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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and equivalents $ 554 $ 507
Accounts and notes receivable, net 2,462 2,571
Prepaid expenses and other 248 235
Assets, current, total 3,264 3,313
Property and equipment, net 1,595 1,585
Intangible assets    
Goodwill 8,904 8,872
Goodwill and intangible assets, net, total 17,736 17,619
Equity method investments 334 335
Notes receivable, net 126 152
Deferred tax assets 240 240
Operating lease assets 984 987
Other noncurrent assets 584 584
Total assets 24,863 24,815
Current liabilities    
Current portion of long-term debt 358 684
Accounts payable 722 746
Accrued payroll and benefits 1,027 1,299
Accrued expenses and other 1,481 1,296
Liabilities, current, total 6,969 7,339
Long-term debt 10,299 9,380
Deferred tax liabilities 307 313
Operating lease liabilities 1,024 1,034
Other noncurrent liabilities 1,711 1,842
Stockholders’ equity    
Class A Common Stock 5 5
Additional paid-in-capital 5,906 5,965
Retained earnings 12,975 12,342
Treasury stock, at cost (18,099) (17,015)
Accumulated other comprehensive loss (647) (729)
Stockholders’ equity 140 568
Liabilities and equity (deficit), total 24,863 24,815
Brands    
Intangible assets    
Intangible assets 5,836 5,812
Contract acquisition costs and other    
Intangible assets    
Intangible assets 2,996 2,935
Liability for guest loyalty program    
Current liabilities    
Liability for guest loyalty program 3,381 3,314
Contract with customer liabilities 3,350 3,280
Deferred revenue    
Current liabilities    
Contract with customer liabilities $ 1,063 $ 1,059