CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents		$ 662	$ 884
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively		616	612
Income taxes receivable		8	5
Prepaid expenses and other current assets		189	182
Total current assets		1,475	1,683
Property and equipment, net		715	728
Operating lease, right-of-use asset		142	145
Goodwill		2,082	2,088
Indefinite-lived intangible assets		150	150
Definite-lived intangible assets, net		779	946
Other assets		742	964
Total assets	[1]	6,085	6,704
Current Liabilities:
Accounts payable and accrued liabilities		913	397
Current portion of notes payable, finance leases, and commercial bank financing		36	38
Lease liabilities, current		21	23
Current portion of program contracts payable		76	83
Other current liabilities		57	67
Total current liabilities		1,103	608
Notes payable, finance leases, and commercial bank financing, less current portion		4,139	4,227
Lease liabilities, non-current		152	154
Program contracts payable, less current portion		14	10
Deferred tax liabilities		252	610
Other long-term liabilities		204	220
Total liabilities	[1]	5,864	5,829
Commitments and contingencies (See Note 13)
Redeemable noncontrolling interests		0	194
Old Sinclair shareholders' equity:
Additional paid-in capital		517	624
(Accumulated deficit) retained earnings		(234)	122
Accumulated other comprehensive income		1	1
Total Sinclair shareholders’ equity		285	748
Noncontrolling interests in consolidated subsidiaries		(64)	(67)
Total equity		221	681
Total liabilities, redeemable noncontrolling interests, and equity		6,085	6,704
Class A Common Stock
Old Sinclair shareholders' equity:
Common Stock		1	1
Class B Common Stock
Old Sinclair shareholders' equity:
Common Stock		0	0
Customer relationships
Current Assets:
Definite-lived intangible assets, net		369	444
Other definite-lived intangible assets, net
Current Assets:
Definite-lived intangible assets, net		410	502
Sinclair Broadcast Group, LLC
Current Assets:
Cash and cash equivalents		319	884
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively		568	612
Income taxes receivable		7	5
Prepaid expenses and other current assets		139	182
Total current assets		1,033	1,683
Property and equipment, net		692	728
Operating lease, right-of-use asset		142	145
Goodwill		2,016	2,088
Indefinite-lived intangible assets		123	150
Definite-lived intangible assets, net		647	946
Other assets		184	964
Total assets	[2]	4,837	6,704
Current Liabilities:
Accounts payable and accrued liabilities		851	397
Current portion of notes payable, finance leases, and commercial bank financing		36	38
Lease liabilities, current		21	23
Current portion of program contracts payable		76	83
Other current liabilities		50	67
Total current liabilities		1,034	608
Notes payable, finance leases, and commercial bank financing, less current portion		4,124	4,227
Lease liabilities, non-current		152	154
Program contracts payable, less current portion		14	10
Deferred tax liabilities		283	610
Other long-term liabilities		158	220
Total liabilities	[2]	5,765	5,829
Commitments and contingencies (See Note 13)
Redeemable noncontrolling interests		0	194
Old Sinclair shareholders' equity:
Additional paid-in capital			624
(Accumulated deficit) retained earnings		(865)	122
Accumulated other comprehensive income		1	1
Total Sinclair shareholders’ equity		(864)	748
Noncontrolling interests in consolidated subsidiaries		(64)	(67)
Total equity		(928)	681
Total liabilities, redeemable noncontrolling interests, and equity		4,837	6,704
Sinclair Broadcast Group, LLC | Class A Common Stock
Old Sinclair shareholders' equity:
Common Stock			1
Sinclair Broadcast Group, LLC | Class B Common Stock
Old Sinclair shareholders' equity:
Common Stock			0
Sinclair Broadcast Group, LLC | Customer relationships
Current Assets:
Definite-lived intangible assets, net		238	444
Sinclair Broadcast Group, LLC | Other definite-lived intangible assets, net
Current Assets:
Definite-lived intangible assets, net		$ 409	$ 502

[1] Our consolidated total assets as of December 31, 2023 and 2022 include total assets of Variable Interest Entities ("VIEs") of $85 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2023 and 2022 include total liabilities of the VIEs of $17 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 14. Variable Interest Entities.

[2] Our consolidated total assets as of December 31, 2023 and 2022 include total assets of VIEs of $85 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2023 and 2022 include total liabilities of the VIEs of $17 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 13. Variable Interest Entities.