PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2023

Property and equipment

Schedule of Estimated Useful Lives

Depreciation is generally computed under the straight-line method over the following estimated useful lives:

Buildings and improvements	10 - 30 years
Operating equipment	5 - 10 years
Office furniture and equipment	5 - 10 years
Leasehold improvements	Lesser of 10 - 30 years or lease term
Automotive equipment	3 - 5 years
Property and equipment under finance leases	Lease term

Schedule of Property and Equipment Stated at Cost Less Accumulated Depreciation

Property and equipment consisted of the following as of December 31, 2023 and 2022 (in millions):

	2023		2022
Land and improvements	$	72	$	72
Real estate held for development and sale	19		19
Buildings and improvements	309		300
Operating equipment	879		873
Office furniture and equipment	149		130
Leasehold improvements	47		45
Automotive equipment	64		63
Finance lease assets	61		61
Construction in progress	90		74
	1,690		1,637
Less: accumulated depreciation	(975)		(909)
	$	715	$	728

Sinclair Broadcast Group, LLC

Property and equipment

Schedule of Estimated Useful Lives

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is generally computed under the straight-line method over the following estimated useful lives:

Buildings and improvements	10 - 30 years
Operating equipment	5 - 10 years
Office furniture and equipment	5 - 10 years
Leasehold improvements	Lesser of 10 - 30 years or lease term
Automotive equipment	3 - 5 years
Property and equipment under finance leases	Lease term

Schedule of Property and Equipment Stated at Cost Less Accumulated Depreciation

Property and equipment consisted of the following as of December 31, 2023 and 2022 (in millions):

	2023		2022
Land and improvements	$	71	$	72
Real estate held for development and sale	—		19
Buildings and improvements	287		300
Operating equipment	894		873
Office furniture and equipment	142		130
Leasehold improvements	45		45
Automotive equipment	64		63
Finance lease assets	61		61
Construction in progress	93		74
	1,657		1,637
Less: accumulated depreciation	(965)		(909)
	$	692	$	728