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Goodwill and Intangible Assets, net (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangible Assets, Net

Changes in Carrying Value of Goodwill and Other Intangible Assets
									Non-Amortizing Intangible Assets
(In millions)			Amortizing Intangible Assets						Goodwill						Other
December 31, 2021			$	1,209					$	11,076					$	3,711
Amortization			(152)						—						—
Acquisition of gaming rights			10						—						1
Other (a)			28						6						(28)
September 30, 2022			$	1,095					$	11,082					$	3,684

____________________

(a)Reclassification of gaming rights, with a value of $28 million, from non-amortizing to amortizing and a purchase price adjustment to Goodwill related to the William Hill Acquisition.

Schedule of Finite-Lived Intangible Assets

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
			September 30, 2022																								December 31, 2021
(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					$	(255)					$	332					$	587					$	(187)					$	400
Gaming rights and other			10 - 34 years						212						(14)						198						174						(7)						167
Trademarks			15 years						307						(62)						245						322						(21)						301
Reacquired rights			24 years						250						(15)						235						250						(7)						243
Technology			6 years						110						(25)						85						110						(12)						98
									$	1,466					$	(371)					1,095						$	1,443					$	(234)					1,209
Non-amortizing intangible assets
Trademarks																					1,998																		1,998
Gaming rights																					1,163																		1,190
Caesars Rewards																					523																		523
																					3,684																		3,711
Total amortizing and non-amortizing intangible assets, net																					$	4,779																	$	4,920

Schedule of Indefinite-Lived Intangible Assets

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
			September 30, 2022																								December 31, 2021
(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					$	(255)					$	332					$	587					$	(187)					$	400
Gaming rights and other			10 - 34 years						212						(14)						198						174						(7)						167
Trademarks			15 years						307						(62)						245						322						(21)						301
Reacquired rights			24 years						250						(15)						235						250						(7)						243
Technology			6 years						110						(25)						85						110						(12)						98
									$	1,466					$	(371)					1,095						$	1,443					$	(234)					1,209
Non-amortizing intangible assets
Trademarks																					1,998																		1,998
Gaming rights																					1,163																		1,190
Caesars Rewards																					523																		523
																					3,684																		3,711
Total amortizing and non-amortizing intangible assets, net																					$	4,779																	$	4,920

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated Five-Year Amortization
			Remaining 2022						Years Ended December 31,
(In millions)									2023						2024						2025						2026						2027
Estimated annual amortization expense			$	35					$	141					$	126					$	119					$	119					$	76

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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