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Related Party Transactions (Tables)
 9 Months Ended
Sep. 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:
(In millions, except per share data)
December 31, 2017
 
March 31, 2018
 
June 30, 2018
 
Total Dividends Paid in 2018
Amount paid to IEP
$
36

 
$
36

 
$
53

 
$
125

Amount paid to public stockholders
7

 
8

 
22

 
37

Total amount paid
$
43

 
$
44

 
$
75

 
$
162

 
 
 
 
 
 
 
 
Per common share
$
0.50

 
$
0.50

 
$
0.75

 
$
1.75

Shares outstanding (in millions)
86.8

 
86.8

 
100.6

 
 
Schedule of related party transactions
Activity associated with the Company’s related party arrangements for the three and nine month periods ended September 30, 2018 and 2017 is summarized below:
Expenses with related parties
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
 
2018
 
2017
Cost of materials and other

 
 
 
 
 
 
 
Railcar Lease Agreements and Maintenance:
 
 
 
 
 
 
 
ARI Leasing, LLC
$
—

 
$
—

 
$
1

 
$
1

 
 
 
 
 
 
 
 
Payments made
 
 
 
 
 
 
 
Insight Portfolio Group
—

 
—

 
—

 
—

Tax Allocation Agreement:
 
 
 
 
 
 
 
American Entertainment Properties Corporation
$
5

 
$
—

 
$
13

 
$
10



Amounts due to/from related parties
 
 
 
(in millions)
September 30, 2018
 
December 31, 2017
Accounts Receivable (Payable)
 
 
 
Tax Allocation Agreement:
 
 
 
American Entertainment Properties Corporation (“AEPC”)
$
—

 
$
5