Goodwill

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

Note 6: Goodwill

Hilton allocated goodwill to us as part of the acquisition of Hilton by Blackstone in 2007. We typically evaluate the carrying value of our goodwill annually. However, due to the effects of COVID-19, including (i) the significant decline in our common stock price, (ii) negative operating cash flows in the first quarter of 2020, (iii) the suspension of operations at certain of our hotels, and (iv) significant declines in occupancy and demand, we assessed goodwill during the interim period. We determined that the carrying value of our consolidated and unconsolidated hotel reporting units exceeded their respective estimated fair value and fully impaired our remaining goodwill balance, recognizing an impairment loss of $607 million. Refer to Note 8: “Fair Value Measurements” for additional information.

	Goodwill		Accumulated Impairment Losses			Balance
	(in millions)
Balance as of December 31, 2019	$	2,709	$	(2,102	)	$	607
Impairment loss		—		(607	)		(607	)
Balance as of March 31, 2020	$	2,709	$	(2,709	)	$	—