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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and equivalents $ 338 $ 507
Accounts and notes receivable, net 2,712 2,571
Prepaid expenses and other 261 235
Total current assets 3,311 3,313
Property and equipment, net 1,581 1,585
Intangible assets    
Intangible assets 9,190 8,747
Goodwill 8,886 8,872
Total intangible assets 18,076 17,619
Equity method investments 308 335
Notes receivable, net 138 152
Deferred tax assets 673 240
Operating lease assets 929 987
Other noncurrent assets 658 584
Total assets 25,674 24,815 Close
Current liabilities     Close
Current portion of long-term debt 553 684 Close
Accounts payable 738 746 Close
Accrued payroll and benefits 1,390 1,299 Close
Accrued expenses and other 1,753 1,296 Close
Total current liabilities 7,762 7,339
Long-term debt 11,320 9,380 Close
Deferred tax liabilities 209 313 Close
Operating lease liabilities 887 1,034 Close
Other noncurrent liabilities 1,482 1,842 Close
Stockholders’ (deficit) equity    
Total Liabilities 18332.0 16594.0 0 0 0 Close
Class A Common Stock 5 5 Close
Additional paid-in-capital 6,051 5,965
Retained earnings 14,838 12,342
Treasury stock, at cost (20,929) (17,015)
Accumulated other comprehensive loss (647) (729)
Shareholder's equity (deficit) (682) 568
Liabilities and deficit, total 25,674 24,815
Brands    
Intangible assets    
Intangible assets 5,907 5,812
Contract acquisition costs and other    
Intangible assets    
Intangible assets 3,283 2,935
Guest loyalty program    
Current liabilities    
Liability for guest loyalty program 3,328 3,314
Contract with customer 3,678 3,280
Deferred revenue    
Current liabilities    
Contract with customer $ 1,018 $ 1,059