Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of composition of stock-based compensation expense

Composition of Stock-Based Compensation Expense
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Corporate expense	$	15	$	13	$	48	$	41
Property, general, administrative, and other	4		4		14		14
Total stock-based compensation expense	$	19	$	17	$	62	$	55

Schedule of stock option and restricted stock unit activity

Outstanding at End of Period
	September 30, 2019			December 31, 2018
	Quantity	Wtd-Avg (1)		Quantity	Wtd-Avg (1)
Stock options (2)	3,398,272	$	13.68	8,360,365	$	10.63
Restricted stock units (3)	11,335,211	11.12		13,455,092	11.51
Performance stock units (4)	1,574,182	11.66		1,466,183	6.79
Market-based stock units (5)	482,459	12.63		—	—

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⁽¹⁾  Represents weighted-average exercise price for stock options, weighted-average grant date fair value for RSUs, the price of CEC common stock as of the balance sheet date until a grant date is achieved for PSUs and the fair value of the MSUs determined using the Monte-Carlo simulation model.

⁽²⁾  During the nine months ended September 30, 2019, there were no grants of stock options and 4.8 million stock options were exercised.

⁽³⁾  During the nine months ended September 30, 2019, 5.2 million RSUs were granted under the 2017 PIP and 5.2 million RSUs vested.

⁽⁴⁾  During the nine months ended September 30, 2019, 975 thousand PSUs were granted under the 2017 PIP and 549 thousand PSUs vested.

⁽⁵⁾ 

During the nine months ended September 30, 2019, 703 thousand MSUs were granted under the 2017 PIP and 35 thousand MSUs vested.