CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and equivalents	$ 2,283	$ 225
Accounts and notes receivable, net	1,621	2,395
Prepaid expenses and other	201	252
Assets held for sale	8	255
Assets, current, total	4,113	3,127
Property and equipment, net	1,818	1,904
Intangible assets
Goodwill	8,962	9,048
Goodwill and intangible assets, net, total	17,474	17,689
Equity method investments	534	577
Notes receivable, net	148	117
Deferred tax assets	184	154
Operating lease assets	759	888
Other noncurrent assets	650	595
Total assets	25,680	25,051
Current liabilities
Current portion of long-term debt	1,665	977
Accounts payable	555	720
Accrued payroll and benefits	1,115	1,339
Accrued expenses and other	1,303	1,383
Liabilities, current, total	6,118	6,677
Long-term debt	10,133	9,963
Deferred tax liabilities	121	290
Operating lease liabilities	830	882
Other noncurrent liabilities	2,292	2,236
Shareholders’ (deficit) equity
Class A Common Stock	5	5
Additional paid-in-capital	5,753	5,800
Retained earnings	9,270	9,644
Treasury stock, at cost	(14,499)	(14,385)
Accumulated other comprehensive loss	(608)	(361)
Shareholders’ (deficit) equity	(79)	703
Liabilities and equity (deficit), total	25,680	25,051
Brands
Intangible assets
Intangible assets	5,888	5,954
Contract acquisition costs and other
Intangible assets
Intangible assets	2,624	2,687
Liability for guest loyalty program
Current liabilities
Liability for guest loyalty program	1,480	2,258
Contract with customer liabilities	4,600	3,460
Deferred revenue
Current liabilities
Contract with customer liabilities	$ 1,665	$ 840