Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Property and equipment, net	$ 7,999	$ 8,311	[1]
Assets held for sale, net		37
Investments in affiliates	56	84
Goodwill	607	606
Intangibles, net	27	41
Cash and cash equivalents	421	364
Restricted cash	17	15
Accounts receivable, net of allowance for doubtful accounts of $1 and $1	180	125
Prepaid expenses	46	48
Other assets	98	83
TOTAL ASSETS (variable interest entities - $241 and $240)	9,451	9,714
Liabilities
Debt	2,947	2,961
Accounts payable and accrued expenses	181	215
Due to hotel manager	107	141
Due to Hilton Grand Vacations	138	138
Deferred income tax liabilities	36	65
Other liabilities	285	232
Total liabilities (variable interest entities - $216 and $217)	3,694	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, 201,253,015 shares issued and 201,178,717 shares outstanding as of June 30, 2018 and 214,873,778 shares issued and 214,845,244 shares outstanding as of December 31, 2017	2	2
Additional paid-in capital	3,581	3,825
Retained earnings	2,231	2,229
Accumulated other comprehensive loss	(8)	(45)
Total stockholders' equity	5,806	6,011
Noncontrolling interests	(49)	(49)
Total equity	5,757	5,962
TOTAL LIABILITIES AND EQUITY	$ 9,451	$ 9,714

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