CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 420	$ 816
Accounts receivable, net of allowance for doubtful accounts of $7 as of both periods		606	1,245
Income taxes receivable		174	152
Prepaid sports rights		0	85
Prepaid expenses and other current assets		165	173
Total current assets		1,365	2,471
Property and equipment, net		713	833
Operating lease assets		149	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		1,032	5,088
Other assets		952	1,408
Total assets	[1]	6,449	12,541
Current liabilities:
Accounts payable and accrued liabilities		414	655
Current portion of notes payable, finance leases, and commercial bank financing		43	69
Current portion of operating lease liabilities		22	35
Current portion of program contracts payable		59	97
Other current liabilities		79	346
Total current liabilities		617	1,202
Notes payable, finance leases, and commercial bank financing, less current portion		4,233	12,271
Operating lease liabilities, less current portion		159	205
Program contracts payable, less current portion		17	21
Deferred tax liabilities		360	0
Other long-term liabilities		234	351
Total liabilities	[1]	5,620	14,050
Commitments and contingencies (See Note 6)
Redeemable noncontrolling interests		187	197
Shareholders' equity:
Additional paid-in capital		628	691
Retained earnings (accumulated deficit)		79	(2,460)
Accumulated other comprehensive loss		(2)	(2)
Total Sinclair Broadcast Group shareholders’ equity (deficit)		706	(1,770)
Noncontrolling interests		(64)	64
Total equity (deficit)		642	(1,706)
Total liabilities, redeemable noncontrolling interests, and equity		6,449	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		484	3,904
Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 548	$ 1,184

[1] Our consolidated total assets as of June 30, 2022 and December 31, 2021 include total assets of variable interest entities (VIEs) of $112 million and $217 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2022 and December 31, 2021 include total liabilities of VIEs of $15 million and $62 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 9. Variable Interest Entities.