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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 672 $ 652 $ 2,034 $ 2,051
Operating expenses        
Other property-level 54 54 152 157
Management fees 32 32 101 103
Casualty loss (gain) and impairment loss, net 8 (1) 8 (1)
Depreciation and amortization 61 69 184 208
Corporate general and administrative 14 16 47 47
Acquisition costs 59   65  
Other 23 19 61 54
Total expenses 635 570 1,776 1,742
Gain on sales of assets, net 1 2 20 98
Operating income 38 84 278 407
Interest income 2 2 5 4
Interest expense (33) (32) (98) (94)
Equity in earnings from investments in affiliates 3 4 18 16
Loss on foreign currency transactions (2) (1) (2) (4)
Other gain (loss), net 1 (2) 1 106
Income before income taxes 9 55 202 435
Income tax expense     (12) (13)
Net income 9 55 190 422
Net income attributable to noncontrolling interests (4) (3) (7) (4)
Net income attributable to stockholders 5 52 183 418
Other comprehensive (loss) income, net of tax expense:        
Currency translation adjustment, net of tax expense of $0, $1, $0, $2 (3) (1) (2) 36
Total other comprehensive (loss) income (3) (1) (2) 36
Comprehensive income 6 54 188 458
Comprehensive income attributable to noncontrolling interests (4) (3) (7) (4)
Comprehensive income attributable to stockholders $ 2 $ 51 $ 181 $ 454
Earnings per share:        
Earnings per share - Basic [1] $ 0.02 $ 0.26 $ 0.90 $ 2.04
Earnings per share - Diluted [1] $ 0.02 $ 0.26 $ 0.90 $ 2.04
Weighted average shares outstanding - Basic 206 200 203 204
Weighted average shares outstanding - Diluted 207 201 204 205
Rooms [Member]        
Revenues        
Total revenues $ 431 $ 429 $ 1,271 $ 1,298
Operating expenses        
Expenses 114 113 334 337
Food and Beverage [Member]        
Revenues        
Total revenues 156 144 534 532
Operating expenses        
Expenses 117 111 371 368
Ancillary Hotel [Member]        
Revenues        
Total revenues 63 60 170 168
Other [Member]        
Revenues        
Total revenues 22 19 59 53
Other Departmental and Support [Member]        
Operating expenses        
Expenses $ 153 $ 157 $ 453 $ 469
[1] Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.