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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues          
Franchise fees $ 294 $ 253 $ 1,154 $ 1,087 $ 905
Base and other management fees 83 60 242 230 227
Incentive management fees 52 36 142 138 133
Owned and leased hotels 300 319 1,452 1,596 1,776
Other revenues 37 17 82 71 80
Total revenues excluding reimbursement revenue 766 685 3,072 3,122 3,121
Other revenues from managed and franchised properties 1,395 1,041 4,310 4,011 3,567
Total revenues 2,161 1,726 7,382 7,133 6,688
Expenses          
Owned and leased hotels 272 307 1,295 1,414 1,586
Depreciation and amortization 89 92 364 385 363
Impairment loss 0 15 15 9 0
General and administrative 105 83 403 537 411
Other expenses 23 18 51 40 58
Total expenses excluding cost of reimbursable expense 489 515 2,128 2,385 2,418
Other expenses from managed and franchised properties 1,395 1,041 4,310 4,011 3,567
Total expenses 1,884 1,556 6,438 6,396 5,985
Gain on sales of assets, net     8 163 0
Operating income 277 170 952 900 703
Interest expense (104) (90) (394) (377) (416)
Gain (loss) on foreign currency transactions (4) (12) (16) (41) 26
Loss on debt extinguishment (60) 0      
Other non-operating income, net 1 2 14 51 20
Income from continuing operations before income taxes 110 70 556 533 333
Income tax benefit (expense) (35) 121 (564) 348 (154)
Income (loss) from continuing operations, net of taxes 75 191 (8) 881 179
Income from discontinued operations, net of taxes 0 119 372 535 503
Net income 75 310 364 1,416 682
Net income attributable to noncontrolling interests (1) (1) (16) (12) (9)
Net income attributable to Hilton stockholders $ 74 $ 309 $ 348 $ 1,404 $ 673
Earnings (loss) per share, basic:          
Net income (loss) from continuing operations per share $ 0.22 $ 0.58 [1],[2] $ (0.05) [1],[3] $ 2.67 [3] $ 0.53 [3]
Net income from discontinued operations per share 0.00 0.36 [1],[2] 1.11 [1],[3] 1.60 [3] 1.52 [3]
Net income per share, basic 0.22 0.94 [2] 1.06 [3] 4.27 [3] 2.05 [3]
Earnings (loss) per share, diluted:          
Net income (loss) from continuing operations per share 0.22 0.58 [1],[2] (0.05) [1],[3] 2.66 [1],[3] 0.53 [3]
Net income from discontinued operations per share 0.00 0.36 [2] 1.11 [3] 1.60 [3] 1.52 [3]
Net income per share, diluted 0.22 0.94 [1],[2] 1.06 [1],[3] 4.26 [1],[3] 2.05 [3]
Cash dividends declared per share $ 0.15 $ 0.21 [2] $ 0.84 [3] $ 0.42 [3] $ 0.00 [3]
[1] The sum of the earnings per share for the four quarters differs from annual earnings per share due to the required method of computing the weighted average shares outstanding in interim periods.
[2] Weighted average shares outstanding used in the computation of basic and diluted earnings per share and cash dividends declared per share were 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.
[3] Weighted average shares outstanding used in the computation of basic and diluted earnings per share and cash dividends declared per share were adjusted to reflect the 1-for-3 reverse stock split that occurred on January 3, 2017.