Earnings Per Share (Notes)

6 Months Ended

Jun. 30, 2019

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 EPS 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
	Three Months Ended June 30,					Six Months Ended June 30,
(In millions, except per share data)	2019			2018		2019			2018
Net income/(loss) attributable to Caesars	$	(315	)	$	29	$	(532	)	$	(5	)
Weighted-average common shares outstanding - basic	673			698		672			697
Dilutive potential common shares: Stock-based compensation awards	—			4		—			—
Weighted-average common shares outstanding - diluted	673			702		672			697
Basic and diluted earnings/(loss) per share	$	(0.47	)	$	0.04	$	(0.79	)	$	(0.01	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2019	2018	2019	2018
Stock-based compensation awards	23	1	23	27
CEC Convertible Notes	151	150	151	150
Total anti-dilutive common stock	174	151	174	177