XML 64 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Costs
 
Year Ended December 31,
 2024 20232022
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$2,300,373 $2,306,640 $1,986,853 
 
Finance lease costs
Interest expense
$32,251 $9,899 $9,233 
Amortization expense58,845 65,629 76,039 
Total finance lease costs$91,096 $75,528 $85,272 
(1)Operating lease cost includes $331 million for each of the years ended December 31, 2024, 2023, and 2022, related to the Bellagio lease, which is held with a related party.
 
Year Ended December 31,
 2024 20232022
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$1,833,022 $1,802,577 $1,535,637 
Operating cash outflows from finance leases15,939 6,332 6,654 
Financing cash outflows from finance leases(1)
54,798 71,611 84,139 
 
ROU assets obtained in exchange for new lease liabilities
Operating leases$6,658 $15,089 $15,538,208 
Finance leases275,455 3,073 87,856 
(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,
 20242023
(In thousands)
Operating leases  
Operating lease ROU assets, net(1)
$23,532,287$24,027,465
Operating lease liabilities - current, classified within “Other accrued liabilities”
$98,021$74,988
Operating lease liabilities - long-term(2)
25,076,13925,127,464
Total operating lease liabilities$25,174,160$25,202,452
 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$304,645$85,783
Finance lease liabilities - current, classified within “Other accrued liabilities”
$74,191$9,166
Finance lease liabilities - long-term, classified within “Other long-term obligations”
243,25685,391
Total finance lease liabilities$317,447$94,557
 
Weighted average remaining lease term (years)
Operating leases2425
Finance leases822
 
Weighted average discount rate (%)
Operating leases7 7 
Finance leases6 6 
(1)As of December 31, 2024 and 2023, operating lease ROU assets, net included $3.4 billion and $3.5 billion related to the Bellagio lease, respectively.
(2)As of December 31, 2024 and 2023, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease. As of December 31, 2024, operating lease liabilities – current included $3 million 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)
2025$1,869,121 $89,936 
20261,890,132 81,782 
20271,918,449 81,371 
20281,945,486 29,445 
20291,972,177 7,046 
Thereafter46,972,294 121,202 
Total future minimum lease payments56,567,659 410,782 
Less: Amount of lease payments representing interest(31,393,499)(93,335)
Present value of future minimum lease payments25,174,160 317,447 
Less: Current portion(98,021)(74,191)
Long-term portion of lease liabilities$25,076,139 $243,256 
Schedule of Operating Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31,
(In thousands)
2025$1,869,121 $89,936 
20261,890,132 81,782 
20271,918,449 81,371 
20281,945,486 29,445 
20291,972,177 7,046 
Thereafter46,972,294 121,202 
Total future minimum lease payments56,567,659 410,782 
Less: Amount of lease payments representing interest(31,393,499)(93,335)
Present value of future minimum lease payments25,174,160 317,447 
Less: Current portion(98,021)(74,191)
Long-term portion of lease liabilities$25,076,139 $243,256