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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Debt Repayment and Other Guarantees We enter into various debt repayment guarantees, as summarized below, in order to assist third-party owners, franchisees, and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms.
Geographical regionMaximum potential future payments (1)Maximum exposure net of recoverability from third parties (1), (2)
Other long-term liabilities recorded at September 30, 2025
Other long-term liabilities recorded at December 31, 2024
Year of guarantee expiration (3)
United States (4)$77 $21 $23 $51 various, through 2030
All foreign33 20 various, through 2028
Total $110 $41 $31 $58 
(1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default.
(2) We have agreements with our unconsolidated hospitality venture partners or the respective third-party owners or franchisees to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security.
(3) Certain underlying debt agreements have extension periods which are not reflected in the year of guarantee expiration.
(4) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the activity in our contingent consideration liabilities:
20252024
Fair value at January 1$217 $115 
Change in fair value (Note 19)
(8)(11)
Payments(3)— 
Foreign currency exchange, net (Note 19)
— 
Fair value at June 30$209 $104 
Change in fair value (Note 19)
(6)(9)
Payments(1)— 
Fair value at September 30$202 $95