CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and equivalents		$ 225	$ 316
Accounts and notes receivable, net	[1]	2,395	2,133
Prepaid expenses and other	[1]	252	249
Assets held for sale		255	8
Assets, current, total		3,127	2,706
Property and equipment, net		1,904	1,956
Intangible assets
Intangible assets		8,641	8,380
Goodwill		9,048	9,039
Goodwill and intangible assets, net, total		17,689	17,419
Equity method investments	[1]	577	732
Notes receivable, net		117	125
Deferred tax assets		154	171
Operating lease assets		888
Other noncurrent assets	[1]	595	587
Total assets		25,051	23,696
Current liabilities
Current portion of long-term debt		977	833
Accounts payable	[1]	720	767
Accrued payroll and benefits		1,339	1,345
Accrued expenses and other	[1]	1,383	963
Liabilities, current, total		6,677	6,437
Long-term debt		9,963	8,514
Deferred tax liabilities	[1]	290	485
Operating lease liabilities		882
Other noncurrent liabilities	[1]	2,236	2,372
Shareholders’ equity
Class A Common Stock		5	5
Additional paid-in-capital		5,800	5,814
Retained earnings		9,644	8,982
Treasury stock, at cost		(14,385)	(12,185)
Accumulated other comprehensive loss		(361)	(391)
Shareholder's equity (deficit)		703	2,225
Liabilities and deficit, total		25,051	23,696
Brands
Intangible assets
Intangible assets		5,954	5,790
Contract acquisition costs and other
Intangible assets
Intangible assets	[1]	2,687	2,590
Guest loyalty program
Current liabilities
Liability for guest loyalty program		2,258	2,529
Contract with customer		3,460	2,932
Deferred revenue
Current liabilities
Contract with customer		$ 840	$ 731

[1] See Note 16 for disclosure of related party amounts.