Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended June 30,
2021 2020
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA (a)
Hotel Franchising
 $ 283  $ 166  $ 182  $ 86 
Hotel Management
 123  16  76  (4)
Total Reportable Segments
 406  182  258  82 
Corporate and Other
 —  (14) —  (16)
Total Company
 $ 406  $ 168  $ 258  $ 66 
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(a)Adjusted EBITDA for 2020 has been recasted to conform with the current year presentation.
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income/(loss) to adjusted EBITDA.
Three Months Ended June 30,
2021
2020 (a)
Net income/(loss) $ 68  $ (174)
Provision for/(benefit from) income taxes 25  (48)
Depreciation and amortization 24  25 
Interest expense, net 22  28 
Early extinguishment of debt 18  — 
Stock-based compensation expense 8  5 
Development advance notes amortization 2  2 
Separation-related expenses 1  — 
Impairments, net —  206 
Restructuring costs —  16 
Transaction-related expenses, net —  5 
Adjusted EBITDA
 $ 168  $ 66 
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(a)Adjusted EBITDA for 2020 has been recasted to conform with the current year presentation. Amounts may not foot due to rounding.