v3.26.1
CONTRACTS WITH CUSTOMERS
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
CONTRACTS WITH CUSTOMERS CONTRACTS WITH CUSTOMERS
Our current and noncurrent liability for guest loyalty program increased by $452 million, to $8,444 million as of June 30, 2026, from $7,992 million as of December 31, 2025, primarily reflecting points earned by members. The increase was partially offset by $1,802 million of revenue recognized in the 2026 first half, that was deferred as of December 31, 2025. The current portion of our liability for guest loyalty program increased by $183 million compared to December 31, 2025, mainly due to higher estimated redemptions in the short-term.
Our allowance for credit losses was $215 million as of June 30, 2026 and $212 million as of December 31, 2025.