These may include working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness. Notably, InvestingPro analysis reveals that management has been aggressively buying back shares, while maintaining impressive gross profit margins of 81.87%. Interest payments for both the Series RR and SS Notes are scheduled semi-annually with the first payment due on October 15, 2025. The Series RR Notes will mature on April 15, 2032, and the Series SS Notes will mature on April 15, 2037. The company also retains the option to redeem the notes, either in whole or in part, under specific terms provided in the form of the note. The debt issuance is governed by an indenture dated November 16, 1998, with The Bank of New York Mellon (NYSE: BK ) serving as trustee. The public offering was made through a prospectus dated February 13, 2024, and a prospectus supplement dated February 24, 2025, which are part of Marriott's Registration Statement on Form S-3.