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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Revenues $ 4,681 $ 5,012
OPERATING COSTS AND EXPENSES    
Depreciation, amortization, and other 150 54
General, administrative, and other 270 222
Merger-related costs and (recoveries) charges (2) 9
Costs and expenses 4,567 4,502
OPERATING INCOME 114 510
(Losses) gains and other income, net (4) 5
Interest expense (93) (97)
Interest income 6 6
Equity in (losses) earnings (4) 8
INCOME BEFORE INCOME TAXES 19 432
Benefit (provision) for income taxes 12 (57)
NET INCOME $ 31 $ 375
EARNINGS PER SHARE    
Earnings per share - basic (in USD per share) $ 0.10 $ 1.10
Earnings per share - diluted (in USD per share) $ 0.09 $ 1.09
Base management fees    
REVENUES    
Gross revenues $ 214 $ 282
Franchise fees    
REVENUES    
Gross revenues 415 450
Incentive management fees    
REVENUES    
Gross revenues 0 163
Fee revenues    
REVENUES    
Gross revenues 629 895
Contract investment amortization (25) (14)
Revenues 604 881
Owned, leased, and other    
REVENUES    
Revenues 280 375
OPERATING COSTS AND EXPENSES    
Operating costs 272 325
Reimbursements    
REVENUES    
Revenues 3,797 3,756
OPERATING COSTS AND EXPENSES    
Operating costs $ 3,877 $ 3,892