Hyatt Hotels (H) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
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	Q3
Amendment Flag	false
Common Class A
Document Information
Entity Common Stock, Shares Outstanding		38,479,041
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
REVENUES:
Total revenues	$ 399	$ 1,215	$ 1,642	$ 3,745
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Depreciation and amortization	80	85	233	248
Other direct costs	9	28	50	103
Selling, general, and administrative	69	83	217	306
Direct and selling, general, and administrative expenses	567	1,175	2,063	3,598
Net gains and interest income from marketable securities held to fund rabbi trusts	22	0	23	41
Equity losses from unconsolidated hospitality ventures	(20)	(5)	(45)	(2)
Interest expense	(35)	(19)	(87)	(58)
Gains on sales of real estate	0	373	8	374
Asset impairments	0	(9)	(52)	(13)
Other income (loss), net	(19)	25	(114)	104
INCOME (LOSS) BEFORE INCOME TAXES	(220)	405	(688)	593
BENEFIT (PROVISION) FOR INCOME TAXES	59	(109)	188	(148)
NET INCOME (LOSS)	(161)	296	(500)	445
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (161)	$ 296	$ (500)	$ 445
EARNINGS (LOSSES) PER SHARE—Basic
Net income (loss) (in dollars per share)	$ (1.59)	$ 2.84	$ (4.93)	$ 4.23
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	(1.59)	2.84	(4.93)	4.23
EARNINGS (LOSSES) PER SHARE—Diluted
Net income (loss) (in dollars per share)	(1.59)	2.80	(4.93)	4.17
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share)	$ (1.59)	$ 2.80	$ (4.93)	$ 4.17
Owned and leased hotels
REVENUES:
Total revenues	$ 80	$ 430	$ 422	$ 1,390
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	131	346	495	1,070
Costs incurred on behalf of managed and franchised properties	131	346	495	1,070
Management, franchise, and other fees
REVENUES:
Total revenues	52	148	180	447
Amortization of management and franchise agreement assets constituting payments to customers
REVENUES:
Total revenues	(7)	(5)	(20)	(16)
Net management, franchise, and other fees
REVENUES:
Total revenues	45	143	160	431
Other revenues
REVENUES:
Total revenues	7	25	45	98
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
REVENUES:
Total revenues	267	617	1,015	1,826
Costs incurred on behalf of managed and franchised properties
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	278	633	1,068	1,871
Costs incurred on behalf of managed and franchised properties	$ 278	$ 633	$ 1,068	$ 1,871

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (161)	$ 296	$ (500)	$ 445
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax expense (benefit) of $1 for the three and nine months ended September 30, 2020 and $(1) for the three and nine months ended September 30, 2019, respectively	15	(27)	(17)	(27)
Unrealized gains (losses) on derivative activity, net of tax benefit of $— and $(9) for the three and nine months ended September 30, 2020 and $(3) and $(7) for the three and nine months ended September 30, 2019, respectively	2	(9)	(24)	(21)
Other comprehensive income (loss)	17	(36)	(41)	(48)
COMPREHENSIVE INCOME (LOSS)	(144)	260	(541)	397
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (144)	$ 260	$ (541)	$ 397

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - Parentheticals - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, net of tax (benefit)	$ 1	$ (1)	$ 1	$ (1)
Unrealized gains on derivative activity, net of tax expense	$ 0	$ (3)	$ (9)	$ (7)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020		Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,778		$ 893
Restricted cash	12	[1]	150
Short-term investments	310		68
Receivables, net of allowances of $46 and $32 at September 30, 2020 and December 31, 2019, respectively	322		421
Inventories	14		12
Prepaids and other assets	42		134
Prepaid income taxes	160		28
Total current assets	2,638		1,706
Equity method investments	260		232
Property and equipment, net	3,178		3,456
Financing receivables, net of allowances of $107 and $100 at September 30, 2020 and December 31, 2019, respectively	32		35
Operating lease right-of-use assets	485		493
Goodwill	288		326
Intangibles, net	412		437
Deferred tax assets	243		144
Other assets	1,689		1,588
TOTAL ASSETS	9,225		8,417
CURRENT LIABILITIES:
Current maturities of long-term debt	260		11
Accounts payable	101		150
Accrued expenses and other current liabilities	228		304
Current contract liabilities	246		445
Accrued compensation and benefits	103		144
Current operating lease liabilities	32		32
Total current liabilities	970		1,086
Long-term debt	2,981		1,612
Long-term contract liabilities	643		475
Long-term operating lease liabilities	390		393
Other long-term liabilities	888		884
Total liabilities	5,872		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 September 30, 2020 and December 31, 2019	0		0
Common stock, value	1		1
Additional paid-in capital	7		0
Retained earnings	3,592		4,170
Accumulated other comprehensive loss	(250)		(209)
Total stockholders' equity	3,350		3,962
Noncontrolling interests in consolidated subsidiaries	3		5
Total equity	3,353		3,967
TOTAL LIABILITIES AND EQUITY	$ 9,225		$ 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	Sep. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts receivable, current	$ 46	$ 32
Financing receivable, allowance for credit loss	$ 107	$ 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)	38,466,898	36,109,179
Common stock, shares, issued (in shares)	38,466,898	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)	394,691,360	397,457,686
Common stock, shares, outstanding (in shares)	62,696,948	65,463,274
Common stock, shares, issued (in shares)	62,696,948	65,463,274

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (500)	$ 445
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gains on sales of real estate	(8)	(374)
Depreciation and amortization	233	248
Release of contingent consideration liability	0	(29)
Amortization of share awards	24	32
Amortization of operating lease right-of-use assets	23	28
Deferred income taxes	(59)	32
Asset impairments	52	13
Equity losses from unconsolidated hospitality ventures	45	2
Amortization of management and franchise agreement assets constituting payments to customers	20	16
Unrealized (gains) losses, net	36	(23)
Working capital changes and other	(329)	(116)
Net cash provided by (used in) operating activities	(463)	274
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments	(622)	(196)
Proceeds from marketable securities and short-term investments	399	255
Contributions to equity method and other investments	(57)	(39)
Return of equity method and other investments	5	26
Acquisitions, net of cash acquired	0	(18)
Capital expenditures	(104)	(244)
Proceeds from sales of real estate, net of cash disposed	78	461
Proceeds from financing receivables	0	46
Other investing activities	(17)	7
Net cash provided by (used in) investing activities	(318)	298
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of issuance costs of $15 and $— for the nine months ended September 30, 2020 and September 30, 2019, respectively	2,035	180
Repayments of debt	(405)	(187)
Repurchases of common stock	(69)	(280)
Contingent consideration paid	0	(24)
Dividends paid	(20)	(60)
Other financing activities	(14)	(9)
Net cash provided by (used in) financing activities	1,527	(380)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1	6
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	747	198
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR	1,063	622
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD	1,810	820
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Total cash, cash equivalents, and restricted cash	1,810	820
Cash paid during the period for interest	73	78
Cash paid during the period for income taxes	54	52
Cash paid for amounts included in the measurement of operating lease liabilities	32	38
Non-cash investing and financing activities are as follows:
Non-cash contributions to equity method and other investments (see Note 7, Note 13)	33	8
Change in accrued capital expenditures	(7)	11
Non-cash right-of-use assets obtained in exchange for operating lease liabilities (see Note 7)	$ 14	$ 8

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - Parenthetical - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Statement of Cash Flows [Abstract]
Debt issuance cost	$ 15	$ 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, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained 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)	397
Repurchase of common stock (in shares)									(677,384)
Repurchase of common stock									$ (50)
Cash dividends	(60)						$ (22)		$ (38)
Balance, end of period (in shares) at Sep. 30, 2019								36,811,374		66,438,444
Balance, end of period at Sep. 30, 2019	3,761	1	0	4,003	(248)	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)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	260			296	(36)
Repurchase of common stock (in shares)								(1,099,507)	(677,384)	(677,384)
Repurchase of common stock	(133)		(7)	(126)					$ (50)
Employee stock plan issuance (in shares)								20,026
Employee stock plan issuance	2		2
Share-based payment activity (in shares)								23,841
Share-based payment activity	5		5
Cash dividends	(20)			(20)			(8)		(12)
Balance, end of period (in shares) at Sep. 30, 2019								36,811,374		66,438,444
Balance, end of period at Sep. 30, 2019	3,761	1	0	4,003	(248)	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)	(541)
Cash dividends	(20)						(7)		(13)
Balance, end of period (in shares) at Sep. 30, 2020								38,466,898		62,696,948
Balance, end of period at Sep. 30, 2020	3,353	1	7	3,592	(250)	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 (in shares)								2,435,243		(2,435,243)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income (loss)	(144)			(161)	17
Employee stock plan issuance (in shares)								11,628
Employee stock plan issuance	0
Share-based payment activity (in shares)								9,506
Share-based payment activity	4		4
Class share conversions (in shares)								331,083		(331,083)
Cash dividends	0						$ 0		$ 0
Balance, end of period (in shares) at Sep. 30, 2020								38,466,898		62,696,948
Balance, end of period at Sep. 30, 2020	$ 3,353	$ 1	$ 7	$ 3,592	$ (250)	$ 3

Condensed Consolidated Statem_7

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

Organization

Organization	9 Months Ended
	Sep. 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 September 30, 2020, (i) we operated or franchised 462 full service hotels, comprising 158,731 rooms throughout the world, (ii) we operated or franchised 493 select service hotels, comprising 70,562 rooms, of which 418 hotels are located in the United States, and (iii) we franchised 8 all-inclusive Hyatt-branded resorts, comprising 3,153 rooms. At September 30, 2020, our portfolio of properties operated in 67 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, (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, and (vi) the term "hospitality ventures" refers to entities in the hospitality industry in which we own less than a 100% equity interest. 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	9 Months Ended
	Sep. 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 throughout 2020. As a result, our financial results for the current interim period, and for the foreseeable future, are not comparable to past performance or indicative of long-term 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 during the nine months ended September 30, 2020 for certain goodwill reporting units and indefinite-lived intangibles, and we updated our previous cash flow assumptions based on the current demand trends, historical experiences, and our future expectations for these reporting units and indefinite-lived intangibles. Our assumptions are subject to inherent risk and uncertainty due to the ongoing impact of the COVID-19 pandemic on the hospitality industry. Based on our discounted cash flow analyses, the carrying values of certain 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 nine months ended September 30, 2020 (see Note 8). The impairment charges were recognized in asset impairments on our condensed consolidated statements of income (loss) within the owned and leased hotels segment. We concluded that there were no impairments of indefinite-lived intangible assets during the nine months ended September 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. For the nine months ended September 30, 2020, 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, during the nine months ended September 30, 2020, we recognized $14 million of impairment charges related to 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 of the COVID-19 pandemic on the underlying operations of the investments to determine whether there were any indications that the declines in value were 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 analyses, during the three and nine months ended September 30, 2020, we recognized $6 million and $19 million, respectively, of accounts receivable reserves in selling, general, and administrative expenses on our condensed consolidated statements of income (loss). During the three and nine months ended September 30, 2020, we recognized $7 million and $12 million, respectively, of credit losses related to certain of our held-to-maturity ("HTM") debt securities and financing receivables, of which $1 million and $6 million was offset by interest income recognized in the same periods (see Notes 5 and 6). The credit losses and interest income were both recognized in other income (loss), net on our condensed consolidated statements of income (loss). During the three and nine months ended September 30, 2020, we recognized $1 million and $14 million, respectively, in credit losses 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	9 Months Ended
	Sep. 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 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 AFS 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 losses 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 expenses 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 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 ("LIBOR") 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	9 Months Ended
	Sep. 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 September 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 $ 43 $ — $ — $ — $ — $ (2) $ 41 Food and beverage 20 — — — — — 20 Other 19 — — — — — 19 Owned and leased hotels 82 — — — — (2) 80 Base management fees — 12 7 2 — (2) 19 Incentive management fees — — 5 2 — (1) 6 Franchise fees — 15 — — — — 15 Other fees — 1 4 1 1 — 7 License fees — 1 1 — 3 — 5 Management, franchise, and other fees — 29 17 5 4 (3) 52 Amortization of management and franchise agreement assets constituting payments to customers — (5) — (2) — — (7) Net management, franchise, and other fees — 24 17 3 4 (3) 45 Other revenues — 4 — — 3 — 7 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 234 18 14 1 — 267 Total $ 82 $ 262 $ 35 $ 17 $ 8 $ (5) $ 399 Nine Months Ended September 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 $ 236 $ — $ — $ — $ — $ (10) $ 226 Food and beverage 128 — — — — — 128 Other 68 — — — — — 68 Owned and leased hotels 432 — — — — (10) 422 Base management fees — 60 16 10 — (12) 74 Incentive management fees — 1 8 4 — (1) 12 Franchise fees — 47 1 — — — 48 Other fees — 3 8 3 2 — 16 License fees — 10 9 — 11 — 30 Management, franchise, and other fees — 121 42 17 13 (13) 180 Amortization of management and franchise agreement assets constituting payments to customers — (13) (2) (5) — — (20) Net management, franchise, and other fees — 108 40 12 13 (13) 160 Other revenues — 33 — — 12 — 45 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 904 62 46 3 — 1,015 Total $ 432 $ 1,045 $ 102 $ 58 $ 28 $ (23) $ 1,642 Three Months Ended September 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 (a) Total Rooms revenues $ 263 $ — $ — $ — $ — $ (11) $ 252 Food and beverage 134 — — — — — 134 Other 44 — — — — — 44 Owned and leased hotels 441 — — — — (11) 430 Base management fees — 56 11 10 — (13) 64 Incentive management fees — 13 17 9 — (6) 33 Franchise fees — 36 1 — — — 37 Other fees — 2 3 2 1 — 8 License fees — 1 — — 5 — 6 Management, franchise, and other fees — 108 32 21 6 (19) 148 Amortization of management and franchise agreement assets constituting payments to customers — (4) — (1) — — (5) Net management, franchise, and other fees — 104 32 20 6 (19) 143 Other revenues — 16 — — 9 — 25 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 565 30 20 2 — 617 Total $ 441 $ 685 $ 62 $ 40 $ 17 $ (30) $ 1,215 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Nine Months Ended September 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 (a) Total Rooms revenues $ 821 $ — $ — $ — $ — $ (27) $ 794 Food and beverage 461 — — — — — 461 Other 135 — — — — — 135 Owned and leased hotels 1,417 — — — — (27) 1,390 Base management fees — 175 33 27 — (40) 195 Incentive management fees — 46 51 26 — (17) 106 Franchise fees — 104 3 — — — 107 Other fees — 3 9 5 4 — 21 License fees — 3 — — 15 — 18 Management, franchise, and other fees — 331 96 58 19 (57) 447 Amortization of management and franchise agreement assets constituting payments to customers — (11) (1) (4) — — (16) Net management, franchise, and other fees — 320 95 54 19 (57) 431 Other revenues — 71 — — 26 1 98 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,688 80 54 4 — 1,826 Total $ 1,417 $ 2,079 $ 175 $ 108 $ 49 $ (83) $ 3,745 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Contract Balances Our contract assets, included in receivables, net on our condensed consolidated balance sheets, were insignificant both at September 30, 2020 and December 31, 2019. As our profitability hurdles are generally calculated on a full-year basis, we expect our contract assets to be insignificant through year end. Contract liabilities are comprised of the following: September 30, 2020 December 31, 2019 Deferred revenue related to the loyalty program $ 723 $ 671 Advanced deposits 38 77 Initial fees received from franchise owners 41 41 Deferred revenue related to system-wide services 7 5 Other deferred revenue 80 126 Total contract liabilities $ 889 $ 920 The following table summarizes the activity in our contract liabilities: 2020 2019 Beginning balance, January 1 $ 920 $ 830 Cash received and other 311 490 Revenue recognized (336) (459) Ending balance, June 30 895 861 Cash received and other 114 265 Revenue recognized (120) (251) Ending balance, September 30 $ 889 $ 875 Revenue recognized during the three months ended September 30, 2020 and September 30, 2019 included in the contract liabilities balance at the beginning of each year was $57 million and $80 million, respectively. Revenue recognized during the nine months ended September 30, 2020 and September 30, 2019 included in the contract liabilities balance at the beginning of the year was $215 million and $318 million, respectively. This revenue primarily relates to the loyalty program, which is recognized net of redemption reimbursements paid to third parties. 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 $125 million at September 30, 2020, of which we expect to recognize approximately 10% 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 have an original duration of 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	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Debt and Equity Securities	DEBT AND EQUITY SECURITIES Equity Method Investments Equity method investments were $260 million and $232 million at September 30, 2020 and December 31, 2019, respectively. During the nine months ended September 30, 2019, we recognized $8 million of gains in equity losses from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss) resulting from sales activity related to certain equity method investments within our owned and leased hotels segment. During the three and nine months ended September 30, 2019, we received $2 million and $25 million of related sales proceeds, respectively. During the three and nine months ended September 30, 2019, we recognized $6 million and $7 million of impairment charges, respectively, primarily related to one unconsolidated hospitality venture in equity losses from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss) as the carrying value was in excess of fair value. The fair value was determined to be a Level Three fair value measure, and the impairment was deemed other-than-temporary. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Total revenues $ 27 $ 130 $ 211 $ 371 Gross operating profit (loss) (11) 51 34 139 Income (loss) from continuing operations (57) 9 (143) (2) Net income (loss) (57) 9 (143) (2) 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: September 30, 2020 December 31, 2019 Loyalty program (Note 9) $ 556 $ 483 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 464 450 Captive insurance companies (Note 9) 158 180 Total marketable securities held to fund operating programs 1,178 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 (182) (219) Marketable securities held to fund operating programs included in other assets $ 996 $ 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Loyalty program (Note 19) $ 3 $ 5 $ 26 $ 24 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Unrealized gains (losses) $ 16 $ (2) $ 11 $ 35 Realized gains 6 2 12 6 Net gains and interest income from marketable securities held to fund rabbi trusts $ 22 $ — $ 23 $ 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: September 30, 2020 December 31, 2019 Interest-bearing money market funds (a) $ 763 $ 147 Time deposits (a) 288 37 Common shares of Playa N.V. (Note 9) 51 102 Total marketable securities held for investment purposes 1,102 286 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (1,051) (184) Marketable securities held for investment purposes included in other assets $ 51 $ 102 (a) A portion of proceeds from our senior notes issuances during the nine months ended September 30, 2020 were reinvested in interest-bearing money market funds and time deposits at September 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 $7 million and $1 million of unrealized gains for the three months ended September 30, 2020 and September 30, 2019, respectively, and $51 million of unrealized losses and $8 million of unrealized gains for the nine months ended September 30, 2020 and September 30, 2019, respectively, recognized in other income (loss), net on our condensed consolidated statements of income (loss) (see Note 19). We did not sell any shares of common stock during the nine months ended September 30, 2020 or September 30, 2019. Other Investments HTM Debt Securities —At September 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 2021 and 2027. At September 30, 2020, our investments were net of allowances of $20 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 September 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: September 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 $ 920 $ 920 $ — $ — $ — Mutual funds 530 — — — 530 Common shares 51 — — — 51 Level Two - Significant Other Observable Inputs Commercial paper 1 1 — — — Time deposits 294 2 287 — 5 U.S. government obligations 204 — 6 — 198 U.S. government agencies 52 — 2 — 50 Corporate debt securities 168 — 15 — 153 Mortgage-backed securities 23 — — — 23 Asset-backed securities 32 — — — 32 Municipal and provincial notes and bonds 5 — — — 5 Total $ 2,280 $ 923 $ 310 $ — $ 1,047 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 nine months ended September 30, 2020 and September 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	9 Months Ended
	Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	FINANCING RECEIVABLES September 30, 2020 December 31, 2019 Unsecured financing to hotel owners $ 143 $ 135 Less: current portion of financing receivables, included in receivables, net (1) — Less: allowance for losses (110) (100) Total long-term financing receivables, net of allowances $ 32 $ 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 5 3 Write-offs — (4) Allowance at June 30 105 100 Provisions 5 1 Foreign currency exchange, net — (1) Allowance at September 30 $ 110 $ 100 Credit Monitoring —Our unsecured financing receivables were as follows: September 30, 2020 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 32 $ (1) $ 31 $ — Impaired loans (1) 46 (46) — 46 Total loans 78 (47) 31 46 Other financing arrangements 65 (63) 2 61 Total unsecured financing receivables $ 143 $ (110) $ 33 $ 107 (1) The unpaid principal balance was $36 million and the average recorded loan balance was $45 million at September 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	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS Acquisitions Land —During the nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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. Hyatt Regency Atlanta —During the three months ended September 30, 2019, we sold Hyatt Regency Atlanta to an unrelated third party for approximately $346 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. We entered into a long-term management agreement for the property upon sale. The sale resulted in a $272 million pre-tax gain which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three and nine months ended September 30, 2019. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. Land and Lease Assignment —During the three months ended September 30, 2019, we sold the property adjacent to Grand Hyatt San Francisco and assigned the related Apple store lease to an unrelated third party for approximately $115 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. The sale resulted in a $101 million pre-tax gain which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three and nine months ended September 30, 2019. The operating results and financial position of this property prior to the sale remain within our owned and leased hotels segment. 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 three months ended September 30, 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 nine months ended September 30, 2020.

Goodwill And Intangibles, Net

Goodwill And Intangibles, Net	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangibles, Net	GOODWILL AND INTANGIBLES, NET September 30, 2020 December 31, 2019 Goodwill $ 288 $ 326 During the nine months ended September 30, 2020, we recognized $38 million of goodwill impairment charges related to two reporting units (see Note 2). During the nine months ended September 30, 2019, we did not recognize any goodwill impairment charges. September 30, 2020 Weighted- December 31, 2019 Management and franchise agreement intangibles $ 362 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 6 3 14 Other definite-lived intangibles 8 6 8 Intangibles 520 533 Less: accumulated amortization (108) (96) Intangibles, net $ 412 $ 437 Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Amortization expense $ 7 $ 8 $ 21 $ 18 During the nine months ended September 30, 2020, we recognized $4 million of impairment charges related to management agreement intangibles for contracts that terminated. During the three and nine months ended September 30, 2019, we recognized $9 million and $13 million of impairment charges related to management agreement intangibles, respectively, for contracts that terminated. The impairment charges were recognized in asset impairments on our condensed consolidated statements of income (loss), primarily within our Americas management and franchising segment.

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	OTHER ASSETS September 30, 2020 December 31, 2019 Marketable securities held to fund rabbi trusts (Note 5) $ 464 $ 450 Management and franchise agreement assets constituting payments to customers (1) 448 423 Marketable securities held to fund the loyalty program (Note 5) 434 347 Marketable securities held for captive insurance companies (Note 5) 98 97 Long-term investments (Note 5) 92 65 Common shares of Playa N.V. (Note 5) 51 102 Other 102 104 Total other assets $ 1,689 $ 1,588 (1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt, net of current maturities, was $2,981 million and $1,612 million at September 30, 2020 and December 31, 2019, respectively. Senior Notes —During the three months ended September 30, 2020, we issued $750 million of three-month LIBOR plus 3.000% senior notes due 2022 (the "2022 Notes") at par. We received approximately $745 million of net proceeds from the sale, after deducting $5 million of underwriting discounts and other offering expenses, which we intend to use for general corporate purposes. Interest on the 2022 Notes is payable quarterly on March 1, June 1, September 1, and December 1 of each year, beginning on December 1, 2020. During the nine months ended September 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") 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 nine months ended September 30, 2020, we entered into a Second Amendment to the Second Amended and Restated Credit Agreement (the "Revolver Amendment"). 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 nine months ended September 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 September 30, 2020. At September 30, 2020 and December 31, 2019, we had no balance outstanding. At September 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"), the 2022 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. September 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) $ 3,259 $ 3,435 $ — $ 3,395 $ 40 (1) Excludes $9 million of finance lease obligations and $27 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 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 sensitivities in these models were the forward and discount curves. During the nine months ended September 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, is amortized over the term of the 2030 Notes to interest expense on our condensed consolidated statements of income (loss). As a result, we recognized $2 million and $3 million of interest expense during the three and nine months ended September 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 nine months ended September 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 nine months ended September 30, 2020, we recognized $0 and $37 million of pre-tax losses, respectively, in unrealized gains (losses) on derivative activity on our condensed consolidated statements of comprehensive income (loss).

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities [Abstract]
Other Long-Term Liabilities	OTHER LONG-TERM LIABILITIES September 30, 2020 December 31, 2019 Deferred compensation plans funded by rabbi trusts (Note 5) $ 464 $ 450 Income taxes payable 169 147 Self-insurance liabilities (Note 13) 74 80 Deferred income taxes (Note 12) 49 47 Guarantee liabilities (Note 13) 32 46 Other 100 114 Total other long-term liabilities $ 888 $ 884

Taxes

Taxes	9 Months Ended
	Sep. 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 months ended September 30, 2020, we recognized a $7 million benefit related to the employee retention credit created under the CARES Act, of which $3 million was recognized as a reduction of owned and leased hotels expense and $4 million was recognized as a reduction of costs incurred on behalf of managed and franchised properties on our condensed consolidated statements of income (loss). During the nine months ended September 30, 2020, we recognized a $25 million benefit related to the employee retention credit created under the CARES Act, of which $7 million was recognized as a reduction of owned and leased hotels expense and $18 million was recognized as a reduction of costs incurred on behalf of managed and franchise properties on our condensed consolidated statements of income (loss). In both periods, the reduction of costs incurred on behalf of managed properties was offset by a reduction in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties with no impact to net income (loss) on our condensed consolidated statements of income (loss). The effective income tax rates for the three months ended September 30, 2020 and September 30, 2019 were 26.8% and 26.9%, respectively. The effective income tax rates for the nine months ended September 30, 2020 and September 30, 2019 were 27.3% and 25.0%, respectively. Our effective tax rate increased for the nine months ended September 30, 2020, compared to the nine months ended September 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 $23 million valuation allowance recorded on foreign tax credits not expected to be realized within the carryforward period. In addition, in 2019, we recognized 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.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 30, 2020, we are committed, under certain conditions, to lend or provide certain consideration to, or invest in, various business ventures up to $282 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 September 30, 2020, the remaining maximum exposure under our performance guarantees was $52 million. Our most significant performance guarantee, relating to four managed hotels in France, expired on April 30, 2020. We had $33 million of total net performance guarantee liabilities both at September 30, 2020 and December 31, 2019, respectively, which included $7 million and $14 million recorded in other long-term liabilities and $26 million and $19 million recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets, respectively. 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) (8) (2) (1) (6) (9) Performance guarantee expense, net 26 24 13 — 39 24 Net payments during the period (15) (36) (11) (4) (26) (40) Foreign currency exchange, net (1) — — — (1) — Ending balance, June 30 26 16 13 7 39 23 Amortization of initial guarantee obligation liability into income — (4) (1) (1) (1) (5) Performance guarantee expense (recovery), net — (1) 8 2 8 1 Net payments during the period (7) (3) (7) (2) (14) (5) Foreign currency exchange, net 1 (1) — — 1 (1) Ending balance, September 30 $ 20 $ 7 $ 13 $ 6 $ 33 $ 13 (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 September 30, 2020 and December 31, 2019, there were no amounts recorded 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 $39 million and $32 million of total debt repayment and other guarantees liabilities at September 30, 2020 and December 31, 2019, respectively, which included $25 million and $32 million recorded in other long-term liabilities and $14 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 September 30, 2020 Total liabilities recorded at December 31, 2019 Year of guarantee expiration Hotel properties in India (1) $ 168 $ 168 $ 1 $ 5 2021 Hotel and residential properties in Brazil (2), (3) 90 38 17 3 various, through 2023 Hotel properties in Tennessee (2) 44 20 6 8 various, through 2023 Hotel properties in California (2) 38 15 2 3 various, through 2021 Hotel property in Massachusetts (2), (4) 30 16 4 6 various, through 2022 Hotel property in Pennsylvania (2), (4) 27 11 1 — various, through 2023 Hotel properties in Georgia (2) 27 13 4 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 $ 464 $ 294 $ 39 $ 32 (1) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at September 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 $84 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 September 30, 2020, the maximum potential future payments are $4 million, and the maximum exposure net of recoverability from third parties is $2 million. 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 $1 million and $14 million of credit losses 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 nine months ended September 30, 2020, respectively (see Note 19). At September 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 $79 million and $62 million at September 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 $38 million and $41 million at September 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 September 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 September 30, 2020, approximately 27% 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 $50 million at September 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 September 30, 2020 were $264 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 recorded a liability in connection with this matter. At September 30, 2020, our maximum exposure is not expected to exceed $18 million.

Equity

Equity	9 Months Ended
	Sep. 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 Foreign currency translation adjustments $ (215) $ 15 $ — $ (200) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9) — — (9) Unrealized losses on derivative instruments (44) — 2 (42) Accumulated other comprehensive loss $ (267) $ 15 $ 2 $ (250) (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) $ (17) $ — $ (200) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9) — — (9) Unrealized losses on derivative instruments (18) (27) 3 (42) Accumulated other comprehensive loss $ (209) $ (44) $ 3 $ (250) (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 $ (191) $ (27) $ — $ (218) Unrecognized pension cost (5) — — (5) Unrealized losses on derivative instruments (16) (9) — (25) Accumulated other comprehensive loss $ (212) $ (36) $ — $ (248) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (191) $ (27) $ — $ (218) Unrecognized pension cost (5) — — (5) Unrealized losses on derivative instruments (4) (21) — (25) Accumulated other comprehensive loss $ (200) $ (48) $ — $ (248) 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 nine months ended September 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 nine months ended September 30, 2020 represented approximately 1% of our total shares of common stock outstanding at December 31, 2019. During the nine months ended September 30, 2019, we repurchased 3,829,427 shares of common stock. The shares of common stock were repurchased at a weighted-average price of $73.08 per share for an aggregate purchase price of $280 million, excluding related insignificant expenses. The shares repurchased during the nine months ended September 30, 2019 represented approximately 4% 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, while the shares of Class B common stock repurchased were retired and the total number of authorized Class B shares was reduced by the number of shares retired (see Note 16). At September 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Class A common stock $ — $ 8 $ 7 $ 22 Class B common stock — 12 13 38 Total cash dividends paid $ — $ 20 $ 20 $ 60 Date declared Dividend per share amount 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 July 31, 2019 $ 0.19 August 27, 2019 September 9, 2019

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 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 expenses on our condensed consolidated statements of income (loss) related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 SARs $ — $ 1 $ 10 $ 11 RSUs 3 2 17 13 PSUs — 1 (7) 4 Total $ 3 $ 4 $ 20 $ 28 The nine months ended September 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 nine months ended September 30, 2020, we granted 1,250,434 SARs to employees with a weighted-average grant date fair value of $8.88. During the nine months ended September 30, 2019, we granted 643,989 SARs to employees with a weighted-average grant date fair value of $17.11. RSUs —During the nine months ended September 30, 2020, we granted 628,407 RSUs to employees with a weighted-average grant date fair value of $49.33. During the nine months ended September 30, 2019, we granted 355,774 RSUs to employees with a weighted-average grant date fair value of $72.05. PSUs —During the nine months ended September 30, 2020, we did not grant any PSUs under our LTIP. During the nine months ended September 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 September 30, 2020 was $2 million for SARs, $18 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.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and September 30, 2019 is the brother-in-law of our Executive Chairman. We incurred $2 million of legal fees with this firm during each of the three months ended September 30, 2020 and September 30, 2019. We incurred $7 million and $5 million of legal fees with this firm during the nine months ended September 30, 2020 and September 30, 2019, respectively. At September 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 September 30, 2020 and September 30, 2019, respectively. We recognized $5 million and $15 million of fees for the nine months ended September 30, 2020 and September 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 September 30, 2020 and September 30, 2019, we recognized $1 million of income related to these guarantees. During each of the nine months ended September 30, 2020 and September 30, 2019, we recognized $3 million of income related to these guarantees. At September 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. Other Services— The brother of our Executive Chairman is affiliated with a limited partnership which has ownership interests in hotels from which we recognized $1 million and $2 million of management and franchise fees during the three months ended September 30, 2020 and September 20, 2019, respectively. We recognized $1 million and $4 million of management and franchise fees during the nine months ended September 30, 2020 and September 30, 2019, respectively. At September 30, 2020 and December 31, 2019, we had $1 million and insignificant receivables due from these properties, respectively. Class B Share Conversion —During the three and nine months ended September 30, 2020, 331,083 and 2,766,326 shares of Class B common stock, respectively, 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. Class B Share Repurchase— During the three and nine months ended September 30, 2019, we repurchased 677,384 shares of Class B common stock for a weighted-average price of $74.21 per share, for an aggregate purchase price of approximately $50 million. The shares repurchased represented approximately 1% of our total shares of common stock outstanding prior to the repurchase. The shares of Class B common stock were repurchased in privately negotiated transactions from trusts or limited partnerships owned indirectly by trusts for the benefit of certain Pritzker family members or private charitable organizations affiliated with certain Pritzker family members and were retired, thereby reducing the shares of Class B common stock authorized and outstanding by the repurchased share amount.

Segment Information

Segment Information	9 Months Ended
	Sep. 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 nine months ended September 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 Nine Months Ended 2020 2019 2020 2019 Owned and leased hotels Owned and leased hotels revenues $ 82 $ 441 $ 432 $ 1,417 Intersegment revenues (a) 2 11 10 27 Adjusted EBITDA (56) 73 (100) 291 Depreciation and amortization 63 66 182 196 Americas management and franchising Management, franchise, and other fees revenues 29 108 121 331 Contra revenue (5) (4) (13) (11) Other revenues 4 16 33 71 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 234 565 904 1,688 Intersegment revenues (a) 3 15 12 49 Adjusted EBITDA 16 93 81 288 Depreciation and amortization 5 6 15 18 ASPAC management and franchising Management, franchise, and other fees revenues 17 32 42 96 Contra revenue — — (2) (1) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 18 30 62 80 Intersegment revenues (a) — 1 — 1 Adjusted EBITDA 9 19 15 59 Depreciation and amortization 1 1 3 3 EAME/SW Asia management and franchising Management, franchise, and other fees revenues 5 21 17 58 Contra revenue (2) (1) (5) (4) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 14 20 46 54 Intersegment revenues (a) — 3 1 7 Adjusted EBITDA (2) 12 (12) 33 Depreciation and amortization 1 1 1 1 Corporate and other Revenues 7 15 25 45 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 1 2 3 4 Intersegment revenues (a) — — — (1) Adjusted EBITDA (15) (33) (65) (110) Depreciation and amortization 10 11 32 30 Eliminations Revenues (a) (5) (30) (23) (83) Adjusted EBITDA — (1) 2 2 TOTAL Revenues $ 399 $ 1,215 $ 1,642 $ 3,745 Adjusted EBITDA (48) 163 (79) 563 Depreciation and amortization 80 85 233 248 (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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net income (loss) attributable to Hyatt Hotels Corporation $ (161) $ 296 $ (500) $ 445 Interest expense 35 19 87 58 (Benefit) provision for income taxes (59) 109 (188) 148 Depreciation and amortization 80 85 233 248 EBITDA (105) 509 (368) 899 Contra revenue 7 5 20 16 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (267) (617) (1,015) (1,826) Costs incurred on behalf of managed and franchised properties 278 633 1,068 1,871 Equity losses from unconsolidated hospitality ventures 20 5 45 2 Stock-based compensation expense (Note 15) 3 4 20 28 Gains on sales of real estate (Note 7) — (373) (8) (374) Asset impairments — 9 52 13 Other (income) loss, net (Note 19) 19 (25) 114 (104) Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA (3) 13 (7) 38 Adjusted EBITDA $ (48) $ 163 $ (79) $ 563

Earnings (Losses) Per Share

Earnings (Losses) Per Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ (161) $ 296 $ (500) $ 445 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (161) $ 296 $ (500) $ 445 Denominator: Basic weighted-average shares outstanding 101,277,404 104,349,157 101,312,741 105,226,587 Share-based compensation — 1,569,736 — 1,553,693 Diluted weighted-average shares outstanding 101,277,404 105,918,893 101,312,741 106,780,280 Basic Earnings (Losses) Per Share: Net income (loss) $ (1.59) $ 2.84 $ (4.93) $ 4.23 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (1.59) $ 2.84 $ (4.93) $ 4.23 Diluted Earnings (Losses) Per Share: Net income (loss) $ (1.59) $ 2.80 $ (4.93) $ 4.17 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (1.59) $ 2.80 $ (4.93) $ 4.17 The computations of diluted net income (loss) per share for the three and nine months ended September 30, 2020 and September 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 SARs 390,900 14,800 706,600 14,400 RSUs 540,200 — 499,200 —

Other Income (Loss), Net

Other Income (Loss), Net	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other Income (Loss), Net	OTHER INCOME (LOSS), NET Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Restructuring expenses $ (22) $ — $ (69) $ — Performance guarantee expense, net (Note 13) (8) (1) (47) (25) Credit losses (Note 2 and Note 13) (8) — (26) — Release of contingent consideration liability — 2 — 29 Release and amortization of debt repayment guarantee liability — 1 1 18 Realized gains (Note 5) 1 1 5 1 Performance guarantee liability amortization (Note 13) 1 5 7 14 Depreciation recovery 6 7 18 19 Interest income (Note 5) 6 6 23 18 Unrealized gains (losses), net (Note 5) 8 3 (36) 23 Other, net (3) 1 10 7 Other income (loss), net $ (19) $ 25 $ (114) $ 104 During the three and nine months ended September 30, 2020, we recognized $22 million and $69 million, respectively, 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 nine months ended September 30, 2019, we released $29 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 nine months ended September 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)	9 Months Ended
	Sep. 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, and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements.
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 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 AFS 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
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 expenses 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
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 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 ("LIBOR") 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 ObligationsRevenue 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. 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 have an original duration of 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 nine months ended September 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)	9 Months Ended
	Sep. 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 September 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 $ 43 $ — $ — $ — $ — $ (2) $ 41 Food and beverage 20 — — — — — 20 Other 19 — — — — — 19 Owned and leased hotels 82 — — — — (2) 80 Base management fees — 12 7 2 — (2) 19 Incentive management fees — — 5 2 — (1) 6 Franchise fees — 15 — — — — 15 Other fees — 1 4 1 1 — 7 License fees — 1 1 — 3 — 5 Management, franchise, and other fees — 29 17 5 4 (3) 52 Amortization of management and franchise agreement assets constituting payments to customers — (5) — (2) — — (7) Net management, franchise, and other fees — 24 17 3 4 (3) 45 Other revenues — 4 — — 3 — 7 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 234 18 14 1 — 267 Total $ 82 $ 262 $ 35 $ 17 $ 8 $ (5) $ 399 Nine Months Ended September 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 $ 236 $ — $ — $ — $ — $ (10) $ 226 Food and beverage 128 — — — — — 128 Other 68 — — — — — 68 Owned and leased hotels 432 — — — — (10) 422 Base management fees — 60 16 10 — (12) 74 Incentive management fees — 1 8 4 — (1) 12 Franchise fees — 47 1 — — — 48 Other fees — 3 8 3 2 — 16 License fees — 10 9 — 11 — 30 Management, franchise, and other fees — 121 42 17 13 (13) 180 Amortization of management and franchise agreement assets constituting payments to customers — (13) (2) (5) — — (20) Net management, franchise, and other fees — 108 40 12 13 (13) 160 Other revenues — 33 — — 12 — 45 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 904 62 46 3 — 1,015 Total $ 432 $ 1,045 $ 102 $ 58 $ 28 $ (23) $ 1,642 Three Months Ended September 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 (a) Total Rooms revenues $ 263 $ — $ — $ — $ — $ (11) $ 252 Food and beverage 134 — — — — — 134 Other 44 — — — — — 44 Owned and leased hotels 441 — — — — (11) 430 Base management fees — 56 11 10 — (13) 64 Incentive management fees — 13 17 9 — (6) 33 Franchise fees — 36 1 — — — 37 Other fees — 2 3 2 1 — 8 License fees — 1 — — 5 — 6 Management, franchise, and other fees — 108 32 21 6 (19) 148 Amortization of management and franchise agreement assets constituting payments to customers — (4) — (1) — — (5) Net management, franchise, and other fees — 104 32 20 6 (19) 143 Other revenues — 16 — — 9 — 25 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 565 30 20 2 — 617 Total $ 441 $ 685 $ 62 $ 40 $ 17 $ (30) $ 1,215 (a) Amounts presented have been adjusted for changes within the segments effective on January 1, 2020 (see Note 17). Nine Months Ended September 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 (a) Total Rooms revenues $ 821 $ — $ — $ — $ — $ (27) $ 794 Food and beverage 461 — — — — — 461 Other 135 — — — — — 135 Owned and leased hotels 1,417 — — — — (27) 1,390 Base management fees — 175 33 27 — (40) 195 Incentive management fees — 46 51 26 — (17) 106 Franchise fees — 104 3 — — — 107 Other fees — 3 9 5 4 — 21 License fees — 3 — — 15 — 18 Management, franchise, and other fees — 331 96 58 19 (57) 447 Amortization of management and franchise agreement assets constituting payments to customers — (11) (1) (4) — — (16) Net management, franchise, and other fees — 320 95 54 19 (57) 431 Other revenues — 71 — — 26 1 98 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,688 80 54 4 — 1,826 Total $ 1,417 $ 2,079 $ 175 $ 108 $ 49 $ (83) $ 3,745 (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: September 30, 2020 December 31, 2019 Deferred revenue related to the loyalty program $ 723 $ 671 Advanced deposits 38 77 Initial fees received from franchise owners 41 41 Deferred revenue related to system-wide services 7 5 Other deferred revenue 80 126 Total contract liabilities $ 889 $ 920 The following table summarizes the activity in our contract liabilities: 2020 2019 Beginning balance, January 1 $ 920 $ 830 Cash received and other 311 490 Revenue recognized (336) (459) Ending balance, June 30 895 861 Cash received and other 114 265 Revenue recognized (120) (251) Ending balance, September 30 $ 889 $ 875

Debt and Equity Securities (Tab

Debt and Equity Securities (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Total revenues $ 27 $ 130 $ 211 $ 371 Gross operating profit (loss) (11) 51 34 139 Income (loss) from continuing operations (57) 9 (143) (2) Net income (loss) (57) 9 (143) (2) 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: September 30, 2020 December 31, 2019 Loyalty program (Note 9) $ 556 $ 483 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 464 450 Captive insurance companies (Note 9) 158 180 Total marketable securities held to fund operating programs 1,178 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 (182) (219) Marketable securities held to fund operating programs included in other assets $ 996 $ 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Loyalty program (Note 19) $ 3 $ 5 $ 26 $ 24 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Unrealized gains (losses) $ 16 $ (2) $ 11 $ 35 Realized gains 6 2 12 6 Net gains and interest income from marketable securities held to fund rabbi trusts $ 22 $ — $ 23 $ 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: September 30, 2020 December 31, 2019 Interest-bearing money market funds (a) $ 763 $ 147 Time deposits (a) 288 37 Common shares of Playa N.V. (Note 9) 51 102 Total marketable securities held for investment purposes 1,102 286 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (1,051) (184) Marketable securities held for investment purposes included in other assets $ 51 $ 102 (a) A portion of proceeds from our senior notes issuances during the nine months ended September 30, 2020 were reinvested in interest-bearing money market funds and time deposits at September 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: September 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 $ 920 $ 920 $ — $ — $ — Mutual funds 530 — — — 530 Common shares 51 — — — 51 Level Two - Significant Other Observable Inputs Commercial paper 1 1 — — — Time deposits 294 2 287 — 5 U.S. government obligations 204 — 6 — 198 U.S. government agencies 52 — 2 — 50 Corporate debt securities 168 — 15 — 153 Mortgage-backed securities 23 — — — 23 Asset-backed securities 32 — — — 32 Municipal and provincial notes and bonds 5 — — — 5 Total $ 2,280 $ 923 $ 310 $ — $ 1,047 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)	9 Months Ended
	Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	September 30, 2020 December 31, 2019 Unsecured financing to hotel owners $ 143 $ 135 Less: current portion of financing receivables, included in receivables, net (1) — Less: allowance for losses (110) (100) Total long-term financing receivables, net of allowances $ 32 $ 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 5 3 Write-offs — (4) Allowance at June 30 105 100 Provisions 5 1 Foreign currency exchange, net — (1) Allowance at September 30 $ 110 $ 100
Credit Monitoring	Our unsecured financing receivables were as follows: September 30, 2020 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 32 $ (1) $ 31 $ — Impaired loans (1) 46 (46) — 46 Total loans 78 (47) 31 46 Other financing arrangements 65 (63) 2 61 Total unsecured financing receivables $ 143 $ (110) $ 33 $ 107 (1) The unpaid principal balance was $36 million and the average recorded loan balance was $45 million at September 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)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	September 30, 2020 December 31, 2019 Goodwill $ 288 $ 326
Schedule of Finite-Lived Intangible Assets	September 30, 2020 Weighted- December 31, 2019 Management and franchise agreement intangibles $ 362 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 6 3 14 Other definite-lived intangibles 8 6 8 Intangibles 520 533 Less: accumulated amortization (108) (96) Intangibles, net $ 412 $ 437
Schedule of Indefinite-Lived Intangible Assets	September 30, 2020 Weighted- December 31, 2019 Management and franchise agreement intangibles $ 362 18 $ 367 Brand and other indefinite-lived intangibles 144 — 144 Advanced booking intangibles 6 3 14 Other definite-lived intangibles 8 6 8 Intangibles 520 533 Less: accumulated amortization (108) (96) Intangibles, net $ 412 $ 437
Schedule of Intangible Assets Amortization Expense	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Amortization expense $ 7 $ 8 $ 21 $ 18

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	September 30, 2020 December 31, 2019 Marketable securities held to fund rabbi trusts (Note 5) $ 464 $ 450 Management and franchise agreement assets constituting payments to customers (1) 448 423 Marketable securities held to fund the loyalty program (Note 5) 434 347 Marketable securities held for captive insurance companies (Note 5) 98 97 Long-term investments (Note 5) 92 65 Common shares of Playa N.V. (Note 5) 51 102 Other 102 104 Total other assets $ 1,689 $ 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)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Fair Value, by Balance Sheet Grouping	September 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) $ 3,259 $ 3,435 $ — $ 3,395 $ 40 (1) Excludes $9 million of finance lease obligations and $27 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)	9 Months Ended
	Sep. 30, 2020
Other Liabilities [Abstract]
Other Long-term Liabilities	September 30, 2020 December 31, 2019 Deferred compensation plans funded by rabbi trusts (Note 5) $ 464 $ 450 Income taxes payable 169 147 Self-insurance liabilities (Note 13) 74 80 Deferred income taxes (Note 12) 49 47 Guarantee liabilities (Note 13) 32 46 Other 100 114 Total other long-term liabilities $ 888 $ 884

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	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) (8) (2) (1) (6) (9) Performance guarantee expense, net 26 24 13 — 39 24 Net payments during the period (15) (36) (11) (4) (26) (40) Foreign currency exchange, net (1) — — — (1) — Ending balance, June 30 26 16 13 7 39 23 Amortization of initial guarantee obligation liability into income — (4) (1) (1) (1) (5) Performance guarantee expense (recovery), net — (1) 8 2 8 1 Net payments during the period (7) (3) (7) (2) (14) (5) Foreign currency exchange, net 1 (1) — — 1 (1) Ending balance, September 30 $ 20 $ 7 $ 13 $ 6 $ 33 $ 13 (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 September 30, 2020 Total liabilities recorded at December 31, 2019 Year of guarantee expiration Hotel properties in India (1) $ 168 $ 168 $ 1 $ 5 2021 Hotel and residential properties in Brazil (2), (3) 90 38 17 3 various, through 2023 Hotel properties in Tennessee (2) 44 20 6 8 various, through 2023 Hotel properties in California (2) 38 15 2 3 various, through 2021 Hotel property in Massachusetts (2), (4) 30 16 4 6 various, through 2022 Hotel property in Pennsylvania (2), (4) 27 11 1 — various, through 2023 Hotel properties in Georgia (2) 27 13 4 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 $ 464 $ 294 $ 39 $ 32 (1) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at September 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 $84 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 September 30, 2020, the maximum potential future payments are $4 million, and the maximum exposure net of recoverability from third parties is $2 million.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 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 Foreign currency translation adjustments $ (215) $ 15 $ — $ (200) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9) — — (9) Unrealized losses on derivative instruments (44) — 2 (42) Accumulated other comprehensive loss $ (267) $ 15 $ 2 $ (250) (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) $ (17) $ — $ (200) Unrecognized gains on AFS debt securities 1 — — 1 Unrecognized pension cost (9) — — (9) Unrealized losses on derivative instruments (18) (27) 3 (42) Accumulated other comprehensive loss $ (209) $ (44) $ 3 $ (250) (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 $ (191) $ (27) $ — $ (218) Unrecognized pension cost (5) — — (5) Unrealized losses on derivative instruments (16) (9) — (25) Accumulated other comprehensive loss $ (212) $ (36) $ — $ (248) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (191) $ (27) $ — $ (218) Unrecognized pension cost (5) — — (5) Unrealized losses on derivative instruments (4) (21) — (25) Accumulated other comprehensive loss $ (200) $ (48) $ — $ (248)
Dividends Declared and Paid	The following tables summarize dividends paid to Class A and Class B shareholders of record: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Class A common stock $ — $ 8 $ 7 $ 22 Class B common stock — 12 13 38 Total cash dividends paid $ — $ 20 $ 20 $ 60 Date declared Dividend per share amount 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 July 31, 2019 $ 0.19 August 27, 2019 September 9, 2019

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 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 expenses on our condensed consolidated statements of income (loss) related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 SARs $ — $ 1 $ 10 $ 11 RSUs 3 2 17 13 PSUs — 1 (7) 4 Total $ 3 $ 4 $ 20 $ 28

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended 2020 2019 2020 2019 Owned and leased hotels Owned and leased hotels revenues $ 82 $ 441 $ 432 $ 1,417 Intersegment revenues (a) 2 11 10 27 Adjusted EBITDA (56) 73 (100) 291 Depreciation and amortization 63 66 182 196 Americas management and franchising Management, franchise, and other fees revenues 29 108 121 331 Contra revenue (5) (4) (13) (11) Other revenues 4 16 33 71 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 234 565 904 1,688 Intersegment revenues (a) 3 15 12 49 Adjusted EBITDA 16 93 81 288 Depreciation and amortization 5 6 15 18 ASPAC management and franchising Management, franchise, and other fees revenues 17 32 42 96 Contra revenue — — (2) (1) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 18 30 62 80 Intersegment revenues (a) — 1 — 1 Adjusted EBITDA 9 19 15 59 Depreciation and amortization 1 1 3 3 EAME/SW Asia management and franchising Management, franchise, and other fees revenues 5 21 17 58 Contra revenue (2) (1) (5) (4) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 14 20 46 54 Intersegment revenues (a) — 3 1 7 Adjusted EBITDA (2) 12 (12) 33 Depreciation and amortization 1 1 1 1 Corporate and other Revenues 7 15 25 45 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 1 2 3 4 Intersegment revenues (a) — — — (1) Adjusted EBITDA (15) (33) (65) (110) Depreciation and amortization 10 11 32 30 Eliminations Revenues (a) (5) (30) (23) (83) Adjusted EBITDA — (1) 2 2 TOTAL Revenues $ 399 $ 1,215 $ 1,642 $ 3,745 Adjusted EBITDA (48) 163 (79) 563 Depreciation and amortization 80 85 233 248 (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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net income (loss) attributable to Hyatt Hotels Corporation $ (161) $ 296 $ (500) $ 445 Interest expense 35 19 87 58 (Benefit) provision for income taxes (59) 109 (188) 148 Depreciation and amortization 80 85 233 248 EBITDA (105) 509 (368) 899 Contra revenue 7 5 20 16 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (267) (617) (1,015) (1,826) Costs incurred on behalf of managed and franchised properties 278 633 1,068 1,871 Equity losses from unconsolidated hospitality ventures 20 5 45 2 Stock-based compensation expense (Note 15) 3 4 20 28 Gains on sales of real estate (Note 7) — (373) (8) (374) Asset impairments — 9 52 13 Other (income) loss, net (Note 19) 19 (25) 114 (104) Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA (3) 13 (7) 38 Adjusted EBITDA $ (48) $ 163 $ (79) $ 563

Earnings (Losses) Per Share (Ta

Earnings (Losses) Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ (161) $ 296 $ (500) $ 445 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (161) $ 296 $ (500) $ 445 Denominator: Basic weighted-average shares outstanding 101,277,404 104,349,157 101,312,741 105,226,587 Share-based compensation — 1,569,736 — 1,553,693 Diluted weighted-average shares outstanding 101,277,404 105,918,893 101,312,741 106,780,280 Basic Earnings (Losses) Per Share: Net income (loss) $ (1.59) $ 2.84 $ (4.93) $ 4.23 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (1.59) $ 2.84 $ (4.93) $ 4.23 Diluted Earnings (Losses) Per Share: Net income (loss) $ (1.59) $ 2.80 $ (4.93) $ 4.17 Net income (loss) attributable to noncontrolling interests — — — — Net income (loss) attributable to Hyatt Hotels Corporation $ (1.59) $ 2.80 $ (4.93) $ 4.17
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computations of diluted net income (loss) per share for the three and nine months ended September 30, 2020 and September 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 SARs 390,900 14,800 706,600 14,400 RSUs 540,200 — 499,200 —

Other Income (Loss), Net (Table

Other Income (Loss), Net (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other Income (Loss), Net	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Restructuring expenses $ (22) $ — $ (69) $ — Performance guarantee expense, net (Note 13) (8) (1) (47) (25) Credit losses (Note 2 and Note 13) (8) — (26) — Release of contingent consideration liability — 2 — 29 Release and amortization of debt repayment guarantee liability — 1 1 18 Realized gains (Note 5) 1 1 5 1 Performance guarantee liability amortization (Note 13) 1 5 7 14 Depreciation recovery 6 7 18 19 Interest income (Note 5) 6 6 23 18 Unrealized gains (losses), net (Note 5) 8 3 (36) 23 Other, net (3) 1 10 7 Other income (loss), net $ (19) $ 25 $ (114) $ 104

Organization (Details)

Organization (Details)	Sep. 30, 2020hotelroomcountry
Organization
Number of countries in which entity operates | country	67
Full service
Organization
Number of hotels operated or franchised	462
Number of rooms operated or franchised | room	158,731
Select service
Organization
Number of hotels operated or franchised	493
Number of rooms operated or franchised | room	70,562
Select service | United States
Organization
Number of hotels operated or franchised	418
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 ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Unusual or Infrequent Item, or Both [Line Items]
Impairment of indefinite-lived intangible assets	$ 0		$ 0
Asset impairments	0	$ 9,000,000	52,000,000	$ 13,000,000
COVID-19 Pandemic
Unusual or Infrequent Item, or Both [Line Items]
Goodwill impairment charges			38,000,000	$ 0
Asset impairments			14,000,000
Interest income, debt securities held-to-maturity and financing receivable	1,000,000		6,000,000
COVID-19 Pandemic | Selling, General and Administrative Expenses
Unusual or Infrequent Item, or Both [Line Items]
Financing receivable, credit loss expense	6,000,000		19,000,000
Debt securities held-to-maturity and financing receivable, allowance for credit loss offset	7,000,000		12,000,000
COVID-19 Pandemic | Operating Income (Loss)
Unusual or Infrequent Item, or Both [Line Items]
Debt repayment guarantee credit loss reserve	$ 1,000,000		$ 14,000,000

Recently Issued Accounting Pr_3

Recently Issued Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Decrease to retained earnings	$ (3,353)	$ (3,493)	$ (3,708)		$ (3,967)	$ (3,761)	$ (3,647)	$ (3,628)	$ (3,677)
Held-to-maturity securities	80				58
Held-to-maturity, allowance for credit loss	20
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings	$ (3,592)	$ (3,753)	$ (3,989)		(4,170)	$ (4,003)	$ (3,853)	$ (3,831)	$ (3,819)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings					1
Cumulative Effect, Period of Adoption, Adjustment | 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 399	$ 1,215	$ 1,642	$ 3,745
Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	41	252	226	794
Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	20	134	128	461
Other
Disaggregation of Revenue [Line Items]
Revenues	19	44	68	135
Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	80	430	422	1,390
Base management fees
Disaggregation of Revenue [Line Items]
Revenues	19	64	74	195
Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	6	33	12	106
Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	15	37	48	107
Other fees
Disaggregation of Revenue [Line Items]
Revenues	7	8	16	21
License fees
Disaggregation of Revenue [Line Items]
Revenues	5	6	30	18
Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	52	148	180	447
Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(7)	(5)	(20)	(16)
Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	45	143	160	431
Other revenues
Disaggregation of Revenue [Line Items]
Revenues	7	25	45	98
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	267	617	1,015	1,826
Operating segments | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	82	441	432	1,417
Operating segments | Owned and leased hotels | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	43	263	236	821
Operating segments | Owned and leased hotels | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	20	134	128	461
Operating segments | Owned and leased hotels | Other
Disaggregation of Revenue [Line Items]
Revenues	19	44	68	135
Operating segments | Owned and leased hotels | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	82	441	432	1,417
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	262	685	1,045	2,079
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	12	56	60	175
Operating segments | Americas management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	13	1	46
Operating segments | Americas management and franchising | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	15	36	47	104
Operating segments | Americas management and franchising | Other fees
Disaggregation of Revenue [Line Items]
Revenues	1	2	3	3
Operating segments | Americas management and franchising | License fees
Disaggregation of Revenue [Line Items]
Revenues	1	1	10	3
Operating segments | Americas management and franchising | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	29	108	121	331
Operating segments | Americas management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	(5)	(4)	(13)	(11)
Operating segments | Americas management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	24	104	108	320
Operating segments | Americas management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	4	16	33	71
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	234	565	904	1,688
Operating segments | ASPAC management and franchising
Disaggregation of Revenue [Line Items]
Revenues	35	62	102	175
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	7	11	16	33
Operating segments | ASPAC management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	5	17	8	51
Operating segments | ASPAC management and franchising | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	0	1	1	3
Operating segments | ASPAC management and franchising | Other fees
Disaggregation of Revenue [Line Items]
Revenues	4	3	8	9
Operating segments | ASPAC management and franchising | License fees
Disaggregation of Revenue [Line Items]
Revenues	1	0	9	0
Operating segments | ASPAC management and franchising | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	17	32	42	96
Operating segments | ASPAC management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	(2)	(1)
Operating segments | ASPAC management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	17	32	40	95
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	18	30	62	80
Operating segments | EAME/SW Asia management and franchising
Disaggregation of Revenue [Line Items]
Revenues	17	40	58	108
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	2	10	10	27
Operating segments | EAME/SW Asia management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	2	9	4	26
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	2	3	5
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	5	21	17	58
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)	(1)	(5)	(4)
Operating segments | EAME/SW Asia management and franchising | Net management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	3	20	12	54
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	14	20	46	54
Corporate and other
Disaggregation of Revenue [Line Items]
Revenues	8	17	28	49
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	1	1	2	4
Corporate and other | License fees
Disaggregation of Revenue [Line Items]
Revenues	3	5	11	15
Corporate and other | Management, franchise, and other fees
Disaggregation of Revenue [Line Items]
Revenues	4	6	13	19
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	4	6	13	19
Corporate and other | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	3	9	12	26
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	1	2	3	4
Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(5)	(30)	(23)	(83)
Eliminations | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	(2)	(11)	(10)	(27)
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	(2)	(11)	(10)	(27)
Eliminations | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	(2)	(13)	(12)	(40)
Eliminations | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	(1)	(6)	(1)	(17)
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	(3)	(19)	(13)	(57)
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	(3)	(19)	(13)	(57)
Eliminations | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	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	2	11	10	27
Eliminations | Americas management and franchising
Disaggregation of Revenue [Line Items]
Revenues	3	15	12	49
Eliminations | ASPAC management and franchising
Disaggregation of Revenue [Line Items]
Revenues	0	1	0	1
Eliminations | EAME/SW Asia management and franchising
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 3	$ 1	$ 7

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets								$ 0	$ 0
Total contract liabilities	$ 895,000,000	$ 875,000,000	$ 895,000,000	$ 861,000,000	$ 920,000,000	$ 875,000,000		889,000,000	920,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance	895,000,000	861,000,000	920,000,000	830,000,000	920,000,000	830,000,000
Cash received from contract with customer	114,000,000	265,000,000	311,000,000	490,000,000
Revenue recognized from contract with customer	(120,000,000)	(251,000,000)	(336,000,000)	(459,000,000)
Contract liabilities, ending balance	889,000,000	875,000,000	895,000,000	$ 861,000,000	889,000,000	875,000,000
Revenue recognized from contract with customer beginning balance	57,000,000	$ 80,000,000			215,000,000	$ 318,000,000
Deferred revenue related to the loyalty program
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	723,000,000		671,000,000		671,000,000			723,000,000	671,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance			671,000,000		671,000,000
Contract liabilities, ending balance	723,000,000				723,000,000
Advanced deposits
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	38,000,000		77,000,000		77,000,000			38,000,000	77,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance			77,000,000		77,000,000
Contract liabilities, ending balance	38,000,000				38,000,000
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			41,000,000	41,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance			41,000,000		41,000,000
Contract liabilities, ending balance	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	7,000,000		5,000,000		5,000,000			7,000,000	5,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance			5,000,000		5,000,000
Contract liabilities, ending balance	7,000,000				7,000,000
Other deferred revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total contract liabilities	80,000,000		126,000,000		126,000,000			$ 80,000,000	$ 126,000,000
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]
Contract liabilities, beginning balance			$ 126,000,000		126,000,000
Contract liabilities, ending balance	$ 80,000,000				$ 80,000,000
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	9 Months Ended
	Sep. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 125
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]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percent recognized	10.00%
Remaining performance obligation, period	12 months

Debt and Equity Securities - Na

Debt and Equity Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Schedule of Debt and Equity Method Investments
Equity method investments	$ 260		$ 260		$ 232
Equity method investment, impairment charges		$ 6		$ 7
Common stock, shares sold (in shares)	0	0	0	0
Held-to-maturity securities	$ 80		$ 80		58
Held-to-maturity, allowance for credit loss	20		20
Equity securities without a readily determinable fair value	12		12		$ 7
Owned and leased hotels
Schedule of Debt and Equity Method Investments
Equity method investment, realized gain on disposal				$ 8
Equity method investment, net sales proceeds		$ 2		25
Playa Hotels & Resorts N.V. | Common shares
Schedule of Debt and Equity Method Investments
Unrealized gains (losses) recognized in other income (loss), net	$ 7	$ 1	$ (51)	$ 8

Debt and Equity Securities - Su

Debt and Equity Securities - Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Debt and Equity Method Investments
Net income (loss)	$ (161)	$ 296	$ (500)	$ 445
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Debt and Equity Method Investments
Total revenues	27	130	211	371
Gross operating profit (loss)	(11)	51	34	139
Income (loss) from continuing operations	(57)	9	(143)	(2)
Net income (loss)	$ (57)	$ 9	$ (143)	$ (2)

Debt and Equity Securities - He

Debt and Equity Securities - Held to Fund Operating Programs (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Held for operating programs
Schedule of Investments
Total marketable securities held for investment/operating purposes	$ 1,178	$ 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	(182)	(219)
Marketable securities held to fund operating programs included in other assets	996	894
Loyalty program
Schedule of Investments
Total marketable securities held for investment/operating purposes	556	483
Deferred compensation plans held in rabbi trusts
Schedule of Investments
Total marketable securities held for investment/operating purposes	464	450
Captive insurance companies
Schedule of Investments
Total marketable securities held for investment/operating purposes	$ 158	$ 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Gain (Loss) on Securities [Line Items]
Loyalty program	$ 22	$ 0	$ 23	$ 41
Net gains and interest income from marketable securities held to fund rabbi trusts	22	0	23	41
Loyalty program
Gain (Loss) on Securities [Line Items]
Loyalty program	3	5	26	24
Net gains and interest income from marketable securities held to fund rabbi trusts	3	5	26	24
Deferred compensation plans held in rabbi trusts
Gain (Loss) on Securities [Line Items]
Unrealized gains (losses)	16	(2)	11	35
Realized gains	$ 6	$ 2	$ 12	$ 6

Debt and Equity Securities - _2

Debt and Equity Securities - Held for Investment Purposes (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Schedule of Investments
Common shares of Playa N.V. (Note 5)	$ 51	$ 102
Held for Investment Purposes
Schedule of Investments
Interest-bearing money market funds (a)	763	147
Time deposits (a)	288	37
Common shares of Playa N.V. (Note 5)	51	102
Total marketable securities held for investment/operating purposes	1,102	286
Less current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(1,051)	(184)
Marketable securities held for investment purposes included in other assets	$ 51	$ 102

Debt and Equity Securities - Fa

Debt and Equity Securities - Fair Value of Investments (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	$ 2,280	$ 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
Cash equivalents	920	269
Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	530	502
Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	51	102
Level Two - Significant Other Observable Inputs | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	1
Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	294	47
Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	204	202
Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	52	50
Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	168	161
Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	23	23
Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	32	39
Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	5	4
Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	923	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
Cash equivalents	920	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
Cash equivalents	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
Cash equivalents	0	0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	1
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	2	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	0	0
Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	310	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
Cash equivalents	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
Cash equivalents	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
Cash equivalents	0	0
Short-term investments | Level Two - Significant Other Observable Inputs | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	0
Short-term investments | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	287	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
Available-for-sale debt securities	6	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
Available-for-sale debt securities	2	3
Short-term investments | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	15	20
Short-term investments | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Cash equivalents	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
Cash equivalents	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
Cash equivalents	0	0
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	0
Prepaids and other assets | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	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
Available-for-sale debt securities	0	1
Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	1,047	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
Cash equivalents	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
Cash equivalents	530	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
Cash equivalents	51	102
Other assets | Level Two - Significant Other Observable Inputs | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	0
Other assets | Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	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
Available-for-sale debt securities	198	167
Other assets | Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	50	41
Other assets | Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	153	123
Other assets | Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	23	19
Other assets | Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale debt securities	32	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
Available-for-sale debt securities	$ 5	$ 3

Financing Receivables - Schedul

Financing Receivables - Schedule of Financing Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable
Less: allowance for losses	$ (107)		$ (100)
Total long-term financing receivables, net of allowances	32		35
Unsecured financing
Accounts, Notes, Loans and Financing Receivable
Unsecured financing to hotel owners	143		135
Less: current portion of financing receivables, included in receivables, net	(1)		0
Less: allowance for losses	(110)	$ (105)	(100)	$ (100)	$ (100)	$ (101)
Total long-term financing receivables, net of allowances	$ 32		$ 35

Financing Receivables - Allowan

Financing Receivables - Allowance for Losses and Impairments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Allowance for Losses and Impairments
Allowance beginning balance			$ 100
Allowance ending balance	$ 107
Unsecured financing
Allowance for Losses and Impairments
Allowance beginning balance	105	$ 100	100	$ 101
Provisions	5	1	5	3
Write-offs			0	(4)
Foreign currency exchange, net	0	(1)
Allowance ending balance	$ 110	$ 100	$ 105	$ 100

Financing Receivables - Credit

Financing Receivables - Credit Monitoring (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Unsecured Financing Receivables
Related allowance	$ (107)	$ (100)
Unsecured financing
Unsecured Financing Receivables
Gross loan balance (principal and interest)	143	135
Related allowance	(110)	(100)	$ (105)	$ (100)	$ (100)	$ (101)
Net financing receivables	33	35
Gross receivables on non-accrual status	107	99
Unsecured financing | Loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	32	33
Related allowance	(1)	(1)
Net financing receivables	31	32
Gross receivables on non-accrual status	0	0
Unsecured financing | Impaired loans
Unsecured Financing Receivables
Impaired loans	46	43
Impaired loans, allowance	(46)	(43)
Net financing receivables	0	0
Gross receivables on non-accrual status	46	43
Impaired financing receivable, unpaid principal balance	36	33
Impaired financing receivable, average recorded investment	45	46
Unsecured financing | Total loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	78	76
Related allowance	(47)	(44)
Net financing receivables	31	32
Gross receivables on non-accrual status	46	43
Unsecured financing | Other financing arrangements
Unsecured Financing Receivables
Gross loan balance (principal and interest)	65	59
Related allowance	(63)	(56)
Net financing receivables	2	3
Gross receivables on non-accrual status	$ 61	$ 56

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions Narrative (Details) $ in Millions	9 Months Ended
	Sep. 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	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investments		$ 260		$ 232
Equity securities without a readily determinable fair value		12		$ 7
Right-of-use assets obtained in exchange for operating lease liabilities		$ 14	$ 8
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
Hyatt Regency Atlanta | 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	$ 272		272
Disposal group, consideration	346		346
Property Adjacent to Grand Hyatt San Francisco | 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	101		101
Disposal group, consideration	$ 115		$ 115
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	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2020
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	Sep. 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)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)unit	Sep. 30, 2019USD ($)
Management and franchise agreement intangibles
Goodwill [Line Items]
Impairment of intangible assets	$ 9,000,000	$ 4,000,000	$ 13,000,000
COVID-19 Pandemic
Goodwill [Line Items]
Goodwill impairment charges		$ 38,000,000	$ 0
Number of reporting units | unit		2

Goodwill And Intangibles, Net_3

Goodwill And Intangibles, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 520	$ 533
Less: accumulated amortization	(108)	(96)
Intangibles, net	412	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	$ 362	367
Weighted- average useful lives in years	18 years
Advanced booking intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 6	14
Weighted- average useful lives in years	3 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7	$ 8	$ 21	$ 18

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Assets, Noncurrent [Abstract]
Marketable securities held to fund rabbi trusts (Note 5)	$ 464	$ 450
Management and franchise agreement assets constituting payments to customers (1)	448	423
Marketable securities held to fund the loyalty program (Note 5)	434	347
Marketable securities held for captive insurance companies (Note 5)	98	97
Long-term investments (Note 5)	92	65
Common shares of Playa N.V. (Note 5)	51	102
Other	102	104
Total other assets	$ 1,689	$ 1,588

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument
Long-term debt, net of current maturities	$ 2,981,000,000	$ 1,612,000,000
Unamortized discount and deferred financing fees	27,000,000	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
2022 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 750,000,000
Debt instrument, stated percent	3.00%
Long-term debt	$ 745,000,000
Unamortized discount and deferred financing fees	5,000,000
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	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument
Finance lease obligations	$ 9	$ 11
Unamortized discount and deferred financing fees	27	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	3,395	1,680
Significant unobservable inputs (Level Three)
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	40	60
Carrying value
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	3,259	1,627
Fair value
Debt Instrument
Debt, excluding capital lease obligations and unamortized discounts and deferred financing fees, fair value	$ 3,435	$ 1,740

Debt - Interest Rate Locks (Det

Debt - Interest Rate Locks (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized losses on derivative activity, net of tax benefit	$ 0	$ 13,000,000	$ 37,000,000	$ 30,000,000
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	$ 2,000,000		$ 3,000,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Liabilities [Abstract]
Deferred compensation plans funded by rabbi trusts (Note 5)	$ 464	$ 450
Income taxes payable	169	147
Self-insurance liabilities (Note 13)	74	80
Deferred income taxes (Note 12)	49	47
Guarantee liabilities (Note 13)	32	46
Other	100	114
Total other long-term liabilities	$ 888	$ 884

Taxes (Details)

Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Tax Credit Carryforward [Line Items]
Income tax benefit	$ 59	$ (109)	$ 188	$ (148)
Effective income tax rate	26.80%	26.90%	27.30%	25.00%
Foreign tax credit carryforward, valuation allowance	$ 23		$ 23
Settlement with Taxing Authority
Tax Credit Carryforward [Line Items]
Estimated income tax liability based on taxing authority’s assessment			198
Estimated income tax liability, interest			54
Amount of unrecognized tax benefits that would affect the tax rate if recognized	74		74
Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	7		25
Owned and leased hotels | Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	3		7
Managed Properties | Employee Retention Credit, CARES Act
Tax Credit Carryforward [Line Items]
Income tax benefit	$ 4		$ 18

Commitments and Contingencies -

Commitments and Contingencies - Commitments and Performance Guarantees Narrative (Details)	Sep. 30, 2020USD ($)hotel	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Performance guarantee
Loss Contingencies
Remaining maximum exposure	$ 52,000,000
Guarantor obligations, liability, current carrying value	33,000,000	$ 39,000,000	$ 33,000,000	$ 13,000,000	$ 23,000,000	$ 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	26,000,000		19,000,000
Performance Test Clause Guarantee
Loss Contingencies
Guarantor obligations, liability, current carrying value	$ 0		0
Four managed hotels in France (1) | Performance guarantee
Loss Contingencies
Hotels managed In France | hotel	4
Guarantor obligations, liability, current carrying value	$ 20,000,000	$ 26,000,000	$ 20,000,000	$ 7,000,000	$ 16,000,000	$ 36,000,000
Various Business Ventures
Loss Contingencies
Commitment to loan or investment	$ 282,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Guarantor Obligations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Guarantor Obligations
Amortization of initial guarantee obligation liability into income	$ (1)	$ (5)			$ (7)	$ (14)
Performance guarantee expense (recovery), net	8	1			47	25
Performance guarantee
Guarantor Obligations
Beginning balance	39	23	$ 33	$ 47	33	47
Initial guarantee obligation liability			0	1
Amortization of initial guarantee obligation liability into income	(1)	(5)	(6)	(9)
Performance guarantee expense (recovery), net	8	1	39	24
Net payments during the period	(14)	(5)	(26)	(40)
Foreign currency exchange, net	1	(1)	(1)	0
Ending balance	33	13	39	23	33	13
Performance guarantee | Four managed hotels in France (1)
Guarantor Obligations
Beginning balance	26	16	20	36	20	36
Initial guarantee obligation liability			0	0
Amortization of initial guarantee obligation liability into income	0	(4)	(4)	(8)
Performance guarantee expense (recovery), net	0	(1)	26	24
Net payments during the period	(7)	(3)	(15)	(36)
Foreign currency exchange, net	1	(1)	(1)	0
Ending balance	20	7	26	16	20	7
Performance guarantee | Other performance guarantees
Guarantor Obligations
Beginning balance	13	7	13	11	13	11
Initial guarantee obligation liability			0	1
Amortization of initial guarantee obligation liability into income	(1)	(1)	(2)	(1)
Performance guarantee expense (recovery), net	8	2	13	0
Net payments during the period	(7)	(2)	(11)	(4)
Foreign currency exchange, net	0	0	0	0
Ending balance	$ 13	$ 6	$ 13	$ 7	$ 13	$ 6

Commitments and Contingencies_3

Commitments and Contingencies - Debt Repayment and Other Guarantees Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	$ 32,000,000		$ 32,000,000		$ 46,000,000
Debt repayment guarantee credit loss (Note 13)	8,000,000	$ 0	26,000,000	$ 0
COVID-19 Pandemic | Operating Income (Loss)
Loss Contingencies
Debt repayment guarantee credit loss (Note 13)	1,000,000		14,000,000
Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	39,000,000		39,000,000		32,000,000
Other long-term liabilities | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	25,000,000		25,000,000		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	$ 14,000,000		$ 14,000,000		$ 0

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Debt Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Loss Contingencies
Debt repayment and other guarantees, other long-term liabilities	$ 32	$ 46
Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	464
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	294
Debt repayment and other guarantees, other long-term liabilities	39	32
Debt repayment and other guarantees | Hotel properties in India
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	168
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	168
Debt repayment and other guarantees, other long-term liabilities	1	5
Debt repayment and other guarantees | Hotel and residential properties in Brazil
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	90
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	38
Debt repayment and other guarantees, other long-term liabilities	17	3
Debt repayment and other guarantees | Hotel Properties In Tennessee
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	44
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	20
Debt repayment and other guarantees, other long-term liabilities	6	8
Debt repayment and other guarantees | Hotel properties in California
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	38
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	15
Debt repayment and other guarantees, other long-term liabilities	2	3
Debt repayment and other guarantees | Hotel Properties in Massachusetts
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	30
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	16
Debt repayment and other guarantees, other long-term liabilities	4	6
Debt repayment and other guarantees | Hotel Property In Pennsylvania
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	27
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	11
Debt repayment and other guarantees, other long-term liabilities	1	0
Debt repayment and other guarantees | Hotel Properties in Georgia
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	27
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	13
Debt repayment and other guarantees, other long-term liabilities	4	2
Debt repayment and other guarantees | Hotel property in Oregon
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	21
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	8
Debt repayment and other guarantees, other long-term liabilities	2	3
Debt repayment and other guarantees | Other
Loss Contingencies
Debt repayment and other guarantees, maximum potential future payments	19
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	5
Debt repayment and other guarantees, other long-term liabilities	2	$ 2
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	$ 84
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	$ 4
Construction Loans | Debt repayment and other guarantees
Loss Contingencies
Debt repayment and other guarantees, maximum exposure net of recoverability from third parties	$ 2

Commitments and Contingencies_5

Commitments and Contingencies - Guarantee Liabilities Fair Value Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Guarantees, fair value disclosure	$ 79	$ 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	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Loss Contingencies
Self insurance reserve, current	$ 38	$ 41
Self-insurance reserve, noncurrent	74	$ 80
Surety bonds	50
Maximum
Loss Contingencies
Maximum exposure of possible loss	18
Letter of credit
Loss Contingencies
Letters of credit outstanding, amount	264
Letters of credit outstanding, reduction to available capacity	$ 1
Various US
Loss Contingencies
Multiemployer plans, collective-bargaining arrangement, percentage of participants	27.00%

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total Equity
Balance, beginning of period	$ 3,493,000,000	$ 3,647,000,000	$ 3,967,000,000	$ 3,677,000,000
Balance, end of period	3,353,000,000	3,761,000,000	3,353,000,000	3,761,000,000
Foreign currency translation adjustments
Total Equity
Balance, beginning of period	(215,000,000)	(191,000,000)	(183,000,000)	(191,000,000)
Current period other comprehensive income (loss) before reclassification	15,000,000	(27,000,000)	(17,000,000)	(27,000,000)
Amount reclassified from accumulated other comprehensive loss (b)	0	0	0	0
Balance, end of period	(200,000,000)	(218,000,000)	(200,000,000)	(218,000,000)
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	(44,000,000)	(16,000,000)	(18,000,000)	(4,000,000)
Current period other comprehensive income (loss) before reclassification	0	(9,000,000)	(27,000,000)	(21,000,000)
Amount reclassified from accumulated other comprehensive loss (b)	2,000,000	0	3,000,000	0
Balance, end of period	(42,000,000)	(25,000,000)	(42,000,000)	(25,000,000)
Accumulated other comprehensive loss
Total Equity
Balance, beginning of period	(267,000,000)	(212,000,000)	(209,000,000)	(200,000,000)
Current period other comprehensive income (loss) before reclassification	15,000,000	(36,000,000)	(44,000,000)	(48,000,000)
Amount reclassified from accumulated other comprehensive loss (b)	2,000,000	0	3,000,000	0
Balance, end of period	(250,000,000)	$ (248,000,000)	(250,000,000)	$ (248,000,000)
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 ($)	9 Months Ended
	Sep. 30, 2020	Sep. 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	3,829,427
Stock repurchased and retired during period, excluding insignificant expenses	$ 69,000,000	$ 280,000,000
Percent of stock outstanding repurchased during period	1.00%	4.00%
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	$ 73.08

Equity - Dividend (Details)

Equity - Dividend (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 09, 2020	Feb. 13, 2020	Sep. 09, 2019	Jul. 31, 2019	Jun. 10, 2019	May 17, 2019	Mar. 11, 2019	Feb. 13, 2019	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Class of Stock [Line Items]
Cash dividends									$ 0	$ 20	$ 20	$ 20	$ 20	$ 20	$ 60
Cash dividend (in dollars per share)	$ 0.20		$ 0.19		$ 0.19		$ 0.19			$ 0.20	$ 0.19	$ 0.19	$ 0.19
Cash dividend declared (in dollars per share)		$ 0.20		$ 0.19		$ 0.19		$ 0.19
Common Class A
Class of Stock [Line Items]
Cash dividends									0		$ 8			7	22
Common Class B
Class of Stock [Line Items]
Cash dividends									$ 0		$ 12			$ 13	$ 38

Stock-Based Compensation - Comp

Stock-Based Compensation - Compensation Expense Related to Long-Term Incentive Plan (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 3	$ 4	$ 20	$ 28
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	0	1	10	11
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	3	2	17	13
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 0	$ 1	$ (7)	$ 4

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
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)	628,407	355,774
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 49.33	$ 72.05
Total unearned compensation	$ 18,000,000
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
SARs and RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Amortization period, deferred compensation expense	3 years

Related-Party Transactions - Le

Related-Party Transactions - Legal Services (Details) - Family member of management - Related party legal services - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction
Legal services	$ 2,000,000	$ 2,000,000	$ 7,000,000	$ 5,000,000
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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	$ 5	$ 15
Guarantee fees	1	$ 1	3	$ 3
Due (to) from related parties	$ 15		$ 15		$ 17

Related-Party Transactions - Ot

Related-Party Transactions - Other Services (Details) - Limited Partnership Affiliated with Executive Chairman - Management Agreement - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction
Management fees	$ 1,000,000	$ 2,000,000	$ 1,000,000	$ 4,000,000
Receivables due from related parties	$ 1,000,000		$ 1,000,000		$ 0

Related-Party Transactions - Sh

Related-Party Transactions - Share Conversion (Details) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Common Class B
Related Party Transaction
Conversion of stock, shares converted (in shares)	331,083	2,766,326
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

Related-Party Transactions - _2

Related-Party Transactions - Share Repurchase (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Related Party Transaction
Stock repurchased during period	$ 69	$ 133	$ 45	$ 102
Percent of stock outstanding repurchased during period					1.00%	4.00%
Common Class B
Related Party Transaction
Stock repurchased during period, shares		677,384				677,384
Stock repurchased during period (in dollars per share)		$ 74.21				$ 74.21
Stock repurchased during period		$ 50				$ 50
Percent of stock outstanding repurchased during period		1.00%				1.00%

Segment Information - Summarize

Segment Information - Summarized Consolidated Financial Information by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information
Total revenues	$ 399	$ 1,215	$ 1,642	$ 3,745
Adjusted EBITDA	(48)	163	(79)	563
Depreciation and amortization	80	85	233	248
Owned and leased hotels
Segment Reporting Information
Total revenues	80	430	422	1,390
Other revenues
Segment Reporting Information
Total revenues	7	25	45	98
Management, franchise, and other fees
Segment Reporting Information
Total revenues	52	148	180	447
Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(7)	(5)	(20)	(16)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	267	617	1,015	1,826
Operating segments | Owned and leased hotels
Segment Reporting Information
Total revenues	82	441	432	1,417
Adjusted EBITDA	(56)	73	(100)	291
Depreciation and amortization	63	66	182	196
Operating segments | Owned and leased hotels | Owned and leased hotels
Segment Reporting Information
Total revenues	82	441	432	1,417
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	262	685	1,045	2,079
Adjusted EBITDA	16	93	81	288
Depreciation and amortization	5	6	15	18
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	4	16	33	71
Operating segments | Americas management and franchising | Management, franchise, and other fees
Segment Reporting Information
Total revenues	29	108	121	331
Operating segments | Americas management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	(5)	(4)	(13)	(11)
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	234	565	904	1,688
Operating segments | ASPAC management and franchising
Segment Reporting Information
Total revenues	35	62	102	175
Adjusted EBITDA	9	19	15	59
Depreciation and amortization	1	1	3	3
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	17	32	42	96
Operating segments | ASPAC management and franchising | Amortization of management and franchise agreement assets constituting payments to customers
Segment Reporting Information
Total revenues	0	0	(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	18	30	62	80
Operating segments | EAME/SW Asia management and franchising
Segment Reporting Information
Total revenues	17	40	58	108
Adjusted EBITDA	(2)	12	(12)	33
Depreciation and amortization	1	1	1	1
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	5	21	17	58
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)	(1)	(5)	(4)
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	14	20	46	54
Eliminations
Segment Reporting Information
Total revenues	(5)	(30)	(23)	(83)
Adjusted EBITDA	0	(1)	2	2
Eliminations | Owned and leased hotels
Segment Reporting Information
Total revenues	(2)	(11)	(10)	(27)
Eliminations | Other revenues
Segment Reporting Information
Total revenues	0	0	0	1
Eliminations | Management, franchise, and other fees
Segment Reporting Information
Total revenues	(3)	(19)	(13)	(57)
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	2	11	10	27
Eliminations | Americas management and franchising
Segment Reporting Information
Total revenues	3	15	12	49
Eliminations | ASPAC management and franchising
Segment Reporting Information
Total revenues	0	1	0	1
Eliminations | EAME/SW Asia management and franchising
Segment Reporting Information
Total revenues	0	3	1	7
Eliminations | Corporate and other
Segment Reporting Information
Total revenues	0	0	0	(1)
Corporate and other
Segment Reporting Information
Total revenues	7	15	25	45
Adjusted EBITDA	(15)	(33)	(65)	(110)
Depreciation and amortization	10	11	32	30
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	$ 1	$ 2	$ 3	$ 4

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information
Net income (loss) attributable to Hyatt Hotels Corporation	$ (161)	$ 296	$ (500)	$ 445
Interest expense	35	19	87	58
(Benefit) provision for income taxes	(59)	109	(188)	148
Depreciation and amortization	80	85	233	248
EBITDA	(105)	509	(368)	899
Revenues	(399)	(1,215)	(1,642)	(3,745)
Equity losses from unconsolidated hospitality ventures	20	5	45	2
Stock-based compensation expense	3	4	20	28
Gains on sales of real estate	0	(373)	(8)	(374)
Asset impairments	0	9	52	13
Other (income) loss, net	19	(25)	114	(104)
Pro rata share of unconsolidated owned and leased hospitality ventures Adjusted EBITDA	(3)	13	(7)	38
Adjusted EBITDA	(48)	163	(79)	563
Contra revenue
Segment Reporting Information
Revenues	7	5	20	16
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Revenues	(267)	(617)	(1,015)	(1,826)
Costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Costs incurred on behalf of managed and franchised properties	$ 278	$ 633	$ 1,068	$ 1,871

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss)	$ (161)	$ 296	$ (500)	$ 445
Net income (loss) attributable to noncontrolling interests	0	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ (161)	$ 296	$ (500)	$ 445
Denominator:
Basic weighted-average shares outstanding (in shares)	101,277,404	104,349,157	101,312,741	105,226,587
Share-based compensation (in shares)	0	1,569,736	0	1,553,693
Diluted weighted-average shares outstanding (in shares)	101,277,404	105,918,893	101,312,741	106,780,280
Basic Earnings (Losses) Per Share:
Net income (loss) (in dollars per share)	$ (1.59)	$ 2.84	$ (4.93)	$ 4.23
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)	(1.59)	2.84	(4.93)	4.23
Diluted Earnings (Losses) Per Share:
Net income (loss) (in dollars per share)	(1.59)	2.80	(4.93)	4.17
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)	$ (1.59)	$ 2.80	$ (4.93)	$ 4.17

Earnings (Losses) Per Share - A

Earnings (Losses) Per Share - Anti-dilutive Shares Issued (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
SARs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	390,900	14,800	706,600	14,400
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	540,200	0	499,200	0

Other Income (Loss), Net (Detai

Other Income (Loss), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Restructuring expenses	$ (22)	$ 0	$ (69)	$ 0
Performance guarantee expense, net (Note 13)	(8)	(1)	(47)	(25)
Credit losses (Note 2 and Note 13)	(8)	0	(26)	0
Release of contingent consideration liability	0	2	0	29
Release and amortization of debt repayment guarantee liability	0	1	1	18
Realized gains (Note 5)	1	1	5	1
Performance guarantee liability amortization (Note 13)	1	5	7	14
Depreciation recovery	6	7	18	19
Interest income	6	6	23	18
Unrealized gains (losses), net (Note 5)	8	3	(36)	23
Other, net	(3)	1	10	7
Other income (loss), net	(19)	25	(114)	104
Business Acquisition, Contingent Consideration [Line Items]
Restructuring expenses	22	0	69	0
Release of contingent consideration liability	0	(2)	0	(29)
Release and amortization of debt repayment guarantee liability	0	$ 1	1	18
Two Roads Hospitality LLC
Other Income and Expenses [Abstract]
Release of contingent consideration liability				(29)
Business Acquisition, Contingent Consideration [Line Items]
Release of contingent consideration liability				29
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	(22)		(69)
Business Acquisition, Contingent Consideration [Line Items]
Restructuring expenses	$ 22		$ 69

Uncategorized Items - h-2020093

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.