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Revenue Recognition
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract Liabilities
Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets. The following table reflects the change in contract liabilities between December 31, 2019 and September 30, 2020 (in millions):
Contract LiabilitiesTHBKPLKConsolidated
Balance at December 31, 2019$64 $449 $28 $541 
Recognized during period and included in the contract liability balance at the beginning of the year(7)(50)(2)(59)
Increase, excluding amounts recognized as revenue during the period5 15 9 29 
Impact of foreign currency translation(1)7 — 6 
Balance at September 30, 2020$61 $421 $35 $517 
The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020 (in millions):
Contract liabilities expected to be recognized inTHBKPLKConsolidated
Remainder of 2020$2 $9 $1 $12 
20218 34 2 44 
20228 33 2 43 
20237 32 2 41 
20247 31 2 40 
Thereafter29 282 26 337 
Total$61 $421 $35 $517 
Disaggregation of Total Revenues
Total revenues consist of the following (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2020201920202019
Sales$541 $624 $1,450 $1,735 
Royalties581 602 1,576 1,706 
Property revenues196 215 532 628 
Franchise fees and other revenue19 17 52 55 
Total revenues$1,337 $1,458 $3,610 $4,124