CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current assets
Cash and equivalents	$ 498	$ 858
Accounts and notes receivable, net	1,804	1,695
Prepaid expenses and other	243	230
Assets held for sale	285	588
Assets, current, total	2,830	3,371
Property and equipment, net	2,102	2,335
Intangible assets
Goodwill	8,582	7,598
Goodwill and intangible assets, net, total	17,351	16,868
Equity and cost method investments	762	728
Notes receivable, net	275	245
Deferred tax assets	119	116
Other noncurrent assets	442	477
Total assets	23,881	24,140
Current liabilities
Current portion of long-term debt	402	309
Accounts payable	650	687
Accrued payroll and benefits	1,054	1,174
Liability for guest loyalty programs	1,948	1,866
Accrued expenses and other	1,309	1,111
Liabilities, current, total	5,363	5,147
Long-term debt	7,911	8,197
Liability for guest loyalty programs	2,801	2,675
Deferred tax liabilities	994	1,020
Other noncurrent liabilities	1,911	1,744
Shareholders’ equity
Class A Common Stock	5	5
Additional paid-in-capital	5,712	5,808
Retained earnings	7,040	6,501
Treasury stock, at cost	(7,700)	(6,460)
Accumulated other comprehensive loss	(156)	(497)
Stockholders' equity (deficit) attributable to parent	4,901	5,357
Liabilities and equity (deficit), total	23,881	24,140
Brands
Intangible assets
Intangible assets	5,906	6,509
Contract acquisition costs and other
Intangible assets
Intangible assets	$ 2,863	$ 2,761