mar-20210803
falseMARRIOTT INTERNATIONAL INC /MD/000104828600010482862021-08-032021-08-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________ 
FORM 8-K
_______________________________________  
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2021
 _______________________________________ 
MARRIOTT INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
 _______________________________________ 
Delaware 1-1388152-2055918
(State or other jurisdiction
of incorporation)
 (Commission
File Number)
(IRS Employer
Identification No.)
10400 Fernwood Road,Bethesda,Maryland20817
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (301380-3000
 _______________________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Class A Common Stock, $0.01 par valueMAR
Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 2.02.Results of Operations and Financial Condition.
Financial Results for the Quarter Ended June 30, 2021
Marriott International, Inc. (Marriott) issued a press release reporting financial results for the quarter ended June 30, 2021.
A copy of Marriott’s press release is attached as Exhibit 99 and incorporated by reference.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished with this report:
Exhibit 99
104The cover page to this Current Report on Form 8-K, formatted in inline XBRL.

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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   MARRIOTT INTERNATIONAL, INC.
Date: August 3, 2021   By:  /s/ Felitia Lee
    Felitia Lee
    Controller and Chief Accounting Officer

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Document
Exhibit 99

https://cdn.kscope.io/9a32066315a01508b7f3089c5e504452-marq22020pr_image1a.jpg    https://cdn.kscope.io/9a32066315a01508b7f3089c5e504452-marq22020pr_image2a.jpg
NEWS

MARRIOTT INTERNATIONAL REPORTS SECOND QUARTER 2021 RESULTS

Second quarter 2021 comparable systemwide constant dollar RevPAR increased 262.6 percent worldwide, 274.6 percent in the U.S. & Canada, and 223.2 percent in international markets, compared to the 2020 second quarter;

Second quarter 2021 comparable systemwide constant dollar RevPAR declined 43.8 percent worldwide, 39.5 percent in the U.S. & Canada, and 55.6 percent in international markets, compared to the 2019 second quarter;

Second quarter reported diluted EPS totaled $1.28, compared to reported diluted loss per share of $0.72 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $0.79, compared to second quarter 2020 adjusted diluted loss per share of $0.57;

Second quarter reported net income totaled $422 million, compared to reported net loss of $234 million in the year-ago quarter. Second quarter adjusted net income totaled $260 million, compared to second quarter 2020 adjusted net loss of $184 million;

Adjusted EBITDA totaled $558 million in the 2021 second quarter, compared to second quarter 2020 adjusted EBITDA of $61 million;

The company added nearly 25,000 rooms globally during the second quarter, including roughly 13,000 rooms in international markets and a total of approximately 5,300 conversion rooms. Gross rooms growth was 6.1 percent for the twelve months ended June 30, 2021;

At quarter end, Marriott’s worldwide development pipeline totaled 2,750 properties and nearly 478,000 rooms, including roughly 19,000 rooms approved, but not yet subject to signed contracts. More than 212,000 rooms in the pipeline were under construction as of the end of the 2021 second quarter.


BETHESDA, MD – August 3, 2021 - Marriott International, Inc. (NASDAQ: MAR) today reported second quarter 2021 results.

Anthony Capuano, Chief Executive Officer, said, “The rate of global lodging recovery accelerated during the second quarter and momentum has continued into July. We are particularly pleased with the resilience of RevPAR1 in markets where consumers feel safe traveling. Worldwide occupancy continued
1 All occupancy, ADR and RevPAR statistics are systemwide constant dollar and include hotels that have been temporarily closed due to COVID-19. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. RevPAR comparisons between 2021 and 2020 reflect properties that are comparable in both years. ADR and RevPAR comparisons between 2021 and 2019 reflect properties that are defined as comparable as of June 30, 2021, even if they were not open and operating for the full year 2019 or they did not meet all the other criteria for comparable in 2019.
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to build, reaching 51 percent for the quarter. We also saw strong improvement in global average daily rate in the second quarter, which was down only 17 percent compared to the second quarter of 2019.

“The swift resurgence of lodging demand once the virus has been largely contained and restrictions have eased has been most evident in Mainland China. Second quarter RevPAR in Mainland China was on par with the second quarter of 2019, and in April, for the first time since the pandemic began, leisure, business transient and group room nights were all ahead of 2019 levels.

“In our largest region, the U.S. & Canada, demand stepped up significantly during the quarter, particularly at our resorts. Leisure demand once again led the way, although business transient and group demand also continued to grow. We are seeing more blending of trip purposes, a trend we expect will continue.

“Owners continue to seek out our brands. Year to date through June, rooms signed were 36 percent ahead of the same period in 2020 and more than 30 percent of rooms signed in the first half of this year are conversions. We have also seen strong openings, with approximately 49,000 rooms added to our system in the first six months of the year. For the full year 2021, we continue to expect gross rooms growth will accelerate to approximately 6 percent, with net rooms growth now expected to be towards the top end of the 3 to 3.5 percent range.

“Marriott Bonvoy hit 153 million members by quarter’s end. We continue to focus on engaging with our loyal customers through multiple offerings beyond hotel stays. Second quarter co-brand credit card fees surpassed 2019 second quarter fees, thanks to strong cardholder spend and robust global cardholder acquisitions. Our recent international credit card launches in South Korea and Mexico have seen strong initial success as has our new Uber collaboration in the U.S. Last week, we began offering U.S. customers booking through our digital channels the opportunity to purchase Allianz travel insurance products, providing peace of mind to our customers throughout the travel journey.

“While we are keeping a close eye on the Delta and other variant strains, we are optimistic that the upward trajectory of the global recovery will continue. We anticipate that more workers returning to their offices on a hybrid basis will serve as a catalyst for a meaningful increase in business transient and group demand in the fall. Many of our associates are starting to get back on the road, and our largest corporate clients tell us they are beginning to do the same. Our recovery to date has shown us that there
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is tremendous pent-up demand for the travel experiences we consistently provide. Timelines are hard to predict and will continue to vary by region, but I believe that we are on our way to a full global recovery.”

Second Quarter 2021 Results
Marriott’s reported operating income totaled $486 million in the 2021 second quarter, compared to 2020 second quarter reported operating loss of $154 million. Reported net income totaled $422 million in the 2021 second quarter, compared to 2020 second quarter reported net loss of $234 million. Reported diluted earnings per share (EPS) totaled $1.28 in the quarter, compared to reported diluted loss per share of $0.72 in the year-ago quarter.

Adjusted operating income in the 2021 second quarter totaled $406 million, compared to 2020 second quarter adjusted operating loss of $85 million. Adjusted operating loss in the 2020 second quarter excluded impairment charges of $24 million.

Second quarter 2021 adjusted net income totaled $260 million, compared to 2020 second quarter adjusted net loss of $184 million. Adjusted diluted EPS in the 2021 second quarter totaled $0.79, compared to adjusted diluted loss per share of $0.57 in the year-ago quarter. These adjusted results excluded special tax items of $98 million ($0.30 per share) in the 2021 second quarter and impairment charges of $25 million after-tax ($0.08 per share) in the 2020 second quarter.

Adjusted results also excluded restructuring and merger-related charges, cost reimbursement revenue, and reimbursed expenses. See pages A-3 and A-12 for the calculation of adjusted results and the manner in which the adjusted measures are determined in this press release.

Base management and franchise fees totaled $587 million in the 2021 second quarter, compared to base management and franchise fees of $222 million in the year-ago quarter. The year-over-year increase in these fees is primarily attributable to RevPAR increases due to the ongoing recovery in lodging demand from the impacts of COVID-19. Other non-RevPAR related franchise fees in the 2021 second quarter totaled $160 million, compared to $107 million in the year-ago quarter, aided by a $43 million increase in credit card branding fees.

Incentive management fees totaled $55 million in the 2021 second quarter, compared to $12 million in the 2020 second quarter. Hotels in international markets earned $40 million of the fees in the quarter, with particular strength in Greater China.
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Owned, leased, and other revenue, net of direct expenses, totaled a profit of $19 million in the 2021 second quarter, compared to a $72 million loss in the year-ago quarter. The $91 million increase in revenue net of expenses year over year largely reflects the ongoing recovery in lodging demand from the impacts of COVID-19 as well as $18 million of subsidies received from German government COVID-19 assistance programs.

Depreciation, amortization, and other expenses for the 2021 second quarter totaled $50 million, compared to $72 million in the year-ago quarter. The year-over-year change is primarily due to a $15 million impairment charge recorded in the 2020 second quarter.

General, administrative, and other expenses for the 2021 second quarter totaled $187 million, compared to $178 million in the year-ago quarter. The year-over-year increase primarily reflects lower compensation costs in 2020 as a result of reductions in executive pay, shortened work weeks and furloughs, partially offset by lower bad debt expense in the 2021 quarter.

Interest expense, net, totaled $102 million in the second quarter compared to $119 million in the year-ago quarter. The year-over-year decrease is largely due to lower debt balances.

Equity in losses for the second quarter totaled $8 million, compared to a $30 million loss in the year-ago quarter. The decrease in losses largely reflects improved results at joint venture properties due to the ongoing recovery in lodging demand from the impacts of COVID-19 and an $8 million impairment charge recorded in the 2020 second quarter.

In the 2021 second quarter, the provision for income taxes totaled a $41 million benefit, compared to a $64 million benefit in the 2020 second quarter. The change in benefit largely reflects higher income before taxes, partially offset by a $118 million reversal of reserves in the 2021 second quarter related to the closure of pre-acquisition Starwood audits.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $558 million in the 2021 second quarter, compared to second quarter 2020 adjusted EBITDA of $61 million. See page A-12 for the adjusted EBITDA calculation.


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Selected Performance Information
The company added 149 properties (24,909 rooms) to its worldwide lodging portfolio during the 2021 second quarter, including approximately 5,300 conversion rooms and roughly 13,000 rooms in international markets. Additions in the 2021 second quarter included eight all-inclusive conversion properties (2,943 rooms) in the company’s Caribbean and Latin America region, part of the nearly 7,000-room deal signed in the first quarter of 2021. Fourteen properties (2,486 rooms) exited the system during the quarter. At quarter end, Marriott’s global lodging system totaled 7,797 properties, with over 1,451,000 rooms.

At quarter end, the company’s worldwide development pipeline totaled 2,750 properties with nearly 478,000 rooms, including 1,069 properties with more than 212,000 rooms under construction and 114 properties with roughly 19,000 rooms approved for development, but not yet subject to signed contracts.

In the 2021 second quarter, worldwide RevPAR increased 262.6 percent (a 268.7 percent increase using actual dollars) compared to the 2020 second quarter. RevPAR in the U.S. & Canada increased 274.6 percent (a 275.8 percent increase using actual dollars), and RevPAR in international markets increased 223.2 percent (a 244.1 percent increase using actual dollars).

Balance Sheet and Liquidity
At quarter end, Marriott’s net debt was $9.5 billion, representing total debt of $10.2 billion less cash and cash equivalents of $0.7 billion. At year-end 2020, the company’s net debt was $9.5 billion, representing total debt of $10.4 billion less cash and cash equivalents of $0.9 billion.

The company’s net liquidity was approximately $4.7 billion at the end of the second quarter, representing $0.6 billion in available cash balances and $4.1 billion of unused borrowing capacity under its revolving credit facility.

On July 23, 2021, Marriott announced that on August 9, 2021 it will redeem all $400 million aggregate principal amount of its outstanding 3.125% Series N Notes Due October 15, 2021.




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Investment Spending
Marriott now anticipates that full year 2021 investment spending will total $575 million to $625 million. Total investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities.

COVID-19
Due to the numerous uncertainties associated with COVID-19, Marriott cannot presently estimate the impact of this unprecedented situation on its future results, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company’s results.

Marriott International, Inc. (NASDAQ: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, August 3, 2021 at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott’s investor relations website at http://www.marriott.com/investor, click on “Events & Presentations” and click on the quarterly conference call link. A replay will be available at that same website until August 2, 2022.

The telephone dial-in number for the conference call is 1-706-679-3455 and the conference ID is 2952228. A telephone replay of the conference call will be available from 1:00 p.m. ET, Tuesday, August 3, 2021 until 8:00 p.m. ET, Monday, August 10, 2021. To access the replay, call 1-404-537-3406. The conference ID for the recording is 2952228.

Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of August 3, 2021. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to the possible effects on our business of the COVID-19 pandemic and efforts to contain it (COVID-19); recovery in lodging demand; travel and lodging demand and trends; future performance of the company's hotels; our development pipeline, signings, rooms growth and conversions; the expected timing and completion of certain transactions; our investment spending expectations; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including those we identify below and other risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K. Risks that could affect forward-looking statements in this press release include the duration and scope of COVID-19, including the availability and distribution of effective vaccines or treatments; the pandemic’s short and longer-term impact on the demand for travel, transient and group business, and levels of consumer confidence; actions governments, businesses and
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individuals have taken or may take in response to the pandemic, including limiting, banning, or cautioning against travel and/or in-person gatherings or imposing occupancy or other restrictions on lodging or other facilities; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies, travel, and economic activity, including the duration and magnitude of the pandemic’s impact on unemployment rates and consumer discretionary spending; the ability of our owners and franchisees to successfully navigate the impacts of COVID-19; the pace of recovery when the pandemic subsides and any dislocations in recovery as a result of resurgences of the pandemic; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps we and our property owners and franchisees have taken and may continue to take to reduce operating costs and/or enhance certain health and cleanliness protocols at our hotels; the impacts of our employee furloughs and reduced work week schedules, our voluntary transition program and our other restructuring activities; competitive conditions in the lodging industry and in the labor market; relationships with customers and property owners; the availability of capital to finance hotel growth and refurbishment; the extent to which we experience adverse effects from data security incidents; and changes in tax laws in countries in which we earn significant income. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of roughly 7,800 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy™, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

Marriott may post updates about COVID-19 and other matters on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on these websites, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only.

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CONTACT:
Connie Kim
Corporate Relations
(301) 380-4028
connie.kim@marriott.com
Jackie Burka McConagha
Investor Relations
(301) 380-5126
jackie.burka@marriott.com
Betsy Dahm
Investor Relations
(301) 380-3372
betsy.dahm@marriott.com

IRPR#1

Tables follow

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MARRIOTT INTERNATIONAL, INC.
PRESS RELEASE SCHEDULES
TABLE OF CONTENTS
QUARTER 2, 2021
Consolidated Statements of Income - As Reported
Non-GAAP Financial Measures
Total Lodging Products
Key Lodging Statistics
Adjusted EBITDA
Explanation of Non-GAAP Financial and Performance Measures




MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED
SECOND QUARTER 2021 AND 2020
(in millions except per share amounts, unaudited)

As ReportedAs ReportedPercent
Three Months EndedThree Months EndedBetter/(Worse)
June 30, 2021June 30, 2020
Reported 2021 vs. 2020
REVENUES
Base management fees$156 $40 290 
Franchise fees 1
431 182 137 
Incentive management fees55 12 358 
   Gross Fee Revenues642 234 174 
Contract investment amortization 2
(18)(21)14 
   Net Fee Revenues624 213 193 
Owned, leased, and other revenue 3
187 49 282 
Cost reimbursement revenue 4
2,338 1,202 95 
   Total Revenues3,149 1,464 115 
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct 5
168 121 (39)
Depreciation, amortization, and other 6
50 72 31 
General, administrative, and other 7
187 178 (5)
Restructuring and merger-related charges50 
Reimbursed expenses 4
2,255 1,241 (82)
   Total Expenses2,663 1,618 (65)
OPERATING INCOME (LOSS)486 (154)416 
Gains and other income, net 8
— 
Interest expense(109)(127)14 
Interest income (13)
Equity in losses 9
(8)(30)73 
INCOME (LOSS) BEFORE INCOME TAXES381 (298)228 
Benefit for income taxes41 64 (36)
NET INCOME (LOSS)$422 $(234)280 
EARNINGS (LOSS) PER SHARE
   Earnings (Loss) per share - basic$1.29 $(0.72)279 
   Earnings (Loss) per share - diluted$1.28 $(0.72)278 
Basic Shares327.1 325.6 
Diluted Shares 10
329.1 325.6 
1Franchise fees include fees from our franchise agreements, application and relicensing fees, licensing fees from our timeshare, credit card programs, and residential branding fees.
2Contract investment amortization includes amortization of capitalized costs to obtain contracts with our owner and franchisee customers, and any related impairments, accelerations, or write-offs.
3Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.
4Cost reimbursement revenue includes reimbursements from properties for property-level and centralized programs and services that we operate for the benefit of our hotel owners. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services.
5Owned, leased, and other - direct expenses include operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses.
6Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of capitalized costs incurred to acquire management, franchise, and license agreements, and any related impairments, accelerations, or write-offs.
7General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses.
8Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments.
9Equity in losses include our equity in losses of unconsolidated equity method investments.
10Basic and fully diluted weighted average shares outstanding used to calculate earnings (loss) per share for the period in which we had a loss are the same because inclusion of additional equivalents would be anti-dilutive.
A-1


MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED
SECOND QUARTER YEAR-TO-DATE 2021 AND 2020
(in millions except per share amounts, unaudited)

As ReportedAs ReportedPercent
Six Months Ended
Six Months Ended
Better/(Worse)
June 30, 2021
June 30, 2020
Reported 2021 vs. 2020
REVENUES
Base management fees$262 $254 
Franchise fees 1
737 597 23 
Incentive management fees88 12 633 
   Gross Fee Revenues1,087 863 26 
Contract investment amortization 2
(35)(46)24 
   Net Fee Revenues1,052 817 29 
Owned, leased, and other revenue 3
295 329 (10)
Cost reimbursement revenue 4
4,118 4,999 (18)
   Total Revenues5,465 6,145 (11)
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct 5
303 393 23 
Depreciation, amortization, and other 6
102 222 54 
General, administrative, and other 7
398 448 11 
Restructuring and merger-related charges— 
Reimbursed expenses 4
4,088 5,118 20 
   Total Expenses4,895 6,185 21 
OPERATING INCOME (LOSS)570 (40)1,525 
Gains and other income, net 8
500 
Interest expense(216)(220)
Interest income 14 14 — 
Equity in losses 9
(20)(34)41 
INCOME (LOSS) BEFORE INCOME TAXES354 (279)227 
Benefit for income taxes57 76 (25)
NET INCOME (LOSS)$411 $(203)302 
EARNINGS (LOSS) PER SHARE
   Earnings (Loss) per share - basic$1.26 $(0.63)300 
   Earnings (Loss) per share - diluted$1.25 $(0.63)298 
Basic Shares326.9 325.5 
Diluted Shares10
329.0 325.5 
1Franchise fees include fees from our franchise agreements, application and relicensing fees, licensing fees from our timeshare, credit card programs, and residential branding fees.
2Contract investment amortization includes amortization of capitalized costs to obtain contracts with our owner and franchisee customers, and any related impairments, accelerations, or write-offs.
3Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.
4Cost reimbursement revenue includes reimbursements from properties for property-level and centralized programs and services that we operate for the benefit of our hotel owners. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services.
5Owned, leased, and other - direct expenses include operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses.
6Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of capitalized costs incurred to acquire management, franchise, and license agreements, and any related impairments, accelerations, or write-offs.
7General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses.
8Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments.
9Equity in losses include our equity in losses of unconsolidated equity method investments.
10Basic and fully diluted weighted average shares outstanding used to calculate earnings (loss) per share for the period in which we had a loss are the same because inclusion of additional equivalents would be anti-dilutive.
A-2


MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
($ in millions except per share amounts)


The following table presents our reconciliations of Adjusted operating income (loss), Adjusted operating income (loss) margin, Adjusted net income (loss), and Adjusted diluted earnings (loss) per share, to the most directly comparable GAAP measure. Adjusted total revenues is used in the determination of Adjusted operating income (loss) margin.

Three Months Ended
Six Months Ended
June 30, 2021June 30, 2020Percent Better/(Worse)June 30, 2021June 30, 2020Percent Better/(Worse)
Total revenues, as reported$3,149 $1,464 $5,465 $6,145 
Less: Cost reimbursement revenue(2,338)(1,202)(4,118)(4,999)
Add: Impairments 1
— — $10 
Adjusted total revenues **811 265 1,347 1,156 
Operating income (loss), as reported486 (154)570 (40)
Less: Cost reimbursement revenue(2,338)(1,202)(4,118)(4,999)
Add: Reimbursed expenses2,255 1,241 4,088 5,118 
Add: Restructuring and merger-related charges
Add: Impairments 2
— 24 — 125 
Adjusted operating income (loss) **406 (85)*544 208 162 %
Operating income (loss) margin15 %-11 %10 %-1 %
Adjusted operating income (loss) margin **50 %-32 %40 %18 %
Net income (loss), as reported422 (234)411 (203)
Less: Cost reimbursement revenue(2,338)(1,202)(4,118)(4,999)
Add: Reimbursed expenses2,255 1,241 4,088 5,118 
Add: Restructuring and merger-related charges
Add: Impairments 3
— 32 133 
Income tax effect of above adjustments16 (27)(77)
Less: Income tax special items(98)— (98)— 
Adjusted net income (loss) **$260 $(184)*$294 $(24)*
Diluted earnings (loss) per share, as reported$1.28 $(0.72)$1.25 $(0.63)
Adjusted diluted earnings (loss) per share**$0.79 $(0.57)*$0.89 $(0.07)*

*Calculated percentage is not meaningful

**Denotes non-GAAP financial measures. Please see pages A-13 and A-14 for information about our reasons for providing these alternative financial measures and the limitations on their use.

1 Includes impairment charges reported in Contract investment amortization of $3 million and $10 million in the 2020 second quarter and 2020 second quarter year-to-date, respectively.

2 Includes impairment charges reported in Contract investment amortization of $3 million and $10 million; and Depreciation, amortization, and other of $21 million and $115 million in the 2020 second quarter and 2020 second quarter year-to-date, respectively.

3 Includes impairment charges reported in Equity in losses of $4 million in the 2021 second quarter year-to-date. Includes impairment charges reported in Contract investment amortization of $3 million and $10 million; Depreciation, amortization, and other of $21 million and $115 million; Equity in losses of $8 million in both the 2020 second quarter and 2020 second quarter year-to-date, respectively.

A-3


MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2021

US & CanadaTotal InternationalTotal Worldwide
UnitsRoomsUnitsRoomsUnitsRooms
 Managed 643 221,660 1,282 329,998 1,925 551,658 
 Marriott Hotels 114 61,587 182 53,148 296 114,735 
 Marriott Hotels Serviced Apartments — — 154 154 
 Sheraton 28 23,609 188 63,313 216 86,922 
 Courtyard 169 27,265 103 22,405 272 49,670 
 Westin 40 21,847 74 22,341 114 44,188 
 JW Marriott 21 12,712 62 23,099 83 35,811 
 Renaissance 24 10,607 58 18,284 82 28,891 
 The Ritz-Carlton 38 11,406 65 16,410 103 27,816 
 The Ritz-Carlton Serviced Apartments — — 715 715 
 Four Points 134 79 21,755 80 21,889 
 Le Méridien 100 70 20,031 71 20,131 
 W Hotels 22 6,403 33 8,984 55 15,387 
 W Hotels Serviced Apartments — — 160 160 
 Residence Inn 76 12,199 982 84 13,181 
 The Luxury Collection 2,296 48 8,741 54 11,037 
 Gaylord Hotels 10,220 — — 10,220 
 St. Regis 10 1,968 37 8,662 47 10,630 
 St. Regis Serviced Apartments — — 70 70 
 Aloft 330 41 9,452 42 9,782 
 AC Hotels by Marriott 1,165 68 8,264 75 9,429 
 Fairfield by Marriott 1,539 47 6,467 54 8,006 
 Delta Hotels 25 6,770 360 26 7,130 
 Marriott Executive Apartments — — 35 5,238 35 5,238 
 Autograph Collection 2,335 16 2,441 24 4,776 
 SpringHill Suites 27 4,496 — — 27 4,496 
 Protea Hotels — — 28 3,466 28 3,466 
 EDITION 1,207 1,488 11 2,695 
 Element 640 1,786 11 2,426 
 Moxy — — 887 887 
 TownePlace Suites 825 — — 825 
 Tribute Portfolio — — 453 453 
 Bulgari — — 442 442 
 Franchised 4,868 697,256 747 154,400 5,615 851,656 
 Courtyard 840 112,096 99 18,582 939 130,678 
 Fairfield by Marriott 1,082 101,273 33 5,707 1,115 106,980 
 Residence Inn 759 90,335 17 2,369 776 92,704 
 Marriott Hotels 224 70,954 61 18,412 285 89,366 
 Sheraton 154 46,451 67 18,679 221 65,130 
 SpringHill Suites 479 55,182 — — 479 55,182 
 TownePlace Suites 455 46,167 — — 455 46,167 
 Autograph Collection 120 23,959 87 19,309 207 43,268 
 Westin 89 30,194 23 7,163 112 37,357 
 Four Points 159 23,864 60 10,028 219 33,892 
 Renaissance 60 17,425 29 7,781 89 25,206 
 Aloft 139 20,072 22 3,561 161 23,633 
 AC Hotels by Marriott 78 13,004 37 6,614 115 19,618 
 Moxy 26 4,913 61 11,748 87 16,661 
 Delta Hotels 55 12,165 1,887 63 14,052 
 The Luxury Collection 10 2,644 51 9,465 61 12,109 
 Le Méridien 22 5,096 16 4,212 38 9,308 
 Element 64 8,544 293 66 8,837 
 Tribute Portfolio 34 5,689 20 2,497 54 8,186 
 JW Marriott 13 5,947 2,131 21 8,078 
 Protea Hotels — — 36 2,949 36 2,949 
 Design Hotels 853 862 13 1,715 
 The Ritz-Carlton 429 — — 429 
 Bulgari — — 85 85 
 Marriott Executive Apartments — — 66 66 
A-4


MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2021
US & CanadaTotal InternationalTotal Worldwide
UnitsRoomsUnitsRoomsUnitsRooms
Owned/Leased26 6,483 39 9,288 65 15,771 
Courtyard19 2,814 894 23 3,708 
Marriott Hotels1,308 2,064 3,372 
Sheraton— — 1,830 1,830 
W Hotels779 665 1,444 
Westin1,073 — — 1,073 
Protea Hotels— — 991 991 
Renaissance317 505 822 
Autograph Collection1
— — 576 576 
The Ritz-Carlton— — 550 550 
JW Marriott— — 496 496 
The Luxury Collection2
— — 417 417 
Residence Inn192 140 332 
St. Regis— — 160 160 
Residences63 6,773 37 2,993 100 9,766 
The Ritz-Carlton Residences37 4,177 13 1,034 50 5,211 
St. Regis Residences10 1,105 598 17 1,703 
W Residences10 1,089 359 14 1,448 
Bulgari Residences— — 514 514 
Westin Residences266 — — 266 
Marriott Hotels Residences— — 246 246 
The Luxury Collection Residences91 115 206 
Autograph Collection Residences— — 62 62 
Sheraton Residences— — 50 50 
EDITION Residences45 — — 45 
Le Méridien Residences— — 15 15 
Timeshare*72 18,896 20 3,862 92 22,758 
Grand Total5,672 951,068 2,125 500,541 7,797 1,451,609 
*Timeshare property and room counts are included on this table in their geographical locations.  For external reporting purposes, these counts are captured in the Corporate segment.
1 Includes five properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under the Autograph Collection brand following the completion of planned renovations.
2 Includes two properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under The Luxury Collection brand following the completion of planned renovations.
A-5


MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2021
US & CanadaTotal InternationalTotal Worldwide
Total SystemwideUnitsRoomsUnitsRoomsUnitsRooms
Luxury187 52,298 366 85,360 553 137,658 
JW Marriott34 18,659 71 25,726 105 44,385 
The Ritz-Carlton39 11,835 67 16,960 106 28,795 
The Ritz-Carlton Residences37 4,177 13 1,034 50 5,211 
The Ritz-Carlton Serviced Apartments— — 715 715 
The Luxury Collection1
16 4,940 103 18,623 119 23,563 
The Luxury Collection Residences91 115 206 
W Hotels24 7,182 35 9,649 59 16,831 
W Residences10 1,089 359 14 1,448 
W Hotels Serviced Apartments— — 160 160 
St. Regis10 1,968 38 8,822 48 10,790 
St. Regis Residences10 1,105 598 17 1,703 
St. Regis Serviced Apartments— — 70 70 
EDITION1,207 1,488 11 2,695 
EDITION Residences45 — — 45 
Bulgari— — 527 527 
Bulgari Residences— — 514 514 
Full-Service1,016 352,825 973 271,979 1,989 624,804 
Marriott Hotels340 133,849 249 73,624 589 207,473 
Marriott Hotels Residences— — 246 246 
Marriott Hotels Serviced Apartments— — 154 154 
Sheraton182 70,060 259 83,822 441 153,882 
Sheraton Residences— — 50 50 
Westin130 53,114 97 29,504 227 82,618 
Westin Residences266 — — 266 
Renaissance85 28,349 89 26,570 174 54,919 
Autograph Collection2
128 26,294 109 22,326 237 48,620 
Autograph Collection Residences— — 62 62 
Le Méridien23 5,196 86 24,243 109 29,439 
Le Méridien Residences— — 15 15 
Delta Hotels80 18,935 2,247 89 21,182 
Gaylord Hotels10,220 — — 10,220 
Tribute Portfolio34 5,689 25 2,950 59 8,639 
Marriott Executive Apartments— — 36 5,304 36 5,304 
Design Hotels853 862 13 1,715 
Limited-Service4,397 527,049 766 139,340 5,163 666,389 
Courtyard1,028 142,175 206 41,881 1,234 184,056 
Fairfield by Marriott1,089 102,812 80 12,174 1,169 114,986 
Residence Inn836 102,726 26 3,491 862 106,217 
SpringHill Suites506 59,678 — — 506 59,678 
Four Points160 23,998 139 31,783 299 55,781 
TownePlace Suites461 46,992 — — 461 46,992 
Aloft140 20,402 63 13,013 203 33,415 
AC Hotels by Marriott85 14,169 105 14,878 190 29,047 
Moxy26 4,913 66 12,635 92 17,548 
Element66 9,184 11 2,079 77 11,263 
Protea Hotels— — 70 7,406 70 7,406 
Timeshare*72 18,896 20 3,862 92 22,758 
Grand Total5,672 951,068 2,125 500,541 7,797 1,451,609 
*Timeshare property and room counts are included on this table in their geographical locations.  For external reporting purposes, these counts are captured in the Corporate segment.
1 Includes two properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under The Luxury Collection brand following the completion of planned renovations.
2 Includes five properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under the Autograph Collection brand following the completion of planned renovations.
A-6


MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $

Comparable Company-Operated US & Canada Properties
Three Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Brand2021 vs. 20202021 vs. 20202021 vs. 2020
JW Marriott$128.58 909.5 %48.5 %42.5 %pts.$265.07 25.8 %
The Ritz-Carlton$236.30 582.3 %49.6 %40.2 %pts.$476.74 29.2 %
W Hotels$127.76 910.8 %42.9 %37.2 %pts.$297.92 33.4 %
Composite US & Canada Luxury1
$173.52 805.1 %46.9 %40.3 %pts.$369.88 26.8 %
Marriott Hotels$67.46 526.5 %41.4 %34.4 %pts.$163.00 6.2 %
Sheraton$59.63 581.2 %34.1 %27.1 %pts.$174.92 38.8 %
Westin$79.07 648.1 %40.6 %34.1 %pts.$194.62 20.0 %
Composite US & Canada Premium2
$66.74 618.3 %38.7 %32.5 %pts.$172.26 14.8 %
US & Canada Full-Service3
$88.51 682.7 %40.4 %34.1 %pts.$219.04 21.4 %
Courtyard$65.34 429.1 %57.9 %45.8 %pts.$112.88 10.8 %
Residence Inn$102.17 166.3 %71.3 %41.7 %pts.$143.36 10.5 %
Composite US & Canada Limited-Service4
$74.56 294.1 %60.9 %44.4 %pts.$122.36 7.1 %
US & Canada - All5
$85.36 554.9 %45.0 %36.4 %pts.$189.49 25.1 %

Comparable Systemwide US & Canada Properties
Three Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Brand2021 vs. 20202021 vs. 20202021 vs. 2020
JW Marriott$128.54 987.7 %49.9 %44.9 %pts.$257.72 8.9 %
The Ritz-Carlton$231.29 595.1 %49.1 %40.1 %pts.$471.31 27.7 %
W Hotels$127.76 910.8 %42.9 %37.2 %pts.$297.92 33.4 %
Composite US & Canada Luxury1
$163.97 823.0 %47.6 %41.4 %pts.$344.32 20.5 %
Marriott Hotels$67.99 425.5 %44.1 %34.5 %pts.$154.02 14.6 %
Sheraton$56.11 338.4 %40.7 %28.4 %pts.$137.95 32.1 %
Westin$75.82 493.1 %43.0 %33.8 %pts.$176.13 27.6 %
Composite US & Canada Premium2
$70.08 446.4 %43.3 %33.4 %pts.$161.89 25.1 %
US & Canada Full-Service3
$81.05 504.7 %43.8 %34.3 %pts.$185.07 30.9 %
Courtyard$72.99 288.8 %60.3 %41.3 %pts.$121.12 22.2 %
Residence Inn$95.46 110.2 %73.8 %33.4 %pts.$129.40 15.0 %
Fairfield by Marriott$69.43 209.7 %65.0 %39.7 %pts.$106.78 20.8 %
Composite US & Canada Limited-Service4
$77.16 187.7 %65.3 %38.5 %pts.$118.10 18.0 %
US & Canada - All5
$78.83 274.6 %56.1 %36.7 %pts.$140.63 29.3 %
1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.
2 Includes Marriott Hotels, Sheraton, Westin, Renaissance, Autograph Collection, Delta Hotels, and Gaylord Hotels. Systemwide also includes Le Méridien and Tribute Portfolio.
3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.
4 Includes Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, TownePlace Suites, Four Points, Aloft, Element, and AC Hotels by Marriott. Systemwide also includes Moxy.
5 Includes US & Canada Full-Service and Composite US & Canada Limited-Service.
A-7


MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
Three Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Region2021 vs. 2020 2021 vs. 2020 2021 vs. 2020
Greater China$78.73 117.0 %63.9 %28.6 %pts.$123.20 19.9 %
Asia Pacific excluding China$32.64 164.1 %29.6 %16.6 %pts.$110.13 15.9 %
Caribbean & Latin America$74.09 1105.4 %41.7 %35.4 %pts.$177.58 83.1 %
Europe$39.27 1030.5 %23.8 %20.8 %pts.$165.29 40.9 %
Middle East & Africa$66.28 211.1 %45.1 %28.0 %pts.$146.92 18.3 %
International - All1
$56.09 203.1 %41.8 %24.3 %pts.$134.07 27.3 %
Worldwide2
$69.73 336.9 %43.3 %29.9 %pts.$160.92 35.1 %

Comparable Systemwide International Properties
Three Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Region2021 vs. 2020 2021 vs. 2020 2021 vs. 2020
Greater China$75.03 114.3 %62.4 %27.5 %pts.$120.14 20.1 %
Asia Pacific excluding China$33.57 147.6 %30.3 %16.4 %pts.$110.98 13.7 %
Caribbean & Latin America$60.45 1068.5 %39.7 %33.5 %pts.$152.35 80.6 %
Europe$34.30 732.1 %23.2 %19.7 %pts.$147.73 25.7 %
Middle East & Africa$60.89 219.1 %43.7 %27.5 %pts.$139.21 18.7 %
International - All1
$49.94 223.2 %38.4 %23.3 %pts.$130.09 26.7 %
Worldwide2
$70.29 262.6 %50.8 %32.8 %pts.$138.28 28.9 %
1 Includes Greater China, Asia Pacific excluding China, Caribbean & Latin America, Europe, and Middle East & Africa.
2 Includes US & Canada - All and International - All.
A-8


MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated US & Canada Properties
Six Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Brand2021 vs. 20202021 vs. 20202021 vs. 2020
JW Marriott$109.31 24.0 %40.4 %8.3 %pts.$270.24 -1.5 %
The Ritz-Carlton$210.02 47.4 %42.5 %9.5 %pts.$494.06 14.3 %
W Hotels$108.78 13.2 %35.3 %3.9 %pts.$307.74 0.7 %
Composite US & Canada Luxury1
$153.10 29.9 %39.4 %7.1 %pts.$388.29 6.5 %
Marriott Hotels$51.29 -20.0 %32.8 %0.9 %pts.$156.44 -22.1 %
Sheraton$42.84 -28.1 %25.8 %-5.0 %pts.$166.08 -14.1 %
Westin$59.92 -7.6 %32.3 %1.4 %pts.$185.50 -11.5 %
Composite US & Canada Premium2
$50.36 -18.6 %30.5 %-0.7 %pts.$164.95 -16.8 %
US & Canada Full-Service3
$71.32 -2.7 %32.3 %0.9 %pts.$220.48 -5.5 %
Courtyard$51.38 17.2 %49.4 %16.8 %pts.$104.09 -22.7 %
Residence Inn$89.43 18.3 %66.2 %18.3 %pts.$135.12 -14.4 %
Composite US & Canada Limited-Service4
$60.98 15.8 %53.2 %16.4 %pts.$114.61 -19.8 %
US & Canada - All5
$68.98 0.5 %37.1 %4.4 %pts.$186.13 -11.4 %
Comparable Systemwide US & Canada Properties
Six Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Brand2021 vs. 20202021 vs. 20202021 vs. 2020
JW Marriott$107.06 22.6 %42.1 %10.6 %pts.$254.25 -8.2 %
The Ritz-Carlton$203.99 46.9 %41.7 %9.2 %pts.$489.57 14.3 %
W Hotels$108.78 13.2 %35.3 %3.9 %pts.$307.74 0.7 %
Composite US & Canada Luxury1
$142.01 27.9 %40.0 %7.9 %pts.$354.97 2.7 %
Marriott Hotels$52.41 -7.4 %35.8 %3.6 %pts.$146.38 -16.7 %
Sheraton$43.03 -12.8 %33.4 %0.6 %pts.$128.84 -14.3 %
Westin$58.59 -7.6 %35.0 %1.9 %pts.$167.41 -12.7 %
Composite US & Canada Premium2
$54.19 -5.2 %35.3 %2.8 %pts.$153.45 -12.8 %
US & Canada Full-Service3
$64.46 1.6 %35.9 %3.4 %pts.$179.71 -8.1 %
Courtyard$58.01 25.5 %51.9 %15.2 %pts.$111.82 -11.3 %
Residence Inn$83.14 20.7 %68.0 %15.6 %pts.$122.27 -7.0 %
Fairfield by Marriott$55.51 38.1 %56.0 %16.7 %pts.$99.10 -3.2 %
Composite US & Canada Limited-Service4
$63.41 26.2 %57.6 %15.7 %pts.$110.16 -8.2 %
US & Canada - All5
$63.86 14.2 %48.2 %10.4 %pts.$132.44 -10.5 %
1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.
2 Includes Marriott Hotels, Sheraton, Westin, Renaissance, Autograph Collection, Delta Hotels, and Gaylord Hotels. Systemwide also includes Le Méridien and Tribute Portfolio.
3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.
4 Includes Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, TownePlace Suites, Four Points, Aloft, Element, and AC Hotels by Marriott. Systemwide also includes Moxy.
5 Includes US & Canada Full-Service and Composite US & Canada Limited-Service.

A-9



MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
Six Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Region2021 vs. 20202021 vs. 20202021 vs. 2020
Greater China$67.09 100.5 %56.0 %26.1 %pts.$119.81 6.9 %
Asia Pacific excluding China$34.84 -28.5 %31.6 %-1.5 %pts.$110.14 -25.2 %
Caribbean & Latin America$63.16 1.6 %36.6 %5.4 %pts.$172.56 -13.5 %
Europe$28.41 -37.4 %18.6 %-6.3 %pts.$152.83 -16.0 %
Middle East & Africa$65.27 15.7 %43.4 %5.6 %pts.$150.33 0.9 %
International - All1
$50.15 9.2 %38.4 %7.2 %pts.$130.64 -11.3 %
Worldwide2
$58.93 4.3 %37.8 %5.9 %pts.$156.04 -12.0 %

Comparable Systemwide International Properties
Six Months Ended June 30, 2021 and June 30, 2020
REVPAROccupancyAverage Daily Rate
Region2021 vs. 20202021 vs. 20202021 vs. 2020
Greater China$64.34 97.1 %55.0 %25.4 %pts.$116.89 6.2 %
Asia Pacific excluding China$35.99 -25.8 %32.5 %-0.8 %pts.$110.75 -24.1 %
Caribbean & Latin America$49.66 -1.1 %34.2 %4.9 %pts.$145.19 -15.3 %
Europe$24.86 -38.4 %18.2 %-6.6 %pts.$136.64 -16.0 %
Middle East & Africa$59.81 15.9 %42.2 %5.3 %pts.$141.76 1.5 %
International - All1
$44.17 1.8 %35.1 %4.9 %pts.$125.93 -12.4 %
Worldwide2
$58.05 11.1 %44.3 %8.8 %pts.$130.92 -10.9 %
1 Includes Greater China, Asia Pacific excluding China, Caribbean & Latin America, Europe, and Middle East & Africa.
2 Includes US & Canada - All and International - All.

A-10


MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS - 2021 vs 2019
In Constant $

Comparable Systemwide Properties1
Three Months Ended June 30, 2021 and June 30, 2019
REVPAROccupancyAverage Daily Rate
Region2021 vs. 2019 2021 vs. 2019 2021 vs. 2019
Greater China$75.03 -16.9 %62.4 %-5.3 %pts.$120.14 -9.9 %
Asia Pacific excluding China$33.57 -69.0 %30.3 %-39.9 %pts.$110.98 -28.2 %
Caribbean & Latin America$60.45 -38.7 %39.7 %-22.0 %pts.$152.35 -4.7 %
Europe$34.30 -77.4 %23.2 %-52.7 %pts.$147.73 -26.1 %
Middle East & Africa$60.89 -31.0 %43.7 %-19.4 %pts.$139.21 -0.3 %
International - All2
$49.94 -55.6 %