CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 521	$ 816
Accounts receivable, net of allowance for doubtful accounts of $7 as of both periods		620	1,245
Income taxes receivable		156	152
Prepaid sports rights		0	85
Prepaid expenses and other current assets		170	173
Total current assets		1,467	2,471
Property and equipment, net		715	833
Operating lease assets		152	207
Deferred tax assets		0	293
Restricted cash		0	3
Goodwill		2,088	2,088
Indefinite-lived intangible assets		150	150
Definite-lived intangible assets, net		1,075	5,088
Other assets		1,015	1,408
Total assets	[1]	6,662	12,541
Current liabilities:
Accounts payable and accrued liabilities		392	655
Current portion of notes payable, finance leases, and commercial bank financing		36	69
Current portion of operating lease liabilities		22	35
Current portion of program contracts payable		74	97
Other current liabilities		79	346
Total current liabilities		603	1,202
Notes payable, finance leases, and commercial bank financing, less current portion		4,362	12,271
Operating lease liabilities, less current portion		163	205
Program contracts payable, less current portion		17	21
Deferred tax liabilities		395	0
Other long-term liabilities		235	351
Total liabilities	[1]	5,775	14,050
Commitments and contingencies (See Note 6)
Redeemable noncontrolling interests		184	197
Shareholders' equity:
Additional paid-in capital		657	691
Retained earnings (accumulated deficit)		109	(2,460)
Accumulated other comprehensive loss		(2)	(2)
Total Sinclair Broadcast Group shareholders’ equity (deficit)		765	(1,770)
Noncontrolling interests		(62)	64
Total equity (deficit)		703	(1,706)
Total liabilities, redeemable noncontrolling interests, and equity		6,662	12,541
Class A Common Stock
Shareholders' equity:
Common Stock		1	1
Class B Common Stock
Shareholders' equity:
Common Stock		0	0
Customer relationships, net
Current assets:
Definite-lived intangible assets, net		504	3,904
Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 571	$ 1,184

[1] Our consolidated total assets as of March 31, 2022 and December 31, 2021 include total assets of variable interest entities (VIEs) of $118 million and $217 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2022 and December 31, 2021 include total liabilities of VIEs of $17 million and $62 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 9. Variable Interest Entities.