\n| GAAP<\/b><\/td>\n | | \n\n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n\n B\/(W)%<\/b><\/p>\n<\/td>\n | | \n\n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n\n B\/(W)%<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Revenue<\/td>\n | | \n$<\/td>\n | \n \n6,564\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n6,075\n<\/p>\n<\/td>\n | | \n | \n\n \n8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n13,976\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n12,574\n<\/p>\n<\/td>\n | | \n | \n\n \n11\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Operating income<\/td>\n | | \n$<\/td>\n | \n \n1,226\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,251\n<\/p>\n<\/td>\n | | \n | \n\n \n(2\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2,754\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n2,153\n<\/p>\n<\/td>\n | | \n | \n\n \n28\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Net earnings from continuing operations attributable to ViacomCBS<\/td>\n | | \n$<\/td>\n | \n \n995\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n453\n<\/p>\n<\/td>\n | | \n | \n\n \n120\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1,894\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n954\n<\/p>\n<\/td>\n | | \n | \n\n \n99\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Diluted EPS from continuing operations attributable to ViacomCBS<\/td>\n | | \n$<\/td>\n | \n \n1.5\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n0.73\n<\/p>\n<\/td>\n | | \n | \n\n \n105\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2.93\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1.55\n<\/p>\n<\/td>\n | | \n | \n\n \n89\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Non-GAAP\u2020<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Adjusted OIBDA<\/td>\n | | \n$<\/td>\n | \n \n1,240\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,652\n<\/p>\n<\/td>\n | | \n | \n\n \n(25\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2,867\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n2,897\n<\/p>\n<\/td>\n | | \n | \n\n \n(1\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted net earnings from continuing operations attributable to ViacomCBS<\/td>\n | | \n$<\/td>\n | \n \n640\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n744\n<\/p>\n<\/td>\n | | \n | \n\n \n(14\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1,601\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,434\n<\/p>\n<\/td>\n | | \n | \n\n \n12\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted diluted EPS from continuing operations attributable to ViacomCBS<\/td>\n | | \n$<\/td>\n | \n \n0.97\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1.21\n<\/p>\n<\/td>\n | | \n | \n\n \n(20\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2.47\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n2.32\n<\/p>\n<\/td>\n | | \n | \n\n \n6\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \u2020 Non-GAAP measures are detailed in the Supplemental Disclosures at the end of this release.<\/td>\n<\/tr>\n | \n| *During the fourth quarter of 2020, ViacomCBS entered into an agreement to sell Simon & Schuster, which was previously reported as the Publishing segment. Simon & Schuster has been presented as a discontinued operation in the company\u2019s consolidated financial statements for all periods.<\/td>\n<\/tr>\n<\/table>\n OVERVIEW OF Q2 REVENUE<\/span><\/b><\/p>\nREVENUE BY TYPE<\/b><\/p>\n\n- \nAdvertising revenue grew 24% year-over-year, driven by CBS\u2019 broadcasts of 2021 sporting events for which there were no comparable broadcasts in the prior-year period as a result of COVID-19, and an improved advertising market.\n<\/li>\n
- \nAffiliate revenue increased 9% year-over-year, reflecting expanded distribution and higher reverse compensation and retransmission fees.\n<\/li>\n
- \nStreaming revenue rose 92% year-over-year:<\/p>\n
\n- \nStreaming advertising revenue more than doubled, growing 102% year-over-year, driven by growth in advertising on Pluto TV, Paramount+ and other digital video platforms.\n<\/li>\n
- \nStreaming subscription revenue grew 82% year-over-year, reflecting strong subscriber growth across the company\u2019s subscription services.\n<\/li>\n<\/ul>\n<\/li>\n
- \nTheatrical revenue reflects the release of A Quiet Place Part II<\/i> in the second quarter of 2021, while there were no releases in the prior-year period as a result of COVID-19.\n<\/li>\n
- \nLicensing and other revenue decreased 36% year-over-year, primarily reflecting the licensing of the domestic streaming rights to South Park<\/i> in the prior year and the impact on film licensing from the absence of theatrical releases throughout most of 2020 and the first quarter of 2021 due to COVID-19.\n<\/li>\n<\/ul>\n
\n\n| $ IN MILLIONS<\/td>\n | \u00a0<\/td>\n | Three Months Ended June 30<\/b><\/td>\n | \u00a0<\/td>\n | Six Months Ended June 30<\/b><\/td>\n<\/tr>\n\n | \n\u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | $ B\/(W) %<\/b><\/td>\n | \u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | $ B\/(W) %<\/b><\/td>\n<\/tr>\n\n| Advertising*<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n2,097\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n1,686\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n411\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n24\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n4,778\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n3,905\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n873\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n22\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Affiliate*<\/td>\n | \u00a0<\/td>\n | \n \n2,107\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,929\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n178\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n9\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n4,182\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,897\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n285\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Streaming<\/td>\n | \u00a0<\/td>\n | \n \n983\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n513\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n470\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n92\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n1,799\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,007\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n792\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n79\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Advertising<\/td>\n | \u00a0<\/td>\n | \n \n502\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n248\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n254\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n102\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n930\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n513\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n417\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n81\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Subscription<\/td>\n | \u00a0<\/td>\n | \n \n481\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n265\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n216\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n82\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n869\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n494\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n375\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n76\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Theatrical<\/td>\n | \u00a0<\/td>\n | \n \n134\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n131\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \n \n135\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n170\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(35\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(21\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Licensing and other<\/td>\n | \u00a0<\/td>\n | \n \n1,243\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,944\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(701\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(36\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,082\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,595\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(513\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(14\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total Revenue<\/b><\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n6,564\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n6,075\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n489\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n13,976\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n12,574\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n1,402\n<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n11\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n\u00a0<\/td>\n | | \n | \n\u00a0<\/td>\n | | \n | \n\u00a0<\/td>\n | | \n | \n | \n\u00a0<\/td>\n | | \n | \n\u00a0<\/td>\n | | \n | \n\u00a0<\/td>\n | | \n | \n\u00a0<\/td>\n | | \n | \n | \n\u00a0<\/td>\n | | \n\u00a0<\/td>\n<\/tr>\n | \n| *Excludes streaming revenue n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n GLOBAL STREAMING HIGHLIGHTS<\/b><\/p>\n\n- \nGlobal streaming subscribers rose to more than 42M, adding 6.5M subscribers in the quarter.<\/p>\n
\n- \nSubscriber additions in the quarter were led by Paramount+.<\/p>\n
\n- \nDomestically, Paramount+ originals drove strong subscriber sign-ups and engagement.<\/p>\n
\n- \nThe top drivers of sign-ups included the new iCarly<\/i> series, Infinite<\/i>, UEFA Champions League<\/i>, The Challenge: All Stars<\/i> and Why Women Kill<\/i>.\n<\/li>\n
- \nEngagement reached an all-time high in the quarter, driven by Infinite<\/i>, SpongeBob SquarePants<\/i>, the new iCarly<\/i> series, NCIS<\/i> and The SpongeBob Movie: Sponge on the Run<\/i>.\n<\/li>\n
- \nTotal viewing hours and watch time per active subscriber grew quarter-over-quarter.\n<\/li>\n<\/ul>\n<\/li>\n
- \nInternationally, Paramount+ launches to date have had strong momentum, led by its progress in Latin America.\n<\/li>\n
- \nParamount+ to launch in Australia and New Zealand this August and in key European markets, including the UK, Ireland, Italy, Germany, Switzerland and Austria in 2022 as part of new Sky partnership.\n<\/li>\n<\/ul>\n<\/li>\n
- \nSHOWTIME OTT delivered strong growth in sign-ups and engagement, driven by originals, including The Chi<\/i>, Shameless<\/i> and City on a Hill<\/i>.\n<\/li>\n<\/ul>\n<\/li>\n
- \nGlobal expansion and domestic growth helped global Pluto TV MAUs exceed 52M in the quarter and revenue surge 169% year-over-year, more than doubling for the fourth quarter in a row.<\/p>\n
\n- \nDomestic watch-time per user grew 45% year-over-year.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
REPORTING SEGMENTS<\/span><\/b><\/p>\nTV ENTERTAINMENT<\/b><\/p>\n\n- \nIn Q2, CBS was the most-watched network in Prime, Daytime and Late Night and claimed the quarter\u2019s top broadcast series, top 3 dramas, top 6 comedies and top news magazine.\n<\/li>\n
- \nRevenue grew 23% year-over-year, reflecting growth across all revenue streams.<\/p>\n
\n- \nAdvertising revenue increased 24% year-over-year, reflecting CBS\u2019 broadcast of the national semi-finals and championship games of the NCAA Tournament and professional golf tournaments, as well as an improved advertising market, partially offset by lower ratings.\n<\/li>\n
- \nAffiliate revenue grew 10% year-over-year, driven by growth in reverse compensation and retransmission fee revenue.\n<\/li>\n
- \nStreaming revenue rose 81% year-over-year, reflecting subscriber growth at Paramount+, as well as advertising growth from Paramount+ and other digital video platforms.\n<\/li>\n
- \nLicensing and other revenue increased 16% year-over-year, primarily driven by a higher volume of programming licensed internationally and produced for third-party broadcasters.\n<\/li>\n<\/ul>\n<\/li>\n
- \nAdjusted OIBDA decreased 45% year-over-year, reflecting the company\u2019s increased investment in Paramount+.\n<\/li>\n<\/ul>\n
\n\n| $ IN MILLIONS<\/td>\n | \u00a0<\/td>\n | Three Months Ended June 30<\/b><\/td>\n | | \nSix Months Ended June 30<\/b><\/td>\n<\/tr>\n\n | \n\u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n | | \n\n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n2,809\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n2,287\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n522\n<\/p>\n<\/td>\n | | \n | \n\n \n23\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n6,320\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n5,234\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,086\n<\/p>\n<\/td>\n | | \n | \n\n \n21\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Advertising*<\/td>\n | \u00a0<\/td>\n | \n \n1,088\n<\/p>\n<\/td>\n | | \n | \n\n \n880\n<\/p>\n<\/td>\n | | \n | \n\n \n208\n<\/p>\n<\/td>\n | | \n | \n\n \n24\n<\/p>\n<\/td>\n | | \n | \n\n \n2,895\n<\/p>\n<\/td>\n | | \n | \n\n \n2,168\n<\/p>\n<\/td>\n | | \n | \n\n \n727\n<\/p>\n<\/td>\n | | \n | \n\n \n34\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Affiliate*<\/td>\n | \u00a0<\/td>\n | \n \n691\n<\/p>\n<\/td>\n | | \n | \n\n \n629\n<\/p>\n<\/td>\n | | \n | \n\n \n62\n<\/p>\n<\/td>\n | | \n | \n\n \n10\n<\/p>\n<\/td>\n | | \n | \n\n \n1,384\n<\/p>\n<\/td>\n | | \n | \n\n \n1,252\n<\/p>\n<\/td>\n | | \n | \n\n \n132\n<\/p>\n<\/td>\n | | \n | \n\n \n11\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Streaming<\/td>\n | \u00a0<\/td>\n | \n \n350\n<\/p>\n<\/td>\n | | \n | \n\n \n193\n<\/p>\n<\/td>\n | | \n | \n\n \n157\n<\/p>\n<\/td>\n | | \n | \n\n \n81\n<\/p>\n<\/td>\n | | \n | \n\n \n672\n<\/p>\n<\/td>\n | | \n | \n\n \n397\n<\/p>\n<\/td>\n | | \n | \n\n \n275\n<\/p>\n<\/td>\n | | \n | \n\n \n69\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Licensing and other<\/td>\n | \u00a0<\/td>\n | \n \n680\n<\/p>\n<\/td>\n | | \n | \n\n \n585\n<\/p>\n<\/td>\n | | \n | \n\n \n95\n<\/p>\n<\/td>\n | | \n | \n\n \n16\n<\/p>\n<\/td>\n | | \n | \n\n \n1,369\n<\/p>\n<\/td>\n | | \n | \n\n \n1,417\n<\/p>\n<\/td>\n | | \n | \n\n \n(48\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(3\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Expenses<\/td>\n | \u00a0<\/td>\n | \n \n2,593\n<\/p>\n<\/td>\n | | \n | \n\n \n1,895\n<\/p>\n<\/td>\n | | \n | \n\n \n(698\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(37\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n5,655\n<\/p>\n<\/td>\n | | \n | \n\n \n4,269\n<\/p>\n<\/td>\n | | \n | \n\n \n(1,386\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(32\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted OIBDA<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n216\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n392\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n(176\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(45\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n665\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n965\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n(300\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(31\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n\u00a0<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *Excludes streaming revenue<\/td>\n<\/tr>\n<\/table>\n CABLE NETWORKS<\/b><\/p>\n\n- \nIn Q2, ViacomCBS had the most programs among the top 25 original cable series with P18-34 and P2-11 than any other cable family.\n<\/li>\n
- \nRevenue increased 8% year-over-year, primarily driven by higher streaming, advertising and affiliate revenue, partially offset by lower licensing revenue.<\/p>\n
\n- \nAdvertising revenue increased 24% year-over-year, largely driven by an improved advertising market and a 4-percentage point favorable impact of foreign exchange rate changes, partially offset by lower ratings.\n<\/li>\n
- \nAffiliate revenue grew 9% year-over-year, reflecting expanded vMVPD distribution and rate increases, partially offset by subscriber declines.\n<\/li>\n
- \nStreaming revenue increased 98% year-over-year, largely fueled by advertising revenue growth from Pluto TV, as well as growth in subscribers for subscription streaming services, including SHOWTIME OTT and BET+.\n<\/li>\n
- \nLicensing and other revenue decreased 48% year-over-year, primarily reflecting the licensing of the domestic streaming rights to South Park<\/i> in the prior-year quarter, partially offset by revenue from the licensing of programming to Paramount+.\n<\/li>\n<\/ul>\n<\/li>\n
- \nAdjusted OIBDA declined 12% year-over-year, reflecting the benefit to 2020 from the domestic licensing of South Park<\/i> and an increased investment in content, partially offset by the above-mentioned revenue increases.\n<\/li>\n<\/ul>\n
\n\n| $ IN MILLIONS<\/td>\n | \u00a0<\/td>\n | Three Months Ended June 30<\/b><\/td>\n | | \nSix Months Ended June 30<\/b><\/td>\n<\/tr>\n\n | \n\u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n | | \n\n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n3,475\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n3,232\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n243\n<\/p>\n<\/td>\n | | \n | \n\n \n8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n6,734\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n6,090\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n644\n<\/p>\n<\/td>\n | | \n | \n\n \n11\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Advertising*<\/td>\n | \u00a0<\/td>\n | \n \n1,011\n<\/p>\n<\/td>\n | | \n | \n\n \n815\n<\/p>\n<\/td>\n | | \n | \n\n \n196\n<\/p>\n<\/td>\n | | \n | \n\n \n24\n<\/p>\n<\/td>\n | | \n | \n\n \n1,889\n<\/p>\n<\/td>\n | | \n | \n\n \n1,760\n<\/p>\n<\/td>\n | | \n | \n\n \n129\n<\/p>\n<\/td>\n | | \n | \n\n \n7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Affiliate*<\/td>\n | \u00a0<\/td>\n | \n \n1,416\n<\/p>\n<\/td>\n | | \n | \n\n \n1,300\n<\/p>\n<\/td>\n | | \n | \n\n \n116\n<\/p>\n<\/td>\n | | \n | \n\n \n9\n<\/p>\n<\/td>\n | | \n | \n\n \n2,798\n<\/p>\n<\/td>\n | | \n | \n\n \n2,645\n<\/p>\n<\/td>\n | | \n | \n\n \n153\n<\/p>\n<\/td>\n | | \n | \n\n \n6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Streaming<\/td>\n | \u00a0<\/td>\n | \n \n633\n<\/p>\n<\/td>\n | | \n | \n\n \n320\n<\/p>\n<\/td>\n | | \n | \n\n \n313\n<\/p>\n<\/td>\n | | \n | \n\n \n98\n<\/p>\n<\/td>\n | | \n | \n\n \n1,127\n<\/p>\n<\/td>\n | | \n | \n\n \n610\n<\/p>\n<\/td>\n | | \n | \n\n \n517\n<\/p>\n<\/td>\n | | \n | \n\n \n85\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Licensing and other<\/td>\n | \u00a0<\/td>\n | \n \n415\n<\/p>\n<\/td>\n | | \n | \n\n \n797\n<\/p>\n<\/td>\n | | \n | \n\n \n(382\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(48\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n920\n<\/p>\n<\/td>\n | | \n | \n\n \n1,075\n<\/p>\n<\/td>\n | | \n | \n\n \n(155\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(14\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Expenses<\/td>\n | \u00a0<\/td>\n | \n \n2,350\n<\/p>\n<\/td>\n | | \n | \n\n \n1,947\n<\/p>\n<\/td>\n | | \n | \n\n \n(403\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(21\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n4,425\n<\/p>\n<\/td>\n | | \n | \n\n \n4,011\n<\/p>\n<\/td>\n | | \n | \n\n \n(414\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(10\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted OIBDA<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n1,125\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,285\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n(160\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(12\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2,309\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n2,079\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n230\n<\/p>\n<\/td>\n | | \n | \n\n \n11\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n\u00a0<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n\u00a0<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *Excludes streaming revenue<\/td>\n<\/tr>\n<\/table>\n FILMED ENTERTAINMENT<\/b><\/p>\n\n- \nRevenue grew 3% year-over-year, primarily driven by current quarter theatrical releases, partially offset by lower licensing revenue.<\/p>\n
\n- \nTheatrical revenue reflects the release of A Quiet Place Part II<\/i>.\n<\/li>\n
- \nLicensing and other revenue decreased 17% year-over-year because of lower home entertainment revenue as a result of the absence of theatrical releases due to COVID-19.\n<\/li>\n<\/ul>\n<\/li>\n
- \nAdjusted OIBDA declined 38% year-over-year, reflecting distribution costs associated with current quarter theatrical releases and other anticipated releases later in 2021.\n<\/li>\n<\/ul>\n
\n\n| $ IN MILLIONS<\/td>\n | \u00a0<\/td>\n | Three Months Ended June 30<\/b><\/td>\n | | \nSix Months Ended June 30<\/b><\/td>\n<\/tr>\n\n | \n\u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n | | \n\n 2021<\/b><\/p>\n<\/td>\n | | \n\n 2020<\/b><\/p>\n<\/td>\n | | \n$ B\/(W) %<\/b><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n667\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n647\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n20\n<\/p>\n<\/td>\n | | \n | \n\n \n3\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1,664\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n1,458\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n206\n<\/p>\n<\/td>\n | | \n | \n\n \n14\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Theatrical<\/td>\n | \u00a0<\/td>\n | \n \n134\n<\/p>\n<\/td>\n | | \n | \n\n \n3\n<\/p>\n<\/td>\n | | \n | \n\n \n131\n<\/p>\n<\/td>\n | | \n | \n\n \nn\/m\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n135\n<\/p>\n<\/td>\n | | \n | \n\n \n170\n<\/p>\n<\/td>\n | | \n | \n\n \n(35\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(21\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Licensing and other<\/td>\n | \u00a0<\/td>\n | \n \n533\n<\/p>\n<\/td>\n | | \n | \n\n \n644\n<\/p>\n<\/td>\n | | \n | \n\n \n(111\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(17\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n1,529\n<\/p>\n<\/td>\n | | \n | \n\n \n1,288\n<\/p>\n<\/td>\n | | \n | \n\n \n241\n<\/p>\n<\/td>\n | | \n | \n\n \n19\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Expenses<\/td>\n | \u00a0<\/td>\n | \n \n595\n<\/p>\n<\/td>\n | | \n | \n\n \n531\n<\/p>\n<\/td>\n | | \n | \n\n \n(64\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(12\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n1,388\n<\/p>\n<\/td>\n | | \n | \n\n \n1,315\n<\/p>\n<\/td>\n | | \n | \n\n \n(73\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(6\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted OIBDA<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \n \n72\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n116\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n(44\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n(38\n<\/p>\n<\/td>\n | \n \n)%\n<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n276\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n143\n<\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n133\n<\/p>\n<\/td>\n | | \n | \n\n \n93\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n\u00a0<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | \u00a0<\/td>\n<\/tr>\n<\/table>\n BALANCE SHEET & LIQUIDITY <\/b><\/p>\n\n- \nAs of June 30, 2021, the company had $5.4B of cash on its balance sheet and a committed $3.5B revolving credit facility that remains undrawn.\n<\/li>\n<\/ul>\n
ABOUT VIACOMCBS<\/b><\/p>\n \nViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry\u2019s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.\n<\/p>\n \nFor more information about ViacomCBS, please visit www.viacomcbs.com<\/a> and follow @ViacomCBS on social platforms.\n<\/p>\n\nVIAC-IR\n<\/p>\n CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n \nThis communication contains both historical and forward-looking statements, including statements related to our future results and performance. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforesee,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cestimate\u201d or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: changes in consumer behavior, as well as evolving technologies, distribution platforms and packaging; the impact on our advertising revenues of changes in consumers\u2019 content viewership, deficiencies in audience measurement and advertising market conditions; our ability to maintain attractive brands and our reputation, and to offer popular programming and other content; increased costs for programming, films and other rights; competition for content, audiences, advertising and distribution; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and programming; the risks and costs associated with the integration of the CBS Corporation and Viacom Inc. businesses and investments in new businesses, products, services and technologies, including our streaming initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; the impact of COVID-19 (and other widespread health emergencies or pandemics) and measures taken in response thereto; domestic and global political, economic and\/or regulatory factors affecting our businesses generally; liabilities related to discontinued operations and former businesses; the loss of key talent and strikes and other union activity; potential conflicts of interest arising from our ownership structure with a controlling stockholder; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.\n<\/p>\n \n\n| \n VIACOMCBS INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (Unaudited; in millions, except per share amounts)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n Three Months Ended<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Six Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRevenues\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n6,564\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n6,075\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n13,976\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n12,574\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCosts and expenses:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,865\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n3,361\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n8,228\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n7,317\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nSelling, general and administrative\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,459\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,183\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,881\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,481\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDepreciation and amortization\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n95\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n122\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n194\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n234\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRestructuring and other corporate matters\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n35\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n158\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n35\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n389\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal costs and expenses\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n5,454\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n4,824\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11,338\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n10,421\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet gain on sales\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n116\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n116\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating income\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,226\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,251\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,754\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,153\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInterest expense\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(243\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(263\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(502\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(504\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInterest income\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n13\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n26\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n25\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet gains from investments\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n32\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n32\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n52\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n32\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLoss on extinguishment of debt\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(103\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(128\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(103\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther items, net\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(10\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(26\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(29\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(54\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEarnings from continuing operations before income taxes and equity\n<\/p>\n \nin loss of investee companies\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,018\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n902\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,173\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,549\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n(Provision) benefit for income taxes\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n34\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(192\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(192\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(326\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEquity in loss of investee companies, net of tax\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(44\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(12\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(62\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(21\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,008\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n698\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,919\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,202\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from discontinued operations, net of tax\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n41\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n28\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n53\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n43\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings (ViacomCBS and noncontrolling interests)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,049\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n726\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,972\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,245\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings attributable to noncontrolling interests\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(13\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(245\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(25\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(248\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings attributable to ViacomCBS\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,036\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n481\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,947\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n997\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAmounts attributable to ViacomCBS:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n995\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n453\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,894\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n954\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from discontinued operations, net of tax\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n41\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n28\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n53\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n43\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings attributable to ViacomCBS\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,036\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n481\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,947\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n997\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nBasic net earnings per common share attributable to ViacomCBS:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.52\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.74\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2.96\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.55\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from discontinued operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.06\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.05\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.08\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.07\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.58\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.78\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n3.05\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.62\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDiluted net earnings per common share attributable to ViacomCBS:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.50\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.73\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2.93\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.55\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from discontinued operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.06\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.05\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.08\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.07\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.56\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n.78\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n3.01\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.62\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nWeighted average number of common shares outstanding:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nBasic\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n646\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n615\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n634\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n615\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDiluted\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n662\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n617\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n647\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n617\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n VIACOMCBS INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (Unaudited; in millions, except per share amounts)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n At<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n At<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n June 30, 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n December 31, 2020<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n ASSETS<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCurrent Assets:\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCash and cash equivalents\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n5,375\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,984\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReceivables, net\n<\/p>\n<\/td>\n | | \n\n \n6,824\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n7,017\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProgramming and other inventory\n<\/p>\n<\/td>\n | | \n\n \n1,419\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,757\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPrepaid expenses and other current assets\n<\/p>\n<\/td>\n | | \n\n \n1,089\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,391\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCurrent assets of discontinued operations\n<\/p>\n<\/td>\n | | \n\n \n547\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n630\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal current assets\n<\/p>\n<\/td>\n | | \n\n \n15,254\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n13,779\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProperty and equipment, net\n<\/p>\n<\/td>\n | | \n\n \n1,979\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,994\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProgramming and other inventory\n<\/p>\n<\/td>\n | | \n\n \n11,421\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n10,363\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGoodwill\n<\/p>\n<\/td>\n | | \n\n \n16,601\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n16,612\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIntangible assets, net\n<\/p>\n<\/td>\n | | \n\n \n2,805\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2,826\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating lease assets\n<\/p>\n<\/td>\n | | \n\n \n1,440\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,602\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred income tax assets, net\n<\/p>\n<\/td>\n | | \n\n \n1,235\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n993\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther assets\n<\/p>\n<\/td>\n | | \n\n \n3,658\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,657\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets held for sale\n<\/p>\n<\/td>\n | | \n\n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n28\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets of discontinued operations\n<\/p>\n<\/td>\n | | \n\n \n811\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n809\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal Assets\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n55,204\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n52,663\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCurrent Liabilities:\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccounts payable\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n602\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n571\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccrued expenses\n<\/p>\n<\/td>\n | | \n\n \n1,828\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,714\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nParticipants\u2019 share and royalties payable\n<\/p>\n<\/td>\n | | \n\n \n2,176\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2,005\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccrued programming and production costs\n<\/p>\n<\/td>\n | | \n\n \n1,168\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,141\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred revenues\n<\/p>\n<\/td>\n | | \n\n \n1,104\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n978\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDebt\n<\/p>\n<\/td>\n | | \n\n \n17\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n16\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther current liabilities\n<\/p>\n<\/td>\n | | \n\n \n1,230\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,391\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCurrent liabilities of discontinued operations\n<\/p>\n<\/td>\n | | \n\n \n461\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n480\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal current liabilities\n<\/p>\n<\/td>\n | | \n\n \n8,586\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n8,296\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLong-term debt\n<\/p>\n<\/td>\n | | \n\n \n17,703\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n19,717\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nParticipants\u2019 share and royalties payable\n<\/p>\n<\/td>\n | | \n\n \n1,326\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,317\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPension and postretirement benefit obligations\n<\/p>\n<\/td>\n | | \n\n \n2,025\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2,098\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred income tax liabilities, net\n<\/p>\n<\/td>\n | | \n\n \n888\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n778\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating lease liabilities\n<\/p>\n<\/td>\n | | \n\n \n1,472\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,583\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProgram rights obligations\n<\/p>\n<\/td>\n | | \n\n \n188\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n243\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther liabilities\n<\/p>\n<\/td>\n | | \n\n \n1,960\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2,158\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLiabilities of discontinued operations\n<\/p>\n<\/td>\n | | \n\n \n210\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n220\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRedeemable noncontrolling interest\n<\/p>\n<\/td>\n | | \n\n \n190\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n197\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCommitments and contingencies\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nViacomCBS stockholders\u2019 equity:\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized and 10 shares issued (2021)\n<\/p>\n<\/td>\n | | \n\n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nClass A Common Stock, par value $.001 per share; 55 shares authorized; 41 (2021) and 52 (2020) shares issued\n<\/p>\n<\/td>\n | | \n\n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nClass B Common Stock, par value $.001 per share; 5,000 shares authorized; 1,108 (2021) and 1,068 (2020) shares issued\n<\/p>\n<\/td>\n | | \n\n \n1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdditional paid-in capital\n<\/p>\n<\/td>\n | | \n\n \n32,901\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n29,785\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTreasury stock, at cost; 503 (2021 and 2020) Class B shares\n<\/p>\n<\/td>\n | | \n\n \n(22,958\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(22,958\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRetained earnings\n<\/p>\n<\/td>\n | | \n\n \n12,007\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n10,375\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccumulated other comprehensive loss\n<\/p>\n<\/td>\n | | \n\n \n(1,853\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(1,832\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal ViacomCBS stockholders\u2019 equity\n<\/p>\n<\/td>\n | | \n\n \n20,098\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n15,371\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNoncontrolling interests\n<\/p>\n<\/td>\n | | \n\n \n558\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n685\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal Equity\n<\/p>\n<\/td>\n | | \n\n \n20,656\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n16,056\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal Liabilities and Equity\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n55,204\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n52,663\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n VIACOMCBS INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (Unaudited; in millions)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n Six Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Operating Activities:<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings (ViacomCBS and noncontrolling interests)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,972\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,245\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLess: Net earnings from discontinued operations, net of tax\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n53\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n43\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earnings from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,919\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,202\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjustments to reconcile net earnings from continuing operations to net cash flow provided by operating activities:\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDepreciation and amortization\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n194\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n234\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred tax (benefit) provision\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(110\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n227\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nStock-based compensation\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n101\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n143\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet gain on sales\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(116\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGains from investments\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(52\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(32\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLoss on extinguishment of debt\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n128\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n103\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEquity in loss of investee companies, net of tax and distributions\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n62\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n22\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nChange in assets and liabilities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(424\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(741\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by operating activities from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,702\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,158\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by (used for) operating activities from discontinued operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n89\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(7\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by operating activities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,791\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,151\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n Investing Activities:<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInvestments\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(114\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(60\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCapital expenditures\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(138\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(131\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAcquisitions, net of cash acquired\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(141\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProceeds from dispositions\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n408\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n146\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther investing activities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(25\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by (used for) investing activities from continuing operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n131\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(186\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow used for investing activities from discontinued operations\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(2\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(1\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by (used for) investing activities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n129\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(187\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n Financing Activities:<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRepayments of short-term debt borrowings, net\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(698\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProceeds from issuance of long-term debt\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n4,370\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRepayment of long-term debt\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(2,200\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(2,535\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDividends paid on common stock\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(302\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(301\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProceeds from issuance of preferred stock\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n983\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProceeds from issuance of common stock\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1,672\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPurchase of Company common stock\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(58\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPayment of payroll taxes in lieu of issuing shares for stock-based compensation\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(49\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(59\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProceeds from exercise of stock options\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n408\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther financing activities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(161\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(70\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet cash flow provided by financing activities\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n351\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n649\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEffect of exchange rate changes on cash, cash equivalents and restricted cash\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n(8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(17\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet increase in cash, cash equivalents and restricted cash\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2,263\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,596\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCash, cash equivalents and restricted cash at beginning of period (includes $135 (2021) and $202 (2020) of restricted cash)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n3,119\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n834\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCash, cash equivalents and restricted cash at end of period (includes $7 (2021) and $142 (2020) of restricted cash)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n5,382\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,430\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES
\n
<\/b>(Unaudited; in millions, except per share amounts) <\/b><\/p>\n \nResults for the three and six months ended June 30, 2021 and 2020 included certain items identified as affecting comparability. Adjusted operating income before depreciation and amortization (\u201cAdjusted OIBDA\u201d), adjusted earnings from continuing operations before income taxes, adjusted provision for income taxes, adjusted net earnings from continuing operations attributable to ViacomCBS, and adjusted diluted EPS from continuing operations (together, the \u201cadjusted measures\u201d) exclude the impact of these items and are measures of performance not calculated in accordance with accounting principles generally accepted in the United States of America (\u201cGAAP\u201d). We use these measures to, among other things, evaluate our operating performance. These measures are among the primary measures used by management for planning and forecasting of future periods, and they are important indicators of our operational strength and business performance. In addition, we use Adjusted OIBDA to, among other things, value prospective acquisitions. We believe these measures are relevant and useful for investors because they allow investors to view performance in a manner similar to the method used by our management; provide a clearer perspective on our underlying performance; and make it easier for investors, analysts and peers to compare our operating performance to other companies in our industry and to compare our year-over-year results.\n<\/p>\n \nBecause the adjusted measures are measures of performance not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, operating income, earnings from continuing operations before income taxes, provision\/benefit for income taxes, net earnings from continuing operations attributable to ViacomCBS or diluted EPS from continuing operations, as applicable, as indicators of operating performance. These measures, as we calculate them, may not be comparable to similarly titled measures employed by other companies.\n<\/p>\n \nThe following tables reconcile the adjusted measures to their most directly comparable financial measures in accordance with GAAP.\n<\/p>\n \n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n Three Months Ended<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Six Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nOperating income (GAAP)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,226\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,251\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,754\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,153\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDepreciation and amortization (a)<\/sup><\/p>\n<\/td>\n| \u00a0<\/td>\n | \n \n95\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n122\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n194\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n234\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRestructuring and other corporate matters (b)<\/sup><\/p>\n<\/td>\n| \u00a0<\/td>\n | \n \n35\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n158\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n35\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n389\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProgramming charges (b)<\/sup><\/p>\n<\/td>\n| \u00a0<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n121\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n121\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet gain on sales (b)<\/sup><\/p>\n<\/td>\n| \u00a0<\/td>\n | \n \n(116\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(116\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u2014\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjusted OIBDA (Non-GAAP)\n<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,240\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1,652\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,867\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2,897\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n (a)<\/sup><\/p>\n<\/td>\n | \n\n \nThe three and six months ended June 30, 2020 include an impairment charge for FCC licenses of $25 million and the six months ended June 30, 2020 also includes accelerated depreciation of $12 million for technology that was abandoned in connection with synergy plans related to the merger of Viacom Inc. with and into CBS Corporation (the \u201cMerger\u201d).\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n (b)<\/sup><\/p>\n<\/td>\n | \n\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |