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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Taxes for Domestic and Foreign Operations | Income (loss) before income taxes for domestic and foreign operations consisted of the following:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In thousands)
Domestic operations |  | $ | 2,094,324 |  |  | $ | (665,376) |  |  | $ | 2,717,756 |
Foreign operations |  | (632,520) |  |  | (846,103) |  |  | 128,969 |
|  | $ | 1,461,804 |  |  | $ | (1,511,479) |  |  | $ | 2,846,725 |
Schedule of Benefit (Provision) for Income Taxes Attributable to Income (Loss) Before Income Taxes | The benefit (provision) for income taxes attributable to income (loss) before income taxes is as follows:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Federal: |  | (In thousands)
Current |  | $ | (8,984) |  |  | $ | 207,544 |  |  | $ | (4,928) |
Deferred (excluding separate components) |  | (189,657) |  |  | 19,852 |  |  | (537,993) |
Deferred – valuation allowance |  | (14,967) |  |  | (42,109) |  |  | (20,175) |
Other noncurrent |  | (14,262) |  |  | 4,922 |  |  | (5,745) |
Benefit (provision) for federal income taxes |  | (227,870) |  |  | 190,209 |  |  | (568,841) |
State: |  |  |  |  |  |
Current |  | 5 |  |  | (816) |  |  | (22,685) |
Deferred (excluding separate components) |  | (28,068) |  |  | (33,087) |  |  | (32,793) |
Deferred – operating loss carryforward |  | (27,936) |  |  | 47,728 |  |  | (5,241) |
Deferred – valuation allowance |  | (601) |  |  | (3,375) |  |  | (191) |
Other noncurrent |  | 13,260 |  |  | (946) |  |  | (1,401) |
Benefit (provision) for state income taxes |  | (43,340) |  |  | 9,504 |  |  | (62,311) |
Foreign: |  |  |  |  |  |
Current |  | (3,717) |  |  | (828) |  |  | (2,454) |
Deferred (excluding separate components) |  | 8,943 |  |  | 4,206 |  |  | 44,374 |
Deferred – operating loss carryforward |  | 5,793 |  |  | 39,920 |  |  | 32,915 |
Deferred – valuation allowance |  | 6,776 |  |  | (51,439) |  |  | (76,028) |
Benefit (provision) for foreign income taxes |  | 17,795 |  |  | (8,141) |  |  | (1,193) |
|  | $ | (253,415) |  |  | $ | 191,572 |  |  | $ | (632,345) |
Schedule of Reconciliation of the Federal Income Tax Statutory Rate and the Company's Effective Tax Rate | A reconciliation of the federal income tax statutory rate and the Company’s effective tax rate is as follows:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Federal income tax statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Net operating loss carryback rate differential |  | — |  |  | 5.5 |  |  | — |
Noncontrolling interest |  | (3.2) |  |  | 1.6 |  |  | (0.8) |
Foreign jurisdiction income/losses taxed at other than U.S. statutory rate |  | 8.2 |  |  | (12.5) |  |  | (0.5) |
Federal valuation allowance |  | 1.0 |  |  | (2.8) |  |  | 0.7 |
State taxes, net |  | 2.3 |  |  | 0.5 |  |  | 1.7 |
Gain on consolidation of CityCenter, net |  | (10.1) |  |  | — |  |  | — |
Permanent and other items |  | (1.9) |  |  | (0.6) |  |  | 0.1 |
|  | 17.3 | % |  | 12.7 | % |  | 22.2 | %
Schedule of Tax-Effected Components of the Company's Net Deferred Tax Liability | The tax-effected components of the Company’s net deferred tax liability are as follows:
|  | December 31,
|  | 2021 |  | 2020
Deferred tax assets – federal and state: |  | (In thousands)
Net operating loss carryforward |  | $ | 35,350 |  |  | $ | 57,419 |
Accruals, reserves and other |  | 39,163 |  |  | 167,553 |
Lease liabilities |  | 2,714,308 |  |  | 1,972,343 |
Tax credits |  | 3,060,733 |  |  | 3,095,856 |
|  | 5,849,554 |  |  | 5,293,171 |
Less: Valuation allowance |  | (2,735,451) |  |  | (2,720,008) |
|  | 3,114,103 |  |  | 2,573,163 |
Deferred tax assets – foreign: |  |  |  |
Net operating loss carryforward |  | 185,936 |  |  | 180,143 |
Accruals, reserves and other |  | 15,228 |  |  | 17,083 |
Property and equipment |  | 27,366 |  |  | 17,890 |
Lease liabilities |  | 1,458 |  |  | 1,368 |
|  | 229,988 |  |  | 216,484 |
Less: Valuation allowance |  | (148,811) |  |  | (155,587) |
|  | 81,177 |  |  | 60,897 |
Total deferred tax assets |  | $ | 3,195,280 |  |  | $ | 2,634,060 |
Deferred tax liabilities – federal and state: |  |  |  |
Property and equipment |  | $ | (1,361,356) |  |  | $ | (1,349,355) |
Investments in unconsolidated affiliates |  | (1,252,816) |  |  | (1,158,342) |
ROU assets |  | (2,570,620) |  |  | (1,860,195) |
Intangibles |  | (141,934) |  |  | (108,728) |
|  | (5,326,726) |  |  | (4,476,620) |
Deferred tax liabilities – foreign: |  |  |  |
Intangibles |  | (307,522) |  |  | (309,256) |
ROU Assets |  | (396) |  |  | (1,200) |
|  | (307,918) |  |  | (310,456) |
Total deferred tax liability |  | $ | (5,634,644) |  |  | $ | (4,787,076) |
Net deferred tax liability |  | $ | (2,439,364) |  |  | $ | (2,153,016) |
Schedule of Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In thousands)
Gross unrecognized tax benefits at January 1 |  | $ | 35,617 |  |  | $ | 33,298 |  |  | $ | 24,464 |
Gross increases - prior period tax positions |  | 12,949 |  |  | 3,717 |  |  | 8,960 |
Gross decreases - prior period tax positions |  | (13,388) |  |  | (1,398) |  |  | (1,006) |
Gross increases - current period tax positions |  | 654 |  |  | — |  |  | 880 |
Settlements with Taxing Authorities |  | (16,264) |  |  | — |  |  | — |
Gross unrecognized tax benefits at December 31 |  | $ | 19,568 |  |  | $ | 35,617 |  |  | $ | 33,298 |

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