v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 774 $ 918
Restricted cash and cash equivalents 56 52
Accounts receivable, net of allowance for credit losses of $175 and $163 1,800 1,690
Prepaid expenses 252 219
Other 230 117
Total current assets (variable interest entities – $65 and $85) 3,112 2,996
Intangibles and Other Assets:    
Goodwill 5,067 5,081
Brands 5,012 5,023
Operating lease right-of-use assets 494 577
Property and equipment, net 682 684
Deferred income tax assets 202 252
Other 485 484
Total intangibles and other assets (variable interest entities – $348 and $341) 13,689 13,778
TOTAL ASSETS 16,801 16,774
Current Liabilities:    
Accounts payable, accrued expenses and other 2,448 2,336
Current maturities of long-term debt [1] 626 25
Current portion of deferred revenues 828 858
Total current liabilities (variable interest entities – $39 and $47) 5,273 4,508
Liabilities, Noncurrent:    
Long-term debt 12,731 12,338
Operating lease liabilities 615 730
Deferred revenues 1,721 1,648
Deferred income tax liabilities 244 322
Other 1,038 950
Total liabilities (variable interest entities – $325 and $340) 23,360 22,120
Commitments and contingencies – see Note 11
Redeemable Noncontrolling Interests 4 13
Equity (Deficit):    
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 223,093,590 outstanding as of September 30, 2026 and 230,433,192 outstanding as of December 31, 2025 3 3
Treasury stock, at cost; 114,764,921 shares as of September 30, 2026 and 106,540,900 shares as of December 31, 2025 (17,044) (14,428)
Additional paid-in capital 11,395 11,274
Accumulated deficit (208) (1,508)
Accumulated other comprehensive loss (739) (729)
Total Hilton stockholders' deficit (6,593) (5,388)
Noncontrolling interests 30 29
Total deficit (6,563) (5,359)
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY (DEFICIT) 16,801 16,774
Management and franchise    
Intangibles and Other Assets:    
Management and franchise contracts, net 1,556 1,471
Other    
Intangibles and Other Assets:    
Other intangible assets, net 191 206
Guest Loyalty Program    
Current Liabilities:    
Current portion of liability for guest loyalty program 1,371 1,289
Liabilities, Noncurrent:    
Liability for guest loyalty program $ 1,738 $ 1,624
[1] Represents current maturities of finance lease liabilities and the 4.875% Senior Notes due 2027 (the "2027 Senior Notes"). We believe that we have sufficient sources of liquidity and access to debt financing to address the current maturities of long-term debt at or prior to the respective maturity dates.