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Property and Equipment
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
(In millions)June 30, 2023December 31, 2022
Land$2,088 $2,092 
Buildings, riverboats, and leasehold and land improvements13,364 13,094 
Furniture, fixtures, and equipment2,241 2,054 
Construction in progress474 351 
Total property and equipment18,167 17,591 
Less: accumulated depreciation(3,534)(2,993)
Total property and equipment, net$14,633 $14,598 
A portion of our property and equipment is subject to various operating leases for which we are the lessor. Leased property includes our hotel rooms, convention space and retail space through various short-term and long-term operating leases.
Depreciation Expense
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2023202220232022
Depreciation expense$287 $255 $551 $498 
Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the related lease.