Activision Blizzard (ATVI) 10-Q 29 Oct 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 22, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	1-15839
Entity Registrant Name	ACTIVISION BLIZZARD, INC.
Entity Central Index Key	0000718877
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4803544
Entity Address, Address Line One	3100 Ocean Park Boulevard
Entity Address, City or Town	Santa Monica,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90405
City Area Code	310
Local Phone Number	255-2000
Title of 12(b) Security	Common Stock, par value $0.000001 per share
Trading Symbol	ATVI
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		772,857,185

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,415	$ 5,794
Accounts receivable, net of allowances of $88 and $132, at September 30, 2020 and December 31, 2019, respectively	619	848
Software development	398	322
Other current assets	570	328
Total current assets	9,002	7,292
Software development	145	54
Property and equipment, net	211	253
Deferred income taxes, net	1,287	1,293
Other assets	699	658
Intangible assets, net	469	531
Goodwill	9,764	9,764
Total assets	21,577	19,845
Current liabilities:
Accounts payable	224	292
Deferred revenues	1,108	1,375
Accrued expenses and other liabilities	855	1,248
Total current liabilities	2,187	2,915
Long-term debt, net	3,604	2,675
Deferred income taxes, net	480	505
Other liabilities	924	945
Total liabilities	7,195	7,040
Commitments and contingencies (Note 16)
Shareholders’ equity:
Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,201,482,888 and 1,197,436,644 shares issued at September 30, 2020 and December 31, 2019, respectively	0	0
Additional paid-in capital	11,395	11,174
Less: Treasury stock, at cost, 428,676,471 shares at September 30, 2020 and December 31, 2019	(5,563)	(5,563)
Retained earnings	9,183	7,813
Accumulated other comprehensive loss	(633)	(619)
Total shareholders’ equity	14,382	12,805
Total liabilities and shareholders’ equity	$ 21,577	$ 19,845

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts receivable allowance	$ 88	$ 132
Common stock, par value (in dollars per share)	$ 0.000001	$ 0.000001
Common stock, shares authorized (in shares)	2,400,000,000	2,400,000,000
Common stock, shares issued (in shares)	1,201,482,888	1,197,436,644
Treasury stock, shares (in shares)	428,676,471	428,676,471

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net revenues
Net revenues	$ 1,954	$ 1,282	$ 5,674	$ 4,503
Cost of revenues—product sales and subscription, licensing, and other revenues:
Product development	274	210	802	702
Sales and marketing	238	182	722	580
General and administrative	186	177	529	527
Restructuring and related costs	9	24	39	104
Total costs and expenses	1,176	1,035	3,535	3,350
Operating income	778	247	2,139	1,153
Interest and other expense (income), net (Note 12)	25	(2)	55	(33)
Loss on extinguishment of debt	31	0	31	0
Income before income tax expense	722	249	2,053	1,186
Income tax expense	118	45	365	208
Net income	$ 604	$ 204	$ 1,688	$ 978
Earnings per common share
Basic (in dollars per share)	$ 0.78	$ 0.27	$ 2.19	$ 1.28
Diluted (in dollars per share)	$ 0.78	$ 0.26	$ 2.17	$ 1.27
Weighted-average number of shares outstanding
Basic (in shares)	772	767	771	766
Diluted (in shares)	779	771	777	770
Product sales
Net revenues
Net revenues	$ 408	$ 260	$ 1,484	$ 1,276
Product costs
Cost of revenues—product sales and subscription, licensing, and other revenues:
Cost of revenues	101	137	357	388
Software royalties, amortization, and intellectual property licenses
Cost of revenues—product sales and subscription, licensing, and other revenues:
Cost of revenues	37	9	152	171
Subscription, licensing, and other revenues
Net revenues
Net revenues	1,546	1,022	4,190	3,227
Game operations and distribution costs
Cost of revenues—product sales and subscription, licensing, and other revenues:
Cost of revenues	290	246	819	714
Software royalties, amortization, and intellectual property licenses
Cost of revenues—product sales and subscription, licensing, and other revenues:
Cost of revenues	$ 41	$ 50	$ 115	$ 164

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 604	$ 204	$ 1,688	$ 978
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	21	(6)	11	(5)
Unrealized gains (losses) on forward contracts designated as hedges, net of tax	(18)	10	(26)	4
Unrealized gains (losses) on investments, net of tax	(2)	(3)	1	(5)
Total other comprehensive income (loss)	1	1	(14)	(6)
Comprehensive income	$ 605	$ 205	$ 1,674	$ 972

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income		$ 1,688	$ 978
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes		(13)	100
Depreciation and amortization		152	246
Non-cash operating lease cost		48	49
Amortization of capitalized software development costs and intellectual property licenses	[1]	141	163
Share-based compensation expense	[2]	138	127
Other		39	9
Changes in operating assets and liabilities:
Accounts receivable, net		225	635
Software development and intellectual property licenses		(300)	(186)
Other assets		(206)	(48)
Deferred revenues		(322)	(809)
Accounts payable		(71)	22
Accrued expenses and other liabilities		(407)	(373)
Net cash provided by operating activities		1,112	913
Cash flows from investing activities:
Proceeds from maturities of available-for-sale investments		36	153
Purchases of available-for-sale investments		(158)	0
Capital expenditures		(56)	(79)
Other investing activities		0	5
Net cash provided by (used in) investing activities		(178)	79
Cash flows from financing activities:
Proceeds from issuance of common stock to employees		114	87
Tax payment related to net share settlements on restricted stock units		(41)	(55)
Dividends paid		(316)	(283)
Proceeds from issuance of debt, net of discounts		1,994	0
Repayment of long-term debt		(1,050)	0
Payment of financing costs		(20)	0
Premium payment for early redemption of notes		(28)	0
Net cash provided by (used in) financing activities		653	(251)
Effect of foreign exchange rate changes on cash and cash equivalents		32	(24)
Net increase in cash and cash equivalents and restricted cash		1,619	717
Cash and cash equivalents and restricted cash at beginning of period		5,798	4,229
Cash and cash equivalents and restricted cash at end of period		$ 7,417	$ 4,946
[1]	Excludes deferral and amortization of share-based compensation expense.
[2]	Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2018	$ 11,392		$ 0	$ (5,563)	$ 10,963	$ 6,593		$ (601)
Balance (in shares) at Dec. 31, 2018			1,192	429
Components of comprehensive income:
Net income	447					447
Other comprehensive income (loss)	(1)							(1)
Issuance of common stock pursuant to employee stock options	30				30
Issuance of common stock pursuant to employee stock options (in shares)			2
Issuance of common stock pursuant to restricted stock units	0
Issuance of common stock pursuant to restricted stock units (in shares)			2
Restricted stock surrendered for employees’ tax liability	(45)				(45)
Restricted stock surrendered for employees' tax liability (in shares)			(1)
Share-based compensation expense related to employee stock options and restricted stock units	56				56
Dividends ($0.41 and $0.37 per common share)	(283)					(283)
Ending balance at Mar. 31, 2019	11,596		$ 0	$ (5,563)	11,004	6,757		(602)
Balance (in shares) at Mar. 31, 2019			1,195	429
Beginning balance at Dec. 31, 2018	11,392		$ 0	$ (5,563)	10,963	6,593		(601)
Balance (in shares) at Dec. 31, 2018			1,192	429
Components of comprehensive income:
Net income	978
Other comprehensive income (loss)	(6)
Ending balance at Sep. 30, 2019	12,235		$ 0	$ (5,563)	11,116	7,289		(607)
Balance (in shares) at Sep. 30, 2019			1,197	429
Beginning balance at Mar. 31, 2019	11,596		$ 0	$ (5,563)	11,004	6,757		(602)
Balance (in shares) at Mar. 31, 2019			1,195	429
Components of comprehensive income:
Net income	328					328
Other comprehensive income (loss)	(6)							(6)
Issuance of common stock pursuant to employee stock options	28				28
Issuance of common stock pursuant to employee stock options (in shares)			1
Restricted stock surrendered for employees’ tax liability	(4)				(4)
Share-based compensation expense related to employee stock options and restricted stock units	35				35
Ending balance at Jun. 30, 2019	11,977		$ 0	$ (5,563)	11,063	7,085		(608)
Balance (in shares) at Jun. 30, 2019			1,196	429
Components of comprehensive income:
Net income	204					204
Other comprehensive income (loss)	1							1
Issuance of common stock pursuant to employee stock options	29				29
Issuance of common stock pursuant to employee stock options (in shares)			1
Restricted stock surrendered for employees’ tax liability	(8)				(8)
Share-based compensation expense related to employee stock options and restricted stock units	32				32
Ending balance at Sep. 30, 2019	12,235		$ 0	$ (5,563)	11,116	7,289		(607)
Balance (in shares) at Sep. 30, 2019			1,197	429
Beginning balance at Dec. 31, 2019	12,805	$ (3)	$ 0	$ (5,563)	11,174	7,813	$ (3)	(619)
Balance (in shares) at Dec. 31, 2019			1,197	429
Components of comprehensive income:
Net income	505					505
Other comprehensive income (loss)	(9)							(9)
Issuance of common stock pursuant to employee stock options	27				27
Issuance of common stock pursuant to employee stock options (in shares)			1
Issuance of common stock pursuant to restricted stock units	0
Issuance of common stock pursuant to restricted stock units (in shares)			1
Restricted stock surrendered for employees’ tax liability	(31)				(31)
Share-based compensation expense related to employee stock options and restricted stock units	43				43
Dividends ($0.41 and $0.37 per common share)	(316)					(316)
Ending balance at Mar. 31, 2020	13,021		$ 0	$ (5,563)	11,213	7,999		(628)
Balance (in shares) at Mar. 31, 2020			1,199	429
Beginning balance at Dec. 31, 2019	12,805	$ (3)	$ 0	$ (5,563)	11,174	7,813	$ (3)	(619)
Balance (in shares) at Dec. 31, 2019			1,197	429
Components of comprehensive income:
Net income	1,688
Other comprehensive income (loss)	(14)
Ending balance at Sep. 30, 2020	14,382		$ 0	$ (5,563)	11,395	9,183		(633)
Balance (in shares) at Sep. 30, 2020			1,201	429
Beginning balance at Mar. 31, 2020	13,021		$ 0	$ (5,563)	11,213	7,999		(628)
Balance (in shares) at Mar. 31, 2020			1,199	429
Components of comprehensive income:
Net income	580					580
Other comprehensive income (loss)	(6)							(6)
Issuance of common stock pursuant to employee stock options	44				44
Issuance of common stock pursuant to employee stock options (in shares)			1
Restricted stock surrendered for employees’ tax liability	(3)				(3)
Share-based compensation expense related to employee stock options and restricted stock units	46				46
Ending balance at Jun. 30, 2020	13,682		$ 0	$ (5,563)	11,300	8,579		(634)
Balance (in shares) at Jun. 30, 2020			1,200	429
Components of comprehensive income:
Net income	604					604
Other comprehensive income (loss)	1							1
Issuance of common stock pursuant to employee stock options	43				43
Issuance of common stock pursuant to employee stock options (in shares)			1
Restricted stock surrendered for employees’ tax liability	(6)				(6)
Share-based compensation expense related to employee stock options and restricted stock units	58				58
Ending balance at Sep. 30, 2020	$ 14,382		$ 0	$ (5,563)	$ 11,395	$ 9,183		$ (633)
Balance (in shares) at Sep. 30, 2020			1,201	429

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	Feb. 06, 2020	Feb. 12, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in dollars per share)	$ 0.41	$ 0.37	$ 0.41	$ 0.37

Description of Business and Bas

Description of Business and Basis of Consolidation and Presentation	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Consolidation and Presentation	Description of Business and Basis of Consolidation and Presentation Activision Blizzard, Inc. is a leading global developer and publisher of interactive entertainment content and services. We develop and distribute content and services on video game consoles, personal computers (“PC”s), and mobile devices. We also operate esports leagues and offer digital advertising within our content. The terms “Activision Blizzard,” the “Company,” “we,” “us,” and “our” are used to refer collectively to Activision Blizzard, Inc. and its subsidiaries. The Company was originally incorporated in California in 1979 and was reincorporated in Delaware in December 1992. In connection with the 2008 business combination by and among the Company (then known as Activision, Inc.), Vivendi S.A, and Vivendi Games, Inc., pursuant to which we acquired Blizzard Entertainment, Inc. (“Blizzard”), we were renamed Activision Blizzard, Inc. On February 23, 2016, we acquired King Digital Entertainment plc ("King") by purchasing all of its outstanding shares. Our Segments Based upon our organizational structure, we conduct our business through three reportable segments, as follows: (i) Activision Publishing, Inc. Activision Publishing, Inc. (“Activision”) is a leading global developer and publisher of interactive software products and entertainment content, particularly for the console platform. Activision primarily delivers content through retail and digital channels, including full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products. Activision develops, markets, and sells products primarily based on our internally developed intellectual properties. Activision also includes the activities of the Call of Duty League TM , a global professional esports league with city-based teams. Activision’s key product franchise is Call of Duty ® , a first-person action title for the console, PC, and mobile platforms. (ii) Blizzard Entertainment, Inc. Blizzard is a leading global developer and publisher of interactive software products and entertainment content, particularly for the PC platform. Blizzard primarily delivers content through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Blizzard products. Blizzard also maintains a proprietary online gaming service, Blizzard Battle.net ® , which facilitates digital distribution of Blizzard content and selected Activision content, online social connectivity, and the creation of user-generated content. Blizzard also includes the activities of the Overwatch League TM , a global professional esports league with city-based teams. Blizzard’s key product franchises include: World of Warcraft ® , a subscription-based massive multi-player online role-playing game for the PC platform; Diablo ® , an action role-playing franchise for the PC and console platforms; Hearthstone ® , an online collectible card franchise for the PC and mobile platforms; and Overwatch ® , a team-based first-person action title for the PC and console platforms. (iii) King Digital Entertainment King is a leading global developer and publisher of interactive entertainment content and services, primarily for the mobile platform. King also distributes its content and services on the PC platform, primarily via Facebook. King’s games are free to play; however, players can acquire in-game items, either with virtual currency or real currency, and we continue to focus on in-game advertising as a growing source of additional revenue. King’s key product franchise is Candy Crush™, which features “match three” games for the mobile and PC platforms. Other We also engage in other businesses that do not represent reportable segments, including the Activision Blizzard Distribution (“Distribution”) business, which consists of operations in Europe that provide warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, our own publishing operations, and manufacturers of interactive entertainment hardware. Basis of Consolidation and Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by U.S. GAAP have been condensed or omitted if they substantially duplicate the disclosures contained in our annual audited consolidated financial statements. Additionally, the year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Generally, making these estimates and developing our assumptions requires consideration of forecasted information, which, in context of the COVID-19 pandemic, involves additional uncertainty. While there was no material impact to our estimates in the current period, in future periods, facts and circumstances (including, without limitation, the impact of the ongoing global COVID-19 pandemic) could change and impact our estimates. Additionally, actual results could differ from these estimates and assumptions. In the opinion of management, all adjustments considered necessary for the fair statement of our financial position and results of operations in accordance with U.S. GAAP (consisting of normal recurring adjustments) have been included in the accompanying unaudited condensed consolidated financial statements. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to prior-year amounts to conform to the current period presentation.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements Cloud Computing Arrangements In August 2018, the Financial Accounting Standards Board (“FASB”) issued new guidance related to a customer’s accounting for implementation costs incurred in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract. The new guidance requires customers to capitalize implementation costs for these arrangements by applying the same criteria that are utilized for existing internal-use software guidance. The capitalized costs are required to be amortized over the associated term of the arrangement, generally on a straight-line basis, with amortization of these costs presented in the same financial statement line item as other costs associated with the arrangement. We adopted the new standard under a prospective approach during the first quarter of 2020 and it did not have a material impact on our condensed consolidated financial statements. Goodwill In January 2017, the FASB issued new guidance that eliminates Step 2 from the goodwill impairment test. Instead, if an entity forgoes a Step 0 test, that entity will be required to perform its annual or interim goodwill impairment test by (1) comparing the fair value of a reporting unit, as determined in Step 1 from the goodwill impairment test, with its carrying amount and (2) recognizing an impairment charge, if any, for the amount by which the carrying amount exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill allocated to the reporting unit. We adopted the new standard under a prospective approach during the first quarter of 2020 and it did not have a material impact on our condensed consolidated financial statements. Financial Instruments - Credit Losses In June 2016, the FASB issued new guidance related to accounting for credit losses on financial instruments. The update replaces the existing incurred loss impairment model with a methodology that reflects a current expected credit losses model which requires the use of historical and forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will generally result in earlier recognition of credit losses. We adopted the new standard under a modified retrospective basis, with the cumulative effect of adoption recorded as an adjustment to retained earnings during the first quarter of 2020. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted Simplifying the Accounting for Income Taxes In December 2019, the FASB issued new guidance which is intended to simplify various aspects of accounting for income taxes by removing certain exceptions to the general principles in Topic 740 f or recognizing deferred taxes for investments, performing an intraperiod allocation and calculating income taxes in interim periods . The amendment also clarifies and amends certain areas of existing guidance to reduce complexity and improve consistency in the application of Topic 740. The new standard is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period for which financial statements have not yet been issued. Generally, the topics must be applied prospectively upon adoption, with the exception of certain topics which are required to be applied on a retrospective or modified retrospective basis. We are evaluating the impact, if any, of adopting this new accounting guidance on our financial statements.

Software Development and Intell

Software Development and Intellectual Property Licenses	9 Months Ended
	Sep. 30, 2020
Software Development Costs and Intellectual Property Licenses
Software Development and Intellectual Property Licenses	Software Development and Intellectual Property Licenses The following table summarizes the components of our capitalized software development costs (amounts in millions): At September 30, 2020 At December 31, 2019 Internally-developed software costs $ 510 $ 345 Payments made to third-party software developers 33 31 Total software development costs $ 543 $ 376 As of both September 30, 2020 and December 31, 2019, capitalized intellectual property licenses were not material. Amortization of capitalized software development costs and intellectual property licenses was as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Amortization of capitalized software development costs and intellectual property licenses $ 37 $ 11 $ 149 $ 175

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 30, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Net	Intangible Assets, Net Intangible assets, net, consist of the following (amounts in millions): At September 30, 2020 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,139) $ 15 Developed software 2 - 5 years 601 (600) 1 Trade names 7 years 54 (36) 18 Other 1 - 10 years 19 (17) 2 Total definite-lived intangible assets $ 1,828 $ (1,792) $ 36 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 469 At December 31, 2019 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,105) $ 49 Developed software 2 - 5 years 601 (579) 22 Trade names 7 - 10 years 54 (30) 24 Other 1 - 15 years 19 (16) 3 Total definite-lived intangible assets $ 1,828 $ (1,730) $ 98 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 531 Amortization expense of our intangible assets was $16 million and $62 million for the three and nine months ended September 30, 2020, respectively. Amortization expense of our intangible assets was $50 million and $152 million for the three and nine months ended September 30, 2019, respectively. At September 30, 2020, future amortization of definite-lived intangible assets is estimated as follows (amounts in millions): For the years ending December 31, 2020 (remaining three months) $ 17 2021 10 2022 7 2023 1 2024 — Thereafter 1 Total $ 36

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The carrying amount of goodwill by reportable segment at both September 30, 2020 and December 31, 2019 was as follows (amounts in millions): Activision Blizzard King Total Goodwill $ 6,898 $ 190 $ 2,676 $ 9,764

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The FASB literature regarding fair value measurements for certain assets and liabilities establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of “observable inputs” and minimize the use of “unobservable inputs.” The three levels of inputs used to measure fair value are as follows: • Level 1—Quoted prices in active markets for identical assets or liabilities; • Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets or other inputs that are observable or can be corroborated by observable market data; and • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs. Fair Value Measurements on a Recurring Basis The table below segregates all of our financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date (amounts in millions): Fair Value Measurements at September 30, 2020 Using As of September 30, 2020 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Classification Financial Assets: Recurring fair value measurements: Money market funds $ 7,121 $ 7,121 $ — $ — Cash and cash equivalents Foreign government treasury bills 33 33 — — Cash and cash equivalents U.S. treasuries and government agency securities 187 187 — — Other current assets Total recurring fair value measurements $ 7,341 $ 7,341 $ — $ — Financial Liabilities: Foreign currency forward contracts not designated as hedges $ (1) $ — $ (1) $ — Accrued expenses and other liabilities Foreign currency forward contracts designated as hedges $ (18) $ — $ (18) $ — Accrued expenses and other liabilities Fair Value Measurements at December 31, 2019 Using As of December 31, 2019 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Classification Financial Assets: Recurring fair value measurements: Money market funds $ 5,320 $ 5,320 $ — $ — Cash and cash equivalents Foreign government treasury bills 37 37 — — Cash and cash equivalents U.S. treasuries and government agency securities 65 65 — — Other current assets Total recurring fair value measurements $ 5,422 $ 5,422 $ — $ — Financial Liabilities: Foreign currency forward contracts not designated as hedges $ (2) $ — $ (2) $ — Accrued expenses and other liabilities Foreign currency forward contracts designated as hedges $ (2) $ — $ (2) $ — Accrued expenses and other liabilities Foreign Currency Forward Contracts Foreign Currency Forward Contracts Designated as Hedges (“Cash Flow Hedges”) The total gross notional amounts and fair values of our Cash Flow Hedges, all of which have remaining maturities of 13 months or less as of September 30, 2020, are as follows (amounts in millions): As of September 30, 2020 As of December 31, 2019 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell Euro $ 608 $ (18) $ 350 $ (2) The amount of pre-tax net realized gains (losses) associated with our Cash Flow Hedges that were reclassified out of “Accumulated other comprehensive income (loss)” and into earnings was as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, Statement of Operations Classification 2020 2019 2020 2019 Cash Flow Hedges $ (5) $ 7 $ 7 $ 24 Net revenues Foreign Currency Forward Contracts Not Designated as Hedges The gross notional amounts and fair values of our foreign currency forward contracts not designated as hedges are as follows (amounts in millions): As of September 30, 2020 As of December 31, 2019 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell GBP $ 61 $ (1) $ 25 $ (2) For the three and nine months ended September 30, 2020 and 2019, pre-tax net gains (losses) associated with these forward contracts were recorded in “General and administrative expenses” and were not material.

Deferred revenues

Deferred revenues	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Deferred revenues	Deferred revenues We record deferred revenues when cash payments are received or due in advance of the fulfillment of our associated performance obligations. The aggregate of the current and non-current balances of deferred revenues as of December 31, 2019 and September 30, 2020, were $1.4 billion and $1.1 billion, respectively. For the nine months ended September 30, 2020, the additions to our deferred revenues balance were primarily due to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenues balance were primarily due to the recognition of revenues upon fulfillment of our performance obligations, all of which were in the ordinary course of business. During the three and nine months ended September 30, 2020, $54 million and $1.3 billion of revenues, respectively, were recognized that were included in the deferred revenues balance at December 31, 2019. During the three and nine months ended September 30, 2019, $0.1 billion and $1.4 billion of revenues, respectively, were recognized that were included in the deferred revenues balance at December 31, 2018. As of September 30, 2020, the aggregate amount of contracted revenues allocated to our unsatisfied performance obligations was $1.9 billion, which included our deferred revenues balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $1.4 billion over the next 12 months, $0.4 billion in the subsequent 12-month period, and the remainder thereafter. This balance did not include an estimate for variable consideration arising from sales-based royalty license revenue in excess of the contractual minimum guarantee or any estimated amounts of variable consideration that are subject to constraint in accordance with the new revenue standard.

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt Credit Facilities As of September 30, 2020 and December 31, 2019, we had $1.5 billion available under a revolving credit facility (the “Revolver”) pursuant to a credit agreement entered into on October 11, 2013 (as amended thereafter and from time to time, the “Credit Agreement”). To date, we have not drawn on the Revolver and we were in compliance with the terms of the Credit Agreement as of September 30, 2020. Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2019 for further details regarding the Credit Agreement, its key terms, and previous amendments made to it. Unsecured Senior Notes As of September 30, 2020 and December 31, 2019, we had $3.7 billion and $2.7 billion, respectively, of gross unsecured senior notes outstanding. A summary of our outstanding unsecured senior notes is as follows (amounts in millions): At September 30, 2020 At December 31, 2019 Unsecured Senior Notes Interest Rate Semi-Annual Interest Payments Due On Maturity Principal Fair Value Principal Fair Value 2021 Notes 2.30% Mar. 15 & Sept. 15 Sept. 2021 $ — — $ 650 $ 653 2022 Notes 2.60% Jun. 15 & Dec. 15 Jun. 2022 — — 400 405 2026 Notes 3.40% Mar. 15 & Sept. 15 Sept. 2026 850 968 850 893 2027 Notes 3.40% Jun. 15 & Dec. 15 Jun. 2027 400 453 400 417 2030 Notes 1.35% Mar. 15 & Sept. 15 Sept. 2030 500 488 — — 2047 Notes 4.50% Jun. 15 & Dec. 15 Jun. 2047 400 508 400 456 2050 Notes 2.50% Mar. 15 & Sept. 15 Sept. 2050 1,500 1,386 — — Total gross long-term debt $ 3,650 $ 2,700 Unamortized discount and deferred financing costs (46) (25) Total net carrying amount $ 3,604 $ 2,675 On August 5, 2020, we issued the 2030 Notes and 2050 Notes in a public underwritten offering, for an aggregate principal amount of $2.0 billion in new debt. In connection with the issuance, we incurred approximately $26 million of debt discount and financing costs that were capitalized and recorded within "Long-term debt, net" in our condensed consolidated balance sheet. On September 4, 2020, we redeemed all of our outstanding 2021 Notes and 2022 Notes at a redemption price equal to 100% of their respective principal amounts plus (1) a “make-whole” premium of $28 million and (2) accrued and unpaid interest to the redemption date. The redemption of the 2021 Notes and 2022 Notes resulted in a “Loss on extinguishment of debt” recorded in the condensed consolidated statement of operations of $31 million. We may redeem some or all of the 2030 Notes and 2050 Notes, in whole or in part, at any time on or after June 15, 2030 and March 15, 2050, respectively, in each case at 100% of the aggregate principal amount thereof plus accrued and unpaid interest. In addition, we may redeem some or all of the 2030 Notes and the 2050 Notes prior to June 15, 2030 and March 15, 2050, respectively, in each case at a price equal to 100% of the aggregate principal amount thereof plus a “make-whole” premium and accrued and unpaid interest. The other terms and covenants associated with the 2030 Notes and the 2050 Notes are generally consistent with those associated with the 2026 Notes, 2027 Notes and 2047 Notes. We were in compliance with the terms of the notes outstanding as of September 30, 2020. As of September 30, 2020, we have no contractual principal repayments of our long-term debt within the next five years. Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2019 for further details regarding key terms under our indentures that govern the 2026 Notes, 2027 Notes and 2047 Notes.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows (amounts in millions): For the Nine Months Ended September 30, 2020 Foreign currency translation adjustments Unrealized gain (loss) on forward contracts Unrealized gain (loss) on available-for-sale securities Total Balance at December 31, 2019 $ (624) $ 8 $ (3) $ (619) Other comprehensive income (loss) before reclassifications 13 (19) — (6) Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2) (7) 1 (8) Balance at September 30, 2020 $ (613) $ (18) $ (2) $ (633) For the Nine Months Ended September 30, 2019 Foreign currency translation adjustments Unrealized gain (loss) on forward contracts Unrealized gain (loss) on available-for-sale securities Total Balance at December 31, 2018 $ (629) $ 23 $ 5 $ (601) Other comprehensive income (loss) before reclassifications (5) 28 3 26 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (24) (8) (32) Balance at September 30, 2019 $ (634) $ 27 $ — $ (607)

Operating Segments and Geograph

Operating Segments and Geographic Region	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Operating Segments and Geographic Region	Operating Segments and Geographic Region We have three reportable segments—Activision, Blizzard, and King. Our operating segments are consistent with the manner in which our operations are reviewed and managed by our Chief Executive Officer, who is our chief operating decision maker (“CODM”). The CODM reviews segment performance exclusive of: the impact of the change in deferred revenues and related cost of revenues with respect to certain of our online-enabled games; share-based compensation expense; amortization of intangible assets as a result of purchase price accounting; fees and other expenses (including legal fees, expenses, and accruals) related to acquisitions, associated integration activities, and financings; certain restructuring and related costs; and certain other non-cash charges. The CODM does not review any information regarding total assets on an operating segment basis, and accordingly, no disclosure is made with respect thereto. Our operating segments are also consistent with our internal organizational structure, the way we assess operating performance and allocate resources, and the availability of separate financial information. We do not aggregate operating segments. Information on reportable segment net revenues and operating income for the three months ended September 30, 2020 and 2019, are presented below (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 773 $ 393 $ 536 $ 1,702 Intersegment net revenues (1) — 18 — 18 Segment net revenues $ 773 $ 411 $ 536 $ 1,720 Segment operating income $ 345 $ 133 $ 248 $ 726 Three Months Ended September 30, 2019 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 209 $ 392 $ 500 $ 1,101 Intersegment net revenues (1) — 2 — 2 Segment net revenues $ 209 $ 394 $ 500 $ 1,103 Segment operating income $ 26 $ 74 $ 194 $ 294 Information on reportable segment net revenues and operating income for the nine months ended September 30, 2020 and 2019, are presented below (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 2,285 $ 1,264 $ 1,587 $ 5,136 Intersegment net revenues (1) — 62 — 62 Segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 5,198 Segment operating income $ 1,088 $ 533 $ 615 $ 2,236 Nine Months Ended September 30, 2019 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 794 $ 1,113 $ 1,527 $ 3,434 Intersegment net revenues (1) — 9 — 9 Segment net revenues $ 794 $ 1,122 $ 1,527 $ 3,443 Segment operating income $ 153 $ 204 $ 543 $ 900 (1) Intersegment revenues reflect licensing and service fees charged between segments. Reconciliations of total segment net revenues and total segment operating income to consolidated net revenues and consolidated income before income tax expense are presented in the table below (amounts in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Reconciliation to consolidated net revenues: Segment net revenues $ 1,720 $ 1,103 $ 5,198 $ 3,443 Revenues from non-reportable segments (1) 65 113 232 245 Net effect from recognition (deferral) of deferred net revenues (2) 187 68 306 824 Elimination of intersegment revenues (3) (18) (2) (62) (9) Consolidated net revenues $ 1,954 $ 1,282 $ 5,674 $ 4,503 Reconciliation to consolidated income before income tax expense: Segment operating income $ 726 $ 294 $ 2,236 $ 900 Operating income (loss) from non-reportable segments (1) (20) 5 (27) 10 Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2) 150 53 169 629 Share-based compensation expense (53) (27) (138) (127) Amortization of intangible assets (16) (50) (62) (151) Restructuring and related costs (4) (9) (28) (39) (108) Consolidated operating income 778 247 2,139 1,153 Interest and other expense (income), net 25 (2) 55 (33) Loss on extinguishment of debt 31 — 31 — Consolidated income before income tax expense $ 722 $ 249 $ 2,053 $ 1,186 (1) Includes other income and expenses from operating segments managed outside the reportable segments, including our Distribution business. Also includes unallocated corporate income and expenses. (2) Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products. (3) Intersegment revenues reflect licensing and service fees charged between segments. (4) Reflects restructuring initiatives, which include severance and other restructuring-related costs. Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 826 $ 405 $ 540 $ — $ (18) $ 1,753 Retail channels 110 7 — — — 117 Other (2) 8 11 — 65 — 84 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Digital online channels (1) $ (130) $ (14) $ (4) $ — $ — $ (148) Retail channels (41) 2 — — — (39) Other (2) — — — — — — Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Digital online channels (1) $ 696 $ 391 $ 536 $ — $ (18) $ 1,605 Retail channels 69 9 — — — 78 Other (2) 8 11 — 65 — 84 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 179 $ 335 $ 502 $ — $ (2) $ 1,014 Retail channels 73 20 — — — 93 Other (2) — 62 — 113 — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Digital online channels (1) $ (16) $ (21) $ (2) $ — $ — $ (39) Retail channels (27) (2) — — — (29) Other (2) — — — — — — Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Digital online channels (1) $ 163 $ 314 $ 500 $ — $ (2) $ 975 Retail channels 46 18 — — — 64 Other (2) — 62 — 113 — 175 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 2,054 $ 1,203 $ 1,587 $ — $ (62) $ 4,782 Retail channels 485 23 1 — — 509 Other (2) 55 87 — 241 — 383 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Digital online channels (1) $ (16) $ 16 $ (1) $ — $ — $ (1) Retail channels (293) (2) — — — (295) Other (2) — (1) — (9) — (10) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Digital online channels (1) $ 2,038 $ 1,219 $ 1,586 $ — $ (62) $ 4,781 Retail channels 192 21 1 — — 214 Other (2) 55 86 — 232 — 373 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 894 $ 1,081 $ 1,527 $ — $ (9) $ 3,493 Retail channels 548 51 — — — 599 Other (2) — 157 — 254 — 411 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Digital online channels (1) $ (285) $ (159) $ — $ — $ — $ (444) Retail channels (363) (10) — — — (373) Other (2) — 2 — (9) — (7) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Digital online channels (1) $ 609 $ 922 $ 1,527 $ — $ (9) $ 3,049 Retail channels 185 41 — — — 226 Other (2) — 159 — 245 — 404 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) Net revenues from “Digital online channels” include revenues from digitally-distributed subscriptions, downloadable content, microtransactions, and products, as well as licensing royalties. (2) Net revenues from “Other” include revenues from our Distribution business, the Overwatch League, and the Call of Duty League. (3) Intersegment revenues reflect licensing and service fees charged between segments. Geographic information presented below is based on the location of the paying customer. Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 595 $ 192 $ 350 $ — $ (10) $ 1,127 EMEA (1) 263 131 136 65 (6) 589 Asia Pacific 86 100 54 — (2) 238 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Americas $ (77) $ (4) $ (4) $ — $ (1) $ (86) EMEA (1) (68) (8) — — 1 (75) Asia Pacific (26) — — — — (26) Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Americas $ 518 $ 188 $ 346 $ — $ (11) $ 1,041 EMEA (1) 195 123 136 65 (5) 514 Asia Pacific 60 100 54 — (2) 212 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 141 $ 204 $ 311 $ — $ (1) $ 655 EMEA (1) 79 124 137 113 (1) 452 Asia Pacific 32 89 54 — — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Americas $ (20) $ (11) $ (2) $ — $ — $ (33) EMEA (1) (16) (10) — — — (26) Asia Pacific (7) (2) — — — (9) Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Americas $ 121 $ 193 $ 309 $ — $ (1) $ 622 EMEA (1) 63 114 137 113 (1) 426 Asia Pacific 25 87 54 — — 166 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 1,615 $ 580 $ 1,024 $ — $ (31) $ 3,188 EMEA (1) 750 393 407 241 (21) 1,770 Asia Pacific 229 340 157 — (10) 716 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Americas $ (124) $ 18 $ — $ — $ — $ (106) EMEA (1) (146) (3) (1) (9) — (159) Asia Pacific (39) (2) — — — (41) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Americas $ 1,491 $ 598 $ 1,024 $ — $ (31) $ 3,082 EMEA (1) 604 390 406 232 (21) 1,611 Asia Pacific 190 338 157 — (10) 675 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 852 $ 613 $ 946 $ — $ (5) $ 2,406 EMEA (1) 457 400 417 254 (3) 1,525 Asia Pacific 133 276 164 — (1) 572 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Americas $ (390) $ (80) $ 1 $ — $ — $ (469) EMEA (1) (205) (71) — (9) — (285) Asia Pacific (53) (16) (1) — — (70) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Americas $ 462 $ 533 $ 947 $ — $ (5) $ 1,937 EMEA (1) 252 329 417 245 (3) 1,240 Asia Pacific 80 260 163 — (1) 502 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions. (2) Intersegment revenues reflect licensing and service fees charged between segments. The Company’s net revenues in the U.S. were 50% and 46% of consolidated net revenues for the three months ended September 30, 2020 and 2019, respectively. The Company’s net revenues in the United Kingdom (the “U.K.”) were 9% and 13% of consolidated net revenues for the three months ended September 30, 2020 and 2019, respectively. No other country’s net revenues exceeded 10% of consolidated net revenues for either the three months ended September 30, 2020 or 2019. The Company’s net revenues in the U.S. were 50% and 48% of consolidated net revenues for the nine months ended September 30, 2020 and 2019, respectively. The Company’s net revenues in the U.K. were 10% of consolidated net revenues for both the nine months ended September 30, 2020 and 2019. No other country’s net revenues exceeded 10% of consolidated net revenues for either the nine months ended September 30, 2020 or 2019. Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 664 $ 31 $ — $ — $ — $ 695 PC 152 357 23 — (18) 514 Mobile and ancillary (1) 120 24 517 — — 661 Other (2) 8 11 — 65 — 84 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Console $ (125) $ (4) $ — $ — $ — $ (129) PC (35) (9) (1) — — (45) Mobile and ancillary (1) (11) 1 (3) — — (13) Other (2) — — — — — — Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Console $ 539 $ 27 $ — $ — $ — $ 566 PC 117 348 22 — (18) 469 Mobile and ancillary (1) 109 25 514 — — 648 Other (2) 8 11 — 65 — 84 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 214 $ 27 $ — $ — $ — $ 241 PC 29 286 28 — (2) 341 Mobile and ancillary (1) 9 42 474 — — 525 Other (2) — 62 — 113 — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Console $ (36) $ (9) $ — $ — $ — $ (45) PC (7) (14) — — — (21) Mobile and ancillary (1) — — (2) — — (2) Other (2) — — — — — — Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Console $ 178 $ 18 $ — $ — $ — $ 196 PC 22 272 28 — (2) 320 Mobile and ancillary (1) 9 42 472 — — 523 Other (2) — 62 — 113 — 175 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,855 $ 89 $ — $ — $ — $ 1,944 PC 423 1,060 73 — (62) 1,494 Mobile and ancillary (1) 261 77 1,515 — — 1,853 Other (2) 55 87 — 241 — 383 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Console $ (295) $ (6) $ — $ — $ — $ (301) PC (50) 24 (1) — — (27) Mobile and ancillary (1) 36 (4) — — — 32 Other (2) — (1) — (9) — (10) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Console $ 1,560 $ 83 $ — $ — $ — $ 1,643 PC 373 1,084 72 — (62) 1,467 Mobile and ancillary (1) 297 73 1,515 — — 1,885 Other (2) 55 86 — 232 — 373 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,222 $ 102 $ — $ — $ — $ 1,324 PC 204 909 92 — (9) 1,196 Mobile and ancillary (1) 16 121 1,435 — — 1,572 Other (2) — 157 — 254 — 411 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Console $ (563) $ (26) $ — $ — $ — $ (589) PC (84) (133) (1) — — (218) Mobile and ancillary (1) (1) (10) 1 — — (10) Other (2) — 2 — (9) — (7) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Console $ 659 $ 76 $ — $ — $ — $ 735 PC 120 776 91 — (9) 978 Mobile and ancillary (1) 15 111 1,436 — — 1,562 Other (2) — 159 — 245 — 404 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) Net revenues from “Mobile and ancillary” include revenues from mobile devices, as well as non-platform specific game-related revenues, such as standalone sales of physical merchandise and accessories. (2) Net revenues from “Other” include revenues from our Distribution business, the Overwatch League, and the Call of Duty League. (3) Intersegment revenues reflect licensing and service fees charged between segments. Long-lived assets by geographic region were as follows (amounts in millions): At September 30, 2020 At December 31, 2019 Long-lived assets (1) by geographic region: Americas $ 269 $ 322 EMEA 174 142 Asia Pacific 16 21 Total long-lived assets by geographic region $ 459 $ 485 (1) The only long-lived assets that we classify by region are our long-term tangible fixed assets, which consist of property, plant, and equipment assets, and our lease right-of-use assets; all other long-term assets are not allocated by location.

Interest and Other Expense (Inc

Interest and Other Expense (Income), Net	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Interest and Other Expense (Income), Net	Interest and Other Expense (Income), Net Interest and other expense (income), net is comprised of the following (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Interest income $ (1) $ (20) $ (20) $ (61) Interest expense from debt and amortization of debt discount and deferred financing costs 27 23 72 68 Unrealized gain on equity investment (3) — (3) (38) Other expense (income), net 2 (5) 6 (2) Interest and other expense (income), net $ 25 $ (2) $ 55 $ (33)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We account for our provision for income taxes in accordance with ASC 740, Income Taxes , which requires an estimate of the annual effective tax rate for the full year to be applied to the interim period, taking into account year-to-date amounts and projected results for the full year. The provision for income taxes represents federal, foreign, state, and local income taxes. Our effective tax rate could be different from the statutory U.S. income tax rate due to: the effect of state and local income taxes; tax rates that apply to our foreign income (including U.S. tax on foreign income); research and development credits; and certain nondeductible expenses. Our effective tax rate could fluctuate significantly from quarter to quarter based on recurring and nonrecurring factors including, but not limited to: variations in the estimated and actual level of pre-tax income or loss by jurisdiction; changes in enacted tax laws and regulations, and interpretations thereof, including with respect to tax credits and state and local income taxes; developments in tax audits and other matters; recognition of excess tax benefits and tax deficiencies from share-based payments; and certain nondeductible expenses. Changes in judgment from the evaluation of new information resulting in the recognition, derecognition, or remeasurement of a tax position taken in a prior annual period are recognized separately in the quarter of the change. The income tax expense of $118 million for the three months ended September 30, 2020, reflects an effective tax rate of 16%, which is lower than the effective tax rate of 18% for the three months ended September 30, 2019. This decrease is primarily due to discrete tax benefits recognized in the current quarter for the remeasurement of deferred tax assets, partially offset by an increase in taxes on foreign earnings. The income tax expense of $365 million for the nine months ended September 30, 2020, reflects, an effective tax rate of 18%, which is comparable to effective tax rate of 18% for the nine months ended September 30, 2019. Discrete tax benefits recognized in the current year for the remeasurement of deferred tax assets were offset by an increase in taxes on foreign earnings. The effective tax rates of 16% and 18% for the three and nine months ended September 30, 2020, are lower than the U.S. statutory rate of 21% primarily due to discrete tax benefits recognized for the remeasurement of deferred tax assets and the recognition of excess tax benefits from share-based payments. During the quarter ended September 30, 2020, the U.S. Treasury Department issued tax regulations under various provisions of the 2017 Tax Cuts and Jobs Act, including the global intangible low-taxed income high tax exclusion. While these regulations did not result in a material impact to our financial statements in the current quarter, we will continue to assess their impact on future periods. Activision Blizzard’s tax years after 2008 remain open to examination by certain major taxing jurisdictions to which we are subject. The Internal Revenue Service is currently examining our federal tax returns for the 2012 through 2016 tax years. We also have several state and non-U.S. audits pending. In addition, King’s pre-acquisition tax returns remain open in various jurisdictions, primarily as a result of transfer pricing matters. We anticipate resolving King’s transfer pricing for both pre- and post-acquisition tax years through a collaborative multilateral process with the tax authorities in the relevant jurisdictions, which include the U.K. and Sweden. While the outcome of this process remains uncertain, it could result in an agreement that changes the allocation of profits and losses between these and other relevant jurisdictions or a failure to reach an agreement that results in unilateral adjustments to the amount and timing of taxable income in the jurisdictions in which King operates. In December 2018, we received a decision from the Swedish Tax Agency (“STA”) informing us of an audit assessment of a Swedish subsidiary of King for the 2016 tax year (“Initial Decision”). The Initial Decision described the basis for issuing a transfer pricing assessment of approximately 3.5kr billion (approximately $386 million), primarily concerning an alleged intercompany asset transfer. On June 17, 2019, we received a reassessment from the STA (the “Reassessment”) which changed the Initial Decision based on a revision of the transfer pricing approach reflected in King’s 2016 Swedish tax return and removal of the alleged intercompany asset transfer that was the basis of the Initial Decision. The STA also, at the same time, reassessed the 2017 tax year on the same transfer pricing basis as 2016. The transfer pricing approach reflected in the Reassessment for both 2016 and 2017 remains subject to further review by taxing authorities in other jurisdictions. In July 2019, the Company made a payment to the STA for the Reassessment for the 2016 and 2017 tax years, which did not result in a significant impact to our condensed consolidated financial statements. In December 2017, we received a Notice of Reassessment from the French Tax Authority (“FTA”) related to transfer pricing for intercompany transactions involving one of our French subsidiaries for the 2011 through 2013 tax years. The total assessment, including penalties and interest, was approximately €571 million (approximately $666 million). In December 2019, the Company reached a settlement with the FTA for the 2011 through 2018 tax years, resulting in the recognition of $54 million of tax expense in the period ended December 31, 2019, and a tax payment of €161 million (approximately $188 million), including interest and penalties, in January 2020. In addition, certain of our subsidiaries are under examination or investigation, or may be subject to examination or investigation, by tax authorities in various jurisdictions. These proceedings may lead to adjustments or proposed adjustments to our taxes or provisions for uncertain tax positions. Such proceedings may have a material adverse effect on the Company’s consolidated financial position, liquidity, or results of operations in the earlier of the period or periods in which the matters are resolved and in which appropriate tax provisions are taken into account in our financial statements. If we were to receive a materially adverse assessment from a taxing jurisdiction, we would plan to vigorously contest it and consider all of our options, including the pursuit of judicial remedies. We regularly assess the likelihood of adverse outcomes resulting from these examinations and monitor the progress of ongoing discussions with tax authorities in determining the appropriateness of our tax provisions. The final resolution of the Company’s global tax disputes is uncertain. There is significant judgment required in the analysis of disputes, including the probability determination and estimation of the potential exposure. Based on current information, in the opinion of the Company’s management, the ultimate resolution of these matters is not expected to have a material adverse effect on the Company’s consolidated financial position, liquidity or results of operations, except as noted above.

Computation of Basic_Diluted Ea

Computation of Basic/Diluted Earnings Per Common Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic/Diluted Earnings Per Common Share	Computation of Basic/Diluted Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Consolidated net income $ 604 $ 204 $ 1,688 $ 978 Denominator: Denominator for basic earnings per common share—weighted-average common shares outstanding 772 767 771 766 Effect of potential dilutive common shares under the treasury stock method—employee stock options and awards 7 4 6 4 Denominator for basic earnings per common share—weighted-average dilutive common shares outstanding 779 771 777 770 Basic earnings per common share $ 0.78 $ 0.27 $ 2.19 $ 1.28 Diluted earnings per common share $ 0.78 $ 0.26 $ 2.17 $ 1.27 The vesting of certain of our employee-related restricted stock units and options is contingent upon the satisfaction of pre-defined performance measures. The shares underlying these equity awards are included in the weighted-average dilutive common shares only if the performance measures are met as of the end of the reporting period. Additionally, potential common shares are not included in the denominator of the diluted earnings per common share calculation when the inclusion of such shares would be anti-dilutive. Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Restricted stock units and options with performance measures not yet met 3 4 2 3 Anti-dilutive employee stock options — 6 1 6

Capital Transactions

Capital Transactions	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Capital Transactions	Capital Transactions Repurchase Program On January 31, 2019, our Board of Directors authorized a stock repurchase program under which we are authorized to repurchase up to $1.5 billion of our common stock from February 14, 2019, until the earlier of February 13, 2021, and a determination by the Board of Directors to discontinue the repurchase program. As of September 30, 2020, we have not repurchased any shares under this program. Dividends On February 6, 2020, our Board of Directors declared a cash dividend of $0.41 per common share. On May 6, 2020, we made an aggregate cash dividend payment of $316 million to shareholders of record at the close of business on April 15, 2020. On February 12, 2019, our Board of Directors declared a cash dividend of $0.37 per common share. On May 9, 2019, we made an aggregate cash dividend payment of $283 million to shareholders of record at the close of business on March 28, 2019.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings We are party to routine claims, suits, investigations, audits, and other proceedings arising from the ordinary course of business, including with respect to intellectual property rights, contractual claims, labor and employment matters, regulatory matters, tax matters, unclaimed property matters, compliance matters, and collection matters. In the opinion of management, after consultation with legal counsel, such routine claims and lawsuits are not significant, and we do not expect them to have a material adverse effect on our business, financial condition, results of operations, or liquidity.

Description of Business and B_2

Description of Business and Basis of Consolidation and Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by U.S. GAAP have been condensed or omitted if they substantially duplicate the disclosures contained in our annual audited consolidated financial statements. Additionally, the year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Generally, making these estimates and developing our assumptions requires consideration of forecasted information, which, in context of the COVID-19 pandemic, involves additional uncertainty. While there was no material impact to our estimates in the current period, in future periods, facts and circumstances (including, without limitation, the impact of the ongoing global COVID-19 pandemic) could change and impact our estimates. Additionally, actual results could differ from these estimates and assumptions. In the opinion of management, all adjustments considered necessary for the fair statement of our financial position and results of operations in accordance with U.S. GAAP (consisting of normal recurring adjustments) have been included in the accompanying unaudited condensed consolidated financial statements. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to prior-year amounts to conform to the current period presentation.
Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Cloud Computing Arrangements In August 2018, the Financial Accounting Standards Board (“FASB”) issued new guidance related to a customer’s accounting for implementation costs incurred in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract. The new guidance requires customers to capitalize implementation costs for these arrangements by applying the same criteria that are utilized for existing internal-use software guidance. The capitalized costs are required to be amortized over the associated term of the arrangement, generally on a straight-line basis, with amortization of these costs presented in the same financial statement line item as other costs associated with the arrangement. We adopted the new standard under a prospective approach during the first quarter of 2020 and it did not have a material impact on our condensed consolidated financial statements. Goodwill In January 2017, the FASB issued new guidance that eliminates Step 2 from the goodwill impairment test. Instead, if an entity forgoes a Step 0 test, that entity will be required to perform its annual or interim goodwill impairment test by (1) comparing the fair value of a reporting unit, as determined in Step 1 from the goodwill impairment test, with its carrying amount and (2) recognizing an impairment charge, if any, for the amount by which the carrying amount exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill allocated to the reporting unit. We adopted the new standard under a prospective approach during the first quarter of 2020 and it did not have a material impact on our condensed consolidated financial statements. Financial Instruments - Credit Losses In June 2016, the FASB issued new guidance related to accounting for credit losses on financial instruments. The update replaces the existing incurred loss impairment model with a methodology that reflects a current expected credit losses model which requires the use of historical and forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will generally result in earlier recognition of credit losses. We adopted the new standard under a modified retrospective basis, with the cumulative effect of adoption recorded as an adjustment to retained earnings during the first quarter of 2020. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted Simplifying the Accounting for Income Taxes In December 2019, the FASB issued new guidance which is intended to simplify various aspects of accounting for income taxes by removing certain exceptions to the general principles in Topic 740 f or recognizing deferred taxes for investments, performing an intraperiod allocation and calculating income taxes in interim periods . The amendment also clarifies and amends certain areas of existing guidance to reduce complexity and improve consistency in the application of Topic 740. The new standard is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period for which financial statements have not yet been issued. Generally, the topics must be applied prospectively upon adoption, with the exception of certain topics which are required to be applied on a retrospective or modified retrospective basis. We are evaluating the impact, if any, of adopting this new accounting guidance on our financial statements.

Software Development and Inte_2

Software Development and Intellectual Property Licenses (Tables)	9 Months Ended
	Sep. 30, 2020
Software Development Costs and Intellectual Property Licenses
Summary of the components of capitalized software development	The following table summarizes the components of our capitalized software development costs (amounts in millions): At September 30, 2020 At December 31, 2019 Internally-developed software costs $ 510 $ 345 Payments made to third-party software developers 33 31 Total software development costs $ 543 $ 376
Amortization of capitalized software development costs and intellectual property licenses	Amortization of capitalized software development costs and intellectual property licenses was as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Amortization of capitalized software development costs and intellectual property licenses $ 37 $ 11 $ 149 $ 175

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of finite-lived intangible assets	Intangible assets, net, consist of the following (amounts in millions): At September 30, 2020 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,139) $ 15 Developed software 2 - 5 years 601 (600) 1 Trade names 7 years 54 (36) 18 Other 1 - 10 years 19 (17) 2 Total definite-lived intangible assets $ 1,828 $ (1,792) $ 36 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 469 At December 31, 2019 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,105) $ 49 Developed software 2 - 5 years 601 (579) 22 Trade names 7 - 10 years 54 (30) 24 Other 1 - 15 years 19 (16) 3 Total definite-lived intangible assets $ 1,828 $ (1,730) $ 98 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 531
Schedule of indefinite-lived intangible assets	Intangible assets, net, consist of the following (amounts in millions): At September 30, 2020 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,139) $ 15 Developed software 2 - 5 years 601 (600) 1 Trade names 7 years 54 (36) 18 Other 1 - 10 years 19 (17) 2 Total definite-lived intangible assets $ 1,828 $ (1,792) $ 36 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 469 At December 31, 2019 Estimated useful lives Gross carrying amount Accumulated amortization Net carrying amount Acquired definite-lived intangible assets: Internally-developed franchises 3 - 11 years $ 1,154 $ (1,105) $ 49 Developed software 2 - 5 years 601 (579) 22 Trade names 7 - 10 years 54 (30) 24 Other 1 - 15 years 19 (16) 3 Total definite-lived intangible assets $ 1,828 $ (1,730) $ 98 Acquired indefinite-lived intangible assets: Activision trademark Indefinite 386 Acquired trade names Indefinite 47 Total indefinite-lived intangible assets $ 433 Total intangible assets, net $ 531
Schedule of finite lived intangible assets, future amortization expense	At September 30, 2020, future amortization of definite-lived intangible assets is estimated as follows (amounts in millions): For the years ending December 31, 2020 (remaining three months) $ 17 2021 10 2022 7 2023 1 2024 — Thereafter 1 Total $ 36

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill by reportable segment at both September 30, 2020 and December 31, 2019 was as follows (amounts in millions): Activision Blizzard King Total Goodwill $ 6,898 $ 190 $ 2,676 $ 9,764

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair value, assets measured on a recurring and/or non-recurring basis	The table below segregates all of our financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date (amounts in millions): Fair Value Measurements at September 30, 2020 Using As of September 30, 2020 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Classification Financial Assets: Recurring fair value measurements: Money market funds $ 7,121 $ 7,121 $ — $ — Cash and cash equivalents Foreign government treasury bills 33 33 — — Cash and cash equivalents U.S. treasuries and government agency securities 187 187 — — Other current assets Total recurring fair value measurements $ 7,341 $ 7,341 $ — $ — Financial Liabilities: Foreign currency forward contracts not designated as hedges $ (1) $ — $ (1) $ — Accrued expenses and other liabilities Foreign currency forward contracts designated as hedges $ (18) $ — $ (18) $ — Accrued expenses and other liabilities Fair Value Measurements at December 31, 2019 Using As of December 31, 2019 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Classification Financial Assets: Recurring fair value measurements: Money market funds $ 5,320 $ 5,320 $ — $ — Cash and cash equivalents Foreign government treasury bills 37 37 — — Cash and cash equivalents U.S. treasuries and government agency securities 65 65 — — Other current assets Total recurring fair value measurements $ 5,422 $ 5,422 $ — $ — Financial Liabilities: Foreign currency forward contracts not designated as hedges $ (2) $ — $ (2) $ — Accrued expenses and other liabilities Foreign currency forward contracts designated as hedges $ (2) $ — $ (2) $ — Accrued expenses and other liabilities
Foreign currency forward contracts	The total gross notional amounts and fair values of our Cash Flow Hedges, all of which have remaining maturities of 13 months or less as of September 30, 2020, are as follows (amounts in millions): As of September 30, 2020 As of December 31, 2019 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell Euro $ 608 $ (18) $ 350 $ (2) The gross notional amounts and fair values of our foreign currency forward contracts not designated as hedges are as follows (amounts in millions): As of September 30, 2020 As of December 31, 2019 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell GBP $ 61 $ (1) $ 25 $ (2)
Net realized gains (losses) reclassified out of accumulated other comprehensive income (loss)	The amount of pre-tax net realized gains (losses) associated with our Cash Flow Hedges that were reclassified out of “Accumulated other comprehensive income (loss)” and into earnings was as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, Statement of Operations Classification 2020 2019 2020 2019 Cash Flow Hedges $ (5) $ 7 $ 7 $ 24 Net revenues

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of debt	A summary of our outstanding unsecured senior notes is as follows (amounts in millions): At September 30, 2020 At December 31, 2019 Unsecured Senior Notes Interest Rate Semi-Annual Interest Payments Due On Maturity Principal Fair Value Principal Fair Value 2021 Notes 2.30% Mar. 15 & Sept. 15 Sept. 2021 $ — — $ 650 $ 653 2022 Notes 2.60% Jun. 15 & Dec. 15 Jun. 2022 — — 400 405 2026 Notes 3.40% Mar. 15 & Sept. 15 Sept. 2026 850 968 850 893 2027 Notes 3.40% Jun. 15 & Dec. 15 Jun. 2027 400 453 400 417 2030 Notes 1.35% Mar. 15 & Sept. 15 Sept. 2030 500 488 — — 2047 Notes 4.50% Jun. 15 & Dec. 15 Jun. 2047 400 508 400 456 2050 Notes 2.50% Mar. 15 & Sept. 15 Sept. 2050 1,500 1,386 — — Total gross long-term debt $ 3,650 $ 2,700 Unamortized discount and deferred financing costs (46) (25) Total net carrying amount $ 3,604 $ 2,675

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive income (loss) were as follows (amounts in millions): For the Nine Months Ended September 30, 2020 Foreign currency translation adjustments Unrealized gain (loss) on forward contracts Unrealized gain (loss) on available-for-sale securities Total Balance at December 31, 2019 $ (624) $ 8 $ (3) $ (619) Other comprehensive income (loss) before reclassifications 13 (19) — (6) Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2) (7) 1 (8) Balance at September 30, 2020 $ (613) $ (18) $ (2) $ (633) For the Nine Months Ended September 30, 2019 Foreign currency translation adjustments Unrealized gain (loss) on forward contracts Unrealized gain (loss) on available-for-sale securities Total Balance at December 31, 2018 $ (629) $ 23 $ 5 $ (601) Other comprehensive income (loss) before reclassifications (5) 28 3 26 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (24) (8) (32) Balance at September 30, 2019 $ (634) $ 27 $ — $ (607)

Operating Segments and Geogra_2

Operating Segments and Geographic Region (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of operating segments and reconciliations of total net revenues and total segment operating income to consolidated net revenues from external customers and consolidated income before income tax expense	Information on reportable segment net revenues and operating income for the three months ended September 30, 2020 and 2019, are presented below (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 773 $ 393 $ 536 $ 1,702 Intersegment net revenues (1) — 18 — 18 Segment net revenues $ 773 $ 411 $ 536 $ 1,720 Segment operating income $ 345 $ 133 $ 248 $ 726 Three Months Ended September 30, 2019 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 209 $ 392 $ 500 $ 1,101 Intersegment net revenues (1) — 2 — 2 Segment net revenues $ 209 $ 394 $ 500 $ 1,103 Segment operating income $ 26 $ 74 $ 194 $ 294 Information on reportable segment net revenues and operating income for the nine months ended September 30, 2020 and 2019, are presented below (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 2,285 $ 1,264 $ 1,587 $ 5,136 Intersegment net revenues (1) — 62 — 62 Segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 5,198 Segment operating income $ 1,088 $ 533 $ 615 $ 2,236 Nine Months Ended September 30, 2019 Activision Blizzard King Total Segment Net Revenues Net revenues from external customers $ 794 $ 1,113 $ 1,527 $ 3,434 Intersegment net revenues (1) — 9 — 9 Segment net revenues $ 794 $ 1,122 $ 1,527 $ 3,443 Segment operating income $ 153 $ 204 $ 543 $ 900 (1) Intersegment revenues reflect licensing and service fees charged between segments. Reconciliations of total segment net revenues and total segment operating income to consolidated net revenues and consolidated income before income tax expense are presented in the table below (amounts in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Reconciliation to consolidated net revenues: Segment net revenues $ 1,720 $ 1,103 $ 5,198 $ 3,443 Revenues from non-reportable segments (1) 65 113 232 245 Net effect from recognition (deferral) of deferred net revenues (2) 187 68 306 824 Elimination of intersegment revenues (3) (18) (2) (62) (9) Consolidated net revenues $ 1,954 $ 1,282 $ 5,674 $ 4,503 Reconciliation to consolidated income before income tax expense: Segment operating income $ 726 $ 294 $ 2,236 $ 900 Operating income (loss) from non-reportable segments (1) (20) 5 (27) 10 Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2) 150 53 169 629 Share-based compensation expense (53) (27) (138) (127) Amortization of intangible assets (16) (50) (62) (151) Restructuring and related costs (4) (9) (28) (39) (108) Consolidated operating income 778 247 2,139 1,153 Interest and other expense (income), net 25 (2) 55 (33) Loss on extinguishment of debt 31 — 31 — Consolidated income before income tax expense $ 722 $ 249 $ 2,053 $ 1,186 (1) Includes other income and expenses from operating segments managed outside the reportable segments, including our Distribution business. Also includes unallocated corporate income and expenses. (2) Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products. (3) Intersegment revenues reflect licensing and service fees charged between segments. (4) Reflects restructuring initiatives, which include severance and other restructuring-related costs.
Schedule of net revenues by distribution channels	Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 826 $ 405 $ 540 $ — $ (18) $ 1,753 Retail channels 110 7 — — — 117 Other (2) 8 11 — 65 — 84 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Digital online channels (1) $ (130) $ (14) $ (4) $ — $ — $ (148) Retail channels (41) 2 — — — (39) Other (2) — — — — — — Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Digital online channels (1) $ 696 $ 391 $ 536 $ — $ (18) $ 1,605 Retail channels 69 9 — — — 78 Other (2) 8 11 — 65 — 84 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 179 $ 335 $ 502 $ — $ (2) $ 1,014 Retail channels 73 20 — — — 93 Other (2) — 62 — 113 — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Digital online channels (1) $ (16) $ (21) $ (2) $ — $ — $ (39) Retail channels (27) (2) — — — (29) Other (2) — — — — — — Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Digital online channels (1) $ 163 $ 314 $ 500 $ — $ (2) $ 975 Retail channels 46 18 — — — 64 Other (2) — 62 — 113 — 175 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 2,054 $ 1,203 $ 1,587 $ — $ (62) $ 4,782 Retail channels 485 23 1 — — 509 Other (2) 55 87 — 241 — 383 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Digital online channels (1) $ (16) $ 16 $ (1) $ — $ — $ (1) Retail channels (293) (2) — — — (295) Other (2) — (1) — (9) — (10) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Digital online channels (1) $ 2,038 $ 1,219 $ 1,586 $ — $ (62) $ 4,781 Retail channels 192 21 1 — — 214 Other (2) 55 86 — 232 — 373 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 894 $ 1,081 $ 1,527 $ — $ (9) $ 3,493 Retail channels 548 51 — — — 599 Other (2) — 157 — 254 — 411 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Digital online channels (1) $ (285) $ (159) $ — $ — $ — $ (444) Retail channels (363) (10) — — — (373) Other (2) — 2 — (9) — (7) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Digital online channels (1) $ 609 $ 922 $ 1,527 $ — $ (9) $ 3,049 Retail channels 185 41 — — — 226 Other (2) — 159 — 245 — 404 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) Net revenues from “Digital online channels” include revenues from digitally-distributed subscriptions, downloadable content, microtransactions, and products, as well as licensing royalties. (2) Net revenues from “Other” include revenues from our Distribution business, the Overwatch League, and the Call of Duty League. (3) Intersegment revenues reflect licensing and service fees charged between segments.
Schedule of net revenues by geographic region	Geographic information presented below is based on the location of the paying customer. Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 595 $ 192 $ 350 $ — $ (10) $ 1,127 EMEA (1) 263 131 136 65 (6) 589 Asia Pacific 86 100 54 — (2) 238 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Americas $ (77) $ (4) $ (4) $ — $ (1) $ (86) EMEA (1) (68) (8) — — 1 (75) Asia Pacific (26) — — — — (26) Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Americas $ 518 $ 188 $ 346 $ — $ (11) $ 1,041 EMEA (1) 195 123 136 65 (5) 514 Asia Pacific 60 100 54 — (2) 212 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 141 $ 204 $ 311 $ — $ (1) $ 655 EMEA (1) 79 124 137 113 (1) 452 Asia Pacific 32 89 54 — — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Americas $ (20) $ (11) $ (2) $ — $ — $ (33) EMEA (1) (16) (10) — — — (26) Asia Pacific (7) (2) — — — (9) Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Americas $ 121 $ 193 $ 309 $ — $ (1) $ 622 EMEA (1) 63 114 137 113 (1) 426 Asia Pacific 25 87 54 — — 166 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 1,615 $ 580 $ 1,024 $ — $ (31) $ 3,188 EMEA (1) 750 393 407 241 (21) 1,770 Asia Pacific 229 340 157 — (10) 716 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Americas $ (124) $ 18 $ — $ — $ — $ (106) EMEA (1) (146) (3) (1) (9) — (159) Asia Pacific (39) (2) — — — (41) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Americas $ 1,491 $ 598 $ 1,024 $ — $ (31) $ 3,082 EMEA (1) 604 390 406 232 (21) 1,611 Asia Pacific 190 338 157 — (10) 675 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 852 $ 613 $ 946 $ — $ (5) $ 2,406 EMEA (1) 457 400 417 254 (3) 1,525 Asia Pacific 133 276 164 — (1) 572 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Americas $ (390) $ (80) $ 1 $ — $ — $ (469) EMEA (1) (205) (71) — (9) — (285) Asia Pacific (53) (16) (1) — — (70) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Americas $ 462 $ 533 $ 947 $ — $ (5) $ 1,937 EMEA (1) 252 329 417 245 (3) 1,240 Asia Pacific 80 260 163 — (1) 502 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions. (2) Intersegment revenues reflect licensing and service fees charged between segments.
Schedule of net revenues by platform	Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2020 and 2019, were as follows (amounts in millions): Three Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 664 $ 31 $ — $ — $ — $ 695 PC 152 357 23 — (18) 514 Mobile and ancillary (1) 120 24 517 — — 661 Other (2) 8 11 — 65 — 84 Total consolidated net revenues $ 944 $ 423 $ 540 $ 65 $ (18) $ 1,954 Change in deferred revenues: Console $ (125) $ (4) $ — $ — $ — $ (129) PC (35) (9) (1) — — (45) Mobile and ancillary (1) (11) 1 (3) — — (13) Other (2) — — — — — — Total change in deferred revenues $ (171) $ (12) $ (4) $ — $ — $ (187) Segment net revenues: Console $ 539 $ 27 $ — $ — $ — $ 566 PC 117 348 22 — (18) 469 Mobile and ancillary (1) 109 25 514 — — 648 Other (2) 8 11 — 65 — 84 Total segment net revenues $ 773 $ 411 $ 536 $ 65 $ (18) $ 1,767 Three Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 214 $ 27 $ — $ — $ — $ 241 PC 29 286 28 — (2) 341 Mobile and ancillary (1) 9 42 474 — — 525 Other (2) — 62 — 113 — 175 Total consolidated net revenues $ 252 $ 417 $ 502 $ 113 $ (2) $ 1,282 Change in deferred revenues: Console $ (36) $ (9) $ — $ — $ — $ (45) PC (7) (14) — — — (21) Mobile and ancillary (1) — — (2) — — (2) Other (2) — — — — — — Total change in deferred revenues $ (43) $ (23) $ (2) $ — $ — $ (68) Segment net revenues: Console $ 178 $ 18 $ — $ — $ — $ 196 PC 22 272 28 — (2) 320 Mobile and ancillary (1) 9 42 472 — — 523 Other (2) — 62 — 113 — 175 Total segment net revenues $ 209 $ 394 $ 500 $ 113 $ (2) $ 1,214 Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2020 and 2019, were as follows (amounts in millions): Nine Months Ended September 30, 2020 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,855 $ 89 $ — $ — $ — $ 1,944 PC 423 1,060 73 — (62) 1,494 Mobile and ancillary (1) 261 77 1,515 — — 1,853 Other (2) 55 87 — 241 — 383 Total consolidated net revenues $ 2,594 $ 1,313 $ 1,588 $ 241 $ (62) $ 5,674 Change in deferred revenues: Console $ (295) $ (6) $ — $ — $ — $ (301) PC (50) 24 (1) — — (27) Mobile and ancillary (1) 36 (4) — — — 32 Other (2) — (1) — (9) — (10) Total change in deferred revenues $ (309) $ 13 $ (1) $ (9) $ — $ (306) Segment net revenues: Console $ 1,560 $ 83 $ — $ — $ — $ 1,643 PC 373 1,084 72 — (62) 1,467 Mobile and ancillary (1) 297 73 1,515 — — 1,885 Other (2) 55 86 — 232 — 373 Total segment net revenues $ 2,285 $ 1,326 $ 1,587 $ 232 $ (62) $ 5,368 Nine Months Ended September 30, 2019 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,222 $ 102 $ — $ — $ — $ 1,324 PC 204 909 92 — (9) 1,196 Mobile and ancillary (1) 16 121 1,435 — — 1,572 Other (2) — 157 — 254 — 411 Total consolidated net revenues $ 1,442 $ 1,289 $ 1,527 $ 254 $ (9) $ 4,503 Change in deferred revenues: Console $ (563) $ (26) $ — $ — $ — $ (589) PC (84) (133) (1) — — (218) Mobile and ancillary (1) (1) (10) 1 — — (10) Other (2) — 2 — (9) — (7) Total change in deferred revenues $ (648) $ (167) $ — $ (9) $ — $ (824) Segment net revenues: Console $ 659 $ 76 $ — $ — $ — $ 735 PC 120 776 91 — (9) 978 Mobile and ancillary (1) 15 111 1,436 — — 1,562 Other (2) — 159 — 245 — 404 Total segment net revenues $ 794 $ 1,122 $ 1,527 $ 245 $ (9) $ 3,679 (1) Net revenues from “Mobile and ancillary” include revenues from mobile devices, as well as non-platform specific game-related revenues, such as standalone sales of physical merchandise and accessories. (2) Net revenues from “Other” include revenues from our Distribution business, the Overwatch League, and the Call of Duty League. (3) Intersegment revenues reflect licensing and service fees charged between segments.
Long-lived assets by geographic region	Long-lived assets by geographic region were as follows (amounts in millions): At September 30, 2020 At December 31, 2019 Long-lived assets (1) by geographic region: Americas $ 269 $ 322 EMEA 174 142 Asia Pacific 16 21 Total long-lived assets by geographic region $ 459 $ 485 (1) The only long-lived assets that we classify by region are our long-term tangible fixed assets, which consist of property, plant, and equipment assets, and our lease right-of-use assets; all other long-term assets are not allocated by location.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Schedule of Accrued Restructuring Included in Accrued Expenses and Other Liabilities and Charges by Reportable Segment	The following table summarizes accrued restructuring and related costs included in “Accrued expenses and other liabilities” in our condensed consolidated balance sheet and the cumulative charges incurred (amounts in millions): Severance and employee-related costs Facilities and related costs Other costs Total Balance at December 31, 2019 $ 32 $ — $ 3 $ 35 Costs charged to expense 23 — — 23 Cash payments (6) — (2) (8) Balance at March 31, 2020 $ 49 $ — $ 1 $ 50 Costs charged to expense 3 — 1 4 Cash payments (3) — (2) (5) Balance at June 30, 2020 $ 49 $ — $ — $ 49 Costs charged to expense 6 3 — 9 Cash payments (7) — — (7) Non-cash charge adjustment (1) — (3) — (3) Balance at September 30, 2020 $ 48 $ — $ — $ 48 Cumulative charges incurred through September 30, 2020 $ 108 $ 32 $ 33 $ 173 (1) Adjustments relate to non-cash charges included in “Costs charged to expense” for the write-down of assets for our lease facilities that were vacated.
Schedule of Restructuring and Related Costs by Segment and Expected Pre-tax Restructuring Charges	Total restructuring and related costs by segment are (amounts in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Activision $ 1 $ 1 $ 5 $ 12 Blizzard 7 12 30 52 King 1 4 (1) 17 Other segments (1) — 7 2 23 Total $ 9 $ 24 $ 36 $ 104 (1) Includes charges related to operating segments managed outside the reportable segments, including our Distribution business. Also includes restructuring charges for our corporate and administrative functions. The total charges incurred through September 30, 2020 and total expected pre-tax restructuring charges related to the $190 million restructuring plan, by segment, inclusive of amounts already incurred, are presented below (amounts in millions): Total Charges Incurred Through September 30, 2020 Total Charges Expected as of September 30, 2020 Activision $ 24 $ 25 Blizzard 103 105 King 19 20 Other segments (1) 27 40 Total $ 173 $ 190 (1) Includes charges related to operating segments managed outside the reportable segments, including our Distribution business. Also includes restructuring charges for our corporate and administrative functions.

Interest and Other Expense (I_2

Interest and Other Expense (Income), Net (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Interest and other investment income (expense)	Interest and other expense (income), net is comprised of the following (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Interest income $ (1) $ (20) $ (20) $ (61) Interest expense from debt and amortization of debt discount and deferred financing costs 27 23 72 68 Unrealized gain on equity investment (3) — (3) (38) Other expense (income), net 2 (5) 6 (2) Interest and other expense (income), net $ 25 $ (2) $ 55 $ (33)

Computation of Basic_Diluted _2

Computation of Basic/Diluted Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of computation of earnings per share	The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Consolidated net income $ 604 $ 204 $ 1,688 $ 978 Denominator: Denominator for basic earnings per common share—weighted-average common shares outstanding 772 767 771 766 Effect of potential dilutive common shares under the treasury stock method—employee stock options and awards 7 4 6 4 Denominator for basic earnings per common share—weighted-average dilutive common shares outstanding 779 771 777 770 Basic earnings per common share $ 0.78 $ 0.27 $ 2.19 $ 1.28 Diluted earnings per common share $ 0.78 $ 0.26 $ 2.17 $ 1.27
Schedule of antidilutive securities excluded from computation of earnings per share	Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Restricted stock units and options with performance measures not yet met 3 4 2 3 Anti-dilutive employee stock options — 6 1 6

Description of Business and B_3

Description of Business and Basis of Consolidation and Presentation (Details)	9 Months Ended
	Sep. 30, 2020segment
Segment Reporting [Abstract]
Number of reportable segments	3

Software Development and Inte_3

Software Development and Intellectual Property Licenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Software development and intellectual property licenses:
Internally-developed software costs	$ 510		$ 510		$ 345
Payments made to third-party software developers	33		33		31
Total software development costs	543		543		$ 376
Amortization:
Amortization of capitalized software development costs and intellectual property licenses	$ 37	$ 11	$ 149	$ 175

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets
Gross carrying amount, definite-lived intangible assets	$ 1,828		$ 1,828		$ 1,828
Accumulated amortization, definite-lived intangible assets	(1,792)		(1,792)		(1,730)
Net carrying amount, definite-lived intangible assets	36		36		98
Indefinite Lived Intangible Assets
Net carrying amount, indefinite-lived intangible assets	433		433		433
Total intangible assets, net	469		469		531
Amortization Expense Disclosure
Amortization expense	16	$ 50	62	$ 152
Activision trademark
Indefinite Lived Intangible Assets
Net carrying amount, indefinite-lived intangible assets	386		386		386
Acquired trade names
Indefinite Lived Intangible Assets
Net carrying amount, indefinite-lived intangible assets	47		47		47
Internally-developed franchises
Finite-Lived Intangible Assets
Gross carrying amount, definite-lived intangible assets	1,154		1,154		1,154
Accumulated amortization, definite-lived intangible assets	(1,139)		(1,139)		(1,105)
Net carrying amount, definite-lived intangible assets	15		$ 15		$ 49
Internally-developed franchises | Minimum
Finite-Lived Intangible Assets
Estimated useful life			3 years		3 years
Internally-developed franchises | Maximum
Finite-Lived Intangible Assets
Estimated useful life			11 years		11 years
Developed software
Finite-Lived Intangible Assets
Gross carrying amount, definite-lived intangible assets	601		$ 601		$ 601
Accumulated amortization, definite-lived intangible assets	(600)		(600)		(579)
Net carrying amount, definite-lived intangible assets	1		$ 1		$ 22
Developed software | Minimum
Finite-Lived Intangible Assets
Estimated useful life			2 years		2 years
Developed software | Maximum
Finite-Lived Intangible Assets
Estimated useful life			5 years		5 years
Acquired trade names
Finite-Lived Intangible Assets
Estimated useful life			7 years
Gross carrying amount, definite-lived intangible assets	54		$ 54		$ 54
Accumulated amortization, definite-lived intangible assets	(36)		(36)		(30)
Net carrying amount, definite-lived intangible assets	18		18		$ 24
Acquired trade names | Minimum
Finite-Lived Intangible Assets
Estimated useful life					7 years
Acquired trade names | Maximum
Finite-Lived Intangible Assets
Estimated useful life					10 years
Other
Finite-Lived Intangible Assets
Gross carrying amount, definite-lived intangible assets	19		19		$ 19
Accumulated amortization, definite-lived intangible assets	(17)		(17)		(16)
Net carrying amount, definite-lived intangible assets	$ 2		$ 2		$ 3
Other | Minimum
Finite-Lived Intangible Assets
Estimated useful life			1 year		1 year
Other | Maximum
Finite-Lived Intangible Assets
Estimated useful life			10 years		15 years

Intangible Assets, Net - Sche_2

Intangible Assets, Net - Schedule of Future Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Definite-lived intangible assets, future amortization expense disclosure
2020 (remaining three months)	$ 17
2021	10
2022	7
2023	1
2024	0
Thereafter	1
Net carrying amount, definite-lived intangible assets	$ 36	$ 98

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill	$ 9,764	$ 9,764
Activision
Goodwill [Line Items]
Goodwill	6,898	6,898
Blizzard
Goodwill [Line Items]
Goodwill	190	190
King
Goodwill [Line Items]
Goodwill	$ 2,676	$ 2,676

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	$ 7,341	$ 5,422
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	7,341	5,422
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	7,121	5,320
Cash and cash equivalents | Foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	33	37
Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	7,121	5,320
Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	33	37
Cash and cash equivalents | Significant Other Observable Inputs (Level 2) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents | Significant Other Observable Inputs (Level 2) | Foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents | Significant Unobservable Inputs (Level 3) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents | Significant Unobservable Inputs (Level 3) | Foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	187	65
Other current assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	187	65
Other current assets | Significant Other Observable Inputs (Level 2) | U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | Significant Unobservable Inputs (Level 3) | U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value	0	0
Accrued expenses and other liabilities | Foreign currency forward contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	(1)	(2)
Accrued expenses and other liabilities | Foreign currency forward contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	(18)	(2)
Accrued expenses and other liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign currency forward contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	0	0
Accrued expenses and other liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign currency forward contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	0	0
Accrued expenses and other liabilities | Significant Other Observable Inputs (Level 2) | Foreign currency forward contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	(1)	(2)
Accrued expenses and other liabilities | Significant Other Observable Inputs (Level 2) | Foreign currency forward contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	(18)	(2)
Accrued expenses and other liabilities | Significant Unobservable Inputs (Level 3) | Foreign currency forward contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	0	0
Accrued expenses and other liabilities | Significant Unobservable Inputs (Level 3) | Foreign currency forward contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total liabilities at fair value	$ 0	$ 0

Fair Value Measurements - Forei

Fair Value Measurements - Foreign Currency Forward Contracts (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Net revenues	$ 1,954	$ 1,282	$ 5,674	$ 4,503
Buy USD, Sell Euro | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Notional amount	608		608		$ 350
Fair value gain (loss)	(18)		(18)		(2)
Foreign currency forward contracts | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income
Derivatives, Fair Value [Line Items]
Net revenues	(5)	$ 7	$ 7	$ 24
Foreign currency forward contracts | Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Contract maturity (or less)			13 months
Buy USD, Sell GBP | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amount	61		$ 61		25
Fair value gain (loss)	$ (1)		$ (1)		$ (2)

Deferred revenues (Details)

Deferred revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenues	$ 1,100		$ 1,100		$ 1,400
Revenue recognized included in beginning deferred revenue	$ 54	$ 100	$ 1,300	$ 1,400

Deferred revenues - Remaining P

Deferred revenues - Remaining Performance Obligation (Details) $ in Billions	Sep. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue	$ 1.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue	$ 1.4
Contracted not recognized revenue, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue	$ 0.4
Contracted not recognized revenue, period	1 year

Debt - Credit Facilities (Detai

Debt - Credit Facilities (Details) - Revolver - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,500	$ 1,500
Long-term line of credit	$ 0

Debt - Unsecured Senior Notes (

Debt - Unsecured Senior Notes (Details) - USD ($) $ in Millions	Sep. 04, 2020	Aug. 05, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Amount outstanding			$ 3,650		$ 3,650		$ 2,700
Amount of new debt raised					1,994	$ 0
Debt discount and financing costs			46		46		$ 25
Loss on extinguishment of debt			$ 31	$ 0	$ 31	$ 0
Unsecured Debt | Unsecured 2030 and 2050 Notes
Debt Instrument [Line Items]
Amount of new debt raised		$ 2,000
Debt discount and financing costs		$ 26
Unsecured Debt | Unsecured 2030 and 2050 Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price percentage					100.00%
Unsecured Debt | Unsecured 2030 and 2050 Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price percentage					100.00%
Unsecured Debt | Unsecured 2021 and 2022 Notes
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Make-whole premium	$ 28
Loss on extinguishment of debt	$ 31

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total gross long-term debt	$ 3,650	$ 2,700
Unamortized discount and deferred financing costs	(46)	(25)
Total net carrying amount	$ 3,604	$ 2,675
Unsecured Debt | Unsecured 2021 Notes
Debt Instrument [Line Items]
Interest rate		2.30%
Total gross long-term debt		$ 650
Unsecured Debt | Unsecured 2021 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)		$ 653
Unsecured Debt | Unsecured 2022 Notes
Debt Instrument [Line Items]
Interest rate		2.60%
Total gross long-term debt		$ 400
Unsecured Debt | Unsecured 2022 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)		$ 405
Unsecured Debt | Unsecured 2026 Notes
Debt Instrument [Line Items]
Interest rate	3.40%	3.40%
Total gross long-term debt	$ 850	$ 850
Unsecured Debt | Unsecured 2026 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 968	$ 893
Unsecured Debt | Unsecured 2027 Notes
Debt Instrument [Line Items]
Interest rate	3.40%	3.40%
Total gross long-term debt	$ 400	$ 400
Unsecured Debt | Unsecured 2027 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 453	$ 417
Unsecured Debt | Unsecured 2030 Notes
Debt Instrument [Line Items]
Interest rate	1.35%
Total gross long-term debt	$ 500
Unsecured Debt | Unsecured 2030 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 488
Unsecured Debt | Unsecured 2047 Notes
Debt Instrument [Line Items]
Interest rate	4.50%	4.50%
Total gross long-term debt	$ 400	$ 400
Unsecured Debt | Unsecured 2047 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 508	$ 456
Unsecured Debt | Unsecured 2050 Notes
Debt Instrument [Line Items]
Interest rate	2.50%
Total gross long-term debt	$ 1,500
Unsecured Debt | Unsecured 2050 Notes | Significant Other Observable Inputs (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 1,386

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 12,805	$ 11,392
Other comprehensive income (loss) before reclassifications	(6)	26
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(8)	(32)
Ending balance	14,382	12,235
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(624)	(629)
Other comprehensive income (loss) before reclassifications	13	(5)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(2)	0
Ending balance	(613)	(634)
Unrealized gain (loss) on forward contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	8	23
Other comprehensive income (loss) before reclassifications	(19)	28
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(7)	(24)
Ending balance	(18)	27
Unrealized gain (loss) on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3)	5
Other comprehensive income (loss) before reclassifications	0	3
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	1	(8)
Ending balance	(2)	0
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(619)	(601)
Ending balance	$ (633)	$ (607)

Operating Segments and Geogra_3

Operating Segments and Geographic Region (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Segment Reporting Information [Line Items]
Segment revenues	$ 1,767	$ 1,214	$ 5,368	$ 3,679
Operating income	778	247	2,139	1,153
Net effect from recognition (deferral) of deferred net revenues	(187)	(68)	(306)	(824)
Net revenues	1,954	1,282	5,674	4,503
Amortization of intangible assets	(16)	(50)	(62)	(152)
Restructuring costs	(9)	(24)	(39)	(104)
Interest and other expense (income), net (Note 12)	25	(2)	55	(33)
Loss on extinguishment of debt	31	0	31	0
Income before income tax expense	722	249	2,053	1,186
Long-lived assets	459		459		$ 485
Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	1,605	975	4,781	3,049
Net effect from recognition (deferral) of deferred net revenues	(148)	(39)	(1)	(444)
Net revenues	1,753	1,014	4,782	3,493
Retail channels
Segment Reporting Information [Line Items]
Segment revenues	78	64	214	226
Net effect from recognition (deferral) of deferred net revenues	(39)	(29)	(295)	(373)
Net revenues	117	93	509	599
Other
Segment Reporting Information [Line Items]
Segment revenues	84	175	373	404
Net effect from recognition (deferral) of deferred net revenues	0	0	(10)	(7)
Net revenues	84	175	383	411
Console
Segment Reporting Information [Line Items]
Segment revenues	566	196	1,643	735
Net effect from recognition (deferral) of deferred net revenues	(129)	(45)	(301)	(589)
Net revenues	695	241	1,944	1,324
PC
Segment Reporting Information [Line Items]
Segment revenues	469	320	1,467	978
Net effect from recognition (deferral) of deferred net revenues	(45)	(21)	(27)	(218)
Net revenues	514	341	1,494	1,196
Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	648	523	1,885	1,562
Net effect from recognition (deferral) of deferred net revenues	(13)	(2)	32	(10)
Net revenues	661	525	1,853	1,572
Other
Segment Reporting Information [Line Items]
Segment revenues	84	175	373	404
Net effect from recognition (deferral) of deferred net revenues	0	0	(10)	(7)
Net revenues	84	175	383	411
Americas
Segment Reporting Information [Line Items]
Segment revenues	1,041	622	3,082	1,937
Net effect from recognition (deferral) of deferred net revenues	(86)	(33)	(106)	(469)
Net revenues	1,127	$ 655	3,188	$ 2,406
Long-lived assets	$ 269		$ 269		322
US | Revenues | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Revenues as a percentage of consolidated net revenues	50.00%	46.00%	50.00%	48.00%
EMEA
Segment Reporting Information [Line Items]
Segment revenues	$ 514	$ 426	$ 1,611	$ 1,240
Net effect from recognition (deferral) of deferred net revenues	(75)	(26)	(159)	(285)
Net revenues	589	$ 452	1,770	$ 1,525
Long-lived assets	$ 174		$ 174		142
UK | Revenues | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Revenues as a percentage of consolidated net revenues	9.00%	13.00%	10.00%	10.00%
Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	$ 212	$ 166	$ 675	$ 502
Net effect from recognition (deferral) of deferred net revenues	(26)	(9)	(41)	(70)
Net revenues	238	175	716	572
Long-lived assets	16		16		$ 21
Reportable segments
Segment Reporting Information [Line Items]
Segment revenues	1,720	1,103	5,198	3,443
Operating income	726	294	2,236	900
Reportable segments | Net revenues from external customers
Segment Reporting Information [Line Items]
Segment revenues	1,702	1,101	5,136	3,434
Reportable segments | Intersegment net revenues
Segment Reporting Information [Line Items]
Segment revenues	18	2	62	9
Reportable segments | Activision
Segment Reporting Information [Line Items]
Segment revenues	773	209	2,285	794
Operating income	345	26	1,088	153
Net effect from recognition (deferral) of deferred net revenues	(171)	(43)	(309)	(648)
Net revenues	944	252	2,594	1,442
Reportable segments | Activision | Net revenues from external customers
Segment Reporting Information [Line Items]
Segment revenues	773	209	2,285	794
Reportable segments | Activision | Intersegment net revenues
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Reportable segments | Activision | Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	696	163	2,038	609
Net effect from recognition (deferral) of deferred net revenues	(130)	(16)	(16)	(285)
Net revenues	826	179	2,054	894
Reportable segments | Activision | Retail channels
Segment Reporting Information [Line Items]
Segment revenues	69	46	192	185
Net effect from recognition (deferral) of deferred net revenues	(41)	(27)	(293)	(363)
Net revenues	110	73	485	548
Reportable segments | Activision | Other
Segment Reporting Information [Line Items]
Segment revenues	8	0	55	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	8	0	55	0
Reportable segments | Activision | Console
Segment Reporting Information [Line Items]
Segment revenues	539	178	1,560	659
Net effect from recognition (deferral) of deferred net revenues	(125)	(36)	(295)	(563)
Net revenues	664	214	1,855	1,222
Reportable segments | Activision | PC
Segment Reporting Information [Line Items]
Segment revenues	117	22	373	120
Net effect from recognition (deferral) of deferred net revenues	(35)	(7)	(50)	(84)
Net revenues	152	29	423	204
Reportable segments | Activision | Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	109	9	297	15
Net effect from recognition (deferral) of deferred net revenues	(11)	0	36	(1)
Net revenues	120	9	261	16
Reportable segments | Activision | Other
Segment Reporting Information [Line Items]
Segment revenues	8	0	55	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	8	0	55	0
Reportable segments | Activision | Americas
Segment Reporting Information [Line Items]
Segment revenues	518	121	1,491	462
Net effect from recognition (deferral) of deferred net revenues	(77)	(20)	(124)	(390)
Net revenues	595	141	1,615	852
Reportable segments | Activision | EMEA
Segment Reporting Information [Line Items]
Segment revenues	195	63	604	252
Net effect from recognition (deferral) of deferred net revenues	(68)	(16)	(146)	(205)
Net revenues	263	79	750	457
Reportable segments | Activision | Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	60	25	190	80
Net effect from recognition (deferral) of deferred net revenues	(26)	(7)	(39)	(53)
Net revenues	86	32	229	133
Reportable segments | Blizzard
Segment Reporting Information [Line Items]
Segment revenues	411	394	1,326	1,122
Operating income	133	74	533	204
Net effect from recognition (deferral) of deferred net revenues	(12)	(23)	13	(167)
Net revenues	423	417	1,313	1,289
Reportable segments | Blizzard | Net revenues from external customers
Segment Reporting Information [Line Items]
Segment revenues	393	392	1,264	1,113
Reportable segments | Blizzard | Intersegment net revenues
Segment Reporting Information [Line Items]
Segment revenues	18	2	62	9
Reportable segments | Blizzard | Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	391	314	1,219	922
Net effect from recognition (deferral) of deferred net revenues	(14)	(21)	16	(159)
Net revenues	405	335	1,203	1,081
Reportable segments | Blizzard | Retail channels
Segment Reporting Information [Line Items]
Segment revenues	9	18	21	41
Net effect from recognition (deferral) of deferred net revenues	2	(2)	(2)	(10)
Net revenues	7	20	23	51
Reportable segments | Blizzard | Other
Segment Reporting Information [Line Items]
Segment revenues	11	62	86	159
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	2
Net revenues	11	62	87	157
Reportable segments | Blizzard | Console
Segment Reporting Information [Line Items]
Segment revenues	27	18	83	76
Net effect from recognition (deferral) of deferred net revenues	(4)	(9)	(6)	(26)
Net revenues	31	27	89	102
Reportable segments | Blizzard | PC
Segment Reporting Information [Line Items]
Segment revenues	348	272	1,084	776
Net effect from recognition (deferral) of deferred net revenues	(9)	(14)	24	(133)
Net revenues	357	286	1,060	909
Reportable segments | Blizzard | Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	25	42	73	111
Net effect from recognition (deferral) of deferred net revenues	1	0	(4)	(10)
Net revenues	24	42	77	121
Reportable segments | Blizzard | Other
Segment Reporting Information [Line Items]
Segment revenues	11	62	86	159
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	2
Net revenues	11	62	87	157
Reportable segments | Blizzard | Americas
Segment Reporting Information [Line Items]
Segment revenues	188	193	598	533
Net effect from recognition (deferral) of deferred net revenues	(4)	(11)	18	(80)
Net revenues	192	204	580	613
Reportable segments | Blizzard | EMEA
Segment Reporting Information [Line Items]
Segment revenues	123	114	390	329
Net effect from recognition (deferral) of deferred net revenues	(8)	(10)	(3)	(71)
Net revenues	131	124	393	400
Reportable segments | Blizzard | Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	100	87	338	260
Net effect from recognition (deferral) of deferred net revenues	0	(2)	(2)	(16)
Net revenues	100	89	340	276
Reportable segments | King
Segment Reporting Information [Line Items]
Segment revenues	536	500	1,587	1,527
Operating income	248	194	615	543
Net effect from recognition (deferral) of deferred net revenues	(4)	(2)	(1)	0
Net revenues	540	502	1,588	1,527
Reportable segments | King | Net revenues from external customers
Segment Reporting Information [Line Items]
Segment revenues	536	500	1,587	1,527
Reportable segments | King | Intersegment net revenues
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Reportable segments | King | Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	536	500	1,586	1,527
Net effect from recognition (deferral) of deferred net revenues	(4)	(2)	(1)	0
Net revenues	540	502	1,587	1,527
Reportable segments | King | Retail channels
Segment Reporting Information [Line Items]
Segment revenues	0	0	1	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	1	0
Reportable segments | King | Other
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Reportable segments | King | Console
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Reportable segments | King | PC
Segment Reporting Information [Line Items]
Segment revenues	22	28	72	91
Net effect from recognition (deferral) of deferred net revenues	(1)	0	(1)	(1)
Net revenues	23	28	73	92
Reportable segments | King | Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	514	472	1,515	1,436
Net effect from recognition (deferral) of deferred net revenues	(3)	(2)	0	1
Net revenues	517	474	1,515	1,435
Reportable segments | King | Other
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Reportable segments | King | Americas
Segment Reporting Information [Line Items]
Segment revenues	346	309	1,024	947
Net effect from recognition (deferral) of deferred net revenues	(4)	(2)	0	1
Net revenues	350	311	1,024	946
Reportable segments | King | EMEA
Segment Reporting Information [Line Items]
Segment revenues	136	137	406	417
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	0
Net revenues	136	137	407	417
Reportable segments | King | Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	54	54	157	163
Net effect from recognition (deferral) of deferred net revenues	0	0	0	(1)
Net revenues	54	54	157	164
Non-reportable segments
Segment Reporting Information [Line Items]
Segment revenues	65	113	232	245
Net effect from recognition (deferral) of deferred net revenues	0	0	(9)	(9)
Net revenues	65	113	241	254
Non-reportable segments | Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | Retail channels
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | Other
Segment Reporting Information [Line Items]
Segment revenues	65	113	232	245
Net effect from recognition (deferral) of deferred net revenues	0	0	(9)	(9)
Net revenues	65	113	241	254
Non-reportable segments | Console
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | PC
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | Other
Segment Reporting Information [Line Items]
Segment revenues	65	113	232	245
Net effect from recognition (deferral) of deferred net revenues	0	0	(9)	(9)
Net revenues	65	113	241	254
Non-reportable segments | Americas
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Non-reportable segments | EMEA
Segment Reporting Information [Line Items]
Segment revenues	65	113	232	245
Net effect from recognition (deferral) of deferred net revenues	0	0	(9)	(9)
Net revenues	65	113	241	254
Non-reportable segments | Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Segment revenues	(18)	(2)	(62)	(9)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	(18)	(2)	(62)	(9)
Elimination of intersegment revenues | Digital online channels
Segment Reporting Information [Line Items]
Segment revenues	(18)	(2)	(62)	(9)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	(18)	(2)	(62)	(9)
Elimination of intersegment revenues | Retail channels
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues | Other
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues | Console
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues | PC
Segment Reporting Information [Line Items]
Segment revenues	(18)	(2)	(62)	(9)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	(18)	(2)	(62)	(9)
Elimination of intersegment revenues | Mobile and ancillary
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues | Other
Segment Reporting Information [Line Items]
Segment revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	0	0	0	0
Elimination of intersegment revenues | Americas
Segment Reporting Information [Line Items]
Segment revenues	(11)	(1)	(31)	(5)
Net effect from recognition (deferral) of deferred net revenues	(1)	0	0	0
Net revenues	(10)	(1)	(31)	(5)
Elimination of intersegment revenues | EMEA
Segment Reporting Information [Line Items]
Segment revenues	(5)	(1)	(21)	(3)
Net effect from recognition (deferral) of deferred net revenues	1	0	0	0
Net revenues	(6)	(1)	(21)	(3)
Elimination of intersegment revenues | Asia Pacific
Segment Reporting Information [Line Items]
Segment revenues	(2)	0	(10)	(1)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Net revenues	(2)	0	(10)	(1)
Reconciling items
Segment Reporting Information [Line Items]
Net effect from recognition (deferral) of deferred net revenues	187	68	306	824
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues	150	53	169	629
Share-based compensation expense	(53)	(27)	(138)	(127)
Amortization of intangible assets	(16)	(50)	(62)	(151)
Restructuring costs	(9)	(28)	(39)	(108)
Reconciling items | Other segments
Segment Reporting Information [Line Items]
Operating income	$ (20)	$ 5	$ (27)	$ 10

Restructuring - Schedule of Acc

Restructuring - Schedule of Accrued Restructuring Included in Accrued Expenses and Other Liabilities by Cost Type (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended		21 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020
Restructuring Reserve [Roll Forward]
Costs charged to expense	$ 9			$ 24	$ 39	$ 104
Costs charged to expense	9			24	39	104
2019 Restructuring
Restructuring Reserve [Roll Forward]
Balance, beginning	49	$ 50	$ 35		35
Costs charged to expense	9	4	23	24	36	104	$ 173
Cash payments	(7)	(5)	(8)
Non-cash charge adjustment	(3)
Balance, ending	48	49	50		48		48
Costs charged to expense	9	4	23	$ 24	36	$ 104	173
2019 Restructuring | Severance and employee-related costs
Restructuring Reserve [Roll Forward]
Balance, beginning	49	49	32		32
Costs charged to expense	6	3	23				108
Cash payments	(7)	(3)	(6)
Non-cash charge adjustment	0
Balance, ending	48	49	49		48		48
Costs charged to expense	6	3	23				108
2019 Restructuring | Facilities and related costs
Restructuring Reserve [Roll Forward]
Balance, beginning	0	0	0		0
Costs charged to expense	3	0	0				32
Cash payments	0	0	0
Non-cash charge adjustment	(3)
Balance, ending	0	0	0		0		0
Costs charged to expense	3	0	0				32
2019 Restructuring | Other costs
Restructuring Reserve [Roll Forward]
Balance, beginning	0	1	3		3
Costs charged to expense	0	1	0				33
Cash payments	0	(2)	(2)
Non-cash charge adjustment	0
Balance, ending	0	0	1		$ 0		0
Costs charged to expense	$ 0	$ 1	$ 0				$ 33

Restructuring - Total Restructu

Restructuring - Total Restructuring and Related Costs by Segment (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended		21 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	$ 9			$ 24	$ 39	$ 104
2019 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	9	$ 4	$ 23	24	36	104	$ 173
2019 Restructuring | Activision
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	1			1	5	12	24
2019 Restructuring | Blizzard
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	7			12	30	52	103
2019 Restructuring | King
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	1			4	(1)	17	19
2019 Restructuring | Other segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	$ 0			$ 7	$ 2	$ 23	$ 27

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - 2019 Restructuring - USD ($) $ in Millions	Oct. 27, 2020	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Total expected pre-tax restructuring charges		$ 190
Subsequent Event
Restructuring Cost and Reserve [Line Items]
Total expected pre-tax restructuring charges	$ 310
Percentage expected to be paid with cash on hand	70.00%
Severance and employee-related costs
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge		60.00%
Severance and employee-related costs | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge	60.00%
Facilities and related costs
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge		20.00%
Facilities and related costs | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge	20.00%
Other costs
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge		20.00%
Other costs | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Percentage of aggregate charge	20.00%

Restructuring - Schedule of Tot

Restructuring - Schedule of Total Expected Pre-tax Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended		21 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	$ 9			$ 24	$ 39	$ 104
2019 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	9	$ 4	$ 23	24	36	104	$ 173
Total Charges Expected as of September 30, 2020	190				190		190
2019 Restructuring | Activision
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	1			1	5	12	24
Total Charges Expected as of September 30, 2020	25				25		25
2019 Restructuring | Blizzard
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	7			12	30	52	103
Total Charges Expected as of September 30, 2020	105				105		105
2019 Restructuring | King
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	1			4	(1)	17	19
Total Charges Expected as of September 30, 2020	20				20		20
2019 Restructuring | Other segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs	0			$ 7	2	$ 23	27
Total Charges Expected as of September 30, 2020	$ 40				$ 40		$ 40

Interest and Other Expense (I_3

Interest and Other Expense (Income), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Interest income	$ (1)	$ (20)	$ (20)	$ (61)
Interest expense from debt and amortization of debt discount and deferred financing costs	27	23	72	68
Unrealized gain on equity investment	(3)	0	(3)	(38)
Other expense (income), net	2	(5)	6	(2)
Interest and other expense (income), net	$ 25	$ (2)	$ 55	$ (33)

Income Taxes (Details)

Income Taxes (Details) € in Millions, $ in Millions, kr in Billions	1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2020USD ($)	Jan. 31, 2020EUR (€)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2018SEK (kr)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)
Income Tax [Line Items]
Income tax expense			$ 118	$ 45	$ 365	$ 208
Effective tax rate (in percent)			16.00%	18.00%	18.00%	18.00%
Statutory income tax rate (in percent)					21.00%
Swedish Tax Agency
Income Tax [Line Items]
Total assessment, including penalties and interest, not recorded								$ 386	kr 3.5
French Tax Authority
Income Tax [Line Items]
Total assessment, including penalties and interest, not recorded										$ 666	€ 571
Tax expense related to tax settlement							$ 54
Tax payments, including interest and penalties	$ 188	€ 161

Computation of Basic_Diluted _3

Computation of Basic/Diluted Earnings Per Common Share - Computation EPS (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Consolidated net income	$ 604	$ 580	$ 505	$ 204	$ 328	$ 447	$ 1,688	$ 978
Denominator:
Denominator for basic earnings per common share - weighted-average common shares outstanding (in shares)	772			767			771	766
Employee stock options and awards (in shares)	7			4			6	4
Denominator for diluted earnings per common share - weighted-average common shares outstanding plus dilutive common shares under treasury stock method (in shares)	779			771			777	770
Basic earnings per common share (in dollars per share)	$ 0.78			$ 0.27			$ 2.19	$ 1.28
Diluted earnings per common share (in dollars per share)	$ 0.78			$ 0.26			$ 2.17	$ 1.27

Computation of Basic_Diluted _4

Computation of Basic/Diluted Earnings Per Common Share - Weighted-Average Shares Excluded from the Computation of Diluted Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Restricted stock units and options with underlying performance measures that had not yet been met (in shares)	3	4	2	3
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options to purchase shares of common stock (in shares)	0	6	1	6

Capital Transactions - Repurcha

Capital Transactions - Repurchase Program (Details) - Share Repurchase Program 2019 - USD ($)	9 Months Ended
	Sep. 30, 2020	Jan. 31, 2019
Share Repurchase Program [Line Items]
Share repurchase program, dollar amount authorized		$ 1,500,000,000
Shares of common stock repurchased (in shares)	0
Cost of common stock repurchased under the stock repurchase program	$ 0

Capital Transactions - Dividend

Capital Transactions - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	May 06, 2020	Feb. 06, 2020	May 09, 2019	Feb. 12, 2019	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Dividends
Dividends per common share (in dollars per share)		$ 0.41		$ 0.37	$ 0.41	$ 0.37
Cash dividend payment	$ 316		$ 283				$ 316	$ 283