Condensed Consolidated Guarantor Information (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | | | | |
Condensed Financial Statements [Text Block] | Condensed Consolidating Guarantor Financial Information Hilton Worldwide Finance LLC and Hilton Worldwide Finance Corp. (together, the "HWF Issuers"), which are 100 percent owned by Hilton Worldwide Parent LLC ("HWP"), which is 100 percent owned by the Parent, issued the 2025 Senior Notes and the 2027 Senior Notes. Hilton Domestic Operating Company Inc. ("HOC"), which is 100 percent owned by Hilton Worldwide Finance LLC, assumed the 2024 Senior Notes, issued the 2026 Senior Notes and, in June 2019, issued the 2030 Senior Notes. The 2024 Senior Notes, 2025 Senior Notes, 2026 Senior Notes, 2027 Senior Notes and 2030 Senior Notes are collectively referred to as the Senior Notes. The HWF Issuers and HOC are collectively referred to as the Subsidiary Issuers. The Senior Notes are guaranteed jointly and severally on a senior unsecured basis by HWP, the Parent and certain of the Parent's wholly owned domestic restricted subsidiaries that are themselves not issuers of the applicable series of Senior Notes (together, the "Guarantors''). The indentures that govern the Senior Notes provide that any subsidiary of the Company that provides a guarantee of our senior secured credit facilities will guarantee the Senior Notes. Additionally, the HWF Issuers are guarantors of the 2024 Senior Notes, the 2026 Senior Notes and the 2030 Senior Notes and HOC is a guarantor of the 2025 Senior Notes and the 2027 Senior Notes. As of June 30, 2019 , none of our foreign subsidiaries or U.S. subsidiaries owned by foreign subsidiaries or conducting foreign operations or our non-wholly owned subsidiaries guarantee the Senior Notes (collectively, the "Non-Guarantors"). The guarantees are full and unconditional, subject to certain customary release provisions. The indentures that govern the Senior Notes provide that any Guarantor may be released from its guarantee so long as: (i) the subsidiary is sold or sells all of its assets; (ii) the subsidiary is released from its guaranty under our senior secured credit facilities; (iii) the subsidiary is declared "unrestricted" for covenant purposes; (iv) the subsidiary is merged with or into the applicable Subsidiary Issuers or another Guarantor or the Guarantor liquidates after transferring all of its assets to the applicable Subsidiary Issuers or another Guarantor; or (v) the requirements for legal defeasance or covenant defeasance or to discharge the indenture have been satisfied, in each case in compliance with applicable provisions of the indentures. The following tables present the condensed consolidating financial information as of June 30, 2019 and December 31, 2018 , and for the three and six months ended June 30, 2019 and 2018 , for the Parent, HWF Issuers, HOC, Guarantors and Non-Guarantors. The condensed consolidating financial information presents the financial information for all periods based on the composition of the Guarantors and Non-Guarantors as of June 30, 2019 . June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 23 $ 609 $ — $ 635 Restricted cash and cash equivalents — — 34 16 33 — 83 Accounts receivable, net — — 14 852 324 — 1,190 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 16 48 55 (2 ) 117 Other — 1 1 48 147 (7 ) 190 Total current assets — 1 68 987 1,208 (49 ) 2,215 Intangibles and Other Assets: Investments in subsidiaries 2 4,113 7,850 2 — (11,967 ) — Goodwill — — — 3,824 1,333 — 5,157 Brands — — — 4,405 469 — 4,874 Management and franchise contracts, net — — 1 502 314 — 817 Other intangible assets, net — — — 279 121 — 400 Operating lease right-of-use assets — — 36 10 845 — 891 Property and equipment, net — — 61 67 290 — 418 Deferred income tax assets 4 7 86 — 146 (97 ) 146 Other — 12 31 17 162 — 222 Total intangibles and other assets 6 4,132 8,065 9,106 3,680 (12,064 ) 12,925 TOTAL ASSETS $ 6 $ 4,133 $ 8,133 $ 10,093 $ 4,888 $ (12,113 ) $ 15,140 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts payable, accrued expenses and other $ 36 $ 20 $ 201 $ 664 $ 743 $ (7 ) $ 1,657 Current maturities of long-term debt — — 20 — 17 — 37 Current portion of deferred revenues — — 47 241 12 (2 ) 298 Intercompany payables — — 40 — — (40 ) — Current portion of liability for guest loyalty program — — — 788 — — 788 Total current liabilities 36 20 308 1,693 772 (49 ) 2,780 Long-term debt — 4,076 3,473 — 223 — 7,772 Operating lease liabilities — — 43 8 1,015 — 1,066 Deferred revenues — — — 754 68 — 822 Deferred income tax liabilities — — — 958 — (97 ) 861 Liability for guest loyalty program — — — 986 — — 986 Other — 35 196 94 551 — 876 Total liabilities 36 4,131 4,020 4,493 2,629 (146 ) 15,163 Equity (Deficit): Total Hilton stockholders' equity (deficit) (30 ) 2 4,113 5,600 2,252 (11,967 ) (30 ) Noncontrolling interests — — — — 7 — 7 Total equity (deficit) (30 ) 2 4,113 5,600 2,259 (11,967 ) (23 ) TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 6 $ 4,133 $ 8,133 $ 10,093 $ 4,888 $ (12,113 ) $ 15,140 December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 17 $ 383 $ — $ 403 Restricted cash and cash equivalents — — 34 15 32 — 81 Accounts receivable, net — — 10 735 405 — 1,150 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 52 37 80 (9 ) 160 Other — 1 1 36 154 (3 ) 189 Total current assets — 1 100 840 1,094 (52 ) 1,983 Intangibles and Other Assets: Investments in subsidiaries 557 5,131 7,930 557 — (14,175 ) — Goodwill — — — 3,824 1,336 — 5,160 Brands — — — 4,404 465 — 4,869 Management and franchise contracts, net — — — 556 316 — 872 Other intangible assets, net — — — 287 128 — 415 Property and equipment, net — — 27 65 275 — 367 Deferred income tax assets 4 — 94 — 90 (98 ) 90 Other — 23 33 22 161 — 239 Total intangibles and other assets 561 5,154 8,084 9,715 2,771 (14,273 ) 12,012 TOTAL ASSETS $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 10 $ 19 $ 229 $ 529 $ 765 $ (3 ) $ 1,549 Current maturities of long-term debt — — — — 16 — 16 Current portion of deferred revenues — — 106 239 14 (9 ) 350 Intercompany payables — — 40 — — (40 ) — Current portion of liability for guest loyalty program — — — 700 — — 700 Total current liabilities 10 19 375 1,468 795 (52 ) 2,615 Long-term debt — 4,573 2,467 — 226 — 7,266 Deferred revenues — — — 762 64 — 826 Deferred income tax liabilities — 6 — 962 28 (98 ) 898 Liability for guest loyalty program — — — 969 — — 969 Other — — 211 93 559 — 863 Total liabilities 10 4,598 3,053 4,254 1,672 (150 ) 13,437 Equity: Total Hilton stockholders' equity 551 557 5,131 6,301 2,186 (14,175 ) 551 Noncontrolling interests — — — — 7 — 7 Total equity 551 557 5,131 6,301 2,193 (14,175 ) 558 TOTAL LIABILITIES AND EQUITY $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 Three Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 69 $ 338 $ 41 $ (4 ) $ 444 Base and other management fees — — — 57 32 — 89 Incentive management fees — — — 21 37 — 58 Owned and leased hotels — — — — 387 — 387 Other revenues — — 1 20 5 — 26 — — 70 436 502 (4 ) 1,004 Other revenues from managed and franchised properties — — 81 1,247 152 — 1,480 Total revenues — — 151 1,683 654 (4 ) 2,484 Expenses Owned and leased hotels — — — — 334 — 334 Depreciation and amortization — — 1 63 22 — 86 General and administrative — — 89 — 31 (7 ) 113 Other expenses — — 3 2 7 3 15 — — 93 65 394 (4 ) 548 Other expenses from managed and franchised properties — — 87 1,224 147 — 1,458 Total expenses — — 180 1,289 541 (4 ) 2,006 Operating income (loss) — — (29 ) 394 113 — 478 Interest expense — (52 ) (33 ) — (16 ) — (101 ) Gain (loss) on foreign currency transactions — — (1 ) (9 ) 7 — (3 ) Other non-operating income (loss), net — (9 ) — (5 ) 2 — (12 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (61 ) (63 ) 380 106 — 362 Income tax benefit (expense) — 15 14 (94 ) (36 ) — (101 ) Income (loss) before equity in earnings from subsidiaries — (46 ) (49 ) 286 70 — 261 Equity in earnings from subsidiaries 260 306 355 260 — (1,181 ) — Net income 260 260 306 546 70 (1,181 ) 261 Net income attributable to noncontrolling interests — — — — (1 ) — (1 ) Net income attributable to Hilton stockholders $ 260 $ 260 $ 306 $ 546 $ 69 $ (1,181 ) $ 260 Comprehensive income $ 252 $ 235 $ 308 $ 546 $ 85 $ (1,173 ) $ 253 Comprehensive income attributable to noncontrolling interests — — — — (1 ) — (1 ) Comprehensive income attributable to Hilton stockholders $ 252 $ 235 $ 308 $ 546 $ 84 $ (1,173 ) $ 252 Three Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 50 $ 322 $ 36 $ (4 ) $ 404 Base and other management fees — — 1 55 28 — 84 Incentive management fees — — — 22 37 — 59 Owned and leased hotels — — — — 392 — 392 Other revenues — — 1 17 3 1 22 — — 52 416 496 (3 ) 961 Other revenues from managed and franchised properties — — 62 1,110 158 — 1,330 Total revenues — — 114 1,526 654 (3 ) 2,291 Expenses Owned and leased hotels — — — — 352 — 352 Depreciation and amortization — — 2 58 19 — 79 General and administrative — — 83 — 32 — 115 Other expenses — — 2 8 6 (4 ) 12 — — 87 66 409 (4 ) 558 Other expenses from managed and franchised properties — — 62 1,114 151 — 1,327 Total expenses — — 149 1,180 560 (4 ) 1,885 Operating income (loss) — — (35 ) 346 94 1 406 Interest expense — (57 ) (31 ) — (9 ) 2 (95 ) Gain (loss) on foreign currency transactions — — 6 (89 ) 71 — (12 ) Other non-operating income (loss), net — (7 ) 1 4 4 (3 ) (1 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (64 ) (59 ) 261 160 — 298 Income tax benefit (expense) — 16 14 (61 ) (50 ) — (81 ) Income (loss) before equity in earnings from subsidiaries — (48 ) (45 ) 200 110 — 217 Equity in earnings from subsidiaries 217 265 310 217 — (1,009 ) — Net income 217 217 265 417 110 (1,009 ) 217 Net income attributable to noncontrolling interests — — — — — — — Net income attributable to Hilton stockholders $ 217 $ 217 $ 265 $ 417 $ 110 $ (1,009 ) $ 217 Comprehensive income $ 155 $ 227 $ 266 $ 416 $ 38 $ (947 ) $ 155 Comprehensive income attributable to noncontrolling interests — — — — — — — Comprehensive income attributable to Hilton stockholders $ 155 $ 227 $ 266 $ 416 $ 38 $ (947 ) $ 155 Six Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 130 $ 632 $ 73 $ (9 ) $ 826 Base and other management fees — — — 109 60 — 169 Incentive management fees — — — 44 69 — 113 Owned and leased hotels — — — — 699 — 699 Other revenues — — 1 43 8 — 52 — — 131 828 909 (9 ) 1,859 Other revenues from managed and franchised properties — — 156 2,386 287 — 2,829 Total revenues — — 287 3,214 1,196 (9 ) 4,688 Expenses Owned and leased hotels — — — — 632 — 632 Depreciation and amortization — — 3 125 42 — 170 General and administrative — — 171 — 62 (13 ) 220 Other expenses — — 4 10 17 4 35 — — 178 135 753 (9 ) 1,057 Other expenses from managed and franchised properties — — 159 2,402 280 — 2,841 Total expenses — — 337 2,537 1,033 (9 ) 3,898 Operating income (loss) — — (50 ) 677 163 — 790 Interest expense — (103 ) (68 ) — (28 ) — (199 ) Gain (loss) on foreign currency transactions — — 1 (27 ) 23 — (3 ) Other non-operating income (loss), net — (9 ) — (5 ) 6 — (8 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (112 ) (117 ) 645 164 — 580 Income tax benefit (expense) — 27 27 (159 ) (55 ) — (160 ) Income (loss) before equity in earnings from subsidiaries — (85 ) (90 ) 486 109 — 420 Equity in earnings from subsidiaries 418 503 593 418 — (1,932 ) — Net income 418 418 503 904 109 (1,932 ) 420 Net income attributable to noncontrolling interests — — — — (2 ) — (2 ) Net income attributable to Hilton stockholders $ 418 $ 418 $ 503 $ 904 $ 107 $ (1,932 ) $ 418 Comprehensive income $ 394 $ 378 $ 506 $ 904 $ 122 $ (1,908 ) $ 396 Comprehensive income attributable to noncontrolling interests — — — — (2 ) — (2 ) Comprehensive income attributable to Hilton stockholders $ 394 $ 378 $ 506 $ 904 $ 120 $ (1,908 ) $ 394 Six Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 94 $ 584 $ 65 $ (8 ) $ 735 Base and other management fees — — 1 106 54 — 161 Incentive management fees — — — 43 71 — 114 Owned and leased hotels — — — — 726 — 726 Other revenues — — 3 41 5 (4 ) 45 — — 98 774 921 (12 ) 1,781 Other revenues from managed and franchised properties — — 106 2,180 298 — 2,584 Total revenues — — 204 2,954 1,219 (12 ) 4,365 Expenses Owned and leased hotels — — — — 672 — 672 Depreciation and amortization — — 3 118 40 — 161 General and administrative — — 156 — 67 (4 ) 219 Other expenses — — 4 15 15 (8 ) 26 — — 163 133 794 (12 ) 1,078 Other expenses from managed and franchised properties — — 108 2,198 296 — 2,602 Total expenses — — 271 2,331 1,090 (12 ) 3,680 Operating income (loss) — — (67 ) 623 129 — 685 Interest expense — (118 ) (44 ) — (19 ) 3 (178 ) Gain (loss) on foreign currency transactions — — 3 (81 ) 77 — (1 ) Other non-operating income (loss), net — (7 ) 4 12 7 (3 ) 13 Income (loss) before income taxes and equity in earnings from subsidiaries — (125 ) (104 ) 554 194 — 519 Income tax benefit (expense) — 31 27 (134 ) (63 ) — (139 ) Income (loss) before equity in earnings from subsidiaries — (94 ) (77 ) 420 131 — 380 Equity in earnings from subsidiaries 378 472 549 378 — (1,777 ) — Net income 378 378 472 798 131 (1,777 ) 380 Net income attributable to noncontrolling interests — — — — (2 ) — (2 ) Net income attributable to Hilton stockholders $ 378 $ 378 $ 472 $ 798 $ 129 $ (1,777 ) $ 378 Comprehensive income $ 377 $ 417 $ 473 $ 798 $ 90 $ (1,776 ) $ 379 Comprehensive income attributable to noncontrolling interests — — — — (2 ) — (2 ) Comprehensive income attributable to Hilton stockholders $ 377 $ 417 $ 473 $ 798 $ 88 $ (1,776 ) $ 377 Six Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (85 ) $ — $ 675 $ 75 $ (15 ) $ 650 Investing Activities: Capital expenditures for property and equipment — — (5 ) (3 ) (38 ) — (46 ) Capitalized software costs — — — (44 ) — — (44 ) Other — — — 1 (6 ) — (5 ) Net cash used in investing activities — — (5 ) (46 ) (44 ) — (95 ) Financing Activities: Borrowings — 795 1,000 — — — 1,795 Repayment of debt — (1,295 ) (14 ) — (8 ) — (1,317 ) Debt issuance costs — (13 ) (14 ) — — — (27 ) Intercompany transfers 740 598 (933 ) (622 ) 217 — — Dividends paid (87 ) — — — — — (87 ) Repurchases of common stock (653 ) — — — — — (653 ) Intercompany dividends — — — — (15 ) 15 — Share-based compensation tax withholdings and other — — (34 ) — — — (34 ) Net cash provided by (used in) financing activities — 85 5 (622 ) 194 15 (323 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — 2 — 2 Net increase in cash, restricted cash and cash equivalents — — — 7 227 — 234 Cash, restricted cash and cash equivalents, beginning of period — — 37 32 415 — 484 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 39 $ 642 $ — $ 718 Six Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (102 ) $ (8 ) $ 494 $ 148 $ — $ 532 Investing Activities: Capital expenditures for property and equipment — — (4 ) (1 ) (23 ) — (28 ) Capitalized software costs — — — (38 ) — — (38 ) Other — — — (3 ) (6 ) — (9 ) Net cash used in investing activities — — (4 ) (42 ) (29 ) — (75 ) Financing Activities: Borrowings — 150 1,500 — — — 1,650 Repayment of debt — (660 ) — — (12 ) — (672 ) Debt issuance costs — — (21 ) — — — (21 ) Intercompany transfers 1,531 612 (1,451 ) (450 ) (242 ) — — Dividends paid (92 ) — — — — — (92 ) Repurchases of common stock (1,439 ) — — — — — (1,439 ) Share-based compensation tax withholdings and other — — (42 ) — — — (42 ) Net cash provided by (used in) financing activities — 102 (14 ) (450 ) (254 ) — (616 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (6 ) — (6 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — (26 ) 2 (141 ) — (165 ) Cash, restricted cash and cash equivalents, beginning of period — — 63 28 579 — 670 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 30 $ 438 $ — $ 505 | Condensed Consolidating Guarantor Financial Information In April 2018, Hilton Domestic Operating Company Inc. ("HOC"), which is 100 percent owned by Hilton Worldwide Finance LLC, issued the 2026 Senior Notes. In March 2017, Hilton Worldwide Finance LLC and Hilton Worldwide Finance Corp. (the "HWF Issuers"), entities that are 100 percent owned by Hilton Worldwide Parent LLC ("HWP"), which is 100 percent owned by the Parent, issued the 2025 Senior Notes and 2027 Senior Notes. In September 2016, HOC assumed the 2024 Senior Notes that were issued in August 2016 by escrow issuers. In October 2013, the HWF Issuers issued the 2021 Senior Notes, which were redeemed in full in March 2017. See Note 9 : " Debt " for additional information. The HWF Issuers are guarantors of the 2026 Senior Notes and the 2024 Senior Notes. HOC is a guarantor of the 2025 Senior Notes and the 2027 Senior Notes and was a guarantor of the 2021 Senior Notes prior to their redemption. The 2024 Senior Notes, 2025 Senior Notes, 2026 Senior Notes and 2027 Senior Notes are collectively referred to as the Senior Notes. The HWF Issuers and HOC are collectively referred to as the Subsidiary Issuers. The Senior Notes are guaranteed jointly and severally on a senior unsecured basis by HWP, the Parent and certain of the Parent's 100 percent owned domestic restricted subsidiaries that are themselves not issuers of the applicable series of Senior Notes (together, the "Guarantors''). The indentures that govern the Senior Notes provide that any subsidiary of the Company that provides a guarantee of our senior secured credit facility will guarantee the Senior Notes. As of December 31, 2018 , none of our foreign subsidiaries or U.S. subsidiaries owned by foreign subsidiaries or conducting foreign operations or our non-wholly owned subsidiaries guaranteed the Senior Notes (collectively, the "Non-Guarantors"). The guarantees are full and unconditional, subject to certain customary release provisions. The indentures that govern the Senior Notes provide that any Guarantor may be released from its guarantee so long as: (i) the subsidiary is sold or sells all of its assets; (ii) the subsidiary is released from its guaranty under our senior secured credit facility; (iii) the subsidiary is declared "unrestricted" for covenant purposes; (iv) the subsidiary is merged with or into the applicable Subsidiary Issuers or another Guarantor or the Guarantor liquidates after transferring all of its assets to the applicable Subsidiary Issuers or another Guarantor; or (v) the requirements for legal defeasance or covenant defeasance or to discharge the indenture have been satisfied, in each case in compliance with applicable provisions of the indentures. The following tables present the condensed consolidating financial information as of December 31, 2018 and 2017 and for the years ended December 31, 2018 , 2017 and 2016 , for the Parent, HWF Issuers, HOC, Guarantors and Non-Guarantors. December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 17 $ 383 $ — $ 403 Restricted cash and cash equivalents — — 34 15 32 — 81 Accounts receivable, net — — 10 735 405 — 1,150 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 52 37 80 (9 ) 160 Income taxes receivable — — — 23 — (3 ) 20 Other — 1 1 13 154 — 169 Total current assets — 1 100 840 1,094 (52 ) 1,983 Intangibles and Other Assets: Investments in subsidiaries 557 5,131 7,930 557 — (14,175 ) — Goodwill — — — 3,824 1,336 — 5,160 Brands — — — 4,404 465 — 4,869 Management and franchise contracts, net — — — 556 316 — 872 Other intangible assets, net — — — 287 128 — 415 Property and equipment, net — — 27 65 275 — 367 Deferred income tax assets 4 — 94 — 90 (98 ) 90 Other — 23 33 22 161 — 239 Total intangibles and other assets 561 5,154 8,084 9,715 2,771 (14,273 ) 12,012 TOTAL ASSETS $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 10 $ 19 $ 229 $ 529 $ 743 $ — $ 1,530 Current portion of deferred revenues — — 106 239 14 (9 ) 350 Intercompany payables — — 40 — — (40 ) — Current maturities of long-term debt — — — — 16 — 16 Income taxes payable — — — — 22 (3 ) 19 Current portion of liability for guest loyalty program — — — 700 — — 700 Total current liabilities 10 19 375 1,468 795 (52 ) 2,615 Long-term debt — 4,573 2,467 — 226 — 7,266 Deferred revenues — — — 762 64 — 826 Deferred income tax liabilities — 6 — 962 28 (98 ) 898 Liability for guest loyalty program — — — 969 — — 969 Other — — 211 93 559 — 863 Total liabilities 10 4,598 3,053 4,254 1,672 (150 ) 13,437 Equity: Total Hilton stockholders' equity 551 557 5,131 6,301 2,186 (14,175 ) 551 Noncontrolling interests — — — — 7 — 7 Total equity 551 557 5,131 6,301 2,193 (14,175 ) 558 TOTAL LIABILITIES AND EQUITY $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 2 $ 18 $ 550 $ — $ 570 Restricted cash and cash equivalents — — 61 10 29 — 100 Accounts receivable, net — — 18 712 275 — 1,005 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 25 24 84 (6 ) 127 Income taxes receivable — — — 60 — (24 ) 36 Other — — 1 13 155 — 169 Total current assets — — 107 837 1,133 (70 ) 2,007 Intangibles and Other Assets: Investments in subsidiaries 1,697 7,067 8,326 1,697 — (18,787 ) — Goodwill — — — 3,824 1,366 — 5,190 Brands — — — 4,405 485 — 4,890 Management and franchise contracts, net — — 2 645 306 — 953 Other intangible assets, net — — 1 283 149 — 433 Property and equipment, net — — 20 67 266 — 353 Deferred income tax assets 6 — 104 — 127 (126 ) 111 Other — 20 32 67 172 — 291 Total intangibles and other assets 1,703 7,087 8,485 10,988 2,871 (18,913 ) 12,221 TOTAL ASSETS $ 1,703 $ 7,087 $ 8,592 $ 11,825 $ 4,004 $ (18,983 ) $ 14,228 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 15 $ 20 $ 184 $ 576 $ 624 $ (3 ) $ 1,416 Current portion of deferred revenues — — 90 266 13 (3 ) 366 Intercompany payables — — 40 — — (40 ) — Current maturities of long-term debt — 32 — — 14 — 46 Income taxes payable — — — — 36 (24 ) 12 Current portion of liability for guest loyalty program — — — 622 — — 622 Total current liabilities 15 52 314 1,464 687 (70 ) 2,462 Long-term debt — 5,333 983 — 240 — 6,556 Deferred revenues — — — 770 59 — 829 Deferred income tax liabilities — 5 — 1,052 — (126 ) 931 Liability for guest loyalty program — — — 839 — — 839 Other — — 228 64 628 — 920 Total liabilities 15 5,390 1,525 4,189 1,614 (196 ) 12,537 Equity: Total Hilton stockholders' equity 1,688 1,697 7,067 7,636 2,387 (18,787 ) 1,688 Noncontrolling interests — — — — 3 — 3 Total equity 1,688 1,697 7,067 7,636 2,390 (18,787 ) 1,691 TOTAL LIABILITIES AND EQUITY $ 1,703 $ 7,087 $ 8,592 $ 11,825 $ 4,004 $ (18,983 ) $ 14,228 Year Ended December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 227 $ 1,182 $ 139 $ (18 ) $ 1,530 Base and other management fees — — 1 205 115 — 321 Incentive management fees — — — 78 157 — 235 Owned and leased hotels — — — — 1,484 — 1,484 Other revenues — — 6 81 11 — 98 — — 234 1,546 1,906 (18 ) 3,668 Other revenues from managed and franchised properties — — 245 4,376 617 — 5,238 Total revenues — — 479 5,922 2,523 (18 ) 8,906 Expenses Owned and leased hotels — — — — 1,332 — 1,332 Depreciation and amortization — — 6 237 82 — 325 General and administrative — — 323 — 130 (10 ) 443 Other expenses — — 7 22 30 (8 ) 51 — — 336 259 1,574 (18 ) 2,151 Other expenses from managed and franchised properties — — 236 4,466 621 — 5,323 Total expenses — — 572 4,725 2,195 (18 ) 7,474 Operating income (loss) — — (93 ) 1,197 328 — 1,432 Interest expense — (227 ) (106 ) — (38 ) — (371 ) Gain (loss) on foreign currency transactions — — 4 84 (99 ) — (11 ) Other non-operating income (loss), net — (9 ) 3 16 18 — 28 Income (loss) before income taxes and equity in earnings from subsidiaries — (236 ) (192 ) 1,297 209 — 1,078 Income tax benefit (expense) — 57 39 (309 ) (96 ) — (309 ) Income (loss) before equity in earnings from subsidiaries — (179 ) (153 ) 988 113 — 769 Equity in earnings from subsidiaries 764 943 1,096 764 — (3,567 ) — Net income 764 764 943 1,752 113 (3,567 ) 769 Net income attributable to noncontrolling interests — — — — (5 ) — (5 ) Net income attributable to Hilton stockholders $ 764 $ 764 $ 943 $ 1,752 $ 108 $ (3,567 ) $ 764 Comprehensive income $ 707 $ 784 $ 932 $ 1,751 $ 48 $ (3,510 ) $ 712 Comprehensive income attributable to noncontrolling interests — — — — (5 ) — (5 ) Comprehensive income attributable to Hilton stockholders $ 707 $ 784 $ 932 $ 1,751 $ 43 $ (3,510 ) $ 707 Year Ended December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 143 $ 1,077 $ 118 $ (17 ) $ 1,321 Base and other management fees — — 1 195 128 — 324 Incentive management fees — — — 76 146 — 222 Owned and leased hotels — — — — 1,432 — 1,432 Other revenues — — 31 70 11 (7 ) 105 — — 175 1,418 1,835 (24 ) 3,404 Other revenues from managed and franchised properties — — 159 3,986 582 — 4,727 Total revenues — — 334 5,404 2,417 (24 ) 8,131 Expenses Owned and leased hotels — — — — 1,269 — 1,269 Depreciation and amortization — — 5 242 89 — 336 General and administrative — — 327 — 118 (6 ) 439 Other expenses — — 17 29 27 (17 ) 56 — — 349 271 1,503 (23 ) 2,100 Other expenses from managed and franchised properties — — 147 4,147 605 — 4,899 Total expenses — — 496 4,418 2,108 (23 ) 6,999 Gain (loss) on sales of assets, net — — — (1 ) 1 — — Operating income (loss) — — (162 ) 985 310 (1 ) 1,132 Interest expense — (244 ) (61 ) — (47 ) 1 (351 ) Gain (loss) on foreign currency transactions — — 10 124 (131 ) — 3 Loss on debt extinguishment — (60 ) — — — — (60 ) Other non-operating income (loss), net — (3 ) 4 7 21 — 29 Income (loss) before income taxes and equity in earnings from subsidiaries — (307 ) (209 ) 1,116 153 — 753 Income tax benefit (expense) (3 ) 122 26 89 102 — 336 Income (loss) before equity in earnings from subsidiaries (3 ) (185 ) (183 ) 1,205 255 — 1,089 Equity in earnings from subsidiaries 1,087 1,272 1,455 1,087 — (4,901 ) — Net income 1,084 1,087 1,272 2,292 255 (4,901 ) 1,089 Net income attributable to noncontrolling interests — — — — (5 ) — (5 ) Net income attributable to Hilton stockholders $ 1,084 $ 1,087 $ 1,272 $ 2,292 $ 250 $ (4,901 ) $ 1,084 Comprehensive income $ 1,281 $ 1,101 $ 1,288 $ 2,295 $ 419 $ (5,098 ) $ 1,286 Comprehensive income attributable to noncontrolling interests — — — — (5 ) — (5 ) Comprehensive income attributable to Hilton stockholders $ 1,281 $ 1,101 $ 1,288 $ 2,295 $ 414 $ (5,098 ) $ 1,281 Year Ended December 31, 2016 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 21 $ 974 $ 106 $ (10 ) $ 1,091 Base and other management fees — — — 122 108 — 230 Incentive management fees — — — 16 126 — 142 Owned and leased hotels — — — — 1,434 — 1,434 Other revenues — — 10 61 11 — 82 — — 31 1,173 1,785 (10 ) 2,979 Other revenues from managed and franchised properties — — 32 3,053 512 — 3,597 Total revenues — — 63 4,226 2,297 (10 ) 6,576 Expenses Owned and leased hotels — — — — 1,279 — 1,279 Depreciation and amortization — — 1 266 86 — 353 General and administrative — — 90 203 116 — 409 Other expenses — — 1 31 44 (10 ) 66 — — 92 500 1,525 (10 ) 2,107 Other expenses from managed and franchised properties — — 32 3,083 494 — 3,609 Total expenses — — 124 3,583 2,019 (10 ) 5,716 Gain on sales of assets, net — — — — 8 — 8 Operating income (loss) — — (61 ) 643 286 — 868 Interest expense — (261 ) (14 ) (12 ) (47 ) — (334 ) Gain (loss) on foreign currency transactions — — 11 (150 ) 123 — (16 ) Other non-operating income, net — 1 1 7 13 — 22 Income (loss) from continuing operations before income taxes and equity in losses from subsidiaries — (260 ) (63 ) 488 375 — 540 Income tax benefit (expense) 193 100 26 (297 ) (579 ) — (557 ) Income (loss) from continuing operations before equity in losses from subsidiaries 193 (160 ) (37 ) 191 (204 ) — (17 ) Equity in losses from subsidiaries (220 ) (60 ) (23 ) (220 ) — 523 — Loss from continuing operations, net of taxes (27 ) (220 ) (60 ) (29 ) (204 ) 523 (17 ) Income from discontinued operations, net of taxes 365 365 365 426 375 (1,525 ) 371 Net income 338 145 305 397 171 (1,002 ) 354 Net income attributable to noncontrolling interests — — — — (16 ) — (16 ) Net income attributable to Hilton stockholders $ 338 $ 145 $ 305 $ 397 $ 155 $ (1,002 ) $ 338 Comprehensive income $ 121 $ 143 $ 310 $ 326 $ 21 $ (785 ) $ 136 Comprehensive income attributable to noncontrolling interests — — — — (15 ) — (15 ) Comprehensive income attributable to Hilton stockholders $ 121 $ 143 $ 310 $ 326 $ 6 $ (785 ) $ 121 Year Ended December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (185 ) $ (8 ) $ 1,267 $ 181 $ — $ 1,255 Investing Activities: Capital expenditures for property and equipment — — (9 ) (7 ) (56 ) — (72 ) Payments received on other financing receivables — — — 49 1 — 50 Capitalized software costs — — — (87 ) — — (87 ) Other — — — (6 ) (16 ) — (22 ) Net cash used in investing activities — — (9 ) (51 ) (71 ) — (131 ) Financing Activities: Borrowings — 175 1,500 — 1 — 1,676 Repayment of debt — (985 ) — — (20 ) — (1,005 ) Debt issuance costs — — (21 ) — — — (21 ) Intercompany transfers 1,902 995 (1,444 ) (1,209 ) (244 ) — — Dividends paid (181 ) — — — — — (181 ) Repurchases of common stock (1,721 ) — — — — — (1,721 ) Distributions to noncontrolling interests — — — — (1 ) — (1 ) Tax withholdings on share-based compensation — — (44 ) — — — (44 ) Acquisition of noncontrolling interest — — — (3 ) — — (3 ) Net cash provided by (used in) financing activities — 185 (9 ) (1,212 ) (264 ) — (1,300 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (10 ) — (10 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — (26 ) 4 (164 ) — (186 ) Cash, restricted cash and cash equivalents, beginning of period — — 63 28 579 — 670 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 32 $ 415 $ — $ 484 Year Ended December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (113 ) $ (103 ) $ 950 $ 285 $ (170 ) $ 849 Investing Activities: Capital expenditures for property and equipment — — (12 ) (12 ) (34 ) — (58 ) Payments received on other financing receivables — — — 7 — — 7 Capitalized software costs — — — (75 ) — — (75 ) Other — (13 ) — (8 ) 3 (3 ) (21 ) Net cash used in investing activities — (13 ) (12 ) (88 ) (31 ) (3 ) (147 ) Financing Activities: Borrowings — 1,822 — — 2 — 1,824 Repayment of debt — (1,852 ) — — (8 ) — (1,860 ) Debt issuance costs and redemption premium — (69 ) — — — — (69 ) Repayment of intercompany borrowings — — (3 ) — — 3 — Intercompany transfers 1,086 225 122 (865 ) (568 ) — — Dividends paid (195 ) — — — — — (195 ) Intercompany dividends — — — — (170 ) 170 — Cash transferred in spin-offs of Park and HGV — — — — (501 ) — (501 ) Repurchases of common stock (891 ) — — — — — (891 ) Distributions to noncontrolling interests — — — — (1 ) — (1 ) Tax withholdings on share-based compensation — — (31 ) — — — (31 ) Net cash provided by (used in) financing activities — 126 88 (865 ) (1,246 ) 173 (1,724 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — 8 — 8 Net decrease in cash, restricted cash and cash equivalents — — (27 ) (3 ) (984 ) — (1,014 ) Cash, restricted cash and cash equivalents from continuing operations, beginning of period — — 90 31 1,062 — 1,183 Cash, restricted cash and cash equivalents from discontinued operations, beginning of period — — — — 501 — 501 Cash, restricted cash and cash equivalents, beginning of period — — 90 31 1,563 — 1,684 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 63 $ 28 $ 579 $ — $ 670 Year Ended December 31, 2016 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (37 ) $ — $ 866 $ 1,086 $ (605 ) $ 1,310 Investing Activities: Capital expenditures for property and equipment — — — (9 ) (308 ) — (317 ) Payments received on other financing receivables — — — 2 1 — 3 Issuance of intercompany receivables — — — (192 ) (42 ) 234 — Payments received on intercompany receivables — — — 192 — (192 ) — Capitalized software costs — — — (73 ) (8 ) — (81 ) Other — (6 ) — (37 ) 15 — (28 ) Net cash used in investing activities — (6 ) — (117 ) (342 ) 42 (423 ) Financing Activities: Borrowings — — 1,000 — 3,715 — 4,715 Repayment of debt — (266 ) — — (4,093 ) — (4,359 ) Debt issuance costs — (17 ) (20 ) — (39 ) — (76 ) Intercompany borrowings — — — 42 192 (234 ) — Repayment of intercompany borrowings — — — — (192 ) 192 — Intercompany transfers 277 326 (890 ) (854 ) 1,141 — — Dividends paid (277 ) — — — — — (277 ) Intercompany dividends — — — — (605 ) 605 — Distributions to noncontrolling interests — — — — (32 ) — (32 ) Tax withholdings on share-based compensation — — — (15 ) — — (15 ) Net cash provided by (used in) financing activities — 43 90 (827 ) 87 563 (44 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (15 ) — (15 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — 90 (78 ) 816 — 828 Cash, restricted cash and cash equivalents from continuing operations, beginning of period — — — 109 524 — 633 Cash, restricted cash and cash equivalents from discontinued operations, beginning of period — — — — 223 — 223 Cash, restricted cash and cash equivalents, beginning of period — — — 109 747 — 856 Cash, restricted cash and cash equivalents from continuing operations, end of period — — 90 31 1,062 — 1,183 Cash, restricted cash and cash equivalents from discontinued operations, end of period — — — — 501 — 501 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 90 $ 31 $ 1,563 $ — $ 1,684 | | |
Condensed Balance Sheet [Table Text Block] | June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 23 $ 609 $ — $ 635 Restricted cash and cash equivalents — — 34 16 33 — 83 Accounts receivable, net — — 14 852 324 — 1,190 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 16 48 55 (2 ) 117 Other — 1 1 48 147 (7 ) 190 Total current assets — 1 68 987 1,208 (49 ) 2,215 Intangibles and Other Assets: Investments in subsidiaries 2 4,113 7,850 2 — (11,967 ) — Goodwill — — — 3,824 1,333 — 5,157 Brands — — — 4,405 469 — 4,874 Management and franchise contracts, net — — 1 502 314 — 817 Other intangible assets, net — — — 279 121 — 400 Operating lease right-of-use assets — — 36 10 845 — 891 Property and equipment, net — — 61 67 290 — 418 Deferred income tax assets 4 7 86 — 146 (97 ) 146 Other — 12 31 17 162 — 222 Total intangibles and other assets 6 4,132 8,065 9,106 3,680 (12,064 ) 12,925 TOTAL ASSETS $ 6 $ 4,133 $ 8,133 $ 10,093 $ 4,888 $ (12,113 ) $ 15,140 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts payable, accrued expenses and other $ 36 $ 20 $ 201 $ 664 $ 743 $ (7 ) $ 1,657 Current maturities of long-term debt — — 20 — 17 — 37 Current portion of deferred revenues — — 47 241 12 (2 ) 298 Intercompany payables — — 40 — — (40 ) — Current portion of liability for guest loyalty program — — — 788 — — 788 Total current liabilities 36 20 308 1,693 772 (49 ) 2,780 Long-term debt — 4,076 3,473 — 223 — 7,772 Operating lease liabilities — — 43 8 1,015 — 1,066 Deferred revenues — — — 754 68 — 822 Deferred income tax liabilities — — — 958 — (97 ) 861 Liability for guest loyalty program — — — 986 — — 986 Other — 35 196 94 551 — 876 Total liabilities 36 4,131 4,020 4,493 2,629 (146 ) 15,163 Equity (Deficit): Total Hilton stockholders' equity (deficit) (30 ) 2 4,113 5,600 2,252 (11,967 ) (30 ) Noncontrolling interests — — — — 7 — 7 Total equity (deficit) (30 ) 2 4,113 5,600 2,259 (11,967 ) (23 ) TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 6 $ 4,133 $ 8,133 $ 10,093 $ 4,888 $ (12,113 ) $ 15,140 December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 17 $ 383 $ — $ 403 Restricted cash and cash equivalents — — 34 15 32 — 81 Accounts receivable, net — — 10 735 405 — 1,150 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 52 37 80 (9 ) 160 Other — 1 1 36 154 (3 ) 189 Total current assets — 1 100 840 1,094 (52 ) 1,983 Intangibles and Other Assets: Investments in subsidiaries 557 5,131 7,930 557 — (14,175 ) — Goodwill — — — 3,824 1,336 — 5,160 Brands — — — 4,404 465 — 4,869 Management and franchise contracts, net — — — 556 316 — 872 Other intangible assets, net — — — 287 128 — 415 Property and equipment, net — — 27 65 275 — 367 Deferred income tax assets 4 — 94 — 90 (98 ) 90 Other — 23 33 22 161 — 239 Total intangibles and other assets 561 5,154 8,084 9,715 2,771 (14,273 ) 12,012 TOTAL ASSETS $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 10 $ 19 $ 229 $ 529 $ 765 $ (3 ) $ 1,549 Current maturities of long-term debt — — — — 16 — 16 Current portion of deferred revenues — — 106 239 14 (9 ) 350 Intercompany payables — — 40 — — (40 ) — Current portion of liability for guest loyalty program — — — 700 — — 700 Total current liabilities 10 19 375 1,468 795 (52 ) 2,615 Long-term debt — 4,573 2,467 — 226 — 7,266 Deferred revenues — — — 762 64 — 826 Deferred income tax liabilities — 6 — 962 28 (98 ) 898 Liability for guest loyalty program — — — 969 — — 969 Other — — 211 93 559 — 863 Total liabilities 10 4,598 3,053 4,254 1,672 (150 ) 13,437 Equity: Total Hilton stockholders' equity 551 557 5,131 6,301 2,186 (14,175 ) 551 Noncontrolling interests — — — — 7 — 7 Total equity 551 557 5,131 6,301 2,193 (14,175 ) 558 TOTAL LIABILITIES AND EQUITY $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 | The following tables present the condensed consolidating financial information as of December 31, 2018 and 2017 and for the years ended December 31, 2018 , 2017 and 2016 , for the Parent, HWF Issuers, HOC, Guarantors and Non-Guarantors. December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 3 $ 17 $ 383 $ — $ 403 Restricted cash and cash equivalents — — 34 15 32 — 81 Accounts receivable, net — — 10 735 405 — 1,150 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 52 37 80 (9 ) 160 Income taxes receivable — — — 23 — (3 ) 20 Other — 1 1 13 154 — 169 Total current assets — 1 100 840 1,094 (52 ) 1,983 Intangibles and Other Assets: Investments in subsidiaries 557 5,131 7,930 557 — (14,175 ) — Goodwill — — — 3,824 1,336 — 5,160 Brands — — — 4,404 465 — 4,869 Management and franchise contracts, net — — — 556 316 — 872 Other intangible assets, net — — — 287 128 — 415 Property and equipment, net — — 27 65 275 — 367 Deferred income tax assets 4 — 94 — 90 (98 ) 90 Other — 23 33 22 161 — 239 Total intangibles and other assets 561 5,154 8,084 9,715 2,771 (14,273 ) 12,012 TOTAL ASSETS $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 10 $ 19 $ 229 $ 529 $ 743 $ — $ 1,530 Current portion of deferred revenues — — 106 239 14 (9 ) 350 Intercompany payables — — 40 — — (40 ) — Current maturities of long-term debt — — — — 16 — 16 Income taxes payable — — — — 22 (3 ) 19 Current portion of liability for guest loyalty program — — — 700 — — 700 Total current liabilities 10 19 375 1,468 795 (52 ) 2,615 Long-term debt — 4,573 2,467 — 226 — 7,266 Deferred revenues — — — 762 64 — 826 Deferred income tax liabilities — 6 — 962 28 (98 ) 898 Liability for guest loyalty program — — — 969 — — 969 Other — — 211 93 559 — 863 Total liabilities 10 4,598 3,053 4,254 1,672 (150 ) 13,437 Equity: Total Hilton stockholders' equity 551 557 5,131 6,301 2,186 (14,175 ) 551 Noncontrolling interests — — — — 7 — 7 Total equity 551 557 5,131 6,301 2,193 (14,175 ) 558 TOTAL LIABILITIES AND EQUITY $ 561 $ 5,155 $ 8,184 $ 10,555 $ 3,865 $ (14,325 ) $ 13,995 | December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) ASSETS Current Assets: Cash and cash equivalents $ — $ — $ 2 $ 18 $ 550 $ — $ 570 Restricted cash and cash equivalents — — 61 10 29 — 100 Accounts receivable, net — — 18 712 275 — 1,005 Intercompany receivables — — — — 40 (40 ) — Prepaid expenses — — 25 24 84 (6 ) 127 Income taxes receivable — — — 60 — (24 ) 36 Other — — 1 13 155 — 169 Total current assets — — 107 837 1,133 (70 ) 2,007 Intangibles and Other Assets: Investments in subsidiaries 1,697 7,067 8,326 1,697 — (18,787 ) — Goodwill — — — 3,824 1,366 — 5,190 Brands — — — 4,405 485 — 4,890 Management and franchise contracts, net — — 2 645 306 — 953 Other intangible assets, net — — 1 283 149 — 433 Property and equipment, net — — 20 67 266 — 353 Deferred income tax assets 6 — 104 — 127 (126 ) 111 Other — 20 32 67 172 — 291 Total intangibles and other assets 1,703 7,087 8,485 10,988 2,871 (18,913 ) 12,221 TOTAL ASSETS $ 1,703 $ 7,087 $ 8,592 $ 11,825 $ 4,004 $ (18,983 ) $ 14,228 LIABILITIES AND EQUITY Current Liabilities: Accounts payable, accrued expenses and other $ 15 $ 20 $ 184 $ 576 $ 624 $ (3 ) $ 1,416 Current portion of deferred revenues — — 90 266 13 (3 ) 366 Intercompany payables — — 40 — — (40 ) — Current maturities of long-term debt — 32 — — 14 — 46 Income taxes payable — — — — 36 (24 ) 12 Current portion of liability for guest loyalty program — — — 622 — — 622 Total current liabilities 15 52 314 1,464 687 (70 ) 2,462 Long-term debt — 5,333 983 — 240 — 6,556 Deferred revenues — — — 770 59 — 829 Deferred income tax liabilities — 5 — 1,052 — (126 ) 931 Liability for guest loyalty program — — — 839 — — 839 Other — — 228 64 628 — 920 Total liabilities 15 5,390 1,525 4,189 1,614 (196 ) 12,537 Equity: Total Hilton stockholders' equity 1,688 1,697 7,067 7,636 2,387 (18,787 ) 1,688 Noncontrolling interests — — — — 3 — 3 Total equity 1,688 1,697 7,067 7,636 2,390 (18,787 ) 1,691 TOTAL LIABILITIES AND EQUITY $ 1,703 $ 7,087 $ 8,592 $ 11,825 $ 4,004 $ (18,983 ) $ 14,228 | |
Condensed Statement of Income and Comprehensive Income [Table Text Block] | Three Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 69 $ 338 $ 41 $ (4 ) $ 444 Base and other management fees — — — 57 32 — 89 Incentive management fees — — — 21 37 — 58 Owned and leased hotels — — — — 387 — 387 Other revenues — — 1 20 5 — 26 — — 70 436 502 (4 ) 1,004 Other revenues from managed and franchised properties — — 81 1,247 152 — 1,480 Total revenues — — 151 1,683 654 (4 ) 2,484 Expenses Owned and leased hotels — — — — 334 — 334 Depreciation and amortization — — 1 63 22 — 86 General and administrative — — 89 — 31 (7 ) 113 Other expenses — — 3 2 7 3 15 — — 93 65 394 (4 ) 548 Other expenses from managed and franchised properties — — 87 1,224 147 — 1,458 Total expenses — — 180 1,289 541 (4 ) 2,006 Operating income (loss) — — (29 ) 394 113 — 478 Interest expense — (52 ) (33 ) — (16 ) — (101 ) Gain (loss) on foreign currency transactions — — (1 ) (9 ) 7 — (3 ) Other non-operating income (loss), net — (9 ) — (5 ) 2 — (12 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (61 ) (63 ) 380 106 — 362 Income tax benefit (expense) — 15 14 (94 ) (36 ) — (101 ) Income (loss) before equity in earnings from subsidiaries — (46 ) (49 ) 286 70 — 261 Equity in earnings from subsidiaries 260 306 355 260 — (1,181 ) — Net income 260 260 306 546 70 (1,181 ) 261 Net income attributable to noncontrolling interests — — — — (1 ) — (1 ) Net income attributable to Hilton stockholders $ 260 $ 260 $ 306 $ 546 $ 69 $ (1,181 ) $ 260 Comprehensive income $ 252 $ 235 $ 308 $ 546 $ 85 $ (1,173 ) $ 253 Comprehensive income attributable to noncontrolling interests — — — — (1 ) — (1 ) Comprehensive income attributable to Hilton stockholders $ 252 $ 235 $ 308 $ 546 $ 84 $ (1,173 ) $ 252 Three Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 50 $ 322 $ 36 $ (4 ) $ 404 Base and other management fees — — 1 55 28 — 84 Incentive management fees — — — 22 37 — 59 Owned and leased hotels — — — — 392 — 392 Other revenues — — 1 17 3 1 22 — — 52 416 496 (3 ) 961 Other revenues from managed and franchised properties — — 62 1,110 158 — 1,330 Total revenues — — 114 1,526 654 (3 ) 2,291 Expenses Owned and leased hotels — — — — 352 — 352 Depreciation and amortization — — 2 58 19 — 79 General and administrative — — 83 — 32 — 115 Other expenses — — 2 8 6 (4 ) 12 — — 87 66 409 (4 ) 558 Other expenses from managed and franchised properties — — 62 1,114 151 — 1,327 Total expenses — — 149 1,180 560 (4 ) 1,885 Operating income (loss) — — (35 ) 346 94 1 406 Interest expense — (57 ) (31 ) — (9 ) 2 (95 ) Gain (loss) on foreign currency transactions — — 6 (89 ) 71 — (12 ) Other non-operating income (loss), net — (7 ) 1 4 4 (3 ) (1 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (64 ) (59 ) 261 160 — 298 Income tax benefit (expense) — 16 14 (61 ) (50 ) — (81 ) Income (loss) before equity in earnings from subsidiaries — (48 ) (45 ) 200 110 — 217 Equity in earnings from subsidiaries 217 265 310 217 — (1,009 ) — Net income 217 217 265 417 110 (1,009 ) 217 Net income attributable to noncontrolling interests — — — — — — — Net income attributable to Hilton stockholders $ 217 $ 217 $ 265 $ 417 $ 110 $ (1,009 ) $ 217 Comprehensive income $ 155 $ 227 $ 266 $ 416 $ 38 $ (947 ) $ 155 Comprehensive income attributable to noncontrolling interests — — — — — — — Comprehensive income attributable to Hilton stockholders $ 155 $ 227 $ 266 $ 416 $ 38 $ (947 ) $ 155 Six Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 130 $ 632 $ 73 $ (9 ) $ 826 Base and other management fees — — — 109 60 — 169 Incentive management fees — — — 44 69 — 113 Owned and leased hotels — — — — 699 — 699 Other revenues — — 1 43 8 — 52 — — 131 828 909 (9 ) 1,859 Other revenues from managed and franchised properties — — 156 2,386 287 — 2,829 Total revenues — — 287 3,214 1,196 (9 ) 4,688 Expenses Owned and leased hotels — — — — 632 — 632 Depreciation and amortization — — 3 125 42 — 170 General and administrative — — 171 — 62 (13 ) 220 Other expenses — — 4 10 17 4 35 — — 178 135 753 (9 ) 1,057 Other expenses from managed and franchised properties — — 159 2,402 280 — 2,841 Total expenses — — 337 2,537 1,033 (9 ) 3,898 Operating income (loss) — — (50 ) 677 163 — 790 Interest expense — (103 ) (68 ) — (28 ) — (199 ) Gain (loss) on foreign currency transactions — — 1 (27 ) 23 — (3 ) Other non-operating income (loss), net — (9 ) — (5 ) 6 — (8 ) Income (loss) before income taxes and equity in earnings from subsidiaries — (112 ) (117 ) 645 164 — 580 Income tax benefit (expense) — 27 27 (159 ) (55 ) — (160 ) Income (loss) before equity in earnings from subsidiaries — (85 ) (90 ) 486 109 — 420 Equity in earnings from subsidiaries 418 503 593 418 — (1,932 ) — Net income 418 418 503 904 109 (1,932 ) 420 Net income attributable to noncontrolling interests — — — — (2 ) — (2 ) Net income attributable to Hilton stockholders $ 418 $ 418 $ 503 $ 904 $ 107 $ (1,932 ) $ 418 Comprehensive income $ 394 $ 378 $ 506 $ 904 $ 122 $ (1,908 ) $ 396 Comprehensive income attributable to noncontrolling interests — — — — (2 ) — (2 ) Comprehensive income attributable to Hilton stockholders $ 394 $ 378 $ 506 $ 904 $ 120 $ (1,908 ) $ 394 Six Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 94 $ 584 $ 65 $ (8 ) $ 735 Base and other management fees — — 1 106 54 — 161 Incentive management fees — — — 43 71 — 114 Owned and leased hotels — — — — 726 — 726 Other revenues — — 3 41 5 (4 ) 45 — — 98 774 921 (12 ) 1,781 Other revenues from managed and franchised properties — — 106 2,180 298 — 2,584 Total revenues — — 204 2,954 1,219 (12 ) 4,365 Expenses Owned and leased hotels — — — — 672 — 672 Depreciation and amortization — — 3 118 40 — 161 General and administrative — — 156 — 67 (4 ) 219 Other expenses — — 4 15 15 (8 ) 26 — — 163 133 794 (12 ) 1,078 Other expenses from managed and franchised properties — — 108 2,198 296 — 2,602 Total expenses — — 271 2,331 1,090 (12 ) 3,680 Operating income (loss) — — (67 ) 623 129 — 685 Interest expense — (118 ) (44 ) — (19 ) 3 (178 ) Gain (loss) on foreign currency transactions — — 3 (81 ) 77 — (1 ) Other non-operating income (loss), net — (7 ) 4 12 7 (3 ) 13 Income (loss) before income taxes and equity in earnings from subsidiaries — (125 ) (104 ) 554 194 — 519 Income tax benefit (expense) — 31 27 (134 ) (63 ) — (139 ) Income (loss) before equity in earnings from subsidiaries — (94 ) (77 ) 420 131 — 380 Equity in earnings from subsidiaries 378 472 549 378 — (1,777 ) — Net income 378 378 472 798 131 (1,777 ) 380 Net income attributable to noncontrolling interests — — — — (2 ) — (2 ) Net income attributable to Hilton stockholders $ 378 $ 378 $ 472 $ 798 $ 129 $ (1,777 ) $ 378 Comprehensive income $ 377 $ 417 $ 473 $ 798 $ 90 $ (1,776 ) $ 379 Comprehensive income attributable to noncontrolling interests — — — — (2 ) — (2 ) Comprehensive income attributable to Hilton stockholders $ 377 $ 417 $ 473 $ 798 $ 88 $ (1,776 ) $ 377 | Year Ended December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 227 $ 1,182 $ 139 $ (18 ) $ 1,530 Base and other management fees — — 1 205 115 — 321 Incentive management fees — — — 78 157 — 235 Owned and leased hotels — — — — 1,484 — 1,484 Other revenues — — 6 81 11 — 98 — — 234 1,546 1,906 (18 ) 3,668 Other revenues from managed and franchised properties — — 245 4,376 617 — 5,238 Total revenues — — 479 5,922 2,523 (18 ) 8,906 Expenses Owned and leased hotels — — — — 1,332 — 1,332 Depreciation and amortization — — 6 237 82 — 325 General and administrative — — 323 — 130 (10 ) 443 Other expenses — — 7 22 30 (8 ) 51 — — 336 259 1,574 (18 ) 2,151 Other expenses from managed and franchised properties — — 236 4,466 621 — 5,323 Total expenses — — 572 4,725 2,195 (18 ) 7,474 Operating income (loss) — — (93 ) 1,197 328 — 1,432 Interest expense — (227 ) (106 ) — (38 ) — (371 ) Gain (loss) on foreign currency transactions — — 4 84 (99 ) — (11 ) Other non-operating income (loss), net — (9 ) 3 16 18 — 28 Income (loss) before income taxes and equity in earnings from subsidiaries — (236 ) (192 ) 1,297 209 — 1,078 Income tax benefit (expense) — 57 39 (309 ) (96 ) — (309 ) Income (loss) before equity in earnings from subsidiaries — (179 ) (153 ) 988 113 — 769 Equity in earnings from subsidiaries 764 943 1,096 764 — (3,567 ) — Net income 764 764 943 1,752 113 (3,567 ) 769 Net income attributable to noncontrolling interests — — — — (5 ) — (5 ) Net income attributable to Hilton stockholders $ 764 $ 764 $ 943 $ 1,752 $ 108 $ (3,567 ) $ 764 Comprehensive income $ 707 $ 784 $ 932 $ 1,751 $ 48 $ (3,510 ) $ 712 Comprehensive income attributable to noncontrolling interests — — — — (5 ) — (5 ) Comprehensive income attributable to Hilton stockholders $ 707 $ 784 $ 932 $ 1,751 $ 43 $ (3,510 ) $ 707 | Year Ended December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 143 $ 1,077 $ 118 $ (17 ) $ 1,321 Base and other management fees — — 1 195 128 — 324 Incentive management fees — — — 76 146 — 222 Owned and leased hotels — — — — 1,432 — 1,432 Other revenues — — 31 70 11 (7 ) 105 — — 175 1,418 1,835 (24 ) 3,404 Other revenues from managed and franchised properties — — 159 3,986 582 — 4,727 Total revenues — — 334 5,404 2,417 (24 ) 8,131 Expenses Owned and leased hotels — — — — 1,269 — 1,269 Depreciation and amortization — — 5 242 89 — 336 General and administrative — — 327 — 118 (6 ) 439 Other expenses — — 17 29 27 (17 ) 56 — — 349 271 1,503 (23 ) 2,100 Other expenses from managed and franchised properties — — 147 4,147 605 — 4,899 Total expenses — — 496 4,418 2,108 (23 ) 6,999 Gain (loss) on sales of assets, net — — — (1 ) 1 — — Operating income (loss) — — (162 ) 985 310 (1 ) 1,132 Interest expense — (244 ) (61 ) — (47 ) 1 (351 ) Gain (loss) on foreign currency transactions — — 10 124 (131 ) — 3 Loss on debt extinguishment — (60 ) — — — — (60 ) Other non-operating income (loss), net — (3 ) 4 7 21 — 29 Income (loss) before income taxes and equity in earnings from subsidiaries — (307 ) (209 ) 1,116 153 — 753 Income tax benefit (expense) (3 ) 122 26 89 102 — 336 Income (loss) before equity in earnings from subsidiaries (3 ) (185 ) (183 ) 1,205 255 — 1,089 Equity in earnings from subsidiaries 1,087 1,272 1,455 1,087 — (4,901 ) — Net income 1,084 1,087 1,272 2,292 255 (4,901 ) 1,089 Net income attributable to noncontrolling interests — — — — (5 ) — (5 ) Net income attributable to Hilton stockholders $ 1,084 $ 1,087 $ 1,272 $ 2,292 $ 250 $ (4,901 ) $ 1,084 Comprehensive income $ 1,281 $ 1,101 $ 1,288 $ 2,295 $ 419 $ (5,098 ) $ 1,286 Comprehensive income attributable to noncontrolling interests — — — — (5 ) — (5 ) Comprehensive income attributable to Hilton stockholders $ 1,281 $ 1,101 $ 1,288 $ 2,295 $ 414 $ (5,098 ) $ 1,281 | Year Ended December 31, 2016 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Revenues Franchise and licensing fees $ — $ — $ 21 $ 974 $ 106 $ (10 ) $ 1,091 Base and other management fees — — — 122 108 — 230 Incentive management fees — — — 16 126 — 142 Owned and leased hotels — — — — 1,434 — 1,434 Other revenues — — 10 61 11 — 82 — — 31 1,173 1,785 (10 ) 2,979 Other revenues from managed and franchised properties — — 32 3,053 512 — 3,597 Total revenues — — 63 4,226 2,297 (10 ) 6,576 Expenses Owned and leased hotels — — — — 1,279 — 1,279 Depreciation and amortization — — 1 266 86 — 353 General and administrative — — 90 203 116 — 409 Other expenses — — 1 31 44 (10 ) 66 — — 92 500 1,525 (10 ) 2,107 Other expenses from managed and franchised properties — — 32 3,083 494 — 3,609 Total expenses — — 124 3,583 2,019 (10 ) 5,716 Gain on sales of assets, net — — — — 8 — 8 Operating income (loss) — — (61 ) 643 286 — 868 Interest expense — (261 ) (14 ) (12 ) (47 ) — (334 ) Gain (loss) on foreign currency transactions — — 11 (150 ) 123 — (16 ) Other non-operating income, net — 1 1 7 13 — 22 Income (loss) from continuing operations before income taxes and equity in losses from subsidiaries — (260 ) (63 ) 488 375 — 540 Income tax benefit (expense) 193 100 26 (297 ) (579 ) — (557 ) Income (loss) from continuing operations before equity in losses from subsidiaries 193 (160 ) (37 ) 191 (204 ) — (17 ) Equity in losses from subsidiaries (220 ) (60 ) (23 ) (220 ) — 523 — Loss from continuing operations, net of taxes (27 ) (220 ) (60 ) (29 ) (204 ) 523 (17 ) Income from discontinued operations, net of taxes 365 365 365 426 375 (1,525 ) 371 Net income 338 145 305 397 171 (1,002 ) 354 Net income attributable to noncontrolling interests — — — — (16 ) — (16 ) Net income attributable to Hilton stockholders $ 338 $ 145 $ 305 $ 397 $ 155 $ (1,002 ) $ 338 Comprehensive income $ 121 $ 143 $ 310 $ 326 $ 21 $ (785 ) $ 136 Comprehensive income attributable to noncontrolling interests — — — — (15 ) — (15 ) Comprehensive income attributable to Hilton stockholders $ 121 $ 143 $ 310 $ 326 $ 6 $ (785 ) $ 121 |
Condensed Cash Flow Statement [Table Text Block] | Six Months Ended June 30, 2019 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (85 ) $ — $ 675 $ 75 $ (15 ) $ 650 Investing Activities: Capital expenditures for property and equipment — — (5 ) (3 ) (38 ) — (46 ) Capitalized software costs — — — (44 ) — — (44 ) Other — — — 1 (6 ) — (5 ) Net cash used in investing activities — — (5 ) (46 ) (44 ) — (95 ) Financing Activities: Borrowings — 795 1,000 — — — 1,795 Repayment of debt — (1,295 ) (14 ) — (8 ) — (1,317 ) Debt issuance costs — (13 ) (14 ) — — — (27 ) Intercompany transfers 740 598 (933 ) (622 ) 217 — — Dividends paid (87 ) — — — — — (87 ) Repurchases of common stock (653 ) — — — — — (653 ) Intercompany dividends — — — — (15 ) 15 — Share-based compensation tax withholdings and other — — (34 ) — — — (34 ) Net cash provided by (used in) financing activities — 85 5 (622 ) 194 15 (323 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — 2 — 2 Net increase in cash, restricted cash and cash equivalents — — — 7 227 — 234 Cash, restricted cash and cash equivalents, beginning of period — — 37 32 415 — 484 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 39 $ 642 $ — $ 718 Six Months Ended June 30, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (102 ) $ (8 ) $ 494 $ 148 $ — $ 532 Investing Activities: Capital expenditures for property and equipment — — (4 ) (1 ) (23 ) — (28 ) Capitalized software costs — — — (38 ) — — (38 ) Other — — — (3 ) (6 ) — (9 ) Net cash used in investing activities — — (4 ) (42 ) (29 ) — (75 ) Financing Activities: Borrowings — 150 1,500 — — — 1,650 Repayment of debt — (660 ) — — (12 ) — (672 ) Debt issuance costs — — (21 ) — — — (21 ) Intercompany transfers 1,531 612 (1,451 ) (450 ) (242 ) — — Dividends paid (92 ) — — — — — (92 ) Repurchases of common stock (1,439 ) — — — — — (1,439 ) Share-based compensation tax withholdings and other — — (42 ) — — — (42 ) Net cash provided by (used in) financing activities — 102 (14 ) (450 ) (254 ) — (616 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (6 ) — (6 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — (26 ) 2 (141 ) — (165 ) Cash, restricted cash and cash equivalents, beginning of period — — 63 28 579 — 670 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 30 $ 438 $ — $ 505 | Year Ended December 31, 2018 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (185 ) $ (8 ) $ 1,267 $ 181 $ — $ 1,255 Investing Activities: Capital expenditures for property and equipment — — (9 ) (7 ) (56 ) — (72 ) Payments received on other financing receivables — — — 49 1 — 50 Capitalized software costs — — — (87 ) — — (87 ) Other — — — (6 ) (16 ) — (22 ) Net cash used in investing activities — — (9 ) (51 ) (71 ) — (131 ) Financing Activities: Borrowings — 175 1,500 — 1 — 1,676 Repayment of debt — (985 ) — — (20 ) — (1,005 ) Debt issuance costs — — (21 ) — — — (21 ) Intercompany transfers 1,902 995 (1,444 ) (1,209 ) (244 ) — — Dividends paid (181 ) — — — — — (181 ) Repurchases of common stock (1,721 ) — — — — — (1,721 ) Distributions to noncontrolling interests — — — — (1 ) — (1 ) Tax withholdings on share-based compensation — — (44 ) — — — (44 ) Acquisition of noncontrolling interest — — — (3 ) — — (3 ) Net cash provided by (used in) financing activities — 185 (9 ) (1,212 ) (264 ) — (1,300 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (10 ) — (10 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — (26 ) 4 (164 ) — (186 ) Cash, restricted cash and cash equivalents, beginning of period — — 63 28 579 — 670 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 37 $ 32 $ 415 $ — $ 484 | | Year Ended December 31, 2017 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (113 ) $ (103 ) $ 950 $ 285 $ (170 ) $ 849 Investing Activities: Capital expenditures for property and equipment — — (12 ) (12 ) (34 ) — (58 ) Payments received on other financing receivables — — — 7 — — 7 Capitalized software costs — — — (75 ) — — (75 ) Other — (13 ) — (8 ) 3 (3 ) (21 ) Net cash used in investing activities — (13 ) (12 ) (88 ) (31 ) (3 ) (147 ) Financing Activities: Borrowings — 1,822 — — 2 — 1,824 Repayment of debt — (1,852 ) — — (8 ) — (1,860 ) Debt issuance costs and redemption premium — (69 ) — — — — (69 ) Repayment of intercompany borrowings — — (3 ) — — 3 — Intercompany transfers 1,086 225 122 (865 ) (568 ) — — Dividends paid (195 ) — — — — — (195 ) Intercompany dividends — — — — (170 ) 170 — Cash transferred in spin-offs of Park and HGV — — — — (501 ) — (501 ) Repurchases of common stock (891 ) — — — — — (891 ) Distributions to noncontrolling interests — — — — (1 ) — (1 ) Tax withholdings on share-based compensation — — (31 ) — — — (31 ) Net cash provided by (used in) financing activities — 126 88 (865 ) (1,246 ) 173 (1,724 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — 8 — 8 Net decrease in cash, restricted cash and cash equivalents — — (27 ) (3 ) (984 ) — (1,014 ) Cash, restricted cash and cash equivalents from continuing operations, beginning of period — — 90 31 1,062 — 1,183 Cash, restricted cash and cash equivalents from discontinued operations, beginning of period — — — — 501 — 501 Cash, restricted cash and cash equivalents, beginning of period — — 90 31 1,563 — 1,684 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 63 $ 28 $ 579 $ — $ 670 Year Ended December 31, 2016 Parent HWF Issuers HOC Guarantors Non-Guarantors Eliminations Total (in millions) Operating Activities: Net cash provided by (used in) operating activities $ — $ (37 ) $ — $ 866 $ 1,086 $ (605 ) $ 1,310 Investing Activities: Capital expenditures for property and equipment — — — (9 ) (308 ) — (317 ) Payments received on other financing receivables — — — 2 1 — 3 Issuance of intercompany receivables — — — (192 ) (42 ) 234 — Payments received on intercompany receivables — — — 192 — (192 ) — Capitalized software costs — — — (73 ) (8 ) — (81 ) Other — (6 ) — (37 ) 15 — (28 ) Net cash used in investing activities — (6 ) — (117 ) (342 ) 42 (423 ) Financing Activities: Borrowings — — 1,000 — 3,715 — 4,715 Repayment of debt — (266 ) — — (4,093 ) — (4,359 ) Debt issuance costs — (17 ) (20 ) — (39 ) — (76 ) Intercompany borrowings — — — 42 192 (234 ) — Repayment of intercompany borrowings — — — — (192 ) 192 — Intercompany transfers 277 326 (890 ) (854 ) 1,141 — — Dividends paid (277 ) — — — — — (277 ) Intercompany dividends — — — — (605 ) 605 — Distributions to noncontrolling interests — — — — (32 ) — (32 ) Tax withholdings on share-based compensation — — — (15 ) — — (15 ) Net cash provided by (used in) financing activities — 43 90 (827 ) 87 563 (44 ) Effect of exchange rate changes on cash, restricted cash and cash equivalents — — — — (15 ) — (15 ) Net increase (decrease) in cash, restricted cash and cash equivalents — — 90 (78 ) 816 — 828 Cash, restricted cash and cash equivalents from continuing operations, beginning of period — — — 109 524 — 633 Cash, restricted cash and cash equivalents from discontinued operations, beginning of period — — — — 223 — 223 Cash, restricted cash and cash equivalents, beginning of period — — — 109 747 — 856 Cash, restricted cash and cash equivalents from continuing operations, end of period — — 90 31 1,062 — 1,183 Cash, restricted cash and cash equivalents from discontinued operations, end of period — — — — 501 — 501 Cash, restricted cash and cash equivalents, end of period $ — $ — $ 90 $ 31 $ 1,563 $ — $ 1,684 |