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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (1,016) $ (1,758) $ 81
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss from discontinued operations 30 20 0
Depreciation and amortization 1,126 583 222
Amortization of deferred financing costs and discounts 347 156 18
Provision for doubtful accounts 26 29 1
Deferred revenue (4) (11) (7)
Loss on extinguishment of debt 236 197 8
Non-cash lease amortization 39 14 3
(Gain) loss on investments 107 (34) (9)
Stock compensation expense 82 79 20
(Gain) loss on sale of businesses and disposal of property and equipment 11 (7) (50)
Impairment charges 102 215 1
(Benefit) provision for deferred income taxes (283) 176 (2)
(Gain) loss on derivatives 127 (9) 0
Foreign currency transaction gain (21) (129) 0
Other non-cash adjustments to net income (loss) (8) (2) 3
Change in operating assets and liabilities:      
Accounts receivable (135) (70) 5
Prepaid expenses and other assets (67) 9 10
Income taxes (receivable) payable 13 (40) (22)
Accounts payable, accrued expenses and other liabilities 486 25 31
Other 1 (4) 0
Net cash provided by (used in) operating activities 1,199 (561) 313
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment, net (520) (164) (171)
Acquisition of gaming rights and trademarks (312) (35) 0
Proceeds from sale of businesses, property and equipment, net of cash sold 726 366 536
Proceeds from the sale of investments 239 25 5
Proceeds from insurance related to property damage 44 17 0
Investments in unconsolidated affiliates (39) (1) (1)
Other 0 6 0
Net cash provided by (used in) investing activities (1,448) (6,100) 369
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from long-term debt and revolving credit facilities 1,308 9,765 33
Repayments of long-term debt and revolving credit facilities (1,977) (3,742) (736)
Proceeds from sale-leaseback financing arrangement 0 3,224 0
Financing obligation payments (5) (49) 0
Debt issuance and extinguishment costs (56) (356) (1)
Proceeds from issuance of common stock 3 2,718 0
Cash paid to settle convertible notes (367) (903) 0
Taxes paid related to net share settlement of equity awards (45) (16) (8)
Distributions to noncontrolling interest (2) 0 0
Net cash provided by (used in) financing activities (1,141) 10,641 (712)
CASH FLOWS FROM DISCONTINUED OPERATIONS:      
Cash flows from operating activities (27) (21) 0
Cash flows from investing activities (1,475) (5) 0
Cash flows from financing activities 591 0 0
Net cash from discontinued operations (911) (26) 0
Change in cash, cash equivalents, and restricted cash classified as assets held for sale 10 (20) 0
Effect of foreign currency exchange rates on cash 32 129 0
Increase (decrease) in cash, cash equivalents and restricted cash (2,259) 4,063 (30)
Cash, cash equivalents and restricted cash, beginning of period 4,280 217 247
Cash, cash equivalents and restricted cash, end of period 2,021 4,280 217
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONSOLIDATED BALANCE SHEETS:      
Cash and cash equivalents 1,070 1,776 206
Restricted cash 319 2,021 4
Restricted and escrow cash included in other noncurrent assets 323 437 7
Cash and cash equivalents and restricted cash in discontinued operations 309 46 0
Total cash, cash equivalents and restricted cash 2,021 4,280 217
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid 1,923 892 277
Income taxes (refunded) paid, net 9 (7) 51
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Payables for capital expenditures 100 40 11
Exchange for sale-leaseback financing obligation 0 246 0
Convertible notes settled with shares 440 454 0
Land contributed to joint venture 61 0 0
Shares issued to Former Caesars shareholders 0 2,381 0
Caesars Entertainment Corporation      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisitions, net of cash acquired 0 (6,314) 0
William Hill      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisitions, net of cash acquired (1,581) 0 0
Horseshoe Baltimore      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisitions, net of cash acquired $ (5) $ 0 $ 0