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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Revenues $ 5,012 $ 5,009
OPERATING COSTS AND EXPENSES    
Depreciation, amortization, and other 54 54
General, administrative, and other 222 247
Merger-related costs and charges 9 34
Costs and expenses 4,502 4,479
OPERATING INCOME 510 530
Gains and other income, net 5 59
Interest expense (97) (75)
Interest income 6 5
Equity in earnings 8 13
INCOME BEFORE INCOME TAXES 432 532
Provision for income taxes (57) (112)
NET INCOME $ 375 $ 420
EARNINGS PER SHARE    
Earnings per share - basic (in USD per share) $ 1.10 $ 1.17
Earnings per share - diluted (in USD per share) $ 1.09 $ 1.16
Base management fees    
REVENUES    
Gross revenues $ 282 $ 273
Franchise fees    
REVENUES    
Gross revenues 450 417
Incentive management fees    
REVENUES    
Gross revenues 163 155
Fee revenues    
REVENUES    
Gross revenues 895 845
Contract investment amortization (14) (18)
Revenues 881 827
Owned, leased, and other    
REVENUES    
Revenues 375 406
OPERATING COSTS AND EXPENSES    
Operating costs 325 336
Reimbursements    
REVENUES    
Revenues 3,756 3,776
OPERATING COSTS AND EXPENSES    
Operating costs $ 3,892 $ 3,808