CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and equivalents	$ 507	$ 1,393
Accounts and notes receivable, net	2,571	1,982
Prepaid expenses and other	235	251
Total current assets	3,313	3,626
Property and equipment, net	1,585	1,503
Intangible assets
Intangible assets	8,747	8,926
Goodwill	8,872	9,073
Total intangible assets	17,619	17,999
Equity method investments	335	387
Notes receivable, net	152	144
Deferred tax assets	240	228
Operating lease assets	987	1,062
Other noncurrent assets	584	604
Total assets	24,815	25,553
Current liabilities
Current portion of long-term debt	684	805
Accounts payable	746	726
Accrued payroll and benefits	1,299	1,187
Accrued expenses and other	1,296	1,167
Total current liabilities	7,339	6,407
Long-term debt	9,380	9,333
Deferred tax liabilities	313	169
Operating lease liabilities	1,034	1,098
Other noncurrent liabilities	1,842	2,002
Stockholders’ equity
Class A Common Stock	5	5
Additional paid-in-capital	5,965	5,892
Retained earnings	12,342	10,305
Treasury stock, at cost	(17,015)	(14,446)
Accumulated other comprehensive loss	(729)	(342)
Shareholder's equity (deficit)	568	1,414
Liabilities and deficit, total	24,815	25,553
Brands
Intangible assets
Intangible assets	5,812	5,979
Contract acquisition costs and other
Intangible assets
Intangible assets	2,935	2,947
Guest loyalty program
Current liabilities
Liability for guest loyalty program	3,314	2,522
Contract with customer	3,280	3,949
Deferred revenue
Current liabilities
Contract with customer	$ 1,059	$ 1,181