v3.26.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of September 30, 2026, were as follows:

September 30,December 31,
20262025
(in millions)
Senior secured term loan facility with a rate of 5.65%, due 2030
$3,119 $3,119 
Senior notes with a rate of 4.875%, due 2027(1)
600 600 
Senior notes with a rate of 5.875%, due 2029(1)
550 550 
Senior notes with a rate of 3.750%, due 2029(1)
800 800 
Senior notes with a rate of 4.875%, due 2030(1)
1,000 1,000 
Senior notes with a rate of 4.000%, due 2031(1)
1,100 1,100 
Senior notes with a rate of 5.500%, due 2031(1)
1,000 — 
Senior notes with a rate of 3.625%, due 2032(1)
1,500 1,500 
Senior notes with a rate of 6.125%, due 2032(1)
450 450 
Senior notes with a rate of 5.875%, due 2033(1)
1,000 1,000 
Senior notes with a rate of 5.750%, due 2033(1)
1,000 1,000 
Senior notes with a rate of 5.500%, due 2034(1)
1,000 1,000 
Finance lease liabilities with a weighted average rate of 4.60%, due 2026 to 2060(2)
334 340 
13,453 12,459 
Less: unamortized deferred financing costs and discount
(96)(96)
Less: current maturities of long-term debt(3)
(626)(25)
$12,731 $12,338 
____________
(1)These notes are collectively referred to as the Senior Notes and are jointly and severally guaranteed on a senior unsecured basis by the Parent and substantially all of its direct and indirect wholly owned domestic restricted subsidiaries, other than Hilton Domestic Operating Company Inc. ("HDOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes.
(2)Includes long-term debt of our consolidated VIEs. Refer to Note 3: "Consolidated Variable Interest Entities" for additional information.
(3)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.