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LEASES (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Costs
Other information. Components of lease costs and other information related to the Company’s leases are:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2024202320242023
 (In thousands)
Operating lease cost, primarily classified within “General and administrative”(1)
$575,258 $575,472 $1,150,201 $1,156,460 
Finance lease costs
Interest expense$9,926 $3,107 $18,810 $4,521 
Amortization expense13,060 17,313 25,956 34,839 
Total finance lease costs$22,986 $20,420 $44,766 $39,360 
(1)Operating lease cost includes $83 million for each of the three months ended June 30, 2024 and 2023 and $166 million for each of the six months ended June 30, 2024 and 2023 related to the Bellagio lease, which is held with a related party.
 Six Months Ended
June 30,
 20242023
Cash paid for amounts included in the measurement of lease liabilities(In thousands)
Operating cash outflows from operating leases$916,403 $904,726 
Operating cash outflows from finance leases7,471 3,395 
Financing cash outflows from finance leases(1)
22,536 34,773 
ROU assets obtained in exchange for new lease liabilities
Operating leases$3,351 $11,245 
Finance leases186,924 518 
(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
 June 30,
2024
December 31,
2023
(In thousands)
Operating leases
Operating lease ROU assets, net(1)
$23,785,252 $24,027,465 
Operating lease liabilities - current, classified within “Other accrued liabilities”
$83,235 $74,988 
Operating lease liabilities - long-term(2)
25,110,920 25,127,464 
Total operating lease liabilities$25,194,155 $25,202,452 
Finance leases
Finance lease ROU assets, net, classified within “Property and equipment, net”
$248,980 $85,783 
Finance lease liabilities - current, classified within “Other accrued liabilities”
$55,736 $9,166 
Finance lease liabilities - long-term, classified within “Other long-term obligations”
205,413 85,391 
Total finance lease liabilities$261,149 $94,557 
Weighted average remaining lease term (years)
Operating leases2525
Finance leases1022
Weighted average discount rate (%)
Operating leases
Finance leases
(1)As of June 30, 2024 and December 31, 2023, operating lease right-of-use assets, net included $3.4 billion and $3.5 billion related to the Bellagio lease, respectively.
(2)As of June 30, 2024 and December 31, 2023, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease. As of June 30, 2024, operating lease liabilities – current included $1 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)
2024 (excluding the six months ended June 30, 2024)$920,263 $37,835 
20251,863,649 61,968 
20261,889,504 58,536 
20271,917,105 58,306 
20281,945,255 7,165 
Thereafter48,944,106 128,248 
Total future minimum lease payments57,479,882 352,058 
Less: Amount of lease payments representing interest(32,285,727)(90,909)
Present value of future minimum lease payments25,194,155 261,149 
Less: Current portion(83,235)(55,736)
Long-term portion of lease liabilities$25,110,920 $205,413 
Schedule of Operating Lease Maturity
Maturities of lease liabilities were as follows:
 Operating Leases  Finance Leases
Year ending December 31, (In thousands)
2024 (excluding the six months ended June 30, 2024)$920,263 $37,835 
20251,863,649 61,968 
20261,889,504 58,536 
20271,917,105 58,306 
20281,945,255 7,165 
Thereafter48,944,106 128,248 
Total future minimum lease payments57,479,882 352,058 
Less: Amount of lease payments representing interest(32,285,727)(90,909)
Present value of future minimum lease payments25,194,155 261,149 
Less: Current portion(83,235)(55,736)
Long-term portion of lease liabilities$25,110,920 $205,413