v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Accounts receivable, allowance for doubtful accounts $ 5 $ 5
Assets [1] 5,776 5,949
Liabilities [1] 5,384 5,579
Consolidated VIEs    
Assets 21 30
Liabilities 8 13
Consolidated VIEs | Nonrecourse    
Liabilities 5 8
Sinclair Broadcast Group, LLC    
Accounts receivable, allowance for doubtful accounts 4 4
Assets [2] 4,596 4,663
Liabilities [2] 5,449 5,486
Sinclair Broadcast Group, LLC | Consolidated VIEs    
Assets 21 30
Liabilities 8 13
Sinclair Broadcast Group, LLC | Consolidated VIEs | Nonrecourse    
Liabilities $ 5 $ 8
[1] Our consolidated total assets as of March 31, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $21 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2026 and December 31, 2025 include total liabilities of VIEs of $5 million and $8 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, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $21 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. SBG’s consolidated total liabilities as of March 31, 2026 and December 31, 2025 include total liabilities of VIEs of $5 million and $8 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 6. Variable Interest Entities.