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VARIABLE INTEREST ENTITIES - Schedule of Variable Interest Entities Assets and Liabilities (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Current assets: |  |  |
Accounts receivable, net |  | $ 662 | $ 616
Other current assets |  | 174 | 189
Total current assets |  | 1,222 | 1,475
Property and equipment, net |  | 717 | 715
Total assets | [1] | 5,686 | 6,085
Current liabilities: |  |  |
Other current liabilities |  | 77 | 57
Long-term liabilities: |  |  |
Notes payable, finance leases, and commercial bank financing, less current portion |  | 4,106 | 4,139
Other long-term liabilities |  | 198 | 204
Total liabilities | [1] | 5,411 | 5,864
Consolidated VIEs |  |  |
Current assets: |  |  |
Accounts receivable, net |  | 18 | 23
Other current assets |  | 1 | 3
Total current assets |  | 19 | 26
Property and equipment, net |  | 9 | 11
Goodwill and indefinite-lived intangible assets |  | 15 | 15
Definite-lived intangible assets, net |  | 29 | 33
Total assets |  | 72 | 85
Current liabilities: |  |  |
Other current liabilities |  | 12 | 14
Long-term liabilities: |  |  |
Notes payable, finance leases, and commercial bank financing, less current portion |  | 5 | 6
Other long-term liabilities |  | 3 | 3
Total liabilities |  | 20 | 23
Sinclair Broadcast Group, LLC |  |  |
Current assets: |  |  |
Accounts receivable, net |  | 599 | 568
Other current assets |  | 111 | 139
Total current assets |  | 770 | 1,033
Property and equipment, net |  | 694 | 692
Total assets | [2] | 4,524 | 4,837
Current liabilities: |  |  |
Other current liabilities |  | 82 | 50
Long-term liabilities: |  |  |
Notes payable, finance leases, and commercial bank financing, less current portion |  | 4,091 | 4,124
Other long-term liabilities |  | 153 | 158
Total liabilities | [2] | 5,298 | 5,765
Sinclair Broadcast Group, LLC | Consolidated VIEs |  |  |
Current assets: |  |  |
Accounts receivable, net |  | 18 | 23
Other current assets |  | 1 | 3
Total current assets |  | 19 | 26
Property and equipment, net |  | 9 | 11
Goodwill and indefinite-lived intangible assets |  | 15 | 15
Definite-lived intangible assets, net |  | 29 | 33
Total assets |  | 72 | 85
Current liabilities: |  |  |
Other current liabilities |  | 12 | 14
Long-term liabilities: |  |  |
Notes payable, finance leases, and commercial bank financing, less current portion |  | 5 | 6
Other long-term liabilities |  | 3 | 3
Total liabilities |  | $ 20 | $ 23
[1] | Our consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.
[2] | SBG's consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. SBG's consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 7. Variable Interest Entities.

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