v3.25.4
Debt - Long-term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]        
Weighted average discount rate, finance leases   4.65%   6.03%
Long-term debt, gross $ 12,459     $ 11,236
Unamortized deferred financing costs and discount (96)     (85)
Current maturities of long-term debt [1] (25)     (535)
Long-term debt 12,338     10,616
Senior secured term loan facility due 2030        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage   5.48%    
Long-term debt, gross 3,119     3,119
Senior notes due 2025        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   5.375%    
Long-term debt, gross [2] 0     500
Senior notes due 2027        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   4.875%    
Long-term debt, gross [2] 600     600
Senior notes due 2028        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage   5.75% [2] 5.75%  
Long-term debt, gross [2] 0     500
5.875% Senior notes due 2029        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   5.875%    
Long-term debt, gross [2] 550     550
3.750% Senior notes due 2029        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   3.75%    
Long-term debt, gross [2] 800     800
Senior notes due 2030        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   4.875%    
Long-term debt, gross [2] 1,000     1,000
Senior notes due 2031        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   4.00%    
Long-term debt, gross [2] 1,100     1,100
3.625% Senior notes due 2032        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   3.625%    
Long-term debt, gross [2] 1,500     1,500
6.125% Senior notes due 2032        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   6.125%    
Long-term debt, gross [2] 450     450
5.875% Senior notes due 2033        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]   5.875%    
Long-term debt, gross [2] 1,000     1,000
5.750% Senior notes due 2033        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]     5.75%  
Long-term debt, gross [2] 1,000     0
5.500% Senior notes due 2034        
Debt Instrument [Line Items]        
Debt instrument, interest rate, stated percentage [2]     5.50%  
Long-term debt, gross [2] 1,000     0
Finance lease liabilities        
Debt Instrument [Line Items]        
Weighted average discount rate, finance leases [3]   4.65%    
Long-term debt, gross [3] $ 340     $ 117
[1] Amount as of December 31, 2025 represents current maturities of finance lease liabilities. Amount as of December 31, 2024 represents current maturities of finance lease liabilities and the 5.375% Senior Notes due 2025 (the "May 2025 Senior Notes").
[2] These notes are collectively referred to as the Senior Notes and are jointly and severally guaranteed on a senior unsecured basis by the Parent and substantially all of its direct and indirect wholly owned domestic restricted subsidiaries, other than Hilton Domestic Operating Company Inc. ("HOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes.
[3] Includes long-term debt of our consolidated VIEs. Refer to Note 5: "Consolidated Variable Interest Entities" for additional information, as well as an explanation of the increase in the total finance lease liabilities as of December 31, 2025, when compared to December 31, 2024.