Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Property and equipment, net	$ 8,511	$ 9,193
Investments in affiliates	15	14
Intangibles, net	44	45
Cash and cash equivalents	688	951
Restricted cash	75	30
Accounts receivable, net of allowance for doubtful accounts of $2 and $3	96	26
Prepaid expenses	35	39
Other assets	69	60
Operating lease right-of-use assets	210	229
TOTAL ASSETS (variable interest entities - $237 and $229)	9,743	10,587
Liabilities
Debt	4,672	5,121
Accounts payable and accrued expenses	156	147
Due to hotel managers	111	88
Deferred income tax liabilities	9	10
Other liabilities	165	134
Operating lease liabilities	227	244
Total liabilities (variable interest entities - $219 and $213)	5,340	5,744
Commitments and contingencies - refer to Note 15
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 236,888,804 shares issued and 236,483,990 shares outstanding as of December 31, 2021 and 236,217,344 shares issued and 235,915,749 shares outstanding as of December 31, 2020	2	2
Additional paid-in capital	4,533	4,519
(Accumulated deficit) retained earnings	(83)	376
Accumulated other comprehensive loss	0	(4)
Total stockholders' equity	4,452	4,893
Noncontrolling interests	(49)	(50)
Total equity	4,403	4,843
TOTAL LIABILITIES AND EQUITY	$ 9,743	$ 10,587