Business Segments (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2017

Dec. 31, 2016

Segment Reporting [Abstract]

Reconciliation of Revenue from Segment Amounts to Consolidated Amounts

The following table presents revenues for our reportable segments, reconciled to consolidated amounts:

	Three Months Ended March 31,
	2017			2016
	(in millions)
Management and franchise(1)	$	436		$	357
Ownership		300			319
Segment revenues		736			676
Other revenues		37			17
Other revenues from managed and franchised properties		1,395			1,041
Intersegment fees elimination(1)		(7	)		(8	)
Total revenues	$	2,161		$	1,726

⁽¹⁾  Includes management, royalty and intellectual property fees charged to our ownership segment, which were eliminated in our condensed consolidated financial statements.

The following table presents revenues for our reportable segments, reconciled to consolidated amounts:

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Management and franchise(1)	$	1,580		$	1,496		$	1,302
Ownership		1,452			1,596			1,776
Segment revenues		3,032			3,092			3,078
Other revenues		82			71			80
Other revenues from managed and franchised properties		4,310			4,011			3,567
Intersegment fees elimination(1)		(42	)		(41	)		(37	)
Total revenues	$	7,382		$	7,133		$	6,688

⁽¹⁾  Includes management, royalty and intellectual property fees charged to our ownership segment by our management and franchise segment, which were eliminated in our consolidated financial statements.

Reconciliation of Segment Operating Income to Income from Continuing Operations before Income Taxes

The following table presents operating income for our reportable segments, reconciled to consolidated income from continuing operations before income taxes:

	Three Months Ended March 31,
	2017			2016
	(in millions)
Management and franchise(1)	$	436		$	357
Ownership(1)		21			4
Segment operating income		457			361
Other revenues, less other expenses		14			(1	)
Depreciation and amortization		(89	)		(92	)
Impairment loss		—			(15	)
General and administrative		(105	)		(83	)
Operating income		277			170
Interest expense		(104	)		(90	)
Loss on foreign currency transactions		(4	)		(12	)
Loss on debt extinguishment		(60	)		—
Other non-operating income, net		1			2
Income from continuing operations before income taxes	$	110		$	70

⁽¹⁾  Includes management, royalty and intellectual property fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated financial statements.

The following table presents operating income for our reportable segments, reconciled to consolidated income from continuing operations before income taxes:

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Management and franchise(1)	$	1,580		$	1,496		$	1,302
Ownership(1)		115			141			153
Segment operating income		1,695			1,637			1,455
Other revenues, less other expenses		31			31			22
Depreciation and amortization		(364	)		(385	)		(363	)
Impairment loss		(15	)		(9	)		—
General and administrative		(403	)		(537	)		(411	)
Gain on sales of assets, net		8			163			—
Operating income		952			900			703
Interest expense		(394	)		(377	)		(416	)
Gain (loss) on foreign currency transactions		(16	)		(41	)		26
Other non-operating income, net		14			51			20
Income from continuing operations before income taxes	$	556		$	533		$	333

⁽¹⁾  Includes management, royalty and intellectual property fees charged to our ownership segment by our management and franchise segment, which were eliminated in our consolidated financial statements.

Schedule of Assets by Segment

The following table presents total assets for our reportable segments, reconciled to consolidated assets of continuing operations:

	March 31,		December 31,
	2017		2016
	(in millions)
Management and franchise	$	10,806	$	10,825
Ownership		945		1,032
Corporate and other		2,536		2,529
	$	14,287	$	14,386

The following table presents total assets for our reportable segments, reconciled to consolidated amounts of continuing operations:

	December 31,
	2016		2015
	(in millions)
Management and franchise	$	10,825	$	11,078
Ownership		1,032		1,116
Corporate and other		2,529		1,960
	$	14,386	$	14,154

Schedule of Capital Expenditures by Segment

The following table presents capital expenditures for property and equipment for our reportable segments, reconciled to consolidated capital expenditures of continuing operations:

	Three Months Ended March 31,
	2017		2016
	(in millions)
Ownership	$	6	$	13
Corporate and other		3		3
	$	9	$	16

The following table presents capital expenditures for property and equipment for our reportable segments, reconciled to consolidated capital expenditures of continuing operations:

	Year Ended December 31,
	2016		2015		2014
	(in millions)
Ownership	$	45	$	52	$	76
Corporate and other		17		15		8
	$	62	$	67	$	84

Revenue from External Customers by Geographic Areas

Total revenues by country were as follows:

	Year Ended December 31,
	2016		2015		2014
	(in millions)
U.S.	$	5,315	$	4,935	$	4,355
United Kingdom		955		1,017		874
All other		1,112		1,181		1,459
	$	7,382	$	7,133	$	6,688

Property and Equipment, Net by Country

Property and equipment, net by country was as follows:

	December 31,
	2016		2015
	(in millions)
U.S.	$	92	$	141
Japan		87		76
United Kingdom		79		100
Germany		35		37
All other		48		57
	$	341	$	411