Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Paramount Global, adjusted current assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	13,734)	16,676)	13,779)	11,902)	6,752)
Adjustments
Add: Allowance for credit losses	111)	80)	85)	86)	41)
After Adjustment
Adjusted current assets	13,845)	16,756)	13,864)	11,988)	6,793)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Paramount Global, adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	58,393)	58,620)	52,663)	49,519)	21,859)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	931)
Add: Allowance for credit losses	111)	80)	85)	86)	41)
Less: Deferred income tax assets, net²	1,242)	1,206)	993)	939)	29)
After Adjustment
Adjusted total assets	57,262)	57,494)	51,755)	48,666)	22,802)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets, net. See details »

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Paramount Global, adjusted current liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	11,191)	9,479)	8,296)	9,048)	4,573)
Adjustments
Less: Current deferred revenues	973)	1,091)	978)	739)	222)
After Adjustment
Adjusted current liabilities	10,218)	8,388)	7,318)	8,309)	4,351)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Paramount Global, adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	34,787)	35,543)	36,410)	35,976)	19,055)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	931)
Less: Deferred income tax liabilities²	1,077)	1,063)	778)	500)	399)
Less: Deferred revenues	1,060)	1,200)	1,120)	910)	274)
Less: Restructuring liability	302)	190)	372)	400)	72)
After Adjustment
Adjusted total liabilities	32,348)	33,090)	34,140)	34,166)	19,241)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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Paramount Global, adjusted total Paramount stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total Paramount stockholders’ equity	23,036)	22,402)	15,371)	13,207)	2,804)
Adjustments
Less: Deferred income tax assets (liabilities), net¹	165)	143)	215)	439)	(370)
Add: Allowance for credit losses	111)	80)	85)	86)	41)
Add: Deferred revenues	1,060)	1,200)	1,120)	910)	274)
Add: Restructuring liability	302)	190)	372)	400)	72)
Add: Redeemable noncontrolling interest	—)	107)	197)	254)	—)
Add: Noncontrolling interests	570)	568)	685)	82)	—)
After Adjustment
Adjusted total equity	24,914)	24,404)	17,615)	14,500)	3,561)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax assets (liabilities), net. See details »

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Paramount Global, adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current debt	239)	11)	16)	717)	687)
Long-term debt, net of current portion	15,607)	17,698)	19,717)	18,002)	9,465)
Total reported debt	15,846)	17,709)	19,733)	18,719)	10,152)
Total Paramount stockholders’ equity	23,036)	22,402)	15,371)	13,207)	2,804)
Total reported capital	38,882)	40,111)	35,104)	31,926)	12,956)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	931)
Add: Operating lease liabilities (included in Other current liabilities)²	292)	325)	306)	292)	—)
Add: Noncurrent operating lease liabilities³	1,428)	1,598)	1,583)	1,909)	—)
Adjusted total debt	17,566)	19,632)	21,622)	20,920)	11,083)
Adjustments to Equity
Less: Deferred income tax assets (liabilities), net⁴	165)	143)	215)	439)	(370)
Add: Allowance for credit losses	111)	80)	85)	86)	41)
Add: Deferred revenues	1,060)	1,200)	1,120)	910)	274)
Add: Restructuring liability	302)	190)	372)	400)	72)
Add: Redeemable noncontrolling interest	—)	107)	197)	254)	—)
Add: Noncontrolling interests	570)	568)	685)	82)	—)
Adjusted total equity	24,914)	24,404)	17,615)	14,500)	3,561)
After Adjustment
Adjusted total capital	42,480)	44,036)	39,237)	35,420)	14,644)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities (included in Other current liabilities). See details »

³ Noncurrent operating lease liabilities. See details »

⁴ Deferred income tax assets (liabilities), net. See details »

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Paramount Global, adjusted revenues

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Revenues	30,154)	28,586)	25,285)	27,812)	14,514)
Adjustment
Add: Increase (decrease) in deferred revenues	(140)	80)	212)	165)	(10)
After Adjustment
Adjusted revenues	30,014)	28,666)	25,497)	27,977)	14,504)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Paramount Global, adjusted net earnings attributable to Paramount

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net earnings attributable to Paramount	1,104)	4,543)	2,422)	3,308)	1,960)
Adjustments
Add: Deferred income tax expense (benefit)¹	(106)	90)	122)	(769)	44)
Add: Increase (decrease) in allowance for credit losses	31)	(5)	5)	—)	(8)
Add: Increase (decrease) in deferred revenues	(140)	80)	212)	165)	(10)
Add: Increase (decrease) in restructuring liability	112)	(182)	(24)	114)	6)
Less: Net earnings from discontinued operations, net of tax	379)	162)	117)	38)	—)
Add: Other comprehensive income (loss) from continuing operations, net of tax, Paramount and noncontrolling interests	97)	(68)	132)	(130)	(113)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	105)	87)	278)	33)	—)
After Adjustment
Adjusted net earnings, Paramount and noncontrolling interests	824)	4,383)	3,030)	2,683)	1,879)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax expense (benefit). See details »

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Paramount Global (NASDAQ:PARA)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income