CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 378	$ 662
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods		662	616
Income taxes receivable		8	8
Prepaid expenses and other current assets		174	189
Total current assets		1,222	1,475
Property and equipment, net		717	715
Operating lease assets		133	142
Goodwill		2,082	2,082
Indefinite-lived intangible assets		150	150
Other assets		680	742
Total assets	[1]	5,686	6,085
Current liabilities:
Accounts payable and accrued liabilities		503	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		47	76
Other current liabilities		77	57
Total current liabilities		686	1,103
Notes payable, finance leases, and commercial bank financing, less current portion		4,106	4,139
Operating lease liabilities, less current portion		143	152
Program contracts payable, less current portion		15	14
Deferred tax liabilities		263	252
Other long-term liabilities		198	204
Total liabilities	[1]	5,411	5,864
Commitments and contingencies (See Note 5)
Shareholders' equity:
Additional paid-in capital		560	517
Accumulated deficit		(227)	(234)
Accumulated other comprehensive income		6	1
Total Sinclair shareholders' equity		340	285
Noncontrolling interests		(65)	(64)
Total equity		275	221
Total liabilities and equity		5,686	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		334	369
Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 368	$ 410

[1] Our consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.