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v3.25.3

Geographic and Business Segment Information - Summary of Segment Reporting Information, by Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 1,331 | $ 1,319 | $ 4,511 | $ 4,256
Other property-level expenses | 103 | 108 | 321 | 313
Other segment items | (5) | 0 | (24) | (40)
Segment EBITDA | 324 | 328 | 1,333 | 1,288
Depreciation and amortization | (196) | (197) | (587) | (565)
Corporate and other expenses | (27) | (25) | (83) | (81)
Net gain on property insurance settlements | 0 | 29 | 0 | 76
Interest income | 7 | 11 | 22 | 43
Interest expense | (60) | (59) | (175) | (156)
Other gains | 122 | 1 | 148 | 1
Equity in earnings of affiliates | 2 | 2 | 16 | 12
Provision for income taxes | (9) | (6) | (35) | (20)
NET INCOME | 163 | 84 | 639 | 598
Capital Expenditures |  |  | 454 | 375
Hotel Ownership |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,331 | 1,319 | 4,511 | 4,256
Other property-level expenses | 103 | 108 | 321 | 313
Other segment items | (5) | 0 | (24) | (40)
Segment EBITDA | 324 | 328 | 1,333 | 1,288
Capital Expenditures |  |  | 454 | 375
Rooms |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 826 | 825 | 2,713 | 2,563
Expenses | 222 | 216 | 680 | 632
Rooms | Hotel Ownership |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 826 | 825 | 2,713 | 2,563
Expenses | 222 | 216 | 680 | 632
Food and beverage |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 364 | 365 | 1,345 | 1,285
Expenses | 278 | 267 | 914 | 848
Food and beverage | Hotel Ownership |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 364 | 365 | 1,345 | 1,285
Expenses | 278 | 267 | 914 | 848
Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 141 | 129 | 453 | 408
Expenses | 357 | 345 | 1,096 | 1,022
Other | Hotel Ownership |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 141 | 129 | 453 | 408
Expenses | 357 | 345 | 1,096 | 1,022
Management fees |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Expenses | 52 | 55 | 191 | 193
Management fees | Hotel Ownership |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Expenses | $ 52 | $ 55 | $ 191 | $ 193

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