0001628280-22-028658 | 10-Q | XBRL Viewer

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Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2022	Oct. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-15839
Entity Registrant Name	ACTIVISION BLIZZARD, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4803544
Entity Address, Address Line One	2701 Olympic Boulevard Building B
Entity Address, City or Town	Santa Monica,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404
City Area Code	310
Local Phone Number	255-2000
Title of 12(b) Security	Common Stock, par value $0.000001 per share
Trading Symbol	ATVI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		782,625,319
Entity Central Index Key	0000718877
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 7,743	$ 10,423
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Current	2,945	0
Accounts receivable, net	658	972
Software development	1,011	449
Other current assets	753	712
Total current assets	13,110	12,556
Software development	156	211
Property and equipment, net	171	169
Deferred income taxes, net	1,266	1,377
Other assets	541	497
Intangible assets, net	448	447
Goodwill	9,928	9,799
Total assets	25,620	25,056
Current liabilities:
Accounts payable	229	285
Deferred revenues	979	1,118
Accrued expenses and other liabilities	1,070	1,008
Total current liabilities	2,278	2,411
Long-term debt, net	3,610	3,608
Deferred income taxes, net	98	506
Other liabilities	826	932
Total liabilities	6,812	7,457
Commitments and contingencies
Shareholders’ equity:
Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,211,236,117 and 1,207,729,623 shares issued at September 30, 2022 and December 31, 2021, respectively	0	0
Additional paid-in capital	12,192	11,715
Less: Treasury stock, at cost, 428,676,471 shares at September 30, 2022 and December 31, 2021	(5,563)	(5,563)
Retained earnings	12,768	12,025
Accumulated other comprehensive loss	(589)	(578)
Total shareholders’ equity	18,808	17,599
Total liabilities and shareholders’ equity	$ 25,620	$ 25,056

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.000001	$ 0.000001
Common stock, shares authorized (in shares)	2,400,000,000	2,400,000,000
Common stock, shares issued (in shares)	1,211,236,117	1,207,729,623
Treasury stock, shares (in shares)	428,676,471	428,676,471

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net revenues
Total net revenues	$ 1,782	$ 2,070	$ 5,194	$ 6,640
Cost of Revenue-product sales and in-game, subscription, and other:
Product development	277	329	935	1,016
Sales and marketing	287	244	801	727
General and administrative	229	143	693	614
Restructuring and related costs	2	3	(3)	46
Total costs and expenses	1,297	1,246	3,892	4,062
Operating income	485	824	1,302	2,578
Interest and other (income) expense, net	(15)	65	16	52
Income before income tax expense	500	759	1,286	2,526
Income tax expense	65	120	176	391
Net income	$ 435	$ 639	$ 1,110	$ 2,135
Earnings per common share
Basic (in dollars per share)	$ 0.56	$ 0.82	$ 1.42	$ 2.75
Diluted (in dollars per share)	$ 0.55	$ 0.82	$ 1.41	$ 2.72
Weighted-average number of shares outstanding
Basic (in shares)	782	778	781	777
Diluted (in shares)	789	783	788	784
Product sales
Net revenues
Total net revenues	$ 231	$ 423	$ 921	$ 1,666
Product costs
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	107	120	279	375
Software royalties and amortization
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	9	72	153	272
In-game, subscription, and other revenues
Net revenues
Total net revenues	1,551	1,647	4,273	4,974
Game operations and distribution costs
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	343	307	948	925
Software royalties and amortization
Cost of Revenue-product sales and in-game, subscription, and other:
Cost of revenues	$ 43	$ 28	$ 86	$ 87

CONDENSED CONSOLIDATED STATEMENTS 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	$ 435	$ 639	$ 1,110	$ 2,135
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	(38)	(14)	(64)	(8)
Unrealized gains (losses) on forward contracts designated as hedges, net of tax	26	14	34	40
Unrealized gains (losses) on available-for-sale securities, net of tax	14	6	19	3
Total other comprehensive income (loss)	2	6	(11)	35
Comprehensive income	$ 437	$ 645	$ 1,099	$ 2,170

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Cash flows from operating activities:

Net income

$ 1,110

$ 2,135

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income taxes

(302)

(82)

Non-cash operating lease cost

Depreciation and amortization

Amortization of capitalized software development costs

^[1]

141

256

Share-based compensation expense

^[2]

301

259

Realized and unrealized gain on equity investment

(36)

Other

(38)

(3)

Changes in operating assets and liabilities, net of effect of business acquisitions:

Accounts receivable, net

297

462

Software development

(527)

(303)

Other assets

(30)

(88)

Deferred revenues

(124)

(818)

Accounts payable

(46)

Accrued expenses and other liabilities

175

(117)

Net cash provided by operating activities

1,097

1,753

Cash flows from investing activities:

Proceeds from maturities of available-for-sale investments

120

Proceeds from sale of available-for-sale investments

Purchases of available-for-sale investments

(109)

(248)

Purchases of held-to-maturity investments

(2,944)

Acquisition of business, net of cash acquired (Note 4)

(135)

Capital expenditures

(67)

(59)

Other investing activities

Net cash used in investing activities

(3,193)

(101)

Cash flows from financing activities:

Proceeds from issuance of common stock to employees

(147)

(246)

Dividends paid

(367)

(365)

Net cash used in financing activities

(473)

(533)

Effect of foreign exchange rate changes on cash and cash equivalents

(100)

(35)

Net (decrease) increase in cash and cash equivalents and restricted cash

(2,669)

1,084

Cash and cash equivalents and restricted cash at beginning of period

10,438

8,652

Cash and cash equivalents and restricted cash at end of period

$ 7,769

$ 9,736

[1]	Excludes deferral and amortization of share-based compensation expense, including liability awards accounted for under Accounting Standards Codification (“ASC”) 718.
[2]	Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense, including liability awards accounted for under ASC 718.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Common stock, beginning balance (in shares) at Dec. 31, 2020		1,203
Treasury stock, beginning balance (in shares) at Dec. 31, 2020			(429)
Beginning balance at Dec. 31, 2020	$ 15,037	$ 0	$ (5,563)	$ 11,531	$ 9,691	$ (622)
Components of comprehensive income:
Net income	619				619
Other comprehensive income (loss)	22					22
Issuance of common stock pursuant to employee stock options (in shares)		1
Issuance of common stock pursuant to employee stock options	33			33
Issuance of common stock pursuant to restricted stock units (in shares)		4
Issuance of common stock pursuant to restricted stock units	0
Restricted stock surrendered for employees' tax liability (in shares)		(2)
Restricted stock surrendered for employees’ tax liability	(165)			(165)
Share-based compensation expense related to employee stock options and restricted stock units	150			150
Dividends	(365)				(365)
Common stock, ending balance (in shares) at Mar. 31, 2021		1,206
Treasury stock, ending balance (in shares) at Mar. 31, 2021			(429)
Ending balance at Mar. 31, 2021	15,331	$ 0	$ (5,563)	11,549	9,945	(600)
Common stock, beginning balance (in shares) at Dec. 31, 2020		1,203
Treasury stock, beginning balance (in shares) at Dec. 31, 2020			(429)
Beginning balance at Dec. 31, 2020	15,037	$ 0	$ (5,563)	11,531	9,691	(622)
Components of comprehensive income:
Net income	2,135
Other comprehensive income (loss)	35
Common stock, ending balance (in shares) at Sep. 30, 2021		1,207
Treasury stock, ending balance (in shares) at Sep. 30, 2021			(429)
Ending balance at Sep. 30, 2021	16,950	$ 0	$ (5,563)	11,640	11,460	(587)
Common stock, beginning balance (in shares) at Mar. 31, 2021		1,206
Treasury stock, beginning balance (in shares) at Mar. 31, 2021			(429)
Beginning balance at Mar. 31, 2021	15,331	$ 0	$ (5,563)	11,549	9,945	(600)
Components of comprehensive income:
Net income	876				876
Other comprehensive income (loss)	7					7
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	33			33
Restricted stock surrendered for employees' tax liability (in shares)		0
Restricted stock surrendered for employees’ tax liability	(7)			(7)
Share-based compensation expense related to employee stock options and restricted stock units	46			46
Common stock, ending balance (in shares) at Jun. 30, 2021		1,206
Treasury stock, ending balance (in shares) at Jun. 30, 2021			(429)
Ending balance at Jun. 30, 2021	16,286	$ 0	$ (5,563)	11,621	10,821	(593)
Components of comprehensive income:
Net income	639				639
Other comprehensive income (loss)	6					6
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	12			12
Issuance of common stock pursuant to restricted stock units (in shares)		2
Restricted stock surrendered for employees' tax liability (in shares)		(1)
Restricted stock surrendered for employees’ tax liability	(73)			(73)
Share-based compensation expense related to employee stock options and restricted stock units	80			80
Common stock, ending balance (in shares) at Sep. 30, 2021		1,207
Treasury stock, ending balance (in shares) at Sep. 30, 2021			(429)
Ending balance at Sep. 30, 2021	16,950	$ 0	$ (5,563)	11,640	11,460	(587)
Common stock, beginning balance (in shares) at Dec. 31, 2021		1,208
Treasury stock, beginning balance (in shares) at Dec. 31, 2021			(429)
Beginning balance at Dec. 31, 2021	17,599	$ 0	$ (5,563)	11,715	12,025	(578)
Components of comprehensive income:
Net income	395				395
Other comprehensive income (loss)	(8)					(8)
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	15			15
Issuance of common stock pursuant to restricted stock units (in shares)		4
Issuance of common stock pursuant to restricted stock units	0
Restricted stock surrendered for employees' tax liability (in shares)		(2)
Restricted stock surrendered for employees’ tax liability	(131)			(131)
Settlement of liability-classified awards in restricted stock units (Note 11)	204			204
Share-based compensation expense related to employee stock options and restricted stock units	124			124
Dividends	(367)				(367)
Common stock, ending balance (in shares) at Mar. 31, 2022		1,210
Treasury stock, ending balance (in shares) at Mar. 31, 2022			(429)
Ending balance at Mar. 31, 2022	17,831	$ 0	$ (5,563)	11,927	12,053	(586)
Common stock, beginning balance (in shares) at Dec. 31, 2021		1,208
Treasury stock, beginning balance (in shares) at Dec. 31, 2021			(429)
Beginning balance at Dec. 31, 2021	17,599	$ 0	$ (5,563)	11,715	12,025	(578)
Components of comprehensive income:
Net income	1,110
Other comprehensive income (loss)	(11)
Common stock, ending balance (in shares) at Sep. 30, 2022		1,211
Treasury stock, ending balance (in shares) at Sep. 30, 2022			(429)
Ending balance at Sep. 30, 2022	18,808	$ 0	$ (5,563)	12,192	12,768	(589)
Common stock, beginning balance (in shares) at Mar. 31, 2022		1,210
Treasury stock, beginning balance (in shares) at Mar. 31, 2022			(429)
Beginning balance at Mar. 31, 2022	17,831	$ 0	$ (5,563)	11,927	12,053	(586)
Components of comprehensive income:
Net income	280				280
Other comprehensive income (loss)	(5)					(5)
Issuance of common stock pursuant to employee stock options (in shares)		1
Issuance of common stock pursuant to employee stock options	22			22
Restricted stock surrendered for employees' tax liability (in shares)		0
Restricted stock surrendered for employees’ tax liability	(9)			(9)
Share-based compensation expense related to employee stock options and restricted stock units	129			129
Common stock, ending balance (in shares) at Jun. 30, 2022		1,211
Treasury stock, ending balance (in shares) at Jun. 30, 2022			(429)
Ending balance at Jun. 30, 2022	18,248	$ 0	$ (5,563)	12,069	12,333	(591)
Components of comprehensive income:
Net income	435				435
Other comprehensive income (loss)	2					2
Issuance of common stock pursuant to employee stock options (in shares)		0
Issuance of common stock pursuant to employee stock options	4			4
Restricted stock surrendered for employees' tax liability (in shares)		0
Restricted stock surrendered for employees’ tax liability	(8)			(8)
Share-based compensation expense related to employee stock options and restricted stock units	127			127
Common stock, ending balance (in shares) at Sep. 30, 2022		1,211
Treasury stock, ending balance (in shares) at Sep. 30, 2022			(429)
Ending balance at Sep. 30, 2022	$ 18,808	$ 0	$ (5,563)	$ 12,192	$ 12,768	$ (589)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) (Parenthetical) - $ / shares			3 Months Ended
	Feb. 03, 2022	Feb. 04, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in dollars per share)	$ 0.47	$ 0.47	$ 0.47	$ 0.47

Description of Business and Basis of Consolidation and Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Consolidation and Presentation	1. Description of Business and Basis of Consolidation and Presentation Activision Blizzard, Inc. is a leading global developer and publisher of interactive entertainment content and services. We develop and distribute content and services on video game consoles, personal computers (“PCs”), and mobile devices. We also operate esports leagues and offer digital advertising within some of our content. The terms “Activision Blizzard,” the “Company,” “we,” “us,” and “our” are used to refer collectively to Activision Blizzard, Inc. and its subsidiaries. Merger Agreement On January 18, 2022, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Microsoft Corporation (“Microsoft”) and Anchorage Merger Sub Inc. (“Merger Sub”), a wholly owned subsidiary of Microsoft. Subject to the terms and conditions of the Merger Agreement, Microsoft agreed to acquire the Company for $95.00 per issued and outstanding share of our common stock, par value $0.000001 per share, in an all-cash transaction. Pursuant to the Merger Agreement, following consummation of the merger of Merger Sub with and into the Company (the “Merger”), the Company will be a wholly-owned subsidiary of Microsoft. As a result of the Merger, we will cease to be a publicly traded company. We have agreed to various customary covenants and agreements, including, among others, agreements to conduct our business in the ordinary course during the period between the execution of the Merger Agreement and the effective time of the Merger (the “Effective Time”). We do not believe these restrictions will prevent us from meeting our debt service obligations, ongoing costs of operations, working capital needs or capital expenditure requirements. The consummation of the Merger remains subject to customary closing conditions, including satisfaction of certain regulatory approvals. On April 28, 2022, the Company’s stockholders adopted the Merger Agreement at a special meeting of stockholders. The Merger is currently expected to close in Microsoft’s fiscal year ending June 30, 2023. For additional information related to the Merger Agreement, please refer to the Definitive Proxy Statement on Schedule 14A filed with the SEC on March 21, 2022, as supplemented by the Current Report on Form 8-K filed with the SEC on April 15, 2022, as well as Part I Item 1 “Business” of our Annual Report on Form 10-K for the year ended December 31, 2021, and other relevant materials in connection with the proposed transaction with Microsoft that we will file with the SEC and that will contain important information about the Company and the Merger. Our Segments Based upon our organizational structure, we conduct our business through three reportable segments, each of which is a leading global developer and publisher of interactive entertainment content and services based primarily on our internally-developed intellectual properties. (i) Activision Publishing, Inc. Activision Publishing, Inc. (“Activision”) delivers content through both premium and free-to-play offerings and primarily generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products. Activision’s key product offerings include titles and content for Call of Duty®, a first-person action franchise. Activision also includes the activities of the Call of Duty League™, a global professional esports league with city-based teams. (ii) Blizzard Entertainment, Inc. Blizzard Entertainment, Inc. (“Blizzard”) delivers content through both premium and free-to-play offerings and primarily generates revenue from full-game and in-game sales, subscriptions, and by licensing software to third-party or related-party companies that distribute Blizzard products. Blizzard also maintains a proprietary online gaming platform, Battle.net®, which facilitates digital distribution of Blizzard content and selected Activision content, online social connectivity, and the creation of user-generated content. Blizzard’s key product offerings include titles and content for: the Warcraft® franchise, which includes World of Warcraft®, a subscription-based massive multi-player online role-playing game, and Hearthstone®, an online collectible card game based in the Warcraft universe; Diablo® in the action role-playing genre; and Overwatch® in the team-based first-person action genre. Blizzard also includes the activities of the Overwatch League™, a global professional esports league with city-based teams. (iii) King Digital Entertainment King Digital Entertainment (“King”) delivers content through free-to-play offerings and primarily generates revenue from in-game sales and in-game advertising on mobile platforms. King’s key product offerings include titles and content for Candy Crush™, a “match three” franchise. Other We also engage in other businesses that do not represent reportable segments, including the Activision Blizzard Distribution (“Distribution”) business, which consists of operations in Europe that provide warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, our own publishing operations, and manufacturers of interactive entertainment hardware. Basis of Consolidation and Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the SEC and accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by U.S. GAAP have been condensed or omitted if they substantially duplicate the disclosures contained in our annual audited consolidated financial statements. Additionally, the year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021. The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In the opinion of management, all adjustments considered necessary for the fair statement of our financial position and results of operations in accordance with U.S. GAAP (consisting of normal recurring adjustments) have been included in the accompanying unaudited condensed consolidated financial statements. Actual results could differ from these estimates and assumptions. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated.

Software Development

9 Months Ended

Sep. 30, 2022

Software Development Costs [Abstract]

Software Development

2. Software Development

Our total capitalized software development costs of $1.2 billion and $660 million as of September 30, 2022 and December 31, 2021, respectively, primarily relate to internal development costs.

Amortization of capitalized software development costs was as follows (amounts in millions):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Amortization of capitalized software development costs	$	8	$	71	$	148	$	270

Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, Net

3. Intangible Assets, Net

Intangible assets, net, consist of the following (amounts in millions):


	At September 30, 2022
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets (1):



Trade names and other	1	-	10 years	$	90	$	(75)	$	15


Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	448

(1) Beginning with the first quarter of 2022, the balances of the internally-developed franchises intangible assets have been removed as such amounts were fully amortized in the prior year.


	At December 31, 2021
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets:
Internally-developed franchises	3	-	11 years	$	1,154	$	(1,154)	$	—



Trade names and other	1	-	10 years	80		(66)		14
Total definite-lived intangible assets				$	1,234	$	(1,220)	$	14

Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	447

Goodwill and Acquisitions

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisitions

4. Goodwill and Acquisitions

The carrying amount of goodwill by reportable segment at both September 30, 2022 and December 31, 2021, was as follows (amounts in millions):


	Activision		Blizzard		King		Total





Balance at December 31, 2021	$	6,933	$	190	$	2,676	$	9,799
Additions through acquisition (1)	—		98		33		131
Other	(2)		—		—		(2)
Balance at September 30, 2022	$	6,931	$	288	$	2,709	$	9,928

(1) The Company completed the acquisition of two businesses to acquire 100% of the voting equity interests during June 2022:

•Proletariat Inc. (“Proletariat”), a privately held game development studio based in Boston, Massachusetts, was acquired by Blizzard to increase developer resources for the Warcraft franchise.

•Peltarion AB (“Peltarion”), a privately held artificial intelligence (“AI”) software company based in Stockholm, Sweden, was acquired by King to acquire AI and machine learning talent and a machine learning operations platform that will accelerate the current use of AI and machine learning technology in King’s game platform.

The total purchase price for these acquisitions was $152 million utilizing cash on hand. The value to the Company of both of these acquisitions is primarily in the assembled workforce of the acquired businesses and therefore the majority of the value for each acquisition has been recognized as goodwill. Goodwill attributed to the acquired businesses is not expected to be tax-deductible. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of September 30, 2022 and are considered preliminary, pending finalization of our valuation of these assets and liabilities.

The results of operations of Proletariat and Peltarion, in each case, since the date of acquisition, are included in our condensed consolidated financial statements. Pro forma results of operations have not been presented because the effect of the acquisitions are not material to our condensed consolidated statements of operations, either individually or in the aggregate.

Fair Value Measurements

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

5. Fair Value Measurements

The Financial Accounting Standards Board literature regarding fair value measurements for certain assets and liabilities establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of “observable inputs” and minimize the use of “unobservable inputs.” The three levels of inputs used to measure fair value are as follows:

•Level 1—Quoted prices in active markets for identical assets or liabilities;

•Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets or other inputs that are observable or can be corroborated by observable market data; and

•Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs.

Fair Value Measurements on a Recurring Basis

The table below segregates all of our financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date (amounts in millions):


			Fair Value Measurements at September 30, 2022 Using
	As of September 30, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance Sheet Classification
Financial Assets:
Recurring fair value measurements:
Money market funds	$	7,367	$	7,367	$	—	$	—	Cash and cash equivalents
Available-for-sale foreign government treasury bills	19		19		—		—		Cash and cash equivalents
Available-for-sale U.S. treasuries and government agency securities	176		176		—		—		Other current assets
Equity securities	44		44		—		—		Other current assets
Foreign currency forward contracts designated as hedges	64		—		64		—		Other current assets & Other assets

Total	$	7,670	$	7,606	$	64	$	—


			Fair Value Measurements at December 31, 2021 Using
	As of December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance Sheet Classification
Financial Assets:
Recurring fair value measurements:
Money market funds	$	10,035	$	10,035	$	—	$	—	Cash and cash equivalents
Available-for-sale foreign government treasury bills	34		34		—		—		Cash and cash equivalents
Available-for-sale U.S. treasuries and government agency securities	130		130		—		—		Other current assets
Equity securities	50		50		—		—		Other current assets
Foreign currency forward contracts designated as hedges	20		—		20		—		Other current assets

Total	$	10,269	$	10,249	$	20	$	—

Foreign Currency Forward Contracts

Foreign Currency Forward Contracts Designated as Hedges (“Cash Flow Hedges”)

The total gross notional amounts and fair values of our Cash Flow Hedges, which generally had remaining maturities of 14 months or less as of September 30, 2022, are as follows (amounts in millions):


	As of September 30, 2022				As of December 31, 2021
	Notional amount		Fair value gain (loss)		Notional amount		Fair value gain (loss)
Foreign Currency:
Buy USD, Sell EUR	$	519	$	64	$	382	$	20

For the three and nine months ended September 30, 2022 and 2021, pre-tax net realized gains (losses) associated with our Cash Flow Hedges that were reclassified out of “Accumulated other comprehensive income (loss)” and into earnings were not material.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Held-to-Maturity Investments

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Held-to-Maturity Investments

6. Held-to-Maturity Investments

We determine the classification of investments (e.g. held-to-maturity, available-for-sale or trading) in debt securities at the time of purchase and reevaluate such designation as of each reporting period. Investments in debt securities are designated as held-to-maturity when we have the positive intent and ability to hold the securities to maturity. Held-to-maturity investments are carried at amortized cost. Interest and amortization of discounts and premiums, which is computed under the effective interest method, are included in “Interest and other (income) expense, net” in our condensed consolidated statements of operations.

When the fair value of an investment classified as held-to-maturity is less than its amortized cost, we assess whether or not (i) we have the intent to sell the instrument or (ii) it is more likely than not that we will be required to sell the instrument before its anticipated recovery. If either of these conditions is met, we recognize an other-than-temporary impairment for the difference between the instrument’s amortized cost basis and its fair value, and include such amounts in “Interest and other (income) expense, net” in our condensed consolidated statements of operations.

The following table summarizes the Company's held-to-maturity investments at September 30, 2022 (amount in millions):


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized losses		Estimated Fair Value (Level 1)
U.S. treasuries and government agency securities	$	2,945	$	—	$	—	$	2,945

At September 30, 2022, all contractual maturities of held-to-maturity investments were less than 12 months and amortized costs of these investments approximates fair value.

Deferred Revenues	9 Months Ended
Deferred Revenues	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Deferred Revenues	7. Deferred Revenues We record deferred revenues when cash payments are received or due in advance of the fulfillment of our associated performance obligations. The aggregate of the current and non-current balances of deferred revenues as of September 30, 2022 and December 31, 2021, were $1.0 billion and $1.1 billion, respectively. For the nine months ended September 30, 2022, the additions to our deferred revenues balance were primarily due to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenues balance were primarily due to the recognition of revenues upon fulfillment of our performance obligations, all of which were in the ordinary course of business. During the three and nine months ended September 30, 2022, $30 million and $1.0 billion, respectively, of revenues were recognized that were included in the deferred revenues balance at December 31, 2021. During the three and nine months ended September 30, 2021, $87 million and $1.7 billion, respectively, of revenues were recognized that were included in the deferred revenues balance at December 31, 2020. As of September 30, 2022, the aggregate amount of contracted revenues allocated to our unsatisfied performance obligations was $1.5 billion, which included our deferred revenues balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $1.4 billion over the next 12 months and approximately $0.1 billion in the subsequent 12-month period. This balance did not include an estimate for variable consideration arising from sales-based royalty license revenue in excess of the contractual minimum guarantee or any estimated amounts of variable consideration that are subject to constraint in accordance with the revenue accounting standard.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Name Accounting Standards Codification
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
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-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Debt

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Debt

8. Debt

Credit Facilities

As of September 30, 2022 and December 31, 2021, we had $1.5 billion available under a revolving credit facility (the “Revolver”) pursuant to a credit agreement entered into on October 11, 2013 (as amended thereafter and from time to time, the “Credit Agreement”). To date, we have not drawn on the Revolver and we were in compliance with the terms of the Credit Agreement as of September 30, 2022.

Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2021 for further details regarding the Credit Agreement and its key terms.

Unsecured Senior Notes

As of September 30, 2022 and December 31, 2021, we had $3.7 billion of gross unsecured senior notes outstanding. A summary of our outstanding unsecured senior notes is as follows (amounts in millions):


				At September 30, 2022				At December 31, 2021
Unsecured Senior Notes	Interest Rate	Semi-Annual Interest Payments Due On	Maturity	Principal		Fair Value (Level 2)		Principal		Fair Value (Level 2)




2026 Notes	3.40%	Mar. 15 & Sept. 15	Sept. 2026	$	850	$	807	$	850	$	912
2027 Notes	3.40%	Jun. 15 & Dec. 15	Jun. 2027	400		374		400		430
2030 Notes	1.35%	Mar. 15 & Sept. 15	Sept. 2030	500		380		500		463
2047 Notes	4.50%	Jun. 15 & Dec. 15	Jun. 2047	400		352		400		480
2050 Notes	2.50%	Mar. 15 & Sept. 15	Sept. 2050	1,500		924		1,500		1,320
Total gross long-term debt				$	3,650			$	3,650
Unamortized discount and deferred financing costs				(40)				(42)
Total net carrying amount				$	3,610			$	3,608

We were in compliance with the terms of the notes outstanding as of September 30, 2022. As of September 30, 2022, with the exception of our 2026 Notes and 2027 Notes, which are scheduled to mature in September 2026 and June 2027, respectively, no other contractual principal repayments of our long-term debt were due within the next five years.

Refer to Note 13 contained in our Annual Report on Form 10-K for the year ended December 31, 2021 for further details regarding key terms under our indentures that govern our outstanding notes.

- 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
-Topic 470
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Topic 235
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-Section S99
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

9. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows (amounts in millions):


	For the Nine Months Ended September 30, 2022
	Foreign currency translation adjustments		Unrealized gain (loss) on available-for- sale securities		Unrealized gain (loss) on forward contracts		Total
Balance at December 31, 2021	$	(606)	$	3	$	25	$	(578)
Other comprehensive income (loss) before reclassifications	(64)		24		67		27
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	—		(5)		(33)		(38)
Balance at September 30, 2022	$	(670)	$	22	$	59	$	(589)


	For the Nine Months Ended September 30, 2021
	Foreign currency translation adjustments		Unrealized gain (loss) on available-for- sale securities		Unrealized gain (loss) on forward contracts		Total
Balance at December 31, 2020	$	(589)	$	(5)	$	(28)	$	(622)
Other comprehensive income (loss) before reclassifications	(8)		—		27		19
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	—		3		13		16
Balance at September 30, 2021	$	(597)	$	(2)	$	12	$	(587)

Operating Segments and Geographic Regions

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Operating Segments and Geographic Regions

10. Operating Segments and Geographic Regions

We have three reportable segments—Activision, Blizzard, and King. Our operating segments are consistent with the manner in which our operations are reviewed and managed by our Chief Executive Officer, who is our chief operating decision maker (“CODM”). The CODM reviews segment performance exclusive of: the impact of the change in deferred revenues and related cost of revenues with respect to certain of our online-enabled games; share-based compensation expense (including liability awards accounted for under ASC 718); amortization of intangible assets as a result of purchase price accounting; fees and other expenses (including legal fees, expenses, and accruals) related to acquisitions, associated integration activities, and financings; certain restructuring and related costs; and certain other non-cash charges. The CODM does not review any information regarding total assets on an operating segment basis, and accordingly, no disclosure is made with respect thereto.

Our operating segments are also consistent with our internal organizational structure, the way we assess operating performance and allocate resources, and the availability of separate financial information. We do not aggregate operating segments.

Information on reportable segment net revenues and operating income for the three months ended September 30, 2022 and 2021, are presented below (amounts in millions):


	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	480	$	534	$	692	$	1,706
Intersegment net revenues (1)	—		9		—		9
Segment net revenues	$	480	$	543	$	692	$	1,715

Segment operating income	$	153	$	166	$	297	$	616

	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	641	$	478	$	652	$	1,771
Intersegment net revenues (1)	—		15		—		15
Segment net revenues	$	641	$	493	$	652	$	1,786

Segment operating income	$	244	$	188	$	303	$	735

Information on reportable segment net revenues and operating income for the nine months ended September 30, 2022 and 2021, are presented below (amounts in millions):



	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	1,423	$	1,189	$	2,058	$	4,670
Intersegment net revenues (1)	—		29		—		29
Segment net revenues	$	1,423	$	1,218	$	2,058	$	4,699

Segment operating income	$	304	$	314	$	811	$	1,429

	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	2,321	$	1,347	$	1,896	$	5,564
Intersegment net revenues (1)	—		62		—		62
Segment net revenues	$	2,321	$	1,409	$	1,896	$	5,626

Segment operating income	$	1,049	$	537	$	755	$	2,341

(1)Intersegment revenues reflect licensing and service fees charged between segments.

Reconciliations of total segment net revenues and total segment operating income to consolidated net revenues and consolidated income before income tax expense are presented in the table below (amounts in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Reconciliation to consolidated net revenues:
Segment net revenues	$	1,715	$	1,786	$	4,699	$	5,626
Revenues from non-reportable segments (1)	123		109		278		303
Net effect from recognition (deferral) of deferred net revenues (2)	(47)		190		246		773
Elimination of intersegment revenues (3)	(9)		(15)		(29)		(62)
Consolidated net revenues	$	1,782	$	2,070	$	5,194	$	6,640

Reconciliation to consolidated income before income tax expense:
Segment operating income	$	616	$	735	$	1,429	$	2,341
Operating income (loss) from non-reportable segments (1)	14		4		28		(12)
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2)	(25)		154		210		562
Share-based compensation expense (4)	(102)		(64)		(301)		(259)
Amortization of intangible assets	(6)		(2)		(9)		(8)
Restructuring and related costs	(2)		(3)		3		(46)
Merger and acquisition-related fees and other expenses (5)	(10)		—		(58)		—

Consolidated operating income	485		824		1,302		2,578
Interest and other (income) expense, net	(15)		65		16		52

Consolidated income before income tax expense	$	500	$	759	$	1,286	$	2,526

(1)Includes other income and expenses outside of our reportable segments, including our Distribution business and unallocated corporate income and expenses.

(2)Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

(4)Expenses related to share-based compensation, including $25 million and $54 million for the three and nine months ended September 30, 2022, respectively, related to liability awards accounted for under ASC 718.

(5)Reflects fees and other expenses related to our proposed transaction with Microsoft, which primarily consist of legal and advisory fees.

Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the three months ended September 30, 2022 and 2021, were as follows (amounts in millions):



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	501	$	421	$	693	$	—	$	(9)	$	1,606
Retail channels	23		2		—		—		—		25
Other (2)	9		24		—		118		—		151
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Digital online channels (1)	$	(36)	$	96	$	(1)	$	—	$	—	$	59
Retail channels	(17)		—		—		—		—		(17)
Other (2)	—		—		—		5		—		5
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Digital online channels (1)	$	465	$	517	$	692	$	—	$	(9)	$	1,665
Retail channels	6		2		—		—		—		8
Other (2)	9		24		—		123		—		156
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	723	$	493	$	651	$	—	$	(15)	$	1,852
Retail channels	63		6		—		—		—		69
Other (2)	8		33		—		108		—		149
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Digital online channels (1)	$	(128)	$	(37)	$	1	$	—	$	—	$	(164)
Retail channels	(25)		(2)		—		—		—		(27)
Other (2)	—		—		—		1		—		1
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Digital online channels (1)	$	595	$	456	$	652	$	—	$	(15)	$	1,688
Retail channels	38		4		—		—		—		42
Other (2)	8		33		—		109		—		150
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880

Net revenues by distribution channel, including a reconciliation to each of our reportable segment’s revenues, for the nine months ended September 30, 2022 and 2021, were as follows (amounts in millions):


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	1,643	$	994	$	2,060	$	—	$	(29)	$	4,668
Retail channels	170		7		—		—		—		177
Other (2)	31		47		—		271		—		349
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Digital online channels (1)	$	(286)	$	171	$	(2)	$	—	$	—	$	(117)
Retail channels	(135)		—		—		—		—		(135)
Other (2)	—		(1)		—		7		—		6
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Digital online channels (1)	$	1,357	$	1,165	$	2,058	$	—	$	(29)	$	4,551
Retail channels	35		7		—		—		—		42
Other (2)	31		46		—		278		—		355
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	2,625	$	1,426	$	1,894	$	—	$	(62)	$	5,883
Retail channels	334		20		—		—		—		354
Other (2)	38		71		—		294		—		403
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Digital online channels (1)	$	(491)	$	(101)	$	2	$	—	$	—	$	(590)
Retail channels	(185)		(7)		—		—		—		(192)
Other (2)	—		—		—		9		—		9
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Digital online channels (1)	$	2,134	$	1,325	$	1,896	$	—	$	(62)	$	5,293
Retail channels	149		13		—		—		—		162
Other (2)	38		71		—		303		—		412
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1)Net revenues from “Digital online channels” include revenues from digitally-distributed downloadable content, microtransactions, subscriptions, and products, as well as licensing royalties.

(2)Net revenues from “Other” primarily include revenues from our Distribution business, the Overwatch League, and the Call of Duty League.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

Geographic information presented below is based on the location of the paying customer. Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2022 and 2021, were as follows (amounts in millions):



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	358	$	190	$	457	$	—	$	(6)	$	999
EMEA (1)	117		107		158		118		(2)		498
Asia Pacific	58		150		78		—		(1)		285
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Americas	$	(33)	$	42	$	—	$	—	$	—	$	9
EMEA (1)	(17)		18		—		5		—		6
Asia Pacific	(3)		36		(1)		—		—		32
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Americas	$	325	$	232	$	457	$	—	$	(6)	$	1,008
EMEA (1)	100		125		158		123		(2)		504
Asia Pacific	55		186		77		—		(1)		317
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	515	$	243	$	417	$	—	$	(9)	$	1,166
EMEA (1)	187		166		163		108		(5)		619
Asia Pacific	92		123		71		—		(1)		285
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Americas	$	(110)	$	(27)	$	1	$	—	$	—	$	(136)
EMEA (1)	(42)		(22)		—		1		—		(63)
Asia Pacific	(1)		10		—		—		—		9
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Americas	$	405	$	216	$	418	$	—	$	(9)	$	1,030
EMEA (1)	145		144		163		109		(5)		556
Asia Pacific	91		133		71		—		(1)		294
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880

Net revenues by geographic region, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2022 and 2021, were as follows (amounts in millions):


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	1,214	$	463	$	1,341	$	—	$	(19)	$	2,999
EMEA (1)	448		291		491		271		(8)		1,493
Asia Pacific	182		294		228		—		(2)		702
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Americas	$	(258)	$	82	$	(2)	$	—	$	—	$	(178)
EMEA (1)	(141)		30		(1)		7		—		(105)
Asia Pacific	(22)		58		1		—		—		37
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Americas	$	956	$	545	$	1,339	$	—	$	(19)	$	2,821
EMEA (1)	307		321		490		278		(8)		1,388
Asia Pacific	160		352		229		—		(2)		739
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	1,942	$	698	$	1,215	$	—	$	(36)	$	3,819
EMEA (1)	780		507		485		294		(21)		2,045
Asia Pacific	275		312		194		—		(5)		776
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Americas	$	(420)	$	(57)	$	2	$	—	$	—	$	(475)
EMEA (1)	(213)		(55)		(1)		9		—		(260)
Asia Pacific	(43)		4		1		—		—		(38)
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Americas	$	1,522	$	641	$	1,217	$	—	$	(36)	$	3,344
EMEA (1)	567		452		484		303		(21)		1,785
Asia Pacific	232		316		195		—		(5)		738
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions.

(2) Intersegment revenues reflect licensing and service fees charged between segments.

The Company’s net revenues in the U.S. were 49% of consolidated net revenues for both the three months ended September 30, 2022 and 2021. The Company’s net revenues in the United Kingdom (“U.K.”) were 10% of consolidated net revenues for both the three months ended September 30, 2022 and 2021. No other country’s net revenues exceeded 10% of consolidated net revenues for the three months ended September 30, 2022 or 2021.

The Company’s net revenues in the U.S. were 51% and 50% of consolidated net revenues for the nine months ended September 30, 2022 and 2021, respectively. The Company’s net revenues in the U.K. were 10% of consolidated net revenues for both the nine months ended September 30, 2022 and 2021. No other country’s net revenues exceeded 10% of consolidated net revenues for the nine months ended September 30, 2022 or 2021.

Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2022 and 2021, were as follows (amounts in millions):



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	313	$	23	$	—	$	—	$	—	$	336
PC	75		279		18		—		(9)		363
Mobile and ancillary (1)	136		121		675		—		—		932
Other (2)	9		24		—		118		—		151
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Console	$	(43)	$	(6)	$	—	$	—	$	—	$	(49)
PC	(6)		35		—		—		—		29
Mobile and ancillary (1)	(4)		67		(1)		—		—		62
Other (2)	—		—		—		5		—		5
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Console	$	270	$	17	$	—	$	—	$	—	$	287
PC	69		314		18		—		(9)		392
Mobile and ancillary (1)	132		188		674		—		—		994
Other (2)	9		24		—		123		—		156
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	480	$	43	$	—	$	—	$	—	$	523
PC	140		434		19		—		(15)		578
Mobile and ancillary (1)	166		22		632		—		—		820
Other (2)	8		33		—		108		—		149
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Console	$	(119)	$	5	$	—	$	—	$	—	$	(114)
PC	(33)		(47)		—		—		—		(80)
Mobile and ancillary (1)	(1)		3		1		—		—		3
Other (2)	—		—		—		1		—		1
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Console	$	361	$	48	$	—	$	—	$	—	$	409
PC	107		387		19		—		(15)		498
Mobile and ancillary (1)	165		25		633		—		—		823
Other (2)	8		33		—		109		—		150
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880

Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2022 and 2021, were as follows (amounts in millions):


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	1,129	$	66	$	—	$	—	$	—	$	1,195
PC	297		760		52		—		(29)		1,080
Mobile and ancillary (1)	387		175		2,008		—		—		2,570
Other (2)	31		47		—		271		—		349
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Console	$	(358)	$	(8)	$	—	$	—	$	—	$	(366)
PC	(84)		56		—		—		—		(28)
Mobile and ancillary (1)	21		123		(2)		—		—		142
Other (2)	—		(1)		—		7		—		6
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Console	$	771	$	58	$	—	$	—	$	—	$	829
PC	213		816		52		—		(29)		1,052
Mobile and ancillary (1)	408		298		2,006		—		—		2,712
Other (2)	31		46		—		278		—		355
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	1,971	$	90	$	—	$	—	$	—	$	2,061
PC	532		1,293		64		—		(62)		1,827
Mobile and ancillary (1)	456		63		1,830		—		—		2,349
Other (2)	38		71		—		294		—		403
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Console	$	(530)	$	—	$	—	$	—	$	—	$	(530)
PC	(145)		(108)		—		—		—		(253)
Mobile and ancillary (1)	(1)		—		2		—		—		1
Other (2)	—		—		—		9		—		9
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Console	$	1,441	$	90	$	—	$	—	$	—	$	1,531
PC	387		1,185		64		—		(62)		1,574
Mobile and ancillary (1)	455		63		1,832		—		—		2,350
Other (2)	38		71		—		303		—		412
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1)Net revenues from “Mobile and ancillary” primarily include revenues from mobile devices.

(2)Net revenues from “Other” primarily include revenues from our Distribution business, the Overwatch League, and the Call of Duty League.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

Long-lived assets by geographic region were as follows (amounts in millions):



	At September 30, 2022		At December 31, 2021
Long-lived assets* by geographic region:
Americas	$	264	$	264
EMEA	101		122
Asia Pacific	21		20
Total long-lived assets by geographic region	$	386	$	406

* The only long-lived assets that we classify by region are our long-term tangible fixed assets, which consist of property, plant, and equipment assets and lease right-of-use assets. All other long-term assets are not allocated by location.

- 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
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share-Based Payments

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Share-Based Payments

11. Share-Based Payments

Stock Option Activity

Stock option activity is as follows:


	Number of shares (in thousands)	Weighted-average exercise price per stock option		Weighted-average remaining contractual term (in years)	Aggregate intrinsic value (in millions)
Outstanding stock options at December 31, 2021	9,133	$	57.77
Granted	—	—
Exercised	(857)	46.74
Forfeited	(162)	72.97
Expired	(46)	74.37
Outstanding stock options at September 30, 2022	8,068	$	58.54	6.38	$	150
Vested and expected to vest at September 30, 2022	7,919	$	58.06	6.35	$	150
Exercisable at September 30, 2022	5,790	$	50.89	5.77	$	140

The aggregate intrinsic value in the table above represents the total pretax intrinsic value (i.e., the difference between our closing stock price on the last trading day of the period and the exercise price, times the number of shares for options where the closing stock price is greater than the exercise price) that would have been received by the option holders had all option holders exercised their options on that date. This amount changes based on the market value of our stock.

At September 30, 2022, $15 million of total unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 0.75 years.

Restricted Stock Units (“RSUs”) Activity

We grant RSUs, which represent the right to receive shares of our common stock. Vesting for RSUs is generally contingent upon the holder’s continued employment with us and may be subject to other conditions (which may include the satisfaction of a performance measure). Also, certain of our performance-based RSUs, including those that are market-based, include a range of shares that may be released at vesting, which are above or below the targeted number of RSUs based on actual performance relative to the performance measure. If the vesting conditions are not met, unvested RSUs will be forfeited. Upon vesting of the RSUs, we may withhold shares otherwise deliverable to satisfy tax withholding requirements.

The following table summarizes our RSU activity with performance-based RSUs, including those with market conditions, presented at 100% of the target level shares that may potentially vest (amounts in thousands, except per share data):


	Number of shares	Weighted- average grant date fair value per RSU
Unvested RSUs at December 31, 2021	13,258	$	75.51
Granted	5,600	79.90
Vested	(4,511)	77.09
Forfeited	(1,359)	82.90
Unvested RSUs at September 30, 2022	12,988	$	76.23

As of December 31, 2021, we had recorded a share-based compensation liability related to compensation payments under our annual performance plans for 2021 which the Company determined to settle amounts not yet paid in stock as opposed to cash. During the nine months ended September 30, 2022, we settled the share-based compensation liability by granting 2,777 thousand RSUs that vested during the first quarter shortly after grant. The number of shares issued was based on the Company’s closing stock price on the date of grant. The impact of this settlement was recorded in “Additional Paid-In-Capital” in our condensed consolidated statement of changes in shareholders’ equity for the nine months ended September 30, 2022.

At September 30, 2022, $417 million of total unrecognized compensation cost related to RSUs is expected to be recognized over a weighted-average period of 1.28 years. Of the total unrecognized compensation cost, $63 million was related to performance-based RSUs, which is expected to be recognized over a weighted-average period of 0.89 years.

Restructuring

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring

12. Restructuring

During 2019, we began implementing a plan aimed at refocusing our resources on our largest opportunities and removing unnecessary levels of complexity from certain parts of our business. We substantially completed all actions under our plan and accrued for these costs accordingly as of December 31, 2021. The remaining activity under the plan is primarily related to cash outlays to be made over time to impacted personnel.

The following table summarizes accrued restructuring and related costs included in “Accrued expenses and other liabilities” and “Other liabilities” in our condensed consolidated balance sheet and the cumulative charges incurred (amounts in millions):


	Severance and employee related costs		Other costs		Total




























Balance at December 31, 2021	$	64	$	21	$	85

Cash payments	(12)		(8)		(20)
Non-cash charge and other adjustments	(3)		—		(3)
Balance at March 31, 2022	$	49	$	13	$	62

Cash payments	(12)		—		(12)
Non-cash charge and other adjustments	(2)		(5)		(7)
Balance at June 30, 2022	$	35	$	8	$	43

Cash payments	(7)		—		(7)
Non-cash charge and other adjustments	(1)		(1)		(2)
Balance at September 30, 2022	$	27	$	7	$	34

Interest and Other (Income) Expense, Net

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Interest and Other (Income) Expense, Net

13. Interest and Other (Income) Expense, Net

Interest and other (income) expense, net is comprised of the following (amounts in millions):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Interest income	$	(51)	$	(1)	$	(68)	$	(4)
Interest expense from debt and amortization of debt discount and deferred financing costs	27		27		81		81
Realized and unrealized loss (gain) on equity investment	10		36		6		(35)
Other (income) expense, net	(1)		3		(3)		10
Interest and other (income) expense, net	$	(15)	$	65	$	16	$	52

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes We account for our provision for income taxes in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, which requires an estimate of the annual effective tax rate for the full year to be applied to the interim period, taking into account year-to-date amounts and projected results for the full year. The provision for income taxes represents federal, foreign, state, and local income taxes. Our effective tax rate could be different from the statutory U.S. income tax rate due to: the effect of state and local income taxes; tax rates that apply to our foreign income (including U.S. tax on foreign income); research and development credits; and certain nondeductible expenses. Our effective tax rate could fluctuate significantly from quarter to quarter based on recurring and nonrecurring factors including, but not limited to: variations in the estimated and actual level of pre-tax income or loss by jurisdiction; changes in enacted tax laws and regulations, and interpretations thereof, including with respect to tax credits and state and local income taxes; developments in tax audits and other matters; recognition of excess tax benefits and tax deficiencies from share-based payments; and certain nondeductible expenses. Changes in judgment from the evaluation of new information resulting in the recognition, derecognition, or remeasurement of a tax position taken in a prior annual period are recognized separately in the quarter of the change. The income tax expense of $65 million for the three months ended September 30, 2022, reflects an effective tax rate of 13%, which is lower than the effective tax rate of 16% for the three months ended September 30, 2021. Our tax rate in the current quarter is lower than in the prior year due to changes in the mix of our pre-tax income between countries, partially offset by discrete tax benefits recognized in 2021, related to a favorable tax return to accrual adjustment and excess tax benefits from share-based payments. The income tax expense of $176 million for the nine months ended September 30, 2022, reflects an effective tax rate of 14%, which is lower than the effective tax rate of 15% for the nine months ended September 30, 2021. The decrease is primarily due to changes in the mix of our pre-tax income among countries, partially offset by a discrete tax benefit recognized in 2021 related to deferred tax remeasurement. The effective tax rate of 13% and 14% for the three and nine months ended September 30, 2022, respectively, are lower than the U.S. statutory rate of 21%, primarily due to lower taxes on foreign earnings and U.S. research and development credits. Activision Blizzard’s tax years after 2008 remain open to examination by certain major taxing jurisdictions to which we are subject. The Internal Revenue Service is currently examining our federal tax returns for the 2012 through 2019 tax years. We also have several state and non-U.S. audits pending. In addition, King’s pre-acquisition tax returns remain open in various jurisdictions, primarily as a result of transfer pricing matters. We anticipate resolving King’s transfer pricing for both pre- and post-acquisition tax years through a collaborative multilateral process with the tax authorities in the relevant jurisdictions, which include the U.K. and Sweden. While the outcome of this process remains uncertain, it could result in an agreement that changes the allocation of profits and losses between these and other relevant jurisdictions or a failure to reach an agreement that results in unilateral adjustments to the amount and timing of taxable income in the jurisdictions in which King operates. In addition, certain of our subsidiaries are under examination or investigation, or may be subject to examination or investigation, by tax authorities in various jurisdictions. These proceedings may lead to adjustments or proposed adjustments to our taxes or provisions for uncertain tax positions. Such proceedings may have a material adverse effect on the Company’s consolidated financial position, liquidity, or results of operations in the earlier of the period or periods in which the matters are resolved and in which appropriate tax provisions are taken into account in our financial statements. If we were to receive a materially adverse assessment from a taxing jurisdiction, we would plan to vigorously contest it and consider all of our options, including the pursuit of judicial remedies. We regularly assess the likelihood of adverse outcomes resulting from these examinations and monitor the progress of ongoing discussions with tax authorities in determining the appropriateness of our tax provisions. The final resolution of the Company’s global tax disputes is uncertain. There is significant judgment required in the analysis of disputes, including the probability determination and estimation of the potential exposure. Based on current information, in the opinion of the Company’s management, the ultimate resolution of these matters is not expected to have a material adverse effect on the Company’s consolidated financial position, liquidity, or results of operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

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+ Details

Computation of Basic/Diluted Earnings Per Common Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic/Diluted Earnings Per Common Share

15. Computation of Basic/Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Consolidated net income	$	435	$	639	$	1,110	$	2,135




Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding	782		778		781		777
Effect of dilutive stock options and awards under the treasury stock method	7		5		7		7
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method	789		783		788		784

Basic earnings per common share	$	0.56	$	0.82	$	1.42	$	2.75
Diluted earnings per common share	$	0.55	$	0.82	$	1.41	$	2.72

The vesting of certain of our employee-related restricted stock units is contingent upon the satisfaction of predefined performance measures. The shares underlying these equity awards are included in the weighted-average dilutive common shares only if the performance measures are met as of the end of the reporting period. Additionally, potential common shares are not included in the denominator of the diluted earnings per common share calculation when the inclusion of such shares would be anti-dilutive.

Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions):


	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2022	2021	2022	2021
Restricted stock units with performance measures not yet met	2	3	2	3
Anti-dilutive employee stock options	2	2	2	2

Capital Transactions	9 Months Ended
Capital Transactions	Sep. 30, 2022
Equity [Abstract]
Capital Transactions	16. Capital Transactions Repurchase Programs On January 27, 2021, our Board of Directors authorized a stock repurchase program under which we are authorized to repurchase up to $4 billion of our common stock during the two-year period from February 14, 2021 until the earlier of February 13, 2023 and a determination by the Board of Directors to discontinue the repurchase program. As of September 30, 2022, we had not repurchased any shares under this program and are restricted from making any such repurchases during the period between the execution of the Merger Agreement with Microsoft and the Effective Time without Microsoft’s approval (which may not be unreasonably withheld, conditioned, or delayed). Dividends On February 3, 2022, our Board of Directors declared a cash dividend of $0.47 per common share. On May 6, 2022, we made an aggregate cash dividend payment of $367 million to shareholders of record at the close of business on April 15, 2022. On February 4, 2021, our Board of Directors declared a cash dividend of $0.47 per common share. On May 6, 2021, we made an aggregate cash dividend payment of $365 million to shareholders of record at the close of business on April 15, 2021.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies Legal Proceedings We are party to routine claims, suits, investigations, audits, and other proceedings arising from the ordinary course of business, including with respect to intellectual property rights, contractual claims, labor and employment matters, regulatory matters, tax matters, unclaimed property matters, compliance matters, and collection matters. In the opinion of management, such routine claims and lawsuits are not significant, and we do not expect them to have a material adverse effect on our business, financial condition, results of operations, or liquidity. We are also party to the proceedings set forth below. EEOC Settlement In September 2021, the Company entered into a proposed consent decree with the U.S. Equal Employment Opportunity Commission (the “EEOC”) to settle claims regarding certain employment practices. The consent decree was approved by the United States District Court, Central District of California on March 29, 2022. The consent decree, among other things, provides for the creation of an $18 million settlement fund for eligible claimants; upgrading Company policies, practices, and training to further prevent and eliminate harassment and discrimination in its workplaces, including implementing an expanded performance review system with a new equal opportunity focus; and providing ongoing oversight and review of the Company’s training programs, investigation policies, disciplinary framework and compliance by appointing a third-party equal opportunity consultant for the next three years whose findings will be regularly reported to the EEOC and shared with our Board of Directors. The California Civil Rights Department (formerly known as the Department of Fair Employment and Housing) (the “CRD”) filed a motion to intervene in the matter, seeking to object to the consent decree, including the amount of the settlement fund; that motion was denied. The CRD filed a notice of appeal of the order denying the CRD’s motion to intervene. The CRD filed its opening brief for its appeal of the Court’s order denying its motion to intervene with the United States Court of Appeals for the Ninth Circuit on May 18, 2022. On April 19, 2022, CRD filed a second motion to intervene with the United States District Court. The CRD’s second motion to intervene was denied on June 3, 2022. On June 7, 2022, CRD filed a notice of appeal of the order denying the CRD’s second motion to intervene with the United States Court of Appeals for the Ninth Circuit. On March 4, 2022, Jessica Gonzalez, a former Blizzard Entertainment employee, filed a motion to intervene with the United States District Court; it was denied on March 22, 2022. On May 23, 2022, Gonzalez filed a notice of appeal of the order denying her motion to intervene with the United States Court of Appeals for the Ninth Circuit. The CRD appeals and Gonzalez appeal are pending before the Ninth Circuit. Pending Employment-Related Matters On July 20, 2021, the CRD filed a complaint (the “CRD Matter”) in California Superior Court, County of Los Angeles against Activision Blizzard, Blizzard Entertainment and Activision Publishing (together, the “Defendants”) alleging violations of the California Fair Employment and Housing Act and the California Equal Pay Act. The CRD filed a First Amended Complaint in the CRD Matter on August 23, 2021. The Defendants moved to dismiss the First Amended Complaint; the motion was heard on February 15, 2022. The Defendants’ motion was denied in part and granted in part, and the CRD did not amend with respect to the granted portion. On May 6, 2022, Defendants moved for partial summary adjudication seeking to dismiss claims asserted under the Fair Employment & Housing Act, which the Court denied. Defendants filed a Petition for Peremptory Writ or Other Appropriate Relief regarding the Court’s denial of Defendants’ motion for partial summary adjudication, which was denied. Defendants appealed the denial of their writ to the California Supreme Court. On October 27, 2022, CRD filed a Motion for Summary Adjudication on certain of Defendants’ affirmative defenses with a hearing date scheduled for January 10, 2023. The February 27, 2023 trial date has been vacated and a new trial date will be set by the Court. The Court set a conference for March 20, 2023 to discuss trial scheduling. In addition, in January 2022, the Company’s Board of Directors received notice of an investigation by the CRD and investigatory subpoenas. On August 3, 2021, a putative class action was filed in the United States District Court, Central District of California, entitled Gary Cheng v. Activision Blizzard, Inc., et al., Case No. 2:21-cv-06240-PA-JEM. Plaintiffs assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) against the Company and five current or former officers. An amended complaint was filed on December 3, 2021, purportedly on behalf of a class of the Company’s shareholders who purchased stock between February 28, 2017 and November 16, 2021. In an order dated April 18, 2022, the Court granted defendants’ motion to dismiss the amended complaint with leave to amend. Plaintiffs filed a second amended complaint on May 18, 2022, on behalf of shareholders who purchased stock between November 8, 2018 and November 16, 2021, which defendants moved to dismiss on June 16, 2022. In an order dated August 30, 2022, the Court granted defendants’ motion to dismiss the second amended complaint with leave to amend. Plaintiff filed a third amended complaint on September 29, 2022. Defendants’ motion to dismiss the third amended complaint was filed October 31, 2022. Beginning on August 6, 2021, three putative shareholder derivative actions were filed in California Superior Court, County of Los Angeles, and those cases have now been consolidated in an action entitled York County on Behalf of County of York Retirement Fund v. Robert A. Kotick, et al., Case No. 21STCV28949. Another related putative shareholder derivative action, entitled Lesley Warren Savage v. Robert A. Kotick, et al., Case No. 22STCV17478, was filed in California Superior Court, County of Los Angeles on May 23, 2022. These related shareholder derivative actions in California Superior Court are currently stayed. On November 15, 2021, a putative shareholder derivative action was filed in the United States District Court, Central District of California, entitled Luke Kahnert v. Robert A. Kotick, et al., Case No. 2:21-cv-08968-PA-JEM. The putative derivative actions collectively assert claims on the Company’s behalf against a number of current or former officers, employees and directors for breach of fiduciary duty, corporate waste, unjust enrichment, misappropriation, contribution, and alleged violation of Section 14(a) of the Exchange Act based on allegations similar to those in the CRD Matter and in the securities class action. The Company is named as a nominal defendant. An amended complaint in the Kahnert case was filed on January 7, 2022 and, in an order dated May 20, 2022, the Court granted defendants’ motion to dismiss the amended complaint with leave to amend. Plaintiffs filed a second amended complaint on June 1, 2022 in the Kahnert case. In an order dated September 8, 2022, the Court granted defendants’ motion to dismiss the second amended complaint with leave to amend. Plaintiffs in the Kahnert case filed a third amended complaint on September 23, 2022. Defendants motion to dismiss the third amended complaint in the Kahnert case was filed October 24, 2022. The Company is cooperating with an investigation by the SEC regarding disclosures on employment matters and related issues including responding to subpoenas from the SEC. The SEC has also issued subpoenas to a number of current and former executives and other employees in connection with this matter. We are unable to predict the impact of the above pending matters on our business, financial condition, results of operations, or liquidity at this time. Legal Proceedings Regarding the Merger Following the announcement of the proposed transaction with Microsoft, complaints were filed in the United States District Court for the Southern District of New York, the United States District Court for the Eastern District of New York, the United States District Court for the Central District of California, the United States District Court for the Eastern District of Pennsylvania and the United States District Court for the District of Delaware against the Company and its directors: Stein v. Activision Blizzard, Inc. et al., No. 1:22-cv-01560 (S.D.N.Y.); Perry v. Activision Blizzard, Inc. et al., No. 1:22-cv-02074 (S.D.N.Y.); Whitfield v. Activision Blizzard, Inc. et al., 2:22-cv-01182 (E.D.N.Y.); Lande v. Activision Blizzard, Inc. et al., No. 1:22-cv-01267 (E.D.N.Y.); Watson v. Activision Blizzard, Inc. et al., No. 2:22-cv-01268 (C.D. Cal.); Rubin v. Activision Blizzard, Inc. et al., No. 2:22-cv-01343 (C.D. Cal.); Baker v. Activision Blizzard, Inc. et al., No. 2:22-cv00875 (E.D. Pa.); and David v. Activision Blizzard, Inc. et al., No. 1:22-cv-00339 (D. Del.). The complaints each assert violations of Section 14(a) and Section 20(a) of the Exchange Act and allege that the preliminary proxy statement filed in connection with the proposed transaction between the Company and Microsoft omitted certain purportedly material information which rendered the preliminary proxy statement incomplete and misleading. Specifically, the complaints allege that the preliminary proxy statement failed to disclose material information regarding the sales process, the Company’s projections and the financial analyses of the Company’s financial advisor. The complaints sought, among other things, an order to enjoin the transaction unless additional disclosures were issued; and, if the transaction closes, damages. The Watson complaint also alleges that the Company’s directors entered into the transaction for self-interested reasons, including receipt of personal benefits in the transaction. All of the complaints have been voluntarily dismissed. Following the announcement of the proposed transaction with Microsoft, the Company also received several demand letters from purported stockholders and two lawsuits, Sjunde AP-Fonden v. Activision Blizzard, Inc., No. 2022-0281-KSJM (Del. Ch.) and New York City Employees’ Retirement System et. al. v. Activision Blizzard, Inc., No. 2022-0365-KSJM (Del. Ch.) (together the “220 Complaints”), for books and records pursuant to 8 Del. C. § 220. Among other things, the demand letters and the 220 Complaints seek to investigate purported breaches of fiduciary duty related to the proposed transaction. Specifically, the demands seek to investigate Mr. Kotick’s role in the proposed transaction with one of the demands alleging that Mr. Kotick’s position at the Company was at risk given workplace issues and he chose to pursue a transaction rather than resign. Such demand further alleges that Mr. Kotick agreed to a price range without authorization from our Board of Directors and that our Board of Directors allowed Mr. Kotick to control the transaction process. Such demand also alleges that the transaction price is inadequate because Microsoft’s opportunistic offer took advantage of the Company’s purportedly depressed stock price and that management may have attempted to validate the consideration through downward adjustments to the Company’s long-range plan. On November 3, 2022 a lawsuit captioned, Sjunde AP-Fonden v. Activision Blizzard, Inc. et al., C.A. No. 2022-1001-CM (Del. Ch.) was filed under seal in the Court of Chancery of the State of Delaware on behalf of a class of stockholders of the Company. The complaint names the Company, our directors, Microsoft and Merger Sub as defendants. The complaint alleges that the director defendants breached their fiduciary duty in connection with the initiation, timing, negotiation, approval and disclosure of the merger. The complaint also alleges that the merger was not approved in compliance with the requirements of 8 Del. C. § 251, and seeks a declaration that the Merger would be invalid if consummated. The complaint also asserts a claim against Microsoft and Merger Sub for aiding and abetting the purported breaches of fiduciary duty and conspiring with the director defendants in those breaches. We are unable to predict the impact of the above pending matters on our business, financial condition, results of operations, or liquidity at this time. The Company has received voluntary requests for information from the SEC and a grand jury subpoena from the United States Department of Justice related to their respective investigations into trading by third parties—including persons known to the Company’s CEO—in securities prior to the announcement of the proposed transaction with Microsoft. The Company is fully cooperating with these investigations.

Description of Business and Basis of Consolidation and Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the SEC and accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by U.S. GAAP have been condensed or omitted if they substantially duplicate the disclosures contained in our annual audited consolidated financial statements. Additionally, the year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021. The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In the opinion of management, all adjustments considered necessary for the fair statement of our financial position and results of operations in accordance with U.S. GAAP (consisting of normal recurring adjustments) have been included in the accompanying unaudited condensed consolidated financial statements. Actual results could differ from these estimates and assumptions. The accompanying condensed consolidated financial statements include the accounts and operations of the Company. All intercompany accounts and transactions have been eliminated.

Software Development (Tables)

9 Months Ended

Sep. 30, 2022

Software Development Costs [Abstract]

Schedule of Amortization of Software Development Costs

Amortization of capitalized software development costs was as follows (amounts in millions):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Amortization of capitalized software development costs	$	8	$	71	$	148	$	270

Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-lived Intangible Assets

Intangible assets, net, consist of the following (amounts in millions):


	At September 30, 2022
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets (1):



Trade names and other	1	-	10 years	$	90	$	(75)	$	15


Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	448

(1) Beginning with the first quarter of 2022, the balances of the internally-developed franchises intangible assets have been removed as such amounts were fully amortized in the prior year.


	At December 31, 2021
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets:
Internally-developed franchises	3	-	11 years	$	1,154	$	(1,154)	$	—



Trade names and other	1	-	10 years	80		(66)		14
Total definite-lived intangible assets				$	1,234	$	(1,220)	$	14

Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	447

Schedule of Indefinite-lived Intangible Assets

Intangible assets, net, consist of the following (amounts in millions):


	At September 30, 2022
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets (1):



Trade names and other	1	-	10 years	$	90	$	(75)	$	15


Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	448

(1) Beginning with the first quarter of 2022, the balances of the internally-developed franchises intangible assets have been removed as such amounts were fully amortized in the prior year.


	At December 31, 2021
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets:
Internally-developed franchises	3	-	11 years	$	1,154	$	(1,154)	$	—



Trade names and other	1	-	10 years	80		(66)		14
Total definite-lived intangible assets				$	1,234	$	(1,220)	$	14

Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							$	386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	447

Goodwill and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Operating Segments

The carrying amount of goodwill by reportable segment at both September 30, 2022 and December 31, 2021, was as follows (amounts in millions):


	Activision		Blizzard		King		Total





Balance at December 31, 2021	$	6,933	$	190	$	2,676	$	9,799
Additions through acquisition (1)	—		98		33		131
Other	(2)		—		—		(2)
Balance at September 30, 2022	$	6,931	$	288	$	2,709	$	9,928

(1) The Company completed the acquisition of two businesses to acquire 100% of the voting equity interests during June 2022:

•Proletariat Inc. (“Proletariat”), a privately held game development studio based in Boston, Massachusetts, was acquired by Blizzard to increase developer resources for the Warcraft franchise.

- Definition

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

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+ Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on a Recurring and/or Non-Recurring Basis


			Fair Value Measurements at September 30, 2022 Using
	As of September 30, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance Sheet Classification
Financial Assets:
Recurring fair value measurements:
Money market funds	$	7,367	$	7,367	$	—	$	—	Cash and cash equivalents
Available-for-sale foreign government treasury bills	19		19		—		—		Cash and cash equivalents
Available-for-sale U.S. treasuries and government agency securities	176		176		—		—		Other current assets
Equity securities	44		44		—		—		Other current assets
Foreign currency forward contracts designated as hedges	64		—		64		—		Other current assets & Other assets

Total	$	7,670	$	7,606	$	64	$	—


			Fair Value Measurements at December 31, 2021 Using
	As of December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance Sheet Classification
Financial Assets:
Recurring fair value measurements:
Money market funds	$	10,035	$	10,035	$	—	$	—	Cash and cash equivalents
Available-for-sale foreign government treasury bills	34		34		—		—		Cash and cash equivalents
Available-for-sale U.S. treasuries and government agency securities	130		130		—		—		Other current assets
Equity securities	50		50		—		—		Other current assets
Foreign currency forward contracts designated as hedges	20		—		20		—		Other current assets

Total	$	10,269	$	10,249	$	20	$	—

Schedule of Foreign Currency Forward Contracts

The total gross notional amounts and fair values of our Cash Flow Hedges, which generally had remaining maturities of 14 months or less as of September 30, 2022, are as follows (amounts in millions):


	As of September 30, 2022				As of December 31, 2021
	Notional amount		Fair value gain (loss)		Notional amount		Fair value gain (loss)
Foreign Currency:
Buy USD, Sell EUR	$	519	$	64	$	382	$	20

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details

Held-to-Maturity Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Held-to-Maturity

The following table summarizes the Company's held-to-maturity investments at September 30, 2022 (amount in millions):


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized losses		Estimated Fair Value (Level 1)
U.S. treasuries and government agency securities	$	2,945	$	—	$	—	$	2,945

Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Summary of Debt


				At September 30, 2022				At December 31, 2021
Unsecured Senior Notes	Interest Rate	Semi-Annual Interest Payments Due On	Maturity	Principal		Fair Value (Level 2)		Principal		Fair Value (Level 2)




2026 Notes	3.40%	Mar. 15 & Sept. 15	Sept. 2026	$	850	$	807	$	850	$	912
2027 Notes	3.40%	Jun. 15 & Dec. 15	Jun. 2027	400		374		400		430
2030 Notes	1.35%	Mar. 15 & Sept. 15	Sept. 2030	500		380		500		463
2047 Notes	4.50%	Jun. 15 & Dec. 15	Jun. 2047	400		352		400		480
2050 Notes	2.50%	Mar. 15 & Sept. 15	Sept. 2050	1,500		924		1,500		1,320
Total gross long-term debt				$	3,650			$	3,650
Unamortized discount and deferred financing costs				(40)				(42)
Total net carrying amount				$	3,610			$	3,608

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows (amounts in millions):


	For the Nine Months Ended September 30, 2022
	Foreign currency translation adjustments		Unrealized gain (loss) on available-for- sale securities		Unrealized gain (loss) on forward contracts		Total
Balance at December 31, 2021	$	(606)	$	3	$	25	$	(578)
Other comprehensive income (loss) before reclassifications	(64)		24		67		27
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	—		(5)		(33)		(38)
Balance at September 30, 2022	$	(670)	$	22	$	59	$	(589)


	For the Nine Months Ended September 30, 2021
	Foreign currency translation adjustments		Unrealized gain (loss) on available-for- sale securities		Unrealized gain (loss) on forward contracts		Total
Balance at December 31, 2020	$	(589)	$	(5)	$	(28)	$	(622)
Other comprehensive income (loss) before reclassifications	(8)		—		27		19
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	—		3		13		16
Balance at September 30, 2021	$	(597)	$	(2)	$	12	$	(587)

Operating Segments and Geographic Regions (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating Segments and Reconciliations of Total Net Revenues and Total Segment Operating Income to Consolidated Net Revenues from External Customers and Consolidated Income Before Income Tax Expense

Information on reportable segment net revenues and operating income for the three months ended September 30, 2022 and 2021, are presented below (amounts in millions):


	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	480	$	534	$	692	$	1,706
Intersegment net revenues (1)	—		9		—		9
Segment net revenues	$	480	$	543	$	692	$	1,715

Segment operating income	$	153	$	166	$	297	$	616

	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	641	$	478	$	652	$	1,771
Intersegment net revenues (1)	—		15		—		15
Segment net revenues	$	641	$	493	$	652	$	1,786

Segment operating income	$	244	$	188	$	303	$	735

Information on reportable segment net revenues and operating income for the nine months ended September 30, 2022 and 2021, are presented below (amounts in millions):



	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	1,423	$	1,189	$	2,058	$	4,670
Intersegment net revenues (1)	—		29		—		29
Segment net revenues	$	1,423	$	1,218	$	2,058	$	4,699

Segment operating income	$	304	$	314	$	811	$	1,429

	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Total
Segment Revenues
Net revenues from external customers	$	2,321	$	1,347	$	1,896	$	5,564
Intersegment net revenues (1)	—		62		—		62
Segment net revenues	$	2,321	$	1,409	$	1,896	$	5,626

Segment operating income	$	1,049	$	537	$	755	$	2,341

(1)Intersegment revenues reflect licensing and service fees charged between segments.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Reconciliation to consolidated net revenues:
Segment net revenues	$	1,715	$	1,786	$	4,699	$	5,626
Revenues from non-reportable segments (1)	123		109		278		303
Net effect from recognition (deferral) of deferred net revenues (2)	(47)		190		246		773
Elimination of intersegment revenues (3)	(9)		(15)		(29)		(62)
Consolidated net revenues	$	1,782	$	2,070	$	5,194	$	6,640

Reconciliation to consolidated income before income tax expense:
Segment operating income	$	616	$	735	$	1,429	$	2,341
Operating income (loss) from non-reportable segments (1)	14		4		28		(12)
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2)	(25)		154		210		562
Share-based compensation expense (4)	(102)		(64)		(301)		(259)
Amortization of intangible assets	(6)		(2)		(9)		(8)
Restructuring and related costs	(2)		(3)		3		(46)
Merger and acquisition-related fees and other expenses (5)	(10)		—		(58)		—

Consolidated operating income	485		824		1,302		2,578
Interest and other (income) expense, net	(15)		65		16		52

Consolidated income before income tax expense	$	500	$	759	$	1,286	$	2,526

(1)Includes other income and expenses outside of our reportable segments, including our Distribution business and unallocated corporate income and expenses.

(2)Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

(5)Reflects fees and other expenses related to our proposed transaction with Microsoft, which primarily consist of legal and advisory fees.

Schedule of Net Revenues by Distribution Channels



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	501	$	421	$	693	$	—	$	(9)	$	1,606
Retail channels	23		2		—		—		—		25
Other (2)	9		24		—		118		—		151
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Digital online channels (1)	$	(36)	$	96	$	(1)	$	—	$	—	$	59
Retail channels	(17)		—		—		—		—		(17)
Other (2)	—		—		—		5		—		5
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Digital online channels (1)	$	465	$	517	$	692	$	—	$	(9)	$	1,665
Retail channels	6		2		—		—		—		8
Other (2)	9		24		—		123		—		156
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	723	$	493	$	651	$	—	$	(15)	$	1,852
Retail channels	63		6		—		—		—		69
Other (2)	8		33		—		108		—		149
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Digital online channels (1)	$	(128)	$	(37)	$	1	$	—	$	—	$	(164)
Retail channels	(25)		(2)		—		—		—		(27)
Other (2)	—		—		—		1		—		1
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Digital online channels (1)	$	595	$	456	$	652	$	—	$	(15)	$	1,688
Retail channels	38		4		—		—		—		42
Other (2)	8		33		—		109		—		150
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	1,643	$	994	$	2,060	$	—	$	(29)	$	4,668
Retail channels	170		7		—		—		—		177
Other (2)	31		47		—		271		—		349
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Digital online channels (1)	$	(286)	$	171	$	(2)	$	—	$	—	$	(117)
Retail channels	(135)		—		—		—		—		(135)
Other (2)	—		(1)		—		7		—		6
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Digital online channels (1)	$	1,357	$	1,165	$	2,058	$	—	$	(29)	$	4,551
Retail channels	35		7		—		—		—		42
Other (2)	31		46		—		278		—		355
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by distribution channel:
Digital online channels (1)	$	2,625	$	1,426	$	1,894	$	—	$	(62)	$	5,883
Retail channels	334		20		—		—		—		354
Other (2)	38		71		—		294		—		403
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Digital online channels (1)	$	(491)	$	(101)	$	2	$	—	$	—	$	(590)
Retail channels	(185)		(7)		—		—		—		(192)
Other (2)	—		—		—		9		—		9
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Digital online channels (1)	$	2,134	$	1,325	$	1,896	$	—	$	(62)	$	5,293
Retail channels	149		13		—		—		—		162
Other (2)	38		71		—		303		—		412
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1)Net revenues from “Digital online channels” include revenues from digitally-distributed downloadable content, microtransactions, subscriptions, and products, as well as licensing royalties.

(2)Net revenues from “Other” primarily include revenues from our Distribution business, the Overwatch League, and the Call of Duty League.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

Schedule of Net Revenues from External Customers by Geographic Region



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	358	$	190	$	457	$	—	$	(6)	$	999
EMEA (1)	117		107		158		118		(2)		498
Asia Pacific	58		150		78		—		(1)		285
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Americas	$	(33)	$	42	$	—	$	—	$	—	$	9
EMEA (1)	(17)		18		—		5		—		6
Asia Pacific	(3)		36		(1)		—		—		32
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Americas	$	325	$	232	$	457	$	—	$	(6)	$	1,008
EMEA (1)	100		125		158		123		(2)		504
Asia Pacific	55		186		77		—		(1)		317
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	515	$	243	$	417	$	—	$	(9)	$	1,166
EMEA (1)	187		166		163		108		(5)		619
Asia Pacific	92		123		71		—		(1)		285
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Americas	$	(110)	$	(27)	$	1	$	—	$	—	$	(136)
EMEA (1)	(42)		(22)		—		1		—		(63)
Asia Pacific	(1)		10		—		—		—		9
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Americas	$	405	$	216	$	418	$	—	$	(9)	$	1,030
EMEA (1)	145		144		163		109		(5)		556
Asia Pacific	91		133		71		—		(1)		294
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	1,214	$	463	$	1,341	$	—	$	(19)	$	2,999
EMEA (1)	448		291		491		271		(8)		1,493
Asia Pacific	182		294		228		—		(2)		702
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Americas	$	(258)	$	82	$	(2)	$	—	$	—	$	(178)
EMEA (1)	(141)		30		(1)		7		—		(105)
Asia Pacific	(22)		58		1		—		—		37
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Americas	$	956	$	545	$	1,339	$	—	$	(19)	$	2,821
EMEA (1)	307		321		490		278		(8)		1,388
Asia Pacific	160		352		229		—		(2)		739
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (2)		Total
Net revenues by geographic region:
Americas	$	1,942	$	698	$	1,215	$	—	$	(36)	$	3,819
EMEA (1)	780		507		485		294		(21)		2,045
Asia Pacific	275		312		194		—		(5)		776
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Americas	$	(420)	$	(57)	$	2	$	—	$	—	$	(475)
EMEA (1)	(213)		(55)		(1)		9		—		(260)
Asia Pacific	(43)		4		1		—		—		(38)
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Americas	$	1,522	$	641	$	1,217	$	—	$	(36)	$	3,344
EMEA (1)	567		452		484		303		(21)		1,785
Asia Pacific	232		316		195		—		(5)		738
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions.

(2) Intersegment revenues reflect licensing and service fees charged between segments.

Schedule of Net Revenues by Platform

Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the three months ended September 30, 2022 and 2021, were as follows (amounts in millions):



	Three Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	313	$	23	$	—	$	—	$	—	$	336
PC	75		279		18		—		(9)		363
Mobile and ancillary (1)	136		121		675		—		—		932
Other (2)	9		24		—		118		—		151
Total consolidated net revenues	$	533	$	447	$	693	$	118	$	(9)	$	1,782

Change in deferred revenues:
Console	$	(43)	$	(6)	$	—	$	—	$	—	$	(49)
PC	(6)		35		—		—		—		29
Mobile and ancillary (1)	(4)		67		(1)		—		—		62
Other (2)	—		—		—		5		—		5
Total change in deferred revenues	$	(53)	$	96	$	(1)	$	5	$	—	$	47

Segment net revenues:
Console	$	270	$	17	$	—	$	—	$	—	$	287
PC	69		314		18		—		(9)		392
Mobile and ancillary (1)	132		188		674		—		—		994
Other (2)	9		24		—		123		—		156
Total segment net revenues	$	480	$	543	$	692	$	123	$	(9)	$	1,829



	Three Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	480	$	43	$	—	$	—	$	—	$	523
PC	140		434		19		—		(15)		578
Mobile and ancillary (1)	166		22		632		—		—		820
Other (2)	8		33		—		108		—		149
Total consolidated net revenues	$	794	$	532	$	651	$	108	$	(15)	$	2,070

Change in deferred revenues:
Console	$	(119)	$	5	$	—	$	—	$	—	$	(114)
PC	(33)		(47)		—		—		—		(80)
Mobile and ancillary (1)	(1)		3		1		—		—		3
Other (2)	—		—		—		1		—		1
Total change in deferred revenues	$	(153)	$	(39)	$	1	$	1	$	—	$	(190)

Segment net revenues:
Console	$	361	$	48	$	—	$	—	$	—	$	409
PC	107		387		19		—		(15)		498
Mobile and ancillary (1)	165		25		633		—		—		823
Other (2)	8		33		—		109		—		150
Total segment net revenues	$	641	$	493	$	652	$	109	$	(15)	$	1,880

Net revenues by platform, including a reconciliation to each of our reportable segment’s net revenues, for the nine months ended September 30, 2022 and 2021, were as follows (amounts in millions):


	Nine Months Ended September 30, 2022
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	1,129	$	66	$	—	$	—	$	—	$	1,195
PC	297		760		52		—		(29)		1,080
Mobile and ancillary (1)	387		175		2,008		—		—		2,570
Other (2)	31		47		—		271		—		349
Total consolidated net revenues	$	1,844	$	1,048	$	2,060	$	271	$	(29)	$	5,194

Change in deferred revenues:
Console	$	(358)	$	(8)	$	—	$	—	$	—	$	(366)
PC	(84)		56		—		—		—		(28)
Mobile and ancillary (1)	21		123		(2)		—		—		142
Other (2)	—		(1)		—		7		—		6
Total change in deferred revenues	$	(421)	$	170	$	(2)	$	7	$	—	$	(246)

Segment net revenues:
Console	$	771	$	58	$	—	$	—	$	—	$	829
PC	213		816		52		—		(29)		1,052
Mobile and ancillary (1)	408		298		2,006		—		—		2,712
Other (2)	31		46		—		278		—		355
Total segment net revenues	$	1,423	$	1,218	$	2,058	$	278	$	(29)	$	4,948


	Nine Months Ended September 30, 2021
	Activision		Blizzard		King		Non-reportable segments		Elimination of intersegment revenues (3)		Total
Net revenues by platform:
Console	$	1,971	$	90	$	—	$	—	$	—	$	2,061
PC	532		1,293		64		—		(62)		1,827
Mobile and ancillary (1)	456		63		1,830		—		—		2,349
Other (2)	38		71		—		294		—		403
Total consolidated net revenues	$	2,997	$	1,517	$	1,894	$	294	$	(62)	$	6,640

Change in deferred revenues:
Console	$	(530)	$	—	$	—	$	—	$	—	$	(530)
PC	(145)		(108)		—		—		—		(253)
Mobile and ancillary (1)	(1)		—		2		—		—		1
Other (2)	—		—		—		9		—		9
Total change in deferred revenues	$	(676)	$	(108)	$	2	$	9	$	—	$	(773)

Segment net revenues:
Console	$	1,441	$	90	$	—	$	—	$	—	$	1,531
PC	387		1,185		64		—		(62)		1,574
Mobile and ancillary (1)	455		63		1,832		—		—		2,350
Other (2)	38		71		—		303		—		412
Total segment net revenues	$	2,321	$	1,409	$	1,896	$	303	$	(62)	$	5,867

(1)Net revenues from “Mobile and ancillary” primarily include revenues from mobile devices.

(2)Net revenues from “Other” primarily include revenues from our Distribution business, the Overwatch League, and the Call of Duty League.

(3)Intersegment revenues reflect licensing and service fees charged between segments.

Long-Lived Assets by Geographic Region

Long-lived assets by geographic region were as follows (amounts in millions):



	At September 30, 2022		At December 31, 2021
Long-lived assets* by geographic region:
Americas	$	264	$	264
EMEA	101		122
Asia Pacific	21		20
Total long-lived assets by geographic region	$	386	$	406

Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

Stock option activity is as follows:


	Number of shares (in thousands)	Weighted-average exercise price per stock option		Weighted-average remaining contractual term (in years)	Aggregate intrinsic value (in millions)
Outstanding stock options at December 31, 2021	9,133	$	57.77
Granted	—	—
Exercised	(857)	46.74
Forfeited	(162)	72.97
Expired	(46)	74.37
Outstanding stock options at September 30, 2022	8,068	$	58.54	6.38	$	150
Vested and expected to vest at September 30, 2022	7,919	$	58.06	6.35	$	150
Exercisable at September 30, 2022	5,790	$	50.89	5.77	$	140

Schedule of Restricted Stock Units Activity


	Number of shares	Weighted- average grant date fair value per RSU
Unvested RSUs at December 31, 2021	13,258	$	75.51
Granted	5,600	79.90
Vested	(4,511)	77.09
Forfeited	(1,359)	82.90
Unvested RSUs at September 30, 2022	12,988	$	76.23

Restructuring (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Accrued Restructuring Included in Accrued Expenses and Other Liabilities


	Severance and employee related costs		Other costs		Total




























Balance at December 31, 2021	$	64	$	21	$	85

Cash payments	(12)		(8)		(20)
Non-cash charge and other adjustments	(3)		—		(3)
Balance at March 31, 2022	$	49	$	13	$	62

Cash payments	(12)		—		(12)
Non-cash charge and other adjustments	(2)		(5)		(7)
Balance at June 30, 2022	$	35	$	8	$	43

Cash payments	(7)		—		(7)
Non-cash charge and other adjustments	(1)		(1)		(2)
Balance at September 30, 2022	$	27	$	7	$	34

Interest and Other (Income) Expense, Net (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Schedule of Interest and Other Investment Expense (Income)

is comprised of the following (amounts in millions):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Interest income	$	(51)	$	(1)	$	(68)	$	(4)
Interest expense from debt and amortization of debt discount and deferred financing costs	27		27		81		81
Realized and unrealized loss (gain) on equity investment	10		36		6		(35)
Other (income) expense, net	(1)		3		(3)		10
Interest and other (income) expense, net	$	(15)	$	65	$	16	$	52

Computation of Basic/Diluted Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Consolidated net income	$	435	$	639	$	1,110	$	2,135




Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding	782		778		781		777
Effect of dilutive stock options and awards under the treasury stock method	7		5		7		7
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method	789		783		788		784

Basic earnings per common share	$	0.56	$	0.82	$	1.42	$	2.75
Diluted earnings per common share	$	0.55	$	0.82	$	1.41	$	2.72

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions):


	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2022	2021	2022	2021
Restricted stock units with performance measures not yet met	2	3	2	3
Anti-dilutive employee stock options	2	2	2	2

Description of Business and Basis of Consolidation and Presentation (Details)	9 Months Ended
	Sep. 30, 2022 segment $ / shares	Jan. 18, 2022 $ / shares	Dec. 31, 2021 $ / shares
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)	$ 0.000001		$ 0.000001
Number of reportable segments \| segment	3
Activision Blizzard Inc. \| Microsoft
Business Acquisition [Line Items]
Business acquisition, share price (in dollars per share)		$ 95.00
Common stock, par value (in dollars per share)		$ 0.000001

Software Development (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Software Development (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Software development:
Software development costs	$ 1,200		$ 1,200		$ 660
Amortization:
Amortization of capitalized software development costs	$ 8	$ 71	$ 148	$ 270

Intangible Assets, Net (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Intangible Assets, Net (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 1,234
Accumulated amortization		(1,220)
Net carrying amount		14
Acquired Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	$ 433	433
Total intangible assets, net	448	447
Activision trademark
Acquired Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	386	386
Trade names and other
Acquired Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	47	47
Internally-developed franchises
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		1,154
Accumulated amortization		(1,154)
Net carrying amount		$ 0
Internally-developed franchises \| Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful lives		3 years
Internally-developed franchises \| Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful lives		11 years
Trade names and other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	90	$ 80
Accumulated amortization	(75)	(66)
Net carrying amount	$ 15	$ 14
Trade names and other \| Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	1 year	1 year
Trade names and other \| Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	10 years	10 years

Goodwill and Acquisitions (Details) $ in Millions	1 Months Ended	9 Months Ended
Goodwill and Acquisitions (Details) $ in Millions	Jun. 30, 2022 USD ($) business	Sep. 30, 2022 USD ($)
Changes in carrying amount of goodwill
Goodwill, balance at beginning of period		$ 9,799
Additions through acquisition		131
Other		(2)
Goodwill, balance at end of period		9,928
Proletariat Inc and Peltarion AB
Changes in carrying amount of goodwill
Number of businesses acquired \| business	2
Total purchase price	$ 152
Proletariat Inc.
Changes in carrying amount of goodwill
Percentage of business acquired	100.00%
Peltarion AB
Changes in carrying amount of goodwill
Percentage of business acquired	100.00%
Activision
Changes in carrying amount of goodwill
Goodwill, balance at beginning of period		6,933
Additions through acquisition		0
Other		(2)
Goodwill, balance at end of period		6,931
Blizzard
Changes in carrying amount of goodwill
Goodwill, balance at beginning of period		190
Additions through acquisition		98
Other		0
Goodwill, balance at end of period		288
King
Changes in carrying amount of goodwill
Goodwill, balance at beginning of period		2,676
Additions through acquisition		33
Other		0
Goodwill, balance at end of period		$ 2,709

Fair Value Measurements - Foreign Currency Forward Contracts (Details) - Foreign currency forward contracts designated as hedges - Cash Flow Hedging - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Foreign currency forward contracts designated as hedges
Derivatives, Fair Value [Line Items]
Maximum length of time over which our foreign currency forward contracts mature	14 months
Buy USD, Sell EUR
Derivatives, Fair Value [Line Items]
Notional amount	$ 519	$ 382
Fair value gain (loss)	$ 64	$ 20

Held-to-Maturity Investments - Summary of Debt Securities, Held-to-Maturity (Details) - U.S. treasuries and government agency securities $ in Millions	Sep. 30, 2022 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 2,945
Gross Unrealized Gains	0
Gross Unrealized losses	0
Estimated Fair Value (Level 1)	$ 2,945

Held-to-Maturity Investments - Additional Information (Details)	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Held-to-maturity investments, term	12 months

Deferred Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Deferred Revenues (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenues	$ 1,000.0		$ 1,000.0		$ 1,100.0
Revenue recognized included in beginning deferred revenue	$ 30.0	$ 87.0	$ 1,000.0	$ 1,700.0

Deferred Revenues - Remaining Performance Obligation (Details) $ in Billions	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Contracted not recognized revenue	$ 1.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from Contract with Customer [Abstract]
Contracted not recognized revenue	$ 1.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue from Contract with Customer [Abstract]
Contracted not recognized revenue	$ 0.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue, period	12 months

Debt - Credit Facilities (Details) - Revolving Credit Facility - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,500,000,000	$ 1,500,000,000
Line of Credit \| Credit Agreement as Amended
Debt Instrument [Line Items]
Amount drawn on the revolver	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt - Unsecured Senior Notes (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total gross long-term debt	$ 3,650	$ 3,650
Unamortized discount and deferred financing costs	(40)	(42)
Total net carrying amount	$ 3,610	$ 3,608
Unsecured Notes \| 2026 Notes
Debt Instrument [Line Items]
Interest Rate	3.40%	3.40%
Total gross long-term debt	$ 850	$ 850
Unsecured Notes \| 2026 Notes \| Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 807	$ 912
Unsecured Notes \| 2027 Notes
Debt Instrument [Line Items]
Interest Rate	3.40%	3.40%
Total gross long-term debt	$ 400	$ 400
Unsecured Notes \| 2027 Notes \| Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 374	$ 430
Unsecured Notes \| 2030 Notes
Debt Instrument [Line Items]
Interest Rate	1.35%	1.35%
Total gross long-term debt	$ 500	$ 500
Unsecured Notes \| 2030 Notes \| Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 380	$ 463
Unsecured Notes \| 2047 Notes
Debt Instrument [Line Items]
Interest Rate	4.50%	4.50%
Total gross long-term debt	$ 400	$ 400
Unsecured Notes \| 2047 Notes \| Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 352	$ 480
Unsecured Notes \| 2050 Notes
Debt Instrument [Line Items]
Interest Rate	2.50%	2.50%
Total gross long-term debt	$ 1,500	$ 1,500
Unsecured Notes \| 2050 Notes \| Fair Value (Level 2)
Debt Instrument [Line Items]
Fair Value (Level 2)	$ 924	$ 1,320

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 17,599	$ 15,037
Other comprehensive income (loss) before reclassifications	27	19
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(38)	16
Ending balance	18,808	16,950
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(606)	(589)
Other comprehensive income (loss) before reclassifications	(64)	(8)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	0	0
Ending balance	(670)	(597)
Unrealized gain (loss) on available-for- sale securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	3	(5)
Other comprehensive income (loss) before reclassifications	24	0
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(5)	3
Ending balance	22	(2)
Unrealized gain (loss) on forward contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	25	(28)
Other comprehensive income (loss) before reclassifications	67	27
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	(33)	13
Ending balance	59	12
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(578)	(622)
Ending balance	$ (589)	$ (587)

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI https://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Operating Segments and Geographic Regions - Additional Information (Details) - segment	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Number of reportable segments			3
US \| Revenues \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of concentration risk	49.00%	49.00%	51.00%	50.00%
UK \| Revenues \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of concentration risk	10.00%	10.00%	10.00%	10.00%

Operating Segments and Geographic Regions - Summary of Reportable Segment Net Revenues and Operating Income (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]
Segment net revenues	$ 1,829	$ 1,880	$ 4,948	$ 5,867
Segment operating income	485	824	1,302	2,578
Net effect from recognition (deferral) of deferred net revenues	47	(190)	(246)	(773)
Total net revenues	1,782	2,070	5,194	6,640
Restructuring and related costs	(2)	(3)	3	(46)
Interest and other (income) expense, net	(15)	65	16	52
Income before income tax expense	500	759	1,286	2,526
Employee
Segment Reporting Information [Line Items]
Share-based compensation expense	(25)		(54)
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	1,715	1,786	4,699	5,626
Segment operating income	616	735	1,429	2,341
Reportable segments \| Activision
Segment Reporting Information [Line Items]
Segment net revenues	480	641	1,423	2,321
Segment operating income	153	244	304	1,049
Net effect from recognition (deferral) of deferred net revenues	(53)	(153)	(421)	(676)
Total net revenues	533	794	1,844	2,997
Reportable segments \| Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	543	493	1,218	1,409
Segment operating income	166	188	314	537
Net effect from recognition (deferral) of deferred net revenues	96	(39)	170	(108)
Total net revenues	447	532	1,048	1,517
Reportable segments \| King
Segment Reporting Information [Line Items]
Segment net revenues	692	652	2,058	1,896
Segment operating income	297	303	811	755
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Total net revenues	693	651	2,060	1,894
Reportable segments \| Net revenues from external customers
Segment Reporting Information [Line Items]
Segment net revenues	1,706	1,771	4,670	5,564
Reportable segments \| Net revenues from external customers \| Activision
Segment Reporting Information [Line Items]
Segment net revenues	480	641	1,423	2,321
Reportable segments \| Net revenues from external customers \| Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	534	478	1,189	1,347
Reportable segments \| Net revenues from external customers \| King
Segment Reporting Information [Line Items]
Segment net revenues	692	652	2,058	1,896
Reportable segments \| Intersegment net revenues
Segment Reporting Information [Line Items]
Segment net revenues	9	15	29	62
Reportable segments \| Intersegment net revenues \| Activision
Segment Reporting Information [Line Items]
Segment net revenues	0	0	0	0
Reportable segments \| Intersegment net revenues \| Blizzard
Segment Reporting Information [Line Items]
Segment net revenues	9	15	29	62
Reportable segments \| Intersegment net revenues \| King
Segment Reporting Information [Line Items]
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	123	109	278	303
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Total net revenues	118	108	271	294
Reconciliation items
Segment Reporting Information [Line Items]
Net effect from recognition (deferral) of deferred net revenues	(47)	190	246	773
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues	(25)	154	210	562
Share-based compensation expense	(102)	(64)	(301)	(259)
Amortization of intangible assets	(6)	(2)	(9)	(8)
Restructuring and related costs	(2)	(3)	3	(46)
Merger and acquisition-related fees and other expenses	(10)	0	(58)	0
Reconciliation items \| Other segments
Segment Reporting Information [Line Items]
Segment operating income	14	4	28	(12)
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Segment net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Total net revenues	$ (9)	$ (15)	$ (29)	$ (62)

Operating Segments and Geographic Regions - Schedule of Net Revenues by Distribution Channels (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]
Total net revenues	$ 1,782	$ 2,070	$ 5,194	$ 6,640
Net effect from recognition (deferral) of deferred net revenues	47	(190)	(246)	(773)
Segment net revenues	1,829	1,880	4,948	5,867
Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	1,606	1,852	4,668	5,883
Net effect from recognition (deferral) of deferred net revenues	59	(164)	(117)	(590)
Segment net revenues	1,665	1,688	4,551	5,293
Retail channels
Segment Reporting Information [Line Items]
Total net revenues	25	69	177	354
Net effect from recognition (deferral) of deferred net revenues	(17)	(27)	(135)	(192)
Segment net revenues	8	42	42	162
Other
Segment Reporting Information [Line Items]
Total net revenues	151	149	349	403
Net effect from recognition (deferral) of deferred net revenues	5	1	6	9
Segment net revenues	156	150	355	412
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	1,715	1,786	4,699	5,626
Reportable segments \| Activision
Segment Reporting Information [Line Items]
Total net revenues	533	794	1,844	2,997
Net effect from recognition (deferral) of deferred net revenues	(53)	(153)	(421)	(676)
Segment net revenues	480	641	1,423	2,321
Reportable segments \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	447	532	1,048	1,517
Net effect from recognition (deferral) of deferred net revenues	96	(39)	170	(108)
Segment net revenues	543	493	1,218	1,409
Reportable segments \| King
Segment Reporting Information [Line Items]
Total net revenues	693	651	2,060	1,894
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Segment net revenues	692	652	2,058	1,896
Reportable segments \| Digital online channels \| Activision
Segment Reporting Information [Line Items]
Total net revenues	501	723	1,643	2,625
Net effect from recognition (deferral) of deferred net revenues	(36)	(128)	(286)	(491)
Segment net revenues	465	595	1,357	2,134
Reportable segments \| Digital online channels \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	421	493	994	1,426
Net effect from recognition (deferral) of deferred net revenues	96	(37)	171	(101)
Segment net revenues	517	456	1,165	1,325
Reportable segments \| Digital online channels \| King
Segment Reporting Information [Line Items]
Total net revenues	693	651	2,060	1,894
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Segment net revenues	692	652	2,058	1,896
Reportable segments \| Retail channels \| Activision
Segment Reporting Information [Line Items]
Total net revenues	23	63	170	334
Net effect from recognition (deferral) of deferred net revenues	(17)	(25)	(135)	(185)
Segment net revenues	6	38	35	149
Reportable segments \| Retail channels \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	2	6	7	20
Net effect from recognition (deferral) of deferred net revenues	0	(2)	0	(7)
Segment net revenues	2	4	7	13
Reportable segments \| Retail channels \| King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Reportable segments \| Other \| Activision
Segment Reporting Information [Line Items]
Total net revenues	9	8	31	38
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	9	8	31	38
Reportable segments \| Other \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	24	33	47	71
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	0
Segment net revenues	24	33	46	71
Reportable segments \| Other \| King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Non-reportable segments \| Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| Retail channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| Other
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(15)	(29)	(62)
Elimination of intersegment revenues \| Digital online channels
Segment Reporting Information [Line Items]
Total net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(15)	(29)	(62)
Elimination of intersegment revenues \| Retail channels
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues \| Other
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ 0	$ 0	$ 0	$ 0

Operating Segments and Geographic Regions - Schedule of Net Revenues from External Customers by Geographic Region (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]
Total net revenues	$ 1,782	$ 2,070	$ 5,194	$ 6,640
Net effect from recognition (deferral) of deferred net revenues	47	(190)	(246)	(773)
Segment net revenues	1,829	1,880	4,948	5,867
Americas
Segment Reporting Information [Line Items]
Total net revenues	999	1,166	2,999	3,819
Net effect from recognition (deferral) of deferred net revenues	9	(136)	(178)	(475)
Segment net revenues	1,008	1,030	2,821	3,344
EMEA
Segment Reporting Information [Line Items]
Total net revenues	498	619	1,493	2,045
Net effect from recognition (deferral) of deferred net revenues	6	(63)	(105)	(260)
Segment net revenues	504	556	1,388	1,785
Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	285	285	702	776
Net effect from recognition (deferral) of deferred net revenues	32	9	37	(38)
Segment net revenues	317	294	739	738
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	1,715	1,786	4,699	5,626
Reportable segments \| Activision
Segment Reporting Information [Line Items]
Total net revenues	533	794	1,844	2,997
Net effect from recognition (deferral) of deferred net revenues	(53)	(153)	(421)	(676)
Segment net revenues	480	641	1,423	2,321
Reportable segments \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	447	532	1,048	1,517
Net effect from recognition (deferral) of deferred net revenues	96	(39)	170	(108)
Segment net revenues	543	493	1,218	1,409
Reportable segments \| King
Segment Reporting Information [Line Items]
Total net revenues	693	651	2,060	1,894
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Segment net revenues	692	652	2,058	1,896
Reportable segments \| Americas \| Activision
Segment Reporting Information [Line Items]
Total net revenues	358	515	1,214	1,942
Net effect from recognition (deferral) of deferred net revenues	(33)	(110)	(258)	(420)
Segment net revenues	325	405	956	1,522
Reportable segments \| Americas \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	190	243	463	698
Net effect from recognition (deferral) of deferred net revenues	42	(27)	82	(57)
Segment net revenues	232	216	545	641
Reportable segments \| Americas \| King
Segment Reporting Information [Line Items]
Total net revenues	457	417	1,341	1,215
Net effect from recognition (deferral) of deferred net revenues	0	1	(2)	2
Segment net revenues	457	418	1,339	1,217
Reportable segments \| EMEA \| Activision
Segment Reporting Information [Line Items]
Total net revenues	117	187	448	780
Net effect from recognition (deferral) of deferred net revenues	(17)	(42)	(141)	(213)
Segment net revenues	100	145	307	567
Reportable segments \| EMEA \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	107	166	291	507
Net effect from recognition (deferral) of deferred net revenues	18	(22)	30	(55)
Segment net revenues	125	144	321	452
Reportable segments \| EMEA \| King
Segment Reporting Information [Line Items]
Total net revenues	158	163	491	485
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	(1)
Segment net revenues	158	163	490	484
Reportable segments \| Asia Pacific \| Activision
Segment Reporting Information [Line Items]
Total net revenues	58	92	182	275
Net effect from recognition (deferral) of deferred net revenues	(3)	(1)	(22)	(43)
Segment net revenues	55	91	160	232
Reportable segments \| Asia Pacific \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	150	123	294	312
Net effect from recognition (deferral) of deferred net revenues	36	10	58	4
Segment net revenues	186	133	352	316
Reportable segments \| Asia Pacific \| King
Segment Reporting Information [Line Items]
Total net revenues	78	71	228	194
Net effect from recognition (deferral) of deferred net revenues	(1)	0	1	1
Segment net revenues	77	71	229	195
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Non-reportable segments \| Americas
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| EMEA
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Non-reportable segments \| Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(15)	(29)	(62)
Elimination of intersegment revenues \| Americas
Segment Reporting Information [Line Items]
Total net revenues	(6)	(9)	(19)	(36)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(6)	(9)	(19)	(36)
Elimination of intersegment revenues \| EMEA
Segment Reporting Information [Line Items]
Total net revenues	(2)	(5)	(8)	(21)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(2)	(5)	(8)	(21)
Elimination of intersegment revenues \| Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	(1)	(1)	(2)	(5)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ (1)	$ (1)	$ (2)	$ (5)

Operating Segments and Geographic Regions - Schedule of Net Revenues by Platform (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]
Total net revenues	$ 1,782	$ 2,070	$ 5,194	$ 6,640
Net effect from recognition (deferral) of deferred net revenues	47	(190)	(246)	(773)
Segment net revenues	1,829	1,880	4,948	5,867
Console
Segment Reporting Information [Line Items]
Total net revenues	336	523	1,195	2,061
Net effect from recognition (deferral) of deferred net revenues	(49)	(114)	(366)	(530)
Segment net revenues	287	409	829	1,531
PC
Segment Reporting Information [Line Items]
Total net revenues	363	578	1,080	1,827
Net effect from recognition (deferral) of deferred net revenues	29	(80)	(28)	(253)
Segment net revenues	392	498	1,052	1,574
Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	932	820	2,570	2,349
Net effect from recognition (deferral) of deferred net revenues	62	3	142	1
Segment net revenues	994	823	2,712	2,350
Other
Segment Reporting Information [Line Items]
Total net revenues	151	149	349	403
Net effect from recognition (deferral) of deferred net revenues	5	1	6	9
Segment net revenues	156	150	355	412
Reportable segments
Segment Reporting Information [Line Items]
Segment net revenues	1,715	1,786	4,699	5,626
Reportable segments \| Activision
Segment Reporting Information [Line Items]
Total net revenues	533	794	1,844	2,997
Net effect from recognition (deferral) of deferred net revenues	(53)	(153)	(421)	(676)
Segment net revenues	480	641	1,423	2,321
Reportable segments \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	447	532	1,048	1,517
Net effect from recognition (deferral) of deferred net revenues	96	(39)	170	(108)
Segment net revenues	543	493	1,218	1,409
Reportable segments \| King
Segment Reporting Information [Line Items]
Total net revenues	693	651	2,060	1,894
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Segment net revenues	692	652	2,058	1,896
Reportable segments \| Console \| Activision
Segment Reporting Information [Line Items]
Total net revenues	313	480	1,129	1,971
Net effect from recognition (deferral) of deferred net revenues	(43)	(119)	(358)	(530)
Segment net revenues	270	361	771	1,441
Reportable segments \| Console \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	23	43	66	90
Net effect from recognition (deferral) of deferred net revenues	(6)	5	(8)	0
Segment net revenues	17	48	58	90
Reportable segments \| Console \| King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Reportable segments \| PC \| Activision
Segment Reporting Information [Line Items]
Total net revenues	75	140	297	532
Net effect from recognition (deferral) of deferred net revenues	(6)	(33)	(84)	(145)
Segment net revenues	69	107	213	387
Reportable segments \| PC \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	279	434	760	1,293
Net effect from recognition (deferral) of deferred net revenues	35	(47)	56	(108)
Segment net revenues	314	387	816	1,185
Reportable segments \| PC \| King
Segment Reporting Information [Line Items]
Total net revenues	18	19	52	64
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	18	19	52	64
Reportable segments \| Mobile and ancillary \| Activision
Segment Reporting Information [Line Items]
Total net revenues	136	166	387	456
Net effect from recognition (deferral) of deferred net revenues	(4)	(1)	21	(1)
Segment net revenues	132	165	408	455
Reportable segments \| Mobile and ancillary \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	121	22	175	63
Net effect from recognition (deferral) of deferred net revenues	67	3	123	0
Segment net revenues	188	25	298	63
Reportable segments \| Mobile and ancillary \| King
Segment Reporting Information [Line Items]
Total net revenues	675	632	2,008	1,830
Net effect from recognition (deferral) of deferred net revenues	(1)	1	(2)	2
Segment net revenues	674	633	2,006	1,832
Reportable segments \| Other \| Activision
Segment Reporting Information [Line Items]
Total net revenues	9	8	31	38
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	9	8	31	38
Reportable segments \| Other \| Blizzard
Segment Reporting Information [Line Items]
Total net revenues	24	33	47	71
Net effect from recognition (deferral) of deferred net revenues	0	0	(1)	0
Segment net revenues	24	33	46	71
Reportable segments \| Other \| King
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Non-reportable segments \| Console
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| PC
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Non-reportable segments \| Other
Segment Reporting Information [Line Items]
Total net revenues	118	108	271	294
Net effect from recognition (deferral) of deferred net revenues	5	1	7	9
Segment net revenues	123	109	278	303
Elimination of intersegment revenues
Segment Reporting Information [Line Items]
Total net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(15)	(29)	(62)
Elimination of intersegment revenues \| Console
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues \| PC
Segment Reporting Information [Line Items]
Total net revenues	(9)	(15)	(29)	(62)
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	(9)	(15)	(29)	(62)
Elimination of intersegment revenues \| Mobile and ancillary
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	0	0	0	0
Elimination of intersegment revenues \| Other
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Net effect from recognition (deferral) of deferred net revenues	0	0	0	0
Segment net revenues	$ 0	$ 0	$ 0	$ 0

Operating Segments and Geographic Regions - Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Long-lived assets	$ 386	$ 406
Americas
Segment Reporting Information [Line Items]
Long-lived assets	264	264
EMEA
Segment Reporting Information [Line Items]
Long-lived assets	101	122
Asia Pacific
Segment Reporting Information [Line Items]
Long-lived assets	$ 21	$ 20

Share-Based Payments - Stock Option Activities (Details) - Stock Option Plan $ / shares in Units, shares in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Stock option activity, shares
Stock options at the beginning of the period (in shares) \| shares	9,133
Stock options, granted (in shares) \| shares	0
Stock options, exercised (in shares) \| shares	(857)
Stock options, forfeited (in shares) \| shares	(162)
Stock options, expired (in shares) \| shares	(46)
Stock options at the end of the period (in shares) \| shares	8,068
Stock options, vested and expected to vest (in shares) \| shares	7,919
Stock options, exercisable (in shares) \| shares	5,790
Weighted-average exercise price per stock option
Stock options, weighted-average strike price at the beginning of the period (in dollars per share) \| $ / shares	$ 57.77
Stock options, weighted-average exercise price, granted (in dollars per share) \| $ / shares	0
Stock options, weighted-average exercise price, exercised (in dollars per share) \| $ / shares	46.74
Stock options, weighted-average exercise price, forfeited (in dollars per share) \| $ / shares	72.97
Stock options, weighted-average exercise price, expired (in dollars per share) \| $ / shares	74.37
Stock options, weighted-average strike price at the end of the period (in dollars per share) \| $ / shares	58.54
Stock options, weighted-average exercise price, vested and expected to vest (in dollars per share) \| $ / shares	58.06
Stock options, weighted-average exercise price, exercisable (in dollars per share) \| $ / shares	$ 50.89
Stock options, weighted-average remaining contractual term	6 years 4 months 17 days
Stock options, weighted-average remaining contractual term, vested and expected to vest	6 years 4 months 6 days
Stock options, weighted-average remaining contractual term, exercisable	5 years 9 months 7 days
Stock options, aggregate intrinsic value \| $	$ 150
Stock options, aggregate intrinsic value, vested and expected to vest \| $	150
Stock options, aggregate intrinsic value, exercisable \| $	$ 140

Share-Based Payments - Narrative (Details) shares in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, unrecognized compensation	$ 15
Share-based compensation, unrecognized compensation weighted-average period of recognition	9 months
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, unrecognized compensation	$ 417
Share-based compensation, unrecognized compensation weighted-average period of recognition	1 year 3 months 10 days
Restricted stock rights, granted upon settlement (in shares) \| shares	2,777
Performance Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, unrecognized compensation	$ 63
Share-based compensation, unrecognized compensation weighted-average period of recognition	10 months 20 days

Share-Based Payments - Restricted Stock Units and Restricted Stock Awards Activities (Details) - Restricted Stock Units (RSUs) shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Restricted stock rights activity
Restricted stock rights at the beginning of the period (in shares) \| shares	13,258
Restricted stock rights, granted (in shares) \| shares	5,600
Restricted stock rights, vested (in shares) \| shares	(4,511)
Restricted stock rights, forfeited (in shares) \| shares	(1,359)
Restricted stock rights at the end of the period (in shares) \| shares	12,988
Restricted stock rights, weighted-average grant date fair value information
Restricted stock rights, weighted-average grant date fair value at the beginning of the period (in dollars per share) \| $ / shares	$ 75.51
Restricted stock rights, weighted-average grant date fair value, granted (in dollars per share) \| $ / shares	79.90
Restricted stock rights, weighted-average grant date fair value, vested (in dollars per share) \| $ / shares	77.09
Restricted stock rights, weighted-average grant date fair value, forfeited (in dollars per share) \| $ / shares	82.90
Restricted stock rights, weighted-average grant date fair value at the end of the period (in dollars per share) \| $ / shares	$ 76.23

Restructuring - Schedule of Accrued Restructuring Included in Accrued Expenses and Other Liabilities by Cost Type (Details) - 2019 Restructuring Plan - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Restructuring Reserve [Roll Forward]
Balance, beginning	$ 43	$ 62	$ 85
Cash payments	(7)	(12)	(20)
Non-cash charge and other adjustments	(2)	(7)	(3)
Balance, ending	34	43	62
Severance and employee related costs
Restructuring Reserve [Roll Forward]
Balance, beginning	35	49	64
Cash payments	(7)	(12)	(12)
Non-cash charge and other adjustments	(1)	(2)	(3)
Balance, ending	27	35	49
Other costs
Restructuring Reserve [Roll Forward]
Balance, beginning	8	13	21
Cash payments	0	0	(8)
Non-cash charge and other adjustments	(1)	(5)	0
Balance, ending	$ 7	$ 8	$ 13

Interest and Other (Income) Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Interest income	$ (51)	$ (1)	$ (68)	$ (4)
Interest expense from debt and amortization of debt discount and deferred financing costs	27	27	81	81
Realized and unrealized loss (gain) on equity investment	10	36	6	(35)
Other (income) expense, net	(1)	3	(3)	10
Interest and other (income) expense, net	$ (15)	$ 65	$ 16	$ 52

Income Taxes - (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes - (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 65	$ 120	$ 176	$ 391
Effective income tax rate reconciliation, percent	13.00%	16.00%	14.00%	15.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Computation of Basic/Diluted Earnings Per Common Share - (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Consolidated net income	$ 435	$ 280	$ 395	$ 639	$ 876	$ 619	$ 1,110	$ 2,135
Denominator:
Denominator for basic earnings per common share - weighted-average common shares outstanding (in shares)	782			778			781	777
Effect of dilutive stock options and awards under the treasury stock method (in shares)	7			5			7	7
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method (in shares)	789			783			788	784
Basic earnings per common share (in dollars per share)	$ 0.56			$ 0.82			$ 1.42	$ 2.75
Diluted earnings per common share (in dollars per share)	$ 0.55			$ 0.82			$ 1.41	$ 2.72

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Computation of Basic/Diluted Earnings Per Common Share - Weighted-Average Shares Excluded from the Computation of Diluted Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock units with performance measures not yet met (in shares)	2	3	2	3
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive employee stock options (in shares)	2	2	2	2

Capital Transactions - Repurchase Programs (Details) $ in Billions	Jan. 27, 2021 USD ($)
Equity [Abstract]
Stock repurchase program, dollar amount authorized	$ 4

Capital Transactions - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended		9 Months Ended
	May 06, 2022	Feb. 03, 2022	May 06, 2021	Feb. 04, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity [Abstract]
Dividends per common share (in dollars per share)		$ 0.47		$ 0.47	$ 0.47	$ 0.47
Cash dividend payment	$ 367		$ 365				$ 367	$ 365

Commitments and Contingencies - (Details) $ in Millions	Mar. 29, 2022 USD ($)
EEOC Agreement \| EEOC Settlement
Loss Contingencies [Line Items]
Settlement fund for eligible claimants	$ 18

Fair Value Measurements - Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 7,670	$ 10,269
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,606	10,249
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	64	20
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,367	10,035
Cash and cash equivalents \| Available-for-sale foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	19	34
Cash and cash equivalents \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,367	10,035
Cash and cash equivalents \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Available-for-sale foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	19	34
Cash and cash equivalents \| Significant Other Observable Inputs (Level 2) \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents \| Significant Other Observable Inputs (Level 2) \| Available-for-sale foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents \| Significant Unobservable Inputs (Level 3) \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents \| Significant Unobservable Inputs (Level 3) \| Available-for-sale foreign government treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets \| Available-for-sale U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	176	130
Other current assets \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	44	50
Other current assets \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		20
Other current assets \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Available-for-sale U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	176	130
Other current assets \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	44	50
Other current assets \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		0
Other current assets \| Significant Other Observable Inputs (Level 2) \| Available-for-sale U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets \| Significant Other Observable Inputs (Level 2) \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets \| Significant Other Observable Inputs (Level 2) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		20
Other current assets \| Significant Unobservable Inputs (Level 3) \| Available-for-sale U.S. treasuries and government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets \| Significant Unobservable Inputs (Level 3) \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Other current assets \| Significant Unobservable Inputs (Level 3) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		$ 0
Other current assets & Other assets \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	64
Other current assets & Other assets \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0
Other current assets & Other assets \| Significant Other Observable Inputs (Level 2) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	64
Other current assets & Other assets \| Significant Unobservable Inputs (Level 3) \| Foreign currency forward contracts designated as hedges \| Foreign currency forward contracts designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 0