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Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill and Other Intangible Assets
Changes in Carrying Value of Goodwill and Other Intangible Assets
 
Amortizing Intangible Assets
 
Non-Amortizing Intangible Assets
(In millions)
 
Goodwill
 
Other
Balance as of December 31, 2018
$
342

 
$
4,044

 
$
2,635

Amortization
(36
)
 
—

 
—

Impairments
—

 
—

 
(50
)
Transferred to assets held for sale
(1
)
 
(5
)
 
(10
)
Balance as of June 30, 2019
$
305

 
$
4,039

 
$
2,575
Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets Other Than Goodwill
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
 
June 30, 2019
 
December 31, 2018
(Dollars in millions)
Weighted
Average
Remaining
Useful Life
(in years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names and trademarks
1.5
 
$
14

 
$
(5
)
 
$
9

 
$
14

 
$
(3
)
 
$
11

Customer relationships
4.0
 
1,070

 
(788
)
 
282

 
1,071

 
(756
)
 
315

Contract rights
5.5
 
3

 
(2
)
 
1

 
3

 
(2
)
 
1

Gaming rights and other
5.0
 
43

 
(30
)
 
13

 
43

 
(28
)
 
15

 
 
 
$
1,130

 
$
(825
)
 
305

 
$
1,131

 
$
(789
)
 
342

Non-amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
787

 
 
 
 
 
790

Gaming rights
 
1,535

 
 
 
 
 
1,592

Caesars Rewards
 
253

 
 
 
 
 
253

 
 
2,575

 
 
 
 
 
2,635

Total intangible assets other than goodwill
 
$
2,880

 
 
 
 
 
$
2,977

During the three months ended June 30, 2019, we recognized an impairment charge of $50 million related to gaming rights due to a decline in recent performance and downgraded expectations for future cash flows at the properties of our subsidiary Caesars Entertainment UK (“CEUK”). We used the “Excess Earnings Method” for estimating the fair value.
Gross Carrying Value and Accumulated Amortization of Indefinite-Lived Intangible Assets Other Than Goodwill
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
 
June 30, 2019
 
December 31, 2018
(Dollars in millions)
Weighted
Average
Remaining
Useful Life
(in years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names and trademarks
1.5
 
$
14

 
$
(5
)
 
$
9

 
$
14

 
$
(3
)
 
$
11

Customer relationships
4.0
 
1,070

 
(788
)
 
282

 
1,071

 
(756
)
 
315

Contract rights
5.5
 
3

 
(2
)
 
1

 
3

 
(2
)
 
1

Gaming rights and other
5.0
 
43

 
(30
)
 
13

 
43

 
(28
)
 
15

 
 
 
$
1,130

 
$
(825
)
 
305

 
$
1,131

 
$
(789
)
 
342

Non-amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
787

 
 
 
 
 
790

Gaming rights
 
1,535

 
 
 
 
 
1,592

Caesars Rewards
 
253

 
 
 
 
 
253

 
 
2,575

 
 
 
 
 
2,635

Total intangible assets other than goodwill
 
$
2,880

 
 
 
 
 
$
2,977

During the three months ended June 30, 2019, we recognized an impairment charge of $50 million related to gaming rights due to a decline in recent performance and downgraded expectations for future cash flows at the properties of our subsidiary Caesars Entertainment UK (“CEUK”). We used the “Excess Earnings Method” for estimating the fair value.