PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

Property and equipment

Schedule of Estimated Useful Lives

Depreciation is generally computed under the straight-line method over the following estimated useful lives:

 

Buildings and improvements	10 - 30 years
Operating equipment	5 - 10 years
Office furniture and equipment	5 - 10 years
Leasehold improvements	Lesser of 10 - 30 years or lease term
Automotive equipment	3 - 5 years
Property and equipment under finance leases	Lease term

Schedule of Property and Equipment Stated at Cost Less Accumulated Depreciation

Property and equipment consisted of the following as of December 31, 2024 and 2023 (in millions):

	2024		2023
Land and improvements	$	73	$	72
Real estate held for development and sale	16		19
Buildings and improvements	308		309
Operating equipment	904		879
Office furniture and equipment	165		149
Leasehold improvements	49		47
Automotive equipment	63		64
Finance lease assets	70		61
Construction in progress	69		90
	1,717		1,690
Less: accumulated depreciation	(1,012)		(975)
	$	705	$	715

Sinclair Broadcast Group, LLC

Property and equipment

Schedule of Estimated Useful Lives

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is generally computed under the straight-line method over the following estimated useful lives:

Buildings and improvements	10 - 30 years
Operating equipment	5 - 10 years
Office furniture and equipment	5 - 10 years
Leasehold improvements	Lesser of 10 - 30 years or lease term
Automotive equipment	3 - 5 years
Property and equipment under finance leases	Lease term

Schedule of Property and Equipment Stated at Cost Less Accumulated Depreciation

Property and equipment consisted of the following as of December 31, 2024 and 2023 (in millions):

	2024		2023
Land and improvements	$	72	$	71
Buildings and improvements	305		287
Operating equipment	923		894
Office furniture and equipment	155		142
Leasehold improvements	48		45
Automotive equipment	64		64
Finance lease assets	69		61
Construction in progress	70		93
	1,706		1,657
Less: accumulated depreciation	(1,014)		(965)
	$	692	$	692