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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 214 $ 735
Restricted cash 4 8
Trade receivables (net of allowance for doubtful accounts of $12 and $11) 201 123
Relocation receivables 210 139
Other current assets 205 183
Total current assets 834 1,188
Property and equipment, net 317 310
Operating lease assets, net 422 453
Goodwill 2,523 2,923
Trademarks 611 687
Franchise agreements, net 954 1,021
Other intangibles, net 150 171
Other non-current assets 572 457
Total assets 6,383 7,210
Current liabilities:    
Accounts payable 184 130
Securitization obligations 163 118
Current portion of long-term debt 366 10
Current portion of operating lease liabilities 122 128
Accrued expenses and other current liabilities 470 666
Total current liabilities 1,305 1,052
Long-term debt 2,483 2,940
Long-term operating lease liabilities 371 417
Deferred income taxes 239 353
Other non-current liabilities 218 256
Total liabilities 4,616 5,018
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1 1
Additional paid-in capital 4,805 4,947
Accumulated deficit (2,994) (2,712)
Accumulated other comprehensive loss (48) (50)
Total stockholders' equity 1,764 2,186
Noncontrolling interests 3 6
Total equity 1,767 2,192
Total liabilities and equity $ 6,383 $ 7,210
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 109,480,357 116,588,430