CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and equivalents		$ 383	$ 858
Accounts and notes receivable, net	[1]	1,991	1,695
Prepaid expenses and other	[1]	224	230
Assets held for sale		149	588
Assets, current, total		2,747	3,371
Property and equipment, net		1,793	2,335
Intangible assets
Intangible assets		8,805	9,270
Goodwill		9,207	7,598
Goodwill and intangible assets, net, total		18,012	16,868
Equity and cost method investments	[1]	740	728
Notes receivable, net		142	245
Deferred tax assets		93	116
Other noncurrent assets	[1]	421	477
Total assets		23,948	24,140
Current liabilities
Current portion of long-term debt		398	309
Accounts payable	[1]	780	687
Accrued payroll and benefits		1,227	1,174
Liability for guest loyalty programs		2,064	1,866
Accrued expenses and other	[1]	1,541	1,111
Liabilities, current, total		6,010	5,147
Long-term debt		7,840	8,197
Liability for guest loyalty programs		2,876	2,675
Deferred tax liabilities	[1]	604	1,020
Other noncurrent liabilities	[1]	2,887	1,744
Shareholders’ equity
Class A Common Stock		5	5
Additional paid-in-capital		5,770	5,808
Retained earnings		7,391	6,501
Treasury stock, at cost		(9,418)	(6,460)
Accumulated other comprehensive loss		(17)	(497)
Stockholders' deficit		3,731	5,357
Liabilities and deficit, total		23,948	24,140
Brands
Intangible assets
Intangible assets		5,921	6,509
Contract acquisition costs and other
Intangible assets
Intangible assets	[1]	$ 2,884	$ 2,761

[1] See Footnote 19 “Related Party Transactions” for disclosure of related party amounts.