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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:      
Net (loss) income $ 9 $ (1,226) $ 190
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 61 225 184
Gain on sales of assets, net (1) (62) (20)
Impairment and casualty loss, net 8 696 8
Equity in losses (earnings) from investments in affiliates (3) 16 (18)
Other loss, net   6 1
Share-based compensation expense   10 12
Amortization of deferred financing costs   6 3
Distributions from unconsolidated affiliates   5 16
Deferred income taxes   2  
Changes in operating assets and liabilities   48 (27)
Net cash (used in) provided by operating activities   (274) 349
Investing Activities:      
Acquisitions, net of cash and restricted cash acquired     (913)
Capital expenditures for property and equipment   (70) (182)
Proceeds from asset dispositions, net   207 230
Contributions to unconsolidated affiliates   (2)  
Insurance proceeds for property damage claims   1 10
Net cash provided by (used in) investing activities   136 (855)
Financing Activities:      
Proceeds from issuance of Senior Secured Notes   1,376  
Borrowings from credit facilities   1,000 850
Repayments of credit facilities   (1,099)  
Debt issuance costs   (39) (11)
Dividends paid   (241) (382)
Distributions to noncontrolling interests, net   (1) (5)
Tax withholdings on share-based compensation   (5) (7)
Repurchase of common stock   (66)  
Net cash provided by financing activities   921 445
Net increase (decrease) in cash and cash equivalents and restricted cash   783 (61)
Cash and cash equivalents and restricted cash, beginning of period   386 425
Cash and cash equivalents and restricted cash, end of period 364 1,169 364
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   $ 107
Mortgage Debt [Member]      
Financing Activities:      
Repayment of mortgage debt   $ (4)