7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 
      
    		                                                  
      cash flows from operating activities:
    		                                                  
      net income
    		-50,000,000 -4,000,000 24,000,000 471,000,000 359,000,000 522,000,000 26,000,000 68,000,000 68,000,000 58,000,000 294,000,000 28,000,000 206,000,000 -73,000,000 -29,000,000 120,000,000 -9,000,000 -304,000,000 -203,000,000 -161,000,000 -236,000,000 -103,000,000 321,000,000 296,000,000 86,000,000 63,000,000 44,000,000 237,000,000 77,000,000 411,000,000 76,000,000 17,000,000 87,000,000 70,000,000 41,000,000 62,000,000 67,000,000 34,000,000 37,000,000 25,000,000 40,000,000 22,000,000 182,000,000 33,000,000 75,000,000 56,000,000 30,000,000 55,000,000 112,000,000 8,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                  
      depreciation and amortization
    		83,000,000 82,000,000 80,000,000 81,000,000 84,000,000 92,000,000 100,000,000 100,000,000 99,000,000 98,000,000 106,000,000 96,000,000 105,000,000 119,000,000 91,000,000 71,000,000 74,000,000 74,000,000 77,000,000 80,000,000 73,000,000 80,000,000 81,000,000 85,000,000 83,000,000 80,000,000 84,000,000 81,000,000 79,000,000 83,000,000 92,000,000 92,000,000 91,000,000 91,000,000 88,000,000 87,000,000 86,000,000 81,000,000 87,000,000 78,000,000 76,000,000 79,000,000 85,000,000 91,000,000 83,000,000 95,000,000 91,000,000 81,000,000 85,000,000 88,000,000 
      (gains) losses on sales of real estate and other
    		0   -514,000,000                                               
      amortization of share awards
    		15,000,000 15,000,000 31,000,000 9,000,000 15,000,000 31,000,000 15,000,000 14,000,000 15,000,000 31,000,000 14,000,000 3,000,000 13,000,000 31,000,000 10,000,000 8,000,000 9,000,000 32,000,000 4,000,000 4,000,000 3,000,000 17,000,000 3,000,000 5,000,000 6,000,000 21,000,000                         
      amortization of operating lease right-of-use assets
    		8,000,000 9,000,000 8,000,000 9,000,000 9,000,000 10,000,000 14,000,000 9,000,000 10,000,000 9,000,000 10,000,000 8,000,000 8,000,000 9,000,000 7,000,000 6,000,000 6,000,000 8,000,000 8,000,000 7,000,000 8,000,000 8,000,000                             
      deferred income taxes
    		1,000,000 -1,000,000 -24,000,000 -5,000,000 -3,000,000 -87,000,000 -61,000,000 -37,000,000 -8,000,000 -19,000,000 -252,000,000 -5,000,000   -10,000,000 7,000,000 3,000,000 200,000,000 0 -6,000,000 -8,000,000 -45,000,000 -4,000,000 28,000,000 3,000,000 1,000,000 -26,000,000 5,000,000 -2,000,000 -10,000,000    -16,000,000 13,000,000 -14,000,000 -1,000,000 -1,000,000 -60,000,000 -36,000,000 -10,000,000 3,000,000 -12,000,000 -19,000,000 -2,000,000 5,000,000 -48,000,000 0 43,000,000 -2,000,000 
      asset impairments
    		9,000,000 10,000,000 4,000,000 35,000,000 0 17,000,000 17,000,000 6,000,000 5,000,000 2,000,000 19,000,000 9,000,000   6,000,000 0   10,000,000 0   5,000,000                0    10,000,000 0   11,000,000 0 3,000,000 8,000,000 
      equity (earnings) losses from unconsolidated hospitality ventures
    		34,000,000 -6,000,000 12,000,000 13,000,000 30,000,000 -75,000,000 5,000,000   2,000,000 -11,000,000 -2,000,000 -1,000,000 9,000,000 -20,000,000 12,000,000 34,000,000 -54,000,000                                 
      contra revenue
    		34,000,000 15,000,000 20,000,000 27,000,000 16,000,000 13,000,000 13,000,000 12,000,000 12,000,000 10,000,000 4,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 8,000,000                                 
      (gains) losses, net on marketable securities
    		-3,000,000                                                  
      contingent consideration liabilities fair value adjustments
    		-6,000,000                                                  
      payments for key money assets
    		-44,000,000 -38,000,000 -18,000,000                                                
      deferred revenue related to the loyalty program
    		43,000,000 46,000,000 90,000,000                                                
      working capital changes and other
    		-144,000,000 -184,000,000 -64,000,000  9,000,000 139,000,000  -116,000,000 -74,000,000 77,000,000  -162,000,000 64,000,000 66,000,000  348,000,000 15,000,000 -47,000,000  -76,000,000 -115,000,000 -138,000,000  23,000,000 -10,000,000 -134,000,000  -46,000,000 -186,000,000 85,000,000  -5,000,000 9,000,000 -35,000,000  -12,000,000 24,000,000 -62,000,000  111,000,000 29,000,000 -94,000,000  -12,000,000 33,000,000 -60,000,000  82,000,000 -20,000,000 -84,000,000 
      net cash from operating activities
    		-20,000,000 -67,000,000 153,000,000 -21,000,000 177,000,000 242,000,000 374,000,000 55,000,000 146,000,000 225,000,000 271,000,000 20,000,000 203,000,000 180,000,000 106,000,000 267,000,000 33,000,000 -91,000,000 -148,000,000 -133,000,000 -230,000,000 -100,000,000 122,000,000 95,000,000 166,000,000 13,000,000 209,000,000 102,000,000 -24,000,000 54,000,000 170,000,000 131,000,000 169,000,000 150,000,000 138,000,000 112,000,000 188,000,000 51,000,000 142,000,000 212,000,000 169,000,000 15,000,000 111,000,000 109,000,000 204,000,000 49,000,000 100,000,000 194,000,000 135,000,000 27,000,000 
      cash flows from investing activities:
    		                                                  
      purchases of marketable securities and short-term investments
    		-141,000,000 -183,000,000 -172,000,000 -308,000,000 -703,000,000 -310,000,000 -105,000,000 -148,000,000 -195,000,000 -35,000,000 -172,000,000 -118,000,000 -467,000,000 -195,000,000 -100,000,000 -90,000,000 -180,000,000 -423,000,000 -521,000,000 -322,000,000 -190,000,000 -110,000,000 -154,000,000 -86,000,000 -43,000,000 -67,000,000 -93,000,000 -133,000,000 -342,000,000 -97,000,000 -104,000,000 -114,000,000 -140,000,000 -111,000,000 -99,000,000 -139,000,000 -141,000,000 -85,000,000 -80,000,000 -153,000,000 -140,000,000 -157,000,000 -151,000,000 -56,000,000 -102,000,000 -112,000,000 -55,000,000 -195,000,000 -20,000,000 -31,000,000 
      proceeds from marketable securities and short-term investments
    		149,000,000 142,000,000 481,000,000 976,000,000 53,000,000 175,000,000 117,000,000 151,000,000 222,000,000 86,000,000 174,000,000 499,000,000 224,000,000 163,000,000 238,000,000 339,000,000 140,000,000 523,000,000 143,000,000 92,000,000 198,000,000 109,000,000 94,000,000 90,000,000 42,000,000 123,000,000 198,000,000 79,000,000 243,000,000 104,000,000 116,000,000 112,000,000 133,000,000 119,000,000 84,000,000 141,000,000 149,000,000 83,000,000 99,000,000 102,000,000 145,000,000 175,000,000 71,000,000 54,000,000 93,000,000 102,000,000 58,000,000 199,000,000 407,000,000 77,000,000 
      contributions to equity method and other investments
    		-18,000,000 -7,000,000 -46,000,000 -56,000,000 -16,000,000 -6,000,000 -7,000,000 -1,000,000 -4,000,000 -31,000,000 -1,000,000 -2,000,000 -2,000,000 -3,000,000 -1,000,000 -4,000,000 -8,000,000 -16,000,000 -8,000,000 -10,000,000 -26,000,000 -21,000,000 -9,000,000 -23,000,000 -9,000,000 -7,000,000 -8,000,000 -28,000,000 -14,000,000 -10,000,000                     
      return of equity method and other investments
    		0 2,000,000 8,000,000 6,000,000   0    16,000,000 15,000,000   73,000,000 0   0 3,000,000 0 2,000,000 2,000,000 2,000,000   27,000,000 11,000,000 1,000,000 12,000,000                     
      acquisitions, net of cash acquired
    		-7,000,000   0   0 0   0 -135,000,000 0 -39,000,000 -2,679,000,000 -7,000,000 -146,000,000 -84,000,000     0 0 -3,000,000 -15,000,000 -415,000,000 -258,000,000   0 -16,000,000 2,000,000 -245,000,000 -161,000,000 -93,000,000       -157,000,000    -729,000,000 0 0 -85,000,000 
      capital expenditures
    		-69,000,000 -44,000,000 -30,000,000 -43,000,000 -42,000,000 -34,000,000 -64,000,000 -54,000,000 -50,000,000 -30,000,000 -59,000,000 -38,000,000 -61,000,000 -43,000,000 -46,000,000 -28,000,000 -18,000,000 -19,000,000 -18,000,000 -16,000,000 -33,000,000 -55,000,000 -125,000,000 -98,000,000 -80,000,000 -66,000,000 -102,000,000 -74,000,000 -61,000,000 -60,000,000 -86,000,000 -79,000,000 -83,000,000 -50,000,000 -71,000,000 -55,000,000 -47,000,000 -38,000,000 -84,000,000 -63,000,000 -61,000,000 -61,000,000 -85,000,000 -57,000,000 -70,000,000 -41,000,000 -82,000,000 -58,000,000 -49,000,000 -43,000,000 
      free cash flows
    		-89,000,000 -111,000,000 123,000,000 -64,000,000 135,000,000 208,000,000 310,000,000 1,000,000 96,000,000 195,000,000 212,000,000 -18,000,000 142,000,000 137,000,000 60,000,000 239,000,000 15,000,000 -110,000,000 -166,000,000 -149,000,000 -263,000,000 -155,000,000 -3,000,000 -3,000,000 86,000,000 -53,000,000 107,000,000 28,000,000 -85,000,000 -6,000,000 84,000,000 52,000,000 86,000,000 100,000,000 67,000,000 57,000,000 141,000,000 13,000,000 58,000,000 149,000,000 108,000,000 -46,000,000 26,000,000 52,000,000 134,000,000 8,000,000 18,000,000 136,000,000 86,000,000 -16,000,000 
      issuance of financing receivables
    		-9,000,000   -6,000,000   -12,000,000 -11,000,000 -7,000,000 -13,000,000 -3,000,000 -12,000,000   -1,000,000 -12,000,000                           0        
      proceeds from sales of real estate, net of cash disposed
    		22,000,000           -1,000,000    491,000,000    0 0 78,000,000 479,000,000    48,000,000 342,000,000 0 992,000,000 367,000,000 0    49,000,000    0 17,000,000 69,000,000         
      other investing activities
    		6,000,000 5,000,000 7,000,000   3,000,000 9,000,000 0 -5,000,000 -1,000,000 -21,000,000 21,000,000 13,000,000 7,000,000 0 2,000,000 5,000,000 -12,000,000 11,000,000 -21,000,000 -6,000,000 10,000,000 -3,000,000 1,000,000 13,000,000 -7,000,000 2,000,000 -1,000,000 17,000,000 -6,000,000 -12,000,000 -3,000,000 -14,000,000 1,000,000 -11,000,000 8,000,000 -30,000,000 26,000,000 -12,000,000 -8,000,000 -18,000,000 9,000,000 8,000,000 -32,000,000 9,000,000 -7,000,000 -27,000,000 -5,000,000 -16,000,000 10,000,000 
      net cash from investing activities
    		-67,000,000 -1,359,000,000 239,000,000  -348,000,000 42,000,000 -61,000,000 -66,000,000 -89,000,000 -149,000,000 -14,000,000 229,000,000 311,000,000 -110,000,000 -2,510,000,000 691,000,000 78,000,000 -31,000,000 -418,000,000 -274,000,000 -57,000,000 13,000,000 287,000,000 393,000,000 -56,000,000 -39,000,000 -338,000,000 -62,000,000 -161,000,000 935,000,000 494,000,000 -46,000,000 -88,000,000 -94,000,000 -286,000,000 -71,000,000 -11,000,000 -12,000,000 -71,000,000 -87,000,000 70,000,000 41,000,000 623,000,000 -451,000,000 -128,000,000 329,000,000 -325,000,000 -134,000,000 415,000,000 -103,000,000 
      cash flows from financing activities:
    		                                                  
      proceeds from debt, net of issuance costs of 15 and 14 for the nine months ended september 30, 2025 and september 30, 2024, respectively
    		                                                  
      repayments and repurchases of debt
    		-23,000,000 -1,076,000,000 -451,000,000 -747,000,000 -1,000,000 -1,000,000 -1,000,000 -639,000,000 -6,000,000 -14,000,000  -1,000,000                                       
      repurchases of common stock
    		-30,000,000 0 -149,000,000 -657,000,000 -134,000,000 -388,000,000 -95,000,000 -144,000,000 -108,000,000 -106,000,000 -106,000,000 -162,000,000        0 0 -69,000,000  -133,000,000 -45,000,000 -102,000,000  -66,000,000 -513,000,000 -75,000,000                     
      dividends paid
    		-15,000,000 -14,000,000 -14,000,000 -15,000,000 -16,000,000 -15,000,000 -15,000,000 -16,000,000           0 0 0 -20,000,000 -20,000,000 -20,000,000 -20,000,000 -20,000,000 -16,000,000 -17,000,000 -17,000,000 -18,000,000                     
      payment of withholding taxes for stock-based compensation
    		-1,000,000 0 -23,000,000 -1,000,000 0 -40,000,000                                             
      other financing activities
    		0 -8,000,000 -13,000,000 -1,000,000   -1,000,000 0 0 -13,000,000 -1,000,000 0 -3,000,000 -14,000,000 -1,000,000 -3,000,000 -1,000,000 -13,000,000 -1,000,000 0 -7,000,000 -7,000,000 2,000,000 1,000,000 -8,000,000 -2,000,000 2,000,000 -1,000,000 -7,000,000 -5,000,000 -8,000,000 3,000,000 -4,000,000 -3,000,000 -4,000,000 5,000,000 -3,000,000 -4,000,000 -5,000,000 8,000,000 -4,000,000 -6,000,000 -5,000,000 2,000,000 -4,000,000 -7,000,000 -1,000,000 -1,000,000 -2,000,000 -2,000,000 
      net cash from financing activities
    		-69,000,000 596,000,000 340,000,000 -1,421,000,000 681,000,000 -444,000,000 -112,000,000 -203,000,000 -130,000,000 -133,000,000 -801,000,000 -163,000,000 -128,000,000 -14,000,000 988,000,000 316,000,000 -2,000,000 -14,000,000 -2,000,000 741,000,000 533,000,000 253,000,000 -161,000,000 -237,000,000 -138,000,000 -5,000,000 -307,000,000 104,000,000 -538,000,000 -109,000,000 -537,000,000 -100,000,000 -56,000,000 -165,000,000 89,000,000 -138,000,000 -311,000,000 264,000,000 -181,000,000 -190,000,000 -151,000,000 -193,000,000 -320,000,000 50,000,000 -271,000,000 -66,000,000 -91,000,000 2,000,000 -157,000,000 -18,000,000 
      effect of exchange rate changes on cash
    		3,000,000 -8,000,000 -8,000,000 -7,000,000 -2,000,000 -2,000,000 3,000,000 1,000,000 -2,000,000 -4,000,000 -8,000,000 15,000,000 6,000,000 5,000,000 0 4,000,000 -12,000,000 5,000,000 -5,000,000 -3,000,000 1,000,000 3,000,000 -5,000,000 2,000,000   2,000,000 2,000,000 4,000,000 -3,000,000   1,000,000 1,000,000  -1,000,000 5,000,000 11,000,000  -10,000,000 -7,000,000 15,000,000 -4,000,000 2,000,000 -5,000,000 -1,000,000   -5,000,000 11,000,000 
      net increase in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within current assets held for sale
    		-153,000,000 -838,000,000 724,000,000 -160,000,000   204,000,000   -61,000,000    61,000,000                                     
      change in cash, cash equivalents, and restricted cash classified within current assets held for sale
    		0                                                  
      net increase in cash, cash equivalents, and restricted cash
    		-153,000,000 -888,000,000 724,000,000 -160,000,000   201,000,000 -213,000,000 -75,000,000 -61,000,000 -550,000,000 99,000,000 399,000,000 54,000,000 -1,416,000,000 1,278,000,000 97,000,000 -131,000,000 -573,000,000 331,000,000 247,000,000 169,000,000 243,000,000 253,000,000 -24,000,000 -31,000,000 -434,000,000 155,000,000 -728,000,000 877,000,000                     
      cash, cash equivalents, and restricted cash—beginning of period
    		0 0 1,015,000,000 0                                               
      cash, cash equivalents, and restricted cash—end of period
    		-153,000,000 -888,000,000 1,739,000,000 -160,000,000 508,000,000 760,000,000  -213,000,000 -75,000,000 1,006,000,000  99,000,000 399,000,000 1,119,000,000  1,278,000,000 97,000,000 1,106,000,000 -573,000,000 331,000,000 247,000,000 1,232,000,000 243,000,000 253,000,000 -24,000,000 591,000,000 -434,000,000 155,000,000 -728,000,000 1,629,000,000                     
      proceeds from debt, net of issuance costs of 15 and 14 for the six months ended june 30, 2025 and june 30, 2024, respectively
    		                                                  
      represents a 9 million payment for proration adjustments during the six months ended june 30, 2025 related to the sale of hyatt regency orlando and an adjacent undeveloped land parcel. at december 31, 2024, the liability was recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheet.
    		                                                  
      gains on sales of real estate and other
    		     -403,000,000 0         -307,000,000                                   
      unrealized gains
    		  -10,000,000   -13,000,000                                             
      proceeds from sales of real estate and other, net of cash disposed
    		  -9,000,000 723,000,000 473,000,000 214,000,000 0                                            
      proceeds from debt, net of issuance costs of 9 and —, respectively
    		  990,000,000                                                
      net increase in cash, cash equivalents, and restricted cash classified within assets held for sale
    		                                                  
      represents a 9 million payment for proration adjustments during the three months ended march 31, 2025 related to the sale of hyatt regency orlando and an adjacent undeveloped land parcel. at december 31, 2024, the liability was recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheet.
    		                                                  
      unrealized (gains) losses
    		   2,000,000   -27,000,000 16,000,000 18,000,000 -43,000,000 -13,000,000 24,000,000 34,000,000 10,000,000 6,000,000 -7,000,000 -5,000,000 -8,000,000 -23,000,000 -8,000,000 -35,000,000 79,000,000                             
      distributions from unconsolidated hospitality ventures
    		      1,000,000    5,000,000           2,000,000 3,000,000    7,000,000                        
      contingent consideration liability fair value adjustment
    		   -9,000,000 -7,000,000 -4,000,000                                             
      net cash from (used) in investing activities
    		                                                  
      proceeds from debt, net of issuance costs of 14 and 4, respectively
    		                                                  
      net change in cash, cash equivalents, and restricted cash classified as assets held for sale
    		   0 0 3,000,000                                             
      proceeds from debt, net of issuance costs of 14 and 0, respectively
    		                                                  
      net decrease in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within current assets held for sale
    		     -162,000,000                                             
      net decrease in cash, cash equivalents, and restricted cash
    		     -159,000,000                                             
      cash, cash equivalents, and restricted cash—beginning of year
    		     919,000,000 0 0 0 1,067,000,000 0 0 0 1,065,000,000 0 0 0 1,237,000,000 0 0 0 1,063,000,000 0 0 0 622,000,000 0 0 0 752,000,000                     
      loss on extinguishment of debt
    		          1,000,000 0                                       
      other
    		                                                  
      increase in cash attributable to changes in assets and liabilities
    		                                                  
      receivables
    		                                                  
      prepaid income taxes
    		                                                  
      prepaids and other assets
    		                                                  
      other long-term assets
    		                                                  
      accounts payable, accrued expenses, and other current liabilities
    		                                                  
      contract liabilities
    		                                                  
      operating lease liabilities
    		                                                  
      accrued compensation and benefits
    		                                                  
      other long-term liabilities
    		                                                  
      proceeds from financing receivables
    		                      0            37,000,000    0    55,000,000    1,000,000    
      proceeds from debt, net of issuance costs of 4, —, and 11, respectively
    		                                                  
      proceeds from issuance of class a common stock, net of offering costs of —, —, and 25, respectively
    		                                                  
      utilization of restricted cash for legal defeasance of series 2005 bonds
    		          0 0                                       
      cash, cash equivalents, and restricted cash reclassified to assets held for sale
    		             -7,000,000                                     
      cash, cash equivalents, and restricted cash—end of year
    		                                                  
      proceeds from debt, net of issuance costs of 4 and —, respectively
    		                                                  
      gains on sales of real estate
    		           1,000,000        0 0 -8,000,000 -349,000,000 -373,000,000 0 -1,000,000  -239,000,000 -1,000,000 -529,000,000          0 -1,000,000 -8,000,000  -3,000,000 -1,000,000 -61,000,000  -26,000,000   
      equity losses from unconsolidated hospitality ventures
    		                     2,000,000    3,000,000  6,000,000 -2,000,000 13,000,000                     
      acquisitions
    		         -125,000,000                                         
      increase in cash attributable to changes in assets and liabilities and other
    		                                                  
      proceeds from long-term debt, net of issuance costs of —, 11, and 15, respectively
    		                                                  
      repurchases and repayments of debt
    		                                                  
      proceeds from issuance of class a common stock, net of offering costs of —, 25, and —, respectively
    		                                                  
      proceeds from issuance of class a common stock, net of offering costs of — and 25, respectively
    		                                                  
      release of contingent consideration liability
    		                      -1,000,000 -2,000,000 -2,000,000 -25,000,000                         
      gain on sale of contractual right
    		                                                  
      proceeds from sale of contractual right
    		                                                  
      proceeds from long-term debt, net of issuance costs of 11, 15, and —, respectively
    		                                                  
      repayments of debt
    		              -960,000,000 -256,000,000 -1,000,000 -1,000,000 -1,000,000 -4,000,000 -350,000,000 -51,000,000 -222,000,000 -145,000,000 -41,000,000 -1,000,000 -1,000,000 -208,000,000 -1,000,000 -21,000,000 -391,000,000 -96,000,000                   
      repurchase of common stock
    		                              -188,000,000 -207,000,000 0 -348,000,000 -4,000,000 -137,000,000 -68,000,000 -63,000,000 -176,000,000 -195,000,000 -157,000,000 -187,000,000 -215,000,000 -79,000,000 -90,000,000 -59,000,000 -23,000,000 -29,000,000 -196,000,000 -27,000,000 
      proceeds from issuance of class a common stock, net of offering costs of 25, —, and —, respectively
    		                                                  
      contingent consideration paid
    		                      0 0                           
      proceeds from debt, net of issuance costs of — and 15, respectively
    		                                                  
      proceeds from issuance of class a common stock, net of offering costs of 25 and —, respectively
    		                                                  
      proceeds from debt, net of issuance costs of — and 10, respectively
    		                                                  
      proceeds from debt
    		                        0 120,000,000   0 20,000,000                     
      proceeds from long-term debt, net of issuance costs of 15, —, and 4, respectively
    		                                                  
      amortization of management and franchise agreement assets constituting payments to customers
    		                   7,000,000 7,000,000 6,000,000 6,000,000 5,000,000 6,000,000 5,000,000 5,000,000 5,000,000                       
      proceeds from debt, net of issuance costs of 15 and — for the nine months ended september 30, 2020 and september 30, 2019, respectively
    		                                                  
      proceeds from debt, net of issuance costs of 10 and -, respectively
    		                                                  
      proceeds from long-term debt
    		                     400,000,000                  1,000,000          11,000,000 
      realized (gains) losses
    		                                                  
      inventories
    		                                                  
      pre-condemnation proceeds
    		                                                  
      proceeds from long-term debt, net of issuance costs of -, 4, and -, respectively
    		                                                  
      proceeds from redeemable noncontrolling interest in preferred shares in a subsidiary
    		                                                  
      repayments of redeemable noncontrolling interest in preferred shares in a subsidiary
    		                          0 0 0 -10,000,000                     
      proceeds from long-term debt, net of issuance costs - and 4, respectively
    		                                                  
      net increase in cash, cash equivalents, and restricted cash, including cash classified within current assets held for sale
    		                                                  
      impairment of assets
    		                          4,000,000                        
      equity earnings from unconsolidated hospitality ventures
    		                                                  
      (gains) losses on sales of real estate
    		                              -17,000,000 0    0               
      realized losses
    		                          1,000,000 0 1,000,000 1,000,000                     
      proceeds from debt, net of issuance costs of 4, -, and 4, respectively
    		                                                  
      proceeds from debt, net of issuance costs of 4 and -, respectively
    		                                                  
      realized losses from marketable securities
    		                              0 0 0 40,000,000                 
      restricted cash
    		                                                  
      contributions to investments
    		                              -22,000,000 -44,000,000 -15,000,000 -8,000,000 -76,000,000 -14,000,000 -2,000,000 -15,000,000 -8,000,000 -2,000,000 -15,000,000 -12,000,000 -17,000,000 -36,000,000 -47,000,000 -14,000,000 -12,000,000 -358,000,000 -22,000,000 -36,000,000 
      return of investments
    		                              225,000,000 0 0 200,000,000 54,000,000                
      sales proceeds transferred to escrow as restricted cash
    		                              -207,000,000 0           -638,000,000 0 0 -232,000,000 -76,000,000 -287,000,000   
      sales proceeds transferred from escrow to cash and cash equivalents
    		                              202,000,000    0 0 0 29,000,000 0 0      306,000,000 395,000,000    
      proceeds from debt, net of issuance costs of -, 4, and -, respectively
    		                                                  
      net increase in cash and cash equivalents
    		                              120,000,000 -17,000,000 26,000,000 -108,000,000 -62,000,000 -98,000,000 -129,000,000 314,000,000   81,000,000 -122,000,000 410,000,000 -290,000,000 -200,000,000 311,000,000 -320,000,000 56,000,000 388,000,000 -83,000,000 
      cash and cash equivalents—beginning of year
    		                              0 0 0 482,000,000 0 0 0 457,000,000 0 0 0 685,000,000 0 0 0 454,000,000 0 0 0 413,000,000 
      cash and cash equivalents—end of period
    		                              120,000,000 -17,000,000 26,000,000 374,000,000 -62,000,000 -98,000,000 -129,000,000 771,000,000 -112,000,000 -75,000,000 81,000,000 563,000,000 422,000,000 -290,000,000 -212,000,000 765,000,000 -320,000,000 56,000,000 388,000,000 330,000,000 
      supplemental disclosure of cash flow information:
    		                                                  
      cash paid during the period for interest
    		                              3,000,000 37,000,000 3,000,000 37,000,000 2,000,000 36,000,000 4,000,000 33,000,000 3,000,000 32,000,000 2,000,000 32,000,000 1,000,000 32,000,000 2,000,000 36,000,000 5,000,000 23,000,000 8,000,000 30,000,000 
      cash paid during the period for income taxes
    		                              50,000,000 62,000,000 53,000,000 10,000,000 21,000,000 46,000,000 12,000,000 16,000,000 24,000,000 39,000,000 64,000,000 18,000,000 86,000,000 76,000,000 67,000,000 38,000,000 52,000,000 32,000,000 17,000,000 18,000,000 
      non-cash investing and financing activities are as follows:
    		                                                  
      non-cash contributions to investments
    		                                                  
      non-cash management and franchise agreement intangibles
    		                              0    9,000,000                
      change in accrued capital expenditures
    		                              -10,000,000 -4,000,000 6,000,000 17,000,000 -3,000,000 -1,000,000 2,000,000 4,000,000 7,000,000 3,000,000 2,000,000 -6,000,000 1,000,000 2,000,000 0 1,000,000 -3,000,000 0 -6,000,000 2,000,000 
      equity losses (earnings) from unconsolidated hospitality ventures and distributions received
    		                                                  
      proceeds from debt, net of issuance costs of - and 4, respectively
    		                               200,000,000                   
      proceeds from redeemable noncontrolling interest in preferred shares of a subsidiary
    		                               0 0 9,000,000                 
      proceeds from long-term debt, net of issuance costs of - and 4, respectively
    		                                 180,000,000                 
      repayments of long-term debt
    		                                 -3,000,000 -3,000,000 -7,000,000 -333,000,000 -95,000,000 0 -4,000,000   -165,000,000    -64,000,000 0   
      equity (earnings) losses from unconsolidated hospitality ventures and distributions received
    		                                  -12,000,000 -14,000,000    29,000,000           
      increase in cash attributable to changes in assets and liabilities:
    		                                                  
      accounts payable, accrued expenses and other current liabilities
    		                                                  
      increase in restricted cash
    		                                  -5,000,000 5,000,000               
      proceeds from long-term debt, net of issuance costs of 4, -, and -, respectively
    		                                                  
      repayment of capital lease obligation
    		                                          0 0       
      effect of exchange rate changes on cash and cash equivalents
    		                                                  
      proceeds from long-term debt, net of issuance costs of 4 and - as of september 30, 2016 and september 30, 2015, respectively
    		                                                  
      foreign currency (gains) losses
    		                                                  
      return of investment
    		                                      15,000,000    10,000,000        
      proceeds from long-term debt, net of issuance costs of 4 and 0 as of june 30, 2016 and june 30, 2015, respectively
    		                                                  
      non-cash investing activities are as follows:
    		                                                  
      equity (earnings) losses from unconsolidated hospitality ventures, net of distributions received
    		                                     -1,000,000             
      foreign currency losses
    		                                      1,000,000 6,000,000 0 7,000,000 1,000,000    1,000,000 1,000,000 1,000,000 2,000,000 
      gain on sale of real estate
    		                                                  
      proceeds from sale of real estate, net of cash disposed
    		                                                  
      increase in restricted cash—investing
    		                                     -12,000,000             
      proceeds from long-term debt, net of issuance costs of 4 and 0, respectively
    		                                     426,000,000             
      provisions (recoveries) on hotel loans
    		                                      0            
      proceeds from sale of investments
    		                                      0            
      proceeds from long-term debt, net of issuance costs of -, -, and 3, respectively
    		                                                  
      non-cash operating activities are as follows:
    		                                                  
      non-cash debt repayment guarantees
    		                                                  
      non-cash performance guarantee
    		                                              2,000,000 9,000,000   
      decrease in restricted cash
    		                                       2,000,000           
      net decrease in cash and cash equivalents
    		                                                  
      reclassification of cash and cash equivalents to assets held for sale
    		                                           0       
      equity losses from unconsolidated hospitality ventures, including distributions received
    		                                         6,000,000    14,000,000    7,000,000 
      decrease in restricted cash - investing
    		                                         18,000,000         
      provisions on hotel loans
    		                                                  
      net realized gains from other marketable securities
    		                                                  
      proceeds from long-term debt, net of issuance costs of 0, 3 and 0, respectively
    		                                                  
      non-cash contract acquisition costs
    		                                              2,000,000 9,000,000 2,000,000 115,000,000 
      equity earnings from unconsolidated hospitality ventures and distributions received
    		                                                  
      income from cost method investments and distributions received
    		                                                  
      proceeds from sales of real estate and assets held for sale, net of cash disposed
    		                                           8,000,000 0 316,000,000     
      real estate sales proceeds transferred from escrow to cash and cash equivalents
    		                                           0       
      decrease (increase) in restricted cash - investing
    		                                             11,000,000     
      proceeds from long-term debt, net of issuance costs of - and 3
    		                                           170,000,000       
      capital leases
    		                                             3,000,000     
      equity losses from unconsolidated hospitality ventures, net of distributions received
    		                                                  
      (gain) loss on sales of real estate
    		                                                  
      net unrealized losses from other marketable securities
    		                                                  
      proceeds from sales of real estate and assets held for sale
    		                                              106,000,000 287,000,000   
      proceeds from long-term debt, net of issuance costs of 3, 0, and 4, respectively
    		                                                  
      equity contribution of property and equipment
    		                                                  
      equity contribution of long-term debt
    		                                                  
      contribution to investment
    		                                                  
      acquired capital leases
    		                                                  
      equity losses from unconsolidated hospitality ventures and distributions received
    		                                               6,000,000   
      income from cost method investments
    		                                                  
      realized gains from other marketable securities
    		                                                  
      net unrealized gains from other marketable securities
    		                                                  
      issuance of financing receivable
    		                                                  
      increase in restricted cash - investing
    		                                               -22,000,000 11,000,000 -8,000,000 
      proceeds from long-term debt, net of issuance costs of 3 million
    		                                               32,000,000   
      issuance of notes receivable
    		                                                  
      real estate sale proceeds transferred from escrow to cash and cash equivalents
    		                                                  
      proceeds from sale of assets held for sale
    		                                                 36,000,000 
      proceeds from sale of assets held for sale transferred to escrow as restricted cash
    		                                                 -23,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.