Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of Debt

	March 31, 2018								December 31, 2017
(Dollars in millions)	Final Maturity	Rate(s) (1)	Face Value			Book Value			Book Value
Secured debt
CRC Revolving Credit Facility	2022	variable (2)	$	—		$	—		$	—
CRC Term Loan	2024	variable (3)	4,689			4,608			4,616
CEOC LLC Revolving Credit Facility	2022	variable (4)	—			—			—
CEOC LLC Term Loan	2024	variable (5)	1,496			1,494			1,499
Unsecured debt
CEC Convertible Notes	2024	5.00%	1,078			1,078			1,078
CRC Notes	2025	5.25%	1,700			1,665			1,664
Special Improvement District Bonds	2037	4.30%	56			56			56
Total debt			9,019			8,901			8,913
Current portion of long-term debt			(64		)	(64		)	(64		)
Long-term debt			$	8,955		$	8,837		$	8,849
Unamortized discounts and deferred finance charges						$	118		$	121
Fair value			$	9,011

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⁽¹⁾  Interest rate is fixed, except where noted.

⁽²⁾  London Interbank Offered Rate (“LIBOR”) plus 2.25%

⁽³⁾  LIBOR plus 2.75%

⁽⁴⁾  LIBOR plus 2.00%

⁽⁵⁾  LIBOR plus 2.50%. On April 16, 2018, the interest rate was repriced to LIBOR plus 2.00%, see CEOC LLC Term Loan Repricing section below.

Schedule of Maturities of Long-term Debt [Table Text Block]

Annual Estimated Debt Service Requirements as of March 31, 2018
	Remaining		Years Ended December 31,
(In millions)	2018		2019		2020		2021		2022		Thereafter		Total
Annual maturities of long-term debt	$	48	$	64	$	64	$	64	$	64	$	8,715	$	9,019
Estimated interest payments	380		470		480		480		480		1,010		3,300
Total debt service obligation (1)	$	428	$	534	$	544	$	544	$	544	$	9,725	$	12,319

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⁽¹⁾  Debt principal payments are estimated amounts based on maturity dates and potential borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve. Actual payments may differ from these estimates.