v3.26.1
LEASES - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Operating leases    
Operating lease ROU assets, net $ 21,659,125 $ 23,002,707
Operating lease liabilities - current, location Other accrued liabilities Other accrued liabilities
Operating lease liabilities - current, classified within “Other accrued liabilities” $ 99,076 $ 106,005
Operating lease liabilities - long-term 23,778,515 24,962,742
Total operating lease liabilities $ 23,877,591 $ 25,068,747
Finance leases    
Finance lease ROU assets, net, location Property and equipment, net Property and equipment, net
Finance lease ROU assets, net, classified within “Property and equipment, net” $ 195,963 $ 236,861
Finance lease liabilities - current, location Other accrued liabilities Other accrued liabilities
Finance lease liabilities - current, classified within “Other accrued liabilities” $ 72,981 $ 76,913
Finance lease liabilities - long-term, location Other long-term obligations Other long-term obligations
Finance lease liabilities - long-term, classified within “Other long-term obligations” $ 139,675 $ 178,053
Total finance lease liabilities $ 212,656 $ 254,966
Weighted average remaining lease term (years)    
Operating leases 23 years 23 years
Finance leases 9 years 9 years
Weighted average discount rate (%)    
Operating leases 7.00% 7.00%
Finance leases 6.00% 6.00%
Bellagio    
Operating leases    
Operating lease ROU assets, net $ 3,300,000 $ 3,300,000
Operating lease liabilities - current, classified within “Other accrued liabilities” 12,000 9,000
Operating lease liabilities - long-term $ 3,800,000 $ 3,800,000