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LEASES (Tables)
3 Months Ended
Mar. 31, 2024
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
March 31,
 20242023
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$574,943 $580,988 
Finance lease costs
Interest expense$8,884 $1,414 
Amortization expense12,896 17,526 
Total finance lease costs$21,780 $18,940 
(1)Operating lease cost includes $83 million for each of the three months ended March 31, 2024 and 2023 related to the Bellagio lease, which is held with a related party.
 Three Months Ended
March 31,
 20242023
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$456,382 $453,480 
Operating cash outflows from finance leases3,817 1,787 
Financing cash outflows from finance leases(1)
14,309 21,119 
ROU assets obtained in exchange for new lease liabilities
Operating leases$3,072 $4,581 
Finance leases186,197 — 
(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
 March 31,
2024
December 31,
2023
(In thousands)
Operating leases
Operating lease ROU assets, net(1)
$23,901,023 $24,027,465 
Operating lease liabilities - current, classified within “Other accrued liabilities”
$78,614 $74,988 
Operating lease liabilities - long-term(2)
25,115,883 25,127,464 
Total operating lease liabilities$25,194,497 $25,202,452 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$261,302 $85,783 
Finance lease liabilities - current, classified within “Other accrued liabilities”
$51,382 $9,166 
Finance lease liabilities - long-term, classified within “Other long-term obligations”
217,257 85,391 
Total finance lease liabilities$268,639 $94,557 
Weighted average remaining lease term (years)
Operating leases2525
Finance leases1022
Weighted average discount rate (%)
Operating leases
Finance leases
(1)As of March 31, 2024 and December 31, 2023, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease.
(2)As of March 31, 2024 and December 31, 2023, 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)
2024 (excluding the three months ended March 31, 2024)$1,379,997 $49,601 
20251,860,924 61,777 
20261,886,070 58,347 
20271,913,779 58,154 
20281,941,940 7,036 
Thereafter48,942,391 128,194 
Total future minimum lease payments57,925,101 363,109 
Less: Amount of lease payments representing interest(32,730,604)(94,470)
Present value of future minimum lease payments25,194,497 268,639 
Less: Current portion(78,614)(51,382)
Long-term portion of lease liabilities$25,115,883 $217,257 
Schedule of Operating Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2024 (excluding the three months ended March 31, 2024)$1,379,997 $49,601 
20251,860,924 61,777 
20261,886,070 58,347 
20271,913,779 58,154 
20281,941,940 7,036 
Thereafter48,942,391 128,194 
Total future minimum lease payments57,925,101 363,109 
Less: Amount of lease payments representing interest(32,730,604)(94,470)
Present value of future minimum lease payments25,194,497 268,639 
Less: Current portion(78,614)(51,382)
Long-term portion of lease liabilities$25,115,883 $217,257