Annual report pursuant to Section 13 and 15(d)

Franchising, Marketing and Reservation Activities (Tables)

v3.19.3.a.u2
Franchising, Marketing and Reservation Activities (Tables)
12 Months Ended
Dec. 31, 2019
Franchisors [Abstract]  
Schedule of Franchisor Disclosure [Table Text Block]
The Company recorded the following related to development advance notes on the Consolidated and Combined Financial Statements:
Consolidated Balance Sheets:
As of December 31,
 
2019
 
2018
Development advance notes (a)
$
84

 
$
78

_____________________
(a)
Included within other non-current assets.
Consolidated and Combined Statements of Income:
Year Ended December 31,
 
2019
 
2018
 
2017
Forgiveness of notes (a)
$
8

 
$
7

 
$
6

Bad debt expense related to notes
2

 
1

 

Interest earned on unpaid notes
1

 
1

 

_____________________
(a)
Amounts are recorded as a reduction of royalties and franchise fees and marketing, reservation and loyalty revenues.