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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 573 $ 589
Restricted cash 17 23
Accounts receivable, net of allowance for doubtful accounts 97 95
Inventories 31 29
Prepaid expenses 16 13
Fair value of derivative instruments 4 11
Other current assets 34 12
Current assets held for sale [1] 730 648
Total current assets 1,502 1,420
Property, equipment, land and leasehold improvements, net 3,127 3,141
Operating lease assets, net 326 0
Investment in unconsolidated business 9 8
Goodwill 2,043 2,043
Intangible assets, net 759 789
Fair value of derivative instruments 4 15
Other noncurrent assets 13 28
Total assets 7,783 7,444
Current liabilities:    
Due to Manager-related party 3 3
Accounts payable 49 38
Accrued expenses 72 86
Current portion of long-term debt 364 361
Operating lease liabilities – current 20 0
Other current liabilities 45 33
Current liabilities held for sale [1] 388 317
Total current liabilities 941 838
Long-term debt, net of current portion 2,653 2,653
Deferred income taxes 685 681
Operating lease liabilities – noncurrent 312 0
Other noncurrent liabilities 154 155
Total liabilities 4,745 4,327
Commitments and contingencies
Stockholders' equity:    
Additional paid in capital [2] 1,354 1,510
Accumulated other comprehensive loss [2] (28) (30)
Retained earnings [2] 1,566 1,485
Total stockholders’ equity [2] 2,892 2,965
Noncontrolling interests [3] 146 152
Total equity 3,038 3,117
Total liabilities and equity $ 7,783 $ 7,444
[1]
See Note 3, “Discontinued Operations and Dispositions”, for further discussion on assets and liabilities held for sale.
[2]
The Company is authorized to issue the following classes of stock: (i) 500,000,000 shares of common stock, par value $0.001 per share. At June 30, 2019 and December 31, 2018, the Company had 86,195,946 shares and 85,800,303 shares of common stock issued and outstanding, respectively; (ii) 100,000,000 shares of preferred stock, par value $0.001 per share. At June 30, 2019 and December 31, 2018, no preferred stocks were issued or outstanding; and (iii) 100 shares of special stock, par value $0.001 per share, issued and outstanding to its Manager as at June 30, 2019 and December 31, 2018.
[3]
Includes $138 million and $141 million of noncontrolling interest related to discontinued operations at June 30, 2019 and December 31, 2018, respectively. See Note 3, “Discontinued Operations and Dispositions”, for further discussions.