Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Pension Plan Participation and Contribution Summary

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status (1)

Contributions (In millions) (2)

Pension Fund

EIN/Pension Plan Number

2018

2017

FIP/RP Status (3)

2018

2017

2016

Surcharge Imposed

Expiration Date of Collective-Bargaining Agreement (4)

Southern Nevada Culinary and Bartenders Pension Plan (5)

88-6016617/001

Green

Green

No

$

25

$

19

$

16

No

May 31, 2023

Legacy Plan of the National Retirement Fund (5)(6)

13-6130178/001

N/A

Red

N/A

—

9

5

N/A

N/A

Legacy Plan of the UNITE HERE Retirement Fund (6)

82-0994119/001

Red

N/A

Yes

15

—

—

No

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers (7)

36-6052390/001

Green

Green

No

6

5

5

No

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Green

No

5

4

4

No

Various up to March 31, 2023

Local 68 Engineers Union Pension Plan (5)(8)(9)

51-0176618/001

Yellow

Yellow

No

1

1

—

No

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yellow

Yes

—

—

—

No

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yellow

Yes

1

1

1

No

Various up to June 30, 2021

Other Funds

2

1

2

Total Contributions

$

55

$

40

$

33

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⁽¹⁾  Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and less than 80% funded, and plans in the green zone are at least 80% funded. All plans detailed in the table above utilized extended amortization provisions to calculate zone status.

⁽²⁾  Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.

⁽³⁾  Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.

⁽⁴⁾  The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.

⁽⁵⁾  Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.

⁽⁶⁾  Effective January 1, 2018, the Legacy Plan of the National Retirement Fund (“NRF”) spun-off a portion of the plan into the newly created Legacy Plan of the UNITE HERE Retirement Fund (“HERE Plan”). CEC contributes to the HERE Plan and we expect to provide more than 5% of the total contributions for the plan year ended 2018, but the Form 5500 is not yet available. CEC no longer contributes to the NRF.

⁽⁷⁾  Plan years begin February 1.

⁽⁸⁾  Plan years begin July 1.

⁽⁹⁾  The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.