CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
Net income		$ 994	$ 1,590
Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other		207	208
Share-based compensation		138	140
Income taxes		(98)	(157)
Contract acquisition costs		(140)	(110)
Merger-related charges		137	(37)
Working capital changes		(404)	(101)
Gain on asset dispositions		(15)	(191)
Other		208	67
Net cash provided by operating activities		1,190	1,824
INVESTING ACTIVITIES
Capital expenditures		(235)	(462)
Dispositions		4	460
Loan advances		(23)	(13)
Loan collections		49	47
Other		(38)	49
Net cash (used in) provided by investing activities		(243)	81
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net		1,177	1,045
Issuance of long-term debt		852	443
Repayment of long-term debt		(621)	(391)
Issuance of Class A Common Stock		7	4
Dividends paid		(455)	(404)
Purchase of treasury stock		(1,828)	(2,513)
Share-based compensation withholding taxes		(132)	(105)
Other		(7)	0
Net cash used in financing activities		(1,007)	(1,921)
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(60)	(16)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period	[1]	360	429
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period	[1]	300	413
Liability for guest loyalty program
Adjustments to reconcile to cash provided by operating activities:
Liability for guest loyalty program		$ 163	$ 415

[1] The 2019 amounts include beginning restricted cash of $44 million at December 31, 2018, and ending restricted cash of $24 million at September 30, 2019, which we present in the “Prepaid expenses and other” and “Other noncurrent assets” captions of our Balance Sheets.