PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except per share amounts) At December 31 2023 2022
ASSETS Current Assets: Cash and cash equivalents $ 2,460 $ 2,885 Receivables, net 7,115 7,412 Programming and other inventory 1,414 1,342 Prepaid expenses and other current assets 1,677 1,308 Current assets of discontinued operations 37 787 Total
current assets 12,703 13,734 Property and equipment, net 1,666 1,762 Programming and other inventory 13,851 16,278 Goodwill 16,516 16,499 Intangible assets, net 2,589 2,694 Operating lease assets 1,183 1,391 Deferred income tax assets, net 1,242
1,242 Other assets 3,793 3,991 Assets of discontinued operations 802 Total Assets $ 53,543 $ 58,393 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities: Accounts payable $ 1,100 $ 1,403 Accrued expenses 2,104 2,071
Participants share and royalties payable 2,702 2,416 Accrued programming and production costs 1,842 2,063 Deferred revenues 746 973 Debt 1 239 Other current liabilities 1,153 1,477 Current liabilities of discontinued operations 8 549 Total
current liabilities 9,656 11,191 Long-term debt 14,601 15,607 Participants share and royalties payable 1,394 1,744 Pension and postretirement benefit obligations 1,337 1,458 Deferred income tax liabilities, net 503 1,077 Operating lease
liabilities 1,256 1,428 Program rights obligations 204 367 Other liabilities 1,534 1,715 Liabilities of discontinued operations 8 200 Commitments and contingencies Paramount stockholders equity: 5.75% Series A Mandatory Convertible Preferred
Stock, par value $.001 per share; 25 shares authorized and 10 shares issued (2023 and 2022) Class A Common Stock, par value $.001 per share; 55 shares authorized; 41 (2023 and 2022) shares issued Class B Common
Stock, par value $.001 per share; 5,000 shares authorized; 1,115 (2023) and 1,112 (2022) shares issued 1 1 Additional paid-in capital 33,210 33,063 Treasury stock, at cost; 503 (2023 and 2022) shares of
Class B Common Stock (22,958) (22,958) Retained earnings 13,829 14,737 Accumulated other comprehensive loss (1,556) (1,807) Total Paramount stockholders equity 22,526 23,036 Noncontrolling interests 524 570 Total Equity 23,050 23,606
Total Liabilities and Equity $ 53,543 $ 58,393