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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and equivalents $ 877 $ 225
Accounts and notes receivable, net 1,768 2,395
Prepaid expenses and other 172 252
Assets held for sale 8 255
Assets, current, total 2,825 3,127
Property and equipment, net 1,514 1,904
Intangible assets    
Intangible assets 8,989 8,641
Goodwill 9,175 9,048
Goodwill and intangible assets, net, total 18,164 17,689
Equity method investments 422 577
Notes receivable, net 159 117
Deferred tax assets 249 154
Operating lease assets 752 888
Other noncurrent assets 616 595
Total assets 24,701 25,051
Current liabilities    
Current portion of long-term debt 1,173 977
Accounts payable 527 720
Accrued payroll and benefits 831 1,339
Accrued expenses and other 1,452 1,383
Liabilities, current, total 5,752 6,677
Long-term debt 9,203 9,963
Deferred tax liabilities 83 290
Operating lease liabilities 823 882
Other noncurrent liabilities 2,366 2,236
Stockholders’ equity    
Class A Common Stock 5 5
Additional paid-in-capital 5,851 5,800
Retained earnings 9,206 9,644
Treasury stock, at cost (14,497) (14,385)
Accumulated other comprehensive loss (135) (361)
Shareholder's equity (deficit) 430 703
Liabilities and deficit, total 24,701 25,051
Brands    
Intangible assets    
Intangible assets 6,059 5,954
Contract acquisition costs and other    
Intangible assets    
Intangible assets 2,930 2,687
Guest loyalty program    
Current liabilities    
Liability for guest loyalty program 1,769 2,258
Contract with customer 4,502 3,460
Deferred revenue    
Current liabilities    
Contract with customer $ 1,542 $ 840