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Geographic and Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Revenues and Long-Lived Assets by Geographical Area

The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):

						2024												2023												2022
						Revenues						Property and Equipment, net						Revenues						Property and Equipment, net						Revenues						Property and Equipment, net
United States						$	5,583					$	10,852					$	5,219					$	9,556					$	4,836					$	9,678
Brazil						26						27						22						35						17						33
Canada						75						27						70						33						54						37
Total						$	5,684					$	10,906					$	5,311					$	9,624					$	4,907					$	9,748

Summary of Segment Reporting Information, by Segment

The following table presents revenues, significant expenses, and EBITDA for our reportable segment (in millions):

						2024												2023												2022
						Hotel Ownership						Total						Hotel Ownership						Total						Hotel Ownership						Total
Revenues
Rooms						$	3,426					$	3,426					$	3,244					$	3,244					$	3,014					$	3,014
Food and beverage						1,716						1,716						1,582						1,582						1,418						1,418
Other						542						542						485						485						475						475
Total revenues						5,684						5,684						5,311						5,311						4,907						4,907
Expenses
Rooms						849						849						787						787						727						727
Food and beverage						1,137						1,137						1,042						1,042						928						928
Other departmental and support expenses						1,383						1,383						1,280						1,280						1,181						1,181
Management fees						254						254						249						249						217						217
Other property-level expenses						411						411						383						383						325						325
Other segment items (1)						(40)						(40)						(83)						(83)						(11)						(11)
Segment EBITDA						1,690						1,690						1,653						1,653						1,540						1,540
Adjustments and reconciling items:
Depreciation and amortization												(762)												(697)												(664)
Corporate and other expenses												(123)												(132)												(107)
Net gain on property insurance settlements												70												3												6
Interest income												54												75												30
Interest expense												(215)												(191)												(156)
Other gains												—												71												17
Equity in earnings of affiliates												7												6												3
Provision for income taxes												(14)												(36)												(26)
Consolidated Net Income												$	707											$	752											$	643
Capital Expenditures						$	548					$	548					$	646					$	646					$	504					$	504

_____________

(1)Other segment items consist of gain on business interruption proceeds. This amount, combined with net gain on property insurance settlements, make up the amount of net gain on insurance settlements on our consolidated statements of operations.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-Publisher FASB
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