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Goodwill and Intangible Assets, net (Tables)

12 Months Ended

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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