XML 131 R26.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Loss
6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Equity [Abstract]    
Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss

The following tables present the changes in the components of stockholders' equity (deficit) for the three and six months ended June 30, 2019 and 2018:
 
Three Months Ended June 30, 2019
 
Equity (Deficit) Attributable to Hilton Stockholders
 
 
 
 
 
 
 
 
 
Treasury Stock
 
Additional
Paid-in
Capital
 
Accumulated Deficit
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
Common Stock
 
 
 
 
 
Noncontrolling
Interests
 
 
 
Shares
 
Amount
 
 
 
 
 
 
Total
 
(in millions)
Balance as of March 31, 2019
292

 
$
3

 
$
(2,921
)
 
$
10,374

 
$
(6,558
)
 
$
(798
)
 
$
8

 
$
108

Net income

 

 

 

 
260

 

 
1

 
261

Other comprehensive loss

 

 

 

 

 
(8
)
 

 
(8
)
Dividends

 

 

 

 
(44
)
 

 

 
(44
)
Repurchases of common stock
(4
)
 

 
(383
)
 

 

 

 

 
(383
)
Share-based compensation

 

 

 
45

 

 

 

 
45

Deconsolidation of a VIE

 

 

 

 

 

 
(2
)
 
(2
)
Balance as of June 30, 2019
288

 
$
3

 
$
(3,304
)
 
$
10,419

 
$
(6,342
)
 
$
(806
)
 
$
7

 
$
(23
)

 
Three Months Ended June 30, 2018
 
Equity (Deficit) Attributable to Hilton Stockholders
 
 
 
 
 
 
 
 
 
Treasury Stock
 
Additional
Paid-in
Capital
 
Accumulated Deficit
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
Common Stock
 
 
 
 
 
Noncontrolling
Interests
 
 
 
Shares
 
Amount
 
 
 
 
 
 
Total
 
(in millions)
Balance as of March 31, 2018
317

 
$
3

 
$
(1,001
)
 
$
10,288

 
$
(6,868
)
 
$
(680
)
 
$
5

 
$
1,747

Net income

 

 

 

 
217

 

 

 
217

Other comprehensive loss

 

 

 

 

 
(62
)
 

 
(62
)
Dividends

 

 

 

 
(46
)
 

 

 
(46
)
Repurchases of common stock
(19
)
 

 
(1,329
)
 

 

 

 

 
(1,329
)
Share-based compensation

 

 

 
33

 

 

 

 
33

Balance as of June 30, 2018
298

 
$
3

 
$
(2,330
)
 
$
10,321

 
$
(6,697
)
 
$
(742
)
 
$
5

 
$
560


 
Six Months Ended June 30, 2019
 
Equity (Deficit) Attributable to Hilton Stockholders
 
 
 
 
 
 
 
 
 
Treasury Stock
 
Additional
Paid-in
Capital
 
Accumulated Deficit
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
Common Stock
 
 
 
 
 
Noncontrolling
Interests
 
 
 
Shares
 
Amount
 
 
 
 
 
 
Total
 
(in millions)
Balance as of December 31, 2018
295

 
$
3

 
$
(2,625
)
 
$
10,372

 
$
(6,417
)
 
$
(782
)
 
$
7

 
$
558

Net income

 

 

 

 
418

 

 
2

 
420

Other comprehensive loss

 

 

 

 

 
(24
)
 

 
(24
)
Dividends

 

 

 

 
(87
)
 

 

 
(87
)
Repurchases of common stock
(8
)
 

 
(679
)
 

 

 

 

 
(679
)
Share-based compensation
1

 

 

 
47

 

 

 

 
47

Cumulative effect of the adoption of ASU 2016-02

 

 

 

 
(256
)
 

 

 
(256
)
Deconsolidation of a VIE

 

 

 

 

 

 
(2
)
 
(2
)
Balance as of June 30, 2019
288

 
$
3

 
$
(3,304
)
 
$
10,419

 
$
(6,342
)
 
$
(806
)
 
$
7

 
$
(23
)

 
Six Months Ended June 30, 2018
 
Equity (Deficit) Attributable to Hilton Stockholders
 
 
 
 
 
 
 
 
 
Treasury Stock
 
Additional
Paid-in
Capital
 
Accumulated Deficit
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
Common Stock
 
 
 
 
 
Noncontrolling
Interests
 
 
 
Shares
 
Amount
 
 
 
 
 
 
Total
 
(in millions)
Balance as of December 31, 2017
317

 
$
3

 
$
(891
)
 
$
10,298

 
$
(6,981
)
 
$
(741
)
 
$
3

 
$
1,691

Net income

 

 

 

 
378

 

 
2

 
380

Other comprehensive loss

 

 

 

 

 
(1
)
 

 
(1
)
Dividends

 

 

 

 
(94
)
 

 

 
(94
)
Repurchases of common stock
(20
)
 

 
(1,439
)
 

 

 

 

 
(1,439
)
Share-based compensation
1

 

 

 
23

 

 

 

 
23

Balance as of June 30, 2018
298

 
$
3

 
$
(2,330
)
 
$
10,321

 
$
(6,697
)
 
$
(742
)
 
$
5

 
$
560



The changes in the components of accumulated other comprehensive loss, net of taxes, were as follows:
 
Currency Translation Adjustment(1)
 
Pension Liability Adjustment
 
Cash Flow Hedge Adjustment
 
Total
 
(in millions)
Balance as of December 31, 2018
$
(545
)
 
$
(260
)
 
$
23

 
$
(782
)
Other comprehensive income (loss) before reclassifications
11

 

 
(35
)
 
(24
)
Amounts reclassified from accumulated other comprehensive loss
1

 
4

 
(5
)
 

Net current period other comprehensive income (loss)
12

 
4

 
(40
)
 
(24
)
Balance as of June 30, 2019
$
(533
)
 
$
(256
)
 
$
(17
)
 
$
(806
)
 
Currency Translation Adjustment(1)
 
Pension Liability Adjustment
 
Cash Flow Hedge Adjustment
 
Total
 
(in millions)
Balance as of December 31, 2017
$
(513
)
 
$
(229
)
 
$
1

 
$
(741
)
Other comprehensive income (loss) before reclassifications
(45
)
 

 
36

 
(9
)
Amounts reclassified from accumulated other comprehensive loss

 
3

 
5

 
8

Net current period other comprehensive income (loss)
(45
)
 
3

 
41

 
(1
)
Balance as of June 30, 2018
$
(558
)
 
$
(226
)
 
$
42

 
$
(742
)
____________
(1) 
Includes net investment hedges and intra-entity foreign currency transactions that are of a long-term investment nature.

The following table presents additional information about reclassifications out of accumulated other comprehensive loss; amounts in parentheses indicate a loss in our condensed consolidated statements of operations:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2019
 
(in millions)
Currency translation adjustment:
 
 
 
Liquidation of investment in a foreign entity(1)
$
(1
)
 
$
(1
)
Total currency translation adjustment reclassifications for the period, net of taxes
(1
)
 
(1
)
 
 
 
 
Pension liability adjustment:
 
 
 
Amortization of prior service cost(3)
(1
)
 
(2
)
Amortization of net loss(3)
(1
)
 
(3
)
Tax benefit(2)

 
1

Total pension liability adjustment reclassifications for the period, net of taxes
(2
)
 
(4
)
 
 
 
 
Cash flow hedge adjustment:
 
 
 
Dedesignated interest rate swaps(4)
3

 
6

Tax expense(2)

 
(1
)
Total cash flow hedge adjustment reclassifications for the period, net of taxes
3

 
5

Total reclassifications for the period, net of taxes
$

 
$

____________
(1) 
Includes a gain on the related net investment hedge. Reclassified to loss on foreign currency transactions in our condensed consolidated statements of operations. The related tax benefit reclassified to income tax expense in our condensed consolidated statements of operations was less than $1 million.
(2) 
Reclassified to income tax expense in our condensed consolidated statements of operations.
(3) 
Reclassified to other non-operating income (loss), net in our condensed consolidated statements of operations.
(4) 
Reclassified to interest expense in our condensed consolidated statements of operations.

As of June 30, 2019, approximately $1.4 billion remained available for share repurchases under our $3.5 billion stock repurchase program.
 
Comprehensive Income (Loss) Note [Text Block]   Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of taxes, were as follows:
 
Currency Translation Adjustment(1)
 
Pension Liability Adjustment
 
Cash Flow Hedge Adjustment
 
Total
 
(in millions)
Balance as of December 31, 2015
$
(580
)
 
$
(194
)
 
$
(10
)
 
$
(784
)
Other comprehensive loss before reclassifications
(157
)
 
(63
)
 
(9
)
 
(229
)
Amounts reclassified from accumulated other comprehensive loss
(1
)
 
6

 
7

 
12

Net current period other comprehensive loss
(158
)
 
(57
)
 
(2
)
 
(217
)
Balance as of December 31, 2016
(738
)
 
(251
)
 
(12
)
 
(1,001
)
Other comprehensive income (loss) before reclassifications
161

 
15

 
(4
)
 
172

Amounts reclassified from accumulated other comprehensive loss
1

 
7

 
17

 
25

Net current period other comprehensive income
162

 
22

 
13

 
197

Spin-offs of Park and HGV
63

 

 

 
63

Balance as of December 31, 2017
(513
)
 
(229
)
 
1

 
(741
)
Other comprehensive income (loss) before reclassifications
(70
)
 
(18
)
 
17

 
(71
)
Amounts reclassified from accumulated other comprehensive loss

 
9

 
5

 
14

Net current period other comprehensive income (loss)
(70
)
 
(9
)
 
22

 
(57
)
Cumulative effect of the adoption of ASU 2018-02

38

 
(22
)
 

 
16

Balance as of December 31, 2018
$
(545
)
 
$
(260
)
 
$
23

 
$
(782
)
____________
(1) 
Includes net investment hedges and intra-entity foreign currency transactions that are of a long-term investment nature.

The following table presents additional information about reclassifications out of accumulated other comprehensive loss (amounts in parentheses indicate a loss in our consolidated statements of operations):
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Currency translation adjustment:
 
 
 
 
 
Sale or liquidation of investment in foreign entity(1)
$

 
$
(2
)
 
$

Gains on net investment hedges(1)

 
1

 
1

Total currency translation adjustment reclassifications for the period, net of taxes

 
(1
)
 
1

Pension liability adjustment:
 
 
 
 
 
Amortization of prior service cost(2)
(3
)
 
(3
)
 
(4
)
Amortization of net loss(2)
(8
)
 
(7
)
 
(5
)
Tax benefit(3)
2

 
3

 
3

Total pension liability adjustment reclassifications for the period, net of taxes
(9
)
 
(7
)
 
(6
)
Cash flow hedge adjustment:
 
 
 
 
 
Dedesignated interest rate swaps(4)
(6
)
 
(26
)
 
(12
)
Tax benefit(3)
1

 
9

 
5

Total cash flow hedge adjustment reclassifications for the period, net of taxes
(5
)
 
(17
)
 
(7
)
Total reclassifications for the period, net of taxes
$
(14
)
 
$
(25
)
 
$
(12
)
____________
(1) 
Reclassified out of accumulated other comprehensive loss to gain (loss) on foreign currency transactions in our consolidated statements of operations. The related tax benefits for the years ended December 31, 2017 and 2016 were less than $1 million and were reclassified out of accumulated other comprehensive loss to income tax benefit (expense) in our consolidated statements of operations.
(2) 
Reclassified out of accumulated other comprehensive loss to other non-operating income, net in our consolidated statements of operations. These amounts were included in the computation of net periodic pension cost (credit). See Note 15: "Employee Benefit Plans" for additional information.
(3) 
Reclassified out of accumulated other comprehensive loss to income tax benefit (expense) in our consolidated statements of operations.
(4) 
Reclassified out of accumulated other comprehensive loss to interest expense in our consolidated statements of operations. See Note 11: "Derivative Instruments and Hedging Activities" for additional information.