CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and equivalents	$ 508	$ 858
Accounts and notes receivable, net	1,914	1,695
Prepaid expenses and other	225	230
Assets held for sale	297	588
Assets, current, total	2,944	3,371
Property and equipment, net	1,894	2,335
Intangible assets
Goodwill	9,182	7,598
Goodwill and intangible assets, net, total	17,940	16,868
Equity and cost method investments	720	728
Notes receivable, net	228	245
Deferred tax assets	110	116
Other noncurrent assets	400	477
Total assets	24,236	24,140
Current liabilities
Current portion of long-term debt	398	309
Accounts payable	733	687
Accrued payroll and benefits	1,133	1,174
Liability for guest loyalty programs	1,959	1,866
Accrued expenses and other	1,385	1,111
Liabilities, current, total	5,608	5,147
Long-term debt	8,271	8,197
Liability for guest loyalty programs	2,824	2,675
Deferred tax liabilities	927	1,020
Other noncurrent liabilities	2,094	1,744
Shareholders’ equity
Class A Common Stock	5	5
Additional paid-in-capital	5,744	5,808
Retained earnings	7,310	6,501
Treasury stock, at cost	(8,498)	(6,460)
Accumulated other comprehensive loss	(49)	(497)
Stockholders' equity (deficit) attributable to parent	4,512	5,357
Liabilities and equity (deficit), total	24,236	24,140
Brands
Intangible assets
Intangible assets	5,898	6,509
Contract acquisition costs and other
Intangible assets
Intangible assets	$ 2,860	$ 2,761