Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities:
Net income	$ 190	$ 422
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	184	208
Gain on sales of assets, net	(20)	(98)
Casualty loss (gain) and impairment loss, net	8	(1)
Equity in earnings from investments in affiliates	(18)	(16)
Loss on foreign currency transactions	2	4
Other gain, net	(1)	(106)
Share-based compensation expense	12	12
Amortization of deferred financing costs	3	3
Distributions from unconsolidated affiliates	16	12
Deferred income taxes		(3)
Changes in operating assets and liabilities	(27)	(142)
Net cash provided by operating activities	349	295
Investing Activities:
Acquisitions, net of cash and restricted cash acquired	(913)
Capital expenditures for property and equipment	(182)	(133)
Proceeds from asset dispositions, net	230	369
Proceeds from the sale of investments in affiliates, net		150
Insurance proceeds for property damage claims	10	87
Net cash (used in) provided by investing activities	(855)	473
Financing Activities:
Borrowings under credit facilities	850
Payments of deferred financing costs	(11)
Dividends paid	(382)	(379)
Distributions to noncontrolling interests	(5)	(1)
Tax withholdings on share-based compensation	(7)	(2)
Repurchase of common stock		(348)
Net cash provided by (used in) financing activities	445	(730)
Effect of exchange rate changes on cash and cash equivalents and restricted cash		(2)
Net (decrease) increase in cash and cash equivalents and restricted cash	(61)	36
Cash and cash equivalents and restricted cash, beginning of period	425	379
Cash and cash equivalents and restricted cash, end of period	364	415
Non-cash investing activities:
Transfer of property and equipment to Hilton Grand Vacations		3
Non-cash financing activities:
Issuance of common shares in connection with the acquisition of Chesapeake Lodging Trust	978
Assumption of mortgage loans in connection with acquisitions	311
Dividends declared but unpaid	$ 107	$ 86