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EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss—The components of accumulated other comprehensive loss, net of tax impacts, were as follows:
| Balance at January 1, 2025 |  | Other comprehensive income (loss) before reclassification |  | Amounts reclassified from accumulated other comprehensive loss |  | Balance at March 31, 2025
Foreign currency translation adjustments | $ | (251) |  |  | $ | 48 |  |  | $ | — |  |  | $ | (203) |
AFS debt securities unrealized fair value adjustments | 2 |  |  | (4) |  |  | — |  |  | (2) |
Derivative instrument adjustments (1) | (20) |  |  | — |  |  | 1 |  |  | (19) |
Accumulated other comprehensive loss | $ | (269) |  |  | $ | 44 |  |  | $ | 1 |  |  | $ | (224) |
(1) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense on our condensed consolidated statements of income related to the settlement of interest rate locks. We expect to reclassify $5 million of losses, net of insignificant tax impacts, over the next 12 months.
| Balance at January 1, 2024 |  | Other comprehensive income (loss) before reclassification |  | Amounts reclassified from accumulated other comprehensive loss |  | Balance at March 31, 2024
Foreign currency translation adjustments (1) | $ | (156) |  |  | $ | (21) |  |  | $ | 3 |  |  | $ | (174) |
AFS debt securities unrealized fair value adjustments | 4 |  |  | (3) |  |  | — |  |  | 1 |
Pension liabilities adjustments (2) | — |  |  | — |  |  | (1) |  |  | (1) |
Derivative instrument adjustments (3) | (23) |  |  | (1) |  |  | 1 |  |  | (23) |
Accumulated other comprehensive loss | $ | (175) |  |  | $ | (25) |  |  | $ | 3 |  |  | $ | (197) |
(1) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income related to the dilution of our ownership interest in an unconsolidated hospitality venture (see Note 4).
(2) Amounts reclassified from accumulated other comprehensive loss primarily included realized gains recognized in gains on sales of real estate and other on our condensed consolidated statements of income related to the UVC Transaction (see Note 4).
(3) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense on our condensed consolidated statements of income related to the settlement of interest rate locks.
Schedule of Class of Treasury Stock | The share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
| Three Months Ended March 31,
| 2025 |  | 2024
Total number of shares repurchased | 1,078,511 |  |  | 2,515,656 |
Weighted-average price per share | $ | 138.50 |  |  | $ | 154.09 |
Aggregate purchase price (1) | $ | 149 |  |  | $ | 388 |
(1) Excludes related insignificant expenses.
Schedule of Dividends Payable | The following tables summarize dividends declared to Class A and Class B stockholders of record:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Class A common stock | $ | 6 |  |  | $ | 6 |  |  |  |  |
Class B common stock | 8 |  |  | 9 |  |  |  |  |
Total cash dividends declared | $ | 14 |  |  | $ | 15 |  |  |  |  |
Date declared |  | Dividend per share amount for Class A and Class B |  | Date of record |  | Date paid
February 13, 2025 |  | $ | 0.15 |  |  | February 28, 2025 |  | March 12, 2025
February 14, 2024 |  | $ | 0.15 |  |  | February 28, 2024 |  | March 12, 2024

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