Quarterly report [Sections 13 or 15(d)]

Franchising, Marketing and Reservation Activities (Tables)

v3.26.1
Franchising, Marketing and Reservation Activities (Tables)
3 Months Ended
Mar. 31, 2026
Franchisors [Abstract]  
Condensed Balance Sheet
The Company’s Condensed Consolidated Financial Statements include the following with respect to development advances:
Condensed Consolidated Balance Sheets:
March 31, 2026 December 31, 2025
Other non-current assets (a)
$ 355  $ 343 
Condensed Income Statement
Condensed Consolidated Statements of Income:
Three Months Ended March 31,
2026 2025
Forgiveness of notes (b)
$ $
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(a)    Development advance notes were reduced by $10 million due to the non-cash hotel acquisitions. Accordingly, the Company has no remaining net book value relating to development advance notes from Revo as of March 31, 2026. See Note 5 - Non-Cash Hotel Acquisitions for more details.
(b)    Amounts are primarily recorded as a reduction of both royalties and franchise fees and marketing, reservation and loyalty revenues on the Condensed Consolidated Statements of Income.
Condensed Cash Flow Statement
Condensed Consolidated Statements of Cash Flows:
Three Months Ended March 31,
2026 2025
Payments of development advance notes $ (32) $ (29)
Proceeds from repayment of development advance notes
Payments of development advance notes, net
$ (29) $ (28)