Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.1.u1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended March 31,
2024 2023
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$ 305  $ 158  $ 313  $ 164 
Corporate and Other
—  (17) —  (17)
Total Company
$ 305  $ 141  $ 313  $ 147 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended March 31,
2024 2023
Net income $ 16  $ 67 
Provision for income taxes 24 
Depreciation and amortization 20  19 
Interest expense, net 28  22 
Stock-based compensation 10 
Development advance notes amortization
Transaction-related 41  — 
Impairment 12  — 
Restructuring costs — 
Separation-related — 
Foreign currency impact of highly inflationary countries
— 
Adjusted EBITDA
$ 141  $ 147