CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 836	$ 866
Restricted cash	87	95
Accounts receivable, net	426	470
Inventories	41	45
Prepayments and other current assets	342	271
Total current assets	1,732	1,747
Investments in and advances to unconsolidated affiliates	114	131
Property and equipment, net	14,496	14,812
Goodwill	10,601	10,601
Intangible assets other than goodwill	4,036	4,133
Deferred tax asset	69	62
Other long-term assets, net	852	1,104
Total assets	31,900	32,590
CURRENT LIABILITIES:
Accounts payable	253	296
Accrued interest	193	242
Accrued other liabilities	1,665	1,625
Current portion of long-term debt	114	109
Total current liabilities	2,225	2,272
Long-term financing obligations	13,065	12,899
Long-term debt	11,681	12,033
Deferred tax liability	80	130
Other long-term liabilities	874	880
Total liabilities	27,925	28,214
Commitments and contingencies (Note 5)
STOCKHOLDERS’ EQUITY:
Caesars stockholders’ equity	3,782	4,157
Noncontrolling interests	193	219
Total stockholders’ equity	3,975	4,376
Total liabilities and stockholders’ equity	$ 31,900	$ 32,590