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Earnings Per Share (Notes)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block] Earnings Per Share
Basic earnings per share (“EPS”) is computed by dividing the applicable income amounts by the weighted-average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing the applicable income amounts by the sum of weighted-average number of shares of common stock outstanding and dilutive potential common stock.
For a period in which Caesars generated a net loss, the weighted-average basic shares outstanding was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.
Basic and Dilutive Net Earnings Per Share Reconciliation
 
Years Ended December 31,
(In millions, except per share data)
2018
 
2017
 
2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes
$
303

 
$
(368
)
 
$
(6,429
)
Income from discontinued operations attributable to Caesars, net of income taxes

 

 
3,380

Net income/(loss) attributable to Caesars
303

 
(368
)
 
(3,049
)
Dilutive effect of CEC Convertible Notes, net of tax
42

 

 

Adjusted net income/(loss) attributable to Caesars
$
345

 
$
(368
)
 
$
(3,049
)
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
686

 
279

 
146

Dilutive potential common shares: Stock-based compensation awards
4

 

 

Dilutive potential common shares: CEC Convertible Notes
151

 

 

Weighted-average common shares outstanding - diluted
841

 
279

 
146

 
 
 
 
 
 
Basic earnings/(loss) per share from continuing operations
$
0.44

 
$
(1.32
)
 
$
(43.96
)
Basic earnings per share from discontinued operations

 

 
23.11

Basic earnings/(loss) per share
$
0.44

 
$
(1.32
)
 
$
(20.85
)
 
 
 
 
 
 
Diluted earnings/(loss) per share from continuing operations
$
0.41

 
$
(1.32
)
 
$
(43.96
)
Diluted earnings per share from discontinued operations

 

 
23.11

Diluted earnings/(loss) per share
$
0.41

 
$
(1.32
)
 
$
(20.85
)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
 
Years Ended December 31,
(In millions)
2018
 
2017
 
2016
Stock-based compensation awards
11

 
21

 
19

CEC Convertible Notes

 
36

 

Total anti-dilutive common stock
11

 
57

 
19