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Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Summary of dividends paid
The following is a summary of dividends paid to the Company's stockholders, including IEP, for the respective quarters to which the distributions relate:
 
December 31, 2017
 
March 31, 2018
 
Total Dividends Paid in 2018
 
(in millions, except per unit data)
Amount paid to IEP
$
36

 
$
36

 
$
72

Amount paid to public stockholders
7

 
8

 
15

Total amount paid
$
43

 
$
44

 
$
87

 
 
 
 
 
 
Per common share
$
0.50

 
$
0.50

 
$
1.00

Shares outstanding
86.8

 
86.8

 
 
Schedule of related party transactions
Activity associated with the Company's related party arrangements for the three and six month periods ending June 30, 2018 and 2017 is summarized below:
Expenses from related parties
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Payments made
 
 
 
 
 
 
 
Tax Allocation Agreement:
 
 
 
 
 
 
 
American Entertainment Properties Corporation
$
8

 
$
10

 
$
8

 
$
10



Amounts due to/from related parties
 
 
 
 
June 30, 2018
 
December 31, 2017
 
(in millions)
Accounts Receivable (Payable)
 
 
 
Tax Allocation Agreement:
 
 
 
American Entertainment Properties Corporation ("AEPC")
$
(16
)
 
$
5