CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash and equivalents	$ 1,078	$ 96
Accounts and notes receivable, net	1,705	1,103
Prepaid expenses	168	77
Other	65	30
Assets held for sale	771	78
Assets, current, total	3,787	1,384
Property and equipment, net	2,411	1,029
Intangible assets
Brands	6,606	197
Contract acquisition costs and other	3,442	1,254
Goodwill	7,175	943
Goodwill and intangible assets, net, total	17,223	2,394
Equity and cost method investments	830	165
Notes receivable, net	240	215
Deferred tax assets	92	672
Other noncurrent assets	419	223
Total assets	25,002	6,082
Current liabilities
Current portion of long-term debt	316	300
Accounts payable	667	593
Accrued payroll and benefits	1,136	861
Liability for guest loyalty programs	1,860	952
Accrued expenses and other	1,250	527
Liabilities, current, total	5,229	3,233
Long-term debt	8,506	3,807
Liability for guest loyalty programs	2,538	1,622
Deferred tax liabilities	1,308	17
Other noncurrent liabilities	1,580	993
Shareholders’ equity (deficit)
Class A Common Stock	5	5
Additional paid-in-capital	5,740	2,821
Retained earnings	6,375	4,878
Treasury stock, at cost	(6,110)	(11,098)
Accumulated other comprehensive loss	(169)	(196)
Stockholders' equity (deficit) attributable to parent	5,841	(3,590)
Liabilities and equity (deficit), total	$ 25,002	$ 6,082