Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Our tax provision includes federal, state and foreign income taxes payable. The domestic and foreign components of income before income taxes were as follows:

	Year Ended December 31,
	2016			2015		2014
	(in millions)
U.S. income before tax	$	934		$	262	$	181
Foreign income (loss) before tax		(378	)		271		152
Income before income taxes	$	556		$	533	$	333

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision (benefit) for income taxes were as follows:

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Current:
Federal	$	441		$	164		$	118
State		143			51			41
Foreign		70			64			86
Total current		654			279			245
Deferred:
Federal		(116	)		(606	)		(74	)
State		50			(86	)		(17	)
Foreign		(24	)		65			—
Total deferred		(90	)		(627	)		(91	)
Total provision (benefit) for income taxes	$	564		$	(348	)	$	154

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of our tax provision at the U.S. statutory rate to the provision (benefit) for income taxes were as follows:

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Statutory U.S. federal income tax provision	$	194		$	187		$	116
State income taxes, net of U.S. federal tax benefit		23			17			7
Foreign income tax expense		119			108			52
U.S. benefit of foreign taxes		(71	)		(106	)		(46	)
Foreign losses not subject to U.S. tax		—			—			(7	)
Nontaxable liquidation of subsidiaries		—			(628	)		—
Corporate restructuring		482			—			—
Change in deferred tax asset valuation allowance		(65	)		14			8
Change in basis difference in foreign subsidiaries		27			11			13
Provision (benefit) for uncertain tax positions		(139	)		18			5
Non-deductible share-based compensation		—			23			11
Non-deductible goodwill		—			13			—
Other, net		(6	)		(5	)		(5	)
Provision (benefit) for income taxes	$	564		$	(348	)	$	154

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax asset (liability) were as follows:

	December 31,
	2016			2015
	(in millions)
Deferred Tax Assets:
Net operating loss carryforwards	$	394		$	440
Compensation		214			243
Other reserves		15			39
Capital lease obligations		84			90
Insurance reserves		36			50
Program surplus		84			79
Property and equipment		26			172
Investments		12			72
Other		66			84
Total gross deferred tax assets		931			1,269
Less: valuation allowance		(507	)		(484	)
Deferred tax assets		424			785
Deferred Tax Liabilities:
Brands		(1,626	)		(1,867	)
Amortizable intangible assets		(305	)		(488	)
Investment in foreign subsidiaries		(39	)		(35	)
Deferred income		(150	)		(211	)
Deferred tax liabilities		(2,120	)		(2,601	)
Net deferred taxes	$	(1,696	)	$	(1,816	)

Summary of Unrecognized Tax Benefits

. Reconciliations of the beginning and ending amount of unrecognized tax benefits were as follows:

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Balance at beginning of year	$	315		$	296		$	323
Additions for tax positions related to the prior year		77			25			32
Additions for tax positions related to the current year		9			8			10
Reductions for tax positions for prior years		(204	)		(4	)		(63	)
Settlements		(21	)		(4	)		(1	)
Lapse of statute of limitations		(2	)		(2	)		(2	)
Currency translation adjustment		—			(4	)		(3	)
Balance at end of year	$	174		$	315		$	296