What is the unit of currency used in this financial table for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
HYATT HOTELS CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Amounts in millions of dollars, unless otherwise indicated)
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the financial statements are presented in millions of dollars, unless otherwise indicated. This is explicitly stated in the notes to the consolidated financial statements of Hyatt Hotels Corporation and its subsidiaries. This means that all the dollar figures presented in the financial statements are in millions, simplifying the presentation of large numbers.
For a prospective Caption By Hyatt franchisee, this is important because it sets the context for understanding the scale of the financial figures presented. When reviewing the financial statements, a franchisee should remember that a figure of, say, $10, represents $10 million. This understanding is crucial for accurately assessing the financial health and performance of Hyatt Hotels Corporation.
It's worth noting the qualification "unless otherwise indicated," which suggests that some specific figures within the statements might be presented in different units, such as thousands or individual dollars. Therefore, franchisees should always pay close attention to the specific units mentioned alongside each financial figure to avoid misinterpretations. This level of detail is typical for large corporations to ensure clarity while still using a manageable scale for overall presentation.