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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Components of Lease Costs Components of lease costs and other information related to the Company’s leases was:
 
Year Ended December 31,
 2021 20202019
 (In thousands)
Operating lease cost, primarily classified within "General and administrative"(1)
$870,779 $751,002 $143,954 
 
Finance lease costs
Interest expense(2)
$2,354 $(21,320)$1,164 
Amortization expense73,475 70,476 13,341 
Total finance lease costs$75,829 $49,156 $14,505 

(1)The Bellagio lease and the Mandalay Bay and MGM Grand Las Vegas lease are held with related parties, as further discussed in Note 18. Operating lease cost includes $331 million for each of the years ended December 31, 2021 and 2020, and $42 million for the year ended December 31, 2019, related to the Bellagio lease. Operating lease cost includes $395 million, $347 million, and $0 for the years ended December 31, 2021, 2020, and December 31, 2019, respectively, related to the Mandalay Bay and MGM Grand Las Vegas lease.
(2)For the years ended December 31, 2021 and 2020, interest expense includes the effect of COVID-19 related rent concessions, which was recognized as negative variable rent expense.
Schedule of Supplemental Balance Sheet Information Related to Leases
 December 31,
 20212020
Supplemental balance sheet information(In thousands)
Operating leases  
Operating lease right-of-use assets, net(1)
$11,492,805$8,286,694
Operating lease liabilities - current, classified within "Other accrued liabilities"
$31,706$31,843
Operating lease liabilities - long-term(2)
11,802,4648,390,117
Total operating lease liabilities$11,834,170$8,421,960
 
Finance leases
Finance lease right-of-use assets, net, classified within "Property and equipment, net"
$151,909$200,980
Finance lease liabilities - current, classified within "Other accrued liabilities"
$87,665$80,193
Finance lease liabilities - long-term, classified within "Other long-term obligations"
75,560134,287
Total finance lease liabilities$163,225$214,480
 
Weighted average remaining lease term (years)
Operating leases2930
Finance leases23
 
Weighted average discount rate (%)
Operating leases7 8 
Finance leases3 3 

(1)As of December 31, 2021 and 2020, operating lease right-of-use assets, net included $3.6 billion and $3.7 billion related to the Bellagio lease, respectively and $4.0 billion related to the Mandalay Bay and MGM Grand Las Vegas lease for each of the respective periods.
(2)As of December 31, 2021 and 2020, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease for each of the respective periods, and $4.2 billion and $4.1 billion related to the Mandalay Bay and MGM Grand Las Vegas lease, respectively.
Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities and ROU Assets Obtained in Exchange for New Lease Liabilities
 
Year Ended December 31,
 2021 20202019
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$669,681 $572,186 $117,072 
Operating cash outflows from finance leases4,761 2,956 1,164 
Financing cash outflows from finance leases(1)
73,257 34,494 10,311 
 
ROU assets obtained in exchange for new lease liabilities
Operating leases$3,388,120 $4,120,955 $3,814,115 
Finance leases24,433 177,085 84,934 

(1)Included within “Other” within cash flows from financing activities on the consolidated statements of cash flows.
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31,
(In thousands)
2022$838,062 $90,633 
2023850,305 73,568 
2024862,796 1,747 
2025876,046 1,253 
2026885,863 24 
Thereafter26,660,145 — 
Total future minimum lease payments30,973,217 167,225 
Less: Amount of lease payments representing interest(19,139,047)(4,000)
Present value of future minimum lease payments11,834,170 163,225 
Less: Current portion(31,706)(87,665)
Long-term portion of lease liabilities$11,802,464 $75,560