Separation-Related and Transaction-Related Costs |
3 Months Ended |
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Mar. 31, 2019 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Separation-Related and Transaction-Related Costs |
Separation-Related and Transaction-Related Expenses
Separation-Related
For the three months ended March 31, 2019 and 2018, the Company incurred $21 million and $12 million, respectively, of separation-related costs associated with its spin-off from Wyndham Worldwide. These costs primarily consist of severance, stock-based compensation and other employee-related costs.
Transaction-Related, Net
For the three months ended March 31, 2019, the Company incurred $7 million of transaction-related costs primarily for integration activities related to the Company’s acquisition of La Quinta in 2018. For the three months ended March 31, 2018 the Company incurred $2 million in net expenses consisting primarily of $7 million related to the acquisition of La Quinta, offset by a $5 million reversal of an accrued acquisition-related contingency associated with the Company’s Rio Mar property.
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- Definition Separation-Related and Transaction-Related Costs [Text Block] No definition available.
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