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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Costs Components of lease costs and other information related to the Company’s leases are:
 
Year Ended December 31,
 2023 20222021
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$2,306,640 $1,986,853 $870,779 
 
Finance lease costs
Interest expense(2)
$9,899 $9,233 $2,354 
Amortization expense65,629 76,039 73,475 
Total finance lease costs$75,528 $85,272 $75,829 
(1)Operating lease cost includes $331 million for each of the years ended December 31, 2023, 2022, and 2021, related to the Bellagio lease, which is held with a related party.
(2)For the year ended December 31, 2021, interest expense includes the effect of COVID-19 related rent concessions, which was recognized as negative variable rent expense.
 
Year Ended December 31,
 2023 20222021
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$1,802,577 $1,535,637 $669,681 
Operating cash outflows from finance leases6,332 6,654 4,761 
Financing cash outflows from finance leases(1)
71,611 84,139 73,257 
 
ROU assets obtained in exchange for new lease liabilities
Operating leases$15,089 $15,538,208 $3,388,120 
Finance leases3,073 87,856 24,433 
(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
 December 31,
 20232022
(In thousands)
Operating leases  
Operating lease ROU assets, net(1)
$24,027,465$24,530,929
Operating lease liabilities - current, classified within “Other accrued liabilities”
$74,988$53,981
Operating lease liabilities - long-term(2)
25,127,46425,149,299
Total operating lease liabilities$25,202,452$25,203,280
 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$85,783$150,571
Finance lease liabilities - current, classified within "Other accrued liabilities"
$9,166$72,420
Finance lease liabilities - long-term, classified within “Other long-term obligations”
85,39188,181
Total finance lease liabilities$94,557$160,601
 
Weighted average remaining lease term (years)
Operating leases2526
Finance leases2214
 
Weighted average discount rate (%)
Operating leases7 7 
Finance leases6 5 
(1)As of December 31, 2023 and 2022, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease for each of the respective periods.
(2)As of December 31, 2023 and 2022, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease for each of the respective periods.
Schedule of Finance Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31,
(In thousands)
2024$1,834,330 $15,835 
20251,859,882 9,733 
20261,886,090 7,158 
20271,913,782 7,116 
20281,941,940 7,036 
Thereafter48,942,392 128,194 
Total future minimum lease payments58,378,416 175,072 
Less: Amount of lease payments representing interest(33,175,964)(80,515)
Present value of future minimum lease payments25,202,452 94,557 
Less: Current portion(74,988)(9,166)
Long-term portion of lease liabilities$25,127,464 $85,391 
Schedule of Operating Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31,
(In thousands)
2024$1,834,330 $15,835 
20251,859,882 9,733 
20261,886,090 7,158 
20271,913,782 7,116 
20281,941,940 7,036 
Thereafter48,942,392 128,194 
Total future minimum lease payments58,378,416 175,072 
Less: Amount of lease payments representing interest(33,175,964)(80,515)
Present value of future minimum lease payments25,202,452 94,557 
Less: Current portion(74,988)(9,166)
Long-term portion of lease liabilities$25,127,464 $85,391