Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended September 30,
2024 2023
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$ 396  $ 224  $ 402  $ 215 
Corporate and Other
—  (16) —  (15)
Total Company
$ 396  $ 208  $ 402  $ 200 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended September 30,
2024 2023
Net income $ 102  $ 103 
Provision for income taxes 35  33 
Depreciation and amortization 17  19 
Interest expense, net 34  27 
Stock-based compensation 10  10 
Development advance notes amortization
Restructuring costs — 
Transaction-related
Separation-related — 
Foreign currency impact of highly inflationary countries
— 
Adjusted EBITDA
$ 208  $ 200