XML 43 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Assets Held for Sale (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets and Liabilities Held for Sale, Accounted Carrying Value Lower than Fair Value and Information of Net Operating Revenues and Net Income (Loss) | The assets and liabilities held for sale, accounted for at carrying value as it was lower than fair value, were as follows as of September 30, 2020:
| September 30, 2020
(In millions) | Shreveport |  | MontBleu |  | Evansville |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Property and equipment, net | $ | 85 |  |  | $ | 37 |  |  | $ | 302 |  |  |  |  |
Goodwill | — |  |  | — |  |  | 9 |  |  |  |  |
Gaming licenses and other intangibles, net | 21 |  |  | — |  |  | 138 |  |  |  |  |
Other assets, net | 15 |  |  | 32 |  |  | 48 |  |  |  |  |
Assets held for sale | $ | 121 |  |  | $ | 69 |  |  | $ | 497 |  |  |  |  |
Current liabilities | $ | 21 |  |  | $ | 72 |  |  | $ | 36 |  |  |  |  |
Liabilities related to assets held for sale | $ | 21 |  |  | $ | 72 |  |  | $ | 36 |  |  |  |  |
The following information presents the net revenues and net (loss) income for the Company’s properties that are held for sale:
| Three Months Ended September 30, 2020
(In millions) | Shreveport |  | MontBleu |  | Evansville
Net revenues | $ | 21 |  |  | $ | 11 |  |  | $ | 31 |
Net (loss) income | 7 |  |  | (3) |  |  | 1 |
| Nine Months Ended September 30, 2020
(In millions) | Shreveport |  | MontBleu |  | Evansville
Net revenues | $ | 51 |  |  | $ | 23 |  |  | $ | 71 |
Net (loss) income | 8 |  |  | (43) |  |  | (7) |
The following information presents the net revenues and net (loss) income of Kansas City and Vicksburg properties for the three and nine months ended September 30, 2020:
| Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
(In millions) | Kansas City |  | Vicksburg |  | Kansas City |  | Vicksburg
Net revenues | $ | — |  |  | $ | — |  |  | $ | 18 |  |  | $ | 7 |
Net (loss) income | 1 |  |  | — |  |  | 3 |  |  | (1) |
The following information presents the net revenues and net (loss) income of held for sale properties for the three and nine months ended September 30, 2019:
| Three Months Ended September 30, 2019
(In millions) | Mountaineer |  | Cape Girardeau |  | Caruthersville |  | Kansas City |  | Vicksburg |  | Presque |  | Nemacolin
Net revenues | $ | 33 |  |  | $ | 14 |  |  | $ | 9 |  |  | $ | 15 |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |
Net income | 3 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |
| Nine Months Ended September 30, 2019
(In millions) | Mountaineer |  | Cape Girardeau |  | Caruthersville |  | Kansas City |  | Vicksburg |  | Presque |  | Nemacolin
Net revenues | $ | 96 |  |  | $ | 44 |  |  | $ | 26 |  |  | $ | 48 |  |  | $ | 16 |  |  | $ | 3 |  |  | $ | 5 |
Net (loss) income | 7 |  |  | 6 |  |  | 5 |  |  | 8 |  |  | (1) |  |  | — |  |  | (1) |
The assets and liabilities held for sale, accounted for at carrying value as it was lower than fair value, were as follows as of December 31, 2019:
| December 31, 2019
(In millions) | Kansas City |  | Vicksburg |  | Total
Assets: |  |  |  |  |
Property and equipment, net | $ | 39 |  |  | $ | 31 |  |  | $ | 70 |
Goodwill | 40 |  |  | 9 |  |  | 49 |
Gaming licenses and other intangibles, net | 91 |  |  | 3 |  |  | 94 |
Other assets, net | 36 |  |  | 4 |  |  | 40 |
Assets held for sale | $ | 206 |  |  | $ | 47 |  |  | $ | 253 |
Current liabilities | $ | 3 |  |  | $ | 2 |  |  | $ | 5 |
Other long-term liabilities | 33 |  |  | — |  |  | 33 |
Liabilities related to assets held for sale | $ | 36 |  |  | $ | 2 |  |  | $ | 38 |
The following information presents the net revenues and net (loss) income for the Company’s properties that are part of discontinued operations for the three months ended September 30, 2020:
| Three Months Ended September 30, 2020
(In millions) | Harrah’s Louisiana Downs |  | Harrah’s Reno |  | Horseshoe Hammond |  | Caesars UK |  | Bally’s AC |  | Caesars Southern Indiana
Net revenues | $ | 9 |  |  | $ | — |  |  | $ | 66 |  |  | $ | 11 |  |  | $ | 31 |  |  | $ | 39 |
Net (loss) income | 2 |  |  | (4) |  |  | 9 |  |  | (11) |  |  | 5 |  |  | 1 |
The assets and liabilities held for sale as a discontinued operation, accounted for at carrying value as it was lower than fair value, were as follows as of September 30, 2020:
| September 30, 2020
(In millions) | Harrah’s Louisiana Downs |  | Horseshoe Hammond |  | Caesars UK |  | Bally’s AC |  | Caesars Southern Indiana
Assets: |  |  |  |  |  |  |  |  |
Cash | $ | 9 |  |  | $ | 14 |  |  | $ | 36 |  |  | $ | 10 |  |  | $ | 7 |
Property and equipment, net | 11 |  |  | 404 |  |  | 69 |  |  | 25 |  |  | 413 |
Goodwill | 3 |  |  | 138 |  |  | 35 |  |  | — |  |  | 136 |
Gaming licenses and other intangibles, net | 5 |  |  | 30 |  |  | 50 |  |  | — |  |  | 23 |
Other assets, net | 1 |  |  | 43 |  |  | 107 |  |  | 6 |  |  | 4 |
Assets held for sale | $ | 29 |  |  | $ | 629 |  |  | $ | 297 |  |  | $ | 41 |  |  | $ | 583 |
Current liabilities | $ | 6 |  |  | $ | 34 |  |  | $ | 89 |  |  | $ | 14 |  |  | $ | 20 |
Other long-term liabilities (a) | 6 |  |  | 73 |  |  | 125 |  |  | 20 |  |  | 1 |
Liabilities related to assets held for sale | $ | 12 |  |  | $ | 107 |  |  | $ | 214 |  |  | $ | 34 |  |  | $ | 21 |
____________________ (a)We have included $25 million of deferred finance obligation as held for sale liabilities for Bally’s Atlantic City and Louisiana Downs, which represent our preliminary purchase price allocation of the liability which will be derecognized upon completion of those divestitures. We have not included any portion of the deferred finance obligation associated with Horseshoe Hammond or Caesars Southern Indiana as held for sale as we do not yet have any sale agreements in place or know the effect of any possible master lease modification on our deferred finance lease liability.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration