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Net Parent Investment
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Net Parent Investment

Note 14: Net Parent Investment

Net Parent investment on our historical consolidated statements of equity represents Hilton’s historical investment in us, the net effect of transactions with and allocations from Hilton and our accumulated earnings. Net transfers to Parent are included within Net Parent investment. There were no transfers to Parent during the years ended December 31, 2019 and 2018. The components of the net transfers to Parent on the consolidated statements of cash flows and consolidated statements of equity were:

 

 

 

 

Year Ended December 31,

 

 

 

 

2017

 

 

 

(in millions)

 

Cash pooling and general financing activities

 

 

$

(9

)

Corporate allocations

 

 

 

 

Income taxes

 

 

 

(4

)

Net transfers to Parent

 

 

$

(13

)