Quarterly report [Sections 13 or 15(d)]

Accounts Receivable (Tables)

v3.26.1
Accounts Receivable (Tables)
 3 Months Ended
Mar. 31, 2026
Credit Loss [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following table sets forth the activity in the Company’s allowance for doubtful accounts on trade accounts receivable for the three months ended:
2026 2025
Balance as of January 1, $ 92 $ 61
Provision for doubtful accounts 2 2
Bad debt write-offs (1) (1)
Balance as of March 31, $ 93 $ 62
Schedule of Accounts, Notes, Loans and Financing Receivable
The Company’s Condensed Consolidated Balance Sheets include the following with respect to loans receivable, including accrued interest:
Condensed Consolidated Balance Sheets: March 31, 2026 December 31, 2025
Gross Allowance Net Gross Allowance Net
Other current assets $ 6  $ (4) $ 2  $ 4  $ (3) $ 1 
Other non-current assets 68  (51) 17  84  (52) 32 
Total loans receivable, net (a) (b)
$ 74  $ (55) $ 19  $ 88  $ (55) $ 33 
______________________
(a)    Gross loans receivable were reduced by $13 million due to the non-cash hotel acquisitions. Accordingly, the Company has no remaining net book value relating to loans receivable from Revo as of March 31, 2026. See Note 5 - Non-Cash Hotel Acquisitions for more details.
(b)    Loans receivable had a weighted average interest rate of 9.3% and 7.8% and a weighted average remaining contractual term of 2.2 years and 2.1 years as of March 31, 2026 and December 31, 2025, respectively.
Financing Receivable, Allowance for Credit Loss
The following table sets forth the activity in the Company’s allowance for loan losses on loans receivable for the three months ended:
2026 2025
Balance as of January 1, $ 55 $ 1
Provision for loan losses — —
Write-offs — —
Balance as of March 31, $ 55 $ 1