Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table represents summarized balance sheet information of assets and liabilities of the discontinued operation:

	December 31, 2021
	(In millions)
Cash and cash equivalents	$	55
Accounts receivable, net of provision for credit losses of $58	126
Inventories	9
Prepaid expenses and other	23
Property and equipment, net	2,864
Other assets, net	226
Total held for sale assets in the balance sheet	$	3,303
Accounts payable	$	24
Construction payables	8
Other accrued liabilities	318
Long-term debt	2
Deferred amounts related to mall sale transactions	338
Other long-term liabilities	131
Total held for sale liabilities in the balance sheet	$	821

The following table represents summarized income statement information of discontinued operations:

	Year Ended December 31,
	2022(1)		2021		2020
	(In millions)
Revenues:
Casino	$	61	$	443	$	228
Rooms	78		454		218
Food and beverage	43		236		126
Convention, retail and other	46		138		100
Net revenues	228		1,271		672
Resort operations expenses	107		626		490
Provision for credit losses	3		13		12
General and administrative	55		342		294
Corporate	—		—		1
Depreciation and amortization	—		25		163
Loss on disposal or impairment of assets	—		6		7
Operating income (loss)	63		259		(295)
Interest expense	(2)		(13)		(13)
Other income (expense)	(3)		1		3
Income (loss) from operations of discontinued operations	58		247		(305)
Gain on disposal of discontinued operations	3,611		—		—
Adjustment to gain on disposal of discontinued operations(2)	(9)		—		—
Income (loss) from discontinued operations, before income tax	3,660		247		(305)
Income tax (expense) benefit	(762)		(54)		62
Net income (loss) from discontinued operations presented in the statement of operations	$	2,898	$	193	$	(243)
Adjusted Property EBITDA	$	63	$	290	$	(124)

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(1)    Includes the Las Vegas Operations financial results for the period from January 1, 2022 through February 22, 2022.

(2)    Primarily relates to the finalization of the working capital adjustment pursuant to the terms of the related agreements.