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Earnings per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions, except per share data)2022202120222021
Net income (loss) from continuing operations attributable to Caesars, net of income taxes$52 $(229)$(365)$(547)
Discontinued operations, net of income taxes— (4)(386)(38)
Net income (loss) attributable to Caesars$52 $(233)$(751)$(585)
Shares outstanding:
Weighted average shares outstanding – basic214 214 214 211 
Effect of dilutive securities:
Stock-based compensation awards1 — — — 
Weighted average shares outstanding – diluted215 214 214 211 
Basic income (loss) per share from continuing operations$0.24 $(1.08)$(1.70)$(2.60)
Basic loss per share from discontinued operations— (0.02)(1.80)(0.18)
Net income (loss) per common share attributable to common stockholders – basic:$0.24 $(1.10)$(3.50)$(2.78)
Diluted income (loss) per share from continuing operations$0.24 $(1.08)$(1.70)$(2.60)
Diluted loss per share from discontinued operations— (0.02)(1.80)(0.18)
Net income (loss) per common share attributable to common stockholders – diluted:$0.24 $(1.10)$(3.50)$(2.78)
For a period in which the Company generated a net loss from continuing operations, the weighted average shares outstanding - basic was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.
Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2022202120222021
Stock-based compensation awards2 3 3 3 
Total anti-dilutive common stock2 3 3 3