v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Balance, beginning of period (in shares) at Dec. 31, 2024             42,613,090   53,531,579
Balance, beginning of period at Dec. 31, 2024 $ 3,826 $ 0 $ 3,815 $ (269) $ 279   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 24   20   4        
Other comprehensive income (loss) 58     45 13        
Measurement period adjustment for noncontrolling interest [1] 5       5        
Repurchases of common stock (in shares) [2]             (1,078,511)    
Repurchases of common stock [2] (150) (13) (137)            
Employee stock plan issuance (in shares)             12,982    
Employee stock plan issuance 2 2              
Share-based payment activity (in shares)             351,159    
Share-based payment activity 11 11              
Dividends declared (14) [3]   (14) [3]     $ (6)   $ (8)  
Class share conversions (in shares)             19,001   (19,001)
Balance, end of period (in shares) at Mar. 31, 2025             41,917,721   53,512,578
Balance, end of period at Mar. 31, 2025 3,762 0 3,684 (224) 301   $ 1   $ 0
Balance, beginning of period (in shares) at Dec. 31, 2024             42,613,090   53,531,579
Balance, beginning of period at Dec. 31, 2024 3,826 0 3,815 (269) 279   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 20                
Other comprehensive income (loss) $ 174                
Repurchases of common stock (in shares) (1,078,511)                
Class share conversions (in shares)           19,001   (19,001)  
Balance, end of period (in shares) at Jun. 30, 2025             41,956,870   53,512,578
Balance, end of period at Jun. 30, 2025 $ 3,887 27 3,667 (134) 326   $ 1   $ 0
Balance, beginning of period (in shares) at Mar. 31, 2025             41,917,721   53,512,578
Balance, beginning of period at Mar. 31, 2025 3,762 0 3,684 (224) 301   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (4)   (3)   (1)        
Other comprehensive income (loss) 116     90 26        
Employee stock plan issuance (in shares)             21,695    
Employee stock plan issuance 2 2              
Share-based payment activity (in shares) [4]             17,454    
Share-based payment activity [4] 25 25              
Dividends declared (14) [3]   (14) [3]     $ (6)   $ (8)  
Balance, end of period (in shares) at Jun. 30, 2025             41,956,870   53,512,578
Balance, end of period at Jun. 30, 2025 3,887 27 3,667 (134) 326   $ 1   $ 0
Balance, beginning of period (in shares) at Dec. 31, 2025           41,460,839 41,460,839 53,143,473 53,143,473
Balance, beginning of period at Dec. 31, 2025 3,659 0 3,482 (149) 325   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 41   38   3        
Other comprehensive income (loss) (11)     (6) (5)        
Repurchases of common stock (in shares) [2]             (840,249)    
Repurchases of common stock [2] (136) (12) (124)            
Employee stock plan issuance (in shares)             13,224    
Employee stock plan issuance 2 2              
Share-based payment activity (in shares)             363,762    
Share-based payment activity 10 10              
Dividends declared (14) [3]   (14) [3]     $ (6)   $ (8)  
Class share conversions (in shares)             12,000   (12,000)
Balance, end of period (in shares) at Mar. 31, 2026             41,009,576   53,131,473
Balance, end of period at Mar. 31, 2026 3,551 0 3,382 (155) 323   $ 1   $ 0
Balance, beginning of period (in shares) at Dec. 31, 2025           41,460,839 41,460,839 53,143,473 53,143,473
Balance, beginning of period at Dec. 31, 2025 3,659 0 3,482 (149) 325   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 150                
Other comprehensive income (loss) $ (37)                
Repurchases of common stock (in shares) (902,854)                
Class share conversions (in shares)           387,666   (387,666)  
Balance, end of period (in shares) at Jun. 30, 2026           41,525,307 41,525,307 52,755,807 52,755,807
Balance, end of period at Jun. 30, 2026 $ 3,624 4 3,478 (177) 318   $ 1   $ 0
Balance, beginning of period (in shares) at Mar. 31, 2026             41,009,576   53,131,473
Balance, beginning of period at Mar. 31, 2026 3,551 0 3,382 (155) 323   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 109   110   (1)        
Other comprehensive income (loss) (26)     (22) (4)        
Repurchases of common stock (in shares)             (62,605)    
Repurchases of common stock (12) (12)              
Employee stock plan issuance (in shares)             18,695    
Employee stock plan issuance 3 3              
Share-based payment activity (in shares)             183,975    
Share-based payment activity 13 13              
Dividends declared (14) [3]   (14) [3]     $ (6)   $ (8)  
Class share conversions (in shares)             375,666   (375,666)
Balance, end of period (in shares) at Jun. 30, 2026           41,525,307 41,525,307 52,755,807 52,755,807
Balance, end of period at Jun. 30, 2026 $ 3,624 $ 4 $ 3,478 $ (177) $ 318   $ 1   $ 0
[1]
(1) Relates to an acquisition that was completed during the year ended December 31, 2024.
[2]
(2) Includes a $1 million liability recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets at the respective balance sheet dates related to the 1% U.S. federal excise tax.
[3]
(3) Cash dividends declared of $0.15 per share includes $6 million and $8 million to Class A and Class B stockholders, respectively.
[4]
(4) Includes $3 million of additional paid-in capital related to time-vested restricted stock units granted to certain Playa Hotels & Resorts N.V. employees as part of the total purchase consideration on the acquisition date (see Note 7).