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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net income $ 2,631 $ 139 $ 299
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 288 300 287
Casualty and impairment loss, net 16 15  
Gain on sale of assets, net (1) (1) (143)
Equity in earnings from investments in affiliates (40) (3) (22)
Loss (gain) on foreign currency transactions 4 (3)  
Other loss, net   25 6
Share-based compensation expense 14    
Amortization of deferred financing costs 5 11 11
Distributions from unconsolidated affiliates 19 19 27
Deferred income taxes (2,378) (66) (7)
Changes in operating assets and liabilities:      
Accounts receivable, net 4 (9) (25)
Accounts payable and accrued expenses 20 (1) (16)
Due to hotel manager 50 (18) 15
Other 21 (9) 87
Net cash provided by operating activities 653 399 519
Investing Activities:      
Capital expenditures for property and equipment (185) (227) (226)
Acquisitions, net of cash and restricted cash acquired     (1,402)
Insurance proceeds for property damage claims 2    
Investments in affiliates (1)   (1)
Distributions from unconsolidated affiliates 19 3 15
Proceeds from asset dispositions     1,866
Net cash (used in) provided by investing activities (165) (224) 252
Financing Activities:      
Borrowings   2,915 271
Repayment of debt (55) (3,680) (883)
Debt issuance costs   (21)  
Dividends paid (386) (180) (81)
Distributions to noncontrolling interests (6) (32) (7)
Tax withholdings on share-based compensation (3)    
Contribution from Parent   987  
Net transfers (to) from Parent (9) 40 3
Net cash (used in) provided by financing activities (459) 29 (697)
Effect of exchange rate changes on cash and cash equivalents and restricted cash   2 (4)
Net increase in cash and cash equivalents and restricted cash 29 206 70
Cash and cash equivalents and restricted cash, beginning of period 350 144 74
Cash and cash equivalents and restricted cash, end of period $ 379 $ 350 $ 144