Condensed Combined Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016		Sep. 30, 2017	Sep. 30, 2016
Revenues
Rooms		$ 460	$ 460		$ 1,361	$ 1,361
Food and beverage		160	156		552	536
Other		68	55		192	160
Total revenues		688	671	[1]	2,105	2,057	[1]
Operating expenses
Rooms		121	120		353	352
Food and beverage		120	117		383	375
Other departmental and support		180	165		538	500
Other property-level		50	43		144	135
Management and franchise fees		34	22		107	73
Impairment loss	[1]					15
Depreciation and amortization		74	73	[1]	217	220	[1]
Corporate and other		20	21	[1]	57	56	[1]
Total expenses		599	561		1,799	1,726
Gain on sale of assets, net						1
Operating income		89	110		306	332
Interest income		1			2	1	[1]
Interest expense		(32)	(49)	[1]	(93)	(141)	[1]
Equity in earnings from investments in affiliates		6	6	[1]	18	16	[1]
(Loss) gain on foreign currency transactions		(1)	1	[1]	(4)
Other loss, net		(2)	(5)		(3)	(7)
Income before income taxes		61	63		226	201
Income tax benefit (expense)		44	(26)	[1]	2,344	(79)	[1]
Net income		105	37	[1]	2,570	122	[1]
Net income attributable to noncontrolling interests		(2)	(3)		(5)	(6)
Net income attributable to stockholders	[2]	103	34	[3]	2,565	116	[3]
Other comprehensive income, net of tax benefit (expense):
Currency translation adjustment, net of tax of $0, $(2), $0, and $(5)		8			22	9
Total other comprehensive income		8			22	9
Comprehensive income		113	37		2,592	131
Comprehensive income attributable to noncontrolling interests		(2)	(3)		(5)	(6)
Comprehensive income attributable to stockholders		$ 111	$ 34		$ 2,587	$ 125
Earnings per share:
Earnings per share - Basic	[4]	$ 0.48	$ 0.17	[3]	$ 12.16	$ 0.59	[3]
Earnings per share - Diluted	[4]	$ 0.48	$ 0.17	[3]	$ 11.94	$ 0.59	[3]
Weighted average shares outstanding - Basic		214	198	[3]	210	198	[3]
Weighted average shares outstanding - Diluted		215	198	[3]	214	198	[3]
Dividends declared per common share		$ 0.43			$ 1.29

[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.

[2] Includes the derecognition of deferred tax liabilities for the three and nine months ended September 30, 2017 of $48 million and $2,360 million, respectively, associated with Park’s intention to be taxed as a REIT.

[3] For 2016, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off.

[4] Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the nine months.