XML 32 R18.htm IDEA: XBRL DOCUMENT v3.25.2
INTANGIBLES, NET
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES, NET INTANGIBLES, NET
June 30, 2025
  Weighted- average useful lives in years  Gross carrying value  Accumulated amortization  Net carrying value
Management and hotel services agreement and franchise agreement intangibles20$1,580 $(338)$1,242 
Brand and other indefinite-lived intangibles—814 — 814 
Customer relationships intangibles10411 (177)234 
Other intangibles1037 (13)24 
Total$2,842 $(528)$2,314 
December 31, 2024
  Gross carrying value  Accumulated amortization  Net carrying value
Management and hotel services agreement and franchise agreement intangibles$1,368 $(290)$1,078 
Brand and other indefinite-lived intangibles806 — 806 
Customer relationships intangibles410 (153)257 
Other intangibles35 (9)26 
Total$2,619 $(452)$2,167 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Amortization expense$37 $31 $73 $67 
During the three and six months ended June 30, 2025, we recognized $2 million and $6 million, respectively, of impairment charges, and during the three and six months ended June 30, 2024, we recognized no amount and $2 million, respectively, of impairment charges in asset impairments on our condensed consolidated statements of income (loss). The impairment charges were related to management agreement intangibles and were a result of contract terminations within our management and franchising segment.
For additional information about acquisition and disposition activity impacting intangibles, see Note 7.