XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 1,362 $ 852 $ 2,844
Operating expenses      
Other property-level 191 258 219
Management fees 59 30 139
Impairment loss and casualty (gain) loss, net 9 696 (18)
Depreciation and amortization 281 298 264
Corporate general and administrative 62 63 62
Acquisition costs 0 10 70
Other 49 36 78
Total expenses 1,536 2,116 2,437
(Loss) gain on sales of assets, net (5) 62 19
Operating (loss) income (179) (1,202) 426
Interest income 1 2 6
Interest expense (258) (213) (140)
Equity in (losses) earnings from investments in affiliates (7) (22) 14
Other (loss) gain, net (7) (15) 45
(Loss) Income before income taxes (450) (1,450) 351
Income tax (expense) benefit (2) 6 (35)
Net (loss) income (452) (1,444) 316
Net (income) loss attributable to noncontrolling interests (7) 4 (10)
Net (loss) income attributable to stockholders (459) (1,440) 306
Other comprehensive income (loss) net of tax expense:      
Currency translation adjustment, net of tax expense of $0, $0 and $4 0 4 3
Change in fair value of interest rate swap, net of tax expense of $0 2 (5)  
Loss from interest rate swap reclassified into earnings 2    
Total other comprehensive income (loss) 4 (1) 3
Comprehensive (loss) income (448) (1,445) 319
Comprehensive (loss) income attributable to noncontrolling interests (7) 4 (10)
Comprehensive (loss) income attributable to stockholders $ (455) $ (1,441) $ 309
(Loss) Earnings per share:      
(Loss) Earnings per share - Basic [1] $ (1.95) $ (6.11) $ 1.44
(Loss) Earnings per share - Diluted [1] $ (1.95) $ (6.11) $ 1.44
Weighted average shares outstanding - Basic 236 236 212
Weighted average shares outstanding - Diluted 236 236 213
Rooms [Member]      
Revenues      
Revenues $ 870 $ 526 $ 1,764
Operating expenses      
Expenses 254 193 467
Food and Beverage [Member]      
Revenues      
Revenues 251 189 743
Operating expenses      
Expenses 208 173 518
Ancillary Hotel [Member]      
Revenues      
Revenues 190 108 260
Other [Member]      
Revenues      
Revenues 51 29 77
Other Departmental and Support [Member]      
Operating expenses      
Expenses $ 423 $ 359 $ 638
[1] Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.