Activision Blizzard (ATVI) 10-Q 31 Jul 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 24, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-15839
Entity Registrant Name	ACTIVISION BLIZZARD, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4803544
Entity Address, Address Line One	2701 Olympic Boulevard Building B
Entity Address, City or Town	Santa Monica,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404
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		786,798,320
Entity Central Index Key	0000718877
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 10,770	$ 7,060
Held-to-maturity investments	2,314	4,932
Accounts receivable, net	1,035	1,204
Software development	762	640
Other current assets	615	633
Total current assets	15,496	14,469
Software development	684	641
Property and equipment, net	204	193
Deferred income taxes, net	1,289	1,201
Other assets	479	508
Intangible assets, net	437	442
Goodwill	9,929	9,929
Total assets	28,518	27,383
Current liabilities:
Accounts payable	225	324
Deferred revenues	1,877	2,088
Accrued expenses and other liabilities	1,220	1,143
Total current liabilities	3,322	3,555
Long-term debt, net	3,612	3,611
Deferred income taxes, net	32	158
Other liabilities	759	816
Total liabilities	7,725	8,140
Commitments and contingencies (Note 14)
Shareholders’ equity:
Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,215,320,701 and 1,212,894,055 shares issued at June 30, 2023 and December 31, 2022, respectively	0	0
Additional paid-in capital	12,489	12,260
Less: Treasury stock, at cost, 428,676,471 shares at June 30, 2023 and December 31, 2022	(5,563)	(5,563)
Retained earnings	14,498	13,171
Accumulated other comprehensive loss	(631)	(625)
Total shareholders’ equity	20,793	19,243
Total liabilities and shareholders’ equity	$ 28,518	$ 27,383

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
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)	1,215,320,701	1,212,894,055
Treasury stock, shares (in shares)	428,676,471	428,676,471

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net revenues
Total net revenues	$ 2,207	$ 1,644	$ 4,590	$ 3,412
Cost of Revenue-product sales and in-game, subscription, and other:
Product development	405	311	807	658
Sales and marketing	333	263	611	514
General and administrative	230	247	468	459
Total costs and expenses	1,624	1,306	3,207	2,595
Operating income	583	338	1,383	817
Interest expense from debt	27	27	54	54
Other (income) expense, net (Note 10)	(168)	(10)	(290)	(23)
Income before income tax expense	724	321	1,619	786
Income tax expense	137	41	291	111
Net income	$ 587	$ 280	$ 1,328	$ 675
Earnings per common share
Basic (in dollars per share)	$ 0.75	$ 0.36	$ 1.69	$ 0.86
Diluted (in dollars per share)	$ 0.74	$ 0.36	$ 1.67	$ 0.86
Weighted-average number of shares outstanding
Basic (in shares)	786	782	785	781
Diluted (in shares)	794	788	793	787
Product sales
Net revenues
Total net revenues	$ 520	$ 304	$ 1,215	$ 690
Product costs
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	116	80	252	172
Software royalties and amortization
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	105	63	207	144
In-game, subscription, and other revenues
Net revenues
Total net revenues	1,687	1,340	3,375	2,722
Game operations and distribution costs
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	373	317	736	605
Software royalties and amortization
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	$ 62	$ 25	$ 126	$ 43

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 587	$ 280	$ 1,328	$ 675
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax	6	(23)	14	(27)
Unrealized gains (losses) on forward contracts designated as hedges, net of tax	(8)	14	(20)	9
Unrealized gains (losses) on available-for-sale securities, net of tax	0	4	0	5
Total other comprehensive (loss) income	(2)	(5)	(6)	(13)
Comprehensive income	$ 585	$ 275	$ 1,322	$ 662

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income		$ 1,328	$ 675
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes		(208)	(137)
Non-cash operating lease cost		42	37
Depreciation and amortization		38	49
Amortization of capitalized software development costs	[1]	212	133
Share-based compensation expense	[2]	226	199
Other		(77)	(27)
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net		173	394
Software development		(382)	(290)
Other assets		21	61
Deferred revenues		(228)	(268)
Accounts payable		(104)	(87)
Accrued expenses and other liabilities		126	101
Net cash provided by operating activities		1,167	840
Cash flows from investing activities:
Proceeds from maturities of available-for-sale investments		0	22
Proceeds from sale of available-for-sale investments		0	20
Proceeds from maturities of held-to-maturity investments		5,000	0
Purchases of available-for-sale investments		0	(109)
Purchases of held-to-maturity investments		(2,311)	0
Acquisition of business, net of cash acquired		0	(135)
Capital expenditures		(60)	(52)
Other investing activities		0	1
Net cash provided by (used in) investing activities		2,629	(253)
Cash flows from financing activities:
Proceeds from issuance of common stock to employees		25	37
Tax payment related to net share settlements on restricted stock units		(122)	(137)
Dividends paid		0	(367)
Net cash used in financing activities		(97)	(467)
Effect of foreign exchange rate changes on cash and cash equivalents		12	(48)
Net increase in cash and cash equivalents and restricted cash		3,711	72
Cash and cash equivalents and restricted cash at beginning of period		7,086	10,438
Cash and cash equivalents and restricted cash at end of period		$ 10,797	$ 10,510
[1]Excludes deferral and amortization of share-based compensation expense, including liability awards accounted for under Accounting Standards Codification (“ASC”) 718.[2]Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense, including liability awards accounted for under ASC 718.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Common stock, beginning balance (in shares) at Dec. 31, 2021		1,208,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2021			(429,000,000)
Beginning balance at Dec. 31, 2021	$ 17,599	$ 0	$ (5,563)	$ 11,715	$ 12,025	$ (578)
Components of comprehensive income:
Net income	395				395
Other comprehensive income (loss)	(8)					(8)
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	15			15
Issuance of common stock pursuant to restricted stock units (in shares)		4,000,000
Issuance of common stock pursuant to restricted stock units	0
Restricted stock surrendered for employees' tax liability (in shares)		(2,000,000)
Restricted stock surrendered for employees’ tax liability	(131)			(131)
Settlement of liability-classified awards in restricted stock units	204			204
Share-based compensation expense related to employee stock options and restricted stock units	124			124
Dividends	(367)				(367)
Common stock, ending balance (in shares) at Mar. 31, 2022		1,210,000,000
Treasury stock, ending balance (in shares) at Mar. 31, 2022			(429,000,000)
Ending balance at Mar. 31, 2022	17,831	$ 0	$ (5,563)	11,927	12,053	(586)
Common stock, beginning balance (in shares) at Dec. 31, 2021		1,208,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2021			(429,000,000)
Beginning balance at Dec. 31, 2021	17,599	$ 0	$ (5,563)	11,715	12,025	(578)
Components of comprehensive income:
Net income	675
Other comprehensive income (loss)	(13)
Common stock, ending balance (in shares) at Jun. 30, 2022		1,211,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2022			(429,000,000)
Ending balance at Jun. 30, 2022	18,248	$ 0	$ (5,563)	12,069	12,333	(591)
Common stock, beginning balance (in shares) at Mar. 31, 2022		1,210,000,000
Treasury stock, beginning balance (in shares) at Mar. 31, 2022			(429,000,000)
Beginning balance at Mar. 31, 2022	17,831	$ 0	$ (5,563)	11,927	12,053	(586)
Components of comprehensive income:
Net income	280				280
Other comprehensive income (loss)	(5)					(5)
Issuance of common stock pursuant to employee stock options (in shares)		1,000,000
Issuance of common stock pursuant to employee stock options	22			22
Restricted stock surrendered for employees’ tax liability	(9)			(9)
Share-based compensation expense related to employee stock options and restricted stock units	129			129
Common stock, ending balance (in shares) at Jun. 30, 2022		1,211,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2022			(429,000,000)
Ending balance at Jun. 30, 2022	$ 18,248	$ 0	$ (5,563)	12,069	12,333	(591)
Common stock, beginning balance (in shares) at Dec. 31, 2022		1,213,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2022	(428,676,471)		(429,000,000)
Beginning balance at Dec. 31, 2022	$ 19,243	$ 0	$ (5,563)	12,260	13,171	(625)
Components of comprehensive income:
Net income	740				740
Other comprehensive income (loss)	(4)					(4)
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	14			14
Issuance of common stock pursuant to restricted stock units (in shares)		3,000,000
Issuance of common stock pursuant to restricted stock units	0
Restricted stock surrendered for employees' tax liability (in shares)		(1,000,000)
Restricted stock surrendered for employees’ tax liability	(92)			(92)
Settlement of liability-classified awards in restricted stock units	93			93
Share-based compensation expense related to employee stock options and restricted stock units	121			121
Common stock, ending balance (in shares) at Mar. 31, 2023		1,215,000,000
Treasury stock, ending balance (in shares) at Mar. 31, 2023			(429,000,000)
Ending balance at Mar. 31, 2023	$ 20,115	$ 0	$ (5,563)	12,396	13,911	(629)
Common stock, beginning balance (in shares) at Dec. 31, 2022		1,213,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2022	(428,676,471)		(429,000,000)
Beginning balance at Dec. 31, 2022	$ 19,243	$ 0	$ (5,563)	12,260	13,171	(625)
Components of comprehensive income:
Net income	1,328
Other comprehensive income (loss)	$ (6)
Common stock, ending balance (in shares) at Jun. 30, 2023		1,215,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2023	(428,676,471)		(429,000,000)
Ending balance at Jun. 30, 2023	$ 20,793	$ 0	$ (5,563)	12,489	14,498	(631)
Common stock, beginning balance (in shares) at Mar. 31, 2023		1,215,000,000
Treasury stock, beginning balance (in shares) at Mar. 31, 2023			(429,000,000)
Beginning balance at Mar. 31, 2023	20,115	$ 0	$ (5,563)	12,396	13,911	(629)
Components of comprehensive income:
Net income	587				587
Other comprehensive income (loss)	(2)					(2)
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	11			11
Restricted stock surrendered for employees’ tax liability	(19)			(19)
Share-based compensation expense related to employee stock options and restricted stock units	$ 101			101
Common stock, ending balance (in shares) at Jun. 30, 2023		1,215,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2023	(428,676,471)		(429,000,000)
Ending balance at Jun. 30, 2023	$ 20,793	$ 0	$ (5,563)	$ 12,489	$ 14,498	$ (631)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Parenthetical)	3 Months Ended
	Mar. 31, 2022 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in dollars per share)	$ 0.47

Description of Business and Bas

Description of Business and Basis of Consolidation and Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Consolidation and Presentation	1. 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 (“PCs”), and mobile devices. We also operate esports leagues and offer digital advertising within some of our content. The terms “Activision Blizzard,” the “Company,” “we,” “us,” and “our” are used to refer collectively to Activision Blizzard, Inc. and its subsidiaries. Merger Agreement On January 18, 2022, we entered into an Agreement and Plan of Merger (as may be amended, supplemented, or otherwise modified from time to time, the “Merger Agreement”) with Microsoft Corporation (“Microsoft”) and Anchorage Merger Sub Inc. (“Merger Sub”), a wholly owned subsidiary of Microsoft. Subject to the terms and conditions of the Merger Agreement, Microsoft agreed to acquire the Company for $95.00 per issued and outstanding share of our common stock, par value $0.000001 per share, in an all-cash transaction. Pursuant to the terms of the Merger Agreement, our acquisition will be accomplished through the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Microsoft. As a result of the Merger, we will cease to be a publicly traded company. We have agreed to various customary covenants and agreements, including, among others, agreements to conduct our business in the ordinary course during the period between the execution of the Merger Agreement and the effective time of the Merger. We do not believe these restrictions will prevent us from meeting our debt service obligations, ongoing costs of operations, working capital needs or capital expenditure requirements. On July 18, 2023, the Company, Microsoft, and Merger Sub entered into a letter agreement to the Merger Agreement (the “Letter Agreement”), pursuant to which, among other things, each of Microsoft and the Company waived any right to terminate the Merger Agreement other than (i) pursuant to mutual agreement or (ii) if the Merger has not been consummated prior to 11:59 p.m. Pacific time on October 18, 2023. Microsoft will be required to pay us a reverse termination fee (the “Parent Termination Fee”) under certain specified circumstances. Pursuant to the Letter Agreement, if payable under the Merger Agreement on or prior to August 29, 2023, the Parent Termination Fee will be $3.0 billion, increasing to $3.5 billion if payable after August 29, 2023, and increasing to $4.5 billion if payable after September 15, 2023. Pursuant to the Letter Agreement, Microsoft and Merger Sub waived any right to not pay the first $3.0 billion of the Parent Termination Fee, if otherwise payable pursuant to the Merger Agreement (which amount shall be payable regardless of any breach of the Merger Agreement by the Company). Pursuant to the Letter Agreement, Microsoft and Merger Sub also waived any right to not pay any portion of the Parent Termination Fee in excess of $3.0 billion, to the extent otherwise payable pursuant to the Merger Agreement: • as a result of a breach by the Company of any representation, warranty or covenant in the Merger Agreement, whether before or after the date of the Letter Agreement, other than the willful breach by the Company of a covenant required to be performed after the date of the Letter Agreement by it that is the proximate cause of the failure of the conditions to Closing (as defined in the Merger Agreement) with respect to the expiration or termination of the applicable waiting period pursuant to, or obtaining all requisite clearances, consents and approvals pursuant to, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the antitrust and foreign investment laws of certain specified countries, without the imposition of a Burdensome Condition (as defined in the Merger Agreement); or • in the event that Microsoft or any of its subsidiaries materially breaches the Merger Agreement after the date of the Letter Agreement. In addition, pursuant to the Letter Agreement, among other things: • the Company is permitted to declare and pay one regular cash dividend for fiscal year 2023 in an amount per share not in excess of $0.99, prior to and not contingent on the Closing; and • in circumstances in which the Parent Termination Fee is payable pursuant to the Merger Agreement, effective from and after October 18, 2023, Microsoft and its Affiliates (as defined in the Merger Agreement) shall pay to the Company 100% of all proceeds or other payments for games of the Company, and the Company shall be entitled to offset any payments owed to the gaming business of Microsoft or its Affiliates pursuant to the existing agreements between the Company and Microsoft or their respective Affiliates, on a combined basis, in an amount up to $250 million for each of the 12-month periods ending December 31, 2023 and December 31, 2024. For additional information related to the Merger Agreement, please refer to Part I Item 1 “Business” of our Annual Report on Form 10-K for the year ended December 31, 2022 , our C urrent Report on Form 8-K filed on July 19, 2023 regarding the Letter Agreement, and other relevant materials in connection with the proposed transaction with Microsoft that we will file with the SEC and that will contain important information about the Company and the Merger. On December 8, 2022, the United States Federal Trade Commission (the “FTC”) issued an administrative complaint against the Company and Microsoft alleging that the Company and Microsoft executed the Merger Agreement in violation of Section 5 of the FTC Act, as amended, 15 U.S.C. § 45, which, if consummated, would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the FTC Act, as amended, 15 U.S.C. § 45. The administrative trial was scheduled to take place before an FTC administrative law judge starting August 2, 2023, but the case was removed from adjudication by the FTC on July 20, 2023, and the hearing has been stayed until further notice. On June 12, 2023, the FTC filed an action captioned Federal Trade Commission v. Microsoft, et al. , Case No. 3:23-cv-02880-JSC (N.D. Cal.), in the U.S. District Court for the Northern District of California seeking an emergency temporary restraining order and a preliminary injunction that would prohibit the Company and Microsoft from closing the Merger. On July 10, 2023, the district court denied the FTC’s motion for a preliminary injunction. On July 13, 2023, the FTC filed motions with the district court and the U.S. Court of Appeals for the Ninth Circuit seeking a temporary injunction pending appeal of the district court’s ruling. The district court denied the motion on July 13, 2023, and the U.S. Court of Appeals for the Ninth Circuit denied the motion on July 14, 2023. The emergency temporary restraining order that had been issued by the district court expired on July 14, 2023. The FTC’s appeal of the district court’s denial of the preliminary injunction is pending before the U.S. Court of Appeals for the Ninth Circuit. For more information regarding the FTC complaint regarding the pending Merger, see Note 14 to these condensed consolidated financial statements. On April 26, 2023, the United Kingdom Competition and Markets Authority (the “CMA”) announced a decision to block the Merger, stating that competition concerns arose in relation to cloud gaming and that Microsoft’s remedies addressing any concerns in cloud gaming were not sufficient. Microsoft is appealing the CMA’s ruling, and the Company has intervened in support. On July 11, 2023, the CMA announced that it had agreed with Microsoft and the Company to jointly seek a stay of the appeal from the Competition Appeal Tribunal (the “CAT”) in order to pursue a potential resolution to the CMA’s previously stated competition concerns. On July 21, 2023, the CAT formally approved the adjournment request. For more information regarding the CMA ruling regarding the pending Merger, see Note 14 to these condensed consolidated financial statements. Our Segments Based upon our organizational structure, we conduct our business through three reportable segments, each of which is a leading global developer and publisher of interactive entertainment content and services based primarily on our internally-developed intellectual properties. (i) Activision Publishing, Inc. Activision Publishing, Inc. (“Activision”) delivers content through both premium and free-to-play offerings and primarily generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products. Activision’s key product offerings include titles and content for Call of Duty ® , a first-person action franchise. Activision also includes the activities of the Call of Duty League™, a global professional esports league. (ii) Blizzard Entertainment, Inc. Blizzard Entertainment, Inc. (“Blizzard”) delivers content through both premium and free-to-play offerings and primarily generates revenue from full-game and in-game sales, subscriptions, and by licensing software to third-party or related-party companies that distribute Blizzard products. Blizzard also maintains a proprietary online gaming platform, Battle.net ® , which facilitates digital distribution of Blizzard content and selected Activision content, online social connectivity, and the creation of user-generated content. Blizzard’s key product offerings include titles and content for: the Warcraft ® franchise, which includes World of Warcraft ® , a subscription-based massive multi-player online role-playing game, and Hearthstone ® , an online collectible card game based in the Warcraft universe; Diablo ® in the action role-playing genre; and Overwatch ® in the team-based first-person action genre. Blizzard also includes the activities of the Overwatch League™, a global professional esports league. (iii) King Digital Entertainment King Digital Entertainment (“King”) delivers content through free-to-play offerings and primarily generates revenue from in-game sales and in-game advertising on mobile platforms. King’s key product offerings include titles and content for Candy Crush™, a “match three” franchise. Other We also engage in other businesses that do not represent reportable segments, including our 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 SEC 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, 2022. 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. 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. Actual results could differ from these estimates and assumptions. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated. Certain amounts in the prior year condensed consolidated financial statements have been reclassified to conform to the current year presentation.

Held-to-Maturity Investments

Held-to-Maturity Investments	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Held-to-Maturity Investments	2. Held-to-Maturity Investments The following tables summarize the Company's held-to-maturity investments (amount in millions): At June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized losses Estimated Fair Value U.S. treasuries and government agency securities $ 2,956 $ 1 $ — $ 2,957 At December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized losses Estimated Fair Value U.S. treasuries and government agency securities $ 4,932 $ 1 $ (3) $ 4,930

Software Development

Software Development	6 Months Ended
	Jun. 30, 2023
Software Development Costs [Abstract]
Software Development	3. Software Development Our total capitalized software development costs were $1.4 billion and $1.3 billion as of June 30, 2023 and December 31, 2022, respectively, and primarily relate to internal development costs. Amortization of capitalized software development costs was as follows (amounts in millions): For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Amortization of capitalized software development costs $ 133 $ 60 $ 258 $ 139

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements The Financial Accounting Standards Board 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 June 30, 2023 Using As of June 30, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Financial Assets: Recurring fair value measurements: Money market funds $ 9,807 $ 9,807 $ — $ — Cash and cash equivalents Equity securities 62 62 — — Other current assets Foreign currency forward contracts designated as hedges 4 — 4 — Other current assets Total $ 9,873 $ 9,869 $ 4 $ — Financial Liabilities: Foreign currency forward contracts designated as hedges $ (10) $ — $ (10) $ — Accrued expenses and other liabilities Fair Value Measurements at December 31, 2022 Using As of December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Financial Assets: Recurring fair value measurements: Money market funds $ 6,639 $ 6,639 $ — $ — Cash and cash equivalents Equity securities 49 49 — — Other current assets Foreign currency forward contracts designated as hedges 6 — 6 — Other current assets Total $ 6,694 $ 6,688 $ 6 $ — Financial Liabilities: Foreign currency forward contracts designated as hedges $ (6) $ — $ (6) $ — 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, which generally had remaining maturities of twelve months or less as of June 30, 2023, are as follows (amounts in millions): As of June 30, 2023 As of December 31, 2022 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell EUR $ 632 $ (5) $ 509 $ — Buy USD, Sell GBP 107 (1) — — Buy USD, Sell CAD 55 (1) — — Buy USD, Sell AUD 31 1 — — For the three and six months ended June 30, 2023 and 2022, 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 were not material.

Deferred Revenues

Deferred Revenues	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Deferred Revenues	5. 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 June 30, 2023 and December 31, 2022, were $1.9 billion and $2.1 billion, respectively. For the six months ended June 30, 2023, 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, which were in the ordinary course of business. During the three and six months ended June 30, 2023, $1.9 billion and $0.6 billion, respectively, of revenues were recognized that were included in the deferred revenues balance at December 31, 2022. During the three and six months ended June 30, 2022, $0.3 billion and $1.0 billion, respectively, of revenues were recognized that were included in the deferred revenues balance at December 31, 2021. As of June 30, 2023, the aggregate amount of contracted revenues allocated to our unsatisfied performance obligations was $2.1 billion, which included our deferred revenues balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $2.0 billion over the next 12 months, 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 revenue accounting standard.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	6. Debt Credit Facilities As of June 30, 2023 and December 31, 2022, 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 June 30, 2023. The Revolver is scheduled to mature on August 24, 2023. Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2022 for further details regarding the Credit Agreement and its key terms. Unsecured Senior Notes As of June 30, 2023 and December 31, 2022, we had $3.7 billion of gross unsecured senior notes outstanding. A summary of our outstanding unsecured senior notes is as follows (amounts in millions): At June 30, 2023 At December 31, 2022 Unsecured Senior Notes Interest Rate Semi-Annual Interest Payments Due On Maturity Principal Fair Value Principal Fair Value 2026 Notes 3.40% Mar. 15 & Sept. 15 Sept. 2026 $ 850 $ 811 $ 850 $ 810 2027 Notes 3.40% Jun. 15 & Dec. 15 Jun. 2027 400 379 400 378 2030 Notes 1.35% Mar. 15 & Sept. 15 Sept. 2030 500 401 500 391 2047 Notes 4.50% Jun. 15 & Dec. 15 Jun. 2047 400 369 400 353 2050 Notes 2.50% Mar. 15 & Sept. 15 Sept. 2050 1,500 965 1,500 936 Total gross long-term debt $ 3,650 $ 3,650 Unamortized discount and deferred financing costs (38) (39) Total net carrying amount $ 3,612 $ 3,611 We were in compliance with the terms of the notes outstanding as of June 30, 2023. Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2022 for further details regarding key terms under our indentures that govern our outstanding notes.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	7. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows (amounts in millions): For the Six Months Ended June 30, 2023 Foreign currency Unrealized gain (loss) Total Balance at December 31, 2022 $ (636) $ 11 $ (625) Other comprehensive income (loss) before reclassifications 14 (3) 11 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (17) (17) Balance at June 30, 2023 $ (622) $ (9) $ (631) For the Six Months Ended June 30, 2022 Foreign currency Unrealized gain (loss) Unrealized gain (loss) Total Balance at December 31, 2021 $ (606) $ 3 $ 25 $ (578) Other comprehensive income (loss) before reclassifications (27) 7 27 7 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (2) (18) (20) Balance at June 30, 2022 $ (633) $ 8 $ 34 $ (591)

Operating Segments and Geograph

Operating Segments and Geographic Regions	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Operating Segments and Geographic Regions	8. Operating Segments and Geographic Regions 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 (including liability awards accounted for under ASC 718); 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; certain partnership wind down 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 are presented below (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 574 $ 1,049 $ 747 $ 2,370 Intersegment net revenues (1) — 9 — 9 Segment net revenues $ 574 $ 1,058 $ 747 $ 2,379 Segment operating income $ 167 $ 409 $ 266 $ 842 Three Months Ended June 30, 2022 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 490 $ 390 $ 684 $ 1,564 Intersegment net revenues (1) — 11 — 11 Segment net revenues $ 490 $ 401 $ 684 $ 1,575 Segment operating income $ 92 $ 94 $ 271 $ 457 Six Months Ended June 30, 2023 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 1,154 $ 1,484 $ 1,486 $ 4,124 Intersegment net revenues (1) — 17 — 17 Segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 4,141 Segment operating income $ 346 $ 466 $ 507 $ 1,319 Six Months Ended June 30, 2022 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 943 $ 655 $ 1,366 $ 2,964 Intersegment net revenues (1) — 20 — 20 Segment net revenues $ 943 $ 675 $ 1,366 $ 2,984 Segment operating income $ 151 $ 148 $ 514 $ 813 (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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Reconciliation to consolidated net revenues: Segment net revenues $ 2,379 $ 1,575 $ 4,141 $ 2,984 Revenues from non-reportable segments (1) 91 73 192 155 Net effect from recognition (deferral) of deferred net revenues (2) (254) 7 274 293 Elimination of intersegment revenues (3) (9) (11) (17) (20) Consolidated net revenues $ 2,207 $ 1,644 $ 4,590 $ 3,412 Reconciliation to consolidated income before income tax expense: Segment operating income $ 842 $ 457 $ 1,319 $ 813 Operating income (loss) from non-reportable segments (1) 24 (5) 30 14 Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2) (162) 1 308 236 Share-based compensation expense (4) (102) (100) (226) (199) Amortization of intangible assets (5) — (2) (4) (4) Restructuring and related costs (6) — 3 — 5 Partnership wind down and related costs (7) 2 — (2) — Merger and acquisition-related fees and other expenses (8) (21) (16) (42) (48) Consolidated operating income 583 338 1,383 817 Interest expense from debt 27 27 54 54 Other (income) expense, net (168) (10) (290) (23) Consolidated income before income tax expense $ 724 $ 321 $ 1,619 $ 786 (1) Includes other income and expenses outside of our reportable segments, including our Distribution business and 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 expenses related to share-based compensation. (5) Reflects amortization of intangible assets from purchase price accounting. (6) Reflects restructuring initiatives. (7) Reflects expenses related to the wind down of our partnership with NetEase, Inc. in Mainland China in regards to licenses covering the publication of several Blizzard titles which expired in January 2023. (8) Reflects fees and other expenses related to our proposed transaction with Microsoft, which primarily consist of legal and advisory fees. Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s net revenues, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 764 $ 510 $ 747 $ — $ (9) $ 2,012 Retail channels 75 6 — — — 81 Other (2) 5 11 — 98 — 114 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Digital online channels (1) $ (208) $ 490 $ — $ — $ — $ 282 Retail channels (62) 41 — — — (21) Other (2) — — — (7) — (7) Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Digital online channels (1) $ 556 $ 1,000 $ 747 $ — $ (9) $ 2,294 Retail channels 13 47 — — — 60 Other (2) 5 11 — 91 — 107 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 527 $ 273 $ 685 $ — $ (11) $ 1,474 Retail channels 62 3 — — — 65 Other (2) 11 20 — 74 — 105 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Digital online channels (1) $ (59) $ 104 $ (1) $ — $ — $ 44 Retail channels (51) 1 — — — (50) Other (2) — — — (1) — (1) Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Digital online channels (1) $ 468 $ 377 $ 684 $ — $ (11) $ 1,518 Retail channels 11 4 — — — 15 Other (2) 11 20 — 73 — 104 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 1,666 $ 1,034 $ 1,485 $ — $ (17) $ 4,168 Retail channels 177 8 — — — 185 Other (2) 11 15 — 211 — 237 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Digital online channels (1) $ (570) $ 404 $ 1 $ — $ — $ (165) Retail channels (130) 40 — — — (90) Other (2) — — — (19) — (19) Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Digital online channels (1) $ 1,096 $ 1,438 $ 1,486 $ — $ (17) $ 4,003 Retail channels 47 48 — — — 95 Other (2) 11 15 — 192 — 218 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 1,142 $ 574 $ 1,367 $ — $ (20) $ 3,063 Retail channels 146 5 — — — 151 Other (2) 22 22 — 154 — 198 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Digital online channels (1) $ (250) $ 73 $ (1) $ — $ — $ (178) Retail channels (117) 2 — — — (115) Other (2) — (1) — 1 — — Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Digital online channels (1) $ 892 $ 647 $ 1,366 $ — $ (20) $ 2,885 Retail channels 29 7 — — — 36 Other (2) 22 21 — 155 — 198 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (1) Net revenues from “Digital online channels” include revenues from digitally-distributed downloadable content, microtransactions, subscriptions, and products, as well as licensing royalties. (2) Net revenues from “Other” primarily 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, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 545 $ 268 $ 469 $ 1 $ (5) $ 1,278 EMEA (1) 215 159 192 97 (3) 660 Asia Pacific 84 100 86 — (1) 269 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Americas $ (174) $ 247 $ (1) $ — $ — $ 72 EMEA (1) (80) 153 1 (7) — 67 Asia Pacific (16) 131 — — — 115 Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Americas $ 371 $ 515 $ 468 $ 1 $ (5) $ 1,350 EMEA (1) 135 312 193 90 (3) 727 Asia Pacific 68 231 86 — (1) 384 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 396 $ 147 $ 446 $ — $ (7) $ 982 EMEA (1) 147 89 163 74 (3) 470 Asia Pacific 57 60 76 — (1) 192 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Americas $ (61) $ 52 $ (1) $ — $ — $ (10) EMEA (1) (44) 25 (1) (1) — (21) Asia Pacific (5) 28 1 — — 24 Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Americas $ 335 $ 199 $ 445 $ — $ (7) $ 972 EMEA (1) 103 114 162 73 (3) 449 Asia Pacific 52 88 77 — (1) 216 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 1,197 $ 525 $ 942 $ 3 $ (11) $ 2,656 EMEA (1) 471 311 374 208 (5) 1,359 Asia Pacific 186 221 169 — (1) 575 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Americas $ (453) $ 203 $ — $ (1) $ — $ (251) EMEA (1) (205) 126 — (18) — (97) Asia Pacific (42) 115 1 — — 74 Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Americas $ 744 $ 728 $ 942 $ 2 $ (11) $ 2,405 EMEA (1) 266 437 374 190 (5) 1,262 Asia Pacific 144 336 170 — (1) 649 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 856 $ 273 $ 883 $ — $ (13) $ 1,999 EMEA (1) 331 183 333 154 (5) 996 Asia Pacific 123 145 151 — (2) 417 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Americas $ (226) $ 40 $ — $ — $ — $ (186) EMEA (1) (124) 13 (1) 1 — (111) Asia Pacific (17) 21 — — — 4 Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Americas $ 630 $ 313 $ 883 $ — $ (13) $ 1,813 EMEA (1) 207 196 332 155 (5) 885 Asia Pacific 106 166 151 — (2) 421 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (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 52% of consolidated net revenues for the three months ended June 30, 2023 and 2022, respectively. The Company’s net revenues in the U.K. were 10% of consolidated net revenues for both the three months ended June 30, 2023 and 2022. No other country’s net revenues exceeded 10% of consolidated net revenues for the three months ended June 30, 2023 or 2022. The Company’s net revenues in the U.S. were 51% of consolidated net revenues for both the six months ended June 30, 2023 and 2022. The Company’s net revenues in the U.K. were 10% of consolidated net revenues for both the six months ended June 30, 2023 and 2022. No other country’s net revenues exceeded 10% of consolidated net revenues for the six months ended June 30, 2023 or 2022. Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 492 $ 64 $ — $ — $ — $ 556 PC 204 381 18 — (9) 594 Mobile and ancillary (1) 143 71 729 — — 943 Other (2) 5 11 — 98 — 114 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Console $ (174) $ 200 $ — $ — $ — $ 26 PC (90) 336 — — — 246 Mobile and ancillary (1) (6) (5) — — — (11) Other (2) — — — (7) — (7) Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Console $ 318 $ 264 $ — $ — $ — $ 582 PC 114 717 18 — (9) 840 Mobile and ancillary (1) 137 66 729 — — 932 Other (2) 5 11 — 91 — 107 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 357 $ 19 $ — $ — $ — $ 376 PC 97 229 17 — (11) 332 Mobile and ancillary (1) 135 28 668 — — 831 Other (2) 11 20 — 74 — 105 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Console $ (100) $ 3 $ — $ — $ — $ (97) PC (15) 40 — — — 25 Mobile and ancillary (1) 5 62 (1) — — 66 Other (2) — — — (1) — (1) Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Console $ 257 $ 22 $ — $ — $ — $ 279 PC 82 269 17 — (11) 357 Mobile and ancillary (1) 140 90 667 — — 897 Other (2) 11 20 — 73 — 104 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,089 $ 105 $ — $ — $ — $ 1,194 PC 473 767 36 — (17) 1,259 Mobile and ancillary (1) 281 170 1,449 — — 1,900 Other (2) 11 15 — 211 — 237 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Console $ (452) $ 197 $ — $ — $ — $ (255) PC (241) 284 — — — 43 Mobile and ancillary (1) (7) (37) 1 — — (43) Other (2) — — — (19) — (19) Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Console $ 637 $ 302 $ — $ — $ — $ 939 PC 232 1,051 36 — (17) 1,302 Mobile and ancillary (1) 274 133 1,450 — — 1,857 Other (2) 11 15 — 192 — 218 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 816 $ 43 $ — $ — $ — $ 859 PC 221 481 34 — (20) 716 Mobile and ancillary (1) 251 55 1,333 — — 1,639 Other (2) 22 22 — 154 — 198 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Console $ (315) $ (2) $ — $ — $ — $ (317) PC (77) 22 — — — (55) Mobile and ancillary (1) 25 55 (1) — — 79 Other (2) — (1) — 1 — — Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Console $ 501 $ 41 $ — $ — $ — $ 542 PC 144 503 34 — (20) 661 Mobile and ancillary (1) 276 110 1,332 — — 1,718 Other (2) 22 21 — 155 — 198 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (1) Net revenues from “Mobile and ancillary” primarily include revenues from mobile devices. (2) Net revenues from “Other” primarily 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 June 30, 2023 At December 31, 2022 Long-lived assets* by geographic region: Americas $ 277 $ 279 EMEA 98 103 Asia Pacific 20 21 Total long-lived assets by geographic region $ 395 $ 403 * 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 lease right-of-use assets. All other long-term assets are not allocated by location.

Share-Based Payments

Share-Based Payments	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Payments	9. Share-Based Payments Stock Option Activity Stock option activity is as follows: Number of shares (in thousands) Weighted-average Weighted-average Aggregate Outstanding stock options at December 31, 2022 7,861 $ 58.85 Granted — — Exercised (490) 50.95 Forfeited (94) 88.40 Expired (37) 78.63 Outstanding stock options at June 30, 2023 7,240 $ 58.90 5.34 $ 189 Vested and expected to vest at June 30, 2023 7,188 $ 58.70 5.32 $ 189 Exercisable at June 30, 2023 6,523 $ 55.94 5.09 $ 188 The aggregate intrinsic value in the table above represents the total pretax intrinsic value (i.e., the difference between our closing stock price on the last trading day of the period and the exercise price, times the number of shares for options where the closing stock price is greater than the exercise price) that would have been received by the option holders had all option holders exercised their options on that date. This amount changes based on the market value of our stock. Restricted Stock Units (“RSUs”) Activity We grant RSUs, which represent the right to receive shares of our common stock. Vesting for RSUs is generally contingent upon the holder’s continued employment with us and may be subject to other conditions (which may include the satisfaction of a performance measure). Also, certain of our performance-based RSUs, including those that are market-based, include a range of shares that may be released at vesting, which are above or below the targeted number of RSUs based on actual performance relative to the performance measure. If the vesting conditions are not met, unvested RSUs will be forfeited. Upon vesting of the RSUs, we may withhold shares otherwise deliverable to satisfy tax withholding requirements. The following table summarizes our RSU activity with performance-based RSUs, including those with market conditions, presented at 100% of the target level shares that may potentially vest (amounts in thousands, except per share data): Number of shares Weighted- Unvested RSUs at December 31, 2022 13,754 $ 74.53 Granted 1,924 78.64 Vested (3,370) 76.90 Forfeited (533) 78.40 Unvested RSUs at June 30, 2023 11,775 $ 74.36 As of December 31, 2022 and 2021, we had recorded a share-based compensation liability related to compensation payments under our annual performance plans for 2022 and 2021, respectively, which the Company determined to settle certain amounts not yet paid in stock as opposed to cash. During the six months ended June 30, 2023 and 2022, we settled the respective share-based compensation liability by granting 1,188 thousand and 2,777 thousand RSUs, respectively, that vested during the first quarter shortly after grant. The number of shares issued was based on the Company’s closing stock price on the date of grant. The impact of this settlement was recorded in “Additional Paid-In-Capital” in our condensed consolidated statement of changes in shareholders’ equity for the six months ended June 30, 2023 and 2022.

Other (Income) Expense, Net

Other (Income) Expense, Net	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other (Income) Expense, Net	10. Other (Income) Expense, Net Other (income) expense, net is comprised of the following (amounts in millions): For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Interest income $ (147) $ (17) $ (272) $ (18) Realized and unrealized (gain) loss on equity investment (15) 7 (13) (4) Other (income) expense (6) — (5) (1) Other (income) expense, net $ (168) $ (10) $ (290) $ (23)

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes We account for our provision for income taxes in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 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 $137 million for the three months ended June 30, 2023, reflects an effective tax rate of 19%, which is higher than the effective tax rate of 13% for the three months ended June 30, 2022. Our tax rate in the current quarter is higher than in the prior year due to an increase in the U.K. corporate tax rate that became effective in 2023, changes in the mix of our pre-tax income between countries, and a discrete tax benefit recognized in 2022 related to previously unrecognized tax benefits. The income tax expense of $291 million for the six months ended June 30, 2023, reflects an effective tax rate of 18%, which is higher than the effective tax rate of 14% for the six months ended June 30, 2022. Our tax rate is higher than in the prior year due to the same drivers as the quarter to date period above. The effective tax rate of 19% and 18% for the three and six months ended June 30, 2023, is lower than the U.S. statutory rate of 21%, primarily due to lower taxes on foreign earnings and U.S. research and development credits. 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 2016 through 2019 tax years. 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 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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	12. 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 June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Consolidated net income $ 587 $ 280 $ 1,328 $ 675 Denominator: Denominator for basic earnings per common share—weighted-average common shares outstanding 786 782 785 781 Effect of dilutive stock options and awards under the treasury stock method 8 6 8 6 Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method 794 788 793 787 Basic earnings per common share $ 0.75 $ 0.36 $ 1.69 $ 0.86 Diluted earnings per common share $ 0.74 $ 0.36 $ 1.67 $ 0.86

Capital Transactions

Capital Transactions	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Capital Transactions	13. Capital Transactions Dividends On July 18, 2023, our Board of Directors declared a cash dividend of $0.99 per share of our outstanding common stock, payable on August 17, 2023, to shareholders of record at the close of business on August 2, 2023.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. 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, 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. We are also party to the proceedings set forth below. EEOC Settlement In September 2021, the Company entered into a proposed consent decree with the U.S. Equal Employment Opportunity Commission (the “EEOC”) to settle claims regarding certain employment practices. The consent decree was approved by the United States District Court, Central District of California on March 29, 2022. The consent decree, among other things, provides for the creation of an $18 million settlement fund for eligible claimants; upgrading Company policies, practices, and training to further prevent and eliminate harassment and discrimination in its workplaces, including implementing an expanded performance review system with a new equal opportunity focus; and providing ongoing oversight and review of the Company’s training programs, investigation policies, disciplinary framework and compliance by appointing a third-party equal opportunity consultant for the next three years whose findings will be regularly reported to the EEOC and shared with the Company’s Board of Directors. The settlement fund claims administrator advised the Company that the claims process is complete, ending in June 2023, and funds have been transferred to those who returned the required release. There were undistributed funds, which will be donated to a charitable organization focused on advancing women in the video game and technology industries or promoting awareness around gender equality issues. The California Civil Rights Department (formerly known as the Department of Fair Employment and Housing) (the “CRD”) filed a motion to intervene in the matter, seeking to object to the consent decree, including the amount of the settlement fund; that motion was denied. The CRD filed a notice of appeal of the order denying the CRD’s motion to intervene. The CRD filed its opening brief for its appeal of the Court’s order denying its motion to intervene with the United States Court of Appeals for the Ninth Circuit on May 18, 2022. On April 19, 2022, the CRD filed a second motion to intervene with the United States District Court. The CRD’s second motion to intervene was denied on June 3, 2022. On June 7, 2022, the CRD filed a notice of appeal of the order denying the CRD’s second motion to intervene with the United States Court of Appeals for the Ninth Circuit. On March 4, 2022, Jessica Gonzalez, a former Blizzard Entertainment employee, filed a motion to intervene with the United States District Court; it was denied on March 22, 2022. On May 23, 2022, Gonzalez filed a notice of appeal of the order denying her motion to intervene with the United States Court of Appeals for the Ninth Circuit. The CRD appeals and Gonzalez appeal are pending before the Ninth Circuit and oral arguments for both occurred June 13, 2023. The parties are awaiting the Ninth Circuit’s decision. Pending Employment-Related Matters On July 20, 2021, the CRD filed a complaint (the “CRD Matter”) in California Superior Court, County of Los Angeles against Activision Blizzard, Blizzard Entertainment and Activision Publishing (together, the “Defendants”) alleging violations of the California Fair Employment and Housing Act and the California Equal Pay Act. The CRD filed a First Amended Complaint in the CRD Matter on August 23, 2021. The Defendants moved to dismiss the First Amended Complaint; the motion was heard on February 15, 2022. The Defendants’ motion was denied in part and granted in part, and the CRD did not amend with respect to the granted portion. On May 6, 2022, Defendants moved for partial summary adjudication seeking to dismiss claims asserted under the Fair Employment & Housing Act, which the Court denied. Defendants filed a Petition for Peremptory Writ or Other Appropriate Relief regarding the Court’s denial of Defendants’ motion for partial summary adjudication, which was denied. Defendants appealed the denial of their writ to the California Supreme Court, which was denied. On October 27, 2022, the CRD filed a Motion for Summary Adjudication on certain of Defendants’ affirmative defenses with a hearing date scheduled for June 29, 2023; the June 29, 2023, hearing date was vacated and has not been reset. On October 28, 2022, the February 27, 2023, trial date was vacated and a new trial date is to be set by the Court. Defendants were granted leave to file a cross complaint against various staffing agencies implicated in CRD’s complaint on January 20, 2023. On January 24, 2023, Cross-Defendants Creative Circle and Apex challenged the judicial assignment, which was granted on January 24, 2023. On January 27, 2023, CRD sought reconsideration of the ruling on judicial reassignment, which was denied on March 2, 2023. On February 7, 2023, Defendants sought reassignment to the complex courts, which was denied on April 26, 2023. On February 22, 2023, Cross-Defendant TEKSystems filed a demurrer to the Cross-Complaint, which was granted by the newly assigned court on May 17, 2023, whose reasoning included finding the claims premature. In light of the court’s ruling on TEKSystems demurrer, the Company stipulated to stay and/or dismiss without prejudice the claims asserted against various Cross-Defendants. On June 1, Insight Global filed a demurrer to the Cross-Complaint seeking dismissal with prejudice. On July 25, 2023, consistent with its prior ruling, the court sustained the demurrer, but dismissed Insight Global without prejudice. Discovery continues with the court actively supervising discovery and scheduling motions to address various central legal issues. The trial date has not yet been reset. On August 3, 2021, a putative class action was filed in the United States District Court, Central District of California, entitled Gary Cheng v. Activision Blizzard, Inc., et al. , Case No. 2:21-cv-06240-PA-JEM. Plaintiffs assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), against the Company and five current or former officers. An amended complaint was filed on December 3, 2021, purportedly on behalf of a class of the Company’s shareholders who purchased stock between February 28, 2017, and November 16, 2021. In an order dated April 18, 2022, the Court granted defendants’ motion to dismiss the amended complaint with leave to amend. Plaintiffs filed a second amended complaint on May 18, 2022, on behalf of shareholders who purchased stock between November 8, 2018, and November 16, 2021, which defendants moved to dismiss on June 16, 2022. In an order dated August 30, 2022, the Court granted defendants’ motion to dismiss the second amended complaint with leave to amend. Plaintiff filed a third amended complaint on September 29, 2022. Defendants’ motion to dismiss the third amended complaint was filed October 31, 2022. In an order entered January 23, 2023, the Court granted defendants’ motion to dismiss the third amended complaint without leave to amend and on the same date entered judgment in accordance with that order. Plaintiffs have filed an appeal in the United States Court of Appeals for the Ninth Circuit. Beginning on August 6, 2021, three putative shareholder derivative actions were filed in California Superior Court, County of Los Angeles, and those cases have now been consolidated in an action entitled York County on Behalf of County of York Retirement Fund v. Robert A. Kotick, et al. , Case No. 21STCV28949. Another related putative shareholder derivative action, entitled Lesley Warren Savage v. Robert A. Kotick, et al. , Case No. 22STCV17478, was filed in California Superior Court, County of Los Angeles on May 23, 2022. These related shareholder derivative actions in California Superior Court are currently stayed. The putative derivative actions collectively assert claims on the Company’s behalf against a number of current or former officers, employees and directors for breach of fiduciary duty, corporate waste, unjust enrichment, misappropriation, contribution, and alleged violation of Section 14(a) of the Exchange Act based on allegations similar to those in the CRD Matter and in the securities class action. The Company is named as a nominal defendant. We are unable to predict the impact of the above pending matters on our business, financial condition, results of operations, or liquidity at this time. Legal Proceedings Regarding the Merger Following the announcement of the proposed transaction with Microsoft, complaints were filed in the United States District Court for the Southern District of New York, the United States District Court for the Eastern District of New York, the United States District Court for the Central District of California, the United States District Court for the Eastern District of Pennsylvania and the United States District Court for the District of Delaware against the Company and its directors: Stein v. Activision Blizzard, Inc. et al ., No. 1:22-cv-01560 (S.D.N.Y.); Perry v. Activision Blizzard, Inc. et al ., No. 1:22-cv-02074 (S.D.N.Y.); Whitfield v. Activision Blizzard, Inc. et al. , 2:22-cv-01182 (E.D.N.Y.); Lande v. Activision Blizzard, Inc. et al ., No. 1:22-cv-01267 (E.D.N.Y.); Watson v. Activision Blizzard, Inc. et al., No. 2:22-cv-01268 (C.D. Cal.); Rubin v. Activision Blizzard, Inc. et al. , No. 2:22-cv-01343 (C.D. Cal.); Baker v. Activision Blizzard, Inc. et al ., No. 2:22cv-00875 (E.D. Pa.); and David v. Activision Blizzard, Inc. et al. , No. 1:22-cv-00339 (D. Del.). The complaints each assert violations of Section 14(a) and Section 20(a) of the Exchange Act and allege that the preliminary proxy statement filed in connection with the proposed transaction with Microsoft omitted certain purportedly material information which rendered the preliminary proxy statement incomplete and misleading. Specifically, the complaints allege that the preliminary proxy statement failed to disclose material information regarding the sales process, the Company’s projections and the financial analyses of the Company’s financial advisor. The complaints sought, among other things, an order to enjoin the transaction unless additional disclosures were issued; and, if the transaction closes, damages. The Watson complaint also alleges that the Company’s directors entered into the transaction for self-interested reasons, including receipt of personal benefits in the transaction. All of the complaints have been voluntarily dismissed. Following the announcement of the proposed transaction with Microsoft, the Company also received several demand letters from purported shareholders and two lawsuits, Sjunde AP-Fonden v. Activision Blizzard, Inc. , No. 2022-0281-KSJM (Del. Ch.) and New York City Employees’ Retirement System et al. v. Activision Blizzard, Inc. , No. 2022-0365-KSJM (Del. Ch.) (together, the “220 Complaints”), for books and records pursuant to 8 Del. C. § 220. Among other things, the demand letters and the 220 Complaints seek to investigate purported breaches of fiduciary duty related to the proposed transaction with Microsoft. Specifically, the demands seek to investigate Mr. Kotick’s role in the proposed transaction with Microsoft with one of the demands alleging that Mr. Kotick’s position at the Company was at risk given workplace issues and he chose to pursue a transaction rather than resign. Such demand further alleges that Mr. Kotick agreed to a price range without authorization from the Company’s Board of Directors and that the Company’s Board of Directors allowed Mr. Kotick to control the transaction process. Such demand also alleges that the transaction price is inadequate because Microsoft’s opportunistic offer took advantage of the Company’s purportedly depressed stock price and that management may have attempted to validate the consideration through downward adjustments to the Company’s long-range plan. On November 3, 2022 a lawsuit captioned, Sjunde AP-Fonden v. Activision Blizzard, Inc. et al. , C.A. No. 2022-1001-CM (Del. Ch.) was filed under seal in the Court of Chancery of the State of Delaware on behalf of a class of shareholders of the Company. The complaint names the Company, our directors, Microsoft and Merger Sub as defendants. The complaint alleges that the director defendants breached their fiduciary duty in connection with the initiation, timing, negotiation, approval and disclosure of the Merger. The complaint also alleges that the Merger was not approved in compliance with the requirements of 8 Del. C. § 251, and seeks a declaration that the Merger would be invalid if consummated. The complaint also asserts a claim against Microsoft and Merger Sub for aiding and abetting the purported breaches of fiduciary duty and conspiring with the director defendants in those breaches. On January 25, 2023, an amended complaint was filed in the Sjunde AP-Fonden action. On March 24, 2023, the Company filed a motion to stay the action. On May 1, 2023, Plaintiff filed a motion for limited expedited proceedings and a motion for a preliminary injunction to enjoin defendants from amending, extending or waiving the termination date until the purported 8 Del. C. § 251 issues are addressed. On May 16, 2023, the Court denied Plaintiff’s motion for limited expedited proceedings and the Company’s motion to stay. On June 5, 2023, the Company filed a motion to dismiss the amended complaint and a motion to stay discovery and for a protective order pending the dispositive motion. On June 13, 2023, Plaintiff filed a motion for partial summary judgment. All three motions are set to be heard on November 14, 2023. On December 8, 2022, the United States Federal Trade Commission (the “FTC”) issued an administrative complaint against the Company and Microsoft alleging that the Company and Microsoft executed the Merger Agreement in violation of Section 5 of the FTC Act, as amended, 15 U.S.C. § 45, which, if consummated, would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the FTC Act, as amended, 15 U.S.C. § 45. The Company filed an answer to the FTC’s administrative complaint on December 22, 2022, and thereafter filed an amended answer on January 4, 2023. The administrative trial was scheduled to take place before an FTC administrative law judge starting August 2, 2023, but the case was removed from adjudication by the FTC on July 20, 2023, and the hearing has been stayed until further notice. On June 12, 2023, the FTC filed an action captioned Federal Trade Commission v. Microsoft, et al. , Case No. 3:23-cv-02880-JSC (N.D. Cal.), in the U.S. District Court for the Northern District of California seeking an emergency temporary restraining order and a preliminary injunction that would prohibit the Company and Microsoft from closing the Merger, alleging that the Merger, if consummated, would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the FTC Act, as amended, 15 U.S.C. § 45. On June 14, 2023, the district court granted the emergency temporary restraining order and scheduled an evidentiary hearing on the preliminary injunction motion to begin on June 22, 2023. The preliminary injunction hearing was conducted over five days between June 22, 2023 and June 29, 2023. On July 10, 2023, the district court denied the FTC’s motion for a preliminary injunction. On July 13, 2023, the FTC filed motions with the district court and the U.S. Court of Appeals for the Ninth Circuit seeking a temporary injunction pending appeal of the district court’s ruling. The district court denied the motion on July 13, 2023, and the U.S. Court of Appeals for the Ninth Circuit denied the motion on July 14, 2023. The emergency temporary restraining order that had been issued by the district court expired on July 14, 2023. The FTC’s appeal of the district court’s denial of the preliminary injunction is pending before the U.S. Court of Appeals for the Ninth Circuit. On April 26, 2023, the United Kingdom Competition and Markets Authority (the “CMA”) announced a decision to block the Merger, stating that competition concerns arose in relation to cloud gaming and that Microsoft’s remedies addressing any concerns in cloud gaming were not sufficient. Microsoft is appealing the CMA’s ruling, and the Company has intervened in support. The appeal hearing was scheduled to begin on July 28, 2023; however, on July 11, 2023, the CMA announced that it had agreed with Microsoft and the Company to jointly seek a stay of the appeal from the Competition Appeal Tribunal (the “CAT”) in order to pursue a potential resolution to the CMA’s previously stated competition concerns. On July 17, 2023, the CAT conditionally approved, and on July 21, 2023, the CAT formally approved, the adjournment request. We are unable to predict the impact of the above pending matters on our business, financial condition, results of operations, or liquidity at this time. The Company has received voluntary requests for information from the SEC and a grand jury subpoena from the United States Department of Justice related to their respective investigations into trading by third parties—including persons known to the Company’s CEO—in securities prior to the announcement of the proposed transaction with Microsoft. The Company has fully cooperated with these investigations. Commitments and Obligations During the three months ended June 30, 2023, we entered into certain agreements which included minimum commitments of approximately $1.4 billion. The commitments relate primarily to advertising and hosting services which comprise approximately 60% and 40%, respectively, of the total minimum commitments. Payments of these commitments will be made over three years. During the three months ended June 30, 2023, we amended certain terms of our collaborative arrangements with team entities participating in the Overwatch League. According to the amended terms, following the conclusion of the current Overwatch League season, the teams will vote on an updated operating agreement. If the teams do not vote to continue under an updated operating agreement, a termination fee of $6 million will be payable to each participating team entity (total fee of approximately $114 million). As of June 30, 2023, a termination liability has not been accrued because the termination of the Overwatch League arrangements is contingent on the team vote, which is expected to occur in the fourth quarter of 2023. Total revenues from the Overwatch League comprise less than 1% of our consolidated net revenues.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income	$ 587	$ 740	$ 280	$ 395	$ 1,328	$ 675

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and B_2

Description of Business and Basis of Consolidation and Presentation (Policies)	6 Months Ended
	Jun. 30, 2023
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 SEC 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, 2022. 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. 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. Actual results could differ from these estimates and assumptions. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated. Certain amounts in the prior year condensed consolidated financial statements have been reclassified to conform to the current year presentation.

Held-to-Maturity Investments (T

Held-to-Maturity Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Held-to-Maturity	The following tables summarize the Company's held-to-maturity investments (amount in millions): At June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized losses Estimated Fair Value U.S. treasuries and government agency securities $ 2,956 $ 1 $ — $ 2,957 At December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized losses Estimated Fair Value U.S. treasuries and government agency securities $ 4,932 $ 1 $ (3) $ 4,930

Software Development (Tables)

Software Development (Tables)	6 Months Ended
	Jun. 30, 2023
Software Development Costs [Abstract]
Schedule of Amortization of Software Development Costs	Amortization of capitalized software development costs was as follows (amounts in millions): For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Amortization of capitalized software development costs $ 133 $ 60 $ 258 $ 139

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of 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 June 30, 2023 Using As of June 30, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Financial Assets: Recurring fair value measurements: Money market funds $ 9,807 $ 9,807 $ — $ — Cash and cash equivalents Equity securities 62 62 — — Other current assets Foreign currency forward contracts designated as hedges 4 — 4 — Other current assets Total $ 9,873 $ 9,869 $ 4 $ — Financial Liabilities: Foreign currency forward contracts designated as hedges $ (10) $ — $ (10) $ — Accrued expenses and other liabilities Fair Value Measurements at December 31, 2022 Using As of December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Balance Sheet Financial Assets: Recurring fair value measurements: Money market funds $ 6,639 $ 6,639 $ — $ — Cash and cash equivalents Equity securities 49 49 — — Other current assets Foreign currency forward contracts designated as hedges 6 — 6 — Other current assets Total $ 6,694 $ 6,688 $ 6 $ — Financial Liabilities: Foreign currency forward contracts designated as hedges $ (6) $ — $ (6) $ — Accrued expenses and other liabilities
Schedule of Foreign Currency Forward Contracts	The total gross notional amounts and fair values of our Cash Flow Hedges, which generally had remaining maturities of twelve months or less as of June 30, 2023, are as follows (amounts in millions): As of June 30, 2023 As of December 31, 2022 Notional amount Fair value gain (loss) Notional amount Fair value gain (loss) Foreign Currency: Buy USD, Sell EUR $ 632 $ (5) $ 509 $ — Buy USD, Sell GBP 107 (1) — — Buy USD, Sell CAD 55 (1) — — Buy USD, Sell AUD 31 1 — —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Summary of Debt	As of June 30, 2023 and December 31, 2022, we had $3.7 billion of gross unsecured senior notes outstanding. A summary of our outstanding unsecured senior notes is as follows (amounts in millions): At June 30, 2023 At December 31, 2022 Unsecured Senior Notes Interest Rate Semi-Annual Interest Payments Due On Maturity Principal Fair Value Principal Fair Value 2026 Notes 3.40% Mar. 15 & Sept. 15 Sept. 2026 $ 850 $ 811 $ 850 $ 810 2027 Notes 3.40% Jun. 15 & Dec. 15 Jun. 2027 400 379 400 378 2030 Notes 1.35% Mar. 15 & Sept. 15 Sept. 2030 500 401 500 391 2047 Notes 4.50% Jun. 15 & Dec. 15 Jun. 2047 400 369 400 353 2050 Notes 2.50% Mar. 15 & Sept. 15 Sept. 2050 1,500 965 1,500 936 Total gross long-term debt $ 3,650 $ 3,650 Unamortized discount and deferred financing costs (38) (39) Total net carrying amount $ 3,612 $ 3,611

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2023
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 Six Months Ended June 30, 2023 Foreign currency Unrealized gain (loss) Total Balance at December 31, 2022 $ (636) $ 11 $ (625) Other comprehensive income (loss) before reclassifications 14 (3) 11 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (17) (17) Balance at June 30, 2023 $ (622) $ (9) $ (631) For the Six Months Ended June 30, 2022 Foreign currency Unrealized gain (loss) Unrealized gain (loss) Total Balance at December 31, 2021 $ (606) $ 3 $ 25 $ (578) Other comprehensive income (loss) before reclassifications (27) 7 27 7 Amounts reclassified from accumulated other comprehensive income (loss) into earnings — (2) (18) (20) Balance at June 30, 2022 $ (633) $ 8 $ 34 $ (591)

Operating Segments and Geogra_2

Operating Segments and Geographic Regions (Tables)	6 Months Ended
	Jun. 30, 2023
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 are presented below (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 574 $ 1,049 $ 747 $ 2,370 Intersegment net revenues (1) — 9 — 9 Segment net revenues $ 574 $ 1,058 $ 747 $ 2,379 Segment operating income $ 167 $ 409 $ 266 $ 842 Three Months Ended June 30, 2022 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 490 $ 390 $ 684 $ 1,564 Intersegment net revenues (1) — 11 — 11 Segment net revenues $ 490 $ 401 $ 684 $ 1,575 Segment operating income $ 92 $ 94 $ 271 $ 457 Six Months Ended June 30, 2023 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 1,154 $ 1,484 $ 1,486 $ 4,124 Intersegment net revenues (1) — 17 — 17 Segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 4,141 Segment operating income $ 346 $ 466 $ 507 $ 1,319 Six Months Ended June 30, 2022 Activision Blizzard King Total Segment Revenues Net revenues from external customers $ 943 $ 655 $ 1,366 $ 2,964 Intersegment net revenues (1) — 20 — 20 Segment net revenues $ 943 $ 675 $ 1,366 $ 2,984 Segment operating income $ 151 $ 148 $ 514 $ 813 (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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Reconciliation to consolidated net revenues: Segment net revenues $ 2,379 $ 1,575 $ 4,141 $ 2,984 Revenues from non-reportable segments (1) 91 73 192 155 Net effect from recognition (deferral) of deferred net revenues (2) (254) 7 274 293 Elimination of intersegment revenues (3) (9) (11) (17) (20) Consolidated net revenues $ 2,207 $ 1,644 $ 4,590 $ 3,412 Reconciliation to consolidated income before income tax expense: Segment operating income $ 842 $ 457 $ 1,319 $ 813 Operating income (loss) from non-reportable segments (1) 24 (5) 30 14 Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2) (162) 1 308 236 Share-based compensation expense (4) (102) (100) (226) (199) Amortization of intangible assets (5) — (2) (4) (4) Restructuring and related costs (6) — 3 — 5 Partnership wind down and related costs (7) 2 — (2) — Merger and acquisition-related fees and other expenses (8) (21) (16) (42) (48) Consolidated operating income 583 338 1,383 817 Interest expense from debt 27 27 54 54 Other (income) expense, net (168) (10) (290) (23) Consolidated income before income tax expense $ 724 $ 321 $ 1,619 $ 786 (1) Includes other income and expenses outside of our reportable segments, including our Distribution business and 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 expenses related to share-based compensation. (5) Reflects amortization of intangible assets from purchase price accounting. (6) Reflects restructuring initiatives. (7) Reflects expenses related to the wind down of our partnership with NetEase, Inc. in Mainland China in regards to licenses covering the publication of several Blizzard titles which expired in January 2023. (8) Reflects fees and other expenses related to our proposed transaction with Microsoft, which primarily consist of legal and advisory fees.
Schedule of Net Revenues by Distribution Channels	Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s net revenues, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 764 $ 510 $ 747 $ — $ (9) $ 2,012 Retail channels 75 6 — — — 81 Other (2) 5 11 — 98 — 114 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Digital online channels (1) $ (208) $ 490 $ — $ — $ — $ 282 Retail channels (62) 41 — — — (21) Other (2) — — — (7) — (7) Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Digital online channels (1) $ 556 $ 1,000 $ 747 $ — $ (9) $ 2,294 Retail channels 13 47 — — — 60 Other (2) 5 11 — 91 — 107 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 527 $ 273 $ 685 $ — $ (11) $ 1,474 Retail channels 62 3 — — — 65 Other (2) 11 20 — 74 — 105 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Digital online channels (1) $ (59) $ 104 $ (1) $ — $ — $ 44 Retail channels (51) 1 — — — (50) Other (2) — — — (1) — (1) Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Digital online channels (1) $ 468 $ 377 $ 684 $ — $ (11) $ 1,518 Retail channels 11 4 — — — 15 Other (2) 11 20 — 73 — 104 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 1,666 $ 1,034 $ 1,485 $ — $ (17) $ 4,168 Retail channels 177 8 — — — 185 Other (2) 11 15 — 211 — 237 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Digital online channels (1) $ (570) $ 404 $ 1 $ — $ — $ (165) Retail channels (130) 40 — — — (90) Other (2) — — — (19) — (19) Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Digital online channels (1) $ 1,096 $ 1,438 $ 1,486 $ — $ (17) $ 4,003 Retail channels 47 48 — — — 95 Other (2) 11 15 — 192 — 218 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by distribution channel: Digital online channels (1) $ 1,142 $ 574 $ 1,367 $ — $ (20) $ 3,063 Retail channels 146 5 — — — 151 Other (2) 22 22 — 154 — 198 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Digital online channels (1) $ (250) $ 73 $ (1) $ — $ — $ (178) Retail channels (117) 2 — — — (115) Other (2) — (1) — 1 — — Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Digital online channels (1) $ 892 $ 647 $ 1,366 $ — $ (20) $ 2,885 Retail channels 29 7 — — — 36 Other (2) 22 21 — 155 — 198 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (1) Net revenues from “Digital online channels” include revenues from digitally-distributed downloadable content, microtransactions, subscriptions, and products, as well as licensing royalties. (2) Net revenues from “Other” primarily 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 from External Customers 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, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 545 $ 268 $ 469 $ 1 $ (5) $ 1,278 EMEA (1) 215 159 192 97 (3) 660 Asia Pacific 84 100 86 — (1) 269 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Americas $ (174) $ 247 $ (1) $ — $ — $ 72 EMEA (1) (80) 153 1 (7) — 67 Asia Pacific (16) 131 — — — 115 Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Americas $ 371 $ 515 $ 468 $ 1 $ (5) $ 1,350 EMEA (1) 135 312 193 90 (3) 727 Asia Pacific 68 231 86 — (1) 384 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 396 $ 147 $ 446 $ — $ (7) $ 982 EMEA (1) 147 89 163 74 (3) 470 Asia Pacific 57 60 76 — (1) 192 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Americas $ (61) $ 52 $ (1) $ — $ — $ (10) EMEA (1) (44) 25 (1) (1) — (21) Asia Pacific (5) 28 1 — — 24 Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Americas $ 335 $ 199 $ 445 $ — $ (7) $ 972 EMEA (1) 103 114 162 73 (3) 449 Asia Pacific 52 88 77 — (1) 216 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 1,197 $ 525 $ 942 $ 3 $ (11) $ 2,656 EMEA (1) 471 311 374 208 (5) 1,359 Asia Pacific 186 221 169 — (1) 575 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Americas $ (453) $ 203 $ — $ (1) $ — $ (251) EMEA (1) (205) 126 — (18) — (97) Asia Pacific (42) 115 1 — — 74 Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Americas $ 744 $ 728 $ 942 $ 2 $ (11) $ 2,405 EMEA (1) 266 437 374 190 (5) 1,262 Asia Pacific 144 336 170 — (1) 649 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (2) Total Net revenues by geographic region: Americas $ 856 $ 273 $ 883 $ — $ (13) $ 1,999 EMEA (1) 331 183 333 154 (5) 996 Asia Pacific 123 145 151 — (2) 417 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Americas $ (226) $ 40 $ — $ — $ — $ (186) EMEA (1) (124) 13 (1) 1 — (111) Asia Pacific (17) 21 — — — 4 Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Americas $ 630 $ 313 $ 883 $ — $ (13) $ 1,813 EMEA (1) 207 196 332 155 (5) 885 Asia Pacific 106 166 151 — (2) 421 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (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, were as follows (amounts in millions): Three Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 492 $ 64 $ — $ — $ — $ 556 PC 204 381 18 — (9) 594 Mobile and ancillary (1) 143 71 729 — — 943 Other (2) 5 11 — 98 — 114 Total consolidated net revenues $ 844 $ 527 $ 747 $ 98 $ (9) $ 2,207 Change in deferred revenues: Console $ (174) $ 200 $ — $ — $ — $ 26 PC (90) 336 — — — 246 Mobile and ancillary (1) (6) (5) — — — (11) Other (2) — — — (7) — (7) Total change in deferred revenues $ (270) $ 531 $ — $ (7) $ — $ 254 Segment net revenues: Console $ 318 $ 264 $ — $ — $ — $ 582 PC 114 717 18 — (9) 840 Mobile and ancillary (1) 137 66 729 — — 932 Other (2) 5 11 — 91 — 107 Total segment net revenues $ 574 $ 1,058 $ 747 $ 91 $ (9) $ 2,461 Three Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 357 $ 19 $ — $ — $ — $ 376 PC 97 229 17 — (11) 332 Mobile and ancillary (1) 135 28 668 — — 831 Other (2) 11 20 — 74 — 105 Total consolidated net revenues $ 600 $ 296 $ 685 $ 74 $ (11) $ 1,644 Change in deferred revenues: Console $ (100) $ 3 $ — $ — $ — $ (97) PC (15) 40 — — — 25 Mobile and ancillary (1) 5 62 (1) — — 66 Other (2) — — — (1) — (1) Total change in deferred revenues $ (110) $ 105 $ (1) $ (1) $ — $ (7) Segment net revenues: Console $ 257 $ 22 $ — $ — $ — $ 279 PC 82 269 17 — (11) 357 Mobile and ancillary (1) 140 90 667 — — 897 Other (2) 11 20 — 73 — 104 Total segment net revenues $ 490 $ 401 $ 684 $ 73 $ (11) $ 1,637 Six Months Ended June 30, 2023 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 1,089 $ 105 $ — $ — $ — $ 1,194 PC 473 767 36 — (17) 1,259 Mobile and ancillary (1) 281 170 1,449 — — 1,900 Other (2) 11 15 — 211 — 237 Total consolidated net revenues $ 1,854 $ 1,057 $ 1,485 $ 211 $ (17) $ 4,590 Change in deferred revenues: Console $ (452) $ 197 $ — $ — $ — $ (255) PC (241) 284 — — — 43 Mobile and ancillary (1) (7) (37) 1 — — (43) Other (2) — — — (19) — (19) Total change in deferred revenues $ (700) $ 444 $ 1 $ (19) $ — $ (274) Segment net revenues: Console $ 637 $ 302 $ — $ — $ — $ 939 PC 232 1,051 36 — (17) 1,302 Mobile and ancillary (1) 274 133 1,450 — — 1,857 Other (2) 11 15 — 192 — 218 Total segment net revenues $ 1,154 $ 1,501 $ 1,486 $ 192 $ (17) $ 4,316 Six Months Ended June 30, 2022 Activision Blizzard King Non-reportable segments Elimination of intersegment revenues (3) Total Net revenues by platform: Console $ 816 $ 43 $ — $ — $ — $ 859 PC 221 481 34 — (20) 716 Mobile and ancillary (1) 251 55 1,333 — — 1,639 Other (2) 22 22 — 154 — 198 Total consolidated net revenues $ 1,310 $ 601 $ 1,367 $ 154 $ (20) $ 3,412 Change in deferred revenues: Console $ (315) $ (2) $ — $ — $ — $ (317) PC (77) 22 — — — (55) Mobile and ancillary (1) 25 55 (1) — — 79 Other (2) — (1) — 1 — — Total change in deferred revenues $ (367) $ 74 $ (1) $ 1 $ — $ (293) Segment net revenues: Console $ 501 $ 41 $ — $ — $ — $ 542 PC 144 503 34 — (20) 661 Mobile and ancillary (1) 276 110 1,332 — — 1,718 Other (2) 22 21 — 155 — 198 Total segment net revenues $ 943 $ 675 $ 1,366 $ 155 $ (20) $ 3,119 (1) Net revenues from “Mobile and ancillary” primarily include revenues from mobile devices. (2) Net revenues from “Other” primarily 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 June 30, 2023 At December 31, 2022 Long-lived assets* by geographic region: Americas $ 277 $ 279 EMEA 98 103 Asia Pacific 20 21 Total long-lived assets by geographic region $ 395 $ 403 * 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 lease right-of-use assets. All other long-term assets are not allocated by location.

Share-Based Payments (Tables)

Share-Based Payments (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Stock option activity is as follows: Number of shares (in thousands) Weighted-average Weighted-average Aggregate Outstanding stock options at December 31, 2022 7,861 $ 58.85 Granted — — Exercised (490) 50.95 Forfeited (94) 88.40 Expired (37) 78.63 Outstanding stock options at June 30, 2023 7,240 $ 58.90 5.34 $ 189 Vested and expected to vest at June 30, 2023 7,188 $ 58.70 5.32 $ 189 Exercisable at June 30, 2023 6,523 $ 55.94 5.09 $ 188
Schedule of Restricted Stock Units Activity	The following table summarizes our RSU activity with performance-based RSUs, including those with market conditions, presented at 100% of the target level shares that may potentially vest (amounts in thousands, except per share data): Number of shares Weighted- Unvested RSUs at December 31, 2022 13,754 $ 74.53 Granted 1,924 78.64 Vested (3,370) 76.90 Forfeited (533) 78.40 Unvested RSUs at June 30, 2023 11,775 $ 74.36

Other (Income) Expense, Net (Ta

Other (Income) Expense, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other (Income) Expense, Net	Other (income) expense, net is comprised of the following (amounts in millions): For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Interest income $ (147) $ (17) $ (272) $ (18) Realized and unrealized (gain) loss on equity investment (15) 7 (13) (4) Other (income) expense (6) — (5) (1) Other (income) expense, net $ (168) $ (10) $ (290) $ (23)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and 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 June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Consolidated net income $ 587 $ 280 $ 1,328 $ 675 Denominator: Denominator for basic earnings per common share—weighted-average common shares outstanding 786 782 785 781 Effect of dilutive stock options and awards under the treasury stock method 8 6 8 6 Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method 794 788 793 787 Basic earnings per common share $ 0.75 $ 0.36 $ 1.69 $ 0.86 Diluted earnings per common share $ 0.74 $ 0.36 $ 1.67 $ 0.86

Description of Business and B_3

Description of Business and Basis of Consolidation and Presentation - Merger Agreement (Details) $ / shares in Units, $ in Millions		6 Months Ended
	Jul. 18, 2023 USD ($) $ / shares	Jun. 30, 2023 segment $ / shares	Oct. 18, 2023 USD ($)	Dec. 31, 2022 $ / shares	Jan. 18, 2022 $ / shares
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) | $ / shares		$ 0.000001		$ 0.000001
Number of reportable segments | segment		3
Activision Blizzard Inc. | Subsequent Events
Business Acquisition [Line Items]
Common stock, dividends, maximum amount authorized per share (in usd per share) | $ / shares	$ 0.99
Activision Blizzard Inc. | Forecast
Business Acquisition [Line Items]
Merger agreement, maximum offset to payments owed per period | $			$ 250
Merger agreement, offset to payments owed, term			12 months
Activision Blizzard Inc. | Microsoft Corporation
Business Acquisition [Line Items]
Business acquisition, share price (in dollars per share) | $ / shares					$ 95
Common stock, par value (in dollars per share) | $ / shares					$ 0.000001
Activision Blizzard Inc. | Microsoft Corporation | Subsequent Events
Business Acquisition [Line Items]
Termination fee, scenario one | $	$ 3,000
Termination fee, scenario two | $	3,500
Termination fee, scenario three | $	$ 4,500
Activision Blizzard Inc. | Microsoft Corporation | Forecast
Business Acquisition [Line Items]
Merger agreement, proceeds payable, percentage			1

Held-to-Maturity Investments -

Held-to-Maturity Investments - Summary of Debt Securities, Held-to-Maturity (Details) - U.S. treasuries and government agency securities - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 2,956	$ 4,932
Gross Unrealized Gains	1	1
Gross Unrealized losses	0	(3)
Estimated Fair Value (Level 1)	$ 2,957	$ 4,930

Held-to-Maturity Investments _2

Held-to-Maturity Investments - Additional Information (Details) $ in Millions	Jun. 30, 2023 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Held-to-maturity investments, term	12 months
Cash and cash equivalents
Schedule of Held-to-Maturity Securities [Line Items]
Estimated Fair Value (Level 1)	$ 642

Software Development (Details)

Software Development (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Software development:
Software development costs	$ 1,400		$ 1,400		$ 1,300
Amortization:
Amortization of capitalized software development costs	$ 133	$ 60	$ 258	$ 139

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 9,873	$ 6,694
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	9,869	6,688
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	6
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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 and Nonrecurring Basis [Line Items]
Total assets at fair value	9,807	6,639
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 and Nonrecurring Basis [Line Items]
Total assets at fair value	9,807	6,639
Cash and cash equivalents | Significant Other Observable Inputs (Level 2) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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 and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	62	49
Other current assets | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	6
Other current assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	62	49
Other current assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | Significant Other Observable Inputs (Level 2) | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | Significant Other Observable Inputs (Level 2) | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	6
Other current assets | Significant Unobservable Inputs (Level 3) | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets | Significant Unobservable Inputs (Level 3) | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Accrued expenses and other liabilities | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	(10)	(6)
Accrued expenses and other liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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 designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	(10)	(6)
Accrued expenses and other liabilities | Significant Unobservable Inputs (Level 3) | Foreign currency forward contracts designated as hedges | Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	$ 0	$ 0

Fair Value Measurements - Forei

Fair Value Measurements - Foreign Currency Forward Contracts (Details) - Foreign currency forward contracts designated as hedges - Cash Flow Hedging - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Foreign currency forward contracts designated as hedges
Derivatives, Fair Value [Line Items]
Maximum length of time over which our foreign currency forward contracts mature	12 months
Buy USD, Sell EUR
Derivatives, Fair Value [Line Items]
Notional amount	$ 632	$ 509
Fair value gain (loss)	(5)	0
Buy USD, Sell GBP
Derivatives, Fair Value [Line Items]
Notional amount	107	0
Fair value gain (loss)	(1)	0
Buy USD, Sell AUD
Derivatives, Fair Value [Line Items]
Notional amount	31	0
Fair value gain (loss)	1	0
Buy USD, Sell CAD
Derivatives, Fair Value [Line Items]
Notional amount	55	0
Fair value gain (loss)	$ (1)	$ 0

Deferred Revenues (Details)

Deferred Revenues (Details) - USD ($) $ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenues	$ 1.9		$ 1.9		$ 2.1
Revenue recognized included in beginning deferred revenue	$ 1.9	$ 0.3	$ 0.6	$ 1

Deferred Revenues - Remaining P

Deferred Revenues - Remaining Performance Obligation (Details) $ in Billions	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue	$ 2.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue	$ 2
Contracted not recognized revenue, period	12 months

Debt - Credit Facilities (Detai

Debt - Credit Facilities (Details) - Revolving Credit Facility - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,500,000,000	$ 1,500,000,000
Line of Credit | Credit Agreement as Amended
Debt Instrument [Line Items]
Amount drawn on the revolver	$ 0

Debt - Unsecured Senior Notes (

Debt - Unsecured Senior Notes (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total gross long-term debt	$ 3,650	$ 3,650
Unamortized discount and deferred financing costs	(38)	(39)
Total net carrying amount	$ 3,612	$ 3,611
Unsecured Notes | 2026 Notes
Debt Instrument [Line Items]
Interest Rate	3.40%	3.40%
Total gross long-term debt	$ 850	$ 850
Unsecured Notes | 2026 Notes | Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 811	$ 810
Unsecured Notes | 2027 Notes
Debt Instrument [Line Items]
Interest Rate	3.40%	3.40%
Total gross long-term debt	$ 400	$ 400
Unsecured Notes | 2027 Notes | Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 379	$ 378
Unsecured Notes | 2030 Notes
Debt Instrument [Line Items]
Interest Rate	1.35%	1.35%
Total gross long-term debt	$ 500	$ 500
Unsecured Notes | 2030 Notes | Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 401	$ 391
Unsecured Notes | 2047 Notes
Debt Instrument [Line Items]
Interest Rate	4.50%	4.50%
Total gross long-term debt	$ 400	$ 400
Unsecured Notes | 2047 Notes | Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 369	$ 353
Unsecured Notes | 2050 Notes
Debt Instrument [Line Items]
Interest Rate	2.50%	2.50%
Total gross long-term debt	$ 1,500	$ 1,500
Unsecured Notes | 2050 Notes | Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 965	$ 936

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 19,243	$ 17,599
Other comprehensive income (loss) before reclassifications	11	7
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(17)	(20)
Ending balance	20,793	18,248
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(636)	(606)
Other comprehensive income (loss) before reclassifications	14	(27)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	0	0
Ending balance	(622)	(633)
Unrealized gain (loss) on available-for- sale securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		3
Other comprehensive income (loss) before reclassifications		7
Amounts reclassified from accumulated other comprehensive income (loss) into earnings		(2)
Ending balance		8
Unrealized gain (loss) on forward contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11	25
Other comprehensive income (loss) before reclassifications	(3)	27
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(17)	(18)
Ending balance	(9)	34
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(625)	(578)
Ending balance	$ (631)	$ (591)

Operating Segments and Geogra_3

Operating Segments and Geographic Regions - Additional Information (Details) - segment	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Number of reportable segments			3
US | Revenues | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of concentration risk	50%	52%	51%	51%
UK | Revenues | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of concentration risk	10%	10%	10%	10%

Operating Segments and Geogra_4

Operating Segments and Geographic Regions - Summary of Reportable Segment Net Revenues and Operating Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Segment net revenues	$ 2,461	$ 1,637	$ 4,316	$ 3,119
Segment operating income	583	338	1,383	817
Net effect from recognition (deferral) of deferred net revenues	254	(7)	(274)	(293)
Total net revenues	2,207	1,644	4,590	3,412
Interest expense from debt	27	27	54	54
Other (income) expense, net	(168)	(10)	(290)	(23)
Income before income tax expense	724	321	1,619	786
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	2,379	1,575	4,141	2,984
Segment operating income	842	457	1,319	813
Reportable segments | Activision
Segment Reporting Information [Line Items]
Segment net revenues	574	490	1,154	943
Segment operating income	167	92	346	151
Net effect from recognition (deferral) of deferred net revenues	(270)	(110)	(700)	(367)
Total net revenues	844	600	1,854	1,310
Reportable segments | Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	1,058	401	1,501	675
Segment operating income	409	94	466	148
Net effect from recognition (deferral) of deferred net revenues	531	105	444	74
Total net revenues	527	296	1,057	601
Reportable segments | King
Segment Reporting Information [Line Items]
Segment net revenues	747	684	1,486	1,366
Segment operating income	266	271	507	514
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Total net revenues	747	685	1,485	1,367
Reportable segments | Net revenues from external customers
Segment Reporting Information [Line Items]
Segment net revenues	2,370	1,564	4,124	2,964
Reportable segments | Net revenues from external customers | Activision
Segment Reporting Information [Line Items]
Segment net revenues	574	490	1,154	943
Reportable segments | Net revenues from external customers | Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	1,049	390	1,484	655
Reportable segments | Net revenues from external customers | King
Segment Reporting Information [Line Items]
Segment net revenues	747	684	1,486	1,366
Reportable segments | Intersegment net revenues
Segment Reporting Information [Line Items]
Segment net revenues	9	11	17	20
Reportable segments | Intersegment net revenues | Activision
Segment Reporting Information [Line Items]
Segment net revenues	0	0	0	0
Reportable segments | Intersegment net revenues | Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	9	11	17	20
Reportable segments | Intersegment net revenues | King
Segment Reporting Information [Line Items]
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	91	73	192	155
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Total net revenues	98	74	211	154
Reconciliation items
Segment Reporting Information [Line Items]
Net effect from recognition (deferral) of deferred net revenues	(254)	7	274	293
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues	(162)	1	308	236
Share-based compensation expense	(102)	(100)	(226)	(199)
Amortization of intangible assets	0	(2)	(4)	(4)
Restructuring and related costs	0	3	0	5
Partnership wind down and related costs	2	0	(2)	0
Merger and acquisition-related fees and other expenses	(21)	(16)	(42)	(48)
Reconciliation items | Other segments
Segment Reporting Information [Line Items]
Segment operating income	24	(5)	30	14
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Segment net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Total net revenues	$ (9)	$ (11)	$ (17)	$ (20)

Operating Segments and Geogra_5

Operating Segments and Geographic Regions - Schedule of Net Revenues by Distribution Channels (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 2,207	$ 1,644	$ 4,590	$ 3,412
Net effect from recognition (deferral) of deferred net revenues	254	(7)	(274)	(293)
Segment net revenues	2,461	1,637	4,316	3,119
Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	2,012	1,474	4,168	3,063
Net effect from recognition (deferral) of deferred net revenues	282	44	(165)	(178)
Segment net revenues	2,294	1,518	4,003	2,885
Retail channels
Segment Reporting Information [Line Items]
Total net revenues	81	65	185	151
Net effect from recognition (deferral) of deferred net revenues	(21)	(50)	(90)	(115)
Segment net revenues	60	15	95	36
Other
Segment Reporting Information [Line Items]
Total net revenues	114	105	237	198
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	0
Segment net revenues	107	104	218	198
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	2,379	1,575	4,141	2,984
Reportable segments | Activision
Segment Reporting Information [Line Items]
Total net revenues	844	600	1,854	1,310
Net effect from recognition (deferral) of deferred net revenues	(270)	(110)	(700)	(367)
Segment net revenues	574	490	1,154	943
Reportable segments | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	527	296	1,057	601
Net effect from recognition (deferral) of deferred net revenues	531	105	444	74
Segment net revenues	1,058	401	1,501	675
Reportable segments | King
Segment Reporting Information [Line Items]
Total net revenues	747	685	1,485	1,367
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Segment net revenues	747	684	1,486	1,366
Reportable segments | Digital online channels | Activision
Segment Reporting Information [Line Items]
Total net revenues	764	527	1,666	1,142
Net effect from recognition (deferral) of deferred net revenues	(208)	(59)	(570)	(250)
Segment net revenues	556	468	1,096	892
Reportable segments | Digital online channels | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	510	273	1,034	574
Net effect from recognition (deferral) of deferred net revenues	490	104	404	73
Segment net revenues	1,000	377	1,438	647
Reportable segments | Digital online channels | King
Segment Reporting Information [Line Items]
Total net revenues	747	685	1,485	1,367
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Segment net revenues	747	684	1,486	1,366
Reportable segments | Retail channels | Activision
Segment Reporting Information [Line Items]
Total net revenues	75	62	177	146
Net effect from recognition (deferral) of deferred net revenues	(62)	(51)	(130)	(117)
Segment net revenues	13	11	47	29
Reportable segments | Retail channels | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	6	3	8	5
Net effect from recognition (deferral) of deferred net revenues	41	1	40	2
Segment net revenues	47	4	48	7
Reportable segments | Retail channels | King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Reportable segments | Other | Activision
Segment Reporting Information [Line Items]
Total net revenues	5	11	11	22
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	5	11	11	22
Reportable segments | Other | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	11	20	15	22
Net effect from recognition (deferral) of deferred net revenues	0	0	0	(1)
Segment net revenues	11	20	15	21
Reportable segments | Other | King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	98	74	211	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Segment net revenues	91	73	192	155
Non-reportable segments | Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments | Retail channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments | Other
Segment Reporting Information [Line Items]
Total net revenues	98	74	211	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Segment net revenues	91	73	192	155
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(11)	(17)	(20)
Elimination of intersegment revenues | Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(11)	(17)	(20)
Elimination of intersegment revenues | Retail channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues | Other
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ 0	$ 0	$ 0	$ 0

Operating Segments and Geogra_6

Operating Segments and Geographic Regions - Schedule of Net Revenues from External Customers by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 2,207	$ 1,644	$ 4,590	$ 3,412
Net effect from recognition (deferral) of deferred net revenues	254	(7)	(274)	(293)
Segment net revenues	2,461	1,637	4,316	3,119
Americas
Segment Reporting Information [Line Items]
Total net revenues	1,278	982	2,656	1,999
Net effect from recognition (deferral) of deferred net revenues	72	(10)	(251)	(186)
Segment net revenues	1,350	972	2,405	1,813
EMEA
Segment Reporting Information [Line Items]
Total net revenues	660	470	1,359	996
Net effect from recognition (deferral) of deferred net revenues	67	(21)	(97)	(111)
Segment net revenues	727	449	1,262	885
Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	269	192	575	417
Net effect from recognition (deferral) of deferred net revenues	115	24	74	4
Segment net revenues	384	216	649	421
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	2,379	1,575	4,141	2,984
Reportable segments | Activision
Segment Reporting Information [Line Items]
Total net revenues	844	600	1,854	1,310
Net effect from recognition (deferral) of deferred net revenues	(270)	(110)	(700)	(367)
Segment net revenues	574	490	1,154	943
Reportable segments | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	527	296	1,057	601
Net effect from recognition (deferral) of deferred net revenues	531	105	444	74
Segment net revenues	1,058	401	1,501	675
Reportable segments | King
Segment Reporting Information [Line Items]
Total net revenues	747	685	1,485	1,367
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Segment net revenues	747	684	1,486	1,366
Reportable segments | Americas | Activision
Segment Reporting Information [Line Items]
Total net revenues	545	396	1,197	856
Net effect from recognition (deferral) of deferred net revenues	(174)	(61)	(453)	(226)
Segment net revenues	371	335	744	630
Reportable segments | Americas | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	268	147	525	273
Net effect from recognition (deferral) of deferred net revenues	247	52	203	40
Segment net revenues	515	199	728	313
Reportable segments | Americas | King
Segment Reporting Information [Line Items]
Total net revenues	469	446	942	883
Net effect from recognition (deferral) of deferred net revenues	(1)	(1)	0	0
Segment net revenues	468	445	942	883
Reportable segments | EMEA | Activision
Segment Reporting Information [Line Items]
Total net revenues	215	147	471	331
Net effect from recognition (deferral) of deferred net revenues	(80)	(44)	(205)	(124)
Segment net revenues	135	103	266	207
Reportable segments | EMEA | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	159	89	311	183
Net effect from recognition (deferral) of deferred net revenues	153	25	126	13
Segment net revenues	312	114	437	196
Reportable segments | EMEA | King
Segment Reporting Information [Line Items]
Total net revenues	192	163	374	333
Net effect from recognition (deferral) of deferred net revenues	1	(1)	0	(1)
Segment net revenues	193	162	374	332
Reportable segments | Asia Pacific | Activision
Segment Reporting Information [Line Items]
Total net revenues	84	57	186	123
Net effect from recognition (deferral) of deferred net revenues	(16)	(5)	(42)	(17)
Segment net revenues	68	52	144	106
Reportable segments | Asia Pacific | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	100	60	221	145
Net effect from recognition (deferral) of deferred net revenues	131	28	115	21
Segment net revenues	231	88	336	166
Reportable segments | Asia Pacific | King
Segment Reporting Information [Line Items]
Total net revenues	86	76	169	151
Net effect from recognition (deferral) of deferred net revenues	0	1	1	0
Segment net revenues	86	77	170	151
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	98	74	211	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Segment net revenues	91	73	192	155
Non-reportable segments | Americas
Segment Reporting Information [Line Items]
Total net revenues	1	0	3	0
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	0
Segment net revenues	1	0	2	0
Non-reportable segments | EMEA
Segment Reporting Information [Line Items]
Total net revenues	97	74	208	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(18)	1
Segment net revenues	90	73	190	155
Non-reportable segments | Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(11)	(17)	(20)
Elimination of intersegment revenues | Americas
Segment Reporting Information [Line Items]
Total net revenues	(5)	(7)	(11)	(13)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(5)	(7)	(11)	(13)
Elimination of intersegment revenues | EMEA
Segment Reporting Information [Line Items]
Total net revenues	(3)	(3)	(5)	(5)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(3)	(3)	(5)	(5)
Elimination of intersegment revenues | Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	(1)	(1)	(1)	(2)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ (1)	$ (1)	$ (1)	$ (2)

Operating Segments and Geogra_7

Operating Segments and Geographic Regions - Schedule of Net Revenues by Platform (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 2,207	$ 1,644	$ 4,590	$ 3,412
Net effect from recognition (deferral) of deferred net revenues	254	(7)	(274)	(293)
Segment net revenues	2,461	1,637	4,316	3,119
Console
Segment Reporting Information [Line Items]
Total net revenues	556	376	1,194	859
Net effect from recognition (deferral) of deferred net revenues	26	(97)	(255)	(317)
Segment net revenues	582	279	939	542
PC
Segment Reporting Information [Line Items]
Total net revenues	594	332	1,259	716
Net effect from recognition (deferral) of deferred net revenues	246	25	43	(55)
Segment net revenues	840	357	1,302	661
Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	943	831	1,900	1,639
Net effect from recognition (deferral) of deferred net revenues	(11)	66	(43)	79
Segment net revenues	932	897	1,857	1,718
Other
Segment Reporting Information [Line Items]
Total net revenues	114	105	237	198
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	0
Segment net revenues	107	104	218	198
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	2,379	1,575	4,141	2,984
Reportable segments | Activision
Segment Reporting Information [Line Items]
Total net revenues	844	600	1,854	1,310
Net effect from recognition (deferral) of deferred net revenues	(270)	(110)	(700)	(367)
Segment net revenues	574	490	1,154	943
Reportable segments | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	527	296	1,057	601
Net effect from recognition (deferral) of deferred net revenues	531	105	444	74
Segment net revenues	1,058	401	1,501	675
Reportable segments | King
Segment Reporting Information [Line Items]
Total net revenues	747	685	1,485	1,367
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Segment net revenues	747	684	1,486	1,366
Reportable segments | Console | Activision
Segment Reporting Information [Line Items]
Total net revenues	492	357	1,089	816
Net effect from recognition (deferral) of deferred net revenues	(174)	(100)	(452)	(315)
Segment net revenues	318	257	637	501
Reportable segments | Console | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	64	19	105	43
Net effect from recognition (deferral) of deferred net revenues	200	3	197	(2)
Segment net revenues	264	22	302	41
Reportable segments | Console | King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Reportable segments | PC | Activision
Segment Reporting Information [Line Items]
Total net revenues	204	97	473	221
Net effect from recognition (deferral) of deferred net revenues	(90)	(15)	(241)	(77)
Segment net revenues	114	82	232	144
Reportable segments | PC | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	381	229	767	481
Net effect from recognition (deferral) of deferred net revenues	336	40	284	22
Segment net revenues	717	269	1,051	503
Reportable segments | PC | King
Segment Reporting Information [Line Items]
Total net revenues	18	17	36	34
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	18	17	36	34
Reportable segments | Mobile and ancillary | Activision
Segment Reporting Information [Line Items]
Total net revenues	143	135	281	251
Net effect from recognition (deferral) of deferred net revenues	(6)	5	(7)	25
Segment net revenues	137	140	274	276
Reportable segments | Mobile and ancillary | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	71	28	170	55
Net effect from recognition (deferral) of deferred net revenues	(5)	62	(37)	55
Segment net revenues	66	90	133	110
Reportable segments | Mobile and ancillary | King
Segment Reporting Information [Line Items]
Total net revenues	729	668	1,449	1,333
Net effect from recognition (deferral) of deferred net revenues	0	(1)	1	(1)
Segment net revenues	729	667	1,450	1,332
Reportable segments | Other | Activision
Segment Reporting Information [Line Items]
Total net revenues	5	11	11	22
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	5	11	11	22
Reportable segments | Other | Blizzard
Segment Reporting Information [Line Items]
Total net revenues	11	20	15	22
Net effect from recognition (deferral) of deferred net revenues	0	0	0	(1)
Segment net revenues	11	20	15	21
Reportable segments | Other | King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	98	74	211	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Segment net revenues	91	73	192	155
Non-reportable segments | Console
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments | PC
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments | Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments | Other
Segment Reporting Information [Line Items]
Total net revenues	98	74	211	154
Net effect from recognition (deferral) of deferred net revenues	(7)	(1)	(19)	1
Segment net revenues	91	73	192	155
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(11)	(17)	(20)
Elimination of intersegment revenues | Console
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues | PC
Segment Reporting Information [Line Items]
Total net revenues	(9)	(11)	(17)	(20)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(11)	(17)	(20)
Elimination of intersegment revenues | Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues | Other
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ 0	$ 0	$ 0	$ 0

Operating Segments and Geogra_8

Operating Segments and Geographic Regions - Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Long-lived assets	$ 395	$ 403
Americas
Segment Reporting Information [Line Items]
Long-lived assets	277	279
EMEA
Segment Reporting Information [Line Items]
Long-lived assets	98	103
Asia Pacific
Segment Reporting Information [Line Items]
Long-lived assets	$ 20	$ 21

Share-Based Payments - Narrativ

Share-Based Payments - Narrative (Details) - Restricted Stock Units (RSUs) - USD ($) shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock rights, granted upon settlement (in shares)	1,188	2,777
Share-based compensation, unrecognized compensation	$ 329
Share-based compensation, unrecognized compensation weighted-average period of recognition	1 year 2 months 4 days

Share-Based Payments - Stock Op

Share-Based Payments - Stock Option Activities (Details) - Stock Option Plan $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Stock option activity, shares
Stock options at the beginning of the period (in shares) | shares	7,861
Stock options, granted (in shares) | shares	0
Stock options, exercised (in shares) | shares	(490)
Stock options, forfeited (in shares) | shares	(94)
Stock options, expired (in shares) | shares	(37)
Stock options at the end of the period (in shares) | shares	7,240
Stock options, vested and expected to vest (in shares) | shares	7,188
Stock options, exercisable (in shares) | shares	6,523
Weighted-average exercise price per stock option
Stock options, weighted-average strike price at the beginning of the period (in dollars per share) | $ / shares	$ 58.85
Stock options, weighted-average exercise price, granted (in dollars per share) | $ / shares	0
Stock options, weighted-average exercise price, exercised (in dollars per share) | $ / shares	50.95
Stock options, weighted-average exercise price, forfeited (in dollars per share) | $ / shares	88.40
Stock options, weighted-average exercise price, expired (in dollars per share) | $ / shares	78.63
Stock options, weighted-average strike price at the end of the period (in dollars per share) | $ / shares	58.90
Stock options, weighted-average exercise price, vested and expected to vest (in dollars per share) | $ / shares	58.70
Stock options, weighted-average exercise price, exercisable (in dollars per share) | $ / shares	$ 55.94
Stock options, weighted-average remaining contractual term	5 years 4 months 2 days
Stock options, weighted-average remaining contractual term, vested and expected to vest	5 years 3 months 25 days
Stock options, weighted-average remaining contractual term, exercisable	5 years 1 month 2 days
Stock options, aggregate intrinsic value | $	$ 189
Stock options, aggregate intrinsic value, vested and expected to vest | $	189
Stock options, aggregate intrinsic value, exercisable | $	$ 188

Share-Based Payments - Restrict

Share-Based Payments - Restricted Stock Units and Restricted Stock Awards Activities (Details) - Restricted Stock Units (RSUs) shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Restricted stock rights activity
Restricted stock rights at the beginning of the period (in shares) | shares	13,754
Restricted stock rights, granted (in shares) | shares	1,924
Restricted stock rights, vested (in shares) | shares	(3,370)
Restricted stock rights, forfeited (in shares) | shares	(533)
Restricted stock rights at the end of the period (in shares) | shares	11,775
Restricted stock rights, weighted-average grant date fair value information
Restricted stock rights, weighted-average grant date fair value at the beginning of the period (in dollars per share) | $ / shares	$ 74.53
Restricted stock rights, weighted-average grant date fair value, granted (in dollars per share) | $ / shares	78.64
Restricted stock rights, weighted-average grant date fair value, vested (in dollars per share) | $ / shares	76.90
Restricted stock rights, weighted-average grant date fair value, forfeited (in dollars per share) | $ / shares	78.40
Restricted stock rights, weighted-average grant date fair value at the end of the period (in dollars per share) | $ / shares	$ 74.36

Other (Income) Expense, Net (De

Other (Income) Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Interest income	$ (147)	$ (17)	$ (272)	$ (18)
Realized and unrealized (gain) loss on equity investment	(15)	7	(13)	(4)
Other (income) expense	(6)	0	(5)	(1)
Other (income) expense, net	$ (168)	$ (10)	$ (290)	$ (23)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 137	$ 41	$ 291	$ 111
Effective income tax rate reconciliation, percent	19%	13%	18%	14%

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Consolidated net income	$ 587	$ 740	$ 280	$ 395	$ 1,328	$ 675
Denominator:
Denominator for basic earnings per common share - weighted-average common shares outstanding (in shares)	786		782		785	781
Effect of dilutive stock options and awards under the treasury stock method (in shares)	8		6		8	6
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method (in shares)	794		788		793	787
Basic earnings per common share (in dollars per share)	$ 0.75		$ 0.36		$ 1.69	$ 0.86
Diluted earnings per common share (in dollars per share)	$ 0.74		$ 0.36		$ 1.67	$ 0.86

Capital Transactions (Details)

Capital Transactions (Details) - $ / shares		3 Months Ended
	Jul. 18, 2023	Mar. 31, 2022
Subsequent Event [Line Items]
Dividends per common share (in dollars per share)		$ 0.47
Subsequent Events
Subsequent Event [Line Items]
Dividends per common share (in dollars per share)	$ 0.99

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions		3 Months Ended	6 Months Ended
	Mar. 29, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023
Loss Contingencies [Line Items]
Future minimum commitments		$ 1,400
Future minimum commitments, period		3 years
Long-term purchase commitment, termination fee per participating entity		$ 6
Long-term purchase commitment, termination fee		$ 114
Product Concentration Risk | Revenues | Overwatch League
Loss Contingencies [Line Items]
Percentage of concentration risk			1%
Marketing
Loss Contingencies [Line Items]
Future minimum commitments, percentage		0.60
Developer and Hosting
Loss Contingencies [Line Items]
Future minimum commitments, percentage		0.40
Settled Litigation | EEOC Settlement
Loss Contingencies [Line Items]
Settlement fund for eligible claimants	$ 18