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Investments in and Advances to Unconsolidated Affiliates | 6 Months Ended
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Jun. 30, 2020
Equity Method Investments And Joint Ventures [Abstract] |
Investments in and Advances to Unconsolidated Affiliates | NOTE 3 — INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES Investments in and advances to unconsolidated affiliates consisted of the following:
| June 30, |  |  | December 31, |
| 2020 |  |  | 2019 |
| (In thousands) |
CityCenter Holdings, LLC – CityCenter (50%) | $ | 468,815 |  |  | $ | 568,879 |
MGP BREIT Venture (50.1% owned by the Operating Partnership) |  | 805,583 |  |  |  | — |
Other |  | 194,097 |  |  |  | 253,487 |
| $ | 1,468,495 |  |  | $ | 822,366 |
The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows:
| Three Months Ended |  |  | Six Months Ended |
| June 30, |  |  | June 30, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
| (In thousands) |
Income (loss) from unconsolidated affiliates | $ | (8,353 | ) |  | $ | 27,004 |  |  | $ | 27,395 |  |  | $ | 65,753 |
Non-operating items from unconsolidated affiliates |  | (23,761 | ) |  |  | (21,477 | ) |  |  | (56,382 | ) |  |  | (39,642 | )
| $ | (32,114 | ) |  | $ | 5,527 |  |  | $ | (28,987 | ) |  | $ | 26,111 |
The following table summarizes information related to the Company’s share of income (loss) from unconsolidated affiliates:
| Three Months Ended |  |  | Six Months Ended |
| June 30, |  |  | June 30, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
| (In thousands) |
CityCenter | $ | (39,113 | ) |  | $ | 31,506 |  |  | $ | (18,447 | ) |  | $ | 66,355 |
MGP BREIT Venture |  | 38,861 |  |  |  | — |  |  |  | 58,811 |  |  |  | — |
Other |  | (8,101 | ) |  |  | (4,502 | ) |  |  | (12,969 | ) |  |  | (602 | )
| $ | (8,353 | ) |  | $ | 27,004 |  |  | $ | 27,395 |  |  | $ | 65,753 |
CityCenter distributions. In April 2020, CityCenter paid a $101 million distribution, of which the Company received its 50% share, or approximately $51 million. In April 2019, CityCenter paid a $116 million distribution, of which the Company received its 50% share, or approximately $58 million. In March 2019, CityCenter paid a $64 million distribution, of which the Company received its 50% share, or approximately $32 million. MGP BREIT Venture distributions. For the three and six months ended June 30, 2020, the Operating Partnership received $23 million and $35 million in distributions from MGP BREIT Venture, respectively. Other. During the three and six months ended June 30, 2020, the Company recognized other-than-temporary impairment charges of $26 million and $64 million, respectively, within “Property transactions, net” in the consolidated statements of operations related to an investment in an unconsolidated affiliate classified within “Other” in the “Investments in and advances to unconsolidated affiliates” table above.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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