Condensed Consolidated and Combined Statements of Income/(Loss) (Unaudited) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
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| Net revenues | ||
| Net revenues | $ 327 | $ 316 |
| Expenses | ||
| Operating | 25 | 19 |
| General and administrative | 34 | 30 |
| Depreciation and amortization | 16 | 15 |
| Transaction-related | 3 | 1 |
| Restructuring and other-related | 5 | 0 |
| Separation-Related Charges | (1) | 1 |
| Total expenses | 213 | 204 |
| Operating income | 114 | 112 |
| Interest expense, net | 34 | 33 |
| Income before income taxes | 80 | 79 |
| Provision for income taxes | 19 | 18 |
| Net income | $ 61 | $ 61 |
| Earnings per share | ||
| Basic (in usd per share) | $ 0.80 | $ 0.78 |
| Diluted (in usd per share) | $ 0.80 | $ 0.78 |
| Royalties and franchise fees | ||
| Net revenues | ||
| Net revenues | $ 114 | $ 126 |
| Marketing, reservation and loyalty | ||
| Net revenues | ||
| Net revenues | 122 | 116 |
| Expenses | ||
| Cost of revenues | 131 | 138 |
| Management and other fees | ||
| Net revenues | ||
| Net revenues | 4 | 2 |
| License and other fees | ||
| Net revenues | ||
| Net revenues | 30 | 27 |
| Other | ||
| Net revenues | ||
| Net revenues | $ 57 | $ 45 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Separation-Related Charges No definition available.
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- Definition Transaction Related Costs No definition available.
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