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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current Assets:        
Cash and cash equivalents $ 662 $ 884    
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively 616 612    
Income taxes receivable 8 5    
Prepaid expenses and other current assets 189 182    
Total current assets 1,475 1,683    
Property and equipment, net 715 728    
Operating lease assets 142 145    
Goodwill 2,082 2,088 $ 2,088  
Indefinite-lived intangible assets 150 150 150  
Definite-lived intangible assets, net 779 946    
Other assets 742 964    
Total assets [1] 6,085 6,704    
Current Liabilities:        
Accounts payable and accrued liabilities 913 397    
Current portion of notes payable, finance leases, and commercial bank financing 36 38    
Current portion of operating lease liabilities 21 23    
Current portion of program contracts payable 76 83    
Other current liabilities 57 67    
Total current liabilities 1,103 608    
Notes payable, finance leases, and commercial bank financing, less current portion 4,139 4,227    
Operating lease liabilities, less current portion 152 154    
Program contracts payable, less current portion 14 10    
Deferred tax liabilities 252 610    
Other long-term liabilities 204 220    
Total liabilities [1] 5,864 5,829    
Commitments and contingencies (See Note 13)    
Redeemable noncontrolling interests 0 194    
Shareholders' equity:        
Additional paid-in capital 517 624    
(Accumulated deficit) retained earnings (234) 122    
Accumulated other comprehensive income 1 1    
Total Sinclair shareholders’ equity 285 748    
Noncontrolling interests (64) (67)    
Total equity 221 681 $ (1,706) $ (1,185)
Total liabilities, redeemable noncontrolling interests, and equity 6,085 6,704    
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 369 444    
Other definite-lived intangible assets, net        
Current Assets:        
Definite-lived intangible assets, net $ 410 $ 502    
[1] Our consolidated total assets as of December 31, 2023 and 2022 include total assets of Variable Interest Entities ("VIEs") of $85 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2023 and 2022 include total liabilities of the VIEs of $17 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 14. Variable Interest Entities.