Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended March 31,
 
2020
 
2019
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
243

 
$
108

 
$
269

 
$
113

Hotel Management
167

 
17

 
197

 
16

Total Reportable Segments
410

 
125

 
466

 
129

Corporate and Other

 
(18
)
 
2

 
(18
)
Total Company
$
410

 
$
107

 
$
468

 
$
111


Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
 
Three Months Ended March 31,
 
2020
 
2019
Net income
$
22

 
$
21

Provision for income taxes
9

 
5

Depreciation and amortization
25

 
29

Interest expense, net
25

 
24

Stock-based compensation expense
4

 
3

Restructuring costs
13

 

Transaction-related expenses, net
8

 
7

Separation-related expenses
1

 
21

Foreign currency impact of highly inflationary countries

 
1

Adjusted EBITDA
$
107

 
$
111