v3.25.0.1
RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Losses
The following table summarizes the activity in our receivables allowance for credit losses:
20242023
Allowance at January 1$50 $63 
Provisions (reversals), net19 (5)
Write-offs(7)(8)
Allowance at December 31$62 $50 
Schedule of Financing Receivables
December 31, 2024December 31, 2023
Secured financing to hotel owners (1)$150 $— 
Unsecured financing to hotel owners and unconsolidated hospitality ventures (2)295 137 
Total financing receivables$445 $137 
Less: current portion of financing receivables included in receivables, net(41)(22)
Less: allowance for credit losses (3)(36)(42)
Total long-term financing receivables, net of allowances$368 $73 
(1) Includes an $85 million loan purchased, a CHF 41 million loan issued in conjunction with the sale of Park Hyatt Zurich, and a $20 million loan issued in conjunction with the sale of Hyatt Regency O'Hare Chicago (see Note 7).
(2) At December 31, 2024, unsecured financing included a $35 million loan, net of a $15 million unamortized discount based on an imputed interest rate of approximately 9.5%, related to the seller financing issued in conjunction with the sale of an undeveloped land parcel (see Note 7).
(3) At December 31, 2024, there was no allowance for credit losses recorded for secured financing to hotel owners.
Schedule of Allowance for Losses and Impairments The following table summarizes the activity in our unsecured financing receivables allowance for credit losses:
20242023
Allowance at January 1$42 $44 
Write-offs(6)(2)
Foreign currency exchange, net(2)— 
Provisions (reversals), net2 — 
Allowance at December 31$36 $42 
Schedule of Credit Monitoring Our unsecured financing receivables were as follows:
December 31, 2024
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$259 $(33)$226 $20 
Other financing arrangements36 (3)33 — 
Total unsecured financing receivables$295 $(36)$259 $20 
December 31, 2023
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$128 $(39)$89 $22 
Other financing arrangements9 (3)6 — 
Total unsecured financing receivables$137 $(42)$95 $22