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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash $ 144 $ 189
Accounts receivable, less allowance for credit losses of $12 and $16, respectively 615 624
Current portion of program broadcast rights, net 38 35
Income tax refund receivable 22 21
Prepaid income taxes 61 40
Prepaid and other current assets 54 54
Total current assets 934 963
Property and equipment, net 1,366 1,165
Operating leases right of use asset 73 70
Broadcast licenses 5,326 5,303
Goodwill 2,657 2,649
Other intangible assets, net 687 825
Investments in broadcasting, production and technology companies 125 117
Other 15 16
Total assets 11,183 11,108
Liabilities and stockholders’ equity:    
Accounts payable 40 59
Employee compensation and benefits 90 97
Accrued interest 86 52
Accrued network programming fees 39 34
Other accrued expenses 40 44
Federal and state income taxes 8 10
Current portion of program broadcast obligations 40 37
Deferred revenue 64 14
Dividends payable 14 13
Current portion of operating lease liabilities 10 9
Current portion of long-term debt 15 15
Total current liabilities 446 384
Long-term debt, less current portion and deferred financing costs 6,590 6,740
Program broadcast obligations, less current portion 2 5
Deferred income taxes 1,468 1,471
Accrued pension costs 16 24
Operating lease liabilities, less current portion 65 63
Other 14 14
Total liabilities 8,601 8,701
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:    
Retained earnings 1,076 869
Accumulated other comprehensive loss, net of income tax benefit (27) (27)
Stockholders' equity before treasury stock 2,239 2,008
Total stockholders’ equity 1,932 1,757
Total liabilities and stockholders’ equity 11,183 11,108
Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 1,146 1,127
Treasury stock at cost (277) (223)
Class A Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 44 39
Treasury stock at cost $ (30) $ (28)