XML 55 R37.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consisted of the following:
|  | December 31,
|  | 2021 |  | 2020
|  | (In thousands)
Operating Partnership senior credit facility |  | $ | 50,000 |  |  | $ | 10,000 |
MGM China first revolving credit facility |  | 360,414 |  |  | 770,034 |
7.75% senior notes, due 2022 |  | 1,000,000 |  |  | 1,000,000 |
6% senior notes, due 2023 |  | 1,250,000 |  |  | 1,250,000 |
5.625% Operating Partnership senior notes, due 2024 |  | 1,050,000 |  |  | 1,050,000 |
5.375% MGM China senior notes, due 2024 |  | 750,000 |  |  | 750,000 |
6.75% senior notes, due 2025 |  | 750,000 |  |  | 750,000 |
5.75% senior notes, due 2025 |  | 675,000 |  |  | 675,000 |
4.625% Operating Partnership senior notes, due 2025 |  | 800,000 |  |  | 800,000 |
5.25% MGM China senior notes, due 2025 |  | 500,000 |  |  | 500,000 |
5.875% MGM China senior notes, due 2026 |  | 750,000 |  |  | 750,000 |
4.5% Operating Partnership senior notes, due 2026 |  | 500,000 |  |  | 500,000 |
4.625% senior notes, due 2026 |  | 400,000 |  |  | 400,000 |
5.75% Operating Partnership senior notes, due 2027 |  | 750,000 |  |  | 750,000 |
5.5% senior notes, due 2027 |  | 675,000 |  |  | 675,000 |
4.75% MGM China senior notes, due 2027 |  | 750,000 |  |  | — |
4.5% Operating Partnership senior notes, due 2028 |  | 350,000 |  |  | 350,000 |
4.75% senior notes, due 2028 |  | 750,000 |  |  | 750,000 |
3.875% Operating Partnership senior notes, due 2029 |  | 750,000 |  |  | 750,000 |
7% debentures, due 2036 |  | 552 |  |  | 552 |
|  | 12,860,966 |  |  | 12,480,586 |
Less: Premiums, discounts, and unamortized debt issuance costs, net |  | (90,169) |  |  | (103,902) |
|  | 12,770,797 |  |  | 12,376,684 |
Less: Current portion |  | (1,000,000) |  |  | — |
|  | $ | 11,770,797 |  |  | $ | 12,376,684 |
Schedule of Interest Expense, Net | Interest expense, net consisted of the following:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In thousands)
Total interest incurred |  | $ | 800,156 |  |  | $ | 679,251 |  |  | $ | 853,007 |
Interest capitalized |  | (563) |  | (2,871) |  | (5,075)
|  | $ | 799,593 |  |  | $ | 676,380 |  |  | $ | 847,932 |
Schedule of Maturities of Long-Term Debt | The maturities of the principal amount of the Company’s long-term debt as of December 31, 2021 are as follows:
Years ending December 31, |  | (In thousands)
2022 |  | $ | 1,000,000 |
2023 |  | 1,300,000 |
2024 |  | 2,160,414 |
2025 |  | 2,725,000 |
2026 |  | 1,650,000 |
Thereafter |  | 4,025,552 |
|  | $ | 12,860,966 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration