XML 37 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 118 $ 106
Restricted cash 6 13
Trade receivables (net of allowance for doubtful accounts of $17 and $18) 101 105
Relocation receivables 150 138
Other current assets 206 218
Total current assets 581 580
Property and equipment, net 247 280
Operating lease assets, net 331 380
Goodwill 2,499 2,499
Trademarks 584 586
Franchise agreements, net 821 887
Other intangibles, net 106 127
Other non-current assets 467 500
Total assets 5,636 5,839
Current liabilities:    
Accounts payable 101 99
Securitization obligations 140 115
Current portion of long-term debt 490 307
Current portion of operating lease liabilities 105 113
Accrued expenses and other current liabilities 553 573
Total current liabilities 1,389 1,207
Long-term debt 2,031 2,235
Long-term operating lease liabilities 284 333
Deferred income taxes 207 207
Other non-current liabilities 155 176
Total liabilities 4,066 4,158
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1 1
Additional paid-in capital 4,827 4,813
Accumulated deficit (3,219) (3,091)
Accumulated other comprehensive loss (42) (44)
Total stockholders' equity 1,567 1,679
Noncontrolling interests 3 2
Total equity 1,570 1,681
Total liabilities and equity $ 5,636 $ 5,839
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 111,261,825 110,488,093