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LEASES (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Components of Lease Costs and Other Information
Other information. Components of lease costs and other information related to the Company’s leases was:

 Three Months Ended
March 31,
 20222021
 (In thousands)
Operating lease cost, primarily classified within "General and administrative"(1)
$271,849 $198,991 
Finance lease costs
Interest expense(2)
$893 $(656)
Amortization expense20,157 17,814 
Total finance lease costs$21,050 $17,158 
(1)The Bellagio lease and the Mandalay Bay and MGM Grand Las Vegas lease are held with related parties, as further discussed in Note 12. Operating lease cost includes $83 million for each of the three months ended March 31, 2022 and 2021 related to the Bellagio lease. Operating lease cost includes $99 million for each of the three months ended March 31, 2022 and 2021 related to the Mandalay Bay and MGM Grand Las Vegas lease.
(2)For the three months ended March 31, 2021, 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
 March 31,
2022
December 31,
2021
Supplemental balance sheet information (In thousands)
Operating leases
Operating lease right-of-use assets, net(1)
$11,438,442 $11,492,805 
Operating lease liabilities - current, classified within "Other accrued liabilities"$31,806 $31,706 
Operating lease liabilities - long-term(2)
11,810,047 11,802,464 
Total operating lease liabilities$11,841,853 $11,834,170 
Finance leases
Finance lease right-of-use assets, net classified within "Property and equipment, net"$131,739 $151,909 
Finance lease liabilities - current, classified within "Other accrued liabilities"$82,975 $87,665 
Finance lease liabilities - long-term, classified within "Other long-term obligations"57,534 75,560 
Total finance lease liabilities$140,509 $163,225 
Weighted-average remaining lease term (years)
Operating leases2929
Finance leases22
Weighted-average discount rate (%)
Operating leases
Finance leases
(1)As of March 31, 2022 and December 31, 2021, operating lease right-of-use assets, net included $3.6 billion related to the Bellagio lease for each of the respective periods, and $3.9 billion and $4.0 billion related to the Mandalay Bay and MGM Grand Las Vegas lease, respectively.
(2)As of March 31, 2022 and December 31, 2021, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease for each of the respective periods, and $4.2 billion related to the Mandalay Bay and MGM Grand Las Vegas lease for each of the respective periods.
Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities and ROU Assets Obtained in Exchange for New Lease Liabilities
 Three Months Ended
March 31,
 20222021
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$211,326 $154,504 
Operating cash outflows from finance leases945 1,456 
Financing cash outflows from finance leases(1)
22,649 19,269 
ROU assets obtained in exchange for new lease liabilities
Operating leases$4,480 $— 
Finance leases— — 
(1)Included within “Other” within “Cash flows from financing activities” on the consolidated statements of cash flows.
Schedule of Operating Lease, Liability Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2022 (excluding the three months ended March 31, 2022)$628,471 $66,982 
2023852,445 73,564 
2024864,857 1,742 
2025876,986 1,250 
2026886,720 24 
Thereafter26,660,240 — 
Total future minimum lease payments30,769,719 143,562 
Less: Amount of lease payments representing interest(18,927,866)(3,053)
Present value of future minimum lease payments11,841,853 140,509 
Less: Current portion(31,806)(82,975)
Long-term portion of lease liabilities$11,810,047 $57,534 
Schedule of Finance Lease , Liability Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2022 (excluding the three months ended March 31, 2022)$628,471 $66,982 
2023852,445 73,564 
2024864,857 1,742 
2025876,986 1,250 
2026886,720 24 
Thereafter26,660,240 — 
Total future minimum lease payments30,769,719 143,562 
Less: Amount of lease payments representing interest(18,927,866)(3,053)
Present value of future minimum lease payments11,841,853 140,509 
Less: Current portion(31,806)(82,975)
Long-term portion of lease liabilities$11,810,047 $57,534