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Property and Equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
(In millions)September 30, 2022December 31, 2021
Land$2,092 $2,125 
Buildings, riverboats, and leasehold and land improvements12,827 12,433 
Furniture, fixtures, and equipment1,943 1,650 
Construction in progress470 395 
Total property and equipment17,332 16,603 
Less: accumulated depreciation(2,740)(2,002)
Total property and equipment, net$14,592 $14,601 
Our property and equipment are subject to various operating leases for which we are the lessor. We lease our property and equipment related to our hotel rooms, convention space and retail space through various short-term and long-term operating leases.
Depreciation Expense
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2022202120222021
Depreciation expense$260 $237 $758 $746 
Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the related lease.