CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and equivalents	$ 396	$ 338
Accounts and notes receivable, net	2,795	2,712
Prepaid expenses and other	294	261
Total current assets	3,485	3,311
Property and equipment, net	1,833	1,581
Intangible assets
Intangible assets	9,488	9,190
Goodwill	8,731	8,886
Total intangible assets	18,219	18,076
Equity method investments	298	308
Notes receivable, net	136	138
Deferred tax assets	650	673
Operating lease assets	845	929
Other noncurrent assets	716	658
Total assets	26,182	25,674
Current liabilities
Current portion of long-term debt	1,309	553
Accounts payable	763	738
Accrued payroll and benefits	1,449	1,390
Accrued expenses and other	1,641	1,753
Total current liabilities	8,649	7,762
Long-term debt	13,138	11,320
Deferred tax liabilities	81	209
Operating lease liabilities	794	887
Other noncurrent liabilities	1,377	1,482
Stockholders’ deficit
Class A Common Stock	5	5
Additional paid-in-capital	6,179	6,051
Retained earnings	16,531	14,838
Treasury stock, at cost	(24,644)	(20,929)
Accumulated other comprehensive loss	(1,063)	(647)
Stockholders' deficit, total	(2,992)	(682)
Liabilities and Stockholders' deficit, total	26,182	25,674
Brands
Intangible assets
Intangible assets	5,770	5,907
Contract acquisition costs and other
Intangible assets
Intangible assets	3,718	3,283
Guest loyalty program
Current liabilities
Liability for guest loyalty program	3,487	3,328
Contract with customer	4,032	3,678
Contract services, excluding loyalty program
Current liabilities
Contract with customer	$ 1,103	$ 1,018