CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 867	$ 887
Restricted cash	92	85
Accounts receivable, net	441	476
Inventories	47	43
Prepayments and other current assets	353	312
Total current assets	1,800	1,803
Investments in and advances to unconsolidated affiliates	126	133
Property and equipment, net	14,233	14,358
Goodwill	10,441	10,441
Intangible assets other than goodwill	3,942	3,985
Deferred tax asset	66	67
Other long-term assets, net	1,056	852
Total assets	31,664	31,639
CURRENT LIABILITIES:
Accounts payable	258	297
Accrued interest	195	224
Accrued other liabilities	1,551	1,618
Current portion of long-term debt	114	114
Total current liabilities	2,118	2,253
Long-term financing obligations	13,126	13,096
Long-term debt	11,688	11,670
Deferred tax liability	69	58
Other long-term liabilities	1,066	876
Total liabilities	28,067	27,953
Commitments and contingencies (Note 5)
STOCKHOLDERS’ EQUITY:
Caesars stockholders’ equity	3,416	3,504
Noncontrolling interests	181	182
Total stockholders’ equity	3,597	3,686
Total liabilities and stockholders’ equity	$ 31,664	$ 31,639