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LEASES (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Components of Lease Costs
Other information. Components of lease costs and other information related to the Company’s leases are:
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2023202220232022
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$575,112 $615,137 $1,731,572 $1,375,973 
Finance lease costs
Interest expense$2,484 $2,037 $7,005 $4,741 
Amortization expense17,030 18,406 51,869 58,056 
Total finance lease costs$19,514 $20,443 $58,874 $62,797 
(1)Operating lease cost includes $83 million for each of the three months ended September 30, 2023 and 2022 and $248 million for each of the nine months ended September 30, 2023 and 2022 related to the Bellagio lease, which is held with a related party.
 Nine Months Ended
September 30,
 20232022
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$1,350,828 $1,065,498 
Operating cash outflows from finance leases4,917 4,746 
Financing cash outflows from finance leases(1)
53,211 69,663 
ROU assets obtained in exchange for new lease liabilities
Operating leases$12,347 $15,538,156 
Finance leases518 87,840 
(1)Included within “Other” within “Cash flows from financing activities” on the consolidated statements of cash flows.
Schedule of Supplemental Balance Sheet Information Related to Leases
 September 30,
2023
December 31,
2022
(In thousands)
Operating leases
Operating lease ROU assets, net(1)
$24,150,291 $24,530,929 
Operating lease liabilities - current, classified within “Other accrued liabilities”
$73,112 $53,981 
Operating lease liabilities - long-term(2)
25,129,233 25,149,299 
Total operating lease liabilities$25,202,345 $25,203,280 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$99,211 $150,571 
Finance lease liabilities - current, classified within “Other accrued liabilities”
$24,502 $72,420 
Finance lease liabilities - long-term, classified within “Other long-term obligations”
86,618 88,181 
Total finance lease liabilities$111,120 $160,601 
Weighted average remaining lease term (years)
Operating leases2626
Finance leases2014
Weighted average discount rate (%)
Operating leases
Finance leases
(1)As of September 30, 2023 and December 31, 2022, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease.
(2)As of September 30, 2023 and December 31, 2022, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease.
Schedule of Finance Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2023 (excluding the nine months ended September 30, 2023)$454,089 $23,892 
20241,829,983 8,882 
20251,858,146 8,379 
20261,884,697 7,144 
2027839,668 7,116 
Thereafter51,958,061 135,230 
Total future minimum lease payments58,824,644 190,643 
Less: Amount of lease payments representing interest(33,622,299)(79,523)
Present value of future minimum lease payments25,202,345 111,120 
Less: Current portion(73,112)(24,502)
Long-term portion of lease liabilities$25,129,233 $86,618 
Schedule of Operating Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2023 (excluding the nine months ended September 30, 2023)$454,089 $23,892 
20241,829,983 8,882 
20251,858,146 8,379 
20261,884,697 7,144 
2027839,668 7,116 
Thereafter51,958,061 135,230 
Total future minimum lease payments58,824,644 190,643 
Less: Amount of lease payments representing interest(33,622,299)(79,523)
Present value of future minimum lease payments25,202,345 111,120 
Less: Current portion(73,112)(24,502)
Long-term portion of lease liabilities$25,129,233 $86,618