Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Property and equipment, net	$ 9,193	$ 9,594	[1],[2]
Assets held for sale, net		71
Investments in affiliates	14	35
Goodwill		607
Intangibles, net	45	46
Cash and cash equivalents	951	346
Restricted cash	30	40
Accounts receivable, net of allowance for doubtful accounts of $3 and $2	26	180
Prepaid expenses	39	83
Other assets	60	40
Operating lease right-of-use assets	229	248
TOTAL ASSETS (variable interest entities - $229 and $242)	10,587	11,290
Liabilities
Debt	5,121	3,871
Accounts payable and accrued expenses	147	217
Due to hotel managers	88	159
Deferred income tax liabilities	10	50
Other liabilities	134	282
Operating lease liabilities	244	260
Total liabilities (variable interest entities - $213 and $219)	5,744	4,839
Commitments and contingencies - refer to Note 15
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 236,217,344 shares issued and 235,915,749 shares outstanding as of December 31, 2020 and 239,589,639 shares issued and 239,386,877 shares outstanding as of December 31, 2019	2	2
Additional paid-in capital	4,519	4,575
Retained earnings	376	1,922
Accumulated other comprehensive loss	(4)	(3)
Total stockholders' equity	4,893	6,496
Noncontrolling interests	(50)	(45)
Total equity	4,843	6,451
TOTAL LIABILITIES AND EQUITY	$ 10,587	$ 11,290

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

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