Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Property and equipment, net	$ 7,974	$ 8,311	[1]
Assets held for sale, net		37
Investments in affiliates	53	84
Goodwill	607	606
Intangibles, net	26	41
Cash and cash equivalents	399	364
Restricted cash	16	15
Accounts receivable, net of allowance for doubtful accounts of $1 and $1	176	125
Prepaid expenses	62	48
Other assets	42	83
TOTAL ASSETS (variable interest entities - $246 and $240)	9,355	9,714
Liabilities
Debt	2,948	2,961
Accounts payable and accrued expenses	198	215
Due to hotel manager	116	141
Due to Hilton Grand Vacations	135	138
Deferred income tax liabilities	32	65
Other liabilities	198	232
Total liabilities (variable interest entities - $216 and $217)	3,627	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, 201,260,724 shares issued and 201,168,698 shares outstanding as of September 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	3,585	3,825
Retained earnings	2,196	2,229
Accumulated other comprehensive loss	(9)	(45)
Total stockholders' equity	5,774	6,011
Noncontrolling interests	(46)	(49)
Total equity	5,728	5,962
TOTAL LIABILITIES AND EQUITY	$ 9,355	$ 9,714

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