Las Vegas Sands (LVS) 10-K 4 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 01, 2022	Jun. 30, 2021
Cover [Abstract]
Document type	10-K
Document annual report	true
Current fiscal year end date	--12-31
Document period end date	Dec. 31, 2021
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 or town	Las Vegas,
Entity address, state or province	NV
Entity address, postal zip code	89109
City area code	702
Local phone number	923-9000
Title of 12(b) security	Common Stock ($0.001 par value)
Trading symbol	LVS
Security exchange name	NYSE
Entity well-known seasoned issuer	Yes
Entity voluntary filers	No
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
ICFR Auditor Attestation Flag	true
Entity shell company	false
Entity public float			$ 17,432,074,780
Entity common stock, shares outstanding		763,989,752
Documents incorporated by reference	Portions of the definitive Proxy Statement to be used in connection with the registrant's 2022 Annual Meeting of Stockholders are incorporated into Part III (Item 10 through Item 14) of this Annual Report on Form 10-K.
Entity central index key	0001300514
Document fiscal year focus	2021
Document fiscal period focus	FY
Amendment flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Las Vegas, Nevada

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,854	$ 2,082
Restricted cash and cash equivalents	16	16
Accounts receivable, net of provision for credit losses of $232 and $255	202	252
Inventories	22	22
Prepaid expenses and other	113	113
Current assets of discontinued operations held for sale	3,303	3,222
Total current assets	5,510	5,707
Property and equipment, net	11,850	12,280
Deferred income taxes, net	297	318
Leasehold interests in land, net	2,166	2,256
Intangible assets, net	19	25
Other assets, net	217	221
Total assets	20,059	20,807
Current liabilities:
Accounts payable	77	89
Construction payables	227	336
Other accrued liabilities	1,334	1,474
Income taxes payable	32	87
Current maturities of long-term debt and finance leases	74	75
Current liabilities of discontinued operations held for sale	821	755
Total current liabilities	2,565	2,816
Other long-term liabilities	352	336
Deferred income taxes	173	188
Long-term debt and finance leases	14,721	13,929
Total liabilities	17,811	17,269
Commitments and contingencies (Note 15)
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 shares issued, 764 shares outstanding	1	1
Treasury stock, at cost, 69 shares	(4,481)	(4,481)
Capital in excess of par value	6,646	6,611
Accumulated other comprehensive income (loss)	(22)	29
Retained earnings (loss)	(148)	813
Total Las Vegas Sands Corp. stockholders' equity	1,996	2,973
Noncontrolling interests	252	565
Total equity	2,248	3,538
Total liabilities and equity	$ 20,059	$ 20,807

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss, current	$ 232	$ 255
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
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	1,000,000,000	1,000,000,000
Common stock, shares issued	833,000,000	833,000,000
Common stock, shares outstanding	764,000,000	764,000,000
Treasury stock, shares	69,000,000	69,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Net revenues	$ 4,234	$ 2,940	$ 12,127
Operating expenses:
Provision for credit losses	3	86	22
General and administrative	831	798	1,118
Corporate	211	168	313
Pre-opening	19	19	34
Development	109	18	24
Depreciation and amortization	1,041	997	1,020
Amortization of leasehold interests in land	56	55	51
Loss on disposal or impairment of assets	27	73	81
Total operating expenses	4,923	4,333	8,762
Operating income (loss)	(689)	(1,393)	3,365
Other income (expense):
Interest income	4	21	74
Interest expense, net of amounts capitalized	(621)	(523)	(449)
Other income (expense)	(31)	19	56
Gain on sale of Sands Bethlehem	0	0	556
Loss on modification or early retirement of debt	(137)	0	(2)
Income (loss) from continuing operations before income taxes	(1,474)	(1,876)	3,600
Income tax (expense) benefit	5	(24)	(432)
Net income (loss) from continuing operations	(1,469)	(1,900)	3,168
Income (loss) from discontinued operations, net of income taxes	193	(243)	136
Net income (loss)	(1,276)	(2,143)	3,304
Net (income) loss attributable to noncontrolling interests from continuing operations	315	458	(606)
Net income (loss) attributable to Las Vegas Sands Corp.	$ (961)	$ (1,685)	$ 2,698
Earnings (loss) per share - Basic:
Income (loss) from continuing operations, per basic share	$ (1.51)	$ (1.89)	$ 3.32
Income (loss) from discontinued operations, net of tax, per basic share	0.25	(0.32)	0.18
Basic (in usd per share)	(1.26)	(2.21)	3.50
Income (loss) from continuing operations, per diluted share	(1.51)	(1.89)	3.32
Income (loss) from discontinued operations, net of tax, per diluted share	0.25	(0.32)	0.18
Diluted (in usd per share)	$ (1.26)	$ (2.21)	$ 3.50
Weighted average shares outstanding:
Basic (in shares)	764	764	771
Diluted (in shares)	764	764	771
Casino [Member]
Revenues:
Net revenues	$ 2,892	$ 2,041	$ 9,384
Operating expenses:
Cost of revenue	2,068	1,585	5,073
Rooms [Member]
Revenues:
Net revenues	415	280	1,142
Operating expenses:
Cost of revenue	164	136	255
Food and Beverage [Member]
Revenues:
Net revenues	199	156	550
Operating expenses:
Cost of revenue	244	236	467
Mall [Member]
Revenues:
Net revenues	649	381	716
Operating expenses:
Cost of revenue	65	59	78
Convention, Retail and Other [Member]
Revenues:
Net revenues	79	82	335
Operating expenses:
Cost of revenue	$ 85	$ 103	$ 226

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,276)	$ (2,143)	$ 3,304
Currency translation adjustment	(51)	37	42
Cash flow hedge fair value adjustment	(4)	0	0
Total comprehensive income (loss)	(1,331)	(2,106)	3,346
Comprehensive (income) loss attributable to noncontrolling interests	319	453	(611)
Comprehensive income (loss) attributable to Las Vegas Sands Corp.	$ (1,012)	$ (1,653)	$ 2,735

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock [Member]	Capital in Excess of Par Value [Member]	Accumulated Foreign Currency Adjustment Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]
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 (loss)	3,304					2,698	606
Currency translation adjustment	42				37		5
Cash flow hedge fair value adjustment	0
Exercise of stock options	54			43			11
Stock-based compensation	35			31			4
Disposition of interest in majority-owned subsidiary, net of taxes	81			(185)			266
Repurchase of common stock	(754)		(754)
Dividends declared and noncontrolling interest payments	(3,000)					(2,367)	(633)
Ending balance at Dec. 31, 2019	6,507	1	(4,481)	6,569	(3)	3,101	1,320
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,143)					(1,685)	(458)
Currency translation adjustment	37				32		5
Cash flow hedge fair value adjustment	0
Exercise of stock options	24			22			2
Stock-based compensation	23			19			4
Other	1			1
Dividends declared and noncontrolling interest payments	(911)					(603)	(308)
Ending balance at Dec. 31, 2020	3,538	1	(4,481)	6,611	29	813	565
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,276)					(961)	(315)
Currency translation adjustment	(51)				(48)		(3)
Cash flow hedge fair value adjustment	(4)				(3)		(1)
Exercise of stock options	19			15			4
Stock-based compensation	22			20			2
Ending balance at Dec. 31, 2021	$ 2,248	$ 1	$ (4,481)	$ 6,646	$ (22)	$ (148)	$ 252

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	Mar. 26, 2020	Dec. 26, 2019	Sep. 26, 2019	Jun. 27, 2019	Mar. 28, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, dividends declared (per share)	$ 0.79	$ 0.77	$ 0.77	$ 0.77	$ 0.77	$ 0.79	$ 3.08

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Cash flows from operating activities from continuing operations:
Net income (loss) from continuing operations	$ (1,469)	$ (1,900)	$ 3,168
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities:
Depreciation and amortization	1,041	997	1,020
Amortization of leasehold interests in land	56	55	51
Amortization of deferred financing costs and original issue discount	52	43	30
Change in fair value of derivative asset/liability	(1)	0	0
Loss on modification or early retirement of debt	137	0	2
Loss on disposal or impairment of assets	16	39	72
Gain on sale of Sands Bethlehem	0	0	(556)
Stock-based compensation expense	22	22	35
Provision for credit losses	3	86	22
Foreign exchange (gain) loss	34	(20)	(21)
Deferred income taxes	(45)	24	146
Changes in operating assets and liabilities:
Accounts receivable	43	339	(118)
Other assets	(5)	14	(15)
Leasehold interests in land	0	0	(969)
Accounts payable	(11)	(42)	(13)
Other liabilities	(116)	(848)	(51)
Net cash generated from (used in) operating activities from continuing operations	(243)	(1,191)	2,803
Cash flows from investing activities from continuing operations:
Net proceeds from sale of Sands Bethlehem	0	0	1,161
Capital expenditures	(828)	(1,227)	(1,018)
Proceeds from disposal of property and equipment	7	1	5
Acquisition of intangible assets and other	(11)	0	(53)
Net cash generated from (used in) investing activities from continuing operations	(832)	(1,226)	95
Cash flows from financing activities continuing operations:
Proceeds from exercise of stock options	19	24	54
Repurchase of common stock	0	0	(754)
Dividends paid and noncontrolling interest payments	0	(911)	(3,000)
Proceeds from long-term debt (Note 10)	2,702	1,945	4,000
Repayments of long-term debt (Note 10)	(1,867)	(467)	(51)
Payments of financing costs	(38)	(31)	(132)
Make-whole premium on early extinguishment of debt (Note 10)	(131)	0	0
Transactions with discontinued operations	178	(205)	(3,445)
Net cash generated from (used in) financing activities from continuing operations	863	355	(3,328)
Cash flows from discontinued operations:
Net cash generated from (used in) operating activities	258	(121)	235
Net cash used in investing activities	(63)	(103)	(198)
Net cash provided (to) by continuing operations and (used in) financing activities	(179)	205	(40)
Net cash generated from (used in) discontinued operations	16	(19)	(3)
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents	(16)	(24)	14
Decrease in cash, cash equivalents and restricted cash and cash equivalents	(212)	(2,105)	(419)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year	2,137	4,242	4,661
Cash, cash equivalents and restricted cash and cash equivalents at end of year	1,925	2,137	4,242
Less: cash, cash equivalents and restricted cash and cash equivalents at end of period for discontinued operations	(55)	(39)	(58)
Cash, cash equivalents and restricted cash at end of period for continuing operations	$ 1,870	$ 2,098	$ 4,184

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURES - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental disclosure of cash flow information from continuing operations:
Cash payments for interest, net of amounts capitalized	$ 591	$ 419	$ 373
Cash payments for taxes, net of refunds	86	196	253
Changes in construction payables	$ (109)	$ 17	$ 145

Organization and Business of Co

Organization and Business of Company	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business of Company	Organization and Business of Company Las Vegas Sands Corp. ("LVSC" or together with its subsidiaries, the "Company") is incorporated in Nevada and its common stock is traded on the New York Stock Exchange under the symbol "LVS." The ordinary shares of the Company's subsidiary, Sands China Ltd. ("SCL," the indirect owner and operator of the majority of the Company's operations in the Macao Special Administrative Region ("Macao") of the People's Republic of China) are listed on The Main Board of The Stock Exchange of Hong Kong Limited. The shares were not, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent a registration under the Securities Act of 1933, as amended, or an applicable exception from such registration requirements. COVID-19 Pandemic Update In early January 2020, an outbreak of a respiratory illness caused by a novel coronavirus (“COVID-19”) was identified and the disease spread rapidly across the world causing the World Health Organization to declare the outbreak of a pandemic on March 12, 2020 (the “COVID-19 Pandemic”). Governments around the world mandated actions to contain the spread of the virus that included stay-at-home orders, quarantines, capacity limits, closures of non-essential businesses, including entertainment activities, and significant restrictions on travel. The government actions varied based upon a number of factors, including the extent and severity of the COVID-19 Pandemic within their respective countries and jurisdictions. Macao Visitation to the Macao Special Administrative Region (“Macao”) of the People’s Republic of China (“China”) has remained substantially below pre-COVID-19 levels as a result of various government policies limiting or discouraging travel. As of the date of this report, other than people from mainland China who in general may enter Macao without quarantine subject to them holding the appropriate travel documents, a negative COVID-19 test result issued within a specified time period and a green health-code, there remains in place a complete ban on entry or a need to undergo various quarantine requirements depending on the person’s residency and recent travel history. The Company’s operations in Macao will continue to be impacted and subject to changes in the government policies of Macao, China, Hong Kong and other jurisdictions in Asia addressing travel and public health measures associated with COVID-19. On March 3, 2021, the negative COVID-19 test requirement to enter casinos was removed; however, various other health safeguards implemented by the Macao government remain in place, including mandatory mask protection, limitation on the number of seats per table game, slot machine spacing and temperature checks. Management is currently unable to determine when the remaining measures will be eased or cease to be necessary. As of the date of this report, most businesses are allowed to remain open, subject to social distancing and health code checking requirements as designated by the Macao government. In January 2022, the Macao government commenced the roll out and trial of a non-mandatory contact tracing QR code function at a range of businesses including government buildings, restaurants, hotels and other public venues. In support of the Macao government’s initiatives to fight the COVID-19 Pandemic, the Company provided one tower (approximately 2,100 hotel rooms) at the Sheraton Grand Macao to the Macao government to house individuals who returned to Macao for quarantine purposes. This tower has been utilized for quarantine purposes on several occasions during 2020 and 2021. From October 4, 2021 to October 30, 2021, an additional tower (approximately 1,800 hotel rooms) at the Sheraton Grand Macao was provided. The Company’s Macao gaming operations remained open during the year ended December 31, 2021, compared to the same period in 2020 when the Company’s Macao gaming operations were suspended from February 5, 2020 to February 19, 2020 due to a government mandate, except for gaming operations at The Londoner Macao, which resumed on February 27, 2020. Some of the Company’s Macao hotel facilities were also closed during the casino suspension in response to the decrease in visitation and were gradually reopened from February 20, 2020, with the exception of the Conrad Macao at The Londoner Macao (the “Conrad hotel”), which reopened on June 13, 2020. Operating hours at restaurants and other venues across the Company’s Macao properties are continuously being adjusted in line with fluctuations in guest visitation. The majority of retail outlets in the Company’s various shopping malls are open with reduced operating hours. The timing and manner in which these areas will return to full operation are currently unknown. The Company’s ferry operations between Macao and Hong Kong remain suspended. The timing and manner in which the Company’s ferry operations will be able to resume are currently unknown. The Company’s operations in Macao have been significantly impacted by the reduced visitation to Macao. The Macao government announced total visitation from mainland China to Macao increased 48.2% and decreased 74.8% for 2021, as compared to 2020 and 2019, respectively. The Macao government also announced gross gaming revenue increased by 43.7% and decreased by 70.3% for 2021, as compared to 2020 and 2019, respectively. Singapore As of the date of this report, entry into Singapore is largely limited to Singapore citizens and permanent residents, with certain visitors allowed from specified countries on a quarantine-free basis, subject to certain requirements and health control measures. Additionally, there are no stay-at-home orders or curfews except for certain individuals arriving into Singapore who are subject to quarantine and individuals who may be assessed to have been exposed to COVID-19 as a result of the government’s contact tracing efforts. All operations are currently subject to limited capacities and other social distancing measures. As of the date of this report, Marina Bays Sands has implemented vaccination-differentiated safe management measures ("VDS"), allowing only fully vaccinated individuals; individuals who have recovered from COVID-19 within the past 180 days; or individuals medically ineligible for COVID-19 vaccination to enter the casino and other attractions. Vaccinated Travel Lanes (VTLs) (travel corridors for vaccinated visitors in receipt of a negative COVID-19 test) were introduced for a number of key source markets in November and December of 2021, however, due to the emergence of the Omicron variant, new ticket sales for the VTLs were suspended on December 23, 2021 through January 20, 2022. The Company’s operations at Marina Bay Sands will continue to be impacted and subject to changes in the government policies of Singapore and other jurisdictions in Asia addressing travel and public health measures associated with COVID-19. These government policies will continue to impact (i) the number of people allowed at business-to-business events, sporting events and live performances; (ii) closure or limited seating at food and beverage or entertainment establishments; and (iii) casino capacity limits, among other restrictions. During the year ended December 31, 2021, gaming operations at Marina Bay Sands were closed from May 17 until May 18, and from July 22 until August 4 due to pandemic-related measures in consultation with the Singapore government authorities. As a result of the border closures, visitation to Marina Bay Sands continues to be impacted by the effects of the COVID-19 Pandemic. The Singapore Tourism Board (“STB”) announced for the 12 months ended December 31, 2021, total visitation to Singapore decreased approximately 88.0% and 98.3%, as compared to the same period in 2020 and 2019, respectively. Las Vegas Effective June 1, 2021, pursuant to State of Nevada and Nevada Gaming Control Board decisions, all capacity limits, restrictions on large gatherings and other restrictions, which had been implemented in response to the impact of the COVID-19 Pandemic, were lifted and the Company’s Las Vegas Operating Properties are operating under pre-pandemic guidelines. During the year ended December 31, 2021, the Company’s Las Vegas Operating Properties were open subject to various capacity limits in place at various times throughout the year. This compares to the same period in 2020 when the Company’s Las Vegas Operating Properties operations were suspended on March 18, 2020, due to a government mandate, and on June 4, 2020, The Venetian Tower, The Palazzo Tower and select food and beverage outlets reopened, with certain operations subject to reduced capacity. Convention, meeting and certain entertainment related operations remained closed for a portion of the year ended December 31, 2020. Visitation to the Company’s Las Vegas Operating Properties continues to be impacted by the effects of the COVID-19 Pandemic; however, visitation has increased since restrictions have been lifted. The Las Vegas Convention and Visitors Authority ("LVCVA") announced for the twelve months ended December 31, 2021, total visitation to Las Vegas increased 69.4% and decreased 24.2%, respectively, as compared to the same period in 2020 and 2019. The LVCVA also announced for the twelve months ended December 31, 2021, gross gaming revenue for the Las Vegas Strip increased 89.9%, and 7.6%, as compared to the same period in 2020 and 2019, respectively. Summary The disruptions arising from the COVID-19 Pandemic continued to have a significant adverse impact on the Company’s financial condition and operations during the year ended December 31, 2021. The duration and intensity of this global health emergency and related disruptions are uncertain. Given the dynamic nature of these circumstances, the impact on the Company’s consolidated results of operations, cash flows and financial condition may continue to be material in the future, but cannot be reasonably estimated at this time as it is unknown when the impact of the COVID-19 Pandemic will end, when or how quickly the current travel and operational restrictions will be modified or cease to be necessary and the resulting impact on the Company’s business and the willingness of tourism patrons to spend on travel and entertainment and business patrons to spend on MICE. While each of the Company’s properties were open and operating at reduced levels due to lower visitation and the implementation of required safety measures during the year ended December 31, 2021, the current economic and regulatory environment on a global basis and in each of the Company’s jurisdictions continues to evolve. The Company cannot predict the manner in which governments will react as the global and regional impact of the COVID-19 Pandemic changes over time, which could significantly alter the Company’s current operations. The Company has a strong balance sheet and sufficient liquidity in place, including total cash and cash equivalents balance, excluding restricted cash and cash equivalents, of $1.85 billion and access to $1.50 billion, $1.75 billion and $438 million of available borrowing capacity from the LVSC Revolving Facility, 2018 SCL Revolving Facility and the 2012 Singapore Revolving Facility, respectively, and 3.69 billion Singapore dollars (“SGD,” approximately $2.73 billion at exchange rates in effect on December 31, 2021) under the Singapore Delayed Draw Term Facility, exclusively for capital expenditures for the MBS Expansion Project, as later defined, (subject to restrictions as described in Note 10 — Long-Term Debt), as of December 31, 2021. The Company believes it is able to support continuing operations, complete the major construction projects that are underway and respond to the current COVID-19 Pandemic challenges. The Company has taken various mitigating measures to manage through the current environment, including a cost and capital expenditure reduction program to minimize cash outflow for non-essential items. Macao Subconcession Gaming in Macao is administered by the government through concession agreements awarded to three different concessionaires and three subconcessionaires, of which Venetian Macau Limited (“VML,” a subsidiary of Sands China Ltd.) is one. These concession agreements expire on June 26, 2022. If VML’s subconcession is not extended or renewed, VML may be prohibited from conducting gaming operations in Macao, and VML could cease to generate revenues from the gaming operations when the subconcession agreement expires on June 26, 2022. In addition, all of VML’s casino premises and gaming-related equipment could be automatically transferred to the Macao government without any compensation to VML. On January 18, 2022, the Macao Legislative Assembly published a draft bill entitled Amendment to Law No. 16/2001 to amend Macao’s gaming Law 16/2002 (the “Gaming Law”). Certain changes to the Gaming Law set out in the draft bill include a reduction in the term of future gaming concessions to ten (10) years; authorization of up to six (6) gaming concession contracts; an increase in the minimum capital contribution of concessionaires to 5 billion patacas (approximately $622 million at exchange rates in effect on December 31, 2021); and a prohibition of revenue sharing arrangements between gaming promoters and concessionaires. The Company is actively monitoring developments with respect to the Macao government’s Gaming Law amendment and concession renewal process and continues to believe it will be successful in extending the term of its subconcession and/or obtaining a new gaming concession when its current subconcession expires; however, it is possible the Macao government could further change or interpret the associated gaming laws in a manner that could negatively impact the Company. Under the Company’s SCL senior notes indentures, upon the occurrence of any event resulting from any change in Gaming Law (as defined in the indentures) after which none of Sands China Ltd. (“SCL”) or any of its subsidiaries own or manage casino or gaming areas or operate casino games of fortune and chance in Macao in substantially the same manner as they are owning or managing casino or gaming areas or operating casino games as of the issue date of the SCL senior notes, for a period of 30 consecutive days or more, and such event has a material adverse effect on the financial condition, business, properties or results of operations of SCL and its subsidiaries, taken as a whole, each holder of the SCL senior notes would have the right to require the Company to repurchase all or any part of such holder's SCL senior notes at par, plus any accrued and unpaid interest (the “Investor Put Option”). Additionally, under the 2018 SCL Credit Facility, the events that trigger an Investor Put Option under the SCL senior notes (as described above) would be an event of default, which may result in commitments being immediately cancelled, in whole or in part, and the related outstanding balances and accrued interest, if any, becoming immediately due and payable. The subconcession not being extended or renewed and the potential impact if holders of the notes and the agent have the ability to, and make the election to, accelerate the repayment of the Company’s debt would have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows. The Company intends to follow the process for a concession renewal once the process and requirements are announced by the Macao government. Operations The Company is a developer of destination properties ("Integrated Resorts") that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. Macao The Company currently owns 69.9% of SCL, which includes the operations of The Venetian Macao Resort Hotel ("The Venetian Macao"), The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip (the "Four Seasons Macao"), Sands Macao and other ancillary operations that support these properties, as further discussed below. The Company operates the gaming areas within these properties pursuant to a 20-year gaming subconcession agreement, which expires in June 2022. The Venetian Macao anchors the Cotai Strip, the Company's master-planned development of Integrated Resorts on an area of approximately 140 acres in Macao. The Venetian Macao includes a 39-floor luxury hotel with over 2,900 suites; approximately 374,000 square feet of gaming space; a 15,000-seat arena; an 1,800-seat theater; a mall with retail and dining space of approximately 945,000 square feet; and a convention center and meeting room complex of approximately 1.2 million square feet. The Londoner Macao (previously Sands Cotai Central) is the Company's largest Integrated Resort on the Cotai Strip and is located across the street from The Venetian Macao, The Parisian Macao and The Plaza Macao and Four Seasons Macao. The Londoner Macao is the result of the renovation, expansion and rebranding of Sands Cotai Central, which included the addition of extensive thematic elements both externally and internally. Construction work on The Londoner Macao Hotel and Londoner Court was completed in 2021. The Company anticipates the Londoner Arena, expansion of the Shoppes at Londoner and other amenities to be completed before the end of 2022. The Londoner Macao presents a range of new attractions and features, including some of London’s most recognizable landmarks, such as the Houses of Parliament and the Elizabeth Tower (commonly known as "Big Ben"), and interactive guest experiences. The Londoner Macao Hotel opened in January 2021 with 594 London-themed suites, including 14 exclusive Suites by David Beckham. The Integrated Resort also features Londoner Court, which opened on September 16, 2021, and includes approximately 370 luxury suites. The expansion of our retail offerings was rebranded as Shoppes at Londoner in 2021. The Integrated Resort features four hotel towers. The first hotel tower includes approximately 650 five-star rooms and suites under the Conrad brand and The Londoner Macao Hotel. The second hotel tower consists of approximately 1,800 rooms and suites under the Sheraton brand. The third hotel tower consists of approximately 2,100 rooms and suites under the Sheraton brand. The fourth hotel tower consists of Londoner Court and approximately 400 rooms and suites under the St. Regis brand. Within The Londoner Macao, the Company also owns and currently operates approximately 351,000 square feet of gaming space, approximately 369,000 square feet of meeting space and approximately 532,000 square feet of retail space, as well as entertainment and dining facilities. The Parisian Macao is an Integrated Resort connected to The Venetian Macao and The Plaza Macao and Four Seasons Macao, which includes approximately 248,000 square feet of gaming space. The Parisian Macao also features approximately 2,500 rooms and suites; approximately 296,000 square feet of retail and dining space; a meeting room complex of approximately 63,000 square feet; and a 1,200-seat theater. The Plaza Macao and Four Seasons Macao features 360 rooms and suites managed and operated by FS Macau Lda. and is located adjacent and connected to The Venetian Macao. Within the Integrated Resort, the Plaza Casino features approximately 127,000 square feet of gaming space; 19 Paiza mansions; retail space of approximately 244,000 square feet, which is connected to the mall at The Venetian Macao; several food and beverage offerings; and conference, banquet and other facilities. The Grand Suites at Four Seasons opened in October 2020 and features 289 luxury suites. The Sands Macao, the first Las Vegas-style casino in Macao, offers approximately 212,000 square feet of gaming space and a 289-suite hotel tower, as well as several restaurants, VIP facilities, a theater and other high-end services and amenities. Singapore The Company owns and operates the Marina Bay Sands in Singapore, which features three 55-story hotel towers (totaling approximately 2,600 rooms and suites), the Sands SkyPark (which sits atop the hotel towers and features an infinity swimming pool and several dining options), approximately 160,000 square feet of gaming space, an enclosed retail, dining and entertainment complex of approximately 800,000 net leasable square feet, a convention center and meeting room complex of approximately 1.2 million square feet, a theater and a landmark iconic structure at the bay-front promenade that contains an art/science museum. The Company recently announced an expansion project at Marina Bay Sands, as further described below. United States Las Vegas The Company owns and operates The Venetian Resort Hotel Casino ("The Venetian Resort Las Vegas"), with three hotel towers, which include The Venetian Tower, a Renaissance Venice-themed resort; the adjoining Venezia Tower; The Palazzo Tower, a resort featuring modern European ambience and design; and an expo and convention center of approximately 1.2 million square feet (the "Sands Expo Center," together with The Venetian Resort Las Vegas, the "Las Vegas Operating Properties"). The Las Vegas Operating Properties, situated on the Las Vegas Strip, is an Integrated Resort with approximately 7,100 suites; approximately 225,000 square feet of gaming space; 2.3 million gross square feet of state-of-the-art exhibition and meeting facilities that can be configured to provide small, mid-size or large meeting rooms and/or accommodate large-scale multi-media events or trade shows. The Company is working with Madison Square Garden Company ("MSG") to bring a 875,000-square-foot venue built specifically for music and entertainment to Las Vegas. MSG is currently building the MSG Sphere at The Venetian, an 18,000-seat venue, which will be located near, with connectivity to, the Las Vegas Operating Properties and is currently expected to open in 2023. Development Projects The Company regularly evaluates opportunities to improve its product offerings, such as refreshing its meeting and convention facilities, suites and rooms, retail malls, restaurant and nightlife mix and its gaming areas, as well as other anticipated revenue generating additions to the Company's Integrated Resorts. Macao The Londoner Macao is the result of our renovation, expansion and rebranding of Sands Cotai Central, which included the addition of extensive thematic elements both externally and internally. Construction work on The Londoner Macao Hotel and Londoner Court was completed in 2021. The Company anticipates the Londoner Arena, expansion of the Shoppes at Londoner and other amenities to be completed before the end of 2022. The Londoner Macao features new attractions and features internally and externally from London, including some of London’s most recognizable landmarks, such as the Houses of Parliament and the Elizabeth Tower (commonly known as "Big Ben"), and interactive guest experiences. The Londoner Macao Hotel opened in January 2021 with 594 London-themed suites, including 14 exclusive Suites by David Beckham. The Integrated Resort also features Londoner Court, which opened on September 16, 2021, and includes approximately 370 luxury suites. The expansion of the retail offerings has been rebranded as Shoppes at Londoner in 2021. The Company anticipates the total costs associated with The Londoner Macao development project described above and the completed The Grand Suites at Four Seasons to be approximately $2.2 billion, of which $2.0 billion was spent as of December 31, 2021. The Company expects to fund its developments through a combination of cash on hand, borrowings from the 2018 SCL Credit Facility and surplus from operating cash flows. Singapore 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, the MBS Expansion Project, which will include a hotel tower with a rooftop attraction, convention and meeting facilities and a state-of-the-art live entertainment arena with approximately 15,000 seats. 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 December 31, 2021). 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). The Company amended its 2012 Singapore Credit Facility to provide for the financing of the development and construction costs, fees and other expenses related to the MBS Expansion Project pursuant to the Development Agreement. On September 7, 2021, the Company further amended the 2012 Singapore Credit Facility, which, among other things, extended the deadline for delivering the construction cost estimate and the construction schedule for the MBS Expansion Project to March 31, 2022. The Company is in the process of reviewing the budget and timing of the MBS expansion based on the impact of the COVID-19 Pandemic and other factors. If the Company does not meet the March 31, 2022 deadline, the Company will not be permitted to make further draws on the Singapore Delayed Draw Term Facility until these items are delivered to lenders. Other The Company continues to evaluate current development projects in each of its markets and pursue new development opportunities globally. Discontinued Operations Held for Sale On March 2, 2021, the Company entered into definitive agreements to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center (collectively referred to as the “Las Vegas Operations”) for a total enterprise value of $6.25 billion to Pioneer OpCo, LLC, an affiliate of certain funds managed by affiliates of Apollo Global Management, Inc., and VICI Properties L.P. The Company currently anticipates the closing of the transaction in the first quarter of 2022, subject to regulatory review and other closing conditions. Additionally, as discussed in “Note 3 — Held for Sale — Discontinued Operations,” the Company concluded the Las Vegas Operations met the criteria for held for sale and discontinued operations beginning in the first quarter of 2021. As a result, the Las Vegas Operations is presented in the accompanying consolidated statements of operations and cash flows as a discontinued operation for all periods presented. Current and non-current assets and liabilities of the Las Vegas Operations are presented in the accompanying consolidated balance sheets as current assets and liabilities held for sale for all periods presented. Unless otherwise noted, amounts and disclosures throughout these Notes to Consolidated Financial Statements relate to the Company's continuing operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and variable interest entities in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could vary from those estimates. Cash and Cash Equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of less than 90 days. Such investments are carried at cost, which is a reasonable estimate of their fair value. Cash equivalents are placed with high credit quality financial institutions and are primarily in money market funds. Restricted cash represents those amounts contractually reserved for substantial mall-related repairs and maintenance expenditures. The estimated fair value of the Company's cash equivalents is based on level 1 inputs (quoted market prices in active markets). Accounts Receivable and Credit Risk Accounts receivable is comprised of casino, hotel, mall and other receivables, which do not bear interest and are recorded at amortized cost. The Company extends credit to approved casino patrons following background checks and investigations of creditworthiness. The Company also extends credit to gaming promoters in Macao. These receivables can be offset against commissions payable to the respective gaming promoters. Business or economic conditions, the legal enforceability of gaming debts, foreign currency control measures or other significant events in foreign countries could affect the collectability of receivables from patrons and gaming promoters residing in these countries. Accounts receivable primarily consists of casino receivables. Other than casino receivables, there is no other concentration of credit risk with respect to accounts receivable. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit evaluation process, credit policies, credit control and collection procedures, and also believes there are no concentrations of credit risk for which a provision has not been established. Although management believes the provision is adequate, it is possible the estimated amount of cash collections with respect to accounts receivable could change. Inventories Inventories consist primarily of food, beverage, retail products and operating supplies, which are stated at the lower of cost or net realizable value. Cost is determined by the weighted average and specific identification methods. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment losses, if any. Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years The estimated useful lives are based on the nature of the assets as well as current operating strategy and legal considerations, such as contractual life, and are periodically reviewed. Future events, such as property expansions, property developments, new competition or new regulations, could result in a change in the manner in which the Company uses certain assets requiring a change in the estimated useful lives of such assets. Maintenance and repairs that neither materially add to the value of the asset nor appreciably prolong its life are charged to expense as incurred. Gains or losses on disposition of property and equipment are included in the consolidated statements of operations. The Company evaluates its property and equipment and other long-lived assets for impairment in accordance with related accounting standards. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is estimated based on comparable asset sales, solicited offers or a discounted cash flow model. Fixed assets are reviewed for impairment whenever indicators of impairment exist. Determining the recoverability of the Company's asset groups is judgmental in nature and requires the use of significant estimates and assumptions, including estimated cash flows, probability weighting of potential scenarios, costs to complete construction for assets under development, growth rates and future market conditions, among others. Future changes to the Company's estimates and assumptions based upon changes in macro-economic factors, regulatory environments, operating results or management's intentions may result in future changes to the recoverability of these asset groups. 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 right-of-use ("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. Capitalized Interest and Internal Costs Interest costs associated with major construction projects are capitalized and included in the cost of the projects. When no debt is incurred specifically for construction projects, interest is capitalized on amounts expended using the weighted average cost of the Company's outstanding borrowings. Capitalization of interest ceases when the project is substantially complete or construction activity is suspended for more than a brief period. During the years ended December 31, 2021, 2020 and 2019, the Company capitalized $15 million, $21 million and $9 million, respectively, of interest expense. During the years ended December 31, 2021, 2020 and 2019, the Company capitalized approximately $49 million, $37 million and $27 million, respectively, of internal costs, consisting primarily of compensation expense for individuals directly involved with the development and construction of property. Deferred Financing Costs and Original Issue Discounts Certain direct and incremental costs and discounts incurred in obtaining loans are capitalized and amortized to interest expense based on the terms of the related debt instruments using the effective interest method. Leasehold Interests in Land Leasehold interests in land represent payments for the use of land over an extended period of time. The leasehold interests in land are amortized on a straight-line basis over the expected term of the related lease agreements. Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s mall tenants, convention sales and entertainment and ferry ticket sales. These contracts can be written, oral or implied by customary business practices. Gross casino revenue is the aggregate of gaming wins and losses. The commissions rebated to gaming promoters and premium players for rolling play, cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to gross casino revenue. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s loyalty programs. For wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, the Company allocates the relative stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company's control and discretion, which are supplied by third parties, are recorded as an operating expense. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty programs, the Company allocates the estimated fair value of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis versus an individual basis. Hotel revenue recognition criteria are met at the time of occupancy. Food and beverage revenue recognition criteria are met at the time of service. Convention revenues are recognized when the related service is rendered or the event is held. Deposits for future hotel occupancy, convention space or food and beverage services contracts are recorded as deferred revenue until the revenue recognition criteria are met. Cancellation fees for convention contracts are recognized upon cancellation by the customer and are included in other revenues. Ferry and entertainment revenue recognition criteria are met at the completion of the ferry trip or event, respectively. Revenue from contracts with a combination of these services is allocated pro rata based on each service’s relative stand-alone selling price. Revenue from leases is primarily recorded to mall revenue and is generated from base rents and overage rents received through long-term leases with retail tenants. Base rent, adjusted for contractual escalations, is recognized on a straight-line basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company has the following main types of liabilities associated with contracts with customers: (1) outstanding chip liability, (2) loyalty program liability and (3) customer deposits and other deferred revenue for gaming and non-gaming products and services yet to be provided. The outstanding chip liability represents the collective amounts owed to gaming promoters and patrons in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. The loyalty program liability represents a deferral of revenue until patron redemption of points earned. The loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned. Due to travel restrictions resulting from the COVID-19 Pandemic, the Company temporarily extended the redemption period of these points for patrons not able or willing to travel to Singapore and for all patrons with points at its properties located in Macao. The required redemption period is expected to be reinstated during 2022. Customer deposits and other deferred revenue represent cash deposits made by customers for future services provided by the Company. With the exception of mall deposits, which typically extend beyond a year based on the terms of the lease, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. The following table summarizes the liability activity related to contracts with customers: Outstanding Chip Liability Loyalty Program Liability Customer Deposits and Other Deferred Revenue (1) 2021 2020 2021 2020 2021 2020 (In millions) Balance at January 1 $ 197 $ 510 $ 62 $ 63 $ 633 $ 591 Balance at December 31 74 197 61 62 618 633 Increase (decrease) (2) $ (123) $ (313) $ (1) $ (1) $ (15) $ 42 ____________________ (1) Of this amount, $145 million, $152 million and $154 million as of December 31, 2021 and 2020 and January 1, 2020, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year. (2) The decrease noted in outstanding chip liability in 2021 primarily resulted from the closure of fixed room junket operations in December 2021. Gaming Taxes The Company is subject to taxes based on gross gaming revenue in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes, including the goods and services tax in Singapore, are an assessment on the Company's gaming revenue and are recorded as a casino expense in the accompanying consolidated statements of operations. These taxes were $1.22 billion, $812 million and $3.93 billion for the years ended December 31, 2021, 2020 and 2019, respectively. Pre-Opening and Development Expenses The Company accounts for costs incurred in the development and pre-opening phases of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred. Development expenses include the costs associated with the Company's evaluation and pursuit of new business opportunities, which are also expensed as incurred. Advertising Costs Costs for advertising are expensed the first time the advertising takes place or as incurred. Advertising costs included in the accompanying consolidated statements of operations were $31 million, $26 million and $112 million for the years ended December 31, 2021, 2020 and 2019, respectively. Corporate Expenses Corporate expense represents payroll, travel, legal fees, professional fees and various other expenses not allocated or directly related to the Company's Integrated Resort operations and related ancillary operations. Foreign Currency The functional currency of most of our foreign subsidiaries is the local currency in which the subsidiary operates. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date and income statement accounts are translated at the average exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in other income (expense). Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity, or other comprehensive income (loss). The balance of accumulated other comprehensive income (loss) consisted of foreign currency translation adjustment and cash flow hedge fair value adjustments. Earnings (Loss) Per Share The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2021 2020 2019 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 764 764 771 Potential dilution from stock options and restricted stock and stock units — — — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 764 764 771 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 9 9 3 Stock-Based Employee Compensation Stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized over the employee's requisite service period (generally the vesting period of the equity grant). The Company's stock-based employee compensation plans are more fully discussed in "Note 16 — Stock-Based Employee Compensation." Income Taxes The Company is subject to income taxes in the U.S. (including federal and state) and numerous foreign jurisdictions in which it operates. The Company records income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carryforwards. Accounting standards regarding income taxes require a reduction of the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence, it is "more-likely-than-not" such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed at each reporting period based on a "more-likely-than-not" realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, the Company's experience with operating loss and tax credit carryforwards not expiring and tax planning strategies. Management will reassess the realization of deferred tax assets each reporting period and consider the scheduled reversal of deferred tax liabilities, sources of taxable income and tax planning strategies. To the extent the financial results of these operations improve and it becomes "more-likely-than-not" the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance in the period such determination is made as appropriate. Significant judgment is required in evaluating the Company's tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions for which the ultimate tax determination is uncertain. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and for which actual outcomes may be different. Accounting for Derivative Instruments and Hedging Activities Accounting standards require an entity to recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value. If specific conditions are met, a derivative may be designated as a hedge of specific financial exposures. The accounting for changes in fair value of a derivative depends on the intended use of the derivative and, if used in hedging activities, on its effectiveness as a hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must be designated as a hedge and must reduce the Company's exposure to market fluctuation throughout the hedge period. Changes in market rates and prices, such as interest rates, foreign currency exchange rates and commodity prices, can impact the Company’s results of operations. The Company’s primary exposures to market risk are interest rate risk associated with long-term debt and foreign currency exchange rate risk associated with the Company’s operations outside the United States. The Company has a policy aimed at managing interest rate risk associated with its current and anticipated future borrowings and foreign currency exchange rate risk associated with operations of its foreign subsidiaries. This policy enables the Company to use any combination of swaps, futures, options, caps, forward contracts and similar instruments. The Company does not hold or issue financial instruments for trading purposes and does not enter into derivative transactions that would be considered speculative positions. Recent Accounting Pronouncements The Company’s management has evaluated all of the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows. Reclassification Certain amounts in the accompanying consolidated financial statements and accompanying notes have been reclassified to be consistent with the current period presentation. These reclassifications had no effect on net income for the prior periods.

Held for Sale _ Discontinued Op

Held for Sale — Discontinued Operations	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale — Discontinued Operations	Held for Sale — Discontinued Operations On March 2, 2021, the Company entered into definitive agreements to sell the Las Vegas Operations for an aggregate purchase price of approximately $6.25 billion (the “Las Vegas Sale”) to Pioneer OpCo, LLC (“OpCo”), an affiliate of certain funds managed by affiliates of Apollo Global Management, Inc., and VICI Properties L.P. (“VICI” and together with OpCo, the “Purchasers”). Under the terms of the agreements, OpCo will acquire subsidiaries that hold the operating assets and liabilities of the Las Vegas Operations for approximately $1.05 billion in cash, subject to certain post-closing adjustments, and $1.20 billion in seller financing in the form of a six-year term loan credit and security agreement and VICI will acquire subsidiaries that hold the real estate and real estate-related assets of the Las Vegas Operations for approximately $4.0 billion in cash. The closing of the Las Vegas Sale is subject to customary closing conditions, including regulatory approvals, and is anticipated to close in the first quarter of 2022. In connection with the closing, the Company and OpCo will enter into a post-closing contingent lease support agreement (the “Contingent Lease Support Agreement”) pursuant to which, among other things, the Company may be required to make certain payments (“Support Payments”) to OpCo. The Support Payments are payable on a monthly basis following closing through the year ending December 31, 2023, based upon the performance of the Las Vegas Operations relative to certain agreed upon target metrics and subject to quarterly and annual adjustments. The target metrics are measured against a benchmark annual EBITDAR (as defined in the Contingent Lease Support Agreement) of the Las Vegas Operations equal to $500 million for 2022 and 2023 (as it may be adjusted as a result of when the closing occurs). The Company’s payment obligations are subject to an annual cap equal to $250 million, subject to prorated reduction depending on when the closing occurs. Each monthly Support Payment is subject to a prorated cap based on the annual cap (as it may be adjusted as a result of when the closing occurs). After consideration of the relevant facts, the Company concluded the assets and liabilities of the Las Vegas Operations met the criteria for classification as held for sale. The Company further concluded the proposed disposal activities represented a strategic shift that will have a major effect on the Company’s operations and financial results and qualified for presentation as discontinued operations in accordance with FASB Accounting Standards Codification (“ASC”) 205-20. Accordingly, the financial results of the Las Vegas Operations are presented in the accompanying consolidated statements of operations and cash flows as discontinued operations for all periods presented. The Las Vegas Operations are recorded at the carrying value of the assets held for sale. The fair value of these assets was determined to be the stated sales price per the agreements, which is greater than the carrying amount of the net assets and consequently no impairment charge was recognized. Depreciation and amortization on the assets held for sale ceased upon entering into the Las Vegas Sale agreements. The following table represents summarized balance sheet information of assets and liabilities held for sale: December 31, 2021 December 31, (In millions) Cash and cash equivalents $ 55 $ 39 Accounts receivable, net of provision for credit losses of $58 and $59 126 86 Inventories 9 10 Prepaid expenses and other 23 23 Property and equipment, net 2,864 2,830 Other assets, net 226 234 Total held for sale assets in the balance sheet (1) $ 3,303 $ 3,222 Accounts payable $ 24 $ 9 Construction payables 8 6 Other accrued liabilities 318 232 Long-term debt 2 3 Deferred amounts related to mall sale transactions 338 344 Other long-term liabilities 131 161 Total held for sale liabilities in the balance sheet (1) $ 821 $ 755 ____________________ (1) All assets and liabilities held for sale were classified as current as it is probable the sale of the Las Vegas Operations will be completed within one year. The following table represents summarized income statement information of discontinued operations: Year Ended December 31, 2021 2020 2019 (In millions) Revenues: Casino $ 443 $ 228 $ 444 Rooms 454 218 610 Food and beverage 236 126 347 Convention, retail and other 138 100 211 Net revenues 1,271 672 1,612 Resort operations expenses 626 490 733 Provision for credit losses 13 12 8 General and administrative 342 294 384 Corporate — 1 — Depreciation and amortization 25 163 145 Loss on disposal or impairment of assets 6 7 9 Operating income (loss) 259 (295) 333 Interest expense (13) (13) (106) Other income (expense) 1 3 (34) Loss on modification or early retirement of debt — — (21) Income (loss) from discontinued operations before income tax 247 (305) 172 Income tax (expense) benefit (54) 62 (36) Net income (loss) from discontinued operations presented in the statement of operations $ 193 $ (243) $ 136 Adjusted Property EBITDA $ 290 $ (124) $ 487 For the year ended December 31, 2021, the Company’s Las Vegas Operations were classified as a discontinued operation held for sale. The Company applied the intra-period tax allocation rules to allocate the provision for income taxes between continuing operations and discontinued operations using the “with and without” approach. The Company calculated income tax expense from all financial statement components (continuing and discontinued operations), the “with” computation, and compared that to the income tax expense attributable to continuing operations, the “without” computation. The difference between the “with” and “without” computations was allocated to discontinued operations.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable consists of the following: December 31, 2021 2020 (In millions) Casino $ 313 $ 415 Rooms 13 9 Mall 91 49 Other 17 34 434 507 Less — provision for credit losses (232) (255) $ 202 $ 252 The following table shows the movement in the provision for credit losses recognized for accounts receivable that occurred during the period: 2021 2020 (In millions) Balance at January 1 $ 255 $ 220 Current period provision for credit losses 3 86 Write-offs (26) (54) Recoveries of receivables previously written-off 4 — Exchange rate impact (4) 3 Balance at December 31 $ 232 $ 255

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment consists of the following: December 31, 2021 2020 (In millions) Land and improvements $ 449 $ 452 Building and improvements 14,840 14,235 Furniture, fixtures, equipment and leasehold improvements 3,992 3,798 Transportation 494 524 Construction in progress 1,513 1,901 21,288 20,910 Less — accumulated depreciation and amortization (9,438) (8,630) $ 11,850 $ 12,280 During the year ended December 31, 2021, the Company recognized a loss on disposal or impairment of assets of $27 million, compared to $73 million for the year ended December 31, 2020, consisting primarily of the asset disposals and demolition costs related to The Londoner Macao. During the year ended December 31, 2019, the Company recognized a loss on disposal or impairment of assets of $81 million, primarily relating to an impairment charge of $65 million of our ferries in Macao.

Leasehold Interests in Land, Ne

Leasehold Interests in Land, Net	12 Months Ended
	Dec. 31, 2021
Leasehold Interests In Land, Net [Abstract]
Leasehold Interests in Land, Net	Leasehold Interests in Land, Net Leasehold interests in land consist of the following: December 31, 2021 2020 (In millions) Marina Bay Sands $ 1,980 $ 2,024 The Londoner Macao 293 295 The Venetian Macao 241 242 The Plaza Macao and Four Seasons Macao 106 106 The Parisian Macao 89 89 Sands Macao 36 37 2,745 2,793 Less — accumulated amortization (579) (537) $ 2,166 $ 2,256 The Company amortizes the leasehold interests in land on a straight-line basis over the expected term of the lease, which includes automatic extensions in Macao as discussed further below. Amortization expense of $56 million, $55 million and $51 million was included in amortization of leasehold interests in land expense for the years ended December 31, 2021, 2020 and 2019, respectively. The estimated future amortization expense over the expected term of the lease is approximately $56 million for each of the five years in the period ending December 31, 2026 and $2.07 billion thereafter at exchange rates in effect on December 31, 2021. 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 has received land concessions from the Macao government to build on the sites on which Sands Macao, The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao are located. The Company does not own these land sites in Macao; however, the land concessions grant the Company exclusive use of the land. As specified in the land concessions, the Company is required to pay premiums for each parcel, as well as make annual rent payments in the amounts and at the times specified in the land concessions. The rent amounts may be revised every five years by the Macao government. Land concessions in Singapore have an initial term of 60 years. The Company has received land concessions from the Singapore Tourism Board to build on the sites on which Marina Bay Sands and the future MBS Expansion Project are located. The Company does not own these land sites in Singapore; however, the land concessions grant the Company exclusive use of the land. As specified in the land concessions, the Company was required to prepay the premiums for each parcel. In April 2019, and in connection with the Second Development Agreement, MBS paid $963 million for the additional land concession in connection with the MBS Expansion Project.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net Intangible assets consist of the following: December 31, 2021 2020 (In millions) Marina Bay Sands gaming license $ 53 $ 55 Trademarks and other 13 1 66 56 Less — accumulated amortization (47) (31) Total intangible assets, net $ 19 $ 25 In April 2019, the Company paid SGD 72 million (approximately $53 million at exchange rates in effect at the time of the transaction) to the Singapore Casino Regulatory Authority (the "CRA") as part of the process to renew its gaming license at Marina Bay Sands. This license is being amortized over its three Amortization expense was $18 million, $17 million and $17 million for the years ended December 31, 2021, 2020 and 2019, respectively. The estimated future amortization expense is approximately $6 million for the year ending December 31, 2022.

Other Accrued Liabilities

Other Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
Other Accrued Liabilities	Other Accrued LiabilitiesOther accrued liabilities consist of the following: December 31, 2021 2020 (In millions) Customer deposits $ 470 $ 501 Payroll and related 253 161 Accrued interest payable 157 179 Taxes and licenses 143 148 Outstanding chip liability 74 197 Other accruals 237 288 $ 1,334 $ 1,474

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments During the year ended December 31, 2021, the Company entered into two foreign currency swap agreements. The objective of both agreements is to manage the risk of changes in cash flows resulting from foreign currency gains/losses realized upon remeasurement of U.S. dollar denominated SCL senior notes by swapping a specified amount of Hong Kong dollars for U.S. dollars at the contractual spot rate. The terms in one of the contracts did not effectively match the terms of the related SCL senior notes; thus, it was not designated as hedging (the “Non-Hedging Swap”). The remaining contract was designated as a hedge of the cash flows related to a portion of the SCL senior notes (the “Hedging Swap,” and together with the Non-Hedging Swap, the “FX Swaps”). The Non-Hedging Swap and the Hedging Swap have a total notional value of $500 million and $1.0 billion, respectively, and expire in August 2023 and August 2025, respectively. The total fair value of the FX Swaps is recorded as an asset in other assets, net. The fair value of the FX Swaps was estimated using Level 2 inputs from recently reported market transactions of foreign currency exchange rates. For the Hedging Swap, the changes in fair value of the derivative were recognized as other comprehensive income in the accompanying consolidated balance sheets. Additionally, the foreign currency gains/losses incurred from the remeasurement of the portion of the SCL senior notes being hedged were also recognized in other comprehensive income. For the Non-Hedging Swap the changes in fair value of the derivative were recorded in other income in the accompanying consolidated statements of operations. 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 2023, 2025 and 2028 SCL Senior Notes. These IR Swaps had a total notional value of $5.50 billion and expired in August 2020. During the years ended December 31, 2020 and 2019, the Company recorded $53 million and $23 million, respectively, as a reduction to interest expense related to the realized amount associated with the IR Swaps.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: December 31, 2021 2020 (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 $8 and $11, respectively) $ 1,742 $ 1,739 2.900% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $3 and $4, respectively) 497 496 3.500% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $8 and $10, respectively) 992 990 3.900% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing costs of $7 and $8, respectively) 743 742 Macao Related (1) : 4.600% Senior Notes due 2023 (net of unamortized original issue discount and deferred financing costs $9) — 1,791 5.125% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $9 and $11, respectively) 1,791 1,789 3.800% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $6 and $8, respectively) 794 792 2.300% Senior Notes due 2027 (net of unamortized original issue discount and deferred financing cost of $7) 693 — 5.400% Senior Notes due 2028 (net of unamortized original issue discount and deferred financing costs of $15 and $16, respectively) 1,885 1,884 2.850% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing cost of $7) 643 — 4.375% Senior Notes due 2030 (net of unamortized original issue discount and deferred financing costs of $9 and $10, respectively) 691 690 3.250% Senior Notes due 2031 (net of unamortized original issue discount and deferred financing cost of $6) 594 — 2018 SCL Credit Facility — Revolving 753 — Other (2) 27 21 Singapore Related (1) : 2012 Singapore Credit Facility — Term (net of unamortized deferred financing costs of $43 and $50, respectively) 2,902 3,023 2012 Singapore Delayed Draw Term Facility (net of unamortized deferred financing costs of $1) 45 46 Other (2) 3 1 14,795 14,004 Less — current maturities (74) (75) Total long-term debt $ 14,721 $ 13,929 ____________________ (1) Unamortized deferred financing costs of $81 million and $91 million as of December 31, 2021 and 2020, respectively, related to the Company's revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility are included in other assets, net in the accompanying consolidated balance sheets. (2) Includes finance leases related to Macao and Singapore of $24 million and $1 million as of December 31, 2021, respectively and $21 million and $1 million as of December 31, 2020, respectively. Corporate and U.S. Related Debt 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”). 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. On November 25, 2019, LVSC issued, in a public offering, a senior unsecured note in an aggregate principal amount of $500 million of 2.900% Senior Notes due June 25, 2025 (the “2025 LVSC Senior Notes” and, together with the 2024 LVSC Senior Notes, 2026 LVSC Senior Notes and the 2029 LVSC Senior Notes, the “LVSC Senior Notes”). A portion of the net proceeds from the offering was used for general corporate purposes, including repurchases of shares of the Company's common stock. There are no interim principal payments on the LVSC Senior Notes and interest is payable semi-annually in arrears on each February 8 and August 8 with respect to the 2024 LVSC Notes and 2029 LVSC Notes, on each February 18 and August 18 with respect to the 2026 Notes, and on each June 25 and December 25 with respect to the 2025 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, as amended with respect to each of the series of the LVSC Senior Notes (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 December 31, 2021, 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 December 31, 2021, 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 December 31, 2021, the commitment fee is 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 4.0x 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. On September 23, 2020, LVSC entered into an amendment agreement with lenders to the LVSC Revolving Credit Agreement. Pursuant to the amendment, the LVSC Revolving Credit Agreement was amended to (a) remove the requirement to maintain a maximum consolidated leverage ratio of 4.0x as of the last day of any fiscal quarter of LVSC during the period commencing on October 31, 2020, through and including December 31, 2021 (the “Relevant Period”); (b) include a requirement for LVSC to maintain a minimum liquidity of $350 million as of the last day of each month during the Relevant Period; and (c) include a limitation on LVSC’s ability to declare or pay any dividend or other distribution during the period commencing on the closing date of the amendment, through and including December 31, 2021, unless liquidity is greater than $1.0 billion on a pro forma basis after giving effect to such dividend or distribution. Pursuant to the amendment, LVSC agreed to pay a customary fee to the lenders that consented. On September 3, 2021, LVSC entered into amendment No. 2 (the "Second Amendment") with lenders to the LVSC Revolving Credit Agreement. Pursuant to the Second Amendment, the existing LVSC Revolving Credit Agreement was amended to (a) extend the period during which LVSC is not required to maintain a maximum consolidated leverage ratio of 4.0x as of the last day of any fiscal quarter to December 31, 2022; (b) extend the period during which LVSC is required to maintain a specified amount of minimum liquidity as of the last day of each month to December 31, 2022; (c) increase the minimum liquidity amount that LVSC is required to maintain until December 31, 2022 to $700 million; and (d) extend the period during which LVSC is unable to declare or pay any dividend or other distribution, unless liquidity is greater than $1.0 billion on a pro forma basis after giving effect to such dividend or distribution, to December 31, 2022. In addition, pursuant to the Second Amendment and subject to the satisfaction of certain conditions specified therein, the requisite lenders under the existing LVSC Revolving Credit Agreement consented to, and waived any applicable restrictions prohibiting, the consummation of the announced sale of the Las Vegas Operations. Pursuant to the Second Amendment, LVSC paid a customary fee to the lenders that consented. On December 7, 2021, LVSC entered into amendment No. 3 (the “Third Amendment”) with lenders to the LVSC Revolving Credit Agreements. Pursuant to the Third Amendment, the existing LVSC Revolving Credit Agreement was amended to update the terms therein that provide for a transition away from LIBOR as a benchmark interest rate and the replacement of LIBOR by a replacement benchmark interest rate or mechanism. 2013 U.S. Credit Facility The Company entered into a credit agreement (the "2013 U.S. Credit Facility"), which pursuant to various amendments, provided for a $3.51 billion term loan (the "2013 Extended U.S. Term B Facility") and a $1.15 billion revolving facility (the "2013 Extended U.S. Revolving Facility," and together with the 2013 Extended U.S. Term B Facility, the "2013 U.S. Credit Facility"). Borrowings under the 2013 Extended U.S. Term B Facility were used for working capital requirements and general corporate purposes, including to make any investment or payment not specifically prohibited by the terms of the loan documents. The Company paid standby fees of 0.2% per annum on the undrawn amounts under the 2013 Extended U.S. Revolving Facility. The weighted average interest rate on the 2013 U.S. Credit Facility was 4.2% for the year ended December 31, 2019. 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 year ended December 31, 2019. Macao Related Debt SCL Senior Notes On August 9, 2018, SCL issued, in a private offering, three series of senior unsecured notes in an aggregate principal amount of $5.50 billion, consisting of $1.80 billion of 4.600% Senior Notes due August 8, 2023 (the "2023 SCL Senior Notes"), $1.80 billion of 5.125% Senior Notes due August 8, 2025 (the "2025 SCL Senior Notes") and $1.90 billion of 5.400% Senior Notes due August 8, 2028 (the "2028 SCL Senior Notes"). A portion of the net proceeds from the offering was used to repay in full the outstanding borrowings under the 2016 VML Credit Facility. There are no interim principal payments on the 2023, 2025 or 2028 SCL Senior Notes and interest is payable semi-annually in arrears on each February 8 and August 8, commencing on February 8, 2019. On June 4, 2020, SCL issued, in a private offering, two series of senior unsecured notes in an aggregate principal amount of $1.50 billion, consisting of $800 million of 3.800% Senior Notes due January 8, 2026 (the “2026 SCL Senior Notes”) and $700 million of 4.375% Senior Notes due June 18, 2030 (the "2030 SCL Senior Notes"). The net proceeds from the offering were used for incremental liquidity and general corporate purposes. There are no interim principal payments on the 2026 or 2030 SCL Senior Notes and interest is payable semi-annually in arrears on January 8 and July 8, commencing on January 8, 2021, with respect to the 2026 SCL Senior Notes, and on June 18 and December 18, commencing on December 18, 2020, with respect to the 2030 SCL Senior Notes. On September 23, 2021, SCL issued in a private offering three series of senior unsecured notes in an aggregate principal amount of $1.95 billion, consisting of $700 million of 2.300% Senior Notes due March 8, 2027 (the “2027 SCL Senior Notes”), $650 million of 2.850% Senior Notes due March 8, 2029 (the “2029 SCL Senior Notes”) and $600 million of 3.250% Senior Notes due August 8, 2031 (the “2031 SCL Senior Notes” and, together with the 2023 SCL Senior Notes, 2025 SCL Senior Notes, 2026 SCL Senior Notes, 2027 SCL Senior Notes, 2028 SCL Senior Notes, 2029 SCL Senior Notes, 2030 SCL Senior Notes, the “SCL Senior Notes”). SCL used the net proceeds from the offering and cash on hand to redeem in full the outstanding principal amount of its $1.80 billion 4.600% Senior Notes due 2023, any accrued interest and the associated make-whole premium as determined under the related senior notes indenture dated as of August 9, 2018. The SCL Senior Notes are senior unsecured obligations of SCL. Each series of notes rank equally in right of payment with all of SCL’s existing and future senior unsecured debt and will rank senior in right of payment to all of SCL’s future subordinated debt, if any. The notes will be effectively subordinated in right of payment to all of SCL’s future secured debt (to the extent of the value of the collateral securing such debt) and will be structurally subordinated to all of the liabilities of SCL’s subsidiaries. None of SCL’s subsidiaries guarantee the notes. The 2023, 2025 and 2028 SCL Senior Notes were issued pursuant to an indenture, dated August 9, 2018 (the "2018 SCL Indenture"), the 2026 and 2030 SCL Senior Notes were issued pursuant to an indenture, dated June 4, 2020 (the “2020 SCL Indenture”) and the 2027, 2029 and 2031 SCL Senior Notes were issued pursuant to an indenture, dated September 23, 2021 (the “2021 SCL Indenture”), between SCL and U.S. Bank National Association, as trustee. Upon the occurrence of certain events described in these indentures, the interest rate on the SCL senior notes may be adjusted. The indentures contain covenants, subject to customary exceptions and qualifications, that limit the ability of SCL 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 SCL’s assets on a consolidated basis. The indentures also provide for customary events of default. Under the SCL senior notes indentures, upon the occurrence of any event resulting from any change in Gaming Law (as defined in the indentures) after which none of SCL or any of its subsidiaries own or manage casino or gaming areas or operate casino games of fortune and chance in Macao in substantially the same manner as they are owning or managing casino or gaming areas or operating casino games as of the issue date of the SCL senior notes, for a period of 30 consecutive days or more, and such event has a material adverse effect on the financial condition, business, properties or results of operations of SCL and its subsidiaries, taken as a whole, each holder of the SCL senior notes would have the right to require SCL to repurchase all or any part of such holder’s SCL senior notes at par plus accrued and unpaid interest (the “Investor Put Option”). Refer to “Note 1 — Organization and Business of Company” for further information related to the Macao subconcession. The cost associated with the early termination of the 4.600% Senior Notes due 2023, including the make-whole premium of $131 million and $6 million in unamortized original issue discount and deferred financing costs, was recorded as a loss on early retirement of debt in the consolidated statement of operations during the year ended December 31, 2021. 2018 SCL Credit Facility On November 20, 2018, SCL entered into a facility agreement with the arrangers and lenders named therein and Bank of China Limited, Macau Branch, as agent for the lenders (the "2018 SCL Credit Facility"), pursuant to which the lenders made available a $2.0 billion revolving unsecured credit facility to SCL (the "2018 SCL Revolving Facility"). The facility is available until July 31, 2023, and SCL may draw loans under the facility, which may consist of general revolving loans (consisting of a United States dollar component and a Hong Kong dollar component) or loans drawn under a swing-line loan sub-facility (denominated in either United States dollars or Hong Kong dollars). SCL may utilize the loans for general corporate purposes and working capital requirements of SCL and its subsidiaries. Loans under the 2018 SCL Revolving Facility bear interest calculated by reference to (1) in the case of general revolving loans denominated in United States dollars, the London Interbank Offered Rate ("LIBOR"), (2) in the case of loans denominated in United States dollars drawn under the swing-line loan sub-facility, a United States dollar alternate base rate (determined by reference to, among other things, the United States dollar prime lending rate and the Federal Funds Effective Rate), (3) in the case of general revolving loans denominated in Hong Kong dollars, the Hong Kong Interbank Offered Rate ("HIBOR") or (4) in the case of loans denominated in Hong Kong dollars drawn under the swing-line loan sub-facility, a Hong Kong dollar alternate base rate (determined by reference to, among other things, the Hong Kong dollar prime lending rate), in each case, plus a margin that is determined by reference to the consolidated leverage ratio as defined in the 2018 SCL Credit Facility. The initial margin for general revolving loans is 2.0% per annum and the initial margin for loans drawn under the swing-line loan sub-facility is 1.0% per annum. SCL is also required to pay a commitment fee of 0.60% per annum on the undrawn amounts under the 2018 SCL Revolving Facility. The 2018 SCL Credit Facility contains affirmative and negative covenants customary for similar unsecured financings, including, but not limited to, limitations on indebtedness secured by liens on principal properties and sale and leaseback transactions. The 2018 SCL Credit Facility also requires SCL to maintain a maximum ratio of total indebtedness to adjusted EBITDA of 4.0x throughout the life of the facility and a minimum ratio of adjusted EBITDA to net interest expense (including capitalized interest) of 2.5x throughout the life of the facility. On March 27, 2020, SCL entered into a waiver and amendment request letter (the “Waiver Letter”) with respect to certain provisions of the 2018 SCL Credit Facility, pursuant to which lenders (a) waived the requirements for SCL to comply with the requirements that SCL ensure the maximum consolidated leverage ratio does not exceed 4.0x and minimum consolidated interest coverage ratio of 2.5x for any quarterly period ending during the period beginning on, and including, January 1, 2020 and ending on, and including, July 1, 2021 (the “SCL Relevant Period”) (other than with respect to the financial year ended on December 31, 2019); (b) waived any default that may arise as a result of any breach of said requirements during the SCL Relevant Period (other than with respect to the financial year ended on December 31, 2019); and (c) extended the period of time during which SCL may supply the agent with (i) its audited consolidated financial statements for the financial year ended on December 31, 2019, to April 30, 2020; and (ii) its audited consolidated financial statements for the financial year ending on December 31, 2020, to April 30, 2021. Pursuant to the Waiver Letter, SCL agreed to pay a customary fee to the lenders that consented. On September 11, 2020, SCL entered into a waiver extension and amendment request letter (the “Waiver Extension Letter”) with respect to certain provisions of the 2018 SCL Credit Facility, pursuant to which lenders agreed to (a) extend the SCL Relevant Period such that it ends on, and includes, January 1, 2022 instead of July 1, 2021; and (b) amend and restate the 2018 SCL Credit Facility in the form attached to the Waiver Extension Letter, which contains the following amendments: (1) it provides SCL with the option to increase the total borrowing capacity by an aggregate amount of up to $1.0 billion; and (2) it imposes a restriction on the ability of SCL to declare or make any dividend payment or similar distribution at any time during the period from (and including) July 1, 2020 to (and including) January 1, 2022, if at such time (x) the total borrowing capacity exceeds $2.0 billion by operation of the increase referred to above; and (y) the maximum consolidated leverage ratio is greater than 4.0x, unless, after giving effect to such payment, the sum of (i) the aggregate amount of cash and cash equivalents of SCL on such date; and (ii) the aggregate amount of the undrawn facility under the 2018 SCL Credit Facility and unused commitments under other credit facilities of SCL is greater than $2.0 billion. Pursuant to the Waiver Extension Letter, SCL agreed to pay a customary fee to the lenders that consented. On July 7, 2021, SCL entered into a waiver extension and amendment request letter (the "Third Waiver Extension Letter") with respect to certain provisions of the 2018 SCL Credit Facility, pursuant to which lenders agreed to (a) extend by one year to (and including) January 1, 2023, the waiver period for the requirement for SCL to comply with the requirements that SCL ensure the consolidated leverage ratio does not exceed 4.0x and the consolidated interest coverage ratio is not less than 2.5x as at the last day of the financial quarter; (b) extend the period of time during which SCL may supply the agent with its audited consolidated financial statements for the financial year ending on December 31, 2021 to April 30, 2022; and (c) extend by one year to (and including) January 1, 2023, the period during which SCL's ability to declare or make any dividend payment or similar distribution is restricted if at such time (x) the Total Commitments (as defined in the 2018 SCL Credit Facility) exceed $2.0 billion by SCL's exercise of the option to increase the Total Commitments by an aggregate amount of up to $1.0 billion; and (y) the consolidated leverage ratio is greater than 4.0x, unless, after giving effect to such payment, the sum of (i) the aggregate amount of cash and cash equivalents of SCL on such date; and (ii) the aggregate amount of the undrawn facility under the 2018 SCL Credit Facility and unused commitments under other credit facilities of SCL is greater than $2.0 billion. Pursuant to the Third Waiver Extension Letter, SCL paid a customary fee to the lenders that consented. Under the 2018 SCL Credit Facility, the events that trigger an Investor Put Option under the SCL senior notes (as described above) would be an Event of Default (as defined in the credit agreement), which could result in commitments being immediately cancelled, in whole or in part, and the related outstanding balances and accrued interest, if any, becoming immediately due and payable. Refer to “Note 1 — Organization and Business of Company” for further information related to the Macao subconcession. The 2018 SCL Credit Facility also contains certain events of default (some of which are subject to grace and remedy periods and materiality qualifiers), including, but not limited to, events relating to SCL's gaming operations and the loss or termination of certain land concession contracts. On January 25, 2021, SCL entered into an agreement with lenders to increase commitments under the 2018 SCL Credit Facility by HKD 3.83 billion (approximately $491 million at exchange rates in effect on December 31, 2021). During the year ended December 31, 2021, SCL drew down $71 million and HKD 5.31 billion (approximately $681 million at exchange rates in effect on December 31, 2021) under the facility for general corporate purposes. The weighted average interest rate for the 2018 SCL Credit Facility was 2.6% for the year ended December 31, 2021. As of December 31, 2021, SCL had $1.75 billion of available borrowing capacity under the 2018 SCL Revolving Facility comprised of HKD commitments of HKD 12.32 billion (approximately $1.58 billion at exchange rates in effect on December 31, 2021) and U.S. dollar commitments of $166 million. Singapore Related Debt 2012 Singapore Credit Facility In June 2012, MBS entered into a SGD 5.10 billion (approximately $3.77 billion at exchange rates in effect on December 31, 2021) credit agreement (the "2012 Singapore Credit Facility"), providing for a fully funded SGD 4.60 billion (approximately $3.40 billion at exchange rates in effect on December 31, 2021) term loan (the "2012 Singapore Term Facility") and a SGD 500 million (approximately $370 million at exchange rates in effect on December 31, 2021) revolving facility (the "2012 Singapore Revolving Facility") that was available until November 25, 2017, which included a SGD 100 million (approximately $74 million at exchange rates in effect on December 31, 2021) ancillary facility (the "2012 Singapore Ancillary Facility"). Borrowings under the 2012 Singapore Credit Facility were used to repay the outstanding balance under the previous Singapore credit facility. During August 2014, MBS amended its 2012 Singapore Credit Facility, pursuant to which consenting lenders of borrowings under the 2012 Singapore Term Facility extended the maturity to August 28, 2020, and consenting lenders of borrowings under the 2012 Singapore Revolving Facility extended the maturity to February 28, 2020. During March 2018, MBS amended its 2012 Singapore Credit Facility, which refinanced the facility in an aggregate amount of SGD 4.80 billion (approximately $3.55 billion at exchange rates in effect on December 31, 2021), pursuant to which consenting lenders of borrowings under the 2012 Singapore Term Facility extended the maturity to March 29, 2024, and consenting lenders of borrowings under the 2012 Singapore Revolving Facility extended the maturity to September 29, 2023. 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 $185 million at exchange rates in effect on December 31, 2021) for a total aggregate principal amount of SGD 750 million (approximately $555 million at exchange rates in effect on December 31, 2021). As of December 31, 2021, MBS had SGD 593 million (approximately $438 million at exchange rates in effect on December 31, 2021) 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 $113 million at exchange rates in effect on December 31, 2021). 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 $2.77 billion at exchange rates in effect on December 31, 2021), 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. During the year ended December 31, 2020, MBS borrowed SGD 62 million (approximately $46 million at exchange rates in effect at the time of the transaction) under the Singapore Delayed Draw Term Facility. As of December 31, 2021, SGD 3.69 billion (approximately $2.73 billion at exchange rates in effect on December 31, 2021) remains available to be drawn under the Singapore Delayed Draw Term Facility. If the construction cost estimate and construction schedule to the MBS Expansion Project are not delivered by the extended deadline, the Company will not be permitted to make further draws on the Singapore Delayed Draw Term Facility after March 31, 2022 until these items are delivered to lenders. As a result of the Third Amendment and Restatement Agreement, the Company recorded a $2 million loss on modification of debt during the year ended December 31, 2019. The indebtedness under the 2012 Singapore Credit Facility is collateralized by a first-priority security interest in substantially all of MBS's assets, other than capital stock and similar ownership interests, certain furniture, fixtures and equipment and certain other excluded assets. 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 2.31% as of December 31, 2021). MBS pays a standby commitment fee of 35% to 40% of the spread per annum on all undrawn amounts under the 2012 Singapore Revolving Facility. The weighted average interest rate for the 2012 Singapore Credit Facility was 2.1%, 2.2% and 3.2% for the years ended December 31, 2021, 2020 and 2019. Under the Third Amendment and Restatement Agreement, MBS must comply with a maximum consolidated leverage ratio of 4.5x on the last day of each fiscal quarter from August 30, 20

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Equity	Equity Preferred Stock The Company is authorized to issue up to 50,000,000 shares of preferred stock. The Company's Board of Directors is authorized, subject to limitations prescribed by Nevada law and the Company's articles of incorporation, to determine the terms and conditions of the preferred stock, including whether the shares of preferred stock will be issued in one or more series, the number of shares to be included in each series and the powers, designations, preferences and rights of the shares. The Company's Board of Directors also is authorized to designate any qualifications, limitations or restrictions on the shares without any further vote or action by the stockholders. Common Stock Dividends In April 2020, the Company suspended the quarterly dividend program due to the impact of the COVID-19 Pandemic. On March 26, 2020, the Company paid a dividend of $0.79 per common share as part of a regular cash dividend program. During the year ended December 31, 2020, the Company recorded $603 million as a distribution against retained earnings (of which $342 million related to Mr. Adelson, (a Principal Stockholder at that time), and the other Principal Stockholders, and the remaining $261 million related to all other stockholders). On March 28, June 27, September 26 and December 26, 2019, the Company paid a dividend of $0.77 per common share as part of a regular cash dividend program. During the year ended December 31, 2019, the Company recorded $2.37 billion as a distribution against retained earnings (of which $1.33 billion related to Mr. Adelson and the other Principal Stockholders and the remaining $1.04 billion related to all other stockholders). Share Repurchases In June 2018, the Company's Board of Directors authorized the repurchase of $2.50 billion of its outstanding common stock, which was to expire in November 2020. In October 2020, the Company's Board of Directors authorized the extension of the expiration date of the remaining repurchase amount of $916 million to November 2022. Repurchases of the Company's common stock are made at the Company's discretion in accordance with applicable federal securities laws in the open market or otherwise. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company's financial position, earnings, legal requirements, other investment opportunities and market conditions. During the years ended December 31, 2021 and 2020, no shares of its common stock were repurchased. During the year ended December 31, 2019, the Company repurchased 12,556,635 shares of its common stock for $754 million (including commissions) under the Company's current program. All share repurchases of the Company's common stock have been recorded as treasury stock. In addition to the shares repurchased under the share repurchase program, the Company repurchased 1,927 shares during the year ended December 31, 2019, in satisfaction of tax withholding and exercise price obligations on stock option exercises. Rollforward of Shares of Common Stock A summary of the outstanding shares of common stock is as follows: Balance as of January 1, 2019 775,463,214 Exercise of stock options 569,224 Issuance of restricted stock 11,039 Repurchase of common stock (12,558,562) Balance as of December 31, 2019 763,484,915 Exercise of stock options 342,700 Issuance of restricted stock 17,512 Forfeiture of unvested restricted stock (2,189) Balance as of December 31, 2020 763,842,938 Exercise of stock options 121,710 Issuance of restricted stock 25,104 Balance as of December 31, 2021 763,989,752 Noncontrolling Interests SCL Subsequent to the February 21, 2020 dividend payment, as mentioned below, SCL suspended its dividend payments as a result of the COVID-19 Pandemic. On February 21, 2020, SCL paid a dividend of HKD 0.99 to SCL stockholders (a total of $1.03 billion, of which the Company retained $717 million during the year ended December 31, 2020). On February 22 and June 21, 2019, SCL paid a dividend of HKD 0.99 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 year ended December 31, 2019). Other During the year ended December 31, 2019 the Company distributed $17 million to certain of its noncontrolling interests. Of the amount distributed, $11 million related to payments to the Company's minority interest partners to purchase their interests in connection with the sale of Sands Casino Resort Bethlehem ("Sands Bethlehem").

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 — Income Taxes Consolidated income (loss) before taxes and noncontrolling interests for domestic and foreign operations is as follows: Year Ended December 31, 2021 2020 2019 (In millions) Foreign $ (1,091) $ (1,614) $ 3,145 Domestic (383) (262) 455 Total income (loss) before income taxes from continuing operations $ (1,474) $ (1,876) $ 3,600 The components of the income tax expense (benefit) from continuing operations are as follows: Year Ended December 31, 2021 2020 2019 (In millions) Foreign: Current $ 32 $ 7 $ 245 Deferred (12) 3 (10) Federal: Current 8 (5) 8 Deferred (33) 21 134 State: Current — (2) 33 Deferred — — 22 Total income tax expense (benefit) $ (5) $ 24 $ 432 The reconciliation of the statutory federal income tax rate and the Company's effective tax rate for continuing operations is as follows: Year Ended December 31, 2021 2020 2019 Statutory federal income tax rate (21.0) % (21.0) % 21.0 % Increase (decrease) in tax rate resulting from: Change in valuation allowance 13.1 % 11.4 % 2.9 % Foreign and U.S. tax rate differential 6.7 % 7.8 % (5.9) % Tax exempt (income) loss of foreign subsidiary 0.6 % 2.4 % (8.4) % Other, net 0.3 % 0.7 % 2.4 % Effective tax rate (0.3) % 1.3 % 12.0 % The Company enjoys an income tax exemption in Macao that exempts the Company from paying corporate income tax on profits generated by gaming operations. The Company will continue to benefit from this tax exemption through June 26, 2022, the date VML's subconcession agreement expires. Had the Company not received the income tax exemption in Macao, consolidated net income attributable to LVSC would have been reduced by $200 million and diluted earnings per share would have been reduced by $0.26 per share for the year ended December 31, 2019. The VML gaming losses incurred during 2021 and 2020 did not generate a tax benefit because they are not subject to tax. In April 2019, the Company entered into a renewed agreement with the Macao government, effective through June 26, 2022, providing for payments as a substitution for a 12% tax otherwise due from VML shareholders on dividend distributions paid from VML gaming profits; namely an annual payment of 38 million patacas (approximately $5 million at exchange rates in effect on December 31, 2021) for each of the years 2021, 2020 and 2019, each payment to be made on or before January 31 of the following year, and a payment of 18 million patacas (approximately $2 million at exchange rates in effect on December 31, 2021) for the period between January 1, 2022 through June 26, 2022, to be paid on or before July 26, 2022. In September 2013, the Company and the Internal Revenue Service entered into a Pre-Filing Agreement providing the Macao special gaming tax (35% of gross gaming revenue) qualifies as a tax paid in lieu of an income tax and could be claimed as a U.S. foreign tax credit. The Company's foreign and U.S. tax rate differential reflects the fact that the U.S. tax rate of 21% is higher than the statutory tax rates in Singapore and Macao of 17% and 12%, respectively. The primary tax affected components of the Company's net deferred tax assets are as follows: December 31, 2021 2020 (In millions) Deferred tax assets: U.S. foreign tax credit carryforwards $ 4,815 $ 4,812 Net operating loss carryforwards 539 466 Interest expense carryforward 18 — Stock-based compensation 16 16 Provision for credit losses 14 14 Deferred gain on mall sale transactions 11 12 Accrued expenses 21 10 Pre-opening expenses 6 7 Other 2 — 5,442 5,337 Less — valuation allowances (5,034) (4,922) Total deferred tax assets 408 415 Deferred tax liabilities: Property and equipment (273) (274) Prepaid expenses (5) (4) Other (6) (7) Total deferred tax liabilities (284) (285) Deferred tax assets, net $ 124 $ 130 The Company's U.S. foreign tax credit carryforwards were $4.87 billion as of December 31, 2021 and 2020, which will begin to expire in 2022. There was a valuation allowance of $4.62 billion and $4.58 billion as of December 31, 2021 and 2020, respectively, provided on certain net U.S. deferred tax assets, as the Company believes these assets do not meet the "more-likely-than-not" criteria for recognition. The Company’s U.S. net operating loss carryforward was $563 million and $568 million as of December 31, 2021 and 2020, respectively, which does not have an expiration date. The Company's U.S. interest expense carryforward was $87 million as of December 31, 2021, which does not have an expiration date. Net operating loss carryforwards for the Company's foreign subsidiaries were $3.46 billion and $2.84 billion as of December 31, 2021 and 2020, respectively, which began to expire in 2022. There are valuation allowances of $416 million and $342 million as of December 31, 2021 and 2020, respectively, provided on the net deferred tax assets of certain foreign jurisdictions, as the Company believes these assets do not meet the "more-likely-than-not" criteria for recognition. Undistributed earnings of subsidiaries are accounted for as a temporary difference, except deferred tax liabilities are not recorded for undistributed earnings of foreign subsidiaries deemed to be indefinitely reinvested in foreign jurisdictions. U.S. tax reform required the Company to compute a tax on previously unremitted earnings of its foreign subsidiaries upon transition from a worldwide tax system to a territorial tax system during the year ended December 31, 2017. The Company expects these earnings to be exempt from U.S. income tax if distributed as these earnings were taxed during the year ended December 31, 2017, under U.S. tax reform. The Company does not consider current year's tax earnings and profits of its foreign subsidiaries to be indefinitely reinvested. Beginning with the year ended December 31, 2015, the Company's major foreign subsidiaries distributed, and may continue to distribute, earnings in excess of their current year's tax earnings and profits in order to meet the Company's liquidity needs. As of December 31, 2021, the amount of earnings and profits of foreign subsidiaries the Company does not intend to repatriate was $2.85 billion. The Company does not expect withholding taxes or other foreign income taxes to apply should these earnings be distributed in the form of dividends or otherwise. A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows: December 31, 2021 2020 2019 (In millions) Balance at the beginning of the year $ 131 $ 134 $ 118 Additions to tax positions related to prior years — — 1 Reductions to tax positions related to prior years (4) (14) — Additions to tax positions related to current year 9 11 15 Balance at the end of the year $ 136 $ 131 $ 134 As of December 31, 2021, 2020 and 2019, unrecognized tax benefits of $57 million, $60 million and $53 million, respectively, were recorded as reductions to the U.S. foreign tax credit deferred tax asset. As of December 31, 2021, 2020 and 2019, unrecognized tax benefits of $79 million, $71 million and $81 million, respectively, were recorded in other long-term liabilities. Included in the unrecognized tax benefit balance as of December 31, 2021, 2020 and 2019, are $126 million, $123 million and $115 million, respectively, of uncertain tax benefits that would affect the effective income tax rate if recognized. The Company's major tax jurisdictions are the U.S., Macao and Singapore. The Company could be subject to examination for tax years beginning in 2017 in Macao and Singapore and tax years 2010 through 2015 and 2018 through 2020 in the U.S. The Company believes it has adequately reserved and provided for its uncertain tax positions; however, there is no assurance the taxing authorities will not propose adjustments that are different from the Company's expected outcome and it could impact the provision for income taxes. The Company recognizes interest and penalties, if any, related to unrecognized tax positions in the provision for income taxes in the accompanying consolidated statement of operations. Interest and penalties of $10 million, $7 million and $5 million were accrued as of December 31, 2021, 2020 and 2019, respectively. The Company does not expect a significant increase or decrease in unrecognized tax benefits over the next twelve months.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance also establishes a valuation hierarchy for inputs in measuring fair value that maximizes the use of observable inputs (inputs market participants would use based on market data obtained from sources independent of the Company) and minimizes the use of unobservable inputs (inputs that reflect the Company's assumptions based upon the best information available in the circumstances) by requiring the most observable inputs be used when available. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the assets or liabilities, either directly or indirectly. Level 3 inputs are unobservable inputs for the assets or liabilities. Categorization within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Cash equivalents, which are short-term investments with original maturities of less than 90 days, had an estimated fair value of $791 million and $726 million as of December 31, 2021 and 2020, respectively. The estimated fair value of the Company's cash equivalents is based on level 1 inputs (quoted market prices in active markets).

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases 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 these 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 by one month to 10 years. 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; see "Note 6 — Leasehold Interests in Land, Net"): December 31, Leases Classification on the Balance Sheet 2021 2020 (In millions) Assets Operating lease ROU assets Other assets, net $ 24 $ 25 Finance lease ROU assets Property and equipment, net (1) $ 16 $ 16 Liabilities Current Operating Other accrued liabilities $ 14 $ 16 Finance Current maturities of long-term debt $ 10 $ 12 Noncurrent Operating Other long-term liabilities $ 154 $ 153 Finance Long-term debt $ 15 $ 10 ____________________ (1) Finance lease ROU assets are recorded net of accumulated depreciation of $21 million and $13 million as of December 31, 2021 and 2020, respectively. Other information related to lease term and discount rate is as follows: December 31, 2021 2020 Weighted Average Remaining Lease Term Operating leases 32.8 years 33.5 years Finance leases 2.9 years 2.1 years Weighted Average Discount Rate Operating leases 4.9 % 4.9 % Finance leases 2.6 % 2.9 % The components of lease expense are as follows: December 31, 2021 2020 2019 (In millions) Operating lease cost: Amortization of leasehold interests in land $ 56 $ 55 $ 51 Operating lease cost 14 12 16 Short-term lease cost 1 1 5 Variable lease cost 2 2 5 Finance lease cost: Amortization of ROU assets 8 9 5 Interest on lease liabilities 1 1 — Total lease cost $ 82 $ 80 $ 82 As of December 31, 2021, the Company has short-term lease commitments of $41 million. Supplemental cash flow information related to leases is as follows: December 31, 2021 2020 2019 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 16 $ 19 $ 15 Financing cash flows for finance leases $ 5 $ 3 $ 4 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 10 $ 10 $ 13 Finance leases $ 9 $ 22 $ 17 Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2022 $ 16 $ 10 2023 10 10 2024 9 4 2025 6 2 2026 5 — Thereafter 310 — Total future minimum lease payments 356 26 Less — amount representing interest (188) (1) Present value of future minimum lease payments 168 25 Less — current lease obligations (14) (10) Long-term lease obligations $ 154 $ 15 Lessor The Company leases space at several of its Integrated Resorts to various third parties as part of its mall operations that are recorded within mall revenues, as well as restaurant and retail space and land 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: Year Ended December 31, 2021 2020 2019 Mall Other Mall Other Mall Other (In millions) Minimum rents $ 505 $ 1 $ 523 $ 1 $ 518 $ 2 Overage rents 115 — 39 — 98 — Rent concessions (1) (65) — (272) — — — Other (2) 6 — — — — — Total overage rents and rent concessions 56 — (233) — 98 — $ 561 $ 1 $ 290 $ 1 $ 616 $ 2 ___________________ (1) Rent concessions were provided to tenants during the years ended December 31, 2021 and 2020 as a result of the COVID-19 Pandemic and the impact on mall and other operations. (2) Amount related to a grant provided by the Singapore government to lessors to support small and medium enterprises impacted by the COVID-19 Pandemic in connection with their rent obligations. Future minimum rentals (excluding the escalated contingent rent clauses) on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2022 $ 442 $ 1 2023 359 1 2024 279 — 2025 192 — 2026 155 — Thereafter 363 — Total minimum future rentals $ 1,790 $ 2 The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: December 31, 2021 2020 (In millions) Property and equipment, at cost $ 1,536 $ 1,405 Accumulated depreciation (639) (578) Property and equipment, net $ 897 $ 827

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
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 against VML, LVS (Nevada) International Holdings, Inc. (“LVS (Nevada)”), LVSLLC and VCR (collectively, the “Defendants”). The claim was for 3.0 billion patacas (approximately $373 million at exchange rates in effect on December 31, 2021). 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 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 and the appeal is currently pending. 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 $12.01 billion at exchange rates in effect on December 31, 2021), 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 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 and that appeal is currently pending. 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 requested clarification of that order on October 29, 2019. By order dated December 4, 2019, the Macao Judicial Court stated it would reconsider the U.S. Defendants’ motion to revoke legal aid and, as part of that reconsideration, it would reanalyze portions of the record, seek an opinion from the Macao Public Prosecutor regarding the propriety of legal aid and consult with the trial court overseeing AAEC’s separate litigation against Galaxy Entertainment Group Ltd., Galaxy Entertainment Group S.A. and two of the U.S. Defendants’ former executives, individually. The Macao Judicial Court denied the motion to revoke legal aid on January 14, 2020. On June 18, 2020, the U.S. Defendants moved to reschedule the trial, which had been scheduled to begin on September 16, 2020, due to travel disruptions and other extraordinary circumstances resulting from the ongoing COVID-19 Pandemic. The Macao Judicial Court granted that motion and rescheduled the trial to begin on June 16, 2021. On April 16, 2021, the U.S. Defendants again moved to reschedule the trial because continued travel disruptions resulting from the pandemic prevented the representatives of the U.S. Defendants and certain witnesses from attending the trial as scheduled. Plaintiff opposed that motion on April 29, 2021. The Macao Judicial Court denied the U.S. Defendants’ motion on May 28, 2021, concluding that, under Macao law, it lacked the power to reschedule the trial absent agreement of the parties. The U.S. Defendants appealed that ruling on June 16, 2021, and that appeal is currently pending. The trial began as scheduled on June 16, 2021. The Macao Judicial Court heard testimony on June 16, 17, 23, and July 1. By order dated June 17, 2021, the Macao Judicial Court scheduled additional trial dates during September, October and December 2021 to hear witnesses who are currently subject to COVID-19 travel restrictions that prevent or severely limit their ability to enter Macao. That order also provided a procedure for the parties to request written testimony from witnesses who are not able to travel to Macao on those dates. On June 28, 2021, the U.S. Defendants sought clarification of certain aspects of that ruling concerning procedures for written testimony and appealed aspects of that ruling setting limits on written testimony, imposing a deadline for in-person testimony, and rejecting the U.S. Defendants’ request to have witnesses testify via video conference. On July 9, 2021, the Macao Judicial Court issued an order clarifying the procedure for written testimony. The U.S. Defendants’ appeal on the remainder of the Macao Judicial Court’s June 17, 2021 order is currently pending. On July 10, 2021, the U.S. Defendants were notified of an invoice for supplemental court fees totaling 93 million patacas (approximately $12 million at exchange rates in effect on December 31, 2021) based on Plaintiff’s July 15, 2019 amendment of its claim amount. By motion dated July 20, 2021, the U.S. Defendants moved the Macao Judicial Court for an order withdrawing that invoice on the grounds that it was procedurally improper and conflicted with rights guaranteed in Macao’s Basic Law. The Macao Judicial Court denied that motion by order dated September 11, 2021. The U.S. Defendants appealed that order on September 23, 2021, and that appeal is currently pending. By order dated September 29, 2021, the Macao Judicial Court ordered that the invoice for supplemental court fees be stayed pending resolution of that appeal. On September 6, 2021, Plaintiff notified the Macao Judicial Court that it would not be bringing any additional witnesses to testify in-person on the scheduled hearing dates. In submissions dated September 6 and September 20, 2021, the U.S. Defendants notified the Macao Judicial Court that certain witnesses were unable to attend the September hearing dates due to ongoing travel restrictions related to the COVID-19 Pandemic. By orders dated September 11 and September 23, 2021, the Macao Judicial Court cancelled the various hearing dates scheduled in September. The Macao Judicial Court heard additional testimony on October 8, 11, and 15, and December 14 and 15, 2021. Certain witnesses who were not able to enter Macao due to ongoing COVID-19 travel restrictions presented testimony in writing. On December 15, 2021, the U.S. Defendants sought to initiate a proceeding to impeach the testimony of certain witnesses offered by Plaintiff, and the Macao Judicial Court admitted that incident and ordered Plaintiff to produce its shareholder registry. By notice dated December 16, 2021, Plaintiff appealed the order to produce its shareholder registry, and that appeal is currently pending. From December 17, 2021 to January 19, 2022, Plaintiff submitted additional documents to the court file and disclosed written reports from two purported experts, who calculated Plaintiff’s damages at 57.88 billion patacas and 62.29 billion patacas (approximately $7.20 billion and $7.75 billion, respectively, at exchange rates in effect on December 31, 2021). In response, the U.S. Defendants moved to exclude those materials or, in the alternative, to require additional testimony from relevant witnesses. By order dated January 19, 2022, the Macao Judicial Court denied the U.S. Defendants’ motion and ruled that the materials could be included in the court file with the probative value of their contents to be determined by the Court. Plaintiff presented its factual summation on January 21, 2022. On January 26, 2022, the U.S. Defendants presented their factual summation, and Plaintiff and the U.S. Defendants presented rebuttal summations. The Macao Judicial Court scheduled a hearing on February 15, 2022 to announce its proposed findings on disputed facts. 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. The Daniels Family 2001 Revocable Trust v. LVSC, et al. On October 22, 2020, The Daniels Family 2001 Revocable Trust, a putative purchaser of the Company’s shares, filed a purported class action complaint in the U.S. District Court against LVSC, Sheldon G. Adelson and Patrick Dumont. The complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and alleges that LVSC made materially false or misleading statements, or failed to disclose material facts, from February 27, 2016 through September 15, 2020, with respect to its operations at the Marina Bay Sands, its compliance with Singapore laws and regulations, and its disclosure controls and procedures. On January 5, 2021, the U.S. District Court entered an order appointing Carl S. Ciaccio and Donald M. DeSalvo as lead plaintiffs (“Lead Plaintiffs”). On March 8, 2021, Lead Plaintiffs filed a purported class action amended complaint against LVSC, Sheldon G. Adelson, Patrick Dumont, and Robert G. Goldstein, alleging similar violations of Sections 10(b) and 20(a) of the Exchange Act over the same time period of February 27, 2016 through September 15, 2020. On March 22, 2021, the U.S. District Court granted Lead Plaintiffs’ motion to substitute Dr. Miriam Adelson, in her capacity as the Special Administrator for the estate of Sheldon G. Adelson, for Sheldon G. Adelson as a defendant in this action. On May 7, 2021, the defendants filed a motion to dismiss the amended complaint. Lead Plaintiffs filed an opposition to the motion to dismiss on July 6, 2021, and the defendants filed their reply on August 5, 2021. All briefing on the motion to dismiss is complete and the motion is pending before the U.S. District Court. This 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. Turesky v. Sheldon G. Adelson, et al. On December 28, 2020, Andrew Turesky filed a putative shareholder derivative action on behalf of the Company in the U.S. District Court, against Sheldon G. Adelson, Patrick Dumont, Robert G. Goldstein, Irwin Chafetz, Micheline Chau, Charles D. Forman, Steven L. Gerard, George Jamieson, Charles A. Koppelman, Lewis Kramer and David F. Levi, all of whom are current or former directors and/or officers of LVSC. The complaint asserts claims for breach of fiduciary duty, unjust enrichment, waste of corporate assets, abuse of control, gross mismanagement, violations of Sections 10(b), 14(a) and 20(a) of the Exchange Act and for contribution under Sections 10(b) and 21D of the Exchange Act. On February 24, 2021, the U.S. District Court entered an order granting the parties’ stipulation to stay this action in light of the Daniels Family 2001 Revocable Trust putative securities class action (the “Securities Action”). Subject to the terms of the parties’ stipulation, this action is stayed until 30 days after the final resolution of the motion to dismiss in the Securities Action. On March 11, 2021, the U.S. District Court granted the plaintiff’s motion to substitute Dr. Miriam Adelson, in her capacity as the Special Administrator for the estate of Sheldon G. Adelson, for Sheldon G. Adelson as a defendant in this action. This 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. Macao Subconcession Under the Macao subconcession, the Company is obligated to pay to the Macao government an annual premium with a fixed portion and a variable portion based on the number and type of gaming tables it employs and gaming machines it operates. The fixed portion of the premium is equal to 30 million patacas (approximately $4 million

Stock-Based Employee Compensati

Stock-Based Employee Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Employee Compensation	Stock-Based Employee Compensation The Company has two equity award plans for grants of options to purchase the Company's common stock and ordinary shares of SCL (the "2004 Plan" and the "SCL Equity Plan," respectively), which are described below. The 2004 Plan provides for the granting of equity awards pursuant to the applicable provisions of the Internal Revenue Code and regulations in the United States. Las Vegas Sands Corp. 2004 Equity Award Plan The 2004 Plan gives the Company a competitive edge in attracting, retaining and motivating employees, directors and consultants and to provide the Company with a stock plan providing incentives directly related to increases in its stockholder value. Any of the Company's subsidiaries' or affiliates' employees, directors or officers and many of its consultants are eligible for awards under the 2004 Plan. The 2004 Plan provided for an aggregate of 26,344,000 shares of the Company's common stock to be available for awards. The 2004 Plan originally had a term of ten years, but in June 2014, the Company's Board of Directors approved an amendment to the 2004 Plan, extending the term to December 2019. In May 2019, the Board of Directors and stockholders approved the adoption of the Las Vegas Sands Corp. Amended and Restated 2004 Equity Award Plan (the “Amended 2004 Plan”), which extended the term of the Amended 2004 Plan through December 2024 and increased the number of shares of common stock available for grants by 10,000,000 shares. The compensation committee may grant awards of nonqualified stock options, incentive (qualified) stock options, stock appreciation rights, restricted stock awards, restricted stock units, stock bonus awards, performance compensation awards or any combination of the foregoing. As of December 31, 2021, there were 3,753,271 shares available for grant under the Amended 2004 Plan. Stock option awards are granted with an exercise price equal to the fair market value (as defined in the Amended 2004 Plan) of the Company's stock on the date of grant. The outstanding stock options generally vest over three ten Sands China Ltd. Equity Award Plan The SCL Equity Plan gives SCL a competitive edge in attracting, retaining and motivating employees, directors and consultants and to provide SCL with a stock plan providing incentives directly related to increases in its stockholder value. Subject to certain criteria as defined in the SCL Equity Plan, SCL's subsidiaries' or affiliates' employees, directors or officers and many of its consultants are eligible for awards under the SCL Equity Plan. The SCL 2009 Equity Plan provided for an aggregate of 804,786,508 shares of SCL's common stock to be available for awards. The SCL 2009 Equity Plan had a term of ten years, which expired on November 30, 2019, and no further awards may be granted after the expiration of the term. All existing awards previously granted under the SCL 2009 Equity Plan, but which are unexercised or unvested, will remain valid and (where applicable) exercisable in accordance with their terms of grant despite the expiration of the SCL 2009 Equity Plan. SCL's remuneration committee may grant awards of stock options, stock appreciation rights, restricted stock awards, restricted stock units, stock bonus awards, performance compensation awards or any combination of the foregoing. Effective December 1, 2019, the SCL 2019 Equity Plan was approved by shareholders, with materially the same terms of the SCL 2009 Equity Plan. As of December 31, 2021, there were 808,619,139 shares available for grant under the SCL 2019 Equity Plan. Stock option awards are granted with an exercise price not less than (i) the closing price of SCL's stock on the date of grant or (ii) the average closing price of SCL's stock for the five business days immediately preceding the date of grant. The outstanding stock options generally vest over four years and have ten Under the SCL 2009 Equity Plan and the SCL 2019 Equity Plan, SCL granted restricted share units to eligible employees. Such restricted share units vest over three to four years. Employees are entitled to a future cash payment that is equivalent to the fair value of the restricted share unit and any accumulated dividends in cash upon vesting. Stock-Based Employee Compensation Activity The fair value of each option grant was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2021 2020 2019 LVSC Amended 2004 Plan: Weighted average volatility 25.1 % 23.8 % 24.1 % Expected term (in years) 5.5 5.5 5.5 Risk-free rate 0.9 % 1.3 % 2.1 % Expected dividend yield — % 4.6 % 5.2 % SCL Equity Plan: Weighted average volatility — % — % 36.9 % Expected term (in years) — — 4.8 Risk-free rate — % — % 1.7 % Expected dividend yield — % — % 5.0 % A summary of the stock option activity for the Company's equity award plans for the year ended December 31, 2021, is presented below: Shares Weighted Weighted Aggregate LVSC Amended 2004 Plan: Outstanding as of January 1, 2021 8,937,266 $ 57.16 Granted 4,513,468 34.34 Exercised (121,710) 58.73 Forfeited or expired (64,507) 63.48 Outstanding as of December 31, 2021 13,264,517 $ 49.35 7.05 $ 15 Exercisable as of December 31, 2021 5,946,626 $ 58.64 4.82 $ — SCL Equity Plan: Outstanding as of January 1, 2021 54,417,800 $ 4.96 Exercised (3,070,100) 3.91 Forfeited or expired (3,167,400) 5.32 Outstanding as of December 31, 2021 48,180,300 $ 5.01 5.56 $ — Exercisable as of December 31, 2021 37,620,100 $ 4.94 5.17 $ — A summary of the unvested restricted stock and restricted stock units under the Company's equity award plans for the year ended December 31, 2021, is presented below: Shares Weighted LVSC Amended 2004 Plan: Unvested Restricted Stock Balance as of January 1, 2021 15,323 $ 45.68 Granted 25,104 55.76 Vested (15,323) 45.68 Balance as of December 31, 2021 25,104 $ 55.76 Unvested Restricted Stock Units Balance as of January 1, 2021 — $ — Granted 786,310 48.96 Forfeited (15,160) 59.76 Balance as of December 31, 2021 771,150 $ 48.75 SCL Equity Plan: Unvested Restricted Stock Units Balance as of January 1, 2021 3,362,700 $ 4.44 Granted 13,039,600 3.22 Vested (960,544) 4.46 Forfeited (120,212) 4.53 Balance as of December 31, 2021 15,321,544 $ 3.40 The grant date fair value of SCL's restricted stock unit awards is the share price of SCL's ordinary shares at the respective grant date. The fair value of these awards is remeasured each reporting period until the vesting dates. Upon settlement, SCL will pay the grantees an amount in cash calculated based on the closing price of SCL's shares on the vesting date or higher of (i) the closing price of SCL's shares on the vesting date, and (ii) the average closing price of SCL's shares for the five trading days immediately preceding the vesting date. The accrued liability associated with these cash-settled restricted stock units was $8 million as of December 31, 2021. As of December 31, 2021, under the Amended 2004 Plan there was $49 million and $32 million of unrecognized compensation cost related to unvested stock options and unvested restricted stock and stock units, respectively. The stock option and restricted stock and stock unit costs are expected to be recognized over a weighted average period of 2.4 years, and 2.7 years, respectively. As of December 31, 2021, under the SCL Equity Plan there was $5 million and $28 million of unrecognized compensation cost related to unvested stock options and unvested restricted stock units, respectively. The stock option and restricted stock unit costs are expected to be recognized over a weighted average period of 1.1 years and 2.8 years, respectively. The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2021: Year Ended December 31, 2021 2020 2019 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 14 $ 20 $ 34 Restricted stock and stock units 13 7 2 $ 27 $ 27 $ 36 Income tax benefit recognized in the consolidated statements of operations $ 1 $ 2 $ 4 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 1 LVSC Amended 2004 Plan: Stock options granted 4,513,468 875,474 1,204,145 Weighted average grant date fair value $ 8.63 $ 7.79 $ 7.23 Restricted stock granted 25,104 17,512 11,039 Weighted average grant date fair value $ 55.76 $ 45.68 $ 63.40 Restricted stock units granted 786,310 — — Weighted average grant date fair value $ 48.96 $ — $ — Stock options exercised: Intrinsic value $ 1 $ 5 $ 11 Cash received $ 7 $ 18 $ 26 SCL 2019 Equity Plan: Stock options granted — — 19,409,600 Weighted average grant date fair value $ — $ — $ 1.03 Restricted stock units granted 13,039,600 2,337,200 1,412,400 Weighted average grant date fair value $ 3.22 $ 4.11 $ 4.99 Stock options exercised: Intrinsic value $ 3 $ 2 $ 12 Cash received $ 12 $ 6 $ 28

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions During the years ended December 31, 2021, 2020 and 2019, the Principal Stockholders purchased certain services from the Company including security and medical support, lodging, banquet services and other goods and services for $2 million, $1 million and $2 million, respectively. For the years ended December 31, 2021, 2020 and 2019, the Company incurred $3 million, $2 million and $3 million, respectively, for food and beverage services, newspaper subscriptions and security support from entities in which the Principal Stockholders have an ownership interest. During the years ended December 31, 2021, 2020 and 2019, the Company incurred certain expenses of $3 million, $5 million and $9 million, respectively, related to the Company's use of its Principal Stockholders' personal aircraft and yacht and aircraft refurbishment and maintenance services for business purposes. During the years ended December 31, 2021, 2020 and 2019, the Company charged the Principal Stockholders $21 million, $18 million and $25 million, respectively, related to aviation costs incurred by the Company for the Principal Stockholders' use of Company aviation personnel and assets for personal purposes. In addition, the Principal Stockholders agreed to reimburse the Company for the installation of avionics and aircraft systems on their personal aircraft. During the year ended December 31, 2019, the Company paid $9 million for such costs and was reimbursed in full by the Principal Stockholders.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
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; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao; Sands Macao; Marina Bay Sands; Las Vegas Operating Properties; and, through May 30, 2019, Sands Bethlehem. 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 and the MBS Expansion Project. 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) and Corporate and Other to reconcile to the condensed consolidated results of operations and financial condition. The operations that comprised the Company’s former Las Vegas Operating Properties reportable business segment were classified as a discontinued operation and the information below as of and for the years ended December 31, 2021, 2020 and 2019, excludes these results. The Company's segment information as of and for the years ended December 31, 2021, 2020 and 2019, is as follows: Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues (In millions) Year Ended December 31, 2021 Macao: The Venetian Macao $ 944 $ 77 $ 24 $ 195 $ 16 $ 1,256 The Londoner Macao 396 90 30 56 16 588 The Parisian Macao 244 54 17 39 3 357 The Plaza Macao and Four Seasons Macao 298 45 17 184 2 546 Sands Macao 105 10 5 1 1 122 Ferry Operations and Other — — — — 28 28 1,987 276 93 475 66 2,897 Marina Bay Sands 905 139 106 176 44 1,370 Intercompany royalties (1) — — — — 83 83 Intercompany eliminations (2) — — — (2) (114) (116) Total net revenues $ 2,892 $ 415 $ 199 $ 649 $ 79 $ 4,234 Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues (In millions) Year Ended December 31, 2020 Macao: The Venetian Macao $ 531 $ 46 $ 14 $ 126 $ 21 $ 738 The Londoner Macao 192 42 17 38 8 297 The Parisian Macao 180 33 14 27 5 259 The Plaza Macao and Four Seasons Macao 159 17 9 79 1 265 Sands Macao 107 6 5 1 1 120 Ferry Operations and Other — — — — 28 28 1,169 144 59 271 64 1,707 Marina Bay Sands 872 136 97 112 44 1,261 Intercompany royalties (1) — — — — 66 66 Intercompany eliminations (2) — — — (2) (92) (94) Total net revenues $ 2,041 $ 280 $ 156 $ 381 $ 82 $ 2,940 Year Ended December 31, 2019 Macao: The Venetian Macao $ 2,875 $ 222 $ 73 $ 254 $ 86 $ 3,510 The Londoner Macao 1,541 320 97 71 23 2,052 The Parisian Macao 1,376 130 70 53 21 1,650 The Plaza Macao and Four Seasons Macao 650 41 31 151 4 877 Sands Macao 576 18 27 3 4 628 Ferry Operations and Other — — — — 117 117 7,018 731 298 532 255 8,834 Marina Bay Sands 2,167 404 241 185 104 3,101 Sands Bethlehem (3) 199 7 11 1 9 227 Intercompany royalties (1) — — — — 206 206 Intercompany eliminations (2) — — — (2) (239) (241) Total net revenues $ 9,384 $ 1,142 $ 550 $ 716 $ 335 $ 12,127 _________________________ (1) Royalties were earned from foreign operations, which were previously included in the Las Vegas Operating Properties and will continue post-closing of the sale. (2) Intercompany eliminations include royalties and other intercompany services. (3) The Company completed the sale of Sands Bethlehem on May 31, 2019. Results of operations include Sands Bethlehem through May 30, 2019. Year Ended December 31, 2021 2020 2019 (In millions) Intersegment Revenues Macao: The Venetian Macao $ 4 $ 4 $ 4 The Londoner Macao 1 1 — Ferry Operations and Other 22 19 27 27 24 31 Marina Bay Sands 6 4 4 Intercompany royalties 83 66 206 Total intersegment revenues $ 116 $ 94 $ 241 Year Ended December 31, 2021 2020 2019 (In millions) Adjusted Property EBITDA Macao: The Venetian Macao $ 297 $ (53) $ 1,407 The Londoner Macao (84) (184) 726 The Parisian Macao (17) (131) 544 The Plaza Macao and Four Seasons Macao 219 33 345 Sands Macao (69) (76) 175 Ferry Operations and Other (8) (20) (8) 338 (431) 3,189 Marina Bay Sands 448 383 1,661 Sands Bethlehem (1) — — 52 Consolidated adjusted property EBITDA (2) 786 (48) 4,902 Other Operating Costs and Expenses Stock-based compensation (3) (12) (15) (14) Corporate (211) (168) (313) Pre-opening (19) (19) (34) Development (109) (18) (24) Depreciation and amortization (1,041) (997) (1,020) Amortization of leasehold interests in land (56) (55) (51) Loss on disposal or impairment of assets (27) (73) (81) Operating income (loss) (689) (1,393) 3,365 Other Non-Operating Costs and Expenses Interest income 4 21 74 Interest expense, net of amounts capitalized (621) (523) (449) Other income (expense) (31) 19 56 Gain on sale of Sands Bethlehem — — 556 Loss on modification or early retirement of debt (137) — (2) Income tax (expense) benefit 5 (24) (432) Net income (loss) from continuing operations $ (1,469) $ (1,900) $ 3,168 _________________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019. 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 years ended December 31, 2021, 2020 and 2019, the Company recorded stock-based compensation expense of $27 million, $27 million and $36 million, respectively, of which $15 million, $12 million and $22 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations. Year Ended December 31, 2021 2020 2019 (In millions) Capital Expenditures Corporate and Other $ 27 $ 5 $ 59 Macao: The Venetian Macao 71 140 131 The Londoner Macao 551 739 282 The Parisian Macao 4 11 32 The Plaza Macao and Four Seasons Macao 19 157 298 Sands Macao 7 9 16 Ferry Operations and Other 1 2 3 653 1,058 762 Marina Bay Sands 148 164 195 Sands Bethlehem (1) — — 2 Total capital expenditures $ 828 $ 1,227 $ 1,018 _________________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019. Results of operations include Sands Bethlehem through May 30, 2019. December 31, 2021 2020 2019 (In millions) Total Assets Corporate and Other $ 1,357 $ 1,465 $ 1,860 Macao: The Venetian Macao 2,087 2,446 3,243 The Londoner Macao 4,494 4,299 4,504 The Parisian Macao 1,962 2,119 2,351 The Plaza Macao and Four Seasons Macao 1,145 1,203 1,239 Sands Macao 253 320 324 Ferry Operations and Other 132 141 418 10,073 10,528 12,079 Marina Bay Sands 5,326 5,592 5,880 Total assets $ 16,756 $ 17,585 $ 19,819 December 31, 2021 2020 2019 (In millions) Total Long-Lived Assets (1) Corporate and Other $ 176 $ 186 $ 212 Macao: The Venetian Macao 1,555 1,705 1,740 The Londoner Macao 4,317 4,163 3,591 The Parisian Macao 1,915 2,067 2,203 The Plaza Macao and Four Seasons Macao 1,055 1,135 1,112 Sands Macao 197 218 237 Ferry Operations and Other 60 73 54 9,099 9,361 8,937 Marina Bay Sands 4,741 4,989 5,063 Total long-lived assets $ 14,016 $ 14,536 $ 14,212 _________________________ (1) Long-lived assets include property and equipment, net of accumulated depreciation and amortization, and leasehold interests in land, net of accumulated amortization.

Selected Quarterly Financial Re

Selected Quarterly Financial Results (Unaudited)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Results (Unaudited)	Selected Quarterly Financial Results (Unaudited) Quarter First Second Third Fourth Total (In millions, except per share data) 2021 Net revenues $ 1,196 $ 1,173 $ 857 $ 1,008 $ 4,234 Operating loss (96) (139) (316) (138) (689) Net loss from continuing operations (280) (280) (594) (315) (1,469) Income (loss) from discontinued operations, net of income taxes (62) 38 99 118 193 Net loss (342) (242) (495) (197) (1,276) Net loss attributable to Las Vegas Sands Corp. (278) (192) (368) (123) (961) Earnings (loss) per share - Basic: Loss from continuing operations (0.28) (0.30) (0.61) (0.32) (1.51) Income (loss) from discontinued operations, net of income taxes (0.08) 0.05 0.13 0.15 0.25 Net loss attributable to Las Vegas Sands Corp. (0.36) (0.25) (0.48) (0.17) (1.26) Earnings (loss) per share - Diluted: Income (loss) from continuing operations (0.28) (0.30) (0.61) (0.32) (1.51) Income (loss) from discontinued operations, net of income taxes (0.08) 0.05 0.13 0.15 0.25 Net income (loss) attributable to Las Vegas Sands Corp. (0.36) (0.25) (0.48) (0.17) (1.26) 2020 Net revenues $ 1,417 $ 62 $ 446 $ 1,015 $ 2,940 Operating income (loss) 6 (757) (523) (119) (1,393) Net loss from continuing operations (92) (841) (664) (303) (1,900) Income (loss) from discontinued operations, net of income taxes 41 (144) (67) (73) (243) Net loss (51) (985) (731) (376) (2,143) Net loss attributable to Las Vegas Sands Corp. (1) (820) (565) (299) (1,685) Earnings (loss) per share - Basic: Loss from continuing operations (0.05) (0.88) (0.65) (0.30) (1.89) Income (loss) from discontinued operations, net of income taxes 0.05 (0.19) (0.09) (0.10) (0.32) Net loss attributable to Las Vegas Sands Corp. — (1.07) (0.74) (0.40) (2.21) Earnings (loss) per share - Diluted: Loss from continuing operations (0.05) (0.88) (0.65) (0.30) (1.89) Income (loss) from discontinued operations, net of income taxes 0.05 (0.19) (0.09) (0.10) (0.32) Net income (loss) attributable to Las Vegas Sands Corp. — (1.07) (0.74) (0.40) (2.21) Because earnings per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total earnings per share amounts for the respective year.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS LAS VEGAS SANDS CORP. AND SUBSIDIARIES For the Years Ended December 31, 2021, 2020 and 2019 Description Balance at Provision Write-offs, Balance (In millions) Provision for credit losses: 2019 $ 247 22 (49) $ 220 2020 $ 220 86 (51) $ 255 2021 $ 255 3 (26) $ 232 Description Balance at Additions Deductions Balance (In millions) Deferred income tax asset valuation allowance: 2019 $ 4,769 29 (12) $ 4,786 2020 $ 4,786 138 (2) $ 4,922 2021 $ 4,922 115 (3) $ 5,034

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and variable interest entities in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could vary from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of less than 90 days. Such investments are carried at cost, which is a reasonable estimate of their fair value. Cash equivalents are placed with high credit quality financial institutions and are primarily in money market funds. Restricted cash represents those amounts contractually reserved for substantial mall-related repairs and maintenance expenditures. The estimated fair value of the Company's cash equivalents is based on level 1 inputs (quoted market prices in active markets).
Accounts Receivable and Credit Risk	Accounts Receivable and Credit Risk Accounts receivable is comprised of casino, hotel, mall and other receivables, which do not bear interest and are recorded at amortized cost. The Company extends credit to approved casino patrons following background checks and investigations of creditworthiness. The Company also extends credit to gaming promoters in Macao. These receivables can be offset against commissions payable to the respective gaming promoters. Business or economic conditions, the legal enforceability of gaming debts, foreign currency control measures or other significant events in foreign countries could affect the collectability of receivables from patrons and gaming promoters residing in these countries. Accounts receivable primarily consists of casino receivables. Other than casino receivables, there is no other concentration of credit risk with respect to accounts receivable. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit evaluation process, credit policies, credit control and collection procedures, and also believes there are no concentrations of credit risk for which a provision has not been established. Although management believes the provision is adequate, it is possible the estimated amount of cash collections with respect to accounts receivable could change.
Inventories	Inventories Inventories consist primarily of food, beverage, retail products and operating supplies, which are stated at the lower of cost or net realizable value. Cost is determined by the weighted average and specific identification methods.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment losses, if any. Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years The estimated useful lives are based on the nature of the assets as well as current operating strategy and legal considerations, such as contractual life, and are periodically reviewed. Future events, such as property expansions, property developments, new competition or new regulations, could result in a change in the manner in which the Company uses certain assets requiring a change in the estimated useful lives of such assets. Maintenance and repairs that neither materially add to the value of the asset nor appreciably prolong its life are charged to expense as incurred. Gains or losses on disposition of property and equipment are included in the consolidated statements of operations. The Company evaluates its property and equipment and other long-lived assets for impairment in accordance with related accounting standards. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is estimated based on comparable asset sales, solicited offers or a discounted cash flow model. Fixed assets are reviewed for impairment whenever indicators of impairment exist. Determining the recoverability of the Company's asset groups is judgmental in nature and requires the use of significant estimates and assumptions, including estimated cash flows, probability weighting of potential scenarios, costs to complete construction for assets under development, growth rates and future market conditions, among others. Future changes to the Company's estimates and assumptions based upon changes in macro-economic factors, regulatory environments, operating results or management's intentions may result in future changes to the recoverability of these asset groups.
Lessee, 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 right-of-use ("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.
Lessor, 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 right-of-use ("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.
Capitalized Interest and Internal Costs	Capitalized Interest and Internal Costs Interest costs associated with major construction projects are capitalized and included in the cost of the projects. When no debt is incurred specifically for construction projects, interest is capitalized on amounts expended using the weighted average cost of the Company's outstanding borrowings. Capitalization of interest ceases when the project is substantially complete or construction activity is suspended for more than a brief period. During the years ended December 31, 2021, 2020 and 2019, the Company capitalized $15 million, $21 million and $9 million, respectively, of interest expense. During the years ended December 31, 2021, 2020 and 2019, the Company capitalized approximately $49 million, $37 million and $27 million, respectively, of internal costs, consisting primarily of compensation expense for individuals directly involved with the development and construction of property.
Deferred Financing Costs and Original Issue Discounts	Deferred Financing Costs and Original Issue Discounts Certain direct and incremental costs and discounts incurred in obtaining loans are capitalized and amortized to interest expense based on the terms of the related debt instruments using the effective interest method.
Leasehold Interests in Land	Leasehold Interests in Land Leasehold interests in land represent payments for the use of land over an extended period of time. The leasehold interests in land are amortized on a straight-line basis over the expected term of the related lease agreements.
Revenue Recognition	Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s mall tenants, convention sales and entertainment and ferry ticket sales. These contracts can be written, oral or implied by customary business practices. Gross casino revenue is the aggregate of gaming wins and losses. The commissions rebated to gaming promoters and premium players for rolling play, cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to gross casino revenue. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s loyalty programs. For wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, the Company allocates the relative stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company's control and discretion, which are supplied by third parties, are recorded as an operating expense. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty programs, the Company allocates the estimated fair value of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis versus an individual basis. Hotel revenue recognition criteria are met at the time of occupancy. Food and beverage revenue recognition criteria are met at the time of service. Convention revenues are recognized when the related service is rendered or the event is held. Deposits for future hotel occupancy, convention space or food and beverage services contracts are recorded as deferred revenue until the revenue recognition criteria are met. Cancellation fees for convention contracts are recognized upon cancellation by the customer and are included in other revenues. Ferry and entertainment revenue recognition criteria are met at the completion of the ferry trip or event, respectively. Revenue from contracts with a combination of these services is allocated pro rata based on each service’s relative stand-alone selling price. Revenue from leases is primarily recorded to mall revenue and is generated from base rents and overage rents received through long-term leases with retail tenants. Base rent, adjusted for contractual escalations, is recognized on a straight-line basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company has the following main types of liabilities associated with contracts with customers: (1) outstanding chip liability, (2) loyalty program liability and (3) customer deposits and other deferred revenue for gaming and non-gaming products and services yet to be provided. The outstanding chip liability represents the collective amounts owed to gaming promoters and patrons in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. The loyalty program liability represents a deferral of revenue until patron redemption of points earned. The loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned. Due to travel restrictions resulting from the COVID-19 Pandemic, the Company temporarily extended the redemption period of these points for patrons not able or willing to travel to Singapore and for all patrons with points at its properties located in Macao. The required redemption period is expected to be reinstated during 2022. Customer deposits and other deferred revenue represent cash deposits made by customers for future services provided by the Company. With the exception of mall deposits, which typically extend beyond a year based on the terms of the lease, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. The following table summarizes the liability activity related to contracts with customers: Outstanding Chip Liability Loyalty Program Liability Customer Deposits and Other Deferred Revenue (1) 2021 2020 2021 2020 2021 2020 (In millions) Balance at January 1 $ 197 $ 510 $ 62 $ 63 $ 633 $ 591 Balance at December 31 74 197 61 62 618 633 Increase (decrease) (2) $ (123) $ (313) $ (1) $ (1) $ (15) $ 42 ____________________ (1) Of this amount, $145 million, $152 million and $154 million as of December 31, 2021 and 2020 and January 1, 2020, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year. (2) The decrease noted in outstanding chip liability in 2021 primarily resulted from the closure of fixed room junket operations in December 2021.
Gaming Taxes	Gaming Taxes The Company is subject to taxes based on gross gaming revenue in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes, including the goods and services tax in Singapore, are an assessment on the Company's gaming revenue and are recorded as a casino expense in the accompanying consolidated statements of operations. These taxes were $1.22 billion, $812 million and $3.93 billion for the years ended December 31, 2021, 2020 and 2019, respectively.
Pre-Opening and Development Expenses	Pre-Opening and Development Expenses The Company accounts for costs incurred in the development and pre-opening phases of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred. Development expenses include the costs associated with the Company's evaluation and pursuit of new business opportunities, which are also expensed as incurred.
Advertising Costs	Advertising Costs Costs for advertising are expensed the first time the advertising takes place or as incurred. Advertising costs included in the accompanying consolidated statements of operations were $31 million, $26 million and $112 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Corporate Expenses	Corporate Expenses Corporate expense represents payroll, travel, legal fees, professional fees and various other expenses not allocated or directly related to the Company's Integrated Resort operations and related ancillary operations.
Foreign Currency	Foreign Currency The functional currency of most of our foreign subsidiaries is the local currency in which the subsidiary operates. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date and income statement accounts are translated at the average exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in other income (expense).
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity, or other comprehensive income (loss). The balance of accumulated other comprehensive income (loss) consisted of foreign currency translation adjustment and cash flow hedge fair value adjustments.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2021 2020 2019 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 764 764 771 Potential dilution from stock options and restricted stock and stock units — — — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 764 764 771 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 9 9 3
Stock-Based Employee Compensation	Stock-Based Employee Compensation Stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized over the employee's requisite service period (generally the vesting period of the equity grant). The Company's stock-based employee compensation plans are more fully discussed in "Note 16 — Stock-Based Employee Compensation."
Income Taxes	Income Taxes The Company is subject to income taxes in the U.S. (including federal and state) and numerous foreign jurisdictions in which it operates. The Company records income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carryforwards. Accounting standards regarding income taxes require a reduction of the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence, it is "more-likely-than-not" such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed at each reporting period based on a "more-likely-than-not" realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, the Company's experience with operating loss and tax credit carryforwards not expiring and tax planning strategies. Management will reassess the realization of deferred tax assets each reporting period and consider the scheduled reversal of deferred tax liabilities, sources of taxable income and tax planning strategies. To the extent the financial results of these operations improve and it becomes "more-likely-than-not" the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance in the period such determination is made as appropriate. Significant judgment is required in evaluating the Company's tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions for which the ultimate tax determination is uncertain. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and for which actual outcomes may be different.
Accounting for Derivative Instruments and Hedging Activities	Accounting for Derivative Instruments and Hedging Activities Accounting standards require an entity to recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value. If specific conditions are met, a derivative may be designated as a hedge of specific financial exposures. The accounting for changes in fair value of a derivative depends on the intended use of the derivative and, if used in hedging activities, on its effectiveness as a hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must be designated as a hedge and must reduce the Company's exposure to market fluctuation throughout the hedge period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s management has evaluated all of the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows.
Reclassification	Reclassification Certain amounts in the accompanying consolidated financial statements and accompanying notes have been reclassified to be consistent with the current period presentation. These reclassifications had no effect on net income for the prior periods.

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements (Policies)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurement	Under applicable accounting guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance also establishes a valuation hierarchy for inputs in measuring fair value that maximizes the use of observable inputs (inputs market participants would use based on market data obtained from sources independent of the Company) and minimizes the use of unobservable inputs (inputs that reflect the Company's assumptions based upon the best information available in the circumstances) by requiring the most observable inputs be used when available. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the assets or liabilities, either directly or indirectly. Level 3 inputs are unobservable inputs for the assets or liabilities. Categorization within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Estimated Useful Lives of Assets	Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years
Contract and Contract Related Liabilities	The following table summarizes the liability activity related to contracts with customers: Outstanding Chip Liability Loyalty Program Liability Customer Deposits and Other Deferred Revenue (1) 2021 2020 2021 2020 2021 2020 (In millions) Balance at January 1 $ 197 $ 510 $ 62 $ 63 $ 633 $ 591 Balance at December 31 74 197 61 62 618 633 Increase (decrease) (2) $ (123) $ (313) $ (1) $ (1) $ (15) $ 42 ____________________ (1) Of this amount, $145 million, $152 million and $154 million as of December 31, 2021 and 2020 and January 1, 2020, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year. (2) The decrease noted in outstanding chip liability in 2021 primarily resulted from the closure of fixed room junket operations in December 2021.
Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2021 2020 2019 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 764 764 771 Potential dilution from stock options and restricted stock and stock units — — — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 764 764 771 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 9 9 3

Held for Sale _ Discontinued _2

Held for Sale — Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table represents summarized balance sheet information of assets and liabilities held for sale: December 31, 2021 December 31, (In millions) Cash and cash equivalents $ 55 $ 39 Accounts receivable, net of provision for credit losses of $58 and $59 126 86 Inventories 9 10 Prepaid expenses and other 23 23 Property and equipment, net 2,864 2,830 Other assets, net 226 234 Total held for sale assets in the balance sheet (1) $ 3,303 $ 3,222 Accounts payable $ 24 $ 9 Construction payables 8 6 Other accrued liabilities 318 232 Long-term debt 2 3 Deferred amounts related to mall sale transactions 338 344 Other long-term liabilities 131 161 Total held for sale liabilities in the balance sheet (1) $ 821 $ 755 ____________________ (1) All assets and liabilities held for sale were classified as current as it is probable the sale of the Las Vegas Operations will be completed within one year. The following table represents summarized income statement information of discontinued operations: Year Ended December 31, 2021 2020 2019 (In millions) Revenues: Casino $ 443 $ 228 $ 444 Rooms 454 218 610 Food and beverage 236 126 347 Convention, retail and other 138 100 211 Net revenues 1,271 672 1,612 Resort operations expenses 626 490 733 Provision for credit losses 13 12 8 General and administrative 342 294 384 Corporate — 1 — Depreciation and amortization 25 163 145 Loss on disposal or impairment of assets 6 7 9 Operating income (loss) 259 (295) 333 Interest expense (13) (13) (106) Other income (expense) 1 3 (34) Loss on modification or early retirement of debt — — (21) Income (loss) from discontinued operations before income tax 247 (305) 172 Income tax (expense) benefit (54) 62 (36) Net income (loss) from discontinued operations presented in the statement of operations $ 193 $ (243) $ 136 Adjusted Property EBITDA $ 290 $ (124) $ 487

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts Receivable	Accounts receivable consists of the following: December 31, 2021 2020 (In millions) Casino $ 313 $ 415 Rooms 13 9 Mall 91 49 Other 17 34 434 507 Less — provision for credit losses (232) (255) $ 202 $ 252
Accounts Receivable, Provision for Credit Losses	The following table shows the movement in the provision for credit losses recognized for accounts receivable that occurred during the period: 2021 2020 (In millions) Balance at January 1 $ 255 $ 220 Current period provision for credit losses 3 86 Write-offs (26) (54) Recoveries of receivables previously written-off 4 — Exchange rate impact (4) 3 Balance at December 31 $ 232 $ 255

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following: December 31, 2021 2020 (In millions) Land and improvements $ 449 $ 452 Building and improvements 14,840 14,235 Furniture, fixtures, equipment and leasehold improvements 3,992 3,798 Transportation 494 524 Construction in progress 1,513 1,901 21,288 20,910 Less — accumulated depreciation and amortization (9,438) (8,630) $ 11,850 $ 12,280

Leasehold Interests in Land, _2

Leasehold Interests in Land, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Leasehold Interests In Land, Net [Abstract]
Leasehold Interests in Land	Leasehold interests in land consist of the following: December 31, 2021 2020 (In millions) Marina Bay Sands $ 1,980 $ 2,024 The Londoner Macao 293 295 The Venetian Macao 241 242 The Plaza Macao and Four Seasons Macao 106 106 The Parisian Macao 89 89 Sands Macao 36 37 2,745 2,793 Less — accumulated amortization (579) (537) $ 2,166 $ 2,256

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Intangible assets consist of the following: December 31, 2021 2020 (In millions) Marina Bay Sands gaming license $ 53 $ 55 Trademarks and other 13 1 66 56 Less — accumulated amortization (47) (31) Total intangible assets, net $ 19 $ 25

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Other Accrued Liabilities	Other accrued liabilities consist of the following: December 31, 2021 2020 (In millions) Customer deposits $ 470 $ 501 Payroll and related 253 161 Accrued interest payable 157 179 Taxes and licenses 143 148 Outstanding chip liability 74 197 Other accruals 237 288 $ 1,334 $ 1,474

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following: December 31, 2021 2020 (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 $8 and $11, respectively) $ 1,742 $ 1,739 2.900% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $3 and $4, respectively) 497 496 3.500% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $8 and $10, respectively) 992 990 3.900% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing costs of $7 and $8, respectively) 743 742 Macao Related (1) : 4.600% Senior Notes due 2023 (net of unamortized original issue discount and deferred financing costs $9) — 1,791 5.125% Senior Notes due 2025 (net of unamortized original issue discount and deferred financing costs of $9 and $11, respectively) 1,791 1,789 3.800% Senior Notes due 2026 (net of unamortized original issue discount and deferred financing costs of $6 and $8, respectively) 794 792 2.300% Senior Notes due 2027 (net of unamortized original issue discount and deferred financing cost of $7) 693 — 5.400% Senior Notes due 2028 (net of unamortized original issue discount and deferred financing costs of $15 and $16, respectively) 1,885 1,884 2.850% Senior Notes due 2029 (net of unamortized original issue discount and deferred financing cost of $7) 643 — 4.375% Senior Notes due 2030 (net of unamortized original issue discount and deferred financing costs of $9 and $10, respectively) 691 690 3.250% Senior Notes due 2031 (net of unamortized original issue discount and deferred financing cost of $6) 594 — 2018 SCL Credit Facility — Revolving 753 — Other (2) 27 21 Singapore Related (1) : 2012 Singapore Credit Facility — Term (net of unamortized deferred financing costs of $43 and $50, respectively) 2,902 3,023 2012 Singapore Delayed Draw Term Facility (net of unamortized deferred financing costs of $1) 45 46 Other (2) 3 1 14,795 14,004 Less — current maturities (74) (75) Total long-term debt $ 14,721 $ 13,929 ____________________ (1) Unamortized deferred financing costs of $81 million and $91 million as of December 31, 2021 and 2020, respectively, related to the Company's revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility are included in other assets, net in the accompanying consolidated balance sheets. (2) Includes finance leases related to Macao and Singapore of $24 million and $1 million as of December 31, 2021, respectively and $21 million and $1 million as of December 31, 2020, respectively.
Cash Flows from Financing Activities Related to Long-Term Debt and Finance Lease Obligations	Cash flows from financing activities related to long-term debt and finance lease obligations are as follows: Year Ended December 31, 2021 2020 2019 (In millions) Proceeds from 2027, 2029 and 2031 SCL Senior Notes $ 1,946 $ — $ — Proceeds from 2026 and 2030 SCL Senior Notes — 1,496 — Proceeds from 2018 SCL Credit Facility 756 403 — Proceeds from 2012 Singapore Credit Facility - Delayed Draw Term — 46 — Proceeds from LVSC Senior Notes — — 4,000 $ 2,702 $ 1,945 $ 4,000 Repayments on 2023 SCL Senior Notes $ (1,800) $ — $ — Repayments on 2018 SCL Credit Facility — (404) — Repayments on 2012 Singapore Credit Facility (62) (60) (47) Repayments on Other Long-Term Debt (5) (3) (4) $ (1,867) $ (467) $ (51)
Maturities of Long-Term Debt	Maturities of long-term debt outstanding as of December 31, 2021, are summarized as follows: Long-term (In millions) 2022 $ 74 2023 826 2024 1,893 2025 3,335 2026 3,496 Thereafter 5,300 Total $ 14,924

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Rollforward of Common Stock	A summary of the outstanding shares of common stock is as follows: Balance as of January 1, 2019 775,463,214 Exercise of stock options 569,224 Issuance of restricted stock 11,039 Repurchase of common stock (12,558,562) Balance as of December 31, 2019 763,484,915 Exercise of stock options 342,700 Issuance of restricted stock 17,512 Forfeiture of unvested restricted stock (2,189) Balance as of December 31, 2020 763,842,938 Exercise of stock options 121,710 Issuance of restricted stock 25,104 Balance as of December 31, 2021 763,989,752

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income (Loss) Before Income Taxes and Noncontrolling Interests	Consolidated income (loss) before taxes and noncontrolling interests for domestic and foreign operations is as follows: Year Ended December 31, 2021 2020 2019 (In millions) Foreign $ (1,091) $ (1,614) $ 3,145 Domestic (383) (262) 455 Total income (loss) before income taxes from continuing operations $ (1,474) $ (1,876) $ 3,600
Components of Income Tax (Benefit) Expense	The components of the income tax expense (benefit) from continuing operations are as follows: Year Ended December 31, 2021 2020 2019 (In millions) Foreign: Current $ 32 $ 7 $ 245 Deferred (12) 3 (10) Federal: Current 8 (5) 8 Deferred (33) 21 134 State: Current — (2) 33 Deferred — — 22 Total income tax expense (benefit) $ (5) $ 24 $ 432
Effective Income Tax Rate Reconciliation	The reconciliation of the statutory federal income tax rate and the Company's effective tax rate for continuing operations is as follows: Year Ended December 31, 2021 2020 2019 Statutory federal income tax rate (21.0) % (21.0) % 21.0 % Increase (decrease) in tax rate resulting from: Change in valuation allowance 13.1 % 11.4 % 2.9 % Foreign and U.S. tax rate differential 6.7 % 7.8 % (5.9) % Tax exempt (income) loss of foreign subsidiary 0.6 % 2.4 % (8.4) % Other, net 0.3 % 0.7 % 2.4 % Effective tax rate (0.3) % 1.3 % 12.0 %
Components of Deferred Tax Assets and Liabilities	The primary tax affected components of the Company's net deferred tax assets are as follows: December 31, 2021 2020 (In millions) Deferred tax assets: U.S. foreign tax credit carryforwards $ 4,815 $ 4,812 Net operating loss carryforwards 539 466 Interest expense carryforward 18 — Stock-based compensation 16 16 Provision for credit losses 14 14 Deferred gain on mall sale transactions 11 12 Accrued expenses 21 10 Pre-opening expenses 6 7 Other 2 — 5,442 5,337 Less — valuation allowances (5,034) (4,922) Total deferred tax assets 408 415 Deferred tax liabilities: Property and equipment (273) (274) Prepaid expenses (5) (4) Other (6) (7) Total deferred tax liabilities (284) (285) Deferred tax assets, net $ 124 $ 130
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows: December 31, 2021 2020 2019 (In millions) Balance at the beginning of the year $ 131 $ 134 $ 118 Additions to tax positions related to prior years — — 1 Reductions to tax positions related to prior years (4) (14) — Additions to tax positions related to current year 9 11 15 Balance at the end of the year $ 136 $ 131 $ 134

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
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; see "Note 6 — Leasehold Interests in Land, Net"): December 31, Leases Classification on the Balance Sheet 2021 2020 (In millions) Assets Operating lease ROU assets Other assets, net $ 24 $ 25 Finance lease ROU assets Property and equipment, net (1) $ 16 $ 16 Liabilities Current Operating Other accrued liabilities $ 14 $ 16 Finance Current maturities of long-term debt $ 10 $ 12 Noncurrent Operating Other long-term liabilities $ 154 $ 153 Finance Long-term debt $ 15 $ 10 ____________________ (1) Finance lease ROU assets are recorded net of accumulated depreciation of $21 million and $13 million as of December 31, 2021 and 2020, respectively.
Lessee, Other Lease Information	Other information related to lease term and discount rate is as follows: December 31, 2021 2020 Weighted Average Remaining Lease Term Operating leases 32.8 years 33.5 years Finance leases 2.9 years 2.1 years Weighted Average Discount Rate Operating leases 4.9 % 4.9 % Finance leases 2.6 % 2.9 %
Lessee, Lease Expense Components	The components of lease expense are as follows: December 31, 2021 2020 2019 (In millions) Operating lease cost: Amortization of leasehold interests in land $ 56 $ 55 $ 51 Operating lease cost 14 12 16 Short-term lease cost 1 1 5 Variable lease cost 2 2 5 Finance lease cost: Amortization of ROU assets 8 9 5 Interest on lease liabilities 1 1 — Total lease cost $ 82 $ 80 $ 82
Lessee, Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows: December 31, 2021 2020 2019 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 16 $ 19 $ 15 Financing cash flows for finance leases $ 5 $ 3 $ 4 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 10 $ 10 $ 13 Finance leases $ 9 $ 22 $ 17
Lessee, Finance Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2022 $ 16 $ 10 2023 10 10 2024 9 4 2025 6 2 2026 5 — Thereafter 310 — Total future minimum lease payments 356 26 Less — amount representing interest (188) (1) Present value of future minimum lease payments 168 25 Less — current lease obligations (14) (10) Long-term lease obligations $ 154 $ 15
Lessee, Operating Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2022 $ 16 $ 10 2023 10 10 2024 9 4 2025 6 2 2026 5 — Thereafter 310 — Total future minimum lease payments 356 26 Less — amount representing interest (188) (1) Present value of future minimum lease payments 168 25 Less — current lease obligations (14) (10) Long-term lease obligations $ 154 $ 15
Lessor, Lease Revenue Components	Lease revenue consists of the following: Year Ended December 31, 2021 2020 2019 Mall Other Mall Other Mall Other (In millions) Minimum rents $ 505 $ 1 $ 523 $ 1 $ 518 $ 2 Overage rents 115 — 39 — 98 — Rent concessions (1) (65) — (272) — — — Other (2) 6 — — — — — Total overage rents and rent concessions 56 — (233) — 98 — $ 561 $ 1 $ 290 $ 1 $ 616 $ 2 ___________________ (1) Rent concessions were provided to tenants during the years ended December 31, 2021 and 2020 as a result of the COVID-19 Pandemic and the impact on mall and other operations. (2) Amount related to a grant provided by the Singapore government to lessors to support small and medium enterprises impacted by the COVID-19 Pandemic in connection with their rent obligations.
Lessor, Future Minimum Rentals	Future minimum rentals (excluding the escalated contingent rent clauses) on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2022 $ 442 $ 1 2023 359 1 2024 279 — 2025 192 — 2026 155 — Thereafter 363 — Total minimum future rentals $ 1,790 $ 2
Lessor, Leased Property and Equipment	The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: December 31, 2021 2020 (In millions) Property and equipment, at cost $ 1,536 $ 1,405 Accumulated depreciation (639) (578) Property and equipment, net $ 897 $ 827

Stock-Based Employee Compensa_2

Stock-Based Employee Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Black-Scholes Option-Pricing Model Weighted Average Assumptions	The fair value of each option grant was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2021 2020 2019 LVSC Amended 2004 Plan: Weighted average volatility 25.1 % 23.8 % 24.1 % Expected term (in years) 5.5 5.5 5.5 Risk-free rate 0.9 % 1.3 % 2.1 % Expected dividend yield — % 4.6 % 5.2 % SCL Equity Plan: Weighted average volatility — % — % 36.9 % Expected term (in years) — — 4.8 Risk-free rate — % — % 1.7 % Expected dividend yield — % — % 5.0 %
Summary of Stock Option Activity for Company's Equity Award Plans	A summary of the stock option activity for the Company's equity award plans for the year ended December 31, 2021, is presented below: Shares Weighted Weighted Aggregate LVSC Amended 2004 Plan: Outstanding as of January 1, 2021 8,937,266 $ 57.16 Granted 4,513,468 34.34 Exercised (121,710) 58.73 Forfeited or expired (64,507) 63.48 Outstanding as of December 31, 2021 13,264,517 $ 49.35 7.05 $ 15 Exercisable as of December 31, 2021 5,946,626 $ 58.64 4.82 $ — SCL Equity Plan: Outstanding as of January 1, 2021 54,417,800 $ 4.96 Exercised (3,070,100) 3.91 Forfeited or expired (3,167,400) 5.32 Outstanding as of December 31, 2021 48,180,300 $ 5.01 5.56 $ — Exercisable as of December 31, 2021 37,620,100 $ 4.94 5.17 $ —
Summary of Unvested Restricted Stock and Unvested Restricted Stock Units	A summary of the unvested restricted stock and restricted stock units under the Company's equity award plans for the year ended December 31, 2021, is presented below: Shares Weighted LVSC Amended 2004 Plan: Unvested Restricted Stock Balance as of January 1, 2021 15,323 $ 45.68 Granted 25,104 55.76 Vested (15,323) 45.68 Balance as of December 31, 2021 25,104 $ 55.76 Unvested Restricted Stock Units Balance as of January 1, 2021 — $ — Granted 786,310 48.96 Forfeited (15,160) 59.76 Balance as of December 31, 2021 771,150 $ 48.75 SCL Equity Plan: Unvested Restricted Stock Units Balance as of January 1, 2021 3,362,700 $ 4.44 Granted 13,039,600 3.22 Vested (960,544) 4.46 Forfeited (120,212) 4.53 Balance as of December 31, 2021 15,321,544 $ 3.40
Stock-Based Compensation Activity, Summary	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2021: Year Ended December 31, 2021 2020 2019 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 14 $ 20 $ 34 Restricted stock and stock units 13 7 2 $ 27 $ 27 $ 36 Income tax benefit recognized in the consolidated statements of operations $ 1 $ 2 $ 4 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 1 LVSC Amended 2004 Plan: Stock options granted 4,513,468 875,474 1,204,145 Weighted average grant date fair value $ 8.63 $ 7.79 $ 7.23 Restricted stock granted 25,104 17,512 11,039 Weighted average grant date fair value $ 55.76 $ 45.68 $ 63.40 Restricted stock units granted 786,310 — — Weighted average grant date fair value $ 48.96 $ — $ — Stock options exercised: Intrinsic value $ 1 $ 5 $ 11 Cash received $ 7 $ 18 $ 26 SCL 2019 Equity Plan: Stock options granted — — 19,409,600 Weighted average grant date fair value $ — $ — $ 1.03 Restricted stock units granted 13,039,600 2,337,200 1,412,400 Weighted average grant date fair value $ 3.22 $ 4.11 $ 4.99 Stock options exercised: Intrinsic value $ 3 $ 2 $ 12 Cash received $ 12 $ 6 $ 28
Stock-Based Compensation Activity, Arrangements by Share-based Payment Award	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2021: Year Ended December 31, 2021 2020 2019 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 14 $ 20 $ 34 Restricted stock and stock units 13 7 2 $ 27 $ 27 $ 36 Income tax benefit recognized in the consolidated statements of operations $ 1 $ 2 $ 4 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 1 LVSC Amended 2004 Plan: Stock options granted 4,513,468 875,474 1,204,145 Weighted average grant date fair value $ 8.63 $ 7.79 $ 7.23 Restricted stock granted 25,104 17,512 11,039 Weighted average grant date fair value $ 55.76 $ 45.68 $ 63.40 Restricted stock units granted 786,310 — — Weighted average grant date fair value $ 48.96 $ — $ — Stock options exercised: Intrinsic value $ 1 $ 5 $ 11 Cash received $ 7 $ 18 $ 26 SCL 2019 Equity Plan: Stock options granted — — 19,409,600 Weighted average grant date fair value $ — $ — $ 1.03 Restricted stock units granted 13,039,600 2,337,200 1,412,400 Weighted average grant date fair value $ 3.22 $ 4.11 $ 4.99 Stock options exercised: Intrinsic value $ 3 $ 2 $ 12 Cash received $ 12 $ 6 $ 28
Stock-Based Compensation Activity, Allocation of Period Costs	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2021: Year Ended December 31, 2021 2020 2019 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 14 $ 20 $ 34 Restricted stock and stock units 13 7 2 $ 27 $ 27 $ 36 Income tax benefit recognized in the consolidated statements of operations $ 1 $ 2 $ 4 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 1 LVSC Amended 2004 Plan: Stock options granted 4,513,468 875,474 1,204,145 Weighted average grant date fair value $ 8.63 $ 7.79 $ 7.23 Restricted stock granted 25,104 17,512 11,039 Weighted average grant date fair value $ 55.76 $ 45.68 $ 63.40 Restricted stock units granted 786,310 — — Weighted average grant date fair value $ 48.96 $ — $ — Stock options exercised: Intrinsic value $ 1 $ 5 $ 11 Cash received $ 7 $ 18 $ 26 SCL 2019 Equity Plan: Stock options granted — — 19,409,600 Weighted average grant date fair value $ — $ — $ 1.03 Restricted stock units granted 13,039,600 2,337,200 1,412,400 Weighted average grant date fair value $ 3.22 $ 4.11 $ 4.99 Stock options exercised: Intrinsic value $ 3 $ 2 $ 12 Cash received $ 12 $ 6 $ 28

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information	The Company's segment information as of and for the years ended December 31, 2021, 2020 and 2019, is as follows: Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues (In millions) Year Ended December 31, 2021 Macao: The Venetian Macao $ 944 $ 77 $ 24 $ 195 $ 16 $ 1,256 The Londoner Macao 396 90 30 56 16 588 The Parisian Macao 244 54 17 39 3 357 The Plaza Macao and Four Seasons Macao 298 45 17 184 2 546 Sands Macao 105 10 5 1 1 122 Ferry Operations and Other — — — — 28 28 1,987 276 93 475 66 2,897 Marina Bay Sands 905 139 106 176 44 1,370 Intercompany royalties (1) — — — — 83 83 Intercompany eliminations (2) — — — (2) (114) (116) Total net revenues $ 2,892 $ 415 $ 199 $ 649 $ 79 $ 4,234 Casino Rooms Food and Beverage Mall Convention, Retail and Other Net Revenues (In millions) Year Ended December 31, 2020 Macao: The Venetian Macao $ 531 $ 46 $ 14 $ 126 $ 21 $ 738 The Londoner Macao 192 42 17 38 8 297 The Parisian Macao 180 33 14 27 5 259 The Plaza Macao and Four Seasons Macao 159 17 9 79 1 265 Sands Macao 107 6 5 1 1 120 Ferry Operations and Other — — — — 28 28 1,169 144 59 271 64 1,707 Marina Bay Sands 872 136 97 112 44 1,261 Intercompany royalties (1) — — — — 66 66 Intercompany eliminations (2) — — — (2) (92) (94) Total net revenues $ 2,041 $ 280 $ 156 $ 381 $ 82 $ 2,940 Year Ended December 31, 2019 Macao: The Venetian Macao $ 2,875 $ 222 $ 73 $ 254 $ 86 $ 3,510 The Londoner Macao 1,541 320 97 71 23 2,052 The Parisian Macao 1,376 130 70 53 21 1,650 The Plaza Macao and Four Seasons Macao 650 41 31 151 4 877 Sands Macao 576 18 27 3 4 628 Ferry Operations and Other — — — — 117 117 7,018 731 298 532 255 8,834 Marina Bay Sands 2,167 404 241 185 104 3,101 Sands Bethlehem (3) 199 7 11 1 9 227 Intercompany royalties (1) — — — — 206 206 Intercompany eliminations (2) — — — (2) (239) (241) Total net revenues $ 9,384 $ 1,142 $ 550 $ 716 $ 335 $ 12,127 _________________________ (1) Royalties were earned from foreign operations, which were previously included in the Las Vegas Operating Properties and will continue post-closing of the sale. (2) Intercompany eliminations include royalties and other intercompany services. (3) The Company completed the sale of Sands Bethlehem on May 31, 2019. Results of operations include Sands Bethlehem through May 30, 2019. Year Ended December 31, 2021 2020 2019 (In millions) Intersegment Revenues Macao: The Venetian Macao $ 4 $ 4 $ 4 The Londoner Macao 1 1 — Ferry Operations and Other 22 19 27 27 24 31 Marina Bay Sands 6 4 4 Intercompany royalties 83 66 206 Total intersegment revenues $ 116 $ 94 $ 241 Year Ended December 31, 2021 2020 2019 (In millions) Adjusted Property EBITDA Macao: The Venetian Macao $ 297 $ (53) $ 1,407 The Londoner Macao (84) (184) 726 The Parisian Macao (17) (131) 544 The Plaza Macao and Four Seasons Macao 219 33 345 Sands Macao (69) (76) 175 Ferry Operations and Other (8) (20) (8) 338 (431) 3,189 Marina Bay Sands 448 383 1,661 Sands Bethlehem (1) — — 52 Consolidated adjusted property EBITDA (2) 786 (48) 4,902 Other Operating Costs and Expenses Stock-based compensation (3) (12) (15) (14) Corporate (211) (168) (313) Pre-opening (19) (19) (34) Development (109) (18) (24) Depreciation and amortization (1,041) (997) (1,020) Amortization of leasehold interests in land (56) (55) (51) Loss on disposal or impairment of assets (27) (73) (81) Operating income (loss) (689) (1,393) 3,365 Other Non-Operating Costs and Expenses Interest income 4 21 74 Interest expense, net of amounts capitalized (621) (523) (449) Other income (expense) (31) 19 56 Gain on sale of Sands Bethlehem — — 556 Loss on modification or early retirement of debt (137) — (2) Income tax (expense) benefit 5 (24) (432) Net income (loss) from continuing operations $ (1,469) $ (1,900) $ 3,168 _________________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019. 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 years ended December 31, 2021, 2020 and 2019, the Company recorded stock-based compensation expense of $27 million, $27 million and $36 million, respectively, of which $15 million, $12 million and $22 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations. Year Ended December 31, 2021 2020 2019 (In millions) Capital Expenditures Corporate and Other $ 27 $ 5 $ 59 Macao: The Venetian Macao 71 140 131 The Londoner Macao 551 739 282 The Parisian Macao 4 11 32 The Plaza Macao and Four Seasons Macao 19 157 298 Sands Macao 7 9 16 Ferry Operations and Other 1 2 3 653 1,058 762 Marina Bay Sands 148 164 195 Sands Bethlehem (1) — — 2 Total capital expenditures $ 828 $ 1,227 $ 1,018 _________________________ (1) The Company completed the sale of Sands Bethlehem on May 31, 2019. Results of operations include Sands Bethlehem through May 30, 2019. December 31, 2021 2020 2019 (In millions) Total Assets Corporate and Other $ 1,357 $ 1,465 $ 1,860 Macao: The Venetian Macao 2,087 2,446 3,243 The Londoner Macao 4,494 4,299 4,504 The Parisian Macao 1,962 2,119 2,351 The Plaza Macao and Four Seasons Macao 1,145 1,203 1,239 Sands Macao 253 320 324 Ferry Operations and Other 132 141 418 10,073 10,528 12,079 Marina Bay Sands 5,326 5,592 5,880 Total assets $ 16,756 $ 17,585 $ 19,819 December 31, 2021 2020 2019 (In millions) Total Long-Lived Assets (1) Corporate and Other $ 176 $ 186 $ 212 Macao: The Venetian Macao 1,555 1,705 1,740 The Londoner Macao 4,317 4,163 3,591 The Parisian Macao 1,915 2,067 2,203 The Plaza Macao and Four Seasons Macao 1,055 1,135 1,112 Sands Macao 197 218 237 Ferry Operations and Other 60 73 54 9,099 9,361 8,937 Marina Bay Sands 4,741 4,989 5,063 Total long-lived assets $ 14,016 $ 14,536 $ 14,212 _________________________ (1) Long-lived assets include property and equipment, net of accumulated depreciation and amortization, and leasehold interests in land, net of accumulated amortization.

Selected Quarterly Financial _2

Selected Quarterly Financial Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Results (Unaudited)	Quarter First Second Third Fourth Total (In millions, except per share data) 2021 Net revenues $ 1,196 $ 1,173 $ 857 $ 1,008 $ 4,234 Operating loss (96) (139) (316) (138) (689) Net loss from continuing operations (280) (280) (594) (315) (1,469) Income (loss) from discontinued operations, net of income taxes (62) 38 99 118 193 Net loss (342) (242) (495) (197) (1,276) Net loss attributable to Las Vegas Sands Corp. (278) (192) (368) (123) (961) Earnings (loss) per share - Basic: Loss from continuing operations (0.28) (0.30) (0.61) (0.32) (1.51) Income (loss) from discontinued operations, net of income taxes (0.08) 0.05 0.13 0.15 0.25 Net loss attributable to Las Vegas Sands Corp. (0.36) (0.25) (0.48) (0.17) (1.26) Earnings (loss) per share - Diluted: Income (loss) from continuing operations (0.28) (0.30) (0.61) (0.32) (1.51) Income (loss) from discontinued operations, net of income taxes (0.08) 0.05 0.13 0.15 0.25 Net income (loss) attributable to Las Vegas Sands Corp. (0.36) (0.25) (0.48) (0.17) (1.26) 2020 Net revenues $ 1,417 $ 62 $ 446 $ 1,015 $ 2,940 Operating income (loss) 6 (757) (523) (119) (1,393) Net loss from continuing operations (92) (841) (664) (303) (1,900) Income (loss) from discontinued operations, net of income taxes 41 (144) (67) (73) (243) Net loss (51) (985) (731) (376) (2,143) Net loss attributable to Las Vegas Sands Corp. (1) (820) (565) (299) (1,685) Earnings (loss) per share - Basic: Loss from continuing operations (0.05) (0.88) (0.65) (0.30) (1.89) Income (loss) from discontinued operations, net of income taxes 0.05 (0.19) (0.09) (0.10) (0.32) Net loss attributable to Las Vegas Sands Corp. — (1.07) (0.74) (0.40) (2.21) Earnings (loss) per share - Diluted: Loss from continuing operations (0.05) (0.88) (0.65) (0.30) (1.89) Income (loss) from discontinued operations, net of income taxes 0.05 (0.19) (0.09) (0.10) (0.32) Net income (loss) attributable to Las Vegas Sands Corp. — (1.07) (0.74) (0.40) (2.21)

Organization and Business of _2

Organization and Business of Company (Details) ft² in Thousands, $ in Millions, $ in Millions, $ in Millions	1 Months Ended		12 Months Ended
	Apr. 30, 2019USD ($)	Apr. 30, 2019SGD ($)	Dec. 31, 2021USD ($)aft²Roomfloorhotel_towerSeat	Dec. 31, 2021SGD ($)	Dec. 31, 2021SGD ($)aft²Roomfloorhotel_towerSeat	Dec. 31, 2021HKD ($)aft²Roomfloorhotel_towerSeat	Mar. 02, 2021USD ($)	Dec. 31, 2020USD ($)
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Cash and cash equivalents | $			$ 1,854					$ 2,082
Las Vegas Operating Properties [Member] | Discontinued Operations, Held for sale
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Discontinued operation held for sale, consideration | $							$ 6,250
Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Gaming subconcession, period			20 years	20 years
Costs incurred, development costs | $			$ 2,000
Macao [Member] | 2018 SCL Revolving Facility [Member] | Unsecured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date) | $			1,750
Macao [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Expected cost to complete | $			$ 2,200
Macao [Member] | Cotai Strip [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of property (in acres) | a			140		140	140
Macao [Member] | The Venetian Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of floors | floor			39		39	39
Number of hotel rooms | Room			2,900		2,900	2,900
Macao [Member] | The Venetian Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			374		374	374
Macao [Member] | The Venetian Macao [Member] | Arena [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat			15,000		15,000	15,000
Macao [Member] | The Venetian Macao [Member] | Theater [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat			1,800		1,800	1,800
Macao [Member] | The Venetian Macao [Member] | Retail And Dining Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			945		945	945
Macao [Member] | The Venetian Macao [Member] | Convention Center And Meeting Room Complex [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			1,200		1,200	1,200
Macao [Member] | The Londoner Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			351		351	351
Macao [Member] | The Londoner Macao [Member] | Conference And Meeting Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			369		369	369
Macao [Member] | The Londoner Macao [Member] | Retail [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			532		532	532
Macao [Member] | The Londoner Macao [Member] | The Londoner Macao Hotel [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			594		594	594
Macao [Member] | The Londoner Macao [Member] | Suites at David Beckham [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			14		14	14
Macao [Member] | The Londoner Macao [Member] | Londoner Court [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			370		370	370
Macao [Member] | The Londoner Macao [Member] | Conrad [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			650		650	650
Macao [Member] | The Londoner Macao [Member] | First Sheraton Tower [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			1,800		1,800	1,800
Macao [Member] | The Londoner Macao [Member] | Second Sheraton Tower [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			2,100		2,100	2,100
Macao [Member] | The Londoner Macao [Member] | St. Regis Tower [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			400		400	400
Macao [Member] | The Parisian Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			2,500		2,500	2,500
Macao [Member] | The Parisian Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			248		248	248
Macao [Member] | The Parisian Macao [Member] | Theater [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat			1,200		1,200	1,200
Macao [Member] | The Parisian Macao [Member] | Retail And Dining Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			296		296	296
Macao [Member] | The Parisian Macao [Member] | Conference And Meeting Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			63		63	63
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			360		360	360
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			127		127	127
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] | Retail [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			244		244	244
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] | Paiza Mansion [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			19		19	19
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] | The Grand Suites at Four Seasons Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			289		289	289
Macao [Member] | Sands Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			289		289	289
Macao [Member] | Sands Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			212		212	212
Macao [Member] | United States of America, Dollars | 2018 SCL Revolving Facility [Member] | Unsecured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date) | $			$ 166
Macao [Member] | Hong Kong, Dollars | 2018 SCL Revolving Facility [Member] | Unsecured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)			$ 1,580			$ 12,320
Macao [Member] | Las Vegas Sands Corp. [Member] | Sands China Ltd. [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership interest in Sands China Ltd., percentage			69.90%		69.90%	69.90%
Singapore [Member] | 2012 Singapore Credit Facility Revolving [Member] | Secured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)			$ 438		$ 593
Singapore [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member] | Secured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Debt instrument, unused borrowing capacity, amount			$ 2,730		$ 3,690
Singapore [Member] | Marina Bay Sands [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of floors | floor			55		55	55
Number of hotel rooms | Room			2,600		2,600	2,600
Number of towers | hotel_tower			3		3	3
Fees paid to government for lease	$ 1,140	$ 1,540
Singapore [Member] | Marina Bay Sands [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Expected cost to complete			$ 3,300	$ 4,500
Singapore [Member] | Marina Bay Sands [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			160		160	160
Singapore [Member] | Marina Bay Sands [Member] | Theater [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat			15,000		15,000	15,000
Singapore [Member] | Marina Bay Sands [Member] | Convention Center And Meeting Room Complex [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			1,200		1,200	1,200
Singapore [Member] | Marina Bay Sands [Member] | Retail, Dining And Entertainment Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			800		800	800
United States [Member] | LVSC Revolving Facility [Member] | Unsecured Debt [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date) | $			$ 1,500
United States [Member] | MSG Sphere at The Venetian [Member] | Theater [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			875		875	875
Number of seats | Seat			18,000		18,000	18,000
United States [Member] | Las Vegas Operating Properties [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room			7,100		7,100	7,100
Number of towers | hotel_tower			3		3	3
United States [Member] | Las Vegas Operating Properties [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			225		225	225
United States [Member] | Las Vegas Operating Properties [Member] | Exhibition and Meeting Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			2,300		2,300	2,300
United States [Member] | Las Vegas Operating Properties [Member] | Sands Expo Center [Member] | Convention Center And Meeting Room Complex [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property (square feet)			1,200		1,200	1,200

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	12 Months Ended
	Dec. 31, 2021
Land Improvements, Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	10 years
Land Improvements, Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	50 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	20 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	3 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	15 years
Transportation [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	5 years
Transportation [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	20 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Capitalized interest expense	$ 15	$ 21	$ 9
Capitalized internal costs	49	37	27
Taxes on gaming revenue	1,220	812	3,930
Advertising costs	$ 31	$ 26	$ 112

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Contract and Contract Related Liabilities (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Outstanding Chip Liability [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability		$ 74		$ 197	$ 510
Change in contract and contract related liabilities		(123)	[1]	(313)
Loyalty Program Liability [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability		61		62	63
Change in contract and contract related liabilities		(1)		(1)
Customer Deposits and Other Deferred Revenue [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	[2]	618		633	591
Change in contract and contract related liabilities		(15)		42
Mall [Member] | Customer Deposits and Other Deferred Revenue [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	[2]	$ 145		$ 152	$ 154
[1]	The decrease noted in outstanding chip liability in 2021 primarily resulted from the closure of fixed room junket operations in December 2021.
[2]	Of this amount, $145 million, $152 million and $154 million as of December 31, 2021 and 2020 and January 1, 2020, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year.

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Weighted average shares outstanding:
Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) (in shares)	764	764	771
Potential dilution from stock options and restricted stock and stock units (in shares)	0	0	0
Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) (in shares)	764	764	771
Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share (in shares)	9	9	3

Held for Sale - Discontinued Op

Held for Sale - Discontinued Operations - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Mar. 02, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate	(21.00%)	(21.00%)	21.00%
United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate	21.00%
Discontinued Operations, Held for sale | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation held for sale, consideration				$ 6,250
Contingent lease support payments, minimum required EBITDAR, period one				500
Contingent lease support payments, minimum required EBITDAR, period two				500
Maximum annual contingent lease support payment				250
Effective tax rate	21.90%	(20.30%)	20.90%
Discontinued Operations, Held for sale | Las Vegas Operating Properties [Member] | United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate	21.00%
Discontinued Operations, Held for sale | Las Vegas operating assets and liabilities | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, cash consideration				1,050
Disposal group, including discontinued operation, consideration, seller financing				1,200
Discontinued Operations, Held for sale | Las Vegas real estate and real estate related assets | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, cash consideration				$ 4,000

Held for Sale _ Discontinued _3

Held for Sale — Discontinued Operations (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on modification or early retirement of debt										$ (137)	$ 0	$ (2)
Net income (loss) from discontinued operations		$ 118	$ 99	$ 38	$ (62)	$ (73)	$ (67)	$ (144)	$ 41	193	(243)	136
Discontinued Operations, Held for sale | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		55				39				55	39
Accounts receivable, net of provision for credit losses of $58 and $59		126				86				126	86
Inventories		9				10				9	10
Prepaid expenses and other		23				23				23	23
Property and equipment, net		2,864				2,830				2,864	2,830
Other assets, net		226				234				226	234
Total held for sale assets	[1]	3,303				3,222				3,303	3,222
Accounts payable		24				9				24	9
Construction payables		8				6				8	6
Other accrued liabilities		318				232				318	232
Long-term debt		2				3				2	3
Deferred amounts related to mall sale transactions		338				344				338	344
Other long-term liabilities		131				161				131	161
Total held for sale liabilities	[1]	821				755				821	755
Accounts receivable, provision for credit loss		$ 58				$ 59				58	59
Net revenues										1,271	672	1,612
Resort operations expenses										626	490	733
Provision for credit losses										13	12	8
General and administrative										342	294	384
Corporate										0	1	0
Depreciation and amortization										25	163	145
Loss on disposal or impairment of assets										6	7	9
Operating income (loss)										259	(295)	333
Interest expense										(13)	(13)	(106)
Other income										1	3
Other expense												(34)
Loss on modification or early retirement of debt										0	0	(21)
Income (loss) from discontinued operations before income tax										247	(305)	172
Income tax (expense) benefit										(54)	62	(36)
Net income (loss) from discontinued operations										193	(243)	136
Disposal group, including discontinued operation, adjusted property EBITDA										290	(124)	487
Discontinued Operations, Held for sale | Casino [Member] | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues										443	228	444
Discontinued Operations, Held for sale | Rooms [Member] | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues										454	218	610
Discontinued Operations, Held for sale | Food and Beverage [Member] | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues										236	126	347
Discontinued Operations, Held for sale | Convention, Retail and Other [Member] | Las Vegas Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues										$ 138	$ 100	$ 211
[1]	All assets and liabilities held for sale were classified as current as it is probable the sale of the Las Vegas Operations will be completed within one year.

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 434	$ 507
Less - provision for credit losses	(232)	(255)
Accounts receivable, net	202	252
Casino [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	313	415
Rooms [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	13	9
Mall [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	91	49
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 17	$ 34

Accounts Receivable, Net - Prov

Accounts Receivable, Net - Provision for Credit Losses Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 255	$ 220
Current period provision for credit losses	3	86	$ 22
Write-offs	(26)	(54)
Recoveries of receivables previously written-off	4	0
Exchange rate impact	(4)	3
Ending balance	$ 232	$ 255	$ 220

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 21,288	$ 20,910
Less — accumulated depreciation and amortization	(9,438)	(8,630)
Property and equipment, net	11,850	12,280
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	449	452
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	14,840	14,235
Furniture, Fixtures, Equipment And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	3,992	3,798
Transportation [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	494	524
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 1,513	$ 1,901

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets	$ 27	$ 73	$ 81
Depreciation expense	$ 1,020	$ 980	1,000
Macao [Member] | Ferry Operations and Other [Member]
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets			$ 65

Leasehold Interests in Land, _3

Leasehold Interests in Land, Net (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	$ 2,745	$ 2,793
Less — accumulated amortization	(579)	(537)
Leasehold interests in land, net	2,166	2,256
Marina Bay Sands [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	1,980	2,024
The Londoner Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	293	295
The Venetian Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	241	242
The Plaza Macao and Four Seasons Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	106	106
The Parisian Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	89	89
Sands Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	$ 36	$ 37

Leasehold Interests in Land, _4

Leasehold Interests in Land, Net - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land		$ 56	$ 55	$ 51
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
Singapore [Member]
Lessee, Lease, Description [Line Items]
Land concession payment	$ 963
Leasehold interests in land [Member]
Lessee, Lease, Description [Line Items]
Estimated future amortization expense, 2022		$ 56
Estimated future amortization expense, 2023		56
Estimated future amortization expense, 2024		56
Estimated future amortization expense, 2025		56
Estimated future amortization expense, 2026		56
Estimated future amortization expense, thereafter		$ 2,070
Leasehold interests in land [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, useful life		50 years
Leasehold interests in land [Member] | Singapore [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, useful life		60 years

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets [Line Items]
Finite-lived and infinite-lived intangible assets, gross	$ 66	$ 56
Less - accumulated amortization	(47)	(31)
Finite-lived and infinite-lived intangible assets, net	19	25
Trademarks and Other [Member]
Intangible Assets [Line Items]
Finite-lived and infinite-lived intangible assets, gross	13	1
Marina Bay Sands [Member] | Gaming License [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 53	$ 55

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) $ in Millions, $ in Millions	1 Months Ended		12 Months Ended
	Apr. 30, 2019SGD ($)	Apr. 30, 2019USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Intangible Assets [Line Items]
Amortization expense			$ 18	$ 17	$ 17
Estimated future amortization expense, 2022			$ 6
Singapore [Member] | Marina Bay Sands [Member] | Gaming License [Member]
Intangible Assets [Line Items]
Payments to acquire intangible assets	$ 72	$ 53
Finite-lived intangible asset, useful life	3 years	3 years

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Other Accrued Liabilities [Line Items]
Payroll and related	$ 253	$ 161
Accrued interest payable	157	179
Taxes and licenses	143	148
Other accruals	237	288
Other accrued liabilities	1,334	1,474
Customer Deposits [Member]
Other Accrued Liabilities [Line Items]
Contract and contract related, liability, current	470	501
Outstanding Chip Liability [Member]
Other Accrued Liabilities [Line Items]
Contract and contract related, liability, current	$ 74	$ 197

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Aug. 31, 2018
Currency Swap | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount			$ 500,000,000
Cash Flow Hedging [Member] | Currency Swap | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount			$ 1,000,000,000
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount				$ 5,500,000,000
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Derivative [Line Items]
Derivative, realized gain (loss) on interest rate swaps	$ 53,000,000	$ 23,000,000

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Other		$ 14,795	$ 14,004
Long-term debt, including current maturities		14,795	14,004
Less — current maturities		(74)	(75)
Total long-term debt		14,721	13,929
Finance Lease, Liability		25
Other Assets, Net [Member]
Debt Instrument [Line Items]
Debt issuance costs, net in other assets	[1]	81	91
Macao [Member]
Debt Instrument [Line Items]
Finance Lease, Liability	[2]	24	21
Singapore [Member]
Debt Instrument [Line Items]
Finance Lease, Liability	[2]	1	1
Other [Member] | Macao [Member]
Debt Instrument [Line Items]
Other	[2]	27	21
Long-term debt, including current maturities	[2]	27	21
Other [Member] | Singapore [Member]
Debt Instrument [Line Items]
Other	[2]	3	1
Long-term debt, including current maturities	[2]	3	1
Unsecured Debt [Member] | 3.200% Senior Notes due 2024 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,742	1,739
Unsecured Debt [Member] | 2.900% Senior Notes due 2025 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	497	496
Unsecured Debt [Member] | 3.500% Senior Notes due 2026 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	992	990
Unsecured Debt [Member] | 3.900% Senior Notes due 2029 [Member] | United States [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	743	742
Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	0	1,791
Unsecured Debt [Member] | 5.125% Senior Notes due 2025 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,791	1,789
Unsecured Debt [Member] | 3.800% Senior Notes due 2026 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	794	792
Unsecured Debt [Member] | 2.300% Senior Notes due 2027 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	693	0
Unsecured Debt [Member] | 5.400% Senior Notes due 2028 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	1,885	1,884
Unsecured Debt [Member] | 2.850% Senior Notes due 2029 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	643	0
Unsecured Debt [Member] | 4.375% Senior Notes due 2030 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	691	690
Unsecured Debt [Member] | 3.250% Senior Notes due 2031 [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	594	0
Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | Macao [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	753	0
Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	2,902	3,023
Secured Debt [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Long-term debt	[1]	$ 45	$ 46
[1]	Unamortized deferred financing costs of $81 million and $91 million as of December 31, 2021 and 2020, respectively, related to the Company's revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility are included in other assets, net in the accompanying consolidated balance sheets.
[2]	Includes finance leases related to Macao and Singapore of $24 million and $1 million as of December 31, 2021, respectively and $21 million and $1 million as of December 31, 2020, respectively.

Long-Term Debt - Schedule of _2

Long-Term Debt - Schedule of Long-term Debt - OID, DFC and Fair Value Adjustment (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Unsecured Debt [Member] | 3.200% Senior Notes due 2024 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	$ 8	$ 11
Unsecured Debt [Member] | 2.900% Senior Notes due 2025 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	3	4
Unsecured Debt [Member] | 3.500% Senior Notes due 2026 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	8	10
Unsecured Debt [Member] | 3.900% Senior Notes due 2029 [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	7	8
Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net		9
Unsecured Debt [Member] | 5.125% Senior Notes due 2025 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	9	11
Unsecured Debt [Member] | 3.800% Senior Notes due 2026 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	6	8
Unsecured Debt [Member] | 2.300% Senior Notes due 2027 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	7
Unsecured Debt [Member] | 5.400% Senior Notes due 2028 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	15	16
Unsecured Debt [Member] | 2.850% Senior Notes due 2029 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	7
Unsecured Debt [Member] | 4.375% Senior Notes due 2030 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	9	10
Unsecured Debt [Member] | 3.250% Senior Notes due 2031 [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	6
Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	43	50
Secured Debt [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium) and debt issuance costs, net	$ 1	$ 1

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) $ in Millions	Jan. 25, 2021USD ($)	Jan. 25, 2021HKD ($)	Aug. 30, 2019USD ($)	Aug. 30, 2019USD ($)	Aug. 30, 2019SGD ($)	Aug. 09, 2019USD ($)	Nov. 20, 2018USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021HKD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020SGD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2021SGD ($)	Dec. 31, 2021HKD ($)	Sep. 23, 2021USD ($)	Sep. 11, 2020USD ($)	Jun. 18, 2020SGD ($)	Jun. 04, 2020USD ($)	Mar. 27, 2020	Nov. 25, 2019USD ($)	Aug. 30, 2019SGD ($)	Jul. 31, 2019USD ($)	Aug. 09, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2018SGD ($)	Aug. 31, 2016USD ($)	Jun. 30, 2012USD ($)	Jun. 30, 2012SGD ($)
Debt Instrument [Line Items]
Loss on modification or early retirement of debt								$ 137,000,000		$ 0		$ 2,000,000
Payment for Debt Extinguishment or Debt Prepayment Cost								131,000,000		0		0
Proceeds from long-term debt								2,702,000,000		1,945,000,000		4,000,000,000
Long-term debt, fair value								15,060,000,000		15,150,000,000
Long-term debt, carrying value								14,900,000,000		14,120,000,000
United States [Member] | Unsecured Debt [Member] | LVSC Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																						$ 3,500,000,000
Proceeds from long-term debt								0		0		$ 4,000,000,000
United States [Member] | Unsecured Debt [Member] | 3.200% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																						$ 1,750,000,000
Debt Instrument, interest rate, stated percentage																						3.20%
United States [Member] | Unsecured Debt [Member] | 3.500% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																						$ 1,000,000,000
Debt Instrument, interest rate, stated percentage																						3.50%
United States [Member] | Unsecured Debt [Member] | 3.900% Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																						$ 750,000,000
Debt Instrument, interest rate, stated percentage																						3.90%
United States [Member] | Unsecured Debt [Member] | 2.900% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																				$ 500,000,000
Debt Instrument, interest rate, stated percentage																				2.90%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)						$ 1,500,000,000
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)								$ 1,500,000,000
Line of credit facility, unused capacity, commitment fee percentage								0.20%	0.20%
Debt instrument, covenant terms, minimum liquidity requirement, temporary								$ 700,000,000							$ 350,000,000
Minimum liquidity required, dividend payments, temporary								$ 1,000,000,000							$ 1,000,000,000
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] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage						0.25%
Debt instrument, ratio of indebtedness to adjusted EBITDA, waived, temporary						4		4					4	4	4
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate								1.40%	1.40%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.125%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.55%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate								0.40%	0.40%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						0.125%
United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						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 (SGD converted to USD at balance sheet date)						$ 150,000,000
United States [Member] | Secured Debt [Member] | 2013 U.S. Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate												4.20%
Loss on modification or early retirement of debt												$ 22,000,000
United States [Member] | Secured Debt [Member] | 2013 U.S. Credit Facility Extended Term B [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																								$ 3,510,000,000
United States [Member] | Secured Debt [Member] | 2013 U.S. Credit Facility Extended Revolving [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)																											$ 1,150,000,000
Line of credit facility, unused capacity, commitment fee percentage												0.20%
Macao [Member] | 4.600% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Payment for Debt Extinguishment or Debt Prepayment Cost								$ 131,000,000
Write off of Deferred Debt Issuance Cost								6,000,000
Macao [Member] | Unsecured Debt [Member] | SCL Senior Notes due 2023, 2025 and 2028 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																							$ 5,500,000,000
Macao [Member] | Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																							$ 1,800,000,000
Debt Instrument, interest rate, stated percentage																							4.60%
Debt Instrument, Repurchased Face Amount																							$ 1,800,000,000
Macao [Member] | Unsecured Debt [Member] | 5.125% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																							$ 1,800,000,000
Debt Instrument, interest rate, stated percentage																							5.125%
Macao [Member] | Unsecured Debt [Member] | 5.400% Senior Notes due 2028 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																							$ 1,900,000,000
Debt Instrument, interest rate, stated percentage																							5.40%
Macao [Member] | Unsecured Debt [Member] | SCL Senior Notes due 2026 and 2030 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																		$ 1,500,000,000
Proceeds from long-term debt								0		1,496,000,000		$ 0
Macao [Member] | Unsecured Debt [Member] | 3.800% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																		$ 800,000,000
Debt Instrument, interest rate, stated percentage																		3.80%
Macao [Member] | Unsecured Debt [Member] | 4.375% Senior Notes due 2030 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																		$ 700,000,000
Debt Instrument, interest rate, stated percentage																		4.375%
Macao [Member] | Unsecured Debt [Member] | SCL Senior Notes due 2027, 2029 & 2031 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)															$ 1,950,000,000
Proceeds from long-term debt								1,946,000,000		0		0
Macao [Member] | Unsecured Debt [Member] | 2.300% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)															$ 700,000,000
Debt Instrument, interest rate, stated percentage															2.30%
Macao [Member] | Unsecured Debt [Member] | 2.850% Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)															$ 650,000,000
Debt Instrument, interest rate, stated percentage															2.85%
Macao [Member] | Unsecured Debt [Member] | 3.250% Senior Notes due 2031 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)															$ 600,000,000
Debt Instrument, interest rate, stated percentage															3.25%
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)							$ 2,000,000,000
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)								$ 1,750,000,000
Line of credit facility, unused capacity, commitment fee percentage							0.60%
Weighted average interest rate								2.60%	2.60%
Line of credit, maximum borrowing capacity for dividends, temporary								$ 2,000,000,000								$ 2,000,000,000
Debt instrument, ratio of indebtedness to adjusted EBITDA, maximum ratio, dividend payments, temporary								4					4	4		4
Minimum cash and undrawn amount of 2018 SCL Credit Facility required after dividend payments, temporary								$ 2,000,000,000								$ 2,000,000,000
Line of credit facility, increase (decrease), net	$ 491,000,000	$ 3,830
Proceeds from long-term debt								756,000,000		$ 403,000,000		$ 0
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | United States of America, Dollars
Debt Instrument [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)								166,000,000
Proceeds from lines of credit								71,000,000
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | Hong Kong, Dollars
Debt Instrument [Line Items]
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)								1,580,000,000						$ 12,320
Proceeds from lines of credit								$ 681,000,000	$ 5,310
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of adjusted EBITDA to net interest expense, waived, temporary							2.5	2.5					2.5	2.5					2.5
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of indebtedness to adjusted EBITDA, waived, temporary							4	4					4	4					4
line of credit, additional borrowing capacity option								$ 1,000,000,000								$ 1,000,000,000
Macao [Member] | Unsecured Debt [Member] | 2018 SCL General Revolving Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							2.00%
Macao [Member] | Unsecured Debt [Member] | 2018 SCL Swing-Line Loan Sub-Facility [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.00%
Singapore [Member] | Secured Debt [Member] | Two Thousand And Twelve Singapore Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																									$ 3,550,000,000	$ 4,800,000,000		$ 3,770,000,000	$ 5,100,000,000
Weighted average interest rate								2.10%	2.10%	2.20%	2.20%	3.20%
Loss on modification or early retirement of debt												$ 2,000,000
Debt Instrument, ratio of indebtedness to adjusted EBITDA, maximum ratio, unlimited dividend payments, temporary								4.25					4.25	4.25			4.25
Maximum dividend payment in SGD, ratio of indebtedness to EBITDA greater than 4.25, temporary													$ 500,000,000				$ 500,000,000
Debt Instrument, ratio of indebtedness to adjusted EBITDA, minimum ratio required for maximum of $500 million dividend payments, temporary								4.25					4.25	4.25			4.25
Minimum cash plus Facility B availability required, ratio of indebtedness to EBITDA greater than 4.25, temporary													$ 800,000,000				$ 800,000,000
Debt Instrument, minimum ratio of adjusted EBITDA to net interest for up to SGD 500 million dividend payments, temporary								3					3	3			3
Singapore [Member] | Secured Debt [Member] | Two Thousand And Twelve Singapore Credit Facility | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of indebtedness to adjusted EBITDA, waived, temporary			4	4				4.5					4.5	4.5							4
Debt instrument, maximum leverage ratio, period one			4.5	4.5																	4.5
Singapore [Member] | Secured Debt [Member] | Two Thousand And Twelve Singapore Credit Facility | Singapore Swap Offered Rate (SOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, period one			1.65%
Debt instrument, interest rate, period end rate								2.31%					2.31%	2.31%
Singapore [Member] | Secured Debt [Member] | Two Thousand And Twelve Singapore Credit Facility | Singapore Swap Offered Rate (SOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			1.15%
Singapore [Member] | Secured Debt [Member] | Two Thousand And Twelve Singapore Credit Facility | Singapore Swap Offered Rate (SOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, through maturity			1.85%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Term [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)																												3,400,000,000	4,600,000,000
Debt instrument, periodic payment, principal, percentage of principal, period one			0.50%
Debt instrument, periodic payment, principal, percentage of principal, period two			3.00%
Debt instrument, periodic payment, principal, percentage of principal, period three			5.00%
Debt instrument, periodic payment, principal, percentage of principal, period four			18.00%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)			$ 555,000,000	$ 555,000,000																	$ 750,000,000							370,000,000	500,000,000
Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)								$ 438,000,000					$ 593,000,000
Line of credit facility, increase (decrease), net				185,000,000	$ 250,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage of spread			35.00%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage of spread			40.00%
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Ancillary [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)																												$ 74,000,000	$ 100,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving - Banker's Guarantee [Member]
Debt Instrument [Line Items]
Banker's guarantee								113,000,000					153,000,000
Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member]
Debt Instrument [Line Items]
Debt instrument, face amount (SGD converted to USD at balance sheet date)			$ 2,770,000,000	$ 2,770,000,000																	$ 3,750,000,000
Proceeds from long-term debt								0		$ 46,000,000	$ 62,000,000	$ 0
Debt instrument, unused borrowing capacity, amount								$ 2,730,000,000					$ 3,690,000,000
Debt instrument, periodic payment, principal, percentage of principal, period one			5.00%
Debt instrument, periodic payment, principal, percentage of principal, period two			18.00%

Long-Term Debt - Cash Flows fro

Long-Term Debt - Cash Flows from Financing Activities Related to Long-Term Debt (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020SGD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Proceeds from long-term debt	$ 2,702	$ 1,945		$ 4,000
Repayments of long-term debt and finance leases	(1,867)	(467)		(51)
Unsecured Debt [Member] | SCL Senior Notes due 2027, 2029 & 2031 [Member] | Macao [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	1,946	0		0
Unsecured Debt [Member] | SCL Senior Notes due 2026 and 2030 [Member] | Macao [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	1,496		0
Unsecured Debt [Member] | 2018 SCL Revolving Facility [Member] | Macao [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	756	403		0
Repayments of long-term debt	0	(404)		0
Unsecured Debt [Member] | LVSC Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	0		4,000
Unsecured Debt [Member] | 4.600% Senior Notes due 2023 [Member] | Macao [Member]
Debt Instrument [Line Items]
Repayments of long-term debt	(1,800)	0		0
Secured Debt [Member] | 2012 Singapore Credit Facility Delayed Draw Term [Member] | Singapore [Member]
Debt Instrument [Line Items]
Proceeds from long-term debt	0	46	$ 62	0
Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore [Member]
Debt Instrument [Line Items]
Repayments of long-term debt	(62)	(60)		(47)
Other Long-Term Debt And Capital Lease Obligations [Member] | Finance Leases And Other Long Term Debt [Member]
Debt Instrument [Line Items]
Repayments of long-term debt and finance leases	$ (5)	$ (3)		$ (4)

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long-Term Debt and Finance Lease Obligations Outstanding (Details) $ in Millions	Dec. 31, 2021USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term debt payments, 2022	$ 74
Long-term debt payments, 2023	826
Long-term debt payments, 2024	1,893
Long-term debt payments, 2025	3,335
Long-term debt payments, 2026	3,496
Long-term debt payments, thereafter	5,300
Long-term debt payments, total	$ 14,924

Equity - Additional Information

Equity - Additional Information (Details) $ / shares in Units, $ in Millions	Mar. 26, 2020$ / shares	Feb. 21, 2020$ / shares	Dec. 26, 2019$ / shares	Sep. 26, 2019$ / shares	Jun. 27, 2019$ / shares	Jun. 21, 2019$ / shares	Mar. 28, 2019$ / shares	Feb. 22, 2019$ / shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Oct. 31, 2020USD ($)	Jun. 30, 2018USD ($)
Class of Stock [Line Items]
Preferred stock, shares authorized | shares									50,000,000	50,000,000
Common stock, dividends declared (per share) | $ / shares	$ 0.79		$ 0.77	$ 0.77	$ 0.77		$ 0.77			$ 0.79	$ 3.08
Dividends declared and noncontrolling interest payments										$ 911	$ 3,000
Payments for repurchase of common stock									$ 0	0	$ 754
Shares paid for tax withholding and exercise price for share based compensation | shares											1,927
Payments to acquire additional interest in subsidiaries											$ 11
Sands China Ltd. [Member]
Class of Stock [Line Items]
Common stock, dividends declared (per share) | $ / shares		$ 0.99				$ 1		$ 0.99
Dividends declared and noncontrolling interest payments										1,030	2,050
Proceeds from dividends received										$ 717	$ 1,440
Share Repurchase Program [Member]
Class of Stock [Line Items]
Common stock repurchased (in shares) | shares									0	0	12,556,635
Payments for repurchase of common stock											$ 754
June 2018 Program [Member]
Class of Stock [Line Items]
Stock repurchase program, authorized amount													$ 2,500
Stock repurchase program, remaining authorized repurchase amount												$ 916
Retained Earnings [Member]
Class of Stock [Line Items]
Dividends declared and noncontrolling interest payments										$ 603	2,367
Retained Earnings [Member] | Principal Stockholders [Member]
Class of Stock [Line Items]
Dividends declared and noncontrolling interest payments										342	1,330
Retained Earnings [Member] | All Other Shareholders [Member]
Class of Stock [Line Items]
Dividends declared and noncontrolling interest payments										261	1,040
Noncontrolling Interest [Member]
Class of Stock [Line Items]
Dividends declared and noncontrolling interest payments										$ 308	633
Noncontrolling Interest [Member] | Other [Member]
Class of Stock [Line Items]
Dividends declared and noncontrolling interest payments											$ 17

Equity - Rollforward of Common

Equity - Rollforward of Common Stock (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Common Stock [Roll Forward]
Common stock shares, beginning balance	764,000,000
Common stock shares, ending balance	764,000,000	764,000,000
Common Stock [Member]
Increase (Decrease) in Common Stock [Roll Forward]
Common stock shares, beginning balance	763,842,938	763,484,915	775,463,214
Exercise of stock options	121,710	342,700	569,224
Issuance of restricted stock	25,104	17,512	11,039
Repurchase of common stock			(12,558,562)
Restricted stock award, forfeitures		(2,189)
Common stock shares, ending balance	763,989,752	763,842,938	763,484,915

Income Taxes - Income Before In

Income Taxes - Income Before Income Taxes and Noncontrolling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income (Loss) Before Income Taxes and Noncontrolling Interest [Abstract]
Foreign	$ (1,091)	$ (1,614)	$ 3,145
Domestic	(383)	(262)	455
Income (loss) from continuing operations before income taxes	$ (1,474)	$ (1,876)	$ 3,600

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Foreign:
Current	$ 32	$ 7	$ 245
Deferred	(12)	3	(10)
Federal:
Current	8	(5)	8
Deferred	(33)	21	134
State:
Current	0	(2)	33
Deferred	0	0	22
Total income tax expense (benefit)	$ (5)	$ 24	$ 432

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Statutory federal income tax rate	(21.00%)	(21.00%)	21.00%
Change in valuation allowance	13.10%	11.40%	2.90%
Foreign and U.S. tax rate differential	6.70%	7.80%	(5.90%)
Tax exempt (income) loss of foreign subsidiary	0.60%	2.40%	(8.40%)
Other, net	0.30%	0.70%	2.40%
Effective tax rate	(0.30%)	1.30%	12.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) $ / shares in Units, MOP$ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021MOP (MOP$)	Dec. 31, 2020USD ($)	Dec. 31, 2020MOP (MOP$)	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2019MOP (MOP$)	Dec. 31, 2018USD ($)
Income Taxes [Line Items]
Macao income tax exemption, reduction in net income					$ 200
Macao income tax exemption, reduction in earnings per share (USD per share) | $ / shares					$ 0.26
Statutory federal income tax rate	(21.00%)	(21.00%)	(21.00%)	(21.00%)	21.00%	21.00%
Deferred tax assets, valuation allowance	$ 5,034		$ 4,922
Unrecognized tax benefits	136		131		$ 134		$ 118
Unrecognized tax benefits, effective income tax rate impact	126		123		115
Income tax examination, penalties and interest accrued	10		7		5
Deferred tax asset [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	57		60		53
Other Long-Term Liabilities [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	79		71		81
U.S. Foreign Tax [Member]
Income Taxes [Line Items]
Tax credit carryforward, amount	$ 4,870
Macao [Member] | Foreign Tax Authority [Member] | Macao Finance Bureau (MFB) [Member]
Income Taxes [Line Items]
Statutory tax rate	12.00%	12.00%
Macao tax agreement, annual payment (patacas converted to USD at balance sheet date)	$ 5	MOP$ 38	5	MOP$ 38	$ 5	MOP$ 38
Tax on gross gaming revenue, percent	35.00%	35.00%
Macao [Member] | Foreign Tax Authority [Member] | Macao Finance Bureau (MFB) [Member] | Scenario, Plan [Member]
Income Taxes [Line Items]
Macao tax agreement, annual payment (patacas converted to USD at balance sheet date)	$ 2	MOP$ 18
United States [Member]
Income Taxes [Line Items]
Operating loss carryforward, amount	563		568
Interest expense carryforwards	87
United States [Member] | U.S. Deferred Tax Asset [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	$ 4,620		4,580
United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Taxes [Line Items]
Statutory federal income tax rate	21.00%	21.00%
Singapore [Member] | Foreign Tax Authority [Member] | Inland Revenue, Singapore (IRAS) [Member]
Income Taxes [Line Items]
Statutory tax rate	17.00%	17.00%
Foreign Subsidiaries [Member]
Income Taxes [Line Items]
Operating loss carryforward, amount	$ 3,460		2,840
Amount of undistributed earnings of foreign subsidiaries	2,850
Foreign Subsidiaries [Member] | Foreign Deferred Tax Asset [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	$ 416		$ 342

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
U.S. foreign tax credit carryforwards	$ 4,815	$ 4,812
Net operating loss carryforwards	539	466
Interest expense carryforward	18	0
Stock-based compensation	16	16
Provision for credit losses	14	14
Deferred gain on mall sale transactions	11	12
Accrued expenses	21	10
Pre-opening expenses	6	7
Other	2	0
Total deferred tax assets, gross	5,442	5,337
Less — valuation allowances	(5,034)	(4,922)
Total deferred tax assets	408	415
Deferred tax liabilities:
Property and equipment	(273)	(274)
Prepaid expenses	(5)	(4)
Other	(6)	(7)
Total deferred tax liabilities	(284)	(285)
Deferred tax assets, net	$ 124	$ 130

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at the beginning of the year	$ 131	$ 134	$ 118
Additions to tax positions related to prior years	0	0	1
Reductions to tax positions related to prior years	(4)	(14)	0
Additions to tax positions related to current year	9	11	15
Balance at the end of the year	$ 136	$ 131	$ 134

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Recurring [Member] | Quoted Market Prices in Active Markets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 791	$ 726

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Short-term lease commitment, amount	$ 41
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	10 years
Lessee, finance lease, renewal term	10 years
Lessor, operating lease, term of contract	15 years

Lessee, Assets and Liabilities

Lessee, Assets and Liabilities (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease ROU assets		$ 24	$ 25
Finance lease ROU assets	[1]	16	16
Operating lease liability, current		14	16
Finance lease liability, current		10	12
Operating lease liability, noncurrent		154	153
Finance lease liability, noncurrent		15	10
Accumulated depreciation		$ 9,438	$ 8,630
Operating lease ROU assets, classification on the balance sheet		Other assets, net	Other assets, net
Finance lease ROU assets, classification on the balance sheet		Property and equipment, net	Property and equipment, net
Operating lease liability, current, classification on the balance sheet		Other accrued liabilities	Other accrued liabilities
Finance lease liability, current, classification on the balance sheet		Current maturities of long-term debt and finance leases	Current maturities of long-term debt and finance leases
Operating lease liability, noncurrent, classification on the balance sheet		Other long-term liabilities	Other long-term liabilities
Finance lease liability, noncurrent, classification on the balance sheet		Long-term debt and finance leases	Long-term debt and finance leases
Finance lease right of use assets [Member]
Lessee, Lease, Description [Line Items]
Accumulated depreciation	[1]	$ 21	$ 13
[1]	Finance lease ROU assets are recorded net of accumulated depreciation of $21 million and $13 million as of December 31, 2021 and 2020, respectively.

Lessee, Other Lease Information

Lessee, Other Lease Information (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating leases, weighted average remaining lease term	32 years 9 months 18 days	33 years 6 months
Finance leases, weighted average remaining lease term	2 years 10 months 24 days	2 years 1 month 6 days
Operating leases, weighted average discount rate, percent	4.90%	4.90%
Finance leases, weighted average discount rate, percent	2.60%	2.90%

Lessee, Lease Expense Component

Lessee, Lease Expense Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Amortization of leasehold interests in land	$ 56	$ 55	$ 51
Operating lease cost	14	12	16
Short-term lease cost	1	1	5
Variable lease, cost	2	2	5
Amortization of ROU assets	8	9	5
Interest on lease liabilities	1	1	0
Total lease cost	$ 82	$ 80	$ 82

Lessee, Supplemental Cash Flow

Lessee, Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows for operating leases	$ 16	$ 19	$ 15
Financing cash flows for finance leases	5	3	4
Right-of-use asset obtained in exchange for operating lease liability	10	10	13
Right-of-use asset obtained in exchange for finance lease liability	$ 9	$ 22	$ 17

Lessee, Lease Liability Maturit

Lessee, Lease Liability Maturity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
2022	$ 16
2023	10
2024	9
2025	6
2026	5
Thereafter	310
Total future minimum lease payments	356
Less — amount representing interest	(188)
Present value of future minimum lease payments	168
Less — current lease obligations	14	$ 16
Long-term lease obligations	154	153
Finance Leases
2022	10
2023	10
2024	4
2025	2
2026	0
Thereafter	0
Total future minimum lease payments	26
Less — amount representing interest	(1)
Present value of future minimum lease payments	25
Less — current lease obligations	(10)	(12)
Long-term lease obligations	$ 15	$ 10

Lessor, Lease Revenue Component

Lessor, Lease Revenue Components (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Mall [Member]
Lessor, Lease, Description [Line Items]
Minimum rents		$ 505	$ 523	$ 518
Overage rents		115	39	98
Rent concessions	[1]	(65)	(272)	0
Other	[2]	6	0	0
Overage rents , rent concessions and other		56	(233)	98
Lease revenue		561	290	616
Other [Member]
Lessor, Lease, Description [Line Items]
Minimum rents		1	1	2
Overage rents		0	0	0
Rent concessions	[1]	0	0	0
Other	[2]	0	0	0
Overage rents , rent concessions and other		0	0	0
Lease revenue		$ 1	$ 1	$ 2
[1]	Rent concessions were provided to tenants during the years ended December 31, 2021 and 2020 as a result of the COVID-19 Pandemic and the impact on mall and other operations.
[2]	Amount related to a grant provided by the Singapore government to lessors to support small and medium enterprises impacted by the COVID-19 Pandemic in connection with their rent obligations.

Lessor, Future Minimum Rentals

Lessor, Future Minimum Rentals (Details) $ in Millions	Dec. 31, 2021USD ($)
Mall [Member]
Lessor, Lease, Description [Line Items]
2022	$ 442
2023	359
2024	279
2025	192
2026	155
Thereafter	363
Total minimum future rentals	1,790
Other [Member]
Lessor, Lease, Description [Line Items]
2022	1
2023	1
2024	0
2025	0
2026	0
Thereafter	0
Total minimum future rentals	$ 2

Lessor, Leased Property and Equ

Lessor, Leased Property and Equipment (Details) - Land and Building [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Property and equipment, at cost	$ 1,536	$ 1,405
Accumulated depreciation	(639)	(578)
Property and equipment, net	$ 897	$ 827

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Jul. 10, 2021MOP (MOP$)	Jul. 10, 2021USD ($)	Jul. 15, 2019MOP (MOP$)	Jul. 15, 2019USD ($)	Jan. 19, 2012MOP (MOP$)	Jan. 19, 2012USD ($)	Dec. 31, 2021MOP (MOP$)	Dec. 31, 2021USD ($)
Subconcession [Member] | Macao [Member]
Commitments and Contingencies [Line Items]
Annual premium, fixed portion (patacas converted to USD at balance sheet date)							MOP$ 30000000	$ 4,000,000
Annual premium, variable portion, minimum (patacas converted to USD at balance sheet date)							MOP$ 45000000	$ 6,000,000
Tax on gross gaming revenue, percent							35.00%	35.00%
Percentage contribution of revenue to utilities							4.00%	4.00%
Other commitment, due 2022								$ 22,000,000
Subconcession [Member] | Gaming Table Reserved [Member] | Macao [Member]
Commitments and Contingencies [Line Items]
Annual premium, variable portion, per unit (patacas converted to USD at balance sheet date)							MOP$ 300000	37,344
Subconcession [Member] | Gaming Table Not Reserved [Member] | Macao [Member]
Commitments and Contingencies [Line Items]
Annual premium, variable portion, per unit (patacas converted to USD at balance sheet date)							150,000	18,672
Subconcession [Member] | Electrical Or Mechanical Gaming Machine [Member] | Macao [Member]
Commitments and Contingencies [Line Items]
Annual premium, variable portion, per unit (patacas converted to USD at balance sheet date)							1,000	124
Asian American Entertainment Corporation Limited [Member]
Commitments and Contingencies [Line Items]
Loss contingency, damages sought (patacas converted to USD at balance sheet date)			MOP$ 96450000000	$ 12,010,000,000	MOP$ 3000000000	$ 373,000,000
Loss contingency, legal fees sought, value	MOP$ 93000000	$ 12,000,000
Loss contingency, first plaintiff expert estimated damages, value							57,880,000,000	7,200,000,000
Loss contingency, second plaintiff expert estimated damages, value							MOP$ 62290000000	$ 7,750,000,000

Stock-Based Employee Compensa_3

Stock-Based Employee Compensation - Additional Information (Details) $ in Millions	1 Months Ended	12 Months Ended
	May 31, 2019shares	Dec. 31, 2021USD ($)OptionPlanshares	Dec. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of nonqualified stock option plans | OptionPlan		2
Cash-settled restricted stock accrued liability		$ 253	$ 161
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares provided by the plan | shares		26,344,000
Term of plan (in years)		10 years
Number of additional shares authorized | shares	10,000,000
Shares available for grant | shares		3,753,271
Maximum contractual term of outstanding stock options (in years)		10 years
LVSC 2004 Plan [Member] | Restricted Stock And Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested equity-based awards		$ 32
Expected weighted average period for recognition of stock option (in years)		2 years 8 months 12 days
LVSC 2004 Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested equity-based awards		$ 49
Expected weighted average period for recognition of stock option (in years)		2 years 4 months 24 days
LVSC 2004 Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)		3 years
LVSC 2004 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)		4 years
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares provided by the plan | shares		804,786,508
Term of plan (in years)		10 years
Shares available for grant | shares		808,619,139
Stock options vesting period (in years)		4 years
Maximum contractual term of outstanding stock options (in years)		10 years
SCL Equity Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash-settled restricted stock accrued liability		$ 8
Unrecognized compensation cost related to unvested equity-based awards		$ 28
Expected weighted average period for recognition of stock option (in years)		2 years 9 months 18 days
SCL Equity Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested equity-based awards		$ 5
Expected weighted average period for recognition of stock option (in years)		1 year 1 month 6 days

Stock-Based Employee Compensa_4

Stock-Based Employee Compensation - Black-Scholes Option-Pricing Model Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
LVSC 2004 Plan [Member]
Black-Scholes option-pricing model, weighted average assumptions
Weighted average volatility	25.10%	23.80%	24.10%
Expected term (in years)	5 years 6 months	5 years 6 months	5 years 6 months
Risk-free rate	0.90%	1.30%	2.10%
Expected dividend yield	0.00%	4.60%	5.20%
SCL Equity Plan [Member]
Black-Scholes option-pricing model, weighted average assumptions
Weighted average volatility	0.00%	0.00%	36.90%
Expected term (in years)	0 years	0 years	4 years 9 months 18 days
Risk-free rate	0.00%	0.00%	1.70%
Expected dividend yield	0.00%	0.00%	5.00%

Stock-Based Employee Compensa_5

Stock-Based Employee Compensation - Summary of Stock Option Activity (Details) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	8,937,266
Granted (in shares)	4,513,468	875,474	1,204,145
Exercised (in shares)	(121,710)
Forfeited or expired (in shares)	(64,507)
Outstanding, ending balance (in shares)	13,264,517	8,937,266
Exercisable as of the end of the period (in shares)	5,946,626
Outstanding, beginning balance, weighted average exercise price (in usd per share)	$ 57.16
Granted, weighted average exercise price (in usd per share)	34.34
Exercised, weighted average exercise price (in usd per share)	58.73
Forfeited or expired, weighted average exercise price (in usd per share)	63.48
Outstanding, ending balance, weighted average exercise price (in usd per share)	49.35	$ 57.16
Exercisable as of the end of the period, weighted average exercise price (in usd per share)	$ 58.64
Outstanding, weighted average remaining contractual life (in years)	7 years 18 days
Exercisable, weighted average remaining contractual life (in years)	4 years 9 months 25 days
Outstanding, aggregate intrinsic value	$ 15
Exercisable, aggregate intrinsic value	$ 0
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	54,417,800
Granted (in shares)	0	0	19,409,600
Exercised (in shares)	(3,070,100)
Forfeited or expired (in shares)	(3,167,400)
Outstanding, ending balance (in shares)	48,180,300	54,417,800
Exercisable as of the end of the period (in shares)	37,620,100
Outstanding, beginning balance, weighted average exercise price (in usd per share)	$ 4.96
Exercised, weighted average exercise price (in usd per share)	3.91
Forfeited or expired, weighted average exercise price (in usd per share)	5.32
Outstanding, ending balance, weighted average exercise price (in usd per share)	5.01	$ 4.96
Exercisable as of the end of the period, weighted average exercise price (in usd per share)	$ 4.94
Outstanding, weighted average remaining contractual life (in years)	5 years 6 months 21 days
Exercisable, weighted average remaining contractual life (in years)	5 years 2 months 1 day
Outstanding, aggregate intrinsic value	$ 0
Exercisable, aggregate intrinsic value	$ 0

Stock-Based Employee Compensa_6

Stock-Based Employee Compensation - Summary of Unvested Restricted Stock and Stock Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
LVSC 2004 Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	15,323
Granted (in shares)	25,104	17,512	11,039
Vested (in shares)	(15,323)
Unvested, ending balance (in shares)	25,104	15,323
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 45.68
Granted, weighted average grant date fair value (in usd per share)	55.76	$ 45.68	$ 63.40
Vested, weighted average grant date fair value (in usd per share)	45.68
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 55.76	$ 45.68
LVSC 2004 Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	0
Granted (in shares)	786,310	0	0
Forfeited (in shares)	(15,160)
Unvested, ending balance (in shares)	771,150	0
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 0
Granted, weighted average grant date fair value (in usd per share)	48.96	$ 0	$ 0
Forfeited, weighted average grant date fair value (in usd per share)	59.76
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 48.75	$ 0
SCL Equity Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	3,362,700
Granted (in shares)	13,039,600	2,337,200	1,412,400
Vested (in shares)	(960,544)
Forfeited (in shares)	(120,212)
Unvested, ending balance (in shares)	15,321,544	3,362,700
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 4.44
Granted, weighted average grant date fair value (in usd per share)	3.22	$ 4.11	$ 4.99
Vested, weighted average grant date fair value (in usd per share)	4.46
Forfeited, weighted average grant date fair value (in usd per share)	4.53
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 3.40	$ 4.44

Stock-Based Employee Compensa_7

Stock-Based Employee Compensation - Stock-Based Compensation Activity (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	[1]	$ 27	$ 27	$ 36
Income tax benefit recognized in the consolidated statements of operations		1	2	4
Compensation cost capitalized as part of property and equipment		1	1	1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options		19	24	54
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised, intrinsic value		1	5	11
Proceeds from exercise of stock options		7	18	26
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised, intrinsic value		3	2	12
Proceeds from exercise of stock options		12	6	28
Stock Option [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense		$ 14	$ 20	$ 34
Stock Option [Member] | LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)		4,513,468	875,474	1,204,145
Stock options granted, weighted average grant date fair value (in usd per share)		$ 8.63	$ 7.79	$ 7.23
Stock Option [Member] | SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)		0	0	19,409,600
Stock options granted, weighted average grant date fair value (in usd per share)		$ 0	$ 0	$ 1.03
Restricted Stock And Stock Units [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense		$ 13	$ 7	$ 2
Restricted Stock [Member] | LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)		25,104	17,512	11,039
Restricted stock award units granted, weighted average grant date fair value (in usd per share)		$ 55.76	$ 45.68	$ 63.40
Restricted Stock Units [Member] | LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)		786,310	0	0
Restricted stock award units granted, weighted average grant date fair value (in usd per share)		$ 48.96	$ 0	$ 0
Restricted Stock Units [Member] | SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)		13,039,600	2,337,200	1,412,400
Restricted stock award units granted, weighted average grant date fair value (in usd per share)		$ 3.22	$ 4.11	$ 4.99
[1]	During the years ended December 31, 2021, 2020 and 2019, the Company recorded stock-based compensation expense of $27 million, $27 million and $36 million, respectively, of which $15 million, $12 million and $22 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations.

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Related party receivables	$ 2	$ 6
Related party payables	1	1
Lodging, Food & Beverage and Other [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Goods and services sold to related party	2	1	$ 2
Expense from goods and services provided by related party	3	2	3
Aircraft, Yacht and Other [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Expense from goods and services provided by related party	3	5	9
Aviation [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Goods and services sold to related party	$ 21	$ 18	25
Expenses paid by Company on behalf of related party			$ 9

Schedule of Segment Reporting I

Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net revenues		$ 1,008	$ 857	$ 1,173	$ 1,196	$ 1,015	$ 446	$ 62	$ 1,417	$ 4,234	$ 2,940	$ 12,127
Adjusted property EBITDA	[1]									786	(48)	4,902
Stock-based compensation	[2]									(12)	(15)	(14)
Corporate										(211)	(168)	(313)
Pre-opening										(19)	(19)	(34)
Development										(109)	(18)	(24)
Depreciation and amortization										(1,041)	(997)	(1,020)
Amortization of leasehold interests in land										(56)	(55)	(51)
Loss on disposal or impairment of assets										(27)	(73)	(81)
Operating income (loss)		(138)	(316)	(139)	(96)	(119)	(523)	(757)	6	(689)	(1,393)	3,365
Interest income										4	21	74
Interest expense, net of amounts capitalized										(621)	(523)	(449)
Other income (expense)										(31)	19	56
Gain on sale of Sands Bethlehem										0	0	556
Loss on modification or early retirement of debt										(137)	0	(2)
Income tax (expense) benefit										5	(24)	(432)
Net income (loss) from continuing operations		(315)	$ (594)	$ (280)	$ (280)	(303)	$ (664)	$ (841)	$ (92)	(1,469)	(1,900)	3,168
Total stock-based compensation expense	[2]									27	27	36
Stock-based compensation expense included in corporate expense	[2]									15	12	22
Capital expenditures										828	1,227	1,018
Assets		16,756				17,585				16,756	17,585	19,819
Long-lived assets	[3]	14,016				14,536				14,016	14,536	14,212
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Capital expenditures										27	5	59
Assets		1,357				1,465				1,357	1,465	1,860
Long-lived assets	[3]	176				186				176	186	212
Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										2,897	1,707	8,834
Adjusted property EBITDA										338	(431)	3,189
Capital expenditures										653	1,058	762
Assets		10,073				10,528				10,073	10,528	12,079
Long-lived assets	[3]	9,099				9,361				9,099	9,361	8,937
Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										1,256	738	3,510
Adjusted property EBITDA										297	(53)	1,407
Capital expenditures										71	140	131
Assets		2,087				2,446				2,087	2,446	3,243
Long-lived assets	[3]	1,555				1,705				1,555	1,705	1,740
Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										588	297	2,052
Adjusted property EBITDA										(84)	(184)	726
Capital expenditures										551	739	282
Assets		4,494				4,299				4,494	4,299	4,504
Long-lived assets	[3]	4,317				4,163				4,317	4,163	3,591
Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										357	259	1,650
Adjusted property EBITDA										(17)	(131)	544
Capital expenditures										4	11	32
Assets		1,962				2,119				1,962	2,119	2,351
Long-lived assets	[3]	1,915				2,067				1,915	2,067	2,203
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										546	265	877
Adjusted property EBITDA										219	33	345
Capital expenditures										19	157	298
Assets		1,145				1,203				1,145	1,203	1,239
Long-lived assets	[3]	1,055				1,135				1,055	1,135	1,112
Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										122	120	628
Adjusted property EBITDA										(69)	(76)	175
Capital expenditures										7	9	16
Assets		253				320				253	320	324
Long-lived assets	[3]	197				218				197	218	237
Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues										28	28	117
Adjusted property EBITDA										(8)	(20)	(8)
Loss on disposal or impairment of assets												(65)
Capital expenditures										1	2	3
Assets		132				141				132	141	418
Long-lived assets	[3]	60				73				60	73	54
Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues										1,370	1,261	3,101
Adjusted property EBITDA										448	383	1,661
Capital expenditures										148	164	195
Assets		5,326				5,592				5,326	5,592	5,880
Long-lived assets	[3]	$ 4,741				$ 4,989				4,741	4,989	5,063
United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues	[4]									83	66	206
United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Net revenues	[5]											227
Adjusted property EBITDA	[5]									0	0	52
Capital expenditures	[5]									0	0	2
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	[6]									(116)	(94)	(241)
Intersegment Eliminations [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										(27)	(24)	(31)
Intersegment Eliminations [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										(4)	(4)	(4)
Intersegment Eliminations [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										(1)	(1)	0
Intersegment Eliminations [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues										(22)	(19)	(27)
Intersegment Eliminations [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues										(6)	(4)	(4)
Intersegment Eliminations [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues										(83)	(66)	(206)
Casino [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										2,892	2,041	9,384
Net revenues										2,892	2,041	9,384
Casino [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										1,987	1,169	7,018
Casino [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										944	531	2,875
Casino [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										396	192	1,541
Casino [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										244	180	1,376
Casino [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										298	159	650
Casino [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										105	107	576
Casino [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										0	0	0
Casino [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										905	872	2,167
Casino [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[4]									0	0	0
Casino [Member] | United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]											199
Casino [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[6]									0	0	0
Rooms [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										415	280	1,142
Net revenues										415	280	1,142
Rooms [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										276	144	731
Rooms [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										77	46	222
Rooms [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										90	42	320
Rooms [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										54	33	130
Rooms [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										45	17	41
Rooms [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										10	6	18
Rooms [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										0	0	0
Rooms [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										139	136	404
Rooms [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[4]									0	0	0
Rooms [Member] | United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]											7
Rooms [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[6]									0	0	0
Food and Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										199	156	550
Net revenues										199	156	550
Food and Beverage [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										93	59	298
Food and Beverage [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										24	14	73
Food and Beverage [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										30	17	97
Food and Beverage [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										17	14	70
Food and Beverage [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										17	9	31
Food and Beverage [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										5	5	27
Food and Beverage [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										0	0	0
Food and Beverage [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										106	97	241
Food and Beverage [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[4]									0	0	0
Food and Beverage [Member] | United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]											11
Food and Beverage [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[6]									0	0	0
Mall [Member]
Segment Reporting Information [Line Items]
Net revenues										649	381	716
Mall [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										475	271	532
Mall [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										195	126	254
Mall [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										56	38	71
Mall [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										39	27	53
Mall [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										184	79	151
Mall [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Net revenues										1	1	3
Mall [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues										0	0	0
Mall [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues										176	112	185
Mall [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues	[4]									0	0	0
Mall [Member] | United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Net revenues	[5]											1
Mall [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	[6]									(2)	(2)	(2)
Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										79	82	335
Net revenues										79	82	335
Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										66	64	255
Other [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										16	21	86
Other [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										16	8	23
Other [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										3	5	21
Other [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										2	1	4
Other [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										1	1	4
Other [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										28	28	117
Other [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer										44	44	104
Other [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[4]									83	66	206
Other [Member] | United States [Member] | Sands Bethlehem [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[5]											9
Other [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer	[6]									$ (114)	$ (92)	$ (239)
[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 years ended December 31, 2021, 2020 and 2019, the Company recorded stock-based compensation expense of $27 million, $27 million and $36 million, respectively, of which $15 million, $12 million and $22 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations.
[3]	Long-lived assets include property and equipment, net of accumulated depreciation and amortization, and leasehold interests in land, net of accumulated amortization.
[4]	Royalties were earned from foreign operations, which were previously included in the Las Vegas Operating Properties and will continue post-closing of the sale.
[5]	The Company completed the sale of Sands Bethlehem on May 31, 2019. Results of operations include Sands Bethlehem through May 30, 2019.
[6]	Intercompany eliminations include royalties and other intercompany services.

Selected Quarterly Financial _3

Selected Quarterly Financial Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Net revenues	$ 1,008	$ 857	$ 1,173	$ 1,196	$ 1,015	$ 446	$ 62	$ 1,417	$ 4,234	$ 2,940	$ 12,127
Operating income (loss)	(138)	(316)	(139)	(96)	(119)	(523)	(757)	6	(689)	(1,393)	3,365
Net loss from continuing operations	(315)	(594)	(280)	(280)	(303)	(664)	(841)	(92)	(1,469)	(1,900)	3,168
Income (loss) from discontinued operations, net of income taxes	118	99	38	(62)	(73)	(67)	(144)	41	193	(243)	136
Net income (loss)	(197)	(495)	(242)	(342)	(376)	(731)	(985)	(51)	(1,276)	(2,143)	3,304
Net income (loss) attributable to Las Vegas Sands Corp.	$ (123)	$ (368)	$ (192)	$ (278)	$ (299)	$ (565)	$ (820)	$ (1)	$ (961)	$ (1,685)	$ 2,698
Income (loss) from continuing operations, per basic share	$ (0.32)	$ (0.61)	$ (0.30)	$ (0.28)	$ (0.30)	$ (0.65)	$ (0.88)	$ (0.05)	$ (1.51)	$ (1.89)	$ 3.32
Income (loss) from discontinued operations, net of tax, per basic share	0.15	0.13	0.05	(0.08)	(0.10)	(0.09)	(0.19)	0.05	0.25	(0.32)	0.18
Basic earnings (loss) per share (in usd per share)	(0.17)	(0.48)	(0.25)	(0.36)	(0.40)	(0.74)	(1.07)	0	(1.26)	(2.21)	3.50
Income (loss) from continuing operations, per diluted share	(0.32)	(0.61)	(0.30)	(0.28)	(0.30)	(0.65)	(0.88)	(0.05)	(1.51)	(1.89)	3.32
Income (loss) from discontinued operations, net of tax, per diluted share	0.15	0.13	0.05	(0.08)	(0.10)	(0.09)	(0.19)	0.05	0.25	(0.32)	0.18
Diluted earnings (loss) per share (in usd per share)	$ (0.17)	$ (0.48)	$ (0.25)	$ (0.36)	$ (0.40)	$ (0.74)	$ (1.07)	$ 0	$ (1.26)	$ (2.21)	$ 3.50

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ 255	$ 220	$ 247
Additions	3	86	22
Write-offs, net of recoveries	(26)	(51)	(49)
Balance at end of year	232	255	220
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	4,922	4,786	4,769
Additions	115	138	29
Deductions	(3)	(2)	(12)
Balance at end of year	$ 5,034	$ 4,922	$ 4,786