XML 61 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension Plan Participation and Contribution Summary
Multi-employer Pension Plan Participation
 
 
 
 
Pension Protection Act Zone Status (1)
 
 
 
Contributions
(In millions)
 
 
 
 
Pension Fund
 
EIN/Pension Plan Number
 
2016
 
2015
 
FIP/RP Status (2)
 
2016
 
2015
 
2014
 
Surcharge Imposed
 
Expiration Date of Collective-Bargaining Agreement (6)
Southern Nevada Culinary and Bartenders Pension Plan (5)
 
88-6016617/001
 
Green
 
Green
 
No
 
$
16

 
$
16

 
$
18

 
No
 
Various up to
July 31, 2018
Pension Plan of the UNITE HERE National Retirement Fund (3)(5)
 
13-6130178/001
 
Red
 
Red
 
Yes
 
5

 
6

 
14

 
No
 
Various up to
February 29, 2020
Local 68 Engineers Union Pension Plan (4)(5)
 
51-0176618/001
 
Yellow
 
Green
 
No
 

 

 
1

 
No
 
April 30, 2017
NJ Carpenters Pension Fund
 
22-6174423/001
 
Yellow
 
Yellow
 
Yes
 

 

 

 
No
 
April 30, 2017
Painters IUPAT
 
52-6073909/001
 
Yellow
 
Yellow
 
Yes
 
1

 
1

 
1

 
No
 
Various up to
June 30, 2021
Other Funds
 
11

 
9

 
12

 
 
 
 
Total Contributions
 
$
33

 
$
32

 
$
46

 
 
 
 
____________________
(1) 
Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and less than 80% funded, and plans in the green zone are at least 80% funded. All plans detailed in the table above utilized extended amortization provisions to calculate zone status.
(2) 
Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.
(3) 
As described in Note 3, in January 2015, the Pension Plan of the UNITE HERE National Retirement Fund voted to expel Caesars Entertainment and its participating subsidiaries from the plan.
(4) 
Plan years begin July 1.
(5) 
Plan was listed in the pension plans’ Forms 5500 as providing more than 5% of the total contributions for the plan years ended 2015 and 2014. At the date the financial statements were issued, Forms 5500 were not available for the 2016 plan year ending.
(6) 
The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.