CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net income	$ 466	$ 447
Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other	61	76
Share-based compensation	59	55
Income taxes	61	99
Liability for guest loyalty programs	131	101
Working capital changes	(45)	(68)
Other	65	42
Net cash provided by operating activities	798	752
INVESTING ACTIVITIES
Capital expenditures	(78)	(159)
Dispositions	53	581
Loan advances	(24)	(12)
Loan collections	2	14
Contract acquisition costs	(37)	(72)
Acquisition of a business, net of cash acquired	0	(136)
Redemption of debt security	0	121
Other	12	15
Net cash (used in) provided by investing activities	(72)	352
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net	(941)	136
Issuance of long-term debt	1,483	0
Repayment of long-term debt	(294)	(4)
Issuance of Class A Common Stock	16	31
Dividends paid	(140)	(124)
Purchase of treasury stock	(249)	(1,107)
Other	(18)	0
Net cash used in financing activities	(143)	(1,068)
INCREASE IN CASH AND EQUIVALENTS	583	36
CASH AND EQUIVALENTS, beginning of period	96	104
CASH AND EQUIVALENTS, end of period	$ 679	$ 140