0001166691-22-000039 | 10-Q | XBRL Viewer

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Cover Page	9 Months Ended
Cover Page	Sep. 30, 2022 shares
Document And Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-32871
Entity Registrant Name	COMCAST CORPORATION
Entity Tax Identification Number	27-0000798
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	One Comcast Center
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19103-2838
City Area Code	215
Local Phone Number	286-1700
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
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001166691
Class A Common Stock, $0.01 par value
Document And Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	CMCSA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	4,313,964,319
0.000% Notes due 2026
Document And Entity Information [Line Items]
Title of 12(b) Security	0.000% Notes due 2026
Trading Symbol	CMCS26
Security Exchange Name	NASDAQ
0.250% Notes due 2027
Document And Entity Information [Line Items]
Title of 12(b) Security	0.250% Notes due 2027
Trading Symbol	CMCS27
Security Exchange Name	NASDAQ
1.500% Notes due 2029
Document And Entity Information [Line Items]
Title of 12(b) Security	1.500% Notes due 2029
Trading Symbol	CMCS29
Security Exchange Name	NASDAQ
0.250% Notes due 2029
Document And Entity Information [Line Items]
Title of 12(b) Security	0.250% Notes due 2029
Trading Symbol	CMCS29A
Security Exchange Name	NASDAQ
0.750% Notes due 2032
Document And Entity Information [Line Items]
Title of 12(b) Security	0.750% Notes due 2032
Trading Symbol	CMCS32
Security Exchange Name	NASDAQ
1.875% Notes due 2036
Document And Entity Information [Line Items]
Title of 12(b) Security	1.875% Notes due 2036
Trading Symbol	CMCS36
Security Exchange Name	NASDAQ
1.250% Notes due 2040
Document And Entity Information [Line Items]
Title of 12(b) Security	1.250% Notes due 2040
Trading Symbol	CMCS40
Security Exchange Name	NASDAQ
9.455% Guaranteed Notes due 2022
Document And Entity Information [Line Items]
Title of 12(b) Security	9.455% Guaranteed Notes due 2022
Trading Symbol	CMCSA/22
Security Exchange Name	NYSE
5.50% Notes due 2029
Document And Entity Information [Line Items]
Title of 12(b) Security	5.50% Notes due 2029
Trading Symbol	CCGBP29
Security Exchange Name	NYSE
2.0% Exchangeable Subordinated Debentures due 2029
Document And Entity Information [Line Items]
Title of 12(b) Security	2.0% Exchangeable Subordinated Debentures due 2029
Trading Symbol	CCZ
Security Exchange Name	NYSE
Class B Common Stock
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	9,444,375

Condensed Consolidated Statement of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue	$ 29,849	$ 30,298	$ 90,874	$ 86,049
Costs and Expenses:
Programming and production	8,949	10,395	28,406	28,570
Other operating and administrative	9,344	8,981	27,701	25,799
Advertising, marketing and promotion	2,066	1,995	6,324	5,462
Depreciation	2,150	2,177	6,525	6,407
Amortization	1,183	1,301	3,824	3,815
Goodwill and long-lived asset impairments	8,583	0	8,583	0
Total costs and expenses	32,274	24,848	81,363	70,053
Operating income (loss)	(2,425)	5,450	9,511	15,996
Interest expense	(960)	(1,050)	(2,922)	(3,161)
Investment and other income (loss), net	(266)	766	(975)	2,374
Income (loss) before income taxes	(3,652)	5,166	5,614	15,208
Income tax expense	(1,014)	(1,235)	(3,562)	(4,354)
Net income (loss)	(4,665)	3,931	2,052	10,854
Less: Net income (loss) attributable to noncontrolling interests	(68)	(104)	(295)	(249)
Net income (loss) attributable to Comcast Corporation	$ (4,598)	$ 4,035	$ 2,347	$ 11,102
Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$ (1.05)	$ 0.88	$ 0.53	$ 2.42
Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$ (1.05)	$ 0.86	$ 0.52	$ 2.38

Condensed Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (4,665)	$ 3,931	$ 2,052	$ 10,854
Currency translation adjustments, net of deferred taxes of $15, $231, $304 and $122	(2,464)	(692)	(6,337)	(666)
Cash flow hedges:
Deferred gains (losses), net of deferred taxes of $4, $1, $(34) and $(16)	108	46	401	151
Realized (gains) losses reclassified to net income, net of deferred taxes of $(10), $(7), $(26) and $(7)	(56)	(9)	(118)	(5)
Employee benefit obligations and other, net of deferred taxes of $9, $2, $14 and $7	(29)	(8)	(50)	(25)
Comprehensive income (loss)	(7,106)	3,268	(4,053)	10,309
Less: Net income (loss) attributable to noncontrolling interests	(68)	(104)	(295)	(249)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(56)	2	(68)	11
Comprehensive income (loss) attributable to Comcast Corporation	$ (6,983)	$ 3,370	$ (3,689)	$ 10,546

Condensed Consolidated Statement of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Currency translation adjustments, net of deferred taxes	$ 15	$ 231	$ 304	$ 122
Deferred gains (losses) on cash flow hedges, deferred taxes	4	1	(34)	(16)
Realized (gains) losses on cash flow hedges, deferred taxes	(10)	(7)	(26)	(7)
Employee benefit obligations and other, deferred taxes	$ 9	$ 2	$ 14	$ 7

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net income (loss)	$ 2,052	$ 10,854
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,349	10,222
Goodwill and long-lived asset impairments	8,583	0
Share-based compensation	989	1,019
Noncash interest expense (income), net	234	287
Net (gain) loss on investment activity and other	1,172	(1,953)
Deferred income taxes	(326)	2,087
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Current and noncurrent receivables, net	(574)	(720)
Film and television costs, net	(753)	(541)
Accounts payable and accrued expenses related to trade creditors	152	667
Other operating assets and liabilities	(1,347)	(465)
Net cash provided by operating activities	20,530	21,457
Investing Activities
Capital expenditures	(7,062)	(6,146)
Cash paid for intangible assets	(2,152)	(2,006)
Construction of Universal Beijing Resort	(221)	(825)
Acquisitions, net of cash acquired	(1)	(167)
Proceeds from sales of businesses and investments	1,197	500
Purchases of investments	(2,089)	(122)
Other	170	359
Net cash provided by (used in) investing activities	(10,158)	(8,406)
Financing Activities
Proceeds from borrowings	166	2,515
Repurchases and repayments of debt	(301)	(9,041)
Repurchases of common stock under repurchase program and employee plans	(9,813)	(2,617)
Dividends paid	(3,571)	(3,387)
Other	219	(416)
Net cash provided by (used in) financing activities	(13,299)	(12,946)
Impact of foreign currency on cash, cash equivalents and restricted cash	(122)	(15)
Increase (decrease) in cash, cash equivalents and restricted cash	(3,049)	90
Cash, cash equivalents and restricted cash, beginning of period	8,778	11,768
Cash, cash equivalents and restricted cash, end of period	$ 5,729	$ 11,858

Condensed Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 5,695	$ 8,711
Receivables, net	11,918	12,008
Other current assets	5,803	4,088
Total current assets	23,416	24,807
Film and television costs	12,685	12,806
Investments	7,318	8,082
Investment securing collateralized obligation	539	605
Property and equipment, net of accumulated depreciation of $56,638 and $55,611	53,555	54,047
Goodwill	56,414	70,189
Franchise rights	59,365	59,365
Other intangible assets, net of accumulated amortization of $25,446 and $23,545	28,604	33,580
Other noncurrent assets, net	12,411	12,424
Total assets	254,308	275,905
Current Liabilities:
Accounts payable and accrued expenses related to trade creditors	12,241	12,455
Accrued participations and residuals	1,725	1,822
Deferred revenue	2,757	3,040
Accrued expenses and other current liabilities	9,229	9,899
Current portion of long-term debt	2,047	2,132
Total current liabilities	27,999	29,348
Long-term debt, less current portion	90,404	92,718
Collateralized obligation	5,172	5,170
Deferred income taxes	29,102	30,041
Other noncurrent liabilities	20,288	20,620
Commitments and contingencies
Redeemable noncontrolling interests	409	519
Equity:
Preferred stock—authorized, 20,000,000 shares; issued, zero	0	0
Additional paid-in capital	39,775	40,173
Retained earnings	52,541	61,902
Treasury stock, 872,791,028 Class A common shares	(7,517)	(7,517)
Accumulated other comprehensive income (loss)	(4,555)	1,480
Total Comcast Corporation shareholders’ equity	80,296	96,092
Noncontrolling interests	637	1,398
Total equity	80,933	97,490
Total liabilities and equity	254,308	275,905
Class A Common Stock, $0.01 par value
Equity:
Common stock	52	54
Class B Common Stock
Equity:
Common stock	$ 0	$ 0

Condensed Consolidated Balance Sheet (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Property and equipment - accumulated depreciation	$ 56,638	$ 55,611
Other intangible assets - accumulated amortization	$ 25,446	$ 23,545
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock (in shares)	872,791,028	872,791,028
Class A Common Stock, $0.01 par value
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	7,500,000,000	7,500,000,000
Common stock, shares issued (in shares)	5,186,755,347	5,396,576,978
Common stock, shares outstanding (in shares)	4,313,964,319	4,523,785,950
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	9,444,375	9,444,375
Common stock, shares outstanding (in shares)	9,444,375	9,444,375

Condensed Consolidated Statement of Changes in Equity (Unaudited) - USD ($) $ in Millions	Total	Additional Paid-In Capital	Retained Earnings	Treasury Stock at Cost	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Class A Common Stock, $0.01 par value Class A Common Stock
Beginning balance at Dec. 31, 2020	$ 1,280
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of subsidiary preferred stock	(725)
Contributions from (distributions to) noncontrolling interests, net	(59)
Other	(10)
Net income (loss)	33
Ending balance at Sep. 30, 2021	520
Beginning balance at Dec. 31, 2020		$ 39,464	$ 56,438	$ (7,517)	$ 1,884	$ 1,415	$ 54
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances (repurchases) of common stock under repurchase program and employee plans							0
Stock compensation plans		802
Repurchases of common stock under repurchase program and employee plans		(340)	(2,290)
Employee stock purchase plans		201
Dividends declared			(3,470)
Other comprehensive income (loss)					(556)	11
Contributions from (distributions to) noncontrolling interests, net						379
Other		7	4			0
Net income (loss)	11,102		11,102
Net income (loss)	(249)					(282)
Ending balance at Sep. 30, 2021	$ 97,306	40,134	61,783	(7,517)	1,328	1,524	54
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (in dollars per share)	$ 0.75
Beginning balance at Jun. 30, 2021	$ 530
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of subsidiary preferred stock	0
Contributions from (distributions to) noncontrolling interests, net	(19)
Other	0
Net income (loss)	9
Ending balance at Sep. 30, 2021	520
Beginning balance at Jun. 30, 2021		40,046	60,359	(7,517)	1,992	1,581	55
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances (repurchases) of common stock under repurchase program and employee plans							0
Stock compensation plans		233
Repurchases of common stock under repurchase program and employee plans		(209)	(1,458)
Employee stock purchase plans		62
Dividends declared			(1,153)
Other comprehensive income (loss)					(664)	2
Contributions from (distributions to) noncontrolling interests, net						55
Other		2	0			(2)
Net income (loss)	4,035		4,035
Net income (loss)	(104)					(112)
Ending balance at Sep. 30, 2021	$ 97,306	40,134	61,783	(7,517)	1,328	1,524	54
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (in dollars per share)	$ 0.25
Beginning balance at Dec. 31, 2021	$ 519
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of subsidiary preferred stock	0
Contributions from (distributions to) noncontrolling interests, net	(64)
Other	(80)
Net income (loss)	34
Ending balance at Sep. 30, 2022	409
Beginning balance at Dec. 31, 2021	97,490	40,173	61,902	(7,517)	1,480	1,398	54
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances (repurchases) of common stock under repurchase program and employee plans							(2)
Stock compensation plans		767
Repurchases of common stock under repurchase program and employee plans		(1,713)	(8,100)
Employee stock purchase plans		213
Dividends declared			(3,607)
Other comprehensive income (loss)					(6,035)	(68)
Contributions from (distributions to) noncontrolling interests, net						(86)
Other		335	(1)			(277)
Net income (loss)	2,347		2,347
Net income (loss)	(295)					(329)
Ending balance at Sep. 30, 2022	$ 80,933	39,775	52,541	(7,517)	(4,555)	637	52
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (in dollars per share)	$ 0.81
Beginning balance at Jun. 30, 2022	$ 513
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of subsidiary preferred stock	0
Contributions from (distributions to) noncontrolling interests, net	(31)
Other	(80)
Net income (loss)	7
Ending balance at Sep. 30, 2022	409
Beginning balance at Jun. 30, 2022		39,852	61,209	(7,517)	(2,170)	1,132	53
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances (repurchases) of common stock under repurchase program and employee plans							(1)
Stock compensation plans		245
Repurchases of common stock under repurchase program and employee plans		(637)	(2,890)
Employee stock purchase plans		63
Dividends declared			(1,179)
Other comprehensive income (loss)					(2,385)	(56)
Contributions from (distributions to) noncontrolling interests, net						(86)
Other		252	(2)			(278)
Net income (loss)	(4,598)		(4,598)
Net income (loss)	(68)					(75)
Ending balance at Sep. 30, 2022	$ 80,933	$ 39,775	$ 52,541	$ (7,517)	$ (4,555)	$ 637	$ 52
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (in dollars per share)	$ 0.27

Condensed Consolidated Financial Statements	9 Months Ended
Condensed Consolidated Financial Statements	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidated Financial Statements	Condensed Consolidated Financial Statements Basis of Presentation We have prepared these unaudited condensed consolidated financial statements based on SEC rules that permit reduced disclosure for interim periods. These financial statements include all adjustments that are necessary for a fair presentation of our consolidated results of operations, cash flows and financial condition for the periods shown, including normal, recurring accruals and other items. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. The year-end condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles in the United States (“GAAP”). For a more complete discussion of our accounting policies and certain other information, refer to our consolidated financial statements included in our 2021 Annual Report on Form 10-K and the notes within this Quarterly Report on Form 10-Q.

Segment Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Information

We present our operations in five reportable business segments: (1) Comcast Cable in one reportable business segment, referred to as Cable Communications; (2) NBCUniversal in three reportable business segments: Media, Studios and Theme Parks (collectively, the “NBCUniversal segments”); and (3) Sky in one reportable business segment.

Cable Communications is a leading provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand. We also provide these and other services to business customers and sell advertising.

Media consists primarily of NBCUniversal’s television and streaming platforms, including national, regional and international cable networks; the NBC and Telemundo broadcast networks; NBC and Telemundo owned local broadcast television stations; and Peacock, our direct-to-consumer streaming service.

Studios consists primarily of NBCUniversal’s film and television studio production and distribution operations.

Theme Parks consists primarily of our Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China.

Sky is one of Europe’s leading entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network and Sky Sports networks.

Our other business interests consist primarily of the operations of Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and other business initiatives.

We use Adjusted EBITDA to evaluate the profitability of our operating segments and the components of net income attributable to Comcast Corporation excluded from Adjusted EBITDA are not separately evaluated. Our financial data by reportable segment is presented in the tables below.


	Three Months Ended September 30, 2022
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	16,539	$	7,452	$	1,945	$	2,021	$	369
NBCUniversal
Media	5,230		583		198		25		63
Studios	3,163		537		11		1		4
Theme Parks	2,064		819		266		450		15
Headquarters and Other	22		(199)		121		137		46
Eliminations(a)	(909)		(59)		—		—		—
NBCUniversal	9,570		1,681		596		614		129
Sky(c)	4,253		701		722		96		183
Corporate and Other	147		(378)		70		59		87
Eliminations(a)	(660)		26		—		—		—
Comcast Consolidated	$	29,849	$	9,482	$	3,333	$	2,791	$	769


	Three Months Ended September 30, 2021
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	16,115	$	7,069	$	1,965	$	1,673	$	370
NBCUniversal
Media	6,770		997		248		20		38
Studios	2,407		179		14		1		3
Theme Parks	1,449		434		213		122		8
Headquarters and Other	28		(248)		115		87		36
Eliminations(a)	(654)		(12)		—		—		—
NBCUniversal	10,001		1,349		591		229		85
Sky	4,988		971		884		160		221
Corporate and Other	65		(335)		38		80		48
Eliminations(a)	(871)		(98)		—		—		—
Comcast Consolidated	$	30,298	$	8,957	$	3,477	$	2,142	$	723


	Nine Months Ended September 30, 2022
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	49,680	$	22,172	$	5,850	$	5,164	$	1,113
NBCUniversal
Media	17,427		3,080		698		59		152
Studios	8,885		783		34		3		12
Theme Parks	5,428		1,902		814		990		30
Headquarters and Other	46		(528)		363		331		122
Eliminations(a)	(2,474)		(98)		—		—		—
NBCUniversal	29,311		5,138		1,909		1,383		315
Sky(c)	13,529		2,185		2,402		373		506
Corporate and Other	549		(944)		188		141		219
Eliminations(a)	(2,196)		(93)		—		—		—
Comcast Consolidated	$	90,874	$	28,459	$	10,349	$	7,062	$	2,152


	Nine Months Ended September 30, 2021
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	47,922	$	20,972	$	5,845	$	4,739	$	1,022
NBCUniversal
Media	16,955		3,847		749		49		112
Studios	7,027		833		39		2		9
Theme Parks	3,163		593		615		348		23
Headquarters and Other	65		(643)		356		184		93
Eliminations(a)	(2,230)		(238)		—		—		—
NBCUniversal	24,981		4,392		1,759		584		238
Sky	15,205		1,895		2,524		615		633
Corporate and Other	246		(876)		95		208		113
Eliminations(a)	(2,304)		(87)		—		—		—
Comcast Consolidated	$	86,049	$	26,297	$	10,222	$	6,146	$	2,006

(a)Included in Eliminations are transactions that our segments enter into with one another. Our segments generally report transactions with one another as if they were stand-alone businesses in accordance with GAAP, and these transactions are eliminated in consolidation. When multiple segments enter into transactions to provide products and services to third parties, revenue is generally allocated to our segments based on relative value. The most significant transactions between our segments include content licensing revenue in Studios for licenses of owned content to Media and Sky; distribution revenue in Media for fees received from Cable Communications for the sale of cable network programming and under retransmission consent agreements; and advertising revenue in Media and Cable Communications. Revenue for licenses of content from Studios to Media and Sky is generally recognized at a point in time, consistent with the recognition of transactions with third parties, when the content is delivered and made available for use. The costs of these licenses in Media and Sky are recognized as the content is used over the license period. The difference in timing of recognition between segments results in an Adjusted EBITDA impact in eliminations, as the profits (losses) on these transactions are deferred in our consolidated results and recognized as the content is used over the license period.

A summary of revenue for each of our segments resulting from transactions with other segments and eliminated in consolidation is presented in the table below.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Cable Communications	$	55	$	69	$	172	$	162
NBCUniversal
Media	514		714		1,705		1,799
Studios	946		682		2,617		2,357
Theme Parks	—		—		1		1
Headquarters and Other	16		23		34		52
Sky	5		3		13		26
Corporate and Other	34		32		127		137
Total intersegment revenue	$	1,569	$	1,525	$	4,670	$	4,535

(b)We use Adjusted EBITDA as the measure of profit or loss for our operating segments. From time to time we may report the impact of certain events, gains, losses or other charges related to our operating segments within Corporate and Other. Our reconciliation of the aggregate amount of Adjusted EBITDA for our reportable segments to consolidated income before income taxes is presented in the table below.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Adjusted EBITDA	$	9,482	$	8,957	$	28,459	$	26,297

Adjustments	9		(30)		(15)		(79)
Depreciation	(2,150)		(2,177)		(6,525)		(6,407)
Amortization	(1,183)		(1,301)		(3,824)		(3,815)
Goodwill and long-lived asset impairments	(8,583)		—		(8,583)		—


Interest expense	(960)		(1,050)		(2,922)		(3,161)
Investment and other income (loss), net	(266)		766		(975)		2,374

Income (loss) before income taxes	$	(3,652)	$	5,166	$	5,614	$	15,208

Adjustments represent the impact of certain events, gains, losses or other charges that are excluded from Adjusted EBITDA, including costs related to our investment portfolio, and Sky transaction-related costs in 2021.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Revenue

9 Months Ended

Sep. 30, 2022

Revenues [Abstract]

Revenue


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Residential:
Broadband	$	6,135	$	5,801	$	18,292	$	17,118
Video	5,255		5,499		16,214		16,676
Voice	745		851		2,293		2,592
Wireless	789		603		2,188		1,672
Business services	2,436		2,227		7,256		6,597
Advertising	756		705		2,174		2,002
Other	423		427		1,263		1,265
Total Cable Communications	16,539		16,115		49,680		47,922

Advertising	2,111		3,255		7,603		7,537
Distribution	2,578		2,987		8,270		7,934
Other	541		528		1,554		1,483
Total Media	5,230		6,770		17,427		16,955

Content licensing	2,134		1,827		6,531		5,683
Theatrical	673		307		1,391		544
Home entertainment and other	356		273		963		801
Total Studios	3,163		2,407		8,885		7,027

Total Theme Parks	2,064		1,449		5,428		3,163
Headquarters and Other	22		28		46		65
Eliminations(a)	(909)		(654)		(2,474)		(2,230)
Total NBCUniversal	9,570		10,001		29,311		24,981

Direct-to-consumer	3,510		4,127		11,073		12,415
Content	273		300		833		1,013
Advertising	471		561		1,623		1,777
Total Sky	4,253		4,988		13,529		15,205

Corporate and Other	147		65		549		246
Eliminations(a)	(660)		(871)		(2,196)		(2,304)
Total revenue	$	29,849	$	30,298	$	90,874	$	86,049

(a)Included in Eliminations are transactions that our segments enter into with one another. See Note 2 for a description of these transactions.

Condensed Consolidated Balance Sheet

The following tables summarize our accounts receivable and other balances that are not separately presented in our condensed consolidated balance sheet that relate to the recognition of revenue and collection of the related cash, as well as the deferred costs associated with our contracts with customers.


(in millions)	September 30, 2022		December 31, 2021
Receivables, gross	$	12,609	$	12,666
Less: Allowance for doubtful accounts	691		658
Receivables, net	$	11,918	$	12,008


(in millions)	September 30, 2022		December 31, 2021
Noncurrent receivables, net (included in other noncurrent assets, net)	$	1,750	$	1,632
Contract acquisition and fulfillment costs (included in other noncurrent assets, net)	$	1,054	$	1,094
Noncurrent deferred revenue (included in other noncurrent liabilities)	$	701	$	695

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Programming and Production Costs

9 Months Ended

Sep. 30, 2022

Other Industries [Abstract]

Programming and Production Costs


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Video distribution programming	$	3,242	$	3,337	$	9,955	$	10,267
Film and television content:
Owned(a)	2,538		2,215		7,965		6,406
Licensed, including sports rights	2,867		4,536		9,569		11,028
Other	303		307		918		868
Total programming and production costs	$	8,949	$	10,395	$	28,406	$	28,570

(a) Amount includes amortization of owned content of $2.0 billion and $6.3 billion for the three and nine months ended September 30, 2022, respectively, and $1.9 billion and $5.3 billion for the three and nine months ended September 30, 2021, respectively, as well as participations and residuals expenses.

Capitalized Film and Television Costs


(in millions)	September 30, 2022		December 31, 2021
Owned:
Released, less amortization	$	4,209	$	3,726
Completed, not released	195		536
In production and in development	3,234		2,732
	7,638		6,994
Licensed, including sports advances	5,048		5,811


Film and television costs	$	12,685	$	12,806

Long-Term Debt	9 Months Ended
Long-Term Debt	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term DebtAs of September 30, 2022, our debt had a carrying value of $92.5 billion and an estimated fair value of $82.1 billion. As of December 31, 2021, our debt had a carrying value of $94.8 billion and an estimated fair value of $109.3 billion. The estimated fair value of our publicly traded debt was primarily based on Level 1 inputs that use quoted market value for the debt. The estimated fair value of debt for which there are no quoted market prices was based on Level 2 inputs that use interest rates available to us for debt with similar terms and remaining maturities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Significant Transactions	9 Months Ended
Significant Transactions	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Significant Transactions	Significant Transactions Acquisitions In October 2021, we acquired Masergy, a provider of software-defined networking and cloud platforms for global enterprises, for total cash consideration of $1.2 billion. The acquisition accelerates our growth in serving large and mid-sized companies, particularly U.S.-based organizations with multi-site global enterprises. Masergy’s results of operations are included in our consolidated results of operations since the acquisition date and are reported in our Cable Communications segment. We have recorded Masergy’s assets and liabilities at their estimated fair values with $845 million recorded to goodwill and the remainder primarily attributed to software and customer relationship intangible assets. The acquisition was not material to our consolidated results of operations.

Investments and Variable Interest Entities

9 Months Ended

Sep. 30, 2022

Investments [Abstract]

Investments and Variable Interest Entities

Investment and Other Income (Loss), Net


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Equity in net income (losses) of investees, net	$	(242)	$	602	$	(523)	$	1,696
Realized and unrealized gains (losses) on equity securities, net	(2)		106		(207)		532
Other income (loss), net	(21)		59		(245)		146
Investment and other income (loss), net	$	(266)	$	766	$	(975)	$	2,374

The amount of unrealized gains (losses), net recognized in the three months ended September 30, 2022 and 2021 that related to marketable and nonmarketable equity securities still held as of the end of each reporting period were $(43) million and $(165) million, respectively. The amount of unrealized gains (losses), net recognized in the nine months ended September 30, 2022 and 2021 that related to marketable and nonmarketable equity securities still held as of the end of each reporting period were $(283) million and $91 million, respectively.

Investments


(in millions)	September 30, 2022		December 31, 2021
Equity method	$	5,487	$	6,111
Marketable equity securities	143		406
Nonmarketable equity securities	1,704		1,735
Other investments	1,645		803
Total investments	8,979		9,055
Less: Current investments	1,122		368
Less: Investment securing collateralized obligation	539		605
Noncurrent investments	$	7,318	$	8,082

Equity Method Investments

The amount of cash distributions received from equity method investments presented within operating activities in the condensed consolidated statement of cash flows in the nine months ended September 30, 2022 and 2021 was $114 million and $298 million, respectively.

Atairos

Atairos is a variable interest entity (“VIE”) that follows investment company accounting and records its investments at their fair values each reporting period with the net gains or losses reflected in its statement of operations. We recognize our share of these gains and losses in equity in net income (losses) of investees, net. For the nine months ended September 30, 2022 and 2021, we made cash capital contributions to Atairos totaling $39 million and $36 million, respectively. As of September 30, 2022 and December 31, 2021, our investment in Atairos, inclusive of certain distributions retained by Atairos on our behalf and classified as advances within other investments, was $4.3 billion and $4.7 billion, respectively. As of September 30, 2022, our remaining unfunded capital commitment was $1.5 billion.

Hulu and Collateralized Obligation

In 2019, we borrowed $5.2 billion under a term loan facility due March 2024 which is fully collateralized by the minimum guaranteed proceeds of the put/call option related to our investment in Hulu. As of September 30, 2022 and December 31, 2021, the carrying value and estimated fair value of our collateralized obligation were $5.2 billion. The estimated fair value was based on Level 2 inputs that use interest rates for debt with similar terms and remaining maturities. We present our investment in Hulu and the term loan separately in our condensed consolidated balance sheet in the captions “investment securing collateralized obligation” and “collateralized obligation,” respectively. The recorded value of our investment reflects our historical cost in applying the equity method, and as a result, is less than its fair value.

Other Investments

Other investments also includes investments in certain short-term instruments with maturities over three months when purchased, such as commercial paper, certificates of deposit and U.S. government obligations, which are generally accounted for at amortized cost. These short-term instruments totaled $977 million as of September 30, 2022 and there were no such investments as of December 31, 2021. The carrying amounts of these investments approximate their fair values, which are primarily based on Level 2 inputs that use interest rates for instruments with similar terms and remaining maturities.

Consolidated Variable Interest Entity

Universal Beijing Resort

We own a 30% interest in a Universal theme park and resort in Beijing, China (“Universal Beijing Resort”), which opened in September 2021. Universal Beijing Resort is a consolidated VIE with the remaining interest owned by a consortium of Chinese state-owned companies. The construction was funded through a combination of debt financing and equity contributions from the partners in accordance with their equity interests. As of September 30, 2022, Universal Beijing Resort had $3.3 billion of debt outstanding, including $3.0 billion principal amount of a term loan outstanding under the debt financing agreement.

As of September 30, 2022, our condensed consolidated balance sheet included assets and liabilities of Universal Beijing Resort totaling $8.1 billion and $7.2 billion, respectively. The assets and liabilities of Universal Beijing Resort primarily consist of property and equipment, operating lease assets and liabilities, and debt.

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill by Segment


			NBCUniversal
(in millions)	Cable Communications		Media		Studios		Theme Parks		Sky		Corporate and Other		Total





Balance, December 31, 2021	$	16,192	$	14,700	$	3,672	$	6,429	$	29,196	$	—	$	70,189



Impairment	—		—		—		—		(8,098)		—		(8,098)
Foreign currency translation and other	(146)		(93)		(11)		(1,116)		(4,341)		30		(5,677)
Balance, September 30, 2022	$	16,046	$	14,607	$	3,661	$	5,313	$	16,757	$	30	$	56,414

We assess the recoverability of our goodwill annually as of July 1, and as a result, in the third quarter of 2022, we recorded a goodwill impairment of $8.1 billion in our Sky reporting unit. The fair value of the reporting unit was estimated using a discounted cash flow analysis. When performing this analysis, we also considered multiples of earnings from comparable public companies and recent market transactions. The decline in fair value primarily resulted from an increased discount rate and reduced estimated future cash flows as a result of macroeconomic conditions in the Sky territories. In connection with this assessment, in the third quarter of 2022, we also recorded impairments of intangible assets related to our Sky segment, which primarily related to customer relationship assets. These impairments totaled $485 million and are presented in goodwill and long-lived asset impairments in the consolidated statement of income.

Equity and Share-Based Compensation

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Equity and Share-Based Compensation

Weighted-Average Common Shares Outstanding


	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions)	2022	2021	2022	2021
Weighted-average number of common shares outstanding – basic	4,377	4,588	4,449	4,593
Effect of dilutive securities	—	77	29	75
Weighted-average number of common shares outstanding – diluted	4,377	4,665	4,477	4,668
Antidilutive securities	288	37	156	33

Diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”) considers the impact of potentially dilutive securities using the treasury stock method. There are no potentially dilutive shares included for the three months ended September 30, 2022 because their effect would be antidilutive as a result of the loss for the period. Antidilutive securities represent the number of potential common shares related to share-based compensation awards that were excluded from diluted EPS because their effect would have been antidilutive.

Accumulated Other Comprehensive Income (Loss)


(in millions)	September 30, 2022		December 31, 2021
Cumulative translation adjustments	$	(5,149)	$	1,119

Deferred gains (losses) on cash flow hedges	387		104
Unrecognized gains (losses) on employee benefit obligations and other	207		257

Accumulated other comprehensive income (loss), net of deferred taxes	$	(4,555)	$	1,480

Share-Based Compensation

Our share-based compensation plans consist primarily of awards of RSUs and stock options to certain employees and directors as part of our approach to long-term incentive compensation. Additionally, through our employee stock purchase plans, employees are able to purchase shares of our common stock at a discount through payroll deductions.

In March 2022, we granted 16 million RSUs and 51 million stock options related to our annual management awards. The weighted-average fair values associated with these grants were $46.46 per RSU and $8.81 per stock option.

Recognized Share-Based Compensation Expense


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Restricted share units	$	172	$	167	$	531	$	560
Stock options	74		70		240		248
Employee stock purchase plans	10		9		31		29
Total	$	256	$	246	$	802	$	837

As of September 30, 2022, we had unrecognized pretax compensation expense of $1.5 billion and $691 million related to nonvested RSUs and nonvested stock options, respectively.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Supplemental Financial Information

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Information

Income Taxes

In the third quarter of 2022, a state tax law change was enacted that resulted in a decrease to our net deferred tax liabilities of $286 million, with a corresponding decrease in income tax expense. In the second quarter of 2021, tax law changes were enacted in the United Kingdom that resulted in an increase to our net deferred tax liabilities of $498 million, with a corresponding increase in income tax expense. The goodwill impairment in the third quarter of 2022 (see Note 8) was primarily not deductible for tax purposes.

Cash Payments for Interest and Income Taxes


	Nine Months Ended September 30,
(in millions)	2022		2021
Interest	$	2,341	$	2,943
Income taxes	$	4,022	$	2,201

Noncash Activities

During the nine months ended September 30, 2022:

•we acquired $2.2 billion of property and equipment and intangible assets that were accrued but unpaid

•we recorded a liability of $1.2 billion for a quarterly cash dividend of $0.27 per common share paid in October 2022

During the nine months ended September 30, 2021:

•we recognized operating lease assets and liabilities of $2.8 billion related to Universal Beijing Resort

•we acquired $1.6 billion of property and equipment and intangible assets that were accrued but unpaid

•we recorded a liability of $1.2 billion for a quarterly cash dividend of $0.25 per common share paid in October 2021

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheet to the total of the amounts reported in our condensed consolidated statement of cash flows.


(in millions)	September 30, 2022		December 31, 2021
Cash and cash equivalents	$	5,695	$	8,711
Restricted cash included in other current assets	22		56
Restricted cash included in other noncurrent assets, net	13		12
Cash, cash equivalents and restricted cash, end of period	$	5,729	$	8,778

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Redeemable Subsidiary Preferred Stock In the first quarter of 2021, we redeemed all of the NBCUniversal Enterprise, Inc. preferred stock and made cash payments equal to the aggregate liquidation preference of $725 million. The redeemable subsidiary preferred stock was presented in redeemable noncontrolling interests. Contingencies We are subject to legal proceedings and claims that arise in the ordinary course of our business. While the amount of ultimate liability with respect to such actions is not expected to materially affect our results of operations, cash flows or financial position, any litigation resulting from any such legal proceedings or claims could be time-consuming and injure our reputation.

Condensed Consolidated Financial Statements (Policies)	9 Months Ended
Condensed Consolidated Financial Statements (Policies)	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	We have prepared these unaudited condensed consolidated financial statements based on SEC rules that permit reduced disclosure for interim periods. These financial statements include all adjustments that are necessary for a fair presentation of our consolidated results of operations, cash flows and financial condition for the periods shown, including normal, recurring accruals and other items. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year.The year-end condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles in the United States (“GAAP”). For a more complete discussion of our accounting policies and certain other information, refer to our consolidated financial statements included in our 2021 Annual Report on Form 10-K and the notes within this Quarterly Report on Form 10-Q.
Earnings Per Share	Diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”) considers the impact of potentially dilutive securities using the treasury stock method. There are no potentially dilutive shares included for the three months ended September 30, 2022 because their effect would be antidilutive as a result of the loss for the period. Antidilutive securities represent the number of potential common shares related to share-based compensation awards that were excluded from diluted EPS because their effect would have been antidilutive.

Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Financial Data by Business Segment

Our financial data by reportable segment is presented in the tables below.


	Three Months Ended September 30, 2022
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	16,539	$	7,452	$	1,945	$	2,021	$	369
NBCUniversal
Media	5,230		583		198		25		63
Studios	3,163		537		11		1		4
Theme Parks	2,064		819		266		450		15
Headquarters and Other	22		(199)		121		137		46
Eliminations(a)	(909)		(59)		—		—		—
NBCUniversal	9,570		1,681		596		614		129
Sky(c)	4,253		701		722		96		183
Corporate and Other	147		(378)		70		59		87
Eliminations(a)	(660)		26		—		—		—
Comcast Consolidated	$	29,849	$	9,482	$	3,333	$	2,791	$	769


	Three Months Ended September 30, 2021
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	16,115	$	7,069	$	1,965	$	1,673	$	370
NBCUniversal
Media	6,770		997		248		20		38
Studios	2,407		179		14		1		3
Theme Parks	1,449		434		213		122		8
Headquarters and Other	28		(248)		115		87		36
Eliminations(a)	(654)		(12)		—		—		—
NBCUniversal	10,001		1,349		591		229		85
Sky	4,988		971		884		160		221
Corporate and Other	65		(335)		38		80		48
Eliminations(a)	(871)		(98)		—		—		—
Comcast Consolidated	$	30,298	$	8,957	$	3,477	$	2,142	$	723


	Nine Months Ended September 30, 2022
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	49,680	$	22,172	$	5,850	$	5,164	$	1,113
NBCUniversal
Media	17,427		3,080		698		59		152
Studios	8,885		783		34		3		12
Theme Parks	5,428		1,902		814		990		30
Headquarters and Other	46		(528)		363		331		122
Eliminations(a)	(2,474)		(98)		—		—		—
NBCUniversal	29,311		5,138		1,909		1,383		315
Sky(c)	13,529		2,185		2,402		373		506
Corporate and Other	549		(944)		188		141		219
Eliminations(a)	(2,196)		(93)		—		—		—
Comcast Consolidated	$	90,874	$	28,459	$	10,349	$	7,062	$	2,152


	Nine Months Ended September 30, 2021
(in millions)	Revenue(a)		Adjusted EBITDA(b)		Depreciation and Amortization		Capital Expenditures		Cash Paid for Intangible Assets
Cable Communications	$	47,922	$	20,972	$	5,845	$	4,739	$	1,022
NBCUniversal
Media	16,955		3,847		749		49		112
Studios	7,027		833		39		2		9
Theme Parks	3,163		593		615		348		23
Headquarters and Other	65		(643)		356		184		93
Eliminations(a)	(2,230)		(238)		—		—		—
NBCUniversal	24,981		4,392		1,759		584		238
Sky	15,205		1,895		2,524		615		633
Corporate and Other	246		(876)		95		208		113
Eliminations(a)	(2,304)		(87)		—		—		—
Comcast Consolidated	$	86,049	$	26,297	$	10,222	$	6,146	$	2,006

A summary of revenue for each of our segments resulting from transactions with other segments and eliminated in consolidation is presented in the table below.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Cable Communications	$	55	$	69	$	172	$	162
NBCUniversal
Media	514		714		1,705		1,799
Studios	946		682		2,617		2,357
Theme Parks	—		—		1		1
Headquarters and Other	16		23		34		52
Sky	5		3		13		26
Corporate and Other	34		32		127		137
Total intersegment revenue	$	1,569	$	1,525	$	4,670	$	4,535


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Adjusted EBITDA	$	9,482	$	8,957	$	28,459	$	26,297

Adjustments	9		(30)		(15)		(79)
Depreciation	(2,150)		(2,177)		(6,525)		(6,407)
Amortization	(1,183)		(1,301)		(3,824)		(3,815)
Goodwill and long-lived asset impairments	(8,583)		—		(8,583)		—


Interest expense	(960)		(1,050)		(2,922)		(3,161)
Investment and other income (loss), net	(266)		766		(975)		2,374

Income (loss) before income taxes	$	(3,652)	$	5,166	$	5,614	$	15,208

Reconciliation of Adjusted EBITDA from Segments to Consolidated

Our reconciliation of the aggregate amount of Adjusted EBITDA for our reportable segments to consolidated income before income taxes is presented in the table below.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Adjusted EBITDA	$	9,482	$	8,957	$	28,459	$	26,297

Adjustments	9		(30)		(15)		(79)
Depreciation	(2,150)		(2,177)		(6,525)		(6,407)
Amortization	(1,183)		(1,301)		(3,824)		(3,815)
Goodwill and long-lived asset impairments	(8,583)		—		(8,583)		—


Interest expense	(960)		(1,050)		(2,922)		(3,161)
Investment and other income (loss), net	(266)		766		(975)		2,374

Income (loss) before income taxes	$	(3,652)	$	5,166	$	5,614	$	15,208

Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenues [Abstract]

Disaggregation of Revenue


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Residential:
Broadband	$	6,135	$	5,801	$	18,292	$	17,118
Video	5,255		5,499		16,214		16,676
Voice	745		851		2,293		2,592
Wireless	789		603		2,188		1,672
Business services	2,436		2,227		7,256		6,597
Advertising	756		705		2,174		2,002
Other	423		427		1,263		1,265
Total Cable Communications	16,539		16,115		49,680		47,922

Advertising	2,111		3,255		7,603		7,537
Distribution	2,578		2,987		8,270		7,934
Other	541		528		1,554		1,483
Total Media	5,230		6,770		17,427		16,955

Content licensing	2,134		1,827		6,531		5,683
Theatrical	673		307		1,391		544
Home entertainment and other	356		273		963		801
Total Studios	3,163		2,407		8,885		7,027

Total Theme Parks	2,064		1,449		5,428		3,163
Headquarters and Other	22		28		46		65
Eliminations(a)	(909)		(654)		(2,474)		(2,230)
Total NBCUniversal	9,570		10,001		29,311		24,981

Direct-to-consumer	3,510		4,127		11,073		12,415
Content	273		300		833		1,013
Advertising	471		561		1,623		1,777
Total Sky	4,253		4,988		13,529		15,205

Corporate and Other	147		65		549		246
Eliminations(a)	(660)		(871)		(2,196)		(2,304)
Total revenue	$	29,849	$	30,298	$	90,874	$	86,049

(a)Included in Eliminations are transactions that our segments enter into with one another. See Note 2 for a description of these transactions.

Schedule of Receivables, Net


(in millions)	September 30, 2022		December 31, 2021
Receivables, gross	$	12,609	$	12,666
Less: Allowance for doubtful accounts	691		658
Receivables, net	$	11,918	$	12,008

Other Balance Sheet Accounts


(in millions)	September 30, 2022		December 31, 2021
Noncurrent receivables, net (included in other noncurrent assets, net)	$	1,750	$	1,632
Contract acquisition and fulfillment costs (included in other noncurrent assets, net)	$	1,054	$	1,094
Noncurrent deferred revenue (included in other noncurrent liabilities)	$	701	$	695

Programming and Production Costs (Tables)

9 Months Ended

Sep. 30, 2022

Other Industries [Abstract]

Programming and Production Expense


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Video distribution programming	$	3,242	$	3,337	$	9,955	$	10,267
Film and television content:
Owned(a)	2,538		2,215		7,965		6,406
Licensed, including sports rights	2,867		4,536		9,569		11,028
Other	303		307		918		868
Total programming and production costs	$	8,949	$	10,395	$	28,406	$	28,570

Capitalized Film and Television Costs


(in millions)	September 30, 2022		December 31, 2021
Owned:
Released, less amortization	$	4,209	$	3,726
Completed, not released	195		536
In production and in development	3,234		2,732
	7,638		6,994
Licensed, including sports advances	5,048		5,811


Film and television costs	$	12,685	$	12,806

Investments and Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2022

Investments [Abstract]

Investment and Other Income (Loss), Net


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Equity in net income (losses) of investees, net	$	(242)	$	602	$	(523)	$	1,696
Realized and unrealized gains (losses) on equity securities, net	(2)		106		(207)		532
Other income (loss), net	(21)		59		(245)		146
Investment and other income (loss), net	$	(266)	$	766	$	(975)	$	2,374

Investment Summary

Investments


(in millions)	September 30, 2022		December 31, 2021
Equity method	$	5,487	$	6,111
Marketable equity securities	143		406
Nonmarketable equity securities	1,704		1,735
Other investments	1,645		803
Total investments	8,979		9,055
Less: Current investments	1,122		368
Less: Investment securing collateralized obligation	539		605
Noncurrent investments	$	7,318	$	8,082

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Segment


			NBCUniversal
(in millions)	Cable Communications		Media		Studios		Theme Parks		Sky		Corporate and Other		Total





Balance, December 31, 2021	$	16,192	$	14,700	$	3,672	$	6,429	$	29,196	$	—	$	70,189



Impairment	—		—		—		—		(8,098)		—		(8,098)
Foreign currency translation and other	(146)		(93)		(11)		(1,116)		(4,341)		30		(5,677)
Balance, September 30, 2022	$	16,046	$	14,607	$	3,661	$	5,313	$	16,757	$	30	$	56,414

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Equity and Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Weighted Average Common Shares Outstanding

Weighted-Average Common Shares Outstanding


	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions)	2022	2021	2022	2021
Weighted-average number of common shares outstanding – basic	4,377	4,588	4,449	4,593
Effect of dilutive securities	—	77	29	75
Weighted-average number of common shares outstanding – diluted	4,377	4,665	4,477	4,668
Antidilutive securities	288	37	156	33

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)


(in millions)	September 30, 2022		December 31, 2021
Cumulative translation adjustments	$	(5,149)	$	1,119

Deferred gains (losses) on cash flow hedges	387		104
Unrecognized gains (losses) on employee benefit obligations and other	207		257

Accumulated other comprehensive income (loss), net of deferred taxes	$	(4,555)	$	1,480

Schedule of Recognized Share-Based Compensation Expense

Recognized Share-Based Compensation Expense


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Restricted share units	$	172	$	167	$	531	$	560
Stock options	74		70		240		248
Employee stock purchase plans	10		9		31		29
Total	$	256	$	246	$	802	$	837

Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash Payments for Interest and Income Taxes

Cash Payments for Interest and Income Taxes


	Nine Months Ended September 30,
(in millions)	2022		2021
Interest	$	2,341	$	2,943
Income taxes	$	4,022	$	2,201

Cash and Cash Equivalents


(in millions)	September 30, 2022		December 31, 2021
Cash and cash equivalents	$	5,695	$	8,711
Restricted cash included in other current assets	22		56
Restricted cash included in other noncurrent assets, net	13		12
Cash, cash equivalents and restricted cash, end of period	$	5,729	$	8,778

Restricted Cash


(in millions)	September 30, 2022		December 31, 2021
Cash and cash equivalents	$	5,695	$	8,711
Restricted cash included in other current assets	22		56
Restricted cash included in other noncurrent assets, net	13		12
Cash, cash equivalents and restricted cash, end of period	$	5,729	$	8,778

Segment Information (Details) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details) $ in Millions	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			5
Financial Data by Business Segment
Revenue	$ 29,849	$ 30,298	$ 90,874	$ 86,049
Adjusted EBITDA	9,482	8,957	28,459	26,297
Depreciation and amortization	3,333	3,477	10,349	10,222
Capital Expenditures	2,791	2,142	7,062	6,146
Cash Paid for Intangible Assets	769	723	$ 2,152	2,006
NBCUniversal
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			3
Cable Communications
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			1
Sky
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			1
Operating Segments \| NBCUniversal
Financial Data by Business Segment
Revenue	9,570	10,001	$ 29,311	24,981
Adjusted EBITDA	1,681	1,349	5,138	4,392
Depreciation and amortization	596	591	1,909	1,759
Capital Expenditures	614	229	1,383	584
Cash Paid for Intangible Assets	129	85	315	238
Eliminations
Financial Data by Business Segment
Revenue	1,569	1,525	4,670	4,535
Eliminations \| NBCUniversal
Financial Data by Business Segment
Revenue	(909)	(654)	(2,474)	(2,230)
Adjusted EBITDA	(59)	(12)	(98)	(238)
Depreciation and amortization	0	0	0	0
Capital Expenditures	0	0	0	0
Cash Paid for Intangible Assets	0	0	0	0
Eliminations \| Inter-Business Unit Eliminations
Financial Data by Business Segment
Revenue	(660)	(871)	(2,196)	(2,304)
Adjusted EBITDA	26	(98)	(93)	(87)
Depreciation and amortization	0	0	0	0
Capital Expenditures	0	0	0	0
Cash Paid for Intangible Assets	0	0	0	0
Corporate and Other
Financial Data by Business Segment
Revenue	147	65	549	246
Adjusted EBITDA	(378)	(335)	(944)	(876)
Depreciation and amortization	70	38	188	95
Capital Expenditures	59	80	141	208
Cash Paid for Intangible Assets	87	48	219	113
Corporate and Other \| NBCUniversal
Financial Data by Business Segment
Revenue	22	28	46	65
Adjusted EBITDA	(199)	(248)	(528)	(643)
Depreciation and amortization	121	115	363	356
Capital Expenditures	137	87	331	184
Cash Paid for Intangible Assets	46	36	122	93
Cable Communications \| Operating Segments
Financial Data by Business Segment
Revenue	16,539	16,115	49,680	47,922
Adjusted EBITDA	7,452	7,069	22,172	20,972
Depreciation and amortization	1,945	1,965	5,850	5,845
Capital Expenditures	2,021	1,673	5,164	4,739
Cash Paid for Intangible Assets	369	370	1,113	1,022
Cable Communications \| Eliminations
Financial Data by Business Segment
Revenue	55	69	172	162
Media \| Operating Segments \| NBCUniversal
Financial Data by Business Segment
Revenue	5,230	6,770	17,427	16,955
Adjusted EBITDA	583	997	3,080	3,847
Depreciation and amortization	198	248	698	749
Capital Expenditures	25	20	59	49
Cash Paid for Intangible Assets	63	38	152	112
Media \| Eliminations \| NBCUniversal
Financial Data by Business Segment
Revenue	514	714	1,705	1,799
Studios \| Operating Segments \| NBCUniversal
Financial Data by Business Segment
Revenue	3,163	2,407	8,885	7,027
Adjusted EBITDA	537	179	783	833
Depreciation and amortization	11	14	34	39
Capital Expenditures	1	1	3	2
Cash Paid for Intangible Assets	4	3	12	9
Studios \| Eliminations \| NBCUniversal
Financial Data by Business Segment
Revenue	946	682	2,617	2,357
Theme Parks \| Operating Segments \| NBCUniversal
Financial Data by Business Segment
Revenue	2,064	1,449	5,428	3,163
Adjusted EBITDA	819	434	1,902	593
Depreciation and amortization	266	213	814	615
Capital Expenditures	450	122	990	348
Cash Paid for Intangible Assets	15	8	30	23
Theme Parks \| Eliminations \| NBCUniversal
Financial Data by Business Segment
Revenue	0	0	1	1
Sky \| Operating Segments
Financial Data by Business Segment
Revenue	4,253	4,988	13,529	15,205
Adjusted EBITDA	701	971	2,185	1,895
Depreciation and amortization	722	884	2,402	2,524
Capital Expenditures	96	160	373	615
Cash Paid for Intangible Assets	183	221	506	633
Sky \| Eliminations
Financial Data by Business Segment
Revenue	$ 5	$ 3	$ 13	$ 26

Segment Information (Intersegment Eliminations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 29,849	$ 30,298	$ 90,874	$ 86,049
Eliminations
Segment Reporting Information [Line Items]
Revenue	1,569	1,525	4,670	4,535
Eliminations \| NBCUniversal
Segment Reporting Information [Line Items]
Revenue	(909)	(654)	(2,474)	(2,230)
Corporate and Other
Segment Reporting Information [Line Items]
Revenue	34	32	127	137
Corporate and Other \| NBCUniversal
Segment Reporting Information [Line Items]
Revenue	16	23	34	52
Cable Communications \| Eliminations
Segment Reporting Information [Line Items]
Revenue	55	69	172	162
Media \| Eliminations \| NBCUniversal
Segment Reporting Information [Line Items]
Revenue	514	714	1,705	1,799
Studios \| Eliminations \| NBCUniversal
Segment Reporting Information [Line Items]
Revenue	946	682	2,617	2,357
Theme Parks \| Eliminations \| NBCUniversal
Segment Reporting Information [Line Items]
Revenue	0	0	1	1
Sky \| Eliminations
Segment Reporting Information [Line Items]
Revenue	$ 5	$ 3	$ 13	$ 26

Segment Information (Reconciliation of Adjusted EBITDA from Segment to Consolidated Statements) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting [Abstract]
Adjusted EBITDA	$ 9,482	$ 8,957	$ 28,459	$ 26,297
Adjustments	9	(30)	(15)	(79)
Depreciation	(2,150)	(2,177)	(6,525)	(6,407)
Amortization	(1,183)	(1,301)	(3,824)	(3,815)
Goodwill and long-lived asset impairments	(8,583)	0	(8,583)	0
Interest expense	(960)	(1,050)	(2,922)	(3,161)
Investment and other income (loss), net	(266)	766	(975)	2,374
Income (loss) before income taxes	$ (3,652)	$ 5,166	$ 5,614	$ 15,208

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
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+ Details

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 29,849	$ 30,298	$ 90,874	$ 86,049
Operating Segments \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	9,570	10,001	29,311	24,981
Operating Segments \| Cable Communications
Disaggregation of Revenue [Line Items]
Revenue	16,539	16,115	49,680	47,922
Operating Segments \| Cable Communications \| Broadband
Disaggregation of Revenue [Line Items]
Revenue	6,135	5,801	18,292	17,118
Operating Segments \| Cable Communications \| Video
Disaggregation of Revenue [Line Items]
Revenue	5,255	5,499	16,214	16,676
Operating Segments \| Cable Communications \| Voice
Disaggregation of Revenue [Line Items]
Revenue	745	851	2,293	2,592
Operating Segments \| Cable Communications \| Wireless
Disaggregation of Revenue [Line Items]
Revenue	789	603	2,188	1,672
Operating Segments \| Cable Communications \| Business services
Disaggregation of Revenue [Line Items]
Revenue	2,436	2,227	7,256	6,597
Operating Segments \| Cable Communications \| Advertising
Disaggregation of Revenue [Line Items]
Revenue	756	705	2,174	2,002
Operating Segments \| Cable Communications \| Other
Disaggregation of Revenue [Line Items]
Revenue	423	427	1,263	1,265
Operating Segments \| Media \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	5,230	6,770	17,427	16,955
Operating Segments \| Media \| Advertising \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	2,111	3,255	7,603	7,537
Operating Segments \| Media \| Other \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	541	528	1,554	1,483
Operating Segments \| Media \| Distribution \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	2,578	2,987	8,270	7,934
Operating Segments \| Studios \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	3,163	2,407	8,885	7,027
Operating Segments \| Studios \| Content licensing \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	2,134	1,827	6,531	5,683
Operating Segments \| Studios \| Theatrical \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	673	307	1,391	544
Operating Segments \| Studios \| Home entertainment and other \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	356	273	963	801
Operating Segments \| Theme Parks \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	2,064	1,449	5,428	3,163
Operating Segments \| Sky
Disaggregation of Revenue [Line Items]
Revenue	4,253	4,988	13,529	15,205
Operating Segments \| Sky \| Advertising
Disaggregation of Revenue [Line Items]
Revenue	471	561	1,623	1,777
Operating Segments \| Sky \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue	3,510	4,127	11,073	12,415
Operating Segments \| Sky \| Content
Disaggregation of Revenue [Line Items]
Revenue	273	300	833	1,013
Eliminations
Disaggregation of Revenue [Line Items]
Revenue	1,569	1,525	4,670	4,535
Eliminations \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	(909)	(654)	(2,474)	(2,230)
Eliminations \| Inter-Business Unit Eliminations
Disaggregation of Revenue [Line Items]
Revenue	(660)	(871)	(2,196)	(2,304)
Eliminations \| Cable Communications
Disaggregation of Revenue [Line Items]
Revenue	55	69	172	162
Eliminations \| Media \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	514	714	1,705	1,799
Eliminations \| Studios \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	946	682	2,617	2,357
Eliminations \| Theme Parks \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	0	0	1	1
Eliminations \| Sky
Disaggregation of Revenue [Line Items]
Revenue	5	3	13	26
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenue	147	65	549	246
Corporate and Other \| NBCUniversal
Disaggregation of Revenue [Line Items]
Revenue	$ 22	$ 28	$ 46	$ 65

Revenue (Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Revenues [Abstract]
Receivables, gross	$ 12,609	$ 12,666
Less: Allowance for doubtful accounts	691	658
Receivables, net	11,918	12,008
Noncurrent receivables, net (included in other noncurrent assets, net)	1,750	1,632
Contract acquisition and fulfillment costs (included in other noncurrent assets, net)	1,054	1,094
Noncurrent deferred revenue (included in other noncurrent liabilities)	$ 701	$ 695

Programming and Production Costs (Recognized Programming and Production Costs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Industries [Abstract]
Video distribution programming	$ 3,242	$ 3,337	$ 9,955	$ 10,267
Film and television content:
Owned	2,538	2,215	7,965	6,406
Licensed, including sports rights	2,867	4,536	9,569	11,028
Other	303	307	918	868
Total programming and production costs	8,949	10,395	28,406	28,570
Amortization of owned film and television costs	$ 2,000	$ 1,900	$ 6,300	$ 5,300

Programming and Production Costs (Capitalized Film and Television Costs and Programming Rights) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Owned:
Released, less amortization	$ 4,209	$ 3,726
Completed, not released	195	536
In production and in development	3,234	2,732
Owned	7,638	6,994
Licensed, including sports advances	5,048	5,811
Film and television costs	$ 12,685	$ 12,806

Long-Term Debt (Narrative) (Details) - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Total carrying value of debt	$ 92.5	$ 94.8
Total fair value of debt	$ 82.1	$ 109.3

Significant Transactions (Details) - USD ($) $ in Millions	1 Months Ended
Significant Transactions (Details) - USD ($) $ in Millions	Oct. 31, 2021	Sep. 30, 2022	Dec. 31, 2021
Business Combination, Separately Recognized Transactions [Line Items]
Goodwill		$ 56,414	$ 70,189
Masergy
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition, cash consideration	$ 1,200
Goodwill	$ 845

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Investments and Variable Interest Entities (Investment and Other Income (Loss), Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investments [Abstract]
Equity in net income (losses) of investees, net	$ (242)	$ 602	$ (523)	$ 1,696
Realized and unrealized gains (losses) on equity securities, net	(2)	106	(207)	532
Other income (loss), net	(21)	59	(245)	146
Investment and other income (loss), net	$ (266)	$ 766	$ (975)	$ 2,374

Investments and Variable Interest Entities (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2019	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Unrealized gains (losses) recognized	$ (43,000,000)	$ (165,000,000)	$ (283,000,000)	$ 91,000,000
Cash distribution received from equity method investments			114,000,000	298,000,000
Collateralized obligation	5,172,000,000		5,172,000,000			$ 5,170,000,000
Other investments	1,645,000,000		1,645,000,000			803,000,000
Assets	254,308,000,000		254,308,000,000			275,905,000,000
Short-Term Instruments
Schedule of Equity Method Investments [Line Items]
Other investments	$ 977,000,000		$ 977,000,000			0
Variable Interest Entity, Primary Beneficiary \| Universal Beijing Resort
Schedule of Equity Method Investments [Line Items]
Ownership percentage in variable interest entity	30.00%		30.00%
Principal amount of term loan outstanding	$ 3,300,000,000		$ 3,300,000,000
Assets	8,100,000,000		8,100,000,000
Consolidated variable interest entity's liabilities included in condensed consolidated balance sheet	7,200,000,000		7,200,000,000
Variable Interest Entity, Primary Beneficiary \| Universal Beijing Resort \| Universal Beijing Resort Term Loans
Schedule of Equity Method Investments [Line Items]
Principal amount of term loan outstanding	3,000,000,000		3,000,000,000
Atairos
Schedule of Equity Method Investments [Line Items]
Cash capital contributions for equity method investments			39,000,000	$ 36,000,000
Equity method investments and certain retained distributions	4,300,000,000		4,300,000,000			4,700,000,000
Atairos \| Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Remaining unfunded capital commitment	1,500,000,000		1,500,000,000
Hulu
Schedule of Equity Method Investments [Line Items]
Proceeds from collateralized obligation					$ 5,200,000,000
Collateralized obligation	5,200,000,000		5,200,000,000			5,200,000,000
Fair value of collateralized obligation	$ 5,200,000,000		$ 5,200,000,000			$ 5,200,000,000

Investments and Variable Interest Entities (Schedule of Investments) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments [Abstract]
Equity method	$ 5,487	$ 6,111
Marketable equity securities	143	406
Nonmarketable equity securities	1,704	1,735
Other investments	1,645	803
Total investments	8,979	9,055
Less: Current investments	1,122	368
Less: Investment securing collateralized obligation	539	605
Noncurrent investments	$ 7,318	$ 8,082

Goodwill and Intangible Assets - Change in Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Goodwill [Roll Forward]
Balance, beginning of period		$ 70,189
Impairment		(8,098)
Foreign currency translation and other		(5,677)
Balance, end of period	$ 56,414	56,414
Sky
Goodwill [Roll Forward]
Impairment of intangible assets	485
Operating Segments \| Cable Communications
Goodwill [Roll Forward]
Balance, beginning of period		16,192
Impairment		0
Foreign currency translation and other		(146)
Balance, end of period	16,046	16,046
Operating Segments \| Media
Goodwill [Roll Forward]
Balance, beginning of period		14,700
Impairment		0
Foreign currency translation and other		(93)
Balance, end of period	14,607	14,607
Operating Segments \| Studios
Goodwill [Roll Forward]
Balance, beginning of period		3,672
Impairment		0
Foreign currency translation and other		(11)
Balance, end of period	3,661	3,661
Operating Segments \| Theme Parks
Goodwill [Roll Forward]
Balance, beginning of period		6,429
Impairment		0
Foreign currency translation and other		(1,116)
Balance, end of period	5,313	5,313
Operating Segments \| Sky
Goodwill [Roll Forward]
Balance, beginning of period		29,196
Impairment		(8,098)
Foreign currency translation and other		(4,341)
Balance, end of period	16,757	16,757
Corporate and Other
Goodwill [Roll Forward]
Balance, beginning of period		0
Impairment		0
Foreign currency translation and other		30
Balance, end of period	$ 30	$ 30

Equity and Share-Based Compensation (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average number of common shares outstanding – basic (in shares)	4,377,000,000	4,588,000,000	4,449,000,000	4,593,000,000
Effect of dilutive securities (in shares)	0	77,000,000	29,000,000	75,000,000
Weighted-average number of common shares outstanding – diluted (in shares)	4,377,000,000	4,665,000,000	4,477,000,000	4,668,000,000
Antidilutive securities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive (in shares)	288,000,000	37,000,000	156,000,000	33,000,000

Equity and Share-Based Compensation (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Equity [Abstract]
Cumulative translation adjustments	$ (5,149)	$ 1,119
Deferred gains (losses) on cash flow hedges	387	104
Unrecognized gains (losses) on employee benefit obligations and other	207	257
Accumulated other comprehensive income (loss), net of deferred taxes	$ (4,555)	$ 1,480

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Equity and Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed exercise or issuance of shares relating to stock plans (in shares)		0	77,000,000	29,000,000	75,000,000
Management Grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted (in shares)	51,000,000
Weighted-average fair value of stock options granted (in dollars per share)	$ 8.81
Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pretax compensation expense on nonvested awards		$ 1,500		$ 1,500
Restricted Share Units (RSUs) \| Management Grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted share units granted (in shares)	16,000,000
Weighted-average fair value of restricted share units granted (in dollars per share)	$ 46.46
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pretax compensation expense on nonvested awards		$ 691		$ 691

Equity and Share-Based Compensation (Recognized Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized share-based compensation expense	$ 256	$ 246	$ 802	$ 837
Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized share-based compensation expense	172	167	531	560
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized share-based compensation expense	74	70	240	248
Employee Stock Purchase Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized share-based compensation expense	$ 10	$ 9	$ 31	$ 29

Supplemental Financial Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Increase (decrease) to deferred tax liabilities from change in foreign tax rate	$ (286)	$ 498

Supplemental Financial Information (Cash Payments for Interest and Income Taxes) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Payments for Interest and Income Taxes
Interest	$ 2,341	$ 2,943
Income taxes	$ 4,022	$ 2,201

Supplemental Financial Information (Noncash Activities) (Details) - USD ($) $ / shares in Units, $ in Billions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Supplemental Financial Information [Line Items]
Property and equipment and intangible assets accrued but not yet paid	$ 2.2	$ 1.6
Dividends payable	$ 1.2	$ 1.2
Dividends payable (in dollars per share)	$ 0.27	$ 0.25
Universal Beijing Resort
Supplemental Financial Information [Line Items]
Operating lease assets and liabilities recognized		$ 2.8

Supplemental Financial Information (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 5,695	$ 8,711
Restricted cash included in other current assets	22	56
Restricted cash included in other noncurrent assets, net	13	12
Cash, cash equivalents and restricted cash, end of period	$ 5,729	$ 8,778	$ 11,858	$ 11,768

Commitments and Contingencies (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Cash payments for the redemption of redeemable subsidiary preferred stock	$ 725