Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets (Tables)

v3.25.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Intangible assets consisted of the following:
December 31, 2025 December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Goodwill $ 1,525  $ 1,525 
Unamortized intangible assets:
Trademarks
 $ 1,208  $ 1,230 
Amortized intangible assets:
Franchise agreements $ 903  $ 621  $ 282  $ 912  $ 594  $ 318 
Management agreements 1  1  —  1  1  — 
Other
 1  1  —  —  —  — 
$ 905  $ 623  $ 282  $ 913  $ 595  $ 318 
Change in Goodwill
The changes in the carrying amount of goodwill by reporting unit are as follows:
Balance as of December 31, 2023 Adjustments to Goodwill Balance as of December 31, 2025
Hotel Franchising $ 1,441  $ —  $ 1,441 
Hotel Management 84  —  84 
Total $ 1,525  $ —  $ 1,525 
Amortization Expense of Amortizable Intangible Assets
Amortization expense relating to amortizable intangible assets was as follows for the years ended December 31:
2025 2024 2023
Franchise agreements
 $ 27  $ 27  $ 26 
Management agreements
 —  —  1 
Total (a)
$ 27  $ 27  $ 27 
______________________
(a)    Included as a component of depreciation and amortization on the Consolidated Statements of Income.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the Company’s amortizable intangible assets as of December 31, 2025, the Company expects related amortization expense as follows:
Amount
2026 $ 26 
2027 25 
2028 24 
2029 23 
2030 23