v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,209 $ 1,427
Restricted cash and cash equivalents 77 85
Accounts receivable, net of allowance for credit losses 1,327 1,068
Prepaid expenses 105 89
Other 152 202
Total current assets 2,870 2,871
Intangibles and Other Assets:    
Goodwill 5,032 5,071
Brands 4,840 4,883
Operating lease right-of-use assets [1] 662 694
Property and equipment, net 280 305
Deferred income tax assets 204 213
Other 576 452
Total intangibles and other assets 12,642 12,570
Total assets 15,512 15,441
Current Liabilities:    
Accounts payable, accrued expenses and other 1,790 1,568
Current maturities of long-term debt [2] 39 54
Current portion of deferred revenues 433 350
Total current liabilities 3,372 3,019
Long-term debt 8,708 8,712
Operating lease liabilities 832 870
Deferred revenues 986 896
Deferred income tax liabilities 735 700
Other 692 746
Total liabilities 16,610 16,260
Commitments and contingencies
Equity (Deficit):    
Common stock 3 3
Treasury stock, at cost (6,040) (4,443)
Additional paid-in capital 10,831 10,720
Accumulated deficit (5,190) (6,322)
Accumulated other comprehensive loss (706) (779)
Total Hilton stockholders' deficit (1,102) (821)
Noncontrolling interests 4 2
Total deficit (1,098) [3] (819)
Total liabilities and equity (deficit) 15,512 15,441
Other intangible assets, net    
Intangibles and Other Assets:    
Finite-lived intangible assets, net 161 194
Management and franchise contracts, net    
Intangibles and Other Assets:    
Finite-lived intangible assets, net 887 758
Guest Loyalty Program [Member]    
Current Liabilities:    
Current portion of liability for guest loyalty program 1,110 1,047
Liability from guest loyalty program $ 1,285 $ 1,317
[1] Operating lease ROU assets attributed to U.S. operations was $78 million and $37 million as of December 31, 2022 and 2021, respectively, and to operations outside the U.S. was $584 million and $657 million, respectively, most significantly in the U.K. and Germany.
[2] Represents current maturities of finance lease liabilities and borrowings of one consolidated VIE.
[3] As of December 31, 2022, 3.0 billion shares of preferred stock with a par value of $0.01 were authorized with no such shares issued.