XML 63 R38.htm IDEA: XBRL DOCUMENT
v3.24.0.1

LONG-TERM DEBT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consisted of the following:
|  | December 31,
|  | 2023 |  | 2022
|  | (In thousands)
MGM China first revolving credit facility |  | $ | 371,300 |  |  | $ | 1,249,744 |
MGM China second revolving credit facility |  | — |  |  | 224,313 |
LeoVegas senior notes, due 2023 |  | — |  |  | 36,580 |
6% senior notes, due 2023 |  | — |  |  | 1,250,000 |
5.375% MGM China senior notes, due 2024 |  | 750,000 |  |  | 750,000 |
6.75% senior notes, due 2025 |  | 750,000 |  |  | 750,000 |
5.75% senior notes, due 2025 |  | 675,000 |  |  | 675,000 |
5.25% MGM China senior notes, due 2025 |  | 500,000 |  |  | 500,000 |
5.875% MGM China senior notes, due 2026 |  | 750,000 |  |  | 750,000 |
4.625% senior notes, due 2026 |  | 400,000 |  |  | 400,000 |
5.5% senior notes, due 2027 |  | 675,000 |  |  | 675,000 |
4.75% MGM China senior notes, due 2027 |  | 750,000 |  |  | 750,000 |
4.75% senior notes, due 2028 |  | 750,000 |  |  | 750,000 |
7% debentures, due 2036 |  | 552 |  |  | 552 |
|  | 6,371,852 |  |  | 8,761,189 |
Less: Premiums, discounts, and unamortized debt issuance costs, net |  | (28,042) |  |  | (41,899) |
|  | 6,343,810 |  |  | 8,719,290 |
Less: Current portion |  | — |  |  | (1,286,473) |
|  | $ | 6,343,810 |  |  | $ | 7,432,817 |
Schedule of Interest Expense, Net | Interest expense, net consisted of the following:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (In thousands)
Total interest incurred |  | $ | 463,175 |  |  | $ | 595,692 |  |  | $ | 800,156 |
Interest capitalized |  | (2,882) |  | (738) |  | (563)
|  | $ | 460,293 |  |  | $ | 594,954 |  |  | $ | 799,593 |
Schedule of Maturities of Long-Term Debt | The maturities of the principal amount of the Company’s long-term debt as of December 31, 2023 are as follows:
Year ending December 31, |  | (In thousands)
2024 |  | $ | 750,000 |
2025 |  | 1,925,000 |
2026 |  | 1,521,300 |
2027 |  | 1,425,000 |
2028 |  | 750,000 |
Thereafter |  | 552 |
|  | $ | 6,371,852 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration