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LEASES (Tables)
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
 2024202320242023
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$575,293 $575,112 $1,725,494 $1,731,572 
Finance lease costs
Interest expense$8,891 $2,484 $27,701 $7,005 
Amortization expense14,755 17,030 40,711 51,869 
Total finance lease costs$23,646 $19,514 $68,412 $58,874 
(1)Operating lease cost includes $83 million for each of the three months ended September 30, 2024 and 2023 and $248 million for each of the nine months ended September 30, 2024 and 2023 related to the Bellagio lease, which is held with a related party.
 Nine Months Ended
September 30,
 20242023
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$1,377,717 $1,350,828 
Operating cash outflows from finance leases11,389 4,917 
Financing cash outflows from finance leases(1)
38,745 53,211 
ROU assets obtained in exchange for new lease liabilities
Operating leases$5,079 $12,347 
Finance leases272,878 518 
(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,
2024
December 31,
2023
(In thousands)
Operating leases
Operating lease ROU assets, net(1)
$23,658,647 $24,027,465 
Operating lease liabilities - current, classified within “Other accrued liabilities”
$88,364 $74,988 
Operating lease liabilities - long-term(2)
25,092,217 25,127,464 
Total operating lease liabilities$25,180,581 $25,202,452 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$320,200 $85,783 
Finance lease liabilities - current, classified within “Other accrued liabilities”
$71,455 $9,166 
Finance lease liabilities - long-term, classified within “Other long-term obligations”
259,464 85,391 
Total finance lease liabilities$330,919 $94,557 
Weighted average remaining lease term (years)
Operating leases2525
Finance leases822
Weighted average discount rate (%)
Operating leases
Finance leases
(1)As of September 30, 2024 and December 31, 2023, operating lease right-of-use assets, net included $3.4 billion and $3.5 billion related to the Bellagio lease, respectively.
(2)As of September 30, 2024 and December 31, 2023, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease. As of September 30, 2024, operating lease liabilities – current included $2 million related to the Bellagio lease.
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 nine months ended September 30, 2024)$459,142 $25,229 
20251,864,318 84,460 
20261,889,911 81,026 
20271,917,382 80,708 
20281,945,374 29,445 
Thereafter48,944,154 128,248 
Total future minimum lease payments57,020,281 429,116 
Less: Amount of lease payments representing interest(31,839,700)(98,197)
Present value of future minimum lease payments25,180,581 330,919 
Less: Current portion(88,364)(71,455)
Long-term portion of lease liabilities$25,092,217 $259,464 
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 nine months ended September 30, 2024)$459,142 $25,229 
20251,864,318 84,460 
20261,889,911 81,026 
20271,917,382 80,708 
20281,945,374 29,445 
Thereafter48,944,154 128,248 
Total future minimum lease payments57,020,281 429,116 
Less: Amount of lease payments representing interest(31,839,700)(98,197)
Present value of future minimum lease payments25,180,581 330,919 
Less: Current portion(88,364)(71,455)
Long-term portion of lease liabilities$25,092,217 $259,464