Segment Reporting Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Condensed Statements of Operations - By Segment

Condensed Statements of Operations - By Segment
	Three Months Ended June 30, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Net revenues	$	992		$	982		$	147		$	(2	)	$	2,119
Depreciation and amortization	132			121			15			—			268
Income/(loss) from operations	246			131			(95		)	—			282
Interest expense	(80		)	(139		)	(115		)	—			(334		)
Restructuring and support expenses and other (1)	(2		)	—			47			—			45
Income tax benefit (2)	—			—			36			—			36

	Three Months Ended June 30, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Net revenues	$	684		$	307		$	18		$	(1	)	$	1,008
Depreciation and amortization	74			21			1			—			96
Income/(loss) from operations	156			47			(54		)	—			149
Interest expense	(3		)	(7		)	(132		)	—			(142		)
Restructuring and support expenses and other (1)	(3		)	—			(1,404		)	—			(1,407		)
Income tax provision (2)	—			—			(32		)	—			(32		)

	Six Months Ended June 30, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Net revenues	$	1,894		$	1,908		$	294		$	(5	)	$	4,091
Depreciation and amortization	274			242			32			—			548
Income/(loss) from operations	394			217			(204		)	—			407
Interest expense	(158		)	(277		)	(229		)	—			(664		)
Restructuring and support expenses and other (1)	—			2			227			—			229
Income tax benefit (2)	—			—			23			—			23

	Six Months Ended June 30, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Net revenues	$	1,355		$	586		$	34		$	(1	)	$	1,974
Depreciation and amortization	153			42			3			—			198
Income/(loss) from operations	308			76			(85		)	—			299
Interest expense	(8		)	(14		)	(267		)	—			(289		)
Restructuring and support expenses and other (1)	(3		)	—			(1,868		)	—			(1,871		)
Income tax provision (2)	—			—			(79		)	—			(79		)

Adjusted EBITDA - By Segment

	Three Months Ended June 30, 2018
(In millions)	Las Vegas		Other U.S.			All Other			Elimination			Caesars
Net income/(loss) attributable to Caesars	$	164	$	(9	)	$	(126	)	$	—		$	29
Net income/(loss) attributable to noncontrolling interests	—		1			(1		)	—			—
Income tax benefit (1)	—		—			(36		)	—			(36		)
Restructuring and support expenses and other (2)	2		—			(47		)	—			(45		)
Interest expense	80		139			115			—			334
Depreciation and amortization	132		121			15			—			268
Other operating costs (3)	1		1			30			1			33
Stock-based compensation expense	2		3			15			—			20
Other items (4)	2		2			17			(1		)	20
Adjusted EBITDA	$	383	$	258		$	(18	)	$	—		$	623

	Three Months Ended June 30, 2017
(In millions)	Las Vegas		Other U.S.		All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	150	$	40	$	(1,622	)	$	—	$	(1,432	)
Income tax provision (1)	—		—		32			—		32
Restructuring and support expenses and other (2)	3		—		1,404			—		1,407
Interest expense	3		7		132			—		142
Depreciation and amortization	74		21		1			—		96
Other operating costs (3)	9		1		8			—		18
Stock-based compensation expense	—		1		8			—		9
Other items (4)	3		1		14			—		18
Adjusted EBITDA	$	242	$	71	$	(23	)	$	—	$	290

	Six Months Ended June 30, 2018
(In millions)	Las Vegas		Other U.S.			All Other			Elimination			Caesars
Net income/(loss) attributable to Caesars	$	236	$	(59	)	$	(182	)	$	—		$	(5	)
Net income/(loss) attributable to noncontrolling interests	—		1			(1		)	—			—
Income tax benefit (1)	—		—			(23		)	—			(23		)
Restructuring and support expenses and other (2)	—		(2		)	(227		)	—			(229		)
Interest expense	158		277			229			—			664
Depreciation and amortization	274		242			32			—			548
Other operating costs (3)	29		7			62			1			99
Stock-based compensation expense	4		5			29			—			38
Other items (4)	3		3			44			(1		)	49
Adjusted EBITDA	$	704	$	474		$	(37	)	$	—		$	1,141

	Six Months Ended June 30, 2017
(In millions)	Las Vegas		Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	297	$	63		$	(2,299	)	$	—	$	(1,939	)
Net loss attributable to noncontrolling interests	—		(1		)	—			—		(1		)
Income tax provision (1)	—		—			79			—		79
Restructuring and support expenses and other (2)	3		—			1,868			—		1,871
Interest expense	8		14			267			—		289
Depreciation and amortization	153		42			3			—		198
Other operating costs (3)	15		2			—			—		17
Stock-based compensation expense	1		1			16			—		18
Other items (4)	4		2			27			—		33
Adjusted EBITDA	$	481	$	123		$	(39	)	$	—	$	565

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⁽¹⁾  Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

⁽²⁾  2018 amount primarily represents a change in fair value of our derivative liability related to the conversion option of the CEC Convertible Notes; 2017 amount primarily represents CEC’s costs in connection with the restructuring of CEOC.

⁽³⁾  Amounts primarily represent costs incurred in connection with costs associated with the development activities and reorganization activities, and/or recoveries associated with such items.

⁽⁴⁾  Other items includes other add-backs and deductions to arrive at Adjusted EBITDA but not separately identified such as litigation awards and settlements, costs associated with CEOC’s restructuring and related litigation, severance and relocation costs, sign-on and retention bonuses, permit remediation costs, and business optimization expenses.

Condensed Balance Sheets - By Segment
	June 30, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,100	$	6,660	$	7,401	$	(3,007	)	$	25,154
Total liabilities	5,294		4,990		11,431		133			21,848

Condensed Balance Sheets - By Segment

Condensed Balance Sheets - By Segment
	June 30, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,100	$	6,660	$	7,401	$	(3,007	)	$	25,154
Total liabilities	5,294		4,990		11,431		133			21,848

	December 31, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,145	$	6,865	$	7,458	$	(3,032	)	$	25,436
Total liabilities	5,239		5,012		11,780		108			22,139