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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Cash $ 322 $ 773
Accounts receivable, less allowance for credit losses of $11 and $10, respectively 440 425
Program broadcast rights, net 32 24
Income tax refund receivable 21 21
Prepaid income taxes 28 0
Prepaid and other current assets 29 61
Total current assets 872 1,304
Property and equipment, net 908 737
Operating leases right of use asset 56 57
Broadcast licenses 3,784 3,579
Goodwill 1,633 1,460
Other intangible assets, net 407 395
Investments in broadcasting, production and technology companies 105 72
Other 14 39
Total assets 7,779 7,643
Liabilities and stockholders’ equity:    
Accounts payable 34 10
Employee compensation and benefits 70 53
Accrued interest 50 37
Accrued network programming fees 35 39
Other accrued expenses 26 29
Federal and state income taxes 0 20
Program broadcast obligations 33 25
Deferred revenue 11 22
Dividends payable 13 13
Operating lease liabilities 8 7
Total current liabilities 280 255
Long-term debt, less deferred financing costs 3,981 3,974
Program broadcast obligations 3 5
Deferred income taxes 994 885
Accrued pension costs 39 43
Operating lease liabilities 51 51
Other 19 27
Total liabilities 5,367 5,240
Commitments and contingencies (Note 10)
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 1,124 1,110
Retained earnings 861 862
Accumulated other comprehensive loss, net of income tax benefit (39) (39)
Stockholders' equity before treasury stock 1,983 1,967
Treasury stock at cost (193) (188)
Total stockholders’ equity 1,762 1,753
Total liabilities and stockholders’ equity 7,779 7,643
Common Class A [Member]    
Stockholders’ equity:    
Common stock 37 34
Treasury stock at cost $ (28) $ (26)