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OTHER ASSETS
 9 Months Ended
Sep. 30, 2024
Schedule of Equity Method Investments [Line Items]  
OTHER ASSETS OTHER ASSETS:
Other assets as of September 30, 2024 and December 31, 2023 consisted of the following (in millions):

 As of September 30,
2024		As of December 31,
2023
Equity method investments$82 $128 
Other investments349 387 
Income tax receivable143 131 
Post-retirement plan assets47 45 
Other71 51 
Total other assets$692 $742 

Equity Method Investments

We have a portfolio of investments, including our investment in Diamond Sports Intermediate Holdings LLC ("DSIH"), and also a number of entities that are primarily focused on the development of real estate and other media and non-media businesses. During the nine months ended September 30, 2024, we sold one of our other media investments which had a book value of $37 million as of December 31, 2023 for proceeds of $130 million and recognized a gain of $93 million. No investments were individually significant for the periods presented.

Diamond Sports Intermediate Holdings LLC. We account for our equity interest in DSIH under the equity method of accounting. For the three and nine months ended September 30, 2024 and 2023, we recorded no equity method loss related to the investment because the carrying value of the investment is zero and we are not obligated to fund losses incurred by DSIH.

Other Investments

We measure our investments, excluding equity method investments, at fair value or, in situations where fair value is not readily determinable, we have the option to value investments at cost plus observable changes in value, less impairment. Additionally, certain investments are measured at net asset value ("NAV").

As of September 30, 2024 and December 31, 2023, we held $214 million and $162 million, respectively, in investments measured at fair value. As of September 30, 2024 and December 31, 2023, we held $104 million and $189 million, respectively, in investments measured at NAV. We recognized a fair value adjustment gain of $15 million and a loss of $28 million for the three and nine months ended September 30, 2024, respectively, and fair value adjustment losses of $26 million and $74 million for the three and nine months ended September 30, 2023, respectively, associated with these investments, which are reflected in other income (expense), net in our consolidated statements of operations. As of September 30, 2024 and December 31, 2023, our unfunded commitments related to our investments valued using the NAV practical expedient totaled $61 million and $74 million, respectively.

Investments accounted for utilizing the measurement alternative were $31 million and $36 million as of September 30, 2024 and December 31, 2023, respectively. We recorded a $2 million impairment related to one investment for the nine months ended September 30, 2024 and a $6 million impairment related to one investment for the nine months ended September 30, 2023, which are reflected in other income (expense), net in our consolidated statements of operations.

Note Receivable

We were party to an Accounts Receivable Securitization Facility ("A/R Facility"), held by Diamond Sports Finance SPV, LLC ("DSPV"), an indirect wholly-owned subsidiary of DSIH. On May 10, 2023, DSPV paid the Company approximately $199 million, representing the aggregate outstanding principal amount of the loans under the A/R Facility, accrued interest, and outstanding fees and expenses. The A/R Facility was terminated on March 14, 2024.
Sinclair Broadcast Group, LLC  
Schedule of Equity Method Investments [Line Items]  
OTHER ASSETS OTHER ASSETS:
Other assets as of September 30, 2024 and December 31, 2023 consisted of the following (in millions):

 As of September 30,
2024		As of December 31,
2023
Equity method investments$2 $1 
Other investments4 — 
Income tax receivable143 131 
Other52 52 
Total other assets$201 $184 

Equity Method Investments

Prior to the Reorganization, SBG had a portfolio of investments, including a number of entities that are primarily focused on the development of real estate and other media and non-media businesses. SBG has an investment in Diamond Sports Intermediate Holdings LLC ("DSIH").

Diamond Sports Intermediate Holdings LLC. SBG's equity interest in DSIH is accounted for under the equity method of accounting. For the three and nine months ended September 30, 2024 and 2023, SBG recorded no equity method loss related to the investment because the carrying value of the investment is zero and SBG is not obligated to fund losses incurred by DSIH.

Other Investments

SBG's investments, excluding equity method investments, were accounted for at fair value or, in situations where fair value is not readily determinable, SBG had the option to value investments at cost plus observable changes in value, less impairment. Additionally, certain investments were measured at net asset value ("NAV").

All of the investments measured at fair value and NAV were transferred to Ventures as part of the Reorganization. SBG recognized a fair value adjustment loss of $73 million for the nine months ended September 30, 2023 associated with these investments, which is reflected in other income (expense), net in SBG's consolidated statements of operations.

Investments accounted for utilizing the measurement alternative were $4 million as of September 30, 2024. SBG recorded a $6 million impairment related to one investment for the nine months ended September 30, 2023, which is reflected in other income (expense), net in SBG's consolidated statements of operations.