v3.26.1
Other Expenses and Charges (Tables)
6 Months Ended
Jun. 30, 2026
Other Expenses [Abstract]  
Schedule of Restructuring Activity
The following table presents activity for the six months ended June 30, 2026:
2026 Activity
Liability as of December 31, 2025 (a)
Costs Recognized (b)
Cash Payments
Liability as of June 30, 2026 (c)
2026 Plan
Personnel-related$— $$— $
Other-related (d)
— (2)
Total 2026 Plan— (2)
2025 Plan
Personnel-related(5)
Facility-related— (1)
Total 2025 Plan(6)
Total accrued restructuring$$10 $(8)$10 
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(a)Reported within accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets.
(b)Costs recognized for the six months ended June 30, 2026 were $7 million relating to Corporate and $3 million relating to Hotel Franchising segment.
(c)Reported within accrued expenses and other current liabilities of $8 million and other non-current liabilities of $2 million as of June 30, 2026 on the Condensed Consolidated Balance Sheets.
(d)Other-related expenses consist of professional fees related to restructuring activities under the 2026 plan.
The following table presents activity for the six months ended June 30, 2025:
2025 Activity
Liability as of December 31, 2024Costs RecognizedCash PaymentsLiability as of June 30, 2025
2024 Plan
Personnel-related$$— $(3)$
2025 Plan
Personnel-related— (2)
Facility-related— — 
Total 2025 Plan— 13 (2)11 
Total accrued restructuring$$13 $(5)$13