v3.26.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 79	$ 64
Trade receivables, net	300	291
Prepaid expenses	49	33
Other current assets	47	47
Total current assets	475	435
Property and equipment, net	138	104
Goodwill	1,525	1,525
Other non-current assets	627	628
Total assets	4,248	4,182
Current liabilities:
Current portion of long-term debt	23	45
Accounts payable	40	38
Deferred revenues	110	134
Accrued expenses and other current liabilities	310	290
Total current liabilities	483	507
Long-term debt	2,627	2,515
Deferred income taxes	269	271
Deferred revenues	232	220
Other non-current liabilities	190	201
Total liabilities	3,801	3,714
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.01 par value, authorized 6.0 shares, none issued and outstanding	0	0
Common stock, $0.01 par value, 76.1 and 75.7 shares issued as of March 31, 2026 and December 31, 2025	1	1
Treasury stock, at cost – 0.9 and 0.3 shares as of March 31, 2026 and December 31, 2025	(72)	(21)
Additional paid-in capital	12	14
Retained earnings	498	471
Accumulated other comprehensive income	8	3
Total stockholders’ equity	447	468
Total liabilities and stockholders’ equity	4,248	4,182
Trademarks, net
Current assets:
Intangible assets, net	1,208	1,208
Franchise agreements and other intangibles, net
Current assets:
Intangible assets, net	$ 275	$ 282

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

WYNDHAM HOTELS & RESORTS, INC. 10-Q