XML 127 R90.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition Revenue Recognition - Effect of Adopting New Revenue Recognition Standard (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Receivables, net $ 457       $ 494       $ 457 $ 494 $ 167  
Property and equipment, net (1) [1] 16,045       16,154 [2]       16,045 16,154 [2]    
Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs) [3] 1,217       1,326       1,217 1,326    
Contract liabilities [3] 144       129       144 129    
Financing obligations [1] 10,057       9,355       10,057 9,355    
Deferred credits and other liabilities 849       1,474       849 1,474    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3,338       3,297       3,338 3,297 (1,607) $ 2,042
Revenue from Contract with Customer, Including Assessed Tax 2,115 $ 2,185 $ 2,119 $ 1,972 1,901 $ 993 $ 1,008 $ 966 8,391 4,868 3,877  
Promotional allowance                   0 0  
Selling, General and Administrative Expense                 1,761 1,124 1,147  
Other Cost of Operating Revenue                 202 48 0  
Depreciation, Depletion and Amortization, Nonproduction                 1,145 626 439  
Corporate expense                 332 202 194  
Other Cost and Expense, Operating                 155 [4] 65 [4] 91 [5]  
Total operating expenses                 7,652 4,331 3,651  
Income from operations 100 232 282 125 154 84 149 150 739 537 226  
Interest expense                 (1,346) (773) (599)  
Deconsolidation, Gain (Loss), Amount                 0 31 0  
Restructuring Charges                 0 (2,028) (5,729)  
Gain (Loss) on Extinguishment of Debt                 (1) (232) 0  
Other Nonoperating Income (Expense)                 791 [4] 95 [4] (29)  
Income (loss) from continuing operations before income taxes, Noncontrolling Interest                 183 (2,370) (6,131)  
Income Tax Expense (Benefit) [6],[7]                 121 1,995 (327)  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 304 (375) (6,458)  
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 0 0 3,380  
Net income/(loss) 198 111 29 (34) 2,004 (439) (1,432) (508) 304 (375) (3,078)  
Net Income (Loss) Attributable to Noncontrolling Interest                 (1) 7 29  
Net Income (Loss) Attributable to Parent $ 198 $ 110 $ 29 $ (34) 2,004 $ (433) $ (1,432) $ (507) 303 (368) (3,049)  
Adjustments for New Accounting Pronouncement [Member]                        
Receivables, net         (2)         (2)    
Property and equipment, net (1) [1]         (74)         (74)    
Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs) [3]         (133)         (133)    
Contract liabilities [3]         129         129    
Financing obligations [1]         (74)         (74)    
Deferred credits and other liabilities         1         1    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest         1         1 2 3
Previously Reported [Member]                        
Receivables, net         496         496    
Property and equipment, net (1) [1]         16,228         16,228    
Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs) [3]         1,459         1,459    
Contract liabilities [3]         0         0    
Financing obligations [1]         9,429         9,429    
Deferred credits and other liabilities         1,473         1,473    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest         $ 3,296         3,296 (1,609) $ 2,039
Net revenues                   4,852 3,877  
Promotional allowance                   (679) (538)  
Selling, General and Administrative Expense                   1,133 1,166  
Other Cost of Operating Revenue                   48 0  
Depreciation, Depletion and Amortization, Nonproduction                   628 439  
Corporate expense                   204 194  
Other Cost and Expense, Operating                   64 91  
Total operating expenses                   4,320 3,650  
Income from operations                   532 227  
Interest expense                   (774) (599)  
Deconsolidation, Gain (Loss), Amount                   30 0  
Restructuring Charges                   (2,028) (5,729)  
Gain (Loss) on Extinguishment of Debt                   (232) 0  
Other Nonoperating Income (Expense)                   95 (29)  
Income (loss) from continuing operations before income taxes, Noncontrolling Interest                   (2,377) (6,130)  
Income Tax Expense (Benefit)                   1,995 (327)  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                   (382) (6,457)  
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                   0 3,380  
Net income/(loss)                   (382) (3,077)  
Net Income (Loss) Attributable to Noncontrolling Interest                   7 29  
Net Income (Loss) Attributable to Parent                   (375) (3,048)  
Casino [Member]                        
Revenue from Contract with Customer, Including Assessed Tax                 4,247 2,168 1,608  
Direct Operating Costs                 (2,393) (1,213) (890)  
Casino [Member] | Previously Reported [Member]                        
Net revenues                   2,865 2,177  
Direct Operating Costs                   (1,521) (1,128)  
Food and Beverage [Member]                        
Revenue from Contract with Customer, Including Assessed Tax                 1,574 982 822  
Direct Operating Costs                 (1,106) (693) (572)  
Food and Beverage [Member] | Previously Reported [Member]                        
Net revenues                   938 788  
Direct Operating Costs                   (446) (383)  
Occupancy [Member]                        
Revenue from Contract with Customer, Including Assessed Tax                 1,519 1,074 950  
Direct Operating Costs                 (480) (360) (318)  
Occupancy [Member] | Previously Reported [Member]                        
Net revenues                   1,054 923  
Direct Operating Costs                   (276) (249)  
License and Service [Member]                        
Revenue from Contract with Customer, Including Assessed Tax                 60 12 0  
License and Service [Member] | Previously Reported [Member]                        
Net revenues                   626 527  
Product and Service, Other [Member]                        
Net revenues                 161 179 178  
Revenue from Contract with Customer, Including Assessed Tax                 789 584 497  
Product and Service, Other [Member] | Previously Reported [Member]                        
Net revenues                   0 0  
Service, Other [Member]                        
Revenue from Contract with Customer, Including Assessed Tax                 $ 202 48 0  
Service, Other [Member] | Previously Reported [Member]                        
Net revenues                   $ 48 $ 0  
[1] The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a 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] (1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3] Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.
[4] (2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[5] (3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[6] (1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[7] (1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.