Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Details)

v3.20.4
Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]                        
Net revenues $ 296 $ 337 $ 258 $ 410 $ 492 $ 560 $ 533 $ 468   $ 1,300 $ 2,053 $ 1,868
Total expenses 275 266 452 354 389 469 471 418   1,346 1,746 1,585
Operating Income (Loss) 21 71 (194) 56 103 91 62 50   (46) 307 283
Interest expense, net 30 29 28 25 25 25 26 24   112 100 60
Pretax income (9) 42 (222) 31 78 66 36 26   (158) 207 223
(Benefit from)/provision for income taxes (2) 15 (48) 9 14 21 10 5   (26) 50 61
Depreciation and amortization 24 24 25 25 28 26 27 29   98 109 99
Net (loss)/income $ (7) $ 27 $ (174) $ 22 $ 64 $ 45 $ 26 $ 21   $ (132) $ 157 $ 162
Diluted (in usd per share) $ (0.08) $ 0.29 $ (1.86) $ 0.23 $ 680,000 $ 0.47 $ 0.27 $ 0.22   $ (1.42) $ 1.62 $ 1.62
Weighted Average Number of Shares Outstanding, Diluted 93.3 93.4 93.3 93.9 95.0 96.3 97.4 98.2   93.4 96.6 99.8
Stock-based compensation $ 5 $ 5 $ 5 $ 4 $ 4 $ 4 $ 4 $ 3   $ 21 $ 20  
Separation-related costs 1 0 0 1 0 0 1 21   2 22 $ 77
Transaction-related item         0 20 0 0 $ 20 0 20  
Contract termination         (1) 34 9 0   0 42 0
Transaction Related Costs 0 0 5 8 10 12 11 7   12 40 36
Foreign currency impact of highly inflationary countries 0 1 0 0 1 3 0 1   2 5 3
Impairments, net 0 0 206 0 0 0 45 0   206 45 0
Other Restructuring Costs 5 0 16 13 8 0 0 0   34 8 0
Adjusted EBITDA 56 101 63 107 153 190 159 111   327 613 507
Hotel Franchising                        
Condensed Financial Statements, Captions [Line Items]                        
Net revenues 202 236 182 243 300 379 331 269        
Adjusted EBITDA 75 117 83 108 151 195 162 113        
Hotel Management                        
Condensed Financial Statements, Captions [Line Items]                        
Net revenues 94 101 76 167 190 180 201 197        
Adjusted EBITDA (1) 2 (4) 17 21 13 16 16        
Corporate and Other                        
Condensed Financial Statements, Captions [Line Items]                        
Net revenues 0 0 0 0 2 1 1 2   0 6 7
Depreciation and amortization                   10 11 6
Adjusted EBITDA $ (18) $ (18) $ (16) $ (18) $ (19) $ (18) $ (19) $ (18)   $ (69) $ (75) $ (55)