NOTES PAYABLE, FINANCE LEASES, AND COMMERCIAL BANK FINANCING (Details) - USD ($)
|
|
1 Months Ended |
3 Months Ended |
|
|
Feb. 12, 2025 |
Apr. 30, 2025 |
Mar. 31, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
Feb. 07, 2023 |
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
$ 2,000,000
|
$ 1,000,000
|
|
|
| Interest Rate Swap |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Notional amount |
|
|
|
|
|
$ 600,000,000
|
| Fixed interest rate |
|
|
|
|
|
3.90%
|
| Derivative asset |
|
|
1,000,000
|
|
$ 1,000,000
|
|
| Guarantee Obligations |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Unconditional and irrevocably guaranteed debt |
|
|
2,000,000
|
|
2,000,000
|
|
| Provide guarantee of certain obligations |
|
|
$ 122,000,000
|
|
|
|
| Annual escalations (as a percent) |
|
|
4.00%
|
|
|
|
| Debt term (year) |
|
|
4 years
|
|
|
|
| Consolidated VIEs |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Consolidated total debt |
|
|
$ 2,000,000
|
|
2,000,000
|
|
| Affiliated Entity |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Finance lease liabilities, current |
|
|
3,000,000
|
|
3,000,000
|
|
| Finance lease liabilities, non-current |
|
|
8,000,000
|
|
9,000,000
|
|
| Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
2,000,000
|
1,000,000
|
|
|
| Sinclair Broadcast Group, LLC | Interest Rate Swap |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Notional amount |
|
|
|
|
|
$ 600,000,000
|
| Fixed interest rate |
|
|
|
|
|
3.90%
|
| Derivative asset |
|
|
1,000,000
|
|
1,000,000
|
|
| Sinclair Broadcast Group, LLC | Guarantee Obligations |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Unconditional and irrevocably guaranteed debt |
|
|
2,000,000
|
|
2,000,000
|
|
| Provide guarantee of certain obligations |
|
|
$ 122,000,000
|
|
|
|
| Annual escalations (as a percent) |
|
|
4.00%
|
|
|
|
| Debt term (year) |
|
|
4 years
|
|
|
|
| Sinclair Broadcast Group, LLC | Consolidated VIEs |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Consolidated total debt |
|
|
$ 2,000,000
|
|
2,000,000
|
|
| Sinclair Broadcast Group, LLC | Affiliated Entity |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Finance lease liabilities, current |
|
|
3,000,000
|
|
3,000,000
|
|
| Finance lease liabilities, non-current |
|
|
$ 8,000,000
|
|
$ 9,000,000
|
|
| Line of Credit | First-Out Revolving Credit Facility |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Maximum borrowing capacity |
$ 575,000,000
|
|
|
|
|
|
| Line of Credit | First-Out Revolving Credit Facility | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Maximum borrowing capacity |
575,000,000
|
|
|
|
|
|
| Term Loan B-3 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, outstanding |
711,400,000
|
|
|
|
|
|
| Debt instrument, face amount |
$ 714,000,000
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.00%
|
|
|
|
|
|
| Term Loan B-3 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, outstanding |
$ 711,400,000
|
|
|
|
|
|
| Debt instrument, face amount |
$ 714,000,000
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.00%
|
|
|
|
|
|
| Term Loan B-6, due December 31, 2029 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.30%
|
|
|
|
|
|
| Term Loan B-6, due December 31, 2029 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.30%
|
|
|
|
|
|
| Term Loan B-4 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
$ 731,300,000
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.75%
|
|
|
|
|
|
| Term Loan B-4 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
$ 731,300,000
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
3.75%
|
|
|
|
|
|
| Term Loan B-7, due December 31, 2030 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
4.10%
|
|
|
|
|
|
| Term Loan B-7, due December 31, 2030 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
4.10%
|
|
|
|
|
|
| First-Out Revolving Credit Facility | Line of Credit | First-Out Revolving Credit Facility |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
2.00%
|
|
|
|
|
|
| Maximum borrowing capacity |
$ 575,000,000
|
|
|
|
|
|
| First lien leverage ratio |
|
|
3.5
|
|
|
|
| Borrowings under revolving credit facility exceed total commitments (as a percent) |
|
|
35.00%
|
|
|
|
| Borrowings outstanding |
|
|
$ 0
|
|
|
|
| First-Out Revolving Credit Facility | Line of Credit | First-Out Revolving Credit Facility | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
2.00%
|
|
|
|
|
|
| Maximum borrowing capacity |
$ 575,000,000
|
|
|
|
|
|
| First lien leverage ratio |
|
|
3.5
|
|
|
|
| Borrowings under revolving credit facility exceed total commitments (as a percent) |
|
|
35.00%
|
|
|
|
| Borrowings outstanding |
|
|
$ 0
|
|
|
|
| Third Lien Obligations | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
3,000,000
|
|
|
|
|
|
| Third Lien Obligations | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
3,000,000
|
|
|
|
|
|
| Third Lien Obligations | Line of Credit | First-Out Revolving Credit Facility |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Maximum borrowing capacity |
75,000,000
|
|
|
|
|
|
| Third Lien Obligations | Line of Credit | First-Out Revolving Credit Facility | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Maximum borrowing capacity |
$ 75,000,000
|
|
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 1,430,000,000
|
|
|
|
| Interest rate (as a percent) |
|
|
8.125%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 1,430,000,000
|
|
|
|
| Interest rate (as a percent) |
|
|
8.125%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period One |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period One | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period Two |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Percentage of principal amount redeemed |
|
|
40.00%
|
|
|
|
| Redemption price, percentage |
|
|
108.125%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period Two | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Percentage of principal amount redeemed |
|
|
40.00%
|
|
|
|
| Redemption price, percentage |
|
|
108.125%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period Three |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
108.125%
|
|
|
|
| STG Senior Unsecured Notes 8.125 Percent Due 2027 | Senior Notes | Debt Instrument, Redemption, Period Three | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
108.125%
|
|
|
|
| Term Loan B-2 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Repayment of term loan |
|
|
$ 1,175,000,000
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
(6,000,000)
|
|
|
|
| Term Loan B-2 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Repayment of term loan |
|
|
1,175,000,000
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
(6,000,000)
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 63,600,000
|
|
|
|
| Interest rate (as a percent) |
|
|
4.125%
|
|
|
|
| Percentage of principal amount redeemed |
|
|
84.00%
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
$ 5,000,000
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 63,600,000
|
|
|
|
| Interest rate (as a percent) |
|
|
4.125%
|
|
|
|
| Percentage of principal amount redeemed |
|
|
84.00%
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
$ 5,000,000
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes | Debt Covenant Period One |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
431,000,000
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes | Debt Covenant Period One | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
431,000,000
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes | Debt Covenant Period Two |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
239,000,000
|
|
|
|
| 4.125% Senior Secured Notes due 2030 | Senior Notes | Debt Covenant Period Two | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
239,000,000
|
|
|
|
| STG 5.125% Senior Notes | Senior Notes |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 104,000,000
|
|
|
|
| Interest rate (as a percent) |
|
|
5.125%
|
|
|
|
| Percentage of principal amount redeemed |
|
|
97.00%
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
$ 3,000,000
|
|
|
|
| STG 5.125% Senior Notes | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 104,000,000
|
|
|
|
| Interest rate (as a percent) |
|
|
5.125%
|
|
|
|
| Percentage of principal amount redeemed |
|
|
97.00%
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
$ 3,000,000
|
|
|
|
| STG 5.125% Senior Notes | Senior Notes | Subsequent Event |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, repurchased face amount |
|
$ 66,000,000
|
|
|
|
|
| Repayments of debt |
|
62,000,000
|
|
|
|
|
| STG 5.125% Senior Notes | Senior Notes | Subsequent Event | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, repurchased face amount |
|
66,000,000
|
|
|
|
|
| Repayments of debt |
|
$ 62,000,000
|
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
9.75%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
9.75%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period One |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period One | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period Two |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Percentage of principal amount redeemed |
|
|
40.00%
|
|
|
|
| Redemption price, percentage |
|
|
109.75%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period Two | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Percentage of principal amount redeemed |
|
|
40.00%
|
|
|
|
| Redemption price, percentage |
|
|
109.75%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period Three |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
109.75%
|
|
|
|
| STG Second Lien Secured Notes 9.750 Percent Due 2033 | Senior Notes | Debt Instrument, Redemption, Period Three | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
109.75%
|
|
|
|
| STG Second-Out First Lien Secured Notes 4.375 Percent due 2032 | Senior Notes |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.375%
|
|
|
|
| STG Second-Out First Lien Secured Notes 4.375 Percent due 2032 | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.375%
|
|
|
|
| STG Second-Out First Lien Secured Notes 4.375 Percent due 2032 | Senior Notes | Debt Instrument, Redemption, Period One |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| STG Second-Out First Lien Secured Notes 4.375 Percent due 2032 | Senior Notes | Debt Instrument, Redemption, Period One | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Redemption price, percentage |
|
|
100.00%
|
|
|
|
| 4.125% Unsecured Notes due 2030 | Senior Notes | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 5,000,000
|
|
|
|
| Interest rate (as a percent) |
|
|
4.125%
|
|
|
|
| Term Loan B-2, due September 30, 2026 | Term Loan |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Repayment of term loan |
|
|
|
25,000,000
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
|
1,000,000
|
|
|
| Debt instrument, repurchased face amount |
|
|
|
27,000,000
|
|
|
| Term Loan B-2, due September 30, 2026 | Term Loan | Sinclair Broadcast Group, LLC |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Repayment of term loan |
|
|
|
25,000,000
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
|
1,000,000
|
|
|
| Debt instrument, repurchased face amount |
|
|
|
$ 27,000,000
|
|
|