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Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Outstanding at End of Period
Outstanding at End of Period
 
March 31, 2017
 
December 31, 2016
 
Quantity (1)
 
Wtd Avg (2)
 
Quantity
 
Wtd Avg (2)
CEC
 
 
 
 
 
 
 
Stock options
9,735,585

 
$
10.29

 
9,820,168

 
$
11.69

Restricted stock units
5,886,330

 
8.00

 
8,447,922

 
7.95

 
Caesars Interactive Entertainment [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Composition of Stock-Based Compensation  
Composition of CIE Stock-Based Compensation Expense
 
Years Ended December 31,
(In millions)
2016
 
2015
 
2014
Property, general, administrative, and other
$
189

 
$
31

 
$
49

Stock Option Activity  
CIE Stock Option Activity
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of December 31, 2015
21,057

 
$
9,584.64

 
7.8

 
 
Granted
377

 
19,166.18

 
 
 
 
Exercised
(909
)
 
2,456.64

 
 
 
 
Forfeited
(248
)
 
11,723.63

 
 
 
 
Canceled concurrent with closing of the SMG Business sale
(20,277
)
 
10,056.24

 
 
 
 
Outstanding as of December 31, 2016

 
$

 

 
$

Stock Option Grants and Exercises  
CIE Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2016
 
2015
 
2014
Options Granted:
 
 
 
 
 
Number of options granted
377

 
10,350

 
1,135

Weighted Average Grant-Date Fair Value per share (1)
$
5,404.93

 
$
4,670.27

 
$
4,717.02

Weighted Average Exercise Price per Share
$
19,166.18

 
$
15,352.49

 
$
9,976.43

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
909

 
1,984

 
3,822

Cash received for options exercised
$
2

 
$
5

 
$
6

Aggregate intrinsic value of options exercised
$
13

 
$
21

 
$
27


____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options. 
Stock Option Grants and Exercises  
CIE Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2016
 
2015
 
2014
Options Granted:
 
 
 
 
 
Number of options granted
377

 
10,350

 
1,135

Weighted Average Grant-Date Fair Value per share (1)
$
5,404.93

 
$
4,670.27

 
$
4,717.02

Weighted Average Exercise Price per Share
$
19,166.18

 
$
15,352.49

 
$
9,976.43

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
909

 
1,984

 
3,822

Cash received for options exercised
$
2

 
$
5

 
$
6

Aggregate intrinsic value of options exercised
$
13

 
$
21

 
$
27


____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options. 
Assumptions Used to Estimate Option Values  
Assumptions Used to Estimate CIE Option Value
 
Years Ended December 31,
 
2016
 
2015
 
2014
Expected range of volatility
40.5% - 44.6%
 
42.9% - 49.4%

 
46.5% - 56.8%

Expected dividend yield
%
 
%
 
%
Expected range of term (in years)
0.8 - 4.2

 
1.5 - 4.7

 
2.4 - 7.1

Risk-free interest rate range
0.5% - 1.2%

 
0.7% - 1.7%

 
0.7% - 2.3%

Restricted Stock Unit Activity  
CIE Restricted Stock Unit Activity
 
Units
 
Wtd Avg Fair Value
Outstanding as of December 31, 2015
4,539

 
$
7,827.24

Granted
103

 
16,452.14

Vested
(277
)
 
11,371.30

Forfeited
(119
)
 
9,543.11

Canceled concurrent with closing of the SMG Business sale
(4,246
)
 
7,757.19

Outstanding as of December 31, 2016

 

Parent [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Composition of Stock-Based Compensation
Composition of Caesars Entertainment Stock-Based Compensation Expense
 
Three Months Ended March 31,
(In millions)
2017
 
2016
Corporate expense
$
7

 
$
8

Property, general, administrative, and other
1

 
2

Total stock-based compensation expense
$
8

 
$
10

Composition of Caesars Entertainment Stock-Based Compensation Expense
 
Years Ended December 31,
(In millions)
2016
 
2015
 
2014
Corporate expense
$
33

 
$
57

 
$
36

Property, general, administrative, and other
5

 
5

 
9

Total stock-based compensation expense
$
38

 
$
62

 
$
45

Stock Option Activity  
Caesars Entertainment Stock Option Activity
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of December 31, 2015
10,638,219

 
$
12.90

 
6.8
 
 
Exercised
(11,101
)
 
5.17

 
 
 
 
Forfeited
(334,184
)
 
13.71

 
 
 
 
Expired
(472,766
)
 
12.45

 
 
 
 
Outstanding as of December 31, 2016
9,820,168

 
$
11.69

 
6.2
 
$
2

Vested and expected to vest as of December 31, 2016
9,820,168

 
$
11.69

 
6.2
 
$
2

Exercisable as of December 31, 2016
7,361,410

 
$
9.70

 
5.9
 
$
2

Stock Option Grants and Exercises  
Caesars Entertainment Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2016
 
2015
 
2014
Options Granted:
 
 
 
 
 
Number of options granted

 
1,844,332

 
1,500,770

Weighted Average Grant-Date Fair Value per share (1)
$

 
$
3.38

 
$
10.27

Weighted Average Exercise Price per Share (1)
$

 
$
10.04

 
$
21.18

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
11,101

 
58,700

 
317,703

Cash received for options exercised (2)
$

 
$

 
$
3

Aggregate intrinsic value of options exercised (2)
$

 
$

 
$
2

____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.
(2) 
2016 and 2015 amounts are immaterial.
Stock Option Grants and Exercises  
Caesars Entertainment Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2016
 
2015
 
2014
Options Granted:
 
 
 
 
 
Number of options granted

 
1,844,332

 
1,500,770

Weighted Average Grant-Date Fair Value per share (1)
$

 
$
3.38

 
$
10.27

Weighted Average Exercise Price per Share (1)
$

 
$
10.04

 
$
21.18

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
11,101

 
58,700

 
317,703

Cash received for options exercised (2)
$

 
$

 
$
3

Aggregate intrinsic value of options exercised (2)
$

 
$

 
$
2

____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.
(2) 
2016 and 2015 amounts are immaterial.
Assumptions Used to Estimate Option Values  
Caesars Entertainment Assumptions Used to Estimate Option Values
 
Years Ended December 31,
 
2016
 
2015
 
2014
Expected volatility
 
42.0
%
 
52.1
%
Expected dividend yield
 
%
 
%
Expected term (in years)
 
5.7

 
5.5

Risk-free interest rate
 
1.6
%
 
1.7
%
Restricted Stock Unit Activity  
 
Units
 
Wtd Avg Fair Value
Outstanding as of December 31, 2015
6,329,435

 
$
12.06

Granted
6,101,421

 
6.35

Vested
(3,075,606
)
 
12.78

Forfeited
(907,328
)
 
9.50

Outstanding as of December 31, 2016
8,447,922

 
7.95

Caesars Interactive Entertainment [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Composition of Stock-Based Compensation
Composition of CIE Stock-Based Compensation Expense
 
Three Months Ended March 31,
(In millions)
2017
 
2016
Property, general, administrative, and other
$

 
$
13