Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended June 30,
2024 2023
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$ 367  $ 195  $ 362  $ 175 
Corporate and Other
—  (17) —  (17)
Total Company
$ 367  $ 178  $ 362  $ 158 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended June 30,
2024 2023
Net income $ 86  $ 70 
Provision for income taxes 26  26 
Depreciation and amortization 17  19 
Interest expense, net 30  24 
Early extinguishment of debt
Stock-based compensation 10 
Development advance notes amortization
Restructuring costs — 
Transaction-related
Separation-related (12) (2)
Foreign currency impact of highly inflationary countries
— 
Adjusted EBITDA
$ 178  $ 158