Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Hotel Adjusted EBITDA to Net Income

The following table presents revenues for our consolidated hotels reconciled to our condensed combined consolidated amounts and Hotel Adjusted EBITDA to net income: 

	Three Months Ended March 31,
	2017			2016(1)
	(in millions)
Revenues:
Total consolidated hotel revenue	$	681		$	658
Other revenue		3			3
Total revenues	$	684		$	661
Hotel Adjusted EBITDA	$	179		$	182
Other revenue		3			3
Impairment loss		—			(15	)
Depreciation and amortization expense		(70	)		(73	)
Corporate and other expense		(18	)		(16	)
Interest expense		(30	)		(46	)
Equity in earnings from investments in affiliates		4			3
Gain on foreign currency transactions		1			—
Income tax benefit (expense)		2,281			(14	)
Other adjustment items		—			(1	)
Net income	$	2,350		$	23

⁽¹⁾ Prior to the spin-off, we had one operating and reportable segment, our ownership segment. Prior period presentation has been restated to reflect our current reportable segment.

Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Combined Consolidated Amounts

The following table presents total assets for our consolidated hotels, reconciled to condensed combined consolidated amounts:

	March 31, 2017		December 31, 2016
	(in millions)
Consolidated hotels	$	9,751	$	9,747
All other		89		87
	$	9,840	$	9,834