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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
(In millions)March 31, 2024December 31, 2023
Land$2,088 $2,088 
Buildings, riverboats, and leasehold and land improvements13,622 13,543 
Furniture, fixtures, and equipment2,484 2,409 
Construction in progress932 762 
Total property and equipment19,126 18,802 
Less: accumulated depreciation(4,323)(4,046)
Total property and equipment, net$14,803 $14,756 
A portion of our property and equipment is subject to various operating leases for which we are the lessor. Leased property includes our hotel rooms, convention space and retail space through various short-term and long-term operating leases.
Depreciation Expense
Three Months Ended March 31,
(In millions)20242023
Depreciation expense$291 $264 
Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the related lease.