XML 75 R55.htm IDEA: XBRL DOCUMENT v3.22.4
Discontinued Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
[1]
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
[1]
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net income (loss) from discontinued operations $ (5) $ (1) $ (3) $ 2,907 $ 118 $ 99 $ 38 $ (62) $ 2,898 $ 193 $ (243)
Discontinued Operations, Disposed of by Sale | Las Vegas Operating Properties [Member]                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Cash and cash equivalents         55         55  
Accounts receivable, net of provision for credit losses of $58         126         126  
Inventories         9         9  
Prepaid expenses and other         23         23  
Property and equipment, net         2,864         2,864  
Other assets, net         226         226  
Total held for sale assets         3,303         3,303  
Accounts payable         24         24  
Construction payables         8         8  
Other accrued liabilities         318         318  
Long-term debt         2         2  
Deferred amounts related to mall sale transactions         338         338  
Other long-term liabilities         131         131  
Total held for sale liabilities         821         821  
Accounts receivable, provision for credit loss         $ 58         58  
Net revenues                 228 [2] 1,271 672
Resort operations expenses                 107 [2] 626 490
Provision for credit losses                 3 [2] 13 12
General and administrative                 55 [2] 342 294
Corporate                 0 [2] 0 1
Depreciation and amortization                 0 [2] 25 163
Loss on disposal or impairment of assets                 0 [2] 6 7
Operating income (loss)                 63 [2] 259 (295)
Interest expense                 (2) [2] (13) (13)
Other expense [2]                 (3)    
Other income                   1 3
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax                 58 [2] 247 (305)
Gain on disposal of discontinued operations                 3,611 [2] 0 0
Adjustment to gain on disposal of discontinued operations(2)                 (9) [2],[3] 0 0
Income (loss) from discontinued operations before income tax                 3,660 [2] 247 (305)
Income tax (expense) benefit                 (762) [2] (54) 62
Net income (loss) from discontinued operations                 2,898 [2] 193 (243)
Disposal group, including discontinued operation, adjusted property EBITDA                 63 [2] 290 (124)
Discontinued Operations, Disposed of by Sale | Casino [Member] | Las Vegas Operating Properties [Member]                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net revenues                 61 [2] 443 228
Discontinued Operations, Disposed of by Sale | Rooms [Member] | Las Vegas Operating Properties [Member]                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net revenues                 78 [2] 454 218
Discontinued Operations, Disposed of by Sale | Food and Beverage [Member] | Las Vegas Operating Properties [Member]                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net revenues                 43 [2] 236 126
Discontinued Operations, Disposed of by Sale | Convention, Retail and Other [Member] | Las Vegas Operating Properties [Member]                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net revenues                 $ 46 [2] $ 138 $ 100
[1] During the first quarter of 2022, the Company closed the sale of the Las Vegas Operations and recorded a gain on the sale of $2.86 billion, net of tax. The Las Vegas Operations has been disclosed as a discontinued operation for all periods presented.
[2] Includes the Las Vegas Operations financial results for the period from January 1, 2022 through February 22, 2022.
[3] Primarily relates to the finalization of the working capital adjustment pursuant to the terms of the related agreements.