CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2023		Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 728		$ 884
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively		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
Old Sinclair 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		681
Total liabilities, redeemable noncontrolling interests, and equity		6,201		6,704
Class A Common Stock
Old Sinclair shareholders' equity:
Common Stock		1		1
Class B Common Stock
Old Sinclair 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
Sinclair Broadcast Group, LLC
Current assets:
Cash and cash equivalents		368		884
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively		544		612
Income taxes receivable		6		5
Prepaid expenses and other current assets		146		182
Total current assets		1,064		1,683
Property and equipment, net		689		728
Operating lease assets		132		145
Goodwill		2,016		2,088
Indefinite-lived intangible assets		123		150
Definite-lived intangible assets, net		715		946
Other assets		255		964
Total assets		4,994	[2]	6,704
Current liabilities:
Accounts payable and accrued liabilities		378		397
Current portion of notes payable, finance leases, and commercial bank financing		36		38
Current portion of operating lease liabilities		20		23
Current portion of program contracts payable		48		83
Other current liabilities		56		67
Total current liabilities		538		608
Notes payable, finance leases, and commercial bank financing, less current portion		4,170		4,227
Operating lease liabilities, less current portion		145		154
Program contracts payable, less current portion		7		10
Deferred tax liabilities		394		610
Other long-term liabilities		212		220
Total liabilities		5,466	[2]	5,829
Commitments and contingencies (See Note 5)
Redeemable noncontrolling interests		0		194
Old Sinclair shareholders' equity:
Additional paid-in capital				624
Retained earnings		(418)		122
Accumulated other comprehensive income		7		1
Total SBG (deficit) equity		(411)		748
Noncontrolling interests		(61)		(67)
Total equity		(472)		681
Total liabilities, redeemable noncontrolling interests, and equity		4,994		6,704
Sinclair Broadcast Group, LLC | Class A Common Stock
Old Sinclair shareholders' equity:
Common Stock				1
Sinclair Broadcast Group, LLC | Class B Common Stock
Old Sinclair shareholders' equity:
Common Stock				0
Sinclair Broadcast Group, LLC | Customer relationships, net
Current assets:
Definite-lived intangible assets, net		265		444
Sinclair Broadcast Group, LLC | Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 450		$ 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.