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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2018
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:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Franchise and licensing fees
$
1,537

 
$
1,326

 
$
1,095

Base and other management fees(1)
385

 
379

 
284

Incentive management fees
235

 
222

 
142

Management and franchise
2,157

 
1,927

 
1,521

Ownership
1,484

 
1,432

 
1,434

Segment revenues
3,641

 
3,359

 
2,955

Amortization of contract acquisition costs
(27
)
 
(17
)
 
(16
)
Other revenues
98

 
105

 
82

Direct reimbursements from managed and franchised properties(2)
2,881

 
2,572

 
1,644

Indirect reimbursements from managed and franchised properties(2)
2,357

 
2,155

 
1,953

Intersegment fees elimination(1)
(44
)
 
(43
)
 
(42
)
Total revenues
$
8,906

 
$
8,131

 
$
6,576


____________
(1) 
Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our consolidated statements of operations.
(2) 
Included in other revenues from managed and franchised properties in our consolidated statements of operations.
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:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Management and franchise(1)
$
2,157

 
$
1,927

 
$
1,521

Ownership(1)
108

 
120

 
113

Segment operating income
2,265

 
2,047

 
1,634

Amortization of contract acquisition costs
(27
)
 
(17
)
 
(16
)
Other revenues, less other expenses
47

 
49

 
16

Net other expenses from managed and franchised properties
(85
)
 
(172
)
 
(12
)
Depreciation and amortization
(325
)
 
(336
)
 
(353
)
General and administrative
(443
)
 
(439
)
 
(409
)
Gain on sales of assets, net
—

 
—

 
8

Operating income
1,432

 
1,132

 
868

Interest expense
(371
)
 
(351
)
 
(334
)
Gain (loss) on foreign currency transactions
(11
)
 
3

 
(16
)
Loss on debt extinguishment
—

 
(60
)
 
—

Other non-operating income, net
28

 
29

 
22

Income from continuing operations before income taxes
$
1,078

 
$
753

 
$
540

____________
(1) 
Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our consolidated statements of operations.
Schedule of Assets by Segment
The following table presents total assets for our reportable segments, reconciled to consolidated amounts:
 
December 31,
 
2018
 
2017
 
(in millions)
Management and franchise
$
11,362

 
$
11,505

Ownership
927

 
964

Corporate and other
1,706

 
1,759

 
$
13,995

 
$
14,228
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:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Ownership
$
42

 
$
32

 
$
45

Corporate and other
30


26

 
17

 
$
72


$
58


$
62
Revenues by Country
Total revenues by country were as follows:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
U.S.
$
6,848

 
$
6,046

 
$
4,524

United Kingdom
545

 
544

 
942

All other
1,513

 
1,541

 
1,110

 
$
8,906

 
$
8,131

 
$
6,576
Property and Equipment, Net by Country
Property and equipment, net by country was as follows:
 
December 31,
 
2018
 
2017
 
(in millions)
U.S.
$
109

 
$
105

Japan
106

 
94

United Kingdom
75

 
82

Germany
40

 
36

All other
37

 
36

 
$
367

 
$
353