v3.26.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Shares outstanding, beginning (in shares) at Dec. 31, 2024   74    
Shareholders' equity, beginning at Dec. 31, 2024 $ 1,084 $ 0 $ 1,085 $ (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 77   77  
Repurchase of common stock (in shares)   (1)    
Repurchase of common stock (90) $ (1) (89)  
Taxes paid related to net share settlement of stock awards (4) (4)    
Stock-based compensation 5 $ 5    
Shares outstanding, ending (in shares) at Mar. 31, 2025   73    
Shareholders' equity, ending at Mar. 31, 2025 1,072 $ 0 1,073 (1)
Shares outstanding, beginning (in shares) at Dec. 31, 2024   74    
Shareholders' equity, beginning at Dec. 31, 2024 1,084 $ 0 1,085 (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 294      
Shares outstanding, ending (in shares) at Jun. 30, 2025   70    
Shareholders' equity, ending at Jun. 30, 2025 1,042 $ 0 1,043 (1)
Shares outstanding, beginning (in shares) at Mar. 31, 2025   73    
Shareholders' equity, beginning at Mar. 31, 2025 1,072 $ 0 1,073 (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 217   217  
Repurchase of common stock (in shares)   (3)    
Repurchase of common stock (250) $ (5) (245)  
Stock-based compensation 5 $ 5    
Other (2)   (2)  
Shares outstanding, ending (in shares) at Jun. 30, 2025   70    
Shareholders' equity, ending at Jun. 30, 2025 1,042 $ 0 1,043 (1)
Shares outstanding, beginning (in shares) at Dec. 31, 2025   70    
Shareholders' equity, beginning at Dec. 31, 2025 1,010 $ 0 1,011 (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 83   83  
Taxes paid related to net share settlement of stock awards (3) (3)    
Stock-based compensation 4 4    
Other 2 $ 2    
Shares outstanding, ending (in shares) at Mar. 31, 2026   70    
Shareholders' equity, ending at Mar. 31, 2026 1,096 $ 3 1,094 (1)
Shares outstanding, beginning (in shares) at Dec. 31, 2025   70    
Shareholders' equity, beginning at Dec. 31, 2025 1,010 $ 0 1,011 (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 324      
Shares outstanding, ending (in shares) at Jun. 30, 2026   70    
Shareholders' equity, ending at Jun. 30, 2026 1,341 $ 7 1,335 (1)
Shares outstanding, beginning (in shares) at Mar. 31, 2026   70    
Shareholders' equity, beginning at Mar. 31, 2026 1,096 $ 3 1,094 (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to Churchill Downs Incorporated 241   241  
Stock-based compensation 4 $ 4    
Shares outstanding, ending (in shares) at Jun. 30, 2026   70    
Shareholders' equity, ending at Jun. 30, 2026 $ 1,341 $ 7 $ 1,335 $ (1)