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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Total revenues $ 2,844 $ 2,737 $ 2,791
Operating expenses      
Other property-level 219 207 206
Management fees 139 137 140
Casualty (gain) loss and impairment loss, net (18) (1) 26
Depreciation and amortization 264 277 288
Corporate general and administrative 62 65 68
Acquisition costs 70    
Other 78 73 63
Total expenses 2,437 2,329 2,421
Gain on sales of assets, net 19 96 1
Operating income 426 504 371
Interest income 6 6 2
Interest expense (140) (127) (124)
Equity in earnings from investments in affiliates 14 18 40
Loss on foreign currency transactions (1) (3) (4)
Other gain, net 46 102  
Income before income taxes 351 500 285
Income tax (expense) benefit (35) (23) 2,346
Net income 316 477 2,631
Net income attributable to noncontrolling interests (10) (5) (6)
Net income attributable to stockholders [1] 306 472 2,625
Other comprehensive income, net of tax expense:      
Currency translation adjustment, net of tax of $0, $4 and $0 3 39 22
Total other comprehensive income 3 39 22
Comprehensive income 319 516 2,653
Comprehensive income attributable to noncontrolling interests (10) (5) (6)
Comprehensive income attributable to stockholders $ 309 $ 511 $ 2,647
Earnings per share:      
Earnings per share - Basic [3] $ 1.44 [2] $ 2.32 [2] $ 12.38
Earnings per share - Diluted [3] $ 1.44 [2] $ 2.31 [2] $ 12.21
Weighted average shares outstanding - Basic 212 203 211
Weighted average shares outstanding - Diluted 213 204 214
Rooms [Member]      
Revenues      
Total revenues $ 1,771 $ 1,716 $ 1,794
Operating expenses      
Expenses 467 449 466
Food and Beverage [Member]      
Revenues      
Total revenues 743 713 739
Operating expenses      
Expenses 518 495 511
Ancillary Hotel [Member]      
Revenues      
Total revenues 253 236 194
Other [Member]      
Revenues      
Total revenues 77 72 64
Other Departmental and Support [Member]      
Operating expenses      
Expenses $ 638 $ 627 $ 653
[1] Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT.
[2] Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not necessarily equal the EPS for the full year.
[3] Per share amounts are calculated based on unrounded numbers.