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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Accounts receivable, allowance for doubtful accounts $ 5 $ 6
Assets [1] 5,567 5,885
Liabilities [1] 5,291 5,369
Consolidated VIEs    
Assets 78 70
Liabilities 14 21
Consolidated VIEs | Nonrecourse    
Liabilities 9 16
Sinclair Broadcast Group, LLC    
Accounts receivable, allowance for doubtful accounts 4 5
Assets [2] 4,382 4,689
Liabilities [2] 5,240 5,315
Sinclair Broadcast Group, LLC | Consolidated VIEs    
Assets 78 70
Liabilities 14 21
Sinclair Broadcast Group, LLC | Consolidated VIEs | Nonrecourse    
Liabilities $ 9 $ 16
[1] Our consolidated total assets as of September 30, 2025 and December 31, 2024 include total assets of variable interest entities (“VIE”) of $78 million and $70 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2025 and December 31, 2024 include total liabilities of VIEs of $9 million and $16 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.
[2] Sinclair Broadcast Group, LLC’s (“SBG”) consolidated total assets as of September 30, 2025 and December 31, 2024 include total assets of variable interest entities (“VIE”) of $78 million and $70 million, respectively, which can only be used to settle the obligations of the VIEs. SBG’s consolidated total liabilities as of September 30, 2025 and December 31, 2024 include total liabilities of VIEs of $9 million and $16 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 6. Variable Interest Entities.