Warner Bros. Discovery (WBD) 10-Q4 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2022	Jul. 21, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-34177
Entity Registrant Name	Warner Bros. Discovery, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2333914
Entity Address, Address Line One	230 Park Avenue South
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	212
Local Phone Number	548-5555
Title of 12(b) Security	Series A Common Stock
Trading Symbol	WBD
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 (in shares)		2,427,592,861
Entity Central Index Key	0001437107
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Revenues	$ 9,827	$ 3,062	$ 12,986	$ 5,854
Costs and expenses:
Costs of revenues, excluding depreciation and amortization	6,625	1,055	7,861	2,024
Selling, general and administrative	3,538	952	4,578	2,003
Depreciation and amortization	2,266	341	2,791	702
Restructuring and other charges	1,033	7	1,038	22
Loss (gain) on disposition	4	(72)	4	(72)
Total costs and expenses	13,466	2,283	16,272	4,679
Operating (loss) income	(3,639)	779	(3,286)	1,175
Interest expense, net	(511)	(157)	(664)	(320)
Loss from equity investees, net	(43)	(7)	(57)	(11)
Other (expense) income, net	(51)	105	439	173
(Loss) income before income taxes	(4,244)	720	(3,568)	1,017
Income tax benefit (expense)	836	(2)	635	(108)
Net (loss) income	(3,408)	718	(2,933)	909
Net income attributable to noncontrolling interests	(7)	(38)	(23)	(84)
Net income attributable to redeemable noncontrolling interests	(3)	(8)	(6)	(13)
Net (loss) income available to Warner Bros. Discovery, Inc.	$ (3,418)	$ 672	$ (2,962)	$ 812
Net (loss) income per share allocated to Warner Bros. Discovery, Inc. Series A common stockholders:
Basic (in dollars per share)	$ (1.50)	$ 1.02	$ (2.09)	$ 1.23
Diluted (in dollars per share)	$ (1.50)	$ 1.01	$ (2.09)	$ 1.22
Weighted average shares outstanding:
Basic (in shares)	2,286	589	1,443	587
Diluted (in shares)	2,286	664	1,443	666
Advertising
Revenues:
Revenues	$ 2,721	$ 1,634	$ 4,197	$ 3,043
Distribution
Revenues:
Revenues	4,838	1,312	6,190	2,570
Content
Revenues:
Revenues	2,064	100	2,387	212
Other
Revenues:
Revenues	$ 204	$ 16	$ 212	$ 29

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (3,408)	$ 718	$ (2,933)	$ 909
Other comprehensive (loss) income adjustments, net of tax:
Currency translation	(488)	108	(587)	(59)
Derivatives	(18)	(112)	(36)	125
Comprehensive (loss) income	(3,914)	714	(3,556)	975
Comprehensive income attributable to noncontrolling interests	(7)	(38)	(23)	(84)
Comprehensive income attributable to redeemable noncontrolling interests	(3)	(8)	(6)	(13)
Comprehensive (loss) income attributable to Warner Bros. Discovery, Inc.	$ (3,924)	$ 668	$ (3,585)	$ 878

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,575	$ 3,905
Receivables, net	7,049	2,446
Prepaid expenses and other current assets	5,825	913
Total current assets	15,449	7,264
Film and television content rights and games, net	30,120	3,832
Property and equipment, net	5,597	1,336
Goodwill	34,273	12,912
Intangible assets, net	48,724	6,317
Other noncurrent assets	8,077	2,766
Total assets	142,240	34,427
Current liabilities:
Accounts payable	1,397	412
Accrued liabilities	10,279	2,230
Deferred revenues	1,663	478
Current portion of debt	1,097	339
Total current liabilities	14,436	3,459
Noncurrent portion of debt	51,388	14,420
Deferred income taxes	13,666	1,225
Other noncurrent liabilities	9,803	1,927
Total liabilities	89,293	21,031
Commitments and contingencies (See Note 19)
Redeemable noncontrolling interests	328	363
Warner Bros. Discovery, Inc. stockholders’ equity:
Preferred stock: $0.01 par value; 1,200 and 0 shares authorized, 0 shares issued and outstanding	0
Additional paid-in capital	54,439	11,086
Treasury stock, at cost: 230 and 230 shares	(8,244)	(8,244)
Retained earnings	6,614	9,580
Accumulated other comprehensive loss	(1,453)	(830)
Total Warner Bros. Discovery, Inc. stockholders' equity	51,383	11,599
Noncontrolling interests	1,236	1,434
Total equity	52,619	13,033
Total liabilities and equity	142,240	34,427
Series A-1 Convertible Preferred Stock
Warner Bros. Discovery, Inc. stockholders’ equity:
Discovery Series A-1 convertible preferred stock: $0.01 par value; 0 and 8 shares authorized, issued and outstanding		0
Series C-1 Convertible Preferred Stock
Warner Bros. Discovery, Inc. stockholders’ equity:
Discovery Series A-1 convertible preferred stock: $0.01 par value; 0 and 8 shares authorized, issued and outstanding		0
Series A Common Stock
Warner Bros. Discovery, Inc. stockholders’ equity:
Discovery Series A common stock: $0.01 par value; 0 and 1,700 shares authorized; 0 and 170 shares issued; and 0 and 169 shares outstanding	$ 27	2
Series B Common Stock
Warner Bros. Discovery, Inc. stockholders’ equity:
Discovery Series A common stock: $0.01 par value; 0 and 1,700 shares authorized; 0 and 170 shares issued; and 0 and 169 shares outstanding		0
Series C Common Stock
Warner Bros. Discovery, Inc. stockholders’ equity:
Discovery Series A common stock: $0.01 par value; 0 and 1,700 shares authorized; 0 and 170 shares issued; and 0 and 169 shares outstanding		$ 5

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock authorized (in shares)	1,200
Preferred stock issued (in shares)	0
Preferred stock outstanding (in shares)	0
Treasury stock (in shares)	230	230
Series A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	10,800	1,700
Common stock issued (in shares)	2,658	170
Common stock outstanding (in shares)	2,428	169
Series A-1 Convertible Preferred Stock
Preferred stock, par value (in dollars per share)		$ 0.01
Preferred stock authorized (in shares)		8
Preferred stock issued (in shares)		8
Preferred stock outstanding (in shares)		8
Series C-1 Convertible Preferred Stock
Common stock authorized (in shares)		6
Common stock issued (in shares)		4
Common stock outstanding (in shares)		4
Preferred stock, par value (in dollars per share)		$ 0.01
Series B Common Stock
Common stock, par value (in dollars per share)		$ 0.01
Common stock authorized (in shares)		100
Common stock issued (in shares)		7
Common stock outstanding (in shares)		7
Series C Common Stock
Common stock authorized (in shares)		2,000
Common stock issued (in shares)		559
Common stock outstanding (in shares)		330

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net (loss) income	$ (2,933)	$ 909
Adjustments to reconcile net income to cash provided by operating activities:
Content rights amortization and impairment	6,591	1,516
Depreciation and amortization	2,791	702
Deferred income taxes	(915)	(242)
Preferred stock conversion premium	789	0
Share-based compensation expense	210	95
Gain on disposition	4	(72)
Equity in losses of equity method investee companies and cash distributions	91	38
Gain on sale of investments	(132)	(20)
Gain from derivative instruments, net	(496)	0
Other, net	60	(100)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables, net	(444)	(141)
Film and television content rights, games and payables, net	(4,653)	(1,701)
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities	8	41
Foreign currency, prepaid expenses and other assets, net	363	78
Cash provided by operating activities	1,334	1,103
Investing Activities
Purchases of property and equipment	(307)	(167)
Cash acquired from business acquisition	2,419	0
Proceeds from sales and maturities of investments	139	348
Investments in and advances to equity investments	(109)	(105)
Proceeds from derivative instruments, net	720	0
Other investing activities, net	18	120
Cash provided by investing activities	2,880	196
Financing Activities
Principal repayments of term loans	(3,500)	0
Principal repayments of debt, including premiums to par value	(327)	(339)
Distributions to noncontrolling interests and redeemable noncontrolling interests	(264)	(213)
Purchase of redeemable noncontrolling interests	0	(31)
Borrowings under commercial paper program	90	0
Repayments under commercial paper program	(90)	0
Other financing activities, net	(66)	45
Cash used in financing activities	(4,157)	(538)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(66)	(49)
Net change in cash, cash equivalents, and restricted cash	(9)	712
Cash, cash equivalents, and restricted cash, beginning of period	3,905	2,122
Cash, cash equivalents, and restricted cash, end of period	$ 3,896	$ 2,834

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Warner Bros. Discovery, Inc. Stockholders’ Equity	Discovery, Inc. Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2020			13	717
Beginning balance at Dec. 31, 2020	$ 12,000	$ 10,464	$ 0	$ 7	$ 10,809	$ (8,244)	$ 8,543	$ (651)	$ 1,536
Increase (Decrease) in Stockholders' Equity
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	186	140					140		46
Other comprehensive loss	70	70						70
Share-based compensation	32	32			32
Tax settlements associated with share-based plans	(68)	(68)			(68)
Preferred stock conversion (in shares)			(1)	11
Dividends paid to noncontrolling interests	(178)								(178)
Issuance of stock in connection with share-based plans (in shares)				8
Issuance of stock in connection with share-based plans	186	186			186
Redeemable noncontrolling interest adjustment to redemptions value	(9)	(9)			(8)		(1)
Ending balance (in shares) at Mar. 31, 2021			12	736
Ending balance at Mar. 31, 2021	12,219	10,815	$ 0	$ 7	10,951	(8,244)	8,682	(581)	1,404
Beginning balance (in shares) at Dec. 31, 2020			13	717
Beginning balance at Dec. 31, 2020	12,000	10,464	$ 0	$ 7	10,809	(8,244)	8,543	(651)	1,536
Increase (Decrease) in Stockholders' Equity
Other comprehensive loss								66
Ending balance (in shares) at Jun. 30, 2021			12	736
Ending balance at Jun. 30, 2021	12,951	11,538	$ 0	$ 7	11,000	(8,244)	9,360	(585)	1,413
Beginning balance (in shares) at Mar. 31, 2021			12	736
Beginning balance at Mar. 31, 2021	12,219	10,815	$ 0	$ 7	10,951	(8,244)	8,682	(581)	1,404
Increase (Decrease) in Stockholders' Equity
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	710	672					672		38
Other comprehensive loss	(4)	(4)						(4)
Share-based compensation	41	41			41
Tax settlements associated with share-based plans	(1)	(1)			(1)
Dividends paid to noncontrolling interests	(29)								(29)
Issuance of stock in connection with share-based plans	9	9			9
Redeemable noncontrolling interest adjustment to redemptions value	6	6					6
Ending balance (in shares) at Jun. 30, 2021			12	736
Ending balance at Jun. 30, 2021	12,951	11,538	$ 0	$ 7	11,000	(8,244)	9,360	(585)	1,413
Beginning balance (in shares) at Dec. 31, 2021			12	736
Beginning balance at Dec. 31, 2021	13,033	11,599	$ 0	$ 7	11,086	(8,244)	9,580	(830)	1,434
Increase (Decrease) in Stockholders' Equity
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	472	456					456		16
Other comprehensive loss	(117)	(117)						(117)
Share-based compensation	53	53			53
Tax settlements associated with share-based plans	(38)	(38)			(38)
Dividends paid to noncontrolling interests	(192)								(192)
Issuance of stock in connection with share-based plans (in shares)				3
Issuance of stock in connection with share-based plans	19	19			19
Redeemable noncontrolling interest adjustment to redemptions value	(3)	(3)					(3)
Ending balance (in shares) at Mar. 31, 2022			12	739
Ending balance at Mar. 31, 2022	13,227	11,969	$ 0	$ 7	11,120	(8,244)	10,033	(947)	1,258
Beginning balance (in shares) at Dec. 31, 2021			12	736
Beginning balance at Dec. 31, 2021	13,033	11,599	$ 0	$ 7	11,086	(8,244)	9,580	(830)	1,434
Increase (Decrease) in Stockholders' Equity
Other comprehensive loss								(623)
Ending balance (in shares) at Jun. 30, 2022				2,658
Ending balance at Jun. 30, 2022	52,619	51,383		$ 27	54,439	(8,244)	6,614	(1,453)	1,236
Beginning balance (in shares) at Mar. 31, 2022			12	739
Beginning balance at Mar. 31, 2022	13,227	11,969	$ 0	$ 7	11,120	(8,244)	10,033	(947)	1,258
Increase (Decrease) in Stockholders' Equity
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	(3,411)	(3,418)					(3,418)		7
Other comprehensive loss	(506)	(506)						(506)
Share-based compensation	143	143			143
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business (in shares)			(12)	(739)
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business	43,195	43,193		$ (7)	43,173				2
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business (in shares)				2,658
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business				$ 27
Dividends paid to noncontrolling interests	(31)								(31)
Issuance of stock in connection with share-based plans	3	3			3
Redeemable noncontrolling interest adjustment to redemptions value	(1)	(1)					(1)
Ending balance (in shares) at Jun. 30, 2022				2,658
Ending balance at Jun. 30, 2022	$ 52,619	$ 51,383		$ 27	$ 54,439	$ (8,244)	$ 6,614	$ (1,453)	$ 1,236

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 2022
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business Warner Bros. Discovery, Inc. (“Warner Bros. Discovery”, “WBD”, the “Company”, “we”, “us” or “our”) is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, discovery+, CNN, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, Warner Bros. Television, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. Merger with the WarnerMedia Business of AT&T On April 8, 2022 (the “Closing Date”), Discovery, Inc. (“Discovery”) completed its merger (the “Merger”) with the WarnerMedia business (the “WarnerMedia Business”, “WM Business” or “WM”) of AT&T Inc. (“AT&T”) and changed its name to “Warner Bros. Discovery, Inc.”. On April 11, 2022, the Company’s shares started trading on the Nasdaq Global Select Market (the “Nasdaq”) under the trading symbol WBD. The Merger was executed through a Reverse Morris Trust type transaction, under which WM was distributed to AT&T’s shareholders via a pro rata distribution, and immediately thereafter, combined with Discovery. (See Note 3.) Prior to the Merger, WarnerMedia Holdings, Inc. distributed $40.5 billion to AT&T (subject to working capital and other adjustments) in a combination of cash, debt securities, and WM's retention of certain debt. Discovery transferred purchase consideration of $42.4 billion in equity to AT&T shareholders. In August 2022, the Company and AT&T finalized the post-closing working capital settlement process, pursuant to section 1.3 of the Separation and Distribution Agreement, which will result in the Company receiving a $1.2 billion payment from AT&T in the third quarter of 2022, which is recorded in prepaid expenses and other current assets on the consolidated balance sheets at June 30, 2022. AT&T shareholders received shares of WBD Series A common stock (“WBD common stock”) in the distribution representing 71% of the combined company and the Company's pre-Merger shareholders continued to own 29% of the combined company, in each case on a fully diluted basis. Discovery was deemed to be the accounting acquirer of the WM Business for accounting purposes under U.S. generally accepted accounting principles (“U.S. GAAP”); therefore, Discovery is considered WBD’s predecessor and the historical financial statements of Discovery prior to April 8, 2022, are reflected in this Quarterly Report on Form 10-Q as WBD’s historical financial statements. Accordingly, the financial results of WBD as of and for any periods prior to April 8, 2022 do not include the financial results of the WM Business and current and future results will not be comparable to historical results. Segments In conjunction with the Merger, the Company reevaluated and changed its segment presentation during the quarter ended June 30, 2022. Accordingly, beginning in the quarter ended June 30, 2022, and for all periods presented, we are reporting results based on the following segments: Studios - Our Studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and our networks/DTC services, distribution of our films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. Networks - Our Networks segment primarily consists of our domestic and international television networks. Direct-to-consumer (“DTC”) - Our DTC segment primarily consists of our premium pay TV and digital content services. Impact of COVID-19 The Company continues to closely monitor the ongoing impact of COVID-19 on all aspects of its business and geographies, including the impact on its customers, employees, suppliers, vendors, distribution and advertising partners, production facilities, and various other third parties. Certain key sources of revenue for the Studios segment, including theatrical revenues, television production, studio operations and themed entertainment, have been adversely impacted by governmentally imposed shutdowns and related labor interruptions and constraints on consumer activity, particularly in the context of public entertainment venues, such as cinemas and theme parks. The nature and full extent of COVID-19’s effects on our operations and results are not yet known and will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity and the extent of future variants or surges of COVID-19, vaccine distribution and efficacy and other actions to contain the virus or treat its impact, among others. The consolidated financial statements reflect management’s estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. Actual results may differ significantly from these estimates and assumptions. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries in which a controlling interest is maintained, including variable interest entities (“VIE”) for which the Company is the primary beneficiary. Intercompany accounts and transactions between consolidated entities have been eliminated. Unaudited Interim Financial Statements These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments consisting only of normal recurring adjustments necessary to state fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. GAAP applicable to interim periods. The results of operations for the interim periods presented are not necessarily indicative of results for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include accounting for asset impairments, revenue recognition, estimated credit losses, content rights, leases, depreciation and amortization, business combinations, share-based compensation, income taxes, other financial instruments, contingencies, estimated defined benefit plan liabilities, and the determination of whether the Company should consolidate certain entities. Summary of Significant Accounting Policies There have been no changes to the Company's significant accounting policies described in the 2021 Form 10-K, other than updates to policies as a result of the Merger as described below. Film and Television Content Rights The Company groups its film and television content rights by monetization strategy. For films and television programs predominantly monetized individually, the amount of capitalized film and television production costs and the amount of participations and residuals to be recognized as expense in a particular period are determined using the individual film forecast method. Under this method, the amortization of capitalized costs and the accrual of participations and residuals are based on the proportion of the film’s or television program’s revenues recognized for such period to the film’s or television program’s estimated remaining ultimate revenues (i.e., the total revenue to be received throughout a film’s or television program’s remaining life cycle). The process of estimating ultimate revenues requires us to make a series of judgments related to future revenue-generating activities associated with a particular film. Prior to the theatrical release of a film, our estimates are based on factors such as the historical performance of similar films, the star power of the lead actors, the rating and genre of the film, pre-release market research (including test market screenings), international distribution plans and the expected number of theaters in which the film will be released. Subsequent to release, ultimate revenues are updated to reflect initial performance, which is often predictive of future performance. For a film or television program that is predominantly monetized on its own but also monetized with other films and/or programs (such as our DTC or linear services), we make a reasonable estimate of the value attributable to the film or program’s exploitation while monetized with other films/programs and expense such costs as the film or television program is exhibited. For theatrical films, the period over which ultimate revenues from all applicable sources and exhibition windows are estimated does not exceed 10 years from the date of the film’s initial release. For television programs, the ultimate period does not exceed 10 years from delivery of the first episode, or, if still in production, five years from delivery of the most recent episode, if later. Ultimates for produced content monetized on an individual basis are reviewed and updated (as applicable) on a quarterly basis; any adjustments are applied prospectively as of the beginning of the fiscal year of the change. For programs monetized as a group, including licensed programming, the Company’s film groups are generally aligned along the Company’s networks and digital content offerings, except for certain international territories wherein content assets are shared across the various networks in the territory and therefore, the territory is the film group. Amortization expense for each period is generally based on the revenue forecast model, which approximates the proportion that estimated distribution and advertising revenues for the current period represent in relation to the estimated remaining total lifetime revenues. Digital content and premium pay TV amortization for each period is recognized based on estimated viewing patterns as there are generally no direct revenues to associate to the individual content assets and therefore number of views is most representative of the use of the title. Licensed rights to film and television programming are typically amortized over the useful life of the program’s license period on a straight-line basis (or per-play basis, if greater, for certain programming on our ad-supported networks), or accelerated basis for licensed original programs. Quarterly, the Company prepares analyses to support its content amortization expense. Critical assumptions used in determining content amortization for programming predominately monetized as a group include: (i) the grouping of content with similar characteristics, (ii) the application of a quantitative revenue forecast model or viewership model based on the adequacy of historical data, (iii) determining the appropriate historical periods to utilize and the relative weighting of those historical periods in the forecast model, and (iv) incorporating secondary streams. The Company then considers the appropriate application of the quantitative assessment given forecasted content use, expected content investment and market trends. Content use and future revenues may differ from estimates based on changes in expectations related to market acceptance, network affiliate fee rates, advertising demand, the number of cable and satellite television subscribers receiving the Company’s networks, the number of subscribers to its digital services, and program usage. Accordingly, the Company continually reviews its estimates and planned usage and revises its assumptions if necessary. Any material adjustments from the Company’s review of the amortization rates for assets in film groups are applied prospectively in the period of the change. Unamortized film costs are tested for impairment whenever events or changes in circumstances indicate that the fair value of a film (or television program) predominately monetized on its own, or a film group, may be less than its unamortized costs. In addition, a change in the predominant monetization strategy is considered a triggering event for impairment testing before a title is accounted for as part of a film group. If the carrying value of an individual feature film or television program, or film group, exceeds the estimated fair value, an impairment charge will be recorded in the amount of the difference. For content that is predominately monetized individually, we utilize estimates including ultimate revenues and additional costs to be incurred (including exploitation and participation costs), in order to determine whether the carrying value of a film or television program is impaired. Game development costs are expensed as incurred before the applicable games reach technological feasibility, or for online hosted arrangements, before the preliminary project phase is complete and it is probable the project will be completed and the software will be used to perform the function intended. Upon release, the capitalized game development costs are amortized based on the proportion of the game’s revenues recognized for such period to the game’s total current and anticipated revenues. Unamortized capitalized game production and development costs are stated at the lower of cost, less accumulated amortization, or net realizable value and reported in “Film and television content rights and games, net” on the consolidated balance sheets. Inventory Inventory is comprised primarily of DVDs, Blu-ray Discs and game units and is stated at the lower of cost or net realizable value in prepaid expenses and other current assets on the consolidated balance sheets. Cost is determined using the average cost method for the majority of our inventory, with the remaining inventory valued using the standard cost method, which approximates average cost. Returned goods included in inventory are valued at estimated realizable value, but not in excess of cost. The Company periodically reviews its inventory for excess and obsolete inventory. The Company's inventory consisted of the following (in millions). June 30, 2022 December 31, 2021 Raw materials $ 6 $ — Work in process 6 — Finished goods 127 1 Total inventory $ 139 $ 1 Defined Benefit Plan The Company maintains a defined benefit pension plan covering certain employees. Defined benefit plan obligations are based on various assumptions used by our actuaries in calculating these amounts. These assumptions include discount rates, compensation rate increases, expected return on plan assets, retirement rates and mortality rates. Actual results that differ from the assumptions and changes in assumptions could affect future expenses and obligations. Accounting and Reporting Pronouncements Adopted LIBOR In March 2020, the Financial Accounting Standards Board (“FASB”) issued guidance providing optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions associated with the expected market transition away from the London Interbank Offered Rate and other interbank offered rates to alternative reference rates. The guidance is for March 12, 2020 through December 31, 2022 and may not be applied to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The Company applied the relevant provisions of the guidance to hedge relationships that were subsequently terminated in the first quarter of 2022. Convertible Instruments In August 2020, the FASB issued guidance simplifying the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. This guidance amends the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions, requires the use of the if-converted method for calculating earnings per share for convertible instruments, and makes targeted improvements to the disclosures for convertible instruments and related earnings per share guidance. The Company adopted the guidance effective January 1, 2022, and there was no material impact on its consolidated financial statements. Accounting and Reporting Pronouncements Not Adopted Government Assistance In November 2021, the FASB issued guidance requiring disclosure for transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy to other guidance. The annual disclosures include terms and conditions, accounting treatment and impacted financial statement lines reflecting the impact of the transactions. The guidance is effective for annual periods beginning after December 15, 2021. The Company is currently assessing the impact this guidance will have on its consolidated financial statements and related disclosures.

Equity and Earnings Per Share

Equity and Earnings Per Share	6 Months Ended
Equity and Earnings Per Share	Jun. 30, 2022
Equity And Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Common Stock Issued in Connection with the WarnerMedia Merger In connection with the Merger, each issued and outstanding share of Discovery Series A common stock, Discovery Series B common stock, and Discovery Series C common stock, was reclassified and automatically converted into one share of WBD common stock, and each issued and outstanding share of Discovery Series A-1 convertible preferred stock (“Series A-1 Preferred Stock”) and Series C-1 convertible preferred stock was reclassified and automatically converted into 13.1135 and 19.3648 shares of WBD common stock, respectively. The Merger required the consent of Advance/Newhouse Programming Partnership under Discovery's certificate of incorporation as the sole holder of the Series A-1 Preferred Stock. In connection with Advance/Newhouse Programming Partnership’s entry into the consent agreement and related forfeiture of the significant rights attached to the Series A-1 Preferred Stock in the reclassification of the shares of Series A-1 Preferred Stock into common stock, it received an increase to the number of shares of common stock of the Company into which the Series A-1 Preferred Stock converted. The impact of the issuance of such additional shares of common stock was $789 million and was recorded as a transaction expense in selling, general and administrative expense upon the closing of the Merger. Earnings Per Share All share and per share amounts have been retrospectively adjusted to reflect the reclassification and automatic conversion into WBD common stock, except for Series A-1 Preferred Stock, which has not been recast because the conversion of Series A-1 Preferred Stock into WBD common stock in connection with the Merger was considered a discrete event and treated prospectively. The table below sets forth the Company's calculated earnings per share. Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net (loss) income $ (3,408) $ 718 $ (2,933) $ 909 Less: Allocation of undistributed income to Series A-1 convertible preferred stock — (72) (49) (87) Net income attributable to noncontrolling interests (7) (38) (23) (84) Net income attributable to redeemable noncontrolling interests (3) (8) (6) (13) Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net income per share $ (3,418) $ 600 $ (3,011) $ 725 Add: Allocation of undistributed income to Series A-1 convertible preferred stockholders $ — $ 72 $ — $ 87 Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for diluted net income per share $ (3,418) $ 672 $ (3,011) $ 812 Denominator — weighted average: Common shares outstanding — basic 2,286 589 1,443 587 Impact of assumed preferred stock conversion — 71 — 71 Dilutive effect of share-based awards — 4 — 8 Common shares outstanding — diluted 2,286 664 1,443 666 Basic net (loss) income per share allocated to common stockholders $ (1.50) $ 1.02 $ (2.09) $ 1.23 Diluted net (loss) income per share allocated to common stockholders $ (1.50) $ 1.01 $ (2.09) $ 1.22 The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Anti-dilutive share-based awards 57 16 45 6

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
Acquisitions and Dispositions	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions WarnerMedia On April 8, 2022, the Company completed its Merger with the WarnerMedia Business of AT&T. The Merger was executed through a Reverse Morris Trust type transaction, under which WM was distributed to AT&T’s shareholders via a pro-rata distribution, and immediately thereafter, combined with Discovery. Discovery was deemed to be the accounting acquirer of WM. The Merger combined WM’s content library of popular and valuable intellectual property with Discovery’s global footprint, collection of local-language content and deep regional expertise across more than 220 countries and territories. The Company expects this broad, worldwide portfolio of brands, coupled with its DTC potential and the attractiveness of the combined assets, to result in increased market penetration globally. The Merger is also expected to create significant cost synergies for the Company. Purchase Price The following table summarizes the components of the aggregate purchase consideration paid to acquire WM (in millions) and is subject to adjustments. Fair value of WBD common stock issued to AT&T shareholders (1) $ 42,309 Estimated fair value of share-based compensation awards attributable to pre-combination services (2) 94 Settlement of preexisting relationships (3) (27) Preliminary purchase consideration $ 42,376 (1) The fair value of WBD common stock issued to AT&T shareholders represents approximately 1,732 million shares of the Company’s common stock multiplied by the closing share price for Discovery Series A common stock of $24.43 on the Nasdaq on the Closing Date. The number of shares of WBD common stock issued in the Merger was determined based on the number of fully diluted shares of Discovery, Inc. common stock immediately prior to the closing of the Merger, multiplied by the quotient of 71%/29%. (2) This amount represents the value of AT&T restricted stock unit awards that were not vested and were replaced by WBD restricted stock unit awards with similar terms and conditions as the original AT&T awards. The conversion was based on the ratio of the volume-weighted average per share closing price of AT&T common stock on the ten trading days prior to the Closing Date and the volume-weighted average per share closing price of WBD common stock on the ten trading days following the Closing Date. The fair value of replacement equity-based awards attributable to pre-Merger service was recorded as part of the consideration transferred in the Merger. See Note 14 for additional information. (3) The amount represents the effective settlement of outstanding payables and receivables between the Company and WM. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value. Balances reflect rounding of dollar and share amounts to millions, which may result in differences for recalculated standalone amounts compared with the amounts presented above. Preliminary Purchase Price Allocation The Company applied the acquisition method of accounting to WM, whereby the excess of the fair value of the purchase price paid over the fair value of identifiable net assets acquired and liabilities assumed was allocated to goodwill. Goodwill reflects the assembled workforce of WM as well as revenue enhancements, cost savings and operating synergies that are expected to result from the Merger. The goodwill recorded as part of the Merger has been provisionally allocated to the Studios, Networks and DTC reportable segments in the amount of $8,912 million, $7,016 million and $5,585 million, respectively, and is not deductible for tax purposes. The purchase price allocation is preliminary and subject to change. The Company is still evaluating the fair value of film and television library, intangible assets, and income taxes, in addition to ensuring all other assets and liabilities and contingencies have been identified and recorded. The Company has estimated the preliminary fair value of assets acquired and liabilities assumed based on information currently available and will continue to adjust those estimates as additional information pertaining to events or circumstances present at the Closing Date becomes available during the measurement period. The Company will reflect measurement period adjustments, if any, in the period in which the adjustments occur, and the Company will finalize its accounting for the Merger within one year of the Closing Date. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred is presented in the table below (in millions). Preliminary Cash $ 2,419 Accounts receivable 4,224 Other current assets 4,619 Film and television library 28,729 Property and equipment 4,260 Goodwill 21,513 Intangible assets 44,889 Other noncurrent assets 5,206 Current liabilities (10,544) Debt assumed (41,671) Deferred income taxes (13,264) Other noncurrent liabilities (8,004) Total consideration paid $ 42,376 The fair values of the assets acquired, and liabilities assumed were preliminarily determined using the income, cost, and market approaches. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow analyses, and thus represent a Level 3 measurement. Significant inputs used in the discounted cash flow analyses and other areas of judgment include (i) historical and projected financial information, (ii) discount rates used to present value future cash flows, (iii) royalty rates, (iv) number of renewals for affiliate contracts, (v) synergies, including cost savings, (vi) tax rates, (vii) economic useful life of assets, and (viii) attrition rates, as relevant, that market participants would consider when estimating fair values. The following are the preliminary fair value approaches followed: Category Valuation Method Trade names Relief from royalty method of the income approach Film and TV content library Multi-period excess earnings method of the income approach; net book value Affiliate contracts Multi-period excess earnings method of the income approach Franchises Multi-period excess earnings method of the income approach Other intangible assets Multi-period excess earnings method of the income approach Licensed content Net book value method Licensed sports rights Differential method, a form of the incremental income approach In-place advertising networks With-or-without method, a form of the income approach Subscriber relationships Replacement cost method of the cost approach Real estate, property and equipment Cost approach or the income approach, which estimates the value of property based on the income it generates or the market approach, which determines values based on comparable assets purchased under similar conditions Current and noncurrent debt assumed comprising existing debt of WM, the Term Loan, and the Notes Quoted prices for identical or similar securities in active markets The table below presents a summary of intangible assets acquired, exclusive of content assets, and the weighted average useful life of these assets. Fair Value Weighted Average Useful Life in Years Trade names $ 21,084 25 Affiliate, advertising and subscriber relationships 14,700 6 Franchises 7,900 35 Other intangible assets 1,205 Total intangible assets acquired $ 44,889 The Company incurred transaction-related costs of $194 million and $281 million for the three and six months ended June 30, 2022, respectively. These costs were associated with legal and professional services and were recognized as operating expenses on the consolidated statement of operations. Additionally, the expense related to the issuance of additional shares of common stock in connection with the conversion of Advance/Newhouse Programming's Series A-1 Preferred Stock was $789 million and was recorded as a transaction expense in selling, general and administrative expense upon the closing of the Merger. (See Note 2.) As a result of the Merger, WM's assets, liabilities, and operations were included in the Company's consolidated financial statements from the Closing Date. The following table presents WM revenue and earnings as reported within the consolidated financial statements (in millions). Three and Six Months Ended June 30, 2022 Revenues: Advertising $ 1,163 Distribution 3,526 Content 2,835 Other 208 Total revenues $ 7,732 Net loss available to Warner Bros. Discovery, Inc. $ (2,911) Pro Forma Combined Financial Information The following unaudited pro forma combined financial information presents the combined results of the Company and WM as if the Merger had been completed on January 1, 2021. The unaudited pro forma combined financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the Merger had occurred on January 1, 2021, nor is it indicative of future results. The following table presents the Company's pro forma combined revenues and net income (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenues $ 10,823 $ 11,211 $ 22,264 $ 21,933 Net loss available to Warner Bros. Discovery, Inc. (2,151) (341) (2,437) (1,912) The unaudited pro forma combined financial information includes, where applicable, adjustments for (i) additional costs of revenues from the fair value step up of film and television library, (ii) additional amortization expense related to acquired intangible assets, (iii) additional depreciation expense from the fair value of property and equipment, (iv) transaction costs and other one-time non-recurring costs, (v) additional interest expense for borrowings related to the Merger and amortization associated with fair value adjustments of debt assumed, (vi) changes to align accounting policies, (vii) elimination of intercompany activity, and (viii) associated tax-related impacts of adjustments. These pro forma adjustments are based on available information as of the date hereof and upon assumptions that the Company believes are reasonable to reflect the impact of the Merger with WM on the Company's historical financial information on a supplemental pro forma basis. Adjustments do not include costs related to integration activities, cost savings or synergies that have been or may be achieved by the combined business. Dispositions In April 2022, the Company completed the sale of its minority interest in Discovery Education for a sale price of $138 million and recorded a gain of $133 million. In June 2021, the Company completed the sale of its Great American Country network to Hicks Equity Partners for a sale price of $90 million and recorded a gain of $76 million.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The carrying value and changes in the carrying value of goodwill attributable to each reportable segment were as follows (in millions). U.S. International Studios Networks DTC Total December 31, 2021 $ 10,813 $ 2,099 $ — $ — $ — $ 12,912 Segment recast (See Note 20) (10,813) (2,059) — 10,555 2,317 — Acquisitions (See Note 3) — — 8,912 7,016 5,585 21,513 Foreign currency translation and other — (40) — (92) (20) (152) June 30, 2022 $ — $ — $ 8,912 $ 17,479 $ 7,882 $ 34,273 The carrying amount of goodwill at the Networks segment included accumulated impairments of $1.6 billion as of June 30, 2022 and December 31, 2021. The carrying amount of goodwill at the Studios and DTC segments did not include any accumulated impairments as of June 30, 2022 and December 31, 2021. Intangible Assets Finite-lived intangible assets consisted of the following (in millions, except years). Weighted June 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Trademarks and trade names 32 $ 22,918 $ (1,064) $ 21,854 $ 1,716 $ (858) $ 858 Customer relationships 8 24,029 (6,307) 17,722 9,433 (4,303) 5,130 Franchises 35 7,900 (51) 7,849 — — — Character rights 14 995 (16) 979 — — — Other 6 569 (249) 320 395 (227) 168 Total $ 56,411 $ (7,687) $ 48,724 $ 11,544 $ (5,388) $ 6,156 Amortization expense relating to finite-lived intangible assets was $2,004 million and $268 million for the three months ended June 30, 2022 and 2021, respectively, and $2,439 million and $548 million for the six months ended June 30, 2022 and 2021, respectively. Amortization expense relating to intangible assets subject to amortization for each of the next five years and thereafter is estimated to be as follows (in millions). Remaining 2022 2023 2024 2025 2026 Thereafter Amortization expense $ 3,790 $ 6,497 $ 4,976 $ 3,600 $ 2,590 $ 27,271 Indefinite-lived intangible assets not subject to amortization (in millions): June 30, 2022 December 31, 2021 Trademarks $ — $ 161 Impairment Analysis During the second quarter of 2022, the Company performed a qualitative goodwill impairment assessment for all reporting units in conjunction with the change in its segment presentation, and determined that it was more likely than not that the fair value of those reporting units exceeded their carrying values; therefore, no quantitative goodwill impairment analysis was performed.

Restructuring and Other Charges

Restructuring and Other Charges	6 Months Ended
Restructuring and Other Charges	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER CHARGES	RESTRUCTURING AND OTHER CHARGES Restructuring and other charges by reportable segments and corporate were as follows (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 200 $ — $ 200 $ — Networks 308 7 312 21 DTC 475 — 475 1 Corporate 50 — 51 — Total restructuring and other charges $ 1,033 $ 7 $ 1,038 $ 22 Restructuring charges include content impairments of $496 million, employee terminations of $208 million, and content development write-offs of $329 million for the three months ended June 30, 2022. Content impairments and development write-offs resulted from a global strategic review of content following the Merger. Employee terminations relate to cost reduction efforts and management changes. These charges resulted from activities to integrate WM and establish an efficient cost structure. Changes in restructuring and other liabilities recorded in accrued liabilities by major category and by reportable segment and corporate were as follows (in millions). U.S. Networks International Networks Studios Networks DTC Corporate Total December 31, 2021 $ 4 $ 13 $ — $ — $ — $ 2 $ 19 Segment recast (See Note 20) (4) (13) — 15 — 2 — Acquisitions (See Note 3) — — 40 — 14 55 109 Employee termination accruals, net — — 54 16 13 126 209 Cash paid — — (10) (6) (3) (15) (34) June 30, 2022 $ — $ — $ 84 $ 25 $ 24 $ 170 $ 303

Revenues

Revenues	6 Months Ended
Revenues	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES The following table presents the Company’s revenues disaggregated by revenue source (in millions). Three Months Ended June 30, 2022 Studios Networks DTC Corporate Total Revenues: Advertising $ 10 $ 2,624 $ 96 $ (9) $ 2,721 Distribution 4 2,841 1,993 — 4,838 Content 2,636 220 132 (924) 2,064 Other 146 57 4 (3) 204 Total $ 2,796 $ 5,742 $ 2,225 $ (936) $ 9,827 Three Months Ended June 30, 2021 Studios Networks DTC Corporate Total Revenues: Advertising $ — $ 1,601 $ 33 $ — $ 1,634 Distribution — 1,132 180 — 1,312 Content 2 96 2 — 100 Other — 15 1 — 16 Total $ 2 $ 2,844 $ 216 $ — $ 3,062 Six Months Ended June 30, 2022 Studios Networks DTC Corporate Total Revenues: Advertising $ 10 $ 4,054 $ 142 $ (9) $ 4,197 Distribution 4 3,961 2,225 — 6,190 Content 2,641 536 134 (924) 2,387 Other 146 64 5 (3) 212 Total $ 2,801 $ 8,615 $ 2,506 $ (936) $ 12,986 Six Months Ended June 30, 2021 Studios Networks DTC Corporate Total Revenues: Advertising $ — $ 2,993 $ 50 $ — $ 3,043 Distribution — 2,281 289 — 2,570 Content 7 202 3 — 212 Other — 28 1 — 29 Total $ 7 $ 5,504 $ 343 $ — $ 5,854 Reserves for Credit Losses Reserves for accounts receivable reflect expected credit losses, which are estimated based on historical experience, as well as current and expected economic conditions and industry trends. The allowance for credit losses was $138 million at June 30, 2022 and $54 million at December 31, 2021. The increase was primarily attributable to the acquisition of existing WM receivables in the Merger with WM. The corresponding expense for the expected credit losses is reflected in selling, general and administrative expenses. Contract Assets and Liabilities A contract asset is recorded when revenue is recognized in advance of the Company's right to bill and receive consideration and that right is conditioned upon something other than the passage of time. A contract liability, such as deferred revenue, is recorded when the Company has recorded billings in conjunction with its contractual right or when cash is received in advance of the Company's performance. The following table presents contract assets and liabilities on the consolidated balance sheets (in millions). Category Balance Sheet Location June 30, 2022 December 31, 2021 Contract Assets Prepaid expenses and other current assets $ 12 $ — Contract Assets Other noncurrent assets 26 — Contract Liabilities Deferred revenues 1,663 478 Contract Liabilities Other noncurrent liabilities 242 95 The change in deferred revenue for the six months ended June 30, 2022 primarily reflects an increase of $1,476 million related to the Merger and cash payments received for which the performance obligation was not satisfied prior to the end of the period, partially offset by $347 million of revenues recognized that were included in the deferred revenue balance at December 31, 2021. Revenue recognized for the six months ended June 30, 2021 related to the deferred revenue balance at December 31, 2020 was $162 million. Transaction Price Allocated to Remaining Performance Obligations Most of the Company's distribution contracts are licenses of functional intellectual property where revenue is derived from royalty-based arrangements, for which the guidance allows the application of a practical expedient to record revenues as a function of royalties earned to date instead of estimating incremental royalty contract revenue. Accordingly, in these instances revenue is recognized based upon the royalties earned to date. However, there are certain other distribution arrangements that are fixed price or contain minimum guarantees that extend beyond one year. The Company recognizes revenue for fixed fee distribution contracts on a monthly basis based on minimum monthly fees; by calculating one twelfth of annual license fees specified in its distribution contracts; or based on the pro-rata fees earned calculated on the license fees specified in the distribution contract. The transaction price allocated to remaining performance obligations within these fixed price or minimum guarantee distribution revenue contracts was $2.7 billion as of June 30, 2022 and is expected to be recognized over the next seven years. The Company's content licensing contracts and sports sublicensing deals are licenses of functional intellectual property. The transaction price allocated to remaining performance obligations on these contracts was $5.2 billion as of June 30, 2022 and is expected to be recognized over the next seven years. The Company's brand licensing contracts are licenses of symbolic intellectual property. The transaction price allocated to remaining performance obligations on these contracts was $2.3 billion as of June 30, 2022 and is expected to be recognized over the next 21 years. The Company's advertising contracts are principally generated from the sale of advertising campaigns comprised of multiple commercial units. In contracts with guaranteed impressions, we have identified the overall advertising campaign as the performance obligation to be satisfied over time, and impressions delivered against the satisfaction of our guarantee as the measure of progress. Certain of these arrangements extend beyond one year. The transaction price allocated to remaining performance obligations on these long-term contracts was $595 million as of June 30, 2022 and is expected to be recognized over the next three years. The value of unsatisfied performance obligations disclosed above does not include: (i) contracts involving variable consideration for which revenues are recognized in accordance with the sales or usage-based royalty exception, and (ii) contracts with an original expected length of one year or less, such as most advertising contracts; however for content licensing revenues, including revenues associated with the licensing of theatrical and television product for television and streaming services, the Company has included all contracts regardless of duration.

Sales of Receivables

Sales of Receivables	6 Months Ended
Sales of Receivables	Jun. 30, 2022
Receivables [Abstract]
SALES OF RECEIVABLES	SALES OF RECEIVABLES Revolving Receivables Program The Company has a revolving agreement to transfer up to $6,000 million of certain receivables through its bankruptcy-remote subsidiary Warner Bros. Discovery Receivables Funding, LLC to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred. The Company services sold receivables for a fee and pays fees to the financial institution in connection with this revolving agreement. This agreement is subject to renewal on an annual basis and the transfer limit may be expanded from time to time. As customers pay their balances the Company’s available capacity under this revolving agreement increases and typically the Company transfers additional receivables into the program. Our bankruptcy-remote consolidated subsidiary held $1,287 million of cash and $1,838 million of pledged receivables as of June 30, 2022 in connection with this revolving agreement. The gross value of the proceeds received results in derecognition of receivables and the obligations assumed are recorded at fair value. The obligation is subsequently adjusted for changes in estimated expected credit losses and interest rates, which are considered Level 3 fair value measurements since the inputs are unobservable. For the three and six months ended June 30, 2022, the Company has recognized a $41 million net loss in selling, general and administrative expense from the revolving receivables program in the consolidated statements of operations. The outstanding portfolio of receivables derecognized from our consolidated balance sheets was $5,700 million as of June 30, 2022. The following table presents a summary of receivables sold (in millions). Three Months Ended June 30, 2022 Gross receivables sold/cash proceeds received $ 3,205 Collections reinvested under revolving agreement (3,505) Net cash proceeds received $ (300) Net receivables sold $ 3,198 Obligations recorded $ 98 The following table presents a summary of the amounts transferred or pledged (in millions): June 30, 2022 Gross receivables pledged as collateral $ 1,838 Restricted cash pledged as collateral $ 1,287 Balance sheet classification: Receivables, net $ 1,629 Prepaid expenses and other current assets $ 1,287 Other noncurrent assets $ 209 Accounts Receivable Factoring The Company has a factoring agreement to sell certain of its non-U.S. trade accounts receivable on a non-recourse basis to a third-party financial institution. The Company accounts for these transactions as sales in accordance with ASC 860, "Transfers and Servicing", when its continuing involvement subsequent to the transfer is limited to providing certain servicing and collection actions on behalf of the purchaser of the designated trade accounts receivable. Proceeds from amounts factored are recorded as an increase to cash and cash equivalents and a reduction to receivables, net in the consolidated balance sheets. Cash received is also reflected as cash provided by operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $103 million as of June 30, 2022. The impact to the consolidated statements of operations was immaterial for the three and six months ended June 30, 2022. This accounts receivable factoring agreement is separate and distinct from the revolving receivables program.

Content Rights

Content Rights	6 Months Ended
Content Rights	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
CONTENT RIGHTS	CONTENT RIGHTS For purposes of amortization and impairment, the capitalized content costs are grouped based on their predominant monetization strategy: individually or as a group. The table below presents the components of content rights (in millions). June 30, 2022 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 3,120 $ — $ 3,120 Completed and not released 318 — 318 In production 1,865 — 1,865 Development and pre-production 144 — 144 Television production costs: Released, less amortization 1,585 7,010 8,595 Completed and not released 649 733 1,382 In production 490 3,711 4,201 Development and pre-production 37 19 56 Total theatrical film and television production costs $ 8,208 $ 11,473 $ 19,681 Programming and game costs: Programming costs, less amortization (a) 10,288 Game development costs, less amortization 656 Total film and television content rights and games 30,625 Less: Current content rights and prepaid license fees, net (505) Total noncurrent film and television content rights and games, net $ 30,120 December 31, 2021 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ — $ — $ — Completed and not released — — — In production — — — Development and pre-production — — — Television production costs: Released, less amortization 9 2,432 2,441 Completed and not released — — — In production — 770 770 Development and pre-production — 17 17 Total theatrical film and television production costs $ 9 $ 3,219 3,228 Programming and game costs: Programming costs, less amortization (a) 849 Game development costs, less amortization — Total film and television content rights 4,077 Less: Current content rights and prepaid license fees, net (245) Total noncurrent film and television content rights, net $ 3,832 (a) Includes the costs of licensed programming rights, including payments that have been made prior to the related rights being received (primarily for sports). Content expense consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Monetized individually Content amortization $ 1,927 $ 25 $ 2,177 $ 49 Content impairments 94 — 94 — Total content expense monetized individually $ 2,021 $ 25 $ 2,271 $ 49 Monetized as a group Content amortization $ 3,189 $ 747 $ 3,908 $ 1,466 Content impairments 408 1 412 1 Total content expense monetized as a group $ 3,597 $ 748 $ 4,320 $ 1,467 Total content expense $ 5,618 $ 773 $ 6,591 $ 1,516

Investments

Investments	6 Months Ended
Investments	Jun. 30, 2022
Investments [Abstract]
INVESTMENTS	INVESTMENTS The Company’s equity investments consisted of the following, net of investments recorded in other noncurrent liabilities (in millions). Category Balance Sheet Location Ownership June 30, 2022 December 31, 2021 Equity method investments: The Chernin Group (TCG) 2.0-A, LP Other noncurrent assets 44% $ 352 $ — nC+ Other noncurrent assets 32% 129 151 Other Other noncurrent assets 683 390 Total equity method investments 1,164 541 Investments with readily determinable fair values Other noncurrent assets 45 80 Investments with readily determinable fair values Prepaid expenses and other current assets 14 40 Total investments with readily determinable fair values 59 120 Investments without readily determinable fair values Other noncurrent assets 637 496 Total investments $ 1,860 $ 1,157 Equity Method Investments Investments in equity method investees are those for which the Company has the ability to exercise significant influence but does not control and is not the primary beneficiary or the entity is not a VIE and the Company does not have a controlling financial interest. In conjunction with the Merger, the Company acquired $671 million of equity method investments. Impairment losses are recorded in loss from equity investees, net on the consolidated statements of operations. Impairment losses for the three and six months ended June 30, 2022 were not material. Certain of the Company's other equity method investments are VIEs, for which the Company is not the primary beneficiary. As of June 30, 2022, the Company’s maximum exposure for all of its unconsolidated VIEs, including the investment carrying values and unfunded contractual commitments made on behalf of VIEs, was approximately $810 million. The Company's maximum estimated exposure excludes the non-contractual future funding of VIEs. The aggregate carrying values of these VIE investments were $772 million as of June 30, 2022 and $126 million as of December 31, 2021. VIE gains and losses are recorded in loss from equity investees, net on the consolidated statements of operations, and were not material for the three and six months ended June 30, 2022 and 2021. Investments with Readily Determinable Fair Value Investments in entities or other securities in which the Company has no control or significant influence, is not the primary beneficiary, and have a readily determinable fair value are classified as equity investments with readily determinable fair value. The investments are measured at fair value based on a quoted market price per unit in active markets multiplied by the number of units held without consideration of transaction costs (Level 1). Gains and losses are recorded in other (expense) income, net on the consolidated statements of operations. The gains and losses related to the Company's investments with readily determinable fair values for the three and six months ended June 30, 2022 and 2021 are summarized in the table below (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (losses) gains recognized during the period on equity securities $ (41) $ 29 $ (61) $ 62 Less: Net gains recognized on equity securities sold — — — 16 Unrealized (losses) gains recognized during reporting period on equity securities still held at the reporting date $ (41) $ 29 $ (61) $ 46 Equity investments without readily determinable fair values assessed under the measurement alternative Equity investments without readily determinable fair value include ownership rights that either (i) do not meet the definition of in-substance common stock or (ii) do not provide the Company with control or significant influence and these investments do not have readily determinable fair values. In conjunction with the Merger, the Company acquired $156 million in equity method investments without readily determinable fair values. During the six months ended June 30, 2022, the Company did not invest in any material equity investments without readily determinable fair values and concluded there were no indicators that a change in fair value had taken place. As of June 30, 2022, the Company had recorded cumulative upward adjustments of $9 million and cumulative impairments of $88 million for its equity investments without readily determinable fair values.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The table below presents the components of outstanding debt (in millions). Weighted-Average June 30, 2022 December 31, 2021 Term loans with maturities of 3 years or less 2.32 % $ 6,500 $ — Floating rate senior notes with maturities of 5 years or less 2.31 % 500 — Senior notes with maturities of 5 years or less 3.60 % 13,742 4,314 Senior notes with maturities between 5 and 10 years 4.25 % 10,373 4,128 Senior notes with maturities greater than 10 years 5.11 % 21,644 6,745 Total debt 52,759 15,187 Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net (274) (428) Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, 52,485 14,759 Current portion of debt (1,097) (339) Noncurrent portion of debt $ 51,388 $ 14,420 During the three months ended June 30, 2022, the Company repaid $3.5 billion of aggregate principal amount outstanding of its term loans due October 2023 and April 2025. The Company also assumed $41.5 billion of senior notes (at par value) and term loans during the Merger. During the three months ended March 31, 2022, the Company repaid in full at maturity $327 million aggregate principal amount outstanding of its 2.375% Euro Denominated Senior Notes due March 2022. In the third quarter of 2021, the Company redeemed in full $168 million aggregate principal amount outstanding of its 3.300% Senior Notes due May 2022 and $62 million aggregate principal amount outstanding of its 3.500% Senior Notes due June 2022. In the first quarter of 2021, the Company redeemed in full $335 million aggregate principal amount outstanding of its 4.375% Senior Notes due June 2021. The redemptions during 2022 and 2021 resulted in an immaterial loss on extinguishment of debt. As of June 30, 2022, all senior notes are fully and unconditionally guaranteed by the Company, Scripps Networks Interactive, Inc. ("Scripps Networks"), Discovery Communications, LLC ("DCL") (to the extent it is not the primary obligor on such senior notes), and WarnerMedia Holdings, Inc. (to the extent it is not the primary obligor on such senior notes), except for $1.5 billion of senior notes of the legacy WarnerMedia Business assumed by the Company in connection with the Merger and $23 million of un-exchanged senior notes issued by Scripps Networks. Additionally, the term loans of WarnerMedia Holdings, Inc., made under the $10 billion term loan credit agreement (the "Term Loan Credit Agreement"), are fully and unconditionally guaranteed by the Company, Scripps Networks, and DCL. Revolving Credit Facility and Commercial Paper Programs In June 2021, DCL entered into a multicurrency revolving credit agreement (the “Revolving Credit Agreement”), replacing the existing $2.5 billion credit agreement, dated February 4, 2016, as amended. Following the Merger, DCL has the capacity to borrow up to $6.0 billion under the Revolving Credit Agreement (the “Credit Facility”). The Revolving Credit Agreement includes a $150 million sublimit for the issuance of standby letters of credit. DCL may also request additional commitments up to $1 billion from the lenders upon satisfaction of certain conditions. Obligations under the Revolving Credit Agreement are unsecured and are fully and unconditionally guaranteed by the Company, Scripps Networks, and WarnerMedia Holdings, Inc. The Credit Facility will be available on a revolving basis until June 2026, with an option for up to two additional 364-day renewal periods subject to the lenders' consent. The Revolving Credit Agreement contains customary representations and warranties as well as affirmative and negative covenants. Additionally, the Company's commercial paper program is supported by the Credit Facility. Under the commercial paper program, the Company may issue up to $1.5 billion, including up to $500 million of euro-denominated borrowings. Borrowing capacity under the Credit Facility is effectively reduced by any outstanding borrowings under the commercial paper program. As of June 30, 2022 and December 31, 2021, the Company had no outstanding borrowings under the Credit Facility or the commercial paper program. Credit Agreement Financial Covenants

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2022
Leases [Abstract]
LEASES	LEASES The Company has operating and finance leases for transponders, office space, studio facilities, and other equipment. Our leases have remaining lease terms of up to 15 years, some of which include options to extend the leases for up to 10 years . Most leases are not cancelable prior to their expiration. In conjunction with the Merger, the Company acquired $2,493 million and $47 million of operating and finance lease right-of-use assets, respectively. The components of lease cost were as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating lease cost $ 116 $ 26 $ 138 $ 53 Finance lease cost: Amortization of right-of-use assets $ 20 $ 14 $ 37 $ 28 Interest on lease liabilities 2 2 4 4 Total finance lease cost $ 22 $ 16 $ 41 $ 32 Variable lease cost $ 6 $ 1 $ 7 $ 4 Total lease cost $ 144 $ 43 $ 186 $ 89 Supplemental cash flow information related to leases was as follows (in millions): Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (142) $ (56) Operating cash flows from finance leases $ (7) $ (4) Financing cash flows from finance leases $ (39) $ (33) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7 $ 7 Finance leases $ 23 $ 59 Supplemental balance sheet information related to leases was as follows (in millions): Category Location on June 30, 2022 December 31, 2021 Operating Leases Operating lease right-of-use assets Other noncurrent assets $ 2,918 $ 535 Operating lease liabilities (current) Accrued liabilities $ 335 $ 62 Operating lease liabilities (noncurrent) Other noncurrent liabilities 2,678 567 Total operating lease liabilities $ 3,013 $ 629 Finance Leases Finance lease right-of-use assets Property and equipment, net $ 275 $ 249 Finance lease liabilities (current) Accrued liabilities $ 78 $ 58 Finance lease liabilities (noncurrent) Other noncurrent liabilities 206 197 Total finance lease liabilities $ 284 $ 255 June 30, 2022 December 31, 2021 Weighted average remaining lease term (in years): Operating leases 11 12 Finance leases 5 5 Weighted average discount rate: Operating leases 3.83 % 2.94 % Finance leases 3.13 % 3.57 % Maturities of lease liabilities as of June 30, 2022 were as follows (in millions): Operating Leases Finance Leases 2022 (excluding the two quarters ended June 30, 2022) $ 260 $ 79 2023 425 75 2024 373 57 2025 319 37 2026 289 26 Thereafter 2,070 34 Total lease payments 3,736 308 Less: Imputed interest (723) (24) Total $ 3,013 $ 284 As of June 30, 2022, the Company has additional leases that have not yet commenced with total minimum lease payments of $1,175 million, primarily related to facility leases. The remaining leases will commence between 2022 and 2023, have lease terms of 3 to 27 years, and include options to extend the terms for up to 10 additional years.
LEASES	LEASES The Company has operating and finance leases for transponders, office space, studio facilities, and other equipment. Our leases have remaining lease terms of up to 15 years, some of which include options to extend the leases for up to 10 years . Most leases are not cancelable prior to their expiration. In conjunction with the Merger, the Company acquired $2,493 million and $47 million of operating and finance lease right-of-use assets, respectively. The components of lease cost were as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating lease cost $ 116 $ 26 $ 138 $ 53 Finance lease cost: Amortization of right-of-use assets $ 20 $ 14 $ 37 $ 28 Interest on lease liabilities 2 2 4 4 Total finance lease cost $ 22 $ 16 $ 41 $ 32 Variable lease cost $ 6 $ 1 $ 7 $ 4 Total lease cost $ 144 $ 43 $ 186 $ 89 Supplemental cash flow information related to leases was as follows (in millions): Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (142) $ (56) Operating cash flows from finance leases $ (7) $ (4) Financing cash flows from finance leases $ (39) $ (33) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7 $ 7 Finance leases $ 23 $ 59 Supplemental balance sheet information related to leases was as follows (in millions): Category Location on June 30, 2022 December 31, 2021 Operating Leases Operating lease right-of-use assets Other noncurrent assets $ 2,918 $ 535 Operating lease liabilities (current) Accrued liabilities $ 335 $ 62 Operating lease liabilities (noncurrent) Other noncurrent liabilities 2,678 567 Total operating lease liabilities $ 3,013 $ 629 Finance Leases Finance lease right-of-use assets Property and equipment, net $ 275 $ 249 Finance lease liabilities (current) Accrued liabilities $ 78 $ 58 Finance lease liabilities (noncurrent) Other noncurrent liabilities 206 197 Total finance lease liabilities $ 284 $ 255 June 30, 2022 December 31, 2021 Weighted average remaining lease term (in years): Operating leases 11 12 Finance leases 5 5 Weighted average discount rate: Operating leases 3.83 % 2.94 % Finance leases 3.13 % 3.57 % Maturities of lease liabilities as of June 30, 2022 were as follows (in millions): Operating Leases Finance Leases 2022 (excluding the two quarters ended June 30, 2022) $ 260 $ 79 2023 425 75 2024 373 57 2025 319 37 2026 289 26 Thereafter 2,070 34 Total lease payments 3,736 308 Less: Imputed interest (723) (24) Total $ 3,013 $ 284 As of June 30, 2022, the Company has additional leases that have not yet commenced with total minimum lease payments of $1,175 million, primarily related to facility leases. The remaining leases will commence between 2022 and 2023, have lease terms of 3 to 27 years, and include options to extend the terms for up to 10 additional years.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company uses derivative financial instruments to modify its exposure to market risks from changes in foreign currency exchange rates and interest rates. The Company does not enter into or hold derivative financial instruments for speculative trading purposes. Cash Flow Hedges On January 1, 2022, the Company discontinued hedge accounting for certain forward starting interest rate swap contracts with a total notional value of $2 billion. The Company previously recognized a gain of $33 million in accumulated other comprehensive loss that will be amortized as an adjustment to interest expense, net over the respective terms of future issuances of debt. Subsequently, the Company unwound and settled the contracts and received cash of $122 million, including an $89 million realized gain for changes in fair market value between the dedesignation date and settlement date that was recognized in other (expense) income, net in the consolidated statements of operations. In connection with the Merger, the Company acquired two cash flow hedging programs to mitigate foreign currency risk including $922 million notional of production expense hedges and $776 million notional of production rebate hedges. These cash flow hedging programs are carried at fair market value using the spot method, with fair market value changes recorded in other comprehensive income until the production airs. Excluded components of the fair market value, including forward points, are included in current earnings. Net Investment Hedges During the three months ended March 31, 2022, the Company unwound and settled certain fixed-to-fixed cross-currency swaps with a total notional value of $705 million associated with the Company's Euro functional subsidiaries. The Company recognized a realized gain of $10 million related to the excluded component of the hedge relationship in other (expense) income, net in the consolidated statements of operations, and recognized a gain of $6 million in accumulated other comprehensive loss. Also during the three months ended March 31, 2022, the Company executed cross currency swaps with a notional value of $664 million with expiration dates in 2025 to replace the aforementioned swaps that matured. During the three months ended June 30, 2022, the Company unwound and settled certain cross-currency swaps with a total notional value of $2 billion and recorded a gain of $78 million. In connection with the Merger, the company also acquired $173 million of Euro denominated debt that is designated as a net investment hedge with all fair market value changes accounted for as currency translation adjustments. No Hedging Designation During the three months ended March 31, 2022, the Company dedesignated, unwound and settled forward starting interest rate swap contracts with a total notional value of $5.0 billion, swaption collars with a total notional value of $2.5 billion, and purchase payer swaptions with a total notional value of $7.5 billion. The Company received cash of $474 million upon settlement, including $142 million in premiums paid at execution during 2021, resulting in a gain of $332 million that was recognized in other (expense) income, net in the consolidated statements of operations. Also during the three months ended March 31, 2022, the Company executed and subsequently settled treasury locks with a total notional value of $14.5 billion. The Company received cash of $90 million upon settlement, resulting in a gain of $90 million that was recognized in other (expense) income, net in the consolidated statements of operations. Finally, during the three months ended March 31, 2022, the Company unwound and settled a foreign exchange forward contract with a notional value of $375 million associated with the Company's Euro denominated debt that was paid in full at maturity. The Company recognized a loss of $48 million in other (expense) income, net in the consolidated statements of operations. The company acquired $322 million of economic hedges to mitigate foreign currency risk for production expenses that are not designated for hedge accounting. The fair market value changes of these derivatives are expensed to other (expense) income, net. The following table summarizes the impact of derivative financial instruments on the Company's consolidated balance sheets (in millions). There were no amounts eligible to be offset under master netting agreements as of June 30, 2022 and December 31, 2021. The fair value of the Company's derivative financial instruments was determined using a market-based approach (Level 2). June 30, 2022 December 31, 2021 Fair Value Fair Value Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Cash flow hedges: Foreign exchange $ 2,196 $ 31 $ 54 $ 80 $ 15 $ 777 $ 14 $ — $ 2 $ — Interest rate swaps — — — — — 2,000 44 — 11 — Net investment hedges: (a) Cross-currency swaps 1,620 16 29 — 59 3,512 54 61 20 76 No hedging designation: Foreign exchange 806 4 1 — 98 1,020 — — 34 66 Interest rate swaps — — — — — 15,000 126 28 9 5 Cross-currency swaps 139 3 2 — — 139 3 — — 5 Total $ 54 $ 86 $ 80 $ 172 $ 241 $ 89 $ 76 $ 152 (a) Excludes £400 million of sterling notes ($486 million equivalent at June 30, 2022) and €164 million of euro-denominated notes ( $173 million equivalent at June 30, 2022) designated as a net investment hedges. (See Note 10.) The following table presents the pre-tax impact of derivatives designated as cash flow hedges on income and other comprehensive income (loss) (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gains (losses) recognized in accumulated other comprehensive loss: Foreign exchange - derivative adjustments $ (7) $ (7) $ (20) $ 30 Interest rate - derivative adjustments — (134) — 126 Gains (losses) reclassified into income from accumulated other comprehensive loss: Foreign exchange - advertising revenue — — 1 — Foreign exchange - distribution revenue (2) 2 2 (1) Foreign exchange - costs of revenues 18 — 19 — Interest rate - interest expense, net (1) (1) (1) (1) If current fair valu es of designated cash flow hedges as of June 30, 2022 remained static over the next twelve months, the Company would reclassify $5 million of net deferred losses from accumulated other comprehensive loss into income in the next twelve months. The maximum length of time the Company is hedging exposure to the variability in future cash flows is 33 years. The following table presents the pre-tax impact of derivatives designated as net investment hedges on other comprehensive income (loss) (in millions). Other than amounts excluded from effectiveness testing, there were no other gains (losses) reclassified from accumulated other comprehensive loss to income during the three and six months ended June 30, 2022 and 2021. Three Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2022 2021 2022 2021 Cross currency swaps $ 52 $ (5) Interest expense, net $ 7 $ 11 Euro-denominated notes (foreign denominated debt) 6 — N/A — — Sterling notes (foreign denominated debt) 41 (3) N/A — — Total $ 99 $ (8) $ 7 $ 11 Six Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2022 2021 2022 2021 Cross currency swaps $ 71 $ 47 Interest expense, net $ 22 $ 21 Euro denominated notes (foreign denominated debt) 6 — N/A — — Sterling notes (foreign denominated debt) 54 (8) N/A — — Total $ 131 $ 39 $ 22 $ 21 The following table presents the pretax gains (losses) on derivatives not designated as hedges and recognized in other (expense) income, net in the consolidated statements of operations (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Interest rate swaps $ — $ — $ 512 $ — Cross-currency swaps 7 1 7 6 Foreign exchange derivatives (31) (2) (46) (27) Total in other (expense) income, net $ (24) $ (1) $ 473 $ (21)

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified in the following three categories: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 – Valuations derived from techniques in which one or more significant inputs are unobservable. The tables below present assets and liabilities measured at fair value on a recurring basis (in millions). June 30, 2022 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 39 $ — $ 39 Equity securities: Money market fund Cash and cash equivalents 2 — — 2 Mutual funds Prepaid expenses and other current assets 26 — — 26 Mutual funds Other noncurrent assets 231 — — 231 Company-owned life insurance contracts Other noncurrent assets — 100 — 100 Total $ 259 $ 139 $ — $ 398 Liabilities Deferred compensation plan Accrued liabilities $ 52 $ — $ — $ 52 Deferred compensation plan Other noncurrent liabilities 615 — — 615 Total $ 667 $ — $ — $ 667 December 31, 2021 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 426 $ — $ 426 Equity securities: Money market funds Cash and cash equivalents 425 — — 425 Mutual funds Prepaid expenses and other current assets 12 — — 12 Company-owned life insurance contracts Prepaid expenses and other current assets — 1 — 1 Mutual funds Other noncurrent assets 215 — — 215 Company-owned life insurance contracts Other noncurrent assets — 32 — 32 Total $ 652 $ 459 $ — $ 1,111 Liabilities Deferred compensation plan Accrued Liabilities $ 21 $ — $ — $ 21 Deferred compensation plan Other noncurrent liabilities 238 — — 238 Total $ 259 $ — $ — $ 259 Equity securities include money market funds, time deposits, investments in mutual funds held in separate trusts, which are owned as part of the Company's supplemental retirement plans, and company-owned life insurance contracts. The fair value of Level 1 equity securities was determined by reference to the quoted market price per share in active markets multiplied by the number of shares held without consideration of transaction costs. The fair value of the deferred compensation plan liability was determined based on the fair value of the related investments elected by employees. Changes in the fair value of the investments are recorded in other (expense) income, net and changes in the deferred compensation liability are recorded in selling, general and administrative expense. Company-owned life insurance contracts are recorded at their cash surrender value, which approximates fair value (Level 2). In addition to the financial instruments listed in the tables above, the Company has other financial instruments, including cash deposits, accounts receivable, accounts payable, term loans, and senior notes. The carrying values for such financial instruments, other than the senior notes, each approximated their fair values as of June 30, 2022 and December 31, 2021. The estimated fair value of the Company’s outstanding senior notes using quoted prices from over-the-counter markets, considered Level 2 inputs, was $42.1 billion and $17.2 billion as of June 30, 2022 and December 31, 2021, respectively.

Share-based Compensation

Share-based Compensation	6 Months Ended
Share-based Compensation	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION The Company has various incentive plans under which performance-based restricted stock units ("PRSUs"), service-based restricted stock units ("RSUs"), stock options, and stock appreciation rights ("SARs") have been issued. In connection with the Merger, AT&T RSUs subject to time based vesting held by WM employees were replaced with WBD RSUs granted on comparable terms upon closing of the Merger, increasing RSU expense, grants and unrecognized compensation expense for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021. The table below presents the components of share-based compensation expense (in millions), which is recorded in selling, general and administrative expense in the consolidated statements of operations. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 PRSUs $ (1) $ (7) $ 2 $ 12 RSUs $ 128 $ 29 $ 166 $ 51 Stock options $ 23 $ 16 $ 41 $ 26 SARs $ — $ (7) $ 1 $ 6 Total share-based compensation expense $ 150 $ 31 $ 210 $ 95 Tax benefit recognized $ 31 $ 7 $ 40 $ 15 The table below presents awards granted (in millions, except weighted-average grant price). Six Months Ended June 30, 2022 Awards Weighted-Average Grant Price Awards granted: PRSUs 0.4 $ 28.11 RSUs 30.1 $ 24.75 Stock options 0.4 $ 32.90 The table below presents unrecognized compensation cost related to non-vested share-based awards and the weighted-average amortization period over which these expenses will be recognized as of June 30, 2022 (in millions, except years). Unrecognized Compensation Cost Weighted-Average Amortization Period PRSUs $ 3 0.5 RSUs 696 2.3 Stock options 188 3.8 Total unrecognized compensation cost $ 887

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax balances as of June 30, 2022 are inclusive of the WM Business as a result of the Merger. Income tax benefit was $836 million and $635 million for the three and six months ended June 30, 2022, respectively, and income tax expense was $2 million and $108 million for the three and six months ended June 30, 2021, respectively. The decrease in the three months ended June 30, 2022 was primarily attributable to a decrease in pre-tax book income, partially offset by an unfavorable tax adjustment related to the preferred stock conversion transaction expense discussed in Note 2, which was not deductible for tax purposes, and a deferred tax benefit of $162 million recorded in the three months ended June 30, 2021 as a result of the UK Finance Act 2021 that was enacted in June 2021. Income tax benefit for the three and six months ended June 30, 2022 reflects an effective income tax rate that differs from the federal statutory tax rate primarily attributable to the effect of foreign operations, which included taxation and allocation of income and losses among multiple foreign jurisdictions, state and local income taxes, and the non-tax deductible preferred stock conversion transaction expense discussed above. On April 8, 2022, the Company completed its merger with the WM business. In connection with the merger, the Company entered into a tax matters agreement (“TMA”) with AT&T. Pursuant to the TMA, the Company is responsible for tax liabilities related to the periods prior to AT&T's ownership of the business (June 14, 2018), and AT&T is responsible for tax liabilities related to the period for which they owned the business (June 15, 2018 through April 8, 2022). The Company is fully indemnified by AT&T for any tax liabilities arising for the period June 15, 2018 through April 8, 2022. As of June 30, 2022, the Company has recorded reserves for uncertain tax positions and the associated interest and penalties payable related to WM of $860 million and $187 million, respectively, through purchase accounting. Indemnification receivables of $286 million were also recorded during the three months ended June 30, 2022. With respect to uncertain tax positions related to jurisdictions that have joint and several liability among members of the AT&T tax filing group during the AT&T ownership period, the Company recognizes only the amount they expect to pay to the taxing authorities after considering the contractual indemnification agreement with AT&T and AT&T’s ability to settle any disputed positions with the taxing authorities. As of June 30, 2022, the Company has not recorded any liabilities for uncertain tax positions or indemnification receivables related to matters that were attributable to jurisdictions that have joint and several liability among members of the AT&T filing group since AT&T was determined to be the primary obligor. As of June 30, 2022 and December 31, 2021, the Company's reserves for uncertain tax positions totaled $1,386 million and $420 million, respectively. The increase in the reserve for uncertain tax positions at June 30, 2022 is primarily attributable to the Merger. It is reasonably possible that the total amount of unrecognized tax benefits related to certain of the Company's uncertain tax positions could decrease by as much as $256 million within the next twelve months as a result of ongoing audits, lapses of statutes of limitations or regulatory developments. As of June 30, 2022 and December 31, 2021, the Company had accrued approximately $258 million and $60 million, respectively, of total interest and penalties payable related to unrecognized tax benefits. The increase in the accrual for interest and penalties payable at June 30, 2022 is primarily attributable to the Merger. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense.

Benefit Plans

Benefit Plans	6 Months Ended
Benefit Plans	Jun. 30, 2022
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS The Company has a defined benefit pension plan that covers certain U.S.-based employees and a non-qualified unfunded Supplemental Executive Retirement Plan that provides defined pension benefits to eligible executives. In connection with the Merger, the Company also assumed four additional U.S. nonqualified pension plans that are noncontributory and unfunded and several non-U.S. pension plans. The four U.S. plans consist of the Time Warner Excess Benefit Plan (the “Excess plan”), the Retirement Accumulation Plan (“RAP”), the Supplemental Executive Retirement Plan (“SERP”) and the Wealth Accumulation Plan (“WAP”) (together, the “U.S. Nonqualified Plans”). The U.S. Nonqualified Plans were closed to new entrants during 2010. The Excess plan and RAP are both frozen to new benefit accruals. SERP and WAP only have retirees remaining. The pension formula for the Excess plan captured pay above compensation limits or benefit limits. RAP is a cash balance type formula and now provides only interest credits. The Company also holds net assets and net liabilities on behalf of other U.S. and non-U.S. pension plans. The plan provisions vary by plan and by country. Some of these plans are unfunded and all are noncontributory. Obligations and Funded Status For all of the acquired defined benefit pension plans, the benefit obligation is the projected benefit obligation, the actuarial present value, as of our April 8, 2022 measurement date, of all benefits attributed by the pension benefit formula to employee service rendered to that date. The amount of benefits to be paid depends on a number of future events incorporated into the pension benefit formula, including estimates of the average life of employees and their beneficiaries and average years of service rendered. It is measured based on assumptions concerning future interest rates and future employee compensation levels, as applicable. The unfunded status of the acquired U.S. Nonqualified Plans as of April 8, 2022 was a liability of $278 million. The unfunded status represents a pension benefit obligation of $278 million, with no plan assets. The funded status of the acquired non-U.S. pension plans as of April 8, 2022 was a net asset of $146 million. The funded status represents a pension benefit obligation of $659 million less the fair value of the plan assets of $805 million. Total assets (liabilities) recognized for all acquired pension plans on our consolidated balance sheets were as follows (in millions). April 8, 2022 Plan assets, net $ 200 Current portion of employee benefit obligation (27) Noncurrent portion of employee benefit obligation (305) Net amount recognized $ (132) Net Periodic Pension Cost The service cost component of net periodic pension cost is recorded in operating expenses in the consolidated statements of operations, while the remaining components are recorded in other (expense) income, net. Net periodic pension cost was not material for the three and six months ended June 30, 2022 and 2021. Assumptions In determining the projected benefit obligation and the net pension and postretirement benefit cost for the acquired plans, the Company used the following significant weighted-average assumptions. April 8, 2022 U.S. Nonqualified Plans Non-U.S. Pension Plans Discount rate 3.89 % 2.51 % Long-term rate of return on plan assets N/A 1.61 % Rate of compensation increases N/A 5.82 %

Supplemental Disclosures

Supplemental Disclosures	6 Months Ended
Supplemental Disclosures	Jun. 30, 2022
Disclosure Text Block Supplement [Abstract]
SUPPLEMENTAL DISCLOSURES	SUPPLEMENTAL DISCLOSURES The following tables present supplemental information related to the consolidated financial statements (in millions). Accrued Liabilities Accrued liabilities consisted of the following (in millions): June 30, 2022 December 31, 2021 Accrued participation and residuals $ 3,007 $ — Accrued production 1,461 4 Content rights payable 1,453 772 Accrued payroll and related benefits 1,432 533 Other accrued liabilities 2,926 921 Total accrued expenses and other current liabilities $ 10,279 $ 2,230 Other (Expense) Income, net Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Foreign currency (losses) gain, net $ (81) $ (5) $ (70) $ 47 (Losses) gains on derivative instruments, net (24) (1) 473 (21) Change in the value of investments with readily determinable fair value (70) 29 (90) 46 Gain on sale of equity method investments 133 (1) 133 4 Change in fair value of equity investments without readily determinable fair value — 81 — 81 Other (expense) income, net (9) 2 (7) 16 Total other (expense) income, net $ (51) $ 105 $ 439 $ 173 Supplemental Cash Flow Information Six Months Ended June 30, 2022 2021 Cash paid for taxes, net $ 442 $ 249 Cash paid for interest, net 390 337 Non-cash investing and financing activities: Equity issued for the acquisition of WarnerMedia 42,309 — Accrued purchases of property and equipment 47 32 Assets acquired under finance lease and other arrangements 27 50 Cash, Cash Equivalents, and Restricted Cash June 30, 2022 December 31, 2021 Cash and cash equivalents $ 2,575 $ 3,905 Restricted cash - recorded in prepaid expenses and other current assets (1) 1,321 — Total cash, cash equivalents, and restricted cash $ 3,896 $ 3,905 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables program. (See Note 7.) Other Comprehensive Income (Loss) Adjustments The table below presents the tax effects related to each component of other comprehensive income (loss) and reclassifications made in the consolidated statements of operations (in millions). Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Pretax Tax benefit (expense) Net-of-tax Pretax Tax benefit (expense) Net-of-tax Currency translation adjustments: Unrealized gains (losses): Foreign currency $ (560) $ 2 $ (558) $ 121 $ (2) $ 119 Net investment hedges 97 (27) 70 (13) 2 (11) Total currency translation adjustments (463) (25) (488) 108 — 108 Derivative adjustments: Unrealized (losses) gains (7) — (7) (141) 29 (112) Reclassifications from other comprehensive income to net income (15) 4 (11) (1) 1 — Total derivative adjustments (22) 4 (18) (142) 30 (112) Other comprehensive (loss) income adjustments $ (485) $ (21) $ (506) $ (34) $ 30 $ (4) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Pretax Tax benefit (expense) Net-of-tax Pretax Tax benefit Net-of-tax Currency translation adjustments: Unrealized (losses) gains: Foreign currency $ (665) $ 2 $ (663) $ (109) $ 14 $ (95) Net investment hedges 119 (41) 78 29 7 36 Reclassifications: Loss on disposition (2) — (2) — — — Total currency translation adjustments (548) (39) (587) (80) 21 (59) Derivative adjustments: Unrealized (losses) gains (20) 1 (19) 156 (33) 123 Reclassifications from other comprehensive income to net income (21) 4 (17) 2 — 2 Total derivative adjustments (41) 5 (36) 158 (33) 125 Other comprehensive (loss) income adjustments $ (589) $ (34) $ (623) $ 78 $ (12) $ 66 Accumulated Other Comprehensive Loss The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions). Three Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (944) $ 10 $ (13) $ (947) Other comprehensive income (loss) before reclassifications (488) (7) — (495) Reclassifications from accumulated other comprehensive loss to net income — (11) — (11) Other comprehensive income (loss) (488) (18) — (506) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Three Months Ended June 30, 2021 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (722) $ 156 $ (15) $ (581) Other comprehensive income (loss) 108 (112) — (4) Ending balance $ (614) $ 44 $ (15) $ (585) Six Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (845) $ 28 $ (13) $ (830) Other comprehensive (loss) before reclassifications (585) (19) — (604) Reclassifications from accumulated other comprehensive loss to net income (2) (17) — (19) Other comprehensive (loss) (587) (36) — (623) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Six Months Ended June 30, 2021 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (555) $ (81) $ (15) $ (651) Other comprehensive (loss) income before reclassifications (59) 123 — 64 Reclassifications from accumulated other comprehensive loss to net income — 2 — 2 Other comprehensive (loss) income (59) 125 — 66 Ending balance $ (614) $ 44 $ (15) $ (585)

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the normal course of business, the Company enters into transactions with related parties. Related parties include entities that share common directorship, such as Liberty Global plc (“Liberty Global”), Liberty Broadband Corporation ("Liberty Broadband") and their subsidiaries and equity method investees (collectively the “Liberty Group”). The Company’s Board of Directors includes Dr. Malone, who is Chairman of the Board of Liberty Global and beneficially owns approximately 30% of the aggregate voting power with respect to the election of directors of Liberty Global. Dr. Malone is also Chairman of the Board of Liberty Broadband and beneficially owns approximately 47% of the aggregate voting power with respect to the election of directors of Liberty Broadband. The majority of the revenue earned from the Liberty Group relates to multi-year network distribution arrangements. Related party transactions also include revenues and expenses for content and services provided to or acquired from equity method investees, or minority partners of consolidated subsidiaries. The table below presents a summary of the transactions with related parties (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenues and service charges: Liberty Group $ 535 $ 165 $ 693 $ 340 Equity method investees 179 68 237 124 Other 156 24 189 51 Total revenues and service charges $ 870 $ 257 $ 1,119 $ 515 Expenses $ (166) $ (57) $ (242) $ (114) Distributions to noncontrolling interests and redeemable noncontrolling interests $ (40) $ (30) $ (264) $ (213) The table below presents receivables due from and payables due to related parties (in millions). June 30, 2022 December 31, 2021 Receivables $ 821 $ 172 Payables $ 38 $ 23

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments In the normal course of business, the Company enters into various commitments, which primarily include programming, film licensing, talent arrangements and other agreements, operating and finance leases (see Note 11), arrangements to purchase various goods and services, long-term debt (see Note 10) and future funding commitments to equity method investees (in millions). Long-Term Debt Year Ending December 31, Content Other Purchase Obligations Pension and Other Employee Obligations Principal Interest Total 2022 (remaining six months) $ 5,658 $ 1,148 $ 321 $ — $ 1,133 $ 8,260 2023 6,468 932 463 1,349 2,243 11,455 2024 5,223 463 225 4,271 2,159 12,341 2025 3,807 289 100 9,647 1,863 15,706 2026 2,512 105 67 790 1,729 5,203 Thereafter 10,880 101 232 36,702 27,487 75,402 Total $ 34,548 $ 3,038 $ 1,408 $ 52,759 $ 36,614 $ 128,367 Content purchase obligations include commitments and liabilities associated with third-party producers and sports associations for content that airs on our television networks. Production contracts generally require purchase of a specified number of episodes, and/or payments over the term of the license, and include both programs that have been delivered and are available for airing and programs that have not yet been produced or sporting events that have not yet taken place. If the content is ultimately never produced, our commitments expire without obligation. The commitments disclosed above exclude content liabilities recognized on the consolidated balance sheets. Other purchase obligations include agreements with certain vendors and suppliers for the purchase of goods and services whereby the underlying agreements are enforceable, legally binding and specify all significant terms. Significant purchase obligations include transmission services, television rating services, marketing commitments and research, equipment purchases, and information technology and other services. Some of these contracts do not require the purchase of fixed or minimum quantities and generally may be terminated with a 30-day to 60-day advance notice without penalty, and are not included in the table above past the 30-day to 60-day advance notice period. Other purchase obligations also include future funding commitments to equity method investees. Although the Company had funding commitments to equity method investees as of June 30, 2022, the Company may also provide uncommitted additional funding to its equity method investments in the future. (See Note 9.) Pension and other employee obligations include payments to meet minimum funding requirements of our pension plans in 2022, estimated benefit payments for our SERP that exceed plan assets, and employment agreements primarily with creative talent for the WM broadcast networks. Payments for the SERP have been estimated over a ten Six Flags Guarantee In connection with WM’s former investment in the Six Flags (as defined below) theme parks located in Georgia and Texas (collectively, the “Parks”), in 1997, certain subsidiaries of the Company agreed to guarantee (the “Six Flags Guarantee”) certain obligations of the partnerships that hold the Parks (the “Partnerships”) for the benefit of the limited partners in such Partnerships, including, annual payments made to the Parks or to the limited partners and additional obligations at the end of the respective terms for the Partnerships in 2027 and 2028 (the “Guaranteed Obligations”). The aggregate gross undiscounted estimated future cash flow requirements covered by the Six Flags Guarantee over the remaining term (through 2028) are $544 million. To date, no payments have been made by us pursuant to the Six Flags Guarantee. Six Flags Entertainment Corporation (formerly known as Six Flags, Inc. and Premier Parks Inc.) (“Six Flags”), which has the controlling interest in the Parks, has agreed, pursuant to a subordinated indemnity agreement (the “Subordinated Indemnity Agreement”), to guarantee the performance of the Guaranteed Obligations when due and to indemnify the Company, among others, if the Six Flags Guarantee is called upon. If Six Flags defaults on its indemnification obligations, we have the right to acquire control of the managing partner of the Parks. Six Flags’ obligations to us are further secured by its interest in all limited partnership units held by Six Flags. Based on our evaluation of the current facts and circumstances surrounding the Guaranteed Obligations and the Subordinated Indemnity Agreement, the Company is unable to predict the loss, if any, that may be incurred under the Guaranteed Obligations, and no liability for the arrangements has been recognized as of June 30, 2022. Because of the specific circumstances surrounding the arrangements, and the fact that no active or observable market exists for this type of financial guarantee, the Company is unable to determine a current fair value for the Guaranteed Obligations and related Subordinated Indemnity Agreement. Contingencies Other Contingent Commitments Other contingent commitments primarily include contingent payments for post-production term advance obligations on certain co-financing arrangements, as well as operating lease commitment guarantees, letters of credit, bank guarantees and surety bonds, which generally support performance and payments for a wide range of global contingent and firm obligations, including insurance, litigation appeals, real estate leases and other operational needs. The Company's other contingent commitments at June 30, 2022 were $258 million, with $251 million estimated due in 2026. For other contingent commitments where payment obligations are outside our control, the timing of amounts represents the earliest period in which the payment could be requested. For the remaining other contingent commitments, the timing of amounts presented represents when the maximum contingent commitment will expire but does not mean that we expect to incur an obligation to make any payments within that time period. In addition, these amounts do not reflect the effects of any indemnification rights we might possess. Put Rights The Company has granted put rights to non-controlling interest holders in certain consolidated subsidiaries. Legal Matters

Reportable Segments

Reportable Segments	6 Months Ended
Reportable Segments	Jun. 30, 2022
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS The Company’s operating segments are determined based on: (i) financial information reviewed by its chief operating decision maker, the Chief Executive Officer (“CEO”), (ii) internal management and related reporting structure, and (iii) the basis upon which the CEO makes resource allocation decisions. In conjunction with the Merger, the Company reevaluated and changed its segment presentation and reportable segments during the quarter ended June 30, 2022. As of June 30, 2022, we classified our operations in three reportable segments: Studios, primarily consisting of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and our networks/DTC services, distribution of our films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming; Networks, consisting primarily of our domestic and international television networks; and DTC, consisting primarily of our premium pay TV and digital content services. Goodwill was reallocated to the new segments based on relative fair value. Prior periods have been recast to conform to the current period presentation. The accounting policies of the reportable segments are the same as the Company’s, except that certain inter-segment transactions that are eliminated for consolidation are not eliminated at the segment level. Inter-segment transactions primarily include advertising and content licenses. The Company records inter-segment transactions of content licenses at the gross amount. Prior year amounts have been recast to reflect the current presentation. The Company does not report assets by segment because it is not used to allocate resources or evaluate segment performance. The Company evaluates the operating performance of its operating segments based on financial measures such as revenues and Adjusted EBITDA. Adjusted EBITDA is defined as operating income excluding: • employee share-based compensation; • depreciation and amortization; • restructuring, facility consolidation, and other charges; • certain impairment charges; • gains and losses on business and asset dispositions; • certain inter-segment eliminations; • third-party transaction and integration costs; • amortization of purchase accounting fair value step-up for content; • amortization of capitalized interest for content; and • other items impacting comparability. The Company uses this measure to assess the operating results and performance of its segments, perform analytical comparisons, identify strategies to improve performance, and allocate resources to each segment. The Company believes Adjusted EBITDA is relevant to investors because it allows them to analyze the operating performance of each segment using the same metric management uses. The Company excludes employee share-based compensation, restructuring and other charges, certain impairment charges, gains and losses on business and asset dispositions, and transaction and integration costs from the calculation of Adjusted EBITDA due to their impact on comparability between periods. The Company also excludes the depreciation of fixed assets and amortization of intangible assets, amortization of purchase accounting fair value step-up for content, and amortization of capitalized interest for content, as these amounts do not represent cash payments in the current reporting period. Certain corporate expenses and inter-segment eliminations related to production studios are excluded from segment results to enable executive management to evaluate segment performance based upon the decisions of segment executives. Adjusted EBITDA should be considered in addition to, but not a substitute for, operating income, net income, and other measures of financial performance reported in accordance with U.S. GAAP. The tables below present summarized financial information for each of the Company's reportable segments and corporate, and inter-segment eliminations (in millions). Revenues Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 2,796 $ 2 $ 2,801 $ 7 Networks 5,742 2,844 8,615 5,504 DTC 2,225 216 2,506 343 Corporate 13 — 13 — Inter-segment eliminations (949) — (949) — Total revenues $ 9,827 $ 3,062 $ 12,986 $ 5,854 Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 239 $ 2 $ 242 $ 4 Networks 2,262 1,538 3,617 2,947 DTC (518) (329) (745) (819) Corporate (305) (94) (409) (178) Inter-segment eliminations (14) — (14) — Adjusted EBITDA $ 1,664 $ 1,117 $ 2,691 $ 1,954 Reconciliation of Net (Loss) Income available to Warner Bros. Discovery, Inc. to Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (loss) income available to Warner Bros. Discovery, Inc. $ (3,418) $ 672 $ (2,962) $ 812 Net income attributable to redeemable noncontrolling interests 3 8 6 13 Net income attributable to noncontrolling interests 7 38 23 84 Income tax (benefit) expense (836) 2 (635) 108 (Loss) income before income taxes (4,244) 720 (3,568) 1,017 Other expense (income), net 51 (105) (439) (173) Loss from equity investees, net 43 7 57 11 Interest expense, net 511 157 664 320 Operating (loss) income (3,639) 779 (3,286) 1,175 Loss (gain) on disposition 4 (72) 4 (72) Restructuring and other charges 1,033 7 1,038 22 Depreciation and amortization 2,266 341 2,791 702 Employee share-based compensation 147 27 204 88 Transaction and integration costs 983 35 1,070 39 Amortization of fair value step-up for content 870 — 870 — Adjusted EBITDA $ 1,664 $ 1,117 $ 2,691 $ 1,954

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS During July and August 2022, the Company repaid $1.3 billion of aggregate principal amount outstanding of its term loan due April 2025. Additionally, during August 2022, the Company issued $300 million of commercial paper. In August 2022, the Company, DCL, Scripps Networks, and WMH entered into Amendment 2 to DCL Revolving Credit Agreement and Amendment 1 to WMH Term Loan Credit Agreement to amend the definition of “Consolidated EBITDA” to add back certain cash restructuring costs, charges or expenses subject to a cap equal to 15% of Consolidated EBITDA (prior to giving effect to such add-back).

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Segments	Segments In conjunction with the Merger, the Company reevaluated and changed its segment presentation during the quarter ended June 30, 2022. Accordingly, beginning in the quarter ended June 30, 2022, and for all periods presented, we are reporting results based on the following segments: Studios - Our Studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and our networks/DTC services, distribution of our films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. Networks - Our Networks segment primarily consists of our domestic and international television networks. Direct-to-consumer (“DTC”) - Our DTC segment primarily consists of our premium pay TV and digital content services.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries in which a controlling interest is maintained, including variable interest entities (“VIE”) for which the Company is the primary beneficiary. Intercompany accounts and transactions between consolidated entities have been eliminated.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments consisting only of normal recurring adjustments necessary to state fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. GAAP applicable to interim periods. The results of operations for the interim periods presented are not necessarily indicative of results for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”).
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include accounting for asset impairments, revenue recognition, estimated credit losses, content rights, leases, depreciation and amortization, business combinations, share-based compensation, income taxes, other financial instruments, contingencies, estimated defined benefit plan liabilities, and the determination of whether the Company should consolidate certain entities.
Film and Television Content Rights	Film and Television Content Rights The Company groups its film and television content rights by monetization strategy. For films and television programs predominantly monetized individually, the amount of capitalized film and television production costs and the amount of participations and residuals to be recognized as expense in a particular period are determined using the individual film forecast method. Under this method, the amortization of capitalized costs and the accrual of participations and residuals are based on the proportion of the film’s or television program’s revenues recognized for such period to the film’s or television program’s estimated remaining ultimate revenues (i.e., the total revenue to be received throughout a film’s or television program’s remaining life cycle). The process of estimating ultimate revenues requires us to make a series of judgments related to future revenue-generating activities associated with a particular film. Prior to the theatrical release of a film, our estimates are based on factors such as the historical performance of similar films, the star power of the lead actors, the rating and genre of the film, pre-release market research (including test market screenings), international distribution plans and the expected number of theaters in which the film will be released. Subsequent to release, ultimate revenues are updated to reflect initial performance, which is often predictive of future performance. For a film or television program that is predominantly monetized on its own but also monetized with other films and/or programs (such as our DTC or linear services), we make a reasonable estimate of the value attributable to the film or program’s exploitation while monetized with other films/programs and expense such costs as the film or television program is exhibited. For theatrical films, the period over which ultimate revenues from all applicable sources and exhibition windows are estimated does not exceed 10 years from the date of the film’s initial release. For television programs, the ultimate period does not exceed 10 years from delivery of the first episode, or, if still in production, five years from delivery of the most recent episode, if later. Ultimates for produced content monetized on an individual basis are reviewed and updated (as applicable) on a quarterly basis; any adjustments are applied prospectively as of the beginning of the fiscal year of the change. For programs monetized as a group, including licensed programming, the Company’s film groups are generally aligned along the Company’s networks and digital content offerings, except for certain international territories wherein content assets are shared across the various networks in the territory and therefore, the territory is the film group. Amortization expense for each period is generally based on the revenue forecast model, which approximates the proportion that estimated distribution and advertising revenues for the current period represent in relation to the estimated remaining total lifetime revenues. Digital content and premium pay TV amortization for each period is recognized based on estimated viewing patterns as there are generally no direct revenues to associate to the individual content assets and therefore number of views is most representative of the use of the title. Licensed rights to film and television programming are typically amortized over the useful life of the program’s license period on a straight-line basis (or per-play basis, if greater, for certain programming on our ad-supported networks), or accelerated basis for licensed original programs. Quarterly, the Company prepares analyses to support its content amortization expense. Critical assumptions used in determining content amortization for programming predominately monetized as a group include: (i) the grouping of content with similar characteristics, (ii) the application of a quantitative revenue forecast model or viewership model based on the adequacy of historical data, (iii) determining the appropriate historical periods to utilize and the relative weighting of those historical periods in the forecast model, and (iv) incorporating secondary streams. The Company then considers the appropriate application of the quantitative assessment given forecasted content use, expected content investment and market trends. Content use and future revenues may differ from estimates based on changes in expectations related to market acceptance, network affiliate fee rates, advertising demand, the number of cable and satellite television subscribers receiving the Company’s networks, the number of subscribers to its digital services, and program usage. Accordingly, the Company continually reviews its estimates and planned usage and revises its assumptions if necessary. Any material adjustments from the Company’s review of the amortization rates for assets in film groups are applied prospectively in the period of the change. Unamortized film costs are tested for impairment whenever events or changes in circumstances indicate that the fair value of a film (or television program) predominately monetized on its own, or a film group, may be less than its unamortized costs. In addition, a change in the predominant monetization strategy is considered a triggering event for impairment testing before a title is accounted for as part of a film group. If the carrying value of an individual feature film or television program, or film group, exceeds the estimated fair value, an impairment charge will be recorded in the amount of the difference. For content that is predominately monetized individually, we utilize estimates including ultimate revenues and additional costs to be incurred (including exploitation and participation costs), in order to determine whether the carrying value of a film or television program is impaired. Game development costs are expensed as incurred before the applicable games reach technological feasibility, or for online hosted arrangements, before the preliminary project phase is complete and it is probable the project will be completed and the software will be used to perform the function intended. Upon release, the capitalized game development costs are amortized based on the proportion of the game’s revenues recognized for such period to the game’s total current and anticipated revenues. Unamortized capitalized game production and development costs are stated at the lower of cost, less accumulated amortization, or net realizable value and reported in “Film and television content rights and games, net” on the consolidated balance sheets.
Inventory	InventoryInventory is comprised primarily of DVDs, Blu-ray Discs and game units and is stated at the lower of cost or net realizable value in prepaid expenses and other current assets on the consolidated balance sheets. Cost is determined using the average cost method for the majority of our inventory, with the remaining inventory valued using the standard cost method, which approximates average cost. Returned goods included in inventory are valued at estimated realizable value, but not in excess of cost. The Company periodically reviews its inventory for excess and obsolete inventory.
Defined Benefit Plan	Defined Benefit Plan The Company maintains a defined benefit pension plan covering certain employees. Defined benefit plan obligations are based on various assumptions used by our actuaries in calculating these amounts. These assumptions include discount rates, compensation rate increases, expected return on plan assets, retirement rates and mortality rates. Actual results that differ from the assumptions and changes in assumptions could affect future expenses and obligations.
Accounting and Reporting Pronouncements Adopted	Accounting and Reporting Pronouncements Adopted LIBOR In March 2020, the Financial Accounting Standards Board (“FASB”) issued guidance providing optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions associated with the expected market transition away from the London Interbank Offered Rate and other interbank offered rates to alternative reference rates. The guidance is for March 12, 2020 through December 31, 2022 and may not be applied to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The Company applied the relevant provisions of the guidance to hedge relationships that were subsequently terminated in the first quarter of 2022. Convertible Instruments In August 2020, the FASB issued guidance simplifying the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. This guidance amends the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions, requires the use of the if-converted method for calculating earnings per share for convertible instruments, and makes targeted improvements to the disclosures for convertible instruments and related earnings per share guidance. The Company adopted the guidance effective January 1, 2022, and there was no material impact on its consolidated financial statements. Accounting and Reporting Pronouncements Not Adopted Government Assistance In November 2021, the FASB issued guidance requiring disclosure for transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy to other guidance. The annual disclosures include terms and conditions, accounting treatment and impacted financial statement lines reflecting the impact of the transactions. The guidance is effective for annual periods beginning after December 15, 2021. The Company is currently assessing the impact this guidance will have on its consolidated financial statements and related disclosures.
Fair Value Measurements	Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified in the following three categories: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 – Valuations derived from techniques in which one or more significant inputs are unobservable.
Derivatives	The Company uses derivative financial instruments to modify its exposure to market risks from changes in foreign currency exchange rates and interest rates. The Company does not enter into or hold derivative financial instruments for speculative trading purposes.

Description of Business and B_3

Description of Business and Basis of Presentation (Tables)	6 Months Ended
Description of Business and Basis of Presentation (Tables)	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Inventory, Current	The Company's inventory consisted of the following (in millions). June 30, 2022 December 31, 2021 Raw materials $ 6 $ — Work in process 6 — Finished goods 127 1 Total inventory $ 139 $ 1

Equity and Earnings Per Share (

Equity and Earnings Per Share (Tables)	6 Months Ended
Equity and Earnings Per Share (Tables)	Jun. 30, 2022
Equity And Earnings Per Share [Abstract]
Schedule of Weighted Average Basic And Diluted Shares Outstanding	The table below sets forth the Company's calculated earnings per share. Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net (loss) income $ (3,408) $ 718 $ (2,933) $ 909 Less: Allocation of undistributed income to Series A-1 convertible preferred stock — (72) (49) (87) Net income attributable to noncontrolling interests (7) (38) (23) (84) Net income attributable to redeemable noncontrolling interests (3) (8) (6) (13) Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net income per share $ (3,418) $ 600 $ (3,011) $ 725 Add: Allocation of undistributed income to Series A-1 convertible preferred stockholders $ — $ 72 $ — $ 87 Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for diluted net income per share $ (3,418) $ 672 $ (3,011) $ 812 Denominator — weighted average: Common shares outstanding — basic 2,286 589 1,443 587 Impact of assumed preferred stock conversion — 71 — 71 Dilutive effect of share-based awards — 4 — 8 Common shares outstanding — diluted 2,286 664 1,443 666 Basic net (loss) income per share allocated to common stockholders $ (1.50) $ 1.02 $ (2.09) $ 1.23 Diluted net (loss) income per share allocated to common stockholders $ (1.50) $ 1.01 $ (2.09) $ 1.22
Schedule of Basic And Diluted Earnings per Share	The table below sets forth the Company's calculated earnings per share. Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net (loss) income $ (3,408) $ 718 $ (2,933) $ 909 Less: Allocation of undistributed income to Series A-1 convertible preferred stock — (72) (49) (87) Net income attributable to noncontrolling interests (7) (38) (23) (84) Net income attributable to redeemable noncontrolling interests (3) (8) (6) (13) Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net income per share $ (3,418) $ 600 $ (3,011) $ 725 Add: Allocation of undistributed income to Series A-1 convertible preferred stockholders $ — $ 72 $ — $ 87 Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for diluted net income per share $ (3,418) $ 672 $ (3,011) $ 812 Denominator — weighted average: Common shares outstanding — basic 2,286 589 1,443 587 Impact of assumed preferred stock conversion — 71 — 71 Dilutive effect of share-based awards — 4 — 8 Common shares outstanding — diluted 2,286 664 1,443 666 Basic net (loss) income per share allocated to common stockholders $ (1.50) $ 1.02 $ (2.09) $ 1.23 Diluted net (loss) income per share allocated to common stockholders $ (1.50) $ 1.01 $ (2.09) $ 1.22
Schedule of Income Available to Warner Bros. Discovery Stockholders	The table below sets forth the Company's calculated earnings per share. Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net (loss) income $ (3,408) $ 718 $ (2,933) $ 909 Less: Allocation of undistributed income to Series A-1 convertible preferred stock — (72) (49) (87) Net income attributable to noncontrolling interests (7) (38) (23) (84) Net income attributable to redeemable noncontrolling interests (3) (8) (6) (13) Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net income per share $ (3,418) $ 600 $ (3,011) $ 725 Add: Allocation of undistributed income to Series A-1 convertible preferred stockholders $ — $ 72 $ — $ 87 Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for diluted net income per share $ (3,418) $ 672 $ (3,011) $ 812 Denominator — weighted average: Common shares outstanding — basic 2,286 589 1,443 587 Impact of assumed preferred stock conversion — 71 — 71 Dilutive effect of share-based awards — 4 — 8 Common shares outstanding — diluted 2,286 664 1,443 666 Basic net (loss) income per share allocated to common stockholders $ (1.50) $ 1.02 $ (2.09) $ 1.23 Diluted net (loss) income per share allocated to common stockholders $ (1.50) $ 1.01 $ (2.09) $ 1.22
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Anti-dilutive share-based awards 57 16 45 6

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
Acquisitions and Dispositions (Tables)	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Components of the Acquisition	The following table summarizes the components of the aggregate purchase consideration paid to acquire WM (in millions) and is subject to adjustments. Fair value of WBD common stock issued to AT&T shareholders (1) $ 42,309 Estimated fair value of share-based compensation awards attributable to pre-combination services (2) 94 Settlement of preexisting relationships (3) (27) Preliminary purchase consideration $ 42,376 (1) The fair value of WBD common stock issued to AT&T shareholders represents approximately 1,732 million shares of the Company’s common stock multiplied by the closing share price for Discovery Series A common stock of $24.43 on the Nasdaq on the Closing Date. The number of shares of WBD common stock issued in the Merger was determined based on the number of fully diluted shares of Discovery, Inc. common stock immediately prior to the closing of the Merger, multiplied by the quotient of 71%/29%. (2) This amount represents the value of AT&T restricted stock unit awards that were not vested and were replaced by WBD restricted stock unit awards with similar terms and conditions as the original AT&T awards. The conversion was based on the ratio of the volume-weighted average per share closing price of AT&T common stock on the ten trading days prior to the Closing Date and the volume-weighted average per share closing price of WBD common stock on the ten trading days following the Closing Date. The fair value of replacement equity-based awards attributable to pre-Merger service was recorded as part of the consideration transferred in the Merger. See Note 14 for additional information. (3) The amount represents the effective settlement of outstanding payables and receivables between the Company and WM. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred is presented in the table below (in millions). Preliminary Cash $ 2,419 Accounts receivable 4,224 Other current assets 4,619 Film and television library 28,729 Property and equipment 4,260 Goodwill 21,513 Intangible assets 44,889 Other noncurrent assets 5,206 Current liabilities (10,544) Debt assumed (41,671) Deferred income taxes (13,264) Other noncurrent liabilities (8,004) Total consideration paid $ 42,376
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The table below presents a summary of intangible assets acquired, exclusive of content assets, and the weighted average useful life of these assets. Fair Value Weighted Average Useful Life in Years Trade names $ 21,084 25 Affiliate, advertising and subscriber relationships 14,700 6 Franchises 7,900 35 Other intangible assets 1,205 Total intangible assets acquired $ 44,889
Schedule of Business Acquisition, Pro Forma Information	The following table presents WM revenue and earnings as reported within the consolidated financial statements (in millions). Three and Six Months Ended June 30, 2022 Revenues: Advertising $ 1,163 Distribution 3,526 Content 2,835 Other 208 Total revenues $ 7,732 Net loss available to Warner Bros. Discovery, Inc. $ (2,911) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenues $ 10,823 $ 11,211 $ 22,264 $ 21,933 Net loss available to Warner Bros. Discovery, Inc. (2,151) (341) (2,437) (1,912)
Summary of Fair Value Categories	The following are the preliminary fair value approaches followed: Category Valuation Method Trade names Relief from royalty method of the income approach Film and TV content library Multi-period excess earnings method of the income approach; net book value Affiliate contracts Multi-period excess earnings method of the income approach Franchises Multi-period excess earnings method of the income approach Other intangible assets Multi-period excess earnings method of the income approach Licensed content Net book value method Licensed sports rights Differential method, a form of the incremental income approach In-place advertising networks With-or-without method, a form of the income approach Subscriber relationships Replacement cost method of the cost approach Real estate, property and equipment Cost approach or the income approach, which estimates the value of property based on the income it generates or the market approach, which determines values based on comparable assets purchased under similar conditions Current and noncurrent debt assumed comprising existing debt of WM, the Term Loan, and the Notes Quoted prices for identical or similar securities in active markets

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying value and changes in the carrying value of goodwill attributable to each reportable segment were as follows (in millions). U.S. International Studios Networks DTC Total December 31, 2021 $ 10,813 $ 2,099 $ — $ — $ — $ 12,912 Segment recast (See Note 20) (10,813) (2,059) — 10,555 2,317 — Acquisitions (See Note 3) — — 8,912 7,016 5,585 21,513 Foreign currency translation and other — (40) — (92) (20) (152) June 30, 2022 $ — $ — $ 8,912 $ 17,479 $ 7,882 $ 34,273
Schedule of Finite-Lived Intangible Assets	Finite-lived intangible assets consisted of the following (in millions, except years). Weighted June 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Trademarks and trade names 32 $ 22,918 $ (1,064) $ 21,854 $ 1,716 $ (858) $ 858 Customer relationships 8 24,029 (6,307) 17,722 9,433 (4,303) 5,130 Franchises 35 7,900 (51) 7,849 — — — Character rights 14 995 (16) 979 — — — Other 6 569 (249) 320 395 (227) 168 Total $ 56,411 $ (7,687) $ 48,724 $ 11,544 $ (5,388) $ 6,156
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Amortization expense relating to intangible assets subject to amortization for each of the next five years and thereafter is estimated to be as follows (in millions). Remaining 2022 2023 2024 2025 2026 Thereafter Amortization expense $ 3,790 $ 6,497 $ 4,976 $ 3,600 $ 2,590 $ 27,271
Schedule of Indefinite-Lived Intangible Assets	Indefinite-lived intangible assets not subject to amortization (in millions): June 30, 2022 December 31, 2021 Trademarks $ — $ 161

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	6 Months Ended
Restructuring and Other Charges (Tables)	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs by Reportable Segment	Restructuring and other charges by reportable segments and corporate were as follows (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 200 $ — $ 200 $ — Networks 308 7 312 21 DTC 475 — 475 1 Corporate 50 — 51 — Total restructuring and other charges $ 1,033 $ 7 $ 1,038 $ 22
Schedule of Restructuring and Related Costs Changes in Exit Liabilities	Changes in restructuring and other liabilities recorded in accrued liabilities by major category and by reportable segment and corporate were as follows (in millions). U.S. Networks International Networks Studios Networks DTC Corporate Total December 31, 2021 $ 4 $ 13 $ — $ — $ — $ 2 $ 19 Segment recast (See Note 20) (4) (13) — 15 — 2 — Acquisitions (See Note 3) — — 40 — 14 55 109 Employee termination accruals, net — — 54 16 13 126 209 Cash paid — — (10) (6) (3) (15) (34) June 30, 2022 $ — $ — $ 84 $ 25 $ 24 $ 170 $ 303

Revenues (Tables)

Revenues (Tables)	6 Months Ended
Revenues (Tables)	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s revenues disaggregated by revenue source (in millions). Three Months Ended June 30, 2022 Studios Networks DTC Corporate Total Revenues: Advertising $ 10 $ 2,624 $ 96 $ (9) $ 2,721 Distribution 4 2,841 1,993 — 4,838 Content 2,636 220 132 (924) 2,064 Other 146 57 4 (3) 204 Total $ 2,796 $ 5,742 $ 2,225 $ (936) $ 9,827 Three Months Ended June 30, 2021 Studios Networks DTC Corporate Total Revenues: Advertising $ — $ 1,601 $ 33 $ — $ 1,634 Distribution — 1,132 180 — 1,312 Content 2 96 2 — 100 Other — 15 1 — 16 Total $ 2 $ 2,844 $ 216 $ — $ 3,062 Six Months Ended June 30, 2022 Studios Networks DTC Corporate Total Revenues: Advertising $ 10 $ 4,054 $ 142 $ (9) $ 4,197 Distribution 4 3,961 2,225 — 6,190 Content 2,641 536 134 (924) 2,387 Other 146 64 5 (3) 212 Total $ 2,801 $ 8,615 $ 2,506 $ (936) $ 12,986 Six Months Ended June 30, 2021 Studios Networks DTC Corporate Total Revenues: Advertising $ — $ 2,993 $ 50 $ — $ 3,043 Distribution — 2,281 289 — 2,570 Content 7 202 3 — 212 Other — 28 1 — 29 Total $ 7 $ 5,504 $ 343 $ — $ 5,854
Schedule of Contract Balances	The following table presents contract assets and liabilities on the consolidated balance sheets (in millions). Category Balance Sheet Location June 30, 2022 December 31, 2021 Contract Assets Prepaid expenses and other current assets $ 12 $ — Contract Assets Other noncurrent assets 26 — Contract Liabilities Deferred revenues 1,663 478 Contract Liabilities Other noncurrent liabilities 242 95

Sales of Receivables (Tables)

Sales of Receivables (Tables)	6 Months Ended
Sales of Receivables (Tables)	Jun. 30, 2022
Receivables [Abstract]
Transfer of Financial Assets Accounted for as Sales	The following table presents a summary of receivables sold (in millions). Three Months Ended June 30, 2022 Gross receivables sold/cash proceeds received $ 3,205 Collections reinvested under revolving agreement (3,505) Net cash proceeds received $ (300) Net receivables sold $ 3,198 Obligations recorded $ 98
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents a summary of the amounts transferred or pledged (in millions): June 30, 2022 Gross receivables pledged as collateral $ 1,838 Restricted cash pledged as collateral $ 1,287 Balance sheet classification: Receivables, net $ 1,629 Prepaid expenses and other current assets $ 1,287 Other noncurrent assets $ 209

Content Rights (Tables)

Content Rights (Tables)	6 Months Ended
Content Rights (Tables)	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Content Rights	The table below presents the components of content rights (in millions). June 30, 2022 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 3,120 $ — $ 3,120 Completed and not released 318 — 318 In production 1,865 — 1,865 Development and pre-production 144 — 144 Television production costs: Released, less amortization 1,585 7,010 8,595 Completed and not released 649 733 1,382 In production 490 3,711 4,201 Development and pre-production 37 19 56 Total theatrical film and television production costs $ 8,208 $ 11,473 $ 19,681 Programming and game costs: Programming costs, less amortization (a) 10,288 Game development costs, less amortization 656 Total film and television content rights and games 30,625 Less: Current content rights and prepaid license fees, net (505) Total noncurrent film and television content rights and games, net $ 30,120 December 31, 2021 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ — $ — $ — Completed and not released — — — In production — — — Development and pre-production — — — Television production costs: Released, less amortization 9 2,432 2,441 Completed and not released — — — In production — 770 770 Development and pre-production — 17 17 Total theatrical film and television production costs $ 9 $ 3,219 3,228 Programming and game costs: Programming costs, less amortization (a) 849 Game development costs, less amortization — Total film and television content rights 4,077 Less: Current content rights and prepaid license fees, net (245) Total noncurrent film and television content rights, net $ 3,832 (a) Includes the costs of licensed programming rights, including payments that have been made prior to the related rights being received (primarily for sports).
Schedule of Content Rights Expense	Content expense consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Monetized individually Content amortization $ 1,927 $ 25 $ 2,177 $ 49 Content impairments 94 — 94 — Total content expense monetized individually $ 2,021 $ 25 $ 2,271 $ 49 Monetized as a group Content amortization $ 3,189 $ 747 $ 3,908 $ 1,466 Content impairments 408 1 412 1 Total content expense monetized as a group $ 3,597 $ 748 $ 4,320 $ 1,467 Total content expense $ 5,618 $ 773 $ 6,591 $ 1,516

Investments (Tables)

Investments (Tables)	6 Months Ended
Investments (Tables)	Jun. 30, 2022
Investments [Abstract]
Summary of Investment Holdings	The Company’s equity investments consisted of the following, net of investments recorded in other noncurrent liabilities (in millions). Category Balance Sheet Location Ownership June 30, 2022 December 31, 2021 Equity method investments: The Chernin Group (TCG) 2.0-A, LP Other noncurrent assets 44% $ 352 $ — nC+ Other noncurrent assets 32% 129 151 Other Other noncurrent assets 683 390 Total equity method investments 1,164 541 Investments with readily determinable fair values Other noncurrent assets 45 80 Investments with readily determinable fair values Prepaid expenses and other current assets 14 40 Total investments with readily determinable fair values 59 120 Investments without readily determinable fair values Other noncurrent assets 637 496 Total investments $ 1,860 $ 1,157
Schedule of Unrealized Gains and Losses Related To Common Stock Investments with Readily Determinable Fair Value	The gains and losses related to the Company's investments with readily determinable fair values for the three and six months ended June 30, 2022 and 2021 are summarized in the table below (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (losses) gains recognized during the period on equity securities $ (41) $ 29 $ (61) $ 62 Less: Net gains recognized on equity securities sold — — — 16 Unrealized (losses) gains recognized during reporting period on equity securities still held at the reporting date $ (41) $ 29 $ (61) $ 46

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Outstanding Debt	The table below presents the components of outstanding debt (in millions). Weighted-Average June 30, 2022 December 31, 2021 Term loans with maturities of 3 years or less 2.32 % $ 6,500 $ — Floating rate senior notes with maturities of 5 years or less 2.31 % 500 — Senior notes with maturities of 5 years or less 3.60 % 13,742 4,314 Senior notes with maturities between 5 and 10 years 4.25 % 10,373 4,128 Senior notes with maturities greater than 10 years 5.11 % 21,644 6,745 Total debt 52,759 15,187 Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net (274) (428) Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, 52,485 14,759 Current portion of debt (1,097) (339) Noncurrent portion of debt $ 51,388 $ 14,420

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2022
Leases [Abstract]
Schedule of Components of Lease Expense and Supplemental Cash Flow and Balance Sheet Information	The components of lease cost were as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating lease cost $ 116 $ 26 $ 138 $ 53 Finance lease cost: Amortization of right-of-use assets $ 20 $ 14 $ 37 $ 28 Interest on lease liabilities 2 2 4 4 Total finance lease cost $ 22 $ 16 $ 41 $ 32 Variable lease cost $ 6 $ 1 $ 7 $ 4 Total lease cost $ 144 $ 43 $ 186 $ 89 Supplemental cash flow information related to leases was as follows (in millions): Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (142) $ (56) Operating cash flows from finance leases $ (7) $ (4) Financing cash flows from finance leases $ (39) $ (33) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7 $ 7 Finance leases $ 23 $ 59 Supplemental balance sheet information related to leases was as follows (in millions): Category Location on June 30, 2022 December 31, 2021 Operating Leases Operating lease right-of-use assets Other noncurrent assets $ 2,918 $ 535 Operating lease liabilities (current) Accrued liabilities $ 335 $ 62 Operating lease liabilities (noncurrent) Other noncurrent liabilities 2,678 567 Total operating lease liabilities $ 3,013 $ 629 Finance Leases Finance lease right-of-use assets Property and equipment, net $ 275 $ 249 Finance lease liabilities (current) Accrued liabilities $ 78 $ 58 Finance lease liabilities (noncurrent) Other noncurrent liabilities 206 197 Total finance lease liabilities $ 284 $ 255 June 30, 2022 December 31, 2021 Weighted average remaining lease term (in years): Operating leases 11 12 Finance leases 5 5 Weighted average discount rate: Operating leases 3.83 % 2.94 % Finance leases 3.13 % 3.57 %
Schedule of Finance Lease Maturities	Maturities of lease liabilities as of June 30, 2022 were as follows (in millions): Operating Leases Finance Leases 2022 (excluding the two quarters ended June 30, 2022) $ 260 $ 79 2023 425 75 2024 373 57 2025 319 37 2026 289 26 Thereafter 2,070 34 Total lease payments 3,736 308 Less: Imputed interest (723) (24) Total $ 3,013 $ 284
Schedule of Operating Lease Maturities	Maturities of lease liabilities as of June 30, 2022 were as follows (in millions): Operating Leases Finance Leases 2022 (excluding the two quarters ended June 30, 2022) $ 260 $ 79 2023 425 75 2024 373 57 2025 319 37 2026 289 26 Thereafter 2,070 34 Total lease payments 3,736 308 Less: Imputed interest (723) (24) Total $ 3,013 $ 284

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the impact of derivative financial instruments on the Company's consolidated balance sheets (in millions). There were no amounts eligible to be offset under master netting agreements as of June 30, 2022 and December 31, 2021. The fair value of the Company's derivative financial instruments was determined using a market-based approach (Level 2). June 30, 2022 December 31, 2021 Fair Value Fair Value Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Cash flow hedges: Foreign exchange $ 2,196 $ 31 $ 54 $ 80 $ 15 $ 777 $ 14 $ — $ 2 $ — Interest rate swaps — — — — — 2,000 44 — 11 — Net investment hedges: (a) Cross-currency swaps 1,620 16 29 — 59 3,512 54 61 20 76 No hedging designation: Foreign exchange 806 4 1 — 98 1,020 — — 34 66 Interest rate swaps — — — — — 15,000 126 28 9 5 Cross-currency swaps 139 3 2 — — 139 3 — — 5 Total $ 54 $ 86 $ 80 $ 172 $ 241 $ 89 $ 76 $ 152 (a) Excludes £400 million of sterling notes ($486 million equivalent at June 30, 2022) and €164 million of euro-denominated notes ( $173 million equivalent at
Schedule of Derivative Instruments Designated as Cash Flow Hedges, Effect on Income and Other Comprehensive Income (Loss)	The following table presents the pre-tax impact of derivatives designated as cash flow hedges on income and other comprehensive income (loss) (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gains (losses) recognized in accumulated other comprehensive loss: Foreign exchange - derivative adjustments $ (7) $ (7) $ (20) $ 30 Interest rate - derivative adjustments — (134) — 126 Gains (losses) reclassified into income from accumulated other comprehensive loss: Foreign exchange - advertising revenue — — 1 — Foreign exchange - distribution revenue (2) 2 2 (1) Foreign exchange - costs of revenues 18 — 19 — Interest rate - interest expense, net (1) (1) (1) (1)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	The following table presents the pre-tax impact of derivatives designated as net investment hedges on other comprehensive income (loss) (in millions). Other than amounts excluded from effectiveness testing, there were no other gains (losses) reclassified from accumulated other comprehensive loss to income during the three and six months ended June 30, 2022 and 2021. Three Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2022 2021 2022 2021 Cross currency swaps $ 52 $ (5) Interest expense, net $ 7 $ 11 Euro-denominated notes (foreign denominated debt) 6 — N/A — — Sterling notes (foreign denominated debt) 41 (3) N/A — — Total $ 99 $ (8) $ 7 $ 11 Six Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2022 2021 2022 2021 Cross currency swaps $ 71 $ 47 Interest expense, net $ 22 $ 21 Euro denominated notes (foreign denominated debt) 6 — N/A — — Sterling notes (foreign denominated debt) 54 (8) N/A — — Total $ 131 $ 39 $ 22 $ 21
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following table presents the pretax gains (losses) on derivatives not designated as hedges and recognized in other (expense) income, net in the consolidated statements of operations (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Interest rate swaps $ — $ — $ 512 $ — Cross-currency swaps 7 1 7 6 Foreign exchange derivatives (31) (2) (46) (27) Total in other (expense) income, net $ (24) $ (1) $ 473 $ (21)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured on Recurring Basis	The tables below present assets and liabilities measured at fair value on a recurring basis (in millions). June 30, 2022 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 39 $ — $ 39 Equity securities: Money market fund Cash and cash equivalents 2 — — 2 Mutual funds Prepaid expenses and other current assets 26 — — 26 Mutual funds Other noncurrent assets 231 — — 231 Company-owned life insurance contracts Other noncurrent assets — 100 — 100 Total $ 259 $ 139 $ — $ 398 Liabilities Deferred compensation plan Accrued liabilities $ 52 $ — $ — $ 52 Deferred compensation plan Other noncurrent liabilities 615 — — 615 Total $ 667 $ — $ — $ 667 December 31, 2021 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 426 $ — $ 426 Equity securities: Money market funds Cash and cash equivalents 425 — — 425 Mutual funds Prepaid expenses and other current assets 12 — — 12 Company-owned life insurance contracts Prepaid expenses and other current assets — 1 — 1 Mutual funds Other noncurrent assets 215 — — 215 Company-owned life insurance contracts Other noncurrent assets — 32 — 32 Total $ 652 $ 459 $ — $ 1,111 Liabilities Deferred compensation plan Accrued Liabilities $ 21 $ — $ — $ 21 Deferred compensation plan Other noncurrent liabilities 238 — — 238 Total $ 259 $ — $ — $ 259

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
Share-based Compensation (Tables)	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Equity-Based Compensation Expense	The table below presents the components of share-based compensation expense (in millions), which is recorded in selling, general and administrative expense in the consolidated statements of operations. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 PRSUs $ (1) $ (7) $ 2 $ 12 RSUs $ 128 $ 29 $ 166 $ 51 Stock options $ 23 $ 16 $ 41 $ 26 SARs $ — $ (7) $ 1 $ 6 Total share-based compensation expense $ 150 $ 31 $ 210 $ 95 Tax benefit recognized $ 31 $ 7 $ 40 $ 15
Schedule of Other Share-based Compensation, Activity	The table below presents awards granted (in millions, except weighted-average grant price). Six Months Ended June 30, 2022 Awards Weighted-Average Grant Price Awards granted: PRSUs 0.4 $ 28.11 RSUs 30.1 $ 24.75 Stock options 0.4 $ 32.90
Schedule of Unrecognized Compensation Cost, Nonvested Awards	The table below presents unrecognized compensation cost related to non-vested share-based awards and the weighted-average amortization period over which these expenses will be recognized as of June 30, 2022 (in millions, except years). Unrecognized Compensation Cost Weighted-Average Amortization Period PRSUs $ 3 0.5 RSUs 696 2.3 Stock options 188 3.8 Total unrecognized compensation cost $ 887

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
Benefit Plans (Tables)	Jun. 30, 2022
Retirement Benefits [Abstract]
Assets (Liabilities) Recognized on Consolidated Balance Sheet	Total assets (liabilities) recognized for all acquired pension plans on our consolidated balance sheets were as follows (in millions). April 8, 2022 Plan assets, net $ 200 Current portion of employee benefit obligation (27) Noncurrent portion of employee benefit obligation (305) Net amount recognized $ (132)
Schedule of Assumptions Used	April 8, 2022 U.S. Nonqualified Plans Non-U.S. Pension Plans Discount rate 3.89 % 2.51 % Long-term rate of return on plan assets N/A 1.61 % Rate of compensation increases N/A 5.82 %

Supplemental Disclosures (Table

Supplemental Disclosures (Tables)	6 Months Ended
Supplemental Disclosures (Tables)	Jun. 30, 2022
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in millions): June 30, 2022 December 31, 2021 Accrued participation and residuals $ 3,007 $ — Accrued production 1,461 4 Content rights payable 1,453 772 Accrued payroll and related benefits 1,432 533 Other accrued liabilities 2,926 921 Total accrued expenses and other current liabilities $ 10,279 $ 2,230
Schedule of Other Income, Net	Other (Expense) Income, net Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Foreign currency (losses) gain, net $ (81) $ (5) $ (70) $ 47 (Losses) gains on derivative instruments, net (24) (1) 473 (21) Change in the value of investments with readily determinable fair value (70) 29 (90) 46 Gain on sale of equity method investments 133 (1) 133 4 Change in fair value of equity investments without readily determinable fair value — 81 — 81 Other (expense) income, net (9) 2 (7) 16 Total other (expense) income, net $ (51) $ 105 $ 439 $ 173
Schedule of Supplemental Cash Flow Information	Supplemental Cash Flow Information Six Months Ended June 30, 2022 2021 Cash paid for taxes, net $ 442 $ 249 Cash paid for interest, net 390 337 Non-cash investing and financing activities: Equity issued for the acquisition of WarnerMedia 42,309 — Accrued purchases of property and equipment 47 32 Assets acquired under finance lease and other arrangements 27 50
Schedule of Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash June 30, 2022 December 31, 2021 Cash and cash equivalents $ 2,575 $ 3,905 Restricted cash - recorded in prepaid expenses and other current assets (1) 1,321 — Total cash, cash equivalents, and restricted cash $ 3,896 $ 3,905 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables program. (See Note 7.)
Comprehensive Income (Loss)	The table below presents the tax effects related to each component of other comprehensive income (loss) and reclassifications made in the consolidated statements of operations (in millions). Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Pretax Tax benefit (expense) Net-of-tax Pretax Tax benefit (expense) Net-of-tax Currency translation adjustments: Unrealized gains (losses): Foreign currency $ (560) $ 2 $ (558) $ 121 $ (2) $ 119 Net investment hedges 97 (27) 70 (13) 2 (11) Total currency translation adjustments (463) (25) (488) 108 — 108 Derivative adjustments: Unrealized (losses) gains (7) — (7) (141) 29 (112) Reclassifications from other comprehensive income to net income (15) 4 (11) (1) 1 — Total derivative adjustments (22) 4 (18) (142) 30 (112) Other comprehensive (loss) income adjustments $ (485) $ (21) $ (506) $ (34) $ 30 $ (4) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Pretax Tax benefit (expense) Net-of-tax Pretax Tax benefit Net-of-tax Currency translation adjustments: Unrealized (losses) gains: Foreign currency $ (665) $ 2 $ (663) $ (109) $ 14 $ (95) Net investment hedges 119 (41) 78 29 7 36 Reclassifications: Loss on disposition (2) — (2) — — — Total currency translation adjustments (548) (39) (587) (80) 21 (59) Derivative adjustments: Unrealized (losses) gains (20) 1 (19) 156 (33) 123 Reclassifications from other comprehensive income to net income (21) 4 (17) 2 — 2 Total derivative adjustments (41) 5 (36) 158 (33) 125 Other comprehensive (loss) income adjustments $ (589) $ (34) $ (623) $ 78 $ (12) $ 66
Schedule of Accumulated Other Comprehensive Loss	The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions). Three Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (944) $ 10 $ (13) $ (947) Other comprehensive income (loss) before reclassifications (488) (7) — (495) Reclassifications from accumulated other comprehensive loss to net income — (11) — (11) Other comprehensive income (loss) (488) (18) — (506) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Three Months Ended June 30, 2021 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (722) $ 156 $ (15) $ (581) Other comprehensive income (loss) 108 (112) — (4) Ending balance $ (614) $ 44 $ (15) $ (585) Six Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (845) $ 28 $ (13) $ (830) Other comprehensive (loss) before reclassifications (585) (19) — (604) Reclassifications from accumulated other comprehensive loss to net income (2) (17) — (19) Other comprehensive (loss) (587) (36) — (623) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Six Months Ended June 30, 2021 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (555) $ (81) $ (15) $ (651) Other comprehensive (loss) income before reclassifications (59) 123 — 64 Reclassifications from accumulated other comprehensive loss to net income — 2 — 2 Other comprehensive (loss) income (59) 125 — 66 Ending balance $ (614) $ 44 $ (15) $ (585)

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
Related Party Transactions (Tables)	Jun. 30, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions, Revenues and Expenses	The table below presents a summary of the transactions with related parties (in millions). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenues and service charges: Liberty Group $ 535 $ 165 $ 693 $ 340 Equity method investees 179 68 237 124 Other 156 24 189 51 Total revenues and service charges $ 870 $ 257 $ 1,119 $ 515 Expenses $ (166) $ (57) $ (242) $ (114) Distributions to noncontrolling interests and redeemable noncontrolling interests $ (40) $ (30) $ (264) $ (213)
Schedule of Related Party Transactions Receivables	The table below presents receivables due from and payables due to related parties (in millions). June 30, 2022 December 31, 2021 Receivables $ 821 $ 172 Payables $ 38 $ 23

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Significant Contractual Commitments	Long-Term Debt Year Ending December 31, Content Other Purchase Obligations Pension and Other Employee Obligations Principal Interest Total 2022 (remaining six months) $ 5,658 $ 1,148 $ 321 $ — $ 1,133 $ 8,260 2023 6,468 932 463 1,349 2,243 11,455 2024 5,223 463 225 4,271 2,159 12,341 2025 3,807 289 100 9,647 1,863 15,706 2026 2,512 105 67 790 1,729 5,203 Thereafter 10,880 101 232 36,702 27,487 75,402 Total $ 34,548 $ 3,038 $ 1,408 $ 52,759 $ 36,614 $ 128,367

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
Reportable Segments (Tables)	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Revenues by Segment	Revenues Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 2,796 $ 2 $ 2,801 $ 7 Networks 5,742 2,844 8,615 5,504 DTC 2,225 216 2,506 343 Corporate 13 — 13 — Inter-segment eliminations (949) — (949) — Total revenues $ 9,827 $ 3,062 $ 12,986 $ 5,854
Schedule Of Adjusted EBITDA By Segment	Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Studios $ 239 $ 2 $ 242 $ 4 Networks 2,262 1,538 3,617 2,947 DTC (518) (329) (745) (819) Corporate (305) (94) (409) (178) Inter-segment eliminations (14) — (14) — Adjusted EBITDA $ 1,664 $ 1,117 $ 2,691 $ 1,954
Schedule of Reconciliation of Net Income available to Discovery, Inc. to total Adjusted EBITDA	Reconciliation of Net (Loss) Income available to Warner Bros. Discovery, Inc. to Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (loss) income available to Warner Bros. Discovery, Inc. $ (3,418) $ 672 $ (2,962) $ 812 Net income attributable to redeemable noncontrolling interests 3 8 6 13 Net income attributable to noncontrolling interests 7 38 23 84 Income tax (benefit) expense (836) 2 (635) 108 (Loss) income before income taxes (4,244) 720 (3,568) 1,017 Other expense (income), net 51 (105) (439) (173) Loss from equity investees, net 43 7 57 11 Interest expense, net 511 157 664 320 Operating (loss) income (3,639) 779 (3,286) 1,175 Loss (gain) on disposition 4 (72) 4 (72) Restructuring and other charges 1,033 7 1,038 22 Depreciation and amortization 2,266 341 2,791 702 Employee share-based compensation 147 27 204 88 Transaction and integration costs 983 35 1,070 39 Amortization of fair value step-up for content 870 — 870 — Adjusted EBITDA $ 1,664 $ 1,117 $ 2,691 $ 1,954

Description of Business and B_4

Description of Business and Basis of Presentation (Details) $ in Millions			3 Months Ended	6 Months Ended
	Apr. 08, 2022 USD ($)	Apr. 07, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) language countryAndTerritory	Jun. 30, 2021 USD ($)
Business Acquisition [Line Items]
Number of countries and territories available \| countryAndTerritory				220
Number of languages available \| language				50
Cash acquired from business acquisition				$ 2,419	$ 0
WarnerMedia
Business Acquisition [Line Items]
Preliminary purchase consideration	$ 42,376
Percentage of voting interests acquired	29%
WarnerMedia \| Subsequent Event
Business Acquisition [Line Items]
Cash acquired from business acquisition			$ 1,200
WarnerMedia \| WarnerMedia
Business Acquisition [Line Items]
Preliminary purchase consideration	$ 42,400
WarnerMedia \| AT&T
Business Acquisition [Line Items]
Percentage of voting interests acquired	71%
WarnerMedia \| AT&T
Business Acquisition [Line Items]
Preliminary purchase consideration		$ 40,500

Description of Business and B_5

Description of Business and Basis of Presentation - Schedule of Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Raw materials	$ 6	$ 0
Work in process	6	0
Finished goods	127	1
Total inventory	$ 139	$ 1

Equity and Earnings Per Share -

Equity and Earnings Per Share - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Apr. 08, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Class of Stock [Line Items]
Selling, general and administrative		$ 3,538	$ 952	$ 4,578	$ 2,003
WarnerMedia
Class of Stock [Line Items]
Equity interest issued or issuable (in shares)	1,732,000,000
Series A Common Stock, par value $0.01 per share \| WarnerMedia
Class of Stock [Line Items]
Equity interest issued or issuable (in shares)	1,700,000,000
Series A Common Stock, par value $0.01 per share \| AT&T \| WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series B Common Stock \| AT&T \| WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series C Common Stock \| AT&T \| WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series A-1 Convertible Preferred Stock \| WarnerMedia
Class of Stock [Line Items]
Selling, general and administrative	$ 789
Series A-1 Convertible Preferred Stock \| AT&T \| WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	13.1135
Series C-1 Convertible Preferred Stock \| AT&T \| WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	19.3648

Equity and Earnings Per Share_2

Equity and Earnings Per Share (Calculated Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net (loss) income	$ (3,408)	$ 718	$ (2,933)	$ 909
Less:
Net income attributable to noncontrolling interests	(7)	(38)	(23)	(84)
Net income attributable to redeemable noncontrolling interests	(3)	(8)	(6)	(13)
Net (loss) income available to Warner Bros. Discovery, Inc.	(3,418)	600	(3,011)	725
Add:
Net (loss) income allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net income per share	$ (3,418)	$ 672	$ (3,011)	$ 812
Denominator — weighted average:
Common shares outstanding — basic (in shares)	2,286	589	1,443	587
Impact of assumed preferred stock conversion (in shares)	0	71	0	71
Dilutive effect of share-based awards (in shares)	0	4	0	8
Common shares outstanding — diluted (in shares)	2,286	664	1,443	666
Basic net income per share allocated to common stockholders (in dollars per share)	$ (1.50)	$ 1.02	$ (2.09)	$ 1.23
Diluted net income per share allocated to common stockholders (in dollars per share)	$ (1.50)	$ 1.01	$ (2.09)	$ 1.22
Series A-1 Convertible Preferred Stock
Less:
Allocation of undistributed income to Series A-1 convertible preferred stock	$ 0	$ (72)	$ (49)	$ (87)
Add:
Allocation of undistributed income to Series A-1 convertible preferred stockholders	$ 0	$ 72	$ 0	$ 87

Equity and Earnings Per Share_3

Equity and Earnings Per Share (Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Anti-dilutive share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share (in shares)	57	16	45	6

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) countryAndTerritory	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) countryAndTerritory	Jun. 30, 2021 USD ($)
Business Acquisition [Line Items]
Number of countries and territories available \| countryAndTerritory	220		220
Acquisitions			$ 21,513
Transaction-related costs incurred	$ 983	$ 35	1,070	$ 39
Networks
Business Acquisition [Line Items]
Acquisitions			7,016
DTC
Business Acquisition [Line Items]
Acquisitions			5,585
Studios
Business Acquisition [Line Items]
Acquisitions			8,912
WarnerMedia
Business Acquisition [Line Items]
Transaction-related costs incurred	$ 194		$ 281

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Preliminary Purchase Price (Details) - WarnerMedia $ / shares in Units, shares in Millions	Apr. 08, 2022 USD ($) d $ / shares shares
Business Acquisition [Line Items]
Fair value of WBD common stock issued to AT&T shareholders	$ 42,309,000,000
Estimated fair value of share-based compensation awards attributable to pre-combination services	94,000,000
Settlement of preexisting relationships	(27,000,000)
Preliminary purchase consideration	$ 42,376,000,000
Equity interest issued or issuable (in shares) \| shares	1,732
Business acquisition, share price (in dollars per share) \| $ / shares	$ 24.43
Percentage of voting interests acquired	29%
Number of trading days \| d	10
Gain (loss) recognized upon settlement	$ 0
AT&T
Business Acquisition [Line Items]
Percentage of voting interests acquired	71%

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Schedule of Consideration Paid (Details) - USD ($) $ in Millions	Apr. 08, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 34,273	$ 12,912
Intangible assets	$ 44,889
WarnerMedia
Business Acquisition [Line Items]
Cash	2,419
Accounts receivable	4,224
Other current assets	4,619
Film and television library	28,729
Property and equipment	4,260
Goodwill	21,513
Intangible assets	44,889
Other noncurrent assets	5,206
Current liabilities	(10,544)
Debt assumed	(41,671)	$ (1,500)
Deferred income taxes	(13,264)
Other noncurrent liabilities	(8,004)
Preliminary purchase consideration	$ 42,376

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Schedule of Intangible Assets Acquired (Details) $ in Millions	Apr. 08, 2022 USD ($)
Business Acquisition [Line Items]
Fair Value of finite-lived intangible assets	$ 44,889
Trade names
Business Acquisition [Line Items]
Fair Value of finite-lived intangible assets	$ 21,084
Weighted Average Useful Life in Years	25 years
Affiliate, advertising and subscriber relationships
Business Acquisition [Line Items]
Fair Value of finite-lived intangible assets	$ 14,700
Weighted Average Useful Life in Years	6 years
Franchises
Business Acquisition [Line Items]
Fair Value of finite-lived intangible assets	$ 7,900
Weighted Average Useful Life in Years	35 years
Other intangible assets
Business Acquisition [Line Items]
Fair Value of finite-lived intangible assets	$ 1,205

Acquisitions and Dispositions_5

Acquisitions and Dispositions - Schedule of Revenues and Earnings Reported Within Consolidated Financial Statements (Details) - WarnerMedia - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Revenues	$ 7,732	$ 7,732
Net loss available to Warner Bros. Discovery, Inc.	(2,911)	(2,911)
Advertising
Business Acquisition [Line Items]
Revenues	1,163	1,163
Distribution
Business Acquisition [Line Items]
Revenues	3,526	3,526
Content
Business Acquisition [Line Items]
Revenues	2,835	2,835
Other
Business Acquisition [Line Items]
Revenues	$ 208	$ 208

Acquisitions and Dispositions_6

Acquisitions and Dispositions - Schedule of Pro Forma (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Net loss available to Warner Bros. Discovery, Inc.	$ (2,151)	$ (341)	$ (2,437)
WarnerMedia
Business Acquisition [Line Items]
Revenues	$ 10,823	$ 11,211	$ 22,264	$ 21,933
Net loss available to Warner Bros. Discovery, Inc.				$ (1,912)

Acquisitions and Dispositions_7

Acquisitions and Dispositions - Dispositions (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of equity method investments			$ 133	$ (1)	$ 133	$ 4
Loss (gain) on disposition			$ (4)	$ 72	$ (4)	$ 72
Discovery Education \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Minority interest sale price	$ 138
Gain on sale of equity method investments	$ 133
Hicks Equity Partners \| Great American Country Network \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale price		$ 90
Loss (gain) on disposition		$ 76

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Goodwill [Roll Forward]
Beginning balance			$ 12,912
Segment recast			0
Acquisitions			21,513
Foreign currency translation and other			(152)
Ending balance	$ 34,273		34,273
Amortization of intangible assets	2,004	$ 268	2,439	$ 548
U.S. Networks
Goodwill [Roll Forward]
Beginning balance			10,813
Segment recast			(10,813)
Acquisitions			0
Foreign currency translation and other			0
Ending balance	0		0
Goodwill, accumulated impairments	1,600		1,600		$ 1,600
International Networks
Goodwill [Roll Forward]
Beginning balance			2,099
Segment recast			(2,059)
Acquisitions			0
Foreign currency translation and other			(40)
Ending balance	0		0
Studios
Goodwill [Roll Forward]
Beginning balance			0
Segment recast			0
Acquisitions			8,912
Foreign currency translation and other			0
Ending balance	8,912		8,912
Networks
Goodwill [Roll Forward]
Beginning balance			0
Segment recast			10,555
Acquisitions			7,016
Foreign currency translation and other			(92)
Ending balance	17,479		17,479
DTC
Goodwill [Roll Forward]
Beginning balance			0
Segment recast			2,317
Acquisitions			5,585
Foreign currency translation and other			(20)
Ending balance	$ 7,882		$ 7,882

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Finite Lived Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	$ 56,411	$ 11,544
Accumulated Amortization	(7,687)	(5,388)
Intangible assets, net	48,724	6,156
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	22,918	1,716
Accumulated Amortization	(1,064)	(858)
Intangible assets, net	$ 21,854	858
Weighted Average Amortization Period	32 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	$ 24,029	9,433
Accumulated Amortization	(6,307)	(4,303)
Intangible assets, net	$ 17,722	5,130
Weighted Average Amortization Period	8 years
Franchises
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	$ 7,900	0
Accumulated Amortization	(51)	0
Intangible assets, net	$ 7,849	0
Weighted Average Amortization Period	35 years
Character rights
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	$ 995	0
Accumulated Amortization	(16)	0
Intangible assets, net	$ 979	0
Weighted Average Amortization Period	14 years
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	$ 569	395
Accumulated Amortization	(249)	(227)
Intangible assets, net	$ 320	$ 168
Weighted Average Amortization Period	6 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Expected Future Amortization (Details) $ in Millions	Jun. 30, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining 2022	$ 3,790
2023	6,497
2024	4,976
2025	3,600
2026	2,590
Thereafter	$ 27,271

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Indefinite Lived Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 0	$ 161

Restructuring and Other Charg_3

Restructuring and Other Charges (By Reporting Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Restructuring and other charges	$ 1,033	$ 7	$ 1,038	$ 22
Operating Segments \| Studios
Segment Reporting Information [Line Items]
Restructuring and other charges	200	0	200	0
Operating Segments \| Networks
Segment Reporting Information [Line Items]
Restructuring and other charges	308	7	312	21
Operating Segments \| DTC
Segment Reporting Information [Line Items]
Restructuring and other charges	475	0	475	1
Corporate
Segment Reporting Information [Line Items]
Restructuring and other charges	$ 50	$ 0	$ 51	$ 0

Restructuring and Other Charg_4

Restructuring and Other Charges - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 1,033	$ 7	$ 1,038	$ 22
Content Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	496		501
Severance And Management Changes
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	208
Content Development And Abandonment
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 329		$ 329

Restructuring and Other Charg_5

Restructuring and Other Charges (Liabilities) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Restructuring Reserve
Beginning balance	$ 19
Segment recast	0
Acquisitions	109
Employee termination accruals, net	209
Cash paid	(34)
Ending balance	303
Corporate
Restructuring Reserve
Beginning balance	2
Segment recast	2
Acquisitions	55
Employee termination accruals, net	126
Cash paid	(15)
Ending balance	170
U.S. Networks \| Operating Segments
Restructuring Reserve
Beginning balance	4
Segment recast	(4)
Acquisitions	0
Employee termination accruals, net	0
Cash paid	0
Ending balance	0
International Networks \| Operating Segments
Restructuring Reserve
Beginning balance	13
Segment recast	(13)
Acquisitions	0
Employee termination accruals, net	0
Cash paid	0
Ending balance	0
Studios \| Operating Segments
Restructuring Reserve
Beginning balance	0
Segment recast	0
Acquisitions	40
Employee termination accruals, net	54
Cash paid	(10)
Ending balance	84
Networks \| Operating Segments
Restructuring Reserve
Beginning balance	0
Segment recast	15
Acquisitions	0
Employee termination accruals, net	16
Cash paid	(6)
Ending balance	25
DTC \| Operating Segments
Restructuring Reserve
Beginning balance	0
Segment recast	0
Acquisitions	14
Employee termination accruals, net	13
Cash paid	(3)
Ending balance	$ 24

Revenues - Revenue Recognition

Revenues - Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 9,827	$ 3,062	$ 12,986	$ 5,854
Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,721	1,634	4,197	3,043
Distribution
Disaggregation of Revenue [Line Items]
Revenues	4,838	1,312	6,190	2,570
Content
Disaggregation of Revenue [Line Items]
Revenues	2,064	100	2,387	212
Other
Disaggregation of Revenue [Line Items]
Revenues	204	16	212	29
Operating Segments \| Studios
Disaggregation of Revenue [Line Items]
Revenues	2,796	2	2,801	7
Operating Segments \| Studios \| Advertising
Disaggregation of Revenue [Line Items]
Revenues	10	0	10	0
Operating Segments \| Studios \| Distribution
Disaggregation of Revenue [Line Items]
Revenues	4	0	4	0
Operating Segments \| Studios \| Content
Disaggregation of Revenue [Line Items]
Revenues	2,636	2	2,641	7
Operating Segments \| Studios \| Other
Disaggregation of Revenue [Line Items]
Revenues	146	0	146	0
Operating Segments \| Networks
Disaggregation of Revenue [Line Items]
Revenues	5,742	2,844	8,615	5,504
Operating Segments \| Networks \| Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,624	1,601	4,054	2,993
Operating Segments \| Networks \| Distribution
Disaggregation of Revenue [Line Items]
Revenues	2,841	1,132	3,961	2,281
Operating Segments \| Networks \| Content
Disaggregation of Revenue [Line Items]
Revenues	220	96	536	202
Operating Segments \| Networks \| Other
Disaggregation of Revenue [Line Items]
Revenues	57	15	64	28
Operating Segments \| DTC
Disaggregation of Revenue [Line Items]
Revenues	2,225	216	2,506	343
Operating Segments \| DTC \| Advertising
Disaggregation of Revenue [Line Items]
Revenues	96	33	142	50
Operating Segments \| DTC \| Distribution
Disaggregation of Revenue [Line Items]
Revenues	1,993	180	2,225	289
Operating Segments \| DTC \| Content
Disaggregation of Revenue [Line Items]
Revenues	132	2	134	3
Operating Segments \| DTC \| Other
Disaggregation of Revenue [Line Items]
Revenues	4	1	5	1
Corporate
Disaggregation of Revenue [Line Items]
Revenues	(936)	0	(936)	0
Corporate \| Advertising
Disaggregation of Revenue [Line Items]
Revenues	(9)	0	(9)	0
Corporate \| Distribution
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Content
Disaggregation of Revenue [Line Items]
Revenues	(924)	0	(924)	0
Corporate \| Other
Disaggregation of Revenue [Line Items]
Revenues	$ (3)	$ 0	$ (3)	$ 0

Revenues - Allowance for Credit

Revenues - Allowance for Credit Loss (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Allowance for credit losses	$ 138	$ 54

Revenues - Contract Balances (D

Revenues - Contract Balances (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized related to the contract liability (deferred revenues)	$ 347	$ 162
Increase in deferred revenue related to the Merger and cash payments received	$ 1,476

Revenues - Schedule of Contract

Revenues - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Current contract assets	$ 12	$ 0
Noncurrent contract assets	26	0
Current contract liabilities	1,663	478
Noncurrent contract liabilities	$ 242	$ 95

Revenues - Transaction Price Al

Revenues - Transaction Price Allocated to Remaining Performance Obligations (Details) $ in Millions	Jun. 30, 2022 USD ($)
Distribution
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Annual license fee, monthly percentage	8%
Distribution \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 2,700
Remaining performance obligations, expected timing of satisfaction, period	7 years
Content Licensing Contracts \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 5,200
Remaining performance obligations, expected timing of satisfaction, period	7 years
Brand Licensing Contracts \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 2,300
Remaining performance obligations, expected timing of satisfaction, period	21 years
Advertising \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 595
Remaining performance obligations, expected timing of satisfaction, period	3 years

Sales of Receivables - Narrativ

Sales of Receivables - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
Sales of Receivables - Narrative (Details) $ in Millions	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving receivables agreement, maximum transfer amount	$ 6,000	$ 6,000
Loss on revolving receivables program	41	41
Outstanding receivables derecognized	5,700	5,700
Accounts receivable sold under factoring arrangements	103	103
Asset Pledged as Collateral
Financing Receivable, Allowance for Credit Loss [Line Items]
Cash	1,287	1,287
Pledged receivables	$ 1,838	$ 1,838

Sales of Receivables - Summary

Sales of Receivables - Summary of Receivables Sold (Details) $ in Millions	3 Months Ended
	Jun. 30, 2022 USD ($)
Receivables [Abstract]
Gross receivables sold/cash proceeds received	$ 3,205
Collections reinvested under revolving agreement	(3,505)
Net cash proceeds received	(300)
Net receivables sold	3,198
Obligations recorded	$ 98

Sales of Receivables - Summar_2

Sales of Receivables - Summary of Accounts Serviced (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Prepaid expenses and other current assets	$ 5,825	$ 913
Asset Pledged as Collateral
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross receivables pledged as collateral	1,838
Restricted cash pledged as collateral	1,287
Asset Pledged as Collateral \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivables, net	1,629
Asset Pledged as Collateral \| Prepaid expenses and other current assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Prepaid expenses and other current assets	1,287
Asset Pledged as Collateral \| Other noncurrent assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Other noncurrent assets	$ 209

Content Rights - Schedule of Co

Content Rights - Schedule of Content Rights (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Content Rights [Line Items]
Predominantly Monetized Individually	$ 8,208	$ 9
Predominantly Monetized as a Group	11,473	3,219
Total	19,681	3,228
Programming costs, less amortization	10,288	849
Game development costs, less amortization	656	0
Total film and television content rights	30,625	4,077
Total film and television content rights	(505)	(245)
Total noncurrent film and television content rights, net	30,120	3,832
Theatrical film production costs
Content Rights [Line Items]
Predominantly Monetized Individually, Released, less amortization	3,120	0
Predominantly Monetized Individually, Completed and not released	318	0
Predominantly Monetized Individually, In production	1,865	0
Predominantly Monetized Individually, Development and pre-production	144	0
Predominantly Monetized as a Group, Released, less amortization	0	0
Predominantly Monetized as a Group, Completed and not released	0	0
Predominantly Monetized as a Group, In production	0	0
Predominantly Monetized as a Group, Development and pre-production	0	0
Total, Released, less amortization	3,120	0
Total, Completed and not released	318	0
Total, In production	1,865	0
Total, Development and pre-production	144	0
Television production costs
Content Rights [Line Items]
Predominantly Monetized Individually, Released, less amortization	1,585	9
Predominantly Monetized Individually, Completed and not released	649	0
Predominantly Monetized Individually, In production	490	0
Predominantly Monetized Individually, Development and pre-production	37	0
Predominantly Monetized as a Group, Released, less amortization	7,010	2,432
Predominantly Monetized as a Group, Completed and not released	733	0
Predominantly Monetized as a Group, In production	3,711	770
Predominantly Monetized as a Group, Development and pre-production	19	17
Total, Released, less amortization	8,595	2,441
Total, Completed and not released	1,382	0
Total, In production	4,201	770
Total, Development and pre-production	$ 56	$ 17

Content Rights (Schedule Of Con

Content Rights (Schedule Of Content Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Monetized individually
Content amortization	$ 1,927	$ 25	$ 2,177	$ 49
Content impairments	94	0	94	0
Total content expense monetized individually	2,021	25	2,271	49
Monetized as a group
Content amortization	3,189	747	3,908	1,466
Content impairments	408	1	412	1
Total content expense monetized as a group	3,597	748	4,320	1,467
Total content expense	$ 5,618	$ 773	$ 6,591	$ 1,516

Content Rights - Narrative (Det

Content Rights - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Content Expense [Line Items]
Restructuring and other charges	$ 1,033	$ 7	$ 1,038	$ 22
Content Impairment
Content Expense [Line Items]
Restructuring and other charges	496		501
Content Development And Abandonment
Content Expense [Line Items]
Restructuring and other charges	$ 329		$ 329

Investments (Schedule of Invest

Investments (Schedule of Investments) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity investments without readily determinable fair values:	$ 637	$ 496
Total investments	1,860	1,157
Common Stock
Schedule of Equity Method Investments [Line Items]
Total investments with readily determinable fair values	59	120
Other noncurrent assets
Schedule of Equity Method Investments [Line Items]
Equity method investments:	$ 1,164	541
Other noncurrent assets \| The Chernin Group (TCG) 2.0-A, LP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	44%
Equity method investments:	$ 352	0
Other noncurrent assets \| nC+
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	32%
Equity method investments:	$ 129	151
Other noncurrent assets \| Other
Schedule of Equity Method Investments [Line Items]
Equity method investments:	683	390
Other noncurrent assets \| Common Stock
Schedule of Equity Method Investments [Line Items]
Total investments with readily determinable fair values	45	80
Prepaid expenses and other current assets \| Common Stock
Schedule of Equity Method Investments [Line Items]
Total investments with readily determinable fair values	$ 14	$ 40

Investments (Equity Method Inve

Investments (Equity Method Investments) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Apr. 08, 2022	Dec. 31, 2021
WarnerMedia
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 671
Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 772		$ 126
Variable interest, maximum exposure to loss	$ 810

Investments (Common Stock Inves

Investments (Common Stock Investments with Readily Determinable Fair Value ) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments [Abstract]
Net (losses) gains recognized during the period on equity securities	$ (41)	$ 29	$ (61)	$ 62
Less: Net gains recognized on equity securities sold	0	0	0	16
Unrealized (losses) gains recognized during reporting period on equity securities still held at the reporting date	$ (41)	$ 29	$ (61)	$ 46

Investments (Equity Investments

Investments (Equity Investments Without Readily Determinable Fair Values Assessed Under the Measurement Alternative) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Apr. 08, 2022	Dec. 31, 2021
Other Investment Not Readily Marketable [Line Items]
Equity investments without readily determinable fair value	$ 637		$ 496
Equity securities without readily determinable fair value, cumulative upward adjustment	9
Equity securities without readily determinable fair value, cumulative impairments	$ 88
WarnerMedia
Other Investment Not Readily Marketable [Line Items]
Equity investments without readily determinable fair value		$ 156

Debt (Outstanding Debt) (Detail

Debt (Outstanding Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt	$ 52,759	$ 15,187
Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net	(274)	(428)
Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting,	52,485	14,759
Current portion of debt	(1,097)	(339)
Noncurrent portion of debt	$ 51,388	14,420
Weighted Average
Debt Instrument [Line Items]
Weighted average interest rate
Term loans with maturities of 3 years or less \| Term Loan
Debt Instrument [Line Items]
Total debt	$ 6,500	0
Term loans with maturities of 3 years or less \| Weighted Average \| Term Loan
Debt Instrument [Line Items]
Weighted average interest rate	2.32%
Floating rate senior notes with maturities of 5 years or less \| Senior Notes
Debt Instrument [Line Items]
Total debt	$ 500	0
Floating rate senior notes with maturities of 5 years or less \| Weighted Average \| Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	2.31%
Senior notes with maturities of 5 years or less \| Senior Notes
Debt Instrument [Line Items]
Total debt	$ 13,742	4,314
Senior notes with maturities of 5 years or less \| Weighted Average \| Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	3.60%
Senior notes with maturities between 5 and 10 years \| Senior Notes
Debt Instrument [Line Items]
Total debt	$ 10,373	4,128
Senior notes with maturities between 5 and 10 years \| Weighted Average \| Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	4.25%
Senior notes with maturities greater than 10 years \| Senior Notes
Debt Instrument [Line Items]
Total debt	$ 21,644	$ 6,745
Senior notes with maturities greater than 10 years \| Weighted Average \| Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	5.11%

Debt (Long Term Debt) (Details)

Debt (Long Term Debt) (Details) - USD ($)	3 Months Ended
Debt (Long Term Debt) (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Apr. 08, 2022	Jun. 30, 2021
WarnerMedia
Debt Instrument [Line Items]
Debt assumed	$ 1,500,000,000				$ 41,671,000,000
Term Loan
Debt Instrument [Line Items]
Principal repayments of term loans	3,500,000,000
Face amount						$ 10,000,000,000
Senior Notes \| WarnerMedia
Debt Instrument [Line Items]
Debt assumed					$ 41,500,000,000
Senior Notes \| 2.375% Senior Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount		$ 327,000,000
Debt instrument interest rate		2.375%
Senior Notes \| 3.30% Senior Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount			$ 168,000,000
Debt instrument interest rate			3.30%
Senior Notes \| 3.500% Senior Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount			$ 62,000,000
Debt instrument interest rate			3.50%
Senior Notes \| 4.75% Senior Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount				$ 335,000,000
Debt instrument interest rate				4.375%
Senior Notes \| Un-exchanged Scripps Senior Notes \| Scripps Networks
Debt Instrument [Line Items]
Principal amount of liabilities assumed	$ 23,000,000

Debt (Revolving Credit Facility

Debt (Revolving Credit Facility) (Details)	Apr. 09, 2022 USD ($) segment	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Feb. 04, 2016 USD ($)
Line of Credit Facility [Line Items]
Total debt		$ 52,759,000,000	$ 15,187,000,000
Commercial Paper
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity		1,500,000,000
Total debt		0	$ 0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Minimum consolidated interest coverage ratio	3
Revolving Credit Facility \| Closing Of Transaction With WarnerMedia
Line of Credit Facility [Line Items]
Maximum consolidated leverage ratio	5.75
Revolving Credit Facility \| First Anniversary Of Closing
Line of Credit Facility [Line Items]
Maximum consolidated leverage ratio	5
Revolving Credit Facility \| Second Anniversary Of Closing
Line of Credit Facility [Line Items]
Maximum consolidated leverage ratio	4.50
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity	$ 6,000,000,000			$ 2,500,000,000
Number of renewal periods \| segment	2
Term of renewal period	364 days
Revolving Credit Facility \| Commercial Paper \| Euro Denominated Borrowings
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity		$ 500,000,000
Revolver Sublimit For Standby Letters Of Credit \| Line of Credit
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity	$ 150,000,000
Additional Commitments Upon Satisfaction Of Certain Conditions \| Line of Credit
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity	$ 1,000,000,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Apr. 08, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	10 years
Operating lease, liability	$ 3,013		$ 629
Lessee, operating lease, lease not yet commenced, commitment	$ 1,175
Lessee, operating lease, lease not yet commenced, renewal term	10 years
WarnerMedia
Lessee, Lease, Description [Line Items]
Operating leases acquired		$ 2,493
Finance leases acquired		$ 47
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	3 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, lease, remaining term of contract	15 years
Lessee, operating lease, lease not yet commenced, term of contract	27 years

Leases (Components of Lease Exp

Leases (Components of Lease Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease cost	$ 116	$ 26	$ 138	$ 53
Finance lease cost:
Amortization of right-of-use assets	20	14	37	28
Interest on lease liabilities	2	2	4	4
Total finance lease cost	22	16	41	32
Variable lease cost	6	1	7	4
Total lease cost	$ 144	$ 43	$ 186	$ 89

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (142)	$ (56)
Operating cash flows from finance leases	(7)	(4)
Financing cash flows from finance leases	(39)	(33)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	7	7
Finance leases	$ 23	$ 59

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
Operating lease right-of-use assets	$ 2,918	$ 535
Operating lease liabilities (current)	335	62
Operating lease liabilities (noncurrent)	2,678	567
Total	3,013	629
Finance Leases
Finance lease right-of-use assets	275	249
Finance lease liabilities (current)	78	58
Finance lease liabilities (noncurrent)	206	197
Total	$ 284	$ 255
Operating lease, right-of-use asset, statement of financial position	Other noncurrent assets	Other noncurrent assets
Operating lease, liability, current, statement of financial position	Accrued liabilities	Accrued liabilities
Operating lease, liability, noncurrent, statement of financial position	Other noncurrent liabilities	Other noncurrent liabilities
Finance lease, right-of-use asset, statement of financial position	Property and equipment, net	Property and equipment, net
Finance lease, liability, current, statement of financial position	Accrued liabilities	Accrued liabilities
Finance lease, liability, noncurrent, statement of financial position	Other noncurrent liabilities	Other noncurrent liabilities
Weighted average remaining lease term (in years):
Operating leases	11 years	12 years
Finance leases	5 years	5 years
Weighted average discount rate:
Operating lease (in percent)	3.83%	2.94%
Finance lease (in percent)	3.13%	3.57%

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
2022 (excluding the two quarters ended June 30, 2022)	$ 260
2023	425
2024	373
2025	319
2026	289
Thereafter	2,070
Total lease payments	3,736
Less: Imputed interest	(723)
Total	3,013	$ 629
Finance Lease, Liability, Payment, Due [Abstract]
2022 (excluding the two quarters ended June 30, 2022)	79
2023	75
2024	57
2025	37
2026	26
Thereafter	34
Total lease payments	308
Less: Imputed interest	(24)
Total	$ 284	$ 255

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) € in Millions, $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 01, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 EUR (€)	Apr. 08, 2022 USD ($) derivative_program
Derivative [Line Items]
Gain (loss) on derivative				$ 496	$ 0
WarnerMedia
Derivative [Line Items]
Number of programs acquired \| derivative_program								2
Designated as Hedging Instrument \| Cash Flow Hedging
Derivative [Line Items]
Net deferred losses on derivative instruments expected to be reclassified from AOCI to income in the next 12 months				$ 5
Maximum length of time hedged in cash flow hedge				33 years
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps
Derivative [Line Items]
Notional amount	$ 2,000
Proceeds from derivative termination	122
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps \| Other (expense) income, net
Derivative [Line Items]
Gain (loss) on derivative	89
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps \| Accumulated Other Comprehensive Income (Loss), Net of Tax
Derivative [Line Items]
Gain (loss) on derivative	$ 33
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign exchange
Derivative [Line Items]
Notional amount		$ 2,196		$ 2,196		$ 777
Designated as Hedging Instrument \| Cash Flow Hedging \| Production Expense Hedge
Derivative [Line Items]
Notional amount								$ 922
Designated as Hedging Instrument \| Cash Flow Hedging \| Production Rebate Hedge
Derivative [Line Items]
Notional amount								776
Designated as Hedging Instrument \| Net investment hedges \| Cross-currency swaps
Derivative [Line Items]
Notional amount		1,620	$ 664	1,620		3,512
Gain (loss) on derivative		78
Designated as Hedging Instrument \| Net investment hedges \| Cross-currency swaps \| Other (expense) income, net
Derivative [Line Items]
Gain (loss) on derivative			10
Designated as Hedging Instrument \| Net investment hedges \| Cross-currency swaps \| Euro Functional Subsidiaries
Derivative [Line Items]
Notional amount			705
Designated as Hedging Instrument \| Net investment hedges \| Cross-currency swaps \| Accumulated Other Comprehensive Income (Loss), Net of Tax
Derivative [Line Items]
Gain (loss) on derivative			6
Designated as Hedging Instrument \| Net investment hedges \| Foreign exchange
Derivative [Line Items]
Notional amount		173		173			€ 164
Designated as Hedging Instrument \| Net investment hedges \| Certain Currency Swaps
Derivative [Line Items]
Notional amount		2,000		2,000
Not Designated as Hedging Instrument
Derivative [Line Items]
Gain (loss) on derivative						332
Cash received upon settlement						474
Payments for derivative instrument						142
Not Designated as Hedging Instrument \| Interest rate swaps
Derivative [Line Items]
Notional amount			5,000
Not Designated as Hedging Instrument \| Cross-currency swaps
Derivative [Line Items]
Notional amount		139		139		139
Not Designated as Hedging Instrument \| Swaption Collar
Derivative [Line Items]
Notional amount			2,500
Not Designated as Hedging Instrument \| Purchase Payer Swaption
Derivative [Line Items]
Notional amount			7,500
Not Designated as Hedging Instrument \| Treasury Lock
Derivative [Line Items]
Notional amount			14,500
Gain (loss) on derivative			90
Proceeds from derivative termination			90
Not Designated as Hedging Instrument \| Foreign exchange
Derivative [Line Items]
Notional amount		$ 806	375	$ 806		$ 1,020		$ 322
Gain (loss) on derivative			$ (48)

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule of Derivative Instruments, Fair Value) (Details) € in Millions, £ in Millions	Jun. 30, 2022 USD ($)	Jun. 30, 2022 GBP (£)	Jun. 30, 2022 EUR (€)	Apr. 08, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Derivatives, Fair Value [Line Items]
Amounts eligible to be offset under master netting agreements	$ 0					$ 0
Long-term debt, gross	52,759,000,000					15,187,000,000
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	54,000,000					241,000,000
Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets	86,000,000					89,000,000
Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	80,000,000					76,000,000
Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	172,000,000					152,000,000
Not Designated as Hedging Instrument \| Foreign exchange
Derivatives, Fair Value [Line Items]
Notional	806,000,000			$ 322,000,000	$ 375,000,000	1,020,000,000
Not Designated as Hedging Instrument \| Foreign exchange \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	4,000,000					0
Not Designated as Hedging Instrument \| Foreign exchange \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	1,000,000					0
Not Designated as Hedging Instrument \| Foreign exchange \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					34,000,000
Not Designated as Hedging Instrument \| Foreign exchange \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	98,000,000					66,000,000
Not Designated as Hedging Instrument \| Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional	0					15,000,000,000
Not Designated as Hedging Instrument \| Interest rate swaps \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0					126,000,000
Not Designated as Hedging Instrument \| Interest rate swaps \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0					28,000,000
Not Designated as Hedging Instrument \| Interest rate swaps \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					9,000,000
Not Designated as Hedging Instrument \| Interest rate swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					5,000,000
Not Designated as Hedging Instrument \| Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional	139,000,000					139,000,000
Not Designated as Hedging Instrument \| Cross-currency swaps \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	3,000,000					3,000,000
Not Designated as Hedging Instrument \| Cross-currency swaps \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	2,000,000					0
Not Designated as Hedging Instrument \| Cross-currency swaps \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					0
Not Designated as Hedging Instrument \| Cross-currency swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					5,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange
Derivatives, Fair Value [Line Items]
Notional	2,196,000,000					777,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	31,000,000					14,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	54,000,000					0
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	80,000,000					2,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	15,000,000					0
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional	0					2,000,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swaps \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0					44,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swaps \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0					0
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swaps \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					11,000,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					0
Net investment hedges \| Designated as Hedging Instrument \| Sterling Notes
Derivatives, Fair Value [Line Items]
Long-term debt, gross	486,000,000	£ 400
Net investment hedges \| Designated as Hedging Instrument \| Foreign exchange
Derivatives, Fair Value [Line Items]
Notional	173,000,000		€ 164
Net investment hedges \| Designated as Hedging Instrument \| Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional	1,620,000,000				$ 664,000,000	3,512,000,000
Net investment hedges \| Designated as Hedging Instrument \| Cross-currency swaps \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	16,000,000					54,000,000
Net investment hedges \| Designated as Hedging Instrument \| Cross-currency swaps \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	29,000,000					61,000,000
Net investment hedges \| Designated as Hedging Instrument \| Cross-currency swaps \| Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0					20,000,000
Net investment hedges \| Designated as Hedging Instrument \| Cross-currency swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	$ 59,000,000					$ 76,000,000

Derivative Financial Instrume_5

Derivative Financial Instruments (Schedule of Income and Comprehensive Income (Loss) Impact of Items Designated as Cash Flow Hedges) (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in accumulated other comprehensive loss	$ (7)	$ (7)	$ (20)	$ 30
Foreign exchange \| Advertising
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	0	0	1	0
Foreign exchange \| Distribution
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	(2)	2	2	(1)
Foreign exchange \| Cost of Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	18	0	19	0
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in accumulated other comprehensive loss	0	(134)	0	126
Interest rate swaps \| Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	$ (1)	$ (1)	$ (1)	$ (1)

Derivative Financial Instrume_6

Derivative Financial Instruments (Schedule of Comprehensive Income (Loss) Impact of Items Designated as Net Investment Hedges) (Details) - Designated as Hedging Instrument - Net investment hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	$ 99	$ (8)	$ 131	$ 39
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	7	11	22	21
Euro Denominated Borrowings
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	6	0	6	0
Sterling Notes
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	41	(3)	54	(8)
Cross-currency swaps
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	52	(5)	71	47
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	$ 7	$ 11	$ 22	$ 21

Derivative Financial Instrume_7

Derivative Financial Instruments (Schedule of Pre-Tax Impact of Items not Designated as Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total in other (expense) income, net	$ (24)	$ (1)	$ 473	$ (21)
Other expense, net \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other (expense) income, net	(24)	(1)	473	(21)
Interest rate swaps \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other (expense) income, net	0	0	512	0
Cross-currency swaps \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other (expense) income, net	7	1	7	6
Foreign exchange \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other (expense) income, net	$ (31)	$ (2)	$ (46)	$ (27)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Assets And Liabilities Measured On Recurring Basis) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	$ 398	$ 1,111
Liabilities	667	259
Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	39	426
Equity securities	2	425
Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	26	12
Company-owned life insurance contracts		1
Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	231	215
Company-owned life insurance contracts	100	32
Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	52	21
Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	615	238
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	259	652
Liabilities	667	259
Level 1 \| Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	0	0
Equity securities	2	425
Level 1 \| Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	26	12
Company-owned life insurance contracts		0
Level 1 \| Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	231	215
Company-owned life insurance contracts	0	0
Level 1 \| Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	52	21
Level 1 \| Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	615	238
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	139	459
Liabilities	0	0
Level 2 \| Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	39	426
Equity securities	0	0
Level 2 \| Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts		1
Level 2 \| Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts	100	32
Level 2 \| Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 2 \| Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
Liabilities	0	0
Level 3 \| Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	0	0
Equity securities	0	0
Level 3 \| Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts		0
Level 3 \| Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts	0	0
Level 3 \| Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 3 \| Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Billions	Jun. 30, 2022	Dec. 31, 2021
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes, fair value	$ 42.1	$ 17.2

Share-based Compensation (Equit

Share-based Compensation (Equity-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 150	$ 31	$ 210	$ 95
Tax benefit recognized	31	7	40	15
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	(1)	(7)	2	12
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	128	29	166	51
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	23	16	41	26
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 0	$ (7)	$ 1	$ 6

Share-based Compensation (Award

Share-based Compensation (Awards Granted and Converted During Period) (Details) shares in Millions	6 Months Ended
	Jun. 30, 2022 $ / shares shares
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted, Awards (in shares) \| shares	0.4
Awards granted, weighted-average grant price (in dollars per share) \| $ / shares	$ 28.11
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted, Awards (in shares) \| shares	30.1
Awards granted, weighted-average grant price (in dollars per share) \| $ / shares	$ 24.75
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, granted (in shares) \| shares	0.4
Stock options, weighted-average grant price (in dollars per share) \| $ / shares	$ 32.90

Share-based Compensation (Unrec

Share-based Compensation (Unrecognized Compensation Cost) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 887
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 3
Weighted-Average Amortization Period (years)	6 months
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 696
Weighted-Average Amortization Period (years)	2 years 3 months 18 days
RSUs \| Cash Settlement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 41
Weighted-Average Amortization Period (years)	2 years 2 months 12 days
RSUs \| Stock Settlement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Amortization Period (years)	2 years 4 months 24 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 188
Weighted-Average Amortization Period (years)	3 years 9 months 18 days

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Contingency [Line Items]
Income tax (benefit) expense	$ (836)	$ 2	$ (635)	$ 108
Non-cash deferred Income tax benefit		$ 162
Unrecognized tax benefits	1,386		1,386		$ 420
Unrecognized tax benefits, decreases resulting from current period tax positions			256
Unrecognized tax benefits, income tax penalties and interest accrued	258		258		$ 60
WarnerMedia
Income Tax Contingency [Line Items]
Unrecognized tax benefits	860		860
Indemnification assets receivable	286		286
Unrecognized tax benefits, income tax penalties and interest accrued	$ 187		$ 187

Benefit Plans - Narrative (Deta

Benefit Plans - Narrative (Details) $ in Millions	Apr. 08, 2022 USD ($) plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 200
U.S. Nonqualified Plans
Defined Benefit Plan Disclosure [Line Items]
Funded status	278
Projected benefit obligation	$ 278
U.S. Nonqualified Plans \| WarnerMedia
Defined Benefit Plan Disclosure [Line Items]
Number of plans assumed \| plan	4
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Funded status	$ 146
Projected benefit obligation	659
Fair value of plan assets	$ 805

Benefit Plans - Asset (Liabilit

Benefit Plans - Asset (Liabilities) Recognized (Details) $ in Millions	Apr. 08, 2022 USD ($)
Retirement Benefits [Abstract]
Fair value of plan assets	$ 200
Current portion of employee benefit obligation	(27)
Noncurrent portion of employee benefit obligation	(305)
Net amount recognized	$ (132)

Benefit Plans - Assumptions Use

Benefit Plans - Assumptions Used in Determining Pension Plan and SERP Expense (Details)	Apr. 08, 2022
U.S. Nonqualified Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.89%
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.51%
Long-term rate of return on plan assets	1.61%
Rate of compensation increases	5.82%

Supplemental Disclosures (Sched

Supplemental Disclosures (Schedule of Accrued Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Accrued participation and residuals	$ 3,007	$ 0
Accrued production	1,461	4
Content rights payable	1,453	772
Accrued payroll and related benefits	1,432	533
Other accrued liabilities	2,926	921
Total accrued expenses and other current liabilities	$ 10,279	$ 2,230

Supplemental Disclosures - Sche

Supplemental Disclosures - Schedule of Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign currency (losses) gain, net	$ (81)	$ (5)	$ (70)	$ 47
(Losses) gains on derivative instruments, net	(24)	(1)	473	(21)
Change in the value of investments with readily determinable fair value	(70)	29	(90)	46
Gain on sale of equity method investments	133	(1)	133	4
Change in fair value of equity investments without readily determinable fair value	0	81	0	81
Other (expense) income, net	(9)	2	(7)	16
Total other (expense) income, net	$ (51)	$ 105	$ 439	$ 173

Supplemental Disclosures (Sch_2

Supplemental Disclosures (Schedule of Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disclosure Text Block Supplement [Abstract]
Cash paid for taxes, net	$ 442	$ 249
Cash paid for interest, net	390	337
Non-cash investing and financing activities:
Equity issued for the acquisition of WarnerMedia	42,309	0
Accrued purchases of property and equipment	47	32
Assets acquired under finance lease and other arrangements	$ 27	$ 50

Supplemental Disclosures (Sch_3

Supplemental Disclosures (Schedule of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 2,575	$ 3,905
Restricted cash - recorded in prepaid expenses and other current assets (1)	1,321	0
Total cash, cash equivalents, and restricted cash	$ 3,896	$ 3,905	$ 2,834	$ 2,122

Supplemental Disclosures - Othe

Supplemental Disclosures - Other Comprehensive Income (Loss) Adjustments (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Other comprehensive income (loss)	$ (506)	$ (117)	$ (4)	$ 70
Accumulated Other Comprehensive Loss
Derivative [Line Items]
Unrealized (losses) gains, Net-of-tax	(495)				$ (604)	$ 64
Reclassifications, Net-of-tax	(11)				(19)	2
Other comprehensive (loss) income, Pretax	(485)		(34)		(589)	78
Other comprehensive (loss) income, Tax benefit (expense)	(21)		30		(34)	(12)
Other comprehensive income (loss)	(506)	$ (117)	(4)	$ 70	(623)	66
Currency translation
Derivative [Line Items]
Unrealized (losses) gains, Net-of-tax	(488)				(585)	(59)
Reclassifications, Net-of-tax	0				(2)	0
Other comprehensive (loss) income, Pretax	(463)		108		(548)	(80)
Other comprehensive (loss) income, Tax benefit (expense)	(25)		0		(39)	21
Other comprehensive income (loss)	(488)		108		(587)	(59)
Currency translation \| Foreign currency
Derivative [Line Items]
Unrealized (losses) gains, Pretax	(560)		121		(665)	(109)
Unrealized (losses) gains, Tax benefit (expense)	2		(2)		2	14
Unrealized (losses) gains, Net-of-tax	(558)		119		(663)	(95)
Currency translation \| Foreign currency \| Disposal Group, Not Discontinued Operation, Gain (Loss) On Disposal
Derivative [Line Items]
Reclassifications, Pretax					(2)	0
Reclassifications, Tax benefit (expense)					0	0
Reclassifications, Net-of-tax					(2)	0
Currency translation \| Net investment hedges
Derivative [Line Items]
Unrealized (losses) gains, Pretax	97		(13)		119	29
Unrealized (losses) gains, Tax benefit (expense)	(27)		2		(41)	7
Unrealized (losses) gains, Net-of-tax	70		(11)		78	36
Derivative Adjustments
Derivative [Line Items]
Unrealized (losses) gains, Pretax	(7)		(141)		(20)	156
Unrealized (losses) gains, Tax benefit (expense)	0		29		1	(33)
Unrealized (losses) gains, Net-of-tax	(7)		(112)		(19)	123
Reclassifications, Net-of-tax	(11)				(17)	2
Other comprehensive (loss) income, Pretax	(22)		(142)		(41)	158
Other comprehensive (loss) income, Tax benefit (expense)	4		30		5	(33)
Other comprehensive income (loss)	(18)		(112)		(36)	125
Derivative Adjustments \| Income Statement Items
Derivative [Line Items]
Reclassifications, Pretax	(15)		(1)		(21)	2
Reclassifications, Tax benefit (expense)	4		1		4	0
Reclassifications, Net-of-tax	$ (11)		$ 0		$ (17)	$ 2

Supplemental Disclosures - Accu

Supplemental Disclosures - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 13,227	$ 13,033	$ 12,219	$ 12,000	$ 13,033	$ 12,000
Other comprehensive income (loss)	(506)	(117)	(4)	70
Ending balance	52,619	13,227	12,951	12,219	52,619	12,951
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(947)	(830)	(581)	(651)	(830)	(651)
Other comprehensive income (loss) before reclassifications	(495)				(604)	64
Reclassifications from accumulated other comprehensive loss to net income	(11)				(19)	2
Other comprehensive income (loss)	(506)	(117)	(4)	70	(623)	66
Ending balance	(1,453)	(947)	(585)	(581)	(1,453)	(585)
Currency translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(944)	(845)	(722)	(555)	(845)	(555)
Other comprehensive income (loss) before reclassifications	(488)				(585)	(59)
Reclassifications from accumulated other comprehensive loss to net income	0				(2)	0
Other comprehensive income (loss)	(488)		108		(587)	(59)
Ending balance	(1,432)	(944)	(614)	(722)	(1,432)	(614)
Derivative Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	10	28	156	(81)	28	(81)
Other comprehensive income (loss) before reclassifications	(7)		(112)		(19)	123
Reclassifications from accumulated other comprehensive loss to net income	(11)				(17)	2
Other comprehensive income (loss)	(18)		(112)		(36)	125
Ending balance	(8)	10	44	156	(8)	44
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(13)	(13)	(15)	(15)	(13)	(15)
Other comprehensive income (loss) before reclassifications	0				0	0
Reclassifications from accumulated other comprehensive loss to net income	0				0	0
Other comprehensive income (loss)	0		0		0	0
Ending balance	$ (13)	$ (13)	$ (15)	$ (15)	$ (13)	$ (15)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - Board of Directors Chairman	Jun. 30, 2022
Liberty Global
Related Party Transaction [Line Items]
Aggregate voting power percentage of a related party	30%
Liberty Broadband
Related Party Transaction [Line Items]
Aggregate voting power percentage of a related party	47%

Related Party Transactions (Sch

Related Party Transactions (Schedule of Related Party Transactions, Revenues and Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Total revenues and service charges	$ 870	$ 257	$ 1,119	$ 515
Expenses	(166)	(57)	(242)	(114)
Distributions to noncontrolling interests and redeemable noncontrolling interests	(40)	(30)		(213)
Liberty Group
Related Party Transaction [Line Items]
Total revenues and service charges	535	165	693	340
Equity method investees
Related Party Transaction [Line Items]
Total revenues and service charges	179	68	237	124
Other
Related Party Transaction [Line Items]
Total revenues and service charges	$ 156	$ 24	$ 189	$ 51

Related Party Transactions (S_2

Related Party Transactions (Schedule of Related Party Transactions, Receivables) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Receivables	$ 821	$ 172
Payables	$ 38	$ 23

Commitments and Contingencies_2

Commitments and Contingencies (Commitments) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Other
2024	$ 225,000,000
2025	100,000,000
2026	67,000,000
Thereafter	232,000,000
Total	1,408,000,000
Long-Term Debt, Principal
2022 (remaining six months)	0
2023	1,349,000,000
2024	4,271,000,000
2025	9,647,000,000
2026	790,000,000
Thereafter	36,702,000,000
Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting,	52,759,000,000	$ 15,187,000,000
Long-Term Debt, Interest
2022 (remaining six months)	1,133,000,000
2023	2,243,000,000
2024	2,159,000,000
2025	1,863,000,000
2026	1,729,000,000
Thereafter	27,487,000,000
Total	36,614,000,000
Total
2022 (remaining six months)	8,260,000,000
2023	11,455,000,000
2024	12,341,000,000
2025	15,706,000,000
2026	5,203,000,000
Thereafter	75,402,000,000
Total	128,367,000,000
Other contingent commitment	258,000,000
Other contingent commitment to be paid in year four	$ 251,000,000
SERP
Total
Defined Benefit Plan, Estimated Payment Period	10 years
Content
Content
2022 (remaining six months)	$ 5,658,000,000
2023	6,468,000,000
2024	5,223,000,000
2025	3,807,000,000
2026	2,512,000,000
Thereafter	10,880,000,000
Total	$ 34,548,000,000
Other Purchase Obligations \| Minimum
Total
Contract termination notice, period without penalty	30 days
Other Purchase Obligations \| Maximum
Total
Contract termination notice, period without penalty	60 days
Pension and Other Employee Obligations
Other
2022 (remaining six months)	$ 321,000,000
2023	463,000,000
Six Flag Guarantee
Total
Gross aggregate undiscounted future cash flow requirements cover by guarantee	544,000,000
Payments for guarantee obligations	0
Other Purchase Obligations
Other
2022 (remaining six months)	1,148,000,000
2023	932,000,000
2024	463,000,000
2025	289,000,000
2026	105,000,000
Thereafter	101,000,000
Total	$ 3,038,000,000

Reportable Segments - Narrative

Reportable Segments - Narrative (Details)	3 Months Ended
Reportable Segments - Narrative (Details)	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Reportable Segments (Schedule o

Reportable Segments (Schedule of Revenues by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 9,827	$ 3,062	$ 12,986	$ 5,854
Operating Segments \| Studios
Segment Reporting Information [Line Items]
Total revenues	2,796	2	2,801	7
Operating Segments \| Networks
Segment Reporting Information [Line Items]
Total revenues	5,742	2,844	8,615	5,504
Operating Segments \| DTC
Segment Reporting Information [Line Items]
Total revenues	2,225	216	2,506	343
Corporate
Segment Reporting Information [Line Items]
Total revenues	13	0	13	0
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total revenues	$ (949)	$ 0	$ (949)	$ 0

Reportable Segments (Schedule_2

Reportable Segments (Schedule of Adjusted EBITDA by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	$ 1,664	$ 1,117	$ 2,691	$ 1,954
Operating Segments \| Networks
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	2,262	1,538	3,617	2,947
Operating Segments \| DTC
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	(518)	(329)	(745)	(819)
Operating Segments \| Studios
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	239	2	242	4
Corporate
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	(305)	(94)	(409)	(178)
Inter-segment eliminations \| Studios
Segment Reporting Information [Line Items]
Total Adjusted EBITDA	$ (14)	$ 0	$ (14)	$ 0

Reportable Segments (Schedule_3

Reportable Segments (Schedule of Reconciliation of Adjusted EBITDA to Net Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting [Abstract]
Net (loss) income available to Warner Bros. Discovery, Inc.	$ (3,418)	$ 672	$ (2,962)	$ 812
Net income attributable to redeemable noncontrolling interests	3	8	6	13
Net income attributable to noncontrolling interests	7	38	23	84
Income tax (benefit) expense	(836)	2	(635)	108
(Loss) income before income taxes	(4,244)	720	(3,568)	1,017
Other (expense) income, net	51	(105)	(439)	(173)
Loss from equity investees, net	43	7	57	11
Interest expense, net	511	157	664	320
Operating (loss) income	(3,639)	779	(3,286)	1,175
Loss (gain) on disposition	4	(72)	4	(72)
Restructuring and other charges	1,033	7	1,038	22
Depreciation and amortization	2,266	341	2,791	702
Employee share-based compensation	147	27	204	88
Transaction and integration costs	983	35	1,070	39
Amortization of fair value step-up for content	870	0	870	0
Total Adjusted EBITDA	$ 1,664	$ 1,117	$ 2,691	$ 1,954

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)		1 Months Ended	3 Months Ended
Subsequent Events (Details) - USD ($)	Aug. 04, 2022	Aug. 04, 2022	Jun. 30, 2022
Term Loan
Subsequent Event [Line Items]
Principal repayments of term loans			$ 3,500,000,000
Commercial Paper
Subsequent Event [Line Items]
Revolving line of credit, maximum borrowing capacity			$ 1,500,000,000
Subsequent Event \| Revolving Credit Facility, Amendment
Subsequent Event [Line Items]
Consolidated EBITDA, cash restructuring costs, charges, and expenses, percentage	15%
Subsequent Event \| Term Loan
Subsequent Event [Line Items]
Principal repayments of term loans		$ 1,300,000,000
Subsequent Event \| Commercial Paper
Subsequent Event [Line Items]
Revolving line of credit, maximum borrowing capacity	$ 300,000,000	$ 300,000,000