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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Cash flows from operating activities:                    
Net loss $ (8,000,000) $ (21,000,000) $ (12,000,000) $ (27,000,000) $ (136,000,000) $ (58,000,000)        
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                    
Depreciation and amortization         121,000,000 137,000,000        
Amortization of deferred costs and other assets         11,000,000 16,000,000        
Impairment loss 0   0   54,000,000 0        
Gain on casualty (4,000,000)   (1,000,000)   (7,000,000) (5,000,000)        
Gain on sales of real estate         (59,000,000) (16,000,000)        
Equity-based compensation expense         8,000,000 9,000,000        
Deferred tax benefit (3,000,000)   1,000,000   (2,000,000) 0        
Changes in assets and liabilities:                    
Accounts receivable         (6,000,000) (6,000,000)        
Other assets         4,000,000 7,000,000        
Accounts payable and accrued expenses         (8,000,000) 6,000,000        
Other liabilities         (1,000,000) 4,000,000        
Net cash provided by (used in) operating activities         (21,000,000) 94,000,000        
Cash flows from investing activities:                    
Capital expenditures, primarily investments in existing real estate         (18,000,000) (61,000,000)        
Lender and other escrows         (10,000,000) 0        
Insurance proceeds related to real estate casualties         11,000,000 13,000,000        
Proceeds from sales of real estate         205,000,000 86,000,000        
Net cash provided by investing activities         188,000,000 38,000,000        
Cash flows from financing activities:                    
Proceeds from debt         110,000,000 0        
Repayment of debt         (164,000,000) (62,000,000)        
Debt issuance costs         (1,000,000) 0        
Payment of insurance financing         (10,000,000) (8,000,000)        
Dividends on common stock         (22,000,000) (35,000,000)        
Distributions to noncontrolling interest         0 (1,000,000)        
Purchase of common stock         0 (30,000,000)        
Net cash used in financing activities         (87,000,000) (136,000,000)        
Increase (decrease) in cash, cash equivalents and restricted cash         80,000,000 (4,000,000)        
Cash, cash equivalents and restricted cash at the beginning of the period   101,000,000   68,000,000 101,000,000 68,000,000 $ 68,000,000      
Cash, cash equivalents and restricted cash at the end of the period 181,000,000   64,000,000   181,000,000 64,000,000 101,000,000      
The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amount shown in the condensed consolidated statements of cash flow:                    
Cash and cash equivalents               $ 180,000,000 $ 101,000,000 $ 64,000,000
Restricted cash (included in other assets)               1,000,000   0
Total cash, cash equivalents and restricted cash $ 181,000,000 $ 101,000,000 $ 64,000,000 $ 68,000,000 $ 181,000,000 $ 64,000,000 $ 68,000,000 $ 181,000,000 $ 101,000,000 $ 64,000,000