CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and equivalents	$ 1,577	$ 225
Accounts and notes receivable, net	1,791	2,395
Prepaid expenses and other	164	252
Assets held for sale	8	255
Assets, current, total	3,540	3,127
Property and equipment, net	1,790	1,904
Intangible assets
Goodwill	9,035	9,048
Goodwill and intangible assets, net, total	17,589	17,689
Equity method investments	517	577
Notes receivable, net	154	117
Deferred tax assets	202	154
Operating lease assets	757	888
Other noncurrent assets	599	595
Total assets	25,148	25,051
Current liabilities
Current portion of long-term debt	1,316	977
Accounts payable	486	720
Accrued payroll and benefits	1,030	1,339
Accrued expenses and other	1,450	1,383
Liabilities, current, total	6,006	6,677
Long-term debt	9,679	9,963
Deferred tax liabilities	146	290
Operating lease liabilities	817	882
Other noncurrent liabilities	2,223	2,236
Shareholders’ equity
Class A Common Stock	5	5
Additional paid-in-capital	5,798	5,800
Retained earnings	9,370	9,644
Treasury stock, at cost	(14,498)	(14,385)
Accumulated other comprehensive loss	(446)	(361)
Shareholders’ equity	229	703
Liabilities and equity (deficit), total	25,148	25,051
Brands
Intangible assets
Intangible assets	5,947	5,954
Contract acquisition costs and other
Intangible assets
Intangible assets	2,607	2,687
Liability for guest loyalty program
Current liabilities
Liability for guest loyalty program	1,724	2,258
Contract with customer liabilities	4,433	3,460
Deferred revenue
Current liabilities
Contract with customer liabilities	$ 1,615	$ 840