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LEASES (Tables)
6 Months Ended
Jun. 30, 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 are:

 Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$488,987 $198,963 $760,836 $397,954 
Finance lease costs
Interest expense(2)
$1,811 $(396)$2,704 $(1,052)
Amortization expense19,493 17,672 39,650 35,486 
Total finance lease costs$21,304 $17,276 $42,354 $34,434 
(1)The Bellagio lease is held with a related party, as further discussed in Note 14. Operating lease cost includes $83 million for each of the three months ended June 30, 2022 and 2021 and $166 million for each of the six months ended June 30, 2022 and 2021 related to the Bellagio lease.
(2)For the three and six months ended June 30, 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
 June 30,
2022
December 31,
2021
Supplemental balance sheet information (In thousands)
Operating leases
Operating lease right-of-use assets, net(1)
$24,773,652 $11,492,805 
Operating lease liabilities - current, classified within “Other accrued liabilities”$46,143 $31,706 
Operating lease liabilities - long-term(2)
25,135,947 11,802,464 
Total operating lease liabilities$25,182,090 $11,834,170 
Finance leases
Finance lease right-of-use assets, net classified within “Property and equipment, net”$186,930 $151,909 
Finance lease liabilities - current, classified within “Other accrued liabilities”$73,034 $87,665 
Finance lease liabilities - long-term, classified within “Other long-term obligations”121,758 75,560 
Total finance lease liabilities$194,792 $163,225 
Weighted-average remaining lease term (years)
Operating leases2729
Finance leases122
Weighted-average discount rate (%)
Operating leases
Finance leases
(1)As of June 30, 2022 and December 31, 2021, operating lease right-of-use assets, net included $3.6 billion related to the Bellagio lease.
(2)As of June 30, 2022 and December 31, 2021, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease.
Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities and ROU Assets Obtained in Exchange for New Lease Liabilities
 Six Months Ended
June 30,
 20222021
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$588,690 $309,321 
Operating cash outflows from finance leases2,686 2,576 
Financing cash outflows from finance leases(1)
43,628 35,194 
ROU assets obtained in exchange for new lease liabilities
Operating leases$15,528,718 $1,651 
Finance leases87,840 — 
(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 six months ended June 30, 2022)$882,530 $44,610 
20231,792,609 72,205 
20241,822,890 8,752 
20251,853,797 8,250 
20261,882,773 7,016 
Thereafter52,805,081 142,179 
Total future minimum lease payments61,039,680 283,012 
Less: Amount of lease payments representing interest(35,857,590)(88,220)
Present value of future minimum lease payments25,182,090 194,792 
Less: Current portion(46,143)(73,034)
Long-term portion of lease liabilities$25,135,947 $121,758 
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 six months ended June 30, 2022)$882,530 $44,610 
20231,792,609 72,205 
20241,822,890 8,752 
20251,853,797 8,250 
20261,882,773 7,016 
Thereafter52,805,081 142,179 
Total future minimum lease payments61,039,680 283,012 
Less: Amount of lease payments representing interest(35,857,590)(88,220)
Present value of future minimum lease payments25,182,090 194,792 
Less: Current portion(46,143)(73,034)
Long-term portion of lease liabilities$25,135,947 $121,758