XML 85 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Pension Plan Participation and Contribution Summary
Multi-employer Pension Plan Participation
 
 
 
 
Pension Protection Act Zone Status (1)
 
 
 
Contributions
(In millions)(2)
 
 
 
 
Pension Fund
 
EIN/Pension Plan Number
 
2017
 
2016
 
FIP/RP Status(3)
 
2017
 
2016
 
2015
 
Surcharge Imposed
 
Expiration Date of Collective-Bargaining Agreement (4)
Southern Nevada Culinary and Bartenders Pension Plan (5)
 
88-6016617/001
 
Green
 
Green
 
No
 
$
19

 
$
16

 
$
16

 
No
 
 Various up to July 31, 2018
Pension Plan of the UNITE HERE National Retirement Fund (5)(6)
 
13-6130178/001
 
Red
 
Red
 
Yes
 
9

 
5

 
6

 
No
 
Various up to February 29, 2020
Central Pension Fund of the IUOE & Participating Employers (7) 
 
36-6052390/001
 
Green
 
Green
 
No
 
5

 
5

 
4

 
No
 
Various up to August 31, 2018
Local 68 Engineers Union Pension Plan (5)(8)
 
51-0176618/001
 
Yellow
 
Yellow
 
No
 
1

 

 

 
No
 
April 30, 2020
NJ Carpenters Pension Fund
 
22-6174423/001
 
Yellow
 
Yellow
 
Yes
 

 

 

 
No
 
April 30, 2020
Painters IUPAT
 
52-6073909/001
 
Yellow
 
Yellow
 
Yes
 
1

 
1

 
1

 
No
 
Various up to June 30, 2021
Other Funds
 
5

 
6

 
5

 
 
 
 
Total Contributions
 
$
40

 
$
33

 
$
32

 
 
 
 
____________________
(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) 
Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC.
(3) 
Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.
(4) 
The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.
(5) 
Employer provided more than 5% of the total contributions for the plan years ended 2016 and 2015. At the date the financial statements were issued, Forms 5500 were not available for the 2017 plan year ending.
(6) 
See discussion of NRF Settlement Agreement in Note 11. The HEREIU Intermediary Plan was established as the result of a spin-off from the Pension Plan of the UNITE HERE National Retirement Fund effective January 1, 2018.  As of January 1, 2018, CEC no longer contributes to the NRF nor has any remaining liability owed to the NRF.
(7) 
Plan years begin February 1.
(8) 
Plan years begin July 1.