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Debt (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Summary of Debt
 
June 30, 2019
 
December 31, 2018
(Dollars in millions)
Final
Maturity
 
Rates
 
Face Value
 
Book Value
 
Book Value
Secured debt
 
 
 
 
 
 
CRC Revolving Credit Facility
2022
 
variable (1)
 
$
—

 
$
—

 
$
100

CRC Term Loan
2024
 
variable (2)
 
4,630

 
4,559

 
4,577

CEOC LLC Revolving Credit Facility
2022
 
variable (3)
 
—

 
—

 
—

CEOC LLC Term Loan
2024
 
variable (3)
 
1,478

 
1,476

 
1,483

Unsecured debt
 
 
 
 
 
 
CEC Convertible Notes
2024
 
5.00%
 
1,083

 
1,083

 
1,083

CRC Notes
2025
 
5.25%
 
1,700

 
1,669

 
1,668

Special Improvement District Bonds
2037
 
4.30%
 
53

 
53

 
54

Total debt
 
8,944

 
8,840

 
8,965

Current portion of long-term debt
 
(64
)
 
(64
)
 
(164
)
Long-term debt
 
$
8,880

 
$
8,776

 
$
8,801

 
 
 
 
 
 
 
Unamortized discounts and deferred finance charges
 
 
 
$
104

 
$
110

Fair value
 
$
8,850

 
 
 
 
____________________
(1) 
London Interbank Offered Rate (“LIBOR”) plus 2.13%.
(2) 
LIBOR plus 2.75%.
(3) 
LIBOR plus 2.00%.
Schedule of Maturities of Long-term Debt [Table Text Block]
Annual Estimated Debt Service Requirements as of June 30, 2019
 
Remaining
 
Years Ended December 31,
 
 
 
 
(In millions)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Annual maturities of long-term debt
$
33

 
$
64

 
$
64

 
$
64

 
$
64

 
$
8,655

 
$
8,944

Estimated interest payments
230

 
440

 
430

 
420

 
400

 
500

 
2,420

Total debt service obligation (1)
$
263

 
$
504

 
$
494

 
$
484

 
$
464

 
$
9,155

 
$
11,364

___________________
(1) 
Debt principal payments are estimated amounts based on maturity dates and borrowings under our revolving credit facilities, if any. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated impact of the ten interest rate swap agreements (see Note 6). Actual payments may differ from these estimates.