v3.26.3
Business Segments - Reconciliation of Revenue from Segment Amounts to Consolidated Amounts (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues $ 3,325 $ 3,120 $ 9,603 $ 8,952
Amortization of contract acquisition costs (16) (15) (48) (42)
Segment Revenues        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 1,316 1,250 3,778 3,561
Segment Revenues | Management and Franchise        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 1,012 928 2,914 2,673
Segment Revenues | Ownership        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 304 322 864 888
Segment Reconciling Items        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Amortization of contract acquisition costs (16) (15) (48) (42)
Intersegment Eliminations        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues [1] (14) (16) (41) (32)
Franchise and licensing fees        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 815 739 2,319 2,109
Franchise and licensing fees | Management and Franchise        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 822 746 2,342 2,128
Base and other management fees        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 96 93 290 278
Base and other management fees | Management and Franchise        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues [1] 110 108 333 324
Incentive management fees        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 71 65 216 212
Incentive management fees | Management and Franchise        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues [1] 80 74 239 221
Other revenues        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 72 64 210 187
Other revenues | Segment Reconciling Items        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 72 64 210 187
Cost reimbursement revenues        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 1,967 1,837 5,704 5,278
Cost reimbursement revenues | Segment Reconciling Items        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues [2] $ 1,967 $ 1,837 $ 5,704 $ 5,278
[1] Includes management, royalty and IP fees charged to consolidated hotels in our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.
[2] Amounts include revenues from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.