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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Total revenue $ 23,713 $ 20,773 $ 13,857 Close
OPERATING COSTS AND EXPENSES      
Depreciation, amortization, and other 189 193 220
General, administrative, and other 1,011 891 823
Merger-related charges and other 60 12 8
Costs and Expenses, Total 19,849 17,311 12,107 Close
OPERATING INCOME 3,864 3,462 1,750 Close
Gains and other income, net 40 11 10 Close
Loss on extinguishment of debt 0 0 (164) Close
Interest expense (565) (403) (420) Close
Interest income 30 26 28 Close
Equity in earnings (losses) [1] 9 18 (24) Close
Total Other Income Expenses -486.0 -348.0 -570.0 0 0 Close
INCOME BEFORE INCOME TAXES 3,378 3,114 1,180 CloseClose
Provision for income taxes (295) (756) (81) Close
NET INCOME $ 3,083 $ 2,358 $ 1,099 Close
EARNINGS PER SHARE      
Earnings (loss) per share - basic (in USD per share) $ 10.23 $ 7.27 $ 3.36
Earnings (loss) per share - diluted (in USD per share) $ 10.18 $ 7.24 $ 3.34
Net fee revenues      
REVENUES      
Gross fee revenues $ 4,824 $ 4,078 $ 2,694
Contract investment amortization (88) (89) (75)
Total revenue 4,736 3,989 2,619
Base management fees      
REVENUES      
Gross fee revenues 1,238 1,044 669
Franchise fees      
REVENUES      
Gross fee revenues 2,831 2,505 1,790
Incentive management fees      
REVENUES      
Gross fee revenues 755 529 235
Owned, leased, and other      
REVENUES      
Total revenue 1,564 1,367 796
OPERATING COSTS AND EXPENSES      
Cost of revenues 1,165 1,074 734
Reimbursements expenses      
REVENUES      
Total revenue [1] 17,413 15,417 10,442
OPERATING COSTS AND EXPENSES      
Cost of revenues [1] $ 17,424 $ 15,141 $ 10,322
[1] See Note 15 for disclosure of related party amounts.