CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 536	$ 662
Accounts receivable, net of allowance for doubtful accounts of $5 and $4, respectively		617	616
Income taxes receivable		7	8
Prepaid expenses and other current assets		195	189
Total current assets		1,355	1,475
Property and equipment, net		712	715
Operating lease assets		128	142
Goodwill		2,082	2,082
Indefinite-lived intangible assets		150	150
Other assets		692	742
Total assets	[1]	5,785	6,085
Current liabilities:
Accounts payable and accrued liabilities		479	913
Current portion of notes payable, finance leases, and commercial bank financing		38	36
Current portion of operating lease liabilities		22	21
Current portion of program contracts payable		85	76
Other current liabilities		85	57
Total current liabilities		709	1,103
Notes payable, finance leases, and commercial bank financing, less current portion		4,093	4,139
Operating lease liabilities, less current portion		135	152
Program contracts payable, less current portion		16	14
Deferred tax liabilities		288	252
Other long-term liabilities		195	204
Total liabilities	[1]	5,436	5,864
Commitments and contingencies (See Note 5)
Shareholders' equity:
Additional paid-in capital		565	517
Accumulated deficit		(149)	(234)
Accumulated other comprehensive (loss) income		(2)	1
Total Sinclair shareholders' equity		415	285
Noncontrolling interests		(66)	(64)
Total equity		349	221
Total liabilities and equity		5,785	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		318	369
Other definite-lived intangible assets, net
Current assets:
Definite-lived intangible assets, net		$ 348	$ 410

[1] Our consolidated total assets as of September 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $76 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of both September 30, 2024 and December 31, 2023 include total liabilities of VIEs of $17 million for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.