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Goodwill and Intangible Assets, net (Tables) | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Other Intangible Assets, Net |
|  |  | Non-Amortizing Intangible Assets
(In millions) | Amortizing Intangible Assets |  | Goodwill |  | Other
December 31, 2019 | $ | 53 |  |  | $ | 910 |  |  | $ | 1,058 |
Amortization | (35) |  |  | — |  |  | — |
Impairments | — |  |  | (100) |  |  | (20) |
Acquired (a) | 488 |  |  | 8,649 |  |  | 3,081 |
Assets held for sale (see Note 4) | (5) |  |  | (9) |  |  | (154) |
September 30, 2020 | $ | 501 |  |  | $ | 9,450 |  |  | $ | 3,965 |
____________________ (a)Includes intangible assets and goodwill acquired upon Merger and $20 million of acquisition of gaming rights. See Note 2 and Note 13 for further detail.
Schedule of Finite-Lived Intangible Assets |
| September 30, 2020 |  | December 31, 2019
(Dollars in millions) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 3 - 7 years |  | $ | 488 |  |  | $ | (71) |  |  | $ | 417 |  |  | $ | 101 |  |  | $ | (48) |  |  | $ | 53 |
Gaming rights and others | 34.2 years |  | 84 |  |  | — |  |  | 84 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 572 |  |  | $ | (71) |  |  | 501 |  |  | $ | 101 |  |  | $ | (48) |  |  | 53 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  | 2,202 |  |  |  |  |  |  | 165 |
Gaming rights |  |  |  |  |  |  | 1,223 |  |  |  |  |  |  | 893 |
Caesars Rewards |  |  |  |  |  |  | 540 |  |  |  |  |  |  | — |
|  |  |  |  |  |  | 3,965 |  |  |  |  |  |  | 1,058 |
Total amortizing and non-amortizing intangible assets, net |  |  | $ | 4,466 |  |  |  |  |  |  | $ | 1,111 |
Schedule of Indefinite-Lived Intangible Assets |
| September 30, 2020 |  | December 31, 2019
(Dollars in millions) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 3 - 7 years |  | $ | 488 |  |  | $ | (71) |  |  | $ | 417 |  |  | $ | 101 |  |  | $ | (48) |  |  | $ | 53 |
Gaming rights and others | 34.2 years |  | 84 |  |  | — |  |  | 84 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 572 |  |  | $ | (71) |  |  | 501 |  |  | $ | 101 |  |  | $ | (48) |  |  | 53 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  | 2,202 |  |  |  |  |  |  | 165 |
Gaming rights |  |  |  |  |  |  | 1,223 |  |  |  |  |  |  | 893 |
Caesars Rewards |  |  |  |  |  |  | 540 |  |  |  |  |  |  | — |
|  |  |  |  |  |  | 3,965 |  |  |  |  |  |  | 1,058 |
Total amortizing and non-amortizing intangible assets, net |  |  | $ | 4,466 |  |  |  |  |  |  | $ | 1,111 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated Five-Year Amortization |  |  |  |  |  |  |  |  |  |  |
|  |  | Years Ended December 31,
(In millions) | Remaining 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025
Estimated annual amortization expense | $ | 20 |  |  | $ | 78 |  |  | $ | 64 |  |  | $ | 60 |  |  | $ | 60 |  |  | $ | 60 |

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