31
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” tax	$ 0	$ 5	$ 0	$ 13

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 34,947	$ 36,220
Marketable securities	23,715	59,829
Inventories	36,647	32,640
Accounts receivable, net and other	36,154	32,891
Total current assets	131,463	161,580
Property and equipment, net	177,195	160,281
Operating leases	62,033	56,082
Goodwill	20,168	15,371
Other assets	37,503	27,235
Total assets	428,362	420,549
Current liabilities:
Accounts payable	67,760	78,664
Accrued expenses and other	59,974	51,775
Unearned revenue	12,629	11,827
Total current liabilities	140,363	142,266
Long-term lease liabilities	69,332	67,651
Long-term debt	58,919	48,744
Other long-term liabilities	22,259	23,643
Commitments and contingencies (Note 4)
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)	0	0
Common stock ($0.01 par value; 100,000 shares authorized; 10,644 and 10,714 shares issued; 10,175 and 10,198 shares outstanding)	107	106
Treasury stock, at cost	(7,837)	(1,837)
Additional paid-in capital	69,419	55,437
Accumulated other comprehensive income (loss)	(7,115)	(1,376)
Retained earnings	82,915	85,915
Total stockholders’ equity	137,489	138,245
Total liabilities and stockholders’ equity	$ 428,362	$ 420,549

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	500,000,000	500,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000,000	100,000,000,000
Common stock, issued (in shares)	10,714,000,000	10,644,000,000
Common stock, outstanding (in shares)	10,198,000,000	10,175,000,000

Accounting Policies and Supplem

Accounting Policies and Supplemental Disclosures	9 Months Ended
Accounting Policies and Supplemental Disclosures	Sep. 30, 2022
Accounting Policies [Abstract]
Accounting Policies and Supplemental Disclosures	ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2022 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2021 Annual Report on Form 10-K. Common Stock Split On May 27, 2022, we effected a 20-for-1 stock split of our common stock and proportionately increased the number of authorized shares of common stock. All share, restricted stock unit (“RSU”), and per share or per RSU information throughout this Quarterly Report on Form 10-Q has been retroactively adjusted to reflect the stock split. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from “Additional paid-in capital” to “Common stock.” Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, and valuation and impairment of investments. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis, and effective January 1, 2022 we changed our estimate of the useful lives for our servers from four five Property and equipment, net Property and equipment, net Supplemental Cash Flow Information The following table shows supplemental cash flow information (in millions): Three Months Ended Nine Months Ended Twelve Months Ended 2021 2022 2021 2022 2021 2022 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on debt $ 276 $ 304 $ 731 $ 932 $ 933 $ 1,299 Cash paid for operating leases 1,812 1,813 5,029 6,268 6,230 7,961 Cash paid for interest on finance leases 121 88 407 290 535 404 Cash paid for interest on financing obligations 48 39 116 152 147 189 Cash paid for income taxes, net of refunds 750 742 3,354 4,340 3,774 4,674 Assets acquired under operating leases 10,447 6,755 19,561 14,031 23,908 19,839 Property and equipment acquired under finance leases, net of remeasurements and modifications 1,744 131 5,453 358 8,149 1,966 Property and equipment recognized during the construction period of build-to-suit lease arrangements 1,797 526 3,877 2,877 4,916 4,847 Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating 76 2,195 174 3,307 174 3,363 Earnings Per Share Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect. The following table shows the calculation of diluted shares (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Shares used in computation of basic earnings per share 10,132 10,191 10,103 10,178 Total dilutive effect of outstanding stock awards 177 140 184 — Shares used in computation of diluted earnings per share 10,309 10,331 10,287 10,178 Other Income (Expense), Net Other income (expense), net, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Marketable equity securities valuation gains (losses) $ (129) $ 1,039 $ (48) $ (11,528) Equity warrant valuation gains (losses) (50) (170) 1,194 (1,606) Upward adjustments relating to equity investments in private companies 155 11 1,661 76 Foreign currency gains (losses) (107) (103) (28) (206) Other, net (32) (18) 16 (92) Total other income (expense), net (163) 759 2,795 (13,356) Included in other income (expense), net is a marketable equity securities valuation gain (loss) of $1.1 billion in Q3 2022, and $(10.4) billion for the nine months ended September 30, 2022, from our equity investment in Rivian Automotive, Inc. (“Rivian”). Our investment in Rivian’s preferred stock was accounted for at cost, with adjustments for observable changes in prices or impairments, prior to Rivian’s initial public offering in November 2021, which resulted in the conversion of our preferred stock to Class A common stock. As of September 30, 2022, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 17% ownership interest, and an approximate 16% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets. Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions): Six Months Ended June 30, 2021 2022 Revenues $ — $ 459 Gross profit — (1,206) Loss from operations (990) (3,287) Net loss (994) (3,305) Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $2.6 billion and $2.3 billion as of December 31, 2021 and September 30, 2022. Accounts Receivable, Net and Other Included in “Accounts receivable, net and other” on our consolidated balance sheets are amounts primarily related to customers, vendors, and sellers. As of December 31, 2021 and September 30, 2022, customer receivables, net, were $20.2 billion and $22.8 billion, vendor receivables, net, were $5.3 billion and $4.9 billion, and seller receivables, net, were $1.0 billion and $1.4 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.1 billion and $1.3 billion as of December 31, 2021 and September 30, 2022. Digital Video and Music Content The total capitalized costs of video, which is primarily released content, and music as of December 31, 2021 and September 30, 2022 were $10.7 billion and $16.3 billion. Total video and music expense was $3.3 billion and $4.2 billion in Q3 2021 and Q3 2022, and $9.4 billion and $11.4 billion for the nine months ended September 30, 2021 and 2022. Unearned Revenue Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2021 was $14.0 billion, of which $10.1 billion was recognized as revenue during the nine months ended September 30, 2022. Included in “Other long-term liabilities” on our consolidated balance sheets was $2.2 billion and $2.7 billion of unearned revenue as of December 31, 2021 and September 30, 2022. Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $104.3 billion as of September 30, 2022. The weighted-average remaining life of our long-term contracts is 3.8 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term. Acquisition Activity On March 17, 2022, we acquired MGM Holdings Inc. (“MGM”), for cash consideration of approximately $6.1 billion, net of cash acquired, to provide more digital media content options for customers. We also assumed $2.5 billion of debt, which we repaid immediately after closing. The acquired assets primarily consist of $3.4 billion of video content and $4.9 billion of goodwill, the majority of which is allocated to our North America segment. Pro forma results of operations have not been presented because the effects of the MGM acquisition were not material to our consolidated results of operations. Acquisition-related costs were expensed as incurred and were not significant.

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Cash, Cash Equivalents, Restricted Cash, and Marketable Securities As of December 31, 2021 and September 30, 2022, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1— Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2— Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3— Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data. We did not hold significant amounts of marketable securities categorized as Level 3 assets as of December 31, 2021 and September 30, 2022. The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions): December 31, 2021 September 30, 2022 Total Cost or Gross Gross Total Cash $ 10,942 $ 10,720 $ — $ — $ 10,720 Level 1 securities: Money market funds 20,312 16,697 — — 16,697 Equity securities (1)(3) 1,646 5,988 Level 2 securities: Foreign government and agency securities 181 141 — (2) 139 U.S. government and agency securities 4,300 2,301 — (169) 2,132 Corporate debt securities 35,764 20,229 — (799) 19,430 Asset-backed securities 6,738 3,578 — (191) 3,387 Other fixed income securities 686 403 — (22) 381 Equity securities (1)(3) 15,740 19 $ 96,309 $ 54,069 $ — $ (1,183) $ 58,893 Less: Restricted cash, cash equivalents, and marketable securities (2) (260) (231) Total cash, cash equivalents, and marketable securities $ 96,049 $ 58,662 ___________________ (1) The related unrealized gain (loss) recorded in “Other income (expense), net” was $(116) million and $1.0 billion in Q3 2021 and Q3 2022, and $6 million and $(11.3) billion for the nine months ended September 30, 2021 and 2022. (2) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable fixed income securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable fixed income securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.” (3) Our equity investment in Rivian had a fair value of $15.6 billion and $5.2 billion as of December 31, 2021 and September 30, 2022, respectively. The investment was subject to regulatory sales restrictions resulting in a discount for lack of marketability of approximately $800 million as of December 31, 2021, which expired in Q1 2022. The following table summarizes the remaining contractual maturities of our cash equivalents and marketable fixed income securities as of September 30, 2022 (in millions): Amortized Estimated Due within one year $ 26,797 $ 26,738 Due after one year through five years 13,757 12,807 Due after five years through ten years 772 728 Due after ten years 2,023 1,893 Total $ 43,349 $ 42,166 Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions. Equity Warrants and Non-Marketable Equity Investments We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2021 and September 30, 2022, these warrants had a fair value of $3.4 billion and $2.5 billion, and are recorded within “Other assets” on our consolidated balance sheets with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are primarily classified as Level 2 assets. As of December 31, 2021 and September 30, 2022, equity investments not accounted for under the equity-method and without readily determinable fair values had a carrying value of $603 million and $831 million, and are recorded within “Other assets” on our consolidated balance sheets with adjustments recognized in “Other income (expense), net” on our consolidated statements of operations. Consolidated Statements of Cash Flows Reconciliation The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2021 September 30, 2022 Cash and cash equivalents $ 36,220 $ 34,947 Restricted cash included in accounts receivable, net and other 242 224 Restricted cash included in other assets 15 7 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 36,477 $ 35,178

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	LEASES We have entered into non-cancellable operating and finance leases for fulfillment, delivery, office, physical store, data center, and sortation facilities as well as server and networking equipment, vehicles, and aircraft. Gross assets acquired under finance leases, inclusive of those where title transfers at the end of the lease, are recorded in “ Property and equipment, net Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Operating lease cost $ 1,911 $ 2,236 $ 5,129 $ 6,472 Finance lease cost: Amortization of lease assets 2,497 1,496 7,442 4,586 Interest on lease liabilities 114 85 365 280 Finance lease cost 2,611 1,581 7,807 4,866 Variable lease cost 372 462 1,135 1,402 Total lease cost $ 4,894 $ 4,279 $ 14,071 $ 12,740 Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2021 September 30, 2022 Weighted-average remaining lease term – operating leases 11.3 years 11.4 years Weighted-average remaining lease term – finance leases 8.1 years 9.8 years Weighted-average discount rate – operating leases 2.2 % 2.6 % Weighted-average discount rate – finance leases 2.0 % 2.3 % Our lease liabilities were as follows (in millions): December 31, 2021 Operating Leases Finance Leases Total Gross lease liabilities $ 66,269 $ 25,866 $ 92,135 Less: imputed interest (7,939) (2,113) (10,052) Present value of lease liabilities 58,330 23,753 82,083 Less: current portion of lease liabilities (6,349) (8,083) (14,432) Total long-term lease liabilities $ 51,981 $ 15,670 $ 67,651 September 30, 2022 Operating Leases Finance Leases Total Gross lease liabilities $ 75,495 $ 18,838 $ 94,333 Less: imputed interest (10,712) (2,207) (12,919) Present value of lease liabilities 64,783 16,631 81,414 Less: current portion of lease liabilities (7,046) (5,036) (12,082) Total long-term lease liabilities $ 57,737 $ 11,595 $ 69,332
Leases	LEASES We have entered into non-cancellable operating and finance leases for fulfillment, delivery, office, physical store, data center, and sortation facilities as well as server and networking equipment, vehicles, and aircraft. Gross assets acquired under finance leases, inclusive of those where title transfers at the end of the lease, are recorded in “ Property and equipment, net Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Operating lease cost $ 1,911 $ 2,236 $ 5,129 $ 6,472 Finance lease cost: Amortization of lease assets 2,497 1,496 7,442 4,586 Interest on lease liabilities 114 85 365 280 Finance lease cost 2,611 1,581 7,807 4,866 Variable lease cost 372 462 1,135 1,402 Total lease cost $ 4,894 $ 4,279 $ 14,071 $ 12,740 Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2021 September 30, 2022 Weighted-average remaining lease term – operating leases 11.3 years 11.4 years Weighted-average remaining lease term – finance leases 8.1 years 9.8 years Weighted-average discount rate – operating leases 2.2 % 2.6 % Weighted-average discount rate – finance leases 2.0 % 2.3 % Our lease liabilities were as follows (in millions): December 31, 2021 Operating Leases Finance Leases Total Gross lease liabilities $ 66,269 $ 25,866 $ 92,135 Less: imputed interest (7,939) (2,113) (10,052) Present value of lease liabilities 58,330 23,753 82,083 Less: current portion of lease liabilities (6,349) (8,083) (14,432) Total long-term lease liabilities $ 51,981 $ 15,670 $ 67,651 September 30, 2022 Operating Leases Finance Leases Total Gross lease liabilities $ 75,495 $ 18,838 $ 94,333 Less: imputed interest (10,712) (2,207) (12,919) Present value of lease liabilities 64,783 16,631 81,414 Less: current portion of lease liabilities (7,046) (5,036) (12,082) Total long-term lease liabilities $ 57,737 $ 11,595 $ 69,332

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of September 30, 2022 (in millions): Three Months Ended December 31, Year Ended December 31, 2022 2023 2024 2025 2026 Thereafter Total Long-term debt principal and interest $ 1,886 $ 4,789 $ 8,993 $ 5,995 $ 4,563 $ 67,529 $ 93,755 Operating lease liabilities 2,664 8,380 7,918 7,327 6,747 42,459 75,495 Finance lease liabilities, including interest 1,616 4,523 2,137 1,345 1,188 8,029 18,838 Financing obligations, including interest (1) 115 462 462 456 463 7,177 9,135 Leases not yet commenced 213 1,562 2,158 2,126 2,153 19,497 27,709 Unconditional purchase obligations (2) 1,721 7,102 6,296 4,984 4,335 9,405 33,843 Other commitments (3)(4) 1,191 2,485 1,586 1,006 1,063 9,716 17,047 Total commitments $ 9,406 $ 29,303 $ 29,550 $ 23,239 $ 20,512 $ 163,812 $ 275,822 ___________________ (1) Includes non-cancellable financing obligations for fulfillment, sortation, and data center facilities. Excluding interest, current financing obligations of $196 million and $254 million are recorded within “Accrued expenses and other” and $6.2 billion and $6.7 billion are recorded within “Other long-term liabilities” as of December 31, 2021 and September 30, 2022. The weighted-average remaining term of the financing obligations was 18.8 years and 18.2 years and the weighted-average imputed interest rate was 3.2% as of December 31, 2021 and September 30, 2022. (2) Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. (3) Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. (4) Excludes approximately $3.4 billion of accrued tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any. In addition, we are paying the previously disclosed €1.13 billion fine imposed by the Italian Competition Authority in December 2021, which we will seek to recover pending conclusion of all appeals. In July 2022, we entered into an agreement to acquire 1Life Healthcare, Inc. (One Medical) for approximately $3.9 billion, including its debt, subject to customary closing conditions. In August 2022, we entered into an agreement to acquire iRobot Corporation for approximately $1.7 billion, including its debt, subject to customary closing conditions. We expect to fund these acquisitions with cash on hand. Other Contingencies We are disputing claims and denials of refunds or credits related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically relate to (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations. Legal Proceedings The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2021 Annual Report on Form 10-K and in Item 1 of Part I, “Financial Statements — Note 4 — Commitments and Contingencies — Legal Proceedings” of our Quarterly Reports on Form 10-Q for the periods ended March 31, 2022 and June 30, 2022, as supplemented by the following: Beginning in March 2020, with Frame-Wilson v. Amazon.com, Inc. filed in the United States District Court for the Western District of Washington, private litigants have filed a number of cases in the U.S. and Canada alleging, among other things, price fixing arrangements between Amazon.com, Inc. and vendors and third-party sellers in Amazon’s stores, monopolization and attempted monopolization, and consumer protection and unjust enrichment claims. Attorneys General for the District of Columbia and California brought similar suits in May 2021 and September 2022 in the Superior Court of the District of Columbia and the California Superior Court for the County of San Francisco, respectively. Some of the private cases include allegations of several distinct purported classes, including consumers who purchased a product through Amazon’s stores and consumers who purchased a product offered by Amazon through another e-commerce retailer. The complaints seek billions of dollars of alleged actual damages, treble damages, punitive damages, injunctive relief, civil penalties, attorneys’ fees, and costs. In March 2022, the court in the Frame-Wilson case granted Amazon’s motion to dismiss claims alleging that Amazon’s pricing policies are inherently illegal under federal law and claims alleging competition and consumer protection violations under state law, and denied Amazon’s motion to dismiss claims alleging that Amazon’s pricing policies are an unlawful restraint of trade under federal law. In the same month, the DC Superior Court dismissed the DC Attorney General’s lawsuit in its entirety; the dismissal is subject to appeal. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters. In October 2020, BroadbandiTV, Inc. filed a complaint against Amazon.com, Inc., Amazon.com Services LLC, and Amazon Web Services, Inc. in the United States District Court for the Western District of Texas. The complaint alleges, among other things, that certain Amazon Prime Video features and services infringe U.S. Patent Nos. 9,648,388, 10,546,750, and 10,536,751, each entitled “Video-On-Demand Content Delivery System For Providing Video-On-Demand Services To TV Services Subscribers”; 10,028,026, entitled “System For Addressing On-Demand TV Program Content On TV Services Platform Of A Digital TV Services Provider”; and 9,973,825, entitled “Dynamic Adjustment Of Electronic Program Guide Displays Based On Viewer Preferences For Minimizing Navigation In VOD Program Selection.” The complaint seeks an unspecified amount of damages. In April 2022, BroadbandiTV alleged in its damages report that, in the event of a finding of liability, Amazon.com, Inc., Amazon.com Services LLC, and Amazon Web Services, Inc. could be subject to $166-$986 million in damages. In September 2022, the court granted summary judgment, holding that the patents are invalid. This decision is subject to appeal. We dispute the allegations of wrongdoing and will continue to defend ourselves vigorously in this matter. In January 2022, VideoLabs, Inc. and VL Collective IP LLC filed a complaint against Amazon.com, Inc. and Amazon Web Services, Inc. in the United States District Court for the Western District of Texas. The complaint alleges, among other things, that Amazon Prime Video, Amazon Glow, Amazon Echo Show, Fire TV, Fire TV Cube, Fire TV Stick, Fire Tablets, AWS Elemental MediaConvert, AWS Elemental Live, AWS Elemental Server, AWS Elemental MediaPackage, AWS Elemental MediaLive, and Amazon Elastic Transcoder infringe U.S. Patent Nos. 7,769,238 and 8,139,878; both entitled “Picture Coding Method and Picture Decoding Method”, and 7,970,059, entitled “Variable Length Coding Method and Variable Length Decoding Method”; that Amazon Prime Video, AWS Elemental MediaConvert, AWS Elemental Live, AWS Elemental Server, AWS Elemental MediaPackage, AWS Elemental MediaLive, Amazon Elastic Transcoder, and Amazon Kinesis Video Streams infringe U.S. Patent No. 8,605,794, entitled “Method for Synchronizing Content-Dependent Data Segments of Files”; that Amazon Echo Show, Amazon Echo Spot, Amazon Connect, Amazon Chime, and Amazon Kinesis Video Streams infringe U.S. Patent No. 7,266,682, entitled “Method and System for Transmitting Data from a Transmitter to a Receiver and Transmitter and Receiver Therefore”; that AWS Auto Scaling and Amazon EC2 Auto Scaling infringe U.S. Patent No. 6,880,156, entitled “Demand Responsive Method and Apparatus to Automatically Activate Spare Servers”; and that Amazon Prime Video infringes U.S. Patent No. 7,440,559, entitled “System and Associated Terminal, Method and Computer Program Product for Controlling the Flow of Content.” The complaint seeks an unspecified amount of damages, enhanced damages, attorneys’ fees, costs, interest, and injunctive relief. In October 2022, the case was transferred to the United States District Court for the Western District of Washington. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter. In addition, we are regularly subject to claims, litigation, and other proceedings, including potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters. The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows. See also “Note 7 — Income Taxes.”

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	DEBT As of September 30, 2022, we had $62.5 billion of unsecured senior notes outstanding (the “Notes”), including $12.8 billion issued in April 2022 for general corporate purposes, and $1.0 billion of borrowings under our credit facility. Our total long-term debt obligations are as follows (in millions): Maturities (1) Stated Interest Rates Effective Interest Rates December 31, 2021 September 30, 2022 2012 Notes issuance of $3.0 billion 2022 2.50% 2.66% 1,250 1,250 2014 Notes issuance of $6.0 billion 2024 - 2044 3.80% - 4.95% 3.90% - 5.12% 4,000 4,000 2017 Notes issuance of $17.0 billion 2023 - 2057 2.40% - 5.20% 2.56% - 4.33% 16,000 16,000 2020 Notes issuance of $10.0 billion 2023 - 2060 0.40% - 2.70% 0.56% - 2.77% 10,000 10,000 2021 Notes issuance of $18.5 billion 2023 - 2061 0.25% - 3.25% 0.35% - 3.31% 18,500 18,500 2022 Notes Issuance of $12.8 billion 2024 - 2062 2.73% - 4.10% 2.83% - 4.15% — 12,750 Credit Facility 803 1,041 Total face value of long-term debt 50,553 63,541 Unamortized discount and issuance costs, net (318) (375) Less: current portion of long-term debt (1,491) (4,247) Long-term debt $ 48,744 $ 58,919 ___________________ (1) The weighted-average remaining lives of the 2012, 2014, 2017, 2020, 2021, and 2022 Notes were 0.2, 12.8, 14.5, 17.0, 13.6, and 13.5 years as of September 30, 2022. The combined weighted-average remaining life of the Notes was 14.0 years as of September 30, 2022. Interest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $53.3 billion and $53.7 billion as of December 31, 2021 and September 30, 2022, which is based on quoted prices for our debt as of those dates. We have a $1.5 billion secured revolving credit facility with a lender that is secured by certain seller receivables, which we increased from $1.0 billion to $1.5 billion in August 2022 and we may from time to time increase in the future subject to lender approval (the “Credit Facility”). The Credit Facility is available until August 2025, bears interest based on the daily Secured Overnight Financing Rate plus 1.25%, and has a commitment fee of up to 0.45% on the undrawn portion. There were $803 million and $1.0 billion of borrowings outstanding under the Credit Facility as of December 31, 2021 and September 30, 2022, which had a weighted-average interest rate of 2.7%. As of December 31, 2021 and September 30, 2022, we have pledged $918 million and $1.2 billion of our cash and seller receivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which is based on Level 2 inputs, approximated its carrying value as of December 31, 2021 and September 30, 2022. We have U.S. Dollar and Euro commercial paper programs (the “Commercial Paper Programs”) under which we may from time to time issue unsecured commercial paper up to a total of $20.0 billion (including up to €3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed 397 days from the date of issue. In March 2022, we increased the size of the Commercial Paper Programs from $10.0 billion to $20.0 billion. There were $725 million and $11.7 billion of borrowings outstanding under the Commercial Paper Programs as of December 31, 2021 and September 30, 2022, which were included in “Accrued expenses and other” on our consolidated balance sheets and had a weighted-average effective interest rate, including issuance costs, of 0.08% and 2.54%, respectively. We use the net proceeds from the issuance of commercial paper for general corporate purposes.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2022
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Stock Repurchase Activity In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration, which replaced the previous $5.0 billion stock repurchase authorization, approved by the Board of Directors in February 2016. We repurchased 46.2 million shares of our common stock for $6.0 billion during the nine months ended September 30, 2022 under these programs. As of September 30, 2022, we have $6.1 billion remaining under the repurchase program. Stock Award Activity Common shares outstanding plus shares underlying outstanding stock awards totaled 10.5 billion and 10.6 billion as of December 31, 2021 and September 30, 2022. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Cost of sales $ 126 $ 190 $ 361 $ 549 Fulfillment 473 727 1,381 1,988 Technology and content 1,627 3,036 4,742 7,495 Sales and marketing 657 1,128 1,804 2,783 General and administrative 297 475 789 1,200 Total stock-based compensation expense $ 3,180 $ 5,556 $ 9,077 $ 14,015 The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2022 (in millions): Number of Units Weighted-Average Outstanding as of December 31, 2021 279.9 $ 134 Units granted 224.1 150 Units vested (69.1) 109 Units forfeited (35.6) 143 Outstanding as of September 30, 2022 399.3 147 Scheduled vesting for outstanding restricted stock units as of September 30, 2022, is as follows (in millions): Three Months Ended December 31, Year Ended December 31, 2022 2023 2024 2025 2026 Thereafter Total Scheduled vesting — restricted stock units 44.0 137.2 133.0 56.5 24.7 3.9 399.3 As of September 30, 2022, there was $26.9 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a remaining weighted-average recognition period of 1.1 years. The estimated forfeiture rate as of December 31, 2021 and September 30, 2022 was 27% and 26%. Changes in our estimates and assumptions relating to forfeitures may cause us to realize material changes in stock-based compensation expense in the future. Changes in Stockholders’ Equity The following table shows changes in stockholders’ equity (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Total beginning stockholders’ equity $ 114,803 $ 131,402 $ 93,404 $ 138,245 Beginning common stock 106 107 105 106 Stock-based compensation and issuance of employee benefit plan stock — — 1 1 Ending common stock 106 107 106 107 Beginning treasury stock (1,837) (7,837) (1,837) (1,837) Common stock repurchased — — — (6,000) Ending treasury stock (1,837) (7,837) (1,837) (7,837) Beginning additional paid-in capital 48,623 63,871 42,765 55,437 Stock-based compensation and issuance of employee benefit plan stock 3,155 5,548 9,013 13,982 Ending additional paid-in capital 51,778 69,419 51,778 69,419 Beginning accumulated other comprehensive income (loss) (525) (4,782) (180) (1,376) Other comprehensive income (loss) (550) (2,333) (895) (5,739) Ending accumulated other comprehensive income (loss) (1,075) (7,115) (1,075) (7,115) Beginning retained earnings 68,436 80,043 52,551 85,915 Net income (loss) 3,156 2,872 19,041 (3,000) Ending retained earnings 71,592 82,915 71,592 82,915 Total ending stockholders’ equity $ 120,564 $ 137,489 $ 120,564 $ 137,489

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions. For 2022, we estimate that our effective tax rate will be favorably impacted by the U.S. federal research and development credit. In addition, valuation gains and losses from our equity investment in Rivian impact our pre-tax income and may cause variability in our effective tax rate. Our income tax provision for the nine months ended September 30, 2021 was $4.2 billion, which included $1.7 billion of net discrete tax benefits primarily attributable to excess tax benefits from stock-based compensation and audit-related developments. Our income tax benefit for the nine months ended September 30, 2022 was $2.0 billion, which included $3.3 billion of net discrete tax benefits primarily attributable to a valuation loss related to our equity investment in Rivian. Cash paid for income taxes, net of refunds was $750 million and $742 million in Q3 2021 and Q3 2022, and $3.4 billion and $4.3 billion for the nine months ended September 30, 2021 and 2022. As of December 31, 2021 and September 30, 2022, tax contingencies were approximately $3.2 billion and $3.4 billion. Changes in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors, including the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to our contingencies related to positions on prior years’ tax filings. We are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These examinations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination as well as subsequent periods. We are also subject to taxation in various states and other foreign jurisdictions including China, France, Germany, India, Japan, Luxembourg, and the United Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular jurisdictions primarily for 2009 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and characterization of income. In September 2022, the Luxembourg Tax Authority (“LTA”) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the U.S. in 2021. We believe the LTA’s position is without merit and intend to defend ourselves vigorously in this matter.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and content,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology infrastructure costs are allocated to the AWS segment based on usage. The majority of the remaining non-infrastructure technology costs are incurred in the U.S. and are allocated to our North America segment. There are no internal revenue transactions between our reportable segments. These segments reflect the way our chief operating decision maker evaluates the Company’s business performance and manages its operations. North America The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions through North America-focused online and physical stores. This segment includes export sales from these online stores. International The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores. AWS The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions. Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 North America Net sales $ 65,557 $ 78,843 $ 197,473 $ 222,517 Operating expenses 64,677 79,255 189,996 225,124 Operating income (loss) $ 880 $ (412) $ 7,477 $ (2,607) International Net sales $ 29,145 $ 27,720 $ 90,515 $ 83,544 Operating expenses 30,056 30,186 89,812 89,062 Operating income (loss) $ (911) $ (2,466) $ 703 $ (5,518) AWS Net sales $ 16,110 $ 20,538 $ 44,422 $ 58,718 Operating expenses 11,227 15,135 31,183 41,082 Operating income $ 4,883 $ 5,403 $ 13,239 $ 17,636 Consolidated Net sales $ 110,812 $ 127,101 $ 332,410 $ 364,779 Operating expenses 105,960 124,576 310,991 355,268 Operating income 4,852 2,525 21,419 9,511 Total non-operating income (expense) (537) 419 1,798 (14,485) Benefit (provision) for income taxes (1,155) (69) (4,179) 1,990 Equity-method investment activity, net of tax (4) (3) 3 (16) Net income (loss) $ 3,156 $ 2,872 $ 19,041 $ (3,000) Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Net Sales: Online stores (1) $ 49,942 $ 53,489 $ 156,000 $ 155,473 Physical stores (2) 4,269 4,694 12,387 14,006 Third-party seller services (3) 24,252 28,666 73,046 81,377 Subscription services (4) 8,148 8,903 23,645 26,029 Advertising services (5) 7,612 9,548 21,444 26,182 AWS 16,110 20,538 44,422 58,718 Other (6) 479 1,263 1,466 2,994 Consolidated $ 110,812 $ 127,101 $ 332,410 $ 364,779 ____________________________ (1) Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital product subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.” (2) Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.” (3) Includes commissions and any related fulfillment and shipping fees, and other third-party seller services. (4) Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services. (5) Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.

Accounting Policies and Suppl_2

Accounting Policies and Supplemental Disclosures (Policies)	9 Months Ended
Accounting Policies and Supplemental Disclosures (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2022 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2021 Annual Report on Form 10-K.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, and valuation and impairment of investments. Actual results could differ materially from these estimates.
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Inventories	Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $2.6 billion and $2.3 billion as of December 31, 2021 and September 30, 2022.
Accounts Receivable, Net and Other	Accounts Receivable, Net and Other Included in “Accounts receivable, net and other” on our consolidated balance sheets are amounts primarily related to customers, vendors, and sellers. As of December 31, 2021 and September 30, 2022, customer receivables, net, were $20.2 billion and $22.8 billion, vendor receivables, net, were $5.3 billion and $4.9 billion, and seller receivables, net, were $1.0 billion and $1.4 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.1 billion and $1.3 billion as of December 31, 2021 and September 30, 2022.
Digital Video and Music Content	Digital Video and Music Content The total capitalized costs of video, which is primarily released content, and music as of December 31, 2021 and September 30, 2022 were $10.7 billion and $16.3 billion. Total video and music expense was $3.3 billion and $4.2 billion in Q3 2021 and Q3 2022, and $9.4 billion and $11.4 billion for the nine months ended September 30, 2021 and 2022.
Unearned Revenue	Unearned Revenue Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2021 was $14.0 billion, of which $10.1 billion was recognized as revenue during the nine months ended September 30, 2022. Included in “Other long-term liabilities” on our consolidated balance sheets was $2.2 billion and $2.7 billion of unearned revenue as of December 31, 2021 and September 30, 2022. Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $104.3 billion as of September 30, 2022. The weighted-average remaining life of our long-term contracts is 3.8 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.

Accounting Policies and Suppl_3

Accounting Policies and Supplemental Disclosures (Tables)	9 Months Ended
Accounting Policies and Supplemental Disclosures (Tables)	Sep. 30, 2022
Accounting Policies [Abstract]
Supplemental Cash Flow Information	The following table shows supplemental cash flow information (in millions): Three Months Ended Nine Months Ended Twelve Months Ended 2021 2022 2021 2022 2021 2022 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on debt $ 276 $ 304 $ 731 $ 932 $ 933 $ 1,299 Cash paid for operating leases 1,812 1,813 5,029 6,268 6,230 7,961 Cash paid for interest on finance leases 121 88 407 290 535 404 Cash paid for interest on financing obligations 48 39 116 152 147 189 Cash paid for income taxes, net of refunds 750 742 3,354 4,340 3,774 4,674 Assets acquired under operating leases 10,447 6,755 19,561 14,031 23,908 19,839 Property and equipment acquired under finance leases, net of remeasurements and modifications 1,744 131 5,453 358 8,149 1,966 Property and equipment recognized during the construction period of build-to-suit lease arrangements 1,797 526 3,877 2,877 4,916 4,847 Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating 76 2,195 174 3,307 174 3,363
Calculation of Diluted Shares	The following table shows the calculation of diluted shares (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Shares used in computation of basic earnings per share 10,132 10,191 10,103 10,178 Total dilutive effect of outstanding stock awards 177 140 184 — Shares used in computation of diluted earnings per share 10,309 10,331 10,287 10,178
Other Income (Expense), Net	Other income (expense), net, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Marketable equity securities valuation gains (losses) $ (129) $ 1,039 $ (48) $ (11,528) Equity warrant valuation gains (losses) (50) (170) 1,194 (1,606) Upward adjustments relating to equity investments in private companies 155 11 1,661 76 Foreign currency gains (losses) (107) (103) (28) (206) Other, net (32) (18) 16 (92) Total other income (expense), net (163) 759 2,795 (13,356)
Summarized Financial Information of Equity Investment	Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions): Six Months Ended June 30, 2021 2022 Revenues $ — $ 459 Gross profit — (1,206) Loss from operations (990) (3,287) Net loss (994) (3,305)

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Fair Value by Major Security Type	The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions): December 31, 2021 September 30, 2022 Total Cost or Gross Gross Total Cash $ 10,942 $ 10,720 $ — $ — $ 10,720 Level 1 securities: Money market funds 20,312 16,697 — — 16,697 Equity securities (1)(3) 1,646 5,988 Level 2 securities: Foreign government and agency securities 181 141 — (2) 139 U.S. government and agency securities 4,300 2,301 — (169) 2,132 Corporate debt securities 35,764 20,229 — (799) 19,430 Asset-backed securities 6,738 3,578 — (191) 3,387 Other fixed income securities 686 403 — (22) 381 Equity securities (1)(3) 15,740 19 $ 96,309 $ 54,069 $ — $ (1,183) $ 58,893 Less: Restricted cash, cash equivalents, and marketable securities (2) (260) (231) Total cash, cash equivalents, and marketable securities $ 96,049 $ 58,662 ___________________ (1) The related unrealized gain (loss) recorded in “Other income (expense), net” was $(116) million and $1.0 billion in Q3 2021 and Q3 2022, and $6 million and $(11.3) billion for the nine months ended September 30, 2021 and 2022. (2) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable fixed income securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable fixed income securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
Investments Classified by Contractual Maturity Date	The following table summarizes the remaining contractual maturities of our cash equivalents and marketable fixed income securities as of September 30, 2022 (in millions): Amortized Estimated Due within one year $ 26,797 $ 26,738 Due after one year through five years 13,757 12,807 Due after five years through ten years 772 728 Due after ten years 2,023 1,893 Total $ 43,349 $ 42,166
Consolidated Statements of Cash Flow Reconciliation - Cash and Cash Equivalents	The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2021 September 30, 2022 Cash and cash equivalents $ 36,220 $ 34,947 Restricted cash included in accounts receivable, net and other 242 224 Restricted cash included in other assets 15 7 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 36,477 $ 35,178
Consolidated Statements of Cash Flow Reconciliation - Restricted Cash	The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2021 September 30, 2022 Cash and cash equivalents $ 36,220 $ 34,947 Restricted cash included in accounts receivable, net and other 242 224 Restricted cash included in other assets 15 7 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 36,477 $ 35,178

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2022
Leases [Abstract]
Lease Cost	Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Operating lease cost $ 1,911 $ 2,236 $ 5,129 $ 6,472 Finance lease cost: Amortization of lease assets 2,497 1,496 7,442 4,586 Interest on lease liabilities 114 85 365 280 Finance lease cost 2,611 1,581 7,807 4,866 Variable lease cost 372 462 1,135 1,402 Total lease cost $ 4,894 $ 4,279 $ 14,071 $ 12,740
Other Information about Lease Amounts Recognized	Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2021 September 30, 2022 Weighted-average remaining lease term – operating leases 11.3 years 11.4 years Weighted-average remaining lease term – finance leases 8.1 years 9.8 years Weighted-average discount rate – operating leases 2.2 % 2.6 % Weighted-average discount rate – finance leases 2.0 % 2.3 %
Lease Liabilities	Our lease liabilities were as follows (in millions): December 31, 2021 Operating Leases Finance Leases Total Gross lease liabilities $ 66,269 $ 25,866 $ 92,135 Less: imputed interest (7,939) (2,113) (10,052) Present value of lease liabilities 58,330 23,753 82,083 Less: current portion of lease liabilities (6,349) (8,083) (14,432) Total long-term lease liabilities $ 51,981 $ 15,670 $ 67,651 September 30, 2022 Operating Leases Finance Leases Total Gross lease liabilities $ 75,495 $ 18,838 $ 94,333 Less: imputed interest (10,712) (2,207) (12,919) Present value of lease liabilities 64,783 16,631 81,414 Less: current portion of lease liabilities (7,046) (5,036) (12,082) Total long-term lease liabilities $ 57,737 $ 11,595 $ 69,332

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Principal Contractual Commitments, Excluding Open Orders for Purchases	The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of September 30, 2022 (in millions): Three Months Ended December 31, Year Ended December 31, 2022 2023 2024 2025 2026 Thereafter Total Long-term debt principal and interest $ 1,886 $ 4,789 $ 8,993 $ 5,995 $ 4,563 $ 67,529 $ 93,755 Operating lease liabilities 2,664 8,380 7,918 7,327 6,747 42,459 75,495 Finance lease liabilities, including interest 1,616 4,523 2,137 1,345 1,188 8,029 18,838 Financing obligations, including interest (1) 115 462 462 456 463 7,177 9,135 Leases not yet commenced 213 1,562 2,158 2,126 2,153 19,497 27,709 Unconditional purchase obligations (2) 1,721 7,102 6,296 4,984 4,335 9,405 33,843 Other commitments (3)(4) 1,191 2,485 1,586 1,006 1,063 9,716 17,047 Total commitments $ 9,406 $ 29,303 $ 29,550 $ 23,239 $ 20,512 $ 163,812 $ 275,822 ___________________ (1) Includes non-cancellable financing obligations for fulfillment, sortation, and data center facilities. Excluding interest, current financing obligations of $196 million and $254 million are recorded within “Accrued expenses and other” and $6.2 billion and $6.7 billion are recorded within “Other long-term liabilities” as of December 31, 2021 and September 30, 2022. The weighted-average remaining term of the financing obligations was 18.8 years and 18.2 years and the weighted-average imputed interest rate was 3.2% as of December 31, 2021 and September 30, 2022. (2) Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. (3) Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. (4) Excludes approximately $3.4 billion of accrued tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt Obligations	Our total long-term debt obligations are as follows (in millions): Maturities (1) Stated Interest Rates Effective Interest Rates December 31, 2021 September 30, 2022 2012 Notes issuance of $3.0 billion 2022 2.50% 2.66% 1,250 1,250 2014 Notes issuance of $6.0 billion 2024 - 2044 3.80% - 4.95% 3.90% - 5.12% 4,000 4,000 2017 Notes issuance of $17.0 billion 2023 - 2057 2.40% - 5.20% 2.56% - 4.33% 16,000 16,000 2020 Notes issuance of $10.0 billion 2023 - 2060 0.40% - 2.70% 0.56% - 2.77% 10,000 10,000 2021 Notes issuance of $18.5 billion 2023 - 2061 0.25% - 3.25% 0.35% - 3.31% 18,500 18,500 2022 Notes Issuance of $12.8 billion 2024 - 2062 2.73% - 4.10% 2.83% - 4.15% — 12,750 Credit Facility 803 1,041 Total face value of long-term debt 50,553 63,541 Unamortized discount and issuance costs, net (318) (375) Less: current portion of long-term debt (1,491) (4,247) Long-term debt $ 48,744 $ 58,919 ___________________ (1) The weighted-average remaining lives of the 2012, 2014, 2017, 2020, 2021, and 2022 Notes were 0.2, 12.8, 14.5, 17.0, 13.6, and 13.5 years as of September 30, 2022. The combined weighted-average remaining life of the Notes was 14.0 years as of September 30, 2022.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2022
Equity [Abstract]
Stock-Based Compensation Expense	Stock-based compensation expense is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Cost of sales $ 126 $ 190 $ 361 $ 549 Fulfillment 473 727 1,381 1,988 Technology and content 1,627 3,036 4,742 7,495 Sales and marketing 657 1,128 1,804 2,783 General and administrative 297 475 789 1,200 Total stock-based compensation expense $ 3,180 $ 5,556 $ 9,077 $ 14,015
Restricted Stock Unit Activity	The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2022 (in millions): Number of Units Weighted-Average Outstanding as of December 31, 2021 279.9 $ 134 Units granted 224.1 150 Units vested (69.1) 109 Units forfeited (35.6) 143 Outstanding as of September 30, 2022 399.3 147
Scheduled Vesting for Outstanding Restricted Stock Units	Scheduled vesting for outstanding restricted stock units as of September 30, 2022, is as follows (in millions): Three Months Ended December 31, Year Ended December 31, 2022 2023 2024 2025 2026 Thereafter Total Scheduled vesting — restricted stock units 44.0 137.2 133.0 56.5 24.7 3.9 399.3
Changes in Stockholders' Equity	The following table shows changes in stockholders’ equity (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Total beginning stockholders’ equity $ 114,803 $ 131,402 $ 93,404 $ 138,245 Beginning common stock 106 107 105 106 Stock-based compensation and issuance of employee benefit plan stock — — 1 1 Ending common stock 106 107 106 107 Beginning treasury stock (1,837) (7,837) (1,837) (1,837) Common stock repurchased — — — (6,000) Ending treasury stock (1,837) (7,837) (1,837) (7,837) Beginning additional paid-in capital 48,623 63,871 42,765 55,437 Stock-based compensation and issuance of employee benefit plan stock 3,155 5,548 9,013 13,982 Ending additional paid-in capital 51,778 69,419 51,778 69,419 Beginning accumulated other comprehensive income (loss) (525) (4,782) (180) (1,376) Other comprehensive income (loss) (550) (2,333) (895) (5,739) Ending accumulated other comprehensive income (loss) (1,075) (7,115) (1,075) (7,115) Beginning retained earnings 68,436 80,043 52,551 85,915 Net income (loss) 3,156 2,872 19,041 (3,000) Ending retained earnings 71,592 82,915 71,592 82,915 Total ending stockholders’ equity $ 120,564 $ 137,489 $ 120,564 $ 137,489

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2022
Segment Reporting [Abstract]
Information on Reportable Segments and Reconciliation to Consolidated Net Income	Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 North America Net sales $ 65,557 $ 78,843 $ 197,473 $ 222,517 Operating expenses 64,677 79,255 189,996 225,124 Operating income (loss) $ 880 $ (412) $ 7,477 $ (2,607) International Net sales $ 29,145 $ 27,720 $ 90,515 $ 83,544 Operating expenses 30,056 30,186 89,812 89,062 Operating income (loss) $ (911) $ (2,466) $ 703 $ (5,518) AWS Net sales $ 16,110 $ 20,538 $ 44,422 $ 58,718 Operating expenses 11,227 15,135 31,183 41,082 Operating income $ 4,883 $ 5,403 $ 13,239 $ 17,636 Consolidated Net sales $ 110,812 $ 127,101 $ 332,410 $ 364,779 Operating expenses 105,960 124,576 310,991 355,268 Operating income 4,852 2,525 21,419 9,511 Total non-operating income (expense) (537) 419 1,798 (14,485) Benefit (provision) for income taxes (1,155) (69) (4,179) 1,990 Equity-method investment activity, net of tax (4) (3) 3 (16) Net income (loss) $ 3,156 $ 2,872 $ 19,041 $ (3,000)
Disaggregation of Revenue	Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2022 2021 2022 Net Sales: Online stores (1) $ 49,942 $ 53,489 $ 156,000 $ 155,473 Physical stores (2) 4,269 4,694 12,387 14,006 Third-party seller services (3) 24,252 28,666 73,046 81,377 Subscription services (4) 8,148 8,903 23,645 26,029 Advertising services (5) 7,612 9,548 21,444 26,182 AWS 16,110 20,538 44,422 58,718 Other (6) 479 1,263 1,466 2,994 Consolidated $ 110,812 $ 127,101 $ 332,410 $ 364,779 ____________________________ (1) Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital product subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.” (2) Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.” (3) Includes commissions and any related fulfillment and shipping fees, and other third-party seller services. (4) Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services. (5) Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.

Accounting Policies and Suppl_4

Accounting Policies and Supplemental Disclosures - Common Stock Split (Details)	May 27, 2022 $ / shares	Sep. 30, 2022 $ / shares	Dec. 31, 2021 $ / shares
Accounting Policies [Abstract]
Stock split ratio	20
Common stock, par value (in usd per share)	$ 0.01	$ 0.01	$ 0.01

Accounting Policies and Suppl_5

Accounting Policies and Supplemental Disclosures - Use of Estimates (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 01, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization		$ 10,204	$ 8,948	$ 28,776	$ 24,494	$ 38,578		$ 32,112
Net income (loss)		$ 2,872	$ 3,156	$ (3,000)	$ 19,041	$ 11,323		$ 26,263
Basic earnings (loss) per share (in usd per share)		$ 0.28	$ 0.31	$ (0.29)	$ 1.88
Diluted earnings (loss) per share (in usd per share)		$ 0.28	$ 0.31	$ (0.29)	$ 1.85
Change in useful lives of servers and networking equipment
Property, Plant and Equipment [Line Items]
Depreciation and amortization		$ (882)		$ (2,800)
Net income (loss)		$ 665		$ 2,200
Basic earnings (loss) per share (in usd per share)		$ 0.07		$ 0.21
Diluted earnings (loss) per share (in usd per share)		$ 0.06		$ 0.21
Servers
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets							4 years
Servers \| Change in useful lives of servers and networking equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Networking equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets							5 years
Networking equipment \| Change in useful lives of servers and networking equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	6 years

Accounting Policies and Suppl_6

Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounting Policies [Abstract]
Cash paid for interest on debt	$ 304	$ 276	$ 932	$ 731	$ 1,299	$ 933
Cash paid for operating leases	1,813	1,812	6,268	5,029	7,961	6,230
Cash paid for interest on finance leases	88	121	290	407	404	535
Cash paid for interest on financing obligations	39	48	152	116	189	147
Cash paid for income taxes, net of refunds	742	750	4,340	3,354	4,674	3,774
Assets acquired under operating leases	6,755	10,447	14,031	19,561	19,839	23,908
Property and equipment acquired under finance leases, net of remeasurements and modifications	131	1,744	358	5,453	1,966	8,149
Property and equipment recognized during the construction period of build-to-suit lease arrangements	526	1,797	2,877	3,877	4,847	4,916
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	$ 2,195	$ 76	$ 3,307	$ 174	$ 3,363	$ 174

Accounting Policies and Suppl_7

Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounting Policies [Abstract]
Shares used in computation of basic earnings per share (in shares)	10,191	10,132	10,178	10,103
Total dilutive effect of outstanding stock awards (in shares)	140	177	0	184
Shares used in computation of diluted earnings per share (in shares)	10,331	10,309	10,178	10,287

Accounting Policies and Suppl_8

Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	$ 1,039	$ (129)			$ (11,528)	$ (48)
Equity warrant valuation gains (losses)	(170)	(50)			(1,606)	1,194
Upward adjustments relating to equity investments in private companies	11	155			76	1,661
Foreign currency gains (losses)	(103)	(107)			(206)	(28)
Other, net	(18)	(32)			(92)	16
Total other income (expense), net	759	(163)			(13,356)	2,795
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	1,039	(129)			(11,528)	(48)
Loss from operations	2,525	4,852			9,511	21,419
Net loss	2,872	$ 3,156			(3,000)	$ 19,041	$ 11,323	$ 26,263
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	1,100				(10,400)
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	$ 1,100				$ (10,400)
Equity investment, shares held (in shares)	158				158		158
Equity investment, ownership percentage	17%				17%		17%
Equity investment, voting interest	16%				16%		16%
Revenues			$ 459	$ 0
Gross profit			(1,206)	0
Loss from operations			(3,287)	(990)
Net loss			$ (3,305)	$ (994)

Accounting Policies and Suppl_9

Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Inventory valuation allowance	$ 2.3	$ 2.6

Accounting Policies and Supp_10

Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 36,154	$ 32,891
Allowance for doubtful accounts	1,300	1,100
Customer receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	22,800	20,200
Vendor receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	4,900	5,300
Seller receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 1,400	$ 1,000

Accounting Policies and Supp_11

Accounting Policies and Supplemental Disclosures - Video and Music Content (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Digital video and music content, capitalized costs	$ 16.3		$ 16.3		$ 10.7
Digital video and music content, expense	$ 4.2	$ 3.3	$ 11.4	$ 9.4

Accounting Policies and Supp_12

Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($) $ in Billions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Unearned revenue		$ 14
Unearned revenue, revenue recognized	$ 10.1
Unearned revenue, long-term	2.7	$ 2.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Accounting Policies [Abstract]
Remaining performance obligation, contracts exceeding one year	$ 104.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, weighted average remaining life	3 years 9 months 18 days

Accounting Policies and Supp_13

Accounting Policies and Supplemental Disclosures - Acquisition Activity (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 17, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Cash consideration		$ 885	$ 654	$ 7,485	$ 1,604	$ 7,866	$ 1,985
Goodwill		$ 20,168		$ 20,168		$ 20,168		$ 15,371
MGM Holdings Inc.
Business Acquisition [Line Items]
Cash consideration	$ 6,100
Debt assumed	2,500
Video content acquired	3,400
Goodwill	$ 4,900

Financial Instruments - Fair Va

Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Equity Securities, FV-NI, Gain (Loss)
Equity securities, unrealized gain (loss)	$ 1,000	$ (116)	$ (11,300)	$ 6
Rivian
Equity Securities, FV-NI, Gain (Loss)
Equity investment, fair value	5,200		5,200		$ 15,600
Equity investment, discount due to lack of marketability					800
Recurring
Schedule of Investments [Line Items]
Cash	10,720		10,720		10,942
Debt Securities, Available-for-sale
Gross unrealized gains	0		0
Gross unrealized losses	(1,183)		(1,183)
Cash, Cash Equivalents, and Marketable Securities
Cash, cash equivalents and marketable securities	58,893		58,893		96,309
Cash, cash equivalents and marketable securities, amortized cost	54,069		54,069
Less: Restricted cash, cash equivalents, and marketable securities	(231)		(231)		(260)
Total cash, cash equivalents, and marketable securities	58,662		58,662		96,049
Recurring \| Level 1 securities
Schedule of Investments [Line Items]
Equity securities	5,988		5,988		1,646
Recurring \| Level 1 securities \| Money market funds
Schedule of Investments [Line Items]
Money market funds	16,697		16,697		20,312
Recurring \| Level 1 securities \| Money market funds \| Money market funds
Schedule of Investments [Line Items]
Money market funds	16,697		16,697
Recurring \| Level 2 securities
Schedule of Investments [Line Items]
Equity securities	19		19		15,740
Recurring \| Level 2 securities \| Foreign government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	141		141
Gross unrealized gains	0		0
Gross unrealized losses	(2)		(2)
Fixed income securities	139		139		181
Recurring \| Level 2 securities \| U.S. government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	2,301		2,301
Gross unrealized gains	0		0
Gross unrealized losses	(169)		(169)
Fixed income securities	2,132		2,132		4,300
Recurring \| Level 2 securities \| Corporate debt securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	20,229		20,229
Gross unrealized gains	0		0
Gross unrealized losses	(799)		(799)
Fixed income securities	19,430		19,430		35,764
Recurring \| Level 2 securities \| Asset-backed securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	3,578		3,578
Gross unrealized gains	0		0
Gross unrealized losses	(191)		(191)
Fixed income securities	3,387		3,387		6,738
Recurring \| Level 2 securities \| Other fixed income securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	403		403
Gross unrealized gains	0		0
Gross unrealized losses	(22)		(22)
Fixed income securities	$ 381		$ 381		$ 686

Financial Instruments - Contrac

Financial Instruments - Contractual Maturities (Details) $ in Millions	Sep. 30, 2022 USD ($)
Amortized Cost
Due within one year	$ 26,797
Due after one year through five years	13,757
Due after five years through ten years	772
Due after ten years	2,023
Amortized cost	43,349
Estimated Fair Value
Due within one year	26,738
Due after one year through five years	12,807
Due after five years through ten years	728
Due after ten years	1,893
Estimated fair value	$ 42,166

Financial Instruments - Equity

Financial Instruments - Equity Warrants and Non-Marketable Equity Investments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Equity investments without readily determinable fair values	$ 831	$ 603
Warrant \| Level 2 assets
Derivative [Line Items]
Fair value of warrant assets	$ 2,500	$ 3,400

Financial Instruments - Consoli

Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Cash and cash equivalents	$ 34,947		$ 36,220
Restricted cash included in accounts receivable, net and other	224		242
Restricted cash included in other assets	7		15
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 35,178	$ 37,700	$ 36,477	$ 30,177	$ 40,667	$ 42,377	$ 30,202

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Gross assets acquired under finance leases, location	Property and equipment, net	Property and equipment, net
Gross assets acquired under finance leases	$ 66.6	$ 72.2
Accumulated amortization associated with finance leases	$ 43.4	$ 43.4

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease cost	$ 2,236	$ 1,911	$ 6,472	$ 5,129
Finance lease cost:
Amortization of lease assets	1,496	2,497	4,586	7,442
Interest on lease liabilities	85	114	280	365
Finance lease cost	1,581	2,611	4,866	7,807
Variable lease cost	462	372	1,402	1,135
Total lease cost	$ 4,279	$ 4,894	$ 12,740	$ 14,071

Leases - Other Operating and Fi

Leases - Other Operating and Finance Lease Information (Details)	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term – operating leases	11 years 4 months 24 days	11 years 3 months 18 days
Weighted-average remaining lease term – finance leases	9 years 9 months 18 days	8 years 1 month 6 days
Weighted-average discount rate – operating leases	2.60%	2.20%
Weighted-average discount rate – finance leases	2.30%	2%

Leases - Operating and Finance

Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Total operating lease liabilities	$ 75,495	$ 66,269
Total finance lease liabilities	18,838	25,866
Gross lease liabilities	94,333	92,135
Imputed interest - operating leases	(10,712)	(7,939)
Imputed interest - finance leases	(2,207)	(2,113)
Imputed interest	(12,919)	(10,052)
Present value of operating leases	64,783	58,330
Present value of finance leases	16,631	23,753
Present value of lease liabilities	$ 81,414	$ 82,083
Operating lease liability, current, location	Accrued expenses and other	Accrued expenses and other
Finance lease liability, current location	Accrued expenses and other	Accrued expenses and other
Current portion of operating lease liabilities	$ (7,046)	$ (6,349)
Current portion of finance lease liabilities	(5,036)	(8,083)
Current portion of lease liabilities	$ (12,082)	$ (14,432)
Operating lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Finance lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Total long-term operating lease liabilities	$ 57,737	$ 51,981
Total long-term finance lease liabilities	11,595	15,670
Total long-term lease liabilities	$ 69,332	$ 67,651

Commitments and Contingencies -

Commitments and Contingencies - Commitments (Details) € in Millions, $ in Millions			1 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 31, 2022 USD ($)	Jul. 31, 2022 USD ($)	Dec. 31, 2021 EUR (€)
Long-term debt principal and interest
2022	$ 1,886
2023	4,789
2024	8,993
2025	5,995
2026	4,563
Thereafter	67,529
Total	93,755
Operating lease liabilities
2022	2,664
2023	8,380
2024	7,918
2025	7,327
2026	6,747
Thereafter	42,459
Total operating lease liabilities	75,495	$ 66,269
Finance lease liabilities, including interest
2022	1,616
2023	4,523
2024	2,137
2025	1,345
2026	1,188
Thereafter	8,029
Total finance lease liabilities	18,838	25,866
Financing obligations, including interest
2022	115
2023	462
2024	462
2025	456
2026	463
Thereafter	7,177
Total	9,135
Leases not yet commenced
2022	213
2023	1,562
2024	2,158
2025	2,126
2026	2,153
Thereafter	19,497
Total	27,709
Unconditional purchase obligations
2022	1,721
2023	7,102
2024	6,296
2025	4,984
2026	4,335
Thereafter	9,405
Total	33,843
Other commitments
2022	1,191
2023	2,485
2024	1,586
2025	1,006
2026	1,063
Thereafter	9,716
Total	17,047
Total commitments
2022	9,406
2023	29,303
2024	29,550
2025	23,239
2026	20,512
Thereafter	163,812
Total	275,822
Financing obligations, current	254	196
Financing obligations, noncurrent	$ 6,700	$ 6,200
Financing obligations, weighted-average remaining term	18 years 2 months 12 days	18 years 9 months 18 days
Financing obligations, weighted-average imputed interest rate	3.20%	3.20%
Accrued tax contingencies	$ 3,400	$ 3,200
Italian Competition Authority Matter
Loss Contingencies [Line Items]
Fine imposed \| €					€ 1,130
1Life Healthcare
Business Acquisition [Line Items]
Acquisition price				$ 3,900
iRobot Corporation
Business Acquisition [Line Items]
Acquisition price			$ 1,700

Commitments and Contingencies_2

Commitments and Contingencies - Legal Proceedings (Details) - BroadbandiTV $ in Millions	Apr. 30, 2022 USD ($)
Minimum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 166
Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 986

Debt - Additional Information (

Debt - Additional Information (Details)	9 Months Ended
Debt - Additional Information (Details)	Sep. 30, 2022 USD ($) extension	Jul. 31, 2022 USD ($)	Apr. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 EUR (€)	Feb. 28, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Total face value of long-term debt	$ 63,541,000,000						$ 50,553,000,000
Short-term credit facilities, borrowings outstanding	$ 1,100,000,000						318,000,000
Commercial Paper
Debt Instrument [Line Items]
Commercial paper, maximum borrowing capacity				$ 20,000,000,000	€ 3,000,000,000	$ 10,000,000,000
Commercial paper, term (will not exceed)	397 days
Commercial paper	$ 11,700,000,000						$ 725,000,000
Commercial paper, weighted average effective interest rate	2.54%						0.08%
Senior Notes
Debt Instrument [Line Items]
Total face value of long-term debt	$ 62,500,000,000
Estimated fair value of notes	53,700,000,000						$ 53,300,000,000
Issuance amount			$ 12,800,000,000
Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Total face value of long-term debt	1,041,000,000						803,000,000
Credit Facility \| Revolving Credit Facility \| October 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity	$ 1,500,000,000	$ 1,000,000,000
Commitment fee percentage	0.45%
Borrowings outstanding	$ 1,000,000,000						$ 803,000,000
Weighted average interest rate	2.70%						2.70%
Collateral amount	$ 1,200,000,000						$ 918,000,000
Credit Facility \| Revolving Credit Facility \| October 2016 Revolving Credit Facility \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.25%
Credit Facility \| Revolving Credit Facility \| April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity				$ 10,000,000,000		$ 7,000,000,000
Commitment fee percentage	0.03%
Borrowings outstanding	$ 0						$ 0
Number of term extensions \| extension	3
Additional term	1 year
Credit Facility \| Revolving Credit Facility \| April 2018 Revolving Credit Facility \| Applicable benchmark rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.45%
Credit Facility \| Letter of Credit \| April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Unused letters of credit	$ 10,000,000,000

Debt - Long-Term Debt Obligatio

Debt - Long-Term Debt Obligations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Apr. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Face value of long-term debt	$ 63,541		$ 50,553
Less: current portion of long-term debt	(4,247)		(1,491)
Long-term debt	58,919		48,744
Senior Notes
Debt Instrument [Line Items]
Issuance amount		$ 12,800
Face value of long-term debt	62,500
Unamortized discount and issuance costs, net	$ (375)		(318)
Weighted average remaining lives term	14 years
Senior Notes \| 2012 Notes issuance of $3.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 3,000
Stated Interest Rates	2.50%
Effective Interest Rates	2.66%
Face value of long-term debt	$ 1,250		1,250
Weighted average remaining lives term	2 months 12 days
Senior Notes \| 2014 Notes issuance of $6.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 6,000
Face value of long-term debt	$ 4,000		4,000
Weighted average remaining lives term	12 years 9 months 18 days
Senior Notes \| 2014 Notes issuance of $6.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	3.80%
Effective Interest Rates	3.90%
Senior Notes \| 2014 Notes issuance of $6.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.95%
Effective Interest Rates	5.12%
Senior Notes \| 2017 Notes issuance of $17.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 17,000
Face value of long-term debt	$ 16,000		16,000
Weighted average remaining lives term	14 years 6 months
Senior Notes \| 2017 Notes issuance of $17.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	2.40%
Effective Interest Rates	2.56%
Senior Notes \| 2017 Notes issuance of $17.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	5.20%
Effective Interest Rates	4.33%
Senior Notes \| 2020 Notes issuance of $10.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 10,000
Face value of long-term debt	$ 10,000		10,000
Weighted average remaining lives term	17 years
Senior Notes \| 2020 Notes issuance of $10.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	0.40%
Effective Interest Rates	0.56%
Senior Notes \| 2020 Notes issuance of $10.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	2.70%
Effective Interest Rates	2.77%
Senior Notes \| 2021 Notes issuance of $18.5 billion
Debt Instrument [Line Items]
Issuance amount	$ 18,500
Face value of long-term debt	$ 18,500		18,500
Weighted average remaining lives term	13 years 7 months 6 days
Senior Notes \| 2021 Notes issuance of $18.5 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	0.25%
Effective Interest Rates	0.35%
Senior Notes \| 2021 Notes issuance of $18.5 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	3.25%
Effective Interest Rates	3.31%
Senior Notes \| 2022 Notes Issuance of $12.8 billion
Debt Instrument [Line Items]
Issuance amount	$ 12,800
Face value of long-term debt	$ 12,750		0
Weighted average remaining lives term	13 years 6 months
Senior Notes \| 2022 Notes Issuance of $12.8 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	2.73%
Effective Interest Rates	2.83%
Senior Notes \| 2022 Notes Issuance of $12.8 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.10%
Effective Interest Rates	4.15%
Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Face value of long-term debt	$ 1,041		$ 803

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) shares in Millions	9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Feb. 29, 2016
Class of Stock [Line Items]
Stock repurchases (in shares)	46.2
Stock repurchases	$ 6,000,000,000
Stock repurchase, remaining authorized amount	$ 6,100,000,000
Common shares outstanding plus underlying outstanding stock awards (in shares)	10,600		10,500
Net unrecognized compensation cost related to unvested stock-based compensation arrangements	$ 26,900,000,000
Compensation expense expected to be expensed in next twelve months expected to exceed, percentage	50%
Net unrecognized compensation cost related to unvested stock-based compensation arrangements, weighted average recognition period (in years)	1 year 1 month 6 days
Estimated forfeiture rate	26%		27%
February 2016 Program
Class of Stock [Line Items]
Stock repurchase, authorized amount				$ 5,000,000,000
March 2022 Program
Class of Stock [Line Items]
Stock repurchase, authorized amount		$ 10,000,000,000

Stockholders' Equity - Stock-ba

Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 5,556	$ 3,180	$ 14,015	$ 9,077
Cost of sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	190	126	549	361
Fulfillment
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	727	473	1,988	1,381
Technology and content
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	3,036	1,627	7,495	4,742
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,128	657	2,783	1,804
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 475	$ 297	$ 1,200	$ 789

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units shares in Millions	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Number of Units
Beginning balance (in shares) \| shares	279.9
Units granted (in shares) \| shares	224.1
Units vested (in shares) \| shares	(69.1)
Units forfeited (in shares) \| shares	(35.6)
Ending balance (in shares) \| shares	399.3
Weighted-Average Grant-Date Fair Value
Beginning balance (in usd per share) \| $ / shares	$ 134
Units granted (in usd per share) \| $ / shares	150
Units vested (in usd per share) \| $ / shares	109
Units forfeited (in usd per share) \| $ / shares	143
Ending balance (in usd per share) \| $ / shares	$ 147

Stockholders' Equity - Schedule

Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares shares in Millions	Sep. 30, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2022 (in shares)	44
2023 (in shares)	137.2
2024 (in shares)	133
2025 (in shares)	56.5
2026 (in shares)	24.7
Thereafter (in shares)	3.9
Total (in shares)	399.3	279.9

Stockholders' Equity - Changes

Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in Stockholders' Equity
Beginning balance	$ 131,402	$ 114,803	$ 138,245	$ 93,404	$ 138,245	$ 93,404	$ 120,564
Common stock repurchased					(6,000)
Other comprehensive income (loss)	(2,333)	(550)			(5,739)	(895)
Net income (loss)	2,872	3,156			(3,000)	19,041	11,323	$ 26,263
Ending balance	137,489	120,564	131,402	114,803	137,489	120,564	137,489	120,564
Common stock
Changes in Stockholders' Equity
Beginning balance	107	106	106	105	106	105	106
Stock-based compensation and issuance of employee benefit plan stock	0	0			1	1
Ending balance	107	106	107	106	107	106	107	106
Treasury stock
Changes in Stockholders' Equity
Beginning balance	(7,837)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)
Common stock repurchased	0	0			(6,000)	0
Ending balance	(7,837)	(1,837)	(7,837)	(1,837)	(7,837)	(1,837)	(7,837)	(1,837)
Additional paid-in capital
Changes in Stockholders' Equity
Beginning balance	63,871	48,623	55,437	42,765	55,437	42,765	51,778
Stock-based compensation and issuance of employee benefit plan stock	5,548	3,155			13,982	9,013
Ending balance	69,419	51,778	63,871	48,623	69,419	51,778	69,419	51,778
Accumulated other comprehensive income (loss)
Changes in Stockholders' Equity
Beginning balance	(4,782)	(525)	(1,376)	(180)	(1,376)	(180)	(1,075)
Other comprehensive income (loss)	(2,333)	(550)			(5,739)	(895)
Ending balance	(7,115)	(1,075)	(4,782)	(525)	(7,115)	(1,075)	(7,115)	(1,075)
Retained earnings
Changes in Stockholders' Equity
Beginning balance	80,043	68,436	85,915	52,551	85,915	52,551	71,592
Net income (loss)	2,872	3,156			(3,000)	19,041
Ending balance	$ 82,915	$ 71,592	$ 80,043	$ 68,436	$ 82,915	$ 71,592	$ 82,915	$ 71,592

Income Taxes (Details)

Income Taxes (Details) € in Millions, $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Details) € in Millions, $ in Millions	Oct. 04, 2017 EUR (€)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes		$ 69	$ 1,155	$ (1,990)	$ 4,179
Discrete tax benefits				3,300	1,700
Cash paid for income taxes, net of refunds		742	$ 750	4,340	$ 3,354	$ 4,674	$ 3,774
Tax contingencies		$ 3,400		$ 3,400		$ 3,400		$ 3,200
Luxembourg Tax Administration \| Foreign Tax Authority
Income Tax Examination [Line Items]
Tax examination, estimate of additional tax expense \| €	€ 250

Segment Information - Reportabl

Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment			3
Segment Reporting Disclosure [Line Items]
Net sales	$ 127,101	$ 110,812	$ 364,779	$ 332,410
Operating expenses	124,576	105,960	355,268	310,991
Operating income	2,525	4,852	9,511	21,419
Total non-operating income (expense)	419	(537)	(14,485)	1,798
Benefit (provision) for income taxes	(69)	(1,155)	1,990	(4,179)
Equity-method investment activity, net of tax	(3)	(4)	(16)	3
Net income (loss)	2,872	3,156	(3,000)	19,041	$ 11,323	$ 26,263
North America
Segment Reporting Disclosure [Line Items]
Net sales	78,843	65,557	222,517	197,473
Operating expenses	79,255	64,677	225,124	189,996
Operating income	(412)	880	(2,607)	7,477
International
Segment Reporting Disclosure [Line Items]
Net sales	27,720	29,145	83,544	90,515
Operating expenses	30,186	30,056	89,062	89,812
Operating income	(2,466)	(911)	(5,518)	703
AWS
Segment Reporting Disclosure [Line Items]
Net sales	20,538	16,110	58,718	44,422
Operating expenses	15,135	11,227	41,082	31,183
Operating income	$ 5,403	$ 4,883	$ 17,636	$ 13,239

Segment Information - Disaggreg

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total net sales	$ 127,101	$ 110,812	$ 364,779	$ 332,410
Online stores
Disaggregation of Revenue [Line Items]
Total net sales	53,489	49,942	155,473	156,000
Physical stores
Disaggregation of Revenue [Line Items]
Total net sales	4,694	4,269	14,006	12,387
Third-party seller services
Disaggregation of Revenue [Line Items]
Total net sales	28,666	24,252	81,377	73,046
Subscription services
Disaggregation of Revenue [Line Items]
Total net sales	8,903	8,148	26,029	23,645
Advertising services
Disaggregation of Revenue [Line Items]
Total net sales	9,548	7,612	26,182	21,444
AWS
Disaggregation of Revenue [Line Items]
Total net sales	20,538	16,110	58,718	44,422
Other
Disaggregation of Revenue [Line Items]
Total net sales	$ 1,263	$ 479	$ 2,994	$ 1,466