Organization - Restructuring Expenses (Tables)

9 Months Ended

Sep. 30, 2016

Other Commitments [Line Items]

Accrued Restructuring and Support Expenses

Accrued Restructuring and Support Expenses
	Accrued as of
(In millions)	September 30, 2016		December 31, 2015
Forbearance fees and other payments to creditors	$	977	$	484
Bank Guaranty Settlement	734		386
Issuance of CEC common shares	2,741		—
Issuance of CEC convertible notes	1,500		—
Payment of creditor expenses, settlement charges, and other fees	222		—
Payment to CEOC	35		35
Total accrued	$	6,209	$	905

Cash and Available Revolver Capacity

Cash and Available Revolver Capacity
	September 30, 2016
(In millions)	CERP		CGP		CES		Other
Cash and cash equivalents	$	247	$	1,140	$	94	$	188
Revolver capacity	270		160		—		—
Revolver capacity drawn or committed to letters of credit	—		—		—		—
Total	$	517	$	1,300	$	94	$	188

Caesars Entertainment Operating Company [Member]

Other Commitments [Line Items]

Other Commitments Under the Amended Plan

The following represents other commitments or potential obligations to which CEC has agreed as part of the Third Amended Plan and certain of the RSAs, none of which have been accrued as of September 30, 2016.

Purchase 100% of OpCo common stock for $700 million ⁽¹⁾

Issuance of CEC common shares in exchange for OpCo preferred stock

Purchase 5% of PropCo equity for $91 million ⁽²⁾

PropCo has right of first refusal on the real property assets associated with all new domestic non-Las Vegas gaming facility opportunities, with CEC or OpCo leasing such properties

PropCo receives a call right to purchase the real property assets associated with Harrah’s Atlantic City, Harrah’s Laughlin, and Harrah’s New Orleans (subject to the terms of the CERP and CGPH credit agreements)

Guarantee of OpCo’s payment obligations to PropCo under the leases of the CEOC Properties

Guarantee of OpCo debt received by the First Lien Bank Lenders and First Lien Noteholders

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⁽¹⁾  “OpCo” refers to the proposed entity resulting from the Restructuring that will operate the CEOC Properties under a lease with PropCo. “CEOC Properties” refers to those properties owned by CEOC as of the Petition Date.

⁽²⁾  “PropCo” refers to the proposed entity resulting from the Restructuring that will own the real property assets associated with the CEOC Properties as of the Effective Date. This commitment is dependent on the ultimate legal structure of the entities formed as part of the Restructuring.