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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES        
Net income $ 225 $ 242 $ 476 $ 514
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 195 188 391 368
Amortization of finance costs, discounts and premiums, net     6 5
Non-cash stock-based compensation expense     11 11
Other gains (22) 0 (26) 0
Net gain on property insurance settlements 0 (26) 0 (47)
Equity in earnings of affiliates (4) (2) (14) (10)
Change in due from/to managers     (58) (40)
Distributions from investments in affiliates     9 10
Payments for inventory costs     (43) (19)
Changes in other assets     31 38
Changes in other liabilities     (34) (12)
Net cash provided by operating activities     749 818
INVESTING ACTIVITIES        
Proceeds from sales of assets, net     63 0
Proceeds from loan receivable     79 0
Return of investments in affiliates     3 0
Advances to and investments in affiliates     (55) (32)
Acquisitions     0 (566)
Capital expenditures:        
Renewals and replacements     (189) (147)
Return on investment     (109) (77)
Property insurance proceeds     10 47
Net cash used in investing activities     (198) (775)
FINANCING ACTIVITIES        
Financing costs     (4) (6)
Issuances of debt     494 590
Draws on credit facility     0 365
Repayment of credit facility     0 (365)
Repurchase/redemption of senior notes     (500) (400)
Mortgage debt and other prepayments and scheduled maturities     (1) (1)
Common stock repurchases     (205) (50)
Dividends on common stock     (348) (457)
Distributions and payments to non-controlling interests     (5) (7)
Other financing activities     (14) (22)
Net cash used in financing activities     (583) (353)
Effects of exchange rate changes on cash held     5 (4)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     (27) (314)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     798 1,363
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 771 1,049 771 1,049
Supplemental disclosure of cash flow information:        
Cash and cash equivalents 490 805 490 805
Restricted cash (included in other assets) 2 2 2 2
Cash included in furniture, fixtures and equipment replacement fund 279 242 279 242
Total cash and cash equivalents and restricted cash shown in the statements of cash flows $ 771 $ 1,049 771 1,049
Total interest paid     119 91
Income taxes paid     $ 7 $ 5