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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Multiemployer Plans
Multi-employer Pension Plan Participation
Pension Protection Act Zone Status (a)
Contributions
(In millions)
Pension FundEIN/Pension Plan Number2021
FIP/RP Status (b)
20212020Surcharge Imposed
Expiration Date of Collective Bargaining Agreement (c)
Southern Nevada Culinary and Bartenders Pension Plan (d)(e)
88-6016617/001
GreenNo$18 $NoMay 31, 2023
Legacy Plan of the UNITE HERE Retirement Fund (d)(f)
82-0994119/001
RedYes4No
Various up to May 31, 2023
Central Pension Fund of the IUOE & Participating Employers
36-6052390/001
GreenNo— N/AMarch 31, 2021
Western Conference of Teamsters Pension Plan
91-6145047/001
GreenNo— N/A
Various up to August 31, 2024
Local 68 Engineers Union Pension Plan (d)(g)
51-0176618/001
YellowYes— NoApril 30, 2022
Painters IUPAT
52-6073909/001
YellowYes— No
Various up to June 30, 2026
Other Funds5
Total Contributions$41 $14 
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(a)Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and less than 80% funded, and plans in the green zone are at least 80% funded. All plans detailed in the table above utilized extended amortization provisions to calculate zone status.
(b)Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.
(c)The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.
(d)Prior to the Merger, Former Caesars provided more than 5% of the total contributions for the plan year ended December 31, 2019.
(e)The Company provided more than 5% of the total contributions for the plan year ended December 31, 2020 and as of the date the financial statements were issued, Forms 5500 were not available for the 2021 plan year.
(f)The HEREIU Pension Fund consists of two separate plans, the Legacy Plan of the HEREIU Pension Fund and the Adjustable Plan of the HEREIU Pension Fund. CEI makes a single contribution to the HEREIU Pension Fund, the Trustees of which allocate such contribution between the Legacy Plan and the Adjustable Plan. The contribution amount reflected to the Legacy Plan is the aggregate contribution made to the HEREIU Pension Fund before such allocation between the Legacy Plan and the Adjustable Plan of the HEREIU Pension Fund.
(g)Plan years begin July 1.