Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Stockholders' Equity (Deficit)

The following tables present the changes in the components of stockholders' equity (deficit):

	Three Months Ended September 30, 2023
	Equity (Deficit) Attributable to Hilton Stockholders
				Treasury Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss
	Common Stock											Noncontrolling Interests
	Shares	Amount												Total
	(in millions)
Balance as of June 30, 2023	262.3	$	3	$	(6,956)	$	10,879	$	(4,654)	$	(703)	$	8	$	(1,423)
Net income	—	—		—		—		377		—		2		379
Other comprehensive loss	—	—		—		—		—		(25)		—		(25)
Dividends	—	—		—		—		(39)		—		—		(39)
Repurchases of common stock(1)	(4.5)	—		(691)		—		—		—		—		(691)
Share-based compensation	0.1	—		—		46		—		—		—		46
Balance as of September 30, 2023	257.9	$	3	$	(7,647)	$	10,925	$	(4,316)	$	(728)	$	10	$	(1,753)

	Three Months Ended September 30, 2022
	Equity (Deficit) Attributable to Hilton Stockholders
				Treasury Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss
	Common Stock											Noncontrolling Interests
	Shares	Amount												Total
	(in millions)
Balance as of June 30, 2022	275.5	$	3	$	(5,048)	$	10,753	$	(5,783)	$	(714)	$	—	$	(789)
Net income (loss)	—	—		—		—		347		—		(1)		346
Other comprehensive income	—	—		—		—		—		29		—		29
Dividends	—	—		—		—		(41)		—		—		(41)
Repurchases of common stock	(4.0)	—		(497)		—		—		—		—		(497)
Share-based compensation	—	—		—		38		—		—		—		38
Balance as of September 30, 2022	271.5	$	3	$	(5,545)	$	10,791	$	(5,477)	$	(685)	$	(1)	$	(914)

	Nine Months Ended September 30, 2023
	Equity (Deficit) Attributable to Hilton Stockholders
				Treasury Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss
	Common Stock											Noncontrolling Interests
	Shares	Amount												Total
	(in millions)
Balance as of December 31, 2022	267.9	$	3	$	(6,040)	$	10,831	$	(5,190)	$	(706)	$	4	$	(1,098)
Net income	—	—		—		—		994		—		7		1,001
Other comprehensive loss(2)	—	—		—		—		—		(22)		(1)		(23)
Dividends	—	—		—		—		(120)		—		—		(120)
Repurchases of common stock(1)	(11.0)	—		(1,615)		—		—		—		—		(1,615)
Share-based compensation	1.0	—		8		94		—		—		—		102
Balance as of September 30, 2023	257.9	$	3	$	(7,647)	$	10,925	$	(4,316)	$	(728)	$	10	$	(1,753)

	Nine Months Ended September 30, 2022
	Equity (Deficit) Attributable to Hilton Stockholders
				Treasury Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss
	Common Stock											Noncontrolling Interests
	Shares	Amount												Total
	(in millions)
Balance as of December 31, 2021	279.1	$	3	$	(4,443)	$	10,720	$	(6,322)	$	(779)	$	2	$	(819)
Net income (loss)	—	—		—		—		927		—		(3)		924
Other comprehensive income	—	—		—		—		—		94		—		94
Dividends	—	—		—		—		(82)		—		—		(82)
Repurchases of common stock	(8.5)	—		(1,107)		—		—		—		—		(1,107)
Share-based compensation	0.9	—		5		71		—		—		—		76
Balance as of September 30, 2022	271.5	$	3	$	(5,545)	$	10,791	$	(5,477)	$	(685)	$	(1)	$	(914)

____________

(1)Beginning January 1, 2023, amount includes excise tax as imposed by the Inflation Reduction Act of 2022.

(2)Amount for noncontrolling interests relates to currency translation adjustments.

Schedule of Accumulated Other Comprehensive Loss

The changes in the components of accumulated other comprehensive loss, net of taxes, were as follows:

	Currency Translation Adjustment(1)		Pension Liability Adjustment(2)		Cash Flow Hedge Adjustment(3)		Total
	(in millions)
Balance as of December 31, 2022	$	(548)	$	(259)	$	101	$	(706)
Other comprehensive income (loss) before reclassifications	(32)		—		31		(1)
Amounts reclassified from accumulated other comprehensive loss	—		6		(27)		(21)
Net current period other comprehensive income (loss)	(32)		6		4		(22)
Balance as of September 30, 2023	$	(580)	$	(253)	$	105	$	(728)

	Currency Translation Adjustment(1)		Pension Liability Adjustment(2)		Cash Flow Hedge Adjustment(3)		Total
	(in millions)
Balance as of December 31, 2021	$	(540)	$	(210)	$	(29)	$	(779)
Other comprehensive income (loss) before reclassifications	(48)		(2)		121		71
Amounts reclassified from accumulated other comprehensive loss	1		6		16		23
Net current period other comprehensive income (loss)	(47)		4		137		94
Balance as of September 30, 2022	$	(587)	$	(206)	$	108	$	(685)

____________

(1)Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the nine months ended September 30, 2022 relates to the liquidation of an investment in a foreign entity and was recognized in gain on foreign currency transactions in our condensed consolidated statement of operations.

(2)Amounts reclassified relate to the amortization of prior service cost and amortization of net loss and were recognized in other non-operating income, net in our condensed consolidated statements of operations.

(3)Amounts reclassified were the result of hedging instruments, including: (a) interest rate swaps, inclusive of interest rate swaps that were dedesignated, with related amounts recognized in interest expense in our condensed consolidated statements of operations and (b) forward contracts that hedge our foreign currency denominated fees, with related amounts recognized in various revenue line items, as applicable, in our condensed consolidated statements of operations.