v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Accounts receivable, allowance for doubtful accounts $ 5 $ 6
Assets [1] 5,779 5,885
Liabilities [1] 5,411 5,369
Sinclair Broadcast Group, LLC    
Accounts receivable, allowance for doubtful accounts 4 5
Assets [2] 4,617 4,689
Liabilities [2] 5,346 5,315
Consolidated VIEs    
Assets 66 70
Liabilities 21 21
Consolidated VIEs | Sinclair Broadcast Group, LLC    
Assets 66 70
Liabilities 21 21
Consolidated VIEs | Nonrecourse    
Liabilities 15 16
Consolidated VIEs | Nonrecourse | Sinclair Broadcast Group, LLC    
Liabilities $ 15 $ 16
[1] Our consolidated total assets as of March 31, 2025 and December 31, 2024 include total assets of variable interest entities (“VIE”) of $66 million and $70 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2025 and December 31, 2024 include total liabilities of VIEs of $15 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 March 31, 2025 and December 31, 2024 include total assets of variable interest entities (“VIE”) of $66 million and $70 million, respectively, which can only be used to settle the obligations of the VIEs. SBG’s consolidated total liabilities as of March 31, 2025 and December 31, 2024 include total liabilities of VIEs of $15 million and $16 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 6. Variable Interest Entities.