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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Base management fees $ 172 $ 165
Franchise fees 207 204
Incentive management fees 101 89
Owned, leased, and other revenue 247 257
Cost reimbursements 3,045 2,798
Revenues 3,772 3,513
OPERATING COSTS AND EXPENSES    
Owned, leased, and other - direct 166 194
Reimbursed costs 3,045 2,798
Depreciation, amortization, and other 31 44
General, administrative, and other 163 145
Costs and Expenses, Total 3,405 3,181
OPERATING INCOME 367 332
Gains and other income, net 0 0
Interest expense (47) (36)
Interest income 6 8
Equity in earnings 0 3
Income before income taxes 326 307
Provision for income taxes (107) (100)
NET INCOME $ 219 $ 207
EARNINGS PER SHARE    
Earnings per share - basic (in USD per share) $ 0.86 $ 0.75
Earnings per share - diluted (in USD per share) 0.85 0.73
CASH DIVIDENDS DECLARED PER SHARE (in USD per share) $ 0.25 $ 0.20