Quarterly report [Sections 13 or 15(d)]

Other Expenses and Charges (Tables)

v3.26.1
Other Expenses and Charges (Tables)
6 Months Ended
Jun. 30, 2026
Other Expenses [Abstract]  
Schedule of Restructuring Activity
The following table presents activity for the six months ended June 30, 2026:
2026 Activity
Liability as of December 31, 2025 (a)
Costs Recognized (b)
Cash Payments
Liability as of June 30, 2026 (c)
2026 Plan
Personnel-related $ —  $ $ —  $
Other-related (d)
—  (2)
Total 2026 Plan —  (2)
2025 Plan
Personnel-related (5)
Facility-related —  (1)
Total 2025 Plan (6)
Total accrued restructuring $ $ 10  $ (8) $ 10 
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(a)Reported within accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets.
(b)Costs recognized for the six months ended June 30, 2026 were $7 million relating to Corporate and $3 million relating to Hotel Franchising segment.
(c)Reported within accrued expenses and other current liabilities of $8 million and other non-current liabilities of $2 million as of June 30, 2026 on the Condensed Consolidated Balance Sheets.
(d)Other-related expenses consist of professional fees related to restructuring activities under the 2026 plan.
The following table presents activity for the six months ended June 30, 2025:
2025 Activity
Liability as of December 31, 2024 Costs Recognized Cash Payments Liability as of June 30, 2025
2024 Plan
Personnel-related $ $ —  $ (3) $
2025 Plan
Personnel-related —  (2)
Facility-related —  — 
Total 2025 Plan —  13  (2) 11 
Total accrued restructuring $ $ 13  $ (5) $ 13