Condensed Combined Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Property and equipment, net	$ 8,464	$ 8,541
Investments in affiliates	85	81
Goodwill	606	604
Intangibles, net	42	44
Cash and cash equivalents	357	337
Restricted cash	20	13
Accounts receivable, net of allowance for doubtful accounts of $3 and $2	158	130
Prepaid expenses	48	58
Other assets	23	26
TOTAL ASSETS (variable interest entities - $246 and $239)	9,803	9,834
Liabilities
Debt	3,015	3,012
Accounts payable and accrued expenses	178	167
Due to hotel manager	97	91
Due to Hilton Grand Vacations	206	210
Deferred income tax liabilities	74	2,437
Other liabilities	210	94
Total liabilities (variable interest entities - $216 and $262)	3,780	6,011
Commitments and contingencies - refer to Note 12
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 214,865,272 shares issued and 214,847,061 shares outstanding as of September 30, 2017	2
Additional paid-in capital	3,827
Retained earnings	2,286
Accumulated other comprehensive loss	(45)	(67)
Net Parent investment		3,939
Total stockholders' equity	6,070	3,872
Noncontrolling interests	(47)	(49)
Total equity	6,023	3,823
TOTAL LIABILITIES AND EQUITY	$ 9,803	$ 9,834