XML 45 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Effect of Adopting New Revenue Recognition Standard
Effect of Adopting New Revenue Recognition Standard - Balance Sheets
(In millions)
Previously Reported
 
ASC Adjustments
 
As Recast
December 31, 2017
 
 
 
 
 
Receivables, net
$
496

 
$
(2
)
 
$
494

Property and equipment, net (1)
16,228

 
(74
)
 
16,154

Accrued expenses and other current liabilities (2)
1,459

 
(133
)
 
1,326

Contract liabilities (2)
—

 
129

 
129

Financing obligations (1)
9,429

 
(74
)
 
9,355

Deferred credits and other liabilities
1,473

 
1

 
1,474

Stockholders’ equity
3,296

 
1

 
3,297

December 31, 2016
 
 
 
 
 
Stockholders’ deficit
$
(1,609
)
 
$
2

 
$
(1,607
)
____________________
(1) 
The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 8) are no longer considered continuing involvement under the new revenue recognition standard. As of result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
(2) 
Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.
Effect of Adopting New Revenue Recognition Standard - Statements of Operations
 
Three Months Ended September 30, 2017
 
Prior to Adoption
 
Post Adoption
(In millions)
CEC
 
CAC
 
Eliminations
 
Total
 
Total
Net revenues
$
986

 
$
—

 
$
—

 
$
986

 
$
993

Total operating expenses
900

 
5

 
—

 
905

 
909

Income/(loss) from operations
86

 
(5
)
 
—

 
81

 
84

Net income/(loss)
(460
)
 
5

 
14

 
(441
)
 
(439
)

 
Nine Months Ended September 30, 2017
 
Prior to Adoption
 
Post Adoption
(In millions)
CEC
 
CAC
 
Eliminations
 
Total
 
Total
Net revenues
$
2,951

 
$
—

 
$
—

 
$
2,951

 
$
2,967

Total operating expenses
2,550

 
22

 
—

 
2,572

 
2,584

Income/(loss) from operations
401

 
(22
)
 
—

 
379

 
383

Net income/(loss)
(2,410
)
 
4

 
23

 
(2,383
)
 
(2,379
)
Disaggregation of Revenue by Segment [Table Text Block]
Disaggregation of Revenue by Segment
 
Three Months Ended September 30, 2018
(In millions)
Las Vegas
 
Other U.S.
 
All Other
 
Eliminations
 
Total
Casino
$
249

 
$
789

 
$
64

 
$
—

 
$
1,102

Food and beverage
244

 
158

 
6

 
—

 
408

Rooms
271

 
124

 
—

 
—

 
395

Management fees
—

 
(2
)
 
18

 
—

 
16

Reimbursed management costs
—

 
1

 
50

 
—

 
51

Entertainment and other
106

 
52

 
12

 
(2
)
 
168

Total contract revenues
870

 
1,122

 
150

 
(2
)
 
2,140

Other
40

 
3

 
2

 
—

 
45

Net revenues
$
910

 
$
1,125

 
$
152

 
$
(2
)
 
$
2,185


 
Three Months Ended September 30, 2017
(In millions)
Las Vegas
 
Other U.S.
 
All Other
 
Eliminations
 
Total
Casino
$
203

 
$
171

 
$
15

 
$
—

 
$
389

Food and beverage
156

 
50

 
—

 
—

 
206

Rooms
206

 
47

 
—

 
—

 
253

Entertainment and other
77

 
13

 
7

 
(1
)
 
96

Total contract revenues
642

 
281

 
22

 
(1
)
 
944

Other
45

 
3

 
1

 
—

 
49

Net revenues
$
687

 
$
284

 
$
23

 
$
(1
)
 
$
993


 
Nine Months Ended September 30, 2018
(In millions)
Las Vegas
 
Other U.S.
 
All Other
 
Eliminations
 
Total
Casino
$
817

 
$
2,143

 
$
187

 
$
—

 
$
3,147

Food and beverage
731

 
431

 
20

 
—

 
1,182

Rooms
833

 
315

 
2

 
—

 
1,150

Management fees
—

 
—

 
49

 
(3
)
 
46

Reimbursed management costs
—

 
2

 
149

 
—

 
151

Entertainment and other
312

 
134

 
35

 
(4
)
 
477

Total contract revenues
2,693

 
3,025

 
442

 
(7
)
 
6,153

Other
111

 
8

 
4

 
—

 
123

Net revenues
$
2,804

 
$
3,033

 
$
446

 
$
(7
)
 
$
6,276

 
Nine Months Ended September 30, 2017
(In millions)
Las Vegas
 
Other U.S.
 
All Other
 
Eliminations
 
Total
Casino
$
605

 
$
556

 
$
38

 
$
—

 
$
1,199

Food and beverage
474

 
143

 
—

 
—

 
617

Rooms
622

 
120

 
—

 
—

 
742

Entertainment and other
210

 
43

 
16

 
(2
)
 
267

Total contract revenues
1,911

 
862

 
54

 
(2
)
 
2,825

Other
131

 
8

 
3

 
—

 
142

Net revenues
$
2,042

 
$
870

 
$
57

 
$
(2
)
 
$
2,967
Retail Value of Complimentaries
Retail Value of Complimentaries
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2018
 
2017
 
2018
 
2017
Food and beverage
$
146

 
$
70

 
$
438

 
$
209

Rooms
133

 
68

 
359

 
194

Other
16

 
7

 
46

 
22

 
$
295

 
$
145

 
$
843

 
$
425
Receivables [Table Text Block]
Receivables
(In millions)
September 30, 2018
 
December 31, 2017
Casino
$
181

 
$
173

Food and beverage and rooms
78

 
59

Entertainment and other
80

 
79

Contract receivables, net
339

 
311

Other
133

 
183

Receivables, net
$
472

 
$
494
Allowance for Doubtful Accounts
Allowance for Doubtful Accounts
(In millions)
Contracts
 
Other
 
Total
Balance as of December 31, 2017
$
44

 
$
7

 
$
51

Provision for doubtful accounts
9

 
(2
)
 
7

Write-offs less recoveries
(12
)
 
(2
)
 
(14
)
Balance as of September 30, 2018
$
41

 
$
3

 
$
44
Contract Liabilities
Contract Liabilities
(In millions)
Total Rewards
 
Customer Advances
 
Total
Beginning balance as of June 30, 2018
$
68

 
$
84

 
$
152

Amount recognized during the period (1)
(34
)
 
(126
)
 
(160
)
Amount accrued during the period
38

 
130

 
168

Ending balance as of September 30, 2018 (2)
$
72

 
$
88

 
$
160


____________________
(1) 
Includes $5 million for Total Rewards and $5 million for Customer Advances recognized from the June 30, 2018 Contract liability balances.
(2) 
$6 million included within Deferred credits and other liabilities.
(In millions)
Total Rewards
 
Customer Advances
 
Total
Beginning balance as of December 31, 2017 (1)
$
62

 
$
69

 
$
131

Amount recognized during the period (2)
(97
)
 
(409
)
 
(506
)
Amount accrued during the period
107

 
428

 
535

Ending balance as of September 30, 2018 (3)
$
72

 
$
88

 
$
160