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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Current assets:            
Cash and cash equivalents $ 728   $ 884      
Accounts receivable, net of allowance for doubtful accounts of $5 as of both periods 582   612      
Income taxes receivable 6   5      
Prepaid expenses and other current assets 190   182      
Total current assets 1,506   1,683      
Property and equipment, net 715   728      
Operating lease assets 133   145      
Goodwill 2,082   2,088      
Indefinite-lived intangible assets 150   150      
Other assets 752   964      
Total assets [1] 6,201   6,704 [2]      
Current liabilities:            
Accounts payable and accrued liabilities 452   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 48   83      
Other current liabilities 66   67      
Total current liabilities 624   608      
Notes payable, finance leases, and commercial bank financing, less current portion 4,185   4,227      
Operating lease liabilities, less current portion 145   154      
Program contracts payable, less current portion 7   10      
Deferred tax liabilities 387   610      
Other long-term liabilities 212   220      
Total liabilities [1] 5,560   5,829 [2]      
Commitments and contingencies (See Note 5)        
Redeemable noncontrolling interests 0   194      
Shareholders' equity:            
Additional paid-in capital 510   624      
Retained earnings 184   122      
Accumulated other comprehensive income 7   1      
Total SBG (deficit) equity 702   748      
Noncontrolling interests (61)   (67)      
Total equity 641 $ 831 681 $ 642 $ 703 $ (1,706)
Total liabilities, redeemable noncontrolling interests, and equity 6,201   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 405   444      
Other definite-lived intangible assets, net            
Current assets:            
Definite-lived intangible assets, net $ 458   $ 502      
[1] Our consolidated total assets as of June 30, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $78 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2023 and December 31, 2022 include total liabilities of VIEs of $16 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.
[2] SBG's consolidated total assets as of June 30, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $78 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. SBG's consolidated total liabilities as of June 30, 2023 and December 31, 2022 include total liabilities of VIEs of $16 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 7. Variable Interest Entities.