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Goodwill and Intangible Assets, net (Tables) | 12 Months Ended
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Dec. 31, 2021
Other And Intangible Assets Net Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill |
Changes in Carrying Value of Goodwill by Segment |  |  |  |  |  |  |  |
(In millions) | Las Vegas |  | Regional |  | Caesars Digital |  | Managed and Branded |  | CEI Total
Gross Goodwill: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2020 | $ | — |  |  | $ | 922 |  |  | $ | — |  |  | $ | — |  |  | $ | 922 |
Transferred to assets held for sale | — |  |  | (18) |  |  | — |  |  | — |  |  | (18) |
Acquired (a) | 6,873 |  |  | 2,141 |  |  | 50 |  |  | — |  |  | 9,064 |
Balance as of December 31, 2020 | 6,873 |  |  | 3,045 |  |  | 50 |  |  | — |  |  | 9,968 |
Accumulated Impairment: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2020 | — |  |  | (12) |  |  | — |  |  | — |  |  | (12) |
Impairment | — |  |  | (100) |  |  | — |  |  | — |  |  | (100) |
Transferred to assets held for sale | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Balance as of December 31, 2020 | — |  |  | (104) |  |  | — |  |  | — |  |  | (104) |
Net carrying value, as of December 31, 2020 | $ | 6,873 |  |  | $ | 2,941 |  |  | $ | 50 |  |  | $ | — |  |  | $ | 9,864 |
Gross Goodwill: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 | $ | 6,873 |  |  | $ | 3,045 |  |  | $ | 50 |  |  | $ | — |  |  | $ | 9,968 |
Acquired (a) | — |  |  | 63 |  |  | 1,148 |  |  | — |  |  | 1,211 |
Other | 16 |  |  | (15) |  |  | — |  |  | — |  |  | 1 |
Balance as of December 31, 2021 | 6,889 |  |  | 3,093 |  |  | 1,198 |  |  | — |  |  | 11,180 |
Accumulated Impairment: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 | — |  |  | (104) |  |  | — |  |  | — |  |  | (104) |
Balance as of December 31, 2021 | — |  |  | (104) |  |  | — |  |  | — |  |  | (104) |
Net carrying value, as of December 31, 2021 (b) | $ | 6,889 |  |  | $ | 2,989 |  |  | $ | 1,198 |  |  | $ | — |  |  | $ | 11,076 |
____________________ (a)See Note 3 for further detail. (b)$352 million of goodwill within our Regional segment is associated with reporting units with zero or negative carrying value.
Changes in Carrying Value of Intangible Assets Other than Goodwill
| Amortizing |  | Non-Amortizing |  | Total
(In millions) | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Balance as of January 1 | $ | 501 |  |  | $ | 53 |  |  | $ | 3,782 |  |  | $ | 1,058 |  |  | $ | 4,283 |  |  | $ | 1,111 |
Impairment | — |  |  | — |  |  | (102) |  |  | (22) |  |  | (102) |  |  | (22) |
Amortization expense | (139) |  |  | (56) |  |  | — |  |  | — |  |  | (139) |  |  | (56) |
Transferred to assets held for sale | — |  |  | (5) |  |  | — |  |  | (174) |  |  | — |  |  | (179) |
Acquired (a) | 575 |  |  | 489 |  |  | 43 |  |  | 2,905 |  |  | 618 |  |  | 3,394 |
Acquisition of gaming rights and trademarks (b) | 253 |  |  | 20 |  |  | 50 |  |  | 15 |  |  | 303 |  |  | 35 |
Other | 19 |  |  | — |  |  | (62) |  |  | — |  |  | (43) |  |  | — |
Balance as of December 31 | $ | 1,209 |  |  | $ | 501 |  |  | $ | 3,711 |  |  | $ | 3,782 |  |  | $ | 4,920 |  |  | $ | 4,283 |
____________________ (a)See Note 3 for further detail. (b)Includes acquired royalty-free license of Planet Hollywood Trademark with an estimated useful life of 15 years and other gaming rights.
Schedule of Indefinite-Lived Intangible Assets |
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
| December 31, 2021 |  | December 31, 2020
(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 |  | $ | 587 |  |  | $ | (187) |  |  | $ | 400 |  |  | $ | 510 |  |  | $ | (92) |  |  | $ | 418 |
Gaming rights and others | 20 - 34 years |  | 174 |  |  | (7) |  |  | 167 |  |  | 84 |  |  | (1) |  |  | 83 |
Trademarks | 15 years |  | 322 |  |  | (21) |  |  | 301 |  |  | — |  |  | — |  |  | — |
Reacquired rights | 24 years |  | 250 |  |  | (7) |  |  | 243 |  |  | — |  |  | — |  |  | — |
Technology | 6 years |  | 110 |  |  | (12) |  |  | 98 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 1,443 |  |  | $ | (234) |  |  | 1,209 |  |  | $ | 594 |  |  | $ | (93) |  |  | 501 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  | 1,998 |  |  |  |  |  |  | 2,161 |
Gaming rights |  |  |  |  |  |  | 1,190 |  |  |  |  |  |  | 1,098 |
Caesars Rewards |  |  |  |  |  |  | 523 |  |  |  |  |  |  | 523 |
|  |  |  |  |  |  | 3,711 |  |  |  |  |  |  | 3,782 |
Total amortizing and non-amortizing intangible assets, net |  | $ | 4,920 |  |  |  |  |  |  | $ | 4,283 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated Five-Year Amortization
| Years Ended December 31,
(In millions) | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026
Estimated annual amortization expense | $ | 184 |  |  | $ | 138 |  |  | $ | 123 |  |  | $ | 116 |  |  | $ | 116 |

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