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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 655 $ 662
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods 642 616
Income taxes receivable 7 8
Prepaid expenses and other current assets 177 189
Total current assets 1,481 1,475
Property and equipment, net 720 715
Operating lease assets 139 142
Goodwill 2,082 2,082
Indefinite-lived intangible assets 150 150
Other assets 725 742
Total assets [1] 6,038 6,085
Current liabilities:    
Accounts payable and accrued liabilities 854 913
Current portion of notes payable, finance leases, and commercial bank financing 37 36
Current portion of operating lease liabilities 22 21
Current portion of program contracts payable 57 76
Other current liabilities 70 57
Total current liabilities 1,040 1,103
Notes payable, finance leases, and commercial bank financing, less current portion 4,112 4,139
Operating lease liabilities, less current portion 148 152
Program contracts payable, less current portion 11 14
Deferred tax liabilities 258 252
Other long-term liabilities 200 204
Total liabilities [1] 5,769 5,864
Commitments and contingencies (See Note 5)
Shareholders' equity:    
Additional paid-in capital 554 517
Accumulated deficit (227) (234)
Accumulated other comprehensive income 5 1
Total SBG (deficit) equity 333 285
Noncontrolling interests (64) (64)
Total equity 269 221
Total liabilities and equity 6,038 6,085
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 352 369
Other definite-lived intangible assets, net    
Current assets:    
Definite-lived intangible assets, net $ 389 $ 410
[1] Our consolidated total assets as of March 31, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $78 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2024 and December 31, 2023 include total liabilities of VIEs of $16 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.