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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Segment
Changes in Carrying Value of Goodwill by Segment
(In millions)
Las Vegas
 
Other U.S.
 
All Other
 
CEC Total
Gross Goodwill
 
 
 
 
 
 
 
Balance as of January 1, 2018
$
6,204

 
$
1,002

 
$
61

 
$
7,267

Centaur acquisition (1)
—

 
275

 
—

 
275

Other
—

 
—

 
(3
)
 
(3
)
Balance as of December 31, 2018
6,204

 
1,277

 
58

 
7,539

Accumulated Impairment
 
 
 
 
 
 
 
Balance as of January 1, 2018
(3,115
)
 
(337
)
 
—

 
(3,452
)
Impairment
—

 
(17
)
 
(26
)
 
(43
)
Balance as of December 31, 2018
(3,115
)
 
(354
)
 
(26
)
 
(3,495
)
Net carrying value, as of December 31, 2018 (2)
$
3,089

 
$
923

 
$
32

 
$
4,044

 
 
 
 
 
 
 
 
Gross Goodwill
 
 
 
 
 
 
 
Balance as of January 1, 2019
$
6,204

 
$
1,277

 
$
58

 
$
7,539

Transferred to assets held for sale
—

 
—

 
(5
)
 
(5
)
Balance as of December 31, 2019
6,204

 
1,277

 
53

 
7,534

Accumulated Impairment
 
 
 
 
 
 
 
Balance as of January 1, 2019
(3,115
)
 
(354
)
 
(26
)
 
(3,495
)
Impairment
—

 
(27
)
 
—

 
(27
)
     Balance as of December 31, 2019
(3,115
)
 
(381
)
 
(26
)
 
(3,522
)
Net carrying value, as of December 31, 2019 (2)
$
3,089

 
$
896

 
$
27

 
$
4,012

____________________
(1) 
See Note 4 for further details relating to the acquisition of Centaur.
(2) 
$405 million and $81 million of goodwill within our Las Vegas and Other U.S. segments, respectively, is associated with reporting units with zero or negative carrying value. Except for Horseshoe Hammond, the fair value of our reporting units exceed their respective carrying values.
Changes in Carrying Value of Indefinite-Lived Intangible Assets Other Than Goodwill
Changes in Carrying Value of Intangible Assets Other than Goodwill
 
Amortizing
 
Non-Amortizing
 
Total
(In millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Balance as of January 1
$
342

 
$
355

 
$
2,635

 
$
1,254

 
$
2,977

 
$
1,609

Impairments
—

 
—

 
(61
)
 
(21
)
 
(61
)
 
(21
)
Amortization expense
(71
)
 
(68
)
 
—

 
—

 
(71
)
 
(68
)
Transferred to assets held for sale
(1
)
 
—

 
(10
)
 
—

 
(11
)
 
—

Centaur acquisition (1)
—

 
55

 
—

 
1,390

 
—

 
1,445

Other additions (2)
—

 
—

 
—

 
20

 
—

 
20

Other
—

 
—

 
(10
)
 
(8
)
 
(10
)
 
(8
)
Balance as of December 31
$
270

 
$
342

 
$
2,554

 
$
2,635

 
$
2,824

 
$
2,977


____________________
(1) 
See Note 4 for further details relating to the acquisition of Centaur.
(2) 
Other additions of $20 million are related to gaming rights.
Changes in Carrying Value of Finite-Lived Intangible Assets Other Than Goodwill
Changes in Carrying Value of Intangible Assets Other than Goodwill
 
Amortizing
 
Non-Amortizing
 
Total
(In millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Balance as of January 1
$
342

 
$
355

 
$
2,635

 
$
1,254

 
$
2,977

 
$
1,609

Impairments
—

 
—

 
(61
)
 
(21
)
 
(61
)
 
(21
)
Amortization expense
(71
)
 
(68
)
 
—

 
—

 
(71
)
 
(68
)
Transferred to assets held for sale
(1
)
 
—

 
(10
)
 
—

 
(11
)
 
—

Centaur acquisition (1)
—

 
55

 
—

 
1,390

 
—

 
1,445

Other additions (2)
—

 
—

 
—

 
20

 
—

 
20

Other
—

 
—

 
(10
)
 
(8
)
 
(10
)
 
(8
)
Balance as of December 31
$
270

 
$
342

 
$
2,554

 
$
2,635

 
$
2,824

 
$
2,977


____________________
(1) 
See Note 4 for further details relating to the acquisition of Centaur.
(2) 
Other additions of $20 million are related to gaming rights.
Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets Other Than Goodwill
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill
 
December 31, 2019
 
December 31, 2018
(Dollars in millions)
Weighted
Average
Remaining
Useful Life
(in years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names and trademarks
1.0
 
$
14

 
$
(8
)
 
$
6

 
$
14

 
$
(3
)
 
$
11

Customer relationships
3.6
 
1,070

 
(819
)
 
251

 
1,071

 
(756
)
 
315

Contract rights
5.0
 
3

 
(2
)
 
1

 
3

 
(2
)
 
1

Gaming rights and other
4.5
 
43

 
(31
)
 
12

 
43

 
(28
)
 
15

 
 
 
$
1,130

 
$
(860
)
 
270

 
$
1,131

 
$
(789
)
 
342

Non-amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
776

 
 
 
 
 
790

Gaming rights
 
1,525

 


 
 
 
1,592

Caesars Rewards
 
253

 
 
 
 
 
253

 
 
2,554

 
 
 


 
2,635

Total intangible assets other than goodwill
 
$
2,824

 
 
 
 
 
$
2,977
Gross Carrying Value and Accumulated Amortization of Indefinite-Lived Intangible Assets Other Than Goodwill
Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill
 
December 31, 2019
 
December 31, 2018
(Dollars in millions)
Weighted
Average
Remaining
Useful Life
(in years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names and trademarks
1.0
 
$
14

 
$
(8
)
 
$
6

 
$
14

 
$
(3
)
 
$
11

Customer relationships
3.6
 
1,070

 
(819
)
 
251

 
1,071

 
(756
)
 
315

Contract rights
5.0
 
3

 
(2
)
 
1

 
3

 
(2
)
 
1

Gaming rights and other
4.5
 
43

 
(31
)
 
12

 
43

 
(28
)
 
15

 
 
 
$
1,130

 
$
(860
)
 
270

 
$
1,131

 
$
(789
)
 
342

Non-amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
776

 
 
 
 
 
790

Gaming rights
 
1,525

 


 
 
 
1,592

Caesars Rewards
 
253

 
 
 
 
 
253

 
 
2,554

 
 
 


 
2,635

Total intangible assets other than goodwill
 
$
2,824

 
 
 
 
 
$
2,977
Estimated Five-Year Amortization
Estimated Five-Year Amortization
 
Years Ended December 31,
(In millions)
2020
 
2021
 
2022
 
2023
 
2024
Estimated annual amortization expense
$
71

 
$
60

 
$
17

 
$
15

 
$
13