CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 623	$ 884
Accounts receivable, net of allowance for doubtful accounts of $5 as of both periods		603	612
Income taxes receivable		5	5
Prepaid expenses and other current assets		216	182
Total current assets		1,447	1,683
Property and equipment, net		725	728
Operating lease assets		138	145
Goodwill		2,082	2,088
Indefinite-lived intangible assets		150	150
Definite-lived intangible assets, net		904	946
Other assets		990	964
Total assets	[1]	6,436	6,704
Current liabilities:
Accounts payable and accrued liabilities		402	397
Current portion of notes payable, finance leases, and commercial bank financing		37	38
Current portion of operating lease liabilities		21	23
Current portion of program contracts payable		68	83
Other current liabilities		77	67
Total current liabilities		605	608
Notes payable, finance leases, and commercial bank financing, less current portion		4,221	4,227
Operating lease liabilities, less current portion		148	154
Program contracts payable, less current portion		10	10
Deferred tax liabilities		407	610
Other long-term liabilities		214	220
Total liabilities	[1]	5,605	5,829
Commitments and contingencies (See Note 5)
Redeemable noncontrolling interests		0	194
Shareholders' equity:
Additional paid-in capital		602	624
Retained earnings		289	122
Accumulated other comprehensive (loss) income		(2)	1
Total Sinclair Broadcast Group shareholders’ equity		890	748
Noncontrolling interests		(59)	(67)
Total equity		831	681
Total liabilities, redeemable noncontrolling interests, and equity		6,436	6,704
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		424	444
Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 480	$ 502

[1] Our consolidated total assets as of March 31, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $83 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2023 and December 31, 2022 include total liabilities of VIEs of $17 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.