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Business Segments (Tables)
9 Months Ended
Sep. 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 third quarter, 2018 third quarter, 2019 first three quarters, and 2018 first three quarters:
 
Three Months Ended September 30, 2019
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
305

 
$
265

 
$
114

 
$
139

 
$
823

Contract investment amortization
(9
)
 
(4
)
 
(1
)
 
(2
)
 
(16
)
Net fee revenues
296

 
261

 
113

 
137

 
807

Owned, leased, and other revenue
138

 
33

 
39

 
170

 
380

Cost reimbursement revenue
2,850

 
590

 
133

 
288

 
3,861

Total segment revenue
$
3,284

 
$
884

 
$
285

 
$
595

 
$
5,048

Unallocated corporate
 
 
 
 
 
 
 
 
236

Total revenue
 
 
 
 
 
 
 
 
$
5,284

 
Three Months Ended September 30, 2018
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
305

 
$
246

 
$
119

 
$
135

 
$
805

Contract investment amortization
(7
)
 
(3
)
 

 
(3
)
 
(13
)
Net fee revenues
298

 
243

 
119

 
132

 
792

Owned, leased, and other revenue
137

 
34

 
46

 
165

 
382

Cost reimbursement revenue
2,688

 
574

 
110

 
264

 
3,636

Total segment revenue
$
3,123

 
$
851

 
$
275

 
$
561

 
$
4,810

Unallocated corporate
 
 
 
 
 
 
 
 
241

Total revenue
 
 
 
 
 
 
 
 
$
5,051

 
Nine Months Ended September 30, 2019
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
970

 
$
741

 
$
344

 
$
410

 
$
2,465

Contract investment amortization
(25
)
 
(10
)
 
(2
)
 
(8
)
 
(45
)
Net fee revenues
945

 
731

 
342

 
402

 
2,420

Owned, leased, and other revenue
432

 
102

 
130

 
482

 
1,146

Cost reimbursement revenue
8,615

 
1,721

 
393

 
853

 
11,582

Total segment revenue
$
9,992

 
$
2,554

 
$
865

 
$
1,737

 
$
15,148

Unallocated corporate
 
 
 
 
 
 
 
 
453

Total revenue
 
 
 
 
 
 
 
 
$
15,601


 
Nine Months Ended September 30, 2018
($ in millions)
North American Full-Service
 
North American Limited-Service
 
Asia Pacific
 
Other International
 
Total
Gross fee revenues
$
949

 
$
692

 
$
346

 
$
385

 
$
2,372

Contract investment amortization
(25
)
 
(9
)
 
(1
)
 
(9
)
 
(44
)
Net fee revenues
924

 
683

 
345

 
376

 
2,328

Owned, leased, and other revenue
432

 
104

 
141

 
501

 
1,178

Cost reimbursement revenue
8,422

 
1,664

 
332

 
818

 
11,236

Total segment revenue
$
9,778

 
$
2,451

 
$
818

 
$
1,695

 
$
14,742

Unallocated corporate
 
 
 
 
 
 
 
 
727

Total revenue
 
 
 
 
 
 
 
 
$
15,469


Segment Profits
Segment Profits
 
Three Months Ended
 
Nine Months Ended
($ in millions)
September 30, 2019
 
September 30, 2018
 
September 30, 2019
 
September 30, 2018
North American Full-Service
$
255

 
$
248

 
$
882

 
$
919

North American Limited-Service
238

 
206

 
693

 
640

Asia Pacific
81

 
106

 
276

 
358

Other International
122

 
176

 
335

 
495

Unallocated corporate
(77
)
 
(61
)
 
(634
)
 
(182
)
Interest expense, net of interest income
(92
)
 
(81
)
 
(279
)
 
(230
)
Income taxes
(140
)
 
(91
)
 
(279
)
 
(410
)
Net Income
$
387

 
$
503

 
$
994

 
$
1,590