v3.26.3
Revenues from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Contract Liabilities
The following table summarizes the activity of our contract liabilities, which are classified as components of current and long-term deferred revenues, during the nine months ended September 30, 2026:

(in millions)
Balance as of December 31, 2025
$2,354 
Cash received in advance and not recognized as revenue
805 
Revenue recognized(1)
(584)
Other(2)
(124)
Balance as of September 30, 2026
$2,451 
____________
(1)Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements.
(2)Primarily represents the changes in estimated transaction prices for our performance obligations related to the issuance of Hilton Honors points, which had no effect on revenues.