Wyndham Hotels & Resorts (WH) 10-Q 29 Apr 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2021shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Entity File Number	001-38432
Entity Registrant Name	Wyndham Hotels & Resorts, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3356232
Entity Address, Address Line One	22 Sylvan Way
Entity Address, City or Town	Parsippany,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	973
Local Phone Number	753-6000
Title of 12(b) Security	Common Stock
Trading Symbol	WH
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	93,398,800
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001722684
Amendment Flag	false
Document Fiscal Year Focus	2021

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net revenues
Net revenues	$ 303	$ 410
Expenses
Operating	27	35
General and administrative	24	28
Depreciation and amortization	24	25
Restructuring	0	13
Transaction-related, net	0	8
Separation-Related Charges	2	1
Total expenses	240	354
Operating income	63	56
Interest expense, net	28	25
Income before income taxes	35	31
Provision for income taxes	11	9
Net income	$ 24	$ 22
Earnings per share
Basic (in usd per share)	$ 0.26	$ 0.23
Diluted (in usd per share)	$ 0.26	$ 0.23
Royalties and franchise fees
Net revenues
Net revenues	$ 78	$ 92
Marketing, reservation and loyalty
Net revenues
Net revenues	85	106
Expenses
Cost of revenues	92	118
Management and other fees
Net revenues
Net revenues	19	32
License and other fees
Net revenues
Net revenues	20	21
Cost reimbursements
Net revenues
Net revenues	71	126
Expenses
Cost of revenues	71	126
Other
Net revenues
Net revenues	$ 30	$ 33

Condensed Consolidated and Co_2

Condensed Consolidated and Combined Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 24	$ 22
Other comprehensive income/(loss), net of tax
Foreign currency translation adjustments	0	(3)
Unrealized gains/(losses) on cash flow hedges	14	(36)
Other comprehensive income/(loss), net of tax	14	(39)
Comprehensive income/(loss)	$ 38	$ (17)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 531	$ 493
Trade receivables, net	274	295
Prepaid expenses	52	45
Other current assets	54	67
Total current assets	911	900
Property and equipment, net	268	278
Goodwill	1,525	1,525
Other non-current assets	231	226
Total assets	4,640	4,644
Current liabilities:
Current portion of long-term debt	516	21
Accounts payable	27	28
Deferred revenues	78	71
Accrued expenses and other current liabilities	203	226
Total current liabilities	824	346
Long-term debt	2,076	2,576
Deferred income taxes	364	359
Deferred revenues	160	158
Other non-current liabilities	225	242
Total liabilities	3,649	3,681
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.01 par value, authorized 6.0 shares, none issued and outstanding	0	0
Common stock, $0.01 par value, authorized 600.0 shares, 101.1 and 100.8 issued and outstanding at March 31, 2021 and December 31, 2020	1	1
Treasury stock, at cost – 7.7 shares at March 31, 2021 and December 31, 2020	(408)	(408)
Additional paid-in capital	1,508	1,504
Accumulated deficit	(72)	(82)
Accumulated other comprehensive loss	(38)	(52)
Total stockholders’ equity	991	963
Total liabilities and stockholders' equity	$ 4,640	$ 4,644
Treasury stock, shares (in shares)	7.7	7.7
Trademarks, net
Current assets:
Intangible assets, net	$ 1,202	$ 1,203
Franchise agreements and other intangibles, net
Current assets:
Intangible assets, net	$ 503	$ 512

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	6,000,000	6,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	600,000,000	600,000,000
Common stock, shares issued (in shares)	101,100,000	100,800,000
Common stock, shares outstanding (in shares)	101,100,000	100,800,000
Treasury stock, shares (in shares)	7,700,000	7,700,000

Condensed Consolidated and Co_3

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities
Net income	$ 24	$ 22
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization	24	25
Provision for doubtful accounts	11	12
Deferred income taxes	1	2
Stock-based compensation	5	4
Net change in assets and liabilities:
Trade receivables	10	(17)
Prepaid expenses	(7)	(6)
Other current assets	13	(8)
Accounts payable, accrued expenses and other current liabilities	(24)	(14)
Deferred revenues	9	(2)
Payments of development advance notes	(8)	(3)
Other, net	6	2
Net cash provided by operating activities	64	17
Investing activities
Property and equipment additions	(5)	(7)
Net cash used in investing activities	(5)	(7)
Financing activities
Proceeds from borrowings	0	744
Principal payments on long-term debt	(4)	(14)
Dividends to shareholders	(15)	(30)
Repurchases of common stock	0	(50)
Net share settlement of incentive equity awards	(5)	(2)
Other, net	3	(1)
Net cash (used in)/provided by financing activities	(21)	647
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	0	(2)
Net increase in cash, cash equivalents and restricted cash	38	655
Cash, cash equivalents and restricted cash, beginning of period	493	94
Cash, cash equivalents and restricted cash, end of period	$ 531	$ 749

Condensed Consolidated and Co_4

Condensed Consolidated and Combined Statements of Equity (Unaudited) - USD ($)	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance, shares at Dec. 31, 2019		94,000,000
Balance as of beginning of period, value at Dec. 31, 2019	$ 1,212,000,000	$ 1,000,000	$ (363,000,000)	$ 1,488,000,000	$ 113,000,000	$ (27,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,000,000
Period change	(39,000,000)
Dividends	$ (30,000,000)				(30,000,000)
Repurchase of common stock (shares)	(1,000,000)
Repurchase of common stock	$ (45,000,000)		(45,000,000)
Net share settlement of incentive equity awards	(2,000,000)			(2,000,000)
Change in deferred compensation	4,000,000			4,000,000
Beginning balance, shares at Dec. 31, 2020		93,000,000
Balance as of beginning of period, value at Dec. 31, 2020	963,000,000	$ 1,000,000	$ (408,000,000)	1,504,000,000	(82,000,000)	(52,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,000,000
Period change	14,000,000					$ 14,000,000
Exercise of stock options	4,000,000			$ 4,000,000
Other	1,000,000				$ 1,000,000
Balance as of end of period, value at Mar. 31, 2021	$ 991,000,000

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION Wyndham Hotels & Resorts, Inc. (collectively with its consolidated subsidiaries, “Wyndham Hotels” or the “Company”) is a leading global hotel franchisor, licensing its renowned hotel brands to hotel owners in nearly 95 countries around the world. The Condensed Consolidated Financial Statements have been prepared on a stand-alone basis. The Condensed Consolidated Financial Statements include Wyndham Hotels’ assets, liabilities, revenues, expenses and cash flows and all entities in which Wyndham Hotels has a controlling financial interest. The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany balances and transactions have been eliminated in the Condensed Consolidated Financial Statements. In presenting the Condensed Consolidated Financial Statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These Condensed Consolidated Financial Statements should be read in conjunction with the Company’s 2020 Consolidated and Combined Financial Statements included in its most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and any subsequent reports filed with the SEC. Business description Wyndham Hotels operates in the following segments: • Hotel Franchising — licenses the Company’s lodging brands and provides related services to third-party hotel owners and others. • Hotel Management — provides hotel management services for full-service and limited-service hotels as well as two hotels that are owned by the Company.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	2. NEW ACCOUNTING PRONOUNCEMENTS Recently adopted accounting pronouncements Simplifying the Accounting for Income Taxes. On December 18, 2019, the Financial Accounting Standards Board (“FASB”) issued guidance which simplifies the accounting standards for income taxes. The amendment clarifies and simplifies aspects of the accounting for income taxes to help promote consistent application of U.S. GAAP by eliminating certain exceptions to the general principles of ASC 740, Income Taxes . This guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years, with early adoption permitted. The Company adopted the guidance on January 1, 2021, as required. There was no material impact on the Company's Condensed Consolidated Financial Statements and related disclosures as a result of adopting this new standard.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	3. REVENUE RECOGNITION Deferred revenues Deferred revenues, or contract liabilities, generally represent payments or consideration received in advance for goods or services that the Company has not yet provided to the customer. Deferred revenues as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 Deferred initial franchise fee revenues $ 140 $ 136 Deferred loyalty program revenues 75 75 Deferred co-branded credit card program revenues 5 — Deferred other revenues 18 18 Total $ 238 $ 229 Deferred initial franchise fees represent payments received in advance from prospective franchisees upon the signing of a franchise agreement and are generally recognized to revenue within 12 years. Deferred loyalty revenues represent the portion of loyalty program fees charged to franchisees, net of redemption costs, that have been deferred and will be recognized over time based upon loyalty point redemption patterns. Deferred co-branded credit card program revenue represents payments received in advance from the Company’s co-branded credit card partners, primarily for card member activity, which is typically recognized within one year. Performance obligations A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. The consideration received from a customer is allocated to each distinct performance obligation and recognized as revenue when, or as, each performance obligation is satisfied. The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below: 4/1/2021 - 3/31/2022 4/1/2022 - 3/31/2023 4/1/2023 - 3/31/2024 Thereafter Total Initial franchise fee revenues $ 22 $ 9 $ 8 $ 101 $ 140 Loyalty program revenues 41 23 9 2 75 Co-branded credit card program revenues 5 — — — 5 Other revenues 10 1 1 6 18 Total $ 78 $ 33 $ 18 $ 109 $ 238 Disaggregation of net revenues The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and products for each of the Company’s segments: Three Months Ended March 31, 2021 2020 Hotel Franchising Royalties and franchise fees $ 75 $ 84 Marketing, reservation and loyalty 85 106 License and other fees 20 21 Other 29 32 Total Hotel Franchising 209 243 Hotel Management Royalties and franchise fees 3 8 Owned hotel revenues 13 22 Management fees 6 10 Cost reimbursements 71 126 Other 1 1 Total Hotel Management 94 167 Net revenues $ 303 $ 410 Capitalized contract costs

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	4. EARNINGS PER SHARE The computation of basic and diluted earnings per share (“EPS”) is based on net income divided by the basic weighted average number of common shares and diluted weighted average number of common shares, respectively. The following table sets forth the computation of basic and diluted EPS (in millions, except per share data): Three Months Ended March 31, 2021 2020 Net income $ 24 $ 22 Basic weighted average shares outstanding 93.4 93.7 Stock options and restricted stock units (“RSUs”) 0.4 0.2 Diluted weighted average shares outstanding 93.8 93.9 Earnings per share: Basic $ 0.26 $ 0.23 Diluted 0.26 0.23 Dividends: Cash dividends declared per share $ 0.16 $ 0.32 Aggregate dividends paid to shareholders $ 15 $ 30 Stock repurchase program The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data): Shares Cost Average Price Per Share As of December 31, 2020 7.7 $ 408 $ 53.43 For the three months ended March 31, 2021 — — — As of March 31, 2021 7.7 $ 408 $ 53.43 The Company had $191 million of remaining availability under its program as of March 31, 2021. On March 17, 2020, the Company suspended its share repurchase activity and as a condition of the April 2020 amendment to its revolving credit agreement, the Company was restricted from repurchasing shares of its stock until the waiver amendment expired on April 1, 2021 unless the Company elected to terminate the amendment earlier, which it did not.

Accounts Receivable Accounts Re

Accounts Receivable Accounts Receivable	3 Months Ended
	Mar. 31, 2021
Credit Loss [Abstract]
Accounts Receivable	5. ACCOUNTS RECEIVABLE Allowance for doubtful accounts The Company generates trade receivables in the ordinary course of its business and provides for estimated bad debts on such receivables. The Company adopted the new accounting guidance, ASU 2016-13, Measurement of Credit Losses on Financial Instruments on January 1, 2020. As a result of adopting the new guidance, the Company recorded a $10 million (net of a $2 million income tax benefit) cumulative effect adjustment to retained earnings at January 1, 2020. The following table sets forth the activity in the Company's allowance for doubtful accounts on trade accounts receivables for the three months ended: 2021 2020 Balance as of January 1, $ 72 $ 47 Cumulative effect of change in accounting standard — 12 Provision for doubtful accounts 11 12 Bad debt write-offs (4) (13) Balance as of March 31, $ 79 $ 58

Long-Lived Assets

Long-Lived Assets	3 Months Ended
	Mar. 31, 2021
Long-Lived Assets [Abstract]
Long-Lived Assets	6. LONG-LIVED ASSETS Property, plant and equipment As a result of the continuing impact of COVID-19 on the Company’s results, the Company evaluated the recoverability of its net property, plant and equipment associated with its two owned hotels for impairment in the first quarter of 2021 and believes that it is more likely than not that the carrying value of those assets are recoverable from future expected cash flows, on an undiscounted basis, from such assets. Although the Company believes that it is more likely than not that the carrying values of its net property, plant and equipment for its two owned hotels are not impaired, the impact of COVID-19 and the ultimate duration remains highly uncertain. Should the current effects of COVID-19 persist for a prolonged duration, the Company's results of operations may continue to be negatively impacted and the property, plant and equipment associated with its owned hotels may be exposed to impairment. Property, plant and equipment, net as of March 31, 2021 and December 31, 2020 was $268 million and $278 million, respectively. Intangible assets Goodwill The Company evaluates the carrying value of its goodwill in each of its reporting units (i) hotel franchising, (ii) hotel management and (iii) owned hotels, compared to their respective estimated fair values on an annual basis during the fourth quarter of every year, or more frequently if circumstances indicate that the fair value of goodwill may be impaired, to the reporting units’ carrying values as required by guidance. The Company performed its annual impairment assessment of its goodwill as of October 1, 2020 and determined that no impairments existed and that the fair value of its hotel franchising and hotel management reporting units substantially exceeded its carrying value. During 2020, the Company incurred a charge to fully write-down the goodwill balance for its owned hotel reporting unit. As a result of the continuing impact which COVID-19 is having on the hospitality industry, the Company performed a qualitative assessment of its remaining goodwill for its hotel franchising and hotel management reporting units as of March 31, 2021. Through such assessments, the Company determined that it is more likely than not that the fair value of its hotel franchising and hotel management reporting units continues to significantly exceed their carrying values. Other Intangibles As a result of the continuing impact of COVID-19 on the Company’s results, the Company evaluated the carrying value of each of its other indefinite-lived intangible assets compared to their respective estimated fair values in 2020 and the first quarter of 2021. The Company performed its annual impairment assessment of its other indefinite-lived intangible assets as of October 1, 2020 and determined that no impairments exist. Additionally, the Company performed a qualitative assessment of its other indefinite-lived intangible assets as of March 31, 2021 and determined through such assessments, that it was more likely than not that the fair value of such indefinite-lived intangible assets were in excess of their carrying values. The Company also evaluates the recoverability of each of its definite-lived intangible assets by performing a qualitative assessment to determine if circumstances indicate that impairment may have occurred in 2020 and the first quarter of 2021. The Company performed a quantitative impairment assessment for a management contract and certain franchise agreements during the fourth quarter of 2020. As a result of these assessments, the Company determined these assets were not impaired. Additionally, the Company also performed a qualitative assessment of all its definite-lived intangible assets as of March 31, 2021 and determined through such assessments, that it was more likely than not that the future expected cash flows on an undiscounted basis were in excess of the carrying value of such assets. Should the current effects of COVID-19 persist for a prolonged duration, the Company's results of operations may continue to be negatively impacted and its intangible assets within its hotel franchising and hotel management reporting units may be exposed to future impairments. To the extent estimated market-based valuation multiples and/or discounted cash flows are revised downward, the Company may be required to write-down all or a portion of its remaining goodwill, trademarks, franchise agreements and management contracts, which would adversely impact earnings. Intangible assets as of March 31, 2021 and December 31, 2020 consisted of the following: March 31, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Goodwill $ 1,539 $ 14 $ 1,525 $ 1,539 $ 14 $ 1,525 March 31, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Unamortized intangible assets: Trademarks $ 1,201 $ 1,202 Amortized intangible assets: Franchise agreements $ 895 $ 493 $ 402 $ 895 $ 487 $ 408 Management agreements 136 35 101 136 33 103 Trademarks 2 1 1 2 1 1 Other 1 1 — 1 — 1 $ 1,034 $ 530 $ 504 $ 1,034 $ 521 $ 513

Franchising, Marketing and Rese

Franchising, Marketing and Reservation Activities	3 Months Ended
	Mar. 31, 2021
Franchisors [Abstract]
Franchising and Marketing and Reservation Activities	7. FRANCHISING, MARKETING AND RESERVATION ACTIVITIES Royalties and franchise fee revenues on the Condensed Consolidated Statements of Income include initial franchise fees of $3 million for the three months ended March 31, 2021 and 2020. In accordance with its franchise agreements, generally the Company is contractually obligated to expend the marketing and reservation fees it collects from franchisees for the operation of an international, centralized, brand-specific reservation system and for marketing purposes such as advertising, promotional and co-marketing programs, and training for the respective franchisees. Development advance notes The Company may, at its discretion, provide development advance notes to certain franchisees or hotel owners in order to assist them in converting to one of its brands, in building a new hotel to be flagged under one of its brands or in assisting in other franchisee expansion efforts. Provided the franchisee/hotel owner is in compliance with the terms of the franchise/management agreement, all or a portion of the development advance notes may be forgiven by the Company over the period of the franchise/management agreement, which typically ranges from 10 to 20 years. Otherwise, the related principal is due and payable to the Company. In certain instances, the Company may earn interest on unpaid franchisee development advance notes. The Company recorded the following related to development advance notes on the Condensed Consolidated Financial Statements: Condensed Consolidated Balance Sheets: March 31, 2021 December 31, 2020 Development advance notes (a) $ 95 $ 92 _____________________ (a) Included within other non-current assets. Condensed Consolidated Statements of Income: Three Months Ended March 31, 2021 2020 Forgiveness of notes (a) $ 2 $ 2 Bad debt expense related to notes — 1 ______________________ (a) Amounts are recorded as a reduction of royalties and franchise fees and marketing, reservation and loyalty revenues.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	The Company files income tax returns in the U.S. federal and state jurisdictions, as well as in foreign jurisdictions. Through May 31, 2018, the Company was part of a consolidated U.S. federal income tax return and consolidated and combined state returns with Wyndham Worldwide (“former Parent”). The Company is no longer subject to U.S. federal income tax examinations for years prior to 2015. The Company is no longer subject to state and local, or foreign, income tax examinations for years prior to 2010. The Company received income tax refunds, net of payments, of $1 million and made cash income tax payments, net of refunds, of $3 million for the three months ended March 31, 2021 and 2020, respectively. The Company’s effective tax rates were 31.4% and 29.0% during the three months ended March 31, 2021 and 2020, respectively. The increase was primarily related to remeasurement of net deferred tax liabilities as a result of changes in certain state tax rates and non-deductible separation costs, partially offset by a reduction in foreign taxes. La Quinta Holdings, Inc. (“LQ”) and then affiliated entities in existence prior to their acquisition by the Company are currently under audit by the Internal Revenue Service (“IRS”) for tax years ended December 31, 2010 to December 31, 2016. The IRS has proposed adjustments for tax years 2010 to 2013 relating to entities that remain with CorePoint Lodging, Inc. (“CorePoint”). CorePoint has responded to the IRS, disagreeing with their proposed adjustments, and the matter was transferred to the IRS Appeals office. These proposed adjustments to the tax returns filed for these CorePoint entities, if the IRS prevails, could result in a material impact on the Company as a result of a reduction to tax attributes utilized in tax years 2014 to 2016. As part of the LQ acquisition, CorePoint has agreed to indemnify the Company for any obligations and expenses arising from any adjustments made in connection with tax years 2010 to 2013 IRS audits, including any amounts owed by LQ with respect to subsequent taxable years as a result of the disallowance of net operating losses or other tax attributes and any legal and accounting defense expenses that arise. The Company currently has not recorded a liability for tax, penalty, or interest related to the proposed adjustments as CorePoint has concluded that the positions reported on their tax returns under audit by the IRS are more-likely-than-not to be sustained based on their technical merits.

Long-Term Debt and Borrowing Ar

Long-Term Debt and Borrowing Arrangements	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt and Borrowing Arrangements	9. LONG-TERM DEBT AND BORROWING ARRANGEMENTS The Company’s indebtedness consisted of: March 31, 2021 December 31, 2020 Long-term debt: (a) Amount Weighted Average Rate (b) Amount Weighted Average Rate (b) $750 million revolving credit facility (due May 2023) $ — $ — Term loan (due May 2025) 1,550 3.16% 1,554 3.18% 5.375% senior unsecured notes (due April 2026) (c) 496 5.38% 496 5.38% 4.375% senior unsecured notes (due August 2028) 492 4.38% 492 4.38% Finance leases 54 4.50% 55 4.50% Total long-term debt 2,592 2,597 Less: Current portion of long-term debt 516 21 Long-term debt $ 2,076 $ 2,576 ______________________ (a) The carrying amount of the term loan and senior unsecured notes are net of deferred debt issuance costs of $21 million and $22 million as of March 31, 2021 and December 31, 2020, respectively. (b) Weighted average interest rates are based on period-end balances, including the effects from hedging. (c) These notes were redeemed by the Company on April 15, 2021 and therefore are classified as current debt as of March 31, 2021. See Note 17 - Subsequent Event for more information. Maturities and capacity The Company’s outstanding debt as of March 31, 2021 matures as follows: Long-Term Debt Within 1 year (a) $ 516 Between 1 and 2 years 21 Between 2 and 3 years 22 Between 3 and 4 years 22 Between 4 and 5 years 1,493 Thereafter 518 Total $ 2,592 ______________________ (a) Includes the 5.375% senior unsecured notes due 2026, which the Company redeemed on April 15, 2021. As of March 31, 2021, the available capacity under the Company’s revolving credit facility was as follows: Revolving Credit Facility Total capacity $ 750 Less: Letters of credit 15 Available capacity $ 735 Deferred debt issuance costs The Company classifies deferred debt issuance costs related to its revolving credit facility within other non-current assets on the Condensed Consolidated Balance Sheets. Such deferred debt issuance costs were $4 million as of March 31, 2021 and December 31, 2020. Cash flow hedge In 2018, the Company hedged a portion of its $1.6 billion term loan. As of March 31, 2021, the pay-fixed/receive-variable interest rate swaps hedge $1.1 billion of the Company’s term loan interest rate exposure, of which $600 million expires in the second quarter of 2024 and has a weighted average fixed rate of 2.53% and $500 million expires in the fourth quarter of 2024 and has a weighted average fixed rate of 1.25%. The variable rates of the swap agreements are based on one-month LIBOR. The aggregate fair value of these interest rate swaps was a liability of $52 million and $71 million as of March 31, 2021 and December 31, 2020, respectively, which was included within other non-current liabilities on the Condensed Consolidated Balance Sheets. The effect of interest rate swaps on interest expense, net on the Condensed Consolidated Statements of Income was $6 million and $2 million of expense for the three months ended March 31, 2021 and 2020, respectively. There was no hedging ineffectiveness recognized in the three months ended March 31, 2021 and 2020. The Company expects to reclassify approximately $26 million of losses from accumulated other comprehensive income (“AOCI”) (loss) to interest expense during the next 12 months. Interest expense, net The Company incurred net interest expense of $28 million and $25 million for the three months ended March 31, 2021 and 2020, respectively. Cash paid related to such interest was $26 million and $17 million for the three months ended March 31, 2021 and 2020, respectively.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value	10. FAIR VALUE The Company measures its financial assets and liabilities at fair value on a recurring basis and utilizes the fair value hierarchy to determine such fair values. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value driver is observable. Level 3: Unobservable inputs used when little or no market data is available. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement falls has been determined based on the lowest level input (closest to Level 3) that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange or in an over-the-counter market. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques, as appropriate. The carrying amounts of cash and cash equivalents, trade receivables, accounts payable and accrued expenses and other current liabilities approximate fair value due to the short-term maturities of these assets and liabilities. The carrying amounts and estimated fair values of all other financial instruments are as follows: March 31, 2021 Carrying Amount Estimated Fair Value Debt $ 2,592 $ 2,618 The Company estimates the fair value of its debt using Level 2 inputs based on indicative bids from investment banks or quoted market prices with the exception of finance leases, which are estimated at carrying value. Financial instruments Changes in interest rates and foreign exchange rates expose the Company to market risk. The Company uses cash flow hedges as part of its overall strategy to manage its exposure to market risks associated with fluctuations in interest rates and foreign currency exchange rates. As a matter of policy, the Company only enters into transactions that it believes will be highly effective at offsetting the underlying risk, and it does not use derivatives for trading or speculative purposes. The Company estimates the fair value of its derivatives using Level 2 inputs. Interest rate risk A portion of debt used to finance the Company’s operations is exposed to interest rate fluctuations. The Company uses various hedging strategies and derivative financial instruments to create a desired mix of fixed and floating rate assets and liabilities. Derivative instruments currently used in these hedging strategies include interest rate swaps. The derivatives used to manage the risk associated with the Company’s floating rate debt are derivatives designated as cash flow hedges. See Note 9 - Long-Term Debt and Borrowing Arrangements for the impact of such cash flow hedges. Foreign currency risk The Company has foreign currency rate exposure to exchange rate fluctuations worldwide, particularly with respect to the Canadian Dollar, the Chinese Yuan, the Euro, the British Pound, the Brazilian Real and the Argentine Peso. The Company uses foreign currency forward contracts at various times to manage and reduce the foreign currency exchange rate risk associated with its foreign currency denominated receivables and payables, forecasted royalties and forecasted earnings and cash flows of foreign subsidiaries and other transactions. The Company recognized gains of $2 million and losses of $2 million in income from freestanding foreign currency exchange contracts during the three months ended March 31, 2021 and 2020, respectively. Such gains or losses are included in operating expenses in the Condensed Consolidated Statements of Income. The Company accounts for Argentina as a highly inflationary economy. Foreign currency exchange losses related to Argentina were $1 million during the three months ended March 31, 2021 and were not material during the three months ended March 31, 2020. Such losses are included in operating expenses in the Condensed Consolidated Statements of Income. Credit risk and exposure The Company is exposed to counterparty credit risk in the event of nonperformance by counterparties to various agreements and sales transactions. The Company manages such risk by evaluating the financial position and creditworthiness of such counterparties and often by requiring collateral in instances in which financing is provided. The Company mitigates counterparty credit risk associated with its derivative contracts by monitoring the amounts at risk with each counterparty to such contracts, periodically evaluating counterparty creditworthiness and financial position, and where possible, dispersing its risk among multiple counterparties.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. COMMITMENTS AND CONTINGENCIES Litigation The Company is involved, at times, in claims, legal and regulatory proceedings and governmental inquiries arising in the ordinary course of its business, including but not limited to: breach of contract, fraud and bad faith claims with franchisees in connection with franchise agreements and with owners in connection with management contracts, as well as negligence, breach of contract, fraud, employment, consumer protection and other statutory claims asserted in connection with alleged acts or occurrences at owned, franchised or managed properties or in relation to guest reservations and bookings. The Company may also at times be involved in claims, legal and regulatory proceedings and governmental inquiries relating to bankruptcy proceedings involving efforts to collect receivables from a debtor in bankruptcy, employment matters, claims of infringement upon third parties’ intellectual property rights, claims relating to information security, privacy and consumer protection, fiduciary duty/trust claims, tax claims, environmental claims and landlord/tenant disputes. Along with many of its competitors, the Company and/or certain of its subsidiaries have been named as defendants in litigation matters filed in state and federal courts, alleging statutory and common law claims related to purported incidents of sex trafficking at certain franchised and managed hotel facilities. These matters generally are in the discovery stages at this time. As of March 31, 2021, the Company is aware of approximately 40 pending cases filed naming the Company and/or subsidiaries. Based upon the status of these matters, the Company has not made a determination as to the likelihood of loss of any one of these matters and is unable to estimate a range of losses at this time. The Company records an accrual for legal contingencies when it determines, after consultation with outside counsel, that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In making such determinations, the Company evaluates, among other things, the degree of probability of an unfavorable outcome, and when it is probable that a liability has been incurred, its ability to make a reasonable estimate of loss. The Company reviews these accruals each reporting period and makes revisions based on changes in facts and circumstances, including changes to its strategy in dealing with these matters. The Company believes that it has adequately accrued for such matters with reserves of $4 million as of March 31, 2021 and December 31, 2020. The Company also had receivables of $1 million as of March 31, 2021 and immaterial receivables as of December 31, 2020, for certain matters which are covered by insurance and were included in other current assets on its Condensed Consolidated Balance Sheets. Litigation is inherently unpredictable and, although the Company believes that its accruals are adequate and/or that it has valid defenses in these matters, unfavorable results could occur. As such, an adverse outcome from such proceedings for which claims are awarded in excess of the amounts accrued, if any, could be material to the Company with respect to earnings and/or cash flows in any given reporting period. As of March 31, 2021, the potential exposure resulting from adverse outcomes of such legal proceedings could, in the aggregate, range up to approximately $6 million in excess of recorded accruals. However, the Company does not believe that the impact of such litigation will result in a material liability to the Company in relation to its combined financial position or liquidity. Guarantees Separation-related guarantees The Company assumed one-third of certain contingent and other corporate liabilities of former Parent incurred prior to the spin-off, including liabilities of former Parent related to, arising out of or resulting from certain terminated or divested businesses, certain general corporate matters of former Parent and any actions with respect to the separation plan or the distribution made or brought by any third party.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	12. STOCK-BASED COMPENSATION The Company has a stock-based compensation plan available to grant non-qualified stock options, incentive stock options, stock-settled appreciation rights (“SSARs”), RSUs, performance-vesting restricted stock units (“PSUs”) and other stock-based awards to key employees, non-employee directors, advisors and consultants. Under the Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan (“Stock Plan”), which became effective on May 14, 2018, a maximum of 10.0 million shares of common stock may be awarded. As of March 31, 2021, 5.3 million shares remained available. Incentive equity awards granted by the Company The Company's Board of Directors approved incentive equity award grants to the Company's employees in the form of RSUs, stock options and PSUs. The activity related to the Company’s incentive equity awards for the three months ended March 31, 2021 consisted of the following: RSUs PSUs Number of Weighted Number Weighted Balance as of December 31, 2020 0.9 $ 54.15 0.2 $ 52.93 Granted (a) 0.6 65.21 0.1 65.21 Vested (0.2) 53.23 — — Canceled (0.1) 56.08 — — Balance as of March 31, 2021 1.2 (b) $ 59.74 0.3 (c) $ 57.51 ______________________ (a) Represents awards granted by the Company primarily in February 2021. (b) RSUs outstanding as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $68 million, which is expected to be recognized over a weighted average period of 3.1 years. (c) PSUs outstanding as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $16 million, which may be recognized over a weighted average period of 2.0 years based on attainment of targets. The activity related to stock options granted by the Company for the three months ended March 31, 2021 consisted of the following: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2020 1.4 $ 55.57 Granted 0.1 65.21 Exercised (0.1) 54.76 Canceled — — Expired — — Outstanding as of March 31, 2021 1.4 $ 56.18 5.3 $ 18 Unvested as of March 31, 2021 0.8 (a) $ 56.05 5.3 $ 10 Exercisable as of March 31, 2021 0.6 $ 56.35 5.2 $ 8 ______________________ (a) Unvested options as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $19 million, which is expected to be recognized over a weighted average period of 2.5 years. The fair value of stock options granted by the Company during 2021 and 2020 were estimated on the date of the grant using the Black-Scholes option-pricing model with the relevant assumptions outlined in the table below. Expected volatility is based on both historical and implied volatilities of the stock for both Wyndham Hotels and comparable companies over the estimated expected life of the options. The expected life represents the period of time the options are expected to be outstanding. The risk-free interest rate is based on yields on U.S. Treasury strips with a maturity similar to the estimated expected life of the options. The projected dividend yield was based on the Company’s anticipated annual dividend divided by the price of the Company’s stock on the date of the grant. 2021 2020 Grant date fair value $19.58 $8.59 Grant date strike price $65.21 $53.40 Expected volatility 40.18% 24.30% Expected life 4.25 years 4.25 years Risk-free interest rate 0.40% 1.21% Projected dividend yield 0.98% 2.40% Stock-based compensation expense Stock-based compensation expense was $5 million and $4 million for the three months ended March 31, 2021 and 2020, respectively.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	13. SEGMENT INFORMATION The reportable segments presented below represent the Company's operating segments for which separate financial information is available and is utilized on a regular basis by its chief operating decision maker to assess performance and allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management evaluates the operating results of each of its reportable segments based upon net revenues and “adjusted EBITDA”, which is defined as net income excluding net interest expense, depreciation and amortization, impairment charges, restructuring and related charges, contract termination costs, transaction-related items (acquisition-, disposition- or separation-related), foreign currency impacts of highly inflationary countries, stock-based compensation expense, income taxes and development advance notes amortization. The Company believes that adjusted EBITDA is a useful measure of performance for its segments which, when considered with U.S. GAAP measures, allows a more complete understanding of its operating performance. The Company uses this measure internally to assess operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. The Company's presentation of adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. During the first quarter of 2021, the Company modified the definition of adjusted EBITDA to exclude the amortization of development advance notes to reflect how the Company's chief operating decision maker reviews operating performance beginning in 2021. The Company has applied the modified definition of adjusted EBITDA to all periods presented. Three Months Ended March 31, 2021 2020 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA (a) Hotel Franchising $ 209 $ 105 $ 243 $ 110 Hotel Management 94 5 167 17 Total Reportable Segments 303 110 410 127 Corporate and Other — (13) — (18) Total Company $ 303 $ 97 $ 410 $ 109 ______________________ (a) Adjusted EBITDA for 2020 has been recasted to conform with the current year presentation. The table below is a reconciliation of net income to adjusted EBITDA. Three Months Ended March 31, 2021 2020 (a) Net income $ 24 $ 22 Provision for income taxes 11 9 Depreciation and amortization 24 25 Interest expense, net 28 25 Stock-based compensation expense 5 4 Development advance notes amortization 2 2 Separation-related expenses 2 1 Restructuring costs — 13 Transaction-related expenses, net — 8 Foreign currency impact of highly inflationary countries 1 — Adjusted EBITDA $ 97 $ 109 ______________________ (a) Adjusted EBITDA for 2020 has been recasted to conform with the current year presentation.

Other Expenses and Charges

Other Expenses and Charges	3 Months Ended
	Mar. 31, 2021
Other Expenses [Abstract]
Other Expenses and Charges	14. OTHER EXPENSES AND CHARGES Restructuring The Company did not incur any restructuring charges during the three months ended March 31, 2021. The Company incurred $13 million of charges during the three months ended March 31, 2020, related to restructuring initiatives implemented in response to COVID-19. These initiatives resulted in a reduction of 262 employees and were comprised of employee separation costs. As a result, the Company recorded charges of $7 million to its Hotel Franchising segment, $5 million to its Corporate and Other segment and the remainder to its Hotel Management segment. Below is the activity for the three months ended March 31, 2021 relating to all of the 2020 restructuring plans: 2021 Activity Liability as of December 31, 2020 Cash Payments Liability as of Personnel-related $ 7 $ (4) $ 3 Facility-related 3 (1) 2 Total accrued restructuring $ 10 $ (5) $ 5 The remaining liability of $5 million as of March 31, 2020 is expected to be primarily paid by the end of 2021. Transaction-related, net Transaction-related expenses incurred by the Company were not material during the three months ended March 31, 2021 and $8 million during the three months ended March 31, 2020. These expenses were primarily related to integration activities for the acquisition of La Quinta. Separation-related

Transactions With Former Parent

Transactions With Former Parent	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Transactions With Former Parent	15. TRANSACTIONS WITH FORMER PARENT The Company has a number of arrangements with former Parent for services provided between both parties as described below. License agreement and other agreements with former Parent In connection with the Company’s spin-off, the Company and former Parent entered into long-term exclusive license agreements to retain former Parents’ affiliations with one of the hospitality industry’s top-rated loyalty programs, Wyndham Rewards, as well as to continue to collaborate on inventory-sharing and customer cross-sell initiatives. The Company recorded revenues from former Parent in the amount of $16 million and $17 million for a license, development and non-competition agreement and $2 million and $3 million for activities associated with the Wyndham Rewards program for the three months ended March 31, 2021 and 2020, respectively. The Company also recorded revenues from a former affiliate for license fees of $2 million and $1 million for the three months ended March 31, 2021 and 2020, respectively. Such fees are recorded within license and other fees on the Condensed Consolidated Statements of Income. Transfer of former Parent liabilities and issuances of guarantees to former Parent and affiliates Upon the distribution of the Company’s common stock to former Parent shareholders, the Company entered into certain guarantee commitments with former Parent. These guarantee arrangements relate to certain former Parent contingent tax and other corporate liabilities. The Company assumed and is responsible for one-third of such contingent liabilities while former Parent is responsible for the remaining two-thirds. The amount of liabilities assumed by the Company in connection with the spin-off was $18 million as of March 31, 2021 and December 31, 2020, which were included within other non-current liabilities on its Condensed Consolidated Balance Sheets. The Company also had a $3 million liability due to former Parent which was included within accrued expenses and other current liabilities on its Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020. In addition, the Company had $2 million and $4 million of receivables due from former Parent as of March 31, 2021 and December 31, 2020, respectively, which were included within current assets on its Condensed Consolidated Balance Sheets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	16. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The components of AOCI are as follows: Net of Tax Foreign Currency Translation Adjustments Cash Flow Hedges Accumulated Other Comprehensive Income/(Loss) Balance as of December 31, 2020 $ 2 $ (54) $ (52) Period change — 14 14 Balance as of March 31, 2021 $ 2 $ (40) $ (38) Net of Tax Balance as of December 31, 2019 $ (1) $ (26) $ (27) Period change (3) (36) (39) Balance as of March 31, 2020 $ (4) $ (62) $ (66)

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENT On April 15, 2021, the Company redeemed all of its $500 million 5.375% senior unsecured notes due 2026, which was primarily funded through cash on hand. Due to this redemption, the Company incurred an $18 million charge to interest expense in the second quarter of 2021, including $13 million of call premiums and $5 million from the acceleration of deferred financing fees. These notes were classified as current portion of long-term debt on its Condensed Consolidated Balance Sheet as of March 31, 2021.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The Condensed Consolidated Financial Statements have been prepared on a stand-alone basis. The Condensed Consolidated Financial Statements include Wyndham Hotels’ assets, liabilities, revenues, expenses and cash flows and all entities in which Wyndham Hotels has a controlling financial interest.All intercompany balances and transactions have been eliminated in the Condensed Consolidated Financial Statements.
Basis of Accounting	The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Use of Estimate	In presenting the Condensed Consolidated Financial Statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates.
Recently Issued and Adopted Accounting Pronouncements	Recently adopted accounting pronouncements Simplifying the Accounting for Income Taxes. On December 18, 2019, the Financial Accounting Standards Board (“FASB”) issued guidance which simplifies the accounting standards for income taxes. The amendment clarifies and simplifies aspects of the accounting for income taxes to help promote consistent application of U.S. GAAP by eliminating certain exceptions to the general principles of ASC 740, Income Taxes . This guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years, with early adoption permitted. The Company adopted the guidance on January 1, 2021, as required. There was no material impact on the Company's Condensed Consolidated Financial Statements and related disclosures as a result of adopting this new standard.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	Deferred revenues as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 Deferred initial franchise fee revenues $ 140 $ 136 Deferred loyalty program revenues 75 75 Deferred co-branded credit card program revenues 5 — Deferred other revenues 18 18 Total $ 238 $ 229
Schedule of Performance Obligations	The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below: 4/1/2021 - 3/31/2022 4/1/2022 - 3/31/2023 4/1/2023 - 3/31/2024 Thereafter Total Initial franchise fee revenues $ 22 $ 9 $ 8 $ 101 $ 140 Loyalty program revenues 41 23 9 2 75 Co-branded credit card program revenues 5 — — — 5 Other revenues 10 1 1 6 18 Total $ 78 $ 33 $ 18 $ 109 $ 238
Schedule of Disaggregation of Net Revenues	The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and products for each of the Company’s segments: Three Months Ended March 31, 2021 2020 Hotel Franchising Royalties and franchise fees $ 75 $ 84 Marketing, reservation and loyalty 85 106 License and other fees 20 21 Other 29 32 Total Hotel Franchising 209 243 Hotel Management Royalties and franchise fees 3 8 Owned hotel revenues 13 22 Management fees 6 10 Cost reimbursements 71 126 Other 1 1 Total Hotel Management 94 167 Net revenues $ 303 $ 410

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS	The following table sets forth the computation of basic and diluted EPS (in millions, except per share data): Three Months Ended March 31, 2021 2020 Net income $ 24 $ 22 Basic weighted average shares outstanding 93.4 93.7 Stock options and restricted stock units (“RSUs”) 0.4 0.2 Diluted weighted average shares outstanding 93.8 93.9 Earnings per share: Basic $ 0.26 $ 0.23 Diluted 0.26 0.23 Dividends: Cash dividends declared per share $ 0.16 $ 0.32 Aggregate dividends paid to shareholders $ 15 $ 30
Schedule of Stock Repurchase Activity	The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data): Shares Cost Average Price Per Share As of December 31, 2020 7.7 $ 408 $ 53.43 For the three months ended March 31, 2021 — — — As of March 31, 2021 7.7 $ 408 $ 53.43

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2021
Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss	The following table sets forth the activity in the Company's allowance for doubtful accounts on trade accounts receivables for the three months ended: 2021 2020 Balance as of January 1, $ 72 $ 47 Cumulative effect of change in accounting standard — 12 Provision for doubtful accounts 11 12 Bad debt write-offs (4) (13) Balance as of March 31, $ 79 $ 58

Long-Lived Assets (Tables)

Long-Lived Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Long-Lived Assets [Abstract]
Schedule of Intangible Assets and Goodwill	Intangible assets as of March 31, 2021 and December 31, 2020 consisted of the following: March 31, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Goodwill $ 1,539 $ 14 $ 1,525 $ 1,539 $ 14 $ 1,525 March 31, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Unamortized intangible assets: Trademarks $ 1,201 $ 1,202 Amortized intangible assets: Franchise agreements $ 895 $ 493 $ 402 $ 895 $ 487 $ 408 Management agreements 136 35 101 136 33 103 Trademarks 2 1 1 2 1 1 Other 1 1 — 1 — 1 $ 1,034 $ 530 $ 504 $ 1,034 $ 521 $ 513

Long-Term Debt and Borrowing _2

Long-Term Debt and Borrowing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Company's Indebtedness	The Company’s indebtedness consisted of: March 31, 2021 December 31, 2020 Long-term debt: (a) Amount Weighted Average Rate (b) Amount Weighted Average Rate (b) $750 million revolving credit facility (due May 2023) $ — $ — Term loan (due May 2025) 1,550 3.16% 1,554 3.18% 5.375% senior unsecured notes (due April 2026) (c) 496 5.38% 496 5.38% 4.375% senior unsecured notes (due August 2028) 492 4.38% 492 4.38% Finance leases 54 4.50% 55 4.50% Total long-term debt 2,592 2,597 Less: Current portion of long-term debt 516 21 Long-term debt $ 2,076 $ 2,576 ______________________ (a) The carrying amount of the term loan and senior unsecured notes are net of deferred debt issuance costs of $21 million and $22 million as of March 31, 2021 and December 31, 2020, respectively. (b) Weighted average interest rates are based on period-end balances, including the effects from hedging. (c) These notes were redeemed by the Company on April 15, 2021 and therefore are classified as current debt as of March 31, 2021. See Note 17 - Subsequent Event for more information.
Schedule of Outstanding Debt Maturities	The Company’s outstanding debt as of March 31, 2021 matures as follows: Long-Term Debt Within 1 year (a) $ 516 Between 1 and 2 years 21 Between 2 and 3 years 22 Between 3 and 4 years 22 Between 4 and 5 years 1,493 Thereafter 518 Total $ 2,592 ______________________ (a) Includes the 5.375% senior unsecured notes due 2026, which the Company redeemed on April 15, 2021.
Schedule of Available Capacity Under Borrowing Arrangements	As of March 31, 2021, the available capacity under the Company’s revolving credit facility was as follows: Revolving Credit Facility Total capacity $ 750 Less: Letters of credit 15 Available capacity $ 735

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of all other financial instruments are as follows: March 31, 2021 Carrying Amount Estimated Fair Value Debt $ 2,592 $ 2,618

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Activity Related to Incentive Equity Awards	The activity related to the Company’s incentive equity awards for the three months ended March 31, 2021 consisted of the following: RSUs PSUs Number of Weighted Number Weighted Balance as of December 31, 2020 0.9 $ 54.15 0.2 $ 52.93 Granted (a) 0.6 65.21 0.1 65.21 Vested (0.2) 53.23 — — Canceled (0.1) 56.08 — — Balance as of March 31, 2021 1.2 (b) $ 59.74 0.3 (c) $ 57.51 ______________________ (a) Represents awards granted by the Company primarily in February 2021. (b) RSUs outstanding as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $68 million, which is expected to be recognized over a weighted average period of 3.1 years. (c) PSUs outstanding as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $16 million, which may be recognized over a weighted average period of 2.0 years based on attainment of targets. The activity related to stock options granted by the Company for the three months ended March 31, 2021 consisted of the following: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2020 1.4 $ 55.57 Granted 0.1 65.21 Exercised (0.1) 54.76 Canceled — — Expired — — Outstanding as of March 31, 2021 1.4 $ 56.18 5.3 $ 18 Unvested as of March 31, 2021 0.8 (a) $ 56.05 5.3 $ 10 Exercisable as of March 31, 2021 0.6 $ 56.35 5.2 $ 8 ______________________ (a) Unvested options as of March 31, 2021 are expected to vest over time and have an aggregate unrecognized compensation expense of $19 million, which is expected to be recognized over a weighted average period of 2.5 years.
Schedule of Valuation Assumptions	2021 2020 Grant date fair value $19.58 $8.59 Grant date strike price $65.21 $53.40 Expected volatility 40.18% 24.30% Expected life 4.25 years 4.25 years Risk-free interest rate 0.40% 1.21% Projected dividend yield 0.98% 2.40%

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Summary of Net Revenues and Adjusted EBITDA by Segment	Three Months Ended March 31, 2021 2020 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA (a) Hotel Franchising $ 209 $ 105 $ 243 $ 110 Hotel Management 94 5 167 17 Total Reportable Segments 303 110 410 127 Corporate and Other — (13) — (18) Total Company $ 303 $ 97 $ 410 $ 109
Reconciliation of Net Income to Adjusted EBITDA	The table below is a reconciliation of net income to adjusted EBITDA. Three Months Ended March 31, 2021 2020 (a) Net income $ 24 $ 22 Provision for income taxes 11 9 Depreciation and amortization 24 25 Interest expense, net 28 25 Stock-based compensation expense 5 4 Development advance notes amortization 2 2 Separation-related expenses 2 1 Restructuring costs — 13 Transaction-related expenses, net — 8 Foreign currency impact of highly inflationary countries 1 — Adjusted EBITDA $ 97 $ 109

Other Expenses and Charges Accr

Other Expenses and Charges Accrued Restructuring Rollforward (Tables)	3 Months Ended
	Mar. 31, 2021
Other Expenses [Abstract]
Schedule of Restructuring Activities	2021 Activity Liability as of December 31, 2020 Cash Payments Liability as of Personnel-related $ 7 $ (4) $ 3 Facility-related 3 (1) 2 Total accrued restructuring $ 10 $ (5) $ 5 The remaining liability of $5 million as of March 31, 2020 is expected to be primarily paid by the end of 2021.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of AOCI are as follows: Net of Tax Foreign Currency Translation Adjustments Cash Flow Hedges Accumulated Other Comprehensive Income/(Loss) Balance as of December 31, 2020 $ 2 $ (54) $ (52) Period change — 14 14 Balance as of March 31, 2021 $ 2 $ (40) $ (38) Net of Tax Balance as of December 31, 2019 $ (1) $ (26) $ (27) Period change (3) (36) (39) Balance as of March 31, 2020 $ (4) $ (62) $ (66)

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 31, 2021hotel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries operating in (approximately)	95
Owned hotel properties	2

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Franchise agreement, revenue recognition period (within)	12 years
Co-branded credit card program, revenue recognition period (within)	1 year
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 33	$ 33
Other Current Assets
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	7	7
Other Noncurrent Assets
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 26	$ 26

Revenue Recognition (Contract L

Revenue Recognition (Contract Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 238	$ 229
Deferred initial franchise fee revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	140	136
Deferred loyalty program revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	75	75
Deferred co-branded credit card program revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	5	0
Deferred other revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 18	$ 18

Revenue Recognition (Performanc

Revenue Recognition (Performance Obligations) (Details) $ in Millions	Mar. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 78
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 22
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 41
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Co-branded credit card program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 5
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 10
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 33
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 9
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 23
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Co-branded credit card program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 18
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 8
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 9
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Co-branded credit card program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 109
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 101
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Co-branded credit card program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 6
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 238
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 140
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 75
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01 | Co-branded credit card program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 5
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 18
Remaining performance obligation, period	1 year

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of Net Revenues) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Net Revenues	$ 303	$ 410
Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	78	92
Marketing, reservation and loyalty
Disaggregation of Revenue [Line Items]
Net Revenues	85	106
Cost reimbursements
Disaggregation of Revenue [Line Items]
Net Revenues	71	126
Other
Disaggregation of Revenue [Line Items]
Net Revenues	30	33
Reportable Segments
Disaggregation of Revenue [Line Items]
Net Revenues	303	410
Reportable Segments | Hotel Franchising
Disaggregation of Revenue [Line Items]
Net Revenues	209	243
Reportable Segments | Hotel Franchising | Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	75	84
Reportable Segments | Hotel Franchising | Marketing, reservation and loyalty
Disaggregation of Revenue [Line Items]
Net Revenues	85	106
Reportable Segments | Hotel Franchising | License and other fees
Disaggregation of Revenue [Line Items]
Net Revenues	20	21
Reportable Segments | Hotel Franchising | Other
Disaggregation of Revenue [Line Items]
Net Revenues	29	32
Reportable Segments | Hotel Management
Disaggregation of Revenue [Line Items]
Net Revenues	94	167
Reportable Segments | Hotel Management | Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	3	8
Reportable Segments | Hotel Management | Owned hotel revenues
Disaggregation of Revenue [Line Items]
Net Revenues	13	22
Reportable Segments | Hotel Management | Management fees
Disaggregation of Revenue [Line Items]
Net Revenues	6	10
Reportable Segments | Hotel Management | Cost reimbursements
Disaggregation of Revenue [Line Items]
Net Revenues	71	126
Reportable Segments | Hotel Management | Other
Disaggregation of Revenue [Line Items]
Net Revenues	$ 1	$ 1

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 24	$ 24	$ 22	$ 22
Basic weighted average shares outstanding (in shares)	93.4		93.7
Stock Options and restricted stock units (RSUs) (in shares)	0.4		0.2
Diluted weighted average shares outstanding (in shares)	93.8		93.9
Earnings per share
Basic (in usd per share)	$ 0.26		$ 0.23
Diluted (in usd per share)	0.26		0.23
Cash dividends declared per share (in usd per share)	$ 0.16		$ 0.32
Dividends:
Aggregate dividends paid to shareholders	$ 15		$ 30

Earnings Per Share (Stock Repur

Earnings Per Share (Stock Repurchase Activity) (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Earnings Per Share [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 191
Shares
Treasury stock, beginning (in shares) | shares	7.7
Treasury stock, acquired (in shares) | shares	0
Treasury stock, ending (in shares) | shares	7.7
Cost
Treasury stock, cost, beginning	$ 408
Treasury stock, cost, acquired	0
Treasury stock, cost, ending	$ 408
Average Price Per Share
Treasury stock, average price per share, beginning (in usd per share) | $ / shares	$ 53.43
Treasury stock, average price per share, acquired (in usd per share) | $ / shares	0
Treasury stock, average price per share, ending (in usd per share) | $ / shares	$ 53.43

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) $ in Millions	Mar. 31, 2021USD ($)
Earnings Per Share [Abstract]
Share repurchase, remaining availability	$ 191

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts receivable, allowance for credit loss		$ 79	$ 58	$ 72	$ 47
Income tax benefit		$ 11	$ 9
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts receivable, allowance for credit loss	$ 10			$ 12
Income tax benefit	$ 2

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1,	$ 72	$ 47
Provision for doubtful accounts	11	12
Bad debt write-offs	(4)	(13)
Balance as of March 31,	79	$ 58
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1,	$ 12

Long-Lived Assets (Details)

Long-Lived Assets (Details) $ in Millions	Mar. 31, 2021USD ($)hotel	Dec. 31, 2020USD ($)
Long-Lived Assets [Abstract]
Property and equipment, net	$ 268	$ 278
Indefinite-lived Intangible Assets [Line Items]
Owned hotel properties | hotel	2
Goodwill, Gross	$ 1,539	1,539
Goodwill, Impaired, Accumulated Impairment Loss	14	14
Finite-Lived Intangible Assets, Gross	1,034	1,034
Finite-Lived Intangible Assets, Accumulated Amortization	530	521
Finite-Lived Intangible Assets, Net	504	513
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	1,201	1,202
Franchise agreements
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	895	895
Finite-Lived Intangible Assets, Accumulated Amortization	493	487
Finite-Lived Intangible Assets, Net	402	408
Management agreements
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	136	136
Finite-Lived Intangible Assets, Accumulated Amortization	35	33
Finite-Lived Intangible Assets, Net	101	103
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2	2
Finite-Lived Intangible Assets, Accumulated Amortization	1	1
Finite-Lived Intangible Assets, Net	1	1
Other
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1	1
Finite-Lived Intangible Assets, Accumulated Amortization	1	0
Finite-Lived Intangible Assets, Net	$ 0	$ 1

Franchising, Marketing and Re_2

Franchising, Marketing and Reservation Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net Revenues	$ (303)	$ (410)
Bad debt expense	0	1
Franchisees and hotel owners
Disaggregation of Revenue [Line Items]
Development advance notes	$ 95		$ 92
Minimum
Disaggregation of Revenue [Line Items]
Franchise/management agreement term	10 years
Maximum
Disaggregation of Revenue [Line Items]
Franchise/management agreement term	20 years
Initial franchise fee
Disaggregation of Revenue [Line Items]
Net Revenues	$ (3)	(3)
Forgiveness of note receivable
Disaggregation of Revenue [Line Items]
Net Revenues	$ 2	$ 2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income taxes paid, net	$ 1	$ (3)
Effective tax rate	31.40%	29.00%

Long-Term Debt and Borrowing _3

Long-Term Debt and Borrowing Arrangements (Schedule of Company's Indebtedness) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total long-term debt	$ 2,592	$ 2,597
Less: Current portion of long-term debt	516	21
Long-term debt	$ 2,076	$ 2,576
Finance leases
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4.50%	4.50%
Finance lease liabilities, noncurrent	$ 54	$ 55
$750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Maximum borrowing capacity	750
Debt issuance costs	4	4
Line of Credit | Term loan (due May 2025)
Debt Instrument [Line Items]
Long-term debt	1,550	1,554
Line of Credit | $750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0
Debt, Weighted Average Interest Rate
Long-term Debt | Term loan (due May 2025)
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	3.16%	3.18%
Senior Notes | 5.375% senior unsecured notes (due April 2026) (c)
Debt Instrument [Line Items]
Long-term debt	$ 496	$ 496
Debt, Weighted Average Interest Rate	5.38%	5.38%
Senior Notes | Senior Unsecured Notes due August 2028
Debt Instrument [Line Items]
Long-term debt	$ 492	$ 492
Debt, Weighted Average Interest Rate	4.38%	4.38%
Term loan and senior unsecured notes
Debt Instrument [Line Items]
Debt issuance costs	$ 21	$ 22

Long-Term Debt and Borrowing _4

Long-Term Debt and Borrowing Arrangements (Schedule of Outstanding Debt Maturities) (Details) $ in Millions	Mar. 31, 2021USD ($)
Debt Disclosure [Abstract]
Within 1 year (a)	$ 516
Between 1 and 2 years	21
Between 2 and 3 years	22
Between 3 and 4 years	22
Between 4 and 5 years	1,493
Thereafter	518
Total	$ 2,592

Long-Term Debt and Borrowing _5

Long-Term Debt and Borrowing Arrangements (Schedule of Available Capacity Under Borrowing Arrangements) (Details) - $750 million revolving credit facility (due May 2023) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total capacity	$ 750
Less: Letters of credit	15
Available capacity	735
Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0

Long-Term Debt and Borrowing _6

Long-Term Debt and Borrowing Arrangements (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	May 30, 2018
Debt Instrument [Line Items]
Interest rate cash flow hedge liability at fair value	$ 52,000,000		$ 71,000,000
Gain (loss) on interest rate cash flow hedge ineffectiveness	0
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	26,000,000
Interest expense, net	28,000,000	$ 25,000,000
Interest paid	26,000,000	17,000,000
Interest Rate Swap
Debt Instrument [Line Items]
Total notional amount	1,100,000,000
Interest rate cash flow hedge gain (loss) reclassified to earnings, net	(6,000,000)	$ (2,000,000)
Interest Rate Swap 1
Debt Instrument [Line Items]
Total notional amount	$ 600,000,000
Fixed interest rate on interest rate swap	2.53%
Interest Rate Swap 2
Debt Instrument [Line Items]
Total notional amount	$ 500,000,000
Fixed interest rate on interest rate swap	1.25%
Term loan (due May 2025) | Long-term Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 1,600,000,000
$750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Debt issuance costs	$ 4,000,000		$ 4,000,000

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax	$ 1	$ 0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	(2)	$ 2
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	2,592
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,618

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Loss Contingencies [Line Items]
Litigation reserves		$ 4	$ 4
Litigation receivable covered by insurance	$ 1
Maximum
Loss Contingencies [Line Items]
Range of possible loss, portion not accrued (up to)	$ 6

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	May 14, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares approved (in shares)			10
Remaining shares available (in shares)	5.3
Stock-based compensation expense	$ 5	$ 4

Stock-Based Compensation (Incen

Stock-Based Compensation (Incentive Equity Awards Activity) (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Weighted Average Grant Price
Beginning balance (in dollars per share)	$ 8.59
Ending balance (in dollars per share)	$ 19.58
RSUs
Number of RSUs
Beginning balance (in shares) | shares	0.9
Granted (in shares) | shares	0.6
Vested/exercised (in shares) | shares	(0.2)
Canceled (in shares) | shares	(0.1)
Ending balance (in shares) | shares	1.2
Weighted Average Grant Price
Beginning balance (in dollars per share)	$ 54.15
Granted (in dollars per share)	65.21
Vested/exercised (in dollars per share)	53.23
Canceled (in dollars per share)	56.08
Ending balance (in dollars per share)	$ 59.74
Weighted Average Exercise Price
Aggregate unrecognized compensation expense | $	$ 68
Compensation expense not yet recognized, weighted average period	3 years 1 month 6 days
Performance Shares
Number of RSUs
Beginning balance (in shares) | shares	0.2
Granted (in shares) | shares	0.1
Ending balance (in shares) | shares	0.3
Weighted Average Grant Price
Beginning balance (in dollars per share)	$ 52.93
Granted (in dollars per share)	65.21
Ending balance (in dollars per share)	$ 57.51
Weighted Average Exercise Price
Aggregate unrecognized compensation expense | $	$ 16
Compensation expense not yet recognized, weighted average period	2 years
Options
Number of Options
Beginning balance (in shares) | shares	1.4
Granted (in shares) | shares	0.1
Exercised (in shares) | shares	(0.1)
Forfeited (in shares) | shares	0
Expired (in shares) | shares	0
Ending balance (in shares) | shares	1.4
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 55.57
Granted (in dollars per share)	65.21
Exercised (in dollars per share)	54.76
Canceled (in dollars per share)	0
Expired (in dollars per share)	0
Ending balance (in dollars per share)	$ 56.18
Unvested options outstanding | shares	0.8
Options exercisable | shares	0.6
Unvested options weighted average exercise price (in dollars per share)	$ 56.05
Exercisable options weighted average exercise price (in dollars per share)	$ 56.35
Weighted average remaining contractual term, outstanding	5 years 3 months 18 days
Weighted average remaining contractual term, unvested	5 years 3 months 18 days
Weighted average remaining contractual term, exercisable	5 years 2 months 12 days
Aggregate Intrinsic Value, Outstanding | $	$ 18
Aggregate Intrinsic Value, Unvested | $	10
Aggregate Intrinsic Value, Exercisable | $	8
Aggregate unrecognized compensation expense | $	$ 19
Compensation expense not yet recognized, weighted average period	2 years 6 months

Stock-Based Compensation (Valua

Stock-Based Compensation (Valuation Assumptions) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Grant date fair value (in dollars per share)	$ 19.58		$ 8.59
Grant date strike price (in dollars per share)	$ 65.21		$ 53.40
Expected volatility	40.18%	24.30%
Expected life	4 years 3 months	4 years 3 months
Risk-free interest rate	0.40%	1.21%
Projected dividend yield	0.98%	2.40%

Segment Information (Summary of

Segment Information (Summary of Net Revenues and Adjusted EBITDA by Segment) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Net Revenues	$ 303	$ 410
Adjusted EBITDA	97	109
Reportable Segments
Segment Reporting Information [Line Items]
Net Revenues	303	410
Adjusted EBITDA	110	127
Reportable Segments | Hotel Franchising
Segment Reporting Information [Line Items]
Net Revenues	209	243
Adjusted EBITDA	105	110
Reportable Segments | Hotel Management
Segment Reporting Information [Line Items]
Net Revenues	94	167
Adjusted EBITDA	5	17
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Net Revenues	0	0
Adjusted EBITDA	$ (13)	$ (18)

Segment Information (Reconcilia

Segment Information (Reconciliation of Net Income to Adjusted EBITDA) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Net income	$ 24	$ 24	$ 22	$ 22
Provision for income taxes	11		9
Depreciation and amortization	24		25
Interest expense, net	28		25
Restructuring	0		13
Transaction-related expenses, net	0		8
Separation-related expenses	2		1
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax	1		0
Adjusted EBITDA	97		109
Net Revenues	(303)		(410)
Forgiveness of note receivable
Segment Reporting Information [Line Items]
Net Revenues	2		2
Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan
Segment Reporting Information [Line Items]
Stock-based compensation expense	5		4
Nonseparation related | Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ 5		$ 4

Other Expenses and Charges - Na

Other Expenses and Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 0	$ 13
Transaction-related, net	0	8
Separation-Related Charges	2	1
Separation-related expenses	$ 2	1
Hotel Franchising
Restructuring Cost and Reserve [Line Items]
Restructuring		$ 7

Other Expenses and Charges Ac_2

Other Expenses and Charges Accrued Restructuring Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Liability as of December 31, 2020	$ 10
Costs Recognized	0	$ 13
Cash Payments	(5)
Liability as of March 31, 2021	5
Employee Severance | 2020 Plans
Restructuring Cost and Reserve [Line Items]
Liability as of December 31, 2020	7
Cash Payments	(4)
Liability as of March 31, 2021	3
Facility Closing | 2020 Plans
Restructuring Cost and Reserve [Line Items]
Liability as of December 31, 2020	3
Cash Payments	(1)
Liability as of March 31, 2021	$ 2
Hotel Franchising
Restructuring Cost and Reserve [Line Items]
Costs Recognized		7
Corporate, Non-Segment
Restructuring Cost and Reserve [Line Items]
Costs Recognized		$ 5

Transactions With Former Pare_2

Transactions With Former Parent (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Other non-current liabilities
Related Party Transaction [Line Items]
Separation and distribution agreement, contingent liability assumed, remaining amount	$ 18		$ 18
Other Current Liabilities
Related Party Transaction [Line Items]
Separation and distribution agreement, contingent liability assumed, remaining amount	3		3
Other Current Assets
Related Party Transaction [Line Items]
Receivables due from former parent	2		$ 4
Affiliated Entity | Licensing Agreements
Related Party Transaction [Line Items]
Revenue from former parent	2	$ 1
Affiliated Entity | Wyndham Rewards
Related Party Transaction [Line Items]
Revenue from former parent	2	3
Wyndham Worldwide | Licensing Agreements
Related Party Transaction [Line Items]
Revenue from former parent	$ 16	$ 17

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	$ 963		$ 1,212
Balance as of beginning of period	(52)		(27)
Period change	0		(3)
Period change	14		(36)
Period change	14	$ 14	(39)	$ (39)
Balance as of end of period	(38)		(66)
Balance as of end of period, value	991	$ 991		$ 1,112
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	(54)		(26)
Balance as of end of period, value	(40)		(62)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	2		(1)
Balance as of end of period, value	$ 2		$ (4)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Apr. 15, 2021	Mar. 31, 2021	Mar. 31, 2020
Subsequent Event [Line Items]
Interest expense, net		$ 28	$ 25
Senior Unsecured Notes due August 2028 | Subsequent Event
Subsequent Event [Line Items]
Debt instrument, face amount	$ 500
Interest expense, net	18
Call premiums	13
Write off of Deferred Debt Issuance Cost	$ 5
5.375% senior unsecured notes (due April 2026) (c) | Senior Notes | Subsequent Event
Subsequent Event [Line Items]
Debt instrument, interest rate, stated percentage	5.375%

Uncategorized Items - wh-202103

Label	Element	Value
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	$ (5,000,000)
Dividends, Common Stock	us-gaap_DividendsCommonStock	15,000,000
Dividends, Common Stock	us-gaap_DividendsCommonStock	10,000,000
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	5,000,000
Treasury Stock [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(408,000,000)
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(408,000,000)
Retained Earnings, Appropriated [Member]
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	22,000,000
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	24,000,000
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(72,000,000)
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	95,000,000
Dividends, Common Stock	us-gaap_DividendsCommonStock	10,000,000
Dividends, Common Stock	us-gaap_DividendsCommonStock	15,000,000
Additional Paid-in Capital [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	1,490,000,000
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	1,508,000,000
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	(5,000,000)
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	5,000,000
Common Stock [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	1,000,000
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 1,000,000
Shares, Issued	us-gaap_SharesIssued	93,000,000
Shares, Issued	us-gaap_SharesIssued	93,000,000
AOCI Attributable to Parent [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (66,000,000)
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(38,000,000)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	$ (39,000,000)