Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Composition of Stock-Based Compensation Expense

Composition of Stock-Based Compensation Expense
	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2019		2018		2019		2018
Corporate expense	$	17	$	15	$	33	$	28
Property, general, administrative, and other	5		5		10		10
Total stock-based compensation expense	$	22	$	20	$	43	$	38

Stock Option and Restricted Stock Unit Activity

Outstanding at End of Period
	June 30, 2019			December 31, 2018
	Quantity	Wtd-Avg (1)		Quantity	Wtd-Avg (1)
Stock options (2)	4,630,562	$	12.50	8,360,365	$	10.63
Restricted stock units (3)	12,182,988	11.12		13,455,092	11.51
Performance stock units (4)	1,712,055	11.82		1,466,183	6.79
Market-based stock units (5)	533,424	12.63		—	—

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⁽¹⁾  Represents weighted-average exercise price for stock options, weighted-average grant date fair value for RSUs, the price of CEC common stock as of the balance sheet date until a grant date is achieved for PSUs and the fair value of the MSUs determined using the Monte-Carlo simulation model.

⁽²⁾  During the six months ended June 30, 2019, there were no grants of stock options and 3.7 million stock options were exercised.

⁽³⁾  During the six months ended June 30, 2019, 5.1 million RSUs were granted under the 2017 PIP and 4.7 million RSUs vested.

⁽⁴⁾  During the six months ended June 30, 2019, 975 thousand PSUs were granted under the 2017 PIP and 459 thousand PSUs vested.

⁽⁵⁾ 

During the six months ended June 30, 2019, 703 thousand MSUs were granted under the 2017 PIP and no MSUs vested.