XML 113 R99.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENT INFORMATION - Schedule of Segment Adjusted EBITDA to Income Before Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information        
Total revenues $ 1,808 $ 1,703 $ 3,526 $ 3,417
Stock-based compensation expense (14) (15) (45) (46)
Transaction and integration costs (82) (10) (105) (18)
Depreciation and amortization (82) (84) (162) (176)
Equity earnings (losses) from unconsolidated hospitality ventures 6 (30) (6) 45
Interest expense (74) (40) (140) (78)
Gains (losses) on sales of real estate and other (2) 350 (2) 753
Asset impairments (10) 0 (14) (17)
Other income (loss), net 29 28 72 82
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA (17) (17) (29) (34)
Income before income taxes 38 462 90 1,003
Contra revenue        
Segment Reporting Information        
Total revenues (15) (16) (35) (29)
Revenues for reimbursed costs        
Segment Reporting Information        
Total revenues 945 842 1,831 1,644
Reimbursed costs        
Segment Reporting Information        
Reimbursed costs (949) (853) (1,851) (1,689)
Segment Adjusted EBITDA        
Segment Reporting Information        
Total revenues 1,824 1,723 3,555 3,459
Segment Adjusted EBITDA | Contra revenue        
Segment Reporting Information        
Total revenues (15) (16) (35) (29)
Segment Adjusted EBITDA | Revenues for reimbursed costs        
Segment Reporting Information        
Total revenues 945 842 1,831 1,644
Segment Adjusted EBITDA | Segment Total        
Segment Reporting Information        
Segment Adjusted EBITDA 345 344 657 648
Unallocated overhead expenses        
Segment Reporting Information        
Segment Adjusted EBITDA (42) (37) (82) (83)
Eliminations        
Segment Reporting Information        
Segment Adjusted EBITDA 0 0 1 1
Total revenues (16) (20) (29) (42)
Eliminations | Contra revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Revenues for reimbursed costs        
Segment Reporting Information        
Total revenues $ 0 $ 0 $ 0 $ 0