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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Base management fees [1] $ 698 $ 672 $ 621
Franchise fees 853 745 666
Incentive management fees [1] 319 302 256
Owned, leased, and other revenue [1] 986 1,022 950
Cost reimbursements [1] 11,630 11,055 10,291
Total revenue 14,486 13,796 12,784
OPERATING COSTS AND EXPENSES      
Owned, leased, and other-direct 733 775 729
Reimbursed costs [1] 11,630 11,055 10,291
Depreciation, amortization, and other [1] 139 148 127
General, administrative, and other [1] 634 659 649
Costs and Expenses, Total 13,136 12,637 11,796
OPERATING INCOME 1,350 1,159 988
Gains and other income, net [1] 27 8 11
Interest expense [1] (167) (115) (120)
Interest income [1] 29 30 23
Equity in earnings (losses) [1] 16 6 (5)
INCOME BEFORE INCOME TAXES 1,255 1,088 897
Provision for income taxes (396) (335) (271)
NET INCOME $ 859 $ 753 $ 626
EARNINGS PER SHARE      
Earnings per share - basic (in USD per share) $ 3.22 $ 2.60 $ 2.05
Earnings per share - diluted (in USD per share) $ 3.15 $ 2.54 $ 2.00
[1] See Footnote No. 17, “Related Party Transactions,” to our Consolidated Financial Statements for disclosure of related party amounts.