Rendering

Component: (Network and Table)
Network
2313301 - Disclosure - Income Tax (Tables)
(http://www.caesars.com/role/IncomeTaxTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Components of Income/(Loss) Before Income Taxes
Components of Income/(Loss) Before Income Taxes
 
Years Ended December 31,
(In millions)
2016
 
2015
 
2014
Income/(loss) before income taxes
$
(138
)
 
$
11

 
$
(433
)
 
 
Income Tax Benefit/(Provision)
Income Tax Benefit/(Provision)
 
Years Ended December 31,
(In millions)
2016
 
2015
 
2014
Current:
 
 
 
 
 
Federal
$
(76
)
 
$
(99
)
 
$
2

State

 

 
21

 
(76
)
 
(99
)
 
23

Deferred
128

 
94

 
5

Income tax benefit/(provision)
$
52

 
$
(5
)
 
$
28

 
 
Allocation of Income Tax Benefit/(Provision)
Allocation of Income Tax Benefit/(Provision)

Years Ended December 31,
(In millions)
2016

2015

2014
Income tax benefit/(provision) applicable to:








Income before income taxes
$
52

 
$
(5
)
 
$
28

 
 
Effective Income Tax Rate Reconciliation
Effective Income Tax Rate Reconciliation
 
Years Ended December 31,
 
2016
 
2015
 
2014
Statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Increases/(decreases) in tax resulting from:
 
 
 
 
 
State taxes, net of federal tax benefit
1.2

 
17.5

 
(6.6
)
Nondeductible goodwill impairment

 

 
(23.4
)
Change in valuation allowance

 

 
(1.7
)
Nondeductible expenses
(0.4
)
 
1.5

 
(0.1
)
Federal tax credits
1.4

 
(11.3
)
 
0.3

Reserve for uncertain tax positions
0.1

 

 
3.0

Other
0.4

 
2.8

 

Effective tax rate
37.7
 %
 
45.5
 %
 
6.5
 %
 
 
Temporary Differences Resulting in Deferred Tax Assets and Liabilities
Temporary Differences Resulting in Deferred Tax Assets and Liabilities
 
As of December 31,
(In millions)
2016
 
2015
Deferred tax assets:
 
 
 
Compensation programs
$
12

 
$
10

Accrued restructuring and support expenses and other
47

 

Allowance for doubtful accounts
7

 
10

CRDA investment obligation
5

 
3

Other
1

 
1

State net operating loss carry forwards
2

 
3

 
74

 
27

Valuation allowance
(8
)
 
(8
)
 
66

 
19

Deferred tax liabilities:
 
 
 
Depreciation and other property related items
912

 
919

Intangibles
88

 
106

Prepaid expenses
9

 
9

Debt costs
97

 
152

 
1,106

 
1,186

Net deferred tax liability
$
1,040

 
$
1,167

 
 
Reconciliation of Unrecognized Tax Benefits
Reconciliation of Unrecognized Tax Benefits
 
Years Ended December 31,
(In millions)
2016
 
2015
 
2014
Balance as of beginning of year
$
3

 
$
3

 
$
13

Additions based on tax positions related to the current year

 

 
1

Expiration of statutes

 

 
(11
)
Balance as of year end
$
3

 
$
3

 
$
3