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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
3 Months Ended 9 Months Ended
Sep. 09, 2011
Sep. 10, 2010
Sep. 09, 2011
Sep. 10, 2010
REVENUES        
Base management fees $ 136 $ 123 $ 419 $ 384
Franchise fees 124 109 347 305
Incentive management fees 29 21 121 107
Owned, leased, corporate housing, and other revenue 254 220 727 704
Timeshare sales and services 286 275 850 849
Cost reimbursements 2,045 1,900 6,160 5,700
Revenue 2,874 2,648 8,624 8,049
OPERATING COSTS AND EXPENSES        
Owned, leased, and corporate housing-direct 219 213 643 654
Timeshare-direct 250 219 720 693
Timeshare strategy-impairment charges 324 0 324 0
Reimbursed costs 2,045 1,900 6,160 5,700
General, administrative, and other 180 149 498 429
Costs and Expenses, Total 3,018 2,481 8,345 7,476
OPERATING (LOSS) INCOME (144) 167 279 573
(Losses) gains and other income (16) 3 (11) 7
Interest expense (39) (41) (117) (130)
Interest income 2 4 9 11
Equity in losses (2) (5) (6) (20)
(LOSS) INCOME BEFORE INCOME TAXES (199) 128 154 441
Benefit (provision) for income taxes 20 (45) (97) (156)
NET (LOSS) INCOME $ (179) $ 83 $ 57 $ 285
EARNINGS PER SHARE-Basic        
(Losses) earnings per share [in USD per share] $ (0.52) $ 0.23 $ 0.16 $ 0.79
EARNINGS PER SHARE-Diluted        
(Losses) earnings per share [in USD per share] $ (0.52) $ 0.22 $ 0.15 $ 0.76
CASH DIVIDENDS DECLARED PER SHARE [in USD per share] $ 0.1000 $ 0.0400 $ 0.2875 $ 0.1200