Marriott International (MAR) 10-Q 31 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-13881
Entity Registrant Name	MARRIOTT INTERNATIONAL INC /MD/
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-2055918
Entity Address, Address Line One	7750 Wisconsin Avenue
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	301
Local Phone Number	380-3000
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	MAR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		281,522,766
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001048286
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES
Revenue	$ 6,439	$ 6,075	$ 12,416	$ 11,690
OPERATING COSTS AND EXPENSES
Depreciation, amortization, and other	47	48	92	92
General, administrative, and other	248	240	509	442
Merger-related charges and other	8	38	16	39
Costs and expenses	5,244	4,979	10,345	9,643
OPERATING INCOME	1,195	1,096	2,071	2,047
Gains and other income, net	4	2	8	5
Interest expense	(173)	(140)	(336)	(266)
Interest income	9	(1)	19	14
Equity in earnings	5	7	5	8
INCOME BEFORE INCOME TAXES	1,040	964	1,767	1,808
Provision for income taxes	(268)	(238)	(431)	(325)
NET INCOME	$ 772	$ 726	$ 1,336	$ 1,483
EARNINGS PER SHARE
Earnings per share - basic (in USD per share)	$ 2.70	$ 2.39	$ 4.64	$ 4.84
Earnings per share - diluted (in USD per share)	$ 2.69	$ 2.38	$ 4.62	$ 4.81
Net fee revenues
REVENUES
Gross fee revenues	$ 1,343	$ 1,250	$ 2,553	$ 2,383
Contract investment amortization	(27)	(22)	(50)	(43)
Revenue	1,316	1,228	2,503	2,340
Base management fees
REVENUES
Gross fee revenues	330	318	643	611
Franchise fees
REVENUES
Gross fee revenues	818	739	1,506	1,378
Incentive management fees
REVENUES
Gross fee revenues	195	193	404	394
Owned, leased, and other revenue
REVENUES
Revenue	395	390	752	746
OPERATING COSTS AND EXPENSES
Operating costs	296	287	582	568
Cost reimbursement revenue
REVENUES
Revenue	4,728	4,457	9,161	8,604
OPERATING COSTS AND EXPENSES
Operating costs	$ 4,645	$ 4,366	$ 9,146	$ 8,502

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 772	$ 726	$ 1,336	$ 1,483
Other comprehensive (loss) income
Foreign currency translation adjustments	(114)	(77)	(271)	7
Other adjustments, net of tax	3	8	13	6
Total other comprehensive (loss) income, net of tax	(111)	(69)	(258)	13
Comprehensive income	$ 661	$ 657	$ 1,078	$ 1,496

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and equivalents	$ 349	$ 338
Accounts and notes receivable, net	2,847	2,712
Prepaid expenses and other	304	261
Assets, current, total	3,500	3,311
Property and equipment, net	1,558	1,581
Intangible assets
Goodwill	8,783	8,886
Goodwill and intangible assets, net, total	18,046	18,076
Equity method investments	304	308
Notes receivable, net	146	138
Deferred tax assets	644	673
Operating lease assets	875	929
Other noncurrent assets	667	658
Total assets	25,740	25,674
Current liabilities
Current portion of long-term debt	960	553
Accounts payable	826	738
Accrued payroll and benefits	1,136	1,390
Accrued expenses and other	1,978	1,753
Liabilities, current, total	8,283	7,762
Long-term debt	12,183	11,320
Deferred tax liabilities	219	209
Operating lease liabilities	825	887
Other noncurrent liabilities	1,327	1,482
Stockholders’ deficit
Class A Common Stock	5	5
Additional paid-in-capital	6,030	6,051
Retained earnings	15,844	14,838
Treasury stock, at cost	(23,065)	(20,929)
Accumulated other comprehensive loss	(905)	(647)
Stockholders’ deficit	(2,091)	(682)
Liabilities and equity, total	25,740	25,674
Liability for guest loyalty program
Current liabilities
Liability for guest loyalty program	3,383	3,328
Contract with customer liabilities	3,942	3,678
Deferred revenue
Current liabilities
Contract with customer liabilities	1,052	1,018
Brands
Intangible assets
Intangible assets	5,818	5,907
Contract acquisition costs and other
Intangible assets
Intangible assets	$ 3,445	$ 3,283

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES
Net income		$ 1,336	$ 1,483
Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other		142	135
Stock-based compensation		110	93
Income taxes		(2)	(80)
Contract acquisition costs		(121)	(105)
Merger-related charges and other		15	32
Working capital changes		(274)	(215)
Other		26	64
Net cash provided by operating activities		1,551	1,538
INVESTING ACTIVITIES
Capital and technology expenditures		(234)	(194)
Asset acquisition		0	(102)
Dispositions		1	0
Loan advances		(8)	(17)
Loan collections		8	33
Other		8	37
Net cash used in investing activities		(225)	(243)
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net		342	736
Issuance of long-term debt		1,468	783
Repayment of long-term debt		(554)	(330)
Issuance of Class A Common Stock		33	0
Dividends paid		(330)	(281)
Purchase of treasury stock		(2,156)	(2,046)
Stock-based compensation withholding taxes		(125)	(79)
Other		0	(24)
Net cash used in financing activities		(1,322)	(1,241)
INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		4	54
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period	[1]	366	525
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period	[1]	370	579
Loyalty program
Adjustments to reconcile to cash provided by operating activities:
Liability for guest loyalty program		$ 319	$ 131
[1] The 2024 amounts include beginning restricted cash of $28 million at December 31, 2023, and ending restricted cash of $21 million at June 30, 2024, which we present in the “Prepaid expenses and other” and “Other noncurrent assets” captions of our Balance Sheets.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Restricted cash	$ 21	$ 28

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The condensed consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. and subsidiaries (referred to in this report as “we,” “us,” “Marriott,” or the “Company”). In order to make this report easier to read, we also refer throughout to (1) our Condensed Consolidated Financial Statements as our “Financial Statements,” (2) our Condensed Consolidated Statements of Income as our “Income Statements,” (3) our Condensed Consolidated Balance Sheets as our “Balance Sheets,” (4) our Condensed Consolidated Statements of Cash Flows as our “Statements of Cash Flows,” (5) our properties, brands, or markets in the United States and Canada as “U.S. & Canada,” and (6) our properties, brands, or markets in our Caribbean & Latin America, Europe, Middle East & Africa, Greater China, and Asia Pacific excluding China regions, as “International.” In addition, references throughout to numbered “Notes” refer to these Notes to Condensed Consolidated Financial Statements, unless otherwise stated. These Financial Statements have not been audited. We have condensed or omitted certain information and disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial statements in this report should be read in conjunction with the consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (“2023 Form 10-K”). Certain terms not otherwise defined in this Form 10-Q have the meanings specified in our 2023 Form 10-K. Preparation of financial statements that conform with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. Accordingly, ultimate results could differ from those estimates. The accompanying Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of June 30, 2024 and December 31, 2023, the results of our operations for the three and six months ended June 30, 2024 and June 30, 2023, and cash flows for the six months ended June 30, 2024 and June 30, 2023. Interim results may not be indicative of fiscal year performance because of seasonal and short-term variations. We have eliminated all material intercompany transactions and balances between entities consolidated in these Financial Statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share, the latter of which uses the treasury stock method to calculate the dilutive effect of the Company’s potential common stock: Three Months Ended Six Months Ended (in millions, except per share amounts) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Computation of Basic Earnings Per Share Net income $ 772 $ 726 $ 1,336 $ 1,483 Shares for basic earnings per share 285.8 303.6 288.1 306.6 Basic earnings per share $ 2.70 $ 2.39 $ 4.64 $ 4.84 Computation of Diluted Earnings Per Share Net income $ 772 $ 726 $ 1,336 $ 1,483 Shares for basic earnings per share 285.8 303.6 288.1 306.6 Effect of dilutive securities Stock-based compensation 0.9 1.4 1.0 1.4 Shares for diluted earnings per share 286.7 305.0 289.1 308.0 Diluted earnings per share $ 2.69 $ 2.38 $ 4.62 $ 4.81

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION We granted 0.8 million restricted stock units (“RSUs”) during the 2024 first half to certain officers and employees, and those units vest generally over four years in equal annual installments commencing one year after the grant date. We also granted 0.1 million performance-based RSUs (“PSUs”) in the 2024 first half to certain executives, which are earned subject to continued employment and the satisfaction of certain performance and market conditions based on the degree of achievement of pre-established targets for 2026 adjusted EBITDA performance and relative total stockholder return over the 2024 to 2026 performance period. RSUs, including PSUs, granted in the 2024 first half had a weighted average grant-date fair value of $226 per unit. We recorded stock-based compensation expense for RSUs and PSUs of $49 million in the 2024 second quarter, $49 million in the 2023 second quarter, $94 million in the 2024 first half, and $82 million in the 2023 first half. Deferred compensation costs for unvested awards for RSUs and PSUs totaled $272 million at June 30, 2024 and $171 million at December 31, 2023.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our effective tax rate increased to 25.8 percent for the 2024 second quarter compared to 24.7 percent for the 2023 second quarter, primarily due to a shift in earnings to jurisdictions with higher tax rates. Our effective tax rate increased to 24.4 percent for the 2024 first half compared to 18.0 percent for the 2023 first half, primarily due to the prior year release of tax reserves and a shift in earnings to jurisdictions with higher tax rates. We paid cash for income taxes, net of refunds, of $433 million in the 2024 first half and $406 million in the 2023 first half.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Guarantees We present the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for our debt service, operating profit, and other guarantees (excluding contingent purchase obligations) for which we are the primary obligor at June 30, 2024 in the following table: (in millions) Guarantee Type Maximum Potential Amount of Future Fundings Recorded Liability for Guarantees Debt service $ 57 $ 6 Operating profit 150 75 Other 19 4 $ 226 $ 85 Our maximum potential guarantees listed in the preceding table include $64 million of operating profit guarantees that will not be in effect until the underlying properties open and we begin to operate the properties or certain other events occur. Contingent Purchase Obligation Sheraton Grand Chicago . In 2017, we granted the owner a one-time right to require us to purchase the leasehold interest in the land and the hotel for $300 million in cash (the “put option”). In the 2021 third quarter, we entered into an amendment with the owner to move the exercise period of the put option from the 2022 first half to the 2024 first half. In January 2024, the owner exercised the put option, and we exercised our option to purchase, at the same time the put transaction closes, the fee simple interest in the underlying land for an additional $200 million in cash, resulting in an expected total cash payment of approximately $500 million. The closing is expected to occur in the 2024 fourth quarter. We account for the put option as a guarantee, and our recorded liability (reflected in the “Accrued expenses and other” caption of our Balance Sheets) was $300 million at June 30, 2024 and December 31, 2023. Starwood Data Security Incident Description of Event On November 30, 2018, we announced a data security incident involving unauthorized access to the Starwood reservations database (the “Data Security Incident”). Working with leading security experts, we determined that there was unauthorized access to the Starwood network since 2014 and that an unauthorized party had copied information from the Starwood reservations database and taken steps towards removing it. We discontinued use of t he Starwood reservations database for business operations at the end of 2018 . Litigation, Claims, and Government Investigations Following our announcement of the Data Security Incident, approximately 100 lawsuits were filed by consumers and others against us in U.S. federal, U.S. state and Canadian courts related to the incident. The plaintiffs in the cases that remain pending, who generally purport to represent various classes of consumers, generally claim to have been harmed by alleged actions and/or omissions by the Company in connection with the Data Security Incident and assert a variety of common law and statutory claims seeking monetary damages, injunctive relief, costs and attorneys’ fees, and other related relief. The active U.S. cases are consolidated in the U.S. District Court for the District of Maryland (the “District Court”), pursuant to orders of the U.S. Judicial Panel on Multidistrict Litigation (the “MDL”). The District Court granted in part and denied in part class certification of various U.S. groups of consumers. In August 2023, the U.S. Court of Appeals for the Fourth Circuit (the “Fourth Circuit”) vacated the District Court’s class certification decision because the District Court failed to first consider the effect of a class-action waiver signed by all putative class members. On remand, after briefing, the District Court issued an order reinstating the same classes that had previously been certified. We promptly petitioned the Fourth Circuit, seeking leave to appeal that ruling. The Fourth Circuit granted that petition on January 18, 2024, but has not yet set a date for oral argument. A case brought by the City of Chicago (which is consolidated in the MDL proceeding) also remains pending. The Canadian cases have effectively been consolidated into a single case in the province of Ontario. We dispute the allegations in these lawsuits and are vigorously defending against such claims. In addition, various U.S. federal, U.S. state and foreign governmental authorities made inquiries, opened investigations, or requested information and/or documents related to the Data Security Incident and related matters. Most of these matters have been resolved, are expected to be resolved in the near future, or no longer appear to be active. We believe we have reached a resolution with the Federal Trade Commission, and we are continuing to progress in our discussions with the Attorney General offices from 49 states and the District of Columbia. Based on this progress, we believe it is probable that we will incur losses, and as of June 30, 2024, we have an accrual for an estimated loss contingency, which is not material to our Financial Statements. While we believe it is reasonably possible that we may incur losses in excess of the amounts recorded associated with the above described MDL proceedings and unresolved regulatory investigations related to the Data Security Incident, it is not possible to reasonably estimate the amount of such losses or range of loss that might result from adverse judgments, settlements, fines, penalties or other resolution of these proceedings and investigations based on: (1) in the case of the above described MDL proceedings, the current stage of these proceedings, the absence of specificity as to alleged damages, the uncertainty as to the certification of a class or classes and the size of any certified class, and the lack of resolution of significant factual and legal issues, and (2) uncertainty regarding unresolved inquiries, investigations, or requests for information and/or documents.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT We provide detail on our long-term debt balances, net of discounts, premiums, and debt issuance costs, in the following table as of June 30, 2024 and year-end 2023: (in millions) June 30, 2024 December 31, 2023 Senior Notes: Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025 (effective interest rate of 4.0%) $ 349 $ 349 Series R Notes, interest rate of 3.1%, face amount of $750, maturing June 15, 2026 (effective interest rate of 3.3%) 748 748 Series V Notes, interest rate of 3.8%, face amount of $318, maturing March 15, 2025 (effective interest rate of 2.8%) 320 321 Series W Notes, interest rate of 4.5%, face amount of $278, maturing October 1, 2034 (effective interest rate of 4.1%) 288 288 Series X Notes, interest rate of 4.0%, face amount of $450, maturing April 15, 2028 (effective interest rate of 4.2%) 447 447 Series AA Notes, interest rate of 4.7%, face amount of $300, maturing December 1, 2028 (effective interest rate of 4.8%) 298 298 Series CC Notes, interest rate of 3.6%, face amount of $550, matured April 15, 2024 (effective interest rate of 3.9%) — 545 Series EE Notes, interest rate of 5.8%, face amount of $600, maturing May 1, 2025 (effective interest rate of 6.0%) 599 598 Series FF Notes, interest rate of 4.6%, face amount of $1,000, maturing June 15, 2030 (effective interest rate of 4.8%) 990 990 Series GG Notes, interest rate of 3.5%, face amount of $1,000, maturing October 15, 2032 (effective interest rate of 3.7%) 988 988 Series HH Notes, interest rate of 2.9%, face amount of $1,100, maturing April 15, 2031 (effective interest rate of 3.0%) 1,092 1,091 Series II Notes, interest rate of 2.8%, face amount of $700, maturing October 15, 2033 (effective interest rate of 2.8%) 695 694 Series JJ Notes, interest rate of 5.0%, face amount of $1,000, maturing October 15, 2027 (effective interest rate of 5.4%) 989 987 Series KK Notes, interest rate of 4.9%, face amount of $800, maturing April 15, 2029 (effective interest rate of 5.3%) 786 785 Series LL Notes, interest rate of 5.5%, face amount of $450, maturing September 15, 2026 (effective interest rate of 5.9%) 446 445 Series MM Notes, interest rate of 5.6%, face amount of $700, maturing October 15, 2028 (effective interest rate of 5.9%) 692 691 Series NN Notes, interest rate of 4.9%, face amount of $500, maturing May 15, 2029 (effective interest rate of 5.3%) 490 — Series OO Notes, interest rate of 5.3%, face amount of $1,000, maturing May 15, 2034 (effective interest rate of 5.6%) 979 — Commercial paper 1,763 1,421 Credit Facility — — Finance lease obligations 128 131 Other 56 56 $ 13,143 $ 11,873 Less current portion (960) (553) $ 12,183 $ 11,320 We paid cash for interest, net of amounts capitalized, of $303 million in the 2024 first half and $196 million in the 2023 first half. In February 2024, we issued $500 million aggregate principal amount of 4.875 percent Series NN Notes due May 15, 2029 (the “Series NN Notes”) and $1.0 billion aggregate principal amount of 5.300 percent Series OO Notes due May 15, 2034 (the “Series OO Notes”). We pay interest on the Series NN Notes and Series OO Notes in May and November of each year. We received net proceeds of approximately $1.468 billion from the offering of the Series NN Notes and Series OO Notes, after deducting the underwriting discount and expenses, which were made available for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness. We are party to a $4.5 billion multicurrency revolving credit agreement (as amended, the “Credit Facility”). Available borrowings under the Credit Facility support our commercial paper program and general corporate needs. U.S. dollar borrowings under the Credit Facility bear interest at SOFR (the Secured Overnight Financing Rate) plus a spread based on our public debt rating. We also pay quarterly fees on the Credit Facility at a rate based on our public debt rating. We classify outstanding borrowings under the Credit Facility and outstanding commercial paper borrowings (which generally have short-term maturities of 45 days or less) as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis. The Credit Facility expires on December 14, 2027.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. We present the carrying amounts and the fair values of noncurrent financial assets and liabilities that qualify as financial instruments in the following table: June 30, 2024 December 31, 2023 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Notes receivable $ 146 $ 142 $ 138 $ 131 Total noncurrent financial assets $ 146 $ 142 $ 138 $ 131 Senior Notes $ (10,277) $ (9,841) $ (9,720) $ (9,393) Commercial paper (1,763) (1,763) (1,421) (1,421) Total noncurrent financial liabilities $ (12,040) $ (11,604) $ (11,141) $ (10,814) See Note 12. Fair Value of Financial Instruments and the “Fair Value Measurements” caption of Note 2. Summary of Significant Accounting Policies of our 2023 Form 10-K for more information on the input levels we use in determining fair value.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT	ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT The following tables detail the accumulated other comprehensive loss activity for the 2024 first half and 2023 first half: (in millions) Foreign Currency Translation Adjustments Other Adjustments Accumulated Other Comprehensive Loss Balance at year-end 2023 $ (654) $ 7 $ (647) Other comprehensive (loss) income before reclassifications (1) (271) 17 (254) Reclassification adjustments — (4) (4) Net other comprehensive (loss) income (271) 13 (258) Balance at June 30, 2024 $ (925) $ 20 $ (905) (in millions) Foreign Currency Translation Adjustments Other Adjustments Accumulated Other Comprehensive Loss Balance at year-end 2022 $ (740) $ 11 $ (729) Other comprehensive income before reclassifications (1) 7 4 11 Reclassification adjustments — 2 2 Net other comprehensive income 7 6 13 Balance at June 30, 2023 $ (733) $ 17 $ (716) (1) Other comprehensive (loss) income before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $21 million for the 2024 first half and losses of $14 million for the 2023 first half. The following tables detail the changes in common shares outstanding and stockholders’ deficit for the 2024 first half and 2023 first half: (in millions, except per share amounts) Common Shares Outstanding Total Class A Common Stock Additional Paid-in-Capital Retained Earnings Treasury Stock, at Cost Accumulated Other Comprehensive Loss 290.5 Balance at year-end 2023 $ (682) $ 5 $ 6,051 $ 14,838 $ (20,929) $ (647) — Net income 564 — — 564 — — — Other comprehensive loss (147) — — — — (147) — Dividends ($0.52 per share) (151) — — (151) — — 1.3 Stock-based compensation plans (36) — (73) — 37 — (4.8) Purchase of treasury stock (1,164) — — — (1,164) — 287.0 Balance at March 31, 2024 $ (1,616) $ 5 $ 5,978 $ 15,251 $ (22,056) $ (794) — Net income 772 — — 772 — — — Other comprehensive loss (111) — — — — (111) — Dividends ($0.63 per share) (179) — — (179) — — — Stock-based compensation plans 53 — 52 — 1 — (4.1) Purchase of treasury stock (1,010) — — — (1,010) — 282.9 Balance at June 30, 2024 $ (2,091) $ 5 $ 6,030 $ 15,844 $ (23,065) $ (905) Common Shares Outstanding Total Class A Common Stock Additional Paid-in-Capital Retained Earnings Treasury Stock, at Cost Accumulated Other Comprehensive Loss 310.6 Balance at year-end 2022 $ 568 $ 5 $ 5,965 $ 12,342 $ (17,015) $ (729) — Net income 757 — — 757 — — — Other comprehensive income 82 — — — — 82 — Dividends ($0.40 per share) (124) — — (124) — — 0.9 Stock-based compensation plans (34) — (59) — 25 — (6.8) Purchase of treasury stock (1,109) — — — (1,109) — 304.7 Balance at March 31, 2023 $ 140 $ 5 $ 5,906 $ 12,975 $ (18,099) $ (647) — Net income 726 — — 726 — — — Other comprehensive loss (69) — — — — (69) — Dividends ($0.52 per share) (157) — — (157) — — 0.1 Stock-based compensation plans 48 — 46 — 2 — (5.2) Purchase of treasury stock (912) — — — (912) — 299.6 Balance at June 30, 2023 $ (224) $ 5 $ 5,952 $ 13,544 $ (19,009) $ (716)

CONTRACTS WITH CUSTOMERS

CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
CONTRACTS WITH CUSTOMERS	CONTRACTS WITH CUSTOMERS Our current and noncurrent liability for guest loyalty program increased by $319 million, to $7,325 million at June 30, 2024, from $7,006 million at December 31, 2023, primarily reflecting an increase in points earned by members. The increase was partially offset by $1,645 million of revenue recognized in the 2024 first half, that was deferred as of December 31, 2023. Our allowance for credit losses was $207 million at June 30, 2024 and $197 million at December 31, 2023.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Beginning in the 2024 first quarter, we modified our segment structure as a result of a change in the way our chief operating decision maker (“CODM”) evaluates performance and allocates resources within the Company, resulting in the following four reportable business segments: (1) U.S. & Canada, (2) Europe, Middle East & Africa (“EMEA”), (3) Greater China, and (4) Asia Pacific excluding China (“APEC”). Our Caribbean & Latin America (“CALA”) operating segment does not meet the applicable accounting criteria for separate disclosure as a reportable business segment, and as such, we include its results in “Unallocated corporate and other.” We revised the prior period amounts shown in the tables below to conform to our current presentation. We evaluate the performance of our operating segments using “segment profits,” which is based largely on the results of the segment without allocating corporate expenses, income taxes, indirect general, administrative, and other expenses, or merger-related charges and other expenses. We assign gains and losses, equity in earnings or losses, and direct general, administrative, and other expenses to each of our segments. “Unallocated corporate and other” includes a portion of our revenues (such as fees we receive from our credit card programs and vacation ownership licensing agreements), revenues and expenses for our Loyalty Program, general, administrative, and other expenses, merger-related charges and other expenses, equity in earnings or losses, and other gains or losses that we do not allocate to our segments, as well as results of our CALA operating segment. Our CODM monitors assets for the consolidated Company but does not use assets by operating segment when assessing performance or making operating segment resource allocations. Segment Revenues The following tables present our revenues disaggregated by segment and major revenue stream for the 2024 second quarter, 2023 second quarter, 2024 first half, and 2023 first half: Three Months Ended June 30, 2024 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 798 $ 154 $ 59 $ 74 $ 1,085 Contract investment amortization (21) (4) — (1) (26) Net fee revenues 777 150 59 73 1,059 Owned, leased, and other revenue 111 157 6 36 310 Cost reimbursement revenue 3,877 322 75 123 4,397 Total reportable segment revenue $ 4,765 $ 629 $ 140 $ 232 $ 5,766 Unallocated corporate and other 673 Total revenues $ 6,439 Three Months Ended June 30, 2023 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 751 $ 133 $ 68 $ 63 $ 1,015 Contract investment amortization (17) (3) — (1) (21) Net fee revenues 734 130 68 62 994 Owned, leased, and other revenue 116 151 5 37 309 Cost reimbursement revenue 3,652 307 81 100 4,140 Total reportable segment revenue $ 4,502 $ 588 $ 154 $ 199 $ 5,443 Unallocated corporate and other 632 Total revenues $ 6,075 Six Months Ended June 30, 2024 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 1,480 $ 272 $ 124 $ 161 $ 2,037 Contract investment amortization (38) (7) — (2) (47) Net fee revenues 1,442 265 124 159 1,990 Owned, leased, and other revenue 219 275 13 68 575 Cost reimbursement revenue 7,594 600 151 239 8,584 Total reportable segment revenue $ 9,255 $ 1,140 $ 288 $ 466 $ 11,149 Unallocated corporate and other 1,267 Total revenues $ 12,416 Six Months Ended June 30, 2023 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 1,423 $ 238 $ 125 $ 130 $ 1,916 Contract investment amortization (33) (6) — (2) (41) Net fee revenues 1,390 232 125 128 1,875 Owned, leased, and other revenue 233 264 9 67 573 Cost reimbursement revenue 7,157 563 151 197 8,068 Total reportable segment revenue $ 8,780 $ 1,059 $ 285 $ 392 $ 10,516 Unallocated corporate and other 1,174 Total revenues $ 11,690 Segment Profits Three Months Ended Six Months Ended (in millions) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 U.S. & Canada $ 787 $ 756 $ 1,412 $ 1,413 EMEA 153 132 234 210 Greater China 47 59 98 105 APEC 62 57 134 113 Unallocated corporate and other 155 101 206 219 Interest expense, net of interest income (164) (141) (317) (252) Provision for income taxes (268) (238) (431) (325) Net income $ 772 $ 726 $ 1,336 $ 1,483

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 772	$ 564	$ 726	$ 757	$ 1,336	$ 1,483

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Earnings and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share	The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share, the latter of which uses the treasury stock method to calculate the dilutive effect of the Company’s potential common stock: Three Months Ended Six Months Ended (in millions, except per share amounts) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Computation of Basic Earnings Per Share Net income $ 772 $ 726 $ 1,336 $ 1,483 Shares for basic earnings per share 285.8 303.6 288.1 306.6 Basic earnings per share $ 2.70 $ 2.39 $ 4.64 $ 4.84 Computation of Diluted Earnings Per Share Net income $ 772 $ 726 $ 1,336 $ 1,483 Shares for basic earnings per share 285.8 303.6 288.1 306.6 Effect of dilutive securities Stock-based compensation 0.9 1.4 1.0 1.4 Shares for diluted earnings per share 286.7 305.0 289.1 308.0 Diluted earnings per share $ 2.69 $ 2.38 $ 4.62 $ 4.81

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings	We present the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for our debt service, operating profit, and other guarantees (excluding contingent purchase obligations) for which we are the primary obligor at June 30, 2024 in the following table: (in millions) Guarantee Type Maximum Potential Amount of Future Fundings Recorded Liability for Guarantees Debt service $ 57 $ 6 Operating profit 150 75 Other 19 4 $ 226 $ 85

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long Term Debt	We provide detail on our long-term debt balances, net of discounts, premiums, and debt issuance costs, in the following table as of June 30, 2024 and year-end 2023: (in millions) June 30, 2024 December 31, 2023 Senior Notes: Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025 (effective interest rate of 4.0%) $ 349 $ 349 Series R Notes, interest rate of 3.1%, face amount of $750, maturing June 15, 2026 (effective interest rate of 3.3%) 748 748 Series V Notes, interest rate of 3.8%, face amount of $318, maturing March 15, 2025 (effective interest rate of 2.8%) 320 321 Series W Notes, interest rate of 4.5%, face amount of $278, maturing October 1, 2034 (effective interest rate of 4.1%) 288 288 Series X Notes, interest rate of 4.0%, face amount of $450, maturing April 15, 2028 (effective interest rate of 4.2%) 447 447 Series AA Notes, interest rate of 4.7%, face amount of $300, maturing December 1, 2028 (effective interest rate of 4.8%) 298 298 Series CC Notes, interest rate of 3.6%, face amount of $550, matured April 15, 2024 (effective interest rate of 3.9%) — 545 Series EE Notes, interest rate of 5.8%, face amount of $600, maturing May 1, 2025 (effective interest rate of 6.0%) 599 598 Series FF Notes, interest rate of 4.6%, face amount of $1,000, maturing June 15, 2030 (effective interest rate of 4.8%) 990 990 Series GG Notes, interest rate of 3.5%, face amount of $1,000, maturing October 15, 2032 (effective interest rate of 3.7%) 988 988 Series HH Notes, interest rate of 2.9%, face amount of $1,100, maturing April 15, 2031 (effective interest rate of 3.0%) 1,092 1,091 Series II Notes, interest rate of 2.8%, face amount of $700, maturing October 15, 2033 (effective interest rate of 2.8%) 695 694 Series JJ Notes, interest rate of 5.0%, face amount of $1,000, maturing October 15, 2027 (effective interest rate of 5.4%) 989 987 Series KK Notes, interest rate of 4.9%, face amount of $800, maturing April 15, 2029 (effective interest rate of 5.3%) 786 785 Series LL Notes, interest rate of 5.5%, face amount of $450, maturing September 15, 2026 (effective interest rate of 5.9%) 446 445 Series MM Notes, interest rate of 5.6%, face amount of $700, maturing October 15, 2028 (effective interest rate of 5.9%) 692 691 Series NN Notes, interest rate of 4.9%, face amount of $500, maturing May 15, 2029 (effective interest rate of 5.3%) 490 — Series OO Notes, interest rate of 5.3%, face amount of $1,000, maturing May 15, 2034 (effective interest rate of 5.6%) 979 — Commercial paper 1,763 1,421 Credit Facility — — Finance lease obligations 128 131 Other 56 56 $ 13,143 $ 11,873 Less current portion (960) (553) $ 12,183 $ 11,320

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities	We present the carrying amounts and the fair values of noncurrent financial assets and liabilities that qualify as financial instruments in the following table: June 30, 2024 December 31, 2023 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Notes receivable $ 146 $ 142 $ 138 $ 131 Total noncurrent financial assets $ 146 $ 142 $ 138 $ 131 Senior Notes $ (10,277) $ (9,841) $ (9,720) $ (9,393) Commercial paper (1,763) (1,763) (1,421) (1,421) Total noncurrent financial liabilities $ (12,040) $ (11,604) $ (11,141) $ (10,814)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss Activity	The following tables detail the accumulated other comprehensive loss activity for the 2024 first half and 2023 first half: (in millions) Foreign Currency Translation Adjustments Other Adjustments Accumulated Other Comprehensive Loss Balance at year-end 2023 $ (654) $ 7 $ (647) Other comprehensive (loss) income before reclassifications (1) (271) 17 (254) Reclassification adjustments — (4) (4) Net other comprehensive (loss) income (271) 13 (258) Balance at June 30, 2024 $ (925) $ 20 $ (905) (in millions) Foreign Currency Translation Adjustments Other Adjustments Accumulated Other Comprehensive Loss Balance at year-end 2022 $ (740) $ 11 $ (729) Other comprehensive income before reclassifications (1) 7 4 11 Reclassification adjustments — 2 2 Net other comprehensive income 7 6 13 Balance at June 30, 2023 $ (733) $ 17 $ (716) (1) Other comprehensive (loss) income before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $21 million for the 2024 first half and losses of $14 million for the 2023 first half.
Schedule of Changes in Shareholders' Equity	The following tables detail the changes in common shares outstanding and stockholders’ deficit for the 2024 first half and 2023 first half: (in millions, except per share amounts) Common Shares Outstanding Total Class A Common Stock Additional Paid-in-Capital Retained Earnings Treasury Stock, at Cost Accumulated Other Comprehensive Loss 290.5 Balance at year-end 2023 $ (682) $ 5 $ 6,051 $ 14,838 $ (20,929) $ (647) — Net income 564 — — 564 — — — Other comprehensive loss (147) — — — — (147) — Dividends ($0.52 per share) (151) — — (151) — — 1.3 Stock-based compensation plans (36) — (73) — 37 — (4.8) Purchase of treasury stock (1,164) — — — (1,164) — 287.0 Balance at March 31, 2024 $ (1,616) $ 5 $ 5,978 $ 15,251 $ (22,056) $ (794) — Net income 772 — — 772 — — — Other comprehensive loss (111) — — — — (111) — Dividends ($0.63 per share) (179) — — (179) — — — Stock-based compensation plans 53 — 52 — 1 — (4.1) Purchase of treasury stock (1,010) — — — (1,010) — 282.9 Balance at June 30, 2024 $ (2,091) $ 5 $ 6,030 $ 15,844 $ (23,065) $ (905) Common Shares Outstanding Total Class A Common Stock Additional Paid-in-Capital Retained Earnings Treasury Stock, at Cost Accumulated Other Comprehensive Loss 310.6 Balance at year-end 2022 $ 568 $ 5 $ 5,965 $ 12,342 $ (17,015) $ (729) — Net income 757 — — 757 — — — Other comprehensive income 82 — — — — 82 — Dividends ($0.40 per share) (124) — — (124) — — 0.9 Stock-based compensation plans (34) — (59) — 25 — (6.8) Purchase of treasury stock (1,109) — — — (1,109) — 304.7 Balance at March 31, 2023 $ 140 $ 5 $ 5,906 $ 12,975 $ (18,099) $ (647) — Net income 726 — — 726 — — — Other comprehensive loss (69) — — — — (69) — Dividends ($0.52 per share) (157) — — (157) — — 0.1 Stock-based compensation plans 48 — 46 — 2 — (5.2) Purchase of treasury stock (912) — — — (912) — 299.6 Balance at June 30, 2023 $ (224) $ 5 $ 5,952 $ 13,544 $ (19,009) $ (716)

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Revenues	The following tables present our revenues disaggregated by segment and major revenue stream for the 2024 second quarter, 2023 second quarter, 2024 first half, and 2023 first half: Three Months Ended June 30, 2024 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 798 $ 154 $ 59 $ 74 $ 1,085 Contract investment amortization (21) (4) — (1) (26) Net fee revenues 777 150 59 73 1,059 Owned, leased, and other revenue 111 157 6 36 310 Cost reimbursement revenue 3,877 322 75 123 4,397 Total reportable segment revenue $ 4,765 $ 629 $ 140 $ 232 $ 5,766 Unallocated corporate and other 673 Total revenues $ 6,439 Three Months Ended June 30, 2023 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 751 $ 133 $ 68 $ 63 $ 1,015 Contract investment amortization (17) (3) — (1) (21) Net fee revenues 734 130 68 62 994 Owned, leased, and other revenue 116 151 5 37 309 Cost reimbursement revenue 3,652 307 81 100 4,140 Total reportable segment revenue $ 4,502 $ 588 $ 154 $ 199 $ 5,443 Unallocated corporate and other 632 Total revenues $ 6,075 Six Months Ended June 30, 2024 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 1,480 $ 272 $ 124 $ 161 $ 2,037 Contract investment amortization (38) (7) — (2) (47) Net fee revenues 1,442 265 124 159 1,990 Owned, leased, and other revenue 219 275 13 68 575 Cost reimbursement revenue 7,594 600 151 239 8,584 Total reportable segment revenue $ 9,255 $ 1,140 $ 288 $ 466 $ 11,149 Unallocated corporate and other 1,267 Total revenues $ 12,416 Six Months Ended June 30, 2023 (in millions) U.S. & Canada EMEA Greater China APEC Total Gross fee revenues $ 1,423 $ 238 $ 125 $ 130 $ 1,916 Contract investment amortization (33) (6) — (2) (41) Net fee revenues 1,390 232 125 128 1,875 Owned, leased, and other revenue 233 264 9 67 573 Cost reimbursement revenue 7,157 563 151 197 8,068 Total reportable segment revenue $ 8,780 $ 1,059 $ 285 $ 392 $ 10,516 Unallocated corporate and other 1,174 Total revenues $ 11,690
Schedule of Segment Profits	Segment Profits Three Months Ended Six Months Ended (in millions) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 U.S. & Canada $ 787 $ 756 $ 1,412 $ 1,413 EMEA 153 132 234 210 Greater China 47 59 98 105 APEC 62 57 134 113 Unallocated corporate and other 155 101 206 219 Interest expense, net of interest income (164) (141) (317) (252) Provision for income taxes (268) (238) (431) (325) Net income $ 772 $ 726 $ 1,336 $ 1,483

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Computation of Basic Earnings Per Share
Net income	$ 772	$ 564	$ 726	$ 757	$ 1,336	$ 1,483
Shares for basic earnings per share (in shares)	285.8		303.6		288.1	306.6
Basic earnings per shares (in USD per share)	$ 2.70		$ 2.39		$ 4.64	$ 4.84
Computation of Diluted Earnings Per Share
Net income	$ 772	$ 564	$ 726	$ 757	$ 1,336	$ 1,483
Shares for basic earnings per share (in shares)	285.8		303.6		288.1	306.6
Effect of dilutive securities
Stock-based compensation (in shares)	0.9		1.4		1	1.4
Shares for diluted earnings per share (in shares)	286.7		305		289.1	308
Diluted earnings per share (in USD per share)	$ 2.69		$ 2.38		$ 4.62	$ 4.81

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, weighted average grant-date fair value (in USD per share)			$ 226
Share-based compensation expense	$ 49	$ 49	$ 94	$ 82
Deferred compensation costs related to unvested awards	$ 272		$ 272		$ 171
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, granted (in shares)			0.8
Stock awards, vesting period			4 years
Stock awards, period of service after grant date			1 year
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, granted (in shares)			0.1

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	25.80%	24.70%	24.40%	18%
Cash paid for income taxes, net of refunds			$ 433	$ 406

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Guarantees (Details) $ in Millions	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Maximum Potential Amount of Future Fundings	$ 226
Recorded Liability for Guarantees	85
Debt service
Commitments and Contingencies Disclosure [Line Items]
Maximum Potential Amount of Future Fundings	57
Recorded Liability for Guarantees	6
Operating profit
Commitments and Contingencies Disclosure [Line Items]
Maximum Potential Amount of Future Fundings	150
Recorded Liability for Guarantees	75
Other
Commitments and Contingencies Disclosure [Line Items]
Maximum Potential Amount of Future Fundings	19
Recorded Liability for Guarantees	$ 4

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Contingent Purchase Obligations (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2017
Guarantor Obligations [Line Items]
Guarantee	$ 226
Guarantee, recorded liability	85
Operating profit
Guarantor Obligations [Line Items]
Guarantee	150
Guarantee, recorded liability	75
Not Yet In Effect Condition | Operating profit
Guarantor Obligations [Line Items]
Guarantee	64
Sheraton Grand Chicago Hotel
Guarantor Obligations [Line Items]
Guarantee, recorded liability	300	$ 300
Sheraton Grand Chicago Hotel | Hotel and Leasehold
Guarantor Obligations [Line Items]
Guarantee	500		$ 300
Sheraton Grand Chicago Hotel | Land
Guarantor Obligations [Line Items]
Guarantor obligations, additional exposure	$ 200

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Litigation, Claims, and Government Investigations (Details)	Nov. 30, 2018 lawsuit
Class Action Lawsuits Related to Data Security Incident
Loss Contingencies [Line Items]
Number of new lawsuits filed	100

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Commercial paper	$ 1,763		$ 1,421
Credit Facility	0		0
Finance lease obligations	128		131
Other	56		56
Total debt	13,143		11,873
Less current portion	(960)		(553)
Long-term debt, noncurrent	12,183		11,320
Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025 (effective interest rate of 4.0%)
Debt Instrument [Line Items]
Senior notes	$ 349		349
Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025 (effective interest rate of 4.0%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.80%
Senior notes, face amount	$ 350
Effective interest rate	4%
Series R Notes, interest rate of 3.1%, face amount of $750, maturing June 15, 2026 (effective interest rate of 3.3%)
Debt Instrument [Line Items]
Senior notes	$ 748		748
Series R Notes, interest rate of 3.1%, face amount of $750, maturing June 15, 2026 (effective interest rate of 3.3%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.10%
Senior notes, face amount	$ 750
Effective interest rate	3.30%
Series V Notes, interest rate of 3.8%, face amount of $318, maturing March 15, 2025 (effective interest rate of 2.8%)
Debt Instrument [Line Items]
Senior notes	$ 320		321
Series V Notes, interest rate of 3.8%, face amount of $318, maturing March 15, 2025 (effective interest rate of 2.8%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.80%
Senior notes, face amount	$ 318
Effective interest rate	2.80%
Series W Notes, interest rate of 4.5%, face amount of $278, maturing October 1, 2034 (effective interest rate of 4.1%)
Debt Instrument [Line Items]
Senior notes	$ 288		288
Series W Notes, interest rate of 4.5%, face amount of $278, maturing October 1, 2034 (effective interest rate of 4.1%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.50%
Senior notes, face amount	$ 278
Effective interest rate	4.10%
Series X Notes, interest rate of 4.0%, face amount of $450, maturing April 15, 2028 (effective interest rate of 4.2%)
Debt Instrument [Line Items]
Senior notes	$ 447		447
Series X Notes, interest rate of 4.0%, face amount of $450, maturing April 15, 2028 (effective interest rate of 4.2%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4%
Senior notes, face amount	$ 450
Effective interest rate	4.20%
Series AA Notes, interest rate of 4.7%, face amount of $300, maturing December 1, 2028 (effective interest rate of 4.8%)
Debt Instrument [Line Items]
Senior notes	$ 298		298
Series AA Notes, interest rate of 4.7%, face amount of $300, maturing December 1, 2028 (effective interest rate of 4.8%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.70%
Senior notes, face amount	$ 300
Effective interest rate	4.80%
Series CC Notes, interest rate of 3.6%, face amount of $550, matured April 15, 2024 (effective interest rate of 3.9%)
Debt Instrument [Line Items]
Senior notes	$ 0		545
Series CC Notes, interest rate of 3.6%, face amount of $550, matured April 15, 2024 (effective interest rate of 3.9%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.60%
Senior notes, face amount	$ 550
Effective interest rate	3.90%
Series EE Notes, interest rate of 5.8%, face amount of $600, maturing May 1, 2025 (effective interest rate of 6.0%)
Debt Instrument [Line Items]
Senior notes	$ 599		598
Series EE Notes, interest rate of 5.8%, face amount of $600, maturing May 1, 2025 (effective interest rate of 6.0%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.80%
Senior notes, face amount	$ 600
Effective interest rate	6%
Series FF Notes, interest rate of 4.6%, face amount of $1,000, maturing June 15, 2030 (effective interest rate of 4.8%)
Debt Instrument [Line Items]
Senior notes	$ 990		990
Series FF Notes, interest rate of 4.6%, face amount of $1,000, maturing June 15, 2030 (effective interest rate of 4.8%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.60%
Senior notes, face amount	$ 1,000
Effective interest rate	4.80%
Series GG Notes, interest rate of 3.5%, face amount of $1,000, maturing October 15, 2032 (effective interest rate of 3.7%)
Debt Instrument [Line Items]
Senior notes	$ 988		988
Series GG Notes, interest rate of 3.5%, face amount of $1,000, maturing October 15, 2032 (effective interest rate of 3.7%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.50%
Senior notes, face amount	$ 1,000
Effective interest rate	3.70%
Series HH Notes, interest rate of 2.9%, face amount of $1,100, maturing April 15, 2031 (effective interest rate of 3.0%)
Debt Instrument [Line Items]
Senior notes	$ 1,092		1,091
Series HH Notes, interest rate of 2.9%, face amount of $1,100, maturing April 15, 2031 (effective interest rate of 3.0%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	2.90%
Senior notes, face amount	$ 1,100
Effective interest rate	3%
Series II Notes, interest rate of 2.8%, face amount of $700, maturing October 15, 2033 (effective interest rate of 2.8%)
Debt Instrument [Line Items]
Senior notes	$ 695		694
Series II Notes, interest rate of 2.8%, face amount of $700, maturing October 15, 2033 (effective interest rate of 2.8%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	2.80%
Senior notes, face amount	$ 700
Effective interest rate	2.80%
Series JJ Notes, interest rate of 5.0%, face amount of $1,000, maturing October 15, 2027 (effective interest rate of 5.4%)
Debt Instrument [Line Items]
Senior notes	$ 989		987
Series JJ Notes, interest rate of 5.0%, face amount of $1,000, maturing October 15, 2027 (effective interest rate of 5.4%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	5%
Senior notes, face amount	$ 1,000
Effective interest rate	5.40%
Series KK Notes, interest rate of 4.9%, face amount of $800, maturing April 15, 2029 (effective interest rate of 5.3%)
Debt Instrument [Line Items]
Senior notes	$ 786		785
Series KK Notes, interest rate of 4.9%, face amount of $800, maturing April 15, 2029 (effective interest rate of 5.3%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.90%
Senior notes, face amount	$ 800
Effective interest rate	5.30%
Series LL Notes, interest rate of 5.5%, face amount of $450, maturing September 15, 2026 (effective interest rate of 5.9%)
Debt Instrument [Line Items]
Senior notes	$ 446		445
Series LL Notes, interest rate of 5.5%, face amount of $450, maturing September 15, 2026 (effective interest rate of 5.9%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.50%
Senior notes, face amount	$ 450
Effective interest rate	5.90%
Series MM Notes, interest rate of 5.6%, face amount of $700, maturing October 15, 2028 (effective interest rate of 5.9%)
Debt Instrument [Line Items]
Senior notes	$ 692		691
Series MM Notes, interest rate of 5.6%, face amount of $700, maturing October 15, 2028 (effective interest rate of 5.9%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.60%
Senior notes, face amount	$ 700
Effective interest rate	5.90%
Series NN Notes, interest rate of 4.9%, face amount of $500, maturing May 15, 2029 (effective interest rate of 5.3%)
Debt Instrument [Line Items]
Senior notes	$ 490		0
Series NN Notes, interest rate of 4.9%, face amount of $500, maturing May 15, 2029 (effective interest rate of 5.3%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.90%	4.875%
Senior notes, face amount	$ 500	$ 500
Effective interest rate	5.30%
Series OO Notes, interest rate of 5.3%, face amount of $1,000, maturing May 15, 2034 (effective interest rate of 5.6%)
Debt Instrument [Line Items]
Senior notes	$ 979		$ 0
Series OO Notes, interest rate of 5.3%, face amount of $1,000, maturing May 15, 2034 (effective interest rate of 5.6%) | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.30%	5.30%
Senior notes, face amount	$ 1,000	$ 1,000
Effective interest rate	5.60%

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Feb. 29, 2024	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Interest paid, net of amounts capitalized		$ 303	$ 196
Maximum aggregate borrowings under credit facility (up to)		4,500
Series NN And OO Notes | Senior Notes
Debt Instrument [Line Items]
Proceeds from debt	$ 1,468
Series NN Notes, interest rate of 4.9%, face amount of $500, maturing May 15, 2029 (effective interest rate of 5.3%) | Senior Notes
Debt Instrument [Line Items]
Senior notes, face amount	$ 500	$ 500
Interest rate	4.875%	4.90%
Series OO Notes, interest rate of 5.3%, face amount of $1,000, maturing May 15, 2034 (effective interest rate of 5.6%) | Senior Notes
Debt Instrument [Line Items]
Senior notes, face amount	$ 1,000	$ 1,000
Interest rate	5.30%	5.30%

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	$ 146	$ 138
Commercial paper	(1,763)	(1,421)
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	146	138
Total noncurrent financial assets	146	138
Senior Notes	(10,277)	(9,720)
Commercial paper	(1,763)	(1,421)
Total noncurrent financial liabilities	(12,040)	(11,141)
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	142	131
Total noncurrent financial assets	142	131
Senior Notes	(9,841)	(9,393)
Commercial paper	(1,763)	(1,421)
Total noncurrent financial liabilities	$ (11,604)	$ (10,814)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT - Accumulated Other Comprehensive (Loss) Income Activity (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	$ (1,616)	$ (682)	$ 140	$ 568	$ (682)	$ 568
Other comprehensive income before reclassifications					(254)	11
Reclassification adjustments					(4)	2
Total other comprehensive (loss) income, net of tax	(111)	(147)	(69)	82	(258)	13
Balance at end of period	(2,091)	(1,616)	(224)	140	(2,091)	(224)
Intra-entity foreign currency long-term-investment (losses) gains					21	(14)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	(794)	(647)	(647)	(729)	(647)	(729)
Total other comprehensive (loss) income, net of tax	(111)	(147)	(69)	82
Balance at end of period	(905)	(794)	(716)	(647)	(905)	(716)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period		(654)		(740)	(654)	(740)
Other comprehensive income before reclassifications					(271)	7
Reclassification adjustments					0	0
Total other comprehensive (loss) income, net of tax					(271)	7
Balance at end of period	(925)		(733)		(925)	(733)
Other Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period		$ 7		$ 11	7	11
Other comprehensive income before reclassifications					17	4
Reclassification adjustments					(4)	2
Total other comprehensive (loss) income, net of tax					13	6
Balance at end of period	$ 20		$ 17		$ 20	$ 17

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT - Changes in Stockholders' Equity (Deficit) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Stockholders Equity Note [Line Items]
Cash dividends (in USD per share)	$ 0.63	$ 0.52	$ 0.52	$ 0.40
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	$ (1,616)	$ (682)	$ 140	$ 568	$ (682)	$ 568
Net income	772	564	726	757	1,336	1,483
Other comprehensive loss	(111)	(147)	(69)	82	(258)	13
Dividends	(179)	(151)	(157)	(124)
Stock-based compensation plans	53	(36)	48	(34)
Purchase of treasury stock	(1,010)	(1,164)	(912)	(1,109)
Balance at end of period	(2,091)	(1,616)	(224)	140	(2,091)	(224)
Class A Common Stock
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	$ 5	$ 5	$ 5	$ 5	$ 5	$ 5
Balance at beginning of period (in shares)	287	290.5	304.7	310.6	290.5	310.6
Stock-based compensation plans (in shares)		1.3	0.1	0.9
Purchase of treasury stock (in shares)	(4.1)	(4.8)	(5.2)	(6.8)
Balance at end of period	$ 5	$ 5	$ 5	$ 5	$ 5	$ 5
Balance at end of period (in shares)	282.9	287	299.6	304.7	282.9	299.6
Additional Paid-in-Capital
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	$ 5,978	$ 6,051	$ 5,906	$ 5,965	$ 6,051	$ 5,965
Stock-based compensation plans	52	(73)	46	(59)
Balance at end of period	6,030	5,978	5,952	5,906	6,030	5,952
Retained Earnings
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	15,251	14,838	12,975	12,342	14,838	12,342
Net income	772	564	726	757
Dividends	(179)	(151)	(157)	(124)
Balance at end of period	15,844	15,251	13,544	12,975	15,844	13,544
Treasury Stock, at Cost
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	(22,056)	(20,929)	(18,099)	(17,015)	(20,929)	(17,015)
Stock-based compensation plans	1	37	2	25
Purchase of treasury stock	(1,010)	(1,164)	(912)	(1,109)
Balance at end of period	(23,065)	(22,056)	(19,009)	(18,099)	(23,065)	(19,009)
Accumulated Other Comprehensive Loss
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at beginning of period	(794)	(647)	(647)	(729)	(647)	(729)
Other comprehensive loss	(111)	(147)	(69)	82
Balance at end of period	$ (905)	$ (794)	$ (716)	$ (647)	$ (905)	$ (716)

CONTRACTS WITH CUSTOMERS (Detai

CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Allowance for credit loss	$ 207	$ 197
Loyalty program
Disaggregation of Revenue [Line Items]
Increase (decrease) in deferred revenue	319
Contract with customer liability	7,325	$ 7,006
Deferred revenue recognized	$ 1,645

BUSINESS SEGMENTS - Segment Rev

BUSINESS SEGMENTS - Segment Revenues (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reporting segments | segment			4
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 6,439	$ 6,075	$ 12,416	$ 11,690
Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	5,766	5,443	11,149	10,516
Total segment | U.S. & Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	4,765	4,502	9,255	8,780
Total segment | EMEA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	629	588	1,140	1,059
Total segment | Greater China
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	140	154	288	285
Total segment | APEC
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	232	199	466	392
Unallocated corporate and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	673	632	1,267	1,174
Net fee revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	1,343	1,250	2,553	2,383
Contract investment amortization	(27)	(22)	(50)	(43)
Revenue	1,316	1,228	2,503	2,340
Net fee revenues | Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	1,085	1,015	2,037	1,916
Contract investment amortization	(26)	(21)	(47)	(41)
Revenue	1,059	994	1,990	1,875
Net fee revenues | Total segment | U.S. & Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	798	751	1,480	1,423
Contract investment amortization	(21)	(17)	(38)	(33)
Revenue	777	734	1,442	1,390
Net fee revenues | Total segment | EMEA
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	154	133	272	238
Contract investment amortization	(4)	(3)	(7)	(6)
Revenue	150	130	265	232
Net fee revenues | Total segment | Greater China
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	59	68	124	125
Contract investment amortization	0	0	0	0
Revenue	59	68	124	125
Net fee revenues | Total segment | APEC
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross fee revenues	74	63	161	130
Contract investment amortization	(1)	(1)	(2)	(2)
Revenue	73	62	159	128
Owned, leased, and other revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	395	390	752	746
Owned, leased, and other revenue | Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	310	309	575	573
Owned, leased, and other revenue | Total segment | U.S. & Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	111	116	219	233
Owned, leased, and other revenue | Total segment | EMEA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	157	151	275	264
Owned, leased, and other revenue | Total segment | Greater China
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	6	5	13	9
Owned, leased, and other revenue | Total segment | APEC
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	36	37	68	67
Cost reimbursement revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	4,728	4,457	9,161	8,604
Cost reimbursement revenue | Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	4,397	4,140	8,584	8,068
Cost reimbursement revenue | Total segment | U.S. & Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	3,877	3,652	7,594	7,157
Cost reimbursement revenue | Total segment | EMEA
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	322	307	600	563
Cost reimbursement revenue | Total segment | Greater China
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	75	81	151	151
Cost reimbursement revenue | Total segment | APEC
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 123	$ 100	$ 239	$ 197

BUSINESS SEGMENTS - Segment Pro

BUSINESS SEGMENTS - Segment Profits (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	$ 1,195		$ 1,096		$ 2,071	$ 2,047
Interest expense, net of interest income	(164)		(141)		(317)	(252)
Provision for income taxes	(268)		(238)		(431)	(325)
NET INCOME	772	$ 564	726	$ 757	1,336	1,483
Total segment | U.S. & Canada
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	787		756		1,412	1,413
Total segment | EMEA
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	153		132		234	210
Total segment | Greater China
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	47		59		98	105
Total segment | APEC
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	62		57		134	113
Unallocated corporate and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segments profits	$ 155		$ 101		$ 206	$ 219