Hilton Worldwide (HLT) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2020
Entity File Number	001-36243
Entity Registrant Name	Hilton Worldwide Holdings Inc.
Entity incorporation, sate or country code	DE
Entity Tax Identification Number	27-4384691
Entity Address, Address Line One	7930 Jones Branch Drive
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	McLean
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	703
Local Phone Number	883-1000
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	HLT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity common stock shares outstanding		277,261,486
Entity Central Index Key	0001585689
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents		$ 1,734	$ 538
Restricted cash and cash equivalents		71	92
Accounts receivable, net of allowance for credit losses		1,111	1,261
Prepaid expenses		138	130
Other		95	72
Total current assets		3,149	2,093
Intangibles and Other Assets:
Goodwill		5,146	5,159
Brands		4,867	4,877
Management and franchise contracts, net		734	780
Other intangible assets, net		353	421
Operating lease right-of-use assets		770	867
Property and equipment, net		356	380
Deferred income tax assets		116	100
Other		297	280
Total intangibles and other assets		12,639	12,864
Total assets		15,788	14,957
Current Liabilities:
Accounts payable, accrued expenses and other		1,460	1,703
Current maturities of long-term debt	[1]	41	37
Current portion of deferred revenues		242	332
Total current liabilities		2,220	2,871
Long-term debt		9,455	7,956
Operating lease liabilities		966	1,037
Deferred revenues		929	827
Deferred income tax liabilities		750	795
Other		935	883
Total liabilities		16,692	15,429
Commitments and contingencies
Equity (Deficit):
Preferred stock		0	0
Common stock		3	3
Treasury stock, at cost		(4,462)	(4,169)
Additional paid-in capital		10,443	10,489
Accumulated deficit		(5,999)	(5,965)
Accumulated other comprehensive loss		(899)	(840)
Total Hilton stockholders' deficit		(914)	(482)
Noncontrolling interests		10	10
Total deficit		(904)	(472)
Total liabilities and equity (deficit)		15,788	14,957
Variable Interest Entity, Primary Beneficiary [Member]
Current Assets:
Total current assets		75	100
Intangibles and Other Assets:
Total intangibles and other assets		185	179
Current Liabilities:
Total current liabilities		48	64
Total liabilities		243	260
Guest Loyalty Program [Member]
Current Liabilities:
Current portion of liability for guest loyalty program		477	799
Liability for guest loyalty program		$ 1,437	$ 1,060
[1]	Represents current maturities of finance lease liabilities.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Allowance for credit losses	$ 55	$ 44
Preferred stock, par value (per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares	3,000,000,000	3,000,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (per share)	$ 0.01	$ 0.01
Common stock, authorized shares	10,000,000,000	10,000,000,000
Common stock, issued shares	334,072,979	333,159,770
Common stock, outstanding shares	277,152,629	278,985,125
Treasury stock, shares	56,920,350	54,174,645

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 1,920	$ 2,204
Depreciation and amortization	91	84
General and administrative	60	107
Impairment losses	112	0
Other expenses	14	20
Total expenses excluding reimbursable expenses	516	509
Total expenses	1,852	1,892
Operating income	68	312
Interest expense	(94)	(98)
Gain on foreign currency transactions	9	0
Other non-operating income, net	0	4
Income (loss) before income taxes	(17)	218
Income tax benefit (expense)	35	(59)
Net income	18	159
Net income attributable to noncontrolling interests	0	(1)
Net income attributable to Hilton stockholders	$ 18	$ 158
Earnings Per Share, Basic [Abstract]
Basic EPS	$ 0.06	$ 0.54
Earnings Per Share, Diluted [Abstract]
Diluted EPS	0.06	0.54
Cash dividends declared per share	$ 0.15	$ 0.15
Franchise and licensing fees [Member]
Revenues	$ 339	$ 382
Base and other management fees [member]
Revenues	60	80
Incentive management fees [member]
Revenues	23	55
Owned and leased hotels [member]
Revenues	210	312
Expenses	239	298
Other revenues
Revenues	23	26
Total revenues excluding reimbursable revenues [member]
Revenues	655	855
Other revenues from managed and franchised properties [member]
Revenues	1,265	1,349
Other expenses from managed and franchised properties [member]
Expenses	$ 1,336	$ 1,383

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 18	$ 159
Other comprehensive income (loss), net of tax
Currency translation adjustment	(24)	(3)
Pension liability adjustment	(1)	(2)
Cash flow hedge adjustment	(36)	(15)
Total other comprehensive loss	(59)	(16)
Comprehensive income (loss)	(41)	143
Comprehensive income attributable to noncontrolling interests	0	(1)
Comprehensive income (loss) attributable to Hilton stockholders	$ (41)	$ 142

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Currency translation adjustment, tax benefit (expense)	$ 8	$ (8)
Pension liability adjustment, tax expense	0	(1)
Cash flow hedge adjustment, tax benefit	$ 13	$ 5

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities:
Net income	$ 18	$ 159
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of contract acquisition costs	8	7
Depreciation and amortization	91	84
Impairment losses	112	0
Gain on foreign currency transactions	(9)	0
Share-based compensation	(12)	34
Deferred income taxes	(37)	(26)
Contract acquisition costs	(11)	(15)
Working capital changes and other	(31)	121
Net cash provided by operating activities	129	364
Investing Activities:
Capital expenditures for property and equipment	(12)	(23)
Capitalized software costs	(17)	(19)
Other	(18)	(2)
Net cash used in investing activities	(47)	(44)
Financing Activities:
Borrowings	1,690	375
Repayment of debt	(205)	(336)
Dividends paid	(42)	(44)
Repurchases of common stock	(296)	(296)
Share-based compensation tax withholdings and other	(47)	(42)
Net cash provided by (used in) financing activities	1,100	(343)
Effect of exchange rate changes on cash, restricted cash and cash equivalents	(7)	0
Net increase (decrease) in cash, restricted cash and cash equivalents	1,175	(23)
Cash, restricted cash and cash equivalents, beginning of period	630	484
Cash, restricted cash and cash equivalents, end of period	1,805	461
Supplemental Disclosures:
Interest	94	71
Income taxes, net of refunds	$ 50	$ 13

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Organization Hilton Worldwide Holdings Inc. (the "Parent," or together with its subsidiaries, "Hilton," "we," "us," "our" or the "Company"), a Delaware corporation, is one of the largest hospitality companies in the world and is engaged in managing, franchising, owning and leasing hotels and resorts, and licensing its brands and intellectual property ("IP"). As of March 31, 2020, we managed, franchised, owned or leased 6,162 hotels and resorts, including timeshare properties, totaling 977,939 rooms in 118 countries and territories. Basis of Presentation The accompanying condensed consolidated financial statements for the three months ended March 31, 2020 and 2019 have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") and are unaudited. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP. Although we believe the disclosures made are adequate to prevent the information presented from being misleading, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") No. 2016-13 ("ASU 2016-13"), Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which significantly changes how entities account for credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. On January 1, 2020, we adopted ASU 2016-13 and subsequent ASUs issued to clarify its application, on a prospective basis, and recognized a $10 million cumulative adjustment, net of taxes, to accumulated deficit. As a result of the adoption, we consider forecasted business conditions, in addition to current business conditions and historical collection activity, in calculating our allowance for credit losses on accounts receivable. The cumulative adjustment to accumulated deficit that we recognized upon adoption of this ASU did not include the impact of the COVID-19 crisis as a forecasted business condition. By applying ASU 2016-13 at the adoption date, the presentation of credit losses for periods prior to January 1, 2020 remains unchanged and in accordance with Receivables (Topic 310 ).

Revenues from Contracts with Cu

Revenues from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	Revenues from Contracts with Customers Contract Liabilities The following table summarizes the activity of our contract liabilities, which are classified as a component of current and long-term deferred revenues, during the three months ended March 31, 2020: (in millions) Balance as of December 31, 2019 $ 1,041 Cash received in advance and not recognized as revenue (1) 106 Revenue recognized (1) (54) Other (2) (10) Balance as of March 31, 2020 $ 1,083 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, which included $40 million for revenue recognized. (2) Primarily the result of changes in estimated transaction prices for our performance obligations related to points issued under Hilton Honors, which had no effect on revenues. We recognized revenues that were previously deferred as contract liabilities of $57 million du ring the three months ended March 31, 2019. Performance Obligations As of March 31, 2020, we had $423 million of deferred revenues for unsatisfied performance obligations related to Hilton Honors that will be recognized as revenues when the points are redeemed, which we estimate will occur over approximately the next two to three years. Additionally, we had $660 million of deferred revenues for unsatisfied performance obligations related to application, initiation and licensing fees, which are expected to be recognized as revenues in future periods over the terms of the related contracts.

Consolidated Variable Interest

Consolidated Variable Interest Entities	3 Months Ended
	Mar. 31, 2020
Consolidated Variable Interest Entities Disclosure [Abstract]
Consolidated Variable Interest Entities	Consolidated Variable Interest Entities As of March 31, 2020 and December 31, 2019, we consolidated two variable interest entities ("VIEs") that lease hotel properties. We consolidated these VIEs since we are the primary beneficiary, having the power to direct the activities that most significantly affect their economic performance. Additionally, we have the obligation to absorb their losses and the right to receive benefits that could be significant to them. The assets of our consolidated VIEs are only available to settle the obligations of the respective entities. Our condensed consolidated balance sheets included the assets and liabilities of these entities, which primarily comprised the following: March 31, December 31, 2020 2019 (in millions) Cash and cash equivalents $ 62 $ 81 Property and equipment, net 71 69 Deferred income tax assets 51 48 Other non-current assets 62 61 Accounts payable, accrued expenses and other 32 49 Long-term debt (1) 193 194 Other long-term liabilities 17 17 ____________ (1) Includes finance lease liabilities of $175 million and $177 million as of March 31, 2020 and December 31, 2019, respectively. We did not provide any financial or other support to any consolidated VIEs that we were not previously contractually required to provide during the three months ended March 31, 2020 and 2019, and we are not aware of any future obligations to do so.

Amortizing Intangible Assets

Amortizing Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortizing Intangible Assets	Finite-Lived Intangible Assets Finite-lived intangible assets were as follows: March 31, 2020 Gross Carrying Value Accumulated Amortization Net Carrying Value (in millions) Management and franchise contracts: Management and franchise contracts recorded at Merger (1) $ 2,156 $ (2,009) $ 147 Contract acquisition costs 602 (126) 476 Development commissions and other 131 (20) 111 $ 2,889 $ (2,155) $ 734 Other intangible assets: Leases (1)(2) $ 144 $ (83) $ 61 Capitalized software costs 642 (425) 217 Hilton Honors (1) 337 (262) 75 $ 1,123 $ (770) $ 353 December 31, 2019 Gross Carrying Value Accumulated Amortization Net Carrying Value (in millions) Management and franchise contracts: Management and franchise contracts recorded at Merger (1) $ 2,163 $ (1,974) $ 189 Contract acquisition costs 604 (121) 483 Development commissions and other 127 (19) 108 $ 2,894 $ (2,114) $ 780 Other intangible assets: Leases (1) $ 290 $ (176) $ 114 Capitalized software costs 625 (399) 226 Hilton Honors (1) 338 (257) 81 Other (1) 34 (34) — $ 1,287 $ (866) $ 421 ____________ (1) Represents intangible assets that were initially recorded at their fair value as part of the October 24, 2007 transaction whereby we became a wholly owned subsidiary of affiliates of The Blackstone Group Inc. (the "Merger"). (2) We recognized impairment losses during the three months ended March 31, 2020 that reduced the gross carrying value of our leases intangible asset by $138 million, the accumulated amortization by $92 million and the net carrying value by $46 million. See Note 7: "Fair Value Measurements" for additional information. Amortization of our finite-lived intangible assets was as follows: Three Months Ended March 31, 2020 2019 (in millions) Recognized in depreciation and amortization expense (1) $ 77 $ 70 Recognized as a reduction of franchise and licensing fees and base and other management fees 8 7 ____________ (1) Includes amortization expense of $49 million and $51 million for the three months ended March 31, 2020 and 2019, respectively, associated with assets that were initially recorded at their fair value at the time of the Merger. We estimate future amortization of our finite-lived intangible assets as of March 31, 2020 to be as follows: Recognized in Depreciation and Amortization Expense Recognized as a Reduction of Franchise and Licensing Fees and Base and Other Management Fees Year (in millions) 2020 (remaining) $ 197 $ 21 2021 126 28 2022 97 26 2023 58 25 2024 12 25 Thereafter 121 351 $ 611 $ 476

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of March 31, 2020, were as follows: March 31, December 31, 2020 2019 (in millions) Senior secured revolving credit facility with a weighted average rate of 2.06%, due 2024 $ 1,690 $ 195 Senior secured term loan facility with a rate of 2.70%, due 2026 2,619 2,619 Senior notes with a rate of 4.250%, due 2024 1,000 1,000 Senior notes with a rate of 4.625%, due 2025 900 900 Senior notes with a rate of 5.125%, due 2026 1,500 1,500 Senior notes with a rate of 4.875%, due 2027 600 600 Senior notes with a rate of 4.875%, due 2030 1,000 1,000 Finance lease liabilities with a weighted average rate of 5.74%, due 2020 to 2030 249 245 Other debt with a rate of 3.08% due 2026 18 17 9,576 8,076 Less: unamortized deferred financing costs and discount (80) (83) Less: current maturities of long-term debt (1) (41) (37) $ 9,455 $ 7,956 ____________ (1) Represents current maturities of finance lease liabilities. In April 2020, we issued $1.0 billion aggregate principal amount of senior notes, which are outstanding as of the date of this report, in addition to the other long-term debt balances above. See Note 15: "Subsequent Events" for additional information. Our senior secured credit facilities consist of a $1.75 billion senior secured revolving credit facility (the "Revolving Credit Facility") and a senior secured term loan facility (the "Term Loans"). The obligations of our senior secured credit facilities are unconditionally and irrevocably guaranteed by the Parent and substantially all of its direct and indirect wholly owned domestic subsidiaries. As a precautionary measure in order to increase our cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 pandemic, we fully drew down on our Revolving Credit Facility during the three months ended March 31, 2020, and, as of March 31, 2020, had outstanding borrowings of $1.69 billion, after giving effect to $60 million letters of credit outstanding. The 4.250% Senior Notes due 2024 (the "2024 Senior Notes"), the 4.625% Senior Notes due 2025 (the "2025 Senior Notes"), the 5.125% Senior Notes due 2026 (the "2026 Senior Notes"), the 4.875% Senior Notes due 2027 (the "2027 Senior Notes") and the 4.875% Senior Notes due 2030 ("2030 Senior Notes") are collectively referred to as the Senior Notes and are jointly and severally guaranteed on a senior unsecured basis by the Parent and substantially all of its direct and indirect wholly owned domestic subsidiaries that are themselves not an issuer of the applicable series of senior notes. The contractual maturities of our long-term debt as of March 31, 2020 were as follows: Year (in millions) 2020 (remaining) $ 41 2021 33 2022 23 2023 21 2024 2,712 Thereafter 6,746 $ 9,576

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Estimates of the fair values of our financial instruments and nonfinancial assets were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop the estimated fair values. The fair values of certain financial instruments and the hierarchy level we used to estimate the fair values are shown below: March 31, 2020 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 1,385 $ — $ 1,385 $ — Restricted cash equivalents 10 — 10 — Liabilities: Long-term debt (1) 9,229 4,671 — 4,134 Interest rate swaps 92 — 92 — December 31, 2019 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 117 $ — $ 117 $ — Restricted cash equivalents 32 — 32 — Liabilities: Long-term debt (1) 7,731 5,230 — 2,834 Interest rate swaps 37 — 37 — ____________ (1) The carrying values include unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt. We measure our interest rate swaps at fair value, which was estimated using a discounted cash flow analysis that reflects the contractual terms of the interest rate swaps, including the period to maturity, and uses observable market-based inputs of similar instruments, including interest rate curves, as applicable. Our interest rate swaps are included in other long-term liabilities in our condensed consolidated balance sheets. The estimated fair values of our nonfinancial assets that were measured at fair value on a non-recurring basis during the three months ended March 31, 2020 were as follows: Carrying Value Impairment Losses Fair Value (1) (in millions) Other intangible assets, net (2) $ 46 $ (46) $ — Operating lease right-of-use assets (2) 86 (45) 41 Property and equipment, net (2) 29 (21) 8 ____________ (1) Fair value measurements using significant Level 3 unobservable inputs. (2) Related to certain hotel properties under operating and finance leases in our ownership segment. We assessed recoverability of the assets included in the table above using estimates of undiscounted net cash flows, and concluded that the carrying values of the assets were not fully recoverable. We then estimated the fair value of these assets using discounted cash flow analyses, which included an estimate of the impact of the COVID-19 pandemic on each leased property based on the expected recovery term. Estimated stabilized growth rates after the recovery period ranged from 1.7 percent to 4.8 percent, and discount rates ranged from 7.0 percent to 12.0 percent, with the weighted average, based on relative impairment losses, for both inputs being at the lower end of each of the ranges. The stabilized growth rates after recovery and discount rates used for the fair value of the assets reflect the risk profile of the underlying cash flows and the individual markets where the assets are located, and are not necessarily indicative of our hotel portfolio as a whole. The fair values of financial instruments not included in these tables are estimated to be equal to their carrying values as of March 31, 2020 and December 31, 2019.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
Leases	Leases We lease hotel properties, land, corporate office space and equipment used at hotels and corporate offices, with our most significant lease liabilities related to hotel properties. As of March 31, 2020, we leased 52 hotels under operating leases and six hotels under finance leases, two of which were the liabilities of consolidated VIEs and were non-recourse to us. Our hotel leases expire at various dates, with varying renewal and termination options. During the three months ended March 31, 2020, we recognized $45 million and $2 million of impairment losses related to certain operating and finance lease right-of-use ("ROU") assets, respectively, included in impairment losses in our condensed consolidated statement of operations; see Note 7: "Fair Value Measurements" for additional information. Supplemental balance sheet information related to leases was as follows: March 31, December 31, 2020 2019 (dollars in millions) Operating leases: Operating lease right-of-use assets $ 770 $ 867 Accounts payable, accrued expenses and other 146 133 Operating lease liabilities 966 1,037 Finance leases: Property and equipment, net $ 52 $ 52 Current maturities of long-term debt 41 37 Long-term debt 208 208 Weighted average remaining lease term: Operating leases 12.7 years 12.8 years Finance leases 8.2 years 8.6 years Weighted average discount rate: Operating leases 3.77 % 3.76 % Finance leases 5.74 % 5.83 % The components of lease expense were as follows: Three Months Ended March 31, 2020 2019 (in millions) Operating lease expense for fixed payments $ 35 $ 37 Finance lease expense: Amortization of ROU assets 7 8 Interest on lease liabilities 4 4 Variable lease expense (1) 9 19 ____________ (1) Includes amounts related to operating leases and interest payments on finance leases. Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2020 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 29 $ 48 Financing cash flows from finance leases 10 11 ROU assets obtained in exchange for lease liabilities in non-cash transactions: Operating leases (1) 6 — Finance leases 11 42 ____________ (1) Amount was less than $1 million for the three months ended March 31, 2019. Our future minimum lease payments as of March 31, 2020 were as follows: Operating Finance Year (in millions) 2020 (remaining) $ 142 $ 44 2021 169 45 2022 139 36 2023 124 30 2024 103 30 Thereafter 758 135 Total minimum lease payments 1,435 320 Less: imputed interest (323) (71) Total lease liabilities $ 1,112 $ 249

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes At the end of each quarter, we estimate the effective income tax rate expected to be applied for the full year to ordinary income, which excludes discrete items. Discrete items that were recognized during the three months ended March 31, 2020 included impairment losses and the vesting of certain share-based compensation awards, which provided us with tax benefits. The effective income tax rate for the full year is determined by the level and composition of income (loss) before income taxes, excluding discrete items as discussed above, which is subject to federal, state, local and foreign income taxes. The Company's forecast includes losses for the full year in many foreign jurisdictions. For certain foreign jurisdictions, we expect to have net operating losses ("NOLs"), which we expect to be utilized in future periods. However, as future utilization of NOLs reduces foreign taxes paid, we expect U.S. foreign tax credits to be reduced, thereby reducing or eliminating the tax benefit of the NOLs on a global basis. Because of the reduced global tax benefit of NOLs in these specific jurisdictions, our effective income tax rate estimate is lower than the combined U.S. statutory rate. Due to forecasted losses before income taxes for the full year, the Company is forecasting an overall tax benefit. We file income tax returns, including returns for our subsidiaries, with federal, state, local and foreign tax jurisdictions. We are under regular and recurring audit by the Internal Revenue Service ("IRS") and other taxing authorities on open tax positions. The timing of the resolution of tax audits is highly uncertain, as are the amounts, if any, that may ultimately be paid upon such resolution. Changes may result from the conclusion of ongoing audits, appeals or litigation in federal, state, local and foreign tax jurisdictions or from the resolution of various proceedings between the U.S. and foreign tax authorities. As of March 31, 2020, we remain subject to federal and state examinations of our income tax returns for tax years from 2005 through 2018 and foreign examinations of our income tax returns for tax years from 1996 through 2019. Our total unrecognized tax benefits as of March 31, 2020 and December 31, 2019 were $394 million and $395 million, respectively. As of March 31, 2020 and December 31, 2019, we had accrued approximately $55 million and $52 million, respectively, for interest and penalties related to our unrecognized tax benefits. Included in the balances of unrecognized tax benefits as of March 31, 2020 and December 31, 2019 was $380 million associated with positions that, if favorably resolved, would provide a benefit to our effective income tax rate. In prior periods, we received 30-day Letters from the IRS and the Revenue Agents Reports ("RARs") for the 2006 through the 2013 tax years. We disagreed with several of the proposed adjustments in the RARs and filed formal appeals protests with the IRS. The unsettled proposed adjustments sought by the IRS for the tax years with open audits would result in additional U.S. federal tax owed of approximately $817 million, excluding interest and penalties and potential state income taxes. We disagree with the IRS's position on each of their assertions and intend to vigorously contest them. However, based on continuing appeals process discussions with the IRS, we believe that it is more likely than not that we will not recognize the full benefit related to certain of the issues being appealed. Accordingly, as of March 31, 2020, we had recorded $58 million of unrecognized tax benefits related to these issues.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We recognized a benefit related to share-based compensation of $12 million during the three months ended March 31, 2020 and expense of $34 million during the three months ended March 31, 2019, which included amounts reimbursed by hotel owners. The benefit recognized during the three months ended March 31, 2020 was primarily due to the reversal of expense recognized in prior periods, as a result of the determination that the performance conditions of certain share-based compensation awards were no longer probable of achievement. As part of the Hilton 2017 Omnibus Incentive Plan (the "2017 Plan"), we award time-vesting restricted stock units and restricted stock (collectively, "RSUs"), nonqualified stock options ("options") and performance-vesting RSUs ("performance shares") to our eligible employees. As of March 31, 2020, unrecognized compensation costs for unvested awards under the 2017 Plan were approximately $210 million, which are expected to be recognized over a weighted-average period of 2.0 years on a straight-line basis. As of March 31, 2020, there were 12.5 million shares of common stock available for future issuance under the 2017 Plan, plus any shares subject to awards outstanding under the 2013 Omnibus Incentive Plan, which will become available for issuance under the 2017 Plan if such outstanding awards expire or are terminated or are canceled or forfeited. RSUs During the three months ended March 31, 2020, we granted 0.91 million RSUs with a weighted average grant date fair value per share of $93.43, which generally vest in equal annual installments over two Options During the three months ended March 31, 2020, we granted 0.75 million options with a weighted average exercise price per share of $93.33, which vest over three years from the date of grant in equal annual installments and terminate 10 years from the date of grant or earlier if the individual’s service terminates under certain circumstances. The weighted average grant date fair value per share of the options granted during the three months ended March 31, 2020 was $21.47, which was determined using the Black-Scholes-Merton option-pricing model with the following assumptions: Expected volatility (1) 23.69 % Dividend yield (2) 0.55 % Risk-free rate (3) 0.96 % Expected term (in years) (4) 6.0 ____________ (1) Estimated using historical movement of Hilton's stock price. (2) Estimated based on the quarterly dividend and the three-month average stock price at the date of grant. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected lives. (4) Estimated using the average of the vesting periods and the contractual term of the options. As of March 31, 2020, 2.0 million options were exercisable. Performance Shares During the three months ended March 31, 2020, we granted 0.35 million performance shares with a weighted average grant date fair value per share of $93.33. The performance shares are settled at the end of the three-year performance period with: (i) 50 percent of the awards subject to achievement based on the compound annual growth rate ("CAGR") of the Company's earnings before interest expense, income tax expense (benefit) and depreciation and amortization ("EBITDA"), adjusted to exclude certain items ("Adjusted EBITDA") and (ii) 50 percent of the awards subject to achievement based on the Company’s free cash flow per share CAGR. The total number of performance shares that vest related to each performance measure is based on an achievement factor, which is estimated each reporting period, that ranges from a zero percent to 200 percent payout, with 100 percent being the target. As of March 31, 2020, we determined that the performance conditions for the outstanding 2018 performance shares were not probable of achievement, and that the performance conditions for the outstanding 2019 and 2020 performance shares were probable of achievement, for which we recognized compensation expense at the target achievement percentage.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended March 31, 2020 2019 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 18 $ 158 Denominator: Weighted average shares outstanding 277 293 Basic EPS $ 0.06 $ 0.54 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 18 $ 158 Denominator: Weighted average shares outstanding 280 295 Diluted EPS $ 0.06 $ 0.54 Approximately 1 million share-based compensation awards were excluded from the computation of diluted EPS for the three months ended March 31, 2020 and 2019 because their effect would have been anti-dilutive under the treasury stock method.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss	Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss The following tables present the changes in the components of stockholders' equity (deficit): Three Months Ended March 31, 2020 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of December 31, 2019 279 $ 3 $ (4,169) $ 10,489 $ (5,965) $ (840) $ 10 $ (472) Net income — — — — 18 — — 18 Other comprehensive loss — — — — — (59) — (59) Dividends — — — — (42) — — (42) Repurchases of common stock (3) — (279) — — — — (279) Share-based compensation 1 — (14) (46) — — — (60) Cumulative effect of the adoption of ASU 2016-13 — — — — (10) — — (10) Balance as of March 31, 2020 277 $ 3 $ (4,462) $ 10,443 $ (5,999) $ (899) $ 10 $ (904) Three Months Ended March 31, 2019 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of December 31, 2018 295 $ 3 $ (2,625) $ 10,372 $ (6,417) $ (782) $ 7 $ 558 Net income — — — — 158 — 1 159 Other comprehensive loss — — — — — (16) — (16) Dividends — — — — (43) — — (43) Repurchases of common stock (4) — (296) — — — — (296) Share-based compensation 1 — — 2 — — — 2 Cumulative effect of the adoption of ASU 2016-02 — — — — (256) — — (256) Balance as of March 31, 2019 292 $ 3 $ (2,921) $ 10,374 $ (6,558) $ (798) $ 8 $ 108 In March 2020, our board of directors authorized the repurchase of an additional $2.0 billion under our existing stock repurchase program, bringing total authorizations under the program to $5.5 billion. Subsequent to the additional authorization, on March 26, 2020, we announced the suspension of share repurchases, with no share repurchases made after March 5, 2020, as well as the payment of dividends, other than those that were already declared, which is expected to be temporary. The stock repurchase program remains authorized by the board of directors, and we may resume share repurchases in the future at any time, depending on market conditions, our capital needs and other factors. As of March 31, 2020, approximately $2.2 billion remained available for share repurchases under the program. The changes in the components of accumulated other comprehensive loss, net of taxes, were as follows: Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2019 $ (549) $ (269) $ (22) $ (840) Other comprehensive loss before reclassifications (25) (1) (34) (60) Amounts reclassified from accumulated other comprehensive loss 1 2 (2) 1 Net current period other comprehensive income (loss) (24) 1 (36) (59) Balance as of March 31, 2020 $ (573) $ (268) $ (58) $ (899) Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2018 $ (545) $ (260) $ 23 $ (782) Other comprehensive loss before reclassifications (3) — (13) (16) Amounts reclassified from accumulated other comprehensive loss — 2 (2) — Net current period other comprehensive income (loss) (3) 2 (15) (16) Balance as of March 31, 2019 $ (548) $ (258) $ 8 $ (798) ____________ (1) Includes net investment hedges and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified for the three months ended March 31, 2020 related to the liquidation of an investment in a foreign entity and was recognized net of taxes in gain on foreign currency transactions in our condensed consolidated statement of operations. (2) Amounts reclassified related to the amortization of prior service cost and amortization of net loss and were recognized net of taxes in other non-operating income, net in our condensed consolidated statements of operations.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segments	Business Segments We are a hospitality company with operations organized in two distinct operating segments: (i) management and franchise and (ii) ownership. These segments are managed and reported separately because of their distinct economic characteristics. The management and franchise segment includes all of the hotels we manage for third-party owners, as well as all franchised hotels operated or managed by someone other than us. This segment also earns licensing fees from Hilton Grand Vacations Inc. ("HGV") and strategic partnerships for the right to use certain Hilton marks and IP, as well as fees for managing properties in our ownership segment. As of March 31, 2020, this segment included 694 managed hotels and 5,348 franchised hotels consisting of 948,433 total rooms, of which approximately 695 hotels had temporarily suspended operations at some point in time during the three months ended March 31, 2020 as a result of the COVID-19 pandemic. As of March 31, 2020, the ownership segment included 65 properties totaling 20,562 rooms, of which approximately 35 hotels had temporarily suspended operations at some point in time during the three months ended March 31, 2020 as a result of the COVID-19 pandemic. The segment comprised 57 hotels that we wholly owned or leased, one hotel owned by a consolidated non-wholly owned entity, two hotels leased by consolidated VIEs and five hotels owned or leased by unconsolidated affiliates. The performance of our operating segments is evaluated primarily on operating income, without allocating other revenues and expenses or general and administrative expenses. The following table presents revenues for our reportable segments, reconciled to consolidated amounts: Three Months Ended March 31, 2020 2019 (in millions) Franchise and licensing fees $ 342 $ 385 Base and other management fees (1) 66 92 Incentive management fees 23 55 Management and franchise 431 532 Ownership 210 312 Segment revenues 641 844 Amortization of contract acquisition costs (8) (7) Other revenues 23 26 Direct reimbursements from managed and franchised properties (2) 745 775 Indirect reimbursements from managed and franchised properties (2) 520 574 Intersegment fees elimination (1) (1) (8) Total revenues $ 1,920 $ 2,204 ____________ (1) Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations. (2) Included in other revenues from managed and franchised properties in our condensed consolidated statements of operations. The following table presents operating income for our reportable segments, reconciled to consolidated income (loss) before income taxes: Three Months Ended March 31, 2020 2019 (in millions) Management and franchise (1) $ 431 $ 532 Ownership (1) (30) 6 Segment operating income 401 538 Amortization of contract acquisition costs (8) (7) Other revenues, less other expenses 9 6 Net other expenses from managed and franchised properties (71) (34) Depreciation and amortization (91) (84) General and administrative expenses (60) (107) Impairment losses (112) — Operating income 68 312 Interest expense (94) (98) Gain on foreign currency transactions 9 — Other non-operating income, net — 4 Income (loss) before income taxes $ (17) $ 218 ____________ (1) Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations. The following table presents total assets for our reportable segments, reconciled to consolidated amounts: March 31, December 31, 2020 2019 (in millions) Management and franchise $ 11,218 $ 11,455 Ownership 1,396 1,610 Corporate and other 3,174 1,892 $ 15,788 $ 14,957 The following table presents capital expenditures for property and equipment for our reportable segments, reconciled to consolidated amounts: Three Months Ended March 31, 2020 2019 (in millions) Ownership $ 6 $ 11 Corporate and other 6 12 $ 12 $ 23

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We provide performance guarantees to certain owners of hotels that we operate under management contracts. Most of these guarantees allow us to terminate the contract, rather than fund shortfalls, if specified operating performance levels are not achieved. However, in limited cases, we are obligated to fund performance shortfalls, creating variable interests in the ownership entities of the hotels, of which we are not the primary beneficiary. As of March 31, 2020, we had four performance guarantees, with expirations ranging from 2023 to 2039, and possible cash outlays totaling approximately $19 million. Our obligations under these guarantees in future periods are dependent on the operating performance level of the related hotel over the remaining term of the performance guarantee. As of March 31, 2020 and December 31, 2019, we accrued current liabilities of $6 million and $3 million, respectively, for our performance guarantees. We may enter into new contracts containing performance guarantees in the future, which could increase our possible cash outlays. We do not have any letters of credit pledged as collateral against our performance guarantees. We hold interests in VIEs, for which we are not the primary beneficiary, that have entered into loan agreements with third parties. Under the terms of our contractual arrangements with certain of these VIEs, we may provide financial support to such entities under specified circumstances, including default of such a VIE under a third-party loan agreement, and may have the option to acquire a controlling financial interest in such an entity at a predetermined amount. In a circumstance that we provide financial support or exercise our option to acquire an additional interest in a VIE, we may be required to reassess whether we are the primary beneficiary of the VIE. If we determine that we are the primary beneficiary of the VIE, we would be required to consolidate the total assets, liabilities and results of operations of the VIE, which may be material upon consolidation. As of March 31, 2020, we guaranteed two loans for three hotels that we franchise or will franchise for a total of $30 million. One of the loans has an initial maturity date in 2022 with two one-year extension options and the other loan will mature in 2023. Although we believe it is unlikely that material payments will be required under these guarantees, there can be no assurance that this will be the case. We do not have any letters of credit pledged as collateral against these guarantees. We have entered into an agreement with the owners of a hotel that we manage to finance capital expenditures at the hotel. As of March 31, 2020, we had remaining possible cash outlays related to this agreement of approximately $10 million, which we currently expect to fund in 2020, but timing may be delayed as the plans for the renovations at the hotel may be postponed. We receive fees from managed and franchised properties to operate our marketing, sales and brand programs on behalf of hotel owners. As of March 31, 2020 and December 31, 2019, we had collected an aggregate of $292 million and $350 million in excess of amounts expended, respectively, across all programs. We are involved in various claims and lawsuits arising in the ordinary course of business, some of which include claims for substantial sums. While the ultimate results of claims and litigation cannot be predicted with certainty, we expect that the ultimate resolution of all pending or threatened claims and litigation as of March 31, 2020 will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Senior Notes Offering In April 2020, Hilton Domestic Operating Company Inc. ("HOC"), an indirect, wholly owned subsidiary of the Parent, issued $500 million aggregate principal amount of 5.375% Senior Notes due 2025 and $500 million aggregate principal amount of 5.750% Senior Notes due 2028, which are jointly and severally guaranteed on a senior unsecured basis by the Parent and substantially all of its direct and indirect wholly owned domestic subsidiaries, other than HOC, the issuer. We will use the proceeds for general corporate purposes. Honors Points Pre-Sale In April 2020, we pre-sold Hilton Honors points to American Express for $1.0 billion in cash, of which a portion is recorded in liability for guest loyalty program and the remaining in deferred revenues in our condensed consolidated balance sheet. American Express and their respective designees may use the points in connection with Hilton Honors co-branded credit cards and for promotions, rewards and incentive programs or certain other activities as they may establish or engage in from time to time. We will recognize revenue from licensing fees related to these points when American Express issues the points to customers and other revenues from managed and franchised properties when customers redeem the Hilton Honors points. We will use the proceeds of the Hilton Honors points sale for working capital, general corporate and other purposes.

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements	In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") No. 2016-13 ("ASU 2016-13"), Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which significantly changes how entities account for credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. On January 1, 2020, we adopted ASU 2016-13 and subsequent ASUs issued to clarify its application, on a prospective basis, and recognized a $10 million cumulative adjustment, net of taxes, to accumulated deficit. As a result of the adoption, we consider forecasted business conditions, in addition to current business conditions and historical collection activity, in calculating our allowance for credit losses on accounts receivable. The cumulative adjustment to accumulated deficit that we recognized upon adoption of this ASU did not include the impact of the COVID-19 crisis as a forecasted business condition. By applying ASU 2016-13 at the adoption date, the presentation of credit losses for periods prior to January 1, 2020 remains unchanged and in accordance with Receivables (Topic 310 ).

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract Liabilities	The following table summarizes the activity of our contract liabilities, which are classified as a component of current and long-term deferred revenues, during the three months ended March 31, 2020: (in millions) Balance as of December 31, 2019 $ 1,041 Cash received in advance and not recognized as revenue (1) 106 Revenue recognized (1) (54) Other (2) (10) Balance as of March 31, 2020 $ 1,083 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, which included $40 million for revenue recognized. (2) Primarily the result of changes in estimated transaction prices for our performance obligations related to points issued under Hilton Honors, which had no effect on revenues.

Consolidated Variable Interes_2

Consolidated Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2020
Consolidated Variable Interest Entities Disclosure [Abstract]
Schedule of Variable Interest Entities	Our condensed consolidated balance sheets included the assets and liabilities of these entities, which primarily comprised the following: March 31, December 31, 2020 2019 (in millions) Cash and cash equivalents $ 62 $ 81 Property and equipment, net 71 69 Deferred income tax assets 51 48 Other non-current assets 62 61 Accounts payable, accrued expenses and other 32 49 Long-term debt (1) 193 194 Other long-term liabilities 17 17 ____________ (1) Includes finance lease liabilities of $175 million and $177 million as of March 31, 2020 and December 31, 2019, respectively.

Amortizing Intangible Assets (T

Amortizing Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Amortizing Intangible Assets	Finite-lived intangible assets were as follows: March 31, 2020 Gross Carrying Value Accumulated Amortization Net Carrying Value (in millions) Management and franchise contracts: Management and franchise contracts recorded at Merger (1) $ 2,156 $ (2,009) $ 147 Contract acquisition costs 602 (126) 476 Development commissions and other 131 (20) 111 $ 2,889 $ (2,155) $ 734 Other intangible assets: Leases (1)(2) $ 144 $ (83) $ 61 Capitalized software costs 642 (425) 217 Hilton Honors (1) 337 (262) 75 $ 1,123 $ (770) $ 353 December 31, 2019 Gross Carrying Value Accumulated Amortization Net Carrying Value (in millions) Management and franchise contracts: Management and franchise contracts recorded at Merger (1) $ 2,163 $ (1,974) $ 189 Contract acquisition costs 604 (121) 483 Development commissions and other 127 (19) 108 $ 2,894 $ (2,114) $ 780 Other intangible assets: Leases (1) $ 290 $ (176) $ 114 Capitalized software costs 625 (399) 226 Hilton Honors (1) 338 (257) 81 Other (1) 34 (34) — $ 1,287 $ (866) $ 421 ____________ (1) Represents intangible assets that were initially recorded at their fair value as part of the October 24, 2007 transaction whereby we became a wholly owned subsidiary of affiliates of The Blackstone Group Inc. (the "Merger"). (2) We recognized impairment losses during the three months ended March 31, 2020 that reduced the gross carrying value of our leases intangible asset by $138 million, the accumulated amortization by $92 million and the net carrying value by $46 million. See Note 7: "Fair Value Measurements" for additional information.
Amortization of Amortizing Intangible Assets	Amortization of our finite-lived intangible assets was as follows: Three Months Ended March 31, 2020 2019 (in millions) Recognized in depreciation and amortization expense (1) $ 77 $ 70 Recognized as a reduction of franchise and licensing fees and base and other management fees 8 7 ____________ (1) Includes amortization expense of $49 million and $51 million for the three months ended March 31, 2020 and 2019, respectively, associated with assets that were initially recorded at their fair value at the time of the Merger.
Schedule of Future Amortization Expense of Intangible Assets	We estimate future amortization of our finite-lived intangible assets as of March 31, 2020 to be as follows: Recognized in Depreciation and Amortization Expense Recognized as a Reduction of Franchise and Licensing Fees and Base and Other Management Fees Year (in millions) 2020 (remaining) $ 197 $ 21 2021 126 28 2022 97 26 2023 58 25 2024 12 25 Thereafter 121 351 $ 611 $ 476

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of March 31, 2020, were as follows: March 31, December 31, 2020 2019 (in millions) Senior secured revolving credit facility with a weighted average rate of 2.06%, due 2024 $ 1,690 $ 195 Senior secured term loan facility with a rate of 2.70%, due 2026 2,619 2,619 Senior notes with a rate of 4.250%, due 2024 1,000 1,000 Senior notes with a rate of 4.625%, due 2025 900 900 Senior notes with a rate of 5.125%, due 2026 1,500 1,500 Senior notes with a rate of 4.875%, due 2027 600 600 Senior notes with a rate of 4.875%, due 2030 1,000 1,000 Finance lease liabilities with a weighted average rate of 5.74%, due 2020 to 2030 249 245 Other debt with a rate of 3.08% due 2026 18 17 9,576 8,076 Less: unamortized deferred financing costs and discount (80) (83) Less: current maturities of long-term debt (1) (41) (37) $ 9,455 $ 7,956 ____________ (1) Represents current maturities of finance lease liabilities.
Debt Maturities	The contractual maturities of our long-term debt as of March 31, 2020 were as follows: Year (in millions) 2020 (remaining) $ 41 2021 33 2022 23 2023 21 2024 2,712 Thereafter 6,746 $ 9,576

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements - Recurring & Disclosure	The fair values of certain financial instruments and the hierarchy level we used to estimate the fair values are shown below: March 31, 2020 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 1,385 $ — $ 1,385 $ — Restricted cash equivalents 10 — 10 — Liabilities: Long-term debt (1) 9,229 4,671 — 4,134 Interest rate swaps 92 — 92 — December 31, 2019 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 117 $ — $ 117 $ — Restricted cash equivalents 32 — 32 — Liabilities: Long-term debt (1) 7,731 5,230 — 2,834 Interest rate swaps 37 — 37 — ____________ (1) The carrying values include unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt.
Fair Value Measurements - Nonrecurring	The estimated fair values of our nonfinancial assets that were measured at fair value on a non-recurring basis during the three months ended March 31, 2020 were as follows: Carrying Value Impairment Losses Fair Value (1) (in millions) Other intangible assets, net (2) $ 46 $ (46) $ — Operating lease right-of-use assets (2) 86 (45) 41 Property and equipment, net (2) 29 (21) 8 ____________ (1) Fair value measurements using significant Level 3 unobservable inputs. (2) Related to certain hotel properties under operating and finance leases in our ownership segment.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: March 31, December 31, 2020 2019 (dollars in millions) Operating leases: Operating lease right-of-use assets $ 770 $ 867 Accounts payable, accrued expenses and other 146 133 Operating lease liabilities 966 1,037 Finance leases: Property and equipment, net $ 52 $ 52 Current maturities of long-term debt 41 37 Long-term debt 208 208 Weighted average remaining lease term: Operating leases 12.7 years 12.8 years Finance leases 8.2 years 8.6 years Weighted average discount rate: Operating leases 3.77 % 3.76 % Finance leases 5.74 % 5.83 %
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended March 31, 2020 2019 (in millions) Operating lease expense for fixed payments $ 35 $ 37 Finance lease expense: Amortization of ROU assets 7 8 Interest on lease liabilities 4 4 Variable lease expense (1) 9 19 ____________ (1) Includes amounts related to operating leases and interest payments on finance leases.
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2020 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 29 $ 48 Financing cash flows from finance leases 10 11 ROU assets obtained in exchange for lease liabilities in non-cash transactions: Operating leases (1) 6 — Finance leases 11 42 ____________ (1) Amount was less than $1 million for the three months ended March 31, 2019.
Schedule of Future Minimum Lease Payments	Our future minimum lease payments as of March 31, 2020 were as follows: Operating Finance Year (in millions) 2020 (remaining) $ 142 $ 44 2021 169 45 2022 139 36 2023 124 30 2024 103 30 Thereafter 758 135 Total minimum lease payments 1,435 320 Less: imputed interest (323) (71) Total lease liabilities $ 1,112 $ 249

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options Valuation Assumptions	The weighted average grant date fair value per share of the options granted during the three months ended March 31, 2020 was $21.47, which was determined using the Black-Scholes-Merton option-pricing model with the following assumptions: Expected volatility (1) 23.69 % Dividend yield (2) 0.55 % Risk-free rate (3) 0.96 % Expected term (in years) (4) 6.0 ____________ (1) Estimated using historical movement of Hilton's stock price. (2) Estimated based on the quarterly dividend and the three-month average stock price at the date of grant. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected lives. (4) Estimated using the average of the vesting periods and the contractual term of the options.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table presents the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended March 31, 2020 2019 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 18 $ 158 Denominator: Weighted average shares outstanding 277 293 Basic EPS $ 0.06 $ 0.54 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 18 $ 158 Denominator: Weighted average shares outstanding 280 295 Diluted EPS $ 0.06 $ 0.54

Stockholders' Equity (Deficit_2

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stockholders' Equity (Deficit)	The following tables present the changes in the components of stockholders' equity (deficit): Three Months Ended March 31, 2020 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of December 31, 2019 279 $ 3 $ (4,169) $ 10,489 $ (5,965) $ (840) $ 10 $ (472) Net income — — — — 18 — — 18 Other comprehensive loss — — — — — (59) — (59) Dividends — — — — (42) — — (42) Repurchases of common stock (3) — (279) — — — — (279) Share-based compensation 1 — (14) (46) — — — (60) Cumulative effect of the adoption of ASU 2016-13 — — — — (10) — — (10) Balance as of March 31, 2020 277 $ 3 $ (4,462) $ 10,443 $ (5,999) $ (899) $ 10 $ (904) Three Months Ended March 31, 2019 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of December 31, 2018 295 $ 3 $ (2,625) $ 10,372 $ (6,417) $ (782) $ 7 $ 558 Net income — — — — 158 — 1 159 Other comprehensive loss — — — — — (16) — (16) Dividends — — — — (43) — — (43) Repurchases of common stock (4) — (296) — — — — (296) Share-based compensation 1 — — 2 — — — 2 Cumulative effect of the adoption of ASU 2016-02 — — — — (256) — — (256) Balance as of March 31, 2019 292 $ 3 $ (2,921) $ 10,374 $ (6,558) $ (798) $ 8 $ 108
Schedule of Accumulated Other Comprehensive Loss	The changes in the components of accumulated other comprehensive loss, net of taxes, were as follows: Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2019 $ (549) $ (269) $ (22) $ (840) Other comprehensive loss before reclassifications (25) (1) (34) (60) Amounts reclassified from accumulated other comprehensive loss 1 2 (2) 1 Net current period other comprehensive income (loss) (24) 1 (36) (59) Balance as of March 31, 2020 $ (573) $ (268) $ (58) $ (899) Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2018 $ (545) $ (260) $ 23 $ (782) Other comprehensive loss before reclassifications (3) — (13) (16) Amounts reclassified from accumulated other comprehensive loss — 2 (2) — Net current period other comprehensive income (loss) (3) 2 (15) (16) Balance as of March 31, 2019 $ (548) $ (258) $ 8 $ (798) ____________ (1) Includes net investment hedges and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified for the three months ended March 31, 2020 related to the liquidation of an investment in a foreign entity and was recognized net of taxes in gain on foreign currency transactions in our condensed consolidated statement of operations. (2) Amounts reclassified related to the amortization of prior service cost and amortization of net loss and were recognized net of taxes in other non-operating income, net in our condensed consolidated statements of operations.

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Reconciliation of Revenue from Segment Amounts to Consolidated Amounts	The following table presents revenues for our reportable segments, reconciled to consolidated amounts: Three Months Ended March 31, 2020 2019 (in millions) Franchise and licensing fees $ 342 $ 385 Base and other management fees (1) 66 92 Incentive management fees 23 55 Management and franchise 431 532 Ownership 210 312 Segment revenues 641 844 Amortization of contract acquisition costs (8) (7) Other revenues 23 26 Direct reimbursements from managed and franchised properties (2) 745 775 Indirect reimbursements from managed and franchised properties (2) 520 574 Intersegment fees elimination (1) (1) (8) Total revenues $ 1,920 $ 2,204 ____________ (1) Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations. (2) Included in other revenues from managed and franchised properties in our condensed consolidated statements of operations.
Reconciliation of Segment Operating Income to Income (Loss) Before Income Taxes	The following table presents operating income for our reportable segments, reconciled to consolidated income (loss) before income taxes: Three Months Ended March 31, 2020 2019 (in millions) Management and franchise (1) $ 431 $ 532 Ownership (1) (30) 6 Segment operating income 401 538 Amortization of contract acquisition costs (8) (7) Other revenues, less other expenses 9 6 Net other expenses from managed and franchised properties (71) (34) Depreciation and amortization (91) (84) General and administrative expenses (60) (107) Impairment losses (112) — Operating income 68 312 Interest expense (94) (98) Gain on foreign currency transactions 9 — Other non-operating income, net — 4 Income (loss) before income taxes $ (17) $ 218 ____________ (1) Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.
Schedule of Assets by Segment	The following table presents total assets for our reportable segments, reconciled to consolidated amounts: March 31, December 31, 2020 2019 (in millions) Management and franchise $ 11,218 $ 11,455 Ownership 1,396 1,610 Corporate and other 3,174 1,892 $ 15,788 $ 14,957
Schedule of Capital Expenditures by Segment	The following table presents capital expenditures for property and equipment for our reportable segments, reconciled to consolidated amounts: Three Months Ended March 31, 2020 2019 (in millions) Ownership $ 6 $ 11 Corporate and other 6 12 $ 12 $ 23

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details)	Mar. 31, 2020RoomCountryHotel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries and territories | Country	118
Number of hotels and resorts | Hotel	6,162
Number of hotel and resort rooms | Room	977,939

Recently Issued Accounting Pr_3

Recently Issued Accounting Pronouncements Additional Information (Details) $ in Millions	Jan. 01, 2020USD ($)
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of the adoption of an ASU	$ (10)

Revenues from Contracts with _3

Revenues from Contracts with Customers - Contract Liabilities (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020		Mar. 31, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liabilities balance		$ 1,083			$ 1,041
Cash received in advance and not recognized as revenue	[1]	106
Revenue recognized		54	[1]	$ 57
Other	[2]	10
Revenue recognized from Hilton Honors	[1]	$ 40
[1]	Primarily related to Hilton Honors, our guest loyalty program, which included $40 million for revenue recognized.
[2]	Primarily the result of changes in estimated transaction prices for our performance obligations related to points issued under Hilton Honors, which had no effect on revenues.

Revenues from Contracts with _4

Revenues from Contracts with Customers - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020		Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 54	[1]	$ 57
Loyalty Program Revenues [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 423
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	two to three years
Application, initiation and licensing fees [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 660
[1]	Primarily related to Hilton Honors, our guest loyalty program, which included $40 million for revenue recognized.

Consolidated Variable Interes_3

Consolidated Variable Interest Entities - Schedule of Consolidated Variable Interest Entities (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 1,734	$ 538
Accounts receivable, net		1,111	1,261
Property and equipment, net		356	380
Deferred income tax assets		116	100
Other non-current assets		297	280
Accounts payable, accrued expenses and other		1,460	1,703
Other long-term liabilities		935	883
Finance lease liabilities		249
Consolidated VIEs [member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		62	81
Property and equipment, net		71	69
Deferred income tax assets		51	48
Other non-current assets		62	61
Accounts payable, accrued expenses and other		32	49
Long-term debt	[1]	193	194
Other long-term liabilities		17	17
Finance lease liabilities		$ 175	$ 177
[1]	Includes finance lease liabilities of $175 million and $177 million as of March 31, 2020 and December 31, 2019, respectively.

Consolidated Variable Interes_4

Consolidated Variable Interest Entities - Additional Information (Details) - Hotel	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Number of consolidated variable interest entities	2	2

Amortizing Intangible Assets -

Amortizing Intangible Assets - Schedule of Finite Lived Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020		Mar. 31, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		$ 2,889			$ 2,894
Other intangible assets, gross		1,123			1,287
Management and franchise contracts, accumulated amortization		(2,155)			(2,114)
Other intangible assets, accumulated amortization		(770)			(866)
Management and franchise contracts, net		734			780
Other intangible assets, net		353			421
Impairment losses		112		$ 0
Other intangible assets, net [member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value of assets impaired		138
Accumulated amortization of assets impaired		92
Impairment losses	[1]	46
Management and franchise contracts recorded at merger [member]
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross	[2]	2,156			2,163
Management and franchise contracts, accumulated amortization	[2]	(2,009)			(1,974)
Management and franchise contracts, net	[2]	147			189
Contract acquisition costs [member]
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		602			604
Management and franchise contracts, accumulated amortization		(126)			(121)
Management and franchise contracts, net		476			483
Development commissions and other [member]
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		131			127
Management and franchise contracts, accumulated amortization		(20)			(19)
Management and franchise contracts, net		111			108
Other intangible assets, net [member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	[2]	144	[3]		290
Other intangible assets, accumulated amortization	[2]	(83)	[3]		(176)
Other intangible assets, net	[2]	61	[3]		114
Capitalized software costs [member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross		642			625
Other intangible assets, accumulated amortization		(425)			(399)
Other intangible assets, net		217			226
Hilton Honors [member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	[2]	337			338
Other intangible assets, accumulated amortization	[2]	(262)			(257)
Other intangible assets, net	[2]	$ 75			81
Other [member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	[2]				34
Other intangible assets, accumulated amortization	[2]				(34)
Other intangible assets, net	[2]				$ 0
[1]	Fair value measurements using significant Level 3 unobservable inputs.
[2]	Represents intangible assets that were initially recorded at their fair value as part of the October 24, 2007 transaction whereby we became a wholly owned subsidiary of affiliates of The Blackstone Group Inc. (the "Merger").
[3]	We recognized impairment losses during the three months ended March 31, 2020 that reduced the gross carrying value of our leases intangible asset by $138 million, the accumulated amortization by $92 million and the net carrying value by $46 million. See Note 7: "Fair Value Measurements" for additional information.

Amortizing Intangible Assets _2

Amortizing Intangible Assets - Amortization of Amortizing Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Depreciation and amortization [member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	[1]	$ 77	$ 70
Depreciation and amortization [member] | Intangible assets recorded at fair value at the time of the Merger [member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	[1]	49	51
Franchise and licensing fees and base and other management fee revenues [member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets		$ 8	$ 7
[1]	Includes amortization expense of $49 million and $51 million for the three months ended March 31, 2020 and 2019, respectively, associated with assets that were initially recorded at their fair value at the time of the Merger.

Amortizing Intangible Assets _3

Amortizing Intangible Assets - Schedule of Future Amortization (Details) $ in Millions	Mar. 31, 2020USD ($)
Depreciation and amortization [member]
Finite-Lived Intangible Assets [Line Items]
2020 (remaining)	$ 197
2021	126
2022	97
2023	58
2024	12
Thereafter	121
Amortizing intangible assets, net	611
Franchise and licensing fees and base and other management fee revenues [member]
Finite-Lived Intangible Assets [Line Items]
2020 (remaining)	21
2021	28
2022	26
2023	25
2024	25
Thereafter	351
Amortizing intangible assets, net	$ 476

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross		$ 9,576	$ 8,076
Unamortized deferred financing costs and discount		(80)	(83)
Current maturities of long-term debt	[1]	(41)	(37)
Long-term debt		9,455	7,956
Senior secured revolving credit facility [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,690	195
Debt, weighted average interest rate		2.06%
Senior secured term loan facility [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,619	2,619
Debt instrument, interest rate, stated percentage		2.70%
Senior notes due 2024 [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,000	1,000
Debt instrument, interest rate, stated percentage		4.25%
Senior notes due 2025 [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 900	900
Debt instrument, interest rate, stated percentage		4.625%
Senior notes due 2026 [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,500	1,500
Debt instrument, interest rate, stated percentage		5.125%
Senior notes due 2027 [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 600	600
Debt instrument, interest rate, stated percentage		4.875%
Senior notes due 2030 [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,000	1,000
Debt instrument, interest rate, stated percentage		4.875%
Finance lease liabilities [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 249	245
Debt, weighted average interest rate		5.74%
Other debt [member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 18	$ 17
Debt instrument, interest rate, stated percentage		3.08%
[1]	Represents current maturities of finance lease liabilities.

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	Apr. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross		$ 9,576	$ 8,076
Senior secured revolving credit facility [member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		1,750
Long-term debt, gross		$ 1,690	195
Senior notes due 2024 [member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.25%
Long-term debt, gross		$ 1,000	1,000
Senior notes due 2025 [member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.625%
Long-term debt, gross		$ 900	900
Senior notes due 2026 [member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		5.125%
Long-term debt, gross		$ 1,500	1,500
Senior notes due 2027 [member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.875%
Long-term debt, gross		$ 600	600
Senior notes due 2030 [member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.875%
Long-term debt, gross		$ 1,000	$ 1,000
Letter of Credit [Member] | Senior secured revolving credit facility [member]
Debt Instrument [Line Items]
Letters of credit outstanding		$ 60
Subsequent Event [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt	$ 1,000

Debt - Debt Maturities (Details

Debt - Debt Maturities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
2020 (remaining)	$ 41
2021	33
2022	23
2023	21
2024	2,712
Thereafter	6,746
Long-term debt, gross	$ 9,576	$ 8,076

Fair Value Measurements - Recur

Fair Value Measurements - Recurring & Disclosure (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Carrying value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		$ 1,385	$ 117
Restricted cash equivalents		10	32
Long-term debt	[1]	9,229	7,731
Interest rate swaps, liabilities		92	37
Level 1 [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	4,671	5,230
Level 2 [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		1,385	117
Restricted cash equivalents		10	32
Interest rate swaps, liabilities		92	37
Level 3 [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	$ 4,134	$ 2,834
[1]	The carrying values include unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt.

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other intangible assets, net		$ 353		$ 421
Impairment losses		(112)	$ 0
Operating lease right-of-use assets		770		867
Property and equipment, net		356		$ 380
Other intangible assets, net [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment losses	[1]	(46)
Other intangible assets, net [member] | Carrying value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other intangible assets, net		46
Other intangible assets, net [member] | Fair value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other intangible assets, net	[1],[2]	0
Operating lease right-of-use assets [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment losses	[1]	(45)
Operating lease right-of-use assets [member] | Carrying value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating lease right-of-use assets	[1]	86
Operating lease right-of-use assets [member] | Fair value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating lease right-of-use assets	[1],[2]	41
Property and equipment, net [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment losses	[1]	(21)
Property and equipment, net [member] | Carrying value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property and equipment, net	[1]	29
Property and equipment, net [member] | Fair value [member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property and equipment, net	[1],[2]	$ 8
[1]	Fair value measurements using significant Level 3 unobservable inputs.
[2]	Related to certain hotel properties under operating and finance leases in our ownership segment

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020
Growth rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Technique	1.7 percent to 4.8 percent
Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Technique	7.0 percent to 12.0 percent

Leases Supplemental Balance She

Leases Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Lessee Disclosure [Abstract]
Operating lease right-of-use assets	$ 770	$ 867
Accounts payable, accrued expenses and other	146	133
Operating lease liabilities	966	1,037
Property and equipment, net	52	52
Current maturities of long-term debt	41	37
Long-term debt	$ 208	$ 208
Weighted average remaining lease term, operating leases	12 years 8 months 12 days	12 years 9 months 18 days
Weighted average remaining lease term, finance leases	8 years 2 months 12 days	8 years 7 months 6 days
Weighted average discount rate, operating leases	3.77%	3.76%
Weighted average discount rate, finance leases	5.74%	5.83%

Leases Components of Lease Expe

Leases Components of Lease Expense (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Lessee Disclosure [Abstract]
Operating lease expense for fixed payments		$ 35	$ 37
Finance lease expense, amortization of ROU assets		7	8
Finance lease expense, interest on lease liabilities		4	4
Variable lease expense	[1]	$ 9	$ 19
[1]	Includes amounts related to operating leases and interest payments on finance leases.

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lessee Disclosure [Abstract]
Cash paid for amounts included in the measurement of lease liabilities: operating cash flows from operating leases	$ 29	$ 48
Cash paid for amounts included in the measurement of lease liabilities: financing cash flows from finance leases	10	11
ROU assets obtained in exchange for lease liabilities in non-cash transactions: operating leases	6	0
ROU assets obtained in exchange for lease liabilities in non-cash transactions: finance leases	$ 11	$ 42

Leases Future Minimum Lease Pay

Leases Future Minimum Lease Payments (Details) $ in Millions	Mar. 31, 2020USD ($)
Lessee Disclosure [Abstract]
Finance leases, 2020 (remaining)	$ 44
Finance leases, 2021	45
Finance leases, 2022	36
Finance leases, 2023	30
Finance leases, 2024	30
Finance leases, thereafter	135
Finance leases, total minimum lease payments	320
Less: imputed interest, finance leases	(71)
Finance lease liabilities	249
Operating leases, 2020 (remaining)	142
Operating leases, 2021	169
Operating leases, 2022	139
Operating leases, 2023	124
Operating leases, 2024	103
Operating leases, thereafter	758
Operating leases, total minimum lease payments	1,435
Less: imputed interest, operating leases	(323)
Operating lease liabilities	$ 1,112

Leases Additional Information (

Leases Additional Information (Details) $ in Millions		3 Months Ended
		Mar. 31, 2020USD ($)Hotel	Mar. 31, 2019USD ($)
Lessee Disclosure [Abstract]
Hotels under operating leases | Hotel		52
Hotels under finance leases | Hotel		6
Number of finance leases that were the liabilities of VIEs | Hotel		2
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment losses | $		$ 112	$ 0
Operating lease right-of-use assets [member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment losses | $	[1]	45
Finance lease right-of-use assets [member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment losses | $		$ 2
[1]	Fair value measurements using significant Level 3 unobservable inputs.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 394	$ 395
Accrual for interest and penalties	55	52
Unrecognized tax benefits that would provide benefit to effective tax rate	380	$ 380
Income tax examination, estimate of possible loss	817
Accrual related to IRS proposed additional tax owed	$ 58

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Options Valuation Assumptions (Details) - Employee stock option [member]	3 Months Ended
	Mar. 31, 2020Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	23.69%	[1]
Dividend yield	0.55%	[2]
Risk-free rate	0.96%	[3]
Expected term (in years)	6 years	[4]
[1]	Estimated using historical movement of Hilton's stock price.
[2]	Estimated based on the quarterly dividend and the three-month average stock price at the date of grant.
[3]	Based on the yields of U.S. Department of Treasury instruments with similar expected lives.
[4]	Estimated using the average of the vesting periods and the contractual term of the options.

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (benefit)	$ (12)	$ 34
Unrecognized compensation costs related to unvested awards	$ 210
Unrecognized compensation costs related to unvested awards, weighted-average period	2 years
Shares of common stock reserved for future issuance	12,500,000
Restricted stock units (RSUs) [member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	910,000
Weighted average grant date fair value, granted	$ 93.43
Employee stock option [member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Options granted in period	750,000
Options granted in period, weighted average exercise price	$ 93.33
Options, expiration period	10 years
Options, grants in period, grant date fair value	$ 21.47
Exercisable, in shares	2,000,000
Performance shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	350,000
Weighted average grant date fair value, granted	$ 93.33
EBITDA CAGR [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of performance shares	50 percent of the awards subject to achievement based on the compound annual growth rate ("CAGR") of the Company's earnings before interest expense, income tax expense (benefit) and depreciation and amortization ("EBITDA"), adjusted to exclude certain items ("Adjusted EBITDA")
Free cash flow CAGR [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of performance shares	50 percent of the awards subject to achievement based on the Company’s free cash flow per share CAGR
Minimum achievement percentage [Member] | Performance shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	0.00%
Target achievement percentage [Member] | Performance shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	100.00%
Maximum achievement percentage [Member] | Performance shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	200.00%
Minimum [Member] | Restricted stock units (RSUs) [member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
Maximum [Member] | Restricted stock units (RSUs) [member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic EPS:
Net income attributable to Hilton stockholders	$ 18	$ 158
Weighted average shares outstanding	277	293
Basic EPS	$ 0.06	$ 0.54
Diluted EPS:
Net income attributable to Hilton stockholders	$ 18	$ 158
Weighted average shares outstanding	280	295
Diluted EPS	$ 0.06	$ 0.54
Antidilutive securities excluded from the computation of EPS	Approximately 1 million	Approximately 1 million

Stockholders' Equity (Deficit_3

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Schedule of Stockholders' Equity (Deficit) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2020	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Beginning Balance, shares	278,985,125
Beginning Balance	$ (472)	$ 558
Equity (deficit) attributable to Hilton stockholders	(914)			$ (482)
Equity attributable to noncontrolling interests	(10)			(10)
Net income attributable to Hilton stockholders	18	158
Net income attributable to noncontrolling interests	0	1
Net income	18	159
Other comprehensive loss	(59)	(16)
Dividends	(42)	(43)
Repurchases of common stock	(279)	(296)
Share-based compensation	$ (60)	2
Ending Balance, shares	277,152,629
Ending Balance	$ (904)	$ 108
Accounting Standards Update 2016-13 [Member]
Class of Stock [Line Items]
Cumulative effect of the adoption of an ASU			$ (10)
Accounting Standards Update 2016-02 [Member]
Class of Stock [Line Items]
Cumulative effect of the adoption of an ASU					$ (256)
Common stock [member]
Class of Stock [Line Items]
Beginning Balance, shares	279,000,000	295,000,000
Equity (deficit) attributable to Hilton stockholders	$ 3	$ 3		3		$ 3
Repurchases of common stock, shares	(3,000,000)	(4,000,000)
Share-based compensation, shares	1,000,000	1,000,000
Ending Balance, shares	277,000,000	292,000,000
Treasury stock [member]
Class of Stock [Line Items]
Equity (deficit) attributable to Hilton stockholders	$ (4,462)	$ (2,921)		(4,169)		(2,625)
Repurchases of common stock	(279)	(296)
Share-based compensation	(14)
Additional paid-in capital [member]
Class of Stock [Line Items]
Equity (deficit) attributable to Hilton stockholders	10,443	10,374		10,489		10,372
Share-based compensation	(46)	2
Accumulated deficit [member]
Class of Stock [Line Items]
Equity (deficit) attributable to Hilton stockholders	(5,999)	(6,558)		(5,965)		(6,417)
Net income attributable to Hilton stockholders	18	158
Dividends	(42)	(43)
Accumulated deficit [member] | Accounting Standards Update 2016-13 [Member]
Class of Stock [Line Items]
Cumulative effect of the adoption of an ASU			$ (10)
Accumulated deficit [member] | Accounting Standards Update 2016-02 [Member]
Class of Stock [Line Items]
Cumulative effect of the adoption of an ASU					$ (256)
Accumulated other comprehensive loss [member]
Class of Stock [Line Items]
Equity (deficit) attributable to Hilton stockholders	(899)	(798)		(840)		(782)
Other comprehensive loss attributable to Hilton stockholders	(59)	(16)
Noncontrolling interests [member]
Class of Stock [Line Items]
Equity attributable to noncontrolling interests	10	8		$ 10		$ 7
Net income attributable to noncontrolling interests	$ 0	$ 1

Stockholders' Equity (Deficit_4

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (840)
Ending balance	(899)
Currency translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(549)	$ (545)	[1]
Other comprehensive loss before reclassifications	(25)	(3)	[1]
Amounts reclassified from accumulated other comprehensive loss	1	0	[1]
Net current period other comprehensive income (loss)	(24)	(3)	[1]
Ending balance	(573)	(548)	[1]
Pension liability adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(269)	(260)
Other comprehensive loss before reclassifications	(1)	0
Amounts reclassified from accumulated other comprehensive loss	2	2	[2]
Net current period other comprehensive income (loss)	1	2
Ending balance	(268)	(258)
Cash flow hedge adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(22)	23
Other comprehensive loss before reclassifications	(34)	(13)
Amounts reclassified from accumulated other comprehensive loss	(2)	(2)	[3]
Net current period other comprehensive income (loss)	(36)	(15)
Ending balance	(58)	8
Accumulated other comprehensive loss [member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(840)	(782)
Other comprehensive loss before reclassifications	(60)	(16)
Amounts reclassified from accumulated other comprehensive loss	1	0
Net current period other comprehensive income (loss)	(59)	(16)
Ending balance	$ (899)	$ (798)
[1]	Includes net investment hedges and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified for the three months ended March 31, 2020 related to the liquidation of an investment in a foreign entity and was recognized net of taxes in gain on foreign currency transactions in our condensed consolidated statement of operations.
[2]	Amounts reclassified related to the amortization of prior service cost and amortization of net loss and were recognized net of taxes in other non-operating income, net in our condensed consolidated statements of operations.
[3]	Amounts reclassified related to interest rate swaps and forward contracts that hedge our foreign currency denominated fees and were recognized net of taxes in interest expense and franchise and licensing fees, base and other management fees and other revenues from managed and franchised properties, respectively, in our condensed consolidated statements of operations.

Stockholders' Equity (Deficit_5

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 01, 2020
Equity, Class of Treasury Stock [Line Items]
Amount authorized for stock repurchase program	$ 5,500
Stock repurchase program, remaining authorized repurchase amount	$ 2,200
Additional amount authorized for repurchase [member]
Equity, Class of Treasury Stock [Line Items]
Amount authorized for stock repurchase program		$ 2,000

Business Segments - Hotel Prope

Business Segments - Hotel Properties by Segment (Details)	3 Months Ended
	Mar. 31, 2020HotelSegmentRoom
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Management and franchise
Segment Reporting Information [Line Items]
Number of managed hotels	694
Number of franchised hotels	5,348
Number of managed and franchised hotel rooms | Room	948,433
Number of hotels with suspended operations	695
Ownership
Segment Reporting Information [Line Items]
Number of hotels with suspended operations	35
Number of owned and leased hotel properties	65
Number of owned and leased hotel rooms | Room	20,562
Number of wholly owned and leased hotels	57
Number of non-wholly owned hotels	1
Number of hotels leased by consolidated VIEs	2
Number of hotels owned or leased by unconsolidated affiliates	5

Business Segments - Reconciliat

Business Segments - Reconciliation of Revenue from Segment Amounts to Consolidated Amounts (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		$ 1,920	$ 2,204
Amortization of contract acquisition costs		(8)	(7)
Franchise and licensing fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		342	385
Base and other management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	66	92
Incentive management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		23	55
Management and franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		431	532
Ownership
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		210	312
Segment operating income
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		641	844
Intersegment eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	(1)	(8)
Other revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		23	26
Direct reimbursements from managed and franchised properties
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	745	775
Indirect reimbursements from managed and franchised properties
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	$ 520	$ 574
[1]	Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.
[2]	Included in other revenues from managed and franchised properties in our condensed consolidated statements of operations.

Business Segments - Reconcili_2

Business Segments - Reconciliation of Segment Operating Income to Income (Loss) Before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Amortization of contract acquisition costs		$ (8)	$ (7)
Other revenues, less other expenses		9	6
Net other expenses from managed and franchised properties		(71)	(34)
Depreciation and amortization		(91)	(84)
General and administrative		(60)	(107)
Impairment losses		(112)	0
Operating income		68	312
Interest expense		(94)	(98)
Gain on foreign currency transactions		9	0
Other non-operating income, net		0	4
Income (loss) before income taxes		(17)	218
Management and franchise
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	[1]	431	532
Ownership
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	[1]	(30)	6
Segment operating income
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income		$ 401	$ 538
[1]	Includes management, royalty and IP fees charged to our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.

Business Segments - Schedule of

Business Segments - Schedule of Assets by Segment (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 15,788	$ 14,957
Management and franchise
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	11,218	11,455
Ownership
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,396	1,610
Corporate and other [member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,174	$ 1,892

Business Segments - Schedule _2

Business Segments - Schedule of Capital Expenditures by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Capital Expenditure Reconciling Item [Line Items]
Capital expenditures for property and equipment	$ 12	$ 23
Ownership
Segment Reporting, Capital Expenditure Reconciling Item [Line Items]
Capital expenditures for property and equipment	6	11
Corporate and other [member]
Segment Reporting, Capital Expenditure Reconciling Item [Line Items]
Capital expenditures for property and equipment	$ 6	$ 12

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)Contract	Dec. 31, 2019USD ($)
Commitments and Contingencies [Line Items]
Current liabilities	$ 2,220	$ 2,871
Marketing, sales, and brand program commitments	292	350
Commitments to fund loans
Commitments and Contingencies [Line Items]
Commitment to fund loans	$ 10
Performance guarantees
Commitments and Contingencies [Line Items]
Number of contracts with guarantees | Contract	4
Guarantees, expiration	2023 to 2039
Guarantees, possible cash outlays	$ 19
Current liabilities	$ 6	$ 3
Debt guarantee
Commitments and Contingencies [Line Items]
Guarantees, expiration	One of the loans has an initial maturity date in 2022 with two one-year extension options and the other loan will mature in 2023
Guarantees, possible cash outlays	$ 30
Number of debt guarantees | Contract	2
Number of hotels with debt guarantees | Contract	3

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ in Millions	Apr. 30, 2020USD ($)Rate
Subsequent Event [Line Items]
Proceeds from guest loyalty program points pre-sale	$ 1,000
Senior Notes due 2025 issued 2020 [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 500
Debt instrument, interest rate, stated percentage | Rate	5.375%
Senior Notes due 2028 [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 500
Debt instrument, interest rate, stated percentage | Rate	5.75%