Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Property and equipment, net	$ 9,986	$ 7,975
Investments in affiliates	52	50
Goodwill	607	607
Intangibles, net	46	27
Cash and cash equivalents	321	410
Restricted cash	43	15
Accounts receivable, net of allowance for doubtful accounts of $1 and $1	193	153
Prepaid expenses	76	82
Other assets	29	44
Operating lease right-of-use assets	267
TOTAL ASSETS (variable interest entities - $248 and $242)	11,620	9,363
Liabilities
Debt	4,100	2,948
Accounts payable and accrued expenses	237	183
Due to hotel managers	128	137
Due to Hilton Grand Vacations	135	135
Deferred income tax liabilities	42	42
Other liabilities	241	332
Operating lease liabilities	284
Total liabilities (variable interest entities - $218 and $217)	5,167	3,777
Commitments and contingencies - refer to Note 13
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 239,590,752 shares issued and 239,388,083 shares outstanding as of September 30, 2019 and 201,290,458 shares issued and 201,198,381 shares outstanding as of December 31, 2018	2	2
Additional paid-in capital	4,572	3,589
Retained earnings	1,931	2,047
Accumulated other comprehensive loss	(8)	(6)
Total stockholders' equity	6,497	5,632
Noncontrolling interests	(44)	(46)
Total equity	6,453	5,586
TOTAL LIABILITIES AND EQUITY	$ 11,620	$ 9,363