Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Property and equipment, net	$ 8,051	$ 8,311	[1]
Assets held for sale, net		37
Investments in affiliates	87	84
Goodwill	607	606
Intangibles, net	28	41
Cash and cash equivalents	172	364
Restricted cash	108	15
Accounts receivable, net of allowance for doubtful accounts of $1 and $1	138	125
Prepaid expenses	54	48
Other assets	91	83
TOTAL ASSETS (variable interest entities - $239 and $240)	9,336	9,714
Liabilities
Debt	2,946	2,961
Accounts payable and accrued expenses	172	215
Due to hotel manager	108	141
Due to Hilton Grand Vacations	138	138
Deferred income tax liabilities	46	65
Other liabilities	211	232
Total liabilities (variable interest entities - $217 and $217)	3,621	3,752
Commitments and contingencies - refer to Note 12
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 201,168,293 shares issued and 201,095,915 shares outstanding as of March 31, 2018 and 214,873,778 shares issued and 214,845,244 shares outstanding as of December 31, 2017	2	2
Additional paid-in capital	3,578	3,825
Retained earnings	2,193	2,229
Accumulated other comprehensive loss	(8)	(45)
Total stockholders' equity	5,765	6,011
Noncontrolling interests	(50)	(49)
Total equity	5,715	5,962
TOTAL LIABILITIES AND EQUITY	$ 9,336	$ 9,714

[1] Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.