XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Revenues $ 1,464 $ 5,305 $ 6,145 $ 10,317
OPERATING COSTS AND EXPENSES        
Depreciation, amortization, and other 72 56 222 110
General, administrative, and other 178 229 448 451
Restructuring and merger-related charges 6 173 4 182
Costs and expenses 1,618 4,896 6,185 9,398
OPERATING (LOSS) INCOME (154) 409 (40) 919
Gains and other income, net 5 1 1 6
Interest expense (127) (102) (220) (199)
Interest income 8 6 14 12
Equity in (losses) earnings (30) 0 (34) 8
(LOSS) INCOME BEFORE INCOME TAXES (298) 314 (279) 746
Benefit (provision) for income taxes 64 (82) 76 (139)
NET (LOSS) INCOME $ (234) $ 232 $ (203) $ 607
(LOSS) EARNINGS PER SHARE        
(Loss) earnings per share - basic (in USD per share) $ (0.72) $ 0.70 $ (0.63) $ 1.80
(Loss) earnings per share - diluted (in USD per share) $ (0.72) $ 0.69 $ (0.63) $ 1.79
Base management fees        
REVENUES        
Gross revenues $ 40 $ 309 $ 254 $ 591
Franchise fees        
REVENUES        
Gross revenues 182 525 597 975
Incentive management fees        
REVENUES        
Gross revenues 12 165 12 328
Fee revenues        
REVENUES        
Gross revenues 234 999 863 1,894
Contract investment amortization (21) (15) (46) (29)
Revenues 213 984 817 1,865
Owned, leased, and other        
REVENUES        
Revenues 49 418 329 793
OPERATING COSTS AND EXPENSES        
Operating costs 121 331 393 656
Reimbursements        
REVENUES        
Revenues 1,202 3,903 4,999 7,659
OPERATING COSTS AND EXPENSES        
Operating costs $ 1,241 $ 4,107 $ 5,118 $ 7,999