CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents		$ 697	$ 662
Accounts receivable, net of allowance for doubtful accounts of $6 and $4, respectively		637	616
Income taxes receivable		5	8
Prepaid expenses and other current assets		146	189
Total current assets		1,485	1,475
Property and equipment, net		705	715
Operating lease assets		123	142
Goodwill		2,082	2,082
Indefinite-lived intangible assets		150	150
Definite-lived intangible assets, net		630	779
Other assets		710	742
Total assets	[1]	5,885	6,085
Current Liabilities:
Accounts payable and accrued liabilities		416	913
Current portion of notes payable, finance leases, and commercial bank financing		38	36
Current portion of operating lease liabilities		22	21
Current portion of program contracts payable		69	76
Other current liabilities		60	57
Total current liabilities		605	1,103
Notes payable, finance leases, and commercial bank financing, less current portion		4,091	4,139
Operating lease liabilities, less current portion		130	152
Program contracts payable, less current portion		13	14
Deferred tax liabilities		335	252
Other long-term liabilities		195	204
Total liabilities	[1]	5,369	5,864
Commitments and contingencies (See Note 12)
Shareholders’ equity:
Additional Paid in Capital, Common Stock		570	517
Retained earnings (accumulated deficit)		10	(234)
Accumulated other comprehensive income		2	1
Total Sinclair shareholders’ equity		583	285
Noncontrolling interests		(67)	(64)
Total equity (deficit)		516	221
Total liabilities and equity		5,885	6,085
Class A Common Stock
Shareholders’ equity:
Common Stock		1	1
Class B Common Stock
Shareholders’ equity:
Common Stock		0	0
Customer relationships, net
Current Assets:
Definite-lived intangible assets, net		302	369
Other definite-lived intangible assets, net
Current Assets:
Definite-lived intangible assets, net		$ 328	$ 410

[1] Our consolidated total assets as of December 31, 2024 and 2023 include total assets of Variable Interest Entities (“VIEs”) of $70 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2024 and 2023 include total liabilities of the VIEs of $16 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 13. Variable Interest Entities.