Deferred Compensation and Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Pension Plan Participation and Contribution Summary

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status ⁽¹⁾

Contributions

(In millions) ⁽²⁾

Pension Fund

EIN/Pension Plan Number

2019

2018

FIP/RP Status ⁽³⁾

2019

2018

2017

Surcharge Imposed

Expiration Date of Collective Bargaining Agreement ⁽⁴⁾

Southern Nevada Culinary and Bartenders Pension Plan⁽⁵⁾

88-6016617/001

Green

May 31, 2023

Legacy Plan of the National Retirement Fund ⁽⁶⁾⁽⁸⁾

13-6130178/001

N/A

—

N/A

Adjustable plan of the National Retirement Fund ⁽⁷⁾

13-6130178/002

N/A

Legacy Plan of the UNITE HERE Retirement Fund ⁽⁵⁾⁽⁸⁾

82-0994119/001

Red

Yes

—

February 29, 2020

Adjustable Plan of the UNITE HERE Retirement Fund ⁽⁵⁾⁽⁹⁾

82-0994119/002

Green

N/A

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers ⁽¹⁰⁾

36-6052390/001

Green

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Various up to March 31, 2024

Local 68 Engineers Union Pension Plan^(5)(11)

51-0176618/001

Yellow

Yes

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yes

—

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yes

Various up to June 30, 2021

Other Funds

Total Contributions

____________________

⁽¹⁾

Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and less than 80% funded, and plans in the green zone are at least 80% funded. All plans detailed in the table above utilized extended amortization provisions to calculate zone status.


⁽²⁾	Comparability to periods prior to the Effective Date are affected by the consolidation of CEOC LLC in 2017.


⁽³⁾	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.


⁽⁴⁾	The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.


⁽⁵⁾	Employer provided more than 5% of the total contributions for the plan years ended 2018 and 2017. As of the date the financial statements were issued, Forms 5500 were not available for the 2019 plan year.


⁽⁶⁾	CEC contributed to the National Retirement Fund (“NRF”) under multiple collective bargaining agreements (“CBAs”). Effective January 1, 2015, the NRF split into two separate plans, the Legacy Plan of the NRF and the Adjustable Plan of the NRF.


⁽⁷⁾	CEC contributes a single contribution to the NRF, the Trustees of which allocate such contribution between the two plans. The contribution amount reflected to the Legacy Plan is the aggregate contribution made to the NRF before such allocation between the Legacy Plan and the Adjustable Plan.


⁽⁸⁾	Effective January 1, 2018, the NRF Fund spun-off a portion of the Fund and a number of contributing employers, including CEC, into a new multiemployer pension fund, the HEREIU Pension Fund. The HEREIU Pension Fund consists of two separate plans, the Legacy Plan of the HEREIU Pension Fund and the Adjustable Plan of the HEREIU Pension Fund. CEC no longer contributes to the NRF.


⁽⁹⁾	CEC makes a single contribution to the HEREIU Pension Fund, the Trustees of which allocate such contribution between the Legacy Plan and the Adjustable Plan. The contribution amount reflected to the Legacy Plan is the aggregate contribution made to the HEREIU Pension Fund before such allocation between the Legacy Plan and the Adjustable Plan.


⁽¹⁰⁾	Plan years begin February 1.


⁽¹¹⁾	Plan years begin July 1.