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)
SBG member's deficit:
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
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
Sinclair Broadcast Group, LLC
Current assets:
Cash and cash equivalents		337	319
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods		577	568
Income taxes receivable		7	7
Prepaid expenses and other current assets		129	139
Total current assets		1,050	1,033
Property and equipment, net		698	692
Operating lease assets		138	142
Goodwill		2,016	2,016
Indefinite-lived intangible assets		123	123
Other assets		199	184
Total assets	[2]	4,838	4,837
Current liabilities:
Accounts payable and accrued liabilities		815	851
Current portion of notes payable, finance leases, and commercial bank financing		36	36
Current portion of operating lease liabilities		22	21
Current portion of program contracts payable		57	76
Other current liabilities		69	50
Total current liabilities		999	1,034
Notes payable, finance leases, and commercial bank financing, less current portion		4,098	4,124
Operating lease liabilities, less current portion		148	152
Program contracts payable, less current portion		11	14
Deferred tax liabilities		284	283
Other long-term liabilities		153	158
Total liabilities	[2]	5,693	5,765
Commitments and contingencies (See Note 5)
SBG member's deficit:
Accumulated deficit		(795)	(865)
Accumulated other comprehensive income		5	1
Total SBG (deficit) equity		(790)	(864)
Noncontrolling interests		(65)	(64)
Total equity		(855)	(928)
Total liabilities and equity		4,838	4,837
Sinclair Broadcast Group, LLC | Customer relationships, net
Current assets:
Definite-lived intangible assets, net		226	238
Sinclair Broadcast Group, LLC | Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 388	$ 409

[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.

[2] SBG's 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. SBG's 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 SBG. See Note 7. Variable Interest Entities.