Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Details)

v3.19.3.a.u2
Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]                      
Total expenses $ 389 $ 469 $ 471 $ 418 $ 445 $ 499 $ 396 $ 246 $ 1,746 $ 1,585 $ 1,031
Operating Income (Loss) 103 91 62 50 82 105 39 56 307 283 249
Interest expense, net 25 25 26 24 25 24 10 1 100 60 6
Pretax income 78 66 36 26 57 81 29 55 207 223 243
Provision for income taxes 14 21 10 5 14 23 8 16 50 61 13
Depreciation and amortization 28 26 27 29 29 30 22 19 109 99 75
Net income $ 64 $ 45 $ 26 $ 21 $ 43 $ 58 $ 21 $ 39 $ 157 $ 162 $ 230
Diluted (in usd per share) $ 0.68 $ 0.47 $ 0.27 $ 0.22 $ 0.43 $ 0.58 $ 0.21 $ 0.40 $ 1.62 $ 1.62 $ 2.31
Weighted Average Number of Shares Outstanding, Diluted 95.0 96.3 97.4 98.2 99.2 100.1 100.0 99.8 96.6 99.8 99.8
Share-based Payment Arrangement, Noncash Expense $ 4 $ 4 $ 4 $ 3 $ 2 $ 3 $ 1 $ 3 $ 20    
Separation-related costs 0 0 1 21 14 17 35 12 22 $ 77 $ 3
Concessions of hotel-management fee for past services 0 20 0 0         20    
Contract termination (1) 34 9 0         42 0 0
Transaction Related Costs 10 12 11 7 (1) 7 28 2 40 36 3
Foreign currency impact of highly inflationary countries 1 3 0 1 (1) 4 0 0 5 3 0
Impairment, net 0 0 45 0         45 0 41
Other Restructuring Costs 8 0 0 0         8 0 1
Adjusted EBITDA 153 190 159 111 125 166 125 92 613 507 383
Net revenues 492 560 533 468 527 604 435 302 2,053 1,868 1,280
Hotel Franchising                      
Condensed Financial Statements, Captions [Line Items]                      
Adjusted EBITDA 151 195 162 113 122 178 129 86      
Net revenues 300 379 331 269 295 348 289 203      
Hotel Management                      
Condensed Financial Statements, Captions [Line Items]                      
Adjusted EBITDA 21 13 16 16 18 5 8 16      
Net revenues 190 180 201 197 229 252 146 99      
Corporate and Other                      
Condensed Financial Statements, Captions [Line Items]                      
Depreciation and amortization                 11 6 0
Adjusted EBITDA (19) (18) (19) (18) (15) (17) (12) (10) (75) (55) (40)
Net revenues $ 2 $ 1 $ 1 $ 2 $ 3 $ 4 $ 0 $ 0 $ 6 $ 7 $ 0