Global Business Travel (GBTG) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 08, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-39576
Entity Registrant Name	Global Business Travel Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-0598290
Entity Address, Address Line One	666 3rd Avenue, 4th Floor
Entity Address, City or Town	New York
Entity Address State Or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	212
Local Phone Number	679-1600
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	GBTG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001820872
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		67,753,543
Class B common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		394,448,481

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 312	$ 516
Accounts receivable (net of allowances for doubtful accounts of $10 and $4 as of September 30, 2022 and December 31, 2021, respectively)	781	381
Due from affiliates	48	18
Prepaid expenses and other current assets	157	137
Total current assets	1,298	1,052
Property and equipment, net	217	216
Equity method investments	13	17
Goodwill	1,148	1,358
Other intangible assets, net	647	746
Operating lease right-of-use assets	53	59
Deferred tax assets	279	282
Other non-current assets	45	41
Total assets	3,700	3,771
Current liabilities:
Accounts payable	339	137
Due to affiliates	66	41
Accrued expenses and other current liabilities	409	519
Current portion of operating lease liabilities	18	21
Current portion of long-term debt	3	3
Total current liabilities	835	721
Long-term debt, net of unamortized debt discount and debt issuance costs	1,218	1,020
Deferred tax liabilities	11	119
Pension liabilities	253	333
Long-term operating lease liabilities	53	61
Earnouts and warrants derivative liabilities	127
Other non-current liabilities	34	23
Total liabilities	2,531	2,277
Commitments and Contingencies (see note 12)
Preferred shares (par value €0.00001; 3,000,000 shares authorized; 1,500,000 shares issued and outstanding as of December 31, 2021)		160
Stockholders' equity:
Additional paid-in capital	259	2,560
Accumulated deficit	(148)	(1,065)
Accumulated other comprehensive loss	(35)	(162)
Total equity of the Company's stockholders	76	1,333
Equity attributable to noncontrolling interest in subsidiaries	1,093	1
Total stockholders' equity	1,169	1,334
Total liabilities, preferred shares, and stockholders' equity	3,700	3,771
Voting ordinary shares
Stockholders' equity:
Shares	0	0
Non-Voting ordinary shares
Stockholders' equity:
Shares	0	0
Profit Shares
Stockholders' equity:
Shares	0	0
Class A common stock
Stockholders' equity:
Shares	0	0
Class B common stock
Stockholders' equity:
Shares	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Millions	Sep. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 € / shares
Allowances for doubtful accounts | $	$ 10	$ 4
Preferred shares, par value | € / shares			€ 0.00001
Preferred shares, shares authorized		3,000,000
Preferred shares, shares issued		1,500,000
Preferred shares, shares outstanding		1,500,000
Voting ordinary shares
Shares, par value | € / shares			0.00001
Shares authorized		40,000,000
Shares issued		36,000,000
Shares outstanding		36,000,000
Non Voting Ordinary Shares [Member]
Shares, par value | € / shares			0.00001
Shares authorized		15,000,000
Shares issued		8,413,972
Shares outstanding		8,413,972
Profit Shares
Shares, par value | € / shares			€ 0.00001
Shares authorized		800,000
Shares issued		800,000
Shares outstanding		800,000
Common Class A [Member]
Shares, par value | $ / shares	$ 0.0001
Shares authorized	3,000,000,000
Shares issued	56,945,033
Shares outstanding	56,945,033
Common Class B [Member]
Shares, par value | $ / shares	$ 0.0001
Shares authorized	3,000,000,000
Shares issued	394,448,481
Shares outstanding	394,448,481

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENT OF OPERATIONS
Revenue	$ 488	$ 197	$ 1,324	$ 476
Costs and expenses:
Cost of revenue (excluding depreciation and amortization shown separately below)	217	127	589	304
Sales and marketing	81	51	235	139
Technology and content	98	63	283	179
General and administrative	94	42	248	122
Restructuring	(2)	4	(5)	(5)
Depreciation and amortization	45	34	134	104
Total operating expenses	533	321	1,484	843
Operating loss	(45)	(124)	(160)	(367)
Interest expense	(26)	(13)	(69)	(37)
Fair value movement on earnouts and warrants derivative liabilities	(6)		30
Other (loss) income, net	(5)		(3)	5
Loss before income taxes and share of losses from equity method investments	(82)	(137)	(202)	(399)
Benefit from income taxes	10	31	39	126
Share of losses from equity method investments	(1)		(3)	(2)
Net loss	(73)	(106)	(166)	(275)
Less: net loss attributable to non-controlling interests in subsidiaries	(53)	$ (106)	(167)	$ (275)
Net (loss) income attributable to the Company's Class A common stockholders	$ (20)		$ 1
Basic (loss) earnings per share attributable to the Company's Class A common stockholders	$ (0.43)		$ 0.02
Weighted average number of shares outstanding - Basic	48,867,969		48,867,969
Diluted loss per share attributable to the Company's Class A common stockholders	$ (0.43)		$ (0.38)
Weighted average number of shares outstanding - Diluted	48,867,969		443,316,450

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Net loss	$ (73)	$ (106)	$ (166)	$ (275)
Other comprehensive (loss) income, net of tax:
Change in currency translation adjustments, net of tax	(55)	(11)	(145)	(13)
Unrealized gains on cash flow hedge, net of tax	18		31
Unrealized gains on cash flow hedge reclassed to interest expense, net of tax	(2)		(2)
Amortization of actuarial loss and prior service cost in net periodic pension cost, net of tax			1
Other comprehensive (loss) income, net of tax	(39)	(11)	(115)	(13)
Comprehensive loss	(112)	(117)	(281)	(288)
Less: Comprehensive loss attributable to non-controlling interests in subsidiaries	(87)	$ (117)	(273)	$ (288)
Comprehensive loss attributable to the Company's Class A common stockholders	$ (25)		$ (8)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities:
Net loss	$ (166)	$ (275)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	134	104
Deferred tax benefit	(41)	(126)
Equity-based compensation	23	1
Fair value movements on earnouts and warrants derivative liabilities	(30)
Other non-cash	24	(2)
Pension contributions	(25)	(18)
Proceeds from termination of interest rate swap derivative contract	23
Changes in working capital, net of effects from acquisition
Accounts receivables	(478)	(62)
Prepaid expenses and other current assets	(55)	52
Due from affiliates	(31)	4
Due to affiliates	26	5
Accounts payable, accrued expenses and other current liabilities	206	(26)
Net cash used in operating activities	(390)	(343)
Investing activities:
Purchase of property and equipment	(73)	(28)
Business acquisition, net of cash acquired		(53)
Net cash used in investing activities	(73)	(81)
Financing activities:
Proceeds from reverse recapitalization, net	269	(4)
Redemption of preference shares	(168)
Proceeds from issuance of preferred shares		150
Proceeds from senior secured term loans	200	150
Repayment of senior secured term loans	(2)	(6)
Repayment of finance lease obligations	(2)	(2)
Payment of lender fees and issuance costs for senior secured term loans facilities		(7)
Payment of deferred consideration	(4)
Capital distributions to stockholders		(1)
Net cash from financing activities	293	280
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(30)	(4)
Net decrease in cash, cash equivalents and restricted cash	(200)	(148)
Cash, cash equivalents and restricted cash, beginning of period	525	593
Cash, cash equivalents and restricted cash, end of period	325	445
Supplemental cash flow information:
Cash received for income taxes (net of payments)	(1)
Cash paid for interest (net of interest received)	66	35
Dividend accrued on preferred shares	8	5
Non-cash additions for operating lease right-of-use assets	$ 10	14
Deferred offering costs accrued		$ 8

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Cash, cash equivalents and restricted cash consist of:
Cash and cash equivalents	$ 312	$ 516
Restricted cash (included in other non-current assets)	13	9
Cash, cash equivalents and restricted cash	$ 325	$ 525

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total equity of the Company's stockholders	Common Stock Voting ordinary shares	Common Stock Non-Voting ordinary shares	Common Stock Profit Shares	Common Stock Class A common stock	Common Stock Class B common stock	Additional paid-in capital	Accumulated deficit	Accumulated Other Comprehensive Income [Member]	Equity attributable to non-controlling interest in subsidiaries	Total
Beginning balance at Dec. 31, 2020	$ 981						$ 1,752	$ (592)	$ (179)	$ 3	$ 984
Beginning balance (in shares) at Dec. 31, 2020		36,000,000	8,413,972	800,000
Other comprehensive (loss) income, net of tax	(9)								(9)		(9)
Net loss	(114)							(114)			(114)
Ending balance at Mar. 31, 2021	858						1,752	(706)	(188)	3	861
Ending balance (in shares) at Mar. 31, 2021		36,000,000	8,413,972	800,000
Beginning balance at Dec. 31, 2020	981						1,752	(592)	(179)	3	984
Beginning balance (in shares) at Dec. 31, 2020		36,000,000	8,413,972	800,000
Other comprehensive (loss) income, net of tax											(13)
Net loss											(275)
Ending balance at Sep. 30, 2021	690						1,748	(866)	(192)	2	692
Ending balance (in shares) at Sep. 30, 2021		36,000,000	8,413,972	800,000
Beginning balance at Mar. 31, 2021	858						1,752	(706)	(188)	3	861
Beginning balance (in shares) at Mar. 31, 2021		36,000,000	8,413,972	800,000
Dividend on preferred shares (see note 17)	(2)						(2)				(2)
Equity-based compensation	1						1				1
Other comprehensive (loss) income, net of tax	7								7		7
Net loss	(54)							(54)		(1)	(55)
Ending balance at Jun. 30, 2021	810						1,751	(760)	(181)	2	812
Ending balance (in shares) at Jun. 30, 2021		36,000,000	8,413,972	800,000
Dividend on preferred shares (see note 17)	(3)						(3)				(3)
Other comprehensive (loss) income, net of tax	(11)								(11)		(11)
Net loss	(106)							(106)			(106)
Ending balance at Sep. 30, 2021	690						1,748	(866)	(192)	2	692
Ending balance (in shares) at Sep. 30, 2021		36,000,000	8,413,972	800,000
Beginning balance at Dec. 31, 2021	1,333						2,560	(1,065)	(162)	1	1,334
Beginning balance (in shares) at Dec. 31, 2021		36,000,000	8,413,972	800,000
Dividend on preferred shares (see note 17)	(5)						(5)				(5)
Equity-based compensation	3						3				3
Other comprehensive (loss) income, net of tax	(7)								(7)		(7)
Net loss	(91)							(91)			(91)
Ending balance at Mar. 31, 2022	1,233						2,558	(1,156)	(169)	1	1,234
Ending balance (in shares) at Mar. 31, 2022		36,000,000	8,413,972	800,000
Beginning balance at Dec. 31, 2021	1,333						2,560	(1,065)	(162)	1	1,334
Beginning balance (in shares) at Dec. 31, 2021		36,000,000	8,413,972	800,000
Other comprehensive (loss) income, net of tax											(115)
Net loss											(166)
Other comprehensive loss, net of tax, prior to reverse recapitalization									(47)
Ending balance at Sep. 30, 2022	76						259	(148)	(35)	1,093	1,169
Ending balance (in shares) at Sep. 30, 2022					56,945,033	394,448,481
Beginning balance at Mar. 31, 2022	1,233						2,558	(1,156)	(169)	1	1,234
Beginning balance (in shares) at Mar. 31, 2022		36,000,000	8,413,972	800,000
Dividend on preferred shares (see note 17)	(3)						(3)				(3)
Equity-based compensation prior to reverse recapitalization	2						2				2
Additional shares issued to Expedia (See notes 7 and 8)	6						6				6
Additional shares issued to Expedia (See notes 7 and 8) (in shares)			59,111
Net loss prior to reverse recapitalization	(30)							(30)			(30)
Other comprehensive loss, net of tax, prior to reverse recapitalization	(40)								(40)		(40)
Reverse recapitalization, net (see note 6)	(1,102)						(2,322)	1,037	183	1,197	95
Reverse recapitalization, net (see note 6) (In shares)		(36,000,000)	(8,473,083)	(800,000)	56,945,033	394,448,481
Equity-based compensation after the reverse recapitalization	3						3				3
Net income after the reverse recapitalization	21							21		7	28
Other comprehensive loss, net of tax, after the reverse recapitalization	(4)								(4)	(25)	(29)
Ending balance at Jun. 30, 2022	86						244	(128)	(30)	1,180	1,266
Ending balance (in shares) at Jun. 30, 2022					56,945,033	394,448,481
Equity-based compensation	15						15				15
Other comprehensive (loss) income, net of tax	(5)								(5)	(34)	(39)
Net loss	(20)							(20)		(53)	(73)
Ending balance at Sep. 30, 2022	$ 76						$ 259	$ (148)	$ (35)	$ 1,093	$ 1,169
Ending balance (in shares) at Sep. 30, 2022					56,945,033	394,448,481

Business Description and Basis

Business Description and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Business Description and Basis of Presentation
Business Description and Basis of Presentation	(1) Business Description and Basis of Presentation Global Business Travel Group, Inc. (“GBTG”), and its consolidated subsidiaries, including GBT JerseyCo Limited, (“GBT JerseyCo”, and all together the “Company”) is a leading platform serving travel primarily for business purposes and provides a full suite of differentiated, technology-enabled solutions to business travelers and clients, suppliers of travel content (such as airlines, hotels, ground transportation and aggregators) and third-party travel agencies. The Company manages end-to-end logistics of business travel and provides a link between businesses and their employees, travel suppliers, and other industry participants. On December 2, 2021, GBT JerseyCo entered into a business combination agreement (“Business Combination Agreement”) with Apollo Strategic Growth Capital (“APSG”), a special purpose acquisition company, listed on the New York Stock Exchange (the “Business Combination”). The Business Combination closed on May 27, 2022 and GBT JerseyCo became a direct subsidiary of APSG. Further, APSG was renamed as “Global Business Travel Group, Inc.” GBTG is a Delaware corporation and tax resident in the United States of America (“U.S.”). GBTG conducts its business through GBT JerseyCo and its subsidiaries in an umbrella partnership-C corporation structure (“Up-C structure”). GBT JerseyCo is tax resident in the United Kingdom (“U.K.”). The Business Combination was accounted for as a reverse recapitalization. Accordingly, no assets or liabilities were measured at fair value, and no goodwill or other intangible assets were recognized as a result of the Business Combination (see note 6- Reverse Recapitalization GBT JerseyCo was incorporated on November 28, 2019 under the Companies (Jersey) Law 1991 and prior to the Business Combination operated as a joint venture with American Express Travel Holdings Netherlands Coöperatief U.A. (“Amex Coop”), a resident of the Netherlands, Juweel Investors (SPC) Limited (a successor entity of Juweel Investors Limited) (“Juweel”), a resident of Cayman Islands, and EG Corporate Travel Holdings LLC (“Expedia”) (collectively, with Amex Coop and Juweel the “Continuing JerseyCo Owners”). The Company has one reportable segment. Impact of COVID-19 The outbreak of the novel strain of the coronavirus (“COVID-19”) severely restricted the level of economic activity around the world and has continued to have an unprecedented effect on the global travel industry since March 2020. Government measures implemented to contain the spread of COVID-19, such as imposing restrictions on travel and business operations and advising or requiring individuals to limit or forgo time outside of their homes, continue to limit business travel significantly below 2019 levels. While many countries have vaccinated a reasonable proportion of their population, the rate and pace of vaccination globally, the severity and duration of resurgence, as well as uncertainty over the efficacy of the vaccines against new variants of the virus, may contribute to delays in economic recovery. Overall, the ultimate impact and duration of the COVID-19 pandemic remains uncertain and will depend upon future developments, which are difficult to predict. However, with the spread of the virus now being contained to varying degrees in certain countries during different times, travel restrictions have been lifted and clients have become more comfortable traveling, particularly to domestic locations. This has led to a moderation of the more severe declines in business travel bookings experienced at certain points since the pandemic began. Despite the continued negative impact of the COVID-19 pandemic on the Company’s business, the Company has seen improvement in its transaction volume starting the second half of 2021 and continuing into 2022 as COVID-19 vaccines continued to be administered and many travel restrictions relaxed. While the global travel activity has since shown a recovery trend, it remains below 2019 levels. The Company incurred a net loss of $166 million and had cash outflows from operations of $390 million during the nine months ended September 30, 2022 compared to a net loss of $275 million and cash outflows from operations of $343 million during the nine months ended September 30, 2021. The Company believes its liquidity is important given the limited ability to predict its future financial performance due to the uncertainty associated with the COVID-19 pandemic. Since March 2020, the Company has taken several measures to preserve its liquidity, including initiating a business response plan to the COVID-19 pandemic (voluntary and involuntary redundancies, flexible workings, mandatory pay reductions, consolidating facilities, etc.), and entering into several financial transactions, including debt financing / refinancing transactions and the consummation of the Business Combination. The Company continues to further explore other capital market transactions, process rationalizations and cost reduction measures to improve its liquidity position. Based on the Company’s current operating plan, existing cash and cash equivalents, the resurgence of business travel indicated by recent volume trends, the Company’s mitigation measures taken or planned to strengthen its liquidity and financial position, along with the Company’s available funding capacity and cash flows from operations, the Company believes it has adequate liquidity to meet the future operating, investing and financing needs of the business for a minimum period of twelve months. Basis of Presentation The Company’s consolidated financial statements include the accounts of GBTG, its wholly- owned subsidiaries and entities controlled by GBTG, including GBT JerseyCo. There are no entities that have been consolidated due to control through operating agreements, financing agreements or as the primary beneficiary of a variable interest entity. The Company reports the non-controlling ownership interests in subsidiaries that are held by third-party owners as equity attributable to non-controlling interests in subsidiaries on the consolidated balance sheets. The portion of income or loss attributable to third-party owners for the reporting periods is reported as net income (loss) attributable to non-controlling interests in subsidiaries on the consolidated statements of operations. The Company has eliminated intercompany transactions and balances in its consolidated financial statements. For the periods prior to the Business Combination, the consolidated financial statements of the Company comprise the accounts of GBT JerseyCo and its wholly-owned subsidiaries. All intercompany accounts and transactions among GBT JerseyCo and its consolidated subsidiaries were eliminated. The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial reporting. As such, certain notes or other information that are normally required by U.S. GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited consolidated financial statements. These interim unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2021, which are included in the Company’s Registration Statement on Form S-4 as originally filed on September 9, 2022, and declared effective on October 3, 2022 (“Registration Statement”). The Company has included all normal recurring items and adjustments necessary for a fair presentation of the results of the interim period. The Company’s interim unaudited consolidated financial statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, supplier revenue, collectability of receivables, depreciable lives of property and equipment, acquisition purchase price allocations including valuation of acquired intangible assets and goodwill and contingent consideration, equity-based compensation, valuation of operating lease right-of-use (“ROU”) assets, impairment of goodwill, other intangible assets, long-lived assets and investments in equity method investments, valuation allowances on deferred income taxes, valuation of pensions, interest rate swaps, warrants and Earnout Shares (discussed below) and contingencies. Actual results could differ materially from those estimates. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business disruptions and adversely impact the Company’s results of operations. As a result, many of the Company’s estimates and assumptions require increased judgment. As events continue to evolve and additional information becomes available, the Company’s estimates may change materially in future periods.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Significant Accounting Policies
Significant Accounting Policies	(2) Summary of Significant Accounting Policies Warrant Instruments and Earnout Shares Liabilities The Company accounts for its (i) public and privately issued warrants (see note 14 – Warrants Subsequent Events Earnout Shares Derivatives and Hedging The fair value of warrants is determined using a market price for the public warrants and, when relevant, Black-Scholes model for the private warrants. The Black-Scholes model utilizes inputs and other assumptions and may not be reflective of the price at which they can be settled. The balance sheet classification of warrant liability is also subject to re-evaluation at each reporting period. As of September 30, 2022, (i) the public warrants were valued using the publicly available price for such warrants and were categorized as level 1 on the fair value hierarchy and (ii) the private warrants were also valued using price of the public warrants and were categorized as level 2 on the fair value hierarchy (see notes 14 – Warrants Fair Value Measurements The fair value of Earnout Shares was determined using Monte Carlo valuation method and were categorized as level 3 on the fair value hierarchy (see note 20 – Fair Value Measurements Recently Adopted Accounting Pronouncements Income Taxes In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, “ Income taxes (Topic 740): Simplifying the Accounting for Income Taxes Freestanding Equity-Classified Written Call Options In May 2021, the FASB issued ASU No. 2021-04, “ Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options Disclosures about Government Assistance In November 2021, the FASB issued ASU No. 2021-10, “ Disclosures by Business Entities about Government Assistance Governments of multiple countries extended several programs to help businesses during the COVID-19 pandemic through loans, wage subsidies, tax relief or deferrals and other financial aid. During previous periods, the Company participated in several of these government programs. A substantial portion of these government support payments were to ensure that the Company continues to pay and maintain the employees on its payroll and does not make them redundant as the demand for travel services significantly reduced due to the COVID -19 pandemic. During the three months ended September 30, 2022, and 2021, the Company recognized in its consolidated statements of operations government grants and other assistance benefits for salaries and wages (mainly furlough support payments) of $0 and $9 million, respectively, as a reduction of expenses. During the nine months ended September 30, 2022, and 2021, the Company recognized in its consolidated statements of operations government grants and other assistance benefits for salaries and wages (mainly furlough support payments) of $10 million and $53 million, respectively, as a reduction of expenses. As of September 30, 2022, and December 31, 2021, the Company had a receivable of $0 and $6 million, respectively, in relation to such government grants, which is included in the accounts receivable balance in the consolidated balance sheets. These relate to payments that are expected to be received under the government programs where the Company has met the qualifying requirements and it is probable that payments will be received. Accounting Pronouncements — Not Yet Adopted Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Reference rate reforms In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. Contracts with Customers Acquired in a Business Combination In October 2021, the FASB issued ASU No. 2021-08, “ Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2022
Revenue from Contracts with Customers
Revenue from Contracts with Customers	(3) Revenue from Contracts with Customers The Company disaggregates revenue based on (i) Travel Revenue which include all revenue relating to servicing a transaction, which can be air, hotel, car rental, rail or other travel-related booking or reservation and (ii) Product and Professional Services Revenue which include all revenue relating to using the Company’s platform, products and value-added services. The following table presents the Company’s disaggregated revenue by nature of service. Sales and usage-based taxes are excluded from revenue. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, Nine months ended September 30, (in $ millions) 2022 2021 2022 2021 Travel revenue ​ $ 387 ​ $ 120 ​ $ 1,032 ​ $ 261 Products and professional services revenue ​ 101 ​ 77 ​ 292 ​ 215 Total revenue ​ $ 488 ​ $ 197 ​ $ 1,324 ​ $ 476 ​ Payments from customers are generally received within 30-60 days of invoicing or from their contractual date agreed under the terms of contract. Contract Balances Contract assets represent the Company’s right to consideration in exchange for services transferred to a customer when that right is conditioned on the Company’s future performance obligations. Contract liabilities represent the Company’s obligation to transfer services to a customer for which the Company has received consideration (or the amount is due) from the customer. The opening and closing balances of the Company’s accounts receivables, net, and contract liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract Contract ​ ​ ​ ​ ​ liabilities ​ liabilities ​ ​ Accounts ​ Client ​ Deferred ​ ​ receivables, ​ incentives, net ​ revenue (in $ millions) net (1) (non-current) (current) Balance as of September 30, 2022 ​ $ 781 ​ $ 15 ​ $ 22 Balance as of December 31, 2021 ​ $ 375 ​ $ 3 ​ $ 18 (1) Accounts receivables, net, exclude balances not related to contracts with customers. During the three months ended September 30, 2022 and 2021, the Company recorded $7 million and $0 , respectively, for allowance for doubtful accounts and during the nine months ended September 30, 2022 and 2021, the Company recorded $8 million and $(4) million for allowance for (release of) doubtful debts, respectively, in its consolidated statements of operations. Deferred revenue is recorded when a performance obligation has not been satisfied but an invoice has been raised. Cash payments received from customers in advance of the Company completing its performance obligations are included in deferred revenue in the Company’s consolidated balance sheets. The Company generally expects to complete its performance obligations under the contracts within one year. During the nine months ended September 30, 2022, the cash payments received or due in advance of the satisfaction of the Company’s performance obligations were offset by $12 million of revenue recognized that was included in the deferred revenue balance as of December 31, 2021. Remaining Performance Obligations As of September 30, 2022, the aggregate amount of the transaction price allocated to the Company’s remaining performance obligations was approximately $20 million, which the Company expects to recognize as revenue as performance obligations are satisfied over the next 15 months. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected term of one year or less.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2022
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets	(4) Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Prepaid operating expenses ​ $ 76 ​ $ 42 Income tax receivable / prepayments ​ 31 ​ 32 Value added and similar taxes receivables ​ 13 ​ 11 Deferred offering costs ​ — ​ 21 Other prepayments and receivables ​ 37 ​ 31 Prepaid expenses and other current assets ​ $ 157 ​ $ 137 ​

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2022
Property and Equipment, Net
Property and Equipment, Net	(5) Property and Equipment, Net Property and Equipment consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Capitalized software for internal use ​ $ 316 ​ $ 304 Computer equipment ​ 83 ​ 65 Leasehold improvements ​ 49 ​ 52 Furniture, fixtures and other equipment ​ 6 ​ 6 Capital projects in progress ​ 35 ​ 9 ​ ​ 489 ​ 436 Less: accumulated depreciation and amortization ​ (272) ​ (220) Property and equipment, net ​ $ 217 ​ $ 216 ​ Depreciation and amortization expense related to fixed assets was $21 million and $18 million for the three months ended September 30, 2022 and 2021, respectively, and $64 million and $57 million for the nine months ended September 30, 2022 and 2021, respectively. Depreciation and amortization expense includes amortization related to capitalized software development costs amounting to $16 million and $13 million for the three months ended September 30, 2022 and 2021, respectively, and $45 million and $38 million for the nine months ended September 30, 2022 and 2021, respectively.

Reverse Recapitalization

Reverse Recapitalization	9 Months Ended
	Sep. 30, 2022
Reverse Recapitalization
Reverse Recapitalization	(6) Reverse Recapitalization Pursuant to the Business Combination Agreement, among other things, (i) GBTG acquired 100% voting interest and an approximately 13% equity interest in GBT JerseyCo, (ii) GBT JerseyCo became jointly-owned by GBTG, Amex Coop, Juweel and Expedia and (iii) GBT JerseyCo serves as the operating partnership as part of an Up-C structure. On December 2, 2021, concurrent with the execution of the Business Combination Agreement, GBTG also entered into subscription agreements with certain private investors (“PIPE Investors”), pursuant to which the PIPE Investors collectively agreed to subscribe for 33.5 million shares of the Company’s Class A common stock for an aggregate purchase price equal to $335 million (the “PIPE Investment”), including $2 million subscribed by entities related to APSG. The PIPE Investment was consummated concurrently with the closing of the Business Combination on May 27, 2022, generating proceeds of $323.5 million from the PIPE Investment. The gross proceeds received upon closing of the transaction was $365 million, which included $42 million of cash remaining, net of redemptions, from GBTG’s (formerly APSG) initial public offering. The Business Combination was treated as a reverse recapitalization transaction, whereby GBT JerseyCo was considered the accounting acquirer in the transaction and the predecessor entity of GBTG and recognized the carrying value of the net assets of GBTG as an equity contribution with no incremental goodwill or intangible assets recognized. In connection with the consummation of the Business Combination/immediately upon the Business Combination, the following occurred: ● GBTG holds all of the A ordinary shares of GBT JerseyCo – which carry both voting and economic interest rights. The Continuing JerseyCo Owners hold all of the B ordinary shares of GBT JerseyCo – which carry no voting rights, but only economic rights. ● The Continuing JerseyCo Owners hold Class B common stock in GBTG, in equal number as their shares in GBT JerseyCo, which carry nominal economic rights (limited to the right to receive up to the par value in the event of a liquidation, dissolution or winding up of GBTG) and full voting rights. ● GBTG’s issued and outstanding Class A common stock, which is equal in number to the number of GBT JerseyCo’s A ordinary shares, is held by public and the PIPE Investors. ● GBT JerseyCo MIP Options were converted into GBTG MIP Options and equity compensation plans, generally with no change in any terms and conditions of grant/vesting/exercise. ● The Continuing JerseyCo Owners and holders of GBT JerseyCo’s MIP Options were granted C ordinary shares of GBT JerseyCo that have no voting or economic interest and will be converted either to (i) GBTG’s Class B common stock and GBT JerseyCo’s B ordinary shares (for Continuing JerseyCo Owners) or (ii) GBTG’s Class A common stock (for GBT JerseyCo’s MIP Option holders) upon GBTG’s Class A common stock meeting certain price thresholds over a certain period of time. Further, certain of GBTG’s Class A common stock are subject to forfeitures and surrender/cancellations for no consideration if GBTG’s Class A common stock does not meet certain price thresholds over a certain period of time. All such shares are referred to as (“Earnout Shares”). ● The outstanding warrants of APSG converted to those of GBTG on the same terms and conditions as existed prior to the closing of the Business Combination Agreement. Subsequent to September 30, 2022, these warrants were exchanged for GBTG’s Class A common stock (see note 22 – Subsequent Events ). ● All of the Business Combination transaction costs were paid out from the proceeds of the PIPE Investments or cash invested by GBTG in GBT JerseyCo or by GBT JerseyCo. ● GBT JerseyCo repaid all of its outstanding amount of preferred shares including dividends accrued thereon from the proceeds of the Business Combination. ● GBTG, GBT JerseyCo and the Continuing JerseyCo Owners entered into an Exchange Agreement (the “Exchange Agreement”) which provides a right to the Continuing JerseyCo Owners to exchange their B ordinary shares in GBT JerseyCo for Class A common stock of GBTG on a one-for-one basis, with surrender and cancellation of Class B common stock held by them in GBTG. Alternatively, if approved by the “Exchange Committee” (comprising of disinterested and independent board of directors of GBTG), such B ordinary shares can be settled in cash. If the Exchange Committee elects to settle B ordinary shares in cash, the cash must be funded only through issuance of GBTG’s Class A common stock. At the time of the closing of the Business Combination Agreement and as of September 30, 2022, there were 56,945,033 shares of Class A common stock and 394,448,481 shares of Class B common stock of GBTG that were outstanding. The number of shares of Class B common stock outstanding corresponds to the number of B ordinary shares held by Continuing JerseyCo Owners in GBT JerseyCo which represents the non-controlling ownership interests in the Company. Concurrently with the Closing, the Company entered into certain other related agreements which are discussed further in note 17 – Stockholders’ Equity Related Party Transactions

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Acquisitions
Business Acquisitions	(7) Business Acquisitions There was no business acquisition during the nine months ended September 30, 2022. Acquisition of Ovation On January 21, 2021, the Company, through its wholly-owned subsidiary, GBT US LLC, acquired all of the outstanding shares of Ovation Travel, LLC, (along with its subsidiaries, “Ovation”) for a total cash purchase consideration of $57 million (including approximately $4 million of deferred consideration), net of cash acquired. The results of Ovation’s operations have been included in the consolidated financial statements of the Company since the date of its acquisition. During the three and nine months ended September 30, 2022, the Company paid the deferred consideration of $4 million as the conditions for deferred consideration were satisfied during the period. The terms of the acquisition further included contingent consideration of approximately $4 million that was subject to the continued employment of certain Ovation employees for a specified duration of employment as set out under the business purchase agreement. The Company accrued for this expense as compensation expense, that was paid during the three and nine months ended September 30, 2022. The fair value of the acquisition was allocated primarily to goodwill of $36 million, amortizing intangible assets of $29 million (business client relationships of $25 million and Tradenames of $4 million) and net liabilities assumed of $8 million. Goodwill generated from the acquisition is attributable to acquired workforce and expected synergies from centralized management and future growth. The acquired business client relationships and tradenames are being amortized over their estimated useful lives of 10 years and 5 years, respectively. The Company incurred $3 million in acquisition related costs which was expensed as incurred. The amount of revenue and net loss of Ovation since the acquisition date included in the consolidated statements of operations for the three months ended September 30, 2021 was $7 million and $8 million, respectively, and for the nine months ended September 30, 2021 was $14 million and $17 million, respectively. Assuming an acquisition date of January 1, 2020, the unaudited pro forma revenue and net loss of the Company for the three and nine months ended September 30, 2021 would not have been materially different from the amount of revenue and net loss presented in the consolidated statements of operations for the three and nine months ended September 30, 2021. The pro forma financial information adjusts for the effects of material business combination items primarily related to amortization of acquired intangible assets and the corresponding income tax effects. Acquisition of Egencia On November 1, 2021, the Company completed its acquisition of Egencia, a business-to-business digital travel management company serving business clients, from an affiliate of Expedia, Inc., EG Corporate Travel Holdings LLC (“Expedia”). As purchase consideration for this acquisition, the Company issued 8,413,972 non-voting ordinary shares, fair value of which was determined to be $816 million. As a result, Expedia became an indirect holder of non-voting ordinary shares of GBT JerseyCo, which then represented approximately 19% of GBT JerseyCo’s equity interests, excluding GBT JerseyCo’s preferred shares, Profit Shares, MIP Options and MIP Shares (as defined in GBT JerseyCo’s organizational documents). This value was determined on the basis of the estimated total enterprise value of GBT JerseyCo (post acquisition of Egencia) and calculated based on a multiple of Adjusted EBITDA. During the second quarter of 2022, the Company finalized the working capital adjustments related to this acquisition, which resulted in an adjustment of $6 million payable by GBT JerseyCo and in relation to which it issued additional 59,111 non-voting ordinary shares to Expedia. Pursuant to the reverse recapitalization discussed in note 6 above, all non-voting ordinary shares issued to Expedia, were redeemed and cancelled by GBT JerseyCo and Expedia received B ordinary shares from GBT JerseyCo, and an equal number of Class B common stock from GBTG as calculated using the exchange ratio as was used to convert the then existing GBT JerseyCo shares to new class of shares under the Business Combination. The acquisition of Egencia will complement the Company’s existing business and is expected to further accelerate its growth strategy in the small-to-medium-sized enterprise sector. During the third quarter of 2022, the Company obtained further information and completed its analysis of the deferred tax impact of the Egencia acquisition. As a result, the Company recognized an additional $124 million of deferred tax assets (primarily related to goodwill that was determined to be tax deductible) and adjusted its goodwill balance. With this, the Company has completed its purchase price allocation related to the Egencia acquisition. Further, during the three months ended September 30, 2022, the Company recognized a $19 million charge in its statement of operations associated with a loss contingency as it became probable that the Company will pay the amount for a contingent event that existed as of the Egencia acquisition date. The financial results of Egencia have been included in the Company’s consolidated financial statements since the date of its acquisition. The amount of revenue and net loss of the Egencia business for the three months ended September 30, 2022 were $98 million and $20 million, respectively and for the nine months ended September 30, 2022 were $271 million and $54 million, respectively. Assuming an acquisition date of January 1, 2020, the unaudited pro forma revenue and net loss of the Company for the three months ended September 30, 2021 would have been $245 million and $163 million, respectively, and for the nine months ended September 30, 2021 would have been $579 million and $489 million, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	9 Months Ended
	Sep. 30, 2022
Goodwill and Other Intangible Assets, Net
Goodwill and Other Intangible Assets, Net	(8) Goodwill and Other Intangible Assets, Net The following table sets forth changes in goodwill during the nine months ended September 30, 2022: ​ ​ ​ ​ ​ (in $ millions) Amount Balance as of December 31, 2021 ​ $ 1,358 Egencia acquisition adjustments (1) ​ (118) Currency translation adjustments ​ (92) Balance as of September 30, 2022 ​ $ 1,148 (1) Includes adjustments for (i) $6 million related to additional shares issued to Expedia in the second quarter of 2022 upon finalization of working capital adjustments that increased the goodwill balance and (ii) $124 million related to deferred tax assets recognized in the third quarter of 2022 that decreased the goodwill balance (see note 7 – Business Acquisitions – Acquisition of Egencia ). There were no goodwill impairment losses recorded for the three and nine months ended September 30, 2022 and 2021 and there are no accumulated goodwill impairment losses as of September 30, 2022. The following table sets forth the Company’s other intangible assets with definite lives as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ (in $ millions) Cost depreciation Net Cost depreciation Net Trademarks/tradenames ​ $ 115 ​ $ (67) ​ $ 48 ​ $ 115 ​ $ (62) ​ $ 53 Business client relationships ​ 815 ​ (264) ​ 551 ​ 815 ​ (189) ​ 626 Supplier relationship ​ 254 ​ (207) ​ 47 ​ 254 ​ (188) ​ 66 Travel partner network ​ 4 ​ (3) ​ 1 ​ 4 ​ (3) ​ 1 Other intangible assets ​ $ 1,188 ​ $ (541) ​ $ 647 ​ $ 1,188 ​ $ (442) ​ $ 746 ​ Amortization expense relating to definite-lived intangibles was $24 million and $16 million for the three months ended September 30, 2022 and 2021, respectively, and $70 million and $47 million for the nine months ended September 30, 2022 and 2021, respectively, which is included in depreciation and amortization in the consolidated statements of operations.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2022
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities	(9) Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Accrued payroll and related costs ​ $ 161 ​ $ 198 Accrued operating expenses ​ 145 ​ 147 Client deposits ​ ​ 46 ​ ​ 59 Deferred revenue ​ ​ 22 ​ ​ 18 Accrued restructuring costs (see note 10) ​ 13 ​ 69 Value added and similar taxes payable ​ 6 ​ 6 Income tax payable ​ 7 ​ 7 Other payables ​ 9 ​ 15 Accrued expenses and other current liabilities ​ $ 409 ​ $ 519 ​

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2022
Restructuring
Restructuring	(10) Restructuring The table below sets forth accrued restructuring cost included in accrued expenses and other current liabilities, for the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in $ millions) Employee related Facility Total Balance as of December 31, 2021 ​ $ 64 ​ $ 5 ​ $ 69 Reversal of accruals ​ (3) ​ (2) ​ (5) Cash settled ​ (51) ​ — ​ (51) Balance as of September 30, 2022 ​ $ 10 ​ $ 3 ​ $ 13 ​

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2022
Long-term Debt.
Long-term Debt	(11) Long-term Debt The outstanding amount of the Company’s long-term debt consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Senior Secured Credit Agreement ​ ​ ​ ​ ​ Principal amount of senior secured initial term loans (Maturity – August 2025) (1) ​ $ 240 ​ $ 242 Principal amount of senior secured tranche B-3 term loans (Maturity – December 2026) (2) ​ 1,000 ​ 800 Principal amount of senior secured revolving credit facility (Maturity – August 2023) (3) ​ — ​ — ​ ​ 1,240 ​ 1,042 Less: Unamortized debt discount and debt issuance costs ​ (19) ​ (19) Total debt, net of unamortized debt discount and debt issuance costs ​ 1,221 ​ 1,023 Less: Current portion of long-term debt ​ (3) ​ (3) Long-term debt, non-current, net of unamortized debt discount and debt issuance costs ​ $ 1,218 ​ $ 1,020 (1) Stated interest rate of LIBOR + 2.50% as of September 30, 2022 and December 31, 2021. (2) Stated interest rate of LIBOR + 6.50% (with a LIBOR floor of 1.00% ) as of September 30, 2022 and December 31, 2021. (3) Stated interest rate of LIBOR + 2.25% as of September 30, 2022 and December 31, 2021. During the second quarter of 2022, the Company borrowed a principal amount of $200 million of senior secured tranche B-3 term loans under the Tranche B-3 Delayed Draw Term Loan Facility (“Tranche B-3 DDTL Facility”). With this, the Company has fully drawn on its existing senior secured term loan facilities under the senior secured credit agreement and there are no unutilized term loan commitments remaining outstanding. The Company was required to pay a fee of 3.00% per annum on the actual daily unused delayed draw commitments under Tranche B-3 DDTL Facility, payable quarterly in arrears. During the three and nine months ended September 30, 2022, the Company repaid the contractual quarterly installment of $1 million and $2 million of the principal amount of senior secured initial term loans, respectively. At the option of Group Services B.V., a wholly owned subsidiary of GBTG (the “Borrower”), upon prior written notice, amounts borrowed under one or more of the senior secured credit facilities (as selected by the Borrower) may be voluntarily prepaid, and/or unused commitments thereunder may be voluntarily reduced or terminated, in each case, in whole or in part, at any time without premium or penalty (other than (i) any applicable prepayment premium required to be paid pursuant to the senior secured credit agreement, and (ii) customary breakage costs in connection with certain prepayments of loans bearing interest at a rate based on LIBOR). Subject to certain exceptions set forth in the senior secured credit agreement, the Borrower is required to prepay the senior secured term loans with (i) 50% (subject to leverage-based step-downs) of annual excess cash flow (as defined in the senior secured credit agreement) in excess of a threshold amount, (ii) 100% (subject to leverage-based step-downs) of the net cash proceeds from certain asset sales and casualty events, subject to customary reinvestment rights, (iii) 100% of the net cash proceeds from the incurrence of certain indebtedness and (iv) other than in connection with the consummation of the business combination pursuant to the Business Combination Agreement, 50% of the net cash proceeds from the consummation of any initial public offering (or similar transaction) of the common stock of GBT JerseyCo (or a parent entity thereof). The senior secured revolving credit facility has (i) a $30 million sublimit for extensions of credit denominated in certain currencies other than U.S. dollars, (ii) a $10 million sublimit for letters of credit, and (iii) a $10 million sublimit for swingline borrowings. Extensions of credit under the senior secured revolving credit facility are subject to customary borrowing conditions. The Borrower is required to pay a fee of 0.375% per annum on the average daily unused commitments under the senior secured revolving credit facility, payable quarterly in arrears. As of both September 30, 2022 and December 31, 2021, no borrowings or letters of credit were outstanding under the senior secured revolving credit facility. Interest on the senior secured credit facilities is payable quarterly in arrears (or, if earlier in the case of LIBOR loans, at the end of the applicable interest period). The effective interest rate on the senior secured term loans for the nine months ended September 30, 2022 was approximately 7.5%. Security; Guarantees GBT UK TopCo Limited, a wholly-owned direct subsidiary of GBT JerseyCo, and certain of its direct and indirect subsidiaries, as guarantors (such guarantors, collectively with the Borrower, the “Loan Parties”), provide an unconditional guarantee, on a joint and several basis, of all obligations under the senior secured credit facilities and under cash management agreements and swap contracts with the lenders or their affiliates (with certain limited exceptions). Subject to certain cure rights, as of the end of each fiscal quarter, at least 70% of the consolidated total assets of the Loan Parties and their subsidiaries must be attributable, in the aggregate, to the Loan Parties; provided that such coverage test shall instead be calculated based on 70% of Consolidated EBITDA (as defined in the senior secured credit agreement) of the Loan Parties and their subsidiaries for the four prior fiscal quarters, commencing with the first quarterly test date after January 2021 on which Consolidated EBITDA of the Loan Parties and their subsidiaries exceeds $100 million. Further, the lenders have a first priority security interest in substantially all of the assets of the Loan Parties. Covenants The senior secured credit agreement contains various affirmative and negative covenants, including certain financial covenants (see below) and limitations (subject to exceptions) on the ability of the Loan Parties and their subsidiaries to: (i) incur indebtedness or issue preferred stock; (ii) incur liens on their assets; (iii) consummate certain fundamental changes (such as acquisitions, mergers, liquidations or changes in the nature of the business); (iv) dispose of all or any part of their assets; (v) pay dividends or other distributions with respect to, or repurchase, any equity interests of any Loan Party or any equity interests of any direct or indirect parent company or subsidiary of any Loan Party; (vi) make investments, loans or advances; (vii) enter into transactions with affiliates and certain other permitted holders; (viii) modify the terms of, or prepay, any of their subordinated or junior lien indebtedness; (ix) make certain changes to a Loan Party’s entity classification for U.S. federal income tax purposes or certain intercompany transfers of a Loan Party’s assets if, as a result thereof, an entity would cease to be a Loan Party due to adverse tax consequences; (x) enter into swap contracts; and (xi) enter into certain burdensome agreements. The senior secured credit agreement also requires that an aggregate amount of Liquidity (as defined in the senior secured credit agreement) equal to at least $200 million be maintained as of the end of each calendar month. The senior secured credit agreement also contains a financial covenant applicable solely to the senior secured revolving credit facility. Such financial covenant requires the first lien net leverage ratio (calculated in a manner set forth under the senior secured credit agreement) to be less than or equal to 3.25 to 1.00 as of the last day of any fiscal quarter on which the aggregate principal amount of outstanding loans and letters of credit under the senior secured revolving credit facility exceeds 35% of the aggregate principal amount of the senior secured revolving credit facility. The senior secured credit agreement provides that such financial covenant is suspended for a limited period of time if an event that constitutes a “Travel MAC” (as defined in the senior secured credit agreement) has occurred and the Loan Parties are unable to comply with such covenant as a result of such event. Such financial covenant did not apply for the period ended September 30, 2022. As of September 30, 2022, the Loan Parties and their subsidiaries were in compliance with all applicable covenants under the senior secured credit agreement. Events of Default The senior secured credit agreement contains default events (subject to certain materiality thresholds and grace periods), which could require early prepayment, termination of the senior secured credit agreement or other enforcement actions customary for facilities of this type. As of September 30, 2022, no event of default existed under the senior secured credit agreement.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies.
Commitments and Contingencies	(12) Commitments and Contingencies Purchase Commitment In the ordinary course of business, the Company makes various commitments to purchase goods and services from specific suppliers, including those related to capital expenditures. As of September 30, 2022, the Company had approximately $186 million of outstanding non-cancellable purchase commitments, primarily relating to service, hosting and licensing contracts for information technology, of which $77 million relates to the twelve months ending September 30, 2023. These purchase commitments extend through 2027. Guarantees The Company has obtained bank guarantees in respect of certain travel suppliers and real estate lease agreements amounting to $19 million. Certain of these bank guarantees require the Company to maintain cash collateral which has been presented as restricted cash within other non-current assets in the Company’s consolidated balance sheet. Legal Contingencies The Company recognizes legal fees as incurred when the legal services are provided. Based on its current knowledge, and taking into consideration its litigation-related liabilities, the Company believes it is not a party to any pending legal proceeding or governmental examination that would have a material adverse effect on the Company’s consolidated financial condition or liquidity.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Taxes
Income Taxes	(13) Income Taxes As mentioned in note 1 - Business Description and Basis of Presentation As a result of the Business Combination, GBTG recorded deferred tax assets related to its investments in GBT JerseyCo of $26 million and deferred tax liabilities of $40 million for foregone foreign tax credits in the U.S. on the foreign source earnings necessary to realize GBTG’s allocable share of GBT JerseyCo’s net deferred tax assets resulting in a net $14 million deferred tax liability. During the three months ended September 30, 2022, the Company completed its assessment of deferred taxes in relation to the Egencia acquisition and recognized a deferred tax assets of $124 million, primarily related to Egencia goodwill (see note 7 – Business Acquisitions – Acquisition of Egencia The differences between the Company’s effective tax rate and the U.S. federal statutory tax rate of 21% generally results from various factors, including the geographical distribution of taxable income, state and foreign taxes, tax credits, fair value movements of Earnout Shares and warrants and permanent differences between the book and tax treatment of certain items. Additionally, the amount of income taxes is subject to the Company’s interpretation of applicable tax laws in the jurisdictions in which the Company files its income tax returns. For the three months ended September 30, 2022 and 2021, GBTG’s income tax benefit was $10 million and $31 million, respectively, and its effective tax rate was 12% and 23%, respectively. The lower tax rate during the three months ended September 30, 2022 was driven by higher proportional movement in non-taxable fair value movement on Earnout Shares and warrants and the non-taxable loss contingency versus the result for the period. For the nine months ended September 30, 2022 and 2021, GBTG’s income tax benefit was $39 million and $126 million, respectively, and its effective tax rate was 19% and 32%, respectively. The lower tax rate during the nine months ended September 30, 2022 was driven by higher proportional movement in non-taxable fair value movement on Earnout Shares and warrants and the non-taxable loss contingency versus the result for the period, along with country rate differentials, offset by increases in valuation allowances. The Company’s effective tax rate for the three and nine months ended September 30, 2021 was impacted by change in the U.K.’s enacted tax rates from 19% to 25%, in the second quarter of 2021, and which becomes effective from April 2023. As a result of change in the enacted tax rate, the deferred tax assets and liabilities were remeasured in the second quarter of 2021, which resulted in recognition of additional deferred tax benefit of $35 million. The Company measures its deferred tax assets and liabilities at the rate at which they are expected to reverse in future periods. The Inflation Reduction Act (“IRA”) was enacted into law on August 16, 2022. Included in the IRA was a provision to implement a 15% corporate alternative minimum tax on corporations whose average annual adjusted financial statement income during the most recently-completed three-year period exceeds $1.0 billion. This provision is effective for tax years beginning after December 31, 2022. The Company is in the process of evaluating the provisions of the IRA, but does not currently believe the IRA will have a material impact on its reported results, cash flows or financial position when it becomes effective.

Warrants

Warrants	9 Months Ended
	Sep. 30, 2022
Warrants
Warrants	(14) Warrants As of September 30, 2022, there were 39,451,067 warrants outstanding (12,224,134 private warrants and 27,226,933 public warrants) each having an exercise price of $11.50 per warrant. No fractional shares will be issued upon exercise of the warrants. As of September 30, 2022, the warrants have not become exercisable. On September 9, 2022, the Company made an offer to acquire all of its warrants in exchange for Class A common stock (the “Exchange Offer”). In connection with the Exchange Offer, the Company would issue Subsequent Events The Company accounts for public and private warrants under ASC 815. Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s consolidated statements of operations. As of September 30, 2022 the fair value of the warrant liability was estimated to be $62 million. The Company recognized a loss on the fair value change in warrant liability of $18 million and $5 million in its consolidated statement of operations for the three and nine months ended September 30, 2022, respectively.

Earnout Shares

Earnout Shares	9 Months Ended
	Sep. 30, 2022
Earnout Shares
Earnout Shares	(15) Earnout Shares As part of the reverse recapitalization transaction, certain stockholders and employees are entitled to additional consideration in the form of “Earnout Shares” of the Company’s Class A common stock (and Class B common stock, with equal number of B ordinary shares of GBT JerseyCo, where the Earnout Shares have been given to certain stockholders) to be issued when the Company’s Class A common stock’s price achieves certain market share price milestones within specified periods following the reverse recapitalization transaction on May 27, 2022. These shares will be issued in tranches based on the following conditions: (1) If the volume-weighted average share price (“VWAP”) of the Company’s Class A common stock equals or exceeds $12.50 per share for any 20 trading days within any consecutive 30-trading day period prior to the five-year anniversary from May 27, 2022, then the Company is required to issue Class A common stock to the holders with the contingent right to receive approximately 50% of the Earnout Shares. These Earnout Shares may instead be issued in the event of a change of control (as defined in the Business Combination Agreement) prior to the five-year anniversary of the closing date if the per share consideration in such transaction is at least $12.50. (2) If the VWAP of the Company’s Class A common stock equals or exceeds $15.00 per share for any 20 trading days within any consecutive 30-trading day period prior to the five-year anniversary from May 27, 2022, then the Company is required to issue Class A common stock to the holders with the contingent right to receive the remainder of the Earnout Shares. These Earnout Shares may instead be issued in the event of a change of control (as defined in the Business Combination Agreement) prior to the five-year anniversary of the closing date if the per share consideration in such transaction is at least $15.00. If the stock price thresholds mentioned above are not achieved during the five-year period from the reverse recapitalization date (assuming there is no change in control event), the Earnout Shares are forfeited for no additional consideration. The Earnout Shares to employees are linked to the conditions of the GBTG MIP Options. As a result, the Company has accounted for such Earnout Shares as stock-based compensation under ASC 718, Compensation - Stock Compensation The Earnout Shares to stockholders are accounted under ASC 815. Such guidance provides that because the Earnout Shares do not meet the criteria for equity treatment thereunder, Earnout Shares must be recorded as a liability. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the Earnout Shares liability will be adjusted to fair value, with the change in fair value recognized in the Company’s consolidated statements of operations. The fair value of the Earnout Shares was estimated using the Monte Carlo simulation of the stock prices based on historical and implied market volatility of a peer group of public companies. As of September 30, 2022 the fair value of the Earnout Shares liability was estimated to be $65 million. The Company recognized a gain on the fair value change in Earnout Shares liability of $12 million and $35 million in its consolidated statement of operations for the three and nine months ended September 30, 2022, respectively.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2022
Equity-Based Compensation
Equity-Based Compensation	(16) Equity-Based Compensation 2022 Equity Incentive Plan In May 2022, GBTG stockholders approved the Global Business Travel Group, Inc. 2022 Equity Incentive Plan (the “2022 Plan”) under which, a maximum of 47,870,291 shares of Class A common stock are available for issuance which is also the maximum number of shares that may be issued in respect of incentive stock options (“Share Reserve”). Under the 2022 Plan, GBTG may issue options, stock appreciation rights, restricted and performance stock, restricted stock units or performance stock units, or other awards that are payable in, or valued in, in whole or part by reference to GBTG shares. The 2022 Share Reserve will also be increased by the number of shares underlying the portion of an award granted under the GBTG MIP (as defined below) that is cancelled, terminated or forfeited or lapses after the effective date of the 2022 Plan. Shares issued by GBTG in connection with the assumption or substitution of outstanding grants or under certain stockholder approved plans from an acquired company will not reduce the number of shares available for awards under the 2022 Plan. Shares underlying the portion of an award that is forfeited or otherwise terminated for any reason whatsoever, in any case, without the issuance of shares, will be added back to the number of shares available for grant under the 2022 Plan. Shares issued under the 2022 Plan may, at the election of the board of directors GBTG (the “GBTG Board”), be (i) authorized but previously unissued or (ii) previously issued and outstanding and reacquired by GBTG. During the three and nine months ended September 30, 2022, the Company granted 10,797,574 restricted share units (“RSUs”) under the 2022 Plan to certain of its key employees. The RSUs generally vest one-third annually or on such dates as determined under the award agreement and have a vesting period of 12 months to 36 months from the grant date, . The vesting is conditional upon continued employment of the grantee through the applicable vesting period. RSUs included RSUs granted to the Company’s non-employee directors who are deemed as employees solely for purposes of stock compensation accounting. The RSUs do not accrue dividends or dividend equivalent right associated with the underlying stock. The fair value of RSUs is determined to be the market price of the Company’s Class A common stock at the date of grant. There have been no significant forfeitures of RSUs since the grant date. Employee Stock Purchase Plan In May 2022, GBTG stockholders approved the Global Business Travel Group, Inc. Employee Stock Purchase Plan (the “ESPP”) under which a maximum of 11,068,989 shares of Class A common stock (the “ Initial ESPP Reserve”) are initially available for purchase under the ESPP. There are two offering periods each year, to be determined by the compensation committee. An employee can start contributing toward the ESPP at the beginning of each offering period. On January 1 of each year during which the ESPP is in effect, commencing on January 1, 2023, the number of shares of Class A common stock available for purchase under the ESPP will be automatically increased by the lesser of (x) the Initial ESPP Reserve, (y) Management Incentive Plan In May 2022, GBTG adopted the Global Business Travel Group, Inc. Management Incentive Plan (the “GBTG MIP”) which superseded the GBT JerseyCo Management Incentive Plan, as amended and restated from time to time with the last amendment being on December 2, 2021 (the “Legacy GBT MIP”). Further, , all options granted under the Legacy GBT MIP (“GBT JerseyCo MIP Options”) that were outstanding at the closing of the Business Combination, whether vested or unvested, were converted into options to purchase shares of GBTG’s Class A common stock (“GBTG MIP Options”) under the terms and conditions of the GBTG MIP. The outstanding GBT JerseyCo MIP Options were converted using the same exchange ratio as was used to convert the then-existing GBT JerseyCo shares to new classes of shares under the Business Combination. The exercise price of the GBT JerseyCo MIP Options was accordingly adjusted. Generally, the vesting and forfeiture terms of the GBTG MIP Options held by executive officers of GBT JerseyCo continue to be the same as provided under the Legacy GBT MIP under which they were granted. Under the GBTG MIP, all unexercised GBTG MIP Options, whether vested or unvested, expire on the tenth anniversary of their grant date, unless earlier cancelled, such as in connection with a termination of employment. GBTG MIP Options generally vest ratably in annual increments over a three one During the second quarter of 2022, in connection with the Business Combination, the Company granted certain Earnout Shares to its employees (see note 15 – Earnout Shares Fair Value Measurements There were no other new grants or any material forfeitures of the GBTG MIP Options during the three and nine months ended September 30, 2022. Total equity-based compensation expense recognized in the Company’s consolidated statements of operations (i) for the three months ended September 30, 2022 and 2021 amount to $15 million and $0, respectively, and (ii) for the nine months ended September 30, 2022 and 2021 amount to $23 million and $1 million, respectively, and is included within general and administrative expense on the consolidated statements of operations. The Company expects compensation expense, related (i) to unvested GBTG MIP Options of approximately $25 million to be recognized over the remaining weighted average period of 2.25 years and (ii) unvested RSUs of approximately $70 million to be recognized over the remaining weighted average period of 2.0 years.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity
Stockholders' Equity	(17) Stockholders’ Equity Subsequent to the reverse recapitalization as described in note 6, GBTG’s authorized capital stock consists of: (i) 3,000,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), of which 56,945,033 shares are issued and outstanding as of September 30, 2022 (ii) 3,000,000,000 shares of Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), of which 394,448,481 shares are issued and outstanding as of September 30, 2022 and (iii) 6,010,000,000 shares of preferred stock, par value of $0.00001 per share, none of which are issued and outstanding as of September 30, 2022. Further (a) 3,000,000,000 shares of Class A-1 preferred stock are designated as Class A-1 preferred stock, none of which are issued and outstanding as of September 30, 2022, (b) 3,000,000,000 shares of Class B-1 preferred stock are designated as Class B-1 preferred stock, none of which are issued and outstanding as of September 30, 2022 and (c) the remaining 10,000,000 shares of preferred stock are undesignated preferred stock, none of which are issued and outstanding as of September 30, 2022. Holders of Class A common stock and Class B common stock vote together as a single class on all matters submitted to the stockholders for their vote or approval, except as required by applicable law. In order to preserve the Up-C structure, the Exchange Agreement (see note 6 – Reverse Recapitalization Warrants – Subsequent Events Class A Common Stock Voting: Dividend: Liquidation: Other rights: - Related Party Transactions - Reverse Recapitalization Class B Common Stock Voting: Dividend: Liquidation: Other rights: - Related Party Transactions - Reverse Recapitalization Exchange Agreement: Preferred Stock Voting: Generally, holders of Class A-1 preferred stock are entitled to the same rights and privileges, qualifications and limitations as holders of Class A common stock and holders of Class B-1 preferred stock are entitled to the same rights and privileges, qualifications and limitations as holders of Class B common stock. Further, Class A-1 preferred stock shall be identical in all respects to the Class A common stock and Class B-1 preferred stock shall be identical in all respects to the Class B common stock. Preferred Shares of GBT JerseyCo: Upon closing of the Business Combination on May 27, 2022, GBT JerseyCo redeemed, in full, the outstanding amount of its then issued and outstanding preferred shares, including dividends accrued thereon. Upon redemption, all of the preferred shares were cancelled. There was no issuance of preferred shares during the nine months ended September 30, 2022; however, GBT JerseyCo accrued a dividend of $8 million for the nine months ended September 30, 2022, on the outstanding balance of preferred shares. During the three and nine months ended September 30, 2021, the Company issued 500,000 and 1,500,000 preferred shares, respectively, in equal proportion to Amex Coop and Juweel for a total consideration of $50 million and $150 million, respectively. As the preferred shares of GBT JerseyCo were issued to the ordinary shareholders, although the preferred shares were redeemable at the option of GBT JerseyCo, these were classified as mezzanine equity. Distributions The Company paid cash of $1 million for the nine months ended September 30, 2021 in relation to accrued capital distribution to cover certain administrative costs of GBT JerseyCo’s then existing shareholders. There were no such distributions during the nine months ended September 30, 2022. See the discussion above for dividends on preferred shares accrued during the three and nine months ended September 30, 2022 and 2021. Registration Rights Agreement In May 2022, GBTG, APSG Sponsor, L.P., (the “Sponsor”), certain of APSG’s then existing board members (the “Insiders”) and the Continuing JerseyCo Owners entered into an amended and restated registration rights agreement (the “Registration Rights Agreement”), pursuant to which, among other things, GBTG has registered for resale, pursuant to Rule 415 under the Securities Act, certain shares of Class A common stock and other equity securities of GBTG that are held by the holders party to the Registration Rights Agreement from time to time. Sponsor Side Letter In connection with the Business Combination Agreement, on December 2, 2021, the Sponsor, the Insiders, GBTG and GBT JerseyCo entered into a side letter (as amended on May 27, 2022, “Sponsor Side Letter”) which, among other things, contain certain restrictions on the transfer by the Sponsor and the Insiders with respect to the Class A common stock issued to each of them at the closing of the Business Combination (such shares issued to the Sponsor, the “Sponsor Shares”). The Sponsor and the Insiders are not permitted to transfer their Class A common stock, subject to certain permitted exceptions, until the earlier to occur of (a) one year following the closing date of the Business Combination and (b) the date which the VWAP of Class A common stock exceeds $12.00 per share for any 20 trading days within a period of 30 consecutive trading days. Further, approximately 8 million of the Sponsor Shares were deemed unvested and were subject to certain triggering events to occur within five years following the closing (the “Sponsor Side Letter Vesting Period”) for these shares to vest. If, within the Sponsor Side Letter Vesting Period, the VWAP of Class A common stock is greater than or equal to $12.50 for any 20 trading days within a period of 30 consecutive trading days, approximately 5 million of the unvested Sponsor Shares will vest. If, within the Sponsor Side Letter Vesting Period, the VWAP of Class A common stock is greater than or equal to $15.00 for any 20 trading days within a period of 30 consecutive trading days the remaining approximately 3 million of the unvested Sponsor Shares will vest. To the extent that either of the aforementioned triggering events do not occur within the Sponsor Side Letter Vesting Period, such Sponsor Shares will be forfeited to and terminated by GBTG. The registered holder(s) of the unvested Sponsor Shares continue to be entitled to all of the rights of ownership thereof, including the right to vote and receive dividends and other distributions in respect thereof. The number of shares and the price targets listed above will be equitably adjusted for stock splits, reverse stock splits, dividends (cash or stock), reorganizations, recapitalizations, reclassifications, combinations or other like changes or transactions with respect to the Class A common stock. Any Class A common stock purchased by the Sponsor in connection with the PIPE investment will not be subject to the vesting or transfer restrictions described above. These shares are accounted for as part of Earnout Shares discussed in note 15 above. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) represents certain components of revenues, expenses, gains and losses that are included in comprehensive income (loss) but are excluded from net income (loss). Other comprehensive income (loss) amounts are recorded directly as an adjustment to total equity, net of tax. The changes in the accumulated other comprehensive loss, net of tax, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain on ​ ​ ​ ​ ​ Currency ​ Defined ​ cash flow hedge and ​ Total accumulated ​ ​ translation ​ benefit plan ​ hedge of investments ​ other comprehensive (in $ millions) adjustments related in foreign subsidiary loss Balance as of December 31, 2021 ​ $ (38) ​ $ (128) ​ $ 4 ​ $ (162) Net changes prior to reverse recapitalization, net of tax benefit, $0 ​ ​ (59) ​ ​ — ​ ​ 12 ​ ​ (47) Allocated to non-controlling interest ​ ​ 85 ​ ​ 112 ​ ​ (14) ​ ​ 183 Net changes post reverse recapitalization, net of tax benefit, $0 ​ ​ (11) ​ ​ — ​ ​ 2 ​ ​ (9) Balance as of September 30, 2022 ​ $ (23) ​ $ (16) ​ $ 4 ​ $ (35) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain on ​ ​ ​ ​ Currency Defined cash flow hedge and ​ Total accumulated ​ ​ translation ​ benefit plan ​ hedge of investments ​ other comprehensive (in $ millions) adjustments related in foreign subsidiary loss Balance as of December 31, 2020 ​ $ (23) ​ $ (160) ​ $ 4 ​ $ (179) Net changes during the period, net of tax benefit, $0 ​ (13) ​ — ​ — ​ (13) Balance as of September 30, 2021 ​ $ (36) ​ $ (160) ​ $ 4 ​ $ (192) ​

Earnings (loss) per share

Earnings (loss) per share	9 Months Ended
	Sep. 30, 2022
Earnings (loss) per share
Earnings (loss) per share	(18) Earnings (loss) per share The Company’s basic earnings (loss) per share for the three and nine months ended September 30, 2022 is based on results for the period from the date of Business Combination, May 27, 2022 to September 30, 2022, the period where the Company had earnings (loss) attributable to Class A common stockholders. The Company’s diluted earnings (loss) per share for the three and nine months ended September 30, 2022 is based on the results of operations for the respective periods. This is because the numerator calculated for basic earnings (loss) per share adjusts for the results of operations that are attributable to the Class B common stockholders who are also the Continuing JerseyCo Owners of GBT JerseyCo (which is a predecessor to GBTG). The Company analyzed the calculations of net loss per share for periods prior to the Business Combination and determined that the values would not be meaningful to the users of these unaudited consolidated financial statements as it did not represent equity structure post Business Combination transaction. Basic earnings (loss) per share is based on the average number of shares of Class A common stock outstanding during the period. Diluted earnings (loss) per share is based on the average number of shares of Class A common stock used for the basic earnings per share calculation, adjusted for the dilutive effect of warrants, GBTG MIP Options and RSUs using the “treasury stock” method, and Earnout Shares and GBTG’s Class B common stock that convert into potential shares of Class A common stock, using the “if converted” method, to the extent they are dilutive. As discussed in note 15 – Earnout Shares Earnings Per Share As the exercise price of approximately 39 million warrants and approximately 36 million GBTG MIP Options is higher than the market price of the Class A common stock, including such warrants and GBTG MIP Options within the calculation of diluted earnings (loss) per share would have resulted in anti-dilutive effect on earnings (loss) per share. Similarly inclusion of GBTG’s Class B common stock generally has only nominal economic rights (limited to the right to receive up to the par value in the event of a liquidation, dissolution or winding up of GBTG). As such, basic earnings (loss) per share of Class B common stock have not been presented. However, as these shares can be converted to Class A common stock under the provisions of Exchange Agreement, Class B common stock has been included in the calculations of diluted earnings (loss) per share. The following table reconciles the numerators and denominators used in the computation of basic and diluted earnings (loss) per share from continuing operations: ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended (in $ millions, except share and per share data) ​ September 30, 2022 ​ September 30, 2022 Numerator – Basic and diluted earnings (loss) per share: ​ ​ Net (loss) income attributable to the Company’s Class A common stockholders (A) ​ $ (20) ​ $ 1 Add: Net loss attributable to non-controlling interests in subsidiaries (1) ​ (53) ​ (167) Net loss attributable to the Company’s Class A and Class B common stockholders – Diluted (B) ​ $ (73) ​ $ (166) ​ ​ ​ ​ ​ ​ ​ Denominator – Basic and diluted weighted average number of shares outstanding: ​ ​ Weighted average number of Class A common stock outstanding – Basic (C) ​ 48,867,969 ​ 48,867,969 Assumed conversion of Class B common stock (2) ​ — ​ 394,448,481 Weighted average number of Class A common stock outstanding – Diluted (D) ​ 48,867,969 ​ 443,316,450 ​ ​ ​ ​ ​ ​ ​ Basic earnings per share attributable to the Company’s Class A common stockholders: (A) / (C) ​ $ (0.43) ​ $ 0.02 ​ ​ ​ ​ ​ ​ ​ Diluted loss per share attributable to the Company’s Class A and Class B common stockholders: (B) / (D) ​ $ (0.43) ​ $ (0.38) (1) Primarily represents net loss attributed to the Continuing JerseyCo Owners for the periods prior to the Business Combination and their proportionate share of income (loss) after the Business Combination. (2) For the three months ended September 30, 2022, assumed conversion of Class B common stock has been excluded as their inclusion would have been anti-dilutive to basic loss per share .

Derivatives and Hedging

Derivatives and Hedging	9 Months Ended
	Sep. 30, 2022
Derivatives and Hedging
Derivatives and Hedging	(19) Derivatives and Hedging Except as mentioned below, the Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks. The Company does not hold or issue financial instruments for speculative or trading purposes. The Company does not offset derivative assets and liabilities within the consolidated balance sheets. Interest Rate Swap The Company is subject to market risk exposure arising from changes in interest rates on debt, which bears interest at variable rates. The Company has interest rate risk primarily related to its senior secured term loans under the senior secured credit agreement, which bear interest at a variable rate that is currently based on three-months LIBOR (subject to certain benchmark replacement provisions and certain interest rate floors, as applicable). In order to protect against potential higher interest costs resulting from anticipated increases in the benchmark rate for the senior secured tranche B-3 term loans, in February, 2022, Group Services B.V., a wholly owned subsidiary of GBTG and the borrower under the senior secured credit agreement, entered into an interest rate swap contract that fixed the benchmark interest rate with respect to a portion of the senior secured tranche B-3 term loans. The terms of such swap were initially linked to LIBOR as the benchmark rate, with a secured overnight financing rate (SOFR)-based rate replacing LIBOR as the benchmark rate for such swap, commencing in June 2023. The Company’s objective in using an interest rate swap derivative is to mitigate its exposure to increase / variability in LIBOR / SOFR interest rates. The interest rate swap was for a notional amount of debt of $600 million, for a period from March 2022 to March 2025 with fixed interest rate of 2.0725%. The interest rate swap was designated as a cash flow hedge that is highly effective at offsetting the increases in cash outflows when three-month LIBOR exceeds 2.0725%. In June 2022, the Company terminated this interest rate swap realizing $23 million in cash and simultaneously entered into another interest rate swap agreement, on substantially the same terms and conditions as the previous one, except the new fixed interest rate was contracted to be 3.6858%. Under ASC 815, Derivatives and Hedging Warrants and Earnout Shares As a result of the Business Combination, GBTG has issued and outstanding warrants (see note 14 – Warrants Earnout Shares As of September 30, 2022, the number of warrants and non-employee Earnout Shares issued and outstanding were approximately 39 million and 15 million respectively. Subsequent to the balance sheet, the Company exchanged all of its warrants for Class A common stock (see note 22 - Subsequent Events The following table presents the balance sheet location and fair value of the Company’s derivative instruments, on a gross basis, under ASC 815: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance sheet ​ As of ​ As of (in $millions) location September 30, 2022 December 31, 2021 Derivatives designated as hedging instruments ​ ​ Interest rate swaps ​ Other non-current assets ​ $ 8 — Derivatives not designated as hedging instruments ​ ​ ​ ​ Earnout Shares ​ Earnouts and warrants derivative liabilities ​ $ 65 — Warrants ​ Earnouts and warrants derivative liabilities ​ 62 — ​ ​ ​ ​ $ 127 — ​ The table below presents the impact of changes in fair values of derivatives on other comprehensive income (loss) and on net income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain/(loss) recognized in ​ Statement of ​ Amount of gain/(loss) recognized in ​ ​ other comprehensive loss ​ operations location ​ statements of operations ​ ​ Three months ended ​ Nine months ended ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30 ​ September 30 ​ ​ ​ September 30 ​ September 30 ​ 2022 2021 2022 2021 ​ 2022 2021 2022 2021 Derivatives designated as hedging instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap ​ $ 18 ​ — ​ $ 31 ​ — ​ NA ​ ​ — ​ — ​ ​ — ​ — Interest rate swap reclassed to statement of operations ​ ​ (2) ​ ​ ​ ​ (2) ​ ​ ​ Interest expense ​ $ 2 ​ — ​ $ 2 ​ — Derivatives not designated as hedging instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnout Share ​ ​ NA — ​ NA — Fair value movement on earnouts and warrants derivative liabilities ​ ​ 12 — ​ ​ 35 — Warrants ​ ​ NA — ​ NA — Fair value movement on earnouts and warrants derivative liabilities ​ (18) — ​ (5) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (4) — ​ $ 32 — ​

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Fair Value Measurements	(20) Fair Value Measurements Financial instruments which are measured at fair value, or for which a fair value is disclosed, are classified in the fair value hierarchy, as outlined below, on the basis of the observability of the inputs used in the fair value measurement: Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 — Valuations based on quoted prices in active markets for similar assets or liabilities, quoted prices in non-active markets or for which all significant inputs, other than quoted prices, are observable either directly or indirectly, or for which unobservable inputs are corroborated by market data. Level 3 — Valuations based on inputs that are unobservable and significant to overall fair value measurement. As of September 30, 2022, the Company’s financial assets and liabilities recorded at fair value on a recurring basis consist of its derivative instruments— interest rate swap, warrants and non-employee Earnout Shares. The fair value of the Company’s interest rate swap has been calculated using a discounted cash flow analysis by taking the present value of the fixed and floating rate cash flows utilizing the appropriate forward LIBOR and/or SOFR curves and the counterparty’s credit risk, which was determined to be not material. The fair value of public warrants is determined using its market price. As a result of the Exchange Offer that is more fully discussed in note 22 – Subsequent Events, the fair value of private warrants is also determined using market price of public warrants. Prior to this, the private warrants were valued using Black-Scholes model. The fair value of non-employee Earnout Shares is determined using Monte Carlo valuation method. Presented below is a summary of the gross carrying value and fair value of the Company’s assets and liabilities measured at a fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ Fair Value September 30, December 31, (in $ millions) Hierarchy 2022 2021 Interest rate swaps ​ Level 2 ​ $ 8 ​ $ — Non-employee Earnout Shares ​ Level 3 ​ ​ 65 ​ ​ — Public warrants ​ Level 1 ​ ​ 43 ​ ​ — Private warrants ​ Level 2 ​ ​ 19 ​ ​ — ​ The fair value of each Earnout Share (both employee and non-employee) was estimated using the Monte Carlo Option Pricing Method. Inherent in the Monte Carlo Option Pricing Method are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimated the volatility of the Earnout Shares based on implied volatility from historical volatility of select peer companies’ common stock that matches the expected remaining life of the Earnout Shares. The risk-free interest rate was based on the U.S. Treasury zero-coupon yield curve for a maturity similar to the expected remaining life of the Earnout Shares. The expected life of the Earnout Shares was assumed to be equivalent to their remaining contractual term. The Company anticipated the dividend rate will remain at zero. The following table presents the assumptions used for the initial measurement of the Earnout Shares on May 27, 2022 and to remeasure the fair value of outstanding non-employee earnout shares liabilities as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ May 27, ​ September 30, ​ 2022 2022 Stock price ($) ​ $ 7.39 ​ $ 5.66 ​ Risk-free interest rate ​ 2.81 % 4.09 % Volatility ​ 37.5 % 42.5 % Expected term (years) ​ 5.00 ​ 4.7 ​ Expected dividends ​ 0.0 % 0.0 % ​ ​ ​ ​ ​ ​ ​ ​ Fair value ($) (per Earnout Share – Tranche 1) ​ $ 4.82 ​ $ 3.15 ​ Fair value ($) (per Earnout Share – Tranche 2) ​ $ 3.98 ​ $ 2.56 ​ ​ The public warrants are valued using quoted market prices on the New York Stock Exchange under the ticker GBTG.WS and are included in Earnouts and warrants derivative liabilities on the consolidated balance sheets. As of May 27, 2022 and September 30, 2022, the price per public warrant was $1.33 and $1.57, respectively. On the closing date of the Business Combination, the fair value of private warrants was estimated using the Black-Scholes option pricing method. Inherent in the Black Scholes option pricing method are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimated the volatility of the private warrants based on implied volatility from historical volatility of select peer companies’ common stock that matches the expected remaining life of the private warrants. The risk-free interest rate was based on the U.S. Treasury zero-coupon yield curve for a maturity similar to the expected remaining life of the private warrants. The expected life of the private warrants was assumed to be equivalent to their remaining contractual term. The Company anticipated the dividend rate will remain at zero. On September 9, 2022, the Company made an offer to exchange all of its warrants, including private warrants, for Class A common stock (see note 22 – Subsequent Events The following table presents the assumptions used for the initial measurement of the private warrants on May 27, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 27, ​ ​ 2022 Stock price ($) ​ $ 7.39 ​ Exercise price ($) ​ $ 11.50 ​ Risk-free interest rate ​ 2.70 % Volatility ​ 37.5 % Expected term (years) ​ 5.00 ​ Expected dividends ​ 0.00 % ​ ​ ​ ​ ​ Fair value ($) (per private warrant) ​ $ 1.68 ​ ​ The following table presents changes in Level 3 financial liabilities measured at fair value for the period from the date of closing of the Business Combination, May 27, 2022, to September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-employee Private ​ Earnout Shares warrants As of date of Business Combination - May 27, 2022 ​ $ 100 ​ $ 21 Change in fair value ​ (35) ​ (2) Transferred to level 2 ​ ​ — ​ ​ (19) Balance as of September 30, 2022 ​ $ 65 ​ $ — ​ The Company does not measure its debt at fair value in its consolidated balance sheets. Where the fair value of the Company’s long-term debt is determined based on quoted prices for identical or similar debt instruments when traded as assets, it is categorized within Level 2 of the fair value hierarchy. Where quoted prices are not available, fair value is estimated using discounted cash flows and market-based expectation of interest rates, credit risks and contractual term of the debt instruments and is categorized within Level 3 of the fair value hierarchy. The fair values of the Company’s outstanding senior secured term loans are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ ​ Fair ​ September 30, 2022 ​ December 31, 2021 ​ ​ Value ​ Carrying ​ Fair ​ Carrying ​ Fair (in $ millions) Hierarchy amount (1) value amount (1) value Senior secured initial term loans Level 2 ​ $ 235 ​ $ 221 ​ $ 236 ​ $ 233 Senior secured tranche B-3 term loans Level 3 ​ $ 986 ​ $ 1,015 ​ $ 787 ​ $ 800 (1) Outstanding principal amount of the relevant class of senior secured term loans less unamortized debt discount and debt issuance costs with respect to such loans. The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses and other current liabilities approximate fair value due to the short-term maturities of these assets and liabilities. Certain assets and liabilities, including long-lived assets, goodwill and other intangible assets, are measured at fair value on a non-recurring basis.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions
Related Party Transactions	(21) Related Party Transactions The following summaries relate to certain related party transactions entered into by the Company with certain of its shareholders, its shareholders affiliates and the Company’s affiliates. Advisory Services Agreement Certares Management Corp. (“Certares”), an indirect equity owner of the Company, provides certain advisory services to the Company for which fees of $0 and $0.7 million were incurred for the three months ended September 30, 2022 and 2021, respectively, and fees of $1 million and $2 million were incurred for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company had $5.4 million and $4.4 million as amounts payable to Certares under this agreement. This agreement terminated upon the closing of the Business Combination. Commercial Agreements The Company has various commercial agreements with the affiliates of Amex Coop. In respect of such agreement, included in the operating costs are costs of approximately $7 million and $3 million for the three months ended September 30, 2022 and 2021, respectively and costs of $18 million and $7 million in charges from affiliates of Amex Coop for the nine months ended September 30, 2022 and 2021, respectively. Revenues also include revenue from affiliates of Amex Coop of approximately $6 million and $5 million for the three months ended September 30, 2022 and 2021, respectively, and revenue of $16 million and $14 million for the nine months ended September 30, 2022 and 2021, respectively. Amounts payable to affiliates of Amex Coop under these agreements as of September 30, 2022 and December 31, 2021, were $33 million and $16 million, respectively. Amounts receivable from affiliates of Amex Coop under these agreements was $11 million and $15 million as of September 30, 2022 and December 31, 2021, respectively. Effective upon, the closing of the Business Combination, the parties amended the terms of certain of these commercial arrangements. Apart from above, there are certain tax indemnity and other agreements between the Company and affiliates of Amex Coop. Amounts payable to affiliates of Amex Coop in respect of such agreements was $2 million as of both September 30, 2022 and December 31, 2021. Amounts receivable from affiliates of Amex Coop in respect of such agreements were $0.2 million and $0.3 million as of September 30, 2022 and December 31, 2021, respectively. License of American Express Marks GBT US LLC, a wholly owned subsidiary of GBTG, has entered into a royalty-free trademark license agreement with an affiliate of Amex Coop pursuant to which GBT US LLC was granted a license to use, and the right to sublicense to certain subsidiaries of GBTG the right to use, the American Express trademarks used in the American Express Global Business Travel and American Express Meetings & Events brands for business travel, business consulting and meetings and events businesses on a royalty-free, exclusive, non- assignable, non-sublicensable (other than as set out in the agreement), and worldwide basis. Effective upon closing of the Business Combination, the parties amended and restated the foregoing trademark license agreement to grant GBT Travel Services UK Limited (“GBT UK”), an indirect wholly owned subsidiary of GBTG, a long-term, 11-year license (unless earlier terminated or extended) pursuant to which GBT UK, all wholly owned operating subsidiaries of GBTG and other permitted sublicensees will license the American Express trademarks used in the American Express Global Business Travel brand, transition the American Express Meetings & Events brand to the American Express GBT Meetings & Events brand, and license the American Express trademarks used in the American Express GBT Meetings & Events brand for business travel, meetings and events, business consulting and other services related to business travel (“Business Travel Services”). This amended and restated trademark license agreement also provided GBTG the flexibility to operate non-Business Travel Services businesses under brands that do not use any trademarks owned by American Express, subject to certain permissibility and other requirements. Exchange Agreement See note 6 - Reverse Recapitalization New Shareholders Agreement At the closing of the Business Combination, GBTG, GBT JerseyCo and the Continuing JerseyCo Owners entered into a Shareholders Agreement (the “New Shareholders Agreement”). The New Shareholders Agreement sets forth various restrictions, limitations and other terms concerning the transfer of equity securities of GBTG and GBT JerseyCo by the parties thereto (other than, in most circumstances, the A ordinary shares of GBT JerseyCo). Among other matters, and subject to certain terms, conditions and exceptions, the Shareholders Agreement prohibits each Continuing JerseyCo Owner, severally and not jointly, from effecting transfers of such equity securities to certain specified restricted persons, as well as transfers that would violate applicable securities laws or cause GBT JerseyCo to be treated other than as a pass-through entity for U.S. federal income tax purposes. The New Shareholders Agreement specifies the initial composition of the GBTG Board, effective immediately upon the closing and sets out the composition and appointment of the GBTG Board. The New Shareholders Agreement will also require (subject to certain specified conditions and exceptions including those described below) the approval of each Continuing JerseyCo Owner for GBTG or its subsidiaries to take certain actions, including: (i) the redemption, cancellation or repayment of any equity securities of GBTG or GBT JerseyCo, other than on a pro rata basis from all shareholders; (ii) dividends or distributions, other than on a pro rata basis; (iii) any share exchanges, splits, combinations and similar actions with respect to one or more, but not all, classes or series of GBTG or GBT JerseyCo shares; (iv) amendments to GBT JerseyCo’s organizational documents that relate specifically and solely to rights, priorities and privileges of the B ordinary shares or the C ordinary shares of GBT JerseyCo, as applicable; or (v) any agreement or commitment to do any of the foregoing. Further, the New Shareholders Agreement also provides for various provisions for shareholder rights, termination of such rights, cash distributions to satisfy tax liabilities of the GBT JerseyCo’s shareholders, etc. subject to certain terms and conditions as set out in the agreement. Commercial and Operating Agreements with Expedia An affiliate of GBTG and an affiliate of Expedia entered into a ten-year term marketing partner agreement to provide the GBTG’s business clients with access to Expedia group’s hotel content. As a result of this agreement, the Company recognized revenue of $30 million and $90 million for the three and nine months ended September 30, 2022. The Company had $17 million and $4 million receivable from the affiliate of Expedia as of September 30, 2022 and December 31, 2021, respectively. GBT UK has entered into a Transition Services Agreement with Expedia, Inc. (the “Egencia TSA”), pursuant to which Expedia, Inc. (an affiliate of Expedia) and its affiliates provide certain transition services to GBT UK and its affiliates to facilitate an orderly transfer of Egencia from Expedia to GBTG. For the three and nine months ended September 30, 2022, the total cost charged to the Company was approximately $8 million and $28 million that was included in the Company’s consolidated statements of operations and as of September 30, 2022 and December 31, 2021 the Company had a payable to Expedia Inc. of $6 million and $8 million, respectively. Further, as of September 30, 2022 and December 31, 2021, Egencia had a net receivable of $14 million and a payable of $16 million to Expedia, respectively, primarily on account of pre-acquisition transactions between Egencia and Expedia and on account of net cash settled on behalf of Expedia by Egencia during the nine months ended September 30, 2022. During the three months ended September 30, 2022, the Company recognized a charge of $19 million in its statement of operations for a loss contingency as it became probable that the Company will pay the amount to Expedia for a contingent event that existed as of the Egencia acquisition date.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events
Subsequent Events	(22) Subsequent Events Exchange of Warrants for Class A common stock On October 12, 2022, GBTG completed its previously announced exchange offer (the “Exchange Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding public and private warrants. Holders of the warrants that were tendered prior to the expiration of the Exchange Offer and Consent Solicitation received 0.275 shares of Class A common stock in exchange for each warrant tendered. GBTG issued 10,444,363 shares of Class A common stock in exchange for the warrants tendered in the Exchange Offer. The Company also entered into the related amendment to the warrant agreement governing the warrants (the “Warrant Amendment”) and exercised its right under the Warrant Amendment to acquire and retire all remaining untendered warrants in exchange for shares of its Class A common stock at an exchange ratio of 0.2475 shares of Class A common stock for each warrant (the “Mandatory Exchange”). The Mandatory Exchange was settled on October 31, 2022, and GBTG issued an additional Subsequent to the completion of the Mandatory Exchange, there are no warrants outstanding and the Company had 67,753,543 shares of Class A common stock issued and outstanding

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Significant Accounting Policies
Warrant Instruments and Earnout Shares Liabilities	Warrant Instruments and Earnout Shares Liabilities The Company accounts for its (i) public and privately issued warrants (see note 14 – Warrants Subsequent Events Earnout Shares Derivatives and Hedging The fair value of warrants is determined using a market price for the public warrants and, when relevant, Black-Scholes model for the private warrants. The Black-Scholes model utilizes inputs and other assumptions and may not be reflective of the price at which they can be settled. The balance sheet classification of warrant liability is also subject to re-evaluation at each reporting period. As of September 30, 2022, (i) the public warrants were valued using the publicly available price for such warrants and were categorized as level 1 on the fair value hierarchy and (ii) the private warrants were also valued using price of the public warrants and were categorized as level 2 on the fair value hierarchy (see notes 14 – Warrants Fair Value Measurements The fair value of Earnout Shares was determined using Monte Carlo valuation method and were categorized as level 3 on the fair value hierarchy (see note 20 – Fair Value Measurements
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Income Taxes In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, “ Income taxes (Topic 740): Simplifying the Accounting for Income Taxes Freestanding Equity-Classified Written Call Options In May 2021, the FASB issued ASU No. 2021-04, “ Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options Disclosures about Government Assistance In November 2021, the FASB issued ASU No. 2021-10, “ Disclosures by Business Entities about Government Assistance Governments of multiple countries extended several programs to help businesses during the COVID-19 pandemic through loans, wage subsidies, tax relief or deferrals and other financial aid. During previous periods, the Company participated in several of these government programs. A substantial portion of these government support payments were to ensure that the Company continues to pay and maintain the employees on its payroll and does not make them redundant as the demand for travel services significantly reduced due to the COVID -19 pandemic. During the three months ended September 30, 2022, and 2021, the Company recognized in its consolidated statements of operations government grants and other assistance benefits for salaries and wages (mainly furlough support payments) of $0 and $9 million, respectively, as a reduction of expenses. During the nine months ended September 30, 2022, and 2021, the Company recognized in its consolidated statements of operations government grants and other assistance benefits for salaries and wages (mainly furlough support payments) of $10 million and $53 million, respectively, as a reduction of expenses. As of September 30, 2022, and December 31, 2021, the Company had a receivable of $0 and $6 million, respectively, in relation to such government grants, which is included in the accounts receivable balance in the consolidated balance sheets. These relate to payments that are expected to be received under the government programs where the Company has met the qualifying requirements and it is probable that payments will be received. Accounting Pronouncements — Not Yet Adopted Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Reference rate reforms In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. Contracts with Customers Acquired in a Business Combination In October 2021, the FASB issued ASU No. 2021-08, “ Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contracts with Customers
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, Nine months ended September 30, (in $ millions) 2022 2021 2022 2021 Travel revenue ​ $ 387 ​ $ 120 ​ $ 1,032 ​ $ 261 Products and professional services revenue ​ 101 ​ 77 ​ 292 ​ 215 Total revenue ​ $ 488 ​ $ 197 ​ $ 1,324 ​ $ 476
Schedule of accounts receivables, net, and contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract Contract ​ ​ ​ ​ ​ liabilities ​ liabilities ​ ​ Accounts ​ Client ​ Deferred ​ ​ receivables, ​ incentives, net ​ revenue (in $ millions) net (1) (non-current) (current) Balance as of September 30, 2022 ​ $ 781 ​ $ 15 ​ $ 22 Balance as of December 31, 2021 ​ $ 375 ​ $ 3 ​ $ 18 (1) Accounts receivables, net, exclude balances not related to contracts with customers. During the three months ended September 30, 2022 and 2021, the Company recorded $7 million and $0 , respectively, for allowance for doubtful accounts and during the nine months ended September 30, 2022 and 2021, the Company recorded $8 million and $(4) million for allowance for (release of) doubtful debts, respectively, in its consolidated statements of operations.

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Prepaid Expenses and Other Current Assets
Schedule of prepaid expenses and other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Prepaid operating expenses ​ $ 76 ​ $ 42 Income tax receivable / prepayments ​ 31 ​ 32 Value added and similar taxes receivables ​ 13 ​ 11 Deferred offering costs ​ — ​ 21 Other prepayments and receivables ​ 37 ​ 31 Prepaid expenses and other current assets ​ $ 157 ​ $ 137

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Property and Equipment, Net
Schedule of property and equipment, net	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Capitalized software for internal use ​ $ 316 ​ $ 304 Computer equipment ​ 83 ​ 65 Leasehold improvements ​ 49 ​ 52 Furniture, fixtures and other equipment ​ 6 ​ 6 Capital projects in progress ​ 35 ​ 9 ​ ​ 489 ​ 436 Less: accumulated depreciation and amortization ​ (272) ​ (220) Property and equipment, net ​ $ 217 ​ $ 216

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Other Intangible Assets, Net
Schedule of changes in goodwill	​ ​ ​ ​ ​ (in $ millions) Amount Balance as of December 31, 2021 ​ $ 1,358 Egencia acquisition adjustments (1) ​ (118) Currency translation adjustments ​ (92) Balance as of September 30, 2022 ​ $ 1,148 (1) Includes adjustments for (i) $6 million related to additional shares issued to Expedia in the second quarter of 2022 upon finalization of working capital adjustments that increased the goodwill balance and (ii) $124 million related to deferred tax assets recognized in the third quarter of 2022 that decreased the goodwill balance (see note 7 – Business Acquisitions – Acquisition of Egencia ).
Schedule of other intangible assets with definite lives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ (in $ millions) Cost depreciation Net Cost depreciation Net Trademarks/tradenames ​ $ 115 ​ $ (67) ​ $ 48 ​ $ 115 ​ $ (62) ​ $ 53 Business client relationships ​ 815 ​ (264) ​ 551 ​ 815 ​ (189) ​ 626 Supplier relationship ​ 254 ​ (207) ​ 47 ​ 254 ​ (188) ​ 66 Travel partner network ​ 4 ​ (3) ​ 1 ​ 4 ​ (3) ​ 1 Other intangible assets ​ $ 1,188 ​ $ (541) ​ $ 647 ​ $ 1,188 ​ $ (442) ​ $ 746

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Accrued Expenses and Other Current Liabilities
Schedule of accrued expenses and other current liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Accrued payroll and related costs ​ $ 161 ​ $ 198 Accrued operating expenses ​ 145 ​ 147 Client deposits ​ ​ 46 ​ ​ 59 Deferred revenue ​ ​ 22 ​ ​ 18 Accrued restructuring costs (see note 10) ​ 13 ​ 69 Value added and similar taxes payable ​ 6 ​ 6 Income tax payable ​ 7 ​ 7 Other payables ​ 9 ​ 15 Accrued expenses and other current liabilities ​ $ 409 ​ $ 519

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring
Schedule of accrued restructuring cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in $ millions) Employee related Facility Total Balance as of December 31, 2021 ​ $ 64 ​ $ 5 ​ $ 69 Reversal of accruals ​ (3) ​ (2) ​ (5) Cash settled ​ (51) ​ — ​ (51) Balance as of September 30, 2022 ​ $ 10 ​ $ 3 ​ $ 13

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Long-term Debt.
Schedule of outstanding amount of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ December 31, (in $ millions) 2022 2021 Senior Secured Credit Agreement ​ ​ ​ ​ ​ Principal amount of senior secured initial term loans (Maturity – August 2025) (1) ​ $ 240 ​ $ 242 Principal amount of senior secured tranche B-3 term loans (Maturity – December 2026) (2) ​ 1,000 ​ 800 Principal amount of senior secured revolving credit facility (Maturity – August 2023) (3) ​ — ​ — ​ ​ 1,240 ​ 1,042 Less: Unamortized debt discount and debt issuance costs ​ (19) ​ (19) Total debt, net of unamortized debt discount and debt issuance costs ​ 1,221 ​ 1,023 Less: Current portion of long-term debt ​ (3) ​ (3) Long-term debt, non-current, net of unamortized debt discount and debt issuance costs ​ $ 1,218 ​ $ 1,020 (1) Stated interest rate of LIBOR + 2.50% as of September 30, 2022 and December 31, 2021. (2) Stated interest rate of LIBOR + 6.50% (with a LIBOR floor of 1.00% ) as of September 30, 2022 and December 31, 2021. (3) Stated interest rate of LIBOR + 2.25% as of September 30, 2022 and December 31, 2021.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity
Summary of changes in the accumulated other comprehensive loss, net of tax	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain on ​ ​ ​ ​ ​ Currency ​ Defined ​ cash flow hedge and ​ Total accumulated ​ ​ translation ​ benefit plan ​ hedge of investments ​ other comprehensive (in $ millions) adjustments related in foreign subsidiary loss Balance as of December 31, 2021 ​ $ (38) ​ $ (128) ​ $ 4 ​ $ (162) Net changes prior to reverse recapitalization, net of tax benefit, $0 ​ ​ (59) ​ ​ — ​ ​ 12 ​ ​ (47) Allocated to non-controlling interest ​ ​ 85 ​ ​ 112 ​ ​ (14) ​ ​ 183 Net changes post reverse recapitalization, net of tax benefit, $0 ​ ​ (11) ​ ​ — ​ ​ 2 ​ ​ (9) Balance as of September 30, 2022 ​ $ (23) ​ $ (16) ​ $ 4 ​ $ (35) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain on ​ ​ ​ ​ Currency Defined cash flow hedge and ​ Total accumulated ​ ​ translation ​ benefit plan ​ hedge of investments ​ other comprehensive (in $ millions) adjustments related in foreign subsidiary loss Balance as of December 31, 2020 ​ $ (23) ​ $ (160) ​ $ 4 ​ $ (179) Net changes during the period, net of tax benefit, $0 ​ (13) ​ — ​ — ​ (13) Balance as of September 30, 2021 ​ $ (36) ​ $ (160) ​ $ 4 ​ $ (192)

Earnings (loss) per share (Tabl

Earnings (loss) per share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings (loss) per share
Schedule of earnings per share basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended (in $ millions, except share and per share data) ​ September 30, 2022 ​ September 30, 2022 Numerator – Basic and diluted earnings (loss) per share: ​ ​ Net (loss) income attributable to the Company’s Class A common stockholders (A) ​ $ (20) ​ $ 1 Add: Net loss attributable to non-controlling interests in subsidiaries (1) ​ (53) ​ (167) Net loss attributable to the Company’s Class A and Class B common stockholders – Diluted (B) ​ $ (73) ​ $ (166) ​ ​ ​ ​ ​ ​ ​ Denominator – Basic and diluted weighted average number of shares outstanding: ​ ​ Weighted average number of Class A common stock outstanding – Basic (C) ​ 48,867,969 ​ 48,867,969 Assumed conversion of Class B common stock (2) ​ — ​ 394,448,481 Weighted average number of Class A common stock outstanding – Diluted (D) ​ 48,867,969 ​ 443,316,450 ​ ​ ​ ​ ​ ​ ​ Basic earnings per share attributable to the Company’s Class A common stockholders: (A) / (C) ​ $ (0.43) ​ $ 0.02 ​ ​ ​ ​ ​ ​ ​ Diluted loss per share attributable to the Company’s Class A and Class B common stockholders: (B) / (D) ​ $ (0.43) ​ $ (0.38) (1) Primarily represents net loss attributed to the Continuing JerseyCo Owners for the periods prior to the Business Combination and their proportionate share of income (loss) after the Business Combination. (2) For the three months ended September 30, 2022, assumed conversion of Class B common stock has been excluded as their inclusion would have been anti-dilutive to basic loss per share .

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	9 Months Ended
	Sep. 30, 2022
Derivatives and Hedging
Schedule of balance sheet location and fair value of Company's derivative instruments, on a gross basis, under ASC 815	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance sheet ​ As of ​ As of (in $millions) location September 30, 2022 December 31, 2021 Derivatives designated as hedging instruments ​ ​ Interest rate swaps ​ Other non-current assets ​ $ 8 — Derivatives not designated as hedging instruments ​ ​ ​ ​ Earnout Shares ​ Earnouts and warrants derivative liabilities ​ $ 65 — Warrants ​ Earnouts and warrants derivative liabilities ​ 62 — ​ ​ ​ ​ $ 127 —
Schedule of impact of changes in fair values of derivatives on other comprehensive income (loss) and on net income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain/(loss) recognized in ​ Statement of ​ Amount of gain/(loss) recognized in ​ ​ other comprehensive loss ​ operations location ​ statements of operations ​ ​ Three months ended ​ Nine months ended ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30 ​ September 30 ​ ​ ​ September 30 ​ September 30 ​ 2022 2021 2022 2021 ​ 2022 2021 2022 2021 Derivatives designated as hedging instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap ​ $ 18 ​ — ​ $ 31 ​ — ​ NA ​ ​ — ​ — ​ ​ — ​ — Interest rate swap reclassed to statement of operations ​ ​ (2) ​ ​ ​ ​ (2) ​ ​ ​ Interest expense ​ $ 2 ​ — ​ $ 2 ​ — Derivatives not designated as hedging instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnout Share ​ ​ NA — ​ NA — Fair value movement on earnouts and warrants derivative liabilities ​ ​ 12 — ​ ​ 35 — Warrants ​ ​ NA — ​ NA — Fair value movement on earnouts and warrants derivative liabilities ​ (18) — ​ (5) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (4) — ​ $ 32 —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Summary of gross carrying value and fair value of Company's assets and liabilities measured at fair value on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ Fair Value September 30, December 31, (in $ millions) Hierarchy 2022 2021 Interest rate swaps ​ Level 2 ​ $ 8 ​ $ — Non-employee Earnout Shares ​ Level 3 ​ ​ 65 ​ ​ — Public warrants ​ Level 1 ​ ​ 43 ​ ​ — Private warrants ​ Level 2 ​ ​ 19 ​ ​ —
Schedule of changes in Level 3 financial liabilities measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ Non-employee Private ​ Earnout Shares warrants As of date of Business Combination - May 27, 2022 ​ $ 100 ​ $ 21 Change in fair value ​ (35) ​ (2) Transferred to level 2 ​ ​ — ​ ​ (19) Balance as of September 30, 2022 ​ $ 65 ​ $ —
Summary of fair values of the Company's outstanding senior secured term loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ ​ Fair ​ September 30, 2022 ​ December 31, 2021 ​ ​ Value ​ Carrying ​ Fair ​ Carrying ​ Fair (in $ millions) Hierarchy amount (1) value amount (1) value Senior secured initial term loans Level 2 ​ $ 235 ​ $ 221 ​ $ 236 ​ $ 233 Senior secured tranche B-3 term loans Level 3 ​ $ 986 ​ $ 1,015 ​ $ 787 ​ $ 800 (1) Outstanding principal amount of the relevant class of senior secured term loans less unamortized debt discount and debt issuance costs with respect to such loans.
Non-employee Earnout Shares
Fair Value Measurements
Schedule of assumptions used for initial measurement of equity instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ May 27, ​ September 30, ​ 2022 2022 Stock price ($) ​ $ 7.39 ​ $ 5.66 ​ Risk-free interest rate ​ 2.81 % 4.09 % Volatility ​ 37.5 % 42.5 % Expected term (years) ​ 5.00 ​ 4.7 ​ Expected dividends ​ 0.0 % 0.0 % ​ ​ ​ ​ ​ ​ ​ ​ Fair value ($) (per Earnout Share – Tranche 1) ​ $ 4.82 ​ $ 3.15 ​ Fair value ($) (per Earnout Share – Tranche 2) ​ $ 3.98 ​ $ 2.56 ​
Private warrants
Fair Value Measurements
Schedule of assumptions used for initial measurement of equity instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 27, ​ ​ 2022 Stock price ($) ​ $ 7.39 ​ Exercise price ($) ​ $ 11.50 ​ Risk-free interest rate ​ 2.70 % Volatility ​ 37.5 % Expected term (years) ​ 5.00 ​ Expected dividends ​ 0.00 % ​ ​ ​ ​ ​ Fair value ($) (per private warrant) ​ $ 1.68 ​

Business Description and Basi_2

Business Description and Basis of Presentation (Details) $ in Millions	3 Months Ended					9 Months Ended
	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Business Description and Basis of Presentation
Number of Reportable Segments | segment						1
Net loss	$ 73	$ 91	$ 106	$ 55	$ 114	$ 166	$ 275
Cash outflows from operations						$ 390	$ 343

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Significant Accounting Policies
Government grants and other assistance benefits for salaries and wages	$ 0	$ 9	$ 10	$ 53
Government grants receivable	$ 0		$ 0		$ 6

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contracts with Customers
Total revenue	$ 488	$ 197	$ 1,324	$ 476
Minimum
Revenue from Contracts with Customers
Invoice payment period			30 days
Maximum
Revenue from Contracts with Customers
Invoice payment period			60 days
Travel revenue
Revenue from Contracts with Customers
Total revenue	387	120	$ 1,032	261
Products and professional services revenue
Revenue from Contracts with Customers
Total revenue	$ 101	$ 77	$ 292	$ 215

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Opening and closing balances of the Company's accounts receivables, net, contract assets and contract liabilities
Accounts receivables, net	$ 781		$ 781		$ 375
Contract liabilities / Client incentives, net (non-current)	15		15		3
Contract liabilities / Deferred revenue (current)	22		22		$ 18
Allowance for (release of) doubtful debts	7	$ 0	8	$ (4)
Revenue recognized that was included in the deferred revenue balance as of December 31, 2021			12
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Opening and closing balances of the Company's accounts receivables, net, contract assets and contract liabilities
Remaining performance obligations	$ 20		$ 20
Period for satisfying performance obligations	15 months		15 months

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Prepaid Expenses and Other Current Assets
Prepaid operating expenses	$ 76	$ 42
Income tax receivable / prepayments	31	32
Value added and similar taxes receivables	13	11
Deferred offering costs		21
Other prepayments and receivables	37	31
Prepaid expenses and other current assets	$ 157	$ 137

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property and Equipment, Net
Property and equipment, gross	$ 489		$ 489		$ 436
Less: accumulated depreciation and amortization	(272)		(272)		(220)
Property and equipment, net	217		217		216
Depreciation and amortization expense related to fixed assets	21	$ 18	64	$ 57
Amortization expense related to capitalized software	16	$ 13	45	$ 38
Capitalized software for internal use
Property and Equipment, Net
Property and equipment, gross	316		316		304
Computer equipment
Property and Equipment, Net
Property and equipment, gross	83		83		65
Leasehold improvements
Property and Equipment, Net
Property and equipment, gross	49		49		52
Furniture, fixtures and other equipment
Property and Equipment, Net
Property and equipment, gross	6		6		6
Capital projects in progress
Property and Equipment, Net
Property and equipment, gross	$ 35		$ 35		$ 9

Reverse Recapitalization (Detai

Reverse Recapitalization (Details) - USD ($) $ in Millions	May 27, 2022	Sep. 30, 2022	Dec. 02, 2021
PIPE
Reverse Recapitalization
Proceeds from issuance of common stock	$ 323.5
PIPE | APSG
Reverse Recapitalization
Aggregate common stock subscribed purchase price			$ 2
Common Class A [Member]
Reverse Recapitalization
Common shares outstanding		56,945,033
Common Class A [Member] | IPO
Reverse Recapitalization
Common stock subscribed			33,500,000
Common Class A [Member] | PIPE
Reverse Recapitalization
Aggregate common stock subscribed purchase price			$ 335
Common Class B [Member]
Reverse Recapitalization
Common shares outstanding		394,448,481
Global Business Travel Jersey Co
Reverse Recapitalization
Equity interest ownership percentage			13%
Global Business Travel Group, Inc
Reverse Recapitalization
Voting interest percentage			100%
Proceeds from issuance of common stock	365
Cash	$ 42
Global Business Travel Group, Inc | Common Class A [Member]
Reverse Recapitalization
Common shares outstanding	56,945,033	56,945,033
Global Business Travel Group, Inc | Common Class B [Member]
Reverse Recapitalization
Common shares outstanding	394,448,481	394,448,481

Business Acquisitions (Details)

Business Acquisitions (Details) $ in Millions			3 Months Ended			9 Months Ended
	Nov. 01, 2021 USD ($) shares	Jan. 21, 2021 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisitions
Number of businesses acquired | item						0
Goodwill			$ 1,148			$ 1,148		$ 1,358
Additional deferred tax assets			124			124
Ovation
Business Acquisitions
Purchase consideration		$ 57
Deferred Contingent consideration		4	4			4
Goodwill		36
Amortizing intangible assets acquired		29
Net liabilities assumed		8
Acquisition related cost		3
Revenue					$ 7		$ 14
Net loss					8		17
Ovation | Business client relationships
Business Acquisitions
Amortizing intangible assets acquired		$ 25
Intangible assets, Estimated useful lives		10 years
Ovation | Trade Names
Business Acquisitions
Amortizing intangible assets acquired		$ 4
Intangible assets, Estimated useful lives		5 years
Egencia
Business Acquisitions
Additional deferred tax assets			124			124
Loss contingency			19
Revenue			98			271
Net loss			$ 20			$ 54
Number of non-voting ordinary shares issued | shares	8,413,972
Fair value	$ 816
Proforma revenue					245		579
Proforma net loss					$ 163		$ 489
Egencia | GBT JerseyCo
Business Acquisitions
Percentage of equity interests acquired	19%
EG Corporate Travel Holdings LLC (Expedia)
Business Acquisitions
Number of non-voting ordinary shares issued | shares				59,111
Working capital adjustments payable				$ 6

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Changes in goodwill (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in goodwill
Beginning balance				$ 1,358
Egencia acquisition adjustments				(118)
Currency translation adjustments				(92)
Ending balance	$ 1,148			1,148
Deferred tax assets recognized	124			124
Goodwill impairment loss	0		$ 0	0	$ 0
Accumulated goodwill impairment loss	$ 0			$ 0
EG Corporate Travel Holdings LLC (Expedia)
Changes in goodwill
Working capital adjustments payable		$ 6

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Other intangible assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Other intangible assets with definite lives
Cost	$ 1,188		$ 1,188		$ 1,188
Accumulated depreciation	(541)		(541)		(442)
Net	647		647		746
Amortization expense	24	$ 16	70	$ 47
Trademarks/tradenames
Other intangible assets with definite lives
Cost	115		115		115
Accumulated depreciation	(67)		(67)		(62)
Net	48		48		53
Business client relationships
Other intangible assets with definite lives
Cost	815		815		815
Accumulated depreciation	(264)		(264)		(189)
Net	551		551		626
Supplier relationship
Other intangible assets with definite lives
Cost	254		254		254
Accumulated depreciation	(207)		(207)		(188)
Net	47		47		66
Travel partner network
Other intangible assets with definite lives
Cost	4		4		4
Accumulated depreciation	(3)		(3)		(3)
Net	$ 1		$ 1		$ 1

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Accrued Expenses and Other Current Liabilities
Accrued payroll and related costs	$ 161	$ 198
Accrued operating expenses	145	147
Client deposits	46	59
Deferred revenue	22	18
Accrued restructuring costs (see note 10)	13	69
Value added and similar taxes payable	6	6
Income tax payable	7	7
Other payables	9	15
Accrued expenses and other current liabilities	$ 409	$ 519

Restructuring (Details)

Restructuring (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Restructuring Charges
Beginning balance	$ 69
Reversal of accruals	(5)
Cash settled	(51)
Ending balance	13
Employee related
Restructuring Charges
Beginning balance	64
Reversal of accruals	(3)
Cash settled	(51)
Ending balance	10
Facility
Restructuring Charges
Beginning balance	5
Reversal of accruals	(2)
Ending balance	$ 3

Long-term Debt - Summary (Detai

Long-term Debt - Summary (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Long-term Debt
Less: Current portion of long-term debt	$ (3)	$ (3)
Long-term debt, non-current, net of unamortized debt discount and debt issuance costs	1,218	1,020
Senior Secured Credit Agreement
Long-term Debt
Long-term debt, gross	1,240	1,042
Less: Unamortized debt discount and debt issuance costs	(19)	(19)
Total debt, net of unamortized debt discount and debt issuance costs	1,221	1,023
Less: Current portion of long-term debt	(3)	(3)
Long-term debt, non-current, net of unamortized debt discount and debt issuance costs	1,218	1,020
Senior Secured Credit Agreement | Senior secured initial term loans
Long-term Debt
Long-term debt, gross	$ 240	$ 242
Senior Secured Credit Agreement | Senior secured initial term loans | LIBOR
Long-term Debt
Basis spread (percentage)	2.50%	2.50%
Senior Secured Credit Agreement | Senior secured tranche B-3 term loans
Long-term Debt
Long-term debt, gross	$ 1,000	$ 800
Senior Secured Credit Agreement | Senior secured tranche B-3 term loans | LIBOR
Long-term Debt
Basis spread (percentage)	6.50%	6.50%
Basis floor (percentage)	1%	1%
Senior Secured Credit Agreement | Senior secured revolving credit facility | LIBOR
Long-term Debt
Basis spread (percentage)	2.25%	2.25%

Long-term Debt - Additional dis

Long-term Debt - Additional disclosures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Long-term Debt
Repayment of senior secured term loans			$ 2	$ 6
Unconditional guarantee, Percentage of EBITDA			70%
Minimum
Long-term Debt
Unconditional guarantee, Percentage of consolidated assets			70%
Unconditional guarantee, Amount of EBITDA			$ 100
Tranche B 3 DDTL Facility
Long-term Debt
Debt principal amount		$ 200
Remaining borrowing capacity		$ 0
Unused commitment fee (percentage)		3%
Senior secured initial term loans
Long-term Debt
Payment of contractual quarterly installment	$ 1		1
Repayment of senior secured term loans	2		$ 2
Senior secured revolving credit facility
Long-term Debt
Unused commitment fee (percentage)			0.375%
Outstanding borrowings	0		$ 0		$ 0
Senior secured revolving credit facility | Line of credit, foreign currencies
Long-term Debt
Maximum borrowing capacity	30		30
Senior secured revolving credit facility | Letters of credit
Long-term Debt
Maximum borrowing capacity	10		10
Senior secured revolving credit facility | Swingline borrowings
Long-term Debt
Maximum borrowing capacity	$ 10		$ 10
Senior secured credit agreement
Long-term Debt
Percentage of annual excess cash flow			50%
Percentage of net cash proceeds from certain asset sales and casualty events			100%
Percentage of net cash proceeds from the incurrence of certain indebtedness			100%
Percentage of net cash proceeds from the consummation of any initial public offering			50%
Effective interest rate	7.50%		7.50%
Senior secured credit agreement | Minimum
Long-term Debt
Minimum aggregate amount of Liquidity	$ 200		$ 200
Leverage ratio			1%
Senior secured credit agreement | Maximum
Long-term Debt
Leverage ratio			3.25%
Senior secured credit agreement | Letters of credit | Minimum
Long-term Debt
Percentage of outstanding loans and letter of credit exceeds the aggregate principal amount			35%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Sep. 30, 2022 USD ($)
Commitments and Contingencies.
Outstanding non-cancellable purchase commitments	$ 186
Non-cancellable purchase commitments related to the next twelve months	77
Bank guarantees	$ 19

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes
Deferred tax asset, foreign tax credits	$ 26			$ 26
Deferred tax liability, undistributed foreign earnings	40			40
Net deferred tax liability	14			14
Deferred tax assets recognized	124			$ 124
Statutory income tax rate				21%
Income tax benefit	$ 10	$ 31		$ 39	$ 126
Additional deferred tax benefit			$ 35
Effective income tax rate	12%	23%		19%	32%
Minimum
Income Taxes
U.K.'s enacted tax rates			19%
Maximum
Income Taxes
U.K.'s enacted tax rates			25%

Warrants (Details)

Warrants (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Nov. 01, 2022	Oct. 31, 2022	Oct. 12, 2022	Sep. 09, 2022
Warrants
Warrants outstanding	39,451,067	39,451,067
Exercise price	$ 11.50	$ 11.50
Warrant liability	$ 62	$ 62
Fair value change in warrant liability	$ 18	$ 5
Subsequent Event
Warrants
Warrants outstanding			0
Common Class A [Member]
Warrants
Number of shares per each warrant						0.275
Common Class A [Member] | Subsequent Event
Warrants
Number of shares per each warrant					0.275
Related amendment to the warrant agreement | Common Class A [Member] | Subsequent Event
Warrants
Number of shares per each warrant				0.2475
Private warrants
Warrants
Warrants outstanding	12,224,134	12,224,134
Public warrants
Warrants
Warrants outstanding	27,226,933	27,226,933

Earnout Shares (Details)

Earnout Shares (Details) $ / shares in Units, $ in Millions		3 Months Ended	9 Months Ended
	May 27, 2022 D $ / shares	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Earnout Shares
Term for shares to be issued	5 years
Stock-based compensation expense | $		$ 2	$ 2
Initial fair value of the Earnout Shares liability | $		65	65
Gain on fair value change in Earnout Shares liability | $		$ 12	$ 35
If the VWAP of Class A Common Stock is greater than or equal to $12.50 | Common Class A [Member]
Earnout Shares
Stock price trigger for any 20 trading days within any consecutive 30-trading day | $ / shares	$ 12.50
Number of trading days	20
Number of consecutive trading days	30
Term for shares to be issued	5 years
Contingent right to receive shares (as a percent)	50%
If the VWAP of Class A Common Stock is greater than or equal to $15.00 | Common Class A [Member]
Earnout Shares
Stock price trigger for any 20 trading days within any consecutive 30-trading day | $ / shares	$ 15
Number of trading days	20
Number of consecutive trading days	30
Term for shares to be issued	5 years

Equity-Based Compensation (Deta

Equity-Based Compensation (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity-Based Compensation
Stock-based compensation expense		$ 2		$ 2
General and administrative expense
Equity-Based Compensation
Stock-based compensation expense		15	$ 0	23	$ 1
GBTG MIP Options
Equity-Based Compensation
Unrecognized compensation cost related to unvested stock options		25		$ 25
Expected weighted average period compensation costs to be recognized (years)				2 years 3 months
RSU
Equity-Based Compensation
Unrecognized compensation cost related to unvested stock options		$ 70		$ 70
Expected weighted average period compensation costs to be recognized (years)				2 years
RSU | Minimum
Equity-Based Compensation
Vesting period				12 months
RSU | Maximum
Equity-Based Compensation
Vesting period				36 months
2022 Equity Incentive Plan | RSU
Equity-Based Compensation
Number of shares granted		10,797,574		10,797,574
2022 Equity Incentive Plan | Common Class A [Member] | Maximum
Equity-Based Compensation
Shares reserved for issuance	47,870,291
Employee Stock Purchase Plan
Equity-Based Compensation
Percentage of number of all common stock outstanding considered for automatic increase of shares available for purchase under the plan	1%
Employee Stock Purchase Plan | Common Class A [Member] | Maximum
Equity-Based Compensation
Shares reserved for issuance	11,068,989
Management Incentive Plan | GBTG MIP Options
Equity-Based Compensation
Percentage of fair market value of the shares equals the exercise price of options granted	100%
Management Incentive Plan | GBTG MIP Options | Minimum
Equity-Based Compensation
Vesting period	3 years
Management Incentive Plan | GBTG MIP Options | Maximum
Equity-Based Compensation
Vesting period	5 years
Management Incentive Plan | Three year vesting period | GBTG MIP Options
Equity-Based Compensation
Annual vesting percentage (in percent)	33.33%
Management Incentive Plan | Five year vesting period | GBTG MIP Options
Equity-Based Compensation
Annual vesting percentage (in percent)	20%
Management Incentive Plan | Earnout shares
Equity-Based Compensation
Stock-based compensation expense		$ 0		$ 2

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions		3 Months Ended	9 Months Ended
	Dec. 02, 2021 € / shares shares	Sep. 30, 2021 USD ($) shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 USD ($) shares	Dec. 31, 2021 € / shares shares
Shareholders' Equity
Warrants outstanding			39,451,067
Accrued dividend | $		$ 5	$ 8	$ 5
Total consideration | $				150
Preferred Stock
Shareholders' Equity
Preferred stock par value | $ / shares			$ 0.00001
Preferred stock , shares authorized			6,010,000,000
Preferred stock issued			0
Preferred stock, shares outstanding			0
Profit Shares [Member]
Shareholders' Equity
Shares, par value | € / shares					€ 0.00001
Shares authorized					800,000
Shares issued					800,000
Shares outstanding					800,000
Common Class A [Member]
Shareholders' Equity
Shares, par value | $ / shares			$ 0.0001
Shares authorized			3,000,000,000
Shares issued			56,945,033
Shares outstanding			56,945,033
Common stock, voting rights			one vote
Common Class B [Member]
Shareholders' Equity
Shares, par value | $ / shares			$ 0.0001
Shares authorized			3,000,000,000
Shares issued			394,448,481
Shares outstanding			394,448,481
Common stock, voting rights			one vote
Stockholders equity note, stock split			one
Class A-1 Preferred Stock
Shareholders' Equity
Preferred stock , shares authorized			3,000,000,000
Preferred stock issued			0
Preferred stock, shares outstanding			0
Class B-1 Preferred Stock
Shareholders' Equity
Preferred stock , shares authorized			3,000,000,000
Preferred stock issued			0
Preferred stock, shares outstanding			0
Undesignated Preferred Stock
Shareholders' Equity
Preferred stock , shares authorized			10,000,000
Preferred stock issued			0
Preferred stock, shares outstanding			0
GBT JerseyCo
Shareholders' Equity
Issued and outstanding ratio			1%
GBT JerseyCo | Preferred Stock
Shareholders' Equity
Preferred stock par value | € / shares	€ 0.00001
Preferred stock , shares authorized	3,000,000
Increase of preferred stock dividend rate	14%
Preferred stock, dividend rate	12%
Global Business Travel
Shareholders' Equity
Preferred stock issued			0
Accrued dividend | $		1	$ 0	1
Preferred stock accrued dividend | $			$ 8
Amex Coop and Juweel
Shareholders' Equity
Total consideration | $		$ 50		$ 150
Amex Coop and Juweel | Preferred Stock
Shareholders' Equity
Shares issued during the period		500,000		1,500,000

Stockholders' Equity - Related

Stockholders' Equity - Related party transactions (Details) - Sponsor Side Letter shares in Millions	May 27, 2022 $ / shares USD ($) shares
Related Party Transactions
Period following the closing, considered for transfer of Class A Common Stock held by Sponsors and Insiders	1 year
Minimum VWAP of Class A Common Stock, considered for transfer of stock held | $ / shares	12
Number of trading days within which minimum volume weighted average share price is to be attained	20
Number of trading days within which the minimum VWAP of Class A Common Stock is to be attained	30
Number of Class A Common Stock deemed unvested and were subject to certain triggering events (in shares) | shares	8
Sponsor side letter vesting period	5 years
If the VWAP of Class A Common Stock is greater than or equal to $12.50
Related Party Transactions
Number of trading days within which minimum volume weighted average share price is to be attained	20
Number of trading days within which the minimum VWAP of Class A Common Stock is to be attained	30
Minimum VWAP of Class A Common Stock | $ / shares	$ 12.50
Number of sponsor shares that will vest (in shares) | shares	5
If the VWAP of Class A Common Stock is greater than or equal to $15.00
Related Party Transactions
Number of trading days within which minimum volume weighted average share price is to be attained	20
Number of trading days within which the minimum VWAP of Class A Common Stock is to be attained	30
Minimum VWAP of Class A Common Stock | $ / shares	$ 15
Number of sponsor shares that will vest (in shares) | shares	3

Stockholders' Equity - Changes

Stockholders' Equity - Changes in accumulated other comprehensive loss, net of tax (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Shareholders' Equity
Beginning balance	$ 1,234	$ 1,334	$ 984
Net changes prior to reverse recapitalization, net of tax benefit	(40)
Allocated to non-controlling interest		1,093		$ 1
Ending balance	1,266	1,169	692
Net of tax benefit		0	0
Currency translation adjustments
Shareholders' Equity
Beginning balance		(38)	(23)
Net changes prior to reverse recapitalization, net of tax benefit		(59)
Allocated to non-controlling interest		85
Net changes during the period, net of tax benefit		(11)	(13)
Ending balance		(23)	(36)
Defined benefit plan related
Shareholders' Equity
Beginning balance		(128)	(160)
Allocated to non-controlling interest		112
Ending balance		(16)	(160)
Unrealized gain on cash flow hedge and hedge of investments in foreign subsidiary
Shareholders' Equity
Beginning balance		4	4
Net changes prior to reverse recapitalization, net of tax benefit		12
Allocated to non-controlling interest		(14)
Net changes during the period, net of tax benefit		2
Ending balance		4	4
Accumulated other comprehensive loss
Shareholders' Equity
Beginning balance	(169)	(162)	(179)
Net changes prior to reverse recapitalization, net of tax benefit	(40)	(47)
Allocated to non-controlling interest		183
Net changes during the period, net of tax benefit		(9)	(13)
Ending balance	$ (30)	$ (35)	$ (192)

Earnings (loss) per share (Deta

Earnings (loss) per share (Details) shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Earnings (loss) per share
Earnout shares subject to forfeiture if achievement of stock prices arent met	23
Number of shares issued	39
GBTG MIP Options
Earnings (loss) per share
Number of shares issued	36
Restricted Stock Units (RSUs)
Earnings (loss) per share
Anti-dilutive effect on earnings (loss) per share | $	$ 11

Earnings (loss) per share - Bas

Earnings (loss) per share - Basic and diluted earnings (loss) per share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended					9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator - Basic and diluted earnings (loss) per share:
Net (loss) income attributable to the Company's Class A common stockholders (A)	$ (20)					$ 1
Net loss attributable to non-controlling interests in subsidiaries	(53)		$ (106)			(167)	$ (275)
Net (loss) income	$ (73)	$ (91)	$ (106)	$ (55)	$ (114)	$ (166)	$ (275)
Denominator - Basic and diluted weighted average number of shares outstanding:
Weighted average number of Class A common stock outstanding - Basic (C)	48,867,969					48,867,969
Assumed conversion of Class B common stock						394,448,481
Weighted average number of Class A common stock outstanding - Diluted (D)	48,867,969					443,316,450
Basic earnings per share attributable to the Company's Class A common stockholders: (A) / (C)	$ (0.43)					$ 0.02
Diluted earnings loss per share attributable to the Company's Class A and Class B common stockholders: (B) / (D)	$ (0.43)					$ (0.38)

Derivatives and Hedging - Inter

Derivatives and Hedging - Interest Rate Swap (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2022	Feb. 28, 2022
Derivatives and Hedging
Amount reclassified to interest expense		$ 2	$ 2
Interest Rate Swap
Derivatives and Hedging
Notional amount				$ 600
Derivative fixed Interest rate	3.6858%			2.0725%
Amount reclassified to interest expense		$ 2	$ 2
Interest Rate Swap | Three-month LIBOR
Derivatives and Hedging
Derivative variable Interest rate				2.0725%
Cash realization on interest rate swap agreement termination	$ 23

Derivatives and Hedging - Warra

Derivatives and Hedging - Warrants and Earnout Shares (Details) $ in Millions	Sep. 30, 2022 USD ($) shares
Earnouts and warrants derivative liabilities
Derivatives and Hedging
Fair value of Company's derivative instruments, on gross basis	$ 127
Warrants
Derivatives and Hedging
Issued and outstanding | shares	39
Non-employee Earnout Shares
Derivatives and Hedging
Issued and outstanding | shares	15
Derivatives designated as hedging instruments | Interest rate swaps | Other non-current liabilities
Derivatives and Hedging
Fair value of Company's derivative instruments, on gross basis	$ 8
Derivatives not designated as hedging instruments | Warrants | Earnouts and warrants derivative liabilities
Derivatives and Hedging
Fair value of Company's derivative instruments, on gross basis	62
Derivatives not designated as hedging instruments | Non-employee Earnout Shares | Earnouts and warrants derivative liabilities
Derivatives and Hedging
Fair value of Company's derivative instruments, on gross basis	$ 65

Derivatives and Hedging - Impac

Derivatives and Hedging - Impact of changes in fair value (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Derivatives and Hedging
Amount of gain/(loss) recognized in other comprehensive loss	$ (2)	$ (2)
Interest expense
Derivatives and Hedging
Amount of gain/(loss) recognized in statements of operations	2	2
Derivatives designated as hedging instruments | Interest rate swaps
Derivatives and Hedging
Amount of gain/(loss) recognized in other comprehensive loss	18	31
Derivatives not designated as hedging instruments
Derivatives and Hedging
Amount of gain/(loss) recognized in statements of operations	(4)	32
Derivatives not designated as hedging instruments | Fair value movement on earnouts and warrants derivative liabilities
Derivatives and Hedging
Amount of gain/(loss) recognized in statements of operations	12	35
Derivatives not designated as hedging instruments | Warrants | Fair value movement on earnouts and warrants derivative liabilities
Derivatives and Hedging
Amount of gain/(loss) recognized in statements of operations	$ (18)	$ (5)

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Millions	Sep. 30, 2022 USD ($)
Non-employee Earnout Shares | Level 3
Fair Value Measurements
Fair value of company's assets and liabilities, on gross basis	$ 65
Public warrants | Level 1
Fair Value Measurements
Fair value of company's assets and liabilities, on gross basis	43
Private warrants | Level 2
Fair Value Measurements
Fair value of company's assets and liabilities, on gross basis	19
Interest rate swaps | Level 2
Fair Value Measurements
Fair value of company's assets and liabilities, on gross basis	$ 8

Fair Value Measurements - Initi

Fair Value Measurements - Initial measurement of the Earnout Shares (Details)	Sep. 30, 2022 $ / shares Y	May 27, 2022 $ / shares Y
Fair Value Measurements
Price per public warrant	$ 1.57	$ 1.33
Tranche 1 | Non-employee Earnout Shares
Fair Value Measurements
Fair value per shares	3.15	4.82
Tranche 2 | Non-employee Earnout Shares
Fair Value Measurements
Fair value per shares	$ 2.56	$ 3.98
Stock price | Non-employee Earnout Shares
Fair Value Measurements
Fair value measurement input	5.66	7.39
Risk-free interest rate | Non-employee Earnout Shares
Fair Value Measurements
Fair value measurement input	0.0409	0.0281
Volatility | Non-employee Earnout Shares
Fair Value Measurements
Fair value measurement input	0.425	0.375
Expected term (years) | Non-employee Earnout Shares
Fair Value Measurements
Fair value measurement input | Y	4.7	5
Expected dividends | Non-employee Earnout Shares
Fair Value Measurements
Fair value measurement input	0	0

Fair Value Measurements - Ini_2

Fair Value Measurements - Initial measurement of the private warrant (Details) - Private warrants	May 27, 2022 $ / shares Y
Fair Value Measurements
Fair value	$ 1.68
Stock price
Fair Value Measurements
Fair value measurement input	7.39
Exercise price
Fair Value Measurements
Fair value measurement input	11.50
Risk-free interest rate
Fair Value Measurements
Fair value measurement input	0.0270
Volatility
Fair Value Measurements
Fair value measurement input	0.375
Expected term (years)
Fair Value Measurements
Fair value measurement input | Y	5
Expected dividends
Fair Value Measurements
Fair value measurement input	0

Fair Value Measurements - Level

Fair Value Measurements - Level 3 financial liabilities (Details) - Level 3 $ in Millions	4 Months Ended
	Sep. 30, 2022 USD ($)
Earnout Shares to stockholders
Fair Value Measurements
Balance as of beginning balance	$ 100
Change in fair value	(35)
Balance as of ending balance	65
Private warrants
Fair Value Measurements
Balance as of beginning balance	21
Change in fair value	(2)
Transferred to level 2	$ (19)

Fair Value Measurements - Outst

Fair Value Measurements - Outstanding senior secured term loans (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Level 2 | Senior secured initial term loans | Carrying amount
Fair Value Measurements
Outstanding senior secured term loans	$ 235	$ 236
Level 2 | Senior secured initial term loans | Fair value
Fair Value Measurements
Outstanding senior secured term loans	221	233
Level 3 | Senior secured tranche B-3 term loans | Carrying amount
Fair Value Measurements
Outstanding senior secured term loans	986	787
Level 3 | Senior secured tranche B-3 term loans | Fair value
Fair Value Measurements
Outstanding senior secured term loans	$ 1,015	$ 800

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transactions
Amounts payable to affiliates	$ 66		$ 66		$ 41
Amounts receivable from affiliates	48		48		18
Egencia
Related Party Transactions
Loss contingency	19
Advisory Services Agreement
Related Party Transactions
Amount of charges incurred	0	$ 0.7	1	$ 2
Amounts payable to affiliates	5.4		5.4		4.4
Commercial Agreements
Related Party Transactions
Amount of charges incurred	7	3	18	7
Amounts payable to affiliates	33		33		16
Revenue from affiliates	6	$ 5	16	$ 14
Amounts receivable from affiliates	11		$ 11		15
License of American Express Marks
Related Party Transactions
Term of agreement			11 years
Marketing partner agreement
Related Party Transactions
Revenue from affiliates	30		$ 90
Amounts receivable from affiliates	17		$ 17		4
Term of agreement			10 years
Transition Services Agreement with Expedia, Inc
Related Party Transactions
Amount of charges incurred	8		$ 28
Amounts payable to affiliates	6		6		8
Amount of net receivable (payable)	14		14		(16)
Certain tax indemnity and other agreements
Related Party Transactions
Amounts payable to affiliates	2		2		2
Amounts receivable from affiliates	$ 0.2		$ 0.2		$ 0.3

Subsequent Events (Details)

Subsequent Events (Details) - shares	Oct. 31, 2022	Nov. 01, 2022	Oct. 12, 2022	Sep. 30, 2022	Sep. 09, 2022
Subsequent Events
Number of shares issued				39,000,000
Warrants outstanding				39,451,067
Class A common stock
Subsequent Events
Number of shares per each warrant					0.275
Shares issued				56,945,033
Shares outstanding				56,945,033
Subsequent Event
Subsequent Events
Warrants outstanding		0
Subsequent Event | Class A common stock
Subsequent Events
Number of shares per each warrant			0.275
Number of shares issued			10,444,363
Shares issued		67,753,543
Shares outstanding		67,753,543
Subsequent Event | Class A common stock | Related amendment to the warrant agreement
Subsequent Events
Number of shares per each warrant	0.2475
Shares issued during the period	364,147