CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| REVENUES | ||||||
| Revenue | $ 7,071 | $ 6,744 | $ 13,725 | $ 13,007 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Depreciation, amortization, and other | 115 | 53 | 169 | 104 | ||
| General and administrative | [1] | 220 | 210 | 439 | 419 | |
| Restructuring and merger-related (recoveries) charges, and other | (10) | 8 | (6) | 9 | ||
| Costs and expenses | 5,842 | 5,508 | 11,432 | 10,823 | ||
| OPERATING INCOME | 1,229 | 1,236 | 2,293 | 2,184 | ||
| Gains and other income, net | 11 | 5 | 14 | 3 | ||
| Interest expense | (221) | (203) | (435) | (395) | ||
| Interest income | 20 | 12 | 30 | 21 | ||
| Equity in earnings | 5 | 4 | 0 | 5 | ||
| INCOME BEFORE INCOME TAXES | 1,044 | 1,054 | 1,902 | 1,818 | ||
| Provision for income taxes | (278) | (291) | (488) | (390) | ||
| NET INCOME | $ 766 | $ 763 | $ 1,414 | $ 1,428 | ||
| EARNINGS PER SHARE | ||||||
| Earnings per share - basic (in USD per share) | $ 2.90 | $ 2.78 | $ 5.34 | $ 5.18 | ||
| Earnings per share - diluted (in USD per share) | $ 2.90 | $ 2.78 | $ 5.32 | $ 5.17 | ||
| Net fee revenues | ||||||
| REVENUES | ||||||
| Gross fee revenues | $ 1,578 | $ 1,400 | $ 3,011 | $ 2,675 | ||
| Contract investment amortization | (31) | (29) | (66) | (57) | ||
| Revenue | 1,547 | 1,371 | 2,945 | 2,618 | ||
| Franchise fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 1,023 | 860 | 1,895 | 1,606 | ||
| Base management fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 343 | 340 | 682 | 665 | ||
| Incentive management fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 212 | 200 | 434 | 404 | ||
| Owned, leased, and other | ||||||
| REVENUES | ||||||
| Revenue | 466 | 441 | 878 | 802 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Operating costs | [1] | 417 | 363 | 794 | 695 | |
| Reimbursements | ||||||
| REVENUES | ||||||
| Revenue | 5,058 | 4,932 | 9,902 | 9,587 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Operating costs | $ 5,100 | $ 4,874 | $ 10,036 | $ 9,596 | ||
| ||||||
| X | ||||||||||
- Definition Depreciation, Amortization And Other, Excluding Capitalized Contract Cost Amortization No definition available.
|
| X | ||||||||||
- Definition Investment Income (Loss), Interest No definition available.
|
| X | ||||||||||
- Definition Restructuring And Merger-Related Charges (Recoveries), And Other No definition available.
|
| X | ||||||||||
- Definition Revenues, Gross Of Capitalized Contract Cost, Amortization No definition available.
|
| X | ||||||||||
- Definition Amount of amortization expense for asset recognized from cost incurred to obtain or fulfill contract with customer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|