Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Estimated Useful Lives of Assets

Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows:

Land improvements, building and building improvements	10	to	50	years
Furniture, fixtures and equipment	3	to	20	years
Leasehold improvements	3	to	15	years
Transportation	5	to	20	years

Contract and Contract Related Liabilities

The following table summarizes the liability activity related to contracts with customers:

	Outstanding Chip Liability				Loyalty Program Liability				Customer Deposits and Other Deferred Revenue(1)
	2021		2020		2021		2020		2021		2020
	(In millions)
Balance at January 1	$	197	$	510	$	62	$	63	$	633	$	591
Balance at December 31	74		197		61		62		618		633
Increase (decrease)(2)	$	(123)	$	(313)	$	(1)	$	(1)	$	(15)	$	42

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(1)Of this amount, $145 million, $152 million and $154 million as of December 31, 2021 and 2020 and January 1, 2020, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year.

(2)The decrease noted in outstanding chip liability in 2021 primarily resulted from the closure of fixed room junket operations in December 2021.

Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Share

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following:

	Year Ended December 31,
	2021	2020	2019
	(In millions)
Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share)	764	764	771
Potential dilution from stock options and restricted stock and stock units	—	—	—
Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share)	764	764	771
Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share	9	9	3