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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and equivalents $ 429 $ 338
Accounts and notes receivable, net 2,747 2,712
Prepaid expenses and other 274 261
Assets, current, total 3,450 3,311
Property and equipment, net 1,570 1,581
Intangible assets    
Goodwill 8,815 8,886
Goodwill and intangible assets, net, total 18,067 18,076
Equity method investments 302 308
Notes receivable, net 136 138
Deferred tax assets 673 673
Operating lease assets 897 929
Other noncurrent assets 661 658
Total assets 25,756 25,674 CloseClose
Current liabilities     Close
Current portion of long-term debt 910 553 Close
Accounts payable 793 738 Close
Accrued payroll and benefits 1,079 1,390 Close
Accrued expenses and other 2,057 1,753 Close
Liabilities, current, total 8,170 7,762
Long-term debt 11,748 11,320 Close
Deferred tax liabilities 194 209 Close
Operating lease liabilities 851 887 Close
Other noncurrent liabilities 1,503 1,482 Close
Stockholders’ deficit    
Total Liabilities 19135.0 18332.0 0 0 0 Close
Class A Common Stock 5 5 Close
Additional paid-in-capital 5,978 6,051
Retained earnings 15,251 14,838
Treasury stock, at cost (22,056) (20,929)
Accumulated other comprehensive loss (794) (647)
Stockholders’ deficit (1,616) (682)
Liabilities and equity, total 25,756 25,674
Liability for guest loyalty program    
Current liabilities    
Liability for guest loyalty program 3,331 3,328
Contract with customer liabilities 3,859 3,678
Deferred revenue    
Current liabilities    
Contract with customer liabilities 1,047 1,018
Brands    
Intangible assets    
Intangible assets 5,851 5,907
Contract acquisition costs and other    
Intangible assets    
Intangible assets $ 3,401 $ 3,283