Earnings Per Share

Basic earnings per share is computed by dividing the applicable income amounts by the weighted-average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing the applicable income amounts by the sum of weighted-average number of shares of common stock outstanding and dilutive potential common stock.

For a period in which Caesars generated a net loss, the weighted-average basic shares outstanding was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.

Basic and Dilutive Net Earnings Per Share Reconciliation

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions, except per share data)	2017			2016			2017			2016
Loss from continuing operations attributable to Caesars, net of income taxes	$	(468	)	$	(3,936	)	$	(2,456	)	$	(6,379	)
Income from discontinued operations attributable to Caesars, net of income taxes	—			3,293			—			3,351
Net loss attributable to Caesars	$	(468	)	$	(643	)	$	(2,456	)	$	(3,028	)

Weighted-average common stock outstanding	149			147			148			146

Basic and diluted loss per share from continuing operations	$	(3.14	)	$	(26.80	)	$	(16.54	)	$	(43.70	)
Basic and diluted earnings per share from discontinued operations	—			22.42			—			22.96
Basic and diluted loss per share	$	(3.14	)	$	(4.38	)	$	(16.54	)	$	(20.74	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2017	2016	2017	2016
Stock options	10	10	13	10
Restricted stock units and awards	6	9	6	9
Total anti-dilutive common stock	16	19	19	19