Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021		Dec. 31, 2020
ASSETS
Property and equipment, net	$ 8,820	[1]	$ 9,193
Assets held for sale	77		0
Investments in affiliates	13		14
Intangibles, net	44		45
Cash and cash equivalents	909		951
Restricted cash	35		30
Accounts receivable, net of allowance for doubtful accounts of $2 and $3	63		26
Prepaid expenses	35		39
Other assets	50		60
Operating lease right-of-use assets	220		229
TOTAL ASSETS (variable interest entities - $235 and $229)	10,266		10,587
Liabilities
Debt	5,100		5,121
Accounts payable and accrued expenses	178		147
Due to hotel managers	90		88
Deferred income tax liabilities	10		10
Other liabilities	107		134
Operating lease liabilities	236		244
Total liabilities (variable interest entities - $217 and $213)	5,721		5,744
Commitments and contingencies - refer to Note 13
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 236,891,740 shares issued and 236,493,847 shares outstanding as of June 30, 2021 and 236,217,344 shares issued and 235,915,749 shares outstanding as of December 31, 2020	2		2
Additional paid-in capital	4,525		4,519
Retained earnings	70		376
Accumulated other comprehensive loss	(3)		(4)
Total stockholders' equity	4,594		4,893
Noncontrolling interests	(49)		(50)
Total equity	4,545		4,843
TOTAL LIABILITIES AND EQUITY	$ 10,266		$ 10,587

[1] Excludes $77 million of property and equipment, net classified as held for sale as of June 30, 2021.