Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022		Dec. 31, 2021
ASSETS
Property and equipment, net	$ 8,326	[1]	$ 8,511
Assets held for sale, net	7		0
Investments in affiliates	4		15
Intangibles, net	43		44
Cash and cash equivalents	758		688
Restricted cash	109		75
Accounts receivable, net of allowance for doubtful accounts of $X and $2	149		96
Prepaid expenses	39		35
Other assets	38		69
Operating lease right-of-use assets	228		210
TOTAL ASSETS (variable interest entities - $237 and $237)	9,701		9,743
Liabilities
Debt	4,671		4,672
Accounts payable and accrued expenses	211		156
Due to hotel managers	124		111
Other liabilities	167		174
Operating lease liabilities	247		227
Total liabilities (variable interest entities - $X and $219)	5,420		5,340
Commitments and contingencies - refer to Note 12
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 225,352,740 shares issued and 224,840,982 shares outstanding as of June 30, 2022 and 236,888,804 shares issued and 236,483,990 shares outstanding as of December 31, 2021	2		2
Additional paid-in capital	4,321		4,533
Retained earnings (accumulated deficit)	6		(83)
Total stockholders' equity	4,329		4,452
Noncontrolling interests	(48)		(49)
Total equity	4,281		4,403
TOTAL LIABILITIES AND EQUITY	$ 9,701		$ 9,743

[1] Excludes $7 million of property and equipment, net, classified as held for sale as of June 30, 2022.