XML 82 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Composition of Stock-Based Compensation
Composition of Stock-Based Compensation Expense (All Plans)
 
Years Ended December 31,
(In millions)
2018
 
2017
 
2016 (1)
Corporate expense
$
60

 
$
36

 
$
37

Property, general, administrative, and other
19

 
7

 
195

Total stock-based compensation expense
$
79

 
$
43

 
$
232


____________________
(1) 
Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.
Caesars Interactive Entertainment [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Grants and Exercises
____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options. 
Assumptions Used to Estimate CIE Option Value
 
Year Ended December 31, 2016
Expected range of volatility
40.5% - 44.6%

Expected dividend yield
—
%
Expected range of term (in years)
0.8 - 4.2

Risk-free interest rate range
0.5% - 1.2%
Assumptions Used to Estimate Option Value
Assumptions Used to Estimate CIE Option Value
 
Year Ended December 31, 2016
Expected range of volatility
40.5% - 44.6%

Expected dividend yield
—
%
Expected range of term (in years)
0.8 - 4.2

Risk-free interest rate range
0.5% - 1.2%
Parent [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity
Caesars Entertainment Stock Option Activity
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of December 31, 2017
9,227,890

 
$
10.36

 
3.9
 
$
35

Exercised
(746,332
)
 
7.58

 
 
 
 
Forfeited
(46,519
)
 
8.64

 
 
 
 
Expired
(74,674
)
 
9.97

 
 
 
 
Outstanding as of December 31, 2018
8,360,365

 
10.63

 
2.8
 
—

Vested and expected to vest as of December 31, 2018
8,360,365

 
10.63

 
2.8
 
—

Exercisable as of December 31, 2018
7,338,503

 
9.12

 
2.7
 
—
Restricted Stock Activity
 
Units
 
Weighted Average Fair Value (1)
Outstanding as of December 31, 2017
17,274,659

 
$
11.22

Granted
4,177,558

 
10.93

Vested
(6,550,480
)
 
10.36

Forfeited
(1,446,645
)
 
11.59

Outstanding as of December 31, 2018
13,455,092

 
11.51

____________________
(1) 
Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.
Stock Option Grants and Exercises
Caesars Entertainment Stock Option Exercises
 
Years Ended December 31,
(Dollars in millions)
2018
 
2017
 
2016
Option Exercises:
 
 
 
 
 
Number of options exercised
746,332

 
1,249,640

 
11,101

Cash received for options exercised (1)
$
6

 
$
8

 
$
—

Aggregate intrinsic value of options exercised (1)
$
3

 
$
7

 
$
—


____________________
(1) 
2016 amounts are immaterial.
Performance Shares Activity
 
Units
 
Weighted Average Fair Value (1)
Outstanding as of December 31, 2017
—

 
$
—

Granted
1,569,801

 
10.78

Forfeited
(103,618
)
 
10.80

Outstanding as of December 31, 2018
1,466,183

 
6.79

____________________
(1) 
Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.