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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Lessee, Lease, Description [Line Items]  
Schedule of Components of Lease Expense
The following table presents lease expense we have recorded in our consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Finance lease expense:
Amortization of finance lease asset$4 $4 $3 
Interest on lease liabilities3 2 3 
Total finance lease expense7 6 6 
Operating lease expense (a)37 38 41 
Total lease expense$44 $44 $47 
(a)Includes variable lease expense of $6 million for each of the years ended December 31, 2024 and 2023 and $7 million for the year ended December 31, 2022.
The following table presents other information related to leases for the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$33 $33 $35 
Operating cash flows from finance leases$3 $2 $3 
Financing cash flows from finance leases$7 $7 $6 
Leased assets obtained in exchange for new operating lease liabilities$5 $25 $15 
Leased assets obtained in exchange for new finance lease liabilities$22 $— $1 
Schedule of Maturity of Finance Leases
The following table summarizes our outstanding operating and finance lease obligations as of December 31, 2024 (in millions):
Operating LeasesFinance LeasesTotal
2025$31 $11 $42 
202629 11 40 
202728 8 36 
202824 6 30 
202918 6 24 
2030 and thereafter59 10 69 
Total undiscounted obligations189 52 241 
Less imputed interest(37)(10)(47)
Present value of lease obligations$152 $42 $194 
Schedule of Maturity of Operating Leases
The following table summarizes our outstanding operating and finance lease obligations as of December 31, 2024 (in millions):
Operating LeasesFinance LeasesTotal
2025$31 $11 $42 
202629 11 40 
202728 8 36 
202824 6 30 
202918 6 24 
2030 and thereafter59 10 69 
Total undiscounted obligations189 52 241 
Less imputed interest(37)(10)(47)
Present value of lease obligations$152 $42 $194 
Schedule of Supplemental Balance Sheet Information
The following table summarizes supplemental balance sheet information related to leases as of December 31, 2024 and December 31, 2023 (in millions, except lease term and discount rate):
20242023
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Lease assets, non-current$123 $30 (a)$142 $12 (a)
Lease liabilities, current$22 $8 $21 $6 
Lease liabilities, non-current130 34 152 21 
Total lease liabilities$152 $42 $173 $27 
Weighted average remaining lease term (in years)7.145.627.855.26
Weighted average discount rate6.3 %8.0 %6.2 %7.9 %
(a)Finance lease assets are reflected in property and equipment, net in our consolidated balance sheets.
Sinclair Broadcast Group, LLC  
Lessee, Lease, Description [Line Items]  
Schedule of Components of Lease Expense
The following table presents lease expense SBG has recorded in SBG’s consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Finance lease expense:
Amortization of finance lease asset$4 $4 $3 
Interest on lease liabilities3 2 3 
Total finance lease expense7 6 6 
Operating lease expense (a)36 38 41 
Total lease expense$43 $44 $47 
(a)Includes variable lease expense of $6 million for each of the years ended December 31, 2024 and 2023 and $7 million for the year ended December 31, 2022.
The following table presents other information related to SBG’s leases for the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$32 $33 $35 
Operating cash flows from finance leases$3 $2 $3 
Financing cash flows from finance leases$7 $7 $6 
Leased assets obtained in exchange for new operating lease liabilities$5 $25 $15 
Leased assets obtained in exchange for new finance lease liabilities$22 $— $1 
Schedule of Maturity of Finance Leases
The following table summarizes SBG’s outstanding operating and finance lease obligations as of December 31, 2024 (in millions):
Operating LeasesFinance LeasesTotal
2025$31 $11 $42 
202629 11 40 
202728 8 36 
202824 6 30 
202918 6 24 
2030 and thereafter59 10 69 
Total undiscounted obligations189 52 241 
Less imputed interest(37)(10)(47)
Present value of lease obligations$152 $42 $194 
Schedule of Maturity of Operating Leases
The following table summarizes SBG’s outstanding operating and finance lease obligations as of December 31, 2024 (in millions):
Operating LeasesFinance LeasesTotal
2025$31 $11 $42 
202629 11 40 
202728 8 36 
202824 6 30 
202918 6 24 
2030 and thereafter59 10 69 
Total undiscounted obligations189 52 241 
Less imputed interest(37)(10)(47)
Present value of lease obligations$152 $42 $194 
Schedule of Supplemental Balance Sheet Information
The following table summarizes supplemental balance sheet information related to leases as of December 31, 2024 and December 31, 2023 (in millions, except lease term and discount rate):
20242023
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Lease assets, non-current$123 $30 (a)$142 $12 (a)
Lease liabilities, current$22 $8 $21 $6 
Lease liabilities, non-current130 34 152 21 
Total lease liabilities$152 $42 $173 $27 
Weighted average remaining lease term (in years)7.155.627.855.26
Weighted average discount rate6.3 %8.0 %6.2 %7.9 %
(a)Finance lease assets are reflected in property and equipment, net in SBG’s consolidated balance sheets.