Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Caesars Entertainment Stock-Based Compensation

We maintain long-term incentive plans for management, other personnel, and key service providers. The plans allow for granting stock-based compensation awards, including time-based and performance-based stock options, restricted stock units, restricted stock awards, stock grants, or a combination of awards.

Composition of Stock-Based Compensation Expense

	Three Months Ended March 31,
(In millions)	2015		2014
Corporate expense	$	14	$	7
Property, general, administrative, and other	14		19
Total stock-based compensation expense	$	28	$	26

Options and Restricted Stock Units Granted

	Three Months Ended March 31,
	2015			2014
	Shares	Wtd Avg Fair Value		Shares	Wtd Avg Fair Value
Stock options	1,000,000	$	5.01	—	$	—
Restricted stock units	1,827,219	13.01		1,104	23.03

Options and Restricted Stock Units Outstanding

	March 31, 2015			December 31, 2014
	Shares	Wtd Avg Fair Value		Shares	Wtd Avg Fair Value
Stock options	10,110,589	$	3.34	9,379,885	$	3.35
Restricted stock units	3,545,446	15.53		2,156,727	17.45

CIE Stock-Based Compensation

CIE grants stock-based compensation awards in CIE common stock to its employees, directors, service providers and consultants in accordance with the Caesars Interactive Entertainment, Inc. Amended and Restated Management Equity Incentive Plan (the “Plan”), which is intended to promote the interests of CIE and its shareholders by providing key employees, directors, service providers and consultants with an incentive to encourage their continued employment or service and improve the growth and profitability of CIE.

Stock-based compensation expense attributable to CIE is recorded in property, general, administrative, and other in the consolidated condensed statements of operations and comprehensive income and totaled $13 million and $18 million for the three months ended March 31, 2015 and 2014, respectively. As of the March 31, 2015 and December 31, 2014, the liability related to outstanding options and warrants was $101 million and $103 million, respectively. The current portion is recorded in accrued expenses and other current liabilities on the Consolidated Balance Sheets, while the long-term portion is recorded in deferred credits and other liabilities.

Options and Restricted Stock Units Granted

	Three Months Ended March 31,
	2015			2014
	Shares	Wtd Avg Fair Value		Shares	Wtd Avg Fair Value
Stock options	1,029	$	4,770.92	340	$	4,250.00
Restricted stock units	536	12,630.00		388	8,500.00

Options and Restricted Stock Units Outstanding

	March 31, 2015			December 31, 2014
	Shares	Wtd Avg Fair Value		Shares	Wtd Avg Fair Value
Stock options	13,527	$	1,852.62	13,279	$	1,616.01
Restricted stock units	5,418	6,972.40		5,096	6,494.71

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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