Amazon.com (AMZN) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-22513
Entity Registrant Name	AMAZON.COM, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1646860
Entity Address, Address Line One	410 Terry Avenue North
Entity Address, City or Town	Seattle,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98109-5210
City Area Code	206
Local Phone Number	266-1000
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMZN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,495,566,881
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001018724
Current Fiscal Year End Date	--12-31

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	$ 73,332	$ 49,734	$ 73,890	$ 54,253	$ 50,067	$ 37,700
OPERATING ACTIVITIES:
Net income	13,485	6,750	23,916	9,922	44,419	13,072
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other	12,038	11,589	23,722	22,712	49,673	45,724
Stock-based compensation	6,722	7,127	11,683	11,875	23,831	23,037
Non-operating expense (income), net	(95)	47	2,639	581	1,310	2,754
Deferred income taxes	(785)	(2,744)	(1,723)	(3,216)	(4,383)	(7,408)
Changes in operating assets and liabilities:
Inventories	(3,085)	(2,373)	(1,309)	(2,002)	2,142	1,910
Accounts receivable, net and other	(2,209)	(2,041)	1,475	2,683	(9,556)	(2,686)
Other assets	(3,055)	(3,126)	(5,756)	(6,329)	(11,692)	(14,542)
Accounts payable	6,005	3,029	(5,277)	(8,235)	8,431	391
Accrued expenses and other	(4,147)	(1,938)	(7,075)	(7,701)	(1,802)	(1,944)
Unearned revenue	407	156	1,975	974	5,579	1,533
Net cash provided by (used in) operating activities	25,281	16,476	44,270	21,264	107,952	61,841
INVESTING ACTIVITIES:
Purchases of property and equipment	(17,620)	(11,455)	(32,545)	(25,662)	(59,612)	(58,632)
Proceeds from property and equipment sales and incentives	1,227	1,043	2,217	2,180	4,633	4,669
Acquisitions, net of cash acquired, non-marketable investments, and other	(571)	(316)	(3,925)	(3,829)	(5,935)	(5,545)
Sales and maturities of marketable securities	3,265	1,551	4,657	2,666	7,618	8,906
Purchases of marketable securities	(8,439)	(496)	(10,404)	(834)	(11,058)	(1,306)
Net cash provided by (used in) investing activities	(22,138)	(9,673)	(40,000)	(25,479)	(64,354)	(51,908)
FINANCING ACTIVITIES:
Proceeds from short-term debt, and other	525	4,399	863	17,179	1,813	40,124
Repayments of short-term debt, and other	(229)	(7,641)	(633)	(11,244)	(15,066)	(34,957)
Proceeds from long-term debt	0	0	0	0	0	8,342
Repayments of long-term debt	(4,169)	(2,000)	(4,499)	(3,386)	(4,789)	(4,643)
Principal repayments of finance leases	(538)	(1,220)	(1,308)	(2,600)	(3,092)	(5,705)
Principal repayments of financing obligations	(79)	(77)	(169)	(134)	(306)	(244)
Net cash provided by (used in) financing activities	(4,490)	(6,539)	(5,746)	(185)	(21,440)	2,917
Foreign currency effect on cash, cash equivalents, and restricted cash	(312)	69	(741)	214	(552)	(483)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(1,659)	333	(2,217)	(4,186)	21,606	12,367
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	$ 71,673	$ 50,067	$ 71,673	$ 50,067	$ 71,673	$ 50,067

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total net sales	$ 147,977	$ 134,383	$ 291,290	$ 261,741
Operating expenses:
Cost of sales	73,785	69,373	146,418	137,164
Fulfillment	23,566	21,305	45,883	42,210
Technology and infrastructure	22,304	21,931	42,728	42,381
Sales and marketing	10,512	10,745	20,174	20,917
General and administrative	3,041	3,202	5,783	6,245
Other operating expense (income), net	97	146	325	369
Total operating expenses	133,305	126,702	261,311	249,286
Operating income	14,672	7,681	29,979	12,455
Interest income	1,180	661	2,173	1,272
Interest expense	(589)	(840)	(1,233)	(1,663)
Other income (expense), net	(18)	61	(2,691)	(382)
Total non-operating income (expense)	573	(118)	(1,751)	(773)
Income before income taxes	15,245	7,563	28,228	11,682
Provision for income taxes	(1,767)	(804)	(4,234)	(1,752)
Equity-method investment activity, net of tax	7	(9)	(78)	(8)
Net income	$ 13,485	$ 6,750	$ 23,916	$ 9,922
Basic earnings per share (in usd per share)	$ 1.29	$ 0.66	$ 2.30	$ 0.97
Diluted earnings per share (in usd per share)	$ 1.26	$ 0.65	$ 2.24	$ 0.95
Weighted-average shares used in computation of earnings per share:
Basic (in shares)	10,447	10,285	10,420	10,268
Diluted (in shares)	10,708	10,449	10,689	10,398
Product
Total net sales	$ 61,569	$ 59,032	$ 122,484	$ 116,013
Service
Total net sales	$ 86,408	$ 75,351	$ 168,806	$ 145,728

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 13,485	$ 6,750	$ 23,916	$ 9,922
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(22), $58, $(32), and $88	(637)	264	(1,733)	650
Available-for-sale debt securities:
Change in net unrealized gains (losses), net of tax of $(5), $(69), $(34), and $(227)	241	17	777	112
Less: reclassification adjustment for losses included in “Other income (expense), net,” net of tax of $(5), $(1), $(15), and $(1)	3	12	4	45
Net change	244	29	781	157
Other, net of tax of $0, $(1), $0, and $(2)	(2)	0	(1)	0
Total other comprehensive income (loss)	(395)	293	(953)	807
Comprehensive income	$ 13,090	$ 7,043	$ 22,963	$ 10,729

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 58	$ (22)	$ 88	$ (32)
Unrealized gains (losses), tax	(69)	(5)	(227)	(34)
Reclassification adjustment for losses (gains) included in “Other income (expense), net,”	(1)	(5)	(1)	(15)
Other comprehensive income, other, tax	$ (1)	$ 0	$ (2)	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 71,178	$ 73,387
Marketable securities	17,914	13,393
Inventories	34,109	33,318
Accounts receivable, net and other	50,106	52,253
Total current assets	173,307	172,351
Property and equipment, net	220,717	204,177
Operating leases	74,575	72,513
Goodwill	22,879	22,789
Other assets	63,340	56,024
Total assets	554,818	527,854
Current liabilities:
Accounts payable	81,817	84,981
Accrued expenses and other	60,351	64,709
Unearned revenue	16,004	15,227
Total current liabilities	158,172	164,917
Long-term lease liabilities	78,084	77,297
Long-term debt	54,889	58,314
Other long-term liabilities	27,226	25,451
Commitments and contingencies (Note 4)
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)	0	0
Common stock ($0.01 par value; 100,000 shares authorized; 10,898 and 11,005 shares issued; 10,383 and 10,490 shares outstanding)	110	109
Treasury stock, at cost	(7,837)	(7,837)
Additional paid-in capital	110,633	99,025
Accumulated other comprehensive income (loss)	(3,993)	(3,040)
Retained earnings	137,534	113,618
Total stockholders’ equity	236,447	201,875
Total liabilities and stockholders’ equity	$ 554,818	$ 527,854

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	500,000,000	500,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000,000	100,000,000,000
Common stock, issued (in shares)	11,005,000,000	10,898,000,000
Common stock, outstanding (in shares)	10,490,000,000	10,383,000,000

Accounting Policies and Supplem

Accounting Policies and Supplemental Disclosures	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Accounting Policies and Supplemental Disclosures	ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2023 Annual Report on Form 10-K. Prior Period Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. “Other assets” were reclassified out of “Accounts receivable, net and other” on our consolidated statements of cash flows. Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our health care services and seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis, and effective January 1, 2024 we changed our estimate of the useful lives for our servers from five Supplemental Cash Flow Information The following table shows supplemental cash flow information (in millions): Three Months Ended Six Months Ended Twelve Months Ended 2023 2024 2023 2024 2023 2024 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on debt, net of capitalized interest $ 954 $ 680 $ 1,356 $ 949 $ 2,289 $ 2,201 Cash paid for operating leases 2,528 2,844 4,995 6,176 9,173 11,634 Cash paid for interest on finance leases 77 72 158 146 330 296 Cash paid for interest on financing obligations 41 50 100 114 194 210 Cash paid for income taxes, net of refunds 3,735 5,700 4,354 6,158 6,791 12,983 Assets acquired under operating leases 4,104 3,911 7,730 7,664 19,254 13,986 Property and equipment acquired under finance leases, net of remeasurements and modifications 240 181 248 223 696 617 Property and equipment recognized during the construction period of build-to-suit lease arrangements 84 31 215 68 1,051 210 Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating — — 720 — 4,766 654 Earnings Per Share Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect. The following table shows the calculation of diluted shares (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Shares used in computation of basic earnings per share 10,285 10,447 10,268 10,420 Total dilutive effect of outstanding stock awards 164 261 130 269 Shares used in computation of diluted earnings per share 10,449 10,708 10,398 10,689 Other Income (Expense), Net “Other income (expense), net” is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Marketable equity securities valuation gains (losses) $ 299 $ 443 $ (181) $ (1,683) Equity warrant valuation gains (losses) (220) (271) (161) (501) Upward adjustments relating to equity investments in private companies 10 6 26 11 Foreign currency gains (losses) 9 (138) 79 (212) Other, net (37) (58) (145) (306) Total other income (expense), net 61 (18) (382) (2,691) Included in “Other income (expense), net” is a marketable equity securities valuation gain (loss) of $187 million and $391 million in Q2 2023 and Q2 2024, and $(280) million and $(1.6) billion for the six months ended June 30, 2023 and 2024, from our equity investment in Rivian Automotive, Inc. (“Rivian”). As of June 30, 2024, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 16% ownership interest, and an approximate 15% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles and jointly-owned intellectual property, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets, and had a fair value of $3.7 billion and $2.1 billion as of December 31, 2023 and June 30, 2024. Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions): Three Months Ended March 31, 2023 2024 Revenues $ 661 $ 1,204 Gross profit (535) (527) Loss from operations (1,433) (1,484) Net loss (1,349) (1,446) Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.0 billion and $2.6 billion as of December 31, 2023 and June 30, 2024. Accounts Receivable, Net and Other Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and sellers, as well as prepaid expenses and other current assets. As of December 31, 2023 and June 30, 2024, customer receivables, net, were $34.1 billion and $33.1 billion, vendor receivables, net, were $8.5 billion and $7.8 billion, seller receivables, net, were $1.0 billion and $0.3 billion, and other receivables, net, were $3.3 billion and $3.0 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. Prepaid expenses and other current assets were $5.4 billion and $5.9 billion as of December 31, 2023 and June 30, 2024. We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.7 billion as of December 31, 2023 and June 30, 2024. Digital Video and Music Content Unearned Revenue Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2023 was $20.9 billion, of which $9.8 billion was recognized as revenue during the six months ended June 30, 2024. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.7 billion of unearned revenue as of December 31, 2023 and June 30, 2024. Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $156.6 billion as of June 30, 2024. The weighted-average remaining life of our long-term contracts is 3.9 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term. Accounting Pronouncements Not Yet Adopted

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Cash, Cash Equivalents, Restricted Cash, and Marketable Securities As of December 31, 2023 and June 30, 2024, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1— Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2— Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3— Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data. The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions): December 31, 2023 June 30, 2024 Total Cost or Gross Gross Total Cash $ 11,706 $ 10,194 $ — $ — $ 10,194 Level 1 securities: Money market funds 39,160 21,631 — — 21,631 Equity securities (1) 4,658 3,017 Level 2 securities: Foreign government and agency securities 505 19 — — 19 U.S. government and agency securities 1,699 1,967 1 (80) 1,888 Corporate debt securities 27,805 51,577 — (110) 51,467 Asset-backed securities 1,646 1,320 — (33) 1,287 Other debt securities 104 87 — (3) 84 $ 87,283 $ 86,795 $ 1 $ (226) $ 89,587 Less: Restricted cash, cash equivalents, and marketable securities (2) (503) (495) Total cash, cash equivalents, and marketable securities $ 86,780 $ 89,092 ___________________ (1) The related unrealized gain (loss) recorded in “Other income (expense), net” was $284 million and $443 million in Q2 2023 and Q2 2024, and $(195) million and $(1.7) billion for the six months ended June 30, 2023 and 2024. (2) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.” The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of June 30, 2024 (in millions): Amortized Estimated Due within one year $ 72,253 $ 72,204 Due after one year through five years 3,220 3,101 Due after five years through ten years 356 345 Due after ten years 772 726 Total $ 76,601 $ 76,376 Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions. Non-Marketable Investments We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2023 and June 30, 2024, these warrants had a fair value of $2.2 billion and $2.1 billion, with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are classified as Level 2 and 3 assets. As of December 31, 2023 and June 30, 2024, equity investments not accounted for under the equity-method and without readily determinable fair values had a carrying value of $754 million and $815 million, with adjustments recognized in “Other income (expense), net” on our consolidated statements of operations. In Q3 2023, we invested in a $1.25 billion note from Anthropic, PBC, which is convertible to equity. In Q1 2024, we invested $2.75 billion in a second convertible note. The notes are classified as available for sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” The notes are classified as Level 3 assets. We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips. All non-marketable investments are recorded within “Other assets” on our consolidated balance sheets. Consolidated Statements of Cash Flows Reconciliation The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2023 June 30, 2024 Cash and cash equivalents $ 73,387 $ 71,178 Restricted cash included in accounts receivable, net and other 497 491 Restricted cash included in other assets 6 4 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 73,890 $ 71,673

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	LEASES We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “ Property and equipment, net Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2023 2024 2023 2024 Operating lease cost $ 2,608 $ 2,921 $ 5,120 $ 5,750 Finance lease cost: Amortization of lease assets 1,539 948 3,085 1,889 Interest on lease liabilities 76 72 156 145 Finance lease cost 1,615 1,020 3,241 2,034 Variable lease cost 494 592 1,012 1,227 Total lease cost $ 4,717 $ 4,533 $ 9,373 $ 9,011 Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2023 June 30, 2024 Weighted-average remaining lease term – operating leases 11.3 years 10.9 years Weighted-average remaining lease term – finance leases 11.9 years 12.0 years Weighted-average discount rate – operating leases 3.3 % 3.4 % Weighted-average discount rate – finance leases 2.7 % 2.9 % Our lease liabilities were as follows (in millions): December 31, 2023 Operating Leases Finance Leases Total Gross lease liabilities $ 90,777 $ 14,106 $ 104,883 Less: imputed interest (15,138) (1,997) (17,135) Present value of lease liabilities 75,639 12,109 87,748 Less: current portion of lease liabilities (8,419) (2,032) (10,451) Total long-term lease liabilities $ 67,220 $ 10,077 $ 77,297 June 30, 2024 Operating Leases Finance Leases Total Gross lease liabilities $ 93,266 $ 12,807 $ 106,073 Less: imputed interest (15,834) (1,980) (17,814) Present value of lease liabilities 77,432 10,827 88,259 Less: current portion of lease liabilities (8,736) (1,439) (10,175) Total long-term lease liabilities $ 68,696 $ 9,388 $ 78,084
Leases	LEASES We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “ Property and equipment, net Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2023 2024 2023 2024 Operating lease cost $ 2,608 $ 2,921 $ 5,120 $ 5,750 Finance lease cost: Amortization of lease assets 1,539 948 3,085 1,889 Interest on lease liabilities 76 72 156 145 Finance lease cost 1,615 1,020 3,241 2,034 Variable lease cost 494 592 1,012 1,227 Total lease cost $ 4,717 $ 4,533 $ 9,373 $ 9,011 Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2023 June 30, 2024 Weighted-average remaining lease term – operating leases 11.3 years 10.9 years Weighted-average remaining lease term – finance leases 11.9 years 12.0 years Weighted-average discount rate – operating leases 3.3 % 3.4 % Weighted-average discount rate – finance leases 2.7 % 2.9 % Our lease liabilities were as follows (in millions): December 31, 2023 Operating Leases Finance Leases Total Gross lease liabilities $ 90,777 $ 14,106 $ 104,883 Less: imputed interest (15,138) (1,997) (17,135) Present value of lease liabilities 75,639 12,109 87,748 Less: current portion of lease liabilities (8,419) (2,032) (10,451) Total long-term lease liabilities $ 67,220 $ 10,077 $ 77,297 June 30, 2024 Operating Leases Finance Leases Total Gross lease liabilities $ 93,266 $ 12,807 $ 106,073 Less: imputed interest (15,834) (1,980) (17,814) Present value of lease liabilities 77,432 10,827 88,259 Less: current portion of lease liabilities (8,736) (1,439) (10,175) Total long-term lease liabilities $ 68,696 $ 9,388 $ 78,084

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of June 30, 2024 (in millions): Six Months Ended December 31, Year Ended December 31, 2024 2025 2026 2027 2028 Thereafter Total Long-term debt principal and interest $ 5,530 $ 6,929 $ 4,582 $ 10,403 $ 3,644 $ 60,176 $ 91,264 Operating lease liabilities 6,247 10,766 10,021 9,160 8,353 48,719 93,266 Finance lease liabilities, including interest 913 1,463 1,378 1,176 1,045 6,832 12,807 Financing obligations, including interest (1) 206 488 496 504 511 6,728 8,933 Leases not yet commenced 1,110 2,852 2,900 2,984 3,062 26,939 39,847 Unconditional purchase obligations (2) 4,739 5,969 4,180 3,226 2,584 11,710 32,408 Other commitments (3) 2,049 1,955 1,216 801 745 10,021 16,787 Total commitments $ 20,794 $ 30,422 $ 24,773 $ 28,254 $ 19,944 $ 171,125 $ 295,312 ___________________ (1) Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $289 million are recorded within “Accrued expenses and other” and $6.6 billion and $6.9 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and June 30, 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.6 years and the weighted-average imputed interest rate was 3.1% and 3.0% as of December 31, 2023 and June 30, 2024. (2) Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content, procure energy, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Renewable energy agreements based on actual generation without a fixed or minimum volume commitment are not included. These agreements also provide the right to receive renewable energy certificates for no additional consideration. (3) Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $5.6 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any. Other Contingencies We are disputing claims and denials of refunds or credits, and monitoring or evaluating potential claims, related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically include (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, including as a result of evolving requirements imposed on marketplaces with respect to third-party sellers, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations. Legal Proceedings The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2023 Annual Report on Form 10-K and in Item 1 of Part I, “Financial Statements — Note 4 — Commitments and Contingencies — Legal Proceedings” of our Quarterly Report on Form 10-Q for the period ended March 31, 2024, as supplemented by the following: Beginning in March 2020 with Frame-Wilson v. Amazon.com, Inc. filed in the United States District Court for the Western District of Washington (“W.D. Wash.”), private litigants have filed a number of cases in the U.S. and Canada alleging, among other things, price fixing arrangements between Amazon.com, Inc. and vendors and third-party sellers in Amazon’s stores, monopolization and attempted monopolization, and consumer protection and unjust enrichment claims. Attorneys General for the District of Columbia and California brought similar suits in May 2021 and September 2022 in the Superior Court of the District of Columbia and the California Superior Court for the County of San Francisco, respectively. Some of the private cases include allegations of several distinct purported classes, including consumers who purchased a product through Amazon’s stores and consumers who purchased a product offered by Amazon through another e-commerce retailer. The complaints seek billions of dollars of alleged damages, treble damages, punitive damages, injunctive relief, civil penalties, attorneys’ fees, and costs. The Federal Trade Commission and a number of state Attorneys General filed a similar lawsuit in September 2023 in the W.D. Wash. alleging violations of federal antitrust and state antitrust and consumer protection laws. That complaint alleges, among other things, that Amazon has a monopoly in markets for online superstores and marketplace services, and unlawfully maintains those monopolies through anticompetitive practices relating to our pricing policies, advertising practices, the structure of Prime, and promotion of our own products on our website. The complaint seeks injunctive and structural relief, an unspecified amount of damages, and costs. In May 2024, the Attorney General of Arizona filed a complaint in the Superior Court of Arizona in Maricopa County alleging that Amazon’s practices related to pricing and the Featured Offers in its stores violate state antitrust and consumer protection laws. That complaint also seeks injunctive relief, an unspecified amount of damages, civil penalties, and costs. Amazon’s motions to dismiss were granted in part and denied in part in Frame-Wilson in March 2022 and March 2023, De Coster v. Amazon.com, Inc. (W.D. Wash.) in January 2023, and the California Attorney General’s lawsuit in March 2023. All three courts dismissed claims alleging that Amazon’s pricing policies are inherently illegal and denied dismissal of claims alleging that Amazon’s pricing policies are an unlawful restraint of trade. In March 2022, the DC Superior Court dismissed the DC Attorney General’s lawsuit in its entirety; the dismissal is under appeal. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters. In March 2024, R2 Semiconductor Inc. filed a complaint against Amazon Web Services EMEA SARL in the Düsseldorf Regional Court in Germany. The complaint alleges, among other things, that use of certain Intel processors by AWS EC2 instances infringes European Patent No. 3,376,653 B1, entitled “Over Voltage Protection of a Switching Converter.” The complaint seeks an injunction, an unspecified amount of damages, and other relief. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter. In addition, we are regularly subject to claims, litigation, and other proceedings, including potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters. The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows. See also “Note 7 — Income Taxes.”

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	DEBT As of June 30, 2024, we had $62.5 billion of unsecured senior notes outstanding (the “Notes”) and $183 million of borrowings under our secured revolving credit facility. Our total long-term debt obligations are as follows (in millions): Maturities (1) Stated Interest Rates Effective Interest Rates December 31, 2023 June 30, 2024 2014 Notes issuance of $6.0 billion 2024 - 2044 3.80% - 4.95% 3.90% - 5.12% 4,000 4,000 2017 Notes issuance of $17.0 billion 2024 - 2057 2.80% - 5.20% 2.95% - 4.33% 15,000 15,000 2020 Notes issuance of $10.0 billion 2025 - 2060 0.80% - 2.70% 0.88% - 2.77% 9,000 9,000 2021 Notes issuance of $18.5 billion 2026 - 2061 1.00% - 3.25% 1.14% - 3.31% 17,500 15,000 April 2022 Notes issuance of $12.8 billion 2025 - 2062 3.00% - 4.10% 3.13% - 4.15% 12,750 11,250 December 2022 Notes issuance of $8.3 billion 2024 - 2032 4.55% - 4.70% 4.61% - 4.83% 8,250 8,250 Credit Facility 682 183 Total face value of long-term debt 67,182 62,683 Unamortized discount and issuance costs, net (374) (365) Less: current portion of long-term debt (8,494) (7,429) Long-term debt $ 58,314 $ 54,889 ___________________ (1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 11.1, 13.6, 17.0, 14.7, 13.4, and 4.4 years as of June 30, 2024. The combined weighted-average remaining life of the Notes was 12.9 years as of June 30, 2024. Interest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $60.6 billion and $54.5 billion as of December 31, 2023 and June 30, 2024, which is based on quoted prices for our debt as of those dates. As of June 30, 2024, we had a $240 million secured revolving credit facility with a lender that was secured by certain seller receivables, which we decreased from $1.5 billion to $352 million in March 2024 and further decreased to $240 million in May 2024 (the “Credit Facility”). The Credit Facility bore interest based on the daily Secured Overnight Financing Rate plus 1.25%, and had a commitment fee of up to 0.45% on the undrawn portion. There were $682 million and $183 million of borrowings outstanding under the Credit Facility as of December 31, 2023 and June 30, 2024, which had an interest rate of 6.6%. We reclassified all of the $352 million outstanding as of March 31, 2024 to be included with the current portion of long-term debt within “Accrued expenses and other” on our consolidated balance sheets. As of December 31, 2023 and June 30, 2024, we had pledged $806 million and $290 million of our cash and seller receivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which was based on Level 2 inputs, approximated its carrying value as of December 31, 2023 and June 30, 2024. In July 2024, we repaid outstanding borrowings and terminated the Credit Facility. In January 2023, we entered into an $8.0 billion unsecured 364-day term loan with a syndicate of lenders (the “Term Loan”), maturing in January 2024 and bearing interest at the Secured Overnight Financing Rate specified in the Term Loan plus 0.75%. The Term Loan was classified as short-term debt and included within “Accrued expenses and other” on our consolidated balance sheets. As of December 31, 2023, the entire amount of the Term Loan had been repaid. We have U.S. Dollar and Euro commercial paper programs (the “Commercial Paper Programs”) under which we may from time to time issue unsecured commercial paper up to a total of $20.0 billion (including up to €3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed 397 days from the date of issue. There were no borrowings outstanding under the Commercial Paper Programs as of December 31, 2023 and June 30, 2024. We use the net proceeds from the issuance of commercial paper for general corporate purposes. We have a $15.0 billion unsecured revolving credit facility with a syndicate of lenders (the “Credit Agreement”), with a term that extends to November 2028 and may be extended for one or more additional one-year terms if approved by the lenders. The interest rate applicable to outstanding balances under the Credit Agreement is the applicable benchmark rate specified in the Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. There were no borrowings outstanding under the Credit Agreement as of December 31, 2023 and June 30, 2024. We have a $5.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders (the “Short-Term Credit Agreement”), which matures in October 2024 and may be extended for one additional period of 364 days if approved by the lenders. The interest rate applicable to outstanding balances under the Short-Term Credit Agreement is the Secured Overnight Financing Rate specified in the Short-Term Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion. There were no borrowings outstanding under the Short-Term Credit Agreement as of December 31, 2023 and June 30, 2024.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Stock Repurchase Activity In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration. There were no repurchases of our common stock during the six months ended June 30, 2023 or 2024. As of June 30, 2024, we have $6.1 billion remaining under the repurchase program. Stock Award Plans Employees vest in restricted stock unit awards over the corresponding service term, generally between two Stock Award Activity Common shares outstanding plus shares underlying outstanding stock awards totaled 10.8 billion and 10.9 billion as of December 31, 2023 and June 30, 2024. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Cost of sales $ 251 $ 266 $ 416 $ 440 Fulfillment 932 944 1,535 1,580 Technology and infrastructure 4,043 3,670 6,617 6,442 Sales and marketing 1,303 1,224 2,296 2,156 General and administrative 598 618 1,011 1,065 Total stock-based compensation expense $ 7,127 $ 6,722 $ 11,875 $ 11,683 The following table summarizes our restricted stock unit activity for the six months ended June 30, 2024 (in millions): Number of Units Weighted-Average Outstanding as of December 31, 2023 405.8 $ 125 Units granted 105.0 180 Units vested (107.3) 132 Units forfeited (23.0) 130 Outstanding as of June 30, 2024 380.5 138 Scheduled vesting for outstanding restricted stock units as of June 30, 2024, is as follows (in millions): Six Months Ended December 31, Year Ended December 31, 2024 2025 2026 2027 2028 Thereafter Total Scheduled vesting — restricted stock units 104.4 149.3 88.7 28.8 6.1 3.2 380.5 As of June 30, 2024, there was $22.1 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a remaining weighted-average recognition period of 1.0 year. The estimated forfeiture rate as of December 31, 2023 and June 30, 2024 was 26.1% and 25.8%. Changes in Stockholders’ Equity The following table shows changes in stockholders’ equity (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Total beginning stockholders’ equity $ 154,526 $ 216,661 $ 146,043 $ 201,875 Beginning common stock 108 109 108 109 Stock-based compensation and issuance of employee benefit plan stock — 1 — 1 Ending common stock 108 110 108 110 Beginning and ending treasury stock (7,837) (7,837) (7,837) (7,837) Beginning additional paid-in capital 79,863 103,938 75,066 99,025 Stock-based compensation and issuance of employee benefit plan stock 7,033 6,695 11,830 11,608 Ending additional paid-in capital 86,896 110,633 86,896 110,633 Beginning accumulated other comprehensive income (loss) (3,973) (3,598) (4,487) (3,040) Other comprehensive income (loss) 293 (395) 807 (953) Ending accumulated other comprehensive income (loss) (3,680) (3,993) (3,680) (3,993) Beginning retained earnings 86,365 124,049 83,193 113,618 Net income 6,750 13,485 9,922 23,916 Ending retained earnings 93,115 137,534 93,115 137,534 Total ending stockholders’ equity $ 168,602 $ 236,447 $ 168,602 $ 236,447

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions. For 2024, we estimate that our effective tax rate will be favorably impacted by the U.S. federal research and development credit and foreign income deduction and adversely affected by state income taxes. In addition, valuation gains and losses from our equity investment in Rivian impact our pre-tax income and may cause variability in our effective tax rate. Our income tax provision for the six months ended June 30, 2023 was $1.8 billion, which included $306 million of net discrete tax benefits, consisting of $805 million resulting from a change in the estimated qualifying expenditures associated with our 2022 U.S. federal R&D credit and a related increase in our foreign income deduction tax benefit, partially offset by discrete tax expense related to shortfalls from stock-based compensation. Our income tax provision for the six months ended June 30, 2024 was $4.2 billion, which included $1.9 billion of net discrete tax benefits primarily attributable to excess tax benefits from stock-based compensation. Cash paid for income taxes, net of refunds was $3.7 billion and $5.7 billion in Q2 2023 and Q2 2024, and $4.4 billion and $6.2 billion for the six months ended June 30, 2023 and 2024. As of December 31, 2023 and June 30, 2024, income tax contingencies were approximately $5.2 billion and $5.6 billion. Changes in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors, including the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to our contingencies related to positions on prior years’ tax filings. We are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These examinations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination as well as subsequent periods. We are also subject to taxation in various states and other foreign jurisdictions including China, France, Germany, India, Japan, Luxembourg, and the United Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular jurisdictions primarily for 2011 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and characterization of income. In September 2022, the Luxembourg tax authority (“LTA”) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the U.S. in 2021. When we are assessed by the LTA, we will need to remit taxes related to this matter. We believe the LTA’s position is without merit, we intend to defend ourselves vigorously in this matter, and we expect to recoup taxes paid.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology costs recorded in “Technology and infrastructure” are incurred in the U.S. and are included in our North America and AWS segments. The majority of infrastructure costs recorded in “Technology and infrastructure” are allocated to the AWS segment based on usage. There are no internal revenue transactions between our reportable segments. Our chief operating decision maker (“CODM”) regularly reviews consolidated net sales, consolidated operating expenses, and consolidated operating income (loss) by segment. Amounts included in consolidated operating expenses include “Cost of sales,” “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” “General and administrative,” and “Other operating expense (income), net.” Our CODM manages our business by reviewing annual forecasts and consolidated results by segment on a quarterly basis. North America The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through North America-focused online and physical stores. This segment includes export sales from these online stores. International The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores. AWS The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions. Information on reportable segments and reconciliation to consolidated net income is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 North America Net sales $ 82,546 $ 90,033 $ 159,427 $ 176,374 Operating expenses 79,335 84,968 155,318 166,326 Operating income $ 3,211 $ 5,065 $ 4,109 $ 10,048 International Net sales $ 29,697 $ 31,663 $ 58,820 $ 63,598 Operating expenses 30,592 31,390 60,962 62,422 Operating income (loss) $ (895) $ 273 $ (2,142) $ 1,176 AWS Net sales $ 22,140 $ 26,281 $ 43,494 $ 51,318 Operating expenses 16,775 16,947 33,006 32,563 Operating income $ 5,365 $ 9,334 $ 10,488 $ 18,755 Consolidated Net sales $ 134,383 $ 147,977 $ 261,741 $ 291,290 Operating expenses 126,702 133,305 249,286 261,311 Operating income 7,681 14,672 12,455 29,979 Total non-operating income (expense) (118) 573 (773) (1,751) Provision for income taxes (804) (1,767) (1,752) (4,234) Equity-method investment activity, net of tax (9) 7 (8) (78) Net income $ 6,750 $ 13,485 $ 9,922 $ 23,916 Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Net Sales: Online stores (1) $ 52,966 $ 55,392 $ 104,062 $ 110,062 Physical stores (2) 5,024 5,206 9,919 10,408 Third-party seller services (3) 32,332 36,201 62,152 70,797 Advertising services (4) 10,683 12,771 20,192 24,595 Subscription services (5) 9,894 10,866 19,551 21,588 AWS 22,140 26,281 43,494 51,318 Other (6) 1,344 1,260 2,371 2,522 Consolidated $ 134,383 $ 147,977 $ 261,741 $ 291,290 ____________________________ (1) Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.” (2) Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.” (3) Includes commissions and any related fulfillment and shipping fees, and other third-party seller services. (4) Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising. (5) Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services. (6)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income	$ 13,485	$ 6,750	$ 23,916	$ 9,922	$ 44,419	$ 13,072

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Jonathan Rubinstein [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 15, 2024, Jonathan Rubinstein, a member of our Board of Directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 18,670 shares of Amazon.com, Inc. common stock over a period ending on May 15, 2026, subject to certain conditions.
Name	Jonathan Rubinstein
Title	Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 15, 2024
Expiration Date	May 15, 2026
Arrangement Duration	730 days
Aggregate Available	18,670	18,670
Brian Olsavsky [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 17, 2024, Brian Olsavsky, Senior Vice President and Chief Financial Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 29,200 shares of Amazon.com, Inc. common stock over a period ending on November 29, 2024, subject to certain conditions.
Name	Brian Olsavsky
Title	Senior Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 17, 2024
Expiration Date	November 29, 2024
Arrangement Duration	196 days
Aggregate Available	29,200	29,200
Shelley Reynolds [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 22, 2024, Shelley Reynolds, Vice President, Worldwide Controller, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 2,182 shares of Amazon.com, Inc. common stock over a period ending on November 29, 2024, subject to certain conditions.
Name	Shelley Reynolds
Title	Vice President, Worldwide Controller
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 22, 2024
Expiration Date	November 29, 2024
Arrangement Duration	191 days
Aggregate Available	2,182	2,182

Accounting Policies and Suppl_2

Accounting Policies and Supplemental Disclosures (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2023 Annual Report on Form 10-K.
Prior Period Reclassifications	Prior Period Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. “Other assets” were reclassified out of “Accounts receivable, net and other” on our consolidated statements of cash flows.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our health care services and seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. five
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Inventories	Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.0 billion and $2.6 billion as of December 31, 2023 and June 30, 2024.
Accounts Receivable, Net and Other	Accounts Receivable, Net and Other Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and sellers, as well as prepaid expenses and other current assets. As of December 31, 2023 and June 30, 2024, customer receivables, net, were $34.1 billion and $33.1 billion, vendor receivables, net, were $8.5 billion and $7.8 billion, seller receivables, net, were $1.0 billion and $0.3 billion, and other receivables, net, were $3.3 billion and $3.0 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. Prepaid expenses and other current assets were $5.4 billion and $5.9 billion as of December 31, 2023 and June 30, 2024. We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.7 billion as of December 31, 2023 and June 30, 2024.
Digital Video and Music Content	Digital Video and Music Content
Unearned Revenue	Unearned Revenue Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2023 was $20.9 billion, of which $9.8 billion was recognized as revenue during the six months ended June 30, 2024. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.7 billion of unearned revenue as of December 31, 2023 and June 30, 2024. Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $156.6 billion as of June 30, 2024. The weighted-average remaining life of our long-term contracts is 3.9 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted

Accounting Policies and Suppl_3

Accounting Policies and Supplemental Disclosures (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Supplemental Cash Flow Information	The following table shows supplemental cash flow information (in millions): Three Months Ended Six Months Ended Twelve Months Ended 2023 2024 2023 2024 2023 2024 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on debt, net of capitalized interest $ 954 $ 680 $ 1,356 $ 949 $ 2,289 $ 2,201 Cash paid for operating leases 2,528 2,844 4,995 6,176 9,173 11,634 Cash paid for interest on finance leases 77 72 158 146 330 296 Cash paid for interest on financing obligations 41 50 100 114 194 210 Cash paid for income taxes, net of refunds 3,735 5,700 4,354 6,158 6,791 12,983 Assets acquired under operating leases 4,104 3,911 7,730 7,664 19,254 13,986 Property and equipment acquired under finance leases, net of remeasurements and modifications 240 181 248 223 696 617 Property and equipment recognized during the construction period of build-to-suit lease arrangements 84 31 215 68 1,051 210 Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating — — 720 — 4,766 654
Calculation of Diluted Shares	The following table shows the calculation of diluted shares (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Shares used in computation of basic earnings per share 10,285 10,447 10,268 10,420 Total dilutive effect of outstanding stock awards 164 261 130 269 Shares used in computation of diluted earnings per share 10,449 10,708 10,398 10,689
Other Income (Expense), Net	Other income (expense), net” is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Marketable equity securities valuation gains (losses) $ 299 $ 443 $ (181) $ (1,683) Equity warrant valuation gains (losses) (220) (271) (161) (501) Upward adjustments relating to equity investments in private companies 10 6 26 11 Foreign currency gains (losses) 9 (138) 79 (212) Other, net (37) (58) (145) (306) Total other income (expense), net 61 (18) (382) (2,691)
Summarized Financial Information of Equity Investment	Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions): Three Months Ended March 31, 2023 2024 Revenues $ 661 $ 1,204 Gross profit (535) (527) Loss from operations (1,433) (1,484) Net loss (1,349) (1,446)

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Fair Value by Major Security Type	The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions): December 31, 2023 June 30, 2024 Total Cost or Gross Gross Total Cash $ 11,706 $ 10,194 $ — $ — $ 10,194 Level 1 securities: Money market funds 39,160 21,631 — — 21,631 Equity securities (1) 4,658 3,017 Level 2 securities: Foreign government and agency securities 505 19 — — 19 U.S. government and agency securities 1,699 1,967 1 (80) 1,888 Corporate debt securities 27,805 51,577 — (110) 51,467 Asset-backed securities 1,646 1,320 — (33) 1,287 Other debt securities 104 87 — (3) 84 $ 87,283 $ 86,795 $ 1 $ (226) $ 89,587 Less: Restricted cash, cash equivalents, and marketable securities (2) (503) (495) Total cash, cash equivalents, and marketable securities $ 86,780 $ 89,092 ___________________ (1) The related unrealized gain (loss) recorded in “Other income (expense), net” was $284 million and $443 million in Q2 2023 and Q2 2024, and $(195) million and $(1.7) billion for the six months ended June 30, 2023 and 2024. (2)
Investments Classified by Contractual Maturity Date	The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of June 30, 2024 (in millions): Amortized Estimated Due within one year $ 72,253 $ 72,204 Due after one year through five years 3,220 3,101 Due after five years through ten years 356 345 Due after ten years 772 726 Total $ 76,601 $ 76,376
Consolidated Statements of Cash Flow Reconciliation - Cash and Cash Equivalents	The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2023 June 30, 2024 Cash and cash equivalents $ 73,387 $ 71,178 Restricted cash included in accounts receivable, net and other 497 491 Restricted cash included in other assets 6 4 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 73,890 $ 71,673
Consolidated Statements of Cash Flow Reconciliation - Restricted Cash	The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions): December 31, 2023 June 30, 2024 Cash and cash equivalents $ 73,387 $ 71,178 Restricted cash included in accounts receivable, net and other 497 491 Restricted cash included in other assets 6 4 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 73,890 $ 71,673

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Lease Cost	Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2023 2024 2023 2024 Operating lease cost $ 2,608 $ 2,921 $ 5,120 $ 5,750 Finance lease cost: Amortization of lease assets 1,539 948 3,085 1,889 Interest on lease liabilities 76 72 156 145 Finance lease cost 1,615 1,020 3,241 2,034 Variable lease cost 494 592 1,012 1,227 Total lease cost $ 4,717 $ 4,533 $ 9,373 $ 9,011
Other Information about Lease Amounts Recognized	Other information about lease amounts recognized in our consolidated financial statements is as follows: December 31, 2023 June 30, 2024 Weighted-average remaining lease term – operating leases 11.3 years 10.9 years Weighted-average remaining lease term – finance leases 11.9 years 12.0 years Weighted-average discount rate – operating leases 3.3 % 3.4 % Weighted-average discount rate – finance leases 2.7 % 2.9 %
Lease Liabilities	Our lease liabilities were as follows (in millions): December 31, 2023 Operating Leases Finance Leases Total Gross lease liabilities $ 90,777 $ 14,106 $ 104,883 Less: imputed interest (15,138) (1,997) (17,135) Present value of lease liabilities 75,639 12,109 87,748 Less: current portion of lease liabilities (8,419) (2,032) (10,451) Total long-term lease liabilities $ 67,220 $ 10,077 $ 77,297 June 30, 2024 Operating Leases Finance Leases Total Gross lease liabilities $ 93,266 $ 12,807 $ 106,073 Less: imputed interest (15,834) (1,980) (17,814) Present value of lease liabilities 77,432 10,827 88,259 Less: current portion of lease liabilities (8,736) (1,439) (10,175) Total long-term lease liabilities $ 68,696 $ 9,388 $ 78,084

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Principal Contractual Commitments, Excluding Open Orders for Purchases	The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of June 30, 2024 (in millions): Six Months Ended December 31, Year Ended December 31, 2024 2025 2026 2027 2028 Thereafter Total Long-term debt principal and interest $ 5,530 $ 6,929 $ 4,582 $ 10,403 $ 3,644 $ 60,176 $ 91,264 Operating lease liabilities 6,247 10,766 10,021 9,160 8,353 48,719 93,266 Finance lease liabilities, including interest 913 1,463 1,378 1,176 1,045 6,832 12,807 Financing obligations, including interest (1) 206 488 496 504 511 6,728 8,933 Leases not yet commenced 1,110 2,852 2,900 2,984 3,062 26,939 39,847 Unconditional purchase obligations (2) 4,739 5,969 4,180 3,226 2,584 11,710 32,408 Other commitments (3) 2,049 1,955 1,216 801 745 10,021 16,787 Total commitments $ 20,794 $ 30,422 $ 24,773 $ 28,254 $ 19,944 $ 171,125 $ 295,312 ___________________ (1) Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $289 million are recorded within “Accrued expenses and other” and $6.6 billion and $6.9 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and June 30, 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.6 years and the weighted-average imputed interest rate was 3.1% and 3.0% as of December 31, 2023 and June 30, 2024. (2) Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content, procure energy, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Renewable energy agreements based on actual generation without a fixed or minimum volume commitment are not included. These agreements also provide the right to receive renewable energy certificates for no additional consideration. (3) Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $5.6 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt Obligations	Our total long-term debt obligations are as follows (in millions): Maturities (1) Stated Interest Rates Effective Interest Rates December 31, 2023 June 30, 2024 2014 Notes issuance of $6.0 billion 2024 - 2044 3.80% - 4.95% 3.90% - 5.12% 4,000 4,000 2017 Notes issuance of $17.0 billion 2024 - 2057 2.80% - 5.20% 2.95% - 4.33% 15,000 15,000 2020 Notes issuance of $10.0 billion 2025 - 2060 0.80% - 2.70% 0.88% - 2.77% 9,000 9,000 2021 Notes issuance of $18.5 billion 2026 - 2061 1.00% - 3.25% 1.14% - 3.31% 17,500 15,000 April 2022 Notes issuance of $12.8 billion 2025 - 2062 3.00% - 4.10% 3.13% - 4.15% 12,750 11,250 December 2022 Notes issuance of $8.3 billion 2024 - 2032 4.55% - 4.70% 4.61% - 4.83% 8,250 8,250 Credit Facility 682 183 Total face value of long-term debt 67,182 62,683 Unamortized discount and issuance costs, net (374) (365) Less: current portion of long-term debt (8,494) (7,429) Long-term debt $ 58,314 $ 54,889 ___________________ (1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 11.1, 13.6, 17.0, 14.7, 13.4, and 4.4 years as of June 30, 2024. The combined weighted-average remaining life of the Notes was 12.9 years as of June 30, 2024.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stock-Based Compensation Expense	Stock-based compensation expense is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Cost of sales $ 251 $ 266 $ 416 $ 440 Fulfillment 932 944 1,535 1,580 Technology and infrastructure 4,043 3,670 6,617 6,442 Sales and marketing 1,303 1,224 2,296 2,156 General and administrative 598 618 1,011 1,065 Total stock-based compensation expense $ 7,127 $ 6,722 $ 11,875 $ 11,683
Restricted Stock Unit Activity	The following table summarizes our restricted stock unit activity for the six months ended June 30, 2024 (in millions): Number of Units Weighted-Average Outstanding as of December 31, 2023 405.8 $ 125 Units granted 105.0 180 Units vested (107.3) 132 Units forfeited (23.0) 130 Outstanding as of June 30, 2024 380.5 138
Scheduled Vesting for Outstanding Restricted Stock Units	Scheduled vesting for outstanding restricted stock units as of June 30, 2024, is as follows (in millions): Six Months Ended December 31, Year Ended December 31, 2024 2025 2026 2027 2028 Thereafter Total Scheduled vesting — restricted stock units 104.4 149.3 88.7 28.8 6.1 3.2 380.5
Changes in Stockholders' Equity	The following table shows changes in stockholders’ equity (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Total beginning stockholders’ equity $ 154,526 $ 216,661 $ 146,043 $ 201,875 Beginning common stock 108 109 108 109 Stock-based compensation and issuance of employee benefit plan stock — 1 — 1 Ending common stock 108 110 108 110 Beginning and ending treasury stock (7,837) (7,837) (7,837) (7,837) Beginning additional paid-in capital 79,863 103,938 75,066 99,025 Stock-based compensation and issuance of employee benefit plan stock 7,033 6,695 11,830 11,608 Ending additional paid-in capital 86,896 110,633 86,896 110,633 Beginning accumulated other comprehensive income (loss) (3,973) (3,598) (4,487) (3,040) Other comprehensive income (loss) 293 (395) 807 (953) Ending accumulated other comprehensive income (loss) (3,680) (3,993) (3,680) (3,993) Beginning retained earnings 86,365 124,049 83,193 113,618 Net income 6,750 13,485 9,922 23,916 Ending retained earnings 93,115 137,534 93,115 137,534 Total ending stockholders’ equity $ 168,602 $ 236,447 $ 168,602 $ 236,447

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Information on Reportable Segments and Reconciliation to Consolidated Net Income	Information on reportable segments and reconciliation to consolidated net income is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 North America Net sales $ 82,546 $ 90,033 $ 159,427 $ 176,374 Operating expenses 79,335 84,968 155,318 166,326 Operating income $ 3,211 $ 5,065 $ 4,109 $ 10,048 International Net sales $ 29,697 $ 31,663 $ 58,820 $ 63,598 Operating expenses 30,592 31,390 60,962 62,422 Operating income (loss) $ (895) $ 273 $ (2,142) $ 1,176 AWS Net sales $ 22,140 $ 26,281 $ 43,494 $ 51,318 Operating expenses 16,775 16,947 33,006 32,563 Operating income $ 5,365 $ 9,334 $ 10,488 $ 18,755 Consolidated Net sales $ 134,383 $ 147,977 $ 261,741 $ 291,290 Operating expenses 126,702 133,305 249,286 261,311 Operating income 7,681 14,672 12,455 29,979 Total non-operating income (expense) (118) 573 (773) (1,751) Provision for income taxes (804) (1,767) (1,752) (4,234) Equity-method investment activity, net of tax (9) 7 (8) (78) Net income $ 6,750 $ 13,485 $ 9,922 $ 23,916
Disaggregation of Revenue	Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions): Three Months Ended Six Months Ended 2023 2024 2023 2024 Net Sales: Online stores (1) $ 52,966 $ 55,392 $ 104,062 $ 110,062 Physical stores (2) 5,024 5,206 9,919 10,408 Third-party seller services (3) 32,332 36,201 62,152 70,797 Advertising services (4) 10,683 12,771 20,192 24,595 Subscription services (5) 9,894 10,866 19,551 21,588 AWS 22,140 26,281 43,494 51,318 Other (6) 1,344 1,260 2,371 2,522 Consolidated $ 134,383 $ 147,977 $ 261,741 $ 291,290 ____________________________ (1) Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.” (2) Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.” (3) Includes commissions and any related fulfillment and shipping fees, and other third-party seller services. (4) Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising. (5) Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services. (6)

Accounting Policies and Suppl_4

Accounting Policies and Supplemental Disclosures - Use of Estimates (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 01, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Reduction in depreciation and amortization	$ (12,038)	$ (11,589)	$ (23,722)	$ (22,712)	$ (49,673)	$ (45,724)
Net Income	$ 13,485	$ 6,750	$ 23,916	$ 9,922	$ 44,419	$ 13,072
Basic earnings per share (in usd per share)	$ 1.29	$ 0.66	$ 2.30	$ 0.97
Diluted earnings per share (in usd per share)	$ 1.26	$ 0.65	$ 2.24	$ 0.95
Change in useful lives of servers and networking equipment
Restructuring Cost and Reserve [Line Items]
Reduction in depreciation and amortization	$ 786		$ 1,700
Net Income	$ 601		$ 1,300
Basic earnings per share (in usd per share)	$ 0.06		$ 0.12
Diluted earnings per share (in usd per share)	$ 0.06		$ 0.12
Servers
Restructuring Cost and Reserve [Line Items]
Estimated useful lives of assets								5 years
Servers | Change in useful lives of servers and networking equipment
Restructuring Cost and Reserve [Line Items]
Estimated useful lives of assets							6 years

Accounting Policies and Suppl_5

Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest	$ 680	$ 954	$ 949	$ 1,356	$ 2,201	$ 2,289
Cash paid for operating leases	2,844	2,528	6,176	4,995	11,634	9,173
Cash paid for interest on finance leases	72	77	146	158	296	330
Cash paid for interest on financing obligations	50	41	114	100	210	194
Cash paid for income taxes, net of refunds	5,700	3,735	6,158	4,354	12,983	6,791
Assets acquired under operating leases	3,911	4,104	7,664	7,730	13,986	19,254
Property and equipment acquired under finance leases, net of remeasurements and modifications	181	240	223	248	617	696
Property and equipment recognized during the construction period of build-to-suit lease arrangements	31	84	68	215	210	1,051
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	$ 0	$ 0	$ 0	$ 720	$ 654	$ 4,766

Accounting Policies and Suppl_6

Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Shares used in computation of basic earnings per share (in shares)	10,447	10,285	10,420	10,268
Total dilutive effect of outstanding stock awards (in shares)	261	164	269	130
Shares used in computation of diluted earnings per share (in shares)	10,708	10,449	10,689	10,398

Accounting Policies and Suppl_7

Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	$ 443		$ 299		$ (1,683)	$ (181)
Equity warrant valuation gains (losses)	(271)		(220)		(501)	(161)
Upward adjustments relating to equity investments in private companies	6		10		11	26
Foreign currency gains (losses)	(138)		9		(212)	79
Other, net	(58)		(37)		(306)	(145)
Total other income (expense), net	(18)		61		(2,691)	(382)
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	443		299		(1,683)	(181)
Loss from operations	14,672		7,681		29,979	12,455
Net loss	13,485		6,750		23,916	9,922	$ 44,419	$ 13,072
Equity method investment, nonconsolidated investee
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	391		187		(1,600)	(280)
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	$ 391		$ 187		$ (1,600)	$ (280)
Equity investment, shares held (in shares)	158				158		158
Equity investment, ownership percentage	16%				16%		16%
Equity investment, voting interest	15%				15%		15%
Equity investment, fair value	$ 2,100				$ 2,100		$ 2,100		$ 3,700
Revenues		$ 1,204		$ 661
Gross profit		(527)		(535)
Loss from operations		(1,484)		(1,433)
Net loss		$ (1,446)		$ (1,349)

Accounting Policies and Suppl_8

Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Inventory valuation allowance	$ 2.6	$ 3

Accounting Policies and Suppl_9

Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 50,106	$ 52,253
Prepaid expenses and other current assets	5,900	5,400
Allowance for doubtful accounts	1,700	1,700
Customer receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	33,100	34,100
Vendor receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	7,800	8,500
Seller receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	300	1,000
Other receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 3,000	$ 3,300

Accounting Policies and Supp_10

Accounting Policies and Supplemental Disclosures - Video and Music Content (Details) - USD ($) $ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Digital video and music content, capitalized costs	$ 18.4		$ 18.4		$ 17.4
Digital video and music content, expense	$ 4.6	$ 4.4	$ 9.2	$ 8.4

Accounting Policies and Supp_11

Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($) $ in Billions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Unearned revenue		$ 20.9
Unearned revenue, revenue recognized	$ 9.8
Unearned revenue, long-term	6.7	$ 5.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, contracts exceeding one year	$ 156.6
Remaining performance obligation, weighted average remaining life	3 years 10 months 24 days

Financial Instruments - Fair Va

Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Equity Securities, FV-NI, Gain (Loss)
Equity securities, unrealized gain (loss)	$ 443	$ 284	$ (1,700)	$ (195)
Recurring
Schedule of Investments [Line Items]
Cash	10,194		10,194		$ 11,706
Debt Securities, Available-for-sale
Gross unrealized gains	1		1
Gross unrealized losses	(226)		(226)
Cash, Cash Equivalents, and Marketable Securities
Cash, cash equivalents and marketable securities	89,587		89,587		87,283
Cash, cash equivalents and marketable securities, amortized cost	86,795		86,795
Less: Restricted cash, cash equivalents, and marketable securities	(495)		(495)		(503)
Total cash, cash equivalents, and marketable securities	89,092		89,092		86,780
Recurring | Level 1 securities
Schedule of Investments [Line Items]
Equity securities	3,017		3,017		4,658
Recurring | Level 1 securities | Money market funds
Schedule of Investments [Line Items]
Money market funds	21,631		21,631		39,160
Recurring | Level 1 securities | Money market funds | Money market funds
Schedule of Investments [Line Items]
Money market funds	21,631		21,631
Recurring | Level 2 securities | Foreign government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	19		19
Gross unrealized gains	0		0
Gross unrealized losses	0		0
Fixed income securities	19		19		505
Recurring | Level 2 securities | U.S. government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	1,967		1,967
Gross unrealized gains	1		1
Gross unrealized losses	(80)		(80)
Fixed income securities	1,888		1,888		1,699
Recurring | Level 2 securities | Corporate debt securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	51,577		51,577
Gross unrealized gains	0		0
Gross unrealized losses	(110)		(110)
Fixed income securities	51,467		51,467		27,805
Recurring | Level 2 securities | Asset-backed securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	1,320		1,320
Gross unrealized gains	0		0
Gross unrealized losses	(33)		(33)
Fixed income securities	1,287		1,287		1,646
Recurring | Level 2 securities | Other debt securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	87		87
Gross unrealized gains	0		0
Gross unrealized losses	(3)		(3)
Fixed income securities	$ 84		$ 84		$ 104

Financial Instruments - Contrac

Financial Instruments - Contractual Maturities (Details) $ in Millions	Jun. 30, 2024 USD ($)
Amortized Cost
Due within one year	$ 72,253
Due after one year through five years	3,220
Due after five years through ten years	356
Due after ten years	772
Amortized cost	76,601
Estimated Fair Value
Due within one year	72,204
Due after one year through five years	3,101
Due after five years through ten years	345
Due after ten years	726
Estimated fair value	$ 76,376

Financial Instruments - Equity

Financial Instruments - Equity Warrants and Non-Marketable Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Equity investments without readily determinable fair values			$ 815	$ 754
Payments to acquire nonmarketable securities	$ 2,750	$ 1,250
Warrant | Level 2 assets
Derivative [Line Items]
Fair value of warrant assets			$ 2,100	$ 2,200

Financial Instruments - Consoli

Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Cash and cash equivalents	$ 71,178		$ 73,387
Restricted cash included in accounts receivable, net and other	491		497
Restricted cash included in other assets	4		6
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 71,673	$ 73,332	$ 73,890	$ 50,067	$ 49,734	$ 54,253	$ 37,700

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Gross assets acquired under finance leases, location	Property and equipment, net	Property and equipment, net
Gross assets acquired under finance leases	$ 59.5	$ 62.5
Accumulated amortization associated with finance leases	$ 43.5	$ 44.7

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 2,921	$ 2,608	$ 5,750	$ 5,120
Finance lease cost:
Amortization of lease assets	948	1,539	1,889	3,085
Interest on lease liabilities	72	76	145	156
Finance lease cost	1,020	1,615	2,034	3,241
Variable lease cost	592	494	1,227	1,012
Total lease cost	$ 4,533	$ 4,717	$ 9,011	$ 9,373

Leases - Other Operating and Fi

Leases - Other Operating and Finance Lease Information (Details)	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term – operating leases	10 years 10 months 24 days	11 years 3 months 18 days
Weighted-average remaining lease term – finance leases	12 years	11 years 10 months 24 days
Weighted-average discount rate – operating leases	3.40%	3.30%
Weighted-average discount rate – finance leases	2.90%	2.70%

Leases - Operating and Finance

Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Total operating lease liabilities	$ 93,266	$ 90,777
Total finance lease liabilities	12,807	14,106
Gross lease liabilities	106,073	104,883
Imputed interest - operating leases	(15,834)	(15,138)
Imputed interest - finance leases	(1,980)	(1,997)
Imputed interest	(17,814)	(17,135)
Present value of operating leases	77,432	75,639
Present value of finance leases	10,827	12,109
Present value of lease liabilities	$ 88,259	$ 87,748
Operating lease liability, current, location	Accrued expenses and other	Accrued expenses and other
Finance lease liability, current location	Accrued expenses and other	Accrued expenses and other
Current portion of operating lease liabilities	$ (8,736)	$ (8,419)
Current portion of finance lease liabilities	(1,439)	(2,032)
Current portion of lease liabilities	$ (10,175)	$ (10,451)
Operating lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Finance lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Total long-term operating lease liabilities	$ 68,696	$ 67,220
Total long-term finance lease liabilities	9,388	10,077
Total long-term lease liabilities	$ 78,084	$ 77,297

Commitments and Contingencies -

Commitments and Contingencies - Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Long-term debt principal and interest
2024	$ 5,530
2025	6,929
2026	4,582
2027	10,403
2028	3,644
Thereafter	60,176
Total	91,264
Operating lease liabilities
2024	6,247
2025	10,766
2026	10,021
2027	9,160
2028	8,353
Thereafter	48,719
Total operating lease liabilities	93,266	$ 90,777
Finance lease liabilities, including interest
2024	913
2025	1,463
2026	1,378
2027	1,176
2028	1,045
Thereafter	6,832
Total finance lease liabilities	12,807	14,106
Financing obligations, including interest
2024	206
2025	488
2026	496
2027	504
2028	511
Thereafter	6,728
Total	8,933
Leases not yet commenced
2024	1,110
2025	2,852
2026	2,900
2027	2,984
2028	3,062
Thereafter	26,939
Total	39,847
Unconditional purchase obligations
2024	4,739
2025	5,969
2026	4,180
2027	3,226
2028	2,584
Thereafter	11,710
Total	32,408
Other commitments
2024	2,049
2025	1,955
2026	1,216
2027	801
2028	745
Thereafter	10,021
Total	16,787
Total commitments
2024	20,794
2025	30,422
2026	24,773
2027	28,254
2028	19,944
Thereafter	171,125
Total	295,312
Financing obligations, current	289	271
Financing obligations, noncurrent	$ 6,900	$ 6,600
Financing obligations, weighted-average remaining term	16 years 7 months 6 days	17 years
Financing obligations, weighted-average imputed interest rate	3%	3.10%
Accrued tax contingencies	$ 5,600	$ 5,200

Debt - Additional Information (

Debt - Additional Information (Details)	1 Months Ended	6 Months Ended
	Jan. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) extension	Jun. 30, 2024 EUR (€)	May 31, 2024 USD ($)	Mar. 31, 2024 USD ($)	Feb. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Total face value of long-term debt		$ 62,683,000,000					$ 67,182,000,000
Short-term debt		$ 76,000,000					147,000,000
Term Loan | Loans Payable
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.75%
Issuance amount	$ 8,000,000,000
Debt term	364 days
Commercial Paper
Debt Instrument [Line Items]
Debt term		397 days
Commercial paper, maximum borrowing capacity		$ 20,000,000,000	€ 3,000,000,000
Commercial paper		$ 0					0
Short Term Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Debt term		364 days
Short-term debt		$ 0					0
The Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 15,000,000,000
Basis spread on variable rate (as a percent)		0.45%
Commitment fee percentage		0.03%
November 2023 Short-Term Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 5,000,000,000
Basis spread on variable rate (as a percent)		0.45%
Commitment fee percentage		0.03%
Additional term		364 days
Number of term extensions | extension		1
Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Short-term debt		$ 0					0
Senior Notes
Debt Instrument [Line Items]
Total face value of long-term debt		62,500,000,000
Estimated fair value of notes		54,500,000,000					60,600,000,000
Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Total face value of long-term debt		$ 183,000,000					682,000,000
Credit Facility | Revolving Credit Facility | October 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity				$ 240,000,000	$ 352,000,000	$ 1,500,000,000
Basis spread on variable rate (as a percent)		1.25%
Commitment fee percentage		0.45%
Borrowings outstanding		$ 183,000,000					$ 682,000,000
Weighted average interest rate		6.60%	6.60%				6.60%
Collateral amount		$ 290,000,000					$ 806,000,000
Credit Facility | Revolving Credit Facility | April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Additional term		1 year
Credit Facility | Letter of Credit | April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Unused letters of credit		$ 7,800,000,000

Debt - Long-Term Debt Obligatio

Debt - Long-Term Debt Obligations (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Face value of long-term debt	$ 62,683	$ 67,182
Less: current portion of long-term debt	(7,429)	(8,494)
Long-term debt	54,889	58,314
Senior Notes
Debt Instrument [Line Items]
Face value of long-term debt	62,500
Unamortized discount and issuance costs, net	$ (365)	(374)
Weighted average remaining lives term	12 years 10 months 24 days
Senior Notes | 2014 Notes issuance of $6.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 6,000
Face value of long-term debt	$ 4,000	4,000
Weighted average remaining lives term	11 years 1 month 6 days
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	3.80%
Effective Interest Rates	3.90%
Senior Notes | 2014 Notes issuance of $6.0 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.95%
Effective Interest Rates	5.12%
Senior Notes | 2017 Notes issuance of $17.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 17,000
Face value of long-term debt	$ 15,000	15,000
Weighted average remaining lives term	13 years 7 months 6 days
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	2.80%
Effective Interest Rates	2.95%
Senior Notes | 2017 Notes issuance of $17.0 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	5.20%
Effective Interest Rates	4.33%
Senior Notes | 2020 Notes issuance of $10.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 10,000
Face value of long-term debt	$ 9,000	9,000
Weighted average remaining lives term	17 years
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	0.80%
Effective Interest Rates	0.88%
Senior Notes | 2020 Notes issuance of $10.0 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	2.70%
Effective Interest Rates	2.77%
Senior Notes | 2021 Notes issuance of $18.5 billion
Debt Instrument [Line Items]
Issuance amount	$ 18,500
Face value of long-term debt	$ 15,000	17,500
Weighted average remaining lives term	14 years 8 months 12 days
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	1%
Effective Interest Rates	1.14%
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	3.25%
Effective Interest Rates	3.31%
Senior Notes | April 2022 Notes issuance of $12.8 billion
Debt Instrument [Line Items]
Issuance amount	$ 12,800
Face value of long-term debt	$ 11,250	12,750
Weighted average remaining lives term	13 years 4 months 24 days
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	3%
Effective Interest Rates	3.13%
Senior Notes | April 2022 Notes issuance of $12.8 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.10%
Effective Interest Rates	4.15%
Senior Notes | December 2022 Notes issuance of $8.3 billion
Debt Instrument [Line Items]
Issuance amount	$ 8,300
Face value of long-term debt	$ 8,250	8,250
Weighted average remaining lives term	4 years 4 months 24 days
Senior Notes | December 2022 Notes issuance of $8.3 billion | Minimum
Debt Instrument [Line Items]
Stated Interest Rates	4.55%
Effective Interest Rates	4.61%
Senior Notes | December 2022 Notes issuance of $8.3 billion | Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.70%
Effective Interest Rates	4.83%
Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Face value of long-term debt	$ 183	$ 682

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) shares in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 31, 2022
Class of Stock [Line Items]
Stock repurchases (in shares)	0	0
Stock repurchase, remaining authorized amount	$ 6,100,000,000
Common shares outstanding plus underlying outstanding stock awards (in shares)	10,900		10,800
Net unrecognized compensation cost related to unvested stock-based compensation arrangements	$ 22,100,000,000
Compensation expense expected to be expensed in next twelve months expected to exceed, percentage	50%
Net unrecognized compensation cost related to unvested stock-based compensation arrangements, weighted average recognition period (in years)	1 year
Estimated forfeiture rate	25.80%		26.10%
Minimum
Class of Stock [Line Items]
Award vesting period	2 years
Maximum
Class of Stock [Line Items]
Award vesting period	5 years
March 2022 Program
Class of Stock [Line Items]
Stock repurchase, authorized amount				$ 10,000,000,000

Stockholders' Equity - Stock-ba

Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 6,722	$ 7,127	$ 11,683	$ 11,875
Cost of sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	266	251	440	416
Fulfillment
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	944	932	1,580	1,535
Technology and infrastructure
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	3,670	4,043	6,442	6,617
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,224	1,303	2,156	2,296
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 618	$ 598	$ 1,065	$ 1,011

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units shares in Millions	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Units
Beginning balance (in shares) | shares	405.8
Units granted (in shares) | shares	105
Units vested (in shares) | shares	(107.3)
Units forfeited (in shares) | shares	(23)
Ending balance (in shares) | shares	380.5
Weighted-Average Grant-Date Fair Value
Beginning balance (in usd per share) | $ / shares	$ 125
Units granted (in usd per share) | $ / shares	180
Units vested (in usd per share) | $ / shares	132
Units forfeited (in usd per share) | $ / shares	130
Ending balance (in usd per share) | $ / shares	$ 138

Stockholders' Equity - Schedule

Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares shares in Millions	Jun. 30, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2024 (in shares)	104.4
2025 (in shares)	149.3
2026 (in shares)	88.7
2027 (in shares)	28.8
2028 (in shares)	6.1
Thereafter (in shares)	3.2
Total (in shares)	380.5	405.8

Stockholders' Equity - Changes

Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in Stockholders' Equity
Beginning balance	$ 216,661	$ 201,875	$ 154,526	$ 146,043	$ 201,875	$ 146,043	$ 168,602
Other comprehensive income (loss)	(395)		293		(953)	807
Net income	13,485		6,750		23,916	9,922	44,419	$ 13,072
Ending balance	236,447	216,661	168,602	154,526	236,447	168,602	236,447	168,602
Common stock
Changes in Stockholders' Equity
Beginning balance	109	109	108	108	109	108	108
Stock-based compensation and issuance of employee benefit plan stock	1		0		1	0
Ending balance	110	109	108	108	110	108	110	108
Treasury stock
Changes in Stockholders' Equity
Beginning balance	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)
Ending balance	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)
Additional paid-in capital
Changes in Stockholders' Equity
Beginning balance	103,938	99,025	79,863	75,066	99,025	75,066	86,896
Stock-based compensation and issuance of employee benefit plan stock	6,695		7,033		11,608	11,830
Ending balance	110,633	103,938	86,896	79,863	110,633	86,896	110,633	86,896
Accumulated other comprehensive income (loss)
Changes in Stockholders' Equity
Beginning balance	(3,598)	(3,040)	(3,973)	(4,487)	(3,040)	(4,487)	(3,680)
Other comprehensive income (loss)	(395)		293		(953)	807
Ending balance	(3,993)	(3,598)	(3,680)	(3,973)	(3,993)	(3,680)	(3,993)	(3,680)
Retained earnings
Changes in Stockholders' Equity
Beginning balance	124,049	113,618	86,365	83,193	113,618	83,193	93,115
Net income	13,485		6,750		23,916	9,922
Ending balance	$ 137,534	$ 124,049	$ 93,115	$ 86,365	$ 137,534	$ 93,115	$ 137,534	$ 93,115

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 1,767	$ 804	$ 4,234	$ 1,752
Net discrete tax benefit			1,900	306
Income tax benefit, R&D tax credits				805
Cash paid for income taxes, net of refunds	5,700	$ 3,735	6,158	$ 4,354	$ 12,983	$ 6,791
Tax contingencies	$ 5,600		$ 5,600		$ 5,600		$ 5,200

Segment Information - Reportabl

Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			3
Segment Reporting Disclosure [Line Items]
Net sales	$ 147,977	$ 134,383	$ 291,290	$ 261,741
Operating expenses	133,305	126,702	261,311	249,286
Operating income	14,672	7,681	29,979	12,455
Total non-operating income (expense)	573	(118)	(1,751)	(773)
Provision for income taxes	(1,767)	(804)	(4,234)	(1,752)
Equity-method investment activity, net of tax	7	(9)	(78)	(8)
Net income	13,485	6,750	23,916	9,922	$ 44,419	$ 13,072
North America
Segment Reporting Disclosure [Line Items]
Net sales	90,033	82,546	176,374	159,427
Operating expenses	84,968	79,335	166,326	155,318
Operating income	5,065	3,211	10,048	4,109
International
Segment Reporting Disclosure [Line Items]
Net sales	31,663	29,697	63,598	58,820
Operating expenses	31,390	30,592	62,422	60,962
Operating income	273	(895)	1,176	(2,142)
AWS
Segment Reporting Disclosure [Line Items]
Net sales	26,281	22,140	51,318	43,494
Operating expenses	16,947	16,775	32,563	33,006
Operating income	$ 9,334	$ 5,365	$ 18,755	$ 10,488

Segment Information - Disaggreg

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 147,977	$ 134,383	$ 291,290	$ 261,741
Online stores
Disaggregation of Revenue [Line Items]
Total net sales	55,392	52,966	110,062	104,062
Physical stores
Disaggregation of Revenue [Line Items]
Total net sales	5,206	5,024	10,408	9,919
Third-party seller services
Disaggregation of Revenue [Line Items]
Total net sales	36,201	32,332	70,797	62,152
Advertising services
Disaggregation of Revenue [Line Items]
Total net sales	12,771	10,683	24,595	20,192
Subscription services
Disaggregation of Revenue [Line Items]
Total net sales	10,866	9,894	21,588	19,551
AWS
Disaggregation of Revenue [Line Items]
Total net sales	26,281	22,140	51,318	43,494
Other
Disaggregation of Revenue [Line Items]
Total net sales	$ 1,260	$ 1,344	$ 2,522	$ 2,371