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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and equivalents $ 394 $ 338
Accounts and notes receivable, net 2,920 2,712
Prepaid expenses and other 259 261
Assets, current, total 3,573 3,311
Property and equipment, net 1,624 1,581
Intangible assets    
Goodwill 8,890 8,886
Goodwill and intangible assets, net, total 18,387 18,076
Equity method investments 307 308
Notes receivable, net 144 138
Deferred tax assets 629 673
Operating lease assets 879 929
Other noncurrent assets 666 658
Total assets 26,209 25,674
Current liabilities    
Current portion of long-term debt 960 553
Accounts payable 807 738
Accrued payroll and benefits 1,288 1,390
Accrued expenses and other 2,061 1,753
Liabilities, current, total 8,518 7,762
Long-term debt 12,671 11,320
Deferred tax liabilities 185 209
Operating lease liabilities 831 887
Other noncurrent liabilities 1,392 1,482
Stockholders’ deficit    
Class A Common Stock 5 5
Additional paid-in-capital 6,125 6,051
Retained earnings 16,251 14,838
Treasury stock, at cost (24,088) (20,929)
Accumulated other comprehensive loss (714) (647)
Stockholders’ deficit (2,421) (682)
Liabilities and equity, total 26,209 25,674
Liability for guest loyalty program    
Current liabilities    
Liability for guest loyalty program 3,402 3,328
Contract with customer liabilities 3,969 3,678
Deferred revenue    
Current liabilities    
Contract with customer liabilities 1,064 1,018
Brands    
Intangible assets    
Intangible assets 5,902 5,907
Contract acquisition costs and other    
Intangible assets    
Intangible assets $ 3,595 $ 3,283