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Significant Transactions
6 Months Ended
Jun. 30, 2021
Business Combinations [Abstract]  
Significant Transactions Significant Transactions
Universal Beijing Resort
We entered into an agreement with a consortium of Chinese state-owned companies to build and operate a Universal theme park and resort in Beijing, China (“Universal Beijing Resort”). We own a 30% interest in Universal Beijing Resort and the construction is being funded through a combination of debt financing and equity contributions from the investors in accordance with their equity interests. As of June 30, 2021, Universal Beijing Resort had $3.3 billion of debt outstanding, including $2.9 billion principal amount of a term loan under the debt financing agreement.
As of June 30, 2021, our condensed consolidated balance sheet included assets and liabilities of Universal Beijing Resort, totaling $8.9 billion and $7.1 billion, respectively. The assets and liabilities of Universal Beijing Resort primarily consist of property and equipment, operating lease assets and liabilities, and debt.