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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of composition of stock-based compensation expense
Composition of Stock-Based Compensation Expense
 
Three Months Ended March 31,
(In millions)
2020
 
2019
Corporate expense
$
6

 
$
16

Property, general, administrative, and other
4

 
5

Total stock-based compensation expense
$
10

 
$
21


Schedule of stock option and restricted stock unit activity
Outstanding at End of Period
 
March 31, 2020
 
December 31, 2019
 
Quantity
 
Wtd-Avg (1)
 
Quantity
 
Wtd-Avg (1)
Stock options (2)
1,730,807

 
$
8.74

 
2,147,750

 
$
14.67

Restricted stock units (3)
6,973,066

 
11.09

 
8,332,150

 
10.77

Performance stock units (4)
1,176,989

 
6.76

 
1,453,663

 
13.60

Market-based stock units (5)
410,078

 
12.63

 
434,921

 
12.63

____________________
(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 three months ended March 31, 2020, there were no grants of stock options and 139 thousand stock options were exercised.
(3) 
During the three months ended March 31, 2020, there were no grants of RSUs and 1.3 million RSUs vested under the 2017 Performance Incentive Plan (“PIP”).
(4) 
During the three months ended March 31, 2020, there were no grants of PSUs and 258 thousand PSUs vested under the 2017 PIP.
(5) 
During the three months ended March 31, 2020, there were no grants of MSUs and 22 thousand MSUs vested