Las Vegas Sands (LVS) 10-Q 25 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 23, 2019
Cover page.
Document type	10-Q
Document quarterly report	true
Document period end date	Sep. 30, 2019
Document transition report	false
Entity file number	001-32373
Entity registrant name	LAS VEGAS SANDS CORP.
Entity incorporation, state or country code	NV
Entity tax identification number	27-0099920
Entity address, address line one	3355 Las Vegas Boulevard South
Entity address, city	Las Vegas,
Entity address, state or province	NV
Entity address, postal zip code	89109
City area code	702
Local phone number	414-1000
Title of 12(b) security	Common Stock ($0.001 par value)
Trading symbol	LVS
Security exchange name	NYSE
Entity current reporting status	Yes
Entity interactive data current	Yes
Entity filer category	Large Accelerated Filer
Entity small business	false
Entity emerging growth company	false
Entity shell company	false
Entity common stock, shares outstanding		768,036,535
Entity central index key	0001300514
Current fiscal year end date	--12-31
Document fiscal year focus	2019
Document fiscal period focus	Q3
Amendment flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 3,817	$ 4,648
Restricted cash and cash equivalents	15	13
Accounts receivable, net	757	726
Inventories	33	35
Prepaid expenses and other	186	144
Total current assets	4,808	5,566
Property and equipment, net	14,590	15,154
Deferred income taxes, net	288	368
Leasehold interests in land, net	2,239	1,198
Intangible assets, net	45	72
Other assets, net	457	189
Total assets	22,427	22,547
Current liabilities:
Accounts payable	170	178
Construction payables	315	189
Other accrued liabilities	2,224	2,435
Income taxes payable	229	244
Current maturities of long-term debt	66	111
Total current liabilities	3,004	3,157
Other long-term liabilities	496	179
Deferred income taxes	184	191
Deferred amounts related to mall sale transactions	351	401
Long-term debt	11,877	11,874
Total liabilities	15,912	15,802
Commitments and contingencies (Note 6)
Equity:
Preferred stock, $0.001 par value, 50 shares authorized, zero shares issued and outstanding	0	0
Common stock, $0.001 par value, 1,000 shares authorized, 833 and 832 shares issued, 768 and 775 shares outstanding	1	1
Treasury stock, at cost, 65 and 57 shares	(4,181)	(3,727)
Capital in excess of par value	6,554	6,680
Accumulated other comprehensive loss	(74)	(40)
Retained earnings	3,059	2,770
Total Las Vegas Sands Corp. stockholders’ equity	5,359	5,684
Noncontrolling interests	1,156	1,061
Total equity	6,515	6,745
Total liabilities and equity	$ 22,427	$ 22,547

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50	50
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	833	832
Common stock, shares outstanding	768	775
Treasury stock, shares	65	57

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Net revenues	$ 3,250	$ 3,372	$ 10,230	$ 10,254
Operating expenses:
Provision for (recovery of) doubtful accounts	4	5	15	(4)
General and administrative	364	366	1,109	1,079
Corporate	59	55	262	144
Pre-opening	9	2	23	5
Development	4	4	13	9
Depreciation and amortization	284	284	874	822
Amortization of leasehold interests in land	14	8	37	26
Loss on disposal or impairment of assets	11	4	18	114
Total operating expenses	2,351	2,450	7,466	7,377
Operating income	899	922	2,764	2,877
Other income (expense):
Interest income	20	22	57	36
Interest expense, net of amounts capitalized	(137)	(126)	(421)	(308)
Other income (expense)	(7)	16	(8)	34
Gain on sale of Sands Bethlehem	0	0	556	0
Loss on modification or early retirement of debt	(24)	(52)	(24)	(55)
Income before income taxes	751	782	2,924	2,584
Income tax (expense) benefit	(82)	(83)	(403)	407
Net income	669	699	2,521	2,991
Net income attributable to noncontrolling interests	(136)	(128)	(452)	(408)
Net income attributable to Las Vegas Sands Corp.	$ 533	$ 571	$ 2,069	$ 2,583
Earnings per share:
Basic (in usd per share)	$ 0.69	$ 0.73	$ 2.68	$ 3.28
Diluted (in usd per share)	$ 0.69	$ 0.73	$ 2.68	$ 3.27
Weighted average shares outstanding:
Basic (in shares)	769	786	772	788
Diluted (in shares)	769	787	772	789
Casino [Member]
Revenues:
Net revenues	$ 2,321	$ 2,413	$ 7,343	$ 7,358
Operating expenses:
Cost of revenue	1,240	1,344	3,988	4,046
Rooms [Member]
Revenues:
Net revenues	439	435	1,318	1,298
Operating expenses:
Cost of revenue	109	109	332	330
Food and Beverage [Member]
Revenues:
Net revenues	199	195	655	642
Operating expenses:
Cost of revenue	162	159	514	499
Mall [Member]
Revenues:
Net revenues	175	170	501	490
Operating expenses:
Cost of revenue	19	19	54	54
Convention, Retail and Other [Member]
Revenues:
Net revenues	116	159	413	466
Operating expenses:
Cost of revenue	$ 72	$ 91	$ 227	$ 253

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 669	$ 699	$ 2,521	$ 2,991
Currency translation adjustment	(58)	12	(36)	(51)
Total comprehensive income	611	711	2,485	2,940
Comprehensive income attributable to noncontrolling interests	(133)	(132)	(450)	(407)
Comprehensive income attributable to Las Vegas Sands Corp.	$ 478	$ 579	$ 2,035	$ 2,533

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock [Member]	Capital in Excess of Par Value [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2017	$ 7,627	$ 1	$ (2,818)	$ 6,580	$ 14	$ 2,709	$ 1,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,991					2,583	408
Currency translation adjustment	(51)				(50)		(1)
Exercise of stock options	78		(4)	73			9
Stock-based compensation	23			20			3
Repurchase of common stock	(475)		(475)
Dividends declared and noncontrolling interest payments (Note 4)	(2,395)					(1,771)	(624)
Ending balance at Sep. 30, 2018	7,798	1	(3,297)	6,673	(36)	3,521	936
Beginning balance at Jun. 30, 2018	7,962	1	(2,997)	6,660	(44)	3,538	804
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	699					571	128
Currency translation adjustment	12				8		4
Exercise of stock options	9			7			2
Stock-based compensation	7			6			1
Repurchase of common stock	(300)		(300)
Dividends declared and noncontrolling interest payments (Note 4)	(591)					(588)	(3)
Ending balance at Sep. 30, 2018	7,798	1	(3,297)	6,673	(36)	3,521	936
Beginning balance at Dec. 31, 2018	6,745	1	(3,727)	6,680	(40)	2,770	1,061
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,521					2,069	452
Currency translation adjustment	(36)				(34)		(2)
Exercise of stock options	44			35			9
Stock-based compensation	27			24			3
Disposition of interest in majority-owned subsidiary	81			(185)			266
Repurchase of common stock	(454)		(454)
Dividends declared and noncontrolling interest payments (Note 4)	(2,413)					(1,780)	(633)
Ending balance at Sep. 30, 2019	6,515	1	(4,181)	6,554	(74)	3,059	1,156
Beginning balance at Jun. 30, 2019	6,582	1	(4,081)	6,541	(19)	3,118	1,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	669					533	136
Currency translation adjustment	(58)				(55)		(3)
Exercise of stock options	5			5
Stock-based compensation	9			8			1
Repurchase of common stock	(100)		(100)
Dividends declared and noncontrolling interest payments (Note 4)	(592)					(592)
Ending balance at Sep. 30, 2019	$ 6,515	$ 1	$ (4,181)	$ 6,554	$ (74)	$ 3,059	$ 1,156

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	Sep. 26, 2019	Jun. 27, 2019	Mar. 28, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Common stock, dividends declared (in usd per share)	$ 0.77	$ 0.77	$ 0.77	$ 0.77	$ 0.75	$ 2.31	$ 2.25

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 2,521	$ 2,991
Adjustments to reconcile net income to net cash generated from operating activities:
Depreciation and amortization	874	822
Amortization of leasehold interests in land	37	26
Amortization of deferred financing costs and original issue discount	24	28
Amortization of deferred gain on mall sale transactions	(4)	(3)
Loss on modification or early retirement of debt	24	55
Loss on disposal or impairment of assets	11	114
Gain on sale of Sands Bethlehem	(556)	0
Stock-based compensation expense	26	23
Provision for (recovery of) doubtful accounts	15	(4)
Foreign exchange (gain) loss	9	(37)
Deferred income taxes	155	(642)
Changes in operating assets and liabilities:
Accounts receivable	(56)	(35)
Other assets	(60)	(13)
Leasehold interests in land	(969)	(15)
Accounts payable	(4)	(18)
Other liabilities	(251)	108
Net cash generated from operating activities	1,796	3,400
Cash flows from investing activities:
Net proceeds from sale of Sands Bethlehem	1,160	0
Capital expenditures	(756)	(623)
Proceeds from disposal of property and equipment	1	13
Acquisition of intangible assets	(53)	0
Net cash generated from (used in) investing activities	352	(610)
Cash flows from financing activities:
Proceeds from exercise of stock options	44	78
Repurchase of common stock	(454)	(475)
Dividends paid and noncontrolling interest payments	(2,413)	(2,395)
Proceeds from long-term debt (Note 2)	3,500	7,593
Repayments of long-term debt (Note 2)	(3,518)	(5,153)
Payments of financing costs	(127)	(93)
Net cash used in financing activities	(2,968)	(445)
Effect of exchange rate on cash, cash equivalents and restricted cash	(9)	10
Increase (decrease) in cash, cash equivalents and restricted cash	(829)	2,355
Cash, cash equivalents and restricted cash at beginning of period	4,661	2,430
Cash, cash equivalents and restricted cash at end of period	3,832	4,785
Supplemental disclosure of cash flow information:
Cash payments for interest, net of amounts capitalized	401	210
Cash payments for taxes, net of refunds	220	231
Change in construction payables	$ 126	$ 56

Organization and Business of Co

Organization and Business of Company	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business of Company	Organization and Business of Company The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K of Las Vegas Sands Corp. (“LVSC”), a Nevada corporation, and its subsidiaries (collectively the “Company”) for the year ended December 31, 2018 , and have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations; however, the Company believes the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, all adjustments and normal recurring accruals considered necessary for a fair statement of the results for the interim period have been included. The interim results reflected in the unaudited condensed consolidated financial statements are not necessarily indicative of expected results for the full year. On May 31, 2019, the Company closed the sale of Sands Bethlehem in Pennsylvania. At closing, the Company received $1.16 billion in net cash proceeds and recorded a gain on the sale of $556 million . As there is no continuing involvement between the Company and Sands Bethlehem, the Company accounted for the transaction as a sale of a business. The Company concluded Sands Bethlehem did not have a material impact on the Company’s overall operations or its consolidated financial results. In April 2019, the Company paid 72 million Singapore dollars (“SGD,” approximately $53 million at exchange rates in effect at the time of the transaction) to the Singapore Casino Regulatory Authority as part of the process to renew its gaming license at Marina Bay Sands, which gaming license now expires in April 2022 . In April 2019, the Company’s wholly owned subsidiary, Marina Bay Sands Pte. Ltd. (“MBS”), and the Singapore Tourism Board (the “STB”) entered into a development agreement (the “Development Agreement”) pursuant to which MBS will construct a development, which will include a hotel tower with a rooftop attraction, convention and meeting facilities and a state-of-the-art live entertainment arena with a seating capacity of at least 15,000 persons (the “MBS Expansion Project”). The Development Agreement provides for a total project cost of approximately SGD 4.5 billion (approximately $3.3 billion at exchange rates in effect on September 30, 2019 ). The amount of the total project cost will be finalized as the Company completes design and development and begins construction. In connection with the Development Agreement, MBS entered into a lease with the STB for the parcels of land underlying the project. In April 2019 and in connection with the lease, MBS provided various governmental agencies in Singapore the required premiums, deposits, stamp duty, goods and services tax and other fees in an aggregate amount of approximately SGD 1.54 billion (approximately $1.14 billion at exchange rates in effect at the time of the transaction). During the three months ended September 30, 2019, the Company amended its 2012 Singapore Credit Facility to provide for financing of the development and construction costs, fees and other expenses related to the MBS Expansion Project (see “Note 2 — Long-Term Debt”). Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update on leases, which requires all lessees to recognize right-of-use (“ROU”) assets and lease liabilities, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The standard also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of cash flows arising from leases. The Company adopted the new standard on January 1, 2019, on a prospective basis, forgoing comparative reporting. The Company elected to utilize the transition guidance within the new standard, which allows the Company to carryforward the historical lease classification. The Company elected to not separate lease and non-lease components for all classes of underlying assets in which it is the lessee and made an accounting policy election to not account for leases with an initial term of 12 months or less on the balance sheet. Adoption of the standard resulted in the recording of additional ROU assets and lease liabilities for operating leases of $337 million as of January 1, 2019. The adoption of this guidance did not have an impact on net income. (See disclosures at “Note 8 — Leases.”) In June 2016, the FASB issued an accounting standard update that revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. The guidance is effective for fiscal years beginning after December 15, 2019, including interim reporting periods within that reporting period, and should be applied on a modified retrospective basis, with early adoption permitted. The Company is currently assessing the effect the guidance will have on the Company’s financial condition and results of operations, but does not expect it will have a material impact.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: September 30, December 31, (In millions) Corporate and U.S. Related (1) : 3.200% Senior Notes due 2024 (net of unamortized original issue discount and deferred financing costs of $15) $ 1,735 $ — 3.500% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $12) 988 — 3.900% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing costs of $9) 741 — 2013 U.S. Credit Facility — Extended Term B (net of unamortized original issue discount and deferred financing costs of $21) — 3,464 HVAC Equipment Lease — 12 Macao Related (1) : 4.600% Senior Notes due 2023 (net of unamortized original issue discount and deferred financing costs of $12 and $14, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,803 1,791 5.125% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $14 and $16, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,801 1,789 5.400% Senior Notes due 2028 (net of unamortized original issue discount and deferred financing costs of $19 and $21, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,896 1,884 Other 15 4 Singapore Related (1) : 2012 Singapore Credit Facility — Term (net of unamortized deferred financing costs of $55 and $43, respectively) 2,964 3,041 11,943 11,985 Less — current maturities (66 ) (111 ) Total long-term debt $ 11,877 $ 11,874 ____________________ (1) Unamortized deferred financing costs of $103 million and $47 million as of September 30, 2019 and December 31, 2018 , respectively, related to the Company’s revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility. These amounts are included in other assets, net in the accompanying condensed consolidated balance sheets. LVSC Senior Notes On July 31, 2019, LVSC issued, in a public offering, three series of senior unsecured notes in an aggregate principal amount of $3.50 billion , consisting of $1.75 billion of 3.200% Senior Notes due August 8, 2024 (the “2024 LVSC Senior Notes”), $1.0 billion of 3.500% Senior Notes due August 18, 2026 (the “2026 LVSC Senior Notes”) and $750 million of 3.900% Senior Notes due August 8, 2029 (the “2029 LVSC Senior Notes” and, together with the 2024 LVSC Senior Notes and the 2026 LVSC Senior Notes, the “LVSC Senior Notes”). A portion of the net proceeds from the offering was used to repay in full the outstanding borrowings under the 2013 U.S. Credit Facility. There are no interim principal payments on the LVSC Senior Notes and interest is payable semi-annually in arrears on February 8 and August 8, commencing on February 8, 2020 , with respect to the 2024 LVSC Notes and 2029 LVSC Notes, and on February 18 and August 18, commencing on February 18, 2020 with respect to the 2026 Notes. The LVSC Senior Notes are senior unsecured obligations of LVSC. Each series of LVSC Senior Notes rank equally in right of payment with all of LVSC’s other unsecured and unsubordinated obligations, if any. None of LVSC’s subsidiaries guarantee the LVSC Senior Notes. The LVSC Senior Notes were issued pursuant to an indenture, dated July 31, 2019 (the “Indenture”), between LVSC and U.S. Bank National Association, as trustee. The Indenture contains covenants, subject to customary exceptions and qualifications, that limit the ability of LVSC and its subsidiaries to, among other things, incur liens, enter into sale and leaseback transactions and consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets on a consolidated basis. The Indenture also provides for customary events of default. LVSC Revolving Facility On August 9, 2019, LVSC entered into a revolving credit agreement with the arrangers and lenders named therein and The Bank of Nova Scotia, as administrative agent for the lenders (the “LVSC Revolving Credit Agreement”), pursuant to which the lenders provided unsecured, revolving credit commitments to LVSC in an aggregate principal amount of $1.50 billion (the “LVSC Revolving Facility”), which are available until August 9, 2024, and include a $150 million sub-facility for letters of credit. LVSC may utilize the proceeds of the loans for general corporate purposes and working capital requirements of LVSC and its subsidiaries and any other purpose not prohibited by the LVSC Revolving Credit Agreement. As of September 30, 2019, the Company had $1.50 billion of available borrowing capacity under the LVSC Revolving Facility, net of outstanding letters of credit. The revolving loans bear interest at the Company’s option, at either, an adjusted Eurodollar rate, plus an applicable margin ranging from 1.125% to 1.550% per annum, or at an alternative base rate, plus an applicable margin ranging from 0.125% to 0.550% per annum, in each case, based on LVSC’s corporate family credit rating. As of September 30, 2019, the applicable margin for revolving loans with reference to an adjusted Eurodollar rate is 1.4% per annum and the applicable margin for revolving loans with reference to an alternative base rate is 0.4% per annum. LVSC is also required to pay a quarterly commitment fee on the undrawn portion of the LVSC Revolving Facility, which commitment fee ranges from 0.125% to 0.250% per annum, based on the LVSC’s corporate family credit rating. As of September 30, 2019, the commitment fee was 0.200% per annum. The LVSC Revolving Credit Agreement contains customary affirmative and negative covenants for facilities of this type, subject to customary exceptions and thresholds that limit the ability of (a) LVSC and its restricted subsidiaries to, among other things, (i) incur liens, (ii) enter into sale and leaseback transactions and (iii) sell, lease, sub-lease or otherwise dispose of any core facility (as defined in the LVSC Revolving Credit Agreement), (b) certain restricted subsidiaries of LVSC to incur indebtedness and (c) LVSC to merge, consolidate, liquidate or sell all or substantially all of its assets. The LVSC Revolving Credit Agreement also requires LVSC to maintain a maximum consolidated leverage ratio of 4.0 x as of the last day of each fiscal quarter. The LVSC Revolving Credit Agreement also contains customary events of default, including payment defaults, cross defaults to material debt, bankruptcy and insolvency, breaches of covenants and inaccuracy of representations and warranties, subject to customary grace periods. 2013 U.S. Credit Facility As previously described, the proceeds from the LVSC Senior Notes were used to repay the outstanding borrowings under the 2013 U.S. Credit Facility and the facility was terminated. As a result, the Company recorded a $22 million loss on early retirement of debt during the three months ended September 30, 2019. 2018 SCL Credit Facility As of September 30, 2019 , the Company had $2.0 billion of available borrowing capacity under the 2018 SCL Revolving Facility. 2012 Singapore Credit Facility On August 30, 2019, MBS amended and restated its 2012 Singapore Credit Facility (the “Third Amendment and Restatement Agreement”). The Third Amendment and Restatement Agreement extended (a) the maturity date of the term loans under the 2012 Singapore Term Facility to August 31, 2026 , and (b) the termination date of the revolving credit commitments under the 2012 Singapore Revolving Facility to February 27, 2026 , and also increased the principal amount of revolving credit commitments by an additional SGD 250 million (approximately $181 million at exchange rates in effect on September 30, 2019 ) for a total aggregate principal amount of SGD 750 million (approximately $543 million at exchange rates in effect on September 30, 2019 ). As of September 30, 2019 , MBS had SGD 592 million (approximately $429 million at exchange rates in effect on September 30, 2019) of available borrowing capacity under the 2012 Singapore Revolving Facility, net of outstanding letters of credit, primarily consisting of a banker’s guarantee in connection with the MBS Expansion Project for SGD 153 million (approximately $111 million at exchange rates in effect on September 30, 2019 ). Under the Third Amendment and Restatement Agreement, certain lenders committed to provide a new delayed draw term loan facility (the “Singapore Delayed Draw Term Facility”) in an aggregate principal amount of SGD 3.75 billion (approximately $2.71 billion at exchange rates in effect on September 30, 2019 ), which will be available to MBS until December 30, 2024, to finance costs associated with the MBS Expansion Project. The loans borrowed under the Singapore Delayed Draw Term Facility will mature on August 31, 2026 . There were no loans borrowed under the Delayed Draw Term Facility as of September 30, 2019. As a result of the Third Amendment and Restatement Agreement, the Company recorded a $2 million loss on modification of debt during the three months ended September 30, 2019. The term loans under the 2012 Singapore Term Facility are subject to interim quarterly amortization payments, beginning with the fiscal quarter ending December 31, 2019, in an amount equal to (i) until and including the fiscal quarter ending September 30, 2024, 0.5% of the principal amount outstanding on June 30, 2019 (the “Term Facility Restatement Date”), (ii) for the fiscal quarter ending December 31, 2024, 3.0% of the principal amount outstanding on the Term Facility Restatement Date, (iii) for the fiscal quarters ending March 31, 2025 through September 30, 2025, 5.0% of the principal amount outstanding on the Term Facility Restatement Date, and (iv) for the fiscal quarters ending December 31, 2025 through June 30, 2026, 18.0% of the principal amount outstanding on the Term Facility Restatement Date. On the maturity date of August 31, 2026, MBS is required to repay all remaining amounts outstanding on the Singapore Term Facility. Loans under the Singapore Delayed Draw Term Facility are subject to interim quarterly amortization payments, beginning with the fiscal quarter ending March 31, 2025, in an amount equal to (i) until and including the fiscal quarter ending September 30, 2025, 5.0% of the principal amount outstanding on December 30, 2024 (the “Delayed Draw Term Facility Restatement Date”), and (ii) for each fiscal quarter from December 31, 2025, until and including June 30, 2026, 18.0% of the principal amount outstanding on the Delayed Draw Term Facility Restatement Date. On the maturity date of August 31, 2026, MBS is required to repay all remaining amounts outstanding on the Singapore Delayed Draw Term Facility. Under the Third Amendment and Restatement Agreement, outstanding loans bear interest at the Singapore Swap Offered Rate (“SOR”) plus an applicable margin that is fixed at 1.65% per annum until September 30, 2020, and will range from 1.15% to 1.85% per annum thereafter, based on MBS’s consolidated leverage ratio (interest rate set at approximately 3.2% as of September 30, 2019 ). Under the Third Amendment and Restatement Agreement, MBS must comply with a maximum consolidated leverage ratio of 4.5 x on the last day of each fiscal quarter from August 30, 2019 until twelve months following the date in which a temporary occupation permit is issued with respect to the MBS Expansion Project. Thereafter, MBS must comply with a maximum consolidated leverage ratio of 4.0 x as of the last day of each fiscal quarter. Debt Covenant Compliance As of September 30, 2019 , management believes the Company was in compliance with all debt covenants. Cash Flows from Financing Activities Cash flows from financing activities related to long-term debt and capital lease obligations are as follows: Nine Months Ended 2019 2018 (In millions) Proceeds from LVSC Senior Notes $ 3,500 $ — Proceeds from SCL Senior Notes — 5,500 Proceeds from 2013 U.S. Credit Facility — 1,347 Proceeds from 2016 VML Credit Facility — 746 $ 3,500 $ 7,593 Repayments on 2013 U.S. Credit Facility $ (3,484 ) $ (18 ) Repayments on 2012 Singapore Credit Facility (31 ) (49 ) Repayments on 2016 VML Credit Facility — (5,083 ) Repayments on HVAC Equipment Lease and Other Long-Term Debt (3 ) (3 ) $ (3,518 ) $ (5,153 ) Fair Value of Long-Term Debt The estimated fair value of the Company’s long-term debt as of September 30, 2019 and December 31, 2018 , was approximately $12.60 billion and $11.65 billion , respectively, compared to its contractual value of $12.02 billion and $12.08 billion , respectively. The estimated fair value of the Company’s long-term debt is based on level 2 inputs (quoted prices in markets that are not active).

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments In August 2018, the Company entered into interest rate swap agreements (the “IR Swaps”), which qualified and were designated as fair value hedges, swapping fixed-rate for variable-rate interest to hedge changes in the fair value of the SCL Senior Notes. These IR Swaps have a total notional value of $5.50 billion and expire in August 2020 . The total fair value of the IR Swaps as of September 30, 2019 , was $50 million . In the accompanying condensed consolidated balance sheet, $45 million was recorded as an asset in prepaid expenses and other with an equal corresponding adjustment recorded against the carrying value of the SCL Senior Notes. The fair value of the IR Swaps was estimated using level 2 inputs from recently reported market forecasts of interest rates. Gains and losses due to changes in fair value of the IR Swaps completely offset changes in the fair value of the hedged portion of the underlying debt. Additionally, for the three and nine months ended September 30, 2019 , the Company recorded a $7 million and $12 million reduction to interest expense, respectively, related to the realized amount associated with the IR Swaps, and for the three and nine months ended September 30, 2018 , the Company recorded a $4 million reduction to interest expense.

Equity and Earnings Per Share

Equity and Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Equity	Equity and Earnings Per Share Common Stock Dividends On March 28, June 27 and September 26, 2019 , the Company paid a dividend of $0.77 per common share as part of a regular cash dividend program. During the nine months ended September 30, 2019 , the Company recorded $1.78 billion as a distribution against retained earnings (of which $999 million related to the principal stockholder and his family and the remaining $781 million related to all other stockholders). In October 2019, the Company’s Board of Directors declared a quarterly dividend of $0.77 per common share (a total estimated to be approximately $591 million ) to be paid on December 26, 2019 , to stockholders of record on December 17, 2019 . Repurchase Program During the nine months ended September 30, 2019 , the Company repurchased 7,873,957 shares of its common stock for $454 million (including commissions) under the program. All share repurchases of the Company’s common stock have been recorded as treasury stock. Noncontrolling Interests On February 22 and June 21, 2019 , Sands China Ltd. (“SCL”) paid a dividend of 0.99 Hong Kong dollars (“HKD”) and HKD 1.00 per share, respectively, to SCL stockholders (a total of $2.05 billion , of which the Company retained $1.44 billion during the nine months ended September 30, 2019 ). During the nine months ended September 30, 2019 , the Company distributed $17 million to certain of its noncontrolling interests. Of this amount, $11 million related to payments to the Company’s minority interest partners to purchase their interests in connection with the sale of Sands Bethlehem.
Earnings Per Share	Earnings Per Share The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings per share consisted of the following: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Weighted-average common shares outstanding (used in the calculation of basic earnings per share) 769 786 772 788 Potential dilution from stock options and restricted stock and stock units — 1 — 1 Weighted-average common and common equivalent shares (used in the calculation of diluted earnings per share) 769 787 772 789 Antidilutive stock options excluded from the calculation of diluted earnings per share 3 2 3 1

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate was 13.8% for the nine months ended September 30, 2019 , compared to (15.8)% for the nine months ended September 30, 2018 . The effective income tax rate for the nine months ended September 30, 2019 , reflects a 17% statutory tax rate on the Company’s Singapore operations, a 21% corporate income tax rate on its domestic operations and a zero percent tax rate on its Macao gaming operations due to the Company’s income tax exemption in Macao. During the three months ended June 30, 2019, the Company recorded a gain of $556 million in connection with the sale of Sands Bethlehem on May 31, 2019. The gain resulted in domestic income tax expense of $161 million . The effective income tax rate for the nine months ended September 30, 2019 , would have been 10.2% without the discrete income tax expense of $161 million resulting from the sale of Sands Bethlehem. The effective income tax rate for the nine months ended September 30, 2018, would have been 10.2% without the discrete benefit of $670 million , as discussed further below. In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”), which made significant changes to U.S. income tax laws, including transitioning from a worldwide tax system to a territorial tax system. This change in the U.S. international tax system included the introduction of several new tax regimes effective as of January 1, 2018. One of the new taxes introduced is the Global Intangible Low-Taxed Income (“GILTI”), which effectively taxes the foreign earnings of U.S. multinational companies at 10.5% , half of the current corporate tax rate. During the three months ended March 31, 2018, the Company concluded how the foreign tax credits associated with this income, and allowed against the U.S. tax liability, would be utilized and the potential impact on the foreign tax credit deferred tax asset and related valuation allowance. As a result, the Company recorded a non-cash tax benefit of $670 million relating to the reduction of the valuation allowance on certain U.S. foreign tax credit assets generated prior to 2018 previously determined not likely to be utilized. In November 2018, the Internal Revenue Service issued guidance clarifying the implementation of GILTI and other provisions, which impacted the foreign tax credit utilization and required an increase of a valuation allowance related to the Company’s historical foreign tax credits. As a result, the Company recorded a non-cash expense of $727 million during the three months ended December 31, 2018. In April 2019, Venetian Macau Limited (“VML”) entered into an agreement with the Macao government, which is effective through June 26, 2022, and provides for an annual payment of 38 million patacas (approximately $5 million at exchange rates in effect on September 30, 2019 ) as a substitution for a 12% tax otherwise due from VML stockholders on dividend distributions paid from VML gaming profits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company is involved in other litigation in addition to those noted below, arising in the normal course of business. Management has made certain estimates for potential litigation costs based upon consultation with legal counsel. Actual results could differ from these estimates; however, in the opinion of management, such litigation and claims will not have a material effect on the Company’s financial condition, results of operations and cash flows. Asian American Entertainment Corporation, Limited v. Venetian Macau Limited, et al. On February 5, 2007, Asian American Entertainment Corporation, Limited (“AAEC” or “Plaintiff”) brought a claim (the “Prior Action”) in the U.S. District Court for the District of Nevada (the “U.S. District Court”) against Las Vegas Sands, Inc. (now known as Las Vegas Sands, LLC (“LVSLLC”)), Venetian Casino Resort, LLC (“VCR”) and Venetian Venture Development, LLC, which are subsidiaries of the Company, and William P. Weidner and David Friedman, who are former executives of the Company. The Prior Action sought damages based on an alleged breach of agreements entered into between AAEC and the aforementioned defendants for their joint presentation of a bid in response to the public tender held by the Macao government for the award of gaming concessions at the end of 2001. The U.S. District Court entered an order dismissing the Prior Action on April 16, 2010. On January 19, 2012, AAEC filed another claim (the “Macao Action”) with the Macao Judicial Court (Tribunal Judicial de Base) against VML, LVS (Nevada) International Holdings, Inc. (“LVS (Nevada)”), LVSLLC and VCR (collectively, the “Defendants”). The claim was for 3.0 billion patacas (approximately $372 million at exchange rates in effect on September 30, 2019 ). The Macao Action alleges a breach of agreements entered into between AAEC and LVS (Nevada), LVSLLC and VCR (collectively, the “U.S. Defendants”) for their joint presentation of a bid in response to the public tender held by the Macao government for the award of gaming concessions at the end of 2001. On July 4, 2012, the Defendants filed their defense to the Macao Action with the Macao Judicial Court and amended the defense on January 4, 2013. On March 24, 2014, the Macao Judicial Court issued a Decision (Despacho Seneador) holding that AAEC’s claim against VML is unfounded and that VML be removed as a party to the proceedings, and the claim should proceed exclusively against the U.S. Defendants. On May 8, 2014, AAEC lodged an appeal against that decision. On June 5, 2015, the U.S. Defendants applied to the Macao Judicial Court to dismiss the claims against them as res judicata based on the dismissal of the Prior Action. On March 16, 2016, the Macao Judicial Court dismissed the defense of res judicata. An appeal against that decision was lodged by U.S. Defendants on April 7, 2016. As of the end of December 2016, all appeals (including VML’s dismissal and the res judicata appeals) were being transferred to the Macao Second Instance Court. On May 11, 2017, the Macao Second Instance Court notified the parties of its decision of refusal to deal with the appeals at the present time. The Macao Second Instance Court ordered the court file be transferred back to the Macao Judicial Court. Evidence gathering by the Macao Judicial Court commenced by letters rogatory, which was completed on March 14, 2019, and the trial of this matter was scheduled for September 2019. On July 15, 2019, AAEC submitted a request to the Macao Judicial Court to increase the amount of its claim to 96.45 billion patacas (approximately $11.94 billion at exchange rates in effect on September 30, 2019 ), allegedly representing lost profits from 2004 to 2018, and reserving its right to claim for lost profits up to 2022 in due course at the enforcement stage. On September 2, 2019, the U.S. Defendants moved to revoke the legal aid granted to AAEC, which excuses AAEC from paying its share of court costs. On September 4, 2019, the Macao Judicial Court deferred ruling on the U.S. Defendants’ motion regarding legal aid until the entry of final judgment. The U.S. Defendants appealed that deferral on September 17, 2019. On September 26, 2019, the Macao Judicial Court rejected that appeal on procedural grounds; the U.S. Defendants intend to appeal directly to the Macao Second Instance Court. On September 4, 2019, the Macao Judicial Court allowed AAEC’s request to increase the amount of its claim. On September 17, 2019, the U.S. Defendants appealed the decision granting AAEC’s request. On September 26, 2019, the Macao Judicial Court accepted that appeal and it is currently pending before the Macao Second Instance Court. On September 10, 2019, AAEC moved to reschedule the trial of the Macao Action, which had been scheduled to begin on September 12, 2019. The Macao Judicial Court granted that motion and rescheduled the trial to begin on September 16, 2020. The Macao Action is in a preliminary stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. The Company intends to defend this matter vigorously.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the U.S. The Company reviews the results of operations for each of its operating segments: The Venetian Macao; Sands Cotai Central; The Parisian Macao; The Plaza Macao and Four Seasons Hotel Macao; Sands Macao; Marina Bay Sands; Las Vegas Operating Properties; and, through May 30, 2019, Sands Bethlehem. On May 31, 2019, the Company closed the sale of Sands Bethlehem in Pennsylvania (see “Note 1 — Organization and Business of Company”). The Company also reviews construction and development activities for each of its primary projects currently under development, in addition to its reportable segments noted above, which include the renovation, expansion and rebranding of Sands Cotai Central to The Londoner Macao, The Londoner Tower Suites and the Grand Suites at Four Seasons Macao, the MBS Expansion Project in Singapore, and the Las Vegas Condo Tower (for which construction currently is suspended) in the United States. The Company has included Ferry Operations and Other (comprised primarily of the Company’s ferry operations and various other operations that are ancillary to its properties in Macao) to reconcile to condensed consolidated results of operations and financial condition. The Company has included Corporate and Other (which includes the Las Vegas Condo Tower and corporate activities of the Company) to reconcile to the condensed consolidated financial condition. The Company’s segment information as of September 30, 2019 and December 31, 2018 , and for the three and nine months ended September 30, 2019 and 2018 is as follows: Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues Three Months Ended September 30, 2019 (In millions) Macao: The Venetian Macao $ 689 $ 58 $ 17 $ 65 $ 22 $ 851 Sands Cotai Central 359 81 24 19 4 487 The Parisian Macao 312 33 18 13 5 381 The Plaza Macao and Four Seasons Hotel Macao 146 10 7 32 1 196 Sands Macao 159 4 6 — 2 171 Ferry Operations and Other — — — — 26 26 1,665 186 72 129 60 2,112 Marina Bay Sands 553 109 61 46 24 793 Las Vegas Operating Properties 103 144 66 — 93 406 Intercompany eliminations (1) — — — — (61 ) (61 ) Total net revenues $ 2,321 $ 439 $ 199 $ 175 $ 116 $ 3,250 Three Months Ended September 30, 2018 Macao: The Venetian Macao $ 689 $ 58 $ 21 $ 60 $ 29 $ 857 Sands Cotai Central 400 85 25 19 8 537 The Parisian Macao 321 30 17 13 8 389 The Plaza Macao and Four Seasons Hotel Macao 116 10 6 33 2 167 Sands Macao 146 4 6 1 3 160 Ferry Operations and Other — — — — 42 42 1,672 187 75 126 92 2,152 Marina Bay Sands 532 106 53 44 31 766 United States: Las Vegas Operating Properties 88 138 60 — 93 379 Sands Bethlehem (2) 121 4 7 1 5 138 209 142 67 1 98 517 Intercompany eliminations (1) — — — (1 ) (62 ) (63 ) Total net revenues $ 2,413 $ 435 $ 195 $ 170 $ 159 $ 3,372 Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues Nine Months Ended September 30, 2019 Macao: The Venetian Macao $ 2,127 $ 168 $ 56 $ 183 $ 68 $ 2,602 Sands Cotai Central 1,162 242 74 51 18 1,547 The Parisian Macao 1,042 97 53 40 17 1,249 The Plaza Macao and Four Seasons Hotel Macao 481 30 23 94 3 631 Sands Macao 439 13 20 2 4 478 Ferry Operations and Other — — — — 86 86 5,251 550 226 370 196 6,593 Marina Bay Sands 1,565 304 172 131 76 2,248 United States: Las Vegas Operating Properties 328 457 246 — 312 1,343 Sands Bethlehem (2) 199 7 11 1 9 227 527 464 257 1 321 1,570 Intercompany eliminations (1) — — — (1 ) (180 ) (181 ) Total net revenues $ 7,343 $ 1,318 $ 655 $ 501 $ 413 $ 10,230 Nine Months Ended September 30, 2018 Macao: The Venetian Macao $ 2,082 $ 167 $ 62 $ 169 $ 75 $ 2,555 Sands Cotai Central 1,204 245 77 48 21 1,595 The Parisian Macao 920 91 48 43 17 1,119 The Plaza Macao and Four Seasons Hotel Macao 394 29 21 97 3 544 Sands Macao 454 12 20 3 5 494 Ferry Operations and Other — — — — 123 123 5,054 544 228 360 244 6,430 Marina Bay Sands 1,678 299 156 128 82 2,343 United States: Las Vegas Operating Properties 268 443 239 — 308 1,258 Sands Bethlehem (2) 358 12 19 3 16 408 626 455 258 3 324 1,666 Intercompany eliminations (1) — — — (1 ) (184 ) (185 ) Total net revenues $ 7,358 $ 1,298 $ 642 $ 490 $ 466 $ 10,254 ____________________ (1) Intercompany eliminations include royalties and other intercompany services. (2) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019. Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Intersegment Revenues Macao: The Venetian Macao $ 1 $ 1 $ 3 $ 3 Ferry Operations and Other 7 6 20 18 8 7 23 21 Marina Bay Sands 1 2 3 7 Las Vegas Operating Properties (1) 52 54 155 157 Total intersegment revenues $ 61 $ 63 $ 181 $ 185 ____________________ (1) Primarily consists of royalties from the Company’s international operations. Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Adjusted Property EBITDA Macao: The Venetian Macao $ 342 $ 344 $ 1,039 $ 1,023 Sands Cotai Central 169 188 546 565 The Parisian Macao 120 122 422 352 The Plaza Macao and Four Seasons Hotel Macao 75 53 243 198 Sands Macao 52 41 135 140 Ferry Operations and Other (3 ) 6 (7 ) 15 755 754 2,378 2,293 Marina Bay Sands 435 419 1,204 1,328 United States: Las Vegas Operating Properties 93 76 367 294 Sands Bethlehem (1) — 33 52 92 93 109 419 386 Consolidated adjusted property EBITDA (2) 1,283 1,282 4,001 4,007 Other Operating Costs and Expenses Stock-based compensation (3) (3 ) (3 ) (10 ) (10 ) Corporate (59 ) (55 ) (262 ) (144 ) Pre-opening (9 ) (2 ) (23 ) (5 ) Development (4 ) (4 ) (13 ) (9 ) Depreciation and amortization (284 ) (284 ) (874 ) (822 ) Amortization of leasehold interests in land (14 ) (8 ) (37 ) (26 ) Loss on disposal or impairment of assets (11 ) (4 ) (18 ) (114 ) Operating income 899 922 2,764 2,877 Other Non-Operating Costs and Expenses Interest income 20 22 57 36 Interest expense, net of amounts capitalized (137 ) (126 ) (421 ) (308 ) Other income (expense) (7 ) 16 (8 ) 34 Gain on sale of Sands Bethlehem — — 556 — Loss on modification or early retirement of debt (24 ) (52 ) (24 ) (55 ) Income tax (expense) benefit (82 ) (83 ) (403 ) 407 Net income $ 669 $ 699 $ 2,521 $ 2,991 ____________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019. (2) Consolidated adjusted property EBITDA, which is a non-GAAP financial measure, is net income before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain on sale of Sands Bethlehem, gain or loss on modification or early retirement of debt and income taxes. Consolidated adjusted property EBITDA is a supplemental non-GAAP financial measure used by management, as well as industry analysts, to evaluate operations and operating performance. In particular, management utilizes consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands Corp., have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP. The Company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments and income taxes, which are not reflected in consolidated adjusted property EBITDA. Not all companies calculate adjusted property EBITDA in the same manner. As a result, consolidated adjusted property EBITDA as presented by the Company may not be directly comparable to similarly titled measures presented by other companies. (3) During the three months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $8 million and $7 million , respectively, of which $5 million and $4 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. During the nine months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $26 million and $23 million , respectively, of which $16 million and $13 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. Nine Months Ended 2019 2018 (In millions) Capital Expenditures Corporate and Other $ 57 $ 56 Macao: The Venetian Macao 75 109 Sands Cotai Central 178 88 The Parisian Macao 21 101 The Plaza Macao and Four Seasons Hotel Macao 125 36 Sands Macao 10 16 Ferry Operations and Other 1 1 410 351 Marina Bay Sands 134 116 United States: Las Vegas Operating Properties 153 82 Sands Bethlehem (1) 2 18 155 100 Total capital expenditures $ 756 $ 623 ____________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Capital expenditures for Sands Bethlehem are through May 30, 2019.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases Management determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases, in which the Company is the lessor, are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term. Lessee The Company has operating and finance leases for various real estate (including the Macao and Singapore leasehold interests in land) and equipment. Certain of our lease agreements include rental payments based on a percentage of sales over specified contractual amounts, rental payments adjusted periodically for inflation and rental payments based on usage. The Company’s leases include options to extend the lease term one month to 40 years . Land concessions in Macao generally have an initial term of 25 years with automatic extensions of 10 years thereafter in accordance with Macao law. The Company anticipates a useful life of 50 years related to the land concessions in Macao. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Leases recorded on the balance sheet consist of the following (excluding the Macao and Singapore leasehold interests in land assets): Leases Classification on the Balance Sheet September 30, (In millions) Assets Operating lease ROU assets Other assets, net $ 185 Finance lease ROU assets Property and equipment, net (1) $ 15 Liabilities Current Operating Other accrued liabilities $ 25 Finance Current maturities of long-term debt $ 6 Noncurrent Operating Other long-term liabilities $ 299 Finance Long-term debt $ 9 ____________________ (1) Finance lease ROU assets are recorded net of accumulated depreciation of $5 million as of September 30, 2019 . Other information related to lease term and discount rate is as follows: September 30, Weighted Average Remaining Lease Term Operating leases 32.3 years Finance leases 2.6 years Weighted Average Discount Rate Operating leases (1) 4.5 % Finance leases 3.8 % ____________________ (1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019. The components of lease expense are as follows: Three Months Ended Nine Months Ended (In millions) Operating lease cost: Amortization of leasehold interests in land $ 14 $ 37 Operating lease cost 9 24 Short-term lease cost 4 14 Variable lease cost 2 4 Finance lease cost: Amortization of ROU assets 1 3 Total lease cost $ 30 $ 82 Supplemental cash flow information related to leases is as follows: Three Months Ended Nine Months Ended (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 8 $ 27 Operating cash flows for finance leases $ 1 $ 1 Financing cash flows for finance leases $ 1 $ 3 Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 10 $ 2 2020 28 6 2021 25 6 2022 24 2 2023 24 — Thereafter 556 — Total future minimum lease payments 667 16 Less — amount representing interest (343 ) (1 ) Present value of future minimum lease payments 324 15 Less — current lease obligations (25 ) (6 ) Long-term lease obligations $ 299 $ 9 Lessor The Company leases space at several of its Integrated Resorts to various third parties as part of its mall operations, as well as retail and office space that are recorded within convention, retail and other revenues. These leases are non- cancelable operating leases with remaining lease periods that vary from one month to 15 years . The leases include minimum base rents with escalated contingent rent clauses. Lease revenue consists of the following: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Mall Other Mall Other (In millions) Minimum rents $ 129 $ 5 $ 387 $ 12 Overage rents 19 — 38 1 $ 148 $ 5 $ 425 $ 13 Future minimum rentals on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 127 $ 3 2020 455 9 2021 360 9 2022 259 5 2023 122 4 Thereafter 171 8 Total minimum future rentals $ 1,494 $ 38 The total minimum future rentals do not include the escalated contingent rent clauses. The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: September 30, (In millions) Property and equipment, at cost $ 1,299 Accumulated depreciation (508 ) Property and equipment, net $ 791

Leases (Policies)

Leases (Policies)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessor, leases	Management determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases, in which the Company is the lessor, are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term.
Lessee, leases	Management determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases, in which the Company is the lessor, are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: September 30, December 31, (In millions) Corporate and U.S. Related (1) : 3.200% Senior Notes due 2024 (net of unamortized original issue discount and deferred financing costs of $15) $ 1,735 $ — 3.500% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $12) 988 — 3.900% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing costs of $9) 741 — 2013 U.S. Credit Facility — Extended Term B (net of unamortized original issue discount and deferred financing costs of $21) — 3,464 HVAC Equipment Lease — 12 Macao Related (1) : 4.600% Senior Notes due 2023 (net of unamortized original issue discount and deferred financing costs of $12 and $14, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,803 1,791 5.125% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $14 and $16, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,801 1,789 5.400% Senior Notes due 2028 (net of unamortized original issue discount and deferred financing costs of $19 and $21, respectively, and a positive cumulative fair value adjustment of $15 and $5, respectively) 1,896 1,884 Other 15 4 Singapore Related (1) : 2012 Singapore Credit Facility — Term (net of unamortized deferred financing costs of $55 and $43, respectively) 2,964 3,041 11,943 11,985 Less — current maturities (66 ) (111 ) Total long-term debt $ 11,877 $ 11,874 ____________________ (1) Unamortized deferred financing costs of $103 million and $47 million as of September 30, 2019 and December 31, 2018 , respectively, related to the Company’s revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility. These amounts are included in other assets, net in the accompanying condensed consolidated balance sheets.
Cash Flows From Financing Activities Related To Long Term Debt And Capital Lease Obligations	Cash flows from financing activities related to long-term debt and capital lease obligations are as follows: Nine Months Ended 2019 2018 (In millions) Proceeds from LVSC Senior Notes $ 3,500 $ — Proceeds from SCL Senior Notes — 5,500 Proceeds from 2013 U.S. Credit Facility — 1,347 Proceeds from 2016 VML Credit Facility — 746 $ 3,500 $ 7,593 Repayments on 2013 U.S. Credit Facility $ (3,484 ) $ (18 ) Repayments on 2012 Singapore Credit Facility (31 ) (49 ) Repayments on 2016 VML Credit Facility — (5,083 ) Repayments on HVAC Equipment Lease and Other Long-Term Debt (3 ) (3 ) $ (3,518 ) $ (5,153 )

Equity and Earnings Per Share (

Equity and Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings per share consisted of the following: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Weighted-average common shares outstanding (used in the calculation of basic earnings per share) 769 786 772 788 Potential dilution from stock options and restricted stock and stock units — 1 — 1 Weighted-average common and common equivalent shares (used in the calculation of diluted earnings per share) 769 787 772 789 Antidilutive stock options excluded from the calculation of diluted earnings per share 3 2 3 1

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The Company’s segment information as of September 30, 2019 and December 31, 2018 , and for the three and nine months ended September 30, 2019 and 2018 is as follows: Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues Three Months Ended September 30, 2019 (In millions) Macao: The Venetian Macao $ 689 $ 58 $ 17 $ 65 $ 22 $ 851 Sands Cotai Central 359 81 24 19 4 487 The Parisian Macao 312 33 18 13 5 381 The Plaza Macao and Four Seasons Hotel Macao 146 10 7 32 1 196 Sands Macao 159 4 6 — 2 171 Ferry Operations and Other — — — — 26 26 1,665 186 72 129 60 2,112 Marina Bay Sands 553 109 61 46 24 793 Las Vegas Operating Properties 103 144 66 — 93 406 Intercompany eliminations (1) — — — — (61 ) (61 ) Total net revenues $ 2,321 $ 439 $ 199 $ 175 $ 116 $ 3,250 Three Months Ended September 30, 2018 Macao: The Venetian Macao $ 689 $ 58 $ 21 $ 60 $ 29 $ 857 Sands Cotai Central 400 85 25 19 8 537 The Parisian Macao 321 30 17 13 8 389 The Plaza Macao and Four Seasons Hotel Macao 116 10 6 33 2 167 Sands Macao 146 4 6 1 3 160 Ferry Operations and Other — — — — 42 42 1,672 187 75 126 92 2,152 Marina Bay Sands 532 106 53 44 31 766 United States: Las Vegas Operating Properties 88 138 60 — 93 379 Sands Bethlehem (2) 121 4 7 1 5 138 209 142 67 1 98 517 Intercompany eliminations (1) — — — (1 ) (62 ) (63 ) Total net revenues $ 2,413 $ 435 $ 195 $ 170 $ 159 $ 3,372 Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues Nine Months Ended September 30, 2019 Macao: The Venetian Macao $ 2,127 $ 168 $ 56 $ 183 $ 68 $ 2,602 Sands Cotai Central 1,162 242 74 51 18 1,547 The Parisian Macao 1,042 97 53 40 17 1,249 The Plaza Macao and Four Seasons Hotel Macao 481 30 23 94 3 631 Sands Macao 439 13 20 2 4 478 Ferry Operations and Other — — — — 86 86 5,251 550 226 370 196 6,593 Marina Bay Sands 1,565 304 172 131 76 2,248 United States: Las Vegas Operating Properties 328 457 246 — 312 1,343 Sands Bethlehem (2) 199 7 11 1 9 227 527 464 257 1 321 1,570 Intercompany eliminations (1) — — — (1 ) (180 ) (181 ) Total net revenues $ 7,343 $ 1,318 $ 655 $ 501 $ 413 $ 10,230 Nine Months Ended September 30, 2018 Macao: The Venetian Macao $ 2,082 $ 167 $ 62 $ 169 $ 75 $ 2,555 Sands Cotai Central 1,204 245 77 48 21 1,595 The Parisian Macao 920 91 48 43 17 1,119 The Plaza Macao and Four Seasons Hotel Macao 394 29 21 97 3 544 Sands Macao 454 12 20 3 5 494 Ferry Operations and Other — — — — 123 123 5,054 544 228 360 244 6,430 Marina Bay Sands 1,678 299 156 128 82 2,343 United States: Las Vegas Operating Properties 268 443 239 — 308 1,258 Sands Bethlehem (2) 358 12 19 3 16 408 626 455 258 3 324 1,666 Intercompany eliminations (1) — — — (1 ) (184 ) (185 ) Total net revenues $ 7,358 $ 1,298 $ 642 $ 490 $ 466 $ 10,254 ____________________ (1) Intercompany eliminations include royalties and other intercompany services. (2) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019. Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Intersegment Revenues Macao: The Venetian Macao $ 1 $ 1 $ 3 $ 3 Ferry Operations and Other 7 6 20 18 8 7 23 21 Marina Bay Sands 1 2 3 7 Las Vegas Operating Properties (1) 52 54 155 157 Total intersegment revenues $ 61 $ 63 $ 181 $ 185 ____________________ (1) Primarily consists of royalties from the Company’s international operations. Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In millions) Adjusted Property EBITDA Macao: The Venetian Macao $ 342 $ 344 $ 1,039 $ 1,023 Sands Cotai Central 169 188 546 565 The Parisian Macao 120 122 422 352 The Plaza Macao and Four Seasons Hotel Macao 75 53 243 198 Sands Macao 52 41 135 140 Ferry Operations and Other (3 ) 6 (7 ) 15 755 754 2,378 2,293 Marina Bay Sands 435 419 1,204 1,328 United States: Las Vegas Operating Properties 93 76 367 294 Sands Bethlehem (1) — 33 52 92 93 109 419 386 Consolidated adjusted property EBITDA (2) 1,283 1,282 4,001 4,007 Other Operating Costs and Expenses Stock-based compensation (3) (3 ) (3 ) (10 ) (10 ) Corporate (59 ) (55 ) (262 ) (144 ) Pre-opening (9 ) (2 ) (23 ) (5 ) Development (4 ) (4 ) (13 ) (9 ) Depreciation and amortization (284 ) (284 ) (874 ) (822 ) Amortization of leasehold interests in land (14 ) (8 ) (37 ) (26 ) Loss on disposal or impairment of assets (11 ) (4 ) (18 ) (114 ) Operating income 899 922 2,764 2,877 Other Non-Operating Costs and Expenses Interest income 20 22 57 36 Interest expense, net of amounts capitalized (137 ) (126 ) (421 ) (308 ) Other income (expense) (7 ) 16 (8 ) 34 Gain on sale of Sands Bethlehem — — 556 — Loss on modification or early retirement of debt (24 ) (52 ) (24 ) (55 ) Income tax (expense) benefit (82 ) (83 ) (403 ) 407 Net income $ 669 $ 699 $ 2,521 $ 2,991 ____________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019. (2) Consolidated adjusted property EBITDA, which is a non-GAAP financial measure, is net income before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain on sale of Sands Bethlehem, gain or loss on modification or early retirement of debt and income taxes. Consolidated adjusted property EBITDA is a supplemental non-GAAP financial measure used by management, as well as industry analysts, to evaluate operations and operating performance. In particular, management utilizes consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands Corp., have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP. The Company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments and income taxes, which are not reflected in consolidated adjusted property EBITDA. Not all companies calculate adjusted property EBITDA in the same manner. As a result, consolidated adjusted property EBITDA as presented by the Company may not be directly comparable to similarly titled measures presented by other companies. (3) During the three months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $8 million and $7 million , respectively, of which $5 million and $4 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. During the nine months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $26 million and $23 million , respectively, of which $16 million and $13 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. Nine Months Ended 2019 2018 (In millions) Capital Expenditures Corporate and Other $ 57 $ 56 Macao: The Venetian Macao 75 109 Sands Cotai Central 178 88 The Parisian Macao 21 101 The Plaza Macao and Four Seasons Hotel Macao 125 36 Sands Macao 10 16 Ferry Operations and Other 1 1 410 351 Marina Bay Sands 134 116 United States: Las Vegas Operating Properties 153 82 Sands Bethlehem (1) 2 18 155 100 Total capital expenditures $ 756 $ 623 ____________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Capital expenditures for Sands Bethlehem are through May 30, 2019.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee, Assets and Liabilities	Leases recorded on the balance sheet consist of the following (excluding the Macao and Singapore leasehold interests in land assets): Leases Classification on the Balance Sheet September 30, (In millions) Assets Operating lease ROU assets Other assets, net $ 185 Finance lease ROU assets Property and equipment, net (1) $ 15 Liabilities Current Operating Other accrued liabilities $ 25 Finance Current maturities of long-term debt $ 6 Noncurrent Operating Other long-term liabilities $ 299 Finance Long-term debt $ 9 ____________________ (1) Finance lease ROU assets are recorded net of accumulated depreciation of $5 million as of September 30, 2019 .
Lessee, Other Lease Information	Other information related to lease term and discount rate is as follows: September 30, Weighted Average Remaining Lease Term Operating leases 32.3 years Finance leases 2.6 years Weighted Average Discount Rate Operating leases (1) 4.5 % Finance leases 3.8 % ____________________ (1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.
Lessee, Lease Expense Components	The components of lease expense are as follows: Three Months Ended Nine Months Ended (In millions) Operating lease cost: Amortization of leasehold interests in land $ 14 $ 37 Operating lease cost 9 24 Short-term lease cost 4 14 Variable lease cost 2 4 Finance lease cost: Amortization of ROU assets 1 3 Total lease cost $ 30 $ 82
Lessee, Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows: Three Months Ended Nine Months Ended (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 8 $ 27 Operating cash flows for finance leases $ 1 $ 1 Financing cash flows for finance leases $ 1 $ 3
Lessee, Finance Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 10 $ 2 2020 28 6 2021 25 6 2022 24 2 2023 24 — Thereafter 556 — Total future minimum lease payments 667 16 Less — amount representing interest (343 ) (1 ) Present value of future minimum lease payments 324 15 Less — current lease obligations (25 ) (6 ) Long-term lease obligations $ 299 $ 9
Lessee, Operating Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 10 $ 2 2020 28 6 2021 25 6 2022 24 2 2023 24 — Thereafter 556 — Total future minimum lease payments 667 16 Less — amount representing interest (343 ) (1 ) Present value of future minimum lease payments 324 15 Less — current lease obligations (25 ) (6 ) Long-term lease obligations $ 299 $ 9
Lessor, Lease Revenue Components	Lease revenue consists of the following: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Mall Other Mall Other (In millions) Minimum rents $ 129 $ 5 $ 387 $ 12 Overage rents 19 — 38 1 $ 148 $ 5 $ 425 $ 13
Lessor, Future Minimum Rentals	Future minimum rentals on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 127 $ 3 2020 455 9 2021 360 9 2022 259 5 2023 122 4 Thereafter 171 8 Total minimum future rentals $ 1,494 $ 38
Lessor, Leased Property and Equipment	The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: September 30, (In millions) Property and equipment, at cost $ 1,299 Accumulated depreciation (508 ) Property and equipment, net $ 791

Organization and Business of _2

Organization and Business of Company (Details) Seat in Thousands, $ in Millions, $ in Millions	May 31, 2019USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2019SGD ($)	Sep. 30, 2019USD ($)Seat	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Seat	Sep. 30, 2018USD ($)	Jan. 01, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net proceeds from sale of Sands Bethlehem							$ 1,160	$ 0
Gain on sale of Sands Bethlehem				$ 0	$ 556	$ 0	556	$ 0
Operating lease ROU assets				185			185
Operating lease liabilities				$ 324			$ 324
Accounting Standards Update 2016-02 [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Operating lease ROU assets									$ 337
Operating lease liabilities									$ 337
United States [Member] | Sands Bethlehem [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Gain on sale of Sands Bethlehem	$ 556
United States [Member] | Sands Bethlehem [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net proceeds from sale of Sands Bethlehem	$ 1,160
Singapore [Member] | Marina Bay Sands [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Finite-lived gaming license, cost incurred to renew or extend		$ 53	$ 72
Expected cost to complete		3,300	4,500
Amounts provided to governmental agencies		$ 1,140	$ 1,540
Singapore [Member] | Marina Bay Sands [Member] | Arena [Member] | Scenario, Plan [Member] | Minimum [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat				15			15

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Capital lease obligations		$ 15
Other		11,943	$ 11,985
Long-term debt, including current maturities		11,943	11,985
Less - current maturities		(66)	(111)
Total long-term debt		11,877	11,874
HVAC Equipment Lease [Member] | United States [Member]
Debt Instrument [Line Items]
Capital lease obligations		0	12
Other [Member] | Macao [Member]
Debt Instrument [Line Items]
Other		15	4
Long-term debt, including current maturities		15	4
Secured Debt [Member] | 2013 US Credit Facility Extended Term B [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	0	3,464
Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	2,964	3,041
Unsecured Debt [Member] | 3.200% Senior Notes due 2024 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,735
Unsecured Debt [Member] | 3.500% Senior Notes due 2026 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	988
Unsecured Debt [Member] | 3.900% Senior Notes due 2029 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	741
Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,803	1,791
Unsecured Debt [Member] | 5.125% Senior Notes due 2025 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,801	1,789
Unsecured Debt [Member] | 5.400% Senior Notes due 2028 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	$ 1,896	$ 1,884
[1]	Unamortized deferred financing costs of $103 million and $47 million as of September 30, 2019 and December 31, 2018 , respectively, related to the Company’s revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility. These amounts are included in other assets, net in the accompanying condensed consolidated balance sheets.

Long-Term Debt - Schedule of _2

Long-Term Debt - Schedule of Long-term Debt - OID, DFC and Fair Value Adjustment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Secured Debt [Member] | 2013 US Credit Facility Extended Term B [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	$ 0	$ 21
Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	55	43
Unsecured Debt [Member] | 3.200% Senior Notes due 2024 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	15
Unsecured Debt [Member] | 3.500% Senior Notes due 2026 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	12
Unsecured Debt [Member] | 3.900% Senior Notes due 2029 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	9
Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	12	14
Cumulative fair value hedging adjustment included in the carrying amount of the SCL Senior Notes	15	5
Unsecured Debt [Member] | 5.125% Senior Notes due 2025 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	14	16
Cumulative fair value hedging adjustment included in the carrying amount of the SCL Senior Notes	15	5
Unsecured Debt [Member] | 5.400% Senior Notes due 2028 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs, net	19	21
Cumulative fair value hedging adjustment included in the carrying amount of the SCL Senior Notes	$ 15	$ 5

Long-Term Debt Long-Term Debt -

Long-Term Debt Long-Term Debt - Schedule of Long-Term Debt - Footnotes (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Other Noncurrent Assets [Member]
Debt Instrument [Line Items]
Debt issuance costs, net	[1]	$ 103	$ 47
[1]	Unamortized deferred financing costs of $103 million and $47 million as of September 30, 2019 and December 31, 2018 , respectively, related to the Company’s revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility. These amounts are included in other assets, net in the accompanying condensed consolidated balance sheets.

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	Aug. 30, 2019USD ($)	Aug. 30, 2019SGD ($)	Aug. 09, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019SGD ($)	Aug. 30, 2019SGD ($)	Jul. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Loss on modification or early retirement of debt				$ 24,000,000	$ 52,000,000	$ 24,000,000	$ 55,000,000
Long-term debt, fair value				12,600,000,000		12,600,000,000					$ 11,650,000,000
Long-term debt, contractual value				12,020,000,000		12,020,000,000					$ 12,080,000,000
United States [Member] | Senior Notes [Member] | LVSC Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount										$ 3,500,000,000
United States [Member] | Senior Notes [Member] | 3.200% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount										$ 1,750,000,000
Debt instrument, interest rate, stated percentage										3.20%
United States [Member] | Senior Notes [Member] | 3.500% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount										$ 1,000,000,000
Debt instrument, interest rate, stated percentage										3.50%
United States [Member] | Senior Notes [Member] | 3.900% Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount										$ 750,000,000
Debt instrument, interest rate, stated percentage										3.90%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 1,500,000,000
Line of credit facility, available borrowing capacity (SGD converted to USD at balance sheet date)				1,500,000,000		$ 1,500,000,000
Line of credit facility, unused capacity, commitment fee percentage						0.20%
Debt instrument, maximum leverage ratio, through maturity			4
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Adjusted Eurodollar or London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity						1.40%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity						0.40%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage			0.125%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Minimum [Member] | Adjusted Eurodollar or London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			1.125%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			0.125%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage			0.25%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Maximum [Member] | Adjusted Eurodollar or London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			1.55%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			0.55%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility Sub-Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 150,000,000
United States [Member] | Secured Debt [Member] | 2013 US Credit Facility [Member]
Debt Instrument [Line Items]
Loss on modification or early retirement of debt				22,000,000
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, available borrowing capacity (SGD converted to USD at balance sheet date)				2,000,000,000		$ 2,000,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, maximum leverage ratio, through maturity	4								4
Loss on modification or early retirement of debt				$ 2,000,000
Debt instrument, maximum leverage ratio, period one	4.5								4.5
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore Swap Offered Rate SOR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, period one	1.65%	1.65%
Debt instrument, interest rate, period end rate				3.20%		3.20%		3.20%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Minimum [Member] | Singapore Swap Offered Rate SOR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity	1.15%	1.15%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Maximum [Member] | Singapore Swap Offered Rate SOR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity	1.85%	1.85%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 543,000,000								$ 750,000,000
Line of credit facility, available borrowing capacity (SGD converted to USD at balance sheet date)				$ 429,000,000		$ 429,000,000		$ 592,000,000
Debt instrument, increase, additional borrowings	181,000,000	$ 250,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving - Banker's Guarantee [Member]
Debt Instrument [Line Items]
Line of credit facility, amount outstanding				$ 111,000,000		$ 111,000,000		$ 153,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 2,710,000,000								$ 3,750,000,000
Debt instrument, periodic payment, principal, percentage of principal, period one	5.00%	5.00%
Debt instrument, periodic payment, principal, percentage of principal, period two	18.00%	18.00%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member]
Debt Instrument [Line Items]
Debt instrument, periodic payment, principal, percentage of principal, period one	0.50%	0.50%
Debt instrument, periodic payment, principal, percentage of principal, period two	3.00%	3.00%
Debt instrument, periodic payment, principal, percentage of principal, period three	5.00%	5.00%
Debt instrument, periodic payment, principal, percentage of principal, period four	18.00%	18.00%

Long-Term Debt Long-Term Debt_2

Long-Term Debt Long-Term Debt - Cash Flows from Financing Activities Related to Long-Term Debt and Capital Lease Obligations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Proceeds from long-term debt	$ 3,500	$ 7,593
Repayments of long-term debt and capital leases	(3,518)	(5,153)
Other Long-Term Debt And Capital Lease Obligations [Member] | HVAC Equipment Lease And Other Long Term Debt [Member]
Debt Instrument [Line Items]
Repayments of long-term debt and capital leases	(3)	(3)
United States [Member] | Senior Notes [Member] | LVSC Senior Notes [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	3,500
United States [Member] | Secured Debt [Member] | 2013 US Credit Facility [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	1,347
Repayments of secured long-term debt	(3,484)	(18)
Macao [Member] | Senior Notes [Member] | SCL Senior Notes [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	5,500
Macao [Member] | Secured Debt [Member] | 2016 VML Credit Facility [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	746
Repayments of secured long-term debt	0	(5,083)
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member]
Debt Instrument [Line Items]
Repayments of secured long-term debt	$ (31)	$ (49)

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 31, 2018
SCL Senior Notes [Member]
Derivative [Line Items]
Cumulative fair value hedging adjustment included in the carrying amount of the SCL Senior Notes	$ 45		$ 45
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, notional amount					$ 5,500
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense [Member]
Derivative [Line Items]
Derivative, realized gain on interest rate swaps	7	$ 4	12	$ 4
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative asset	45		45
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative [Line Items]
Derivative, fair value	$ 50		$ 50

Equity and Earnings Per Share_2

Equity and Earnings Per Share (Details) $ / shares in Units, $ in Millions	Sep. 26, 2019$ / shares	Jun. 27, 2019$ / shares	Jun. 21, 2019$ / shares	Mar. 28, 2019$ / shares	Feb. 22, 2019$ / shares	Oct. 31, 2019$ / shares	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)$ / shares	Sep. 30, 2018USD ($)$ / shares	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)$ / shares
Class of Stock [Line Items]
Common stock, dividends declared (per share) | $ / shares	$ 0.77	$ 0.77		$ 0.77				$ 0.77	$ 0.75	$ 2.31	$ 2.25
Common stock, dividends declared								$ 592	$ 591	$ 2,413	$ 2,395
Common stock repurchased (in shares) | shares										7,873,957
Payments for repurchase of common stock										$ 454	475
Payments to acquire additional interest in subsidiaries										11
Sands China Ltd [Member]
Class of Stock [Line Items]
Common stock, dividends declared (per share) | $ / shares			$ 1		$ 0.99
Common stock, dividends declared										2,050
Sands China Ltd [Member]
Class of Stock [Line Items]
Proceeds from dividends received										1,440
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock, dividends declared (per share) | $ / shares						$ 0.77
Retained Earnings [Member]
Class of Stock [Line Items]
Common stock, dividends declared								$ 592	588	1,780	1,771
Retained Earnings [Member] | Forecast [Member]
Class of Stock [Line Items]
Common stock, dividends declared							$ 591
Retained Earnings [Member] | Principal Stockholder and His Family [Member]
Class of Stock [Line Items]
Common stock, dividends declared										999
Retained Earnings [Member] | All Other Shareholders [Member]
Class of Stock [Line Items]
Common stock, dividends declared										781
Noncontrolling Interest [Member]
Class of Stock [Line Items]
Common stock, dividends declared									$ 3	633	$ 624
Noncontrolling Interest [Member] | Other [Member]
Class of Stock [Line Items]
Common stock, dividends declared										$ 17

Equity and Earnings Per Share -

Equity and Earnings Per Share - Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted-average common shares outstanding (used in the calculation of basic earnings per share) (in shares)	769	786	772	788
Potential dilution from stock options and restricted stock and stock units (in shares)	0	1	0	1
Weighted-average common and common equivalent shares (used in the calculation of diluted earnings per share) (in shares)	769	787	772	789
Antidilutive stock options excluded from the calculation of diluted earnings per share (in shares)	3	2	3	1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) MOP$ in Millions, $ in Millions	1 Months Ended		3 Months Ended					9 Months Ended
	Apr. 30, 2019USD ($)	Apr. 30, 2019MOP (MOP$)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Income Taxes [Line Items]
Effective tax rate								13.80%	(15.80%)
Gain on sale of Sands Bethlehem			$ 0	$ 556		$ 0		$ 556	$ 0
Income tax expense (benefit)			$ 82			$ 83		$ 403	$ (407)
Tax Cuts and Jobs Act [Member]
Income Taxes [Line Items]
Income tax expense (benefit)					$ 727		$ (670)
Pro Forma [Member]
Income Taxes [Line Items]
Effective tax rate								10.20%	10.20%
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Taxes [Line Items]
Income tax expense (benefit)				$ 161
Singapore [Member] | Inland Revenue, Singapore (IRAS) [Member] | Foreign Tax Authority [Member]
Income Taxes [Line Items]
Statutory tax rate								17.00%
United States [Member] | Internal Revenue Service (IRS) [Member] | Domestic Tax Authority [Member]
Income Taxes [Line Items]
Statutory federal income tax rate								21.00%
United States [Member] | Internal Revenue Service (IRS) [Member] | Domestic Tax Authority [Member] | Global Intangible Low-Taxed Income Tax (GILTI) [Member]
Income Taxes [Line Items]
Statutory federal income tax rate								10.50%
Macao [Member] | Macao Finance Bureau (MFB) [Member] | Foreign Tax Authority [Member]
Income Taxes [Line Items]
Macao tax agreement, annual payment (patacas converted to USD at balance sheet date)	$ 5	MOP$ 38
Macao tax due on dividend distributions, percent	12.00%	12.00%
Macao [Member] | Macao Finance Bureau (MFB) [Member] | Foreign Tax Authority [Member] | Casino [Member]
Income Taxes [Line Items]
Statutory tax rate								0.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jul. 15, 2019USD ($)	Jul. 15, 2019MOP (MOP$)	Jan. 19, 2012USD ($)	Jan. 19, 2012MOP (MOP$)
Asian American Entertainment Corporation, Limited [Member]
Loss Contingencies [Line Items]
Loss contingency, damages sought (patacas converted to USD at balance sheet date)	$ 11,940	MOP$ 96450000000	$ 372	MOP$ 3000000000.0

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions		May 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net revenues			$ 3,250		$ 3,372	$ 10,230	$ 10,254
Adjusted property EBITDA	[1]		1,283		1,282	4,001	4,007
Stock-based compensation	[2]		(3)		(3)	(10)	(10)
Corporate			(59)		(55)	(262)	(144)
Pre-opening			(9)		(2)	(23)	(5)
Development			(4)		(4)	(13)	(9)
Depreciation and amortization			(284)		(284)	(874)	(822)
Amortization of leasehold interests in land			(14)		(8)	(37)	(26)
Loss on disposal or impairment of assets			(11)		(4)	(18)	(114)
Operating income			899		922	2,764	2,877
Interest income			20		22	57	36
Interest expense, net of amounts capitalized			(137)		(126)	(421)	(308)
Other income (expense)			(7)		16	(8)	34
Gain on sale of Sands Bethlehem			0	$ 556	0	556	0
Loss on modification or early retirement of debt			(24)		(52)	(24)	(55)
Income tax (expense) benefit			(82)		(83)	(403)	407
Net income			669		699	2,521	2,991
Total stock-based compensation expense	[2]		8		7	26	23
Stock-based compensation expense included in corporate expense	[2]		5		4	16	13
Capital expenditures						756	623
Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			2,112		2,152	6,593	6,430
Adjusted property EBITDA			755		754	2,378	2,293
Capital expenditures						410	351
United States [Member]
Segment Reporting Information [Line Items]
Net revenues					517	1,570	1,666
Adjusted property EBITDA			93		109	419	386
Capital expenditures						155	100
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	[3]		(61)		(63)	(181)	(185)
Intersegment Eliminations [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			(8)		(7)	(23)	(21)
The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			851		857	2,602	2,555
Adjusted property EBITDA			342		344	1,039	1,023
Capital expenditures						75	109
The Venetian Macao [Member] | Intersegment Eliminations [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			(1)		(1)	(3)	(3)
Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			487		537	1,547	1,595
Adjusted property EBITDA			169		188	546	565
Capital expenditures						178	88
The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			381		389	1,249	1,119
Adjusted property EBITDA			120		122	422	352
Capital expenditures						21	101
The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			196		167	631	544
Adjusted property EBITDA			75		53	243	198
Capital expenditures						125	36
Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			171		160	478	494
Adjusted property EBITDA			52		41	135	140
Capital expenditures						10	16
Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			26		42	86	123
Adjusted property EBITDA			(3)		6	(7)	15
Capital expenditures						1	1
Ferry Operations and Other [Member] | Intersegment Eliminations [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			(7)		(6)	(20)	(18)
Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Net revenues			793		766	2,248	2,343
Adjusted property EBITDA			435		419	1,204	1,328
Capital expenditures						134	116
Marina Bay Sands [Member] | Intersegment Eliminations [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Net revenues			(1)		(2)	(3)	(7)
Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues			406		379	1,343	1,258
Adjusted property EBITDA			93		76	367	294
Capital expenditures						153	82
Las Vegas Operating Properties [Member] | Intersegment Eliminations [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues	[4]		(52)		(54)	(155)	(157)
Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues	[5]				138	227	408
Adjusted property EBITDA	[6]		0		33	52	92
Gain on sale of Sands Bethlehem		$ 556
Capital expenditures	[7]					2	18
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Capital expenditures						57	56
Casino [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			2,321		2,413	7,343	7,358
Net revenues			2,321		2,413	7,343	7,358
Casino [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			1,665		1,672	5,251	5,054
Casino [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer					209	527	626
Casino [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[3]		0		0	0	0
Casino [Member] | The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			689		689	2,127	2,082
Casino [Member] | Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			359		400	1,162	1,204
Casino [Member] | The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			312		321	1,042	920
Casino [Member] | The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			146		116	481	394
Casino [Member] | Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			159		146	439	454
Casino [Member] | Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			0		0	0	0
Casino [Member] | Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			553		532	1,565	1,678
Casino [Member] | Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			103		88	328	268
Casino [Member] | Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]				121	199	358
Rooms [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			439		435	1,318	1,298
Net revenues			439		435	1,318	1,298
Rooms [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			186		187	550	544
Rooms [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer					142	464	455
Rooms [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[3]		0		0	0	0
Rooms [Member] | The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			58		58	168	167
Rooms [Member] | Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			81		85	242	245
Rooms [Member] | The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			33		30	97	91
Rooms [Member] | The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			10		10	30	29
Rooms [Member] | Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			4		4	13	12
Rooms [Member] | Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			0		0	0	0
Rooms [Member] | Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			109		106	304	299
Rooms [Member] | Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			144		138	457	443
Rooms [Member] | Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]				4	7	12
Food and Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			199		195	655	642
Net revenues			199		195	655	642
Food and Beverage [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			72		75	226	228
Food and Beverage [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer					67	257	258
Food and Beverage [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[3]		0		0	0	0
Food and Beverage [Member] | The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			17		21	56	62
Food and Beverage [Member] | Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			24		25	74	77
Food and Beverage [Member] | The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			18		17	53	48
Food and Beverage [Member] | The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			7		6	23	21
Food and Beverage [Member] | Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			6		6	20	20
Food and Beverage [Member] | Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			0		0	0	0
Food and Beverage [Member] | Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			61		53	172	156
Food and Beverage [Member] | Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			66		60	246	239
Food and Beverage [Member] | Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]				7	11	19
Mall [Member]
Segment Reporting Information [Line Items]
Net revenues			175		170	501	490
Mall [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			129		126	370	360
Mall [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues					1	1	3
Mall [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	[3]		0		(1)	(1)	(1)
Mall [Member] | The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			65		60	183	169
Mall [Member] | Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			19		19	51	48
Mall [Member] | The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			13		13	40	43
Mall [Member] | The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			32		33	94	97
Mall [Member] | Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			0		1	2	3
Mall [Member] | Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues			0		0	0	0
Mall [Member] | Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Net revenues			46		44	131	128
Mall [Member] | Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues			0		0	0	0
Mall [Member] | Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net revenues	[5]				1	1	3
Convention, Retail and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			116		159	413	466
Net revenues			116		159	413	466
Convention, Retail and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			60		92	196	244
Convention, Retail and Other [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer					98	321	324
Convention, Retail and Other [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[3]		(61)		(62)	(180)	(184)
Convention, Retail and Other [Member] | The Venetian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			22		29	68	75
Convention, Retail and Other [Member] | Sands Cotai Central [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			4		8	18	21
Convention, Retail and Other [Member] | The Parisian Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			5		8	17	17
Convention, Retail and Other [Member] | The Plaza Macao and Four Seasons Hotel Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			1		2	3	3
Convention, Retail and Other [Member] | Sands Macao [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			2		3	4	5
Convention, Retail and Other [Member] | Ferry Operations and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			26		42	86	123
Convention, Retail and Other [Member] | Marina Bay Sands [Member] | Singapore [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			24		31	76	82
Convention, Retail and Other [Member] | Las Vegas Operating Properties [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer			$ 93		93	312	308
Convention, Retail and Other [Member] | Sands Bethlehem [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]				$ 5	$ 9	$ 16
[1]	Consolidated adjusted property EBITDA, which is a non-GAAP financial measure, is net income before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain on sale of Sands Bethlehem, gain or loss on modification or early retirement of debt and income taxes. Consolidated adjusted property EBITDA is a supplemental non-GAAP financial measure used by management, as well as industry analysts, to evaluate operations and operating performance. In particular, management utilizes consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands Corp., have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP. The Company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments and income taxes, which are not reflected in consolidated adjusted property EBITDA. Not all companies calculate adjusted property EBITDA in the same manner. As a result, consolidated adjusted property EBITDA as presented by the Company may not be directly comparable to similarly titled measures presented by other companies.
[2]	During the three months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $8 million and $7 million , respectively, of which $5 million and $4 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. During the nine months ended September 30, 2019 and 2018 , the Company recorded stock-based compensation expense of $26 million and $23 million , respectively, of which $16 million and $13 million , respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations.
[3]	Intercompany eliminations include royalties and other intercompany services.
[4]	Primarily consists of royalties from the Company’s international operations.
[5]	The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019.
[6]	The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Results of operations include Sands Bethlehem through May 30, 2019.
[7]	The Company completed the sale of Sands Bethlehem on May 31, 2019 (see “Note 1 — Organization and Business of Company”). Capital expenditures for Sands Bethlehem are through May 30, 2019.

Leases - Additional Information

Leases - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019
Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, term of contract	25 years
Leasehold interest in land, term of contract, automatic extension	10 years
Macao [Member] | Leaseholds and Leasehold Improvements [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, useful life	50 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	1 month
Lessee, finance lease, renewal term	1 month
Lessor, operating lease, term of contract	1 month
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	40 years
Lessee, finance lease, renewal term	40 years
Lessor, operating lease, term of contract	15 years

Lessee, Assets and Liabilities

Lessee, Assets and Liabilities (Details) $ in Millions	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating lease ROU assets, classification on the balance sheet	us-gaap:OtherAssetsNoncurrent
Operating lease ROU assets	$ 185
Finance lease ROU assets, classification on the balance sheet	us-gaap:PropertyPlantAndEquipmentNet	[1]
Finance lease ROU assets	$ 15	[1]
Operating lease liability, current, classification on the balance sheet	lvs:AccruedLiabilitiesOtherCurrent
Operating lease liability, current	$ 25
Finance lease liability, current, classification on the balance sheet	us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent
Finance lease liability, current	$ 6
Operating lease liability, noncurrent, classification on the balance sheet	us-gaap:OtherLiabilitiesNoncurrent
Operating lease liability, noncurrent	$ 299
Finance lease liability, noncurrent, classification on the balance sheet	us-gaap:LongTermDebtAndCapitalLeaseObligations
Finance lease liability, noncurrent	$ 9
Finance lease right of use assets [Member]
Lessee, Lease, Description [Line Items]
Accumulated depreciation	$ 5	[1]
[1]	Finance lease ROU assets are recorded net of accumulated depreciation of $5 million as of September 30, 2019 .

Lessee, Other Lease Information

Lessee, Other Lease Information (Details)	Sep. 30, 2019
Leases [Abstract]
Operating leases, weighted average remaining lease term	32 years 3 months 18 days
Finance leases, weighted average remaining lease term	2 years 7 months 6 days
Operating leases, weighted average discount rate, percent	4.50%	[1]
Finance leases, weighted average discount rate, percent	3.80%
[1]	Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.

Lessee, Lease Expense Component

Lessee, Lease Expense Components (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Amortization of leasehold interests in land	$ 14	$ 8	$ 37	$ 26
Operating lease cost	9		24
Short-term lease cost	4		14
Variable lease cost	2		4
Amortization of ROU assets	1		3
Total lease cost	$ 30		$ 82

Lessee, Supplemental Cash Flow

Lessee, Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating cash flows for operating leases	$ 8	$ 27
Operating cash flows for finance leases	1	1
Financing cash flows for finance leases	$ 1	$ 3

Lessee, Lease Liability Maturit

Lessee, Lease Liability Maturity (Details) $ in Millions	Sep. 30, 2019USD ($)
Operating Leases
2019 (excluding the nine months ended September 30, 2019)	$ 10
2020	28
2021	25
2022	24
2023	24
Thereafter	556
Total future minimum lease payments	667
Less — amount representing interest	(343)
Present value of future minimum lease payments	324
Less — current lease obligations	(25)
Long-term lease obligations	299
Finance Leases
2019 (excluding the nine months ended September 30, 2019)	2
2020	6
2021	6
2022	2
2023	0
Thereafter	0
Total future minimum lease payments	16
Less — amount representing interest	(1)
Present value of future minimum lease payments	15
Less — current lease obligations	(6)
Long-term lease obligations	$ 9

Lessor, Lease Revenue Component

Lessor, Lease Revenue Components (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Mall
Lessor, Lease, Description [Line Items]
Minimum rents	$ 129	$ 387
Overage rents	19	38
Lease revenue	148	425
Other
Lessor, Lease, Description [Line Items]
Minimum rents	5	12
Overage rents	0	1
Lease revenue	$ 5	$ 13

Lessor, Future Minimum Rentals

Lessor, Future Minimum Rentals (Details) $ in Millions	Sep. 30, 2019USD ($)
Mall
Lessor, Lease, Description [Line Items]
2019 (excluding the nine months ended September 30, 2019)	$ 127
2020	455
2021	360
2022	259
2023	122
Thereafter	171
Total minimum future rentals	1,494
Other
Lessor, Lease, Description [Line Items]
2019 (excluding the nine months ended September 30, 2019)	3
2020	9
2021	9
2022	5
2023	4
Thereafter	8
Total minimum future rentals	$ 38

Lessor, Leased Property and Equ

Lessor, Leased Property and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Lessor, Lease, Description [Line Items]
Property and equipment, net	$ 14,590	$ 15,154
Assets Leased to Others [Member]
Lessor, Lease, Description [Line Items]
Property and equipment, at cost	1,299
Accumulated depreciation	(508)
Property and equipment, net	$ 791