Property and Equipment (Notes)

9 Months Ended

Sep. 30, 2017

Property and Equipment, Net [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property and Equipment



(In millions)	September 30, 2017			December 31, 2016
Land and land improvements	$	2,498		$	2,498
Buildings and improvements	2,819			2,789
Furniture, fixtures, and equipment	708			673
Construction in progress	70			22
Total property and equipment	6,095			5,982
Less: accumulated depreciation	(1,226		)	(1,077		)
Total property and equipment, net	$	4,869		$	4,905

Depreciation Expense and Capitalized Interest

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2017		2016		2017		2016
Depreciation expense ⁽¹⁾	$	72	$	49	$	155	$	152
Capitalized interest	1		—		2		1

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⁽¹⁾

Depreciation expense for the three and nine months ended September 30, 2017 includes accelerated depreciation of $31 million and $32 million, respectively, due to asset removal and replacement in connection with property renovations primarily at Harrah’s Las Vegas and Flamingo Las Vegas compared with $8 million and $32 million during the three and nine months ended September 30, 2016, respectively. The expense during the prior year quarter related to certain assets primarily at Paris Las Vegas, and during the nine months ended September 30, 2016, it related to assets primarily at Harrah’s Las Vegas, Paris Las Vegas, and Flamingo Las Vegas.

Caesars Entertainment Resort Properties, LLC 10-Q