Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Components of (Loss)/Income Before Income Taxes from Continuing Operations

Components of Income/(Loss) Before Income Taxes from Continuing Operations
	Years Ended December 31,
(In millions)	2015		2014			2013
United States	$	5,779	$	(3,351	)	$	(4,446	)
Outside of the U.S.	225		134			196
	$	6,004	$	(3,217	)	$	(4,250	)

Income Tax Benefit/(Provision)

Income Tax Benefit/(Provision)
	Years Ended December 31,
(In millions)	2015			2014			2013
United States
Current
Federal	$	—		$	—		$	7
State	—			110			83
Deferred
Federal	135			593			1,388
State	(10		)	(109		)	51
Outside of the U.S.
Current	(78		)	(56		)	(29		)
Deferred	8			5			17
	$	55		$	543		$	1,517

Allocation of Income Tax Benefit/(Provision)

Allocation of Income Tax Benefit/(Provision)
	Years Ended December 31,
(In millions)	2015		2014		2013
Income tax benefit/(provision) applicable to:
Loss from continuing operations	$	55	$	543	$	1,517
Loss from discontinued operations	—		21		32
Accumulated other comprehensive income/(loss)	—		—		(16		)
Deconsolidation and restructuring of CEOC and other	1,176		—		—
Additional paid-in capital	—		—		(15		)

Effective Income Tax Rate Reconciliation

Effective Income Tax Rate Reconciliation
	Years Ended December 31,
	2015		2014		2013
Statutory tax rate	35.0	%	35.0	%	35.0	%
Increases/(decreases) in tax resulting from:
State taxes, net of federal tax benefit	—		1.7		6.6
Valuation allowance	3.4		(5.9	)	(8.9	)
Foreign income taxes	(0.3	)	(0.1	)	0.1
Goodwill	—		(9.3	)	(0.4	)
Deconsolidation of CEOC	(38.6	)	—		—
Stock-based compensation	0.3		(0.8	)	(0.2	)
Acquisition and integration costs	—		(0.4	)	0.1
Reserves for uncertain tax positions	—		0.3		—
Sale of stock of subsidiary	—		(0.5	)	—
Capital loss tax benefit	—		—		4.2
Disallowed losses on sale to related party	—		(3.9	)	(0.3	)
Deferred tax adjustment upon contribution of CIE to CGP	—		—		(0.5	)
Noncontrolling interests	(0.6	)	1.0		—
Other	(0.1	)	(0.2	)	—
Effective tax rate	(0.9	)%	16.9	%	35.7	%

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities
	As of December 31,
(In millions)	2015		2014
Deferred tax assets:
State net operating losses	$	5	$	294
Foreign net operating losses	2		23
Federal net operating loss	44		1,466
Compensation programs	56		145
Allowance for doubtful accounts	10		89
Self-insurance reserves	7		16
Accrued restructuring and support expenses	317		—
Accrued expenses	6		52
Federal tax credits	35		52
Federal indirect tax benefits of uncertain state tax positions	—		1
Investment in CGP LLC	115		—
Investments in non-consolidated affiliates	—		28
Capital loss carryover	15		134
Deferred revenue	1		93
Subtotal	613		2,393
Less: valuation allowance	207		970
Total deferred tax assets	406		1,423
Deferred tax liabilities:
Depreciation and other property-related items	922		1,143
Deferred cancellation of debt income and other debt-related items	152		1,508
Investment in CGP	—		21
Investment in non-consolidated affiliates	170		—
Intangibles	111		998
Prepaid expenses	10		28
Other	4		2
Total deferred tax liabilities	1,369		3,700
Net deferred tax liability	$	963	$	2,277

Reconciliation of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits
	Years Ended December 31,
(In millions)	2015			2014			2013
Balance at beginning of year	$	80		$	142		$	333
Additions based on tax positions related to the current year	3			20			1
Additions for tax positions of prior years	2			—			7
Reductions for tax positions for prior years	—			(2		)	(50		)
Deconsolidation of CEOC	(78		)	—			—
Settlements	—			—			(82		)
Expiration of statutes	—			(80		)	(67		)
Balance at end of year	$	7		$	80		$	142