XML 29 R17.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accounts Receivable, Net and Customer Contract Related Liabilities (Tables)
3 Months Ended
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of accounts, notes, loans and financing receivable
Accounts receivable consists of the following:
March 31,
2024
December 31,
2023
(In millions)
Casino
$514 $483 
Rooms
28 33 
Mall
44 126 
Other
40 43 
626 685 
Less - provision for credit losses
(206)(201)
$420 $484 
Accounts receivable, provision for credit losses
The following table shows the movement in the provision for credit losses recognized for accounts receivable:
20242023
(In millions)
Balance at January 1$201 $217 
Current period provision for (recovery of) credit losses
11 (6)
Write-offs(4)(2)
Exchange rate impact
(2)— 
Balance at March 31
$206 $209 
Customer contract related liabilities
The following table summarizes the liability activity related to contracts with customers:
Outstanding Chip LiabilityLoyalty Program Liability
Customer Deposits and Other Deferred Revenue(1)
202420232024202320242023
(In millions)
Balance at January 1$135 $81 $45 $72 $690 $614 
Balance at March 31
83 89 45 68 705 624 
Increase (decrease)$(52)$$— $(4)$15 $10 
____________________
(1)Of this amount, $166 million and $167 million as of March 31 and January 1, 2024, respectively, and $152 million and $149 million as of March 31 and January 1, 2023, respectively, related to mall deposits that are accounted for based on lease terms usually greater than one year.