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Quarterly Results of Operations - Unaudited (Notes)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
(In millions, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
2016
 
 
 
 
 
 
 
 
 
Net revenues
$
950

 
$
992

 
$
986

 
$
949

 
$
3,877

Income/(loss) from operations
88

 
111

 
(44
)
 
102

 
257

Net income/(loss)
(274
)
 
(2,043
)
 
5

 
(435
)
 
(2,747
)
Net loss attributable to Caesars
(308
)
 
(2,077
)
 
(643
)
 
(541
)
 
(3,569
)
Basic loss per share
(2.12
)
 
(14.25
)
 
(4.38
)
 
(3.68
)
 
(24.41
)
Diluted loss per share
(2.12
)
 
(14.25
)
 
(4.38
)
 
(3.68
)
 
(24.41
)
 
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
 
Net revenues
$
1,085

 
$
966

 
$
957

 
$
921

 
$
3,929

Income from operations
93

 
128

 
84

 
41

 
346

Net income/(loss)
6,797

 
50

 
(756
)
 
(39
)
 
6,052

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

 
15

 
(791
)
 
(76
)
 
5,920

Basic earnings/(loss) per share
46.81

 
0.10

 
(5.44
)
 
(0.54
)
 
40.88

Diluted earnings/(loss) per share
46.12

 
0.10

 
(5.44
)
 
(0.54
)
 
40.26


As described in Note 1, during 2016, we significantly increased our accrual for restructuring commitments beginning in the first quarter, and our accrual was updated quarterly. In addition, as described in Note 17, during the third quarter of 2016, CIE sold its SMG Business, which resulted in a pre-tax gain of approximately $4.2 billion.
During the year ended December 31, 2015, Caesars Entertainment recognized a $7.1 billion gain associated with the deconsolidation of CEOC. See Note 2.