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—During the year ended December 31, 2024, we sold Hyatt Regency San Antonio Riverwalk to an unrelated third party for $ 226 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 100 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we sold Hyatt Regency San Antonio Riverwalk to an unrelated third party for $ 226 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 100 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
—During the year ended December 31, 2024, we sold Hyatt Regency Green Bay to an unrelated third party for $ 3 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term franchise agreement for the property. The sale resulted in a $ 4 million pre-tax loss, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we sold Hyatt Regency Green Bay to an unrelated third party for $ 3 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term franchise agreement for the property. The sale resulted in a $ 4 million pre-tax loss, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
—During the year ended December 31, 2024, we sold Hyatt Regency Green Bay to an unrelated third party for $ 3 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term franchise agreement for the property. The sale resulted in a $ 4 million pre-tax loss, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we sold Hyatt Regency Green Bay to an unrelated third party for $ 3 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term franchise agreement for the property. The sale resulted in a $ 4 million pre-tax loss, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. | text | 173 | monetaryItemType | text: <entity> 173 </entity> <entity type> monetaryItemType </entity type> <context> an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. | text | 172 | monetaryItemType | text: <entity> 172 </entity> <entity type> monetaryItemType </entity type> <context> an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> an asset disposition. We received $ 173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $ 41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 172 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. In connection with the disposition, we recognized a $ 15 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2024 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our consolidated balance sheet. </context> | us-gaap:GoodwillImpairmentLoss |
—During the year ended December 31, 2023, we sold our interests in the entities that own the Destination Residential Management business to an unrelated third party for $ 2 million of base consideration, subject to customary adjustments related to working capital and indebtedness, and up to an additional $ 48 million of contingent consideration. The contingent consideration can be earned within two years following the sale upon the achievement of certain performance-based metrics and the extensions of certain contracts related to the rental programs and/or homeowner associations. Upon sale, we recorded a $ 28 million contingent consideration receivable at fair value in other assets on our consolidated balance sheet. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2023, we sold our interests in the entities that own the Destination Residential Management business to an unrelated third party for $ 2 million of base consideration, subject to customary adjustments related to working capital and indebtedness, and up to an additional $ 48 million of contingent consideration. The contingent consideration can be earned within two years following the sale upon the achievement of certain performance-based metrics and the extensions of certain contracts related to the rental programs and/or homeowner associations. Upon sale, we recorded a $ 28 million contingent consideration receivable at fair value in other assets on our consolidated balance sheet. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
The fair value of the contingent consideration receivable was estimated using a Monte Carlo simulation to model the likelihood of achieving the performance-based metrics and a probability-based weighting approach to determine the likelihood of extending certain contracts. The valuation methodology includes assumptions and judgments regarding probability weighting, discount rates, operating results, and expected timing of payments, which are primarily Level Three assumptions. During the year ended December 31, 2024, we recorded a $ 17 million decrease in the carrying value of the contingent consideration receivable and recognized the offset in gains (losses) on sales of real estate and other on our consolidated statements of income. We did not recognize any changes in the carrying value of the contingent consideration receivable during the year ended December 31, 2023. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of the contingent consideration receivable was estimated using a Monte Carlo simulation to model the likelihood of achieving the performance-based metrics and a probability-based weighting approach to determine the likelihood of extending certain contracts. The valuation methodology includes assumptions and judgments regarding probability weighting, discount rates, operating results, and expected timing of payments, which are primarily Level Three assumptions. During the year ended December 31, 2024, we recorded a $ 17 million decrease in the carrying value of the contingent consideration receivable and recognized the offset in gains (losses) on sales of real estate and other on our consolidated statements of income. We did not recognize any changes in the carrying value of the contingent consideration receivable during the year ended December 31, 2023. </context> | us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
The transaction was accounted for as a business disposition, and we recognized a $ 19 million pre-tax gain in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2023. In conjunction with the disposition, we transferred $ 10 million of cash to the buyer related to advanced deposits. The operating results and financial position of this business prior to the sale remain within our management and franchising segment. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> The transaction was accounted for as a business disposition, and we recognized a $ 19 million pre-tax gain in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2023. In conjunction with the disposition, we transferred $ 10 million of cash to the buyer related to advanced deposits. The operating results and financial position of this business prior to the sale remain within our management and franchising segment. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
The transaction was accounted for as a business disposition, and we recognized a $ 19 million pre-tax gain in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2023. In conjunction with the disposition, we transferred $ 10 million of cash to the buyer related to advanced deposits. The operating results and financial position of this business prior to the sale remain within our management and franchising segment. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The transaction was accounted for as a business disposition, and we recognized a $ 19 million pre-tax gain in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2023. In conjunction with the disposition, we transferred $ 10 million of cash to the buyer related to advanced deposits. The operating results and financial position of this business prior to the sale remain within our management and franchising segment. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationCash |
—During the year ended December 31, 2022, we sold Hyatt Regency Greenwich to an unrelated third party for approximately $ 38 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 14 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold Hyatt Regency Greenwich to an unrelated third party for approximately $ 38 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 14 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
—During the year ended December 31, 2022, we sold Hyatt Regency Greenwich to an unrelated third party for approximately $ 38 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 14 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold Hyatt Regency Greenwich to an unrelated third party for approximately $ 38 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 14 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax |
—During the year ended December 31, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $ 227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 24 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 227 | monetaryItemType | text: <entity> 227 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $ 227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 24 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
—During the year ended December 31, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $ 227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 24 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $ 227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 24 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax |
—During the year ended December 31, 2022, we sold The Driskill to an unrelated third party for approximately $ 119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 51 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 119 | monetaryItemType | text: <entity> 119 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold The Driskill to an unrelated third party for approximately $ 119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 51 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
—During the year ended December 31, 2022, we sold The Driskill to an unrelated third party for approximately $ 119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 51 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold The Driskill to an unrelated third party for approximately $ 119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $ 51 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax |
—During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. | text | 109 | monetaryItemType | text: <entity> 109 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
—During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. | text | 166 | monetaryItemType | text: <entity> 166 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. </context> | us-gaap:LongTermDebt |
—During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $ 109 million of cash consideration, net of closing costs; a $ 19 million HTM debt security as additional consideration; and $ 18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we had $ 166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $ 4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 11). Upon sale, we entered into a long-term management agreement for the property. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
The sale resulted in a $ 137 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. In connection with the disposition, we recognized a $ 7 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2022 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 137 | monetaryItemType | text: <entity> 137 </entity> <entity type> monetaryItemType </entity type> <context> The sale resulted in a $ 137 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. In connection with the disposition, we recognized a $ 7 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2022 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax |
The sale resulted in a $ 137 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. In connection with the disposition, we recognized a $ 7 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2022 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> The sale resulted in a $ 137 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. In connection with the disposition, we recognized a $ 7 million goodwill impairment charge in asset impairments on our consolidated statements of income during the year ended December 31, 2022 (see Note 9). The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. </context> | us-gaap:GoodwillImpairmentLoss |
During the year ended December 31, 2024, certain operating ROU assets were included in asset groups deemed not fully recoverable (see Note 5). We recognized $ 5 million of impairment charges related to these operating ROU assets in asset impairments on our consolidated statements of income within our owned and leased segment. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, certain operating ROU assets were included in asset groups deemed not fully recoverable (see Note 5). We recognized $ 5 million of impairment charges related to these operating ROU assets in asset impairments on our consolidated statements of income within our owned and leased segment. </context> | us-gaap:OperatingLeaseImpairmentLoss |
(1) Finance lease assets are net of $ 18 million and $ 14 million of accumulated amortization at December 31, 2024 and December 31, 2023, respectively. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> (1) Finance lease assets are net of $ 18 million and $ 14 million of accumulated amortization at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAmortization |
(1) Finance lease assets are net of $ 18 million and $ 14 million of accumulated amortization at December 31, 2024 and December 31, 2023, respectively. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> (1) Finance lease assets are net of $ 18 million and $ 14 million of accumulated amortization at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAmortization |
During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. </context> | us-gaap:GoodwillImpairmentLoss |
During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. | text | 0 | monetaryItemType | text: <entity> 0 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. </context> | us-gaap:GoodwillImpairmentLoss |
During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. </context> | us-gaap:GoodwillImpairmentLoss |
During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. | text | 148 | monetaryItemType | text: <entity> 148 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, December 31, 2023, and December 31, 2022, we recognized goodwill impairment charges of $ 15 million, $ 0 million, and $ 7 million, respectively, related to the sales of certain hotels. These goodwill impairment charges were recognized in asset impairments on our consolidated statements of income within our owned and leased segment (see Note 7). During the year ended December 31, 2024, as a result of our annual impairment analyses (see Note 2), we determined that the carrying values of two of our reporting units were in excess of the fair values, and we recognized $ 148 million of goodwill impairment charges in asset impairments on our consolidated statements of income within our management and franchising and distribution segments. </context> | us-gaap:GoodwillImpairmentLoss |
ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million </context> | us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill |
ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million </context> | us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill |
ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million </context> | us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill |
ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> ized $ 8 million, $ 17 million, and $ 21 million, respectively, of impairment charges related to brand intangibles , as we determined that the carrying values of certain assets were in excess of the fair values, and $ 16 million, $ 12 million </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
, and $ 10 million, respectively, of impairment charges related to management and franchise agreement intangibles, | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> , and $ 10 million, respectively, of impairment charges related to management and franchise agreement intangibles, </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
—Interest on the outstanding Senior Notes is payable semi-annually. We may redeem some or all of the Senior Notes at any time prior to their maturity at a redemption price equal to 100 % of the principal amount of the Senior Notes | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> —Interest on the outstanding Senior Notes is payable semi-annually. We may redeem some or all of the Senior Notes at any time prior to their maturity at a redemption price equal to 100 % of the principal amount of the Senior Notes </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
In 2013, we issued $ 350 million of 3.375 % senior notes due 2023 at an issue price of 99.498 % (the "2023 Notes"). | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In 2013, we issued $ 350 million of 3.375 % senior notes due 2023 at an issue price of 99.498 % (the "2023 Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2013, we issued $ 350 million of 3.375 % senior notes due 2023 at an issue price of 99.498 % (the "2023 Notes"). | text | 3.375 | percentItemType | text: <entity> 3.375 </entity> <entity type> percentItemType </entity type> <context> In 2013, we issued $ 350 million of 3.375 % senior notes due 2023 at an issue price of 99.498 % (the "2023 Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2016, we issued $ 400 million of 4.850 % senior notes due 2026 at an issue price of 99.920 % (the "2026 Notes"). | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> In 2016, we issued $ 400 million of 4.850 % senior notes due 2026 at an issue price of 99.920 % (the "2026 Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2016, we issued $ 400 million of 4.850 % senior notes due 2026 at an issue price of 99.920 % (the "2026 Notes"). | text | 4.850 | percentItemType | text: <entity> 4.850 </entity> <entity type> percentItemType </entity type> <context> In 2016, we issued $ 400 million of 4.850 % senior notes due 2026 at an issue price of 99.920 % (the "2026 Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2018, we issued $ 400 million of 4.375 % senior notes due 2028 at an issue price of 99.866 % (the "2028 Notes"). | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> In 2018, we issued $ 400 million of 4.375 % senior notes due 2028 at an issue price of 99.866 % (the "2028 Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2018, we issued $ 400 million of 4.375 % senior notes due 2028 at an issue price of 99.866 % (the "2028 Notes"). | text | 4.375 | percentItemType | text: <entity> 4.375 </entity> <entity type> percentItemType </entity type> <context> In 2018, we issued $ 400 million of 4.375 % senior notes due 2028 at an issue price of 99.866 % (the "2028 Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). | text | 5.375 | percentItemType | text: <entity> 5.375 </entity> <entity type> percentItemType </entity type> <context> In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). | text | 5.750 | percentItemType | text: <entity> 5.750 </entity> <entity type> percentItemType </entity type> <context> In 2020, we issued $ 450 million of 5.375 % senior notes due 2025 (the "2025 Notes") and $ 450 million of 5.750 % senior notes due 2030 (the "2030 Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). | text | 700 | monetaryItemType | text: <entity> 700 </entity> <entity type> monetaryItemType </entity type> <context> In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). | text | 1.300 | percentItemType | text: <entity> 1.300 </entity> <entity type> percentItemType </entity type> <context> In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). </context> | us-gaap:DebtInstrumentFaceAmount |
In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). | text | 1.800 | percentItemType | text: <entity> 1.800 </entity> <entity type> percentItemType </entity type> <context> In 2021, we issued $ 700 million of 1.300 % senior notes due 2023 at an issue price of 99.941 % (the "2023 Fixed Rate Notes"), $ 300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $ 750 million of 1.800 % senior notes due 2024 at an issue price of 99.994 % (the "2024 Fixed Rate Notes"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. </context> | us-gaap:DebtInstrumentFaceAmount |
In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. | text | 5.750 | percentItemType | text: <entity> 5.750 </entity> <entity type> percentItemType </entity type> <context> In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. | text | 596 | monetaryItemType | text: <entity> 596 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. </context> | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we issued $ 600 million of 5.750 % senior notes due 2027 at an issue price of 99.975 % (the "2027 Notes"). We received approximately $ 596 million of net proceeds from the sale, after deducting $ 4 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance, together with cash on hand, to repay the outstanding balance on the 2023 Fixed Rate Notes, as described below. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 5.250 | percentItemType | text: <entity> 5.250 </entity> <entity type> percentItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 5.375 | percentItemType | text: <entity> 5.375 </entity> <entity type> percentItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 5.500 | percentItemType | text: <entity> 5.500 </entity> <entity type> percentItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 1380 | monetaryItemType | text: <entity> 1380 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt |
In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we issued an aggregate $ 600 million of 5.250 % senior notes due 2029 at an aggregate issue price of 99.693 % (the "2029 Notes"), $ 450 million of 5.375 % senior notes due 2031 at an issue price of 99.745 % (the "2031 Notes"), and $ 350 million of 5.500 % senior notes due 2034 at an issue price of 98.860 % (the "2034 Notes"). We received approximately $ 1,380 million of net proceeds, after deducting $ 20 million of underwriting discounts and other offering expenses. We used the net proceeds from a portion of 2029 Notes and the 2034 Notes to repay the outstanding balance on the 2024 Fixed Rate Notes, as described below. We temporarily invested the net proceeds from the remaining portion of the 2029 Notes and 2031 Notes in marketable securities (see Note 4), and we intend to use the net proceeds to repay the outstanding balance on the 2025 Notes at or prior to maturity and for general corporate purposes. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
—During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. | text | 746 | monetaryItemType | text: <entity> 746 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
—During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. | text | 753 | monetaryItemType | text: <entity> 753 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. </context> | us-gaap:RepaymentsOfLongTermDebt |
—During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we repaid the 2024 Fixed Rate Notes, of which there was $ 746 million outstanding, at maturity for approximately $ 753 million, inclusive of $ 7 million of accrued interest. </context> | us-gaap:InterestExpenseDebt |
During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. | text | 638 | monetaryItemType | text: <entity> 638 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. | text | 642 | monetaryItemType | text: <entity> 642 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. </context> | us-gaap:InterestExpenseDebt |
During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we repaid the 2023 Fixed Rate Notes, of which there was $ 638 million outstanding, at maturity for approximately $ 642 million, inclusive of $ 4 million of accrued interest. Additionally, we repurchased approximately $ 18 million of principal on the 2023 Fixed Rate Notes in the open market. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 302 | monetaryItemType | text: <entity> 302 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:InterestExpenseDebt |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 353 | monetaryItemType | text: <entity> 353 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:InterestExpenseDebt |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2022, we redeemed the 2023 Floating Rate Notes, of which there was $ 300 million of aggregate principal outstanding, at a redemption price of approximately $ 302 million, which included principal and $ 2 million of accrued interest. We also redeemed the 2023 Notes, of which there was $ 350 million of aggregate principal outstanding, at a redemption price of approximately $ 353 million, which included principal and $ 3 million of accrued interest. Additionally, we paid approximately $ 58 million to repurchase $ 44 million of principal on the 2023 Fixed Rate Notes, $ 4 million of principal on the 2024 Fixed Rate Notes, $ 1 million of principal on the 2028 Notes, and $ 10 million of principal on the 2030 Notes in the open market. During the year ended December 31, 2022, we incurred an insignificant net loss on extinguishment of debt recognized in other income (loss), net on our consolidated statements of income related to this activity. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
—During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. </context> | us-gaap:DebtInstrumentCarryingAmount |
—During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. </context> | us-gaap:DebtInstrumentCarryingAmount |
—During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we assumed a € 50 million secured mortgage loan through a facility agreement with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") in conjunction with the acquisition of the Alua Portfolio (see Note 7). The variable rate loan, which had approximately $ 52 million outstanding at December 31, 2024, matures in 2031. Additionally, we assumed € 38 million of interest rate swaps with BBVA that expire in 2029 and reduce our exposure to fluctuations in EURIBOR. The interest rate swaps are remeasured at fair value on a recurring basis and are classified as Level Two in the fair value hierarchy. The fair value is estimated using an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rates and yield curves. At December 31, 2024, the fair value of the interest rate swaps was insignificant. </context> | us-gaap:DerivativeNotionalAmount |
—During the year ended December 31, 2024, we entered into a credit agreement with Bank of America to correspond with the total amount of the secured financing receivable we issued to the buyer in conjunction with the sale of Park Hyatt Zurich (see Note 7) for a CHF 41 million (approximately $ 45 million outstanding at December 31, 2024) variable rate term loan, which matures in 2029. | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we entered into a credit agreement with Bank of America to correspond with the total amount of the secured financing receivable we issued to the buyer in conjunction with the sale of Park Hyatt Zurich (see Note 7) for a CHF 41 million (approximately $ 45 million outstanding at December 31, 2024) variable rate term loan, which matures in 2029. </context> | us-gaap:ProceedsFromIssuanceOfDebt |
—During the year ended December 31, 2024, we entered into a credit agreement with Bank of America to correspond with the total amount of the secured financing receivable we issued to the buyer in conjunction with the sale of Park Hyatt Zurich (see Note 7) for a CHF 41 million (approximately $ 45 million outstanding at December 31, 2024) variable rate term loan, which matures in 2029. | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2024, we entered into a credit agreement with Bank of America to correspond with the total amount of the secured financing receivable we issued to the buyer in conjunction with the sale of Park Hyatt Zurich (see Note 7) for a CHF 41 million (approximately $ 45 million outstanding at December 31, 2024) variable rate term loan, which matures in 2029. </context> | us-gaap:ProceedsFromIssuanceOfDebt |
—During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. | text | 166 | monetaryItemType | text: <entity> 166 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. </context> | us-gaap:LongTermDebt |
—During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
—During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, the Series 2005 Bonds were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk (see Note 7). The Series 2005 Bonds had $ 166 million outstanding prior to defeasance, inclusive of accrued interest and net of $ 4 million of unamortized discounts, and we recognized an $ 8 million loss on extinguishment of debt related to restricted cash utilized to defease the debt. The loss was recognized in other income (loss), net on our consolidated statements of income during the year ended December 31, 2022. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 2.02 | percentItemType | text: <entity> 2.02 </entity> <entity type> percentItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 8.02 | percentItemType | text: <entity> 8.02 </entity> <entity type> percentItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:DebtWeightedAverageInterestRate |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 119 | monetaryItemType | text: <entity> 119 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:ConstructionLoanNoncurrent |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:ConstructionLoanNoncurrent |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 136 | monetaryItemType | text: <entity> 136 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:ConstructionLoanNoncurrent |
—During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2012, we obtained a secured construction loan with Banco Nacional de Desenvolvimento Econômico e Social - BNDES ("BNDES") in order to develop Grand Hyatt Rio de Janeiro. The loan was split into four separate sub-loans. Sub-loans (a) and (b) mature in 2031 and bear interest at the Brazilian Long Term Interest Rate - TJLP plus 2.02 %, and when the TJLP rate exceeds 6 %, the amount corresponding to the TJLP portion above 6 % is required to be capitalized daily. Sub-loans (c) and (d) matured during the year ended December 31, 2023. At December 31, 2024, the weighted-average interest rates for the sub-loans we have drawn upon is 8.02 %. At December 31, 2024 and December 31, 2023, we had Brazilian Real ("BRL") 119 million, or $ 19 million, and BRL 136 million, or $ 28 million, outstanding, respectively. </context> | us-gaap:ConstructionLoanNoncurrent |
—During the year ended December 31, 2022, we entered into a credit agreement with a syndicate of lenders that provides for a $ 1.5 billion senior unsecured revolving credit facility that matures in May 2027. The credit agreement refinanced and replaced in its entirety our Second Amended and Restated Credit Agreement dated January 6, 2014, as amended. The revolving credit facility provides for the making of revolving loans to us in U.S. dollars and, subject to a sublimit of $ 250 million, certain other currencies, and the issuance of up to $ 300 million of letters of credit for our own account or for the account of our subsidiaries. We have the option during the term of the revolving credit facility to increase the revolving credit facility by an aggregate amount of up to an additional $ 500 million provided that, among other things, new and/or existing lenders agree to provide commitments for the increased amount. We may prepay any outstanding aggregate principal amount, in whole or in part, at any time, subject to customary breakage costs and upon proper notice. The credit agreement contains customary affirmative, negative, and financial covenants; representations and warranties; and default provisions. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we entered into a credit agreement with a syndicate of lenders that provides for a $ 1.5 billion senior unsecured revolving credit facility that matures in May 2027. The credit agreement refinanced and replaced in its entirety our Second Amended and Restated Credit Agreement dated January 6, 2014, as amended. The revolving credit facility provides for the making of revolving loans to us in U.S. dollars and, subject to a sublimit of $ 250 million, certain other currencies, and the issuance of up to $ 300 million of letters of credit for our own account or for the account of our subsidiaries. We have the option during the term of the revolving credit facility to increase the revolving credit facility by an aggregate amount of up to an additional $ 500 million provided that, among other things, new and/or existing lenders agree to provide commitments for the increased amount. We may prepay any outstanding aggregate principal amount, in whole or in part, at any time, subject to customary breakage costs and upon proper notice. The credit agreement contains customary affirmative, negative, and financial covenants; representations and warranties; and default provisions. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
—During the year ended December 31, 2022, we entered into a credit agreement with a syndicate of lenders that provides for a $ 1.5 billion senior unsecured revolving credit facility that matures in May 2027. The credit agreement refinanced and replaced in its entirety our Second Amended and Restated Credit Agreement dated January 6, 2014, as amended. The revolving credit facility provides for the making of revolving loans to us in U.S. dollars and, subject to a sublimit of $ 250 million, certain other currencies, and the issuance of up to $ 300 million of letters of credit for our own account or for the account of our subsidiaries. We have the option during the term of the revolving credit facility to increase the revolving credit facility by an aggregate amount of up to an additional $ 500 million provided that, among other things, new and/or existing lenders agree to provide commitments for the increased amount. We may prepay any outstanding aggregate principal amount, in whole or in part, at any time, subject to customary breakage costs and upon proper notice. The credit agreement contains customary affirmative, negative, and financial covenants; representations and warranties; and default provisions. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> —During the year ended December 31, 2022, we entered into a credit agreement with a syndicate of lenders that provides for a $ 1.5 billion senior unsecured revolving credit facility that matures in May 2027. The credit agreement refinanced and replaced in its entirety our Second Amended and Restated Credit Agreement dated January 6, 2014, as amended. The revolving credit facility provides for the making of revolving loans to us in U.S. dollars and, subject to a sublimit of $ 250 million, certain other currencies, and the issuance of up to $ 300 million of letters of credit for our own account or for the account of our subsidiaries. We have the option during the term of the revolving credit facility to increase the revolving credit facility by an aggregate amount of up to an additional $ 500 million provided that, among other things, new and/or existing lenders agree to provide commitments for the increased amount. We may prepay any outstanding aggregate principal amount, in whole or in part, at any time, subject to customary breakage costs and upon proper notice. The credit agreement contains customary affirmative, negative, and financial covenants; representations and warranties; and default provisions. </context> | us-gaap:LettersOfCreditOutstandingAmount |
During the years ended December 31, 2024 and December 31, 2023, we had no borrowings or repayments on our revolving credit facility. At both December 31, 2024 and December 31, 2023, we had no balance outstanding. At December 31, 2024, we had $ 1,497 million of borrowing capacity available under our revolving credit facility, net of letters of credit outstanding. | text | 1497 | monetaryItemType | text: <entity> 1497 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024 and December 31, 2023, we had no borrowings or repayments on our revolving credit facility. At both December 31, 2024 and December 31, 2023, we had no balance outstanding. At December 31, 2024, we had $ 1,497 million of borrowing capacity available under our revolving credit facility, net of letters of credit outstanding. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
At December 31, 2024 and December 31, 2023, we had $ 105 million and $ 256 million, respectively, of letters of credit outstanding, excluding letters of credit outstanding that reduce our borrowing capacity under our revolving credit facility (see Note 15). | text | 105 | monetaryItemType | text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, we had $ 105 million and $ 256 million, respectively, of letters of credit outstanding, excluding letters of credit outstanding that reduce our borrowing capacity under our revolving credit facility (see Note 15). </context> | us-gaap:LettersOfCreditOutstandingAmount |
At December 31, 2024 and December 31, 2023, we had $ 105 million and $ 256 million, respectively, of letters of credit outstanding, excluding letters of credit outstanding that reduce our borrowing capacity under our revolving credit facility (see Note 15). | text | 256 | monetaryItemType | text: <entity> 256 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, we had $ 105 million and $ 256 million, respectively, of letters of credit outstanding, excluding letters of credit outstanding that reduce our borrowing capacity under our revolving credit facility (see Note 15). </context> | us-gaap:LettersOfCreditOutstandingAmount |
(1) Excludes $ 4 million of finance lease obligations and $ 27 million of unamortized discounts and deferred financing fees. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> (1) Excludes $ 4 million of finance lease obligations and $ 27 million of unamortized discounts and deferred financing fees. </context> | us-gaap:FinanceLeaseLiability |
(1) Excludes $ 4 million of finance lease obligations and $ 27 million of unamortized discounts and deferred financing fees. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> (1) Excludes $ 4 million of finance lease obligations and $ 27 million of unamortized discounts and deferred financing fees. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
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