v3.26.1
Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following:
Stated Interest Rate(1)
March 31,
2026
December 31,
2025
(In millions)
Corporate and U.S. Related:
LVSC Senior Notes
Notes due August 2026
3.500 %$1,000 $1,000 
Notes due June 2027
5.900 %750 750 
Notes due June 2028
5.625 %1,000 1,000 
Notes due August 2029
6.000 %500 500 
Notes due August 2029
3.900 %750 750 
Notes due June 2030
6.000 %500 500 
Notes due August 2034
6.200 %500 500 
Finance leases
122 121 
Macao Related:
SCL Senior Notes
Notes due January 2026
3.800 %— 800 
Notes due March 2027
2.300 %700 700 
Notes due August 2028
5.400 %1,900 1,900 
Notes due March 2029
2.850 %650 650 
Notes due June 2030
4.375 %700 700 
Notes due August 2031
3.250 %600 600 
2024 SCL Revolving Facility
4.855 %791 — 
2024 SCL Term Loan Facility
3.680 %1,591 1,614 
Finance leases
32 35 
Singapore Related:
2025 Singapore Term Loan Facility
2.233 %2,846 2,875 
2025 Singapore Delayed Draw Term Loan Facility
2.233 %926 931 
Finance leases
Total
15,859 15,927 
Unamortized debt discount and issuance costs(2)
(135)(143)
Total carrying amount of debt
15,724 15,784 
Less — current maturities(1,824)(1,128)
Total debt
$13,900 $14,656 
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(1)The stated interest rate represents the coupon rate for each of the senior notes. For floating-rate debt, interest rates are the rates in effect as of March 31, 2026; these rates are not necessarily an indication of future interest rates. The effective interest rate for each issuance of debt approximates the stated interest rate.
(2)Unamortized deferred financing costs of $138 million and $146 million as of March 31, 2026 and December 31, 2025, respectively, related to the Company’s revolving credit facilities and the undrawn portion of the 2025 Singapore Delayed Draw Term Facility are included in “Other assets, net” and “Prepaid expenses and other” in the accompanying condensed consolidated balance sheets.
Cash Flows From Financing Activities Related to Debt And Finance Lease Obligations Table
Cash flows from financing activities related to debt and finance lease obligations are as follows:
Three Months Ended
March 31,
20262025
(In millions)
Proceeds from 2024 SCL Revolving Facility
$797 $— 
Proceeds from 2025 Singapore Credit Facility
— 2,797 
$797 $2,797 
Repayment on SCL Senior Notes
$(800)$— 
Repayment on 2025 Singapore Credit Facility
(15)— 
Repayment on 2024 SCL Term Loan Facility
(12)— 
Repayment on 2012 Singapore Credit Facility
— (2,708)
Repayments on finance leases
(3)(2)
$(830)$(2,710)