Goodwill and Intangible Assets, net (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Changes in Carrying Value of Goodwill and Other Intangible Assets


Changes in Carrying Value of Goodwill and Other Intangible Assets
									Non-Amortizing Intangible Assets
(In millions)			Amortizing Intangible Assets						Goodwill						Other
Balances as of December 31, 2025			$	730					$	10,441					$	3,255

Amortization expense			(104)						—						—
In-place leases			54						—						—
Acquisition of gaming rights			12						—						—
Other			(9)						—						—

Balances as of September 30, 2026			$	683					$	10,441					$	3,255

Schedule of Finite-Lived Intangible Assets


Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
			September 30, 2026																								December 31, 2025
(Dollars in millions)			Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Amortizing intangible assets
Customer relationships			1 - 7 years						$	595					$	(545)					$	50					$	595					$	(495)					$	100
Gaming rights and other			10 - 34 years						260						(63)						197						262						(57)						205
Trademarks			15 years						313						(141)						172						313						(127)						186
Reacquired rights			24 years						250						(56)						194						250						(49)						201
Technology			3 - 6 years						135						(116)						19						134						(96)						38
In-place leases			3 - 15 years						54						(3)						51						—						—						—
									$	1,607					$	(924)					683						$	1,554					$	(824)					730

Non-amortizing intangible assets other than Goodwill
Trademarks																					1,749																		1,749
Gaming rights																					983																		983
Caesars Rewards																					523																		523

																					3,255																		3,255
Total amortizing and non-amortizing intangible assets other than Goodwill, net																					$	3,938																	$	3,985

Schedule of Indefinite-Lived Intangible Assets


Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
			September 30, 2026																								December 31, 2025
(Dollars in millions)			Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Amortizing intangible assets
Customer relationships			1 - 7 years						$	595					$	(545)					$	50					$	595					$	(495)					$	100
Gaming rights and other			10 - 34 years						260						(63)						197						262						(57)						205
Trademarks			15 years						313						(141)						172						313						(127)						186
Reacquired rights			24 years						250						(56)						194						250						(49)						201
Technology			3 - 6 years						135						(116)						19						134						(96)						38
In-place leases			3 - 15 years						54						(3)						51						—						—						—
									$	1,607					$	(924)					683						$	1,554					$	(824)					730

Non-amortizing intangible assets other than Goodwill
Trademarks																					1,749																		1,749
Gaming rights																					983																		983
Caesars Rewards																					523																		523

																					3,255																		3,255
Total amortizing and non-amortizing intangible assets other than Goodwill, net																					$	3,938																	$	3,985

Schedule of Estimated Annual Amortization Expense


Estimated Five-Year Amortization
			Remaining 2026						Years Ended December 31,
(In millions)									2027						2028						2029						2030						2031
Estimated amortization expense			$	35					$	94					$	53					$	50					$	49					$	46