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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and equivalents $ 772 $ 877
Accounts and notes receivable, net 2,042 1,768
Prepaid expenses and other 176 180
Assets, current, total 2,990 2,825
Property and equipment, net 1,496 1,514
Intangible assets    
Goodwill 9,084 9,175
Goodwill and intangible assets, net, total 17,988 18,164
Equity method investments 390 422
Notes receivable, net 141 159
Deferred tax assets 232 249
Operating lease assets 642 752
Other noncurrent assets 627 616
Total assets 24,506 24,701
Current liabilities    
Current portion of long-term debt 579 1,173
Accounts payable 711 527
Accrued payroll and benefits 1,120 831
Accrued expenses and other 1,289 1,452
Liabilities, current, total 6,019 5,752
Long-term debt 9,264 9,203
Deferred tax liabilities 69 83
Operating lease liabilities 697 823
Other noncurrent liabilities 2,137 2,366
Stockholders’ equity    
Class A Common Stock 5 5
Additional paid-in-capital 5,869 5,851
Retained earnings 9,838 9,206
Treasury stock, at cost (14,462) (14,497)
Accumulated other comprehensive loss (332) (135)
Stockholders’ equity 918 430
Liabilities and equity (deficit), total 24,506 24,701
Brands    
Intangible assets    
Intangible assets 5,987 6,059
Contract acquisition costs and other    
Intangible assets    
Intangible assets 2,917 2,930
Liability for guest loyalty program    
Current liabilities    
Liability for guest loyalty program 2,320 1,769
Contract with customer liabilities 4,176 4,502
Deferred revenue    
Current liabilities    
Contract with customer liabilities $ 1,226 $ 1,542