Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	Apr. 19, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-22513
Entity Registrant Name	AMAZON.COM, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1646860
Entity Address, Address Line One	410 Terry Avenue North
Entity Address, City or Town	Seattle,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98109-5210
City Area Code	206
Local Phone Number	266-1000
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMZN
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		10,260,353,688
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001018724

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Cash Flows [Abstract]
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	$ 54,253	$ 36,477	$ 36,599	$ 34,155
OPERATING ACTIVITIES:
Net income (loss)	3,172	(3,844)	4,294	21,413
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other	11,123	9,193	43,851	36,088
Stock-based compensation	4,748	3,250	21,119	13,701
Other expense (income), net	534	8,689	8,811	(4,161)
Deferred income taxes	(472)	(2,001)	(6,619)	(4,014)
Changes in operating assets and liabilities:
Inventories	371	(2,614)	393	(11,797)
Accounts receivable, net and other	1,521	(1,516)	(18,860)	(17,424)
Accounts payable	(11,264)	(9,380)	1,061	2,488
Accrued expenses and other	(5,763)	(5,903)	(1,418)	280
Unearned revenue	818	1,336	1,698	2,750
Net cash provided by (used in) operating activities	4,788	(2,790)	54,330	39,324
INVESTING ACTIVITIES:
Purchases of property and equipment	(14,207)	(14,951)	(62,901)	(63,922)
Proceeds from property and equipment sales and incentives	1,137	1,209	5,252	5,971
Acquisitions, net of cash acquired, and other	(3,513)	(6,341)	(5,488)	(7,696)
Sales and maturities of marketable securities	1,115	22,753	9,963	64,311
Purchases of marketable securities	(338)	(1,764)	(1,139)	(47,246)
Net cash provided by (used in) investing activities	(15,806)	906	(54,313)	(48,582)
FINANCING ACTIVITIES:
Common stock repurchased	0	(2,666)	(3,334)	(2,666)
Proceeds from short-term debt, and other	12,780	13,743	40,590	19,773
Repayments of short-term debt, and other	(3,603)	(6,231)	(34,926)	(11,983)
Proceeds from long-term debt	0	0	21,166	18,892
Repayments of long-term debt	(1,386)	0	(2,644)	(1,551)
Principal repayments of finance leases	(1,380)	(2,777)	(6,544)	(10,534)
Principal repayments of financing obligations	(57)	(79)	(226)	(174)
Net cash provided by (used in) financing activities	6,354	1,990	14,082	11,757
Foreign currency effect on cash, cash equivalents, and restricted cash	145	16	(964)	(55)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(4,519)	122	13,135	2,444
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	$ 49,734	$ 36,599	$ 49,734	$ 36,599

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Total net sales	$ 127,358	$ 116,444
Operating expenses:
Cost of sales	67,791	66,499
Fulfillment	20,905	20,271
Technology and content	20,450	14,842
Sales and marketing	10,172	8,320
General and administrative	3,043	2,594
Other operating expense (income), net	223	249
Total operating expenses	122,584	112,775
Operating income	4,774	3,669
Interest income	611	108
Interest expense	(823)	(472)
Other income (expense), net	(443)	(8,570)
Total non-operating expense	(655)	(8,934)
Income (loss) before income taxes	4,119	(5,265)
Benefit (provision) for income taxes	(948)	1,422
Equity-method investment activity, net of tax	1	(1)
Net income (loss)	$ 3,172	$ (3,844)
Basic earnings per share (in usd per share)	$ 0.31	$ (0.38)
Diluted earnings per share (in usd per share)	$ 0.31	$ (0.38)
Weighted-average shares used in computation of earnings per share:
Basic (in shares)	10,250	10,171
Diluted (in shares)	10,347	10,171
Product
Total net sales	$ 56,981	$ 56,455
Service
Total net sales	$ 70,377	$ 59,989

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,172	$ (3,844)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(16) and $(10)	386	(333)
Net change in unrealized gains (losses) on available-for-sale debt securities:
Unrealized gains (losses), net of tax of $1 and $(29)	95	(662)
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0 and $(10)	33	6
Net unrealized gains (losses) on available-for-sale debt securities	128	(656)
Total other comprehensive income (loss)	514	(989)
Comprehensive income (loss)	$ 3,686	$ (4,833)

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ (10)	$ (16)
Unrealized gains (losses), tax	(29)	1
Reclassification adjustment for losses (gains) included in “Other income (expense), net,”	$ (10)	$ 0

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 49,343	$ 53,888
Marketable securities	15,062	16,138
Inventories	34,170	34,405
Accounts receivable, net and other	37,646	42,360
Total current assets	136,221	146,791
Property and equipment, net	190,754	186,715
Operating leases	68,262	66,123
Goodwill	22,749	20,288
Other assets	46,392	42,758
Total assets	464,378	462,675
Current liabilities:
Accounts payable	66,907	79,600
Accrued expenses and other	66,382	62,566
Unearned revenue	14,281	13,227
Total current liabilities	147,570	155,393
Long-term lease liabilities	74,267	72,968
Long-term debt	67,084	67,150
Other long-term liabilities	20,931	21,121
Commitments and contingencies (Note 4)
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)	0	0
Common stock ($0.01 par value; 100,000 shares authorized; 10,757 and 10,773 shares issued; 10,242 and 10,258 shares outstanding)	108	108
Treasury stock, at cost	(7,837)	(7,837)
Additional paid-in capital	79,863	75,066
Accumulated other comprehensive income (loss)	(3,973)	(4,487)
Retained earnings	86,365	83,193
Total stockholders’ equity	154,526	146,043
Total liabilities and stockholders’ equity	$ 464,378	$ 462,675

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	500,000,000	500,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000,000	100,000,000,000
Common stock, issued (in shares)	10,773,000,000	10,757,000,000
Common stock, outstanding (in shares)	10,258,000,000	10,242,000,000

Accounting Policies and Supplemental Disclosures

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Accounting Policies and Supplemental Disclosures

ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES

Unaudited Interim Financial Information

We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2023 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2022 Annual Report on Form 10-K.

Common Stock Split

On May 27, 2022, we effected a 20-for-1 stock split of our common stock and proportionately increased the number of authorized shares of common stock. All share, restricted stock unit (“RSU”), and per share or per RSU information throughout this Quarterly Report on Form 10-Q has been retroactively adjusted to reflect the stock split. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from “Additional paid-in capital” to “Common stock.”

Prior Period Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation. “Other operating expense (income), net” was reclassified into “Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other” on our consolidated statements of cash flows.

Principles of Consolidation

The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates.

For the three months ended March 31, 2023, we recorded approximately $470 million of estimated severance costs primarily related to planned role eliminations. These charges were recorded primarily in “Sales and marketing,” “Technology and content,” and “General and administrative” on our consolidated statements of operations and included approximately $270 million recorded within our AWS segment.

For the three months ended March 31, 2022 and 2023, we recorded approximately $190 million and $180 million of impairments of property and equipment and operating leases primarily related to physical stores in Q1 2022 and fulfillment network facilities in Q1 2023. These charges were recorded in “Other operating expense (income), net” on our consolidated statements of operations and primarily impacted our North America segment.

Supplemental Cash Flow Information

The following table shows supplemental cash flow information (in millions):


	Three Months Ended March 31,				Twelve Months Ended March 31,
	2022		2023			2022		2023
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt	$	279	$	402		$	1,101	$	1,684
Cash paid for operating leases	2,367		2,467			7,449		8,733
Cash paid for interest on finance leases	107		81			471		348
Cash paid for interest on financing obligations	58		59			178		208
Cash paid for income taxes, net of refunds	453		619			3,340		6,201
Assets acquired under operating leases	2,175		3,626			24,008		20,251
Property and equipment acquired under finance leases, net of remeasurements and modifications	166		8			5,160		517
Property and equipment recognized during the construction period of build-to-suit lease arrangements	1,365		131			6,324		1,953
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	33		720			263		5,845

Earnings Per Share

Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.

The following table shows the calculation of diluted shares (in millions):


	Three Months Ended March 31,
	2022	2023
Shares used in computation of basic earnings per share	10,171	10,250
Total dilutive effect of outstanding stock awards	—	97
Shares used in computation of diluted earnings per share	10,171	10,347

Other Income (Expense), Net

Other income (expense), net, is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Marketable equity securities valuation gains (losses)	$	(8,245)	$	(480)
Equity warrant valuation gains (losses)	(312)		59
Upward adjustments relating to equity investments in private companies	7		16
Foreign currency gains (losses)	14		70
Other, net	(34)		(108)
Total other income (expense), net	(8,570)		(443)

Included in other income (expense), net is a marketable equity securities valuation gain (loss) of $(7.6) billion and $(467) million in Q1 2022 and Q1 2023, from our equity investment in Rivian Automotive, Inc. (“Rivian”). Our investment in Rivian’s preferred stock was accounted for at cost, with adjustments for observable changes in prices or impairments, prior to Rivian’s initial public offering in November 2021, which resulted in the conversion of our preferred stock to Class A common stock. As of March 31, 2023, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 17% ownership interest, and an approximate 16% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets, and had a fair value of $2.9 billion and

$2.5 billion as of December 31, 2022 and March 31, 2023. The investment was subject to regulatory sales restrictions resulting in a discount for lack of marketability of approximately $800 million as of December 31, 2021, which expired in Q1 2022.

Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):



	Year Ended December 31, 2021		Year Ended December 31, 2022
Revenues	$	55	$	1,658
Gross profit	(465)		(3,123)
Loss from operations	(4,220)		(6,856)
Net loss	(4,688)		(6,752)

Inventories

Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $2.8 billion as of December 31, 2022 and March 31, 2023.

Accounts Receivable, Net and Other

Included in “Accounts receivable, net and other” on our consolidated balance sheets are amounts primarily related to customers, vendors, and sellers. As of December 31, 2022 and March 31, 2023, customer receivables, net, were $26.6 billion and $24.3 billion, vendor receivables, net, were $6.9 billion and $5.0 billion, and seller receivables, net, were $1.3 billion and $1.2 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory.

We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.4 billion as of December 31, 2022 and March 31, 2023.

Digital Video and Music Content

The total capitalized costs of video, which is primarily released content, and music as of December 31, 2022 and March 31, 2023 were $16.7 billion and $17.4 billion. The weighted average remaining life of our capitalized video content is 3.5 years. Total video and music expense was $3.5 billion and $4.0 billion in Q1 2022 and Q1 2023.

Unearned Revenue

Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2022 was $16.1 billion, of which $5.3 billion was recognized as revenue during the three months ended March 31, 2023. Included in “Other long-term liabilities” on our consolidated balance sheets was $2.9 billion and $2.8 billion of unearned revenue as of December 31, 2022 and March 31, 2023.

Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $122.0 billion as of March 31, 2023. The weighted-average remaining life of our long-term contracts is 3.9 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.

Acquisition Activity

On February 22, 2023, we acquired 1Life Healthcare, Inc. (“One Medical”), for cash consideration of approximately $3.5 billion, net of cash acquired, to provide health care options for customers. The acquired assets primarily consist of $1.3 billion of intangible assets and $2.5 billion of goodwill, which is allocated to our North America segment. The valuation of certain assets and liabilities is preliminary and subject to change.

Pro forma results of operations have not been presented because the effects of the One Medical acquisition were not material to our consolidated results of operations. Acquisition-related costs were expensed as incurred and were not significant.

Financial Instruments

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Financial Instruments

FINANCIAL INSTRUMENTS

Cash, Cash Equivalents, Restricted Cash, and Marketable Securities

As of December 31, 2022 and March 31, 2023, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:

Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3—Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data. We did not hold significant amounts of marketable securities categorized as Level 3 assets as of December 31, 2022 and March 31, 2023.

The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):


	December 31, 2022		March 31, 2023
	Total Estimated Fair Value		Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Total Estimated Fair Value
Cash	$	10,666	$	10,968	$	—	$	—	$	10,968
Level 1 securities:
Money market funds	27,899		35,861		—		—		35,861
Equity securities (1)	3,709								3,231
Level 2 securities:
Foreign government and agency securities	535		28		—		(1)		27
U.S. government and agency securities	2,146		2,341		1		(124)		2,218
Corporate debt securities	22,627		10,193		—		(384)		9,809
Asset-backed securities	2,572		2,572		—		(118)		2,454
Other fixed income securities	237		237		—		(9)		228

	$	70,391	$	62,200	$	1	$	(636)	$	64,796
Less: Restricted cash, cash equivalents, and marketable securities (2)	(365)								(391)
Total cash, cash equivalents, and marketable securities	$	70,026							$	64,405

___________________

(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(8.1) billion and $(479) million in Q1 2022 and Q1 2023.

(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable fixed income securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable fixed income securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”

The following table summarizes the remaining contractual maturities of our cash equivalents and marketable fixed income securities as of March 31, 2023 (in millions):


	Amortized Cost		Estimated Fair Value
Due within one year	$	41,857	$	41,801
Due after one year through five years	7,130		6,675
Due after five years through ten years	594		562
Due after ten years	1,651		1,559
Total	$	51,232	$	50,597

Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.

Equity Warrants and Non-Marketable Equity Investments

We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2022 and March 31, 2023, these warrants had a fair value of $2.1 billion and $2.0 billion, and are recorded within “Other assets” on our consolidated balance sheets with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are primarily classified as Level 2 assets.

As of December 31, 2022 and March 31, 2023, equity investments not accounted for under the equity-method and without readily determinable fair values had a carrying value of $715 million and $707 million, and are recorded within “Other assets” on our consolidated balance sheets with adjustments recognized in “Other income (expense), net” on our consolidated statements of operations.

Consolidated Statements of Cash Flows Reconciliation

The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):


	December 31, 2022		March 31, 2023
Cash and cash equivalents	$	53,888	$	49,343
Restricted cash included in accounts receivable, net and other	358		377
Restricted cash included in other assets	7		14
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	54,253	$	49,734

Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

LEASES

We have entered into non-cancellable operating and finance leases for fulfillment network, office, data center, and physical store facilities as well as server and networking equipment, vehicles, and aircraft. Gross assets acquired under finance leases, inclusive of those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $68.0 billion and $66.5 billion as of December 31, 2022 and March 31, 2023. Accumulated amortization associated with finance leases was $45.2 billion as of December 31, 2022 and March 31, 2023.

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Operating lease cost	$	2,103	$	2,512
Finance lease cost:
Amortization of lease assets	1,560		1,546
Interest on lease liabilities	103		80
Finance lease cost	1,663		1,626

Variable lease cost	469		518
Total lease cost	$	4,235	$	4,656

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2022		March 31, 2023
Weighted-average remaining lease term – operating leases	11.6 years		11.5 years
Weighted-average remaining lease term – finance leases	10.3 years		10.8 years
Weighted-average discount rate – operating leases	2.8	%	3.0	%
Weighted-average discount rate – finance leases	2.3	%	2.4	%

Our lease liabilities were as follows (in millions):


	December 31, 2022
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	81,273	$	18,019	$	99,292
Less: imputed interest	(12,233)		(2,236)		(14,469)
Present value of lease liabilities	69,040		15,783		84,823
Less: current portion of lease liabilities	(7,458)		(4,397)		(11,855)
Total long-term lease liabilities	$	61,582	$	11,386	$	72,968


	March 31, 2023
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	84,468	$	16,511	$	100,979
Less: imputed interest	(13,220)		(2,064)		(15,284)
Present value of lease liabilities	71,248		14,447		85,695
Less: current portion of lease liabilities	(7,752)		(3,676)		(11,428)
Total long-term lease liabilities	$	63,496	$	10,771	$	74,267

Leases

LEASES

We have entered into non-cancellable operating and finance leases for fulfillment network, office, data center, and physical store facilities as well as server and networking equipment, vehicles, and aircraft. Gross assets acquired under finance leases, inclusive of those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $68.0 billion and $66.5 billion as of December 31, 2022 and March 31, 2023. Accumulated amortization associated with finance leases was $45.2 billion as of December 31, 2022 and March 31, 2023.

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Operating lease cost	$	2,103	$	2,512
Finance lease cost:
Amortization of lease assets	1,560		1,546
Interest on lease liabilities	103		80
Finance lease cost	1,663		1,626

Variable lease cost	469		518
Total lease cost	$	4,235	$	4,656

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2022		March 31, 2023
Weighted-average remaining lease term – operating leases	11.6 years		11.5 years
Weighted-average remaining lease term – finance leases	10.3 years		10.8 years
Weighted-average discount rate – operating leases	2.8	%	3.0	%
Weighted-average discount rate – finance leases	2.3	%	2.4	%

Our lease liabilities were as follows (in millions):


	December 31, 2022
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	81,273	$	18,019	$	99,292
Less: imputed interest	(12,233)		(2,236)		(14,469)
Present value of lease liabilities	69,040		15,783		84,823
Less: current portion of lease liabilities	(7,458)		(4,397)		(11,855)
Total long-term lease liabilities	$	61,582	$	11,386	$	72,968


	March 31, 2023
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	84,468	$	16,511	$	100,979
Less: imputed interest	(13,220)		(2,064)		(15,284)
Present value of lease liabilities	71,248		14,447		85,695
Less: current portion of lease liabilities	(7,752)		(3,676)		(11,428)
Total long-term lease liabilities	$	63,496	$	10,771	$	74,267

Commitments and Contingencies

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

Commitments

The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of March 31, 2023 (in millions):


	Nine Months Ended December 31,		Year Ended December 31,
	2023		2024		2025		2026		2027		Thereafter		Total
Long-term debt principal and interest	$	3,882	$	10,615	$	7,203	$	5,123	$	10,399	$	63,814	$	101,036
Operating lease liabilities	7,604		9,207		8,560		7,878		7,148		44,071		84,468
Finance lease liabilities, including interest	3,073		2,230		1,425		1,284		1,101		7,398		16,511
Financing obligations, including interest (1)	349		464		457		464		471		6,712		8,917
Leases not yet commenced	1,025		2,048		2,048		2,019		2,056		17,173		26,369
Unconditional purchase obligations (2)	6,300		7,392		5,603		4,738		3,530		6,098		33,661
Other commitments (3)(4)	2,827		1,930		1,199		1,062		854		8,136		16,008
Total commitments	$	25,060	$	33,886	$	26,495	$	22,568	$	25,559	$	153,402	$	286,970

___________________

(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $266 million and $268 million are recorded within “Accrued expenses and other” and $6.7 billion and $6.6 billion are recorded within “Other long-term liabilities” as of December 31, 2022 and March 31, 2023. The weighted-average remaining term of the financing obligations was 17.9 years and 17.7 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2022 and March 31, 2023.

(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified.

(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction.

(4)Excludes approximately $4.2 billion of accrued tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.

In August 2022, we entered into an agreement to acquire iRobot Corporation for approximately $1.7 billion, including its debt, subject to customary closing conditions. We expect to fund this acquisition with cash on hand.

Other Contingencies

We are disputing claims and denials of refunds or credits related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically relate to (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations.

Legal Proceedings

The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2022 Annual Report on Form 10-K, as supplemented by the following:

In May 2018, Rensselaer Polytechnic Institute and CF Dynamic Advances LLC filed a complaint against Amazon.com, Inc. in the United States District Court for the Northern District of New York. The complaint alleges, among other things, that “Alexa Voice Software and Alexa enabled devices” infringe U.S. Patent No. 7,177,798, entitled “Natural Language Interface Using Constrained Intermediate Dictionary of Results.” The complaint seeks an injunction, an unspecified amount of damages, enhanced damages, an ongoing royalty, interest, attorneys’ fees, and costs. In March 2023, the plaintiffs alleged in their damages report that in the event of a finding of liability Amazon could be subject to $140 million to $267 million in damages. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter.

Beginning in March 2020, with Frame-Wilson v. Amazon.com, Inc. filed in the United States District Court for the Western District of Washington (“W.D. Wash.”), private litigants have filed a number of cases in the U.S. and Canada alleging, among other things, price fixing arrangements between Amazon.com, Inc. and vendors and third-party sellers in Amazon’s stores, monopolization and attempted monopolization, and consumer protection and unjust enrichment claims. Attorneys General for the District of Columbia and California brought similar suits in May 2021 and September 2022 in the Superior Court of the District of Columbia and the California Superior Court for the County of San Francisco, respectively. Some of the private cases include allegations of several distinct purported classes, including consumers who purchased a product through Amazon’s stores and consumers who purchased a product offered by Amazon through another e-commerce retailer. The complaints seek billions of dollars of alleged actual damages, treble damages, punitive damages, injunctive relief, civil penalties, attorneys’ fees, and costs. Amazon’s motions to dismiss were granted in part and denied in part in Frame-Wilson in March 2022 and March 2023, De Coster v. Amazon.com, Inc. (W.D. Wash.) in January 2023, and the California Attorney General’s lawsuit in March 2023. All three courts dismissed claims alleging that Amazon’s pricing policies are inherently illegal and denied dismissal of claims alleging that Amazon’s pricing policies are an unlawful restraint of trade. In March 2022, the DC Superior Court dismissed the DC Attorney General’s lawsuit in its entirety; the dismissal is under appeal as of January 2023. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.

Beginning in May 2021, Angela Hogan and her minor child filed purported class-action complaints against Amazon.com, Inc. in the Circuit Court of Cook County, Illinois, and against Amazon.com, Inc. and Amazon.com Services LLC in the United States District Court for the Northern District of Illinois. The complaints allege, among other things, that Amazon’s collection, storage, use, retention, and protection of biometric identifiers violated the Illinois Biometric Information Privacy Act. The complaints allege similar purported classes of Illinois residents who allegedly had biometric identifiers collected from photographs stored in an Amazon Photos account. The complaints seek certification as class actions, an unspecified amount of damages, injunctive relief, attorneys’ fees, costs, and interest. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.

In December 2021, the Italian Competition Authority (the “ICA”) issued a decision against Amazon Services Europe S.à r.l., Amazon Europe Core S.à r.l., Amazon EU S.à r.l., Amazon Italia Services S.r.l., and Amazon Italia Logistica S.r.l. claiming that certain of our marketplace and logistics practices in Italy infringe EU competition rules. The decision imposes remedial actions and a fine of €1.13 billion, which we have paid and will seek to recover pending conclusion of all appeals. We believe the ICA’s decision to be without merit and intend to defend ourselves vigorously in this matter.

In addition, we are regularly subject to claims, litigation, and other proceedings, including potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters.

The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows.

See also “Note 7 — Income Taxes.”

Debt

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt

DEBT

As of March 31, 2023, we had $68.5 billion of unsecured senior notes outstanding (the “Notes”) and $972 million of borrowings under our credit facility. Our total long-term debt obligations are as follows (in millions):


	Maturities (1)	Stated Interest Rates	Effective Interest Rates	December 31, 2022		March 31, 2023
2014 Notes issuance of $6.0 billion	2024 - 2044	3.80% - 4.95%	3.90% - 5.12%	4,000		4,000
2017 Notes issuance of $17.0 billion	2024 - 2057	2.80% - 5.20%	2.95% - 4.33%	16,000		15,000
2020 Notes issuance of $10.0 billion	2023 - 2060	0.40% - 2.70%	0.56% - 2.77%	10,000		10,000
2021 Notes issuance of $18.5 billion	2023 - 2061	0.25% - 3.25%	0.35% - 3.31%	18,500		18,500
April 2022 Notes issuance of $12.8 billion	2024 - 2062	2.73% - 4.10%	2.83% - 4.15%	12,750		12,750
December 2022 Notes issuance of $8.3 billion	2024 - 2032	4.55% - 4.70%	4.61% - 4.83%	8,250		8,250
Credit Facility				1,042		972

Total face value of long-term debt				70,542		69,472
Unamortized discount and issuance costs, net				(393)		(388)
Less: current portion of long-term debt				(2,999)		(2,000)
Long-term debt				$	67,150	$	67,084

___________________

(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 12.3, 14.9, 16.5, 13.1, 13.0, and 5.6 years as of March 31, 2023. The combined weighted-average remaining life of the Notes was 13.0 years as of March 31, 2023.

Interest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $61.4 billion and $62.4 billion as of December 31, 2022 and March 31, 2023, which is based on quoted prices for our debt as of those dates.

In January 2023, we entered into an $8.0 billion unsecured 364-day term loan with a syndicate of lenders (the “Term Loan”), which matures in January 2024 and bears interest at the Secured Overnight Financing Rate specified in the Term Loan plus 0.75%. If we exercise our option to extend the Term Loan’s maturity to January 2025, the interest rate spread will increase from 0.75% to 1.05%. As of March 31, 2023, $8.0 billion of the Term Loan was outstanding, which was included in “Accrued expenses and other” on our consolidated balance sheets and had an interest rate of 5.7%.

We have a $1.5 billion secured revolving credit facility with a lender that is secured by certain seller receivables, which we may from time to time increase in the future subject to lender approval (the “Credit Facility”). The Credit Facility is available until August 2025, bears interest based on the daily Secured Overnight Financing Rate plus 1.25%, and has a commitment fee of up to 0.45% on the undrawn portion. There were $1.0 billion and $972 million of borrowings outstanding under the Credit Facility as of December 31, 2022 and March 31, 2023, which had an interest rate of 5.6% and 6.1%, respectively. As of December 31, 2022 and March 31, 2023, we have pledged $1.2 billion and $1.1 billion of our cash and seller receivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which is based on Level 2 inputs, approximated its carrying value as of December 31, 2022 and March 31, 2023.

We have U.S. Dollar and Euro commercial paper programs (the “Commercial Paper Programs”) under which we may from time to time issue unsecured commercial paper up to a total of $20.0 billion (including up to €3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed 397 days from the date of issue. There were $6.8 billion and $7.8 billion of borrowings outstanding under the Commercial Paper Programs as of December 31, 2022 and March 31, 2023, which were included in “Accrued expenses and other” on our consolidated balance sheets and had a weighted-average effective interest rate, including issuance costs, of 4.5% and 4.7%, respectively. We use the net proceeds from the issuance of commercial paper for general corporate purposes.

We have a $10.0 billion unsecured revolving credit facility with a syndicate of lenders (the “Credit Agreement”), with a term that extends to March 2025. It may be extended for up to three additional one-year terms if approved by the lenders. The interest rate applicable to outstanding balances under the Credit Agreement is the applicable benchmark rate specified in the Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. There were no borrowings outstanding under the Credit Agreement as of December 31, 2022 and March 31, 2023.

We have a $10.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders (the “Short-Term Credit Agreement”), which matures in November 2023 and may be extended for one additional period of 364 days if approved by the lenders. The interest rate applicable to outstanding balances under the Short-Term Credit Agreement is the Secured Overnight Financing Rate specified in the Short-Term Credit Agreement plus 0.45%, with a commitment fee of 0.05% on the undrawn portion. There were no borrowings outstanding under the Short-Term Credit Agreement as of December 31, 2022 and March 31, 2023.

We also utilize other short-term credit facilities for working capital purposes. There were $1.2 billion and $1.1 billion of borrowings outstanding under these facilities as of December 31, 2022 and March 31, 2023, which were included in “Accrued expenses and other” on our consolidated balance sheets. In addition, we had $8.5 billion of unused letters of credit as of March 31, 2023.

- 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.

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+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Stock Repurchase Activity

In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration, which replaced the previous $5.0 billion stock repurchase authorization, approved by the Board of Directors in February 2016. We repurchased 18.6 million shares of our common stock for $2.7 billion during the three months ended March 31, 2022 under these programs. There were no repurchases of our common stock during the three months ended March 31, 2023. As of March 31, 2023, we have $6.1 billion remaining under the repurchase program.

Stock Award Activity

Common shares outstanding plus shares underlying outstanding stock awards totaled 10.6 billion as of December 31, 2022 and March 31, 2023. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Cost of sales	$	146	$	165
Fulfillment	498		603
Technology and content	1,645		2,574
Sales and marketing	665		993
General and administrative	296		413
Total stock-based compensation expense	$	3,250	$	4,748

The following table summarizes our restricted stock unit activity for the three months ended March 31, 2023 (in millions):


	Number of Units	Weighted-Average Grant-Date Fair Value
Outstanding as of December 31, 2022	384.4	$	144
Units granted	13.4	99
Units vested	(15.6)	120
Units forfeited	(15.5)	144
Outstanding as of March 31, 2023	366.7	144

Scheduled vesting for outstanding restricted stock units as of March 31, 2023, is as follows (in millions):


	Nine Months Ended December 31,	Year Ended December 31,
	2023	2024	2025	2026	2027	Thereafter	Total
Scheduled vesting — restricted stock units	124.5	133.6	67.0	37.2	2.5	1.9	366.7

As of March 31, 2023, there was $19.9 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a remaining weighted-average recognition period of 1.0 year. The estimated forfeiture rate as of December 31, 2022 and March 31, 2023 was 26.5%. Changes in our estimates and assumptions relating to forfeitures may cause us to realize material changes in stock-based compensation expense in the future.

Changes in Stockholders’ Equity

The following table shows changes in stockholders’ equity (in millions):


	Three Months Ended March 31,
	2022		2023
Total beginning stockholders’ equity	$	138,245	$	146,043

Beginning common stock	106		108
Stock-based compensation and issuance of employee benefit plan stock	1		—
Ending common stock	107		108

Beginning treasury stock	(1,837)		(7,837)
Common stock repurchased	(2,666)		—
Ending treasury stock	(4,503)		(7,837)

Beginning additional paid-in capital	55,437		75,066
Stock-based compensation and issuance of employee benefit plan stock	3,254		4,797
Ending additional paid-in capital	58,691		79,863

Beginning accumulated other comprehensive income (loss)	(1,376)		(4,487)
Other comprehensive income (loss)	(989)		514
Ending accumulated other comprehensive income (loss)	(2,365)		(3,973)

Beginning retained earnings	85,915		83,193

Net income (loss)	(3,844)		3,172
Ending retained earnings	82,071		86,365

Total ending stockholders’ equity	$	134,001	$	154,526

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions. For 2023, we estimate that our effective tax rate will be favorably impacted by the foreign income deduction and U.S. federal research and development credit and adversely affected by state income taxes. In addition, valuation gains and losses from our equity investment in Rivian impact our pre-tax income and may cause variability in our effective tax rate. Our income tax benefit for the three months ended March 31, 2022 was $1.4 billion, which included $2.1 billion of net discrete tax benefits primarily attributable to a valuation loss related to our equity investment in Rivian. Our income tax provision for the three months ended March 31, 2023 was $948 million, which included $48 million of net discrete tax expense. Cash paid for income taxes, net of refunds was $453 million and $619 million in Q1 2022 and Q1 2023. As of December 31, 2022 and March 31, 2023, tax contingencies were approximately $4.0 billion and $4.2 billion. Changes in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors, including the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to our contingencies related to positions on prior years’ tax filings. We are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These examinations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination as well as subsequent periods. We are also subject to taxation in various states and other foreign jurisdictions including China, France, Germany, India, Japan, Luxembourg, and the United Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular jurisdictions primarily for 2011 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and characterization of income. In September 2022, the Luxembourg tax authority (“LTA”) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the U.S. in 2021. We believe the LTA’s position is without merit and intend to defend ourselves vigorously in this matter. In February 2023, we received a decision by the Indian tax authority (“ITA”) that tax applies to cloud services fees paid to Amazon in the U.S. We will need to remit taxes on the services in question, including for a portion of prior years, until this matter is resolved, which payments could be significant in the aggregate. We believe the ITA’s decision is without merit, we are defending our position vigorously in the Indian courts, and we expect to recoup taxes paid. If this matter is adversely resolved, we could recognize significant additional tax expense, including for taxes previously paid. In October 2014, the European Commission opened a formal investigation to examine whether decisions by the tax authorities in Luxembourg with regard to the corporate income tax paid by certain of our subsidiaries comply with European Union rules on state aid. On October 4, 2017, the European Commission announced its decision that determinations by the tax authorities in Luxembourg did not comply with European Union rules on state aid. Based on that decision, the European Commission announced an estimated recovery amount of approximately €250 million, plus interest, for the period May 2006 through June 2014, and ordered Luxembourg tax authorities to calculate the actual amount of additional taxes subject to recovery. Luxembourg computed an initial recovery amount, consistent with the European Commission’s decision, which we deposited into escrow in March 2018, subject to adjustment pending conclusion of all appeals. In December 2017, Luxembourg appealed the European Commission’s decision. In May 2018, we appealed. On May 12, 2021, the European Union General Court annulled the European Commission’s state aid decision. In July 2021, the European Commission appealed the decision to the European Court of Justice. We will continue to defend ourselves vigorously in this matter.

- 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

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+ Details

Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and content,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology infrastructure costs are allocated to the AWS segment based on usage. The majority of the remaining non-infrastructure technology costs are incurred in the U.S. and are allocated to our North America segment. There are no internal revenue transactions between our reportable segments. These segments reflect the way our chief operating decision maker evaluates the Company’s business performance and manages its operations.

North America

The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions through North America-focused online and physical stores. This segment includes export sales from these online stores.

International

The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores.

AWS

The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.

Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
North America
Net sales	$	69,244	$	76,881
Operating expenses	70,812		75,983
Operating income (loss)	$	(1,568)	$	898

International
Net sales	$	28,759	$	29,123
Operating expenses	30,040		30,370
Operating loss	$	(1,281)	$	(1,247)

AWS
Net sales	$	18,441	$	21,354
Operating expenses	11,923		16,231
Operating income	$	6,518	$	5,123

Consolidated
Net sales	$	116,444	$	127,358
Operating expenses	112,775		122,584
Operating income	3,669		4,774
Total non-operating expense	(8,934)		(655)
Benefit (provision) for income taxes	1,422		(948)
Equity-method investment activity, net of tax	(1)		1
Net income (loss)	$	(3,844)	$	3,172

Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Net Sales:
Online stores (1)	$	51,129	$	51,096
Physical stores (2)	4,591		4,895
Third-party seller services (3)	25,335		29,820
Subscription services (4)	8,410		9,657
Advertising services (5)	7,877		9,509
AWS	18,441		21,354
Other (6)	661		1,027
Consolidated	$	116,444	$	127,358

____________________________

(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital product subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”

(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”

(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.

(4)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.

(5)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.

(6)Includes sales related to various other offerings, such as certain licensing and distribution of video content, shipping services, and health care services, and our co-branded credit card agreements.

- 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
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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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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: 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 11: 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
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Accounting Policies and Supplemental Disclosures (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2023 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2022 Annual Report on Form 10-K.
Prior Period Reclassifications	Prior Period Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. “Other operating expense (income), net” was reclassified into “Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other” on our consolidated statements of cash flows.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates.
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Inventories	Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $2.8 billion as of December 31, 2022 and March 31, 2023.
Accounts Receivable, Net and Other	Accounts Receivable, Net and Other Included in “Accounts receivable, net and other” on our consolidated balance sheets are amounts primarily related to customers, vendors, and sellers. As of December 31, 2022 and March 31, 2023, customer receivables, net, were $26.6 billion and $24.3 billion, vendor receivables, net, were $6.9 billion and $5.0 billion, and seller receivables, net, were $1.3 billion and $1.2 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.4 billion as of December 31, 2022 and March 31, 2023.
Digital Video and Music Content	Digital Video and Music Content The total capitalized costs of video, which is primarily released content, and music as of December 31, 2022 and March 31, 2023 were $16.7 billion and $17.4 billion. The weighted average remaining life of our capitalized video content is 3.5 years. Total video and music expense was $3.5 billion and $4.0 billion in Q1 2022 and Q1 2023.
Unearned Revenue	Unearned Revenue Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2022 was $16.1 billion, of which $5.3 billion was recognized as revenue during the three months ended March 31, 2023. Included in “Other long-term liabilities” on our consolidated balance sheets was $2.9 billion and $2.8 billion of unearned revenue as of December 31, 2022 and March 31, 2023. Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $122.0 billion as of March 31, 2023. The weighted-average remaining life of our long-term contracts is 3.9 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.

Accounting Policies and Supplemental Disclosures (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Supplemental Cash Flow Information

The following table shows supplemental cash flow information (in millions):


	Three Months Ended March 31,				Twelve Months Ended March 31,
	2022		2023			2022		2023
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt	$	279	$	402		$	1,101	$	1,684
Cash paid for operating leases	2,367		2,467			7,449		8,733
Cash paid for interest on finance leases	107		81			471		348
Cash paid for interest on financing obligations	58		59			178		208
Cash paid for income taxes, net of refunds	453		619			3,340		6,201
Assets acquired under operating leases	2,175		3,626			24,008		20,251
Property and equipment acquired under finance leases, net of remeasurements and modifications	166		8			5,160		517
Property and equipment recognized during the construction period of build-to-suit lease arrangements	1,365		131			6,324		1,953
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	33		720			263		5,845

Calculation of Diluted Shares

The following table shows the calculation of diluted shares (in millions):


	Three Months Ended March 31,
	2022	2023
Shares used in computation of basic earnings per share	10,171	10,250
Total dilutive effect of outstanding stock awards	—	97
Shares used in computation of diluted earnings per share	10,171	10,347

Other Income (Expense), Net

Other income (expense), net, is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Marketable equity securities valuation gains (losses)	$	(8,245)	$	(480)
Equity warrant valuation gains (losses)	(312)		59
Upward adjustments relating to equity investments in private companies	7		16
Foreign currency gains (losses)	14		70
Other, net	(34)		(108)
Total other income (expense), net	(8,570)		(443)

Summarized Financial Information of Equity Investment

Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):



	Year Ended December 31, 2021		Year Ended December 31, 2022
Revenues	$	55	$	1,658
Gross profit	(465)		(3,123)
Loss from operations	(4,220)		(6,856)
Net loss	(4,688)		(6,752)

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Fair Value by Major Security Type

The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):


	December 31, 2022		March 31, 2023
	Total Estimated Fair Value		Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Total Estimated Fair Value
Cash	$	10,666	$	10,968	$	—	$	—	$	10,968
Level 1 securities:
Money market funds	27,899		35,861		—		—		35,861
Equity securities (1)	3,709								3,231
Level 2 securities:
Foreign government and agency securities	535		28		—		(1)		27
U.S. government and agency securities	2,146		2,341		1		(124)		2,218
Corporate debt securities	22,627		10,193		—		(384)		9,809
Asset-backed securities	2,572		2,572		—		(118)		2,454
Other fixed income securities	237		237		—		(9)		228

	$	70,391	$	62,200	$	1	$	(636)	$	64,796
Less: Restricted cash, cash equivalents, and marketable securities (2)	(365)								(391)
Total cash, cash equivalents, and marketable securities	$	70,026							$	64,405

___________________

(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(8.1) billion and $(479) million in Q1 2022 and Q1 2023.

(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable fixed income securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable fixed income securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”

Investments Classified by Contractual Maturity Date

The following table summarizes the remaining contractual maturities of our cash equivalents and marketable fixed income securities as of March 31, 2023 (in millions):


	Amortized Cost		Estimated Fair Value
Due within one year	$	41,857	$	41,801
Due after one year through five years	7,130		6,675
Due after five years through ten years	594		562
Due after ten years	1,651		1,559
Total	$	51,232	$	50,597

Consolidated Statements of Cash Flow Reconciliation - Cash and Cash Equivalents

The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):


	December 31, 2022		March 31, 2023
Cash and cash equivalents	$	53,888	$	49,343
Restricted cash included in accounts receivable, net and other	358		377
Restricted cash included in other assets	7		14
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	54,253	$	49,734

Consolidated Statements of Cash Flow Reconciliation - Restricted Cash

The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):


	December 31, 2022		March 31, 2023
Cash and cash equivalents	$	53,888	$	49,343
Restricted cash included in accounts receivable, net and other	358		377
Restricted cash included in other assets	7		14
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	54,253	$	49,734

Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Lease Cost

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Operating lease cost	$	2,103	$	2,512
Finance lease cost:
Amortization of lease assets	1,560		1,546
Interest on lease liabilities	103		80
Finance lease cost	1,663		1,626

Variable lease cost	469		518
Total lease cost	$	4,235	$	4,656

Other Information about Lease Amounts Recognized

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2022		March 31, 2023
Weighted-average remaining lease term – operating leases	11.6 years		11.5 years
Weighted-average remaining lease term – finance leases	10.3 years		10.8 years
Weighted-average discount rate – operating leases	2.8	%	3.0	%
Weighted-average discount rate – finance leases	2.3	%	2.4	%

Lease Liabilities

Our lease liabilities were as follows (in millions):


	December 31, 2022
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	81,273	$	18,019	$	99,292
Less: imputed interest	(12,233)		(2,236)		(14,469)
Present value of lease liabilities	69,040		15,783		84,823
Less: current portion of lease liabilities	(7,458)		(4,397)		(11,855)
Total long-term lease liabilities	$	61,582	$	11,386	$	72,968


	March 31, 2023
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	84,468	$	16,511	$	100,979
Less: imputed interest	(13,220)		(2,064)		(15,284)
Present value of lease liabilities	71,248		14,447		85,695
Less: current portion of lease liabilities	(7,752)		(3,676)		(11,428)
Total long-term lease liabilities	$	63,496	$	10,771	$	74,267

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Principal Contractual Commitments, Excluding Open Orders for Purchases

The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of March 31, 2023 (in millions):


	Nine Months Ended December 31,		Year Ended December 31,
	2023		2024		2025		2026		2027		Thereafter		Total
Long-term debt principal and interest	$	3,882	$	10,615	$	7,203	$	5,123	$	10,399	$	63,814	$	101,036
Operating lease liabilities	7,604		9,207		8,560		7,878		7,148		44,071		84,468
Finance lease liabilities, including interest	3,073		2,230		1,425		1,284		1,101		7,398		16,511
Financing obligations, including interest (1)	349		464		457		464		471		6,712		8,917
Leases not yet commenced	1,025		2,048		2,048		2,019		2,056		17,173		26,369
Unconditional purchase obligations (2)	6,300		7,392		5,603		4,738		3,530		6,098		33,661
Other commitments (3)(4)	2,827		1,930		1,199		1,062		854		8,136		16,008
Total commitments	$	25,060	$	33,886	$	26,495	$	22,568	$	25,559	$	153,402	$	286,970

___________________

(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $266 million and $268 million are recorded within “Accrued expenses and other” and $6.7 billion and $6.6 billion are recorded within “Other long-term liabilities” as of December 31, 2022 and March 31, 2023. The weighted-average remaining term of the financing obligations was 17.9 years and 17.7 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2022 and March 31, 2023.

(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified.

(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction.

(4)Excludes approximately $4.2 billion of accrued tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.

Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt Obligations

Our total long-term debt obligations are as follows (in millions):


	Maturities (1)	Stated Interest Rates	Effective Interest Rates	December 31, 2022		March 31, 2023
2014 Notes issuance of $6.0 billion	2024 - 2044	3.80% - 4.95%	3.90% - 5.12%	4,000		4,000
2017 Notes issuance of $17.0 billion	2024 - 2057	2.80% - 5.20%	2.95% - 4.33%	16,000		15,000
2020 Notes issuance of $10.0 billion	2023 - 2060	0.40% - 2.70%	0.56% - 2.77%	10,000		10,000
2021 Notes issuance of $18.5 billion	2023 - 2061	0.25% - 3.25%	0.35% - 3.31%	18,500		18,500
April 2022 Notes issuance of $12.8 billion	2024 - 2062	2.73% - 4.10%	2.83% - 4.15%	12,750		12,750
December 2022 Notes issuance of $8.3 billion	2024 - 2032	4.55% - 4.70%	4.61% - 4.83%	8,250		8,250
Credit Facility				1,042		972

Total face value of long-term debt				70,542		69,472
Unamortized discount and issuance costs, net				(393)		(388)
Less: current portion of long-term debt				(2,999)		(2,000)
Long-term debt				$	67,150	$	67,084

___________________

(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 12.3, 14.9, 16.5, 13.1, 13.0, and 5.6 years as of March 31, 2023. The combined weighted-average remaining life of the Notes was 13.0 years as of March 31, 2023.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (SX 210.12-04(a))
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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+ Details

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stock-Based Compensation Expense

Stock-based compensation expense is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Cost of sales	$	146	$	165
Fulfillment	498		603
Technology and content	1,645		2,574
Sales and marketing	665		993
General and administrative	296		413
Total stock-based compensation expense	$	3,250	$	4,748

Restricted Stock Unit Activity

The following table summarizes our restricted stock unit activity for the three months ended March 31, 2023 (in millions):


	Number of Units	Weighted-Average Grant-Date Fair Value
Outstanding as of December 31, 2022	384.4	$	144
Units granted	13.4	99
Units vested	(15.6)	120
Units forfeited	(15.5)	144
Outstanding as of March 31, 2023	366.7	144

Scheduled Vesting for Outstanding Restricted Stock Units

Scheduled vesting for outstanding restricted stock units as of March 31, 2023, is as follows (in millions):


	Nine Months Ended December 31,	Year Ended December 31,
	2023	2024	2025	2026	2027	Thereafter	Total
Scheduled vesting — restricted stock units	124.5	133.6	67.0	37.2	2.5	1.9	366.7

Changes in Stockholders' Equity

The following table shows changes in stockholders’ equity (in millions):


	Three Months Ended March 31,
	2022		2023
Total beginning stockholders’ equity	$	138,245	$	146,043

Beginning common stock	106		108
Stock-based compensation and issuance of employee benefit plan stock	1		—
Ending common stock	107		108

Beginning treasury stock	(1,837)		(7,837)
Common stock repurchased	(2,666)		—
Ending treasury stock	(4,503)		(7,837)

Beginning additional paid-in capital	55,437		75,066
Stock-based compensation and issuance of employee benefit plan stock	3,254		4,797
Ending additional paid-in capital	58,691		79,863

Beginning accumulated other comprehensive income (loss)	(1,376)		(4,487)
Other comprehensive income (loss)	(989)		514
Ending accumulated other comprehensive income (loss)	(2,365)		(3,973)

Beginning retained earnings	85,915		83,193

Net income (loss)	(3,844)		3,172
Ending retained earnings	82,071		86,365

Total ending stockholders’ equity	$	134,001	$	154,526

Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Information on Reportable Segments and Reconciliation to Consolidated Net Income

Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
North America
Net sales	$	69,244	$	76,881
Operating expenses	70,812		75,983
Operating income (loss)	$	(1,568)	$	898

International
Net sales	$	28,759	$	29,123
Operating expenses	30,040		30,370
Operating loss	$	(1,281)	$	(1,247)

AWS
Net sales	$	18,441	$	21,354
Operating expenses	11,923		16,231
Operating income	$	6,518	$	5,123

Consolidated
Net sales	$	116,444	$	127,358
Operating expenses	112,775		122,584
Operating income	3,669		4,774
Total non-operating expense	(8,934)		(655)
Benefit (provision) for income taxes	1,422		(948)
Equity-method investment activity, net of tax	(1)		1
Net income (loss)	$	(3,844)	$	3,172

Disaggregation of Revenue

Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Net Sales:
Online stores (1)	$	51,129	$	51,096
Physical stores (2)	4,591		4,895
Third-party seller services (3)	25,335		29,820
Subscription services (4)	8,410		9,657
Advertising services (5)	7,877		9,509
AWS	18,441		21,354
Other (6)	661		1,027
Consolidated	$	116,444	$	127,358

____________________________

(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital product subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”

(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”

(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.

(4)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.

(5)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.

(6)Includes sales related to various other offerings, such as certain licensing and distribution of video content, shipping services, and health care services, and our co-branded credit card agreements.

Accounting Policies and Supplemental Disclosures - Common Stock Split (Details)	May 27, 2022 $ / shares	Mar. 31, 2023 $ / shares	Dec. 31, 2022 $ / shares
Accounting Policies [Abstract]
Stock split ratio	20
Common stock, par value (in usd per share)	$ 0.01	$ 0.01	$ 0.01

Accounting Policies and Supplemental Disclosures - Use of Estimates (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Estimated severance costs	$ 470
Impairments of property and equipment and operating leases	180	$ 190
AWS
Restructuring Cost and Reserve [Line Items]
Estimated severance costs	$ 270

Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Cash paid for interest on debt	$ 402	$ 279	$ 1,684	$ 1,101
Cash paid for operating leases	2,467	2,367	8,733	7,449
Cash paid for interest on finance leases	81	107	348	471
Cash paid for interest on financing obligations	59	58	208	178
Cash paid for income taxes, net of refunds	619	453	6,201	3,340
Assets acquired under operating leases	3,626	2,175	20,251	24,008
Property and equipment acquired under finance leases, net of remeasurements and modifications	8	166	517	5,160
Property and equipment recognized during the construction period of build-to-suit lease arrangements	131	1,365	1,953	6,324
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	$ 720	$ 33	$ 5,845	$ 263

Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Shares used in computation of basic earnings per share (in shares)	10,250	10,171
Total dilutive effect of outstanding stock awards (in shares)	97	0
Shares used in computation of diluted earnings per share (in shares)	10,347	10,171

Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	$ (480)	$ (8,245)
Equity warrant valuation gains (losses)	59	(312)
Upward adjustments relating to equity investments in private companies	16	7
Foreign currency gains (losses)	70	14
Other, net	(108)	(34)
Total other income (expense), net	(443)	(8,570)
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	(480)	(8,245)
Loss from operations	4,774	3,669
Net loss	3,172	(3,844)	$ 4,294		$ 21,413
Equity method investment, nonconsolidated investee
Accounting Policies [Abstract]
Marketable equity securities valuation gains (losses)	(467)	(7,600)
Schedule of Investments [Line Items]
Marketable equity securities valuation gains (losses)	$ (467)	$ (7,600)
Equity investment, shares held (in shares)	158		158
Equity investment, ownership percentage	17.00%		17.00%
Equity investment, voting interest	16.00%		16.00%
Equity investment, fair value	$ 2,500		$ 2,500	$ 2,900
Equity investment, discount due to lack of marketability						$ 800
Revenues				1,658		55
Gross profit				(3,123)		(465)
Loss from operations				(6,856)		(4,220)
Net loss				$ (6,752)		$ (4,688)

Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Inventory valuation allowance	$ 2.8	$ 2.8

Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 37,646	$ 42,360
Allowance for doubtful accounts	1,400	1,400
Customer receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	24,300	26,600
Vendor receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	5,000	6,900
Seller receivables, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net and other	$ 1,200	$ 1,300

Accounting Policies and Supplemental Disclosures - Video and Music Content (Details) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Digital video and music content, capitalized costs	$ 17.4		$ 16.7
Weighted average remaining life of capitalized video content	3 years 6 months
Digital video and music content, expense	$ 4.0	$ 3.5

Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Unearned revenue		$ 16.1
Unearned revenue, revenue recognized	$ 5.3
Unearned revenue, long-term	2.8	$ 2.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Accounting Policies [Abstract]
Remaining performance obligation, contracts exceeding one year	$ 122.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, weighted average remaining life	3 years 10 months 24 days

Accounting Policies and Supplemental Disclosures - Acquisition Activity (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Feb. 22, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Cash consideration		$ 3,513	$ 6,341	$ 5,488	$ 7,696
Goodwill		$ 22,749		$ 22,749		$ 20,288
1Life Healthcare
Business Acquisition [Line Items]
Cash consideration	$ 3,500
Intangible assets	1,300
Goodwill	$ 2,500

- Definition

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

+ References + Details

Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Equity Securities, FV-NI, Gain (Loss)
Equity securities, unrealized gain (loss)	$ (479)	$ (8,100)
Recurring
Schedule of Investments [Line Items]
Cash	10,968		$ 10,666
Debt Securities, Available-for-sale
Gross unrealized gains	1
Gross unrealized losses	(636)
Cash, Cash Equivalents, and Marketable Securities
Cash, cash equivalents and marketable securities	64,796		70,391
Cash, cash equivalents and marketable securities, amortized cost	62,200
Less: Restricted cash, cash equivalents, and marketable securities	(391)		(365)
Total cash, cash equivalents, and marketable securities	64,405		70,026
Recurring \| Level 1 securities
Schedule of Investments [Line Items]
Equity securities	3,231		3,709
Recurring \| Level 1 securities \| Money market funds
Schedule of Investments [Line Items]
Money market funds	35,861		27,899
Recurring \| Level 1 securities \| Money market funds \| Money market funds
Schedule of Investments [Line Items]
Money market funds	35,861
Recurring \| Level 2 securities \| Foreign government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	28
Gross unrealized gains	0
Gross unrealized losses	(1)
Fixed income securities	27		535
Recurring \| Level 2 securities \| U.S. government and agency securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	2,341
Gross unrealized gains	1
Gross unrealized losses	(124)
Fixed income securities	2,218		2,146
Recurring \| Level 2 securities \| Corporate debt securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	10,193
Gross unrealized gains	0
Gross unrealized losses	(384)
Fixed income securities	9,809		22,627
Recurring \| Level 2 securities \| Asset-backed securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	2,572
Gross unrealized gains	0
Gross unrealized losses	(118)
Fixed income securities	2,454		2,572
Recurring \| Level 2 securities \| Other fixed income securities
Debt Securities, Available-for-sale
Fixed income securities, amortized cost	237
Gross unrealized gains	0
Gross unrealized losses	(9)
Fixed income securities	$ 228		$ 237

Financial Instruments - Contractual Maturities (Details) $ in Millions	Mar. 31, 2023 USD ($)
Amortized Cost
Due within one year	$ 41,857
Due after one year through five years	7,130
Due after five years through ten years	594
Due after ten years	1,651
Amortized cost	51,232
Estimated Fair Value
Due within one year	41,801
Due after one year through five years	6,675
Due after five years through ten years	562
Due after ten years	1,559
Estimated fair value	$ 50,597

Financial Instruments - Equity Warrants and Non-Marketable Equity Investments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Equity investments without readily determinable fair values	$ 707	$ 715
Warrant \| Level 2 assets
Derivative [Line Items]
Fair value of warrant assets	$ 2,000	$ 2,100

Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Cash and cash equivalents	$ 49,343	$ 53,888
Restricted cash included in accounts receivable, net and other	377	358
Restricted cash included in other assets	14	7
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 49,734	$ 54,253	$ 36,599	$ 36,477	$ 34,155

Leases - Additional Information (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Gross assets acquired under finance leases, location	Property and equipment, net	Property and equipment, net
Gross assets acquired under finance leases	$ 66.5	$ 68.0
Accumulated amortization associated with finance leases	$ 45.2	$ 45.2

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating lease cost	$ 2,512	$ 2,103
Finance lease cost:
Amortization of lease assets	1,546	1,560
Interest on lease liabilities	80	103
Finance lease cost	1,626	1,663
Variable lease cost	518	469
Total lease cost	$ 4,656	$ 4,235

Leases - Other Operating and Finance Lease Information (Details)	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term – operating leases	11 years 6 months	11 years 7 months 6 days
Weighted-average remaining lease term – finance leases	10 years 9 months 18 days	10 years 3 months 18 days
Weighted-average discount rate – operating leases	3.00%	2.80%
Weighted-average discount rate – finance leases	2.40%	2.30%

Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Total operating lease liabilities	$ 84,468	$ 81,273
Total finance lease liabilities	16,511	18,019
Gross lease liabilities	100,979	99,292
Imputed interest - operating leases	(13,220)	(12,233)
Imputed interest - finance leases	(2,064)	(2,236)
Imputed interest	(15,284)	(14,469)
Present value of operating leases	71,248	69,040
Present value of finance leases	14,447	15,783
Present value of lease liabilities	$ 85,695	$ 84,823
Operating lease liability, current, location	Accrued expenses and other	Accrued expenses and other
Finance lease liability, current location	Accrued expenses and other	Accrued expenses and other
Current portion of operating lease liabilities	$ (7,752)	$ (7,458)
Current portion of finance lease liabilities	(3,676)	(4,397)
Current portion of lease liabilities	$ (11,428)	$ (11,855)
Operating lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Finance lease liability, long-term, location	Total long-term lease liabilities	Total long-term lease liabilities
Total long-term operating lease liabilities	$ 63,496	$ 61,582
Total long-term finance lease liabilities	10,771	11,386
Total long-term lease liabilities	$ 74,267	$ 72,968

Commitments and Contingencies - Commitments (Details) - USD ($) $ in Millions			1 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Aug. 31, 2022
Long-term debt principal and interest
2023	$ 3,882
2024	10,615
2025	7,203
2026	5,123
2027	10,399
Thereafter	63,814
Total	101,036
Operating lease liabilities
2023	7,604
2024	9,207
2025	8,560
2026	7,878
2027	7,148
Thereafter	44,071
Total operating lease liabilities	84,468	$ 81,273
Finance lease liabilities, including interest
2023	3,073
2024	2,230
2025	1,425
2026	1,284
2027	1,101
Thereafter	7,398
Total finance lease liabilities	16,511	18,019
Financing obligations, including interest
2023	349
2024	464
2025	457
2026	464
2027	471
Thereafter	6,712
Total	8,917
Leases not yet commenced
2023	1,025
2024	2,048
2025	2,048
2026	2,019
2027	2,056
Thereafter	17,173
Total	26,369
Unconditional purchase obligations
2023	6,300
2024	7,392
2025	5,603
2026	4,738
2027	3,530
Thereafter	6,098
Total	33,661
Other commitments
2023	2,827
2024	1,930
2025	1,199
2026	1,062
2027	854
Thereafter	8,136
Total	16,008
Total commitments
2023	25,060
2024	33,886
2025	26,495
2026	22,568
2027	25,559
Thereafter	153,402
Total	286,970
Financing obligations, current	268	266
Financing obligations, noncurrent	$ 6,600	$ 6,700
Financing obligations, weighted-average remaining term	17 years 8 months 12 days	17 years 10 months 24 days
Financing obligations, weighted-average imputed interest rate	3.10%	3.10%
Accrued tax contingencies	$ 4,200	$ 4,000
iRobot Corporation
Business Acquisition [Line Items]
Acquisition price			$ 1,700

Commitments and Contingencies - Legal Proceedings (Details) € in Millions, $ in Millions	1 Months Ended
	Dec. 31, 2021 EUR (€)	Mar. 31, 2023 USD ($)
Rensselaer Polytechnic Institute and CF Dynamic Advances LLC Matter \| Minimum
Loss Contingencies [Line Items]
Estimate of possible loss		$ 140
Rensselaer Polytechnic Institute and CF Dynamic Advances LLC Matter \| Maximum
Loss Contingencies [Line Items]
Estimate of possible loss		$ 267
Italian Competition Authority Matter
Loss Contingencies [Line Items]
Fine imposed \| €	€ 1,130

Debt - Additional Information (Details)	1 Months Ended	3 Months Ended
Debt - Additional Information (Details)	Jan. 31, 2023 USD ($)	Mar. 31, 2023 USD ($) extension	Mar. 31, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Total face value of long-term debt		$ 69,472,000,000		$ 70,542,000,000
Short-term debt		1,100,000,000		$ 1,200,000,000
Term Loan \| Loans Payable
Debt Instrument [Line Items]
Issuance amount	$ 8,000,000,000
Debt term	364 days
Short-term debt		$ 8,000,000,000
Weighted average effective interest rate		5.70%	5.70%
Term Loan \| Secured Overnight Financing Rate \| Loans Payable
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.75%
Term Loan \| Secured Overnight Financing Rate \| Loans Payable \| Interest Rate Scenario One
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.05%
Commercial Paper
Debt Instrument [Line Items]
Debt term		397 days
Weighted average effective interest rate		4.70%	4.70%	4.50%
Commercial paper, maximum borrowing capacity		$ 20,000,000,000	€ 3,000,000,000
Commercial paper		$ 7,800,000,000		$ 6,800,000,000
Short Term Credit Agreement \| Credit Facility
Debt Instrument [Line Items]
Debt term		364 days
Short-term debt		$ 0		0
Revolving credit facility maximum borrowing capacity		$ 10,000,000,000
Commitment fee percentage		0.05%
Number of term extensions \| extension		1
Additional term		364 days
Short Term Credit Agreement \| Secured Overnight Financing Rate \| Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.45%
Senior Notes
Debt Instrument [Line Items]
Total face value of long-term debt		$ 68,500,000,000
Estimated fair value of notes		62,400,000,000		61,400,000,000
Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Total face value of long-term debt		972,000,000		1,042,000,000
Credit Facility \| Revolving Credit Facility \| October 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 1,500,000,000
Commitment fee percentage		0.45%
Borrowings outstanding		$ 972,000,000		$ 1,000,000,000
Weighted average interest rate		6.10%	6.10%	5.60%
Collateral amount		$ 1,100,000,000		$ 1,200,000,000
Credit Facility \| Revolving Credit Facility \| October 2016 Revolving Credit Facility \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.25%
Credit Facility \| Revolving Credit Facility \| April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 10,000,000,000
Commitment fee percentage		0.03%
Borrowings outstanding		$ 0		$ 0
Number of term extensions \| extension		3
Additional term		1 year
Credit Facility \| Revolving Credit Facility \| April 2018 Revolving Credit Facility \| Applicable benchmark rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.45%
Credit Facility \| Letter of Credit \| April 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Unused letters of credit		$ 8,500,000,000

Debt - Long-Term Debt Obligations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Face value of long-term debt	$ 69,472	$ 70,542
Less: current portion of long-term debt	(2,000)	(2,999)
Long-term debt	67,084	67,150
Senior Notes
Debt Instrument [Line Items]
Face value of long-term debt	68,500
Unamortized discount and issuance costs, net	$ (388)	(393)
Weighted average remaining lives term	13 years
Senior Notes \| 2014 Notes issuance of $6.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 6,000
Face value of long-term debt	$ 4,000	4,000
Weighted average remaining lives term	12 years 3 months 18 days
Senior Notes \| 2014 Notes issuance of $6.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	3.80%
Effective Interest Rates	3.90%
Senior Notes \| 2014 Notes issuance of $6.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.95%
Effective Interest Rates	5.12%
Senior Notes \| 2017 Notes issuance of $17.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 17,000
Face value of long-term debt	$ 15,000	16,000
Weighted average remaining lives term	14 years 10 months 24 days
Senior Notes \| 2017 Notes issuance of $17.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	2.80%
Effective Interest Rates	2.95%
Senior Notes \| 2017 Notes issuance of $17.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	5.20%
Effective Interest Rates	4.33%
Senior Notes \| 2020 Notes issuance of $10.0 billion
Debt Instrument [Line Items]
Issuance amount	$ 10,000
Face value of long-term debt	$ 10,000	10,000
Weighted average remaining lives term	16 years 6 months
Senior Notes \| 2020 Notes issuance of $10.0 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	0.40%
Effective Interest Rates	0.56%
Senior Notes \| 2020 Notes issuance of $10.0 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	2.70%
Effective Interest Rates	2.77%
Senior Notes \| 2021 Notes issuance of $18.5 billion
Debt Instrument [Line Items]
Issuance amount	$ 18,500
Face value of long-term debt	$ 18,500	18,500
Weighted average remaining lives term	13 years 1 month 6 days
Senior Notes \| 2021 Notes issuance of $18.5 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	0.25%
Effective Interest Rates	0.35%
Senior Notes \| 2021 Notes issuance of $18.5 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	3.25%
Effective Interest Rates	3.31%
Senior Notes \| April 2022 Notes issuance of $12.8 billion
Debt Instrument [Line Items]
Issuance amount	$ 12,800
Face value of long-term debt	$ 12,750	12,750
Weighted average remaining lives term	13 years
Senior Notes \| April 2022 Notes issuance of $12.8 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	2.73%
Effective Interest Rates	2.83%
Senior Notes \| April 2022 Notes issuance of $12.8 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.10%
Effective Interest Rates	4.15%
Senior Notes \| December 2022 Notes issuance of $8.3 billion
Debt Instrument [Line Items]
Issuance amount	$ 8,300
Face value of long-term debt	$ 8,250	8,250
Weighted average remaining lives term	5 years 7 months 6 days
Senior Notes \| December 2022 Notes issuance of $8.3 billion \| Minimum
Debt Instrument [Line Items]
Stated Interest Rates	4.55%
Effective Interest Rates	4.61%
Senior Notes \| December 2022 Notes issuance of $8.3 billion \| Maximum
Debt Instrument [Line Items]
Stated Interest Rates	4.70%
Effective Interest Rates	4.83%
Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Face value of long-term debt	$ 972	$ 1,042

Stockholders' Equity - Additional Information (Details) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Feb. 29, 2016
Class of Stock [Line Items]
Stock repurchases (in shares)	0.0	18.6
Stock repurchases		$ 2,700,000,000
Stock repurchase, remaining authorized amount	$ 6,100,000,000
Common shares outstanding plus underlying outstanding stock awards (in shares)	10,600.0		10,600.0
Net unrecognized compensation cost related to unvested stock-based compensation arrangements	$ 19,900,000,000
Compensation expense expected to be expensed in next twelve months expected to exceed, percentage	50.00%
Net unrecognized compensation cost related to unvested stock-based compensation arrangements, weighted average recognition period (in years)	1 year
Estimated forfeiture rate	26.50%		26.50%
February 2016 Program
Class of Stock [Line Items]
Stock repurchase, authorized amount				$ 5,000,000,000
March 2022 Program
Class of Stock [Line Items]
Stock repurchase, authorized amount		$ 10,000,000,000

Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 4,748	$ 3,250
Cost of sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	165	146
Fulfillment
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	603	498
Technology and content
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	2,574	1,645
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	993	665
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 413	$ 296

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units shares in Millions	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Number of Units
Beginning balance (in shares) \| shares	384.4
Units granted (in shares) \| shares	13.4
Units vested (in shares) \| shares	(15.6)
Units forfeited (in shares) \| shares	(15.5)
Ending balance (in shares) \| shares	366.7
Weighted-Average Grant-Date Fair Value
Beginning balance (in usd per share) \| $ / shares	$ 144
Units granted (in usd per share) \| $ / shares	99
Units vested (in usd per share) \| $ / shares	120
Units forfeited (in usd per share) \| $ / shares	144
Ending balance (in usd per share) \| $ / shares	$ 144

Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares shares in Millions	Mar. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2023 (in shares)	124.5
2024 (in shares)	133.6
2025 (in shares)	67.0
2026 (in shares)	37.2
2027 (in shares)	2.5
Thereafter (in shares)	1.9
Total (in shares)	366.7	384.4

Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Changes in Stockholders' Equity
Beginning balance	$ 146,043	$ 138,245	$ 134,001	$ 138,245
Common stock repurchased		(2,700)
Other comprehensive income (loss)	514	(989)
Net income (loss)	3,172	(3,844)	4,294		$ 21,413
Ending balance	154,526	134,001	154,526	146,043	134,001
Common stock
Changes in Stockholders' Equity
Beginning balance	108	106	107	106
Stock-based compensation and issuance of employee benefit plan stock	0	1
Ending balance	108	107	108	108	107
Treasury stock
Changes in Stockholders' Equity
Beginning balance	(7,837)	(1,837)	(4,503)	(1,837)
Common stock repurchased	0	(2,666)
Ending balance	(7,837)	(4,503)	(7,837)	(7,837)	(4,503)
Additional paid-in capital
Changes in Stockholders' Equity
Beginning balance	75,066	55,437	58,691	55,437
Stock-based compensation and issuance of employee benefit plan stock	4,797	3,254
Ending balance	79,863	58,691	79,863	75,066	58,691
Accumulated other comprehensive income (loss)
Changes in Stockholders' Equity
Beginning balance	(4,487)	(1,376)	(2,365)	(1,376)
Other comprehensive income (loss)	514	(989)
Ending balance	(3,973)	(2,365)	(3,973)	(4,487)	(2,365)
Retained earnings
Changes in Stockholders' Equity
Beginning balance	83,193	85,915	82,071	85,915
Net income (loss)	3,172	(3,844)
Ending balance	$ 86,365	$ 82,071	$ 86,365	$ 83,193	$ 82,071

Income Taxes (Details) € in Millions, $ in Millions		3 Months Ended		12 Months Ended
Income Taxes (Details) € in Millions, $ in Millions	Oct. 04, 2017 EUR (€)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes		$ 948	$ (1,422)
Discrete tax expense (benefit)		48	(2,100)
Cash paid for income taxes, net of refunds		619	$ 453	$ 6,201	$ 3,340
Tax contingencies		$ 4,200		$ 4,200		$ 4,000
Luxembourg Tax Administration \| Foreign Tax Authority
Income Tax Examination [Line Items]
Tax examination, estimate of additional tax expense \| €	€ 250

- Definition

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

+ References + Details

Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	3
Segment Reporting Disclosure [Line Items]
Net sales	$ 127,358	$ 116,444
Operating expenses	122,584	112,775
Operating income	4,774	3,669
Total non-operating expense	(655)	(8,934)
Benefit (provision) for income taxes	(948)	1,422
Equity-method investment activity, net of tax	1	(1)
Net income (loss)	3,172	(3,844)	$ 4,294	$ 21,413
North America
Segment Reporting Disclosure [Line Items]
Net sales	76,881	69,244
Operating expenses	75,983	70,812
Operating income	898	(1,568)
International
Segment Reporting Disclosure [Line Items]
Net sales	29,123	28,759
Operating expenses	30,370	30,040
Operating income	(1,247)	(1,281)
AWS
Segment Reporting Disclosure [Line Items]
Net sales	21,354	18,441
Operating expenses	16,231	11,923
Operating income	$ 5,123	$ 6,518

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 127,358	$ 116,444
Online stores
Disaggregation of Revenue [Line Items]
Total net sales	51,096	51,129
Physical stores
Disaggregation of Revenue [Line Items]
Total net sales	4,895	4,591
Third-party seller services
Disaggregation of Revenue [Line Items]
Total net sales	29,820	25,335
Subscription services
Disaggregation of Revenue [Line Items]
Total net sales	9,657	8,410
Advertising services
Disaggregation of Revenue [Line Items]
Total net sales	9,509	7,877
AWS
Disaggregation of Revenue [Line Items]
Total net sales	21,354	18,441
Other
Disaggregation of Revenue [Line Items]
Total net sales	$ 1,027	$ 661

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 32
-Subparagraph (b)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-Subparagraph (a)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details