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GOODWILL AND INTANGIBLES, NET (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill
Management and franchisingOwned and leasedDistribution (1)OverheadUnallocated (2)Total
Balance at January 1, 2023
Goodwill$1,465 $210 $1,589 $2 $— $3,266 
Accumulated impairment losses(4)(161)— — — (165)
Goodwill, net$1,461 $49 $1,589 $2 $— $3,101 
Activity during the year
Additions62 — 39 — — 101 
Foreign currency translation adjustments3 — — — — 3 
Balance at December 31, 2023
Goodwill1,530 210 1,628 2 — 3,370 
Accumulated impairment losses(4)(161)— — — (165)
Goodwill, net$1,526 $49 $1,628 $2 $— $3,205 
Activity during the year
Additions86 — — — 336 422 
Disposals— — (914)— — (914)
Impairment losses(110)(15)(38)— — (163)
Measurement period adjustments (Note 7)— — (1)— — (1)
Foreign currency translation adjustments(7)— — — (1)(8)
Balance at December 31, 2024
Goodwill1,609 210 713 23352,869 
Accumulated impairment losses(114)(176)(38)— — (328)
Goodwill, net$1,495 $34 $675 $2 $335 $2,541 
(1) At December 31, 2023, one of our reporting units with $914 million of allocated goodwill had a negative carrying value.
(2) At December 31, 2024, we have not completed the assignment of goodwill attributed to the Bahia Principe Transaction to reporting units (see Note 7).
Schedule of Indefinite-Lived Intangible Assets
December 31, 2024
Weighted-average useful lives in years Gross carrying value  Accumulated amortization  Net carrying value
Management and hotel services agreement and franchise agreement intangibles19$1,368 $(290)$1,078 
Brand and other indefinite-lived intangibles— 806 — 806 
Customer relationships intangibles10410 (153)257 
Other intangibles1035 (9)26 
Total$2,619 $(452)$2,167 
December 31, 2023
 Gross carrying valueAccumulated amortizationNet carrying value
Management and hotel services agreement and franchise agreement intangibles$906 $(248)$658 
Brand and other indefinite-lived intangibles608 — 608 
Customer relationships intangibles620 (243)377 
Other intangibles33 (6)27 
Total$2,167 $(497)$1,670 
Schedule of Finite-Lived Intangible Assets
Definite-lived intangible assets are amortized over the following useful lives:
Management and hotel services agreement and franchise agreement intangibles
4–31 years
Customer relationships intangibles
4–12 years
Other intangiblesVaries based on the nature of the asset
December 31, 2024
Weighted-average useful lives in years Gross carrying value  Accumulated amortization  Net carrying value
Management and hotel services agreement and franchise agreement intangibles19$1,368 $(290)$1,078 
Brand and other indefinite-lived intangibles— 806 — 806 
Customer relationships intangibles10410 (153)257 
Other intangibles1035 (9)26 
Total$2,619 $(452)$2,167 
December 31, 2023
 Gross carrying valueAccumulated amortizationNet carrying value
Management and hotel services agreement and franchise agreement intangibles$906 $(248)$658 
Brand and other indefinite-lived intangibles608 — 608 
Customer relationships intangibles620 (243)377 
Other intangibles33 (6)27 
Total$2,167 $(497)$1,670 
Schedule of Intangible Asset Amortization Expense
 Year Ended December 31,
 202420232022
Amortization expense$131 $178 $210 
Schedule of Definite-Lived Intangible Assets, Future Amortization Expense
We estimate amortization expense for definite-lived intangibles for the next five years and thereafter as follows:
Year Ending December 31, 
2025$141 
2026119 
2027117 
2028113 
2029108 
Thereafter763 
Total amortization expense$1,361