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Business Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Revenues
Segment Revenues
The following tables present our revenues disaggregated by segment and major revenue stream for the 2019 second quarter, 2018 second quarter, 2019 first half, and 2018 first half:
 
Three Months Ended June 30, 2019
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
349

 
$
264

 
$
112

 
$
142

 
$
867

Contract investment amortization
(8
)
 
(3
)
 
(1
)
 
(3
)
 
(15
)
Net fee revenues
341

 
261

 
111

 
139

 
852

Owned, leased, and other revenue
147

 
38

 
50

 
168

 
403

Cost reimbursement revenue
2,915

 
602

 
149

 
306

 
3,972

Total segment revenue
$
3,403

 
$
901

 
$
310

 
$
613

 
$
5,227

Unallocated corporate
 
 
 
 
 
 
 
 
78

Total revenue
 
 
 
 
 
 
 
 
$
5,305

 
Three Months Ended June 30, 2018
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
345

 
$
250

 
$
110

 
$
128

 
$
833

Contract investment amortization
(7
)
 
(3
)
 
(1
)
 
(2
)
 
(13
)
Net fee revenues
338

 
247

 
109

 
126

 
820

Owned, leased, and other revenue
140

 
37

 
48

 
178

 
403

Cost reimbursement revenue
2,878

 
576

 
111

 
303

 
3,868

Total segment revenue
$
3,356

 
$
860

 
$
268

 
$
607

 
$
5,091

Unallocated corporate
 
 
 
 
 
 
 
 
318

Total revenue
 
 
 
 
 
 
 
 
$
5,409

 
Six Months Ended June 30, 2019
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
665

 
$
476

 
$
230

 
$
271

 
$
1,642

Contract investment amortization
(16
)
 
(6
)
 
(1
)
 
(6
)
 
(29
)
Net fee revenues
649

 
470

 
229

 
265

 
1,613

Owned, leased, and other revenue
294

 
69

 
91

 
312

 
766

Cost reimbursement revenue
5,765

 
1,131

 
260

 
565

 
7,721

Total segment revenue
$
6,708

 
$
1,670

 
$
580

 
$
1,142

 
$
10,100

Unallocated corporate
 
 
 
 
 
 
 
 
217

Total revenue
 
 
 
 
 
 
 
 
$
10,317


 
Six Months Ended June 30, 2018
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
644

 
$
446

 
$
227

 
$
250

 
$
1,567

Contract investment amortization
(18
)
 
(6
)
 
(1
)
 
(6
)
 
(31
)
Net fee revenues
626

 
440

 
226

 
244

 
1,536

Owned, leased, and other revenue
295

 
70

 
95

 
336

 
796

Cost reimbursement revenue
5,734

 
1,090

 
222

 
554

 
7,600

Total segment revenue
$
6,655

 
$
1,600

 
$
543

 
$
1,134

 
$
9,932

Unallocated corporate
 
 
 
 
 
 
 
 
486

Total revenue
 
 
 
 
 
 
 
 
$
10,418


Segment Profits
Segment Profits
 
Three Months Ended
 
Six Months Ended
($ in millions)
June 30, 2019
 
June 30, 2018
 
June 30, 2019
 
June 30, 2018
North American Full-Service
$
338

 
$
394

 
$
627

 
$
671

North American Limited-Service
253

 
252

 
455

 
434

Asia Pacific
92

 
140

 
195

 
252

Other International
118

 
160

 
213

 
319

Unallocated corporate
(391
)
 
7

 
(557
)
 
(121
)
Interest expense, net of interest income
(96
)
 
(79
)
 
(187
)
 
(149
)
Income taxes
(82
)
 
(207
)
 
(139
)
 
(319
)
Net Income
$
232

 
$
667

 
$
607

 
$
1,087