Hilton Worldwide (HLT) 10-Q 27 Jul 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2022	Jul. 20, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
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		274,287,391
Entity Central Index Key	0001585689
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents		$ 1,175	$ 1,427
Restricted cash and cash equivalents		79	85
Accounts receivable, net of allowance for credit losses of $122 and $126		1,289	1,068
Prepaid expenses		128	89
Other		169	202
Total current assets (variable interest entities – $29 and $30)		2,840	2,871
Intangibles and Other Assets:
Goodwill		5,030	5,071
Brands		4,847	4,883
Operating lease right-of-use assets		610	694
Property and equipment, net		271	305
Deferred income tax assets		213	213
Other		531	452
Total intangibles and other assets (variable interest entities – $152 and $184)		12,542	12,570
Total assets		15,382	15,441
Current Liabilities:
Accounts payable, accrued expenses and other		1,647	1,568
Current maturities of long-term debt	[1]	41	54
Current portion of deferred revenues		260	350
Total current liabilities (variable interest entities – $40 and $50)		3,195	3,019
Long-term debt		8,702	8,712
Operating lease liabilities		753	870
Deferred revenues		855	896
Deferred income tax liabilities		727	700
Other		687	746
Total liabilities (variable interest entities – $185 and $212)		16,171	16,260
Commitments and contingencies – see Note 12
Equity (Deficit):
Preferred stock, $0.01 par value; 3,000,000,000 authorized shares, none issued or outstanding as of June 30, 2022 and December 31, 2021		0	0
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 332,933,654 issued and 275,510,784 outstanding as of June 30, 2022 and 332,011,359 issued and 279,091,009 outstanding as of December 31, 2021		3	3
Treasury stock, at cost; 57,422,870 shares as of June 30, 2022 and 52,920,350 shares as of December 31, 2021		(5,048)	(4,443)
Additional paid-in capital		10,753	10,720
Accumulated deficit		(5,783)	(6,322)
Accumulated other comprehensive loss		(714)	(779)
Total Hilton stockholders' deficit		(789)	(821)
Noncontrolling interests		0	2
Total deficit		(789)	(819)
TOTAL LIABILITIES AND EQUITY (DEFICIT)		15,382	15,441
Management and franchise
Intangibles and Other Assets:
Management and franchise contracts, net		873	758
Other
Intangibles and Other Assets:
Management and franchise contracts, net		167	194
Variable Interest Entity, Primary Beneficiary
Current Assets:
Cash and cash equivalents		21	18
Intangibles and Other Assets:
Property and equipment, net		47	60
Deferred income tax assets		52	62
Other		52	62
Current Liabilities:
Accounts payable, accrued expenses and other		15	15
Other		14	(16)
Guest Loyalty Program
Current Liabilities:
Current portion of liability for guest loyalty program		1,247	1,047
Liability for guest loyalty program		$ 1,252	$ 1,317
[1]Represents current maturities of finance lease liabilities and the outstanding borrowings under the revolving credit facility of a consolidated VIE.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
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	332,933,654	332,011,359
Common stock, outstanding shares	275,510,784	279,091,009
Treasury stock, shares	57,422,870	52,920,350
Allowance for credit losses	$ 122	$ 126
Total current assets of variable interest entities	29	30
Total intangibles and other assets of variable interest entities	152	184
Total current liabilities of variable interest entities	40	50
Total liabilities of variable interest entities	$ 185	$ 212

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 2,240	$ 1,329	$ 3,961	$ 2,203
Owned and leased hotels	257	142	442	252
Depreciation and amortization	40	46	84	97
General and administrative	103	98	194	195
Other expenses	11	9	22	19
Total expenses excluding reimbursable expenses	411	295	742	563
Other expenses from managed and franchised properties	1,231	810	2,252	1,395
Total expenses	1,642	1,105	2,994	1,958
Operating income (loss)	598	224	967	245
Interest expense	(99)	(101)	(189)	(204)
Gain (loss) on foreign currency transactions	8	(1)	4	1
Gain (loss) on debt extinguishment	0	0	0	(69)
Other non-operating income (loss), net	6	5	22	10
Income (loss) before income taxes	513	127	804	(17)
Income tax benefit (expense)	(146)	1	(226)	36
Net income	367	128	578	19
Net loss (income) attributable to noncontrolling interests	1	2	2	3
Net income attributable to Hilton stockholders	$ 368	$ 130	$ 580	$ 22
Basic EPS:
Earnings (loss) per share, basic (USD per share)	$ 1.33	$ 0.47	$ 2.09	$ 0.08
Diluted EPS:
Earnings (loss) per share, diluted (USD per share)	1.32	0.46	2.07	0.08
Cash dividends declared per share	$ 0.15	$ 0	$ 0.15	$ 0
Total revenues excluding reimbursable revenues
Revenues	$ 973	$ 574	$ 1,643	$ 927
Franchise and licensing fees
Revenues	545	369	958	611
Base and other management fees
Revenues	75	42	130	67
Incentive management fees
Revenues	46	21	80	34
Owned and leased hotels
Revenues	282	121	432	177
Other revenues
Revenues	25	21	43	38
Other revenues from managed and franchised properties
Revenues	$ 1,267	$ 755	$ 2,318	$ 1,276

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 367	$ 128	$ 578	$ 19
Other comprehensive income (loss), net of tax benefit (expense):
Currency translation adjustment, net of tax	(23)	8	(25)	(21)
Pension liability adjustment, net of tax	(2)	(2)	(3)	(4)
Cash flow hedge adjustment, net of tax	27	4	87	11
Total other comprehensive income (loss)	6	14	65	(6)
Comprehensive income	373	142	643	13
Comprehensive loss (income) attributable to noncontrolling interests	1	2	2	3
Comprehensive income attributable to Hilton stockholders	$ 374	$ 144	$ 645	$ 16

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Currency translation adjustment, tax benefit (expense)	$ 6	$ 1	$ 6	$ (2)
Pension liability adjustment, tax expense (less than)	(1)	(1)	(1)	(1)
Cash flow hedge adjustment, tax benefit (expense)	$ (9)	$ (2)	$ (29)	$ (4)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities:
Net income (loss)	$ 578	$ 19
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	84	97
Gain on foreign currency transactions	(4)	(1)
Share-based compensation expense	84	92
Deferred income taxes	(3)	(35)
Contract acquisition costs, net of refunds	(41)	(115)
Working capital changes and other	(188)	(371)
Net cash provided by (used in) operating activities	528	(300)
Investing Activities:
Capital expenditures for property and equipment	(11)	(9)
Issuance of other financing receivables	(46)	0
Capitalized software costs	(25)	(16)
Investments in unconsolidated affiliates	(51)	0
Other	39	11
Net cash used in investing activities	(94)	(14)
Financing Activities:
Borrowings	18	1,500
Repayment of debt	(25)	(3,218)
Debt issuance costs and redemption premium	0	76
Dividends paid	(41)	0
Repurchases of common stock	(586)	0
Share-based compensation tax withholdings	56	48
Proceeds from share-based compensation	16	24
Settlements of interest rate swap with financing component	(5)	0
Net cash used in financing activities	(679)	(1,818)
Effect of exchange rate changes on cash, restricted cash and cash equivalents	(13)	(4)
Net decrease in cash, restricted cash and cash equivalents	(258)	(2,136)
Cash, restricted cash and cash equivalents, beginning of period	1,512	3,263
Cash, restricted cash and cash equivalents, end of period	1,254	1,127
Supplemental Disclosures:
Interest	183	174
Income taxes, net of refunds	130	42
Recognized as a reduction of franchise and licensing fees and base and other management fees
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of contract acquisition costs	$ 18	$ 14

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 intellectual property ("IP"), including brand names, trademarks and service marks. As of June 30, 2022, we managed, franchised, owned or leased 6,983 hotels and resorts, including timeshare properties, totaling 1,098,321 rooms in 122 countries and territories. Basis of Presentation The accompanying condensed consolidated financial statements for the three and six months ended June 30, 2022 and 2021 have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") and are unaudited. We have condensed or omitted certain disclosures normally included in annual financial statements presented in accordance with GAAP but that are not required for interim reporting purposes. 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, 2021.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	Contract Liabilities The following table summarizes the activity of our contract liabilities, which are classified as components of current and long-term deferred revenues, during the six months ended June 30, 2022: (in millions) Balance as of December 31, 2021 $ 1,166 Cash received in advance and not recognized as revenue 212 Revenue recognized (1)(2) (241) Other (3) (85) Balance as of June 30, 2022 $ 1,052 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements. (2) Revenue recognized during the three months ended June 30, 2022 was $113 million. Revenue recognized during the three and six months ended June 30, 2022 included a net reduction in revenue of $13 million and $3 million, respectively, as a result of a change to the estimated breakage of Hilton Honors points for which point expirations have been temporarily suspended. (3) Primarily represents changes in estimated transaction prices for our performance obligations related to points issued under Hilton Honors, which had no effect on revenues. Hilton Honors Points Pre-Sale In April 2020, we pre-sold Hilton Honors points to American Express for $1.0 billion in cash (the "Honors Points Pre-Sale") for their use of points in connection with Hilton Honors co-branded credit cards for promotions, rewards and other such incentive programs. Upon receipt of the cash in 2020, we recognized $636 million in deferred revenues and the remainder in liability for guest loyalty program. During the six months ended June 30, 2022, the remaining points sold in the Honors Points Pre-Sale were used by American Express. All deferred revenues related to points that were outstanding as of June 30, 2022 are included in our Hilton Honors unsatisfied performance obligation described below. Performance Obligations As of June 30, 2022, we had deferred revenues for unsatisfied performance obligations consisting of: (i) $363 million related to Hilton Honors that will be recognized as revenue over approximately the next two years; (ii) $33 million related to co-branded credit card arrangements; and (iii) $656 million related to application, initiation and other fees. These performance obligations are recognized as revenue as discussed in Note 2: "Basis of Presentation and Summary of Significant Accounting Policies" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

Consolidated Variable Interest

Consolidated Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
Consolidated Variable Interest Entities Disclosure [Abstract]
Consolidated Variable Interest Entities	As of June 30, 2022 and December 31, 2021, we consolidated two variable interest entities ("VIEs") that each lease a hotel property. 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 losses and the right to receive benefits that could be significant to each of the VIEs individually. The assets of our consolidated VIEs are only available to settle the obligations of the respective entities, and the liabilities of the consolidated VIEs are non-recourse to us. Our condensed consolidated balance sheets include the assets and liabilities of these entities, which primarily comprised the following: June 30, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 21 $ 18 Property and equipment, net 47 60 Deferred income tax assets 52 62 Other non-current assets 52 62 Accounts payable, accrued expenses and other 15 15 Long-term debt (1) 154 179 Other long-term liabilities 14 16 ____________ (1) Includes finance lease liabilities of $118 million and $153 million as of June 30, 2022 and December 31, 2021, respectively. As of June 30, 2022, one of our consolidated VIEs had a revolving credit facility with a borrowing capacity of 2.0 billion Japanese yen ("JPY") (equivalent to $15 million), with no amounts drawn as of June 30, 2022 or December 31, 2021. As of June 30, 2022 and December 31, 2021, our other consolidated VIE had drawn 300 million JPY (equivalent to $2 million) and 500 million JPY (equivalent to $4 million), respectively, under a revolving credit facility which did not have any remaining borrowing capacity as of June 30, 2022, and, in July 2022, the outstanding balance was repaid in full. During the six months ended June 30, 2022, our consolidated VIEs borrowed an aggregate of 2.1 billion JPY (equivalent to $15 million as of June 30, 2022), with a weighted average interest rate of 0.9 percent as of June 30, 2022 and maturity dates in February 2029; all of these borrowings were included in long-term debt in our condensed consolidated balance sheet as of June 30, 2022.

Finite-Lived Intangible Assets

Finite-Lived Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets	Our finite-lived intangible assets consist of management and franchise contracts and other intangible assets. Management and franchise contracts, net were as follows: June 30, 2022 Gross Carrying Value Accumulated Amortization Net (in millions) Management contracts recorded at Merger (1) $ 296 $ (272) $ 24 Contract acquisition costs 920 (186) 734 Development commissions and other 144 (29) 115 $ 1,360 $ (487) $ 873 December 31, 2021 Gross Carrying Value Accumulated Amortization Net (in millions) Management contracts recorded at Merger (1) $ 310 $ (275) $ 35 Contract acquisition costs 780 (170) 610 Development commissions and other 140 (27) 113 $ 1,230 $ (472) $ 758 ____________ (1) Represents intangible assets that were initially recorded at fair value as part of the 2007 transaction whereby we became a wholly owned subsidiary of affiliates of Blackstone Inc. (the "Merger"). Amortization of our finite-lived intangible assets was as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Recognized in depreciation and amortization expenses (1) $ 29 $ 33 $ 61 $ 71 Recognized as a reduction of franchise and licensing fees and base and other management fees 10 7 18 14 ____________ (1) Includes amortization expense associated with assets that were initially recorded at fair value at the time of the Merger of $11 million and $12 million for the three months ended June 30, 2022 and 2021, respectively, and $23 million and $24 million for the six months ended June 30, 2022 and 2021, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of June 30, 2022, were as follows: June 30, December 31, 2022 2021 (in millions) Senior secured term loan facility with a rate of 3.37%, due 2026 $ 2,619 $ 2,619 Senior notes with a rate of 5.375%, due 2025 (1) 500 500 Senior notes with a rate of 4.875%, due 2027 (1) 600 600 Senior notes with a rate of 5.750%, due 2028 (1) 500 500 Senior notes with a rate of 3.750%, due 2029 (1) 800 800 Senior notes with a rate of 4.875%, due 2030 (1) 1,000 1,000 Senior notes with a rate of 4.000%, due 2031 (1) 1,100 1,100 Senior notes with a rate of 3.625%, due 2032 (1) 1,500 1,500 Finance lease liabilities with a weighted average rate of 5.83%, due 2022 to 2030 168 208 Other debt of consolidated VIEs with a weighted average rate of 1.06%, due 2022 to 2029 (2) 36 26 8,823 8,853 Less: unamortized deferred financing costs and discount (80) (87) Less: current maturities of long-term debt (3) (41) (54) $ 8,702 $ 8,712 ____________ (1) These 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 restricted subsidiaries, other than Hilton Domestic Operating Company Inc., an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes. (2) Refer to Note 3: "Consolidated Variable Interest Entities" for additional information on the debt of our consolidated VIEs. (3) Represents current maturities of finance lease liabilities and the outstanding borrowings under the revolving credit facility of a consolidated VIE. 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 Loan"). 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 restricted subsidiaries. As of June 30, 2022, we had $60 million of letters of credit outstanding under the Revolving Credit Facility, resulting in an available borrowing capacity of $1,690 million.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	The fair values of certain financial instruments and the hierarchy level we used to estimate the fair values are shown below: June 30, 2022 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 354 $ — $ 354 $ — Interest rate swap (1) 64 — 64 — Liabilities: Long-term debt (2) 8,539 5,243 — 2,519 December 31, 2021 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 622 $ — $ 622 $ — Liabilities: Long-term debt (2) 8,532 6,180 — 2,599 Interest rate swaps (1) 41 — 41 — ____________ (1) Interest rate swaps are included in other non-current assets or other long-term liabilities in our condensed consolidated balance sheets depending on their value to us as of the balance sheet date. During the six months ended June 30, 2022, one of the interest rate swaps that was outstanding as of December 31, 2021 matured. The remaining interest rate swap as of June 30, 2022 will mature in March 2026. (2) The carrying values include the deduction for unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt of consolidated VIEs. We measure our interest rate swaps at fair value, which was determined 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. The fair values of financial instruments not included in these tables are estimated to be equal to their carrying values as of June 30, 2022 and December 31, 2021.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	At the end of each quarter, we estimate the effective income tax rate expected to be applied for the full year. The effective income tax rate is determined by the level and composition of income (loss) before income taxes, which is subject to federal, state, local and foreign income taxes. As of December 31, 2021, we had entered into a tentative agreement with the Internal Revenue Service, subject to approval by the Joint Committee on Taxation, to settle our federal examination through the 2010 tax year. The settlement was approved by the Joint Committee on Taxation during the three months ended June 30, 2022. The assets and liabilities relating to the settlement were previously recognized as of December 31, 2021, and no adjustments were necessary as a result of the settlement approval.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	We recognized share-based compensation expense of $47 million and $53 million during the three months ended June 30, 2022 and 2021, respectively, and $84 million and $92 million during the six months ended June 30, 2022 and 2021, respectively, which included amounts reimbursed by hotel owners. Our share-based compensation primarily consists of awards that we grant to eligible employees under the Hilton 2017 Omnibus Incentive Plan (the "2017 Plan") and includes time-vesting restricted stock units ("RSUs"), nonqualified stock options ("options") and performance-vesting RSUs ("performance shares"). As of June 30, 2022, unrecognized compensation costs for unvested awards under the 2017 Plan were approximately $181 million, which are expected to be recognized over a weighted-average period of 1.8 years on a straight-line basis. RSUs During the six months ended June 30, 2022, we granted 505,000 RSUs with a weighted average grant date fair value per share of $150.67, which vest in equal annual installments over two Options During the six months ended June 30, 2022, we granted 318,000 options with an exercise price per share of $150.67, which vest in equal annual installments over three years from the date of grant and terminate 10 years from the date of grant or earlier if the individual’s service terminates under certain circumstances. The grant date fair value per share of the options granted during the six months ended June 30, 2022 was $51.15, which was determined using the Black-Scholes-Merton option-pricing model with the following assumptions: Expected volatility (1) 33.28 % Dividend yield (2) 0.41 % Risk-free rate (3) 1.93 % Expected term (in years) (4) 6.0 ____________ (1) Estimated using a blended approach of historical and implied volatility. Historical volatility is based on the historical movement of Hilton's stock price for a period that corresponds to the expected life of the option. (2) Estimated based on the expectation, at the date of grant, of the resumption of a quarterly $0.15 per share dividend beginning in the second quarter of 2022, as well as our three-month average stock price. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected lives. (4) Estimated using the midpoint of the vesting period and the contractual term of the options. Performance Shares During the six months ended June 30, 2022, we granted 216,000 performance shares with a grant date fair value per share of $150.67. We recognize compensation expense based on the total number of performance shares that are expected to vest as determined by the projected achievement of each of the performance measures, which are estimated each reporting period and range from zero percent to 200 percent, with 100 percent being the target. As of June 30, 2022, we determined that all of the performance measures for the outstanding performance shares were probable of achievement, with the average of the achievement factors estimated to be between the target and maximum achievement percentages for the performance shares granted in 2020 and 2021 and at target for the performance shares granted in 2022.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	The following table presents the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 368 $ 130 $ 580 $ 22 Denominator: Weighted average shares outstanding 278 279 278 278 Basic EPS $ 1.33 $ 0.47 $ 2.09 $ 0.08 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 368 $ 130 $ 580 $ 22 Denominator: Weighted average shares outstanding (1) 280 281 281 281 Diluted EPS $ 1.32 $ 0.46 $ 2.07 $ 0.08 ____________ (1) Certain shares related to share-based compensation were excluded from the calculations of diluted EPS because their effect would have been anti-dilutive under the treasury stock method, including 1 million and less than 1 million shares for the three and six months ended June 30, 2022, respectively, and less than 1 million shares for both the three and six months ended June 30, 2021.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss	The following tables present the changes in the components of stockholders' equity (deficit): Three Months Ended June 30, 2022 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of March 31, 2022 279.0 $ 3 $ (4,573) $ 10,702 $ (6,110) $ (720) $ 1 $ (697) Net income (loss) — — — — 368 — (1) 367 Other comprehensive income — — — — — 6 — 6 Dividends (1) — — — — (41) — — (41) Repurchases of common stock (2) (3.6) — (480) — — — — (480) Share-based compensation 0.1 — 5 51 — — — 56 Balance as of June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Three Months Ended June 30, 2021 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of March 31, 2021 278.5 $ 3 $ (4,453) $ 10,547 $ (6,840) $ (880) $ 3 $ (1,620) Net income (loss) — — — — 130 — (2) 128 Other comprehensive income — — — — — 14 — 14 Share-based compensation 0.2 — 6 56 — — — 62 Balance as of June 30, 2021 278.7 $ 3 $ (4,447) $ 10,603 $ (6,710) $ (866) $ 1 $ (1,416) Six Months Ended June 30, 2022 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, 2021 279.1 $ 3 $ (4,443) $ 10,720 $ (6,322) $ (779) $ 2 $ (819) Net income (loss) — — — — 580 — (2) 578 Other comprehensive income — — — — — 65 — 65 Dividends (1) — — — — (41) — — (41) Repurchases of common stock (2) (4.5) — (610) — — — — (610) Share-based compensation 0.9 — 5 33 — — — 38 Balance as of June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Six Months Ended June 30, 2021 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, 2020 277.6 $ 3 $ (4,453) $ 10,552 $ (6,732) $ (860) $ 4 $ (1,486) Net- income (loss) — — — — 22 — (3) 19 Other comprehensive loss — — — — — (6) — (6) Share-based compensation 1.1 — 6 51 — — — 57 Balance as of June 30, 2021 278.7 $ 3 $ (4,447) $ 10,603 $ (6,710) $ (866) $ 1 $ (1,416) ____________ (1) During the three months ended June 30, 2022, we resumed payment of regular quarterly cash dividends. (2) Beginning in March 2022, we resumed share repurchases under our previously authorized stock repurchase 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, 2021 $ (540) $ (210) $ (29) $ (779) Other comprehensive income (loss) before reclassifications (26) (1) 74 47 Amounts reclassified from accumulated other comprehensive loss 1 4 13 18 Net current period other comprehensive income (loss) (25) 3 87 65 Balance as of June 30, 2022 $ (565) $ (207) $ 58 $ (714) Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2020 $ (511) $ (289) $ (60) $ (860) Other comprehensive income (loss) before reclassifications (21) (1) 1 (21) Amounts reclassified from accumulated other comprehensive loss — 5 10 15 Net current period other comprehensive income (loss) (21) 4 11 (6) Balance as of June 30, 2021 $ (532) $ (285) $ (49) $ (866) ____________ (1) Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the six months ended June 30, 2022 related to the liquidation of an investment in a foreign entity and was recognized 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 in other non-operating income, net in our condensed consolidated statements of operations. (3) Amounts reclassified were the result of hedging instruments, including: (a) interest rate swaps, inclusive of interest rate swaps that were dedesignated, with related amounts recognized in interest expense in our condensed consolidated statements of operations and (b) forward contracts that hedge our foreign currency denominated fees, with related amounts recognized in various revenue line items, as applicable, in our condensed consolidated statements of operations.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	We are a hospitality company with operations organized in two distinct operating segments: (i) management and franchise and (ii) ownership, each of which is reported as a segment based on: (a) delivering a similar set of products and services and (b) being managed separately given its 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 that license our IP and where we provide other contracted services to third-party owners, but the day-to-day services of the hotels are operated or managed by someone other than us. This segment generates its revenue from: (i) management and franchise fees charged to third-party owners; (ii) licensing fees for the right to use our IP from Hilton Grand Vacations Inc. ("HGV") and strategic partnerships, including co-branded credit card arrangements; and (iii) fees for managing hotels in our ownership segment. As of June 30, 2022, this segment included 746 managed hotels and 6,115 franchised hotels consisting of 1,068,369 total rooms. As of June 30, 2022, our ownership segment included 54 properties totaling 18,151 rooms. The segment comprised 46 hotels that we leased, one hotel owned by a consolidated non-wholly owned entity, two hotels that were each leased by a consolidated VIE and five hotels owned or leased by unconsolidated affiliates. As a result of the pandemic, the operations of approximately 15 hotels in our ownership segment were suspended for some period of time during the six months ended June 30, 2021, while no hotels in our ownership segment suspended operations as a result of the pandemic during the six months ended June 30, 2022. The performance of our operating segments is evaluated primarily on operating income (loss), without allocating amortization of contract acquisition costs, other revenues, other revenues and other expenses from managed and franchised properties, other expenses, depreciation and amortization expenses or general and administrative expenses. The following table presents revenues for our reportable segments, reconciled to consolidated amounts: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Franchise and licensing fees $ 549 $ 372 $ 966 $ 617 Base and other management fees (1) 86 48 147 78 Incentive management fees 46 21 80 34 Management and franchise 681 441 1,193 729 Ownership 282 121 432 177 Segment revenues 963 562 1,625 906 Amortization of contract acquisition costs (10) (7) (18) (14) Other revenues 25 21 43 38 Direct reimbursements from managed and franchised properties (2) 609 329 1,121 552 Indirect reimbursements from managed and franchised properties (2) 658 426 1,197 724 Intersegment fees elimination (1) (5) (2) (7) (3) Total revenues $ 2,240 $ 1,329 $ 3,961 $ 2,203 ____________ (1) Includes management, royalty and IP fees charged to consolidated hotels in 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 (loss) for our reportable segments, reconciled to consolidated income (loss) before income taxes: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Management and franchise (1) $ 681 $ 441 $ 1,193 $ 729 Ownership (1) 20 (23) (17) (78) Segment operating income 701 418 1,176 651 Amortization of contract acquisition costs (10) (7) (18) (14) Other revenues, less other expenses 14 12 21 19 Net other revenues (expenses) from managed and franchised properties 36 (55) 66 (119) Depreciation and amortization expenses (40) (46) (84) (97) General and administrative expenses (103) (98) (194) (195) Operating income 598 224 967 245 Interest expense (99) (101) (189) (204) Gain (loss) on foreign currency transactions 8 (1) 4 1 Loss on debt extinguishment — — — (69) Other non-operating income, net 6 5 22 10 Income (loss) before income taxes $ 513 $ 127 $ 804 $ (17) ____________ (1) Includes management, royalty and IP fees charged to consolidated hotels in our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	We provide performance guarantees to certain owners of hotels that we operate under management contracts. Most of these guarantees do not require us to fund shortfalls, but allow for termination of the contract, 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 June 30, 2022, we had performance guarantees with expirations ranging from 2025 to 2043 and potential cash outlays totaling $8 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 for that particular hotel. As of June 30, 2022, we had extended debt guarantees and letters of credit to owners of certain hotels that we will or currently manage or franchise with expirations of such guarantees ranging from 2023 to 2031 and potential cash outlays totaling $124 million. We receive fees from managed and franchised properties that we are contractually required to use to operate our marketing, sales and brand programs on behalf of hotel owners. If we collect amounts in excess of amounts expended, we have a commitment to spend these amounts on the related programs. As of June 30, 2022, amounts collected on behalf of these programs exceeded the amounts expended, and, as of December 31, 2021, amounts expended on behalf of these programs exceeded the amounts collected. 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 June 30, 2022 will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract Liabilities	The following table summarizes the activity of our contract liabilities, which are classified as components of current and long-term deferred revenues, during the six months ended June 30, 2022: (in millions) Balance as of December 31, 2021 $ 1,166 Cash received in advance and not recognized as revenue 212 Revenue recognized (1)(2) (241) Other (3) (85) Balance as of June 30, 2022 $ 1,052 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements. (2) Revenue recognized during the three months ended June 30, 2022 was $113 million. Revenue recognized during the three and six months ended June 30, 2022 included a net reduction in revenue of $13 million and $3 million, respectively, as a result of a change to the estimated breakage of Hilton Honors points for which point expirations have been temporarily suspended. (3) Primarily represents 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)	6 Months Ended
	Jun. 30, 2022
Consolidated Variable Interest Entities Disclosure [Abstract]
Schedule of Variable Interest Entities	Our condensed consolidated balance sheets include the assets and liabilities of these entities, which primarily comprised the following: June 30, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 21 $ 18 Property and equipment, net 47 60 Deferred income tax assets 52 62 Other non-current assets 52 62 Accounts payable, accrued expenses and other 15 15 Long-term debt (1) 154 179 Other long-term liabilities 14 16 ____________

Finite-Lived Intangible Assets

Finite-Lived Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Management and Franchise Contracts	Management and franchise contracts, net were as follows: June 30, 2022 Gross Carrying Value Accumulated Amortization Net (in millions) Management contracts recorded at Merger (1) $ 296 $ (272) $ 24 Contract acquisition costs 920 (186) 734 Development commissions and other 144 (29) 115 $ 1,360 $ (487) $ 873 December 31, 2021 Gross Carrying Value Accumulated Amortization Net (in millions) Management contracts recorded at Merger (1) $ 310 $ (275) $ 35 Contract acquisition costs 780 (170) 610 Development commissions and other 140 (27) 113 $ 1,230 $ (472) $ 758 ____________ (1) Represents intangible assets that were initially recorded at fair value as part of the 2007 transaction whereby we became a wholly owned subsidiary of affiliates of Blackstone Inc. (the "Merger").
Amortization of Finite-Lived Intangible Assets	Amortization of our finite-lived intangible assets was as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Recognized in depreciation and amortization expenses (1) $ 29 $ 33 $ 61 $ 71 Recognized as a reduction of franchise and licensing fees and base and other management fees 10 7 18 14 ____________ (1) Includes amortization expense associated with assets that were initially recorded at fair value at the time of the Merger of $11 million and $12 million for the three months ended June 30, 2022 and 2021, respectively, and $23 million and $24 million for the six months ended June 30, 2022 and 2021, respectively.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of June 30, 2022, were as follows: June 30, December 31, 2022 2021 (in millions) Senior secured term loan facility with a rate of 3.37%, due 2026 $ 2,619 $ 2,619 Senior notes with a rate of 5.375%, due 2025 (1) 500 500 Senior notes with a rate of 4.875%, due 2027 (1) 600 600 Senior notes with a rate of 5.750%, due 2028 (1) 500 500 Senior notes with a rate of 3.750%, due 2029 (1) 800 800 Senior notes with a rate of 4.875%, due 2030 (1) 1,000 1,000 Senior notes with a rate of 4.000%, due 2031 (1) 1,100 1,100 Senior notes with a rate of 3.625%, due 2032 (1) 1,500 1,500 Finance lease liabilities with a weighted average rate of 5.83%, due 2022 to 2030 168 208 Other debt of consolidated VIEs with a weighted average rate of 1.06%, due 2022 to 2029 (2) 36 26 8,823 8,853 Less: unamortized deferred financing costs and discount (80) (87) Less: current maturities of long-term debt (3) (41) (54) $ 8,702 $ 8,712 ____________ (1) These 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 restricted subsidiaries, other than Hilton Domestic Operating Company Inc., an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes. (2) Refer to Note 3: "Consolidated Variable Interest Entities" for additional information on the debt of our consolidated VIEs. (3) Represents current maturities of finance lease liabilities and the outstanding borrowings under the revolving credit facility of a consolidated VIE.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements - Recurring and Disclosure	The fair values of certain financial instruments and the hierarchy level we used to estimate the fair values are shown below: June 30, 2022 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 354 $ — $ 354 $ — Interest rate swap (1) 64 — 64 — Liabilities: Long-term debt (2) 8,539 5,243 — 2,519 December 31, 2021 Hierarchy Level Carrying Value Level 1 Level 2 Level 3 (in millions) Assets: Cash equivalents $ 622 $ — $ 622 $ — Liabilities: Long-term debt (2) 8,532 6,180 — 2,599 Interest rate swaps (1) 41 — 41 — ____________ (1) Interest rate swaps are included in other non-current assets or other long-term liabilities in our condensed consolidated balance sheets depending on their value to us as of the balance sheet date. During the six months ended June 30, 2022, one of the interest rate swaps that was outstanding as of December 31, 2021 matured. The remaining interest rate swap as of June 30, 2022 will mature in March 2026. (2) The carrying values include the deduction for unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt of consolidated VIEs.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options Valuation Assumptions	The grant date fair value per share of the options granted during the six months ended June 30, 2022 was $51.15, which was determined using the Black-Scholes-Merton option-pricing model with the following assumptions: Expected volatility (1) 33.28 % Dividend yield (2) 0.41 % Risk-free rate (3) 1.93 % Expected term (in years) (4) 6.0 ____________ (1) Estimated using a blended approach of historical and implied volatility. Historical volatility is based on the historical movement of Hilton's stock price for a period that corresponds to the expected life of the option. (2) Estimated based on the expectation, at the date of grant, of the resumption of a quarterly $0.15 per share dividend beginning in the second quarter of 2022, as well as our three-month average stock price. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected lives. (4) Estimated using the midpoint of the vesting period and the contractual term of the options.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic and Diluted Earnings (Loss) Per Share	The following table presents the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 368 $ 130 $ 580 $ 22 Denominator: Weighted average shares outstanding 278 279 278 278 Basic EPS $ 1.33 $ 0.47 $ 2.09 $ 0.08 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 368 $ 130 $ 580 $ 22 Denominator: Weighted average shares outstanding (1) 280 281 281 281 Diluted EPS $ 1.32 $ 0.46 $ 2.07 $ 0.08 ____________ (1) Certain shares related to share-based compensation were excluded from the calculations of diluted EPS because their effect would have been anti-dilutive under the treasury stock method, including 1 million and less than 1 million shares for the three and six months ended June 30, 2022, respectively, and less than 1 million shares for both the three and six months ended June 30, 2021.

Stockholders' Equity (Deficit_2

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of March 31, 2022 279.0 $ 3 $ (4,573) $ 10,702 $ (6,110) $ (720) $ 1 $ (697) Net income (loss) — — — — 368 — (1) 367 Other comprehensive income — — — — — 6 — 6 Dividends (1) — — — — (41) — — (41) Repurchases of common stock (2) (3.6) — (480) — — — — (480) Share-based compensation 0.1 — 5 51 — — — 56 Balance as of June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Three Months Ended June 30, 2021 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of March 31, 2021 278.5 $ 3 $ (4,453) $ 10,547 $ (6,840) $ (880) $ 3 $ (1,620) Net income (loss) — — — — 130 — (2) 128 Other comprehensive income — — — — — 14 — 14 Share-based compensation 0.2 — 6 56 — — — 62 Balance as of June 30, 2021 278.7 $ 3 $ (4,447) $ 10,603 $ (6,710) $ (866) $ 1 $ (1,416) Six Months Ended June 30, 2022 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, 2021 279.1 $ 3 $ (4,443) $ 10,720 $ (6,322) $ (779) $ 2 $ (819) Net income (loss) — — — — 580 — (2) 578 Other comprehensive income — — — — — 65 — 65 Dividends (1) — — — — (41) — — (41) Repurchases of common stock (2) (4.5) — (610) — — — — (610) Share-based compensation 0.9 — 5 33 — — — 38 Balance as of June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Six Months Ended June 30, 2021 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, 2020 277.6 $ 3 $ (4,453) $ 10,552 $ (6,732) $ (860) $ 4 $ (1,486) Net- income (loss) — — — — 22 — (3) 19 Other comprehensive loss — — — — — (6) — (6) Share-based compensation 1.1 — 6 51 — — — 57 Balance as of June 30, 2021 278.7 $ 3 $ (4,447) $ 10,603 $ (6,710) $ (866) $ 1 $ (1,416) ____________ (1) During the three months ended June 30, 2022, we resumed payment of regular quarterly cash dividends. (2) Beginning in March 2022, we resumed share repurchases under our previously authorized stock repurchase program.
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, 2021 $ (540) $ (210) $ (29) $ (779) Other comprehensive income (loss) before reclassifications (26) (1) 74 47 Amounts reclassified from accumulated other comprehensive loss 1 4 13 18 Net current period other comprehensive income (loss) (25) 3 87 65 Balance as of June 30, 2022 $ (565) $ (207) $ 58 $ (714) Currency Translation Adjustment (1) Pension Liability Adjustment (2) Cash Flow Hedge Adjustment (3) Total (in millions) Balance as of December 31, 2020 $ (511) $ (289) $ (60) $ (860) Other comprehensive income (loss) before reclassifications (21) (1) 1 (21) Amounts reclassified from accumulated other comprehensive loss — 5 10 15 Net current period other comprehensive income (loss) (21) 4 11 (6) Balance as of June 30, 2021 $ (532) $ (285) $ (49) $ (866) ____________ (1) Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the six months ended June 30, 2022 related to the liquidation of an investment in a foreign entity and was recognized 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 in other non-operating income, net in our condensed consolidated statements of operations. (3) Amounts reclassified were the result of hedging instruments, including: (a) interest rate swaps, inclusive of interest rate swaps that were dedesignated, with related amounts recognized in interest expense in our condensed consolidated statements of operations and (b) forward contracts that hedge our foreign currency denominated fees, with related amounts recognized in various revenue line items, as applicable, in our condensed consolidated statements of operations.

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Franchise and licensing fees $ 549 $ 372 $ 966 $ 617 Base and other management fees (1) 86 48 147 78 Incentive management fees 46 21 80 34 Management and franchise 681 441 1,193 729 Ownership 282 121 432 177 Segment revenues 963 562 1,625 906 Amortization of contract acquisition costs (10) (7) (18) (14) Other revenues 25 21 43 38 Direct reimbursements from managed and franchised properties (2) 609 329 1,121 552 Indirect reimbursements from managed and franchised properties (2) 658 426 1,197 724 Intersegment fees elimination (1) (5) (2) (7) (3) Total revenues $ 2,240 $ 1,329 $ 3,961 $ 2,203 ____________ (1) Includes management, royalty and IP fees charged to consolidated hotels in 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 (loss) for our reportable segments, reconciled to consolidated income (loss) before income taxes: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) Management and franchise (1) $ 681 $ 441 $ 1,193 $ 729 Ownership (1) 20 (23) (17) (78) Segment operating income 701 418 1,176 651 Amortization of contract acquisition costs (10) (7) (18) (14) Other revenues, less other expenses 14 12 21 19 Net other revenues (expenses) from managed and franchised properties 36 (55) 66 (119) Depreciation and amortization expenses (40) (46) (84) (97) General and administrative expenses (103) (98) (194) (195) Operating income 598 224 967 245 Interest expense (99) (101) (189) (204) Gain (loss) on foreign currency transactions 8 (1) 4 1 Loss on debt extinguishment — — — (69) Other non-operating income, net 6 5 22 10 Income (loss) before income taxes $ 513 $ 127 $ 804 $ (17) ____________ (1) Includes management, royalty and IP fees charged to consolidated hotels in our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details)	Jun. 30, 2022 Room Country Hotel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of hotels and resorts | Hotel	6,983
Number of hotel and resort rooms | Room	1,098,321
Number of countries and territories | Country	122

Revenues from Contracts with _3

Revenues from Contracts with Customers - Contract Liabilities (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2022	Jun. 30, 2022		Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liabilities balance		$ 1,052	$ 1,052		$ 1,166
Cash received in advance not recognized as revenue			212
Revenue recognized	[1]	(113)	241	[2]
Other	[3]		85
Revenue recognized from performance obligations satisfied in previous period	[1]	$ 13	$ 3
[1]Revenue recognized during the three months ended June 30, 2022 was $113 million. Revenue recognized during the three and six months ended June 30, 2022 included a net reduction in revenue of $13 million and $3 million, respectively, as a result of a change to the estimated breakage of Hilton Honors points for which point expirations have been temporarily suspended.[2]Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements.[3]Primarily represents 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	6 Months Ended
		Jun. 30, 2022	Jun. 30, 2022		Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized	[1]	$ (113)	$ 241	[2]
Proceeds from guest loyalty program points pre-sale					$ 1,000
Portion of proceeds from guest loyalty program points pre sale recorded as deferred revenues					$ 636
Guest loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations		363	$ 363
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			two years
Co-branded credit card arrangement performance obligations
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations		33	$ 33
Application, initiation and other fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations		$ 656	$ 656
[1]Revenue recognized during the three months ended June 30, 2022 was $113 million. Revenue recognized during the three and six months ended June 30, 2022 included a net reduction in revenue of $13 million and $3 million, respectively, as a result of a change to the estimated breakage of Hilton Honors points for which point expirations have been temporarily suspended.[2]Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements.

Consolidated Variable Interes_3

Consolidated Variable Interest Entities - Schedule of Consolidated Variable Interest Entities (Details) ¥ in Millions, $ in Millions		Jun. 30, 2022 USD ($)	Jun. 30, 2022 JPY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 JPY (¥)
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 1,175		$ 1,427
Property and equipment, net		271		305
Deferred income tax assets		213		213
Other non-current assets		531		452
Accounts payable, accrued expenses and other		1,647		1,568
Other long-term liabilities		687		746
Long-term debt, gross		8,823		8,853
VIE revolving credit facility
Variable Interest Entity [Line Items]
Revolving credit facility, maximum borrowing capacity		15	¥ 2,000
Long-term debt, gross		2	¥ 300	4	¥ 500
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Cash and cash equivalents		21		18
Property and equipment, net		47		60
Deferred income tax assets		52		62
Other non-current assets		52		62
Accounts payable, accrued expenses and other		15		15
Long-term debt	[1]	154		179
Other long-term liabilities		14		(16)
Finance lease liabilities		$ 118		$ 153
[1]Includes finance lease liabilities of $118 million and $153 million as of June 30, 2022 and December 31, 2021, respectively.

Consolidated Variable Interes_4

Consolidated Variable Interest Entities - Additional Information (Details) ¥ in Millions, $ in Millions	Jun. 30, 2022 JPY (¥) Hotel Rate	Jun. 30, 2022 USD ($) Hotel Rate	Dec. 31, 2021 JPY (¥) Hotel	Dec. 31, 2021 USD ($) Hotel
Variable Interest Entity [Line Items]
Number of consolidated variable interest entities | Hotel	2	2	2	2
Long-term debt, gross | $		$ 8,823		$ 8,853
VIE Loan, Aggregate Amount
Variable Interest Entity [Line Items]
Debt instrument, face amount	¥ 2,100	$ 15
VIE revolving credit facility
Variable Interest Entity [Line Items]
Debt, weighted average interest rate | Rate	0.90%	0.90%
Long-term debt, gross	¥ 300	$ 2	¥ 500	$ 4

Finite-Lived Intangible Asset_2

Finite-Lived Intangible Assets - Schedule of Finite Lived Intangible Assets (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Management contracts recorded at merger
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross	[1]	$ 296	$ 310
Management and franchise contracts, accumulated amortization	[1]	(272)	(275)
Management and franchise contracts, net	[1]	24	35
Contract acquisition costs
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		920	780
Management and franchise contracts, accumulated amortization		(186)	(170)
Management and franchise contracts, net		734	610
Development commissions and other
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		144	140
Management and franchise contracts, accumulated amortization		(29)	(27)
Management and franchise contracts, net		115	113
Management and franchise
Finite-Lived Intangible Assets [Line Items]
Management and franchise contracts, gross		1,360	1,230
Management and franchise contracts, accumulated amortization		(487)	(472)
Management and franchise contracts, net		$ 873	$ 758
[1]Represents intangible assets that were initially recorded at fair value as part of the 2007 transaction whereby we became a wholly owned subsidiary of affiliates of Blackstone Inc. (the "Merger").

Finite-Lived Intangible Asset_3

Finite-Lived Intangible Assets - Amortization of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Recognized in depreciation and amortization expense
Finite-Lived Intangible Assets [Line Items]
Amortization of contract acquisition costs	[1]	$ 29	$ 33	$ 61	$ 71
Recognized in depreciation and amortization expense | Intangible assets recorded at fair value at the time of the Merger
Finite-Lived Intangible Assets [Line Items]
Amortization of contract acquisition costs	[1]	11	12	23	24
Recognized as a reduction of franchise and licensing fees and base and other management fees
Finite-Lived Intangible Assets [Line Items]
Amortization of contract acquisition costs		$ 10	$ 7	$ 18	$ 14
[1]Includes amortization expense associated with assets that were initially recorded at fair value at the time of the Merger of $11 million and $12 million for the three months ended June 30, 2022 and 2021, respectively, and $23 million and $24 million for the six months ended June 30, 2022 and 2021, respectively.

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross		$ 8,823	$ 8,853
Unamortized deferred financing costs and discount		(80)	(87)
Current maturities of long-term debt	[1]	(41)	(54)
Long-term debt		8,702	8,712
Senior secured term loan facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,619	2,619
Debt instrument, interest rate, stated percentage		3.37%
Senior notes due 2025
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 500	500
Debt instrument, interest rate, stated percentage		5.375%
Senior notes due 2027
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 600	600
Debt instrument, interest rate, stated percentage		4.875%
Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 500	500
Debt instrument, interest rate, stated percentage		5.75%
Senior notes due 2029
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 800	800
Debt instrument, interest rate, stated percentage		3.75%
Senior notes due 2030
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 1,000	1,000
Debt instrument, interest rate, stated percentage		4.875%
Senior Notes due 2031
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 1,100	1,100
Debt instrument, interest rate, stated percentage		4%
Senior Notes due 2032
Debt Instrument [Line Items]
Long-term debt, gross	[2]	$ 1,500	1,500
Debt instrument, interest rate, stated percentage		3.625%
Finance lease liabilities
Debt Instrument [Line Items]
Long-term debt, gross		$ 168	208
Debt, weighted average interest rate		5.83%
Other debt of consolidated VIEs
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 36	$ 26
Debt, weighted average interest rate		1.06%
[1]Represents current maturities of finance lease liabilities and the outstanding borrowings under the revolving credit facility of a consolidated VIE.[2]These 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 restricted subsidiaries, other than Hilton Domestic Operating Company Inc., an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes.[3]Refer to Note 3: "Consolidated Variable Interest Entities" for additional information on the debt of our consolidated VIEs

Debt - Additional Information (

Debt - Additional Information (Details) - Senior secured revolving credit facility $ in Millions	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 1,750
Letters of credit outstanding	60
Revolving credit facility, remaining borrowing capacity	$ 1,690

Fair Value Measurements - Recur

Fair Value Measurements - Recurring & Disclosure (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		$ 354	$ 622
Interest rate swaps, assets	[1]	64
Interest rate swaps, liabilities	[1]		41
Carrying Value | Long-term debt excluding finance lease liabilities and other debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[2]	8,539	8,532
Level 1 | Long-term debt excluding finance lease liabilities and other debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[2]	5,243	6,180
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		354	622
Interest rate swaps, assets	[1]	64
Interest rate swaps, liabilities	[1]		41
Level 3 | Long-term debt excluding finance lease liabilities and other debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[2]	$ 2,519	$ 2,599
[1]Interest rate swaps are included in other non-current assets or other long-term liabilities in our condensed consolidated balance sheets depending on their value to us as of the balance sheet date. During the six months ended June 30, 2022, one of the interest rate swaps that was outstanding as of December 31, 2021 matured. The remaining interest rate swap as of June 30, 2022 will mature in March 2026.[2]The carrying values include the deduction for unamortized deferred financing costs and discount. The carrying values and fair values exclude finance lease liabilities and other debt of consolidated VIEs.

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Options Valuation Assumptions (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend (USD per share) | $	$ 0.15
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, grants in period, grant date fair value | $ / shares	$ 51.15
Expected volatility	33.28%	[1]
Dividend yield	0.41%	[2]
Risk-free rate	1.93%	[3]
Expected term (in years)	6 years	[4]
[1]Estimated using a blended approach of historical and implied volatility. Historical volatility is based on the historical movement of Hilton's stock price for a period that corresponds to the expected life of the option.[2]Estimated based on the expectation, at the date of grant, of the resumption of a quarterly $0.15 per share dividend beginning in the second quarter of 2022, as well as our three-month average stock price.[3]Based on the yields of U.S. Department of Treasury instruments with similar expected lives.[4]Estimated using the midpoint of the vesting period 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (benefit)	$ 47	$ 53	$ 84	$ 92
Unrecognized compensation costs related to unvested awards	$ 181		$ 181
Unrecognized compensation costs related to unvested awards, weighted-average period			1 year 9 months 18 days
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)			505,000
Weighted average grant date fair value, granted (USD per share)			$ 150.67
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Options granted in period (shares)			318,000
Options granted in period, weighted average exercise price (USD per share)			$ 150.67
Options, expiration period			10 years
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)			216,000
Weighted average grant date fair value, granted (USD per share)			$ 150.67
Minimum achievement percentage | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage			0%
Maximum achievement percentage | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage			200%
Target achievement percentage | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage			100%
Minimum | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			2 years
Maximum | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic EPS:
Net income attributable to Hilton stockholders		$ 368	$ 130	$ 580	$ 22
Weighted average shares outstanding, basic (shares)		278	279	278	278
Earnings (loss) per share, basic (USD per share)		$ 1.33	$ 0.47	$ 2.09	$ 0.08
Diluted EPS:
Net income attributable to Hilton stockholders		$ 368	$ 130	$ 580	$ 22
Weighted average shares outstanding, diluted (shares)	[1]	280	281	281	281
Earnings (loss) per share, diluted (USD per share)		$ 1.32	$ 0.46	$ 2.07	$ 0.08
Antidilutive shares (less than)	[1]	1	1	1	1
Antidilutive shares	[1]	1	1	1	1
[1]Certain shares related to share-based compensation were excluded from the calculations of diluted EPS because their effect would have been anti-dilutive under the treasury stock method, including 1 million and less than 1 million shares for the three and six months ended June 30, 2022, respectively, and less than 1 million shares for both the three and six months ended June 30, 2021.

Stockholders' Equity (Deficit_3

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Schedule of Stockholders' Equity (Deficit) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Class of Stock [Line Items]
Beginning balance, shares				279,091,009
Beginning balance, equity attributable to Hilton stockholders				$ (821)
Beginning balance, equity attributable to noncontrolling interest				(2)
Beginning balance, equity		$ (697)	$ (1,620)	(819)	$ (1,486)
Net income (loss) attributable to Hilton stockholders		368	130	580	22
Net loss (income) attributable to noncontrolling interests		(1)	(2)	(2)	(3)
Net income (loss)		367	128	578	19
Other comprehensive income (loss)		6	14	65	(6)
Repurchases of common stock	[1]	(480)		(610)
Increase (decrease) in stockholders’ equity from share-based compensation		$ 56	62	$ 38	57
Ending balance, shares		275,510,784		275,510,784
Ending balance, equity attributable to Hilton stockholders		$ (789)		$ (789)
Ending balance, equity attributable to noncontrolling interest		0		0
Ending balance, equity		(789)	$ (1,416)	(789)	$ (1,416)
Dividends	[2]	$ (41)		$ (41)
Common Stock
Class of Stock [Line Items]
Beginning balance, shares		279,000,000	278,500,000	279,100,000	277,600,000
Beginning balance, equity attributable to Hilton stockholders		$ 3	$ 3	$ 3	$ 3
Repurchases of common stock (shares)	[1]	(3,600,000)		(4,500,000)
Share-based compensation (shares)		100,000	200,000	900,000	1,100,000
Ending balance, shares		275,500,000	278,700,000	275,500,000	278,700,000
Ending balance, equity attributable to Hilton stockholders		$ 3	$ 3	$ 3	$ 3
Treasury Stock
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders		(4,573)	(4,453)	(4,443)	(4,453)
Repurchases of common stock	[1]	(480)		(610)
Increase (decrease) in stockholders’ equity from share-based compensation		5	6	5	6
Ending balance, equity attributable to Hilton stockholders		(5,048)	(4,447)	(5,048)	(4,447)
Additional Paid-in Capital
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders		10,702	10,547	10,720	10,552
Increase (decrease) in stockholders’ equity from share-based compensation		51	56	33	51
Ending balance, equity attributable to Hilton stockholders		10,753	10,603	10,753	10,603
Accumulated Deficit
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders		(6,110)	(6,840)	(6,322)	(6,732)
Net income (loss) attributable to Hilton stockholders		368	130	580	22
Ending balance, equity attributable to Hilton stockholders		(5,783)	(6,710)	(5,783)	(6,710)
Dividends	[2]	(41)		(41)
Accumulated Other Comprehensive Loss
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders		(720)	(880)	(779)	(860)
Ending balance, equity attributable to Hilton stockholders		(714)	(866)	(714)	(866)
Other comprehensive income (loss) attributable to Hilton stockholders		6	14	65	(6)
Noncontrolling Interests
Class of Stock [Line Items]
Beginning balance, equity attributable to noncontrolling interest		1	3	2	4
Net loss (income) attributable to noncontrolling interests		1	2	2
Ending balance, equity attributable to noncontrolling interest		$ 0	$ 1	$ 0	$ 1
[1]Beginning in March 2022, we resumed share repurchases under our previously authorized stock repurchase program.[2]During the three months ended June 30, 2022, we resumed payment of regular quarterly cash dividends.

Stockholders' Equity (Deficit_4

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance				$ (779)
Ending balance		$ (714)		(714)
Currency translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]			(540)	$ (511)
Other comprehensive income (loss) before reclassifications	[1]			(26)	(21)
Amounts reclassified from accumulated other comprehensive loss	[1]			1	0
Net current period other comprehensive income (loss)	[1]			(25)	(21)
Ending balance	[1]	(565)	$ (532)	(565)	(532)
Pension liability adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]			(210)	(289)
Other comprehensive income (loss) before reclassifications	[2]			(1)	(1)
Amounts reclassified from accumulated other comprehensive loss	[2]			4	5
Net current period other comprehensive income (loss)	[2]			3	4
Ending balance	[2]	(207)	(285)	(207)	(285)
Cash flow hedge adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[3]			(29)	(60)
Other comprehensive income (loss) before reclassifications	[3]			74	1
Amounts reclassified from accumulated other comprehensive loss	[3]			13	10
Net current period other comprehensive income (loss)	[3]			87	11
Ending balance	[3]	58	(49)	58	(49)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance				(779)	(860)
Other comprehensive income (loss) before reclassifications				47	(21)
Amounts reclassified from accumulated other comprehensive loss				18	15
Net current period other comprehensive income (loss)		6	14	65	(6)
Ending balance		$ (714)	$ (866)	$ (714)	$ (866)
[1]Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the six months ended June 30, 2022 related to the liquidation of an investment in a foreign entity and was recognized 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 in other non-operating income, net in our condensed consolidated statements of operations.[3]Amounts reclassified were the result of hedging instruments, including: (a) interest rate swaps, inclusive of interest rate swaps that were dedesignated, with related amounts recognized in interest expense in our condensed consolidated statements of operations and (b) forward contracts that hedge our foreign currency denominated fees, with related amounts recognized in various revenue line items, as applicable, in our condensed consolidated statements of operations

Business Segments - Segment Inf

Business Segments - Segment Information (Details)	6 Months Ended
	Jun. 30, 2022 Segment Hotel Room	Jun. 30, 2021 Hotel
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Ownership
Segment Reporting Information [Line Items]
Number of Hotels with Suspended Operations at Some Time During the Period	0	15
Number of owned and leased hotel properties	54
Number of owned and leased hotel rooms | Room	18,151
Number of wholly owned and leased hotels	46
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
Management and Franchise
Segment Reporting Information [Line Items]
Number of managed hotels	746
Number of franchised hotels	6,115
Number of managed and franchised hotel rooms | Room	1,068,369

Business Segments - Reconciliat

Business Segments - Reconciliation of Revenue from Segment Amounts to Consolidated Amounts (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		$ 2,240	$ 1,329	$ 3,961	$ 2,203
Amortization of contract acquisition costs		(10)	(7)	(18)	(14)
Ownership
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		282	121	432	177
Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		681	441	1,193	729
Segment revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		963	562	1,625	906
Intersegment eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	5	2	7	3
Franchise and licensing fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		545	369	958	611
Franchise and licensing fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		549	372	966	617
Base and other management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		75	42	130	67
Base and other management fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	86	48	147	78
Incentive management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		46	21	80	34
Incentive management fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		46	21	80	34
Other revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		25	21	43	38
Direct reimbursements from managed and franchised properties
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	609	329	1,121	552
Indirect reimbursements from managed and franchised properties
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	658	426	1,197	724
Owned and leased hotels
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		$ 282	$ 121	$ 432	$ 177
[1]Includes management, royalty and IP fees charged to consolidated hotels in 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 Loss Before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)		$ 598	$ 224	$ 967	$ 245
Amortization of contract acquisition costs		(10)	(7)	(18)	(14)
Other revenues, less other expenses		14	12	21	19
Net other revenues (expenses) from managed and franchised properties		36	(55)	66	(119)
Depreciation and amortization expenses		(40)	(46)	(84)	(97)
General and administrative expenses		(103)	(98)	(194)	(195)
Interest expense		(99)	(101)	(189)	(204)
Gain (loss) on foreign currency transactions		8	(1)	4	1
Loss on debt extinguishment		0	0	0	(69)
Other non-operating income (loss), net		6	5	22	10
Income (loss) before income taxes		513	127	804	(17)
Ownership
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)	[1]	20	(23)	(17)	(78)
Management and Franchise
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)	[1]	681	441	1,193	729
Segment operating income
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)		$ (701)	$ 418	$ 1,176	$ 651
[1]Includes management, royalty and IP fees charged to consolidated hotels in our ownership segment by our management and franchise segment, which were eliminated in our condensed consolidated statements of operations.

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Performance guarantees
Commitments and Contingencies [Line Items]
Guarantees, possible cash outlays	$ 8
Guarantees, expiration	2025 to 2043
Debt guarantee
Commitments and Contingencies [Line Items]
Guarantees, possible cash outlays	$ 124
Guarantees, expiration	2023 to 2031