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Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Instrument [Line Items]  
Summary of Debt by Financing Structure
 
September 30, 2017
 
December 31, 2016
(In millions)
Face Value
 
Book Value
 
Book Value
CERP (1)
$
4,556

 
$
4,511

 
$
4,563

CGP (1)
1,999

 
1,966

 
2,275

Total debt
6,555

 
6,477

 
6,838

Current portion of long-term debt
(39
)
 
(39
)
 
(89
)
Long-term debt
$
6,516

 
$
6,438

 
$
6,749

 
 
 
 
 
 
Unamortized discounts and deferred finance charges
 
 
$
78

 
$
110

Fair value
$
6,717

 
 
 
 
Credit Facility
Credit Facility
 
Covenant Type
 
Effective Period
 
Requirement
CERP Credit Facility
 
CERP Maximum SSLR
 
From inception
 
8.00
to 1.00
CGPH Senior Secured Term Loan
 
CGPH Maximum SSLR
 
From inception
 
6.00
to 1.00
CERP  
Debt Instrument [Line Items]  
Summary of Debt by Financing Structure
 
September 30, 2017
 
December 31, 2016
(Dollars in millions)
Final
Maturity
 
Rate(s) (1)
 
Face Value
 
Book Value
 
Book Value
CERP Credit Facility
 
 
 
 
 
 
 
 
 
CERP Revolving Credit Facility (2)
2018
 
various
 
$
—

 
$
—

 
$
40

CERP Senior Secured Term Loan (3)
2020
 
4.74%
 
2,406

 
2,376

 
2,387

CERP Notes
 
 
 
 
 
 
 
 
 
CERP First Lien Notes
2020
 
8.00%
 
1,000

 
994

 
993

CERP Second Lien Notes
2021
 
11.00%
 
1,150

 
1,141

 
1,140

Capital lease obligations and other
N/A
 
N/A
 
—

 
—

 
3

Total CERP Debt
 
4,556

 
4,511

 
4,563

Current portion of CERP long-term debt
 
(25
)
 
(25
)
 
(68
)
CERP long-term debt
 
$
4,531

 
$
4,486

 
$
4,495


____________________
(1)  
Interest rate is fixed, except where noted.
(2) 
Variable interest rate for the $211 million amended revolver is LIBOR plus 3.50%, down from 6.00% prior to the amendment. The variable interest rate on the remaining $59 million is determined by adding LIBOR to a base rate of 6.00%.
(3) 
Variable interest rate was amended during the 2017 second quarter from 6.00% plus the greater of LIBOR or a 1% floor to 3.50% plus the greater of LIBOR or a 1% floor.
CGP  
Debt Instrument [Line Items]  
Summary of Debt by Financing Structure
 
September 30, 2017
 
December 31, 2016
(Dollars in millions)
Final
Maturity
 
Rate(s) (1)
 
Face Value
 
Book Value
 
Book Value
CGPH Credit Facilities
 
 
 
 
 
 
 
 
 
CGPH Senior Secured Revolving Credit Facility (2)
2019
 
various
 
$
—

 
$
—

 
$
—

CGPH Senior Secured Term Loan (3)
2021
 
4.24%
 
1,311

 
1,289

 
1,119

CGPH Notes
2022
 
9.38%
 
675

 
664

 
662

Cromwell Credit Facility
N/A
 
N/A
 
—

 
—

 
167

Horseshoe Baltimore Credit and FF&E Facilities
 
 
 
 
 
 
 
 
 
Horseshoe Baltimore Revolving Facility Loan
N/A
 
N/A
 
—

 
—

 
—

Horseshoe Baltimore Credit Facility
N/A
 
N/A
 
—

 
—

 
287

Horseshoe Baltimore FF&E Facility
N/A
 
N/A
 
—

 
—

 
22

Other secured debt
N/A
 
N/A
 
—

 
—

 
4

Special Improvement District Bonds
2037
 
4.30%
 
13

 
13

 
14

Total CGP Debt
 
1,999

 
1,966

 
2,275

Current portion of CGP long-term debt
 
(14
)
 
(14
)
 
(21
)
CGP long-term debt
 
$
1,985

 
$
1,952

 
$
2,254

____________________
(1) 
Interest rate is fixed, except where noted.
(2) 
Variable interest rate calculated as LIBOR plus 3.00%, down from 5.25% prior to the amendment.
(3) 
Variable interest rate was amended during the 2017 second quarter from 5.25% plus the greater of LIBOR or a 1% floor to 3.00% plus the greater of LIBOR or a 1% floor.