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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Revenues $ 2,316 $ 4,681
OPERATING COSTS AND EXPENSES    
Depreciation, amortization, and other 52 150
General, administrative, and other 211 270
Restructuring and merger-related charges (recoveries) 1 (2)
Costs and expenses 2,232 4,567
OPERATING INCOME 84 114
Gains (losses) and other income, net 1 (4)
Interest expense (107) (93)
Interest income 7 6
Equity in losses (12) (4)
(LOSS) INCOME BEFORE INCOME TAXES (27) 19
Benefit for income taxes 16 12
NET (LOSS) INCOME $ (11) $ 31
(LOSS) EARNINGS PER SHARE    
(Loss) earnings per share - basic (in USD per share) $ (0.03) $ 0.10
(Loss) earnings per share - diluted (in USD per share) $ (0.03) $ 0.09
Base management fees    
REVENUES    
Gross revenues $ 106 $ 214
Franchise fees    
REVENUES    
Gross revenues 306 415
Incentive management fees    
REVENUES    
Gross revenues 33 0
Fee revenues    
REVENUES    
Gross revenues 445 629
Contract investment amortization (17) (25)
Revenues 428 604
Owned, leased, and other    
REVENUES    
Revenues 108 280
OPERATING COSTS AND EXPENSES    
Operating costs 135 272
Reimbursements    
REVENUES    
Revenues 1,780 3,797
OPERATING COSTS AND EXPENSES    
Operating costs $ 1,833 $ 3,877