Hilton Worldwide (HLT) 10-Q 25 Oct 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2023	Oct. 20, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
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 Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity common stock shares outstanding		256,440,305
Entity Central Index Key	0001585689
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents		$ 698	$ 1,209
Restricted cash and cash equivalents		81	77
Accounts receivable, net of allowance for credit losses of $124 and $117		1,396	1,327
Prepaid expenses		157	105
Other		152	152
Total current assets (variable interest entities – $65 and $43)		2,484	2,870
Intangibles and Other Assets:
Goodwill		5,033	5,032
Brands		4,831	4,840
Operating lease right-of-use assets		645	662
Property and equipment, net		305	280
Deferred income tax assets		204	204
Other		545	576
Total intangibles and other assets (variable interest entities – $110 and $152)		12,716	12,642
Total assets		15,200	15,512
Current Liabilities:
Accounts payable, accrued expenses and other		1,876	1,790
Current maturities of long-term debt	[1]	37	39
Current portion of deferred revenues		460	433
Total current liabilities (variable interest entities – $45 and $45)		3,561	3,372
Long-term debt		8,682	8,708
Operating lease liabilities		804	832
Deferred revenues		1,098	986
Deferred income tax liabilities		706	735
Other		691	692
Total liabilities (variable interest entities – $148 and $188)		16,953	16,610
Commitments and contingencies – see Note 12
Equity (Deficit):
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 257,879,258 outstanding as of September 30, 2023 and 267,860,301 outstanding as of December 31, 2022		3	3
Treasury stock, at cost; 76,241,976 shares as of September 30, 2023 and 65,217,085 shares as of December 31, 2022		(7,647)	(6,040)
Additional paid-in capital		10,925	10,831
Accumulated deficit		(4,316)	(5,190)
Accumulated other comprehensive loss		(728)	(706)
Total Hilton stockholders' deficit		(1,763)	(1,102)
Noncontrolling interests		10	4
Total deficit		(1,753)	(1,098)
TOTAL LIABILITIES AND EQUITY (DEFICIT)		15,200	15,512
Management and franchise
Intangibles and Other Assets:
Management and franchise contracts, net		986	887
Other
Intangibles and Other Assets:
Management and franchise contracts, net		167	161
Variable Interest Entity, Primary Beneficiary
Current Assets:
Cash and cash equivalents		52	29
Intangibles and Other Assets:
Property and equipment, net		36	45
Deferred income tax assets		33	52
Other		41	55
Current Liabilities:
Accounts payable, accrued expenses and other		25	21
Current maturities of long-term debt		18	22
Guest Loyalty Program
Current Liabilities:
Current portion of liability for guest loyalty program		1,188	1,110
Liability for guest loyalty program		$ 1,411	$ 1,285
[1]Represents current maturities of finance lease liabilities and borrowings of consolidated VIEs.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (per share)	$ 0.01	$ 0.01
Common stock, authorized shares	10,000,000,000	10,000,000,000
Common stock, outstanding shares	257,879,258	267,860,301
Treasury stock, shares	76,241,976	65,217,085
Allowance for credit losses	$ 124	$ 117
Total current assets of variable interest entities	65	43
Total intangibles and other assets of variable interest entities	110	152
Total current liabilities of variable interest entities	45	45
Total liabilities of variable interest entities	$ 148	$ 188

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 2,673	$ 2,368	$ 7,626	$ 6,329
Owned and leased hotels	301	263	849	705
Depreciation and amortization	40	39	114	123
General and administrative	96	93	298	287
Other expenses	26	13	80	35
Total expenses excluding reimbursable expenses	463	408	1,341	1,150
Other expenses from managed and franchised properties	1,557	1,337	4,460	3,589
Total expenses	2,020	1,745	5,801	4,739
Operating income (loss)	653	623	1,825	1,590
Interest expense	(113)	(106)	(340)	(295)
Gain (loss) on foreign currency transactions	(7)	0	(13)	4
Loss on investments in unconsolidated affiliate	0	0	(92)	0
Other non-operating income (loss), net	15	10	38	32
Income before income taxes	548	527	1,418	1,331
Income tax expense	(169)	(181)	(417)	(407)
Net income	379	346	1,001	924
Net loss (income) attributable to noncontrolling interests	(2)	1	(7)	3
Net income attributable to Hilton stockholders	$ 377	$ 347	$ 994	$ 927
Basic EPS:
Earnings (loss) per share, basic (USD per share)	$ 1.45	$ 1.27	$ 3.77	$ 3.35
Diluted EPS:
Earnings (loss) per share, diluted (USD per share)	1.44	1.26	3.74	3.32
Cash dividends declared per share	$ 0.15	$ 0.15	$ 0.45	$ 0.30
Total revenues excluding reimbursable revenues
Revenues	$ 1,167	$ 1,024	$ 3,263	$ 2,667
Franchise and licensing fees
Revenues	643	573	1,769	1,531
Base and other management fees
Revenues	81	76	247	206
Incentive management fees
Revenues	63	52	197	132
Owned and leased hotels
Revenues	335	295	924	727
Other revenues
Revenues	45	28	126	71
Other revenues from managed and franchised properties
Revenues	$ 1,506	$ 1,344	$ 4,363	$ 3,662

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 379	$ 346	$ 1,001		$ 924
Other comprehensive income (loss), net of tax benefit (expense):
Currency translation adjustment, net of tax	(31)	(22)	(33)		(47)
Pension liability adjustment, net of tax	(2)	(1)	(6)		(4)
Cash flow hedge adjustment, net of tax	4	50	4		137
Total other comprehensive income (loss)	(25)	29	(23)	[1]	94
Comprehensive income	354	375	978		1,018
Comprehensive loss (income) attributable to noncontrolling interests	(2)	1	(6)		3
Comprehensive income attributable to Hilton stockholders	$ 352	$ 376	$ 972		$ 1,021
[1]Amount for noncontrolling interests relates to currency translation adjustments.

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Currency translation adjustment, tax benefit (expense)	$ (2)	$ 12		$ (3)	$ 18
Pension liability adjustment, tax expense (less than)	(1)	0	[1]	(2)	(1)
Cash flow hedge adjustment, tax benefit (expense)	$ (1)	$ (17)		$ (1)	$ (46)
[1]Amount was less than $1 million.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating Activities:
Net income (loss)	$ 1,001	$ 924
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	114	123
Loss (gain) on foreign currency transactions	13	(4)
Loss on investments in unconsolidated affiliate	92	0
Share-based compensation expense	133	126
Deferred income taxes	(38)	54
Contract acquisition costs, net of refunds	(164)	(61)
Change in deferred revenues	140	(133)
Working capital changes and other	(46)	(77)
Net cash provided by operating activities	1,481	1,199
Investing Activities:
Capital expenditures for property and equipment	(109)	(19)
Issuance of financing receivables	8	46
Undesignated derivative financial instruments	28	(65)
Capitalized software costs	(68)	(43)
Investments in unconsolidated affiliates	(15)	(53)
Other	0	(2)
Net cash used in investing activities	(228)	(98)
Financing Activities:
Borrowings	3	23
Repayment of debt	(40)	(35)
Debt issuance costs	9	0
Dividends paid	(120)	(82)
Repurchases of common stock	(1,595)	(1,092)
Share-based compensation tax withholdings	53	56
Proceeds from share-based compensation	32	16
Settlements of interest rate swap with financing component	38
Settlements of interest rate swap with financing component		(4)
Net cash used in financing activities	(1,744)	(1,230)
Effect of exchange rate changes on cash, restricted cash and cash equivalents	(16)	(21)
Net decrease in cash, restricted cash and cash equivalents	(507)	(150)
Cash, restricted cash and cash equivalents, beginning of period	1,286	1,512
Cash, restricted cash and cash equivalents, end of period	779	1,362
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 operating activities:
Amortization of contract acquisition costs	32	28
Guest Loyalty Program
Adjustments to reconcile net income to net cash provided by operating activities:
Change in liability for guest loyalty program	$ 204	$ 219

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2023
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. Basis of Presentation The accompanying condensed consolidated financial statements for the three and nine months ended September 30, 2023 and 2022 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; however, 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, 2022.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	9 Months Ended
	Sep. 30, 2023
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 nine months ended September 30, 2023: (in millions) Balance as of December 31, 2022 $ 1,331 Cash received in advance and not recognized as revenue 508 Revenue recognized (1) (271) Other (2) (75) Balance as of September 30, 2023 $ 1,493 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements. (2) Represents the changes in estimated transaction prices for our performance obligations related to the issuance of Hilton Honors points, which had no effect on revenues. Performance Obligations As of September 30, 2023, deferred revenues for unsatisfied performance obligations consisted of: (i) $761 million related to Hilton Honors that will be recognized as revenue over approximately the next two years; (ii) $713 million related to advance consideration received from hotel owners for application, initiation and other fees and certain indirect reimbursements; and (iii) $19 million related to other obligations. 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, 2022.

Consolidated Variable Interest

Consolidated Variable Interest Entities	9 Months Ended
	Sep. 30, 2023
Consolidated Variable Interest Entities Disclosure [Abstract]
Consolidated Variable Interest Entities	Consolidated Variable Interest Entities As of September 30, 2023 and December 31, 2022, we consolidated two variable interest entities ("VIEs") that each lease one hotel property, both of which are located in Japan. We consolidate 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, including the effect of foreign currency translation, which primarily comprised the following: September 30, December 31, 2023 2022 (in millions) Cash and cash equivalents $ 52 $ 29 Property and equipment, net 36 45 Deferred income tax assets 33 52 Other non-current assets 41 55 Accounts payable, accrued expenses and other 25 21 Long-term debt (1)(2) 112 152 ____________ (1) Includes finance lease liabilities of $86 million and $115 million as of September 30, 2023 and December 31, 2022, respectively. (2) Includes current maturities of $18 million and $22 million as of September 30, 2023 and December 31, 2022, respectively. During the three months ended September 30, 2023, one of our consolidated VIEs made prepayments of JPY1.0 billion (approximately $7 million) on borrowings that were outstanding as of December 31, 2022 and had original maturity dates in 2029.

Loss on Investments in Unconsol

Loss on Investments in Unconsolidated Affiliate	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Loss on Investments in Unconsolidated Affiliate	Loss on Investments in Unconsolidated AffiliateWe strategically provide equity and debt financing to certain unconsolidated affiliates with an objective of supporting the growth of our network. The assets relating to these investments are classified as other current assets or other non-current assets in our condensed consolidated balance sheets based on the expected maturity of the respective investment.In March 2023, as a result of the rise in market-based interest rates, one of our third-party unconsolidated affiliates (the "Fund"), which has underlying investments in hotels that we currently or in the future will manage or franchise, failed to comply with certain requirements of its debt agreements. As a result, we determined that: (i) our investment in the Fund was fully impaired and (ii) short-term subordinated financing receivables due to us from the Fund were uncollectible. As such, we recognized an other-than-temporary impairment loss on our investment of $44 million and credit losses of $48 million to fully reserve the financing receivables, such that their net carrying values were zero. These losses were recognized in loss on investments in unconsolidated affiliate in our condensed consolidated statement of operations for the nine months ended September 30, 2023. See Note 6: "Fair Value Measurements" for additional information.

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of September 30, 2023, were as follows: September 30, December 31, 2023 2022 (in millions) Senior secured term loan facility with a rate of 7.17%, 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 5.98%, due 2023 to 2030 (2) 138 164 Other debt of consolidated VIEs with a weighted average rate of 1.13%, due 2024 to 2029 (2) 26 37 8,783 8,820 Less: unamortized deferred financing costs and discount (64) (73) Less: current maturities of long-term debt (3) (37) (39) $ 8,682 $ 8,708 ____________ (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. ("HOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes. (2) Long-term debt of our consolidated VIEs are included in finance lease liabilities and other debt of consolidated VIEs as applicable; refer to Note 3: "Consolidated Variable Interest Entities" for additional information. (3) Represents current maturities of finance lease liabilities and borrowings of consolidated VIEs. Our senior secured credit facilities consist of a senior secured revolving credit facility (the "Revolving Credit Facility") and a senior secured term loan facility (the "Term Loan"). The obligations under 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, except for HOC, the named borrower of the senior secured credit facilities. In January 2023, we amended the credit agreement governing our Revolving Credit Facility to increase the borrowing capacity from $1.75 billion to $2.0 billion, $250 million of which is available in the form of letters of credit, and, based on the terms of the agreement, we expect the extended maturity date to be January 2028. In connection with this amendment, we incurred $9 million of debt issuance costs, which were recognized in other non-current assets in our condensed consolidated balance sheet. No debt amounts were outstanding under the Revolving Credit Facility as of September 30, 2023, which had an available borrowing capacity of $1,940 million after considering $60 million of outstanding letters of credit.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
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: September 30, 2023 Hierarchy Level Carrying Value (1) Level 1 Level 2 Level 3 (in millions) Assets: Interest rate swap $ 110 $ — $ 110 $ — Liabilities: Long-term debt (2) 8,619 5,281 — 2,623 December 31, 2022 Hierarchy Level Carrying Value (1) Level 1 Level 2 Level 3 (in millions) Assets: Interest rate swap $ 108 $ — $ 108 $ — Liabilities: Long-term debt (2) 8,619 5,292 — 2,616 ____________ (1) The fair values of cash equivalents and restricted cash equivalents approximate their carrying values due to their short-term maturities. The fair values of all other financial instruments not included in these tables are estimated to be equal to their carrying values. (2) The carrying values and fair values exclude the deduction for unamortized deferred financing costs and any applicable discounts, as well as all finance lease liabilities and other debt of consolidated VIEs; refer to Note 5: "Debt" for additional information. We measure our interest rate swap at fair value, which is determined using a discounted cash flow analysis that reflects the contractual terms of the interest rate swap, including the period to maturity, and uses observable market-based inputs of similar instruments, including interest rate curves, as applicable. During the nine months ended September 30, 2023, we measured a financial asset at fair value on a non-recurring basis and recognized an other-than-temporary impairment loss of $44 million. In March 2023, the financial asset, an equity method investment in the Fund, which derives its market value from the underlying hotel assets it owns, failed to comply with its debt agreements, as discussed in Note 4: "Loss on Investments in Unconsolidated Affiliate." Given the lack of an active market or observable inputs for the fair value of the Fund, we determined that at March 31, 2023 our investment had a fair value of zero using Level 3 valuation inputs.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
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. We are under regular and recurring audit by the Internal Revenue Service ("IRS"). The IRS previously proposed material increases to our income tax liability related to our Hilton Honors guest loyalty program, which we have resolved through settlement through the tax year ended December 31, 2018. We expect the Hilton Honors program to be audited for periods subsequent to 2018. The IRS may propose tax assessments similar to those which were resolved through the 2018 tax year, and the amounts of any such future proposed assessments may be material. In October 2023, the U.S. Tax Court issued an opinion deciding that a third-party taxpayer was not entitled to apply the method of accounting provided for in Treasury Regulation Section 1.451-4 (the "Regulation") to its hotel loyalty program. We currently apply this method of accounting to our guest loyalty program for federal income tax purposes. Based on this decision, we are reassessing our uncertain tax positions in relation to our guest loyalty program. Under U.S. GAAP, we are required to assess and reflect the impact of a change in our assessment of our uncertain tax positions within the period that we become aware of new information, which, in this case, was the aforementioned ruling. Given that this decision was rendered after September 30, 2023, we will continue to assess this issue and reflect any changes in the fourth quarter of 2023 and future periods as applicable. While we believe our facts and circumstances are distinguishable from those described in the decision, if we do not conclude that we are more-likely-than-not eligible to apply the Regulation to our guest loyalty program, our uncertain tax position reserves could increase by up to approximately $218 million, excluding interest. Because this issue concerns only the timing of taxable income and deductions, this potential increase in tax reserves would be materially offset by a corresponding increase in our deferred tax assets. Including interest on prior years potentially assessed under audit, income tax expense could increase by up to approximately $65 million in the period that we increase reserves. In June 2023, we received a draft of proposed adjustments from the IRS regarding our 2016 transfer of certain IP to a foreign jurisdiction that would increase taxable income for the tax years under audit from 2016 through 2018. If the IRS's proposed adjustments are upheld, future periods beyond the years currently under audit would be similarly impacted. We disagree with the proposed adjustments, intend to vigorously contest them and are currently evaluating action, which could include litigation to dispute the adjustments. We previously recorded reserves of $73 million related to this matter. We

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	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"). We recognized share-based compensation expense of $48 million and $42 million during the three months ended September 30, 2023 and 2022, respectively, and $133 million and $126 million during the nine months ended September 30, 2023 and 2022, respectively, which includes amounts reimbursed by hotel owners. RSUs During the nine months ended September 30, 2023, we granted 602,000 RSUs with a weighted average grant date fair value per share of $146.18, which vest in equal annual installments over two Options During the nine months ended September 30, 2023, we granted 341,000 options with a weighted average exercise price per share of $146.18, 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 weighted average grant date fair value per share of the options granted during the nine months ended September 30, 2023 was $52.27, which was determined using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions: Expected volatility (1) 30.16 % Dividend yield (2) 0.43 % Risk-free rate (3) 4.00 % 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 terms of the options. (2) Estimated based on the quarterly dividend and the three-month average stock price at the dates of grant. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected terms of the options at the dates of grant. (4) Estimated using the midpoint of the vesting periods and the contractual terms of the options. Performance Shares During the nine months ended September 30, 2023, we granted 244,000 performance shares with a weighted average grant date fair value per share of $146.18, which vest three years from the date of grant based on the projected achievement of various performance measures. As of September 30, 2023, we determined that all of the performance measures for the outstanding performance shares were probable of achievement, with the average of the applicable achievement factors estimated to be between the target and maximum achievement percentages for the performance shares granted in 2021 and 2022 and at the target achievement percentage for the performance shares granted in 2023.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 377 $ 347 $ 994 $ 927 Denominator: Weighted average shares outstanding 260 273 264 277 Basic EPS $ 1.45 $ 1.27 $ 3.77 $ 3.35 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 377 $ 347 $ 994 $ 927 Denominator: Weighted average shares outstanding (1) 262 275 266 279 Diluted EPS $ 1.44 $ 1.26 $ 3.74 $ 3.32 ____________ (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 shares or less for all periods.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of June 30, 2023 262.3 $ 3 $ (6,956) $ 10,879 $ (4,654) $ (703) $ 8 $ (1,423) Net income — — — — 377 — 2 379 Other comprehensive loss — — — — — (25) — (25) Dividends — — — — (39) — — (39) Repurchases of common stock (1) (4.5) — (691) — — — — (691) Share-based compensation 0.1 — — 46 — — — 46 Balance as of September 30, 2023 257.9 $ 3 $ (7,647) $ 10,925 $ (4,316) $ (728) $ 10 $ (1,753) Three Months Ended September 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 June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Net income (loss) — — — — 347 — (1) 346 Other comprehensive income — — — — — 29 — 29 Dividends — — — — (41) — — (41) Repurchases of common stock (4.0) — (497) — — — — (497) Share-based compensation — — — 38 — — — 38 Balance as of September 30, 2022 271.5 $ 3 $ (5,545) $ 10,791 $ (5,477) $ (685) $ (1) $ (914) Nine Months Ended September 30, 2023 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, 2022 267.9 $ 3 $ (6,040) $ 10,831 $ (5,190) $ (706) $ 4 $ (1,098) Net income — — — — 994 — 7 1,001 Other comprehensive loss (2) — — — — — (22) (1) (23) Dividends — — — — (120) — — (120) Repurchases of common stock (1) (11.0) — (1,615) — — — — (1,615) Share-based compensation 1.0 — 8 94 — — — 102 Balance as of September 30, 2023 257.9 $ 3 $ (7,647) $ 10,925 $ (4,316) $ (728) $ 10 $ (1,753) Nine Months Ended September 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) — — — — 927 — (3) 924 Other comprehensive income — — — — — 94 — 94 Dividends — — — — (82) — — (82) Repurchases of common stock (8.5) — (1,107) — — — — (1,107) Share-based compensation 0.9 — 5 71 — — — 76 Balance as of September 30, 2022 271.5 $ 3 $ (5,545) $ 10,791 $ (5,477) $ (685) $ (1) $ (914) ____________ (1) Beginning January 1, 2023, amount includes excise tax as imposed by the Inflation Reduction Act of 2022. (2) Amount for noncontrolling interests relates to currency translation adjustments. 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, 2022 $ (548) $ (259) $ 101 $ (706) Other comprehensive income (loss) before reclassifications (32) — 31 (1) Amounts reclassified from accumulated other comprehensive loss — 6 (27) (21) Net current period other comprehensive income (loss) (32) 6 4 (22) Balance as of September 30, 2023 $ (580) $ (253) $ 105 $ (728) 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 (48) (2) 121 71 Amounts reclassified from accumulated other comprehensive loss 1 6 16 23 Net current period other comprehensive income (loss) (47) 4 137 94 Balance as of September 30, 2022 $ (587) $ (206) $ 108 $ (685) ____________ (1) Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the nine months ended September 30, 2022 relates 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 relate 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	9 Months Ended
	Sep. 30, 2023
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, 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. Revenues from this segment include: (i) management and franchise fees charged to third-party hotel owners; (ii) licensing fees from our strategic partners, including co-branded credit card providers, and Hilton Grand Vacations Inc. ("HGV") for the right to use our IP; and (iii) fees for managing hotels in our ownership segment. The ownership segment primarily derives revenues from nightly hotel room sales, food and beverage sales and other services at our consolidated owned and leased hotels. The performance of our operating segments is evaluated primarily on operating income (loss), without allocating amortization of contract acquisition costs, other revenues and other expenses, other revenues and other expenses from managed and franchised properties, depreciation and amortization expenses or general and administrative expenses, and does not include equity in earnings (losses) from unconsolidated affiliates. Our chief operating decision maker does not use assets by operating segment when assessing performance or making operating segment resource allocations. The following table presents revenues for our reportable segments, reconciled to consolidated amounts: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions) Franchise and licensing fees $ 647 $ 578 $ 1,782 $ 1,544 Base and other management fees (1) 94 88 283 235 Incentive management fees 63 52 197 132 Management and franchise 804 718 2,262 1,911 Ownership 335 295 924 727 Segment revenues 1,139 1,013 3,186 2,638 Amortization of contract acquisition costs (11) (10) (32) (28) Other revenues 45 28 126 71 Direct reimbursements from managed and franchised properties (2) 722 643 2,167 1,764 Indirect reimbursements from managed and franchised properties (2) 784 701 2,196 1,898 Intersegment fees elimination (1) (6) (7) (17) (14) Total revenues $ 2,673 $ 2,368 $ 7,626 $ 6,329 ____________ (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 for each of our reportable segments, reconciled to consolidated income before income taxes: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions) Management and franchise (1) $ 804 $ 718 $ 2,262 $ 1,911 Ownership (1) 28 25 58 8 Segment operating income 832 743 2,320 1,919 Amortization of contract acquisition costs (11) (10) (32) (28) Other revenues, less other expenses 19 15 46 36 Net other revenues (expenses) from managed and franchised properties (51) 7 (97) 73 Depreciation and amortization expenses (40) (39) (114) (123) General and administrative expenses (96) (93) (298) (287) Operating income 653 623 1,825 1,590 Interest expense (113) (106) (340) (295) Gain (loss) on foreign currency transactions (7) — (13) 4 Loss on investments in unconsolidated affiliate — — (92) — Other non-operating income, net 15 10 38 32 Income before income taxes $ 548 $ 527 $ 1,418 $ 1,331 ____________ (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	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	In limited cases, we provide performance guarantees to certain owners of hotels that we operate under management contracts that obligate us to fund performance shortfalls if specified operating performance levels are not achieved. As of September 30, 2023, we had performance guarantees with expirations ranging from 2025 to 2043 and possible cash outlays totaling approximately $7 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. Additionally, as of September 30, 2023, we had extended debt guarantees and letters of credit with expirations ranging from 2025 to 2031 and possible cash outlays totaling $122 million to owners of certain hotels that we currently or in the future will manage or franchise. These guarantees create variable interests in the ownership entities of the hotels, of which we are not the primary beneficiary. We receive fees from managed and franchised properties that we are contractually required to use to operate our marketing, sales and brands 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 September 30, 2023 and December 31, 2022, the 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 September 30, 2023 will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Cash interest paid included within operating activities in our condensed consolidated statements of cash flows was $345 million and $260 million during the nine months ended September 30, 2023 and 2022, respectively. These amounts exclude $38 million of cash receipts and $4 million of cash payments, respectively, related to settlements of our interest rate swap with a financing component, which are separately disclosed within financing activities in our condensed consolidated statements of cash flows. Income tax payments, net of refunds received, were $349 million and $253 million for the nine months ended September 30, 2023 and 2022, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Hilton stockholders	$ 377	$ 347	$ 994	$ 927

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2023
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 nine months ended September 30, 2023: (in millions) Balance as of December 31, 2022 $ 1,331 Cash received in advance and not recognized as revenue 508 Revenue recognized (1) (271) Other (2) (75) Balance as of September 30, 2023 $ 1,493 ____________ (1) Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements. (2) Represents the changes in estimated transaction prices for our performance obligations related to the issuance of Hilton Honors points, which had no effect on revenues.

Consolidated Variable Interes_2

Consolidated Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2023
Consolidated Variable Interest Entities Disclosure [Abstract]
Schedule of Variable Interest Entities	Our condensed consolidated balance sheets include the assets and liabilities of these entities, including the effect of foreign currency translation, which primarily comprised the following: September 30, December 31, 2023 2022 (in millions) Cash and cash equivalents $ 52 $ 29 Property and equipment, net 36 45 Deferred income tax assets 33 52 Other non-current assets 41 55 Accounts payable, accrued expenses and other 25 21 Long-term debt (1)(2) 112 152 ____________ (1) Includes finance lease liabilities of $86 million and $115 million as of September 30, 2023 and December 31, 2022, respectively. (2) Includes current maturities of $18 million and $22 million as of September 30, 2023 and December 31, 2022, respectively. During the three months ended September 30, 2023, one of our consolidated VIEs made prepayments of JPY1.0 billion (approximately $7 million) on borrowings that were outstanding as of December 31, 2022 and had original maturity dates in 2029.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of September 30, 2023, were as follows: September 30, December 31, 2023 2022 (in millions) Senior secured term loan facility with a rate of 7.17%, 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 5.98%, due 2023 to 2030 (2) 138 164 Other debt of consolidated VIEs with a weighted average rate of 1.13%, due 2024 to 2029 (2) 26 37 8,783 8,820 Less: unamortized deferred financing costs and discount (64) (73) Less: current maturities of long-term debt (3) (37) (39) $ 8,682 $ 8,708 ____________ (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. ("HOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes. (2) Long-term debt of our consolidated VIEs are included in finance lease liabilities and other debt of consolidated VIEs as applicable; refer to Note 3: "Consolidated Variable Interest Entities" for additional information. (3) Represents current maturities of finance lease liabilities and borrowings of consolidated VIEs.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
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: September 30, 2023 Hierarchy Level Carrying Value (1) Level 1 Level 2 Level 3 (in millions) Assets: Interest rate swap $ 110 $ — $ 110 $ — Liabilities: Long-term debt (2) 8,619 5,281 — 2,623 December 31, 2022 Hierarchy Level Carrying Value (1) Level 1 Level 2 Level 3 (in millions) Assets: Interest rate swap $ 108 $ — $ 108 $ — Liabilities: Long-term debt (2) 8,619 5,292 — 2,616 ____________ (1) The fair values of cash equivalents and restricted cash equivalents approximate their carrying values due to their short-term maturities. The fair values of all other financial instruments not included in these tables are estimated to be equal to their carrying values. (2) The carrying values and fair values exclude the deduction for unamortized deferred financing costs and any applicable discounts, as well as all finance lease liabilities and other debt of consolidated VIEs; refer to Note 5: "Debt" for additional information.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
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 nine months ended September 30, 2023 was $52.27, which was determined using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions: Expected volatility (1) 30.16 % Dividend yield (2) 0.43 % Risk-free rate (3) 4.00 % 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 terms of the options. (2) Estimated based on the quarterly dividend and the three-month average stock price at the dates of grant. (3) Based on the yields of U.S. Department of Treasury instruments with similar expected terms of the options at the dates of grant. (4) Estimated using the midpoint of the vesting periods and the contractual terms of the options.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions, except per share amounts) Basic EPS: Numerator: Net income attributable to Hilton stockholders $ 377 $ 347 $ 994 $ 927 Denominator: Weighted average shares outstanding 260 273 264 277 Basic EPS $ 1.45 $ 1.27 $ 3.77 $ 3.35 Diluted EPS: Numerator: Net income attributable to Hilton stockholders $ 377 $ 347 $ 994 $ 927 Denominator: Weighted average shares outstanding (1) 262 275 266 279 Diluted EPS $ 1.44 $ 1.26 $ 3.74 $ 3.32 ____________ (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 shares or less for all periods.

Stockholders' Equity (Deficit_2

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 Equity (Deficit) Attributable to Hilton Stockholders Treasury Stock Additional Accumulated Deficit Accumulated Common Stock Noncontrolling Shares Amount Total (in millions) Balance as of June 30, 2023 262.3 $ 3 $ (6,956) $ 10,879 $ (4,654) $ (703) $ 8 $ (1,423) Net income — — — — 377 — 2 379 Other comprehensive loss — — — — — (25) — (25) Dividends — — — — (39) — — (39) Repurchases of common stock (1) (4.5) — (691) — — — — (691) Share-based compensation 0.1 — — 46 — — — 46 Balance as of September 30, 2023 257.9 $ 3 $ (7,647) $ 10,925 $ (4,316) $ (728) $ 10 $ (1,753) Three Months Ended September 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 June 30, 2022 275.5 $ 3 $ (5,048) $ 10,753 $ (5,783) $ (714) $ — $ (789) Net income (loss) — — — — 347 — (1) 346 Other comprehensive income — — — — — 29 — 29 Dividends — — — — (41) — — (41) Repurchases of common stock (4.0) — (497) — — — — (497) Share-based compensation — — — 38 — — — 38 Balance as of September 30, 2022 271.5 $ 3 $ (5,545) $ 10,791 $ (5,477) $ (685) $ (1) $ (914) Nine Months Ended September 30, 2023 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, 2022 267.9 $ 3 $ (6,040) $ 10,831 $ (5,190) $ (706) $ 4 $ (1,098) Net income — — — — 994 — 7 1,001 Other comprehensive loss (2) — — — — — (22) (1) (23) Dividends — — — — (120) — — (120) Repurchases of common stock (1) (11.0) — (1,615) — — — — (1,615) Share-based compensation 1.0 — 8 94 — — — 102 Balance as of September 30, 2023 257.9 $ 3 $ (7,647) $ 10,925 $ (4,316) $ (728) $ 10 $ (1,753) Nine Months Ended September 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) — — — — 927 — (3) 924 Other comprehensive income — — — — — 94 — 94 Dividends — — — — (82) — — (82) Repurchases of common stock (8.5) — (1,107) — — — — (1,107) Share-based compensation 0.9 — 5 71 — — — 76 Balance as of September 30, 2022 271.5 $ 3 $ (5,545) $ 10,791 $ (5,477) $ (685) $ (1) $ (914) ____________ (1) Beginning January 1, 2023, amount includes excise tax as imposed by the Inflation Reduction Act of 2022.
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, 2022 $ (548) $ (259) $ 101 $ (706) Other comprehensive income (loss) before reclassifications (32) — 31 (1) Amounts reclassified from accumulated other comprehensive loss — 6 (27) (21) Net current period other comprehensive income (loss) (32) 6 4 (22) Balance as of September 30, 2023 $ (580) $ (253) $ 105 $ (728) 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 (48) (2) 121 71 Amounts reclassified from accumulated other comprehensive loss 1 6 16 23 Net current period other comprehensive income (loss) (47) 4 137 94 Balance as of September 30, 2022 $ (587) $ (206) $ 108 $ (685) ____________ (1) Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the nine months ended September 30, 2022 relates 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 relate 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)	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions) Franchise and licensing fees $ 647 $ 578 $ 1,782 $ 1,544 Base and other management fees (1) 94 88 283 235 Incentive management fees 63 52 197 132 Management and franchise 804 718 2,262 1,911 Ownership 335 295 924 727 Segment revenues 1,139 1,013 3,186 2,638 Amortization of contract acquisition costs (11) (10) (32) (28) Other revenues 45 28 126 71 Direct reimbursements from managed and franchised properties (2) 722 643 2,167 1,764 Indirect reimbursements from managed and franchised properties (2) 784 701 2,196 1,898 Intersegment fees elimination (1) (6) (7) (17) (14) Total revenues $ 2,673 $ 2,368 $ 7,626 $ 6,329 ____________ (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 for each of our reportable segments, reconciled to consolidated income before income taxes: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (in millions) Management and franchise (1) $ 804 $ 718 $ 2,262 $ 1,911 Ownership (1) 28 25 58 8 Segment operating income 832 743 2,320 1,919 Amortization of contract acquisition costs (11) (10) (32) (28) Other revenues, less other expenses 19 15 46 36 Net other revenues (expenses) from managed and franchised properties (51) 7 (97) 73 Depreciation and amortization expenses (40) (39) (114) (123) General and administrative expenses (96) (93) (298) (287) Operating income 653 623 1,825 1,590 Interest expense (113) (106) (340) (295) Gain (loss) on foreign currency transactions (7) — (13) 4 Loss on investments in unconsolidated affiliate — — (92) — Other non-operating income, net 15 10 38 32 Income before income taxes $ 548 $ 527 $ 1,418 $ 1,331 ____________ (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.

Revenues from Contracts with _3

Revenues from Contracts with Customers - Contract Liabilities (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liabilities balance		$ 1,493	$ 1,331
Cash received in advance not recognized as revenue		508
Revenue recognized	[1]	271
Other	[2]	$ 75
[1]Primarily related to Hilton Honors, our guest loyalty program, including co-branded credit card arrangements.[2]Represents the changes in estimated transaction prices for our performance obligations related to the issuance of Hilton Honors points, which had no effect on revenues.

Revenues from Contracts with _4

Revenues from Contracts with Customers - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 271	[1]
Guest loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 761
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	two years
Application, initiation and other fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 713
Co-branded credit card arrangement performance obligations
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 19
[1]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		3 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2023 JPY (¥)	Dec. 31, 2022 USD ($)
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 698		$ 1,209
Accounts receivable, net		1,396		1,327
Property and equipment, net		305		280
Deferred income tax assets		204		204
Other non-current assets		545		576
Accounts payable, accrued expenses and other		1,876		1,790
Current maturities of long-term debt	[1]	37		39
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Cash and cash equivalents		52		29
Property and equipment, net		36		45
Deferred income tax assets		33		52
Other non-current assets		41		55
Accounts payable, accrued expenses and other		25		21
Long-term debt	[2],[3]	112		152
Finance lease liabilities		86		115
Current maturities of long-term debt		18		$ 22
Prepayments of long-term debt		$ 7	¥ 1,000
[1]Represents current maturities of finance lease liabilities and borrowings of consolidated VIEs.[2]Includes current maturities of $18 million and $22 million as of September 30, 2023 and December 31, 2022, respectively. During the three months ended September 30, 2023, one of our consolidated VIEs made prepayments of JPY1.0 billion (approximately $7 million) on borrowings that were outstanding as of December 31, 2022 and had original maturity dates in 2029.[3]Includes finance lease liabilities of $86 million and $115 million as of September 30, 2023 and December 31, 2022, respectively.

Consolidated Variable Interes_4

Consolidated Variable Interest Entities - Additional Information (Details) - Hotel	Sep. 30, 2023	Dec. 31, 2022
Consolidated Variable Interest Entities Disclosure [Abstract]
Number of consolidated variable interest entities	2	2

Loss on Investments in Uncons_2

Loss on Investments in Unconsolidated Affiliate (Details) - Unconsolidated Affiliate $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Other-than-temporary impairment loss	$ 44
Credit losses	$ 48

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross		$ 8,783	$ 8,820
Unamortized deferred financing costs and discount		(64)	(73)
Current maturities of long-term debt	[1]	(37)	(39)
Long-term debt		8,682	8,708
Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Current maturities of long-term debt		(18)	(22)
Senior secured term loan facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,619	2,619
Debt instrument, interest rate, stated percentage		7.17%
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%
Other debt of consolidated VIEs
Debt Instrument [Line Items]
Debt, weighted average interest rate		1.13%
Other debt of consolidated VIEs | Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 26	37
Finance lease liabilities [member]
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 138	$ 164
Debt, weighted average interest rate		5.98%
[1]Represents current maturities of finance lease liabilities and borrowings of consolidated VIEs.[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. ("HOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes.[3]Long-term debt of our consolidated VIEs are included in finance lease liabilities and other debt of consolidated VIEs as applicable; refer to Note 3: "Consolidated Variable Interest Entities" for additional information

Debt - Additional Information (

Debt - Additional Information (Details) - Senior secured revolving credit facility - USD ($) $ in Millions	Sep. 30, 2023	Jan. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 2,000	$ 1,750
Letters of credit outstanding	$ 60	250
Debt issuance costs		$ 9
Revolving credit facility, remaining borrowing capacity	$ 1,940

Fair Value Measurements - Recur

Fair Value Measurements - Recurring & Disclosure (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Unconsolidated Affiliate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other-than-temporary impairment loss		$ 44
Carrying Value(1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps, assets	[1]	110	$ 108
Carrying Value(1) | Long-term debt excluding finance lease liabilities and other debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1],[2]	8,619	8,619
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]	5,281	5,292
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps, assets		110	108
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]	$ 2,623	$ 2,616
[1]The fair values of cash equivalents and restricted cash equivalents approximate their carrying values due to their short-term maturities. The fair values of all other financial instruments not included in these tables are estimated to be equal to their carrying values.[2]The carrying values and fair values exclude the deduction for unamortized deferred financing costs and any applicable discounts, as well as all finance lease liabilities and other debt of consolidated VIEs; refer to Note 5: "Debt" for additional information.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) $ in Millions	Sep. 30, 2023 USD ($)
Income Tax Disclosure [Abstract]
Previously recorded reserve for unrecognized tax benefits related to certain tax matters	$ 73
Uncertain tax position reserves, potential increase	218
Income tax expense, potential increase (up to)	$ 65

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Options Valuation Assumptions (Details) - Employee stock option	9 Months Ended
	Sep. 30, 2023 $ / shares Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, grants in period, grant date fair value | $ / shares	$ 52.27
Expected volatility	30.16%	[1]
Dividend yield	0.43%	[2]
Risk-free rate	4%	[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 terms of the options.[2]Estimated based on the quarterly dividend and the three-month average stock price at the dates of grant.[3]Based on the yields of U.S. Department of Treasury instruments with similar expected terms of the options at the dates of grant.[4]Estimated using the midpoint of the vesting periods and the contractual terms of the options.

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (benefit)	$ 48	$ 42	$ 133	$ 126
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)			602,000
Weighted average grant date fair value, granted (USD per share)			$ 146.18
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Options granted in period (shares)			341,000
Options granted in period, weighted average exercise price (USD per share)			$ 146.18
Options, expiration period			10 years
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)			244,000
Weighted average grant date fair value, granted (USD per share)			$ 146.18
Vesting period			3 years
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		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Basic EPS:
Net income attributable to Hilton stockholders		$ 377	$ 347	$ 994	$ 927
Weighted average shares outstanding, basic (shares)		260	273	264	277
Earnings (loss) per share, basic (USD per share)		$ 1.45	$ 1.27	$ 3.77	$ 3.35
Diluted EPS:
Net income attributable to Hilton stockholders		$ 377	$ 347	$ 994	$ 927
Weighted average shares outstanding, diluted (shares)	[1]	262	275	266	279
Earnings (loss) per share, diluted (USD per share)		$ 1.44	$ 1.26	$ 3.74	$ 3.32
Antidilutive shares (or less)		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 shares or less for all periods

Stockholders' Equity (Deficit_3

Stockholders' Equity (Deficit) and Accumulated Other Comprehensive Loss - Schedule of Stockholders' Equity (Deficit) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2023		Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Class of Stock [Line Items]
Beginning balance, shares				267,860,301
Beginning balance, equity attributable to Hilton stockholders				$ (1,102)
Beginning balance, equity attributable to noncontrolling interest				(4)
Beginning balance, equity	$ (1,423)		$ (789)	(1,098)		$ (819)
Net income (loss) attributable to Hilton stockholders	377		347	994		927
Net loss (income) attributable to noncontrolling interests	2		(1)	7		(3)
Net income (loss)	379		346	1,001		924
Other comprehensive income (loss)	(25)		29	(23)	[1]	94
Repurchases of common stock	(691)	[2]	(497)	(1,615)	[2]	(1,107)
Increase (decrease) in stockholders’ equity from share-based compensation	$ 46		38	$ 102		76
Ending balance, shares	257,879,258			257,879,258
Ending balance, equity attributable to Hilton stockholders	$ (1,763)			$ (1,763)
Ending balance, equity attributable to noncontrolling interest	(10)			(10)
Ending balance, equity	(1,753)		(914)	(1,753)		(914)
Dividends	$ (39)		$ (41)	$ (120)		$ (82)
Common Stock
Class of Stock [Line Items]
Beginning balance, shares	262,300,000		275,500,000	267,900,000		279,100,000
Beginning balance, equity attributable to Hilton stockholders	$ 3		$ 3	$ 3		$ 3
Repurchases of common stock (shares)	(4,500,000)	[2]	(4,000,000)	(11,000,000)	[2]	(8,500,000)
Share-based compensation (shares)	100,000		0	1,000,000		900,000
Ending balance, shares	257,900,000		271,500,000	257,900,000		271,500,000
Ending balance, equity attributable to Hilton stockholders	$ 3		$ 3	$ 3		$ 3
Treasury Stock, Common
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders	(6,956)		(5,048)	(6,040)		(4,443)
Repurchases of common stock	(691)	[2]	(497)	(1,615)	[2]	(1,107)
Increase (decrease) in stockholders’ equity from share-based compensation	0		0	8		5
Ending balance, equity attributable to Hilton stockholders	(7,647)		(5,545)	(7,647)		(5,545)
Additional Paid-in Capital
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders	10,879		10,753	10,831		10,720
Increase (decrease) in stockholders’ equity from share-based compensation	46		38	94		71
Ending balance, equity attributable to Hilton stockholders	10,925		10,791	10,925		10,791
Accumulated Deficit
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders	(4,654)		(5,783)	(5,190)		(6,322)
Net income (loss) attributable to Hilton stockholders	377		347	994		927
Ending balance, equity attributable to Hilton stockholders	(4,316)		(5,477)	(4,316)		(5,477)
Dividends	(39)		(41)	(120)		(82)
Accumulated Other Comprehensive Loss
Class of Stock [Line Items]
Beginning balance, equity attributable to Hilton stockholders	(703)		(714)	(706)		(779)
Ending balance, equity attributable to Hilton stockholders	(728)		(685)	(728)		(685)
Other comprehensive income (loss) attributable to Hilton stockholders	(25)		29	(22)	[1]	94
Noncontrolling Interests
Class of Stock [Line Items]
Beginning balance, equity attributable to noncontrolling interest	8		0	4		2
Net loss (income) attributable to noncontrolling interests	(2)		1	(7)		3
Other comprehensive income (loss)	0			(1)	[1]
Ending balance, equity attributable to noncontrolling interest	$ 10		$ (1)	$ 10		$ (1)
[1]Amount for noncontrolling interests relates to currency translation adjustments.[2]Beginning January 1, 2023, amount includes excise tax as imposed by the Inflation Reduction Act of 2022.

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		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance				$ (706)
Ending balance		$ (728)		(728)
Currency translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]			(548)		$ (540)
Other comprehensive income (loss) before reclassifications	[1]			(32)		(48)
Amounts reclassified from accumulated other comprehensive loss	[1]			0		1
Net current period other comprehensive income (loss)	[1]			(32)		(47)
Ending balance	[1]	(580)	$ (587)	(580)		(587)
Pension liability adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]			(259)		(210)
Other comprehensive income (loss) before reclassifications	[2]			0		(2)
Amounts reclassified from accumulated other comprehensive loss	[2]			6		6
Net current period other comprehensive income (loss)	[2]			6		4
Ending balance	[2]	(253)	(206)	(253)		(206)
Cash flow hedge adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[3]			101		(29)
Other comprehensive income (loss) before reclassifications	[3]			31		121
Amounts reclassified from accumulated other comprehensive loss	[3]			(27)		16
Net current period other comprehensive income (loss)	[3]			4		137
Ending balance	[3]	105	108	105		108
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance				(706)		(779)
Other comprehensive income (loss) before reclassifications				(1)		71
Amounts reclassified from accumulated other comprehensive loss				(21)		23
Net current period other comprehensive income (loss)		(25)	29	(22)	[4]	94
Ending balance		$ (728)	$ (685)	$ (728)		$ (685)
[1]Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amount reclassified during the nine months ended September 30, 2022 relates 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 relate 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.[4]Amount for noncontrolling interests relates to currency translation adjustments.

Business Segments - Reconciliat

Business Segments - Reconciliation of Revenue from Segment Amounts to Consolidated Amounts (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		$ 2,673	$ 2,368	$ 7,626	$ 6,329
Amortization of contract acquisition costs		(11)	(10)	(32)	(28)
Segment revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		1,139	1,013	3,186	2,638
Segment revenues | Ownership
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		335	295	924	727
Segment revenues | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		804	718	2,262	1,911
Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Amortization of contract acquisition costs		(11)	(10)	(32)	(28)
Intersegment eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	6	7	17	14
Franchise and licensing fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		643	573	1,769	1,531
Franchise and licensing fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		647	578	1,782	1,544
Base and other management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		81	76	247	206
Base and other management fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1]	94	88	283	235
Incentive management fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		63	52	197	132
Incentive management fees | Management and Franchise
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		63	52	197	132
Other revenues
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		45	28	126	71
Other revenues | Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		45	28	126	71
Direct reimbursements from managed and franchised properties | Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	722	643	2,167	1,764
Indirect reimbursements from managed and franchised properties | Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[2]	$ 784	$ 701	$ 2,196	$ 1,898
[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) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Segment	Sep. 30, 2022 USD ($)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Number of operating segments | Segment				2
Operating income (loss)		$ 653	$ 623	$ 1,825	$ 1,590
Amortization of contract acquisition costs		(11)	(10)	(32)	(28)
Other revenues, less other expenses		19	15	46	36
Net other revenues (expenses) from managed and franchised properties		(51)	7	(97)	73
Depreciation and amortization expenses		(40)	(39)	(114)	(123)
General and administrative expenses		(96)	(93)	(298)	(287)
Interest expense		(113)	(106)	(340)	(295)
Gain (loss) on foreign currency transactions		(7)	0	(13)	4
Loss on investments in unconsolidated affiliate		0	0	(92)	0
Other non-operating income (loss), net		15	10	38	32
Income (loss) before income taxes		548	527	1,418	1,331
Ownership
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)	[1]	28	25	58	8
Management and Franchise
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)	[1]	804	718	2,262	1,911
Segment operating income
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (loss)		$ (832)	$ 743	$ 2,320	$ 1,919
[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	9 Months Ended
	Sep. 30, 2023 USD ($)
Performance guarantees
Commitments and Contingencies [Line Items]
Guarantees, possible cash outlays	$ 7
Guarantees, expiration	2025 to 2043
Debt guarantee
Commitments and Contingencies [Line Items]
Guarantees, possible cash outlays	$ 122
Guarantees, expiration	2025 to 2031

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Cash interest paid	$ 345	$ 260
Settlements of interest rate swap with financing component	38
Settlements of interest rate swap with financing component		4
Income tax payments, net of refunds received	$ 349	$ 253