Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Marriott International Inc., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Land	684)	591)	601)	654)	299)
Buildings and leasehold improvements	1,100)	1,275)	1,052)	1,352)	729)
Furniture and equipment	1,225)	1,439)	1,121)	1,159)	768)
Construction in progress	196)	168)	116)	155)	130)
Property and equipment, gross	3,205)	3,473)	2,890)	3,320)	1,926)
Accumulated depreciation	(1,301)	(1,517)	(1,097)	(985)	(897)
Property and equipment, net	1,904)	1,956)	1,793)	2,335)	1,029)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Item	Description	The company
Property and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Marriott International Inc. property and equipment, gross increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Marriott International Inc. property and equipment, net increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Marriott International Inc., asset age ratios

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Average age ratio	51.61%	52.64%	47.92%	36.95%	55.13%
Estimated total useful life (years)	7	11	10	17	12
Estimated age, time elapsed since purchase (years)	4	6	5	6	7
Estimated remaining life (years)	4	5	5	11	6

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Marriott International Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Marriott International Inc. estimated total useful life of depreciable property, plant and equipment increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Marriott International Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
Estimated remaining life		Marriott International Inc. estimated remaining life of depreciable property, plant and equipment increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Accumulated depreciation	1,301)	1,517)	1,097)	985)	897)
Property and equipment, gross	3,205)	3,473)	2,890)	3,320)	1,926)
Land	684)	591)	601)	654)	299)
Asset Age Ratio
Average age¹	51.61%	52.64%	47.92%	36.95%	55.13%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property and equipment, gross – Land)
= 100 × 1,301 ÷ (3,205 – 684) = 51.61%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Marriott International Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Property and equipment, gross	3,205)	3,473)	2,890)	3,320)	1,926)
Land	684)	591)	601)	654)	299)
Gross depreciation expense	346)	256)	231)	157)	132)
Asset Age Ratio (Years)
Estimated total useful life¹	7	11	10	17	12

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

¹ Estimated total useful life = (Property and equipment, gross – Land) ÷ Gross depreciation expense
= (3,205 – 684) ÷ 346 = 7

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Marriott International Inc. estimated total useful life of depreciable property, plant and equipment increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Accumulated depreciation	1,301)	1,517)	1,097)	985)	897)
Gross depreciation expense	346)	256)	231)	157)	132)
Asset Age Ratio (Years)
Time elapsed since purchase¹	4	6	5	6	7

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Gross depreciation expense
= 1,301 ÷ 346 = 4

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Marriott International Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Property and equipment, net	1,904)	1,956)	1,793)	2,335)	1,029)
Land	684)	591)	601)	654)	299)
Gross depreciation expense	346)	256)	231)	157)	132)
Asset Age Ratio (Years)
Estimated remaining life¹	4	5	5	11	6

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

¹ Estimated remaining life = (Property and equipment, net – Land) ÷ Gross depreciation expense
= (1,904 – 684) ÷ 346 = 4

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Asset age ratio	Description	The company
Estimated remaining life		Marriott International Inc. estimated remaining life of depreciable property, plant and equipment increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

Marriott International Inc. (NASDAQ:MAR)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life