Hyatt Hotels (H) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
Entity File Number	001-34521
Entity Registrant Name	HYATT HOTELS CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1480589
Entity Address, Address Line One	150 North Riverside Plaza
Entity Address, Address Line Two	8th Floor
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60606
City Area Code	312
Local Phone Number	750-1234
Title of 12(b) Security	Class A common stock
Trading Symbol	H
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001468174
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A
Document Information
Entity Common Stock, Shares Outstanding		38,457,392
Common Class B
Document Information
Entity Common Stock, Shares Outstanding		62,696,948

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
REVENUES:
Total revenues	$ 250	$ 1,289	$ 1,243	$ 2,530
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Depreciation and amortization	73	83	153	163
Other direct costs	7	30	41	75
Selling, general, and administrative	101	95	148	223
Direct and selling, general, and administrative expenses	508	1,208	1,496	2,423
Net gains and interest income from marketable securities held to fund rabbi trusts	49	11	1	41
Equity earnings (losses) from unconsolidated hospitality ventures	(23)	6	(25)	3
Interest expense	(35)	(20)	(52)	(39)
Gains on sales of real estate	0	0	8	1
Asset impairments	(49)	(1)	(52)	(4)
Other income (loss), net	(14)	28	(95)	79
INCOME (LOSS) BEFORE INCOME TAXES	(330)	105	(468)	188
BENEFIT (PROVISION) FOR INCOME TAXES	94	(19)	129	(39)
NET INCOME (LOSS)	(236)	86	(339)	149
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (236)	$ 86	$ (339)	$ 149
EARNINGS (LOSSES) PER SHARE—Basic
Net income (loss) (in dollars per share)	$ (2.33)	$ 0.81	$ (3.35)	$ 1.41
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	(2.33)	0.81	(3.35)	1.41
EARNINGS (LOSSES) PER SHARE—Diluted
Net income (loss) (in dollars per share)	(2.33)	0.80	(3.35)	1.39
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	$ (2.33)	$ 0.80	$ (3.35)	$ 1.39
Owned and leased hotels
REVENUES:
Total revenues	$ 19	$ 490	$ 342	$ 960
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	92	367	364	724
Costs incurred on behalf of managed and franchised properties	92	367	364	724
Management, franchise, and other fees
REVENUES:
Total revenues	20	158	128	299
Amortization of management and franchise agreement assets constituting payments to customers
REVENUES:
Total revenues	(7)	(6)	(13)	(11)
Net management, franchise, and other fees
REVENUES:
Total revenues	13	152	115	288
Other revenues
REVENUES:
Total revenues	3	28	38	73
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
REVENUES:
Total revenues	215	619	748	1,209
Costs incurred on behalf of managed and franchised properties
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	235	633	790	1,238
Costs incurred on behalf of managed and franchised properties	$ 235	$ 633	$ 790	$ 1,238

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (236)	$ 86	$ (339)	$ 149
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax expense of $- for the three and six months ended June 30, 2020 and June 30, 2019	19	6	(32)	0
Unrealized losses on derivative activity, net of tax benefit of $- and $(9) for the three and six months ended June 30, 2020 and $(3) and $(4) for the three and six months ended June 30, 2019, respectively	(1)	(8)	(26)	(12)
Other comprehensive income (loss)	18	(2)	(58)	(12)
COMPREHENSIVE INCOME (LOSS)	(218)	84	(397)	137
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (218)	$ 84	$ (397)	$ 137

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - Parentheticals - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, net of tax (benefit)	$ 0	$ 0	$ 0	$ 0
Unrealized gains on derivative activity, net of tax expense	$ 0	$ (3)	$ (9)	$ (4)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020		Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,438		$ 893
Restricted cash	21	[1]	150
Short-term investments	65		68
Receivables, net of allowances of $38 and $32 at June 30, 2020 and December 31, 2019, respectively	313		421
Inventories	11		12
Prepaids and other assets	53		134
Prepaid income taxes	37		28
Total current assets	1,938		1,706
Equity method investments	259		232
Property and equipment, net	3,237		3,456
Financing receivables, net of allowances of $105 and $100 at June 30, 2020 and December 31, 2019, respectively	33		35
Operating lease right-of-use assets	473		493
Goodwill	288		326
Intangibles, net	418		437
Deferred tax assets	223		144
Other assets	1,711		1,588
TOTAL ASSETS	8,580		8,417
CURRENT LIABILITIES:
Current maturities of long-term debt	9		11
Accounts payable	93		150
Accrued expenses and other current liabilities	223		304
Current contract liabilities	248		445
Accrued compensation and benefits	97		144
Current operating lease liabilities	31		32
Total current liabilities	701		1,086
Long-term debt	2,491		1,612
Long-term contract liabilities	647		475
Long-term operating lease liabilities	382		393
Other long-term liabilities	866		884
Total liabilities	5,087		4,450
Commitments and contingencies (see Note 13)
EQUITY:
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding as of June 30, 2020 and December 31, 2019	0		0
Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 38,114,681 issued and outstanding at June 30, 2020, and Class B common stock, $0.01 par value per share, 395,022,443 shares authorized, 63,028,031 shares issued and outstanding at June 30, 2020. Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 36,109,179 issued and outstanding at December 31, 2019, and Class B common stock, $0.01 par value per share, 397,457,686 shares authorized, 65,463,274	1		1
Additional paid-in capital	3		0
Retained earnings	3,753		4,170
Accumulated other comprehensive loss	(267)		(209)
Total stockholders' equity	3,490		3,962
Noncontrolling interests in consolidated subsidiaries	3		5
Total equity	3,493		3,967
TOTAL LIABILITIES AND EQUITY	$ 8,580		$ 8,417
[1]	Restricted cash generally represents sales proceeds pursuant to like-kind exchanges, debt service on bonds, escrow deposits, and other arrangements.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet - Parentheticals - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts receivable, current	$ 38	$ 32
Financing receivable, allowance for credit loss	$ 105	$ 100
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares, issued (in shares)	0
Common Class A
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares, outstanding (in shares)	38,114,681	36,109,179
Common stock, shares, issued (in shares)	38,114,681	36,109,179
Common Class B
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	395,022,443	397,457,686
Common stock, shares, outstanding (in shares)	63,028,031	65,463,274
Common stock, shares, issued (in shares)	63,028,031	65,463,274

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (339)	$ 149
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gains on sales of real estate	(8)	(1)
Depreciation and amortization	153	163
Release of contingent consideration liability	0	(27)
Amortization of share awards	20	27
Amortization of operating lease right-of-use assets	16	17
Deferred income taxes	(53)	4
Asset impairments	52	4
Equity (earnings) losses from unconsolidated hospitality ventures	25	(3)
Amortization of management and franchise agreement assets constituting payments to customers	13	11
Unrealized (gains) losses, net	44	(20)
Working capital changes and other	(253)	(145)
Net cash provided by (used in) operating activities	(330)	179
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments	(300)	(110)
Proceeds from marketable securities and short-term investments	307	165
Contributions to equity method and other investments	(47)	(16)
Return of equity method and other investments	2	24
Acquisitions, net of cash acquired	0	(18)
Capital expenditures	(88)	(146)
Proceeds from sales of real estate, net of cash disposed	78	0
Other investing activities	4	6
Net cash used in investing activities	(44)	(95)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of issuance costs of $10 and $-, respectively	1,290	120
Repayments of debt	(401)	(42)
Repurchases of common stock	(69)	(147)
Contingent consideration paid	0	(24)
Dividends paid	(20)	(40)
Other financing activities	(14)	(10)
Net cash provided by (used in) financing activities	786	(143)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	4	4
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	416	(55)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR	1,063	622
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD	1,479	567
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Total cash, cash equivalents, and restricted cash	1,479	567
Cash paid during the period for interest	37	41
Cash paid during the period for income taxes	31	34
Cash paid for amounts included in the measurement of operating lease liabilities	22	24
Non-cash investing and financing activities are as follows:
Non-cash contributions to equity method and other investments (see Note 7, Note 13)	33	5
Change in accrued capital expenditures	4	2
Non-cash right-of-use assets obtained in exchange for operating lease liabilities (see Note 7)	$ 5	$ 5

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - Parenthetical - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Debt issuance cost	$ 10	$ 0

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock Amount	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests in Consolidated Subsidiaries	Common Class A	Common Class ACommon Stock Amount	Common Class B	Common Class BCommon Stock Amount	Cumulative effect of accounting changes, net of tax (see Note 3)	Cumulative effect of accounting changes, net of tax (see Note 3)Retained Earnings	Cumulative Effect Period Of Adoption, Adjusted Balance	Cumulative Effect Period Of Adoption, Adjusted BalanceCommon Stock Amount	Cumulative Effect Period Of Adoption, Adjusted BalanceAdditional Paid-in Capital	Cumulative Effect Period Of Adoption, Adjusted BalanceRetained Earnings	Cumulative Effect Period Of Adoption, Adjusted BalanceAccumulated Other Comprehensive Loss	Cumulative Effect Period Of Adoption, Adjusted BalanceNoncontrolling Interests in Consolidated Subsidiaries
Balance, beginning of period (in shares) at Dec. 31, 2018								39,507,817		67,115,828
Balance, beginning of period at Dec. 31, 2018	$ 3,677	$ 1	$ 50	$ 3,819	$ (200)	$ 7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	53			63	(10)
Noncontrolling interests	(1)					(1)
Repurchase of common stock (in shares)								(1,452,858)
Repurchase of common stock	(102)		(71)	(31)
Employee stock plan issuance (in shares)								19,245
Employee stock plan issuance	1		1
Share-based payment activity (in shares)								326,972
Share-based payment activity	20		20
Cash dividends	(20)			(20)
Balance, end of period (in shares) at Mar. 31, 2019								38,401,176		67,115,828
Balance, end of period at Mar. 31, 2019	3,628	1	0	3,831	(210)	6
Balance, beginning of period (in shares) at Dec. 31, 2018								39,507,817		67,115,828
Balance, beginning of period at Dec. 31, 2018	3,677	1	50	3,819	(200)	7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	137
Cash dividends	(40)						$ (14)		$ (26)
Balance, end of period (in shares) at Jun. 30, 2019								37,867,014		67,115,828
Balance, end of period at Jun. 30, 2019	3,647	1	0	3,853	(212)	5
Balance, beginning of period (in shares) at Mar. 31, 2019								38,401,176		67,115,828
Balance, beginning of period at Mar. 31, 2019	3,628	1	0	3,831	(210)	6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	84			86	(2)
Noncontrolling interests	(1)					(1)
Repurchase of common stock (in shares)								(599,678)
Repurchase of common stock	(45)		(1)	(44)
Directors compensation	1		1
Employee stock plan issuance (in shares)								20,523
Employee stock plan issuance	1		1
Share-based payment activity (in shares)								44,993
Share-based payment activity	(1)		(1)
Cash dividends	(20)			(20)			(7)		(13)
Balance, end of period (in shares) at Jun. 30, 2019								37,867,014		67,115,828
Balance, end of period at Jun. 30, 2019	3,647	1	0	3,853	(212)	5
Balance, beginning of period (in shares) at Dec. 31, 2019								36,109,179		65,463,274
Balance, beginning of period at Dec. 31, 2019	3,967	1	0	4,170	(209)	5					$ (1)	$ (1)	$ 3,966	$ 1	$ 0	$ 4,169	$ (209)	$ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	(179)			(103)	(76)
Noncontrolling interests	(2)					(2)
Repurchase of common stock (in shares)								(827,643)
Repurchase of common stock	(69)		(12)	(57)
Employee stock plan issuance (in shares)								16,654
Employee stock plan issuance	1		1
Share-based payment activity (in shares)								271,863
Share-based payment activity	11		11
Cash dividends	(20)			(20)
Balance, end of period (in shares) at Mar. 31, 2020								35,570,053		65,463,274
Balance, end of period at Mar. 31, 2020	3,708	1	0	3,989	(285)	3
Balance, beginning of period (in shares) at Dec. 31, 2019								36,109,179		65,463,274
Balance, beginning of period at Dec. 31, 2019	3,967	1	0	4,170	(209)	5					$ (1)	$ (1)	$ 3,966	$ 1	$ 0	$ 4,169	$ (209)	$ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	(397)
Cash dividends	(20)						(7)		(13)
Balance, end of period (in shares) at Jun. 30, 2020								38,114,681		63,028,031
Balance, end of period at Jun. 30, 2020	3,493	1	3	3,753	(267)	3
Balance, beginning of period (in shares) at Mar. 31, 2020								35,570,053		65,463,274
Balance, beginning of period at Mar. 31, 2020	3,708	1	0	3,989	(285)	3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	(218)			(236)	18
Employee stock plan issuance (in shares)								35,338
Employee stock plan issuance	2		2
Share-based payment activity (in shares)								74,047
Share-based payment activity	1		1
Class share conversions								2,435,243		(2,435,243)
Cash dividends	0						$ 0		$ 0
Balance, end of period (in shares) at Jun. 30, 2020								38,114,681		63,028,031
Balance, end of period at Jun. 30, 2020	$ 3,493	$ 1	$ 3	$ 3,753	$ (267)	$ 3

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Changes in Stockholders' Equity - Parenthetical - $ / shares	Mar. 09, 2020	Jun. 10, 2019	Mar. 11, 2019	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividend (in dollars per share)	$ 0.20	$ 0.19	$ 0.19	$ 0.20	$ 0.19	$ 0.19

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	ORGANIZATION Hyatt Hotels Corporation, a Delaware corporation, and its consolidated subsidiaries (collectively "Hyatt Hotels Corporation") provide hospitality and other services on a worldwide basis through the development, ownership, operation, management, franchising, and licensing of hospitality and wellness-related businesses. We develop, own, operate, manage, franchise, license, or provide services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts, and other properties, including branded spas and fitness studios, timeshare, fractional, and other forms of residential, vacation, and condominium ownership units. At June 30, 2020 , (i) we operated or franchised 455 full service hotels, comprising 156,927 rooms throughout the world, (ii) we operated or franchised 476 select service hotels, comprising 68,271 rooms, of which 406 hotels are located in the United States, and (iii) we franchised 8 all-inclusive Hyatt-branded resorts, comprising 3,153 rooms. At June 30, 2020 , our portfolio of properties operated in 65 countries around the world. Additionally, through strategic relationships, we provide certain reservation and/or loyalty program services to hotels that are unaffiliated with our hotel portfolio and operate under other tradenames or marks owned by such hotel or licensed by third parties. As used in these Notes and throughout this Quarterly Report on Form 10-Q , (i) the terms "Hyatt," "Company," "we," "us," or "our" mean Hyatt Hotels Corporation and its consolidated subsidiaries, (ii) the term "properties" refers to hotels, resorts, and other properties, including branded spas and fitness studios, and residential, vacation, and condominium ownership units that we develop, own, operate, manage, franchise, or to which we provide services or license our trademarks, (iii) "Hyatt portfolio of properties" or "portfolio of properties" refers to hotels, resorts, and other properties that we develop, own, operate, manage, franchise, license, or provide services to, including under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, Joie de Vivre, Hyatt House, Hyatt Place, tommie, Hyatt Residence Club, and Exhale brands, (iv) the term "worldwide hotel portfolio" includes our full service hotels, including our wellness resorts, and our select service hotels, and (v) the term "worldwide property portfolio" includes our all-inclusive resorts, branded spas and fitness studios, and residential, vacation, and condominium ownership units in addition to our worldwide hotel portfolio. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q , and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements. As a result, this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the " 2019 Form 10-K "). We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary. Management believes the accompanying condensed consolidated financial statements reflect all adjustments, which are all of a normal recurring nature, considered necessary for a fair presentation of the interim periods.

Impact of the COVID-19 Pandemic

Impact of the COVID-19 Pandemic	6 Months Ended
	Jun. 30, 2020
Unusual or Infrequent Items, or Both [Abstract]
Impact of the COVID-19 Pandemic	IMPACT OF THE COVID-19 PANDEMIC Overview The COVID-19 pandemic and related travel restrictions and containment efforts have had a significant impact on the travel industry and, as a result, on our business. The impact began in the first quarter of 2020 and has continued into the second and third quarters. As a result, this interim period, as well as future periods, are unlikely to be comparable to past performance or indicative of future performance. Financial Impact We evaluate our goodwill and indefinite-lived intangible assets for impairment annually during the fourth quarter of each year and at interim dates, if indicators of impairment exist. Given the impact the COVID-19 pandemic is having on our industry, we concluded that indicators of impairment existed at June 30, 2020 for certain reporting units, and we updated our previous cash flow assumptions based on the current demand trends, historical experiences, and our future expectations for these reporting units. Our assumptions are subject to inherent risk and uncertainty due to the restrictive measures imposed by governments and other authorities around the world intended to control the spread of COVID-19, consumer confidence levels, and the ongoing impact of the COVID-19 pandemic on the hospitality industry. Based on our discounted cash flow analyses, the carrying values of the reporting units were in excess of the fair values, which were determined to be Level Three fair value measurements, and we recognized $38 million of goodwill impairment charges during the three months ended June 30, 2020 . The impairment charges were recognized in asset impairments on our condensed consolidated statements of income (loss) within the owned and leased hotels segment (see Note 8 ). We concluded that our indefinite-lived intangible assets are not impaired at June 30, 2020 . We will continue to monitor the impact the COVID-19 pandemic is having on our business and the valuations of our goodwill and indefinite-lived intangible assets. We evaluate property and equipment, operating lease right-of-use assets, definite-lived intangible assets, and equity method investments for impairment quarterly. As a result of the current economic environment, we assessed the recoverability of the net book value of property and equipment, operating lease right-of-use assets, and definite-lived intangible assets and determined that the carrying value of certain assets were not fully recoverable. We then estimated the fair value of these assets and determined that the carrying values were in excess of the fair values. Our analyses incorporated cash flow assumptions based on current economic trends, historical experience, and future growth projections, and the fair value measurements were determined to be Level Three fair value measurements. Based on our analyses and contract terminations, we recognized $ 11 million and $14 million of impairment charges for the three and six months ended June 30, 2020 , respectively, of property and equipment, operating lease right-of-use assets, and management agreement intangibles. The impairment charges were recognized in asset impairments on our condensed consolidated statements of income (loss), primarily within corporate and other. For our equity method investments, we considered the impact on the underlying operations of the investments to determine whether there were any indications that the decline in value was other than temporary, and none were identified. In assessing our financial assets for credit losses, we considered the impact of the COVID-19 pandemic. As a result of our analysis, during the three and six months ended June 30, 2020 , we recognized $10 million and $13 million , respectively, of accounts receivable reserves in selling, general, and administrative expenses on our condensed consolidated statements of income (loss). During the three and six months ended June 30, 2020 , we recognized $1 million and $5 million , respectively, of interest income related to certain of our held-to-maturity ("HTM") debt securities and financing receivables, and we also recognized offsetting credit loss allowances in the same periods in other income (loss), net on our condensed consolidated statements of income (loss) (see Notes 5 and 6 ). During the three and six months ended June 30, 2020 , we recognized a $13 million credit loss reserve related to a debt repayment guarantee, which has not been funded, in other income (loss), net on our condensed consolidated statements of income (loss) (see Note 13 ). We will continue to monitor our financial assets for potential credit risk as the impact of the COVID-19 pandemic evolves.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Summary of Significant Accounting Policies Our significant accounting policies are detailed in Part IV, Item 15, "Exhibits and Financial Statement Schedule—Note 2 to our Consolidated Financial Statements" within the 2019 Form 10-K. Upon adoption of Accounting Standards Update No. 2016-13 ("ASU 2016-13"), Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, our accounting policies have been updated as follows: Debt and Equity Securities —Excluding equity method investments, debt and equity securities consist of various investments: • Equity securities consist of interest-bearing money market funds, mutual funds, common shares, and preferred shares. Equity securities with a readily determinable fair value are recorded at fair value on our condensed consolidated balance sheets based on listed market prices or dealer quotations where available. Equity securities without a readily determinable fair value are recorded at cost less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Net gains and losses, both realized and unrealized, and impairment charges on equity securities are recognized in other income (loss), net on our condensed consolidated statements of income (loss). • Debt securities include preferred shares, time deposits, and fixed income securities, including U.S. government obligations, obligations of other government agencies, corporate debt, mortgage-backed and asset-backed securities, and municipal and provincial notes and bonds. Debt securities are classified as trading, available-for-sale ("AFS"), or held-to-maturity. • Trading securities—recorded at fair value based on listed market prices or dealer price quotations, where available. Net gains and losses, both realized and unrealized, on trading securities are recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts or other income (loss), net, depending on the nature of the investment, on our condensed consolidated statements of income (loss). • AFS securities—recorded at fair value based on listed market prices or dealer price quotations, where available. Unrealized gains and losses on AFS debt securities are recognized in accumulated other comprehensive loss on our condensed consolidated balance sheets. Realized gains and losses on debt securities are recognized in other income (loss), net on our condensed consolidated statements of income (loss). AFS securities are assessed quarterly for expected credit losses which are recognized in other income (loss), net on our condensed consolidated statements of income (loss). In determining the reserve for credit losses, we evaluate AFS securities at the individual security level and consider our investment strategy, current market conditions, financial strength of the underlying investments, term to maturity, credit rating, and our intent and ability to sell the securities. • HTM securities—investments that we have the intent and ability to hold until maturity are recorded at amortized cost, net of expected credit losses. HTM securities are assessed for expected credit losses quarterly, and credit losses are recognized in other income (loss), net on our condensed consolidated statements of income (loss). We evaluate HTM securities individually when determining the reserve for credit losses due to the unique risks associated with each security. In determining the reserve for credit losses, we consider the financial strength of the underlying assets including the current and forecasted performance of the property, term to maturity, credit quality of the owner, and current market conditions. We classify debt securities as current or long-term, based on their contractual maturity dates and our intent and ability to hold. Our preferred shares earn a return that is recognized as interest income in other income (loss), net . For additional information about debt and equity securities, see Note 5 . Financing Receivables —Financing receivables represent contractual rights to receive money either on demand or on fixed or determinable dates and are recorded on our condensed consolidated balance sheets at amortized cost, net of expected credit losses. We recognize interest as earned and include accrued interest in the amortized cost basis of the asset. Our financing receivables are composed of individual, unsecured loans and other types of unsecured financing arrangements provided to hotel owners. These financing receivables generally have stated maturities and interest rates, but the repayment terms vary and may be dependent on future cash flows of the hotel. We individually assess all financing receivables for credit losses quarterly and establish a reserve to reflect the net amount expected to be collected. We estimate credit losses based on an analysis of several factors, including current economic conditions, industry trends, and specific risk characteristics of the financing receivable, including capital structure, loan performance, market factors, and the underlying hotel performance. Adjustments to credit allowances on financing receivables are recognized in other income (loss), net on our condensed consolidated statements of income (loss). We evaluate accrued interest allowances separately from the financing receivable assets. On an ongoing basis, we monitor the credit quality of our financing receivables based on historical and expected future payment activity. We determine our financing to hotel owners to be non-performing if interest or principal is greater than 90 days past due based on the contractual terms of the individual financing receivables or if an allowance has been established for our other financing arrangements with that borrower. If we consider a financing receivable to be non-performing, we place the financing receivable on non-accrual status. For financing receivables on non-accrual status, we recognize interest income in other income (loss), net in our condensed consolidated statements of income (loss) when cash is received. Accrual of interest income is resumed and potential reversal of any associated allowance for credit loss occurs when the receivable becomes contractually current and collection doubts are removed. After an allowance for credit losses has been established, we may determine the receivable balance is uncollectible when all commercially reasonable means of recovering the receivable balance have been exhausted. We write-off uncollectible balances by reversing the financing receivable and the related allowance for credit losses. For additional information about financing receivables, see Note 6 . Accounts Receivables —Our accounts receivables primarily consist of trade receivables due from guests for services rendered at our owned and leased properties and from hotel owners with whom we have management and franchise agreements for services rendered and for reimbursements of costs incurred on behalf of managed and franchised properties. We assess all accounts receivables for credit losses quarterly and establish a reserve to reflect the net amount expected to be collected. The credit loss reserve is based on an assessment of historical collection activity, the nature of the receivable, geographic considerations, and the current business environment. The allowance for credit losses is recognized in owned and leased hotels expense or selling, general, and administrative expense on our condensed consolidated statements of income (loss), based on the nature of the receivable. Guarantees —We enter into performance guarantees related to certain hotels we manage. We also enter into debt repayment and other guarantees with respect to unconsolidated hospitality ventures, certain managed hotels, and other properties. We record a liability for the fair value of these guarantees at their inception date. In order to estimate the fair value, we use a Monte Carlo simulation to model the probability of possible outcomes. The valuation methodology requires that we make certain assumptions and judgments regarding discount rates, volatility, hotel operating results, and hotel property sales prices. The fair value is not re-valued due to future changes in assumptions. The corresponding offset depends on the circumstances in which the guarantee was issued and is recorded to equity method investments, other assets, or expenses. We amortize the liability for the fair value of a guarantee into income over the term of the guarantee using a systematic and rational, risk-based approach. Guarantees related to our managed hotels and other properties are amortized into income in other income (loss), net in our condensed consolidated statements of income (loss). Guarantees related to our unconsolidated hospitality ventures are amortized into equity earnings (losses) from unconsolidated hospitality ventures in our condensed consolidated statements of income (loss). • Performance and other guarantees—On a quarterly basis, we evaluate the likelihood of funding under a guarantee. To the extent we determine an obligation to fund is both probable and estimable based on performance during the period, we record a separate contingent liability with the offset recognized in other income (loss), net. • Debt repayment guarantees—At inception of the guarantee and on a quarterly basis, we evaluate the risk of funding under a guarantee. We assess credit risk based on the current and forecasted performance of the underlying property, whether the property owner is current on debt service, the historical performance of the underlying property, and the current market, and we record a separate liability with an offset recognized in other income (loss), net or equity earnings (losses) from unconsolidated hospitality ventures as necessary. For additional information about guarantees, see Note 13 . Adopted Accounting Standards Financial Instruments — Credit Losses —In June 2016, the Financial Accounting Standards Board ("FASB") released ASU 2016-13. ASU 2016-13 replaces the existing impairment model for most financial assets from an incurred loss model to a current expected credit loss model, which requires an entity to recognize allowances for credit losses equal to its current estimate of all contractual cash flows the entity does not expect to collect. ASU 2016-13 also requires credit losses relating to AFS debt securities to be recognized through an allowance for credit losses. We adopted ASU 2016-13 on January 1, 2020 utilizing the modified retrospective approach. Upon adoption, we recorded an adjustment of $1 million , net of tax, to opening retained earnings related to our credit allowance for accounts receivables, a $12 million increase to our HTM debt securities, and a corresponding $12 million credit loss allowance on our condensed consolidated balance sheets. The adoption of ASU 2016-03 did not materially affect our condensed consolidated statements of income (loss) or our condensed consolidated statements of cash flows, and the adoption adjustments do not reflect the impact of the COVID-19 pandemic, see Note 2. Future Adoption of Accounting Standards Reference Rate Reform —In March 2020, the FASB issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London interbank offered rate for deposits of U.S. dollars or another reference rate expected to be discontinued because of reference rate reform. The relief provided in ASU 2020-04 is applicable to all entities, but is only available through December 31, 2022. We are still assessing the impact of adopting ASU 2020-04.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregated Revenues The following tables present our revenues disaggregated by the nature of the product or service: Three Months Ended June 30, 2020 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other Eliminations Total Rooms revenues $ 8 $ — $ — $ — $ — $ (1 ) $ 7 Food and beverage 3 — — — — — 3 Other 9 — — — — — 9 Owned and leased hotels 20 — — — — (1 ) 19 Base management fees — 4 3 1 — — 8 Incentive management fees — (3 ) — — — 1 (2 ) Franchise fees — 5 1 — — — 6 Other fees — 1 2 1 — — 4 License fees — 1 — — 3 — 4 Management, franchise, and other fees — 8 6 2 3 1 20 Amortization of management and franchise agreement assets constituting payments to customers — (4 ) (1 ) (2 ) — — (7 ) Net management, franchise, and other fees — 4 5 — 3 1 13 Other revenues — 2 — — 1 — 3 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 186 17 12 — — 215 Total $ 20 $ 192 $ 22 $ 12 $ 4 $ — $ 250 Six Months Ended June 30, 2020 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other Eliminations Total Rooms revenues $ 193 $ — $ — $ — $ — $ (8 ) $ 185 Food and beverage 108 — — — — — 108 Other 49 — — — — — 49 Owned and leased hotels 350 — — — — (8 ) 342 Base management fees — 48 9 8 — (10 ) 55 Incentive management fees — 1 3 2 — — 6 Franchise fees — 32 1 — — — 33 Other fees — 2 4 2 1 — 9 License fees — 9 8 — 8 — 25 Management, franchise, and other fees — 92 25 12 9 (10 ) 128 Amortization of management and franchise agreement assets constituting payments to customers — (8 ) (2 ) (3 ) — — (13 ) Net management, franchise, and other fees — 84 23 9 9 (10 ) 115 Other revenues — 29 — — 9 — 38 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 670 44 32 2 — 748 Total $ 350 $ 783 $ 67 $ 41 $ 20 $ (18 ) $ 1,243 Three Months Ended June 30, 2019 Owned and leased hotels (a) Americas management and franchising (a) ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other (a) Eliminations Total Rooms revenues $ 285 $ — $ — $ — $ — $ (9 ) $ 276 Food and beverage 167 — — — — — 167 Other 47 — — — — — 47 Owned and leased hotels 499 — — — — (9 ) 490 Base management fees — 62 10 9 — (13 ) 68 Incentive management fees — 19 17 9 — (6 ) 39 Franchise fees — 36 2 — — — 38 Other fees — 1 3 1 2 — 7 License fees — 1 — — 5 — 6 Management, franchise, and other fees — 119 32 19 7 (19 ) 158 Amortization of management and franchise agreement assets constituting payments to customers — (3 ) (1 ) (2 ) — — (6 ) Net management, franchise, and other fees — 116 31 17 7 (19 ) 152 Other revenues — 19 — — 8 1 28 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 575 26 17 1 — 619 Total $ 499 $ 710 $ 57 $ 34 $ 16 $ (27 ) $ 1,289 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Six Months Ended June 30, 2019 Owned and leased hotels (a) Americas management and franchising (a) ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other (a) Eliminations Total Rooms revenues $ 558 $ — $ — $ — $ — $ (16 ) $ 542 Food and beverage 327 — — — — — 327 Other 91 — — — — — 91 Owned and leased hotels 976 — — — — (16 ) 960 Base management fees — 119 22 17 — (27 ) 131 Incentive management fees — 33 34 17 — (11 ) 73 Franchise fees — 68 2 — — — 70 Other fees — 1 6 3 3 — 13 License fees — 2 — — 10 — 12 Management, franchise, and other fees — 223 64 37 13 (38 ) 299 Amortization of management and franchise agreement assets constituting payments to customers — (7 ) (1 ) (3 ) — — (11 ) Net management, franchise, and other fees — 216 63 34 13 (38 ) 288 Other revenues — 55 — — 17 1 73 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,123 50 34 2 — 1,209 Total $ 976 $ 1,394 $ 113 $ 68 $ 32 $ (53 ) $ 2,530 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Contract Balances Our contract assets were insignificant at June 30, 2020 and December 31, 2019 . At June 30, 2020 , the contract assets were included in receivables, net. As our profitability hurdles are generally calculated on a full-year basis, we expect our contract asset balance to be insignificant through year end. Contract liabilities are comprised of the following: June 30, 2020 December 31, 2019 Deferred revenue related to the loyalty program $ 713 $ 671 Advanced deposits 42 77 Initial fees received from franchise owners 41 41 Deferred revenue related to system-wide services 8 5 Other deferred revenue 91 126 Total contract liabilities $ 895 $ 920 The following table summarizes the activity in our contract liabilities: 2020 2019 Beginning balance, January 1 $ 920 $ 830 Cash received and other 246 247 Revenue recognized (262 ) (228 ) Ending balance, March 31 $ 904 $ 849 Cash received and other 65 243 Revenue recognized (74 ) (231 ) Ending balance, June 30 $ 895 $ 861 Revenue recognized during the three months ended June 30, 2020 and June 30, 2019 included in the contract liabilities balance at the beginning of each year was $21 million and $93 million , respectively. Revenue recognized during the six months ended June 30, 2020 and June 30, 2019 included in the contract liabilities balance at the beginning of the year was $158 million and $238 million , respectively. This revenue primarily relates to the loyalty program, which is recognized net of redemption reimbursements paid to third parties, and advanced deposits. Revenue Allocated to Remaining Performance Obligations Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted revenue expected to be recognized in future periods was approximately $130 million at June 30, 2020 , of which we expect to recognize approximately 15% as revenue over the next 12 months and the remainder thereafter. We did not estimate revenues expected to be recognized related to our unsatisfied performance obligations for the following: • Deferred revenue related to the loyalty program and revenue from base and incentive management fees as the revenue is allocated to a wholly unperformed performance obligation in a series; • Revenues related to royalty fees as they are considered sales-based royalty fees; • Revenues received for free nights granted through our co-branded credit cards as the awards are required to be redeemed within 12 months; and • Revenues related to advanced bookings at owned and leased hotels as each stay has a duration of 12 months or less.

Debt and Equity Securities

Debt and Equity Securities	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Debt and Equity Securities	DEBT AND EQUITY SECURITIES Equity Method Investments Equity method investments were $259 million and $232 million at June 30, 2020 and December 31, 2019 , respectively. The following table presents summarized financial information for all unconsolidated hospitality ventures in which we hold an investment accounted for under the equity method: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Total revenues (a) $ 67 $ 125 $ 184 $ 241 Gross operating profit (a) 11 49 45 88 Loss from continuing operations (a) (79 ) (1 ) (86 ) (11 ) Net loss (a) (79 ) (1 ) (86 ) (11 ) (a) The information above is based on the most recently available financial statements, which are reported on a lag of up to three months for certain of our equity method investments. . Marketable Securities We hold marketable securities with readily determinable fair values to fund certain operating programs and for investment purposes. We periodically transfer available cash and cash equivalents to purchase marketable securities for investment purposes. Marketable Securities Held to Fund Operating Programs —Marketable securities held to fund operating programs, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: June 30, 2020 December 31, 2019 Loyalty program (Note 9) $ 545 $ 483 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 453 450 Captive insurance companies 168 180 Total marketable securities held to fund operating programs 1,166 1,113 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets (189 ) (219 ) Marketable securities held to fund operating programs included in other assets $ 977 $ 894 Net realized and unrealized gains and interest income from marketable securities held to fund the loyalty program are recognized in other income (loss), net on our condensed consolidated statements of income (loss): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Loyalty program (Note 19) $ 12 $ 10 $ 23 $ 19 Net realized and unrealized gains (losses) and interest income from marketable securities held to fund rabbi trusts are recognized in net gains and interest income from marketable securities held to fund rabbi trusts on our condensed consolidated statements of income (loss): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Unrealized gains (losses) $ 45 $ 9 $ (5 ) $ 37 Realized gains 4 2 6 4 Net gains and interest income from marketable securities held to fund rabbi trusts $ 49 $ 11 $ 1 $ 41 Our captive insurance companies hold marketable securities which include AFS debt securities that are invested in U.S. government agencies, time deposits, and corporate debt securities and have contractual maturity dates ranging from 2020 through 2025. Marketable Securities Held for Investment Purposes —Marketable securities held for investment purposes are recorded at cost or fair value, depending on the nature of the investment, and are included on our condensed consolidated balance sheets as follows: June 30, 2020 December 31, 2019 Time deposits (a) $ 301 $ 37 Interest-bearing money market funds (a) 298 147 Common shares of Playa N.V. (Note 9) 44 102 Total marketable securities held for investment purposes 643 286 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (599 ) (184 ) Marketable securities held for investment purposes included in other assets $ 44 $ 102 (a) A portion of proceeds from our bond issuance were reinvested in interest-bearing money market funds and time deposits at June 30, 2020 (see Note 10). We hold common shares of Playa Hotels & Resorts N.V. ("Playa N.V.") which are accounted for as an equity security with a readily determinable fair value as we do not have the ability to significantly influence the operations of the entity. The fair value of the common shares is classified as Level One in the fair value hierarchy as we are able to obtain market available pricing information. The remeasurement of our investment at fair value resulted in $23 million and $1 million of unrealized gains for the three months ended June 30, 2020 and June 30, 2019 , respectively, and $58 million of unrealized losses and $7 million of unrealized gains for the six months ended June 30, 2020 and June 30, 2019 , respectively, recognized in other income (loss), net on our condensed consolidated statements of income (loss) (see Note 19 ). We did no t sell any shares of common stock during the six months ended June 30, 2020 or June 30, 2019 . Other Investments HTM Debt Securities —At June 30, 2020 and December 31, 2019 , we held $80 million and $58 million , respectively, of investments in HTM debt securities, net of allowances, which are investments in third-party entities that own or are developing certain of our hotels and are recorded within other assets on our condensed consolidated balance sheets. The securities are mandatorily redeemable between 2020 and 2027. At June 30, 2020 our investments were net of allowances of $16 million . The carrying value of our investments approximates fair value. We estimated the fair value of our investments using internally developed discounted cash flow models based on current market inputs for similar types of arrangements. Based on the lack of available market data, our investments are classified as Level Three within the fair value hierarchy. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in these assumptions could result in different estimates of fair value. Equity Securities Without a Readily Determinable Fair Value —At June 30, 2020 and December 31, 2019 , we held $12 million and $7 million of investments in equity securities without a readily determinable fair value, which represent investments in entities where we do not have the ability to significantly influence the operations of the entity. Fair Value —We measured the following financial assets at fair value on a recurring basis: June 30, 2020 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 461 $ 461 $ — $ — $ — Mutual funds 518 — — — 518 Common shares 44 — — — 44 Level Two - Significant Other Observable Inputs Time deposits 308 262 41 — 5 U.S. government obligations 198 — 8 — 190 U.S. government agencies 42 — — — 42 Corporate debt securities 174 — 16 — 158 Mortgage-backed securities 24 — — — 24 Asset-backed securities 35 — — — 35 Municipal and provincial notes and bonds 5 — — — 5 Total $ 1,809 $ 723 $ 65 $ — $ 1,021 December 31, 2019 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 269 $ 269 $ — $ — $ — Mutual funds 502 — — — 502 Common shares 102 — — — 102 Level Two - Significant Other Observable Inputs Time deposits 47 — 41 — 6 U.S. government obligations 202 — 4 31 167 U.S. government agencies 50 — 3 6 41 Corporate debt securities 161 — 20 18 123 Mortgage-backed securities 23 — — 4 19 Asset-backed securities 39 — — 6 33 Municipal and provincial notes and bonds 4 — — 1 3 Total $ 1,399 $ 269 $ 68 $ 66 $ 996 During the three and six months ended June 30, 2020 and June 30, 2019 , there were no transfers between levels of the fair value hierarchy. We do not have non-financial assets or non-financial liabilities required to be measured at fair value on a recurring basis.

Financing Receivables

Financing Receivables	6 Months Ended
	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	FINANCING RECEIVABLES June 30, 2020 December 31, 2019 Unsecured financing to hotel owners $ 139 $ 135 Less: current portion of financing receivables, included in receivables, net (1 ) — Less: allowance for losses (105 ) (100 ) Total long-term financing receivables, net of allowances $ 33 $ 35 Allowance for Losses —The following table summarizes the activity in our unsecured financing receivables allowance: 2020 2019 Allowance at January 1 $ 100 $ 101 Provisions 2 2 Foreign currency exchange, net (3 ) — Allowance at March 31 $ 99 $ 103 Provisions 3 1 Write-offs — (4 ) Foreign currency exchange, net 3 — Allowance at June 30 $ 105 $ 100 Credit Monitoring —Our unsecured financing receivables were as follows: June 30, 2020 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 33 $ (1 ) $ 32 $ — Impaired loans (1) 43 (43 ) — 43 Total loans 76 (44 ) 32 43 Other financing arrangements 63 (61 ) 2 59 Total unsecured financing receivables $ 139 $ (105 ) $ 34 $ 102 (1) The unpaid principal balance was $32 million and the average recorded loan balance was $43 million at June 30, 2020 . December 31, 2019 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 33 $ (1 ) $ 32 $ — Impaired loans (2) 43 (43 ) — 43 Total loans 76 (44 ) 32 43 Other financing arrangements 59 (56 ) 3 56 Total unsecured financing receivables $ 135 $ (100 ) $ 35 $ 99 (2) The unpaid principal balance was $33 million and the average recorded loan balance was $46 million at December 31, 2019 . Fair Value —The carrying value of our financing receivables approximates fair value. The fair values, which are classified as Level Three in the fair value hierarchy, are estimated using discounted cash flow models. The principal inputs used are projected future cash flows and the discount rate, which is generally the effective interest rate of the loan.

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS Acquisitions Land —During the six months ended June 30, 2019 , we acquired $15 million of land through an asset acquisition from an unrelated third party to develop a hotel in Austin, Texas and subsequently sold the land and related construction in progress through an asset disposition during the year ended December 31, 2019. Dispositions Property Under Development —During the six months ended June 30, 2020 , an unrelated third-party invested in certain of our subsidiaries that are developing a hotel, parking, and retail space in Philadelphia, Pennsylvania in exchange for a 60% ownership interest, resulting in the derecognition of the non-financial assets of the subsidiaries. As a result of the transaction, we received $72 million of proceeds, recorded our 40% ownership interest as an equity method investment, and recognized a $4 million pre-tax gain in gains on sales of real estate on our condensed consolidated statements of income (loss) during the six months ended June 30, 2020 . Our $22 million equity method investment was recorded at fair value based on the value contributed by our partner to the unconsolidated hospitality venture. As additional consideration, we received a $5 million investment in an equity security without a readily determinable fair value. Building —During the six months ended June 30, 2020 , we sold a commercial building in Omaha, Nebraska for $6 million , net of closing costs and proration adjustments. In conjunction with the sale, we entered into a lease for a portion of the building and accounted for the transaction as a sale and leaseback, for which a $4 million operating lease right-of-use asset and related lease liability were recorded on our condensed consolidated balance sheet. The sale resulted in a $4 million pre-tax gain which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the six months ended June 30, 2020 . The operating lease has a weighted-average remaining term of 9 years and a weighted-average discount rate of 3.25% . The lease includes an option to extend the lease term by 5 years . Like-Kind Exchange Agreements Periodically, we enter into like-kind exchange agreements associated with the disposition or acquisition of certain properties. Pursuant to the terms of these agreements, the proceeds from the sales are placed into an escrow account administered by a qualified intermediary and are unavailable for our use until released. The proceeds are recorded as restricted cash on our condensed consolidated balance sheets and released (i) if they are utilized as part of a like-kind exchange agreement, (ii) if we do not identify a suitable replacement property within 45 days after the agreement date, or (iii) when a like-kind exchange agreement is not completed within the remaining allowable time period. In conjunction with the sale of the property adjacent to Grand Hyatt San Francisco during the year ended December 31, 2019, $115 million of proceeds were held as restricted for use in a potential like-kind exchange. However, we did not acquire the identified replacement property within the specified 180 day period, and the proceeds were released during the six months ended June 30, 2020 .

Goodwill And Intangibles, Net

Goodwill And Intangibles, Net	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangibles, Net	GOODWILL AND INTANGIBLES, NET June 30, 2020 December 31, 2019 Goodwill $ 288 $ 326 During the three and six months ended June 30, 2020 , we recognized $38 million of goodwill impairment charges related to two reporting units (see Note 2). During the three and six months ended June 30, 2019 , we did not recognize any goodwill impairment charges. June 30, 2020 Weighted- average useful lives in years December 31, 2019 Management and franchise agreement intangibles $ 361 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 14 5 14 Other definite-lived intangibles 8 6 8 Intangibles 527 533 Less: accumulated amortization (109 ) (96 ) Intangibles, net $ 418 $ 437 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Amortization expense $ 7 $ 7 $ 14 $ 10

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	OTHER ASSETS June 30, 2020 December 31, 2019 Marketable securities held to fund rabbi trusts (Note 5) $ 453 $ 450 Management and franchise agreement assets constituting payments to customers (1) 437 423 Marketable securities held to fund the loyalty program (Note 5) 431 347 Marketable securities held for captive insurance companies (Note 5) 93 97 Long-term investments 92 65 Common shares of Playa N.V. (Note 5) 44 102 Other 161 104 Total other assets $ 1,711 $ 1,588 (1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt, net of current maturities, was $2,491 million and $ 1,612 million at June 30, 2020 and December 31, 2019 , respectively. Senior Notes —During the three months ended June 30, 2020 , we issued $450 million of 5.375% senior notes due 2025 (the "2025 Notes") and $450 million of 5.750% senior notes due 2030 (the "2030 Notes"), issued at par. We received approximately $890 million of net proceeds from the sale, after deducting $10 million of underwriting discounts and other offering expenses. We used a portion of the proceeds from the issuance of the 2025 Notes and the 2030 Notes to repay all outstanding borrowings on our revolving credit facility and settle the outstanding interest rate locks and we intend to use the remainder for general corporate purposes. Interest on the 2025 Notes and 2030 Notes is payable semi-annually on April 23 and October 23 of each year, beginning on October 23, 2020. Revolving Credit Facility —During the three months ended June 30, 2020 , we entered into a Second Amendment to the Second Amended and Restated Credit Agreement (the "Revolver Amendment"), which amends the Second Amended and Restated Credit Agreement. Terms of the Revolver Amendment include, but are not limited to, waivers on certain covenants and modifications to negative covenants and other terms, including the interest rate. The terms of the Revolver Amendment also restrict our ability to repurchase shares and pay dividends through the first quarter of 2021. During the six months ended June 30, 2020 , we had $400 million of borrowings and repayments on our revolving credit facility. The weighted-average interest rate on these borrowings was 1.71% at June 30, 2020 . At June 30, 2020 and December 31, 2019 , we had no balance outstanding. At June 30, 2020 , we had $1,499 million of borrowing capacity available under our revolving credit facility, net of letters of credit outstanding. Fair Value —We estimated the fair value of debt, excluding finance leases, which consists of $250 million of 5.375% senior notes due 2021 (the "2021 Notes"), $350 million of 3.375% senior notes due 2023 (the "2023 Notes"), the 2025 Notes, $400 million of 4.850% senior notes due 2026 (the "2026 Notes"), $400 million of 4.375% senior notes due 2028 (the "2028 Notes"), and the 2030 Notes, collectively referred to as the "Senior Notes," bonds, and other long-term debt. Our Senior Notes and bonds are classified as Level Two due to the use and weighting of multiple market inputs in the final price of the security. We estimated the fair value of other debt instruments using a discounted cash flow analysis based on current market inputs for similar types of arrangements. Based on the lack of available market data, we have classified our revolving credit facility and other debt instruments as Level Three. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in these assumptions will result in different estimates of fair value. June 30, 2020 Carrying value Fair value Quoted prices in active markets for identical assets (Level One) Significant other observable inputs (Level Two) Significant unobservable inputs (Level Three) Debt (1) $ 2,514 $ 2,641 $ — $ 2,600 $ 41 (1) Excludes $10 million of finance lease obligations and $24 million of unamortized discounts and deferred financing fees. December 31, 2019 Carrying value Fair value Quoted prices in active markets for identical assets (Level One) Significant other observable inputs (Level Two) Significant unobservable inputs (Level Three) Debt (2) $ 1,627 $ 1,740 $ — $ 1,680 $ 60 (2) Excludes $11 million of finance lease obligations and $15 million of unamortized discounts and deferred financing fees. Interest Rate Locks —At December 31, 2019 , we had outstanding interest rate locks with $ 275 million in notional value and mandatory settlement dates of 2021. The interest rate locks hedged a portion of the risk of changes in the benchmark interest rate associated with long-term debt we anticipated issuing in the future. These outstanding derivative instruments were designated as cash flow hedges and deemed highly effective both at inception and upon settlement as discussed below. At December 31, 2019 , we had $24 million related to these instruments recorded in other long-term liabilities on our condensed consolidated balance sheets. We estimated the fair values of interest rate locks, which were classified as Level Two in the fair value hierarchy, using discounted cash flow models. The primary sensitivity in these models is based on forward and discount curves. During the three months ended June 30, 2020 , we settled the aforementioned interest rate locks for $61 million upon issuance of the 2030 Notes. The $61 million , which was recorded to accumulated other comprehensive loss, will be amortized over the term of the 2030 Notes to interest expense on our condensed consolidated statements of income (loss). As a result, we recognized $1 million of interest expense during the three months ended June 30, 2020 (see Note 14 ). The $61 million settlement is reflected as a cash outflow from operating activities on the condensed consolidated statement of cash flows for the six months ended June 30, 2020 , as our policy is to classify cash flows from derivative instruments in the same category as the item being hedged. During the three and six months ended June 30, 2020 , we recognized $3 million and $37 million of pre-tax losses, respectively, in unrealized gains (losses) on derivative activity on our condensed consolidated statements of comprehensive income (loss). During the three and six months ended June 30, 2019 , we recognized $11 million and $17 million

Other Long-Term Liabilities

Other Long-Term Liabilities	6 Months Ended
	Jun. 30, 2020
Other Liabilities [Abstract]
Other Long-Term Liabilities	OTHER LONG-TERM LIABILITIES June 30, 2020 December 31, 2019 Deferred compensation plans funded by rabbi trusts (Note 5) $ 453 $ 450 Income taxes payable 166 147 Self-insurance liabilities (Note 13) 74 80 Deferred income taxes (Note 12) 45 47 Guarantee liabilities (Note 13) 36 46 Other 92 114 Total other long-term liabilities $ 866 $ 884

Taxes

Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Taxes	TAXES On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security ("CARES") Act was signed into law. The provisions include, but are not limited to, allowing net operating loss carrybacks, modifying the net interest deduction limitations, providing technical corrections to tax depreciation methods for qualified improvement property, allowing refundable payroll tax credits, and deferring employer social security deposits. Specifically, net operating losses incurred in 2020 may be carried back to each of the preceding five years to offset prior year taxable income generating a refund in future periods when the tax returns are filed, and the cash is received. During the three and six months ended June 30, 2020, we recognized an $18 million benefit related to the employee retention credit created under the CARES Act, the majority of which related to our managed properties. Of this benefit, $14 million related to our managed properties and $4 million related to our owned and leased properties. The benefit for our owned and leased hotels was recorded during the three months ended June 30, 2020 as a reduction of owned and leased hotels expense on our condensed consolidated statements of income (loss). The $14 million benefit for our managed properties is offset within revenues for the reimbursement of costs incurred on behalf of managed and franchised properties with no impact to net income on our condensed consolidated statements of income (loss). The effective income tax rates for the three months ended June 30, 2020 and June 30, 2019 were 28.5% and 18.4% , respectively. The effective income tax rates for the six months ended June 30, 2020 and June 30, 2019 were 27.6% and 20.7% , respectively. Our effective tax rate increased for the three and six months ended June 30, 2020 , compared to the three and six months ended June 30, 2019 , primarily due to U.S. net operating losses that will be benefited at the 35% tax rate in accordance with the terms of the CARES Act, partially offset by a $24 million valuation allowance recorded on foreign tax credits not expected to be realized within the carryforward period. In addition, in 2019 we recorded a non-recurring benefit as a result of an agreement reached by the United States and Swiss tax authorities on Advanced Pricing Agreement terms covering the years 2012 through 2021. We are subject to audits by federal, state, and foreign tax authorities. We are currently under field exam by the Internal Revenue Service ("IRS") for tax years 2015 through 2017. U.S. tax years 2009 through 2011 are before the U.S. Tax Court concerning the tax treatment of the loyalty program. Additionally, U.S. tax years 2012 through 2014 are pending the outcome of the issue currently in U.S. Tax Court. If the IRS' position to include loyalty program contributions as taxable income to the Company is upheld, it would result in an income tax payment of $196 million (including $52 million of estimated interest, net of federal tax benefit) for all assessed years that would be partially offset by a deferred tax asset. As future tax benefits will be recognized at the reduced U.S. corporate income tax rate, $73 million of the payment and related interest would have an impact on the effective tax rate, if recognized. We believe we have an adequate uncertain tax liability recorded in connection with this matter.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the ordinary course of business, we enter into various commitments, guarantees, surety bonds, and letter of credit agreements. Commitments —At June 30, 2020 , we are committed, under certain conditions, to lend or provide certain consideration to, or invest in, various business ventures up to $277 million , net of any related letters of credit. Performance Guarantees —Certain of our contractual agreements with third-party hotel owners require us to guarantee payments to the owners if specified levels of operating profit are not achieved by their hotels. At June 30, 2020 , the remaining maximum exposure under our performance guarantees was $60 million . Our most significant performance guarantee relating to four managed hotels in France that we began managing in the second quarter of 2013 ("the four managed hotels in France") expired on April 30, 2020. We had $39 million and $33 million of total net performance guarantee liabilities at June 30, 2020 and December 31, 2019 , respectively, which included $7 million and $14 million recorded in other long-term liabilities and $32 million and $19 million recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets, respectively. The four managed hotels in France (1) Other performance guarantees All performance guarantees 2020 2019 2020 2019 2020 2019 Beginning balance, January 1 $ 20 $ 36 $ 13 $ 11 $ 33 $ 47 Initial guarantee obligation liability — — — 1 — 1 Amortization of initial guarantee obligation liability into income (4 ) (4 ) (1 ) — (5 ) (4 ) Performance guarantee expense, net 20 20 6 1 26 21 Net payments during the period (15 ) (16 ) (3 ) (3 ) (18 ) (19 ) Ending balance, March 31 $ 21 $ 36 $ 15 $ 10 $ 36 $ 46 Amortization of initial guarantee obligation liability into income — (4 ) (1 ) (1 ) (1 ) (5 ) Performance guarantee expense (recovery), net 6 4 7 (1 ) 13 3 Net payments during the period — (20 ) (8 ) (1 ) (8 ) (21 ) Foreign currency exchange, net (1 ) — — — (1 ) — Ending balance, June 30 $ 26 $ 16 $ 13 $ 7 $ 39 $ 23 (1) Based on payment terms, we expect to settle the liability by December 31, 2020. Additionally, we enter into certain management contracts where we have the right, but not an obligation, to make payments to certain hotel owners if their hotels do not achieve specified levels of operating profit. If we choose not to fund the shortfall, the hotel owner has the option to terminate the management contract. At June 30, 2020 and December 31, 2019 , there were no amounts recognized on our condensed consolidated balance sheets related to these performance test clauses. Debt Repayment and Other Guarantees —We enter into various debt repayment and other guarantees in order to assist property owners and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms. We had $42 million and $32 million of total debt repayment and other guarantees liabilities at June 30, 2020 and December 31, 2019 , respectively, which included $29 million and $32 million recorded in other long-term liabilities and $13 million and $0 recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets, respectively. Property description Maximum potential future payments Maximum exposure net of recoverability from third parties Total liabilities recorded at June 30, 2020 Total liabilities recorded at December 31, 2019 Year of guarantee expiration Hotel properties in India (1) $ 162 $ 162 $ 2 $ 5 2021 Hotel and residential properties in Brazil (2), (3) 89 38 16 3 various, through 2023 Hotel properties in Tennessee (2) 44 20 7 8 various, through 2023 Hotel properties in California (2) 38 15 2 3 various, through 2021 Hotel property in Massachusetts (2), (4) 30 15 5 6 various, through 2022 Hotel property in Pennsylvania (2), (4) 27 11 1 — various, through 2023 Hotel properties in Georgia (2) 27 13 5 2 various, through 2024 Hotel property in Oregon (2), (4) 21 8 2 3 various, through 2022 Other (2), (3) 19 5 2 2 various, through 2022 Total $ 457 $ 287 $ 42 $ 32 (1) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at June 30, 2020 . We have the contractual right to recover amounts funded from an unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be $81 million , taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded. (2) We have agreements with our unconsolidated hospitality venture partners, the respective hotel owners, or other third parties to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash, financing receivable, or HTM debt security. (3) If certain funding thresholds are met or if certain events occur, we have the ability to assume control of the property. With respect to properties in Brazil, this right only exists for the residential property. (4) In conjunction with the debt repayment guarantees, we are subject to completion guarantees whereby the parties agree to substantially complete the construction of the project by a specified date. In the event of default, we are obligated to complete construction using the funds available from the outstanding loan. Any additional funds paid by us are subject to partial recovery in the form of cash. At June 30, 2020 , the maximum potential future payments are $3 million , and the maximum exposure net of recoverability from third parties is insignificant. As a result of existing economic conditions, in part due to the COVID-19 pandemic, and the developer's inability to complete construction and meet its debt service, we recognized a $13 million credit loss related to a debt repayment guarantee for the residential property in Brazil in other income (loss), net on our condensed consolidated statements of income (loss) during the three and six months ended June 30, 2020 (see Note 19 ). At June 30, 2020 , we are not aware of, nor have we received notification that our unconsolidated hospitality ventures or hotel owners are not current on their debt service obligations where we have provided a debt repayment guarantee. Guarantee Liabilities Fair Value —We estimated the fair value of our guarantees to be $78 million and $62 million at June 30, 2020 and December 31, 2019 , respectively. Based on the lack of available market data, we have classified our guarantees as Level Three in the fair value hierarchy. Insurance —We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property, cyber risk, and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through U.S.-based and licensed captive insurance companies that are wholly owned subsidiaries of Hyatt and generally insure our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses. Reserves for losses in our captive insurance companies to be paid within 12 months are $36 million and $41 million at June 30, 2020 and December 31, 2019 , respectively, and are recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. Reserves for losses in our captive insurance companies to be paid in future periods are $74 million and $80 million at June 30, 2020 and December 31, 2019 , respectively, and are recorded in other long-term liabilities on our condensed consolidated balance sheets. Collective Bargaining Agreements —At June 30, 2020 , approximately 24% of our U.S.-based employees were covered by various collective bargaining agreements, generally providing for basic pay rates, working hours, other conditions of employment, and orderly settlement of labor disputes. Certain employees are covered by union-sponsored, multi-employer pension and health plans pursuant to agreements between us and various unions. Generally, labor relations have been maintained in a normal and satisfactory manner, and we believe our employee relations are good. Surety Bonds —Surety bonds issued on our behalf were $51 million at June 30, 2020 and primarily relate to workers' compensation, taxes, licenses, construction liens, and utilities related to our lodging operations. Letters of Credit —Letters of credit outstanding on our behalf at June 30, 2020 were $256 million , which relate to our ongoing operations, hotel properties under development in the U.S., collateral for estimated insurance claims, and securitization of our performance under our debt repayment guarantees associated with the hotel properties in India and the residential property in Brazil, which are only called upon if we default on our guarantees. Of the letters of credit outstanding, $1 million reduces the available capacity under our revolving credit facility (see Note 10 ). Capital Expenditures —As part of our ongoing business operations, expenditures are required to complete renovation projects that have been approved. Other —We act as general partner of various partnerships owning hotel properties that are subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof. In conjunction with financing obtained for our unconsolidated hospitality ventures, certain managed hotels, and other properties, we may provide standard indemnifications to the lender for loss, liability, or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture partners, respective hotel owners, or other third parties. As a result of certain dispositions, we have agreed to provide customary indemnifications to third-party purchasers for certain liabilities incurred prior to sale and for breach of certain representations and warranties made during the sales process, such as representations of valid title, authority, and environmental issues that may not be limited by a contractual monetary amount. These indemnification agreements survive until the applicable statutes of limitation expire or until the agreed upon contract terms expire. We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes, and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation to have a material effect on our condensed consolidated financial statements. During the year ended December 31, 2018, we received a notice from the Indian tax authorities assessing additional service tax on our operations in India. We appealed this decision and do not believe a loss is probable, and therefore, we have not recognized a liability in connection with this matter. At June 30, 2020 , our maximum exposure is not expected to exceed $18 million .

Equity

Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Equity	EQUITY Accumulated Other Comprehensive Loss Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at June 30, 2020 Foreign currency translation adjustments $ (234 ) $ 19 $ — $ (215 ) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9 ) — — (9 ) Unrealized losses on derivative instruments (43 ) (2 ) 1 (44 ) Accumulated other comprehensive loss $ (285 ) $ 17 $ 1 $ (267 ) (a) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks (see Note 10). Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (b) Balance at Foreign currency translation adjustments $ (183 ) $ (32 ) $ — $ (215 ) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9 ) — — (9 ) Unrealized losses on derivative instruments (18 ) (27 ) 1 (44 ) Accumulated other comprehensive loss $ (209 ) $ (59 ) $ 1 $ (267 ) (b) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks (see Note 10). We expect to reclassify $6 million of losses over the next 12 months. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (197 ) $ 6 $ — $ (191 ) Unrecognized pension cost (5 ) — — (5 ) Unrealized losses on derivative instruments (8 ) (8 ) — (16 ) Accumulated other comprehensive loss $ (210 ) $ (2 ) $ — $ (212 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (191 ) $ — $ — $ (191 ) Unrecognized pension cost (5 ) — — (5 ) Unrealized losses on derivative instruments (4 ) (12 ) — (16 ) Accumulated other comprehensive loss $ (200 ) $ (12 ) $ — $ (212 ) Share Repurchase — During 2019 and 2018 our board of directors authorized the repurchase of up to $750 million and $750 million , respectively, of our common stock. These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan or an accelerated share repurchase transaction, at prices we deem appropriate and subject to market conditions, applicable law, and other factors deemed relevant in our sole discretion. The common stock repurchase program applies to our Class A and Class B common stock. The common stock repurchase program does not obligate us to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time. During the six months ended June 30, 2020 , we repurchased 827,643 shares of common stock. The shares of common stock were repurchased at a weighted-average price of $84.08 per share for an aggregate purchase price of $69 million , excluding related insignificant expenses. The shares repurchased during the six months ended June 30, 2020 represented approximately 1% of our total shares of common stock outstanding at December 31, 2019 . During the six months ended June 30, 2019 , we repurchased 2,052,536 shares of common stock. The shares of common stock were repurchased at a weighted-average price of $71.85 per share for an aggregate purchase price of $147 million , excluding related insignificant expenses. The shares repurchased during the six months ended June 30, 2019 represented approximately 2% of our total shares of common stock outstanding at December 31, 2018 . The shares of Class A common stock repurchased on the open market were retired and returned to the status of authorized and unissued shares. At June 30, 2020 , we had $928 million remaining under the share repurchase authorization. Dividend — The following tables summarize dividends paid to Class A and Class B shareholders of record: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Class A common stock $ — $ 7 $ 7 $ 14 Class B common stock — 13 13 26 Total cash dividends paid $ — $ 20 $ 20 $ 40 Date declared Dividend per share amount for Class A and Class B Date of record Date paid February 13, 2020 $ 0.20 February 26, 2020 March 9, 2020 February 13, 2019 $ 0.19 February 27, 2019 March 11, 2019 May 17, 2019 $ 0.19 May 29, 2019 June 10, 2019

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION As part of our Long- Term Incentive Plan ("LTIP"), we award Stock Appreciation Rights ("SARs"), Restricted Stock Units ("RSUs"), and Performance Share Units ("PSUs") to certain employees and non-employee directors. In addition, non-employee directors may elect to receive their annual fees and/or annual equity retainers in the form of shares of our Class A common stock. Compensation expense and unearned compensation presented below exclude amounts related to employees of our managed hotels and other employees whose payroll is reimbursed, as this expense has been and will continue to be reimbursed by our third-party hotel owners and is recognized within revenues for the reimbursement of costs incurred on behalf of managed and franchised properties and costs incurred on behalf of managed and franchised properties on our condensed consolidated statements of income (loss). Stock-based compensation expense included in selling, general, and administrative expense on our condensed consolidated statements of income (loss) related to these awards was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 SARs $ — $ — $ 10 $ 10 RSUs 4 2 14 11 PSUs (2 ) 2 (7 ) 3 Total $ 2 $ 4 $ 17 $ 24 The three and six months ended June 30, 2020 includes a reversal of previously recognized stock-based compensation expense based on our current assessment of the expected achievement relative to the applicable performance targets related to certain PSU awards. SARs —During the six months ended June 30, 2020 , we granted 1,250,434 SARs to employees with a weighted-average grant date fair value of $8.88 . During the six months ended June 30, 2019 , we granted 643,989 SARs to employees with a weighted-average grant date fair value of $17.11 . RSUs —During the six months ended June 30, 2020 , we granted 519,730 RSUs to employees with a weighted-average grant date fair value of $48.66 . During the six months ended June 30, 2019 , we granted 355,774 RSUs to employees with a weighted-average grant date fair value of $ 72.05 . PSUs —During the six months ended June 30, 2020 , we did no t grant any PSUs under our LTIP. During the six months ended June 30, 2019 , we granted 120,720 PSUs to employees, with a weighted-average grant date fair value of $ 77.95 . Our total unearned compensation for our stock- based compensation programs at June 30, 2020 was $2 million for SARs and $16 million for RSUs and $0 for PSUs, which will primarily be recognized in stock-based compensation expense over a weighted-average period of three years with respect to SARs and RSUs.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	RELATED-PARTY TRANSACTIONS In addition to those included elsewhere in the Notes to our condensed consolidated financial statements, related- party transactions entered into by us are summarized as follows: Legal Services —A partner in a law firm that provided services to us throughout the six months ended June 30, 2020 and June 30, 2019 is the brother-in-law of our Executive Chairman. We incurred $3 million and $2 million of legal fees with this firm during the three months ended June 30, 2020 and June 30, 2019 , respectively. We incurred $5 million and $3 million of legal fees with this firm during the six months ended June 30, 2020 and June 30, 2019 , respectively. At June 30, 2020 and December 31, 2019 , we had $1 million and insignificant amounts due to the law firm, respectively. Equity Method Investments —We have equity method investments in entities that own properties for which we receive management or franchise fees. We recognized $1 million and $5 million of fees for the three months ended June 30, 2020 and June 30, 2019 , respectively. We recognized $4 million and $10 million of fees for the six months ended June 30, 2020 and June 30, 2019 , respectively. In addition, in some cases we provide loans (see Note 6 ) or guarantees (see Note 13 ) to these entities. During each of the three months ended June 30, 2020 and June 30, 2019 , we recognized $1 million of income related to these guarantees. We recognized income related to these guarantees of $2 million during each of the six months ended June 30, 2020 and June 30, 2019 , respectively. At June 30, 2020 and December 31, 2019 , we had $ 15 million and $ 17 million of receivables due from these properties, respectively. Our ownership interest in these unconsolidated hospitality ventures varies from 24% to 50% . See Note 5 for further details regarding these investments. Class B Share Conversion —During the three and six months ended June 30, 2020 , 2,435,243 shares of Class B common stock were converted on a share-for-share basis into shares of our Class A common stock, $0.01 par value per share. The shares of Class B common stock that were converted into shares of Class A common stock have been retired, thereby reducing the shares of Class B common stock authorized and outstanding.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Effective January 1, 2020, we changed the strategic and operational oversight for our Miraval properties, which were previously evaluated as a distinct business by our CODM. The management fees from Miraval properties are now reported in the Americas management and franchising segment, and the operating results and financial position of underlying hotel results are now reported in our owned and leased hotels segment; the results of Miraval properties were previously reported in corporate and other. In addition, the license fees we receive from Hyatt Residence Club are now reported within our Americas management and franchising segment due to changes in the strategic oversight for these license agreements. The segment changes have been reflected retrospectively to the three and six months ended June 30, 2019. We define our reportable segments as follows: • Owned and leased hotels —This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions earned by our owned and leased hotels related to our co-branded credit cards and are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in the United States, Latin America, Canada, and the Caribbean as well as revenues from residential management operations. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, technology, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Southeast Asia, Greater China, Australia, South Korea, Japan, and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned hotel, which was sold during the year ended December 31, 2019, and are eliminated in consolidation. • EAME/SW Asia management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia, and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. Our CODM evaluates performance based on owned and leased hotels revenues, management, franchise, and other fees revenues, and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets constituting payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate; asset impairments; and other income (loss), net. The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results of Exhale, results related to our co- branded credit cards, and unallocated corporate expenses. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Owned and leased hotels Owned and leased hotels revenues $ 20 $ 499 $ 350 $ 976 Intersegment revenues (a) 1 9 8 16 Adjusted EBITDA (78 ) 115 (44 ) 218 Depreciation and amortization 56 66 119 130 Americas management and franchising Management, franchise, and other fees revenues 8 119 92 223 Contra revenue (4 ) (3 ) (8 ) (7 ) Other revenues 2 19 29 55 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 186 575 670 1,123 Intersegment revenues (a) (1 ) 17 9 34 Adjusted EBITDA (3 ) 102 65 195 Depreciation and amortization 5 6 10 12 ASPAC management and franchising Management, franchise, and other fees revenues 6 32 25 64 Contra revenue (1 ) (1 ) (2 ) (1 ) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 17 26 44 50 Intersegment revenues (a) — — — — Adjusted EBITDA (2 ) 20 6 40 Depreciation and amortization 1 1 2 2 EAME/SW Asia management and franchising Management, franchise, and other fees revenues 2 19 12 37 Contra revenue (2 ) (2 ) (3 ) (3 ) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 12 17 32 34 Intersegment revenues (a) — 2 1 4 Adjusted EBITDA (11 ) 11 (10 ) 21 Depreciation and amortization — — — — Corporate and other Revenues 4 15 18 30 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1 2 2 Intersegment revenues (a) — (1 ) — (1 ) Adjusted EBITDA (23 ) (37 ) (50 ) (77 ) Depreciation and amortization 11 10 22 19 Eliminations Revenues (a) — (27 ) (18 ) (53 ) Adjusted EBITDA — 2 2 3 TOTAL Revenues $ 250 $ 1,289 $ 1,243 $ 2,530 Adjusted EBITDA (117 ) 213 (31 ) 400 Depreciation and amortization 73 83 153 163 (a) Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations. The table below provides a reconciliation of our net income (loss) attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income (loss) attributable to Hyatt Hotels Corporation $ (236 ) $ 86 $ (339 ) $ 149 Interest expense 35 20 52 39 (Benefit) provision for income taxes (94 ) 19 (129 ) 39 Depreciation and amortization 73 83 153 163 EBITDA (222 ) 208 (263 ) 390 Contra revenue 7 6 13 11 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (215 ) (619 ) (748 ) (1,209 ) Costs incurred on behalf of managed and franchised properties 235 633 790 1,238 Equity (earnings) losses from unconsolidated hospitality ventures 23 (6 ) 25 (3 ) Stock-based compensation expense (Note 15) 2 4 17 24 Gains on sales of real estate (Note 7) — — (8 ) (1 ) Asset impairments 49 1 52 4 Other (income) loss, net (Note 19) 14 (28 ) 95 (79 ) Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA (10 ) 14 (4 ) 25 Adjusted EBITDA $ (117 ) $ 213 $ (31 ) $ 400

Earnings (Losses) Per Share

Earnings (Losses) Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings (Losses) Per Share	EARNINGS (LOSSES) PER SHARE The calculation of basic and diluted earnings (losses) per share, including a reconciliation of the numerator and denominator, are as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ (236 ) $ 86 $ (339 ) $ 149 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (236 ) $ 86 $ (339 ) $ 149 Denominator: Basic weighted-average shares outstanding 101,273,404 105,372,799 101,314,230 105,673,464 Share-based compensation — 1,580,569 — 1,554,396 Diluted weighted-average shares outstanding 101,273,404 106,953,368 101,314,230 107,227,860 Basic Earnings (Losses) Per Share: Net income (loss) $ (2.33 ) $ 0.81 $ (3.35 ) $ 1.41 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (2.33 ) $ 0.81 $ (3.35 ) $ 1.41 Diluted Earnings (Losses) Per Share: Net income (loss) $ (2.33 ) $ 0.80 $ (3.35 ) $ 1.39 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (2.33 ) $ 0.80 $ (3.35 ) $ 1.39 The computations of diluted net income (loss) per share for the three and six months ended June 30, 2020 and June 30, 2019 do not include the following shares of Class A common stock assumed to be issued as stock- settled SARs and RSUs because they are anti- dilutive. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 SARs 383,500 18,800 832,900 13,900 RSUs 513,100 300 480,000 100

Other Income (Loss), Net

Other Income (Loss), Net	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Other Income (Loss), Net	OTHER INCOME (LOSS), NET Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Restructuring expenses $ (47 ) $ — $ (47 ) $ — Performance guarantee expense, net (Note 13) (13 ) (3 ) (39 ) (24 ) Debt repayment guarantee credit loss (Note 2 and Note 13) (13 ) — (13 ) — Release of contingent consideration liability — 2 — 27 Release and amortization of debt repayment guarantee liability 1 — 1 17 Performance guarantee liability amortization (Note 13) 1 5 6 9 Realized gains (Note 5) 3 — 4 — Depreciation recovery 6 6 12 12 Interest income (Note 5) 6 6 17 12 Unrealized gains (losses), net (Note 5) 35 8 (44 ) 20 Other, net 7 4 8 6 Other income (loss), net $ (14 ) $ 28 $ (95 ) $ 79 During the three and six months ended June 30, 2020 , we recognized $47 million of restructuring expenses, including severance, insurance benefits, outplacement, and other related costs, due to operational changes as a result of the COVID-19 pandemic. During the six months ended June 30, 2019 , we released $27 million of contingent consideration liability for management agreements previously acquired in conjunction with Two Roads Hospitality LLC ("Two Roads") in which specific actions were not completed or payment was no longer probable. During the six months ended June 30, 2019 , we recognized a $15 million release of our debt repayment guarantee liability for a hotel property in Washington State as the debt was refinanced, and we are no longer guarantor.

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Accounting	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q
Principles of Consolidation	We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary.
Debt and Equity Securities	Debt and Equity Securities —Excluding equity method investments, debt and equity securities consist of various investments: • Equity securities consist of interest-bearing money market funds, mutual funds, common shares, and preferred shares. Equity securities with a readily determinable fair value are recorded at fair value on our condensed consolidated balance sheets based on listed market prices or dealer quotations where available. Equity securities without a readily determinable fair value are recorded at cost less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Net gains and losses, both realized and unrealized, and impairment charges on equity securities are recognized in other income (loss), net on our condensed consolidated statements of income (loss). • Debt securities include preferred shares, time deposits, and fixed income securities, including U.S. government obligations, obligations of other government agencies, corporate debt, mortgage-backed and asset-backed securities, and municipal and provincial notes and bonds. Debt securities are classified as trading, available-for-sale ("AFS"), or held-to-maturity. • Trading securities—recorded at fair value based on listed market prices or dealer price quotations, where available. Net gains and losses, both realized and unrealized, on trading securities are recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts or other income (loss), net, depending on the nature of the investment, on our condensed consolidated statements of income (loss). • AFS securities—recorded at fair value based on listed market prices or dealer price quotations, where available. Unrealized gains and losses on AFS debt securities are recognized in accumulated other comprehensive loss on our condensed consolidated balance sheets. Realized gains and losses on debt securities are recognized in other income (loss), net on our condensed consolidated statements of income (loss). AFS securities are assessed quarterly for expected credit losses which are recognized in other income (loss), net on our condensed consolidated statements of income (loss). In determining the reserve for credit losses, we evaluate AFS securities at the individual security level and consider our investment strategy, current market conditions, financial strength of the underlying investments, term to maturity, credit rating, and our intent and ability to sell the securities. • HTM securities—investments that we have the intent and ability to hold until maturity are recorded at amortized cost, net of expected credit losses. HTM securities are assessed for expected credit losses quarterly, and credit losses are recognized in other income (loss), net on our condensed consolidated statements of income (loss). We evaluate HTM securities individually when determining the reserve for credit losses due to the unique risks associated with each security. In determining the reserve for credit losses, we consider the financial strength of the underlying assets including the current and forecasted performance of the property, term to maturity, credit quality of the owner, and current market conditions. We classify debt securities as current or long-term, based on their contractual maturity dates and our intent and ability to hold. Our preferred shares earn a return that is recognized as interest income in other income (loss), net .
Financing Receivables	Financing Receivables —Financing receivables represent contractual rights to receive money either on demand or on fixed or determinable dates and are recorded on our condensed consolidated balance sheets at amortized cost, net of expected credit losses. We recognize interest as earned and include accrued interest in the amortized cost basis of the asset.
Financing Receivables - Non-performing Loans	We evaluate accrued interest allowances separately from the financing receivable assets. On an ongoing basis, we monitor the credit quality of our financing receivables based on historical and expected future payment activity. We determine our financing to hotel owners to be non-performing if interest or principal is greater than 90 days past due based on the contractual terms of the individual financing receivables or if an allowance has been established for our other financing arrangements with that borrower.
Financing Receivables - Non-accrual Status	If we consider a financing receivable to be non-performing, we place the financing receivable on non-accrual status. For financing receivables on non-accrual status, we recognize interest income in other income (loss), net in our condensed consolidated statements of income (loss) when cash is received. Accrual of interest income is resumed and potential reversal of any associated allowance for credit loss occurs when the receivable becomes contractually current and collection doubts are removed.
Financing Receivables - Impaired Loans	After an allowance for credit losses has been established, we may determine the receivable balance is uncollectible when all commercially reasonable means of recovering the receivable balance have been exhausted. We write-off uncollectible balances by reversing the financing receivable and the related allowance for credit losses.
Accounts Receivable	Accounts Receivables —Our accounts receivables primarily consist of trade receivables due from guests for services rendered at our owned and leased properties and from hotel owners with whom we have management and franchise agreements for services rendered and for reimbursements of costs incurred on behalf of managed and franchised properties. We assess all accounts receivables for credit losses quarterly and establish a reserve to reflect the net amount expected to be collected. The credit loss reserve is based on an assessment of historical collection activity, the nature of the receivable, geographic considerations, and the current business environment. The allowance for credit losses is recognized in owned and leased hotels expense or selling, general, and administrative expense on our condensed consolidated statements of income (loss), based on the nature of the receivable.
Guarantees	Guarantees —We enter into performance guarantees related to certain hotels we manage. We also enter into debt repayment and other guarantees with respect to unconsolidated hospitality ventures, certain managed hotels, and other properties. We record a liability for the fair value of these guarantees at their inception date. In order to estimate the fair value, we use a Monte Carlo simulation to model the probability of possible outcomes. The valuation methodology requires that we make certain assumptions and judgments regarding discount rates, volatility, hotel operating results, and hotel property sales prices. The fair value is not re-valued due to future changes in assumptions. The corresponding offset depends on the circumstances in which the guarantee was issued and is recorded to equity method investments, other assets, or expenses. We amortize the liability for the fair value of a guarantee into income over the term of the guarantee using a systematic and rational, risk-based approach. Guarantees related to our managed hotels and other properties are amortized into income in other income (loss), net in our condensed consolidated statements of income (loss). Guarantees related to our unconsolidated hospitality ventures are amortized into equity earnings (losses) from unconsolidated hospitality ventures in our condensed consolidated statements of income (loss). • Performance and other guarantees—On a quarterly basis, we evaluate the likelihood of funding under a guarantee. To the extent we determine an obligation to fund is both probable and estimable based on performance during the period, we record a separate contingent liability with the offset recognized in other income (loss), net. • Debt repayment guarantees—At inception of the guarantee and on a quarterly basis, we evaluate the risk of funding under a guarantee. We assess credit risk based on the current and forecasted performance of the underlying property, whether the property owner is current on debt service, the historical performance of the underlying property, and the current market, and we record a separate liability with an offset recognized in other income (loss), net or equity earnings (losses) from unconsolidated hospitality ventures as necessary.
Adopted Accounting Standards and Future Adoption of Accounting Standards	Adopted Accounting Standards Financial Instruments — Credit Losses —In June 2016, the Financial Accounting Standards Board ("FASB") released ASU 2016-13. ASU 2016-13 replaces the existing impairment model for most financial assets from an incurred loss model to a current expected credit loss model, which requires an entity to recognize allowances for credit losses equal to its current estimate of all contractual cash flows the entity does not expect to collect. ASU 2016-13 also requires credit losses relating to AFS debt securities to be recognized through an allowance for credit losses. We adopted ASU 2016-13 on January 1, 2020 utilizing the modified retrospective approach. Upon adoption, we recorded an adjustment of $1 million , net of tax, to opening retained earnings related to our credit allowance for accounts receivables, a $12 million increase to our HTM debt securities, and a corresponding $12 million credit loss allowance on our condensed consolidated balance sheets. The adoption of ASU 2016-03 did not materially affect our condensed consolidated statements of income (loss) or our condensed consolidated statements of cash flows, and the adoption adjustments do not reflect the impact of the COVID-19 pandemic, see Note 2. Future Adoption of Accounting Standards Reference Rate Reform —In March 2020, the FASB issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London interbank offered rate for deposits of U.S. dollars or another reference rate expected to be discontinued because of reference rate reform. The relief provided in ASU 2020-04 is applicable to all entities, but is only available through December 31, 2022. We are still assessing the impact of adopting ASU 2020-04.
Revenue Recognition	Revenue Allocated to Remaining Performance Obligations We did not estimate revenues expected to be recognized related to our unsatisfied performance obligations for the following: • Deferred revenue related to the loyalty program and revenue from base and incentive management fees as the revenue is allocated to a wholly unperformed performance obligation in a series; • Revenues related to royalty fees as they are considered sales-based royalty fees; • Revenues received for free nights granted through our co-branded credit cards as the awards are required to be redeemed within 12 months; and • Revenues related to advanced bookings at owned and leased hotels as each stay has a duration of 12 months or less.
Self Insurance	We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property, cyber risk, and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through U.S.-based and licensed captive insurance companies that are wholly owned subsidiaries of Hyatt and generally insure our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses.
Commitments and Contingencies Other	We act as general partner of various partnerships owning hotel properties that are subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof. In conjunction with financing obtained for our unconsolidated hospitality ventures, certain managed hotels, and other properties, we may provide standard indemnifications to the lender for loss, liability, or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture partners, respective hotel owners, or other third parties. As a result of certain dispositions, we have agreed to provide customary indemnifications to third-party purchasers for certain liabilities incurred prior to sale and for breach of certain representations and warranties made during the sales process, such as representations of valid title, authority, and environmental issues that may not be limited by a contractual monetary amount. These indemnification agreements survive until the applicable statutes of limitation expire or until the agreed upon contract terms expire. We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes, and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation to have a material effect on our condensed consolidated financial statements.
Segment Reporting	Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Effective January 1, 2020, we changed the strategic and operational oversight for our Miraval properties, which were previously evaluated as a distinct business by our CODM. The management fees from Miraval properties are now reported in the Americas management and franchising segment, and the operating results and financial position of underlying hotel results are now reported in our owned and leased hotels segment; the results of Miraval properties were previously reported in corporate and other. In addition, the license fees we receive from Hyatt Residence Club are now reported within our Americas management and franchising segment due to changes in the strategic oversight for these license agreements. The segment changes have been reflected retrospectively to the three and six months ended June 30, 2019. We define our reportable segments as follows: • Owned and leased hotels —This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions earned by our owned and leased hotels related to our co-branded credit cards and are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in the United States, Latin America, Canada, and the Caribbean as well as revenues from residential management operations. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, technology, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Southeast Asia, Greater China, Australia, South Korea, Japan, and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned hotel, which was sold during the year ended December 31, 2019, and are eliminated in consolidation. • EAME/SW Asia management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia, and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. Our CODM evaluates performance based on owned and leased hotels revenues, management, franchise, and other fees revenues, and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets constituting payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate; asset impairments; and other income (loss), net.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present our revenues disaggregated by the nature of the product or service: Three Months Ended June 30, 2020 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other Eliminations Total Rooms revenues $ 8 $ — $ — $ — $ — $ (1 ) $ 7 Food and beverage 3 — — — — — 3 Other 9 — — — — — 9 Owned and leased hotels 20 — — — — (1 ) 19 Base management fees — 4 3 1 — — 8 Incentive management fees — (3 ) — — — 1 (2 ) Franchise fees — 5 1 — — — 6 Other fees — 1 2 1 — — 4 License fees — 1 — — 3 — 4 Management, franchise, and other fees — 8 6 2 3 1 20 Amortization of management and franchise agreement assets constituting payments to customers — (4 ) (1 ) (2 ) — — (7 ) Net management, franchise, and other fees — 4 5 — 3 1 13 Other revenues — 2 — — 1 — 3 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 186 17 12 — — 215 Total $ 20 $ 192 $ 22 $ 12 $ 4 $ — $ 250 Six Months Ended June 30, 2020 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other Eliminations Total Rooms revenues $ 193 $ — $ — $ — $ — $ (8 ) $ 185 Food and beverage 108 — — — — — 108 Other 49 — — — — — 49 Owned and leased hotels 350 — — — — (8 ) 342 Base management fees — 48 9 8 — (10 ) 55 Incentive management fees — 1 3 2 — — 6 Franchise fees — 32 1 — — — 33 Other fees — 2 4 2 1 — 9 License fees — 9 8 — 8 — 25 Management, franchise, and other fees — 92 25 12 9 (10 ) 128 Amortization of management and franchise agreement assets constituting payments to customers — (8 ) (2 ) (3 ) — — (13 ) Net management, franchise, and other fees — 84 23 9 9 (10 ) 115 Other revenues — 29 — — 9 — 38 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 670 44 32 2 — 748 Total $ 350 $ 783 $ 67 $ 41 $ 20 $ (18 ) $ 1,243 Three Months Ended June 30, 2019 Owned and leased hotels (a) Americas management and franchising (a) ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other (a) Eliminations Total Rooms revenues $ 285 $ — $ — $ — $ — $ (9 ) $ 276 Food and beverage 167 — — — — — 167 Other 47 — — — — — 47 Owned and leased hotels 499 — — — — (9 ) 490 Base management fees — 62 10 9 — (13 ) 68 Incentive management fees — 19 17 9 — (6 ) 39 Franchise fees — 36 2 — — — 38 Other fees — 1 3 1 2 — 7 License fees — 1 — — 5 — 6 Management, franchise, and other fees — 119 32 19 7 (19 ) 158 Amortization of management and franchise agreement assets constituting payments to customers — (3 ) (1 ) (2 ) — — (6 ) Net management, franchise, and other fees — 116 31 17 7 (19 ) 152 Other revenues — 19 — — 8 1 28 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 575 26 17 1 — 619 Total $ 499 $ 710 $ 57 $ 34 $ 16 $ (27 ) $ 1,289 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Six Months Ended June 30, 2019 Owned and leased hotels (a) Americas management and franchising (a) ASPAC management and franchising EAME/SW Asia management and franchising Corporate and other (a) Eliminations Total Rooms revenues $ 558 $ — $ — $ — $ — $ (16 ) $ 542 Food and beverage 327 — — — — — 327 Other 91 — — — — — 91 Owned and leased hotels 976 — — — — (16 ) 960 Base management fees — 119 22 17 — (27 ) 131 Incentive management fees — 33 34 17 — (11 ) 73 Franchise fees — 68 2 — — — 70 Other fees — 1 6 3 3 — 13 License fees — 2 — — 10 — 12 Management, franchise, and other fees — 223 64 37 13 (38 ) 299 Amortization of management and franchise agreement assets constituting payments to customers — (7 ) (1 ) (3 ) — — (11 ) Net management, franchise, and other fees — 216 63 34 13 (38 ) 288 Other revenues — 55 — — 17 1 73 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,123 50 34 2 — 1,209 Total $ 976 $ 1,394 $ 113 $ 68 $ 32 $ (53 ) $ 2,530 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17).
Summary of Contract Liability	Contract liabilities are comprised of the following: June 30, 2020 December 31, 2019 Deferred revenue related to the loyalty program $ 713 $ 671 Advanced deposits 42 77 Initial fees received from franchise owners 41 41 Deferred revenue related to system-wide services 8 5 Other deferred revenue 91 126 Total contract liabilities $ 895 $ 920 The following table summarizes the activity in our contract liabilities: 2020 2019 Beginning balance, January 1 $ 920 $ 830 Cash received and other 246 247 Revenue recognized (262 ) (228 ) Ending balance, March 31 $ 904 $ 849 Cash received and other 65 243 Revenue recognized (74 ) (231 ) Ending balance, June 30 $ 895 $ 861

Debt and Equity Securities (Tab

Debt and Equity Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Summarized Financial Information	The following table presents summarized financial information for all unconsolidated hospitality ventures in which we hold an investment accounted for under the equity method: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Total revenues (a) $ 67 $ 125 $ 184 $ 241 Gross operating profit (a) 11 49 45 88 Loss from continuing operations (a) (79 ) (1 ) (86 ) (11 ) Net loss (a) (79 ) (1 ) (86 ) (11 ) (a) The information above is based on the most recently available financial statements, which are reported on a lag of up to three months for certain of our equity method investments.
Marketable Securities Held to Fund Operating Programs	Marketable Securities Held to Fund Operating Programs —Marketable securities held to fund operating programs, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: June 30, 2020 December 31, 2019 Loyalty program (Note 9) $ 545 $ 483 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 453 450 Captive insurance companies 168 180 Total marketable securities held to fund operating programs 1,166 1,113 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets (189 ) (219 ) Marketable securities held to fund operating programs included in other assets $ 977 $ 894
Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs	Net realized and unrealized gains and interest income from marketable securities held to fund the loyalty program are recognized in other income (loss), net on our condensed consolidated statements of income (loss): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Loyalty program (Note 19) $ 12 $ 10 $ 23 $ 19 Net realized and unrealized gains (losses) and interest income from marketable securities held to fund rabbi trusts are recognized in net gains and interest income from marketable securities held to fund rabbi trusts on our condensed consolidated statements of income (loss): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Unrealized gains (losses) $ 45 $ 9 $ (5 ) $ 37 Realized gains 4 2 6 4 Net gains and interest income from marketable securities held to fund rabbi trusts $ 49 $ 11 $ 1 $ 41
Marketable Securities Held for Investment Purposes	Marketable Securities Held for Investment Purposes —Marketable securities held for investment purposes are recorded at cost or fair value, depending on the nature of the investment, and are included on our condensed consolidated balance sheets as follows: June 30, 2020 December 31, 2019 Time deposits (a) $ 301 $ 37 Interest-bearing money market funds (a) 298 147 Common shares of Playa N.V. (Note 9) 44 102 Total marketable securities held for investment purposes 643 286 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (599 ) (184 ) Marketable securities held for investment purposes included in other assets $ 44 $ 102 (a) A portion of proceeds from our bond issuance were reinvested in interest-bearing money market funds and time deposits at June 30, 2020 (see Note 10).
Assets and Liabilities Measured at Fair Value on a Recurring Basis	We measured the following financial assets at fair value on a recurring basis: June 30, 2020 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 461 $ 461 $ — $ — $ — Mutual funds 518 — — — 518 Common shares 44 — — — 44 Level Two - Significant Other Observable Inputs Time deposits 308 262 41 — 5 U.S. government obligations 198 — 8 — 190 U.S. government agencies 42 — — — 42 Corporate debt securities 174 — 16 — 158 Mortgage-backed securities 24 — — — 24 Asset-backed securities 35 — — — 35 Municipal and provincial notes and bonds 5 — — — 5 Total $ 1,809 $ 723 $ 65 $ — $ 1,021 December 31, 2019 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 269 $ 269 $ — $ — $ — Mutual funds 502 — — — 502 Common shares 102 — — — 102 Level Two - Significant Other Observable Inputs Time deposits 47 — 41 — 6 U.S. government obligations 202 — 4 31 167 U.S. government agencies 50 — 3 6 41 Corporate debt securities 161 — 20 18 123 Mortgage-backed securities 23 — — 4 19 Asset-backed securities 39 — — 6 33 Municipal and provincial notes and bonds 4 — — 1 3 Total $ 1,399 $ 269 $ 68 $ 66 $ 996

Financing Receivables (Tables)

Financing Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	June 30, 2020 December 31, 2019 Unsecured financing to hotel owners $ 139 $ 135 Less: current portion of financing receivables, included in receivables, net (1 ) — Less: allowance for losses (105 ) (100 ) Total long-term financing receivables, net of allowances $ 33 $ 35
Allowance for Losses and Impairments	The following table summarizes the activity in our unsecured financing receivables allowance: 2020 2019 Allowance at January 1 $ 100 $ 101 Provisions 2 2 Foreign currency exchange, net (3 ) — Allowance at March 31 $ 99 $ 103 Provisions 3 1 Write-offs — (4 ) Foreign currency exchange, net 3 — Allowance at June 30 $ 105 $ 100
Credit Monitoring	Our unsecured financing receivables were as follows: June 30, 2020 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 33 $ (1 ) $ 32 $ — Impaired loans (1) 43 (43 ) — 43 Total loans 76 (44 ) 32 43 Other financing arrangements 63 (61 ) 2 59 Total unsecured financing receivables $ 139 $ (105 ) $ 34 $ 102 (1) The unpaid principal balance was $32 million and the average recorded loan balance was $43 million at June 30, 2020 . December 31, 2019 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 33 $ (1 ) $ 32 $ — Impaired loans (2) 43 (43 ) — 43 Total loans 76 (44 ) 32 43 Other financing arrangements 59 (56 ) 3 56 Total unsecured financing receivables $ 135 $ (100 ) $ 35 $ 99 (2) The unpaid principal balance was $33 million and the average recorded loan balance was $46 million at December 31, 2019 .

Goodwill And Intangibles, Net (

Goodwill And Intangibles, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	June 30, 2020 December 31, 2019 Goodwill $ 288 $ 326
Schedule of Finite-Lived Intangible Assets	June 30, 2020 Weighted- average useful lives in years December 31, 2019 Management and franchise agreement intangibles $ 361 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 14 5 14 Other definite-lived intangibles 8 6 8 Intangibles 527 533 Less: accumulated amortization (109 ) (96 ) Intangibles, net $ 418 $ 437
Schedule of Indefinite-Lived Intangible Assets	June 30, 2020 Weighted- average useful lives in years December 31, 2019 Management and franchise agreement intangibles $ 361 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 14 5 14 Other definite-lived intangibles 8 6 8 Intangibles 527 533 Less: accumulated amortization (109 ) (96 ) Intangibles, net $ 418 $ 437
Schedule of Intangible Assets Amortization Expense	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Amortization expense $ 7 $ 7 $ 14 $ 10

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	June 30, 2020 December 31, 2019 Marketable securities held to fund rabbi trusts (Note 5) $ 453 $ 450 Management and franchise agreement assets constituting payments to customers (1) 437 423 Marketable securities held to fund the loyalty program (Note 5) 431 347 Marketable securities held for captive insurance companies (Note 5) 93 97 Long-term investments 92 65 Common shares of Playa N.V. (Note 5) 44 102 Other 161 104 Total other assets $ 1,711 $ 1,588 (1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Fair Value, by Balance Sheet Grouping	June 30, 2020 Carrying value Fair value Quoted prices in active markets for identical assets (Level One) Significant other observable inputs (Level Two) Significant unobservable inputs (Level Three) Debt (1) $ 2,514 $ 2,641 $ — $ 2,600 $ 41 (1) Excludes $10 million of finance lease obligations and $24 million of unamortized discounts and deferred financing fees. December 31, 2019 Carrying value Fair value Quoted prices in active markets for identical assets (Level One) Significant other observable inputs (Level Two) Significant unobservable inputs (Level Three) Debt (2) $ 1,627 $ 1,740 $ — $ 1,680 $ 60 (2) Excludes $11 million of finance lease obligations and $15 million of unamortized discounts and deferred financing fees.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Other Liabilities [Abstract]
Other Long-term Liabilities	June 30, 2020 December 31, 2019 Deferred compensation plans funded by rabbi trusts (Note 5) $ 453 $ 450 Income taxes payable 166 147 Self-insurance liabilities (Note 13) 74 80 Deferred income taxes (Note 12) 45 47 Guarantee liabilities (Note 13) 36 46 Other 92 114 Total other long-term liabilities $ 866 $ 884

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	The four managed hotels in France (1) Other performance guarantees All performance guarantees 2020 2019 2020 2019 2020 2019 Beginning balance, January 1 $ 20 $ 36 $ 13 $ 11 $ 33 $ 47 Initial guarantee obligation liability — — — 1 — 1 Amortization of initial guarantee obligation liability into income (4 ) (4 ) (1 ) — (5 ) (4 ) Performance guarantee expense, net 20 20 6 1 26 21 Net payments during the period (15 ) (16 ) (3 ) (3 ) (18 ) (19 ) Ending balance, March 31 $ 21 $ 36 $ 15 $ 10 $ 36 $ 46 Amortization of initial guarantee obligation liability into income — (4 ) (1 ) (1 ) (1 ) (5 ) Performance guarantee expense (recovery), net 6 4 7 (1 ) 13 3 Net payments during the period — (20 ) (8 ) (1 ) (8 ) (21 ) Foreign currency exchange, net (1 ) — — — (1 ) — Ending balance, June 30 $ 26 $ 16 $ 13 $ 7 $ 39 $ 23 (1) Based on payment terms, we expect to settle the liability by December 31, 2020.
Debt Repayment and Other Guarantees	Property description Maximum potential future payments Maximum exposure net of recoverability from third parties Total liabilities recorded at June 30, 2020 Total liabilities recorded at December 31, 2019 Year of guarantee expiration Hotel properties in India (1) $ 162 $ 162 $ 2 $ 5 2021 Hotel and residential properties in Brazil (2), (3) 89 38 16 3 various, through 2023 Hotel properties in Tennessee (2) 44 20 7 8 various, through 2023 Hotel properties in California (2) 38 15 2 3 various, through 2021 Hotel property in Massachusetts (2), (4) 30 15 5 6 various, through 2022 Hotel property in Pennsylvania (2), (4) 27 11 1 — various, through 2023 Hotel properties in Georgia (2) 27 13 5 2 various, through 2024 Hotel property in Oregon (2), (4) 21 8 2 3 various, through 2022 Other (2), (3) 19 5 2 2 various, through 2022 Total $ 457 $ 287 $ 42 $ 32 (1) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at June 30, 2020 . We have the contractual right to recover amounts funded from an unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be $81 million , taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded. (2) We have agreements with our unconsolidated hospitality venture partners, the respective hotel owners, or other third parties to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash, financing receivable, or HTM debt security. (3) If certain funding thresholds are met or if certain events occur, we have the ability to assume control of the property. With respect to properties in Brazil, this right only exists for the residential property. (4) In conjunction with the debt repayment guarantees, we are subject to completion guarantees whereby the parties agree to substantially complete the construction of the project by a specified date. In the event of default, we are obligated to complete construction using the funds available from the outstanding loan. Any additional funds paid by us are subject to partial recovery in the form of cash. At June 30, 2020 , the maximum potential future payments are $3 million , and the maximum exposure net of recoverability from third parties is insignificant.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at June 30, 2020 Foreign currency translation adjustments $ (234 ) $ 19 $ — $ (215 ) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9 ) — — (9 ) Unrealized losses on derivative instruments (43 ) (2 ) 1 (44 ) Accumulated other comprehensive loss $ (285 ) $ 17 $ 1 $ (267 ) (a) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks (see Note 10). Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (b) Balance at Foreign currency translation adjustments $ (183 ) $ (32 ) $ — $ (215 ) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9 ) — — (9 ) Unrealized losses on derivative instruments (18 ) (27 ) 1 (44 ) Accumulated other comprehensive loss $ (209 ) $ (59 ) $ 1 $ (267 ) (b) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks (see Note 10). We expect to reclassify $6 million of losses over the next 12 months. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (197 ) $ 6 $ — $ (191 ) Unrecognized pension cost (5 ) — — (5 ) Unrealized losses on derivative instruments (8 ) (8 ) — (16 ) Accumulated other comprehensive loss $ (210 ) $ (2 ) $ — $ (212 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (191 ) $ — $ — $ (191 ) Unrecognized pension cost (5 ) — — (5 ) Unrealized losses on derivative instruments (4 ) (12 ) — (16 ) Accumulated other comprehensive loss $ (200 ) $ (12 ) $ — $ (212 )
Dividends Declared and Paid	The following tables summarize dividends paid to Class A and Class B shareholders of record: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Class A common stock $ — $ 7 $ 7 $ 14 Class B common stock — 13 13 26 Total cash dividends paid $ — $ 20 $ 20 $ 40 Date declared Dividend per share amount for Class A and Class B Date of record Date paid February 13, 2020 $ 0.20 February 26, 2020 March 9, 2020 February 13, 2019 $ 0.19 February 27, 2019 March 11, 2019 May 17, 2019 $ 0.19 May 29, 2019 June 10, 2019

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Compensation Expense Related to Long-Term Incentive Plan	Stock-based compensation expense included in selling, general, and administrative expense on our condensed consolidated statements of income (loss) related to these awards was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 SARs $ — $ — $ 10 $ 10 RSUs 4 2 14 11 PSUs (2 ) 2 (7 ) 3 Total $ 2 $ 4 $ 17 $ 24

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summarized Consolidated Financial Information by Segment	The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results of Exhale, results related to our co- branded credit cards, and unallocated corporate expenses. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Owned and leased hotels Owned and leased hotels revenues $ 20 $ 499 $ 350 $ 976 Intersegment revenues (a) 1 9 8 16 Adjusted EBITDA (78 ) 115 (44 ) 218 Depreciation and amortization 56 66 119 130 Americas management and franchising Management, franchise, and other fees revenues 8 119 92 223 Contra revenue (4 ) (3 ) (8 ) (7 ) Other revenues 2 19 29 55 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 186 575 670 1,123 Intersegment revenues (a) (1 ) 17 9 34 Adjusted EBITDA (3 ) 102 65 195 Depreciation and amortization 5 6 10 12 ASPAC management and franchising Management, franchise, and other fees revenues 6 32 25 64 Contra revenue (1 ) (1 ) (2 ) (1 ) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 17 26 44 50 Intersegment revenues (a) — — — — Adjusted EBITDA (2 ) 20 6 40 Depreciation and amortization 1 1 2 2 EAME/SW Asia management and franchising Management, franchise, and other fees revenues 2 19 12 37 Contra revenue (2 ) (2 ) (3 ) (3 ) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 12 17 32 34 Intersegment revenues (a) — 2 1 4 Adjusted EBITDA (11 ) 11 (10 ) 21 Depreciation and amortization — — — — Corporate and other Revenues 4 15 18 30 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1 2 2 Intersegment revenues (a) — (1 ) — (1 ) Adjusted EBITDA (23 ) (37 ) (50 ) (77 ) Depreciation and amortization 11 10 22 19 Eliminations Revenues (a) — (27 ) (18 ) (53 ) Adjusted EBITDA — 2 2 3 TOTAL Revenues $ 250 $ 1,289 $ 1,243 $ 2,530 Adjusted EBITDA (117 ) 213 (31 ) 400 Depreciation and amortization 73 83 153 163 (a) Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
Reconciliation of Consolidated Adjusted EBITDA to EBITDA and a Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels Corporation	The table below provides a reconciliation of our net income (loss) attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income (loss) attributable to Hyatt Hotels Corporation $ (236 ) $ 86 $ (339 ) $ 149 Interest expense 35 20 52 39 (Benefit) provision for income taxes (94 ) 19 (129 ) 39 Depreciation and amortization 73 83 153 163 EBITDA (222 ) 208 (263 ) 390 Contra revenue 7 6 13 11 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (215 ) (619 ) (748 ) (1,209 ) Costs incurred on behalf of managed and franchised properties 235 633 790 1,238 Equity (earnings) losses from unconsolidated hospitality ventures 23 (6 ) 25 (3 ) Stock-based compensation expense (Note 15) 2 4 17 24 Gains on sales of real estate (Note 7) — — (8 ) (1 ) Asset impairments 49 1 52 4 Other (income) loss, net (Note 19) 14 (28 ) 95 (79 ) Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA (10 ) 14 (4 ) 25 Adjusted EBITDA $ (117 ) $ 213 $ (31 ) $ 400

Earnings (Losses) Per Share (Ta

Earnings (Losses) Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of the Calculation of Basic and Diluted Earnings Per Share	The calculation of basic and diluted earnings (losses) per share, including a reconciliation of the numerator and denominator, are as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ (236 ) $ 86 $ (339 ) $ 149 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (236 ) $ 86 $ (339 ) $ 149 Denominator: Basic weighted-average shares outstanding 101,273,404 105,372,799 101,314,230 105,673,464 Share-based compensation — 1,580,569 — 1,554,396 Diluted weighted-average shares outstanding 101,273,404 106,953,368 101,314,230 107,227,860 Basic Earnings (Losses) Per Share: Net income (loss) $ (2.33 ) $ 0.81 $ (3.35 ) $ 1.41 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (2.33 ) $ 0.81 $ (3.35 ) $ 1.41 Diluted Earnings (Losses) Per Share: Net income (loss) $ (2.33 ) $ 0.80 $ (3.35 ) $ 1.39 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (2.33 ) $ 0.80 $ (3.35 ) $ 1.39
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computations of diluted net income (loss) per share for the three and six months ended June 30, 2020 and June 30, 2019 do not include the following shares of Class A common stock assumed to be issued as stock- settled SARs and RSUs because they are anti- dilutive. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 SARs 383,500 18,800 832,900 13,900 RSUs 513,100 300 480,000 100

Other Income (Loss), Net (Table

Other Income (Loss), Net (Tables)	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Other Income (Loss), Net	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Restructuring expenses $ (47 ) $ — $ (47 ) $ — Performance guarantee expense, net (Note 13) (13 ) (3 ) (39 ) (24 ) Debt repayment guarantee credit loss (Note 2 and Note 13) (13 ) — (13 ) — Release of contingent consideration liability — 2 — 27 Release and amortization of debt repayment guarantee liability 1 — 1 17 Performance guarantee liability amortization (Note 13) 1 5 6 9 Realized gains (Note 5) 3 — 4 — Depreciation recovery 6 6 12 12 Interest income (Note 5) 6 6 17 12 Unrealized gains (losses), net (Note 5) 35 8 (44 ) 20 Other, net 7 4 8 6 Other income (loss), net $ (14 ) $ 28 $ (95 ) $ 79

Organization (Details)

Organization (Details)	Jun. 30, 2020hotelcountryroom
Organization
Number of countries in which entity operates | country	65
Full service
Organization
Number of hotels operated or franchised	455
Number of rooms operated or franchised | room	156,927
Select service
Organization
Number of hotels operated or franchised	476
Number of rooms operated or franchised | room	68,271
Select service | United States
Organization
Number of hotels operated or franchised	406
All inclusive
Organization
Number of hotels operated or franchised	8
Number of rooms operated or franchised | room	3,153

Impact of the COVID-19 Pandem_2

Impact of the COVID-19 Pandemic (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Unusual or Infrequent Item, or Both [Line Items]
Asset impairments	$ 49	$ 1	$ 52	$ 4
COVID-19 Pandemic
Unusual or Infrequent Item, or Both [Line Items]
Goodwill impairment charges	38		38
Asset impairments	11		14
Interest income, debt securities held-to-maturity and financing receivable	1		5
COVID-19 Pandemic | Selling, General and Administrative Expenses
Unusual or Infrequent Item, or Both [Line Items]
Financing receivable, credit loss expense	10		13
Debt securities held-to-maturity and financing receivable, allowance for credit loss offset	1		5
COVID-19 Pandemic | Operating Income (Loss)
Unusual or Infrequent Item, or Both [Line Items]
Debt repayment guarantee credit loss reserve	$ 13		$ 13

Recently Issued Accounting Pr_3

Recently Issued Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings	$ (3,493)	$ (3,708)		$ (3,967)	$ (3,647)	$ (3,628)	$ (3,677)
Held-to-maturity securities	80			58
Held-to-maturity, allowance for credit loss	16
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings	$ (3,753)	$ (3,989)		(4,170)	$ (3,853)	$ (3,831)	$ (3,819)
Cumulative effect of accounting changes, net of tax (see Note 3)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings				1
Cumulative effect of accounting changes, net of tax (see Note 3) | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings			$ 1	$ 1
Held-to-maturity securities			12
Held-to-maturity, allowance for credit loss			$ 12

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 250	$ 1,289	$ 1,243	$ 2,530
Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	7	276	185	542
Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	3	167	108	327
Other
Disaggregation of Revenue [Line Items]
Revenues	9	47	49	91
Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	19	490	342	960
Base management fees
Disaggregation of Revenue [Line Items]
Revenues	8	68	55	131
Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	(2)	39	6	73
Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	6	38	33	70
Other fees
Disaggregation of Revenue [Line Items]
Revenues	4	7	9	13
License fees
Disaggregation of Revenue [Line Items]
Revenues	4	6	25	12
Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	20	158	128	299
Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(7)	(6)	(13)	(11)
Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	13	152	115	288
Other revenues
Disaggregation of Revenue [Line Items]
Revenues	3	28	38	73
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	215	619	748	1,209
Operating segments | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	20	499	350	976
Operating segments | Owned and leased hotels | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	8	285	193	558
Operating segments | Owned and leased hotels | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	3	167	108	327
Operating segments | Owned and leased hotels | Other
Disaggregation of Revenue [Line Items]
Revenues	9	47	49	91
Operating segments | Owned and leased hotels | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	20	499	350	976
Operating segments | Owned and leased hotels | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | License fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Americas management and franchising
Disaggregation of Revenue [Line Items]
Revenues	192	710	783	1,394
Operating segments | Americas management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Americas management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Americas management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Americas management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | Americas management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	4	62	48	119
Operating segments | Americas management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	(3)	19	1	33
Operating segments | Americas management and franchising | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	5	36	32	68
Operating segments | Americas management and franchising | Other fees
Disaggregation of Revenue [Line Items]
Revenues	1	1	2	1
Operating segments | Americas management and franchising | License fees
Disaggregation of Revenue [Line Items]
Revenues	1	1	9	2
Operating segments | Americas management and franchising | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	8	119	92	223
Operating segments | Americas management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(4)	(3)	(8)	(7)
Operating segments | Americas management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	4	116	84	216
Operating segments | Americas management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	2	19	29	55
Operating segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	186	575	670	1,123
Operating segments | ASPAC management and franchising
Disaggregation of Revenue [Line Items]
Revenues	22	57	67	113
Operating segments | ASPAC management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	3	10	9	22
Operating segments | ASPAC management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	17	3	34
Operating segments | ASPAC management and franchising | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	1	2	1	2
Operating segments | ASPAC management and franchising | Other fees
Disaggregation of Revenue [Line Items]
Revenues	2	3	4	6
Operating segments | ASPAC management and franchising | License fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	8	0
Operating segments | ASPAC management and franchising | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	6	32	25	64
Operating segments | ASPAC management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(1)	(1)	(2)	(1)
Operating segments | ASPAC management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	5	31	23	63
Operating segments | ASPAC management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	17	26	44	50
Operating segments | EAME/SW Asia management and franchising
Disaggregation of Revenue [Line Items]
Revenues	12	34	41	68
Operating segments | EAME/SW Asia management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	1	9	8	17
Operating segments | EAME/SW Asia management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	9	2	17
Operating segments | EAME/SW Asia management and franchising | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Other fees
Disaggregation of Revenue [Line Items]
Revenues	1	1	2	3
Operating segments | EAME/SW Asia management and franchising | License fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	2	19	12	37
Operating segments | EAME/SW Asia management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(2)	(2)	(3)	(3)
Operating segments | EAME/SW Asia management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	17	9	34
Operating segments | EAME/SW Asia management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	12	17	32	34
Corporate and other
Disaggregation of Revenue [Line Items]
Revenues	4	16	20	32
Corporate and other | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Other fees
Disaggregation of Revenue [Line Items]
Revenues	0	2	1	3
Corporate and other | License fees
Disaggregation of Revenue [Line Items]
Revenues	3	5	8	10
Corporate and other | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	3	7	9	13
Corporate and other | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	3	7	9	13
Corporate and other | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	1	8	9	17
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	1	2	2
Eliminations
Disaggregation of Revenue [Line Items]
Revenues	0	(27)	(18)	(53)
Eliminations | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	(1)	(9)	(8)	(16)
Eliminations | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	(1)	(9)	(8)	(16)
Eliminations | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	0	(13)	(10)	(27)
Eliminations | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	1	(6)	0	(11)
Eliminations | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | License fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	1	(19)	(10)	(38)
Eliminations | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	1	(19)	(10)	(38)
Eliminations | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	1	0	1
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	1	9	8	16
Eliminations | Americas management and franchising
Disaggregation of Revenue [Line Items]
Revenues	(1)	17	9	34
Eliminations | ASPAC management and franchising
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | EAME/SW Asia management and franchising
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 2	$ 1	$ 4

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 0				$ 0			$ 0
Total contract liabilities	895,000,000	$ 904,000,000	$ 861,000,000	$ 849,000,000	895,000,000	$ 861,000,000		920,000,000	$ 830,000,000
Cash received from contract with customer	65,000,000	246,000,000	243,000,000	247,000,000
Revenue recognized from contract with customer	(74,000,000)	$ (262,000,000)	(231,000,000)	$ (228,000,000)
Revenue recognized from contract with customer beginning balance	21,000,000		$ 93,000,000		158,000,000	$ 238,000,000
Deferred revenue related to the loyalty program
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	713,000,000				713,000,000			671,000,000
Advanced deposits
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	42,000,000				42,000,000			77,000,000
Initial fees received from franchise owners
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	41,000,000				41,000,000			41,000,000
Deferred revenue related to system-wide services
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	8,000,000				8,000,000			5,000,000
Other deferred revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	$ 91,000,000				$ 91,000,000			$ 126,000,000
Scenario, Forecast
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets							$ 0

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Remaining Performance Obligation (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 130
Revenue, performance obligation, description of timing	Revenues received for free nights granted through our co-branded credit card as the awards are required to be redeemed within 12 months; and Revenues related to advanced bookings at owned and leased hotels as each stay has a duration of 12 months or less.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percent recognized	15.00%
Remaining performance obligation, period	1 year

Debt and Equity Securities - Na

Debt and Equity Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Schedule of Debt and Equity Method Investments
Equity method investments	$ 259		$ 259		$ 232
Common stock, shares sold (in shares)	0	0	0	0
Held-to-maturity securities	$ 80		$ 80		58
Held-to-maturity, allowance for credit loss	16		16
Equity securities without a readily determinable fair value	12		12		$ 7
Playa Hotels & Resorts N.V. | Common shares
Schedule of Debt and Equity Method Investments
Unrealized gains (losses) recognized in other income (loss), net	$ 23	$ 1	$ (58)	$ 7

Debt and Equity Securities - Su

Debt and Equity Securities - Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Total revenues	$ 67	$ 125	$ 184	$ 241
Gross operating profit	11	49	45	88
Loss from continuing operations (a)	(79)	(1)	(86)	(11)
Net loss (a)	$ (79)	$ (1)	$ (86)	$ (11)

Debt and Equity Securities - He

Debt and Equity Securities - Held to Fund Operating Programs (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Held for operating programs
Schedule of Investments
Total marketable securities held for investment/operating purposes	$ 1,166	$ 1,113
Less current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets	(189)	(219)
Marketable securities held to fund operating programs included in other assets	977	894
Loyalty program
Schedule of Investments
Total marketable securities held for investment/operating purposes	545	483
Deferred compensation plans held in rabbi trusts
Schedule of Investments
Total marketable securities held for investment/operating purposes	453	450
Captive insurance companies
Schedule of Investments
Total marketable securities held for investment/operating purposes	$ 168	$ 180

Debt and Equity Securities - Ga

Debt and Equity Securities - Gain (loss) on Investments Held to Fund Operating Programs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gain (Loss) on Securities [Line Items]
Loyalty program	$ 49	$ 11	$ 1	$ 41
Net gains and interest income from marketable securities held to fund rabbi trusts	49	11	1	41
Loyalty program
Gain (Loss) on Securities [Line Items]
Loyalty program	12	10	23	19
Net gains and interest income from marketable securities held to fund rabbi trusts	12	10	23	19
Deferred compensation plans held in rabbi trusts
Gain (Loss) on Securities [Line Items]
Unrealized gains (losses)	45	9	(5)	37
Realized gains	$ 4	$ 2	$ 6	$ 4

Debt and Equity Securities - _2

Debt and Equity Securities - Held for Investment Purposes (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Schedule of Investments
Common shares of Playa N.V. (Note 5)	$ 44	$ 102
Held for Investment Purposes
Schedule of Investments
Time deposits (a)	301	37
Interest-bearing money market funds (a)	298	147
Common shares of Playa N.V. (Note 5)	44	102
Total marketable securities held for investment/operating purposes	643	286
Less current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(599)	(184)
Marketable securities held for investment purposes included in other assets	$ 44	$ 102

Debt and Equity Securities - Fa

Debt and Equity Securities - Fair Value of Investments (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	$ 1,809	$ 1,399
Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	461	269
Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	518	502
Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	44	102
Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	308	47
Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	198	202
Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	42	50
Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	174	161
Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	24	23
Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	35	39
Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	5	4
Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	723	269
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	461	269
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	262	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	65	68
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	41	41
Short-term investments | Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	8	4
Short-term investments | Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	3
Short-term investments | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	16	20
Short-term investments | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments | Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Short-term investments | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Prepaids and other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	66
Prepaids and other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Prepaids and other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Prepaids and other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Prepaids and other assets | Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	31
Prepaids and other assets | Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	6
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	18
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	4
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	6
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	1
Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	1,021	996
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	518	502
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	44	102
Other assets | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	5	6
Other assets | Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	190	167
Other assets | Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	42	41
Other assets | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	158	123
Other assets | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	24	19
Other assets | Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	35	33
Other assets | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	$ 5	$ 3

Financing Receivables - Schedul

Financing Receivables - Schedule of Financing Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable
Less: allowance for losses	$ (105)		$ (100)
Total long-term financing receivables, net of allowances	33		35
Unsecured financing
Accounts, Notes, Loans and Financing Receivable
Unsecured financing to hotel owners	139		135
Less: current portion of financing receivables, included in receivables, net	(1)		0
Less: allowance for losses	(105)	$ (99)	(100)	$ (100)	$ (103)	$ (101)
Total long-term financing receivables, net of allowances	$ 33		$ 35

Financing Receivables - Allowan

Financing Receivables - Allowance for Losses and Impairments (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Allowance for Losses and Impairments
Allowance beginning balance		$ 100
Allowance ending balance	$ 105
Unsecured financing
Allowance for Losses and Impairments
Allowance beginning balance	99	100	$ 103	$ 101
Provisions	3	2	1	2
Write-offs	0		(4)
Foreign currency exchange, net	3	(3)	0	0
Allowance ending balance	$ 105	$ 99	$ 100	$ 103

Financing Receivables - Credit

Financing Receivables - Credit Monitoring (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Unsecured Financing Receivables
Related allowance	$ (105)	$ (100)
Unsecured financing
Unsecured Financing Receivables
Gross loan balance (principal and interest)	139	135
Related allowance	(105)	(100)	$ (99)	$ (100)	$ (103)	$ (101)
Net financing receivables	34	35
Gross receivables on non-accrual status	102	99
Unsecured financing | Loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	33	33
Related allowance	(1)	(1)
Net financing receivables	32	32
Gross receivables on non-accrual status	0	0
Unsecured financing | Impaired loans
Unsecured Financing Receivables
Impaired loans	43	43
Impaired loans, allowance	(43)	(43)
Net financing receivables	0	0
Gross receivables on non-accrual status	43	43
Impaired financing receivable, unpaid principal balance	32	33
Impaired financing receivable, average recorded investment	43	46
Unsecured financing | Total loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	76	76
Related allowance	(44)	(44)
Net financing receivables	32	32
Gross receivables on non-accrual status	43	43
Unsecured financing | Other financing arrangements
Unsecured Financing Receivables
Gross loan balance (principal and interest)	63	59
Related allowance	(61)	(56)
Net financing receivables	2	3
Gross receivables on non-accrual status	$ 59	$ 56

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Land Held for Development
Business Acquisition [Line Items]
Payments to acquire land	$ 15

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Dispositions Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investments	$ 259		$ 232
Equity securities without a readily determinable fair value	12		$ 7
Right-of-use assets obtained in exchange for operating lease liabilities	$ 5	$ 5
Property Under Development, Hotel Philadelphia, Pennsylvania and Adjacent Parking and Retail Space | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration in exchange for the third party investment	60.00%
Proceeds from sales of assets, investing activities	$ 72
Equity method investment, ownership percentage	40.00%
Gains on sales of real estate	$ 4
Global Contact Center, Omaha, Nebraska
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Right-of-use assets obtained in exchange for operating lease liabilities	$ 4
Weighted-average remaining lease term - operating leases	9 years
Weighted-average discount rate - operating leases	3.25%
Operating lease, option to extend term	5 years
Global Contact Center, Omaha, Nebraska | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gains on sales of real estate	$ 4
Disposal group, consideration	6
Unconsolidated Hospitality Venture | Property Under Development, Hotel Philadelphia, Pennsylvania and Adjacent Parking and Retail Space | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investments	22
Equity securities without a readily determinable fair value	$ 5

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Like-Kind Exchange Agreements (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Like-kind exchange period for replacement property identified	45 days
Disposal group, disposed of by sale | Grand Hyatt San Francisco, Andaz Maui at Wailea Resort, and Hyatt Regency Coconut Point Resort & Spa
Business Acquisition [Line Items]
Proceeds held as restricted for use		$ 115
Disposal group, disposed of by sale | Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch
Business Acquisition [Line Items]
Like-kind exchange period for replacement property identified	180 days

Goodwill And Intangibles, Net -

Goodwill And Intangibles, Net - Schedule of Goodwill (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 288	$ 326

Goodwill And Intangibles, Net_2

Goodwill And Intangibles, Net - Narrative (Details) - COVID-19 Pandemic $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)unit
Goodwill [Line Items]
Goodwill impairment charges | $	$ 38	$ 38
Number of reporting units | unit		2

Goodwill And Intangibles, Net_3

Goodwill And Intangibles, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 527	$ 533
Less: accumulated amortization	(109)	(96)
Intangibles, net	418	437
Brand and other indefinite-lived intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	144	144
Management and franchise agreement intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 361	367
Weighted- average useful lives in years	18 years
Advanced booking intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 14	14
Weighted- average useful lives in years	5 years
Other definite-lived intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 8	$ 8
Weighted- average useful lives in years	6 years

Goodwill And Intangibles, Net_4

Goodwill And Intangibles, Net - Amortization Expense Table (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7	$ 7	$ 14	$ 10

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Other Assets, Noncurrent [Abstract]
Marketable securities held to fund rabbi trusts (Note 5)	$ 453	$ 450
Management and franchise agreement assets constituting payments to customers (1)	437	423
Marketable securities held to fund the loyalty program (Note 5)	431	347
Marketable securities held for captive insurance companies (Note 5)	93	97
Long-term investments	92	65
Common shares of Playa N.V. (Note 5)	44	102
Other	161	104
Total other assets	$ 1,711	$ 1,588

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument
Long-term debt, net of current maturities	$ 2,491,000,000	$ 1,612,000,000
Unamortized discount and deferred financing fees	24,000,000	15,000,000
Revolving credit facility
Debt Instrument
Borrowings from revolving credit facility during period	400,000,000
Repayments of revolving credit facility during period	$ 400,000,000
Revolving credit facility, weighted average interest rate	1.71%
Revolving credit facility, outstanding balance	$ 0	$ 0
Revolving credit facility, remaining borrowing capacity	1,499,000,000
2025 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 450,000,000
Debt instrument, stated percent	5.375%
2030 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 450,000,000
Debt instrument, stated percent	5.75%
2025 Notes and 2030 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 890,000,000
Unamortized discount and deferred financing fees	10,000,000
2021 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 250,000,000
Debt instrument, stated percent	5.375%
2023 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 350,000,000
Debt instrument, stated percent	3.375%
2026 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 400,000,000
Debt instrument, stated percent	4.85%
2028 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 400,000,000
Debt instrument, stated percent	4.375%

Debt - Fair Value (Details)

Debt - Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument
Finance lease obligations	$ 10	$ 11
Unamortized discount and deferred financing fees	24	15
Quoted prices in active markets for identical assets (Level One)
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	0	0
Significant other observable inputs (Level Two)
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	2,600	1,680
Significant unobservable inputs (Level Three)
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	41	60
Carrying value
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	2,514	1,627
Fair value
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	$ 2,641	$ 1,740

Debt - Interest Rate Locks (Det

Debt - Interest Rate Locks (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized losses on derivative activity, net of tax benefit	$ 3,000,000	$ 11,000,000	$ 37,000,000	$ 17,000,000
Interest Rate Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount					$ 275,000,000
Derivative liability, noncurrent					$ 24,000,000
Derivative, notional amount, settled value	61,000,000		$ 61,000,000
Derivative, loss on derivative	$ 1,000,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Other Liabilities [Abstract]
Deferred compensation plans funded by rabbi trusts (Note 5)	$ 453	$ 450
Income taxes payable	166	147
Self-insurance liabilities (Note 13)	74	80
Deferred income taxes (Note 12)	45	47
Guarantee liabilities (Note 13)	36	46
Other	92	114
Total other long-term liabilities	$ 866	$ 884

Taxes (Details)

Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Tax Credit Carryforward [Line Items]
Income tax benefit	$ 94	$ (19)	$ 129	$ (39)
Effective income tax rate	28.50%	18.40%	27.60%	20.70%
Foreign tax credit carryforward, valuation allowance	$ 24		$ 24
Settlement with Taxing Authority
Tax Credit Carryforward [Line Items]
Estimated income tax liability based on taxing authority’s assessment			196
Estimated income tax liability, interest			52
Amount of unrecognized tax benefits that would affect the tax rate if recognized	73		73
Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	18		18
Managed Properties | Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	14		14
Owned and leased hotels | Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	$ 4		$ 4

Commitments and Contingencies -

Commitments and Contingencies - Commitments and Performance Guarantees Narrative (Details)	Jun. 30, 2020USD ($)hotel	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Performance guarantee
Loss Contingencies
Remaining maximum exposure	$ 60,000,000
Guarantor obligations, liability, current carrying value	39,000,000	$ 36,000,000	$ 33,000,000	$ 23,000,000	$ 46,000,000	$ 47,000,000
Performance guarantee | Other long-term liabilities
Loss Contingencies
Guarantor obligations, liability, current carrying value	7,000,000		14,000,000
Performance guarantee | Accrued expenses and other current liabilitiess
Loss Contingencies
Guarantor obligations, liability, current carrying value	32,000,000		19,000,000
Performance Test Clause Guarantee
Loss Contingencies
Guarantor obligations, liability, current carrying value	$ 0		0
The four managed hotels in France (1) | Performance guarantee
Loss Contingencies
Hotels managed In France | hotel	4
Guarantor obligations, liability, current carrying value	$ 26,000,000	$ 21,000,000	$ 20,000,000	$ 16,000,000	$ 36,000,000	$ 36,000,000
Various Business Ventures
Loss Contingencies
Commitment to loan or investment	$ 277,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Guarantor Obligations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Guarantor Obligations
Amortization of initial guarantee obligation liability into income	$ (1)		$ (5)		$ (6)	$ (9)
Performance guarantee expense (recovery), net	13		3		39	24
Performance guarantee
Guarantor Obligations
Beginning balance	36	$ 33	46	$ 47	33	47
Initial guarantee obligation liability		0		1
Amortization of initial guarantee obligation liability into income	(1)	(5)	(5)	(4)
Performance guarantee expense (recovery), net	13	26	3	21
Net payments during the period	(8)	(18)	(21)	(19)
Foreign currency exchange, net	(1)		0
Ending balance	39	36	23	46	39	23
Performance guarantee | The four managed hotels in France (1)
Guarantor Obligations
Beginning balance	21	20	36	36	20	36
Initial guarantee obligation liability		0		0
Amortization of initial guarantee obligation liability into income	0	(4)	(4)	(4)
Performance guarantee expense (recovery), net	6	20	4	20
Net payments during the period	0	(15)	(20)	(16)
Foreign currency exchange, net	(1)		0
Ending balance	26	21	16	36	26	16
Performance guarantee | Other performance guarantees
Guarantor Obligations
Beginning balance	15	13	10	11	13	11
Initial guarantee obligation liability		0		1
Amortization of initial guarantee obligation liability into income	(1)	(1)	(1)	0
Performance guarantee expense (recovery), net	7	6	(1)	1
Net payments during the period	(8)	(3)	(1)	(3)
Foreign currency exchange, net	0		0
Ending balance	$ 13	$ 15	$ 7	$ 10	$ 13	$ 7

Commitments and Contingencies_3

Commitments and Contingencies - Debt Repayment and Other Guarantees Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	$ 36,000,000		$ 36,000,000		$ 46,000,000
Debt repayment guarantee credit loss (Note 13)	13,000,000	$ 0	13,000,000	$ 0
COVID-19 Pandemic | Operating Income (Loss)
Loss Contingencies
Debt repayment guarantee credit loss (Note 13)	13,000,000		13,000,000
Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	42,000,000		42,000,000		32,000,000
Other long-term liabilities | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	29,000,000		29,000,000		32,000,000
Accrued expenses and other current liabilities | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	$ 13,000,000		$ 13,000,000		$ 0

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Debt Guarantees (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	$ 36,000,000	$ 46,000,000
Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	457,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	287,000,000
Debt repayment and other guarantees, other long-term liabilities	42,000,000	32,000,000
Debt repayment and other guarantees | Hotel properties in India
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	162,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	162,000,000
Debt repayment and other guarantees, other long-term liabilities	2,000,000	5,000,000
Debt repayment and other guarantees | Hotel and residential properties in Brazil
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	89,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	38,000,000
Debt repayment and other guarantees, other long-term liabilities	16,000,000	3,000,000
Debt repayment and other guarantees | Hotel Properties In Tennessee
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	44,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	20,000,000
Debt repayment and other guarantees, other long-term liabilities	7,000,000	8,000,000
Debt repayment and other guarantees | Hotel properties in California
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	38,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	15,000,000
Debt repayment and other guarantees, other long-term liabilities	2,000,000	3,000,000
Debt repayment and other guarantees | Hotel Properties in Massachusetts
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	30,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	15,000,000
Debt repayment and other guarantees, other long-term liabilities	5,000,000	6,000,000
Debt repayment and other guarantees | Hotel Property In Pennsylvania
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	27,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	11,000,000
Debt repayment and other guarantees, other long-term liabilities	1,000,000	0
Debt repayment and other guarantees | Hotel Properties in Georgia
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	27,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	13,000,000
Debt repayment and other guarantees, other long-term liabilities	5,000,000	2,000,000
Debt repayment and other guarantees | Hotel property in Oregon
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	21,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	8,000,000
Debt repayment and other guarantees, other long-term liabilities	2,000,000	3,000,000
Debt repayment and other guarantees | Other
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	19,000,000
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	5,000,000
Debt repayment and other guarantees, other long-term liabilities	2,000,000	$ 2,000,000
Debt repayment and other guarantees | Joint venture | Hotel properties in India
Loss Contingencies
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	$ 81,000,000
Debt repayment and other guarantees, equity method investment, ownership percentage	50.00%
Completion Guarantee | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	$ 3,000,000
Construction Loans | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	$ 0

Commitments and Contingencies_5

Commitments and Contingencies - Guarantee Liabilities Fair Value Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Guarantees, fair value disclosure	$ 78	$ 62

Commitments and Contingencies_6

Commitments and Contingencies - Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit, and Other Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Loss Contingencies
Self insurance reserve, current	$ 36	$ 41
Self-insurance reserve, noncurrent	74	$ 80
Surety bonds	51
Maximum
Loss Contingencies
Maximum exposure of possible loss	18
Letter of credit
Loss Contingencies
Letters of credit outstanding, amount	256
Letters of credit outstanding, reduction to available capacity	$ 1
Various US
Loss Contingencies
Multiemployer plans, collective-bargaining arrangement, percentage of participants	24.00%

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Total Equity
Balance, beginning of period	$ 3,708,000,000	$ 3,628,000,000	$ 3,967,000,000	$ 3,677,000,000
Balance, end of period	3,493,000,000	3,647,000,000	3,493,000,000	3,647,000,000
Foreign currency translation adjustments
Total Equity
Balance, beginning of period	(234,000,000)	(197,000,000)	(183,000,000)	(191,000,000)
Current period other comprehensive income (loss) before reclassification	19,000,000	6,000,000	(32,000,000)	0
Amount reclassified from accumulated other comprehensive loss (b)	0	0	0	0
Balance, end of period	(215,000,000)	(191,000,000)	(215,000,000)	(191,000,000)
Unrecognized gains on AFS debt securities
Total Equity
Balance, beginning of period	1,000,000		1,000,000
Current period other comprehensive income (loss) before reclassification	0		0
Amount reclassified from accumulated other comprehensive loss (b)	0		0
Balance, end of period	1,000,000		1,000,000
Unrecognized pension cost
Total Equity
Balance, beginning of period	(9,000,000)	(5,000,000)	(9,000,000)	(5,000,000)
Current period other comprehensive income (loss) before reclassification	0	0	0	0
Amount reclassified from accumulated other comprehensive loss (b)	0	0	0	0
Balance, end of period	(9,000,000)	(5,000,000)	(9,000,000)	(5,000,000)
Unrealized losses on derivative instruments
Total Equity
Balance, beginning of period	(43,000,000)	(8,000,000)	(18,000,000)	(4,000,000)
Current period other comprehensive income (loss) before reclassification	(2,000,000)	(8,000,000)	(27,000,000)	(12,000,000)
Amount reclassified from accumulated other comprehensive loss (b)	1,000,000	0	1,000,000	0
Balance, end of period	(44,000,000)	(16,000,000)	(44,000,000)	(16,000,000)
Accumulated other comprehensive loss
Total Equity
Balance, beginning of period	(285,000,000)	(210,000,000)	(209,000,000)	(200,000,000)
Current period other comprehensive income (loss) before reclassification	17,000,000	(2,000,000)	(59,000,000)	(12,000,000)
Amount reclassified from accumulated other comprehensive loss (b)	1,000,000	0	1,000,000	0
Balance, end of period	(267,000,000)	$ (212,000,000)	(267,000,000)	$ (212,000,000)
Interest Rate Contract
Total Equity
Amount reclassified from accumulated other comprehensive loss, tax	$ 0		0
Amount reclassified from accumulated other comprehensive loss			$ 6,000,000

Equity - Share Repurchase (Deta

Equity - Share Repurchase (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Share Repurchase
Stock repurchase program, authorized amount			$ 750,000,000	$ 750,000,000
Stock repurchased during period (in shares)	827,643	2,052,536
Stock repurchased and retired during period, excluding insignificant expenses	$ 69,000,000	$ 147,000,000
Percent of stock outstanding repurchased during period	1.00%	2.00%
Stock repurchase program, remaining authorized repurchase amount	$ 928,000,000
Weighted Average
Share Repurchase
Stock repurchased and retired during period (in dollars per share)	$ 84.08	$ 71.85

Equity - Dividend (Details)

Equity - Dividend (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 09, 2020	Feb. 13, 2020	Jun. 10, 2019	May 17, 2019	Mar. 11, 2019	Feb. 13, 2019	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Cash dividends							$ 0	$ 20	$ 20	$ 20	$ 20	$ 40
Cash dividend (in dollars per share)	$ 0.20		$ 0.19		$ 0.19			$ 0.20	$ 0.19	$ 0.19
Cash dividend declared (in dollars per share)		$ 0.2		$ 0.19		$ 0.19
Common Class A
Class of Stock [Line Items]
Cash dividends							0		$ 7		7	14
Common Class B
Class of Stock [Line Items]
Cash dividends							$ 0		$ 13		$ 13	$ 26

Stock-Based Compensation - Comp

Stock-Based Compensation - Compensation Expense Related to Long-Term Incentive Plan (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 2	$ 4	$ 17	$ 24
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	0	0	10	10
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	4	2	14	11
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ (2)	$ 2	$ (7)	$ 3

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
SARs and RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Amortization period, deferred compensation expense	3 years
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	1,250,434	643,989
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 8.88	$ 17.11
Total unearned compensation	$ 2,000,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	519,730	355,774
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 48.66	$ 72.05
Total unearned compensation	$ 16,000,000
Performance Shares (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	0	120,720
Grants in period, weighted-average fair value at grant date (in dollars per share)		$ 77.95
Total unearned compensation	$ 0

Related-Party Transactions - Le

Related-Party Transactions - Legal Services (Details) - Family member of management - Related party legal services - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction
Legal services	$ 3,000,000	$ 2,000,000	$ 5,000,000	$ 3,000,000
Due to (from) related parties	$ 1,000,000		$ 1,000,000		$ 0

Related-Party Transactions - Eq

Related-Party Transactions - Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Minimum
Related Party Transaction
Equity method investment, ownership percentage	24.00%		24.00%
Maximum
Related Party Transaction
Equity method investment, ownership percentage	50.00%		50.00%
Equity method investee
Related Party Transaction
Management, franchise, and other fees	$ 1	$ 5	$ 4	$ 10
Guarantee fees	1	$ 1	2	$ 2
Due (to) from related parties	$ 15		$ 15		$ 17

Related-Party Transactions - Sh

Related-Party Transactions - Share Conversion (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Common Class B
Related Party Transaction
Conversion of stock, shares converted (in shares)	2,435,243	2,435,243
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common Class A
Related Party Transaction
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01

Segment Information - Summarize

Segment Information - Summarized Consolidated Financial Information by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Total revenues	$ 250	$ 1,289	$ 1,243	$ 2,530
Adjusted EBITDA	(117)	213	(31)	400
Depreciation and amortization	73	83	153	163
Owned and leased hotels
Segment Reporting Information
Total revenues	19	490	342	960
Other revenues
Segment Reporting Information
Total revenues	3	28	38	73
Management, franchise, and other fees
Segment Reporting Information
Total revenues	20	158	128	299
Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(7)	(6)	(13)	(11)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	215	619	748	1,209
Operating segments | Owned and leased hotels
Segment Reporting Information
Total revenues	20	499	350	976
Adjusted EBITDA	(78)	115	(44)	218
Depreciation and amortization	56	66	119	130
Operating segments | Owned and leased hotels | Owned and leased hotels
Segment Reporting Information
Total revenues	20	499	350	976
Operating segments | Owned and leased hotels | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | Owned and leased hotels | Management, franchise, and other fees
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | Owned and leased hotels | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | Americas management and franchising
Segment Reporting Information
Total revenues	192	710	783	1,394
Adjusted EBITDA	(3)	102	65	195
Depreciation and amortization	5	6	10	12
Operating segments | Americas management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | Americas management and franchising | Other revenues
Segment Reporting Information
Total revenues	2	19	29	55
Operating segments | Americas management and franchising | Management, franchise, and other fees
Segment Reporting Information
Total revenues	8	119	92	223
Operating segments | Americas management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(4)	(3)	(8)	(7)
Operating segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	186	575	670	1,123
Operating segments | ASPAC management and franchising
Segment Reporting Information
Total revenues	22	57	67	113
Adjusted EBITDA	(2)	20	6	40
Depreciation and amortization	1	1	2	2
Operating segments | ASPAC management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | ASPAC management and franchising | Management, franchise, and other fees
Segment Reporting Information
Total revenues	6	32	25	64
Operating segments | ASPAC management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(1)	(1)	(2)	(1)
Operating segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	17	26	44	50
Operating segments | EAME/SW Asia management and franchising
Segment Reporting Information
Total revenues	12	34	41	68
Adjusted EBITDA	(11)	11	(10)	21
Depreciation and amortization	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating segments | EAME/SW Asia management and franchising | Management, franchise, and other fees
Segment Reporting Information
Total revenues	2	19	12	37
Operating segments | EAME/SW Asia management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(2)	(2)	(3)	(3)
Operating segments | EAME/SW Asia management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	12	17	32	34
Eliminations
Segment Reporting Information
Total revenues	0	(27)	(18)	(53)
Adjusted EBITDA	0	2	2	3
Eliminations | Owned and leased hotels
Segment Reporting Information
Total revenues	(1)	(9)	(8)	(16)
Eliminations | Other revenues
Segment Reporting Information
Total revenues	0	1	0	1
Eliminations | Management, franchise, and other fees
Segment Reporting Information
Total revenues	1	(19)	(10)	(38)
Eliminations | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Owned and leased hotels
Segment Reporting Information
Total revenues	1	9	8	16
Eliminations | Americas management and franchising
Segment Reporting Information
Total revenues	(1)	17	9	34
Eliminations | ASPAC management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | EAME/SW Asia management and franchising
Segment Reporting Information
Total revenues	0	2	1	4
Eliminations | Corporate and other
Segment Reporting Information
Total revenues	0	(1)	0	(1)
Corporate and other
Segment Reporting Information
Total revenues	4	15	18	30
Adjusted EBITDA	(23)	(37)	(50)	(77)
Depreciation and amortization	11	10	22	19
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	$ 0	$ 1	$ 2	$ 2

Segment Information - Reconcili

Segment Information - Reconciliation of Net Income attributable to Hyatt Hotels Corporation to EBITDA and a Reconciliation of EBITDA to Consolidated Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Net income (loss) attributable to Hyatt Hotels Corporation	$ (236)	$ 86	$ (339)	$ 149
Interest expense	35	20	52	39
(Benefit) provision for income taxes	(94)	19	(129)	39
Depreciation and amortization	73	83	153	163
EBITDA	(222)	208	(263)	390
Revenues	(250)	(1,289)	(1,243)	(2,530)
Equity (earnings) losses from unconsolidated hospitality ventures	23	(6)	25	(3)
Stock-based compensation expense	2	4	17	24
Gains on sales of real estate	0	0	(8)	(1)
Asset impairments	49	1	52	4
Other (income) loss, net	14	(28)	95	(79)
Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA	(10)	14	(4)	25
Adjusted EBITDA	(117)	213	(31)	400
Contra revenue
Segment Reporting Information
Revenues	7	6	13	11
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Revenues	(215)	(619)	(748)	(1,209)
Costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Costs incurred on behalf of managed and franchised properties	$ 235	$ 633	$ 790	$ 1,238

Earnings (Losses) Per Share - S

Earnings (Losses) Per Share - Schedule of the Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income (loss)	$ (236)	$ 86	$ (339)	$ 149
Net income (loss) attributable to noncontrolling interests	0	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (236)	$ 86	$ (339)	$ 149
Denominator:
Basic weighted-average shares outstanding (in shares)	101,273,404	105,372,799	101,314,230	105,673,464
Share-based compensation (in shares)	0	1,580,569	0	1,554,396
Diluted weighted-average shares outstanding (in shares)	101,273,404	106,953,368	101,314,230	107,227,860
Basic Earnings (Losses) Per Share:
Net income (loss) (in dollars per share)	$ (2.33)	$ 0.81	$ (3.35)	$ 1.41
Net income (loss) and accretion attributable to noncontrolling interests (in dollars per share)	0	0	0	0
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	(2.33)	0.81	(3.35)	1.41
Diluted Earnings (Losses) Per Share:
Net income (loss) (in dollars per share)	(2.33)	0.80	(3.35)	1.39
Net income (loss) and accretion attributable to noncontrolling interests (in dollars per share)	0	0	0	0
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	$ (2.33)	$ 0.80	$ (3.35)	$ 1.39

Earnings (Losses) Per Share - A

Earnings (Losses) Per Share - Anti-dilutive Shares Issued (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
SARs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	383,500	18,800	832,900	13,900
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	513,100	300	480,000	100

Other Income (Loss), Net (Detai

Other Income (Loss), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Income and Expenses [Abstract]
Restructuring expenses	$ (47)	$ 0	$ (47)	$ 0
Performance guarantee expense, net (Note 13)	(13)	(3)	(39)	(24)
Debt repayment guarantee credit loss (Note 2 and Note 13)	(13)	0	(13)	0
Release of contingent consideration liability	0	2	0	27
Release and amortization of debt repayment guarantee liability	1	0	1	17
Performance guarantee liability amortization (Note 13)	1	5	6	9
Realized gains (Note 5)	3	0	4	0
Depreciation recovery	6	6	12	12
Interest income	6	6	17	12
Unrealized gains (losses), net (Note 5)	35	8	(44)	20
Other, net	7	4	8	6
Other income (loss), net	(14)	28	(95)	79
Business Acquisition, Contingent Consideration [Line Items]
Restructuring expenses	47	0	47	0
Release of contingent consideration liability	0	(2)	0	(27)
Release and amortization of debt repayment guarantee liability	1	$ 0	1	17
Two Roads Hospitality LLC
Other Income and Expenses [Abstract]
Release of contingent consideration liability				(27)
Business Acquisition, Contingent Consideration [Line Items]
Release of contingent consideration liability				27
Hotel Property in Washington
Other Income and Expenses [Abstract]
Release and amortization of debt repayment guarantee liability				15
Business Acquisition, Contingent Consideration [Line Items]
Release and amortization of debt repayment guarantee liability				$ 15
COVID-19 Pandemic
Other Income and Expenses [Abstract]
Restructuring expenses	(47)		(47)
Business Acquisition, Contingent Consideration [Line Items]
Restructuring expenses	$ 47		$ 47

Uncategorized Items - hq263020v

Label	Element	Value	[1]
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	$ 20,000,000
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	$ 20,000,000
[1]	Restricted cash generally represents sales proceeds pursuant to like-kind exchanges, debt service on bonds, escrow deposits, and other arrangements.