v3.26.1
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Debt Repayment and Other Guarantees We enter into various debt repayment guarantees, as summarized below, in order to assist third-party owners, franchisees, and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms.
Geographical regionMaximum potential future payments (1)Maximum exposure net of recoverability from third parties (1), (2)
Other long-term liabilities recorded at June 30, 2026
Other long-term liabilities recorded at December 31, 2025
Year of guarantee expiration (3)
United States (4)$92 $20 $26 $23 various, through 2031
All foreign13 — 7 5 various, through 2028
Total $105 $20 $33 $28 
(1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default.
(2) We have agreements with our unconsolidated hospitality venture partners or the respective third-party owners or franchisees to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security.
(3) Certain underlying debt agreements have extension periods which are not reflected in the year of guarantee expiration.
(4) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the activity in our contingent consideration liabilities:
20262025
Fair value at January 1$180 $217 
Changes in fair value (Note 19)
(31)(5)
Payments(3)(3)
Foreign currency exchange, net (Note 19)
(1)— 
Fair value at March 31$145 $209 
Changes in fair value (Note 19)
(2)(3)
Foreign currency exchange, net (Note 19)
— 3 
Fair value at June 30$143 $209