Litigation, Contractual Commitments, and Contingent Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of accrued expenses and other current liabilities and deferred credits and other liabilities

The following table summarizes the assets classified as held for sale.

(In millions)	September 30, 2019
Intangible assets other than goodwill	$	11
Property and equipment, net	505
Fair value of assets held for sale	516
Estimated costs to sell	(6		)
Assets held for sale	$	510

The following table summarizes assets and liabilities classified as held for sale.

(In millions)	September 30, 2019
Cash and cash equivalents	$	5
Property and equipment, net	24
Goodwill	5
Intangible assets other than goodwill	10
Other	2
Assets held for sale	$	46
Current liabilities	$	4
Deferred credits and other liabilities	3
Liabilities held for sale included in Accrued expenses and other current liabilities	$	7

As of September 30, 2019 and December 31, 2018, exit costs were included in Accrued expenses and other current liabilities and Deferred credits and other liabilities on the accompanying Balance Sheets for accruals related to the following:

(In millions)	Accrual Obligation End Date	September 30, 2019		December 31, 2018
Future obligations under land lease agreements (1)(2)	December 2092	$	—	$	43
Iowa greyhound pari-mutuel racing fund	January 2022	25		33
Permanent closure of Alea Leeds (2)	January 2032	—		10
Unbundling of electric service provided by NV Energy	February 2024	52		58
Total		$	77	$	144

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⁽¹⁾  Associated with the abandonment of a construction project near the Mississippi Gulf Coast.

⁽²⁾ 

As a result of the adoption of ASC 842, as of January 1, 2019, accruals associated with future obligations for leases not in use have been applied against the carrying amount of the ROU assets. See Note 7.