v3.26.1
Accounts Receivable, Net and Customer Contract Related Liabilities
 3 Months Ended
Mar. 31, 2026
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Accounts Receivable, Net Accounts Receivable, Net and Customer Contract Related Liabilities
Accounts Receivable and Provision for Credit Losses
Accounts receivable consisted of the following:
March 31,
2026		December 31,
2025
(In millions)
Casino
$822 $828 
Rooms
19 22 
Mall
31 80 
Other
35 37 
907 967 
Less — provision for credit losses
(230)(225)
$677 $742 
The following table shows the movement in the provision for credit losses recognized for accounts receivable:
20262025
(In millions)
Balance at January 1$225 $186 
Current period provision for credit losses29 5 
Write-offs(23)(21)
Exchange rate impact
(1)2 
Balance at March 31
$230 $172 
Customer Contract Related Liabilities
Customer Contract Related Liabilities
The Company provides numerous products and services to its patrons. There is often a timing difference between the cash payment by the patrons 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 following table summarizes the liability activity related to contracts with customers:
Outstanding Chip LiabilityLoyalty Program Liability
Customer Deposits and Other Deferred Revenue(1)
202620252026202520262025
(In millions)
Balance at January 1$181 $112 $39 $38 $930 $763 
Balance at March 31
116 95 36 37 959 767 
Increase (decrease)$(65)$(17)$(3)$(1)$29 $4 
____________________
(1)Of this amount, $173 million and $172 million as of March 31 and January 1, 2026, and $171 million and $175 million as of March 31 and January 1, 2025, respectively, related to mall deposits that are accounted for based on lease terms usually greater than one year.