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Goodwill and Intangible Assets, net (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Value of Goodwill and Other Intangible Assets
Changes in Carrying Value of Goodwill and Other Intangible Assets
Non-Amortizing Intangible Assets
(In millions)Amortizing Intangible AssetsGoodwillOther
Balances as of December 31, 2023
$946 $10,990 $3,577 
Amortization expense(36)— — 
Balances as of March 31, 2024
$910 $10,990 $3,577 
Schedule of Finite-Lived Intangible Assets
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
March 31, 2024December 31, 2023
(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortizing intangible assets
Customer relationships
3 - 7 years
$587 $(382)$205 $587 $(360)$227 
Gaming rights and other
10 - 34 years
242 (31)211 242 (28)214 
Trademarks
15 years
313 (96)217 313 (91)222 
Reacquired rights
24 years
250 (30)220 250 (28)222 
Technology
6 years
110 (53)57 110 (49)61 
$1,502 $(592)910 $1,502 $(556)946 
Non-amortizing intangible assets other than Goodwill
Trademarks1,998 1,998 
Gaming rights1,056 1,056 
Caesars Rewards523 523 
3,577 3,577 
Total amortizing and non-amortizing intangible assets other than Goodwill, net$4,487 $4,523 
Schedule of Indefinite-Lived Intangible Assets
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
March 31, 2024December 31, 2023
(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortizing intangible assets
Customer relationships
3 - 7 years
$587 $(382)$205 $587 $(360)$227 
Gaming rights and other
10 - 34 years
242 (31)211 242 (28)214 
Trademarks
15 years
313 (96)217 313 (91)222 
Reacquired rights
24 years
250 (30)220 250 (28)222 
Technology
6 years
110 (53)57 110 (49)61 
$1,502 $(592)910 $1,502 $(556)946 
Non-amortizing intangible assets other than Goodwill
Trademarks1,998 1,998 
Gaming rights1,056 1,056 
Caesars Rewards523 523 
3,577 3,577 
Total amortizing and non-amortizing intangible assets other than Goodwill, net$4,487 $4,523 
Schedule of Estimated Annual Amortization Expense
Estimated Five-Year Amortization
Remaining 2024Years Ended December 31,
(In millions)20252026202720282029
Estimated annual amortization expense$93 $122 $122 $80 $43 $