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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Current Assets:      
Cash and cash equivalents $ 862 $ 1,062 $ 513
Restricted cash and cash equivalents 124 121 120
Accounts receivable, net of allowance for doubtful accounts 911 755 664
Prepaid expenses 129 89 112
Income taxes receivable 0 13 97
Other 43 39 35
Current assets of discontinued operations 0 1,478 1,044
Total current assets 2,069 3,557 2,585
Intangibles and Other Assets:      
Goodwill 5,135 5,218 5,280
Brands 4,856 [1] 4,848 [2] 4,919 [2]
Management and franchise contracts, net 930 963 1,089
Other intangible assets, net 431 447 523
Property and equipment, net 341 341 411
Deferred income tax assets 82 82 59
Other 443 408 332
Non-current assets of discontinued operations 0 10,347 10,424
Total intangibles and other assets 12,218 22,654 23,037
Total assets 14,287 26,211 25,622
Current Liabilities:      
Accounts payable, accrued expenses and other 1,798 1,821 1,619
Current maturities of long-term debt [3] 41 33 7
Income taxes payable 128 56 27
Current liabilities of discontinued operations 0 774 812
Total current liabilities 1,967 2,684 2,465
Long-term debt 6,588 6,583 5,887
Deferred revenues 22 42 251
Deferred income tax liabilities 1,723 1,778 1,875
Liability for guest loyalty program 898 889 784
Other 1,493 1,492 1,265
Non-current liabilities of discontinued operations 0 6,894 7,144
Total liabilities 12,691 20,362 19,671
Commitments and contingencies
Equity:      
Preferred stock 0 0 0
Common stock 3 [4] 3 [4],[5] 3 [5]
Treasury stock, at cost (70) 0  
Additional paid-in capital 10,214 [4] 10,220 [4],[5] 10,158 [5]
Accumulated deficit (7,631) (3,323) (3,392)
Accumulated other comprehensive loss (918) (1,001) (784)
Total Hilton stockholders' equity 1,598 5,899 5,985
Noncontrolling interests (2) (50) (34)
Total equity 1,596 5,849 5,951
Total liabilities and equity $ 14,287 $ 26,211 $ 25,622
[1] Represents intangible assets that were initially recorded at their fair value as part of the October 24, 2007 transaction whereby we became a wholly owned subsidiary of an affiliate of Blackstone (the "Merger").
[2] Represents intangible assets that were initially recorded at their fair value at the time of the Merger.
[3] Net of unamortized deferred financing costs and discount attributable to current maturities of long-term debt.
[4] Adjusted to reflect the 1-for-3 reverse stock split that occurred on January 3, 2017. See Note 1: "Organization and Basis of Presentation" for additional information.
[5] Adjusted to reflect the 1-for-3 reverse stock split that occurred on January 3, 2017. See Note 1: "Organization" for additional information.