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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 520 $ 263
Restricted cash 3 3
Trade receivables (net of allowance for doubtful accounts of $13 and $11) 128 125
Relocation receivables 139 203
Other current assets 154 158
Total current assets 944 752
Property and equipment, net 317 342
Operating lease assets, net 450 550
Goodwill 2,910 3,460
Trademarks 685 749
Franchise agreements, net 1,088 1,160
Other intangibles, net 188 225
Other non-current assets 352 305
Total assets 6,934 7,543
Current liabilities:    
Accounts payable 128 137
Securitization obligations 106 206
Current portion of long-term debt 62 234
Current portion of operating lease liabilities 129 128
Accrued expenses and other current liabilities 600 405
Total current liabilities 1,025 1,110
Long-term debt 3,145 3,211
Long-term operating lease liabilities 430 496
Deferred Income Tax Liabilities, Net 276 390
Other non-current liabilities 291 240
Total liabilities 5,167 5,447
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1 1
Additional paid-in capital 4,876 4,842
Accumulated deficit (3,055) (2,695)
Accumulated other comprehensive loss (59) (56)
Total stockholders' equity 1,763 2,092
Noncontrolling interests 4 4
Total equity 1,767 2,096
Total liabilities and equity $ 6,934 $ 7,543
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 50,000,000 50,000,000
Preferred Stock, Shares Outstanding 0 0
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 400,000,000 400,000,000
Common Stock, Shares, Outstanding 115,457,067 114,355,519