Revenue Recognition Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Effect of Adopting New Revenue Recognition Standard

Effect of Adopting New Revenue Recognition Standard - Balance Sheets

(In millions)	Previously Reported			ASC Adjustments			As Recast
December 31, 2017
Receivables, net	$	496		$	(2	)	$	494
Property and equipment, net⁽¹⁾	16,228			(74		)	16,154
Accrued expenses and other current liabilities ⁽²⁾	1,459			(133		)	1,326
Contract liabilities⁽²⁾	—			129			129
Financing obligations⁽¹⁾	9,429			(74		)	9,355
Deferred credits and other liabilities	1,473			1			1,474
Stockholders’ equity	3,296			1			3,297
December 31, 2016
Stockholders’ deficit	$	(1,609	)	$	2		$	(1,607	)

____________________

⁽¹⁾

The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 7) are no longer considered continuing involvement under the new revenue recognition standard. As of result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.


⁽²⁾	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

Effect of Adopting New Revenue Recognition Standard - Statements of Operations

	Three Months Ended June 30, 2017
	Prior to Adoption												Post Adoption
(In millions)	CEC			CAC			Eliminations			Total			Total
Net revenues	$	1,002		$	—		$	—		$	1,002		$	1,008
Total operating expenses	845			8			—			853			859
Income/(loss) from operations	157			(8		)	—			149			149
Net loss	(1,426		)	(3		)	(5		)	(1,434		)	(1,432		)



	Six Months Ended June 30, 2017
	Prior to Adoption											Post Adoption
(In millions)	CEC			CAC			Eliminations		Total			Total
Net revenues	$	1,965		$	—		$	—	$	1,965		$	1,974
Total operating expenses	1,650			17			—		1,667			1,675
Income/(loss) from operations	315			(17		)	—		298			299
Net loss	(1,950		)	(1		)	9		(1,942		)	(1,940		)

Disaggregation of Revenue by Segment [Table Text Block]

Disaggregation of Revenue by Segment

	Three Months Ended June 30, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Eliminations			Total
Casino	$	311	$	691	$	60	$	—		$	1,062
Food and beverage	246		138		7		—			391
Rooms	282		105		1		—			388
Management fees	—		1		15		(1		)	15
Reimbursed management costs	—		1		47		—			48
Entertainment and other	114		43		16		(1		)	172
Total contract revenues	953		979		146		(2		)	2,076
Other	39		3		1		—			43
Net revenues	$	992	$	982	$	147	$	(2	)	$	2,119



	Three Months Ended June 30, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Eliminations			Total
Casino	$	209	$	199	$	12	$	—		$	420
Food and beverage	156		49		—		—			205
Rooms	201		41		—		—			242
Entertainment and other	72		15		5		(1		)	91
Total contract revenues	638		304		17		(1		)	958
Other	46		3		1		—			50
Net revenues	$	684	$	307	$	18	$	(1	)	$	1,008



	Six Months Ended June 30, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Eliminations			Total
Casino	$	568	$	1,354	$	123	$	—		$	2,045
Food and beverage	487		273		14		—			774
Rooms	562		191		2		—			755
Management fees	—		2		31		(3		)	30
Reimbursed management costs	—		1		99		—			100
Entertainment and other	206		82		23		(2		)	309
Total contract revenues	1,823		1,903		292		(5		)	4,013
Other	71		5		2		—			78
Net revenues	$	1,894	$	1,908	$	294	$	(5	)	$	4,091



	Six Months Ended June 30, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Eliminations			Total
Casino	$	402	$	385	$	23	$	—		$	810
Food and beverage	318		93		—		—			411
Rooms	416		73		—		—			489
Entertainment and other	133		30		9		(1		)	171
Total contract revenues	1,269		581		32		(1		)	1,881
Other	86		5		2		—			93
Net revenues	$	1,355	$	586	$	34	$	(1	)	$	1,974

Retail Value of Complimentaries

Retail Value of Complimentaries

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2018		2017		2018		2017
Food and beverage	$	143	$	144	$	292	$	295
Rooms	118		122		226		237
Other	15		17		30		31
	$	276	$	283	$	548	$	563

Receivables [Table Text Block]

Receivables

(In millions)	June 30, 2018		December 31, 2017
Casino	$	156	$	173
Food and beverage and rooms	78		59
Entertainment and other	77		79
Contract receivables, net	311		311
Other	132		183
Receivables, net	$	443	$	494

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

(In millions)	Contracts			Other			Total
Balance as of December 31, 2017	$	44		$	7		$	51
Provision for doubtful accounts	—			(3		)	(3		)
Write-offs less recoveries	(7		)	(1		)	(8		)
Balance as of June 30, 2018	$	37		$	3		$	40

Contract Liability Balances [Table Text Block]

Contract Liability Balances

(In millions)	Total Rewards		Customer Advances		Total
December 31, 2017 ⁽¹⁾	$	62	$	69	$	131
June 30, 2018 ⁽²⁾	68		84		152

____________________


⁽¹⁾	$2 million included within Deferred credits and other liabilities.


⁽²⁾	$6 million included within Deferred credits and other liabilities.

Revenue Recognized from December 31, 2017 Contract Liability Balances [Table Text Block]

Revenue Recognized from December 31, 2017 Contract Liability Balances

(In millions)	Total Rewards		Customer Advances		Total
Three Months Ended June 30, 2018	$	9	$	16	$	25
Six Months Ended June 30, 2018	24		66		90