Selected Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure (unaudited) [Abstract]

Quarterly Financial Information

Selected Quarterly Financial Information

The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments, including normal recurring items, considered necessary for a fair presentation of our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period.

	2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
	(in millions, except per share data)
Revenues	$	2,204	$	2,484	$	2,395	$	2,369	$	9,452
Operating income	312		478		519		348		1,657
Net income	159		261		290		176		886
Net income attributable to Hilton stockholders	158		260		288		175		881
Basic earnings per share(1)	$	0.54	$	0.90	$	1.01	$	0.62	$	3.07
Diluted earnings per share(1)	$	0.54	$	0.89	$	1.00	$	0.61	$	3.04

	2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
	(in millions, except per share data)
Revenues	$	2,074	$	2,291	$	2,253	$	2,288	$	8,906
Operating income	279		406		385		362		1,432
Net income	163		217		164		225		769
Net income attributable to Hilton stockholders	161		217		162		224		764
Basic earnings per share(1)	$	0.51	$	0.72	$	0.55	$	0.76	$	2.53
Diluted earnings per share(1)	$	0.51	$	0.71	$	0.54	$	0.75	$	2.50

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(1)The sum of the earnings per share for the four quarters differs from annual earnings per share due to the required method of computing the weighted average shares outstanding in interim periods.