XML 41 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended September 30,
20242023
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$396 $224 $402 $215 
Corporate and Other
— (16)— (15)
Total Company
$396 $208 $402 $200 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended September 30,
20242023
Net income$102 $103 
Provision for income taxes35 33 
Depreciation and amortization17 19 
Interest expense, net34 27 
Stock-based compensation 10 10 
Development advance notes amortization6 4 
Restructuring costs2 — 
Transaction-related 1 1 
Separation-related1 — 
Foreign currency impact of highly inflationary countries
— 3 
Adjusted EBITDA
$208 $200