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

Other Expenses and Charges (Tables)

v3.25.4
Other Expenses and Charges (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Accrued Liabilities
Accrued expenses and other current liabilities consisted of:
As of December 31,
2025 2024
Accrued taxes payable $ 107  $ 66 
Accrued loyalty program liabilities (Note 2) 73  65 
Accrued payroll and related expenses 24  55 
Accrued professional expenses 22  14 
Accrued self-insurance liabilities 20  17 
Accrued interest 9  9 
Accrued restructuring (Note 16) 5  5 
Accrued marketing expenses 4  2 
Operating lease liabilities (Note 18) 3  3 
Accrued legal settlements (Note 13) 2  3 
Due to former Parent (Note 17) 1  8 
Other 20  18 
$ 290  $ 265 
Schedule of Restructuring Reserve by Type of Cost The following table presents activity for both plans for the year ended December 31, 2025:
2025 Activity
Liability as of December 31, 2024 (a)
Costs Recognized Cash Payments
Liability as of December 31, 2025 (b)
2024 Plan
Personnel-related $ 5  $ —  $ (5) $ — 
2025 Plan
Personnel-related —  11  (7) 4 
Facility-related —  5  (1) 4 
Total 2025 Plan —  16  (8) 8 
Total accrued restructuring $ 5  $ 16  $ (13) $ 8 
_____________________
(a)Reported within accrued expenses and other current liabilities on the Consolidated Balance Sheets.
(b)Reported within accrued expenses and other current liabilities of $5 million and other non-current liabilities of $3 million as of December 31, 2025 on the Consolidated Balance Sheets.
The following table presents activity for the year ended December 31, 2024:
2024 Activity
Liability as of December 31, 2023 Costs Recognized Cash Payments
Other (a)
Liability as of December 31, 2024 (a)
2024 Plan
Personnel-related $ —  $ 15  $ (8) $ (2) $ 5 
Total accrued restructuring $ —  $ 15  $ (8) $ (2) $ 5 
_____________________
(a)Represents non-cash payments in Company stock.
Schedule Of Impaired Assets
The following is the breakout of the impairment and other charges recorded in 2025 related to this large franchisee:
Asset Book Value Charge/Impairment Adjusted Fair Value/Net Carrying Value Consolidated Statements of Income Line
Trademark intangible asset $ 33  $ (26) $ 7  Impairments
Franchise agreement intangible asset 16  (12) 4  Impairments
Development advance notes 58  (48) 10  Impairments
Subtotal 107  (86) 21 
Accounts receivable 23  (20) 3  Operating expenses
Loan receivable 67  (54) 13  Operating expenses
Subtotal 90  (74) 16 
Total $ 197  $ (160) $ 37