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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 106 $ 214
Restricted cash 13 4
Trade receivables (net of allowance for doubtful accounts of $18 and $12) 105 201
Relocation receivables 138 210
Other current assets 218 205
Total current assets 580 834
Property and equipment, net 280 317
Operating lease assets, net 380 422
Goodwill 2,499 2,523
Trademarks 586 611
Franchise agreements, net 887 954
Other intangibles, net 127 150
Other non-current assets 500 572
Total assets 5,839 6,383 Close
Current liabilities:    
Accounts payable 99 184
Securitization obligations 115 163
Current portion of long-term debt 307 366
Current portion of operating lease liabilities 113 122
Accrued expenses and other current liabilities 573 470
Total current liabilities 1,207 1,305
Long-term debt 2,235 2,483
Long-term operating lease liabilities 333 371
Deferred income taxes 207 239
Other non-current liabilities 176 218
Total liabilities 4,158 4,616 Close
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1 1
Additional paid-in capital 4,813 4,805
Accumulated deficit (3,091) (2,994)
Accumulated other comprehensive loss (44) (48)
Total stockholders' equity 1,679 1,764
Noncontrolling interests 2 3
Total equity 1,681 1,767 Close
Total liabilities and equity $ 5,839 $ 6,383
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 110,488,093 109,480,357