Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019		Dec. 31, 2018
ASSETS
Property and equipment, net	$ 9,594	[1]	$ 7,975
Assets held for sale, net	71
Investments in affiliates	35		50
Goodwill	607		607
Intangibles, net	46		27
Cash and cash equivalents	346		410
Restricted cash	40		15
Accounts receivable, net of allowance for doubtful accounts of $2 and $1	180		153
Prepaid expenses	83		82
Other assets	40		44
Operating lease right-of-use assets	248
TOTAL ASSETS (variable interest entities - $242 and $242)	11,290		9,363
Liabilities
Debt	3,871		2,948
Accounts payable and accrued expenses	217		183
Due to hotel managers	159		137
Due to Hilton Grand Vacations			135
Deferred income tax liabilities	50		42
Other liabilities	282		332
Operating lease liabilities	260
Total liabilities (variable interest entities - $219 and $217)	4,839		3,777
Commitments and contingencies - refer to Note 16
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 239,589,639 shares issued and 239,386,877 shares outstanding as of December 31, 2019 and 201,290,458 shares issued and 201,198,381 shares outstanding as of December 31, 2018	2		2
Additional paid-in capital	4,575		3,589
Retained earnings	1,922		2,047
Accumulated other comprehensive loss	(3)		(6)
Total stockholders' equity	6,496		5,632
Noncontrolling interests	(45)		(46)
Total equity	6,451		5,586
TOTAL LIABILITIES AND EQUITY	$ 11,290		$ 9,363

[1] Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.