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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Note 4: Intangible Assets and Goodwill The Company’s goodwill by segment, indefinite-lived intangible assets and definite-lived intangible assets consisted of the following ($ in millions):
|  | Reportable Broadcast Segment |  |  | Other Segments |  |  | Total |
|  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  |  |
Goodwill |  | Gross |  |  | Impairment |  |  | Net |  |  | Gross |  |  | Impairment |  |  | Net |  |  | Gross |  |  | Impairment |  |  | Net |
Balances as of December 31, 2024 |  | $ | 2,920 |  |  | $ | (43 | ) |  | $ | 2,877 |  |  | $ | 225 |  |  | $ | (180 | ) |  | $ | 45 |  |  | $ | 3,145 |  |  | $ | (223 | ) |  | $ | 2,922 |
Current year acquisition (Note 3) |  |  | 2 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 2 |
Balances as of June 30, 2025 |  | $ | 2,922 |  |  | $ | (43 | ) |  | $ | 2,879 |  |  | $ | 225 |  |  | $ | (180 | ) |  | $ | 45 |  |  | $ | 3,147 |  |  | $ | (223 | ) |  | $ | 2,924 |
|  | FCC Licenses |
|  |  |  |  | Accumulated |  |  |  |
Indefinite-lived Intangible Assets |  | Gross |  |  | Impairment |  |  | Net |
Balances as of December 31, 2024 |  | $ | 2,977 |  |  | $ | (48 | ) |  | $ | 2,929 |
Current year acquisition (Note 3) |  |  | 20 |  |  |  | - |  |  |  | 20 |
Balances as of June 30, 2025 |  | $ | 2,997 |  |  | $ | (48 | ) |  | $ | 2,949 |
|  | Network Affiliation Agreements |  |  | Other Definite-Lived Intangible Assets |  |  | Total |
|  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  |  |
|  |  |  |  | Amortization |  |  |  |  |  |  |  |  | Amortization |  |  |  |  |  |  |  |  | Amortization |  |  |  |
Definite-Lived Intangible Assets |  | Gross |  |  | and Impairment |  |  | Net |  |  | Gross |  |  | and Impairment |  |  | Net |  |  | Gross |  |  | and Impairment |  |  | Net |
Balances as of December 31, 2024 |  | $ | 3,125 |  |  | $ | (1,631 | ) |  | $ | 1,494 |  |  | $ | 1,115 |  |  | $ | (762 | ) |  | $ | 353 |  |  | $ | 4,240 |  |  | $ | (2,393 | ) |  | $ | 1,847 |
Balances as of June 30, 2025 |  | $ | 3,125 |  |  | $ | (1,725 | ) |  | $ | 1,400 |  |  | $ | 1,148 |  |  | $ | (817 | ) |  | $ | 331 |  |  | $ | 4,273 |  |  | $ | (2,542 | ) |  | $ | 1,731 |
The following table presents the Company’s estimate of amortization expense for the remainder of 2025, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of June 30, 2025 (in millions):
Remainder of 2025 |  | $ | 151 |
2026 |  |  | 280 |
2027 |  |  | 265 |
2028 |  |  | 240 |
2029 |  |  | 222 |
2030 |  |  | 178 |
Thereafter |  |  | 395 |
|  | $ | 1,731 |
Indefinite-lived intangible assets are not subject to amortization but are tested for impairment annually or whenever events or changes in circumstances indicate that such assets might be impaired. During the three and six months ended June 30, 2025, the Company did not identify events that would trigger impairment assessments.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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