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Earnings Per Share Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
Basic earnings per share is computed by dividing the applicable income amounts by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing the applicable income amounts by the sum of weighted-average number of shares of common shares outstanding and dilutive potential common shares.
For periods in which Caesars generated net losses, the weighted-average basic shares outstanding was used in calculating diluted loss per share because using diluted shares would be anti-dilutive to loss per share.
Basic and Dilutive Net Earnings Per Share Reconciliation
 
Three Months Ended March 31,
(In millions, except per share data)
2016
 
2015
Income/(loss) from continuing operation, net of income taxes
$
(308
)
 
$
6,779

Loss from discontinued operation, net of income taxes
—

 
(7
)
Net income/(loss) attributable to Caesars
$
(308
)
 
$
6,772

 
 
 
 
Weighted average common share outstanding
145

 
145

Dilutive potential common shares: Stock options
—

 
2

Weighted average common shares and dilutive potential common shares
145

 
147

 
 
 
 
Basic income/(loss) per share from continuing operations
$
(2.12
)
 
$
46.86

Basic loss per share from discontinued operations
—

 
(0.05
)
Basic income/(loss) per share
$
(2.12
)
 
$
46.81

 
 
 
 
Diluted income/(loss) per share from continuing operations
$
(2.12
)
 
$
46.17

Diluted loss per share from discontinued operations
—

 
(0.05
)
Diluted income/(loss) per share
$
(2.12
)
 
$
46.12


Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
 
Three Months Ended March 31,
(In millions)
2016
 
2015
Stock options
11

 
3

Restricted stock units and awards
6

 
1

Total anti-dilutive common shares
17

 
4