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STOCKHOLDERS' EQUITY AND COMPREHENSIVE LOSS (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Class of Treasury Stock The common stock repurchase program applies to our Class A and Class B
common stock. The share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
Year Ended December 31,
202420232022
Total number of shares repurchased (1)7,992,2564,123,8284,233,894
Weighted-average price per share$148.90$109.86$87.07
Aggregate purchase price (2)$1,190$453$369
Shares repurchased as a percentage of total common stock outstanding (3)8%4%4%
(1) The year ended December 31, 2023 includes repurchases of 106,116 shares that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. At December 31, 2022, a $9 million share repurchase liability was recorded in accrued expenses and other current liabilities on our consolidated balance sheet.
(2) Excludes related insignificant expenses.
(3) Calculated based on the total common stock outstanding as of December 31 of the prior year.
Schedule of Dividends Payable
Dividend—The following tables summarize dividends declared to Class A and Class B stockholders of record:
Year Ended December 31,
202420232022
Class A common stock$27 $21 $— 
Class B common stock34 27 — 
Total cash dividends declared$61 $48 $— 
Date declaredDividend per share amount for Class A and Class BDate of recordDate paid
February 14, 2024$0.15 February 28, 2024March 12, 2024
May 9, 2024$0.15 May 29, 2024June 11, 2024
August 6, 2024$0.15 August 27, 2024September 10, 2024
October 31, 2024$0.15 November 22, 2024December 6, 2024
May 11, 2023$0.15 May 30, 2023June 12, 2023
August 3, 2023$0.15 August 25, 2023September 8, 2023
November 2, 2023$0.15 November 22, 2023December 6, 2023
Schedule of Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss—The components of accumulated other comprehensive loss, net of tax impacts, were as follows:
Balance at
January 1, 2024		Other comprehensive income (loss) before reclassificationAmounts reclassified from accumulated other comprehensive lossBalance at
December 31, 2024
Foreign currency translation adjustments (1)$(156)$(94)$(1)$(251)
AFS debt securities unrealized fair value adjustments4 (2)— 2 
Pension liabilities adjustments (2)— 2 (2)— 
Derivative instrument adjustments (3)(23)(2)5 (20)
Accumulated other comprehensive loss$(175)$(96)$2 $(269)
(1) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the dilution of our ownership interest in an unconsolidated hospitality venture in India (see Note 4), realized gains recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the sale of our ownership interest in an unconsolidated hospitality venture (see Note 4), and realized gains recognized in gains (losses) on sales of real estate and other related to the sale of Park Hyatt Zurich (see Note 7).
(2) Amounts reclassified from accumulated other comprehensive loss primarily included realized gains recognized in gains (losses) on sales of real estate and other related to the UVC Transaction (see Note 4) and the sale of Park Hyatt Zurich (see Note 7).
(3) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $5 million of losses, net of insignificant tax impacts, over the next 12 months.
Balance at
January 1, 2023		Other comprehensive income (loss) before reclassificationAmounts reclassified from accumulated other comprehensive lossBalance at
December 31, 2023
Foreign currency translation adjustments$(202)$46 $— $(156)
AFS debt securities unrealized fair value adjustments (4)(11)12 3 4 
Derivative instrument adjustments (5)(29)1 5 (23)
Accumulated other comprehensive loss$(242)$59 $8 $(175)
(4) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in other income (loss), net related to marketable securities held for our captive insurance company (see Note 21).
(5) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.