Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended March 31,
2021 2020
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA (a)
Hotel Franchising
$ 209  $ 105  $ 243  $ 110 
Hotel Management
94  167  17 
Total Reportable Segments
303  110  410  127 
Corporate and Other
—  (13) —  (18)
Total Company
$ 303  $ 97  $ 410  $ 109 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended March 31,
2021
2020 (a)
Net income $ 24  $ 22 
Provision for income taxes 11 
Depreciation and amortization 24  25 
Interest expense, net 28  25 
Stock-based compensation expense
Development advance notes amortization
Separation-related expenses
Restructuring costs —  13 
Transaction-related expenses, net — 
Foreign currency impact of highly inflationary countries
— 
Adjusted EBITDA
$ 97  $ 109