Warner Bros. Discovery (WBD) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-34177
Entity Registrant Name	Warner Bros. Discovery, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2333914
Entity Address, Address Line One	230 Park Avenue South
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	212
Local Phone Number	548-5555
Title of 12(b) Security	Series A Common Stock
Trading Symbol	WBD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		2,437,384,400
Entity Central Index Key	0001437107
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Revenues	$ 10,358	$ 9,827	$ 21,058	$ 12,986
Costs and expenses:
Costs of revenues, excluding depreciation and amortization	6,636	6,625	13,321	7,861
Selling, general and administrative	2,562	3,538	4,950	4,578
Depreciation and amortization	1,914	2,266	3,972	2,791
Restructuring	146	1,033	241	1,038
Impairments and loss on dispositions	6	4	37	4
Total costs and expenses	11,264	13,466	22,521	16,272
Operating loss	(906)	(3,639)	(1,463)	(3,286)
Interest expense, net	(574)	(511)	(1,145)	(664)
Loss on extinguishment of debt	(5)	0	(5)	0
Loss from equity investees, net	(22)	(43)	(59)	(57)
Other income (expense), net	27	(51)	(46)	439
Loss before income taxes	(1,480)	(4,244)	(2,718)	(3,568)
Income tax benefit	260	836	438	635
Net loss	(1,220)	(3,408)	(2,280)	(2,933)
Net income attributable to noncontrolling interests	(16)	(7)	(24)	(23)
Net income attributable to redeemable noncontrolling interests	(4)	(3)	(5)	(6)
Net loss available to Warner Bros. Discovery, Inc.	$ (1,240)	$ (3,418)	$ (2,309)	$ (2,962)
Net loss per share allocated to Warner Bros. Discovery, Inc. Series A common stockholders:
Basic (in dollars per share)	$ (0.51)	$ (1.50)	$ (0.95)	$ (2.09)
Diluted (in dollars per share)	$ (0.51)	$ (1.50)	$ (0.95)	$ (2.09)
Weighted average shares outstanding:
Basic (in shares)	2,437	2,286	2,434	1,443
Diluted (in shares)	2,437	2,286	2,434	1,443
Distribution
Revenues:
Revenues	$ 5,135	$ 4,838	$ 10,298	$ 6,190
Advertising
Revenues:
Revenues	2,519	2,721	4,817	4,197
Content
Revenues:
Revenues	2,446	2,064	5,400	2,387
Other
Revenues:
Revenues	$ 258	$ 204	$ 543	$ 212

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,220)	$ (3,408)	$ (2,280)	$ (2,933)
Currency translation
Change in net unrealized gains (losses)	60	(488)	486	(585)
Less: reclassification adjustment for net (gains) losses included in net income	0	0	0	(2)
Net change, net of income tax benefit (expense) of $(5), $(25), $(10) and $(39)	60	(488)	486	(587)
Pension plan and SERP liability, net of income tax benefit (expense) of $(3), $—, $(6) and $—	(4)	0	(13)	0
Derivatives
Change in net unrealized gains (losses)	11	(7)	14	(19)
Less: reclassification adjustment for net (gains) losses included in net income	(4)	(11)	(6)	(17)
Net change, net of income tax benefit (expense) of $(6), $4, $(4) and $5	7	(18)	8	(36)
Comprehensive loss	(1,157)	(3,914)	(1,799)	(3,556)
Comprehensive income attributable to noncontrolling interests	(16)	(7)	(24)	(23)
Comprehensive income attributable to redeemable noncontrolling interests	(4)	(3)	(5)	(6)
Comprehensive loss attributable to Warner Bros. Discovery, Inc.	$ (1,177)	$ (3,924)	$ (1,828)	$ (3,585)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Currency translation
Income tax benefit (expense)	$ (5)	$ (25)	$ (10)	$ (39)
Income tax benefit (expense) on defined benefit plans	(3)	0	(6)	0
Derivatives
Income tax benefit (expense)	$ (6)	$ 4	$ (4)	$ 5

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,027	$ 3,731
Receivables, net	6,770	6,380
Prepaid expenses and other current assets	3,976	3,888
Total current assets	13,773	13,999
Film and television content rights and games	24,393	26,652
Property and equipment, net	5,473	5,301
Goodwill	34,911	34,438
Intangible assets, net	41,584	44,982
Other noncurrent assets	8,484	8,629
Total assets	128,618	134,001
Current liabilities:
Accounts payable	1,689	1,454
Accrued liabilities	10,668	11,504
Deferred revenues	1,548	1,694
Current portion of debt	3,001	365
Total current liabilities	16,906	15,017
Noncurrent portion of debt	44,276	48,634
Deferred income taxes	9,718	11,014
Other noncurrent liabilities	10,933	10,669
Total liabilities	81,833	85,334
Commitments and contingencies (See Note 16)
Redeemable noncontrolling interests	306	318
Warner Bros. Discovery, Inc. stockholders’ equity:
Series A common stock: $0.01 par value; 10,800 and 10,800 shares authorized; 2,667 and 2,660 shares issued; and 2,437 and 2,430 shares outstanding	27	27
Preferred stock: $0 par value; 1,200 and 1,200 shares authorized, 0 shares issued and outstanding	0	0
Additional paid-in capital	54,816	54,630
Treasury stock, at cost: 230 and 230 shares	(8,244)	(8,244)
(Accumulated deficit) retained earnings	(105)	2,205
Accumulated other comprehensive loss	(1,042)	(1,523)
Total Warner Bros. Discovery, Inc. stockholders’ equity	45,452	47,095
Noncontrolling interests	1,027	1,254
Total equity	46,479	48,349
Total liabilities and equity	$ 128,618	$ 134,001

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2023	Dec. 31, 2022
Warner Bros. Discovery, Inc. stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	10,800	10,800
Common stock issued (in shares)	2,667	2,660
Common stock outstanding (in shares)	2,437	2,430
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock authorized (in shares)	1,200	1,200
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Treasury stock (in shares)	230	230

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net loss	$ (2,280)	$ (2,933)
Adjustments to reconcile net income to cash (used in) provided by operating activities:
Content rights amortization and impairment	9,361	6,591
Depreciation and amortization	3,972	2,791
Deferred income taxes	(1,426)	(915)
Preferred stock conversion premium	0	789
Share-based compensation expense	248	210
Equity in losses of equity method investee companies and cash distributions	112	91
Gain on sale of investments	0	(132)
Gain from derivative instruments, net	(111)	(496)
Other, net	171	64
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables, net	(433)	(444)
Film and television content rights, games and payables, net	(7,656)	(4,653)
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities	(859)	8
Foreign currency, prepaid expenses and other assets, net	284	363
Cash provided by operating activities	1,383	1,334
Investing Activities
Purchases of property and equipment	(591)	(307)
Cash acquired from business acquisition	0	2,419
Proceeds from sales and maturities of investments	0	139
Investments in and advances to equity investments	(45)	(109)
Proceeds from derivative instruments, net	23	720
Other investing activities, net	46	18
Cash (used in) provided by investing activities	(567)	2,880
Financing Activities
Principal repayments of term loans	(2,600)	(3,500)
Principal repayments of debt, including premiums to par value	(660)	(327)
Borrowings from debt, net of discount and issuance costs	1,500	0
Distributions to noncontrolling interests and redeemable noncontrolling interests	(269)	(264)
Securitization receivables collected but not remitted	405	0
Borrowings under commercial paper program and revolving credit facility	2,599	90
Repayments under commercial paper program and revolving credit facility	(2,602)	(90)
Other financing activities, net	(56)	(66)
Cash used in financing activities	(1,683)	(4,157)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	14	(66)
Net change in cash, cash equivalents, and restricted cash	(853)	(9)
Cash, cash equivalents, and restricted cash, beginning of period	3,930	3,905
Cash, cash equivalents, and restricted cash, end of period	$ 3,077	$ 3,896

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) shares in Millions, $ in Millions	Total	Warner Bros. Discovery, Inc. Stockholders’ Equity	Discovery, Inc. Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2021			12	736
Beginning balance at Dec. 31, 2021	$ 13,033	$ 11,599		$ 7	$ 11,086	$ (8,244)	$ 9,580	$ (830)	$ 1,434
Increase (Decrease) in Stockholders' Equity
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	472	456					456		16
Other comprehensive income (loss)	(117)	(117)						(117)
Share-based compensation	53	53			53
Tax settlements associated with share-based plans	(38)	(38)			(38)
Dividends paid to noncontrolling interests	(192)								(192)
Issuance of stock in connection with share-based plans (in shares)				3
Issuance of stock in connection with share-based plans	19	19			19
Redeemable noncontrolling interest adjustments to redemption value	(3)	(3)					(3)
Ending balance (in shares) at Mar. 31, 2022			12	739
Ending balance at Mar. 31, 2022	13,227	11,969		$ 7	11,120	(8,244)	10,033	(947)	1,258
Beginning balance (in shares) at Dec. 31, 2021			12	736
Beginning balance at Dec. 31, 2021	13,033	11,599		$ 7	11,086	(8,244)	9,580	(830)	1,434
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)								(623)
Ending balance (in shares) at Jun. 30, 2022				2,658
Ending balance at Jun. 30, 2022	52,619	51,383		$ 27	54,439	(8,244)	6,614	(1,453)	1,236
Beginning balance (in shares) at Mar. 31, 2022			12	739
Beginning balance at Mar. 31, 2022	13,227	11,969		$ 7	11,120	(8,244)	10,033	(947)	1,258
Increase (Decrease) in Stockholders' Equity
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	(3,411)	(3,418)					(3,418)		7
Other comprehensive income (loss)	(506)	(506)						(506)
Share-based compensation	143	143			143
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business (in shares)			(12)	(739)
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business	43,195	43,193		$ (7)	43,173				2
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business (in shares)				2,658
Conversion and issuance of common stock and noncontrolling interest in connection with the acquisition of the WarnerMedia Business				$ 27
Dividends paid to noncontrolling interests	(31)								(31)
Issuance of stock in connection with share-based plans	3	3			3
Redeemable noncontrolling interest adjustments to redemption value	(1)	(1)					(1)
Ending balance (in shares) at Jun. 30, 2022				2,658
Ending balance at Jun. 30, 2022	52,619	51,383		$ 27	54,439	(8,244)	6,614	(1,453)	1,236
Beginning balance (in shares) at Dec. 31, 2022				2,660
Beginning balance at Dec. 31, 2022	48,349	47,095		$ 27	54,630	(8,244)	2,205	(1,523)	1,254
Increase (Decrease) in Stockholders' Equity
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	(1,061)	(1,069)					(1,069)		8
Other comprehensive income (loss)	418	418						418
Share-based compensation	101	101			101
Tax settlements associated with share-based plans	(53)	(53)			(53)
Dividends paid to noncontrolling interests	(225)								(225)
Issuance of stock in connection with share-based plans (in shares)				6
Issuance of stock in connection with share-based plans	9	9			9
Redeemable noncontrolling interest adjustments to redemption value	(3)	(3)					(3)
Other adjustments to stockholders' equity	(2)	(2)			(2)
Ending balance (in shares) at Mar. 31, 2023				2,666
Ending balance at Mar. 31, 2023	47,533	46,496		$ 27	54,685	(8,244)	1,133	(1,105)	1,037
Beginning balance (in shares) at Dec. 31, 2022				2,660
Beginning balance at Dec. 31, 2022	48,349	47,095		$ 27	54,630	(8,244)	2,205	(1,523)	1,254
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)								481
Ending balance (in shares) at Jun. 30, 2023				2,667
Ending balance at Jun. 30, 2023	46,479	45,452		$ 27	54,816	(8,244)	(105)	(1,042)	1,027
Beginning balance (in shares) at Mar. 31, 2023				2,666
Beginning balance at Mar. 31, 2023	47,533	46,496		$ 27	54,685	(8,244)	1,133	(1,105)	1,037
Increase (Decrease) in Stockholders' Equity
Net (loss) income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests	(1,224)	(1,240)					(1,240)		16
Other comprehensive income (loss)	63	63						63
Share-based compensation	130	130			130
Tax settlements associated with share-based plans	(7)	(7)			(7)
Dividends paid to noncontrolling interests	(26)								(26)
Issuance of stock in connection with share-based plans (in shares)				1
Issuance of stock in connection with share-based plans	8	8			8
Redeemable noncontrolling interest adjustments to redemption value	2	2					2
Ending balance (in shares) at Jun. 30, 2023				2,667
Ending balance at Jun. 30, 2023	$ 46,479	$ 45,452		$ 27	$ 54,816	$ (8,244)	$ (105)	$ (1,042)	$ 1,027

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business Warner Bros. Discovery, Inc. (“Warner Bros. Discovery”, “WBD”, the “Company”, “we”, “us” or “our”) is a premier global media and entertainment company that combines the WarnerMedia Business’s premium entertainment, sports and news assets with Discovery’s leading non-fiction and international entertainment and sports businesses, thus offering audiences a differentiated portfolio of content, brands and franchises across television, film, streaming and gaming. Some of our iconic brands and franchises include Warner Bros. Pictures Group, Warner Bros. Television Group, DC, HBO, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. Merger with the WarnerMedia Business of AT&T On April 8, 2022 (the “Closing Date”), Discovery, Inc. (“Discovery”) completed its merger (the “Merger”) with the WarnerMedia business (the “WarnerMedia Business”, “WM Business” or “WM”) of AT&T Inc. (“AT&T”) and changed its name to “Warner Bros. Discovery, Inc.”. On April 11, 2022, the Company’s shares started trading on the Nasdaq Global Select Market (the “Nasdaq”) under the trading symbol WBD. The Merger was executed through a Reverse Morris Trust type transaction, under which WM was distributed to AT&T’s shareholders via a pro rata distribution, and immediately thereafter, combined with Discovery. (See Note 2 and Note 3.) Prior to the Merger, WarnerMedia Holdings, Inc. distributed $40.5 billion to AT&T (subject to working capital and other adjustments) in a combination of cash, debt securities, and WM's retention of certain debt. Discovery transferred purchase consideration of $42.4 billion in equity to AT&T shareholders in the Merger. In August 2022, the Company and AT&T finalized the post-closing working capital settlement process, pursuant to section 1.3 of the Separation and Distribution Agreement, which resulted in the Company receiving a $1.2 billion payment from AT&T in the third quarter of 2022 in lieu of adjusting the equity issued as purchase consideration in the Merger. AT&T shareholders received shares of WBD Series A common stock (“WBD common stock”) in the Merger representing 71% of the combined Company and the Company's pre-Merger shareholders continued to own 29% of the combined Company, in each case on a fully diluted basis. Discovery was deemed to be the accounting acquirer of the WM Business for accounting purposes under U.S. generally accepted accounting principles (“U.S. GAAP”); therefore, Discovery is considered the Company’s predecessor and the historical financial statements of Discovery prior to April 8, 2022, are reflected in this Quarterly Report on Form 10-Q as the Company’s historical financial statements. Accordingly, the financial results of the Company as of and for any periods prior to April 8, 2022 do not include the financial results of the WM Business and current results will not be comparable to historical results. Labor Disruption The Writers Guild of America and Screen Actors Guild-American Federation of Television and Radio Artists went on strike in May and July 2023, respectively. There were no material impacts to our business during the three months ended June 30, 2023 as a result of the strikes. We continue to closely monitor the ongoing impact to our business; however, the effects on our operations and results are not yet known and will depend on future developments, which are highly uncertain and cannot be predicted. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries in which a controlling interest is maintained, including variable interest entities (“VIE”) for which the Company is the primary beneficiary. Intercompany accounts and transactions between consolidated entities have been eliminated. Unaudited Interim Financial Statements These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments consisting only of normal recurring adjustments necessary to state fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. GAAP applicable to interim periods. The results of operations for the interim periods presented are not necessarily indicative of results for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K”). Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates. Summary of Significant Accounting Policies There have been no changes to the Company's significant accounting policies described in the 2022 Form 10-K. Accounting and Reporting Pronouncements Adopted Supplier Finance Programs In September 2022, the Financial Accounting Standards Board issued guidance updating the disclosure requirements for supplier finance program obligations. This guidance provides specific authoritative guidance for disclosure of supplier finance programs, including key terms of such programs, amounts outstanding, and where the obligations are presented in the statement of financial position. The guidance is effective for annual periods beginning after December 15, 2022, including interim periods, except for the disclosure of roll forward information, which is effective for annual periods beginning after December 15, 2023. Certain components of this guidance must be applied retrospectively, while others may be applied prospectively. The Company adopted the guidance effective January 1, 2023 and has provided the required disclosures in Note 14.

Equity and Earnings Per Share

Equity and Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Equity And Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Common Stock Issued in Connection with the WarnerMedia Merger In connection with the Merger, each issued and outstanding share of Discovery Series A common stock, Discovery Series B convertible common stock, and Discovery Series C common stock, was reclassified and automatically converted into one share of WBD common stock, and each issued and outstanding share of Discovery Series A-1 convertible preferred stock (“Series A-1 Preferred Stock”) and Series C-1 convertible preferred stock was reclassified and automatically converted into 13.1135 and 19.3648 shares of WBD common stock, respectively. The Merger required the consent of Advance/Newhouse Programming Partnership under Discovery's certificate of incorporation as the sole holder of the Series A-1 Preferred Stock. In connection with Advance/Newhouse Programming Partnership’s entry into the consent agreement and related forfeiture of the significant rights attached to the Series A-1 Preferred Stock in the reclassification of the shares of Series A-1 Preferred Stock into common stock, it received an increase to the number of shares of common stock of the Company into which the Series A-1 Preferred Stock converted. The impact of the issuance of such additional shares of common stock was $789 million and was recorded as a transaction expense in selling, general and administrative expense upon the closing of the Merger in the three months ended June 30, 2022. On April 8, 2022, the Company issued 1.7 billion shares of WBD common stock as consideration paid for the acquisition of WM. (See Note 3.) Earnings Per Share All share and per share amounts have been retrospectively adjusted to reflect the reclassification and automatic conversion into WBD common stock, except for Series A-1 Preferred Stock, which has not been recast because the conversion of Series A-1 Preferred Stock into WBD common stock in connection with the Merger was considered a discrete event and treated prospectively. The table below sets forth the Company’s calculated earnings per share (in millions). Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (1,220) $ (3,408) $ (2,280) $ (2,933) Less: Allocation of undistributed income to Series A-1 convertible preferred stock — — — (49) Net income attributable to noncontrolling interests (16) (7) (24) (23) Net income attributable to redeemable noncontrolling interests (4) (3) (5) (6) Net loss allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net loss per share $ (1,240) $ (3,418) $ (2,309) $ (3,011) Denominator — weighted average: Common shares outstanding — basic and diluted 2,437 2,286 2,434 1,443 Basic net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09) Diluted net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09) The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Anti-dilutive share-based awards 73 57 67 45

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions WarnerMedia On April 8, 2022, the Company completed its Merger with the WarnerMedia Business of AT&T. The Merger was executed through a Reverse Morris Trust type transaction, under which WM was distributed to AT&T’s shareholders via a pro-rata distribution, and immediately thereafter, combined with Discovery. Discovery was deemed to be the accounting acquirer of WM. The Merger combined WM’s content library of popular and valuable intellectual property with Discovery’s global footprint, collection of local-language content and deep regional expertise across more than 220 countries and territories. The Company expects this broad, worldwide portfolio of brands, coupled with its DTC potential and the attractiveness of the combined assets, to result in increased market penetration globally. The Merger is also expected to create significant cost synergies for the Company. Purchase Price The following table summarizes the components of the aggregate purchase consideration paid to acquire WM (in millions). Fair value of WBD common stock issued to AT&T shareholders (1) $ 42,309 Fair value of share-based compensation awards attributable to pre-combination services (2) 94 Settlement of preexisting relationships (3) (27) Purchase consideration $ 42,376 (1) The fair value of WBD common stock issued to AT&T shareholders represents approximately 1,732 million shares of WBD common stock multiplied by the closing share price for Discovery Series A common stock of $24.43 on Nasdaq on the Closing Date. The number of shares of WBD common stock issued in the Merger was determined based on the number of fully diluted shares of Discovery, Inc. common stock immediately prior to the closing of the Merger, multiplied by the quotient of 71%/29%. (2) This amount represents the value of AT&T restricted stock unit awards that were not vested and were replaced by WBD restricted stock unit awards with similar terms and conditions as the original AT&T awards. The conversion was based on the ratio of the volume-weighted average per share closing price of AT&T common stock on the ten trading days prior to the Closing Date and the volume-weighted average per share closing price of WBD common stock on the ten trading days following the Closing Date. The fair value of replacement equity-based awards attributable to pre-Merger service was recorded as part of the consideration transferred in the Merger. (3) The amount represents the effective settlement of outstanding payables and receivables between the Company and WM. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value. Balances reflect rounding of dollar and share amounts to millions, which may result in differences for recalculated standalone amounts compared with the amounts presented above. In August 2022, the Company and AT&T finalized the post-closing working capital settlement process, pursuant to section 1.3 of the Separation and Distribution Agreement, which resulted in the Company receiving a $1.2 billion payment from AT&T in the third quarter of 2022. Purchase Price Allocation The Company applied the acquisition method of accounting to WM, whereby the excess of the fair value of the purchase price paid over the fair value of identifiable net assets acquired and liabilities assumed was allocated to goodwill. Goodwill reflects the assembled workforce of WM as well as revenue enhancements, cost savings and operating synergies that are expected to result from the Merger. The goodwill recorded as part of the Merger has been allocated to the Studios, Networks and DTC reportable segments in the amount of $9,308 million, $7,074 million and $5,727 million, respectively, and is not deductible for tax purposes. During the three months ended June 30, 2023, the Company finalized the fair value of assets acquired and liabilities assumed. Measurement period adjustments were reflected in the period in which the adjustments occurred. Adjustments recorded during the three and six months ended June 30, 2023 were $220 million and $368 million, respectively, primarily related to taxes, and were recorded in other noncurrent assets, deferred income taxes and other noncurrent liabilities, with an offset to goodwill. The allocation of the purchase price to the assets acquired and liabilities assumed, measurement period adjustments, and a reconciliation to total consideration transferred is presented in the table below (in millions). Preliminary Measurement Period Final Cash $ 2,419 $ (10) $ 2,409 Accounts receivable 4,224 (60) 4,164 Other current assets 4,619 (133) 4,486 Film and television content rights and games 28,729 (344) 28,385 Property and equipment 4,260 13 4,273 Goodwill 21,513 596 22,109 Intangible assets 44,889 100 44,989 Other noncurrent assets 5,206 283 5,489 Current liabilities (10,544) 12 (10,532) Debt assumed (41,671) (9) (41,680) Deferred income taxes (13,264) 492 (12,772) Other noncurrent liabilities (8,004) (940) (8,944) Total consideration paid $ 42,376 $ — $ 42,376 The fair values of the assets acquired and liabilities assumed were determined using several valuation approaches including, but not limited to, various cost approaches and income approaches, such as relief from royalty, multi-period excess earnings, and with-or-without. The table below presents a summary of intangible assets acquired, exclusive of content assets, and the weighted average useful life of these assets. Fair Value Weighted Average Useful Life in Years Trade names $ 21,084 34 Affiliate, advertising and subscriber relationships 14,800 6 Franchises 7,900 35 Other intangible assets 1,205 Total intangible assets acquired $ 44,989 The Company incurred acquisition-related costs of $47 million and $94 million for the three and six months ended June 30, 2023, respectively, and $194 million and $281 million for the three and six months ended June 30, 2022, respectively. These costs were associated with legal and professional services and integration activities and were recognized as operating expenses on the consolidated statement of operations. Additionally, the expense related to the issuance of additional shares of common stock in connection with the conversion of Advance/Newhouse Programming’s Series A-1 Preferred Stock was $789 million and was recorded as a transaction expense in selling, general and administrative expense upon the closing of the Merger. (See Note 2.) As a result of the Merger, WM’s assets, liabilities, and operations were included in the Company’s consolidated financial statements from the Closing Date. The following table presents WM revenue and earnings as reported within the consolidated financial statements (in millions). Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Three and Six Months Ended June 30, 2022 Revenues: Distribution $ 3,871 $ 7,756 $ 3,526 Advertising 1,250 2,404 1,163 Content 2,978 6,316 2,835 Other 226 454 208 Total revenues 8,325 16,930 7,732 Inter-segment eliminations (630) (1,107) (840) Net revenues $ 7,695 $ 15,823 $ 6,892 Net loss available to Warner Bros. Discovery, Inc. $ (1,366) $ (2,413) $ (3,020) Pro Forma Combined Financial Information The following unaudited pro forma combined financial information presents the combined results of the Company and WM as if the Merger had been completed on January 1, 2021. The unaudited pro forma combined financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the Merger had occurred on January 1, 2021, nor is it indicative of future results. The following table presents the Company’s pro forma combined revenues and net income (in millions). Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Revenues $ 10,823 $ 22,264 Net loss available to Warner Bros. Discovery, Inc. (1,857) (2,156) The unaudited pro forma combined financial information includes, where applicable, adjustments for (i) additional costs of revenues from the fair value step-up of film and television library, (ii) additional amortization expense related to acquired intangible assets, (iii) additional depreciation expense from the fair value of property and equipment, (iv) transaction costs and other one-time non-recurring costs, (v) additional interest expense for borrowings related to the Merger and amortization associated with fair value adjustments of debt assumed, (vi) changes to align accounting policies, (vii) elimination of intercompany activity, and (viii) associated tax-related impacts of adjustments. These pro forma adjustments are based on available information as of the date hereof and upon assumptions that the Company believes are reasonable to reflect the impact of the Merger with WM on the Company’s historical financial information on a supplemental pro forma basis. Adjustments do not include costs related to integration activities, cost savings or synergies that have been or may be achieved by the combined business. Dispositions In April 2022, the Company completed the sale of its minority interest in Discovery Education for a sale price of $138 million and recorded a gain of $133 million .

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURINGIn connection with the Merger, the Company has announced and has taken actions to implement projects to achieve cost synergies for the Company. The Company finalized the framework supporting its ongoing restructuring and transformation initiatives during the year ended December 31, 2022, which will include, among other things, strategic content programming assessments, organization restructuring, facility consolidation activities, and other contract termination costs. While the Company’s restructuring efforts are ongoing, the restructuring program is expected to be substantially completed by the end of 2024. Restructuring by reportable segments and corporate and inter-segment eliminations were as follows (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 10 $ 200 $ 86 $ 200 Networks 110 308 113 312 DTC 18 475 27 475 Corporate and inter-segment eliminations 8 50 15 51 Total restructuring $ 146 $ 1,033 $ 241 $ 1,038 During the three months ended June 30, 2023, restructuring charges primarily included contract terminations and facility consolidation activities of $15 million, organization restructuring of $124 million, and other charges of $7 million. During the three months ended June 30, 2022, restructuring charges primarily included content impairments of $496 million, employee terminations of $208 million, and content development write-offs of $329 million. During the six months ended June 30, 2023, restructuring charges primarily included contract terminations and facility consolidation activities of $71 million, organization restructuring of $159 million, and other charges of $11 million. During the six months ended June 30, 2022, restructuring charges primarily included content impairments of $501 million, employee terminations of $208 million, and content development write-offs of $329 million. Changes in restructuring liabilities recorded in accrued liabilities and other noncurrent liabilities by major category and by reportable segment and corporate and inter-segment eliminations were as follows (in millions). Studios Networks DTC Corporate and Inter-Segment Eliminations Total December 31, 2022 $ 156 $ 361 $ 188 $ 159 $ 864 Contract termination accruals, net 25 2 — — 27 Employee termination accruals, net 21 107 13 18 159 Other accruals — 2 — — 2 Cash paid (117) (252) (116) (95) (580) June 30, 2023 $ 85 $ 220 $ 85 $ 82 $ 472

Revenues

Revenues	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES The following table presents the Company’s revenues disaggregated by revenue source (in millions). Three Months Ended June 30, 2023 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 3 $ 2,941 $ 2,192 $ (1) $ 5,135 Advertising 4 2,448 121 (54) 2,519 Content 2,398 284 410 (646) 2,446 Other 176 85 9 (12) 258 Total $ 2,581 $ 5,758 $ 2,732 $ (713) $ 10,358 Three Months Ended June 30, 2022 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 4 $ 2,841 $ 1,993 $ — $ 4,838 Advertising 10 2,624 96 (9) 2,721 Content 2,636 220 132 (924) 2,064 Other 146 57 4 (3) 204 Total $ 2,796 $ 5,742 $ 2,225 $ (936) $ 9,827 Six Months Ended June 30, 2023 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 6 $ 5,936 $ 4,357 $ (1) $ 10,298 Advertising 7 4,685 224 (99) 4,817 Content 5,425 529 595 (1,149) 5,400 Other 355 189 11 (12) 543 Total $ 5,793 $ 11,339 $ 5,187 $ (1,261) $ 21,058 Six Months Ended June 30, 2022 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 4 $ 3,961 $ 2,225 $ — $ 6,190 Advertising 10 4,054 142 (9) 4,197 Content 2,641 536 134 (924) 2,387 Other 146 64 5 (3) 212 Total $ 2,801 $ 8,615 $ 2,506 $ (936) $ 12,986 Contract Liabilities and Contract Assets The following table presents contract liabilities on the consolidated balance sheets (in millions). Category Balance Sheet Location June 30, 2023 December 31, 2022 Contract liabilities Deferred revenues $ 1,548 $ 1,694 Contract liabilities Other noncurrent liabilities 393 361 For the six months ended June 30, 2023 and 2022, respectively, revenues of $1,102 million and $347 million were recognized that were included in deferred revenues as of December 31, 2022 and December 31, 2021, respectively. Contract assets were not material as of June 30, 2023 and December 31, 2022. Remaining Performance Obligations As of June 30, 2023, $13,216 million of revenue is expected to be recognized from remaining performance obligations under our long-term contracts. The following table presents a summary of remaining performance obligations by contract type (in millions). Contract Type June 30, 2023 Duration Distribution - fixed price or minimum guarantee $ 3,951 Through 2031 Content licensing and sports sublicensing 6,077 Through 2030 Brand licensing 2,267 Through 2043 Advertising 921 Through 2027 Total $ 13,216 The value of unsatisfied performance obligations disclosed above does not include: (i) contracts involving variable consideration for which revenues are recognized in accordance with the sales or usage-based royalty exception, and (ii) contracts with an original expected length of one year or less, such as most advertising contracts; however for content licensing revenues, including revenues associated with the licensing of theatrical and television product for television and streaming services, the Company has included all contracts regardless of duration.

Sales of Receivables

Sales of Receivables	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
SALES OF RECEIVABLES	SALES OF RECEIVABLES Revolving Receivables Program The Company’s bankruptcy-remote consolidated subsidiary held $3,585 million of pledged receivables as of June 30, 2023 in connection with its revolving receivables program. For the three and six months ended June 30, 2023, the Company has recognized $9 million and $42 million, respectively, in selling, general and administrative expenses, net of non-designated derivatives from the revolving receivables program in the consolidated statements of operations. (See Note 10.) For the three and six months ended June 30, 2022, the Company recognized $41 million in selling, general and administrative expenses in the consolidated statements of operations. The outstanding portfolio of receivables derecognized from our consolidated balance sheets was $5,295 million as of June 30, 2023. The following table presents a summary of receivables sold (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gross receivables sold/cash proceeds received $ 3,637 $ 3,205 $ 6,416 $ 3,205 Collections reinvested under revolving agreement (3,642) (3,505) (6,487) (3,505) Net cash proceeds remitted (a) $ (5) $ (300) $ (71) $ (300) Net receivables sold $ 3,606 $ 3,198 $ 6,304 $ 3,198 Obligations recorded (Level 3) $ 112 $ 98 $ 260 $ 98 (a) Includes the collection on receivables sold but not remitted of $405 million as of June 30, 2023. The following table presents a summary of the amounts transferred or pledged (in millions). June 30, 2023 December 31, 2022 Gross receivables pledged as collateral $ 3,585 $ 3,468 Restricted cash pledged as collateral $ — $ 150 Balance sheet classification: Receivables, net $ 3,285 $ 3,015 Prepaid expenses and other current assets $ — $ 150 Other noncurrent assets $ 300 $ 453 Accounts Receivable Factoring Total trade accounts receivable sold under the Company’s factoring arrangement was $72 million for the six months ended June 30, 2023. No amounts were sold under the Company’s factoring arrangement for the six months ended June 30, 2022. The impact to the consolidated statements of operations was immaterial for the three and six months ended June 30, 2023 and 2022. This accounts receivable factoring agreement is separate and distinct from the revolving receivables program.

Content Rights

Content Rights	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
CONTENT RIGHTS	CONTENT RIGHTS For purposes of amortization and impairment, capitalized content costs are grouped based on their predominant monetization strategy: individually or as a group. Programming rights include content licensed from third parties, such as film, television and sports rights. The table below presents the components of content rights (in millions). June 30, 2023 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 2,774 $ — $ 2,774 Completed and not released 629 — 629 In production 1,549 — 1,549 In development 105 — 105 Television production costs: Released, less amortization 2,050 6,718 8,768 Completed and not released 412 664 1,076 In production 337 3,620 3,957 In development 64 12 76 Total theatrical film and television production costs $ 7,920 $ 11,014 $ 18,934 Programming rights, less amortization 5,295 Game development costs, less amortization 604 Total film and television content rights and games 24,833 Less: Current content rights and prepaid license fees, net (440) Total noncurrent film and television content rights and games $ 24,393 December 31, 2022 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 3,544 $ — $ 3,544 Completed and not released 507 — 507 In production 1,700 — 1,700 In development 95 — 95 Television production costs: Released, less amortization 2,200 6,513 8,713 Completed and not released 939 310 1,249 In production 427 4,424 4,851 In development 30 15 45 Total theatrical film and television production costs $ 9,442 $ 11,262 $ 20,704 Programming rights, less amortization 5,843 Game development costs, less amortization 650 Total film and television content rights and games 27,197 Less: Current content rights and prepaid license fees, net (545) Total noncurrent film and television content rights and games $ 26,652 Content amortization consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Predominately monetized individually $ 1,031 $ 1,927 $ 2,562 $ 2,177 Predominately monetized as a group 3,579 3,189 6,675 3,908 Total content amortization $ 4,610 $ 5,116 $ 9,237 $ 6,085

Investments

Investments	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
INVESTMENTS	INVESTMENTS The Company’s equity investments consisted of the following, net of investments recorded in other noncurrent liabilities (in millions). Category Balance Sheet Location Ownership June 30, 2023 December 31, 2022 Equity method investments: The Chernin Group (TCG) 2.0-A, LP Other noncurrent assets 44% $ 279 $ 313 nC+ Other noncurrent assets 32% 135 135 Other Other noncurrent assets 595 614 Total equity method investments 1,009 1,062 Investments with readily determinable fair values Other noncurrent assets 43 28 Investments without readily determinable fair values Other noncurrent assets (a) 436 498 Total investments $ 1,488 $ 1,588 (a) Investments without readily determinable fair values included $17 million as of June 30, 2023 and $10 million as of December 31, 2022 that were included in prepaid expenses and other current assets. Equity Method Investments Certain of the Company’s other equity method investments are VIEs, for which the Company is not the primary beneficiary. As of June 30, 2023, the Company’s maximum exposure for all of its unconsolidated VIEs, including the investment carrying values and unfunded contractual commitments made on behalf of VIEs, was approximately $771 million. The Company’s maximum estimated exposure excludes the non-contractual future funding of VIEs. The aggregate carrying values of these VIE investments were $712 million as of June 30, 2023 and $720 million as of December 31, 2022. VIE gains and losses are recorded in loss from equity investees, net on the consolidated statements of operations. VIE losses were $25 million and $3 million for the three months ended June 30, 2023 and 2022, respectively, and $53 million and $20 million for the six months ended June 30, 2023 and 2022, respectively. Equity Investments Without Readily Determinable Fair Values Assessed Under the Measurement Alternative During the three and six months ended June 30, 2023, the Company concluded that its other equity investments without readily determinable fair values had decreased $3 million and $71 million, respectively, in fair value as a result of observable price changes in orderly transactions for the identical or similar investment of the same issuer. The decrease in fair value is recorded in other income (expense), net on the consolidated statements of operations. (See Note 14.) As of June 30, 2023, the Company had recorded cumulative impairments of $300 million for its equity investments without readily determinable fair values.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The table below presents the components of outstanding debt (in millions). Weighted-Average June 30, 2023 December 31, 2022 Term loans with maturities of 3 years or less 6.52 % $ 1,400 $ 4,000 Floating rate senior notes with maturities of 5 years or less 6.70 % 40 500 Senior notes with maturities of 5 years or less 3.91 % 15,873 12,759 Senior notes with maturities between 5 and 10 years 4.28 % 8,607 10,373 Senior notes with maturities greater than 10 years 5.11 % 21,644 21,644 Total debt 47,564 49,276 Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net (287) (277) Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting 47,277 48,999 Current portion of debt (3,001) (365) Noncurrent portion of debt $ 44,276 $ 48,634 During the three months ended June 30, 2023, the Company commenced a tender offer to purchase for cash any and all of its outstanding Floating Rate Notes due in 2024. The Company completed the tender offer in June 2023, by purchasing Floating Rate Notes in the amount of $460 million validly tendered and accepted for purchase pursuant to the offer. The Company also repaid $1.1 billion of aggregate principal amount outstanding of its term loan prior to the due date of April 2025 and completed open market repurchases for $88 million of aggregate principal amount outstanding of its senior notes. During the three months ended March 31, 2023, the Company issued $1.5 billion of 6.412% fixed rate senior notes due March 2026. After March 2024, the senior notes are redeemable at par plus accrued and unpaid interest. The proceeds were used to pay $1.5 billion of aggregate principal amount outstanding of the Company’s term loan prior to the due date of April 2025. The Company also repaid $106 million of aggregate principal amount outstanding of its senior notes due February 2023. During the three months ended June 30, 2022, the Company repaid $3.5 billion of aggregate principal amount outstanding of its term loans prior to the due dates of October 2023 and April 2025. The Company also assumed $41.5 billion of senior notes (at par value) and term loans in connection with the Merger. During the three months ended March 31, 2022, the Company repaid in full at maturity $327 million aggregate principal amount outstanding of its 2.375% Euro Denominated Senior Notes due March 2022. As of June 30, 2023, all senior notes are fully and unconditionally guaranteed by the Company, Scripps Networks Interactive, Inc. (“Scripps Networks”), Discovery Communications, LLC (“DCL”) (to the extent it is not the primary obligor on such senior notes), and WarnerMedia Holdings, Inc. (to the extent it is not the primary obligor on such senior notes), except for $1.4 billion of senior notes of the legacy WarnerMedia Business assumed by the Company in connection with the Merger and $23 million of un-exchanged senior notes issued by Scripps Networks. Additionally, the term loans of WarnerMedia Holdings, Inc., made under the $10.0 billion term loan credit agreement (the “Term Loan Credit Agreement”), are fully and unconditionally guaranteed by the Company, Scripps Networks, and DCL. Revolving Credit Facility and Commercial Paper Programs The Company has a multicurrency revolving credit agreement (the “Revolving Credit Agreement”) and has the capacity to borrow up to $6.0 billion under the Revolving Credit Agreement (the “Credit Facility”). The Company may also request additional commitments up to $1.0 billion from the lenders upon the satisfaction of certain conditions. The Company’s commercial paper program is supported by the Credit Facility. Borrowing capacity under the Credit Facility is effectively reduced by any outstanding borrowings under the commercial paper program. As of June 30, 2023 and December 31, 2022, the Company had no outstanding borrowings under its Credit Facility or its commercial paper program.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS In the normal course of business, the Company is exposed to foreign currency exchange rate market risk and interest rate fluctuations. As part of its risk management strategy, the Company uses derivative financial instruments, primarily foreign currency forward contracts, fixed-to-fixed currency swaps, total return swaps and interest rate swaps, to hedge certain foreign currency, market value and interest rate exposures. The Company’s objective is to reduce earnings volatility by offsetting gains and losses resulting from these exposures with losses and gains on the derivative contracts used to hedge them. The Company does not enter into or hold derivative financial instruments for speculative trading purposes. The following table summarizes the impact of derivative financial instruments on the Company’s consolidated balance sheets (in millions). There were no amounts eligible to be offset under master netting agreements as of June 30, 2023 and December 31, 2022. The fair value of the Company’s derivative financial instruments was determined using a market-based approach (Level 2). June 30, 2023 December 31, 2022 Fair Value Fair Value Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Cash flow hedges: Foreign exchange $ 1,867 $ 62 $ 27 $ 34 $ 16 $ 1,382 $ 49 $ 35 $ 42 $ 25 Cross-currency swaps — — — — — 482 3 58 — — Net investment hedges: (a) Cross-currency swaps 1,761 20 9 10 49 1,778 20 12 — 73 Fair value hedges: Interest rate swaps 1,500 14 — — 13 — — — — — No hedging designation: Foreign exchange 1,090 2 1 3 87 976 5 1 3 96 Cross-currency swaps — — — — — 139 3 — — 3 Interest rate swaps 6,000 41 20 — — — — — — — Total return swaps 377 15 — — — 291 — — 13 — Total $ 154 $ 57 $ 47 $ 165 $ 80 $ 106 $ 58 $ 197 (a) Excludes €164 million of euro-denominated notes ($179 million and $174 million equivalent at June 30, 2023 and December 31, 2022, respectively) designated as net investment hedges and £407 million of sterling notes ($513 million equivalent at June 30, 2023) designated as a net investment hedge. (See Note 9.) Derivatives Designated for Hedge Accounting Cash Flow Hedges The Company uses foreign exchange forward contracts to mitigate the foreign currency risk related to revenues, production rebates and production expenses and fixed-to-fixed cross-currency swaps to mitigate foreign currency risk associated with its British Pound Sterling denominated debt. In April 2023, the Company unwound cross-currency swaps related to its Sterling debt and recognized a gain of $76 million as an adjustment to other comprehensive income. The Sterling debt was subsequently re-designated as a net investment hedge effective May 2023. The following table presents the pre-tax impact of derivatives designated as cash flow hedges on income and other comprehensive (loss) income (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gains (losses) recognized in accumulated other comprehensive loss: Foreign exchange - derivative adjustments $ 19 $ (7) $ 20 $ (20) Gains (losses) reclassified into income from accumulated other comprehensive loss: Foreign exchange - distribution revenue (1) (2) (2) 2 Foreign exchange - advertising revenue — — — 1 Foreign exchange - costs of revenues (11) 18 (9) 19 Foreign exchange - other income (expense), net 18 — 18 — Interest rate - interest expense, net — (1) 1 (1) If current fair valu es of designated cash flow hedges as of June 30, 2023 remained static over the next twelve months, the amount the Company would reclassify from accumulated other comprehensive loss into income in the next twelve months would not be material for the current fiscal year. The maximum length of time the Company is hedging exposure to the variability in future cash flows is 32 years. Net Investment Hedges The Company uses fixed-to-fixed cross currency swaps to mitigate foreign currency risk associated with the net assets of non-USD functional entities. During the three months ended June 30, 2023, to mitigate the currency risk associated with the net assets of non-USD functional entities, the Company re-designated its Sterling denominated debt due in 2024 as a net investment hedge after the unwind of the cash flow hedge previously noted. The following table presents the pre-tax impact of derivatives designated as net investment hedges on other comprehensive (loss) income (in millions). Other than amounts excluded from effectiveness testing, there were no other gains (losses) reclassified from accumulated other comprehensive loss to income during the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2023 2022 2023 2022 Cross currency swaps $ 3 $ 52 Interest expense, net $ 6 $ 7 Euro-denominated notes (foreign denominated debt) — 6 N/A — — Sterling notes (foreign denominated debt) (6) 41 N/A — — Total $ (3) $ 99 $ 6 $ 7 Six Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2023 2022 2023 2022 Cross currency swaps $ 25 $ 71 Interest expense, net $ 11 $ 22 Euro denominated notes (foreign denominated debt) 5 6 N/A — — Sterling notes (foreign denominated debt) (6) 54 N/A — — Total $ 24 $ 131 $ 11 $ 22 Fair Value Hedges During the three months ended March 31, 2023, the Company issued $1.5 billion of 6.412% fixed rate senior notes due March 2026. Simultaneously, the Company entered into a fixed-to-floating interest rate swap designated as a fair value hedge to allow the Company to mitigate the variability in the fair value of its senior notes due to fluctuations in the benchmark interest rate. Changes in the fair value of the senior note and the interest rate swap are recorded in interest expense, net. The following table presents fair value hedge adjustments to hedged borrowings (in millions). Carrying Amount of Cumulative Amount of Fair Value Hedging Adjustments Included in Hedged Borrowings Balance Sheet Location June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Noncurrent portion of debt $ 1,501 $ — $ 1 $ — The following table presents the pretax impact of derivatives designated as fair value hedges on income, including offsetting changes in fair value of the hedged items (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gain (loss) on changes in fair value of hedged fixed rate debt (1) $ 11 $ — $ (1) $ — (Loss) gain on changes in the fair value of derivative contracts (1) (11) — 1 — Total in interest expense, net $ — $ — $ — $ — (1) Accrued interest related to the hedged debt and derivative contracts is excluded from the amounts above and was $20 million and $25 million for the three and six months ended June 30, 2023, respectively. Derivatives Not Designated for Hedge Accounting Prior to the Merger, the Company was exposed to interest rate risk associated with the expected issuance of debt related to the Merger. To mitigate this risk, the Company entered into interest rate swaps and subsequently unwound them prior to the Merger. As part of the Merger, the Company acquired deferred compensation plans that have risk related to the fair value gains and losses on these investments and entered into total return swaps to mitigate this risk. The gains and losses associated with these swaps are recorded to selling, general and administrative expenses, offsetting the deferred compensation investment gains and losses. The Company is exposed to risk of secured overnight financing rate changes in connection with securitization interest paid on the receivables securitization program. To mitigate this risk, the Company entered into $6.0 billion notional of non-designated interest rate swaps. The gains and losses on these derivatives are recorded to selling, general and administrative expenses, offsetting securitization interest expense. As production spend occurs or when rebate receivables are recognized, the aforementioned forward contracts designated as cash flow hedges are de-designated. After de-designation, gains and losses on these derivatives directly impact earnings in the same line as the hedged risk. The following table presents the pretax gains (losses) on derivatives not designated as hedges and recognized in selling, general and administrative expense and other income (expense), net in the consolidated statements of operations (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Interest rate swaps $ 62 $ — $ 62 $ — Total return swaps 13 — 31 — Total in selling, general and administrative expense 75 — 93 — Interest rate swaps — — — 512 Cross-currency swaps 1 7 1 7 Foreign exchange derivatives (1) (31) 2 (46) Total in other income (expense), net — (24) 3 473 Total $ 75 $ (24) $ 96 $ 473

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified in the following three categories: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 – Valuations derived from techniques in which one or more significant inputs are unobservable. The tables below present assets and liabilities measured at fair value on a recurring basis (in millions). June 30, 2023 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 145 $ — $ 145 Equity securities: Money market fund Cash and cash equivalents 2 — — 2 Mutual funds Prepaid expenses and other current assets 10 — — 10 Company-owned life insurance contracts Prepaid expenses and other current assets — 4 — 4 Mutual funds Other noncurrent assets 238 — — 238 Company-owned life insurance contracts Other noncurrent assets — 94 — 94 Total $ 250 $ 243 $ — $ 493 Liabilities Deferred compensation plan Accrued liabilities $ 65 $ — $ — $ 65 Deferred compensation plan Other noncurrent liabilities 604 — — 604 Total $ 669 $ — $ — $ 669 December 31, 2022 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 50 $ — $ 50 Equity securities: Money market funds Cash and cash equivalents 20 — — 20 Mutual funds Prepaid expenses and other current assets 14 — — 14 Company-owned life insurance contracts Prepaid expenses and other current assets — 1 — 1 Mutual funds Other noncurrent assets 243 — — 243 Company-owned life insurance contracts Other noncurrent assets — 94 — 94 Time deposits Other noncurrent assets — 8 — 8 Total $ 277 $ 153 $ — $ 430 Liabilities Deferred compensation plan Accrued liabilities $ 73 $ — $ — $ 73 Deferred compensation plan Other noncurrent liabilities 590 — — 590 Total $ 663 $ — $ — $ 663

Share-based Compensation

Share-based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION The Company has various incentive plans under which performance based restricted stock units (“PRSUs”), service based restricted stock units (“RSUs”), and stock options have been issued. The table below presents awards granted (in millions, except weighted-average grant price). Six Months Ended June 30, 2023 Awards Weighted-Average Grant Price Awards granted: PRSUs 4.0 $ 15.41 RSUs 27.9 $ 14.93 Stock options 2.2 $ 15.02 The table below presents unrecognized compensation cost related to non-vested share-based awards and the weighted-average amortization period over which these expenses will be recognized as of June 30, 2023 (in millions, except years). Unrecognized Compensation Cost Weighted-Average Amortization Period PRSUs $ 49 1.9 RSUs 682 2.2 Stock options 144 2.9 Total unrecognized compensation cost $ 875

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax benefit was $260 million and $438 million for the three and six months ended June 30, 2023, respectively, and income tax benefit was $836 million and $635 million for the three and six months ended June 30, 2022, respectively. The decrease in income tax benefit for the three and six months ended June 30, 2023 was primarily attributable to an increase in pre-tax book income. The decrease is partially offset by the tax benefit from an uncertain tax position reserve release as a result of a multi-year audit resolution recorded in the three months ended June 30, 2023 and an unfavorable tax adjustment related to the preferred stock conversion transaction expense recorded in the three months ended June 30, 2022 associated with the Merger. Income tax benefit for the three and six months ended June 30, 2023 reflects an effective income tax rate that differs from the federal statutory tax rate primarily attributable to the effect of foreign operations, changes in uncertain tax positions, and state and local income taxes. As of June 30, 2023 and December 31, 2022, the Company’s reserves for uncertain tax positions totaled $2,134 million and $1,929 million, respectively. The increase in the reserve for uncertain tax positions as of June 30, 2023 is primarily attributable to tax reserves that were recorded in 2023 through purchase accounting related to the Merger, which is partially offset by tax reserves released in 2023 upon audit resolutions. It is reasonably possible that the total amount of unrecognized tax benefits related to certain of the Company’s uncertain tax positions could decrease by as much as $69 million within the next twelve months as a result of ongoing audits, lapses of statutes of limitations or regulatory developments.

Supplemental Disclosures

Supplemental Disclosures	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTAL DISCLOSURES	SUPPLEMENTAL DISCLOSURES The following tables present supplemental information related to the consolidated financial statements (in millions). Other Income (Expense), net Other income (expense), net, consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Foreign currency losses, net $ (4) $ (81) $ (97) $ (70) (Losses) gains on derivative instruments, net — (24) 3 473 Change in the value of investments with readily determinable fair value (8) (70) 21 (90) Gain on sale of equity method investments — 133 — 133 Change in fair value of equity investments without readily determinable fair value (3) — (71) — Other income (expense), net 42 (9) 98 (7) Total other income (expense), net $ 27 $ (51) $ (46) $ 439 Supplemental Cash Flow Information Six Months Ended June 30, 2023 2022 Cash paid for taxes, net $ 830 $ 442 Cash paid for interest, net 1,137 390 Non-cash investing and financing activities: Equity issued for the acquisition of WarnerMedia — 42,309 Accrued purchases of property and equipment 72 47 Assets acquired under finance lease and other arrangements 72 27 Assets held for sale 25 — Cash, Cash Equivalents, and Restricted Cash June 30, 2023 December 31, 2022 Cash and cash equivalents $ 3,027 $ 3,731 Restricted cash - recorded in prepaid expenses and other current assets (1) 50 199 Total cash, cash equivalents, and restricted cash $ 3,077 $ 3,930 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 6 and Note 10.) Goodwill and Intangible Assets Impairment Analysis During the six months ended June 30, 2023, the Company performed goodwill and intangible assets impairment monitoring procedures for all of its reporting units and identified no indicators of impairment or triggering events. Due to declining levels of global GDP growth, disruption in the film and television industry, a weakening advertising market associated with the Company’s Networks reporting unit, and execution risk associated with anticipated growth in the Company’s DTC reporting unit, the Company will continue to monitor its reporting units for changes that could impact recoverability. Assets Held for Sale In 2022, the Company classified its Ranch Lot and Knoxville office building and land as assets held for sale. The Company reclassified $209 million to prepaid expenses and other assets on the consolidated balance sheet during 2022 and stopped recording depreciation on the assets. The Knoxville office building and land was sold during the three months ended March 31, 2023. Supplier Finance Programs Consistent with customary industry practice, the Company generally pays certain content producers at or near the completion of the production cycle. In these arrangements, content producers may earn fees upon contractual milestones to be invoiced at or near completion of production. In these instances, the Company accrues the content in progress in accordance with the contractual milestones. Certain of the Company’s content producers sell their related receivables to a bank intermediary who provides payments that coincide with these contractual production milestones upon confirmation with the Company of our obligation to the content producer. This confirmation does not involve a security interest in the underlying content or otherwise result in the payable receiving seniority with respect to other payables of the Company. As of June 30, 2023 and December 31, 2022, the Company has confirmed $270 million and $273 million, respectively, of accrued content producer liabilities. These amounts were outstanding and unpaid by the Company and were recorded in accrued liabilities on the consolidated balance sheets, given the principal purpose of the arrangement is to allow producers access to funds prior to the typical payment due date and the arrangement does not significantly change the nature of the payables and does not significantly extend the payment terms beyond the industry norms. Invoices processed through the program are subject to a one-year maximum tenor. The Company does not incur any fees or expenses associated with the paying agent services, and this service may be terminated by the Company or the financial institution upon 30 days’ notice. At, or near, the production completion date (invoice due date), the Company pays the financial institution the stated amounts for confirmed producer invoices. These payments are reported as cash flows from operating activities. Accumulated Other Comprehensive Loss The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions). Three Months Ended June 30, 2023 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (1,072) $ 15 $ (48) $ (1,105) Other comprehensive income (loss) before reclassifications 60 11 (4) 67 Reclassifications from accumulated other comprehensive loss to net income — (4) — (4) Other comprehensive income (loss) 60 7 (4) 63 Ending balance $ (1,012) $ 22 $ (52) $ (1,042) Three Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (944) $ 10 $ (13) $ (947) Other comprehensive loss before reclassifications (488) (7) — (495) Reclassifications from accumulated other comprehensive loss to net income — (11) — (11) Other comprehensive loss (488) (18) — (506) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Six Months Ended June 30, 2023 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (1,498) $ 14 $ (39) $ (1,523) Other comprehensive income (loss) before reclassifications 486 14 (13) 487 Reclassifications from accumulated other comprehensive loss to net income — (6) — (6) Other comprehensive income (loss) 486 8 (13) 481 Ending balance $ (1,012) $ 22 $ (52) $ (1,042) Six Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (845) $ 28 $ (13) $ (830) Other comprehensive loss before reclassifications (585) (19) — (604) Reclassifications from accumulated other comprehensive loss to net income (2) (17) — (19) Other comprehensive loss (587) (36) — (623) Ending balance $ (1,432) $ (8) $ (13) $ (1,453)

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the normal course of business, the Company enters into transactions with related parties. Related parties include entities that share common directorship, such as Liberty Global plc (“Liberty Global”), Liberty Broadband Corporation (“Liberty Broadband”) and their subsidiaries (collectively the “Liberty Group”). The Company’s Board of Directors includes Dr. John Malone, who is Chairman of the Board of Liberty Global and Liberty Broadband and beneficially owns approximately 30% and 48% of the aggregate voting power with respect to the election of directors of Liberty Global and Liberty Broadband, respectively. The majority of the revenue earned from the Liberty Group relates to multi-year network distribution arrangements. Related party transactions also include revenues and expenses for content and services provided to or acquired from equity method investees, or minority partners of consolidated subsidiaries. The table below presents a summary of the transactions with related parties (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues and service charges: Liberty Group $ 456 $ 535 $ 974 $ 693 Equity method investees 118 179 293 237 Other 47 156 94 189 Total revenues and service charges $ 621 $ 870 $ 1,361 $ 1,119 Expenses $ 93 $ 166 $ 192 $ 242 Distributions to noncontrolling interests and redeemable noncontrolling interests $ 32 $ 40 $ 269 $ 264 The table below presents receivables due from and payables due to related parties (in millions). June 30, 2023 December 31, 2022 Receivables $ 403 $ 338 Payables $ 19 $ 38

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Put Rights The Company has granted put rights to non-controlling interest holders in certain consolidated subsidiaries, but the Company is unable to reasonably predict the ultimate amount or timing of any payment. In 2022, GoldenTree exercised its irrevocable put right for MotorTrend Group LLC (“MTG”), and the Company will be required to purchase GoldenTree’s 32.5% noncontrolling interest. The Company performed an analysis of the redemption value as of December 31, 2022, and both parties have begun the process of determining a fair market value based on their own appraisals. The Company does not expect this process, which is one of potentially several steps to agreeing to a redemption value, will be completed until later in 2023. Accordingly, there has been no change in the classification of MTG as mezzanine equity since the amount or date of the put is not certain. Legal Matters From time to time, in the normal course of its operations, the Company is subject to various litigation matters and claims, including claims related to employees, stockholders, vendors, other business partners or intellectual property. However, a determination as to the amount of the accrual required for such contingencies is highly subjective and requires judgment about future events. Although the outcome of these matters cannot be predicted with certainty and the impact of the final resolution of these matters on the Company's results of operations in a particular subsequent reporting period is not known, management does not believe that the resolution of these matters will have a material adverse effect on the Company's future consolidated financial position, future results of operations or cash flows.

Reportable Segments

Reportable Segments	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS The Company’s operating segments are determined based on: (i) financial information reviewed by its chief operating decision maker, the Chief Executive Officer (“CEO”), (ii) internal management and related reporting structure, and (iii) the basis upon which the CEO makes resource allocation decisions. The accounting policies of the reportable segments are the same as the Company’s, except that certain inter-segment transactions that are eliminated for consolidation are not eliminated at the segment level. Inter-segment transactions primarily include advertising and content licenses. The Company records inter-segment transactions of content licenses at the gross amount. Prior year amounts have been recast to reflect the current presentation. The Company does not report assets by segment because it is not used to allocate resources or evaluate segment performance. The Company evaluates the operating performance of its operating segments based on financial measures such as revenues and Adjusted EBITDA. Adjusted EBITDA is defined as operating income excluding: • employee share-based compensation; • depreciation and amortization; • restructuring and facility consolidation; • certain impairment charges; • gains and losses on business and asset dispositions; • certain inter-segment eliminations; • third-party transaction and integration costs; • amortization of purchase accounting fair value step-up for content; • amortization of capitalized interest for content; and • other items impacting comparability. The Company uses this measure to assess the operating results and performance of its segments, perform analytical comparisons, identify strategies to improve performance, and allocate resources to each segment. The Company believes Adjusted EBITDA is relevant to investors because it allows them to analyze the operating performance of each segment using the same metric management uses. The Company excludes employee share-based compensation, restructuring, certain impairment charges, gains and losses on business and asset dispositions, and transaction and integration costs from the calculation of Adjusted EBITDA due to their impact on comparability between periods. Integration costs include transformative system implementations and integrations, such as Enterprise Resource Planning systems, and may take several years to complete. The Company also excludes the depreciation of fixed assets and amortization of intangible assets, amortization of purchase accounting fair value step-up for content, and amortization of capitalized interest for content, as these amounts do not represent cash payments in the current reporting period. Certain corporate expenses and inter-segment eliminations related to production studios are excluded from segment results to enable executive management to evaluate segment performance based upon the decisions of segment executives. Adjusted EBITDA should be considered in addition to, but not a substitute for, operating income, net income, and other measures of financial performance reported in accordance with U.S. GAAP. The tables below present summarized financial information for each of the Company’s reportable segments and inter-segment eliminations (in millions). Revenues Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 2,581 $ 2,796 $ 5,793 $ 2,801 Networks 5,758 5,742 11,339 8,615 DTC 2,732 2,225 5,187 2,506 Corporate (1) 13 (1) 13 Inter-segment eliminations (712) (949) (1,260) (949) Total revenues $ 10,358 $ 9,827 $ 21,058 $ 12,986 Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 306 $ 239 $ 913 $ 242 Networks 2,166 2,262 4,459 3,617 DTC (3) (518) 47 (745) Corporate (245) (305) (600) (409) Inter-segment eliminations (75) (14) (59) (14) Adjusted EBITDA $ 2,149 $ 1,664 $ 4,760 $ 2,691 Reconciliation of Net Loss available to Warner Bros. Discovery, Inc. to Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net loss available to Warner Bros. Discovery, Inc. $ (1,240) $ (3,418) $ (2,309) $ (2,962) Net income attributable to redeemable noncontrolling interests 4 3 5 6 Net income attributable to noncontrolling interests 16 7 24 23 Income tax benefit (260) (836) (438) (635) Loss before income taxes (1,480) (4,244) (2,718) (3,568) Other (income) expense, net (27) 51 46 (439) Loss from equity investees, net 22 43 59 57 Loss on extinguishment of debt 5 — 5 — Interest expense, net 574 511 1,145 664 Operating loss (906) (3,639) (1,463) (3,286) Depreciation and amortization 1,914 2,266 3,972 2,791 Employee share-based compensation 135 147 241 204 Restructuring 146 1,033 241 1,038 Transaction and integration costs 47 983 94 1,070 Facility consolidation costs 23 — 23 — Amortization of fair value step-up for content 762 870 1,593 870 Amortization of capitalized interest for content 22 — 22 — Impairments and loss on dispositions 6 4 37 4 Adjusted EBITDA $ 2,149 $ 1,664 $ 4,760 $ 2,691

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On July 26, 2023, the Company terminated its Rule 10b5-1 senior note repurchase programs. Under the programs, $95 million was repurchased during July 2023. On August 3, 2023, the Company announced that its wholly-owned subsidiaries, Warner Media, LLC (“WML”), Historic TW Inc. (“TWI”), DCL and WarnerMedia Holdings, Inc. (“WMH”), had commenced cash tender offers pursuant to which (i) WML will offer to purchase for cash any and all of its outstanding 4.050% Senior Notes due 2023 and 3.550% Senior Notes due 2024, (ii) TWI will offer to purchase for cash any and all of its outstanding 7.570% Senior Notes due 2024, (iii) DCL will offer to purchase for cash any and all of its outstanding 3.800% Senior Notes due 2024 and (iv) WMH will offer to purchase for cash any and all of its outstanding 3.528% Senior Notes due 2024 and 3.428% Senior Notes due 2024.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries in which a controlling interest is maintained, including variable interest entities (“VIE”) for which the Company is the primary beneficiary. Intercompany accounts and transactions between consolidated entities have been eliminated.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments consisting only of normal recurring adjustments necessary to state fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. GAAP applicable to interim periods. The results of operations for the interim periods presented are not necessarily indicative of results for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K”).
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates.
Accounting and Reporting Pronouncements Adopted	Accounting and Reporting Pronouncements Adopted Supplier Finance Programs In September 2022, the Financial Accounting Standards Board issued guidance updating the disclosure requirements for supplier finance program obligations. This guidance provides specific authoritative guidance for disclosure of supplier finance programs, including key terms of such programs, amounts outstanding, and where the obligations are presented in the statement of financial position. The guidance is effective for annual periods beginning after December 15, 2022, including interim periods, except for the disclosure of roll forward information, which is effective for annual periods beginning after December 15, 2023. Certain components of this guidance must be applied retrospectively, while others may be applied prospectively. The Company adopted the guidance effective January 1, 2023 and has provided the required disclosures in Note 14.
Derivatives	In the normal course of business, the Company is exposed to foreign currency exchange rate market risk and interest rate fluctuations. As part of its risk management strategy, the Company uses derivative financial instruments, primarily foreign currency forward contracts, fixed-to-fixed currency swaps, total return swaps and interest rate swaps, to hedge certain foreign currency, market value and interest rate exposures. The Company’s objective is to reduce earnings volatility by offsetting gains and losses resulting from these exposures with losses and gains on the derivative contracts used to hedge them. The Company does not enter into or hold derivative financial instruments for speculative trading purposes.
Fair Value Measurements	Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified in the following three categories: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 – Valuations derived from techniques in which one or more significant inputs are unobservable.
Segments	The Company’s operating segments are determined based on: (i) financial information reviewed by its chief operating decision maker, the Chief Executive Officer (“CEO”), (ii) internal management and related reporting structure, and (iii) the basis upon which the CEO makes resource allocation decisions. The accounting policies of the reportable segments are the same as the Company’s, except that certain inter-segment transactions that are eliminated for consolidation are not eliminated at the segment level. Inter-segment transactions primarily include advertising and content licenses. The Company records inter-segment transactions of content licenses at the gross amount. Prior year amounts have been recast to reflect the current presentation. The Company does not report assets by segment because it is not used to allocate resources or evaluate segment performance. The Company evaluates the operating performance of its operating segments based on financial measures such as revenues and Adjusted EBITDA. Adjusted EBITDA is defined as operating income excluding: • employee share-based compensation; • depreciation and amortization; • restructuring and facility consolidation; • certain impairment charges; • gains and losses on business and asset dispositions; • certain inter-segment eliminations; • third-party transaction and integration costs; • amortization of purchase accounting fair value step-up for content; • amortization of capitalized interest for content; and • other items impacting comparability.

Equity and Earnings Per Share (

Equity and Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Equity And Earnings Per Share [Abstract]
Schedule of Income Available to Warner Bros. Discovery Stockholders	The table below sets forth the Company’s calculated earnings per share (in millions). Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (1,220) $ (3,408) $ (2,280) $ (2,933) Less: Allocation of undistributed income to Series A-1 convertible preferred stock — — — (49) Net income attributable to noncontrolling interests (16) (7) (24) (23) Net income attributable to redeemable noncontrolling interests (4) (3) (5) (6) Net loss allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net loss per share $ (1,240) $ (3,418) $ (2,309) $ (3,011) Denominator — weighted average: Common shares outstanding — basic and diluted 2,437 2,286 2,434 1,443 Basic net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09) Diluted net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09)
Schedule of Weighted Average Basic And Diluted Shares Outstanding	The table below sets forth the Company’s calculated earnings per share (in millions). Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (1,220) $ (3,408) $ (2,280) $ (2,933) Less: Allocation of undistributed income to Series A-1 convertible preferred stock — — — (49) Net income attributable to noncontrolling interests (16) (7) (24) (23) Net income attributable to redeemable noncontrolling interests (4) (3) (5) (6) Net loss allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net loss per share $ (1,240) $ (3,418) $ (2,309) $ (3,011) Denominator — weighted average: Common shares outstanding — basic and diluted 2,437 2,286 2,434 1,443 Basic net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09) Diluted net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09)
Schedule of Basic And Diluted Earnings per Share	The table below sets forth the Company’s calculated earnings per share (in millions). Earnings per share amounts may not recalculate due to rounding. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (1,220) $ (3,408) $ (2,280) $ (2,933) Less: Allocation of undistributed income to Series A-1 convertible preferred stock — — — (49) Net income attributable to noncontrolling interests (16) (7) (24) (23) Net income attributable to redeemable noncontrolling interests (4) (3) (5) (6) Net loss allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net loss per share $ (1,240) $ (3,418) $ (2,309) $ (3,011) Denominator — weighted average: Common shares outstanding — basic and diluted 2,437 2,286 2,434 1,443 Basic net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09) Diluted net loss per share allocated to common stockholders $ (0.51) $ (1.50) $ (0.95) $ (2.09)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Anti-dilutive share-based awards 73 57 67 45

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Components of the Acquisition	The following table summarizes the components of the aggregate purchase consideration paid to acquire WM (in millions). Fair value of WBD common stock issued to AT&T shareholders (1) $ 42,309 Fair value of share-based compensation awards attributable to pre-combination services (2) 94 Settlement of preexisting relationships (3) (27) Purchase consideration $ 42,376 (1) The fair value of WBD common stock issued to AT&T shareholders represents approximately 1,732 million shares of WBD common stock multiplied by the closing share price for Discovery Series A common stock of $24.43 on Nasdaq on the Closing Date. The number of shares of WBD common stock issued in the Merger was determined based on the number of fully diluted shares of Discovery, Inc. common stock immediately prior to the closing of the Merger, multiplied by the quotient of 71%/29%. (2) This amount represents the value of AT&T restricted stock unit awards that were not vested and were replaced by WBD restricted stock unit awards with similar terms and conditions as the original AT&T awards. The conversion was based on the ratio of the volume-weighted average per share closing price of AT&T common stock on the ten trading days prior to the Closing Date and the volume-weighted average per share closing price of WBD common stock on the ten trading days following the Closing Date. The fair value of replacement equity-based awards attributable to pre-Merger service was recorded as part of the consideration transferred in the Merger. (3) The amount represents the effective settlement of outstanding payables and receivables between the Company and WM. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The allocation of the purchase price to the assets acquired and liabilities assumed, measurement period adjustments, and a reconciliation to total consideration transferred is presented in the table below (in millions). Preliminary Measurement Period Final Cash $ 2,419 $ (10) $ 2,409 Accounts receivable 4,224 (60) 4,164 Other current assets 4,619 (133) 4,486 Film and television content rights and games 28,729 (344) 28,385 Property and equipment 4,260 13 4,273 Goodwill 21,513 596 22,109 Intangible assets 44,889 100 44,989 Other noncurrent assets 5,206 283 5,489 Current liabilities (10,544) 12 (10,532) Debt assumed (41,671) (9) (41,680) Deferred income taxes (13,264) 492 (12,772) Other noncurrent liabilities (8,004) (940) (8,944) Total consideration paid $ 42,376 $ — $ 42,376
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The table below presents a summary of intangible assets acquired, exclusive of content assets, and the weighted average useful life of these assets. Fair Value Weighted Average Useful Life in Years Trade names $ 21,084 34 Affiliate, advertising and subscriber relationships 14,800 6 Franchises 7,900 35 Other intangible assets 1,205 Total intangible assets acquired $ 44,989
Schedule of Business Acquisition, Pro Forma Information	The following table presents WM revenue and earnings as reported within the consolidated financial statements (in millions). Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Three and Six Months Ended June 30, 2022 Revenues: Distribution $ 3,871 $ 7,756 $ 3,526 Advertising 1,250 2,404 1,163 Content 2,978 6,316 2,835 Other 226 454 208 Total revenues 8,325 16,930 7,732 Inter-segment eliminations (630) (1,107) (840) Net revenues $ 7,695 $ 15,823 $ 6,892 Net loss available to Warner Bros. Discovery, Inc. $ (1,366) $ (2,413) $ (3,020) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Revenues $ 10,823 $ 22,264 Net loss available to Warner Bros. Discovery, Inc. (1,857) (2,156)

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs by Reportable Segment	Restructuring by reportable segments and corporate and inter-segment eliminations were as follows (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 10 $ 200 $ 86 $ 200 Networks 110 308 113 312 DTC 18 475 27 475 Corporate and inter-segment eliminations 8 50 15 51 Total restructuring $ 146 $ 1,033 $ 241 $ 1,038
Schedule of Restructuring and Related Costs Changes in Exit Liabilities	Changes in restructuring liabilities recorded in accrued liabilities and other noncurrent liabilities by major category and by reportable segment and corporate and inter-segment eliminations were as follows (in millions). Studios Networks DTC Corporate and Inter-Segment Eliminations Total December 31, 2022 $ 156 $ 361 $ 188 $ 159 $ 864 Contract termination accruals, net 25 2 — — 27 Employee termination accruals, net 21 107 13 18 159 Other accruals — 2 — — 2 Cash paid (117) (252) (116) (95) (580) June 30, 2023 $ 85 $ 220 $ 85 $ 82 $ 472

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s revenues disaggregated by revenue source (in millions). Three Months Ended June 30, 2023 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 3 $ 2,941 $ 2,192 $ (1) $ 5,135 Advertising 4 2,448 121 (54) 2,519 Content 2,398 284 410 (646) 2,446 Other 176 85 9 (12) 258 Total $ 2,581 $ 5,758 $ 2,732 $ (713) $ 10,358 Three Months Ended June 30, 2022 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 4 $ 2,841 $ 1,993 $ — $ 4,838 Advertising 10 2,624 96 (9) 2,721 Content 2,636 220 132 (924) 2,064 Other 146 57 4 (3) 204 Total $ 2,796 $ 5,742 $ 2,225 $ (936) $ 9,827 Six Months Ended June 30, 2023 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 6 $ 5,936 $ 4,357 $ (1) $ 10,298 Advertising 7 4,685 224 (99) 4,817 Content 5,425 529 595 (1,149) 5,400 Other 355 189 11 (12) 543 Total $ 5,793 $ 11,339 $ 5,187 $ (1,261) $ 21,058 Six Months Ended June 30, 2022 Studios Networks DTC Corporate and Inter-segment Eliminations Total Revenues: Distribution $ 4 $ 3,961 $ 2,225 $ — $ 6,190 Advertising 10 4,054 142 (9) 4,197 Content 2,641 536 134 (924) 2,387 Other 146 64 5 (3) 212 Total $ 2,801 $ 8,615 $ 2,506 $ (936) $ 12,986
Schedule of Contract Balances	The following table presents contract liabilities on the consolidated balance sheets (in millions). Category Balance Sheet Location June 30, 2023 December 31, 2022 Contract liabilities Deferred revenues $ 1,548 $ 1,694 Contract liabilities Other noncurrent liabilities 393 361
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	The following table presents a summary of remaining performance obligations by contract type (in millions). Contract Type June 30, 2023 Duration Distribution - fixed price or minimum guarantee $ 3,951 Through 2031 Content licensing and sports sublicensing 6,077 Through 2030 Brand licensing 2,267 Through 2043 Advertising 921 Through 2027 Total $ 13,216

Sales of Receivables (Tables)

Sales of Receivables (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Transfer of Financial Assets Accounted for as Sales	The following table presents a summary of receivables sold (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gross receivables sold/cash proceeds received $ 3,637 $ 3,205 $ 6,416 $ 3,205 Collections reinvested under revolving agreement (3,642) (3,505) (6,487) (3,505) Net cash proceeds remitted (a) $ (5) $ (300) $ (71) $ (300) Net receivables sold $ 3,606 $ 3,198 $ 6,304 $ 3,198 Obligations recorded (Level 3) $ 112 $ 98 $ 260 $ 98 (a) Includes the collection on receivables sold but not remitted of $405 million as of June 30, 2023.
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents a summary of the amounts transferred or pledged (in millions). June 30, 2023 December 31, 2022 Gross receivables pledged as collateral $ 3,585 $ 3,468 Restricted cash pledged as collateral $ — $ 150 Balance sheet classification: Receivables, net $ 3,285 $ 3,015 Prepaid expenses and other current assets $ — $ 150 Other noncurrent assets $ 300 $ 453

Content Rights (Tables)

Content Rights (Tables)	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Content Rights	The table below presents the components of content rights (in millions). June 30, 2023 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 2,774 $ — $ 2,774 Completed and not released 629 — 629 In production 1,549 — 1,549 In development 105 — 105 Television production costs: Released, less amortization 2,050 6,718 8,768 Completed and not released 412 664 1,076 In production 337 3,620 3,957 In development 64 12 76 Total theatrical film and television production costs $ 7,920 $ 11,014 $ 18,934 Programming rights, less amortization 5,295 Game development costs, less amortization 604 Total film and television content rights and games 24,833 Less: Current content rights and prepaid license fees, net (440) Total noncurrent film and television content rights and games $ 24,393 December 31, 2022 Predominantly Monetized Individually Predominantly Monetized as a Group Total Theatrical film production costs: Released, less amortization $ 3,544 $ — $ 3,544 Completed and not released 507 — 507 In production 1,700 — 1,700 In development 95 — 95 Television production costs: Released, less amortization 2,200 6,513 8,713 Completed and not released 939 310 1,249 In production 427 4,424 4,851 In development 30 15 45 Total theatrical film and television production costs $ 9,442 $ 11,262 $ 20,704 Programming rights, less amortization 5,843 Game development costs, less amortization 650 Total film and television content rights and games 27,197 Less: Current content rights and prepaid license fees, net (545) Total noncurrent film and television content rights and games $ 26,652
Schedule of Content Rights Expense	Content amortization consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Predominately monetized individually $ 1,031 $ 1,927 $ 2,562 $ 2,177 Predominately monetized as a group 3,579 3,189 6,675 3,908 Total content amortization $ 4,610 $ 5,116 $ 9,237 $ 6,085

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
Summary of Investment Holdings	The Company’s equity investments consisted of the following, net of investments recorded in other noncurrent liabilities (in millions). Category Balance Sheet Location Ownership June 30, 2023 December 31, 2022 Equity method investments: The Chernin Group (TCG) 2.0-A, LP Other noncurrent assets 44% $ 279 $ 313 nC+ Other noncurrent assets 32% 135 135 Other Other noncurrent assets 595 614 Total equity method investments 1,009 1,062 Investments with readily determinable fair values Other noncurrent assets 43 28 Investments without readily determinable fair values Other noncurrent assets (a) 436 498 Total investments $ 1,488 $ 1,588 (a) Investments without readily determinable fair values included $17 million as of June 30, 2023 and $10 million as of December 31, 2022 that were included in prepaid expenses and other current assets.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Outstanding Debt	The table below presents the components of outstanding debt (in millions). Weighted-Average June 30, 2023 December 31, 2022 Term loans with maturities of 3 years or less 6.52 % $ 1,400 $ 4,000 Floating rate senior notes with maturities of 5 years or less 6.70 % 40 500 Senior notes with maturities of 5 years or less 3.91 % 15,873 12,759 Senior notes with maturities between 5 and 10 years 4.28 % 8,607 10,373 Senior notes with maturities greater than 10 years 5.11 % 21,644 21,644 Total debt 47,564 49,276 Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net (287) (277) Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting 47,277 48,999 Current portion of debt (3,001) (365) Noncurrent portion of debt $ 44,276 $ 48,634

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the impact of derivative financial instruments on the Company’s consolidated balance sheets (in millions). There were no amounts eligible to be offset under master netting agreements as of June 30, 2023 and December 31, 2022. The fair value of the Company’s derivative financial instruments was determined using a market-based approach (Level 2). June 30, 2023 December 31, 2022 Fair Value Fair Value Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Notional Prepaid expenses and other current assets Other non- Accounts payable and accrued liabilities Other non- Cash flow hedges: Foreign exchange $ 1,867 $ 62 $ 27 $ 34 $ 16 $ 1,382 $ 49 $ 35 $ 42 $ 25 Cross-currency swaps — — — — — 482 3 58 — — Net investment hedges: (a) Cross-currency swaps 1,761 20 9 10 49 1,778 20 12 — 73 Fair value hedges: Interest rate swaps 1,500 14 — — 13 — — — — — No hedging designation: Foreign exchange 1,090 2 1 3 87 976 5 1 3 96 Cross-currency swaps — — — — — 139 3 — — 3 Interest rate swaps 6,000 41 20 — — — — — — — Total return swaps 377 15 — — — 291 — — 13 — Total $ 154 $ 57 $ 47 $ 165 $ 80 $ 106 $ 58 $ 197 (a) Excludes €164 million of euro-denominated notes ($179 million and $174 million equivalent at June 30, 2023 and December 31, 2022, respectively) designated as net investment hedges and £407 million of sterling notes ($513 million equivalent at June 30, 2023) designated as a net investment hedge. (See Note 9.)
Schedule of Derivative Instruments Designated as Cash Flow Hedges, Effect on Income and Other Comprehensive Income (Loss)	The following table presents the pre-tax impact of derivatives designated as cash flow hedges on income and other comprehensive (loss) income (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gains (losses) recognized in accumulated other comprehensive loss: Foreign exchange - derivative adjustments $ 19 $ (7) $ 20 $ (20) Gains (losses) reclassified into income from accumulated other comprehensive loss: Foreign exchange - distribution revenue (1) (2) (2) 2 Foreign exchange - advertising revenue — — — 1 Foreign exchange - costs of revenues (11) 18 (9) 19 Foreign exchange - other income (expense), net 18 — 18 — Interest rate - interest expense, net — (1) 1 (1)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	The following table presents the pre-tax impact of derivatives designated as net investment hedges on other comprehensive (loss) income (in millions). Other than amounts excluded from effectiveness testing, there were no other gains (losses) reclassified from accumulated other comprehensive loss to income during the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2023 2022 2023 2022 Cross currency swaps $ 3 $ 52 Interest expense, net $ 6 $ 7 Euro-denominated notes (foreign denominated debt) — 6 N/A — — Sterling notes (foreign denominated debt) (6) 41 N/A — — Total $ (3) $ 99 $ 6 $ 7 Six Months Ended June 30, Amount of gain (loss) recognized in AOCI Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) 2023 2022 2023 2022 Cross currency swaps $ 25 $ 71 Interest expense, net $ 11 $ 22 Euro denominated notes (foreign denominated debt) 5 6 N/A — — Sterling notes (foreign denominated debt) (6) 54 N/A — — Total $ 24 $ 131 $ 11 $ 22
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following table presents fair value hedge adjustments to hedged borrowings (in millions). Carrying Amount of Cumulative Amount of Fair Value Hedging Adjustments Included in Hedged Borrowings Balance Sheet Location June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Noncurrent portion of debt $ 1,501 $ — $ 1 $ — The following table presents the pretax impact of derivatives designated as fair value hedges on income, including offsetting changes in fair value of the hedged items (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gain (loss) on changes in fair value of hedged fixed rate debt (1) $ 11 $ — $ (1) $ — (Loss) gain on changes in the fair value of derivative contracts (1) (11) — 1 — Total in interest expense, net $ — $ — $ — $ — (1) Accrued interest related to the hedged debt and derivative contracts is excluded from the amounts above and was $20 million and $25 million for the three and six months ended June 30, 2023, respectively.
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following table presents the pretax gains (losses) on derivatives not designated as hedges and recognized in selling, general and administrative expense and other income (expense), net in the consolidated statements of operations (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Interest rate swaps $ 62 $ — $ 62 $ — Total return swaps 13 — 31 — Total in selling, general and administrative expense 75 — 93 — Interest rate swaps — — — 512 Cross-currency swaps 1 7 1 7 Foreign exchange derivatives (1) (31) 2 (46) Total in other income (expense), net — (24) 3 473 Total $ 75 $ (24) $ 96 $ 473

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured on Recurring Basis	The tables below present assets and liabilities measured at fair value on a recurring basis (in millions). June 30, 2023 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 145 $ — $ 145 Equity securities: Money market fund Cash and cash equivalents 2 — — 2 Mutual funds Prepaid expenses and other current assets 10 — — 10 Company-owned life insurance contracts Prepaid expenses and other current assets — 4 — 4 Mutual funds Other noncurrent assets 238 — — 238 Company-owned life insurance contracts Other noncurrent assets — 94 — 94 Total $ 250 $ 243 $ — $ 493 Liabilities Deferred compensation plan Accrued liabilities $ 65 $ — $ — $ 65 Deferred compensation plan Other noncurrent liabilities 604 — — 604 Total $ 669 $ — $ — $ 669 December 31, 2022 Category Balance Sheet Location Level 1 Level 2 Level 3 Total Assets Cash equivalents: Time deposits Cash and cash equivalents $ — $ 50 $ — $ 50 Equity securities: Money market funds Cash and cash equivalents 20 — — 20 Mutual funds Prepaid expenses and other current assets 14 — — 14 Company-owned life insurance contracts Prepaid expenses and other current assets — 1 — 1 Mutual funds Other noncurrent assets 243 — — 243 Company-owned life insurance contracts Other noncurrent assets — 94 — 94 Time deposits Other noncurrent assets — 8 — 8 Total $ 277 $ 153 $ — $ 430 Liabilities Deferred compensation plan Accrued liabilities $ 73 $ — $ — $ 73 Deferred compensation plan Other noncurrent liabilities 590 — — 590 Total $ 663 $ — $ — $ 663

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Other Share-based Compensation, Activity	The table below presents awards granted (in millions, except weighted-average grant price). Six Months Ended June 30, 2023 Awards Weighted-Average Grant Price Awards granted: PRSUs 4.0 $ 15.41 RSUs 27.9 $ 14.93 Stock options 2.2 $ 15.02
Schedule of Unrecognized Compensation Cost, Nonvested Awards	The table below presents unrecognized compensation cost related to non-vested share-based awards and the weighted-average amortization period over which these expenses will be recognized as of June 30, 2023 (in millions, except years). Unrecognized Compensation Cost Weighted-Average Amortization Period PRSUs $ 49 1.9 RSUs 682 2.2 Stock options 144 2.9 Total unrecognized compensation cost $ 875

Supplemental Disclosures (Table

Supplemental Disclosures (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Income, Net	Other income (expense), net, consisted of the following (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Foreign currency losses, net $ (4) $ (81) $ (97) $ (70) (Losses) gains on derivative instruments, net — (24) 3 473 Change in the value of investments with readily determinable fair value (8) (70) 21 (90) Gain on sale of equity method investments — 133 — 133 Change in fair value of equity investments without readily determinable fair value (3) — (71) — Other income (expense), net 42 (9) 98 (7) Total other income (expense), net $ 27 $ (51) $ (46) $ 439
Schedule of Supplemental Cash Flow Information	Supplemental Cash Flow Information Six Months Ended June 30, 2023 2022 Cash paid for taxes, net $ 830 $ 442 Cash paid for interest, net 1,137 390 Non-cash investing and financing activities: Equity issued for the acquisition of WarnerMedia — 42,309 Accrued purchases of property and equipment 72 47 Assets acquired under finance lease and other arrangements 72 27 Assets held for sale 25 —
Schedule of Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash June 30, 2023 December 31, 2022 Cash and cash equivalents $ 3,027 $ 3,731 Restricted cash - recorded in prepaid expenses and other current assets (1) 50 199 Total cash, cash equivalents, and restricted cash $ 3,077 $ 3,930 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 6 and Note 10.)
Schedule of Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash June 30, 2023 December 31, 2022 Cash and cash equivalents $ 3,027 $ 3,731 Restricted cash - recorded in prepaid expenses and other current assets (1) 50 199 Total cash, cash equivalents, and restricted cash $ 3,077 $ 3,930 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables and hedging programs. (See Note 6 and Note 10.)
Schedule of Accumulated Other Comprehensive Loss	The table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions). Three Months Ended June 30, 2023 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (1,072) $ 15 $ (48) $ (1,105) Other comprehensive income (loss) before reclassifications 60 11 (4) 67 Reclassifications from accumulated other comprehensive loss to net income — (4) — (4) Other comprehensive income (loss) 60 7 (4) 63 Ending balance $ (1,012) $ 22 $ (52) $ (1,042) Three Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Beginning balance $ (944) $ 10 $ (13) $ (947) Other comprehensive loss before reclassifications (488) (7) — (495) Reclassifications from accumulated other comprehensive loss to net income — (11) — (11) Other comprehensive loss (488) (18) — (506) Ending balance $ (1,432) $ (8) $ (13) $ (1,453) Six Months Ended June 30, 2023 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (1,498) $ 14 $ (39) $ (1,523) Other comprehensive income (loss) before reclassifications 486 14 (13) 487 Reclassifications from accumulated other comprehensive loss to net income — (6) — (6) Other comprehensive income (loss) 486 8 (13) 481 Ending balance $ (1,012) $ 22 $ (52) $ (1,042) Six Months Ended June 30, 2022 Currency Translation Derivatives Pension Plan and SERP Liability Accumulated Other Comprehensive Loss Beginning balance $ (845) $ 28 $ (13) $ (830) Other comprehensive loss before reclassifications (585) (19) — (604) Reclassifications from accumulated other comprehensive loss to net income (2) (17) — (19) Other comprehensive loss (587) (36) — (623) Ending balance $ (1,432) $ (8) $ (13) $ (1,453)

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions, Revenues and Expenses	The table below presents a summary of the transactions with related parties (in millions). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues and service charges: Liberty Group $ 456 $ 535 $ 974 $ 693 Equity method investees 118 179 293 237 Other 47 156 94 189 Total revenues and service charges $ 621 $ 870 $ 1,361 $ 1,119 Expenses $ 93 $ 166 $ 192 $ 242 Distributions to noncontrolling interests and redeemable noncontrolling interests $ 32 $ 40 $ 269 $ 264 The table below presents receivables due from and payables due to related parties (in millions). June 30, 2023 December 31, 2022 Receivables $ 403 $ 338 Payables $ 19 $ 38

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Revenues by Segment	The tables below present summarized financial information for each of the Company’s reportable segments and inter-segment eliminations (in millions). Revenues Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 2,581 $ 2,796 $ 5,793 $ 2,801 Networks 5,758 5,742 11,339 8,615 DTC 2,732 2,225 5,187 2,506 Corporate (1) 13 (1) 13 Inter-segment eliminations (712) (949) (1,260) (949) Total revenues $ 10,358 $ 9,827 $ 21,058 $ 12,986
Schedule Of Adjusted EBITDA By Segment	Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Studios $ 306 $ 239 $ 913 $ 242 Networks 2,166 2,262 4,459 3,617 DTC (3) (518) 47 (745) Corporate (245) (305) (600) (409) Inter-segment eliminations (75) (14) (59) (14) Adjusted EBITDA $ 2,149 $ 1,664 $ 4,760 $ 2,691
Schedule of Reconciliation of Net Income available to Discovery, Inc. to total Adjusted EBITDA	Reconciliation of Net Loss available to Warner Bros. Discovery, Inc. to Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net loss available to Warner Bros. Discovery, Inc. $ (1,240) $ (3,418) $ (2,309) $ (2,962) Net income attributable to redeemable noncontrolling interests 4 3 5 6 Net income attributable to noncontrolling interests 16 7 24 23 Income tax benefit (260) (836) (438) (635) Loss before income taxes (1,480) (4,244) (2,718) (3,568) Other (income) expense, net (27) 51 46 (439) Loss from equity investees, net 22 43 59 57 Loss on extinguishment of debt 5 — 5 — Interest expense, net 574 511 1,145 664 Operating loss (906) (3,639) (1,463) (3,286) Depreciation and amortization 1,914 2,266 3,972 2,791 Employee share-based compensation 135 147 241 204 Restructuring 146 1,033 241 1,038 Transaction and integration costs 47 983 94 1,070 Facility consolidation costs 23 — 23 — Amortization of fair value step-up for content 762 870 1,593 870 Amortization of capitalized interest for content 22 — 22 — Impairments and loss on dispositions 6 4 37 4 Adjusted EBITDA $ 2,149 $ 1,664 $ 4,760 $ 2,691

Description of Business and B_3

Description of Business and Basis of Presentation (Details) - USD ($) $ in Millions			3 Months Ended	6 Months Ended
	Apr. 08, 2022	Apr. 07, 2022	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Cash acquired from business acquisition				$ 0	$ 2,419
WarnerMedia
Business Acquisition [Line Items]
Total consideration paid	$ 42,376
Cash acquired from business acquisition			$ 1,200
Percentage of voting interests acquired	29%
WarnerMedia | WarnerMedia
Business Acquisition [Line Items]
Total consideration paid	$ 42,400
WarnerMedia | AT&T
Business Acquisition [Line Items]
Percentage of voting interests acquired	71%
WarnerMedia | AT&T
Business Acquisition [Line Items]
Total consideration paid		$ 40,500

Equity and Earnings Per Share_2

Equity and Earnings Per Share (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Apr. 08, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Class of Stock [Line Items]
Selling, general and administrative		$ 2,562	$ 3,538	$ 4,950	$ 4,578
WarnerMedia
Class of Stock [Line Items]
Equity interest issued or issuable (in shares)	1,732,000,000
Series A Common Stock, par value $0.01 per share | WarnerMedia
Class of Stock [Line Items]
Equity interest issued or issuable (in shares)	1,700,000,000
Series A Common Stock, par value $0.01 per share | AT&T | WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series B Common Stock | AT&T | WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series C Common Stock | AT&T | WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	1
Series A-1 Convertible Preferred Stock | WarnerMedia
Class of Stock [Line Items]
Selling, general and administrative	$ 789
Series A-1 Convertible Preferred Stock | AT&T | WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	13.1135
Series C-1 Convertible Preferred Stock | AT&T | WarnerMedia
Class of Stock [Line Items]
Entity shares issued per acquiree share	19.3648

Equity and Earnings Per Share_3

Equity and Earnings Per Share (Calculated Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net loss	$ (1,220)	$ (3,408)	$ (2,280)	$ (2,933)
Less:
Allocation of undistributed income to Series A-1 convertible preferred stock	0	0	0	(49)
Net income attributable to noncontrolling interests	(16)	(7)	(24)	(23)
Net income attributable to redeemable noncontrolling interests	(4)	(3)	(5)	(6)
Net loss allocated to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted net loss per share	$ (1,240)	$ (3,418)	$ (2,309)	$ (3,011)
Denominator — weighted average:
Common shares outstanding — basic (in shares)	2,437	2,286	2,434	1,443
Common shares outstanding — diluted (in shares)	2,437	2,286	2,434	1,443
Basic net loss per share allocated to common stockholders (in dollars per share)	$ (0.51)	$ (1.50)	$ (0.95)	$ (2.09)
Diluted net loss per share allocated to common stockholders (in dollars per share)	$ (0.51)	$ (1.50)	$ (0.95)	$ (2.09)

Equity and Earnings Per Share_4

Equity and Earnings Per Share (Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Anti-dilutive share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards	73	57	67	45

Acquisitions and Dispositions_2

Acquisitions and Dispositions (Acquisitions) (Details) $ in Millions		3 Months Ended			6 Months Ended
	Apr. 08, 2022 USD ($) countryAndTerritory	Jun. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Number of countries and territories available | countryAndTerritory	220
Cash acquired from business acquisition					$ 0	$ 2,419
Transaction-related costs incurred		$ 47		$ 983	94	1,070
Selling, general and administrative		2,562		3,538	4,950	4,578
WarnerMedia
Business Acquisition [Line Items]
Cash acquired from business acquisition			$ 1,200
Impact of measurement period adjustments		220			368
Transaction-related costs incurred		$ 47		$ 194	$ 94	$ 281
WarnerMedia | Series A-1 Convertible Preferred Stock
Business Acquisition [Line Items]
Selling, general and administrative	$ 789
WarnerMedia | Studios
Business Acquisition [Line Items]
Acquisitions	9,308
WarnerMedia | Networks
Business Acquisition [Line Items]
Acquisitions	7,074
WarnerMedia | DTC
Business Acquisition [Line Items]
Acquisitions	$ 5,727

Acquisitions and Dispositions_3

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

Acquisitions and Dispositions_4

Acquisitions and Dispositions (Schedule of Consideration Paid) (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 08, 2022	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Goodwill			$ 34,911	$ 34,438
Intangible assets	$ 44,989
WarnerMedia
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash	2,409
Accounts receivable	4,164
Other current assets	4,486
Film and television content rights and games	28,385
Property and equipment	4,273
Goodwill	22,109
Intangible assets	44,989
Other noncurrent assets	5,489
Current liabilities	(10,532)
Debt assumed	(41,680)		$ (1,400)
Deferred income taxes	(12,772)
Other noncurrent liabilities	(8,944)
Total consideration paid	42,376
Measurement Period Adjustments
Cash		$ (10)
Accounts receivable		(60)
Other current assets		(133)
Film and television content rights and games		(344)
Property and equipment		13
Goodwill		596
Intangible assets		100
Other noncurrent assets		283
Current liabilities		12
Debt assumed		(9)
Deferred income taxes		492
Other noncurrent liabilities		(940)
Total consideration paid		$ 0
WarnerMedia | Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash	2,419
Accounts receivable	4,224
Other current assets	4,619
Film and television content rights and games	28,729
Property and equipment	4,260
Goodwill	21,513
Intangible assets	44,889
Other noncurrent assets	5,206
Current liabilities	(10,544)
Debt assumed	(41,671)
Deferred income taxes	(13,264)
Other noncurrent liabilities	(8,004)
Total consideration paid	$ 42,376

Acquisitions and Dispositions_5

Acquisitions and Dispositions (Schedule of Intangible Assets Acquired) (Details) $ in Millions	Apr. 08, 2022 USD ($)
Business Acquisition [Line Items]
Fair Value	$ 44,989
Trade names
Business Acquisition [Line Items]
Fair Value	$ 21,084
Weighted Average Useful Life in Years	34 years
Affiliate, advertising and subscriber relationships
Business Acquisition [Line Items]
Fair Value	$ 14,800
Weighted Average Useful Life in Years	6 years
Franchises
Business Acquisition [Line Items]
Fair Value	$ 7,900
Weighted Average Useful Life in Years	35 years
Other intangible assets
Business Acquisition [Line Items]
Fair Value	$ 1,205

Acquisitions and Dispositions_6

Acquisitions and Dispositions (Schedule of Revenues and Earnings Reported Within Consolidated Financial Statements) (Details) - WarnerMedia - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Revenues	$ 7,695	$ 6,892	$ 15,823	$ 6,892
Net loss available to Warner Bros. Discovery, Inc.	(1,366)	(3,020)	(2,413)	(3,020)
Operating Segments
Business Acquisition [Line Items]
Revenues	8,325	7,732	16,930	7,732
Inter-segment eliminations
Business Acquisition [Line Items]
Revenues	(630)	(840)	(1,107)	(840)
Distribution | Operating Segments
Business Acquisition [Line Items]
Revenues	3,871	3,526	7,756	3,526
Advertising | Operating Segments
Business Acquisition [Line Items]
Revenues	1,250	1,163	2,404	1,163
Content | Operating Segments
Business Acquisition [Line Items]
Revenues	2,978	2,835	6,316	2,835
Other | Operating Segments
Business Acquisition [Line Items]
Revenues	$ 226	$ 208	$ 454	$ 208

Acquisitions and Dispositions_7

Acquisitions and Dispositions (Schedule of Pro Forma) (Details) - WarnerMedia - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Revenues	$ 10,823	$ 22,264
Net loss available to Warner Bros. Discovery, Inc.	$ (1,857)	$ (2,156)

Acquisitions and Dispositions_8

Acquisitions and Dispositions (Dispositions) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of equity method investments		$ 0	$ 133	$ 0	$ 133
Discontinued Operations, Disposed of by Sale | Discovery Education
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Minority interest sale price	$ 138
Gain on sale of equity method investments	$ 133

Restructuring (Schedule of Rest

Restructuring (Schedule of Restructuring by Reportable Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 146	$ 1,033	$ 241	$ 1,038
Operating Segments | Studios
Restructuring Cost and Reserve [Line Items]
Restructuring	10	200	86	200
Operating Segments | Networks
Restructuring Cost and Reserve [Line Items]
Restructuring	110	308	113	312
Operating Segments | DTC
Restructuring Cost and Reserve [Line Items]
Restructuring	18	475	27	475
Corporate and Inter-Segment Eliminations
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 8	$ 50	$ 15	$ 51

Restructuring (Additional Infor

Restructuring (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 146	$ 1,033	$ 241	$ 1,038
Contract Terminations And Facility Consolidation Activities
Restructuring Cost and Reserve [Line Items]
Restructuring	15		71
Organization Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Restructuring	124		159
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring	7
Content Impairment, Abandonment
Restructuring Cost and Reserve [Line Items]
Restructuring		496		501
Content Related Write-Offs
Restructuring Cost and Reserve [Line Items]
Restructuring	11
Content Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 28	502	$ 124	506
Severance and Management Changes Member
Restructuring Cost and Reserve [Line Items]
Restructuring		208		208
Content Development Write Offs
Restructuring Cost and Reserve [Line Items]
Restructuring		$ 329		$ 329

Restructuring (Liabilities) (De

Restructuring (Liabilities) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Restructuring Reserve
Beginning balance	$ 864
Other accruals	2
Cash paid	(580)
Ending balance	472
Contract termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	27
Employee termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	159
Corporate and Inter-Segment Eliminations
Restructuring Reserve
Beginning balance	159
Other accruals	0
Cash paid	(95)
Ending balance	82
Corporate and Inter-Segment Eliminations | Contract termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	0
Corporate and Inter-Segment Eliminations | Employee termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	18
Studios | Operating Segments
Restructuring Reserve
Beginning balance	156
Other accruals	0
Cash paid	(117)
Ending balance	85
Studios | Operating Segments | Contract termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	25
Studios | Operating Segments | Employee termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	21
Networks | Operating Segments
Restructuring Reserve
Beginning balance	361
Other accruals	2
Cash paid	(252)
Ending balance	220
Networks | Operating Segments | Contract termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	2
Networks | Operating Segments | Employee termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	107
DTC | Operating Segments
Restructuring Reserve
Beginning balance	188
Other accruals	0
Cash paid	(116)
Ending balance	85
DTC | Operating Segments | Contract termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	0
DTC | Operating Segments | Employee termination accruals, net
Restructuring Reserve
Restructuring reserve, accrual adjustment	$ 13

Revenues (Revenue Recognition)

Revenues (Revenue Recognition) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 10,358	$ 9,827	$ 21,058	$ 12,986
Distribution
Disaggregation of Revenue [Line Items]
Revenues	5,135	4,838	10,298	6,190
Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,519	2,721	4,817	4,197
Content
Disaggregation of Revenue [Line Items]
Revenues	2,446	2,064	5,400	2,387
Other
Disaggregation of Revenue [Line Items]
Revenues	258	204	543	212
Operating Segments | Studios
Disaggregation of Revenue [Line Items]
Revenues	2,581	2,796	5,793	2,801
Operating Segments | Studios | Distribution
Disaggregation of Revenue [Line Items]
Revenues	3	4	6	4
Operating Segments | Studios | Advertising
Disaggregation of Revenue [Line Items]
Revenues	4	10	7	10
Operating Segments | Studios | Content
Disaggregation of Revenue [Line Items]
Revenues	2,398	2,636	5,425	2,641
Operating Segments | Studios | Other
Disaggregation of Revenue [Line Items]
Revenues	176	146	355	146
Operating Segments | Networks
Disaggregation of Revenue [Line Items]
Revenues	5,758	5,742	11,339	8,615
Operating Segments | Networks | Distribution
Disaggregation of Revenue [Line Items]
Revenues	2,941	2,841	5,936	3,961
Operating Segments | Networks | Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,448	2,624	4,685	4,054
Operating Segments | Networks | Content
Disaggregation of Revenue [Line Items]
Revenues	284	220	529	536
Operating Segments | Networks | Other
Disaggregation of Revenue [Line Items]
Revenues	85	57	189	64
Operating Segments | DTC
Disaggregation of Revenue [Line Items]
Revenues	2,732	2,225	5,187	2,506
Operating Segments | DTC | Distribution
Disaggregation of Revenue [Line Items]
Revenues	2,192	1,993	4,357	2,225
Operating Segments | DTC | Advertising
Disaggregation of Revenue [Line Items]
Revenues	121	96	224	142
Operating Segments | DTC | Content
Disaggregation of Revenue [Line Items]
Revenues	410	132	595	134
Operating Segments | DTC | Other
Disaggregation of Revenue [Line Items]
Revenues	9	4	11	5
Corporate and Inter-Segment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(713)	(936)	(1,261)	(936)
Corporate and Inter-Segment Eliminations | Distribution
Disaggregation of Revenue [Line Items]
Revenues	(1)	0	(1)	0
Corporate and Inter-Segment Eliminations | Advertising
Disaggregation of Revenue [Line Items]
Revenues	(54)	(9)	(99)	(9)
Corporate and Inter-Segment Eliminations | Content
Disaggregation of Revenue [Line Items]
Revenues	(646)	(924)	(1,149)	(924)
Corporate and Inter-Segment Eliminations | Other
Disaggregation of Revenue [Line Items]
Revenues	$ (12)	$ (3)	$ (12)	$ (3)

Revenues (Schedule of Contract

Revenues (Schedule of Contract Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liabilities - deferred revenues	$ 1,548	$ 1,694
Contract liabilities - other noncurrent liabilities	$ 393	$ 361

Revenues (Contract Balances) (D

Revenues (Contract Balances) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized related to the contract liability (deferred revenues)	$ 1,102	$ 347

Revenues (Transaction Price All

Revenues (Transaction Price Allocated to Remaining Performance Obligations) (Details) $ in Millions	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 13,216
Distribution - fixed price or minimum guarantee | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 3,951
Remaining performance obligations, expected timing of satisfaction, period	8 years 6 months 3 days
Content licensing and sports sublicensing | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 6,077
Remaining performance obligations, expected timing of satisfaction, period	3 years 6 months
Brand licensing | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 2,267
Remaining performance obligations, expected timing of satisfaction, period	20 years 6 months 7 days
Advertising | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 921
Remaining performance obligations, expected timing of satisfaction, period	4 years 6 months

Sales of Receivables (Narrative

Sales of Receivables (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Loss on revolving receivables program	$ 9	$ 41	$ 42	$ 41
Outstanding receivables derecognized	5,295		5,295
Accounts receivable sold under factoring arrangements			72	$ 0
Asset Pledged as Collateral
Financing Receivable, Allowance for Credit Loss [Line Items]
Cash	$ 3,585		$ 3,585

Sales of Receivables (Summary o

Sales of Receivables (Summary of Receivables Sold) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Gross receivables sold/cash proceeds received	$ 3,637	$ 3,205	$ 6,416	$ 3,205
Collections reinvested under revolving agreement	(3,642)	(3,505)	(6,487)	(3,505)
Net cash proceeds remitted (a)	(5)	(300)	(71)	(300)
Net receivables sold	3,606	3,198	6,304	3,198
Obligations recorded (Level 3)	112	$ 98	260	$ 98
Collection on receivables sold but not remitted	$ 405		$ 405

Sales of Receivables (Summary_2

Sales of Receivables (Summary of Accounts Serviced) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Restricted cash pledged as collateral	$ 50	$ 199
Asset Pledged as Collateral
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross receivables pledged as collateral	3,585	3,468
Restricted cash pledged as collateral	0	150
Asset Pledged as Collateral | Receivables, net
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivables, net	3,285	3,015
Asset Pledged as Collateral | Other noncurrent assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Other noncurrent assets	$ 300	$ 453

Content Rights (Schedule of Con

Content Rights (Schedule of Content Rights) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Content Rights [Line Items]
Predominantly Monetized Individually	$ 7,920	$ 9,442
Predominantly Monetized as a Group	11,014	11,262
Total	18,934	20,704
Programming rights, less amortization	5,295	5,843
Game development costs, less amortization	604	650
Total film and television content rights and games	24,833	27,197
Less: Current content rights and prepaid license fees, net	(440)	(545)
Total noncurrent film and television content rights and games	24,393	26,652
Theatrical film production costs
Content Rights [Line Items]
Predominantly Monetized Individually, Released, less amortization	2,774	3,544
Predominantly Monetized Individually, Completed and not released	629	507
Predominantly Monetized Individually, In production	1,549	1,700
Predominantly Monetized Individually, In development	105	95
Predominantly Monetized as a Group, Released, less amortization	0	0
Predominantly Monetized as a Group, Completed and not released	0	0
Predominantly Monetized as a Group, In production	0	0
Predominantly Monetized as a Group, In development	0	0
Total, Released, less amortization	2,774	3,544
Total, Completed and not released	629	507
Total, In production	1,549	1,700
Total, In development	105	95
Television production costs
Content Rights [Line Items]
Predominantly Monetized Individually, Released, less amortization	2,050	2,200
Predominantly Monetized Individually, Completed and not released	412	939
Predominantly Monetized Individually, In production	337	427
Predominantly Monetized Individually, In development	64	30
Predominantly Monetized as a Group, Released, less amortization	6,718	6,513
Predominantly Monetized as a Group, Completed and not released	664	310
Predominantly Monetized as a Group, In production	3,620	4,424
Predominantly Monetized as a Group, In development	12	15
Total, Released, less amortization	8,768	8,713
Total, Completed and not released	1,076	1,249
Total, In production	3,957	4,851
Total, In development	$ 76	$ 45

Content Rights (Schedule Of C_2

Content Rights (Schedule Of Content Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Predominately monetized individually	$ 1,031	$ 1,927	$ 2,562	$ 2,177
Predominately monetized as a group	3,579	3,189	6,675	3,908
Total content amortization	$ 4,610	$ 5,116	$ 9,237	$ 6,085

Content Rights (Narrative) (Det

Content Rights (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Content Expense [Line Items]
Restructuring	$ 146	$ 1,033	$ 241	$ 1,038
Content Impairment
Content Expense [Line Items]
Restructuring	$ 28	502	$ 124	506
Content Development Write Offs
Content Expense [Line Items]
Restructuring		329		329
Content Development Write Offs | WarnerMedia
Content Expense [Line Items]
Restructuring		329		329
Content Impairment, Abandonment
Content Expense [Line Items]
Restructuring		$ 496		$ 501

Investments (Schedule of Invest

Investments (Schedule of Investments) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investments:	$ 1,009	$ 1,062
Investments with readily determinable fair values	43	28
Investments without readily determinable fair values	436	498
Total investments	$ 1,488	1,588
The Chernin Group (TCG) 2.0-A, LP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	44%
Equity method investments:	$ 279	313
nC+
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	32%
Equity method investments:	$ 135	135
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments:	595	614
Prepaid expenses and other current assets
Schedule of Equity Method Investments [Line Items]
Investments without readily determinable fair values	$ 17	$ 10

Investments (Equity Method Inve

Investments (Equity Method Investments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 1,009		$ 1,009		$ 1,062
Loss from equity investees, net	22	$ 43	59	$ 57
Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Variable interest, maximum exposure to loss	771		771
Equity method investments	712		712		$ 720
Loss from equity investees, net	$ 25	$ 3	$ 53	$ 20

Investments (Equity Investments

Investments (Equity Investments Without Readily Determinable Fair Values Assessed Under the Measurement Alternative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments [Abstract]
Equity securities without readily determinable fair value, decrease in fair value	$ 3	$ 0	$ 71	$ 0
Equity securities without readily determinable fair value, cumulative impairments	$ 300		$ 300

Debt (Outstanding Debt) (Detail

Debt (Outstanding Debt) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 47,564		$ 49,276
Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net	(287)		(277)
Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting	47,277		48,999
Current portion of debt	(3,001)		(365)
Noncurrent portion of debt	$ 44,276		48,634
Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	6.412%	6.412%
Term loans with maturities of 3 years or less | Term Loan
Debt Instrument [Line Items]
Debt instrument, maturity term	3 years
Total debt	$ 1,400		4,000
Term loans with maturities of 3 years or less | Weighted Average | Term Loan
Debt Instrument [Line Items]
Weighted average interest rate	6.52%
Floating rate senior notes with maturities of 5 years or less | Senior Notes
Debt Instrument [Line Items]
Debt instrument, maturity term	5 years
Total debt	$ 40		500
Floating rate senior notes with maturities of 5 years or less | Weighted Average | Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	6.70%
Senior notes with maturities of 5 years or less | Senior Notes
Debt Instrument [Line Items]
Debt instrument, maturity term	5 years
Total debt	$ 15,873		12,759
Senior notes with maturities of 5 years or less | Weighted Average | Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	3.91%
Senior notes with maturities between 5 and 10 years | Senior Notes
Debt Instrument [Line Items]
Total debt	$ 8,607		10,373
Senior notes with maturities between 5 and 10 years | Minimum | Senior Notes
Debt Instrument [Line Items]
Debt instrument, maturity term	5 years
Senior notes with maturities between 5 and 10 years | Maximum | Senior Notes
Debt Instrument [Line Items]
Debt instrument, maturity term	10 years
Senior notes with maturities between 5 and 10 years | Weighted Average | Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	4.28%
Senior notes with maturities greater than 10 years | Senior Notes
Debt Instrument [Line Items]
Debt instrument, maturity term	10 years
Total debt	$ 21,644		$ 21,644
Senior notes with maturities greater than 10 years | Weighted Average | Senior Notes
Debt Instrument [Line Items]
Weighted average interest rate	5.11%

Debt (Long Term Debt) (Details)

Debt (Long Term Debt) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Apr. 08, 2022
WarnerMedia
Debt Instrument [Line Items]
Debt assumed	$ 1,400,000,000				$ 41,680,000,000
Senior Notes And Term Loans | WarnerMedia
Debt Instrument [Line Items]
Debt assumed					$ 41,500,000,000
Senior Notes
Debt Instrument [Line Items]
Senior note, amount repurchased	$ 88,000,000
Principal repayments of term loans		$ 106,000,000
Face amount		$ 1,500,000,000
Debt instrument interest rate	6.412%	6.412%
Senior Notes | Floating rate senior notes with maturities of 5 years or less
Debt Instrument [Line Items]
Senior note, amount repurchased	$ 460,000,000
Senior Notes | 2.375% Senior Notes
Debt Instrument [Line Items]
Debt instrument interest rate				2.375%
Extinguishment of debt, amount				$ 327,000,000
Senior Notes | Un-exchanged Scripps Senior Notes | Scripps Networks
Debt Instrument [Line Items]
Principal amount of liabilities assumed	23,000,000
Term Loan
Debt Instrument [Line Items]
Principal repayments of term loans	1,100,000,000	$ 1,500,000,000	$ 3,500,000,000
Face amount	$ 10,000,000,000

Debt (Revolving Credit Facility

Debt (Revolving Credit Facility) (Details)	Apr. 08, 2024	Jun. 30, 2023 USD ($)	Apr. 08, 2023	Dec. 31, 2022 USD ($)	Apr. 09, 2022 USD ($)
Line of Credit Facility [Line Items]
Long-term debt, gross		$ 47,564,000,000		$ 49,276,000,000
Commercial Paper
Line of Credit Facility [Line Items]
Long-term debt, gross		$ 0		$ 0
Term Loan
Line of Credit Facility [Line Items]
Debt instrument, covenant, consolidated interest coverage ratio, minimum					3
Debt instrument, covenant, adjusted consolidated leverage ratio, maximum			5		5.75
Term Loan | Forecast
Line of Credit Facility [Line Items]
Debt instrument, covenant, adjusted consolidated leverage ratio, maximum	4.50
Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity					$ 6,000,000,000
Debt instrument, covenant, consolidated interest coverage ratio, minimum					3
Debt instrument, covenant, adjusted consolidated leverage ratio, maximum			5		5.75
Revolving Credit Facility | Line of Credit | Forecast
Line of Credit Facility [Line Items]
Debt instrument, covenant, adjusted consolidated leverage ratio, maximum	4.50
Additional Commitments Upon Satisfaction Of Certain Conditions | Line of Credit
Line of Credit Facility [Line Items]
Revolving line of credit, maximum borrowing capacity					$ 1,000,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments (Schedule of Derivative Instruments, Fair Value) (Details) € in Millions, £ in Millions	Jun. 30, 2023 USD ($)	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 GBP (£)	Dec. 31, 2022 USD ($)
Derivatives, Fair Value [Line Items]
Amounts eligible to be offset under master netting agreements	$ 0			$ 0
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	154,000,000			80,000,000
Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets	57,000,000			106,000,000
Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	47,000,000			58,000,000
Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	165,000,000			197,000,000
Not Designated as Hedging Instrument | Foreign exchange derivatives
Derivatives, Fair Value [Line Items]
Notional	1,090,000,000			976,000,000
Not Designated as Hedging Instrument | Foreign exchange derivatives | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	2,000,000			5,000,000
Not Designated as Hedging Instrument | Foreign exchange derivatives | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	1,000,000			1,000,000
Not Designated as Hedging Instrument | Foreign exchange derivatives | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	3,000,000			3,000,000
Not Designated as Hedging Instrument | Foreign exchange derivatives | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	87,000,000			96,000,000
Not Designated as Hedging Instrument | Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional	0			139,000,000
Not Designated as Hedging Instrument | Cross-currency swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			3,000,000
Not Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			0
Not Designated as Hedging Instrument | Cross-currency swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Not Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			3,000,000
Not Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional	6,000,000,000			0
Not Designated as Hedging Instrument | Interest rate swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	41,000,000			0
Not Designated as Hedging Instrument | Interest rate swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	20,000,000			0
Not Designated as Hedging Instrument | Interest rate swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Not Designated as Hedging Instrument | Interest rate swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Not Designated as Hedging Instrument | Total return swaps
Derivatives, Fair Value [Line Items]
Notional	377,000,000			291,000,000
Not Designated as Hedging Instrument | Total return swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	15,000,000			0
Not Designated as Hedging Instrument | Total return swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			0
Not Designated as Hedging Instrument | Total return swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			13,000,000
Not Designated as Hedging Instrument | Total return swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives
Derivatives, Fair Value [Line Items]
Notional	1,867,000,000			1,382,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	62,000,000			49,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	27,000,000			35,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	34,000,000			42,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	16,000,000			25,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional	0			482,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			3,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			58,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Net investment hedges | Designated as Hedging Instrument | Foreign exchange derivatives | Euro Denominated Borrowings
Derivatives, Fair Value [Line Items]
Notional	179,000,000	€ 164		174,000,000
Net investment hedges | Designated as Hedging Instrument | Foreign exchange derivatives | Sterling Notes
Derivatives, Fair Value [Line Items]
Notional	513,000,000		£ 407
Net investment hedges | Designated as Hedging Instrument | Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional	1,761,000,000			1,778,000,000
Net investment hedges | Designated as Hedging Instrument | Cross-currency swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	20,000,000			20,000,000
Net investment hedges | Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	9,000,000			12,000,000
Net investment hedges | Designated as Hedging Instrument | Cross-currency swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	10,000,000			0
Net investment hedges | Designated as Hedging Instrument | Cross-currency swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	49,000,000			73,000,000
Fair Value Hedging | Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional	1,500,000,000			0
Fair Value Hedging | Designated as Hedging Instrument | Interest rate swaps | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	14,000,000			0
Fair Value Hedging | Designated as Hedging Instrument | Interest rate swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, Fair Value	0			0
Fair Value Hedging | Designated as Hedging Instrument | Interest rate swaps | Accounts payable and accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	0			0
Fair Value Hedging | Designated as Hedging Instrument | Interest rate swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, Fair Value	$ 13,000,000			$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments (Narrative) (Details) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Senior Notes
Derivative [Line Items]
Face amount			$ 1,500,000,000
Weighted average interest rate		6.412%	6.412%
Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge		32 years
Designated as Hedging Instrument | Net investment hedges | Cross-currency swaps
Derivative [Line Items]
Gain on derivative	$ 76,000,000
Not Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Notional		$ 6,000,000,000

Derivative Financial Instrume_5

Derivative Financial Instruments (Schedule of Income and Comprehensive Income (Loss) Impact of Items Designated as Cash Flow Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in accumulated other comprehensive loss	$ 11	$ (7)	$ 14	$ (19)
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in accumulated other comprehensive loss	19	(7)	20	(20)
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Distribution
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	(1)	(2)	(2)	2
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Advertising
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	0	0	0	1
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Cost of Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	(11)	18	(9)	19
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	18	0	18	0
Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified into income from accumulated other comprehensive loss	$ 0	$ (1)	$ 1	$ (1)

Derivative Financial Instrume_6

Derivative Financial Instruments (Schedule of Comprehensive Income (Loss) Impact of Items Designated as Net Investment Hedges) (Details) - Designated as Hedging Instrument - Net investment hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	$ (3)	$ 99	$ 24	$ 131
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	6	7	11	22
Euro Denominated Borrowings
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	0	6	5	6
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	0	0	0	0
Sterling Notes
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	(6)	41	(6)	54
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	0	0	0	0
Cross-currency swaps
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI	3	52	25	71
Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)	$ 6	$ 7	$ 11	$ 22

Derivative Financial Instrume_7

Derivative Financial Instruments (Hedging Activities Fair Value) (Details) - Long-Term Debt - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Hedged Borrowings	$ 1,501	$ 0
Cumulative Amount of Fair Value Hedging Adjustments Included in Hedged Borrowings	$ 1	$ 0

Derivative Financial Instrume_8

Derivative Financial Instruments (Interest Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on changes in fair value of hedged fixed rate debt	$ 11	$ 0	$ (1)	$ 0
(Loss) gain on changes in the fair value of derivative contracts	(11)	0	1	0
Total in interest expense, net	0	$ 0	0	$ 0
Fair value of equity contracts excluded from effectiveness assessment	$ 20		$ 25

Derivative Financial Instrume_9

Derivative Financial Instruments (Schedule of Pre-Tax Impact of Items not Designated as Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	$ 0	$ (24)	$ 3	$ 473
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	75	(24)	96	473
Selling, General and Administrative Expenses | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	75	0	93	0
Other income (expense), net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	0	(24)	3	473
Interest rate swaps | Selling, General and Administrative Expenses | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	62	0	62	0
Interest rate swaps | Other income (expense), net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	0	0	0	512
Total return swaps | Selling, General and Administrative Expenses | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	13	0	31	0
Cross-currency swaps | Other income (expense), net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	1	7	1	7
Foreign exchange derivatives | Other income (expense), net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total in other income (expense), net	$ (1)	$ (31)	$ 2	$ (46)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Assets And Liabilities Measured On Recurring Basis) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	$ 493	$ 430
Liabilities	669	663
Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	145	50
Equity securities	2	20
Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	10	14
Company-owned life insurance contracts	4	1
Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits		8
Equity securities	238	243
Company-owned life insurance contracts	94	94
Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	65	73
Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	604	590
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	250	277
Liabilities	669	663
Level 1 | Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	0	0
Equity securities	2	20
Level 1 | Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	10	14
Company-owned life insurance contracts	0	0
Level 1 | Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits		0
Equity securities	238	243
Company-owned life insurance contracts	0	0
Level 1 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	65	73
Level 1 | Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	604	590
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	243	153
Liabilities	0	0
Level 2 | Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	145	50
Equity securities	0	0
Level 2 | Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts	4	1
Level 2 | Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits		8
Equity securities	0	0
Company-owned life insurance contracts	94	94
Level 2 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 2 | Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
Liabilities	0	0
Level 3 | Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	0	0
Equity securities	0	0
Level 3 | Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Company-owned life insurance contracts	0	0
Level 3 | Other noncurrent assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits		0
Equity securities	0	0
Company-owned life insurance contracts	0	0
Level 3 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	0	0
Level 3 | Other noncurrent liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred compensation plan	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Billions	Jun. 30, 2023	Dec. 31, 2022
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes, fair value	$ 41.2	$ 38

Share-based Compensation (Award

Share-based Compensation (Awards Granted and Converted During Period) (Details) shares in Millions	6 Months Ended
	Jun. 30, 2023 $ / shares shares
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted, Awards (in shares) | shares	4
Awards granted, weighted-average grant price (in dollars per share) | $ / shares	$ 15.41
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted, Awards (in shares) | shares	27.9
Awards granted, weighted-average grant price (in dollars per share) | $ / shares	$ 14.93
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, granted (in shares) | shares	2.2
Stock options, weighted-average grant price (in dollars per share) | $ / shares	$ 15.02

Share-based Compensation (Unrec

Share-based Compensation (Unrecognized Compensation Cost) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 875
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 49
Weighted-Average Amortization Period (years)	1 year 10 months 24 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 682
Weighted-Average Amortization Period (years)	2 years 2 months 12 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 144
Weighted-Average Amortization Period (years)	2 years 10 months 24 days

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit	$ 260	$ 836	$ 438	$ 635
Unrecognized tax benefits	2,134		2,134		$ 1,929
Unrecognized tax benefits, decreases resulting from current period tax positions			69
Unrecognized tax benefits, income tax penalties and interest accrued	$ 507		$ 507		$ 413

Supplemental Disclosures (Sched

Supplemental Disclosures (Schedule of Other (Expense) Income, Net) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign currency losses, net	$ (4)	$ (81)	$ (97)	$ (70)
(Losses) gains on derivative instruments, net	0	(24)	3	473
Change in the value of investments with readily determinable fair value	(8)	(70)	21	(90)
Gain on sale of equity method investments	0	133	0	133
Change in fair value of equity investments without readily determinable fair value	(3)	0	(71)	0
Other income (expense), net	42	(9)	98	(7)
Total other income (expense), net	$ 27	$ (51)	$ (46)	$ 439

Supplemental Disclosures (Sch_2

Supplemental Disclosures (Schedule of Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash paid for taxes, net	$ 830	$ 442
Cash paid for interest, net	1,137	390
Non-cash investing and financing activities:
Equity issued for the acquisition of WarnerMedia	0	42,309
Accrued purchases of property and equipment	72	47
Assets acquired under finance lease and other arrangements	72	27
Assets held for sale	$ 25	$ 0

Supplemental Disclosures (Sch_3

Supplemental Disclosures (Schedule of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 3,027	$ 3,731
Restricted cash - recorded in prepaid expenses and other current assets	50	199
Total cash, cash equivalents, and restricted cash	$ 3,077	$ 3,930	$ 3,896	$ 3,905

Supplemental Disclosures (Asset

Supplemental Disclosures (Assets Held for Sale) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Discontinued Operations, Held-for-sale | Ranch Lot And Knoxville Office Building
Long-Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 209

Supplemental Disclosures (Suppl

Supplemental Disclosures (Supplier Finance Programs) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplier finance program, obligation, current	$ 270	$ 273
Supplier finance program, termination timing, period	30 days

Supplemental Disclosures (Accum

Supplemental Disclosures (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 47,533	$ 48,349	$ 13,227	$ 13,033	$ 48,349	$ 13,033
Other comprehensive income (loss) before reclassifications			(495)
Reclassifications from accumulated other comprehensive loss to net income			(11)
Other comprehensive income (loss)	63	418	(506)	(117)
Ending balance	46,479	47,533	52,619	13,227	46,479	52,619
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(1,105)	(1,523)	(947)	(830)	(1,523)	(830)
Other comprehensive income (loss) before reclassifications	67				487	(604)
Reclassifications from accumulated other comprehensive loss to net income	(4)				(6)	(19)
Other comprehensive income (loss)	63	418	(506)	(117)	481	(623)
Ending balance	(1,042)	(1,105)	(1,453)	(947)	(1,042)	(1,453)
Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(1,072)	(1,498)	(944)	(845)	(1,498)	(845)
Other comprehensive income (loss) before reclassifications	60		(488)		486	(585)
Reclassifications from accumulated other comprehensive loss to net income	0		0		0	(2)
Other comprehensive income (loss)	60		(488)		486	(587)
Ending balance	(1,012)	(1,072)	(1,432)	(944)	(1,012)	(1,432)
Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	15	14	10	28	14	28
Other comprehensive income (loss) before reclassifications	11		(7)		14	(19)
Reclassifications from accumulated other comprehensive loss to net income	(4)		(11)		(6)	(17)
Other comprehensive income (loss)	7		(18)		8	(36)
Ending balance	22	15	(8)	10	22	(8)
Pension Plan and SERP Liability
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(48)	(39)	(13)	(13)	(39)	(13)
Other comprehensive income (loss) before reclassifications	(4)		0		(13)	0
Reclassifications from accumulated other comprehensive loss to net income	0		0		0	0
Other comprehensive income (loss)	(4)		0		(13)	0
Ending balance	$ (52)	$ (48)	$ (13)	$ (13)	$ (52)	$ (13)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - Board of Directors Chairman	Jun. 30, 2023
Liberty Global
Related Party Transaction [Line Items]
Aggregate voting power percentage of a related party	30%
Liberty Broadband
Related Party Transaction [Line Items]
Aggregate voting power percentage of a related party	48%

Related Party Transactions (Sch

Related Party Transactions (Schedule of Related Party Transactions, Revenues and Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Revenues and service charges	$ 10,358	$ 9,827	$ 21,058	$ 12,986
Expenses	11,264	13,466	22,521	16,272
Distributions to noncontrolling interests and redeemable noncontrolling interests			269	264
Related Party
Related Party Transaction [Line Items]
Revenues and service charges	621	870	1,361	1,119
Expenses	93	166	192	242
Distributions to noncontrolling interests and redeemable noncontrolling interests	32	40	269	264
Liberty Group
Related Party Transaction [Line Items]
Revenues and service charges	456	535	974	693
Equity method investees
Related Party Transaction [Line Items]
Revenues and service charges	118	179	293	237
Other
Related Party Transaction [Line Items]
Revenues and service charges	$ 47	$ 156	$ 94	$ 189

Related Party Transactions (S_2

Related Party Transactions (Schedule of Related Party Transactions, Receivables) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Receivables	$ 6,770	$ 6,380
Payables	1,689	1,454
Liberty Group
Related Party Transaction [Line Items]
Receivables	403	338
Payables	$ 19	$ 38

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)	Dec. 31, 2022
MTG Joint Venture
Other Commitments [Line Items]
Percentage of voting interests acquired	32.50%

Reportable Segments (Schedule o

Reportable Segments (Schedule of Revenues by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 10,358	$ 9,827	$ 21,058	$ 12,986
Operating Segments | Studios
Segment Reporting Information [Line Items]
Total revenues	2,581	2,796	5,793	2,801
Operating Segments | Networks
Segment Reporting Information [Line Items]
Total revenues	5,758	5,742	11,339	8,615
Operating Segments | DTC
Segment Reporting Information [Line Items]
Total revenues	2,732	2,225	5,187	2,506
Corporate
Segment Reporting Information [Line Items]
Total revenues	(1)	13	(1)	13
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total revenues	$ (712)	$ (949)	$ (1,260)	$ (949)

Reportable Segments (Schedule_2

Reportable Segments (Schedule of Adjusted EBITDA by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 2,149	$ 1,664	$ 4,760	$ 2,691
Operating Segments | Studios
Segment Reporting Information [Line Items]
Adjusted EBITDA	306	239	913	242
Operating Segments | Networks
Segment Reporting Information [Line Items]
Adjusted EBITDA	2,166	2,262	4,459	3,617
Operating Segments | DTC
Segment Reporting Information [Line Items]
Adjusted EBITDA	(3)	(518)	47	(745)
Corporate
Segment Reporting Information [Line Items]
Adjusted EBITDA	(245)	(305)	(600)	(409)
Inter-segment eliminations
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (75)	$ (14)	$ (59)	$ (14)

Reportable Segments (Schedule_3

Reportable Segments (Schedule of Reconciliation of Net Loss available to Warner Bros. Discovery, Inc. to Adjusted EBITDA) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Net loss available to Warner Bros. Discovery, Inc.	$ (1,240)	$ (3,418)	$ (2,309)	$ (2,962)
Net income attributable to redeemable noncontrolling interests	4	3	5	6
Net income attributable to noncontrolling interests	16	7	24	23
Income tax benefit	(260)	(836)	(438)	(635)
Loss before income taxes	(1,480)	(4,244)	(2,718)	(3,568)
Other (income) expense, net	(27)	51	46	(439)
Loss from equity investees, net	22	43	59	57
Loss on extinguishment of debt	5	0	5	0
Interest expense, net	574	511	1,145	664
Operating loss	(906)	(3,639)	(1,463)	(3,286)
Depreciation and amortization	1,914	2,266	3,972	2,791
Employee share-based compensation	135	147	241	204
Restructuring	146	1,033	241	1,038
Transaction and integration costs	47	983	94	1,070
Facility consolidation costs	23	0	23	0
Amortization of fair value step-up for content	762	870	1,593	870
Amortization of capitalized interest for content	22	0	22	0
Impairments and loss on dispositions	6	4	37	4
Adjusted EBITDA	$ 2,149	$ 1,664	$ 4,760	$ 2,691

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2023	Aug. 03, 2023	Jun. 30, 2023	Mar. 31, 2023
Senior Notes
Subsequent Event [Line Items]
Debt instrument interest rate			6.412%	6.412%
Subsequent Event
Subsequent Event [Line Items]
Senior notes repurchased	$ 95
Subsequent Event | Senior Notes | Senior Notes Due 2023, 4.050%
Subsequent Event [Line Items]
Debt instrument interest rate		4.05%
Subsequent Event | Senior Notes | Senior Notes Due 2024, 3.550%
Subsequent Event [Line Items]
Debt instrument interest rate		3.55%
Subsequent Event | Senior Notes | Senior Notes Due 2024, 7.570%
Subsequent Event [Line Items]
Debt instrument interest rate		7.57%
Subsequent Event | Senior Notes | Senior Notes Due 2024, 3.800%
Subsequent Event [Line Items]
Debt instrument interest rate		3.80%
Subsequent Event | Senior Notes | Senior Notes Due 2024, 3.428%
Subsequent Event [Line Items]
Debt instrument interest rate		3.528%
Subsequent Event | Senior Notes | Senior Notes Due 2024, 3.428%
Subsequent Event [Line Items]
Debt instrument interest rate		3.428%