Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash	$ 773	$ 212
Accounts receivable, less allowance for credit losses of $10 and $11, respectively	425	411
Current portion of program broadcast rights, net	24	25
Income tax refunds receivable	21	0
Prepaid and other current assets	61	24
Total current assets	1,304	672
Property and equipment, net	737	725
Operating lease right of use asset	57	50
Broadcast licenses	3,579	3,573
Goodwill	1,460	1,446
Other intangible assets, net	395	460
Investments in broadcasting and technology companies	72	17
Other	39	29
Total assets	7,643	6,972
Liabilities and stockholders’ equity:
Accounts payable	10	11
Employee compensation and benefits	53	67
Accrued interest	37	37
Accrued network programming fees	39	30
Other accrued expenses	29	32
Federal and state income taxes	20	13
Current portion of program broadcast obligations	25	28
Deferred revenue	22	9
Dividends payable	13	13
Current portion of operating lease liabilities	7	6
Total current liabilities	255	246
Long-term debt, less deferred financing costs	3,974	3,697
Program broadcast obligations, less current portion	5	7
Deferred income taxes	885	810
Accrued pension costs	43	38
Operating lease liabilities, less current portion	51	45
Other	27	15
Total liabilities	5,240	4,858
Commitments and contingencies (Note 12)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date and $650 aggregate liquidation value, at each date	650	650
Stockholders’ equity:
Common stock	1,110	1,093
Retained earnings	862	504
Accumulated other comprehensive loss	(39)	(31)
Stockholders' equity before treasury stock	1,967	1,597
Treasury stock at cost	(188)	(107)
Total stockholders’ equity	1,753	1,464
Total liabilities and stockholders’ equity	7,643	6,972
Common Class A [Member]
Stockholders’ equity:
Common stock	34	31
Treasury stock at cost	$ (26)	$ (26)