XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in- Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2017 $ 828 $ 1 $ (212) $ 1,181 $ (144) $ (1) $ 3
Beginning Balance, shares at Dec. 31, 2017   58,700,000          
Cumulative-effect adjustment from the adoption of new revenue accounting standard (15)       (15)    
Net loss (15)       (15)    
Equity-based compensation 4     4      
Cash flow hedge adjustment, net of tax 3         3  
Ending Balance at Mar. 31, 2018 805 $ 1 (212) 1,185 (174) 2 3
Ending Balance, shares at Mar. 31, 2018   58,700,000          
Beginning Balance at Dec. 31, 2017 828 $ 1 (212) 1,181 (144) (1) 3
Beginning Balance, shares at Dec. 31, 2017   58,700,000          
Net loss (63)            
Ending Balance at Jun. 30, 2018 1,513 $ 1 (3) 973 539   3
Ending Balance, shares at Jun. 30, 2018   59,600,000          
Beginning Balance at Mar. 31, 2018 805 $ 1 (212) 1,185 (174) 2 3
Beginning Balance, shares at Mar. 31, 2018   58,700,000          
Net loss (48)       (48)    
Equity-based compensation 2     2      
Equity-based compensation, shares   1,100,000          
Purchase of common stock | Prior To Spin Off [Member] (2)   (2)        
Purchase of common stock | Post To Spin Off [Member] (3)   (3)        
Purchase of common stock, shares | Prior To Spin Off [Member]   (100,000)          
Purchase of common stock, shares | Post To Spin Off [Member]   (100,000)          
Retirement of treasury stock     214 (214)      
Cash flow hedge adjustment, net of tax 1         1  
Gain on termination of cash flow hedge (3)         $ (3)  
Reorganization and separation from La Quinta Holdings Inc 761       761    
Ending Balance at Jun. 30, 2018 1,513 $ 1 $ (3) 973 539   3
Ending Balance, shares at Jun. 30, 2018   59,600,000          
Beginning Balance at Dec. 31, 2018 $ 1,297 $ 1   974 319   3
Beginning Balance, shares at Dec. 31, 2018 59,500,000 59,500,000          
Cumulative-effect adjustment from the adoption of new revenue accounting standard $ 1       1    
Net loss (27)       (27)    
Dividends on common stock ($0.20 per share) (12)       (12)    
Equity-based compensation 2     2      
Equity-based compensation, shares   400,000          
Purchase of common stock (9)     (9)      
Purchase of common stock, shares   (700,000)          
Ending Balance at Mar. 31, 2019 1,252 $ 1   967 281   3
Ending Balance, shares at Mar. 31, 2019   59,200,000          
Beginning Balance at Dec. 31, 2018 $ 1,297 $ 1   974 319   3
Beginning Balance, shares at Dec. 31, 2018 59,500,000 59,500,000          
Net loss $ (46)            
Ending Balance at Jun. 30, 2019 $ 1,209 $ 1   954 251   3
Ending Balance, shares at Jun. 30, 2019 57,700,000 57,700,000          
Beginning Balance at Mar. 31, 2019 $ 1,252 $ 1   967 281   3
Beginning Balance, shares at Mar. 31, 2019   59,200,000          
Net loss (19)       (19)    
Dividends on common stock ($0.20 per share) (11)       (11)    
Equity-based compensation 4     4      
Purchase of common stock (17)     (17)      
Purchase of common stock, shares   (1,500,000)          
Ending Balance at Jun. 30, 2019 $ 1,209 $ 1   $ 954 $ 251   $ 3
Ending Balance, shares at Jun. 30, 2019 57,700,000 57,700,000