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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 30, 2011
Dec. 31, 2010
Jan. 01, 2010
OPERATING ACTIVITIES      
Net income (loss) $ 198 $ 458 $ (353)
Adjustments to reconcile to cash provided by operating activities:      
Depreciation and amortization 168 178 185
Income taxes 113 (27) (167)
Timeshare activity, net 175 216 146
Timeshare strategy-impairment charges 324 0 752
Liability for guest loyalty program 78 86 103
Restructuring costs, net (5) (11) 16
Asset impairments and write-offs 47 131 80
Working capital changes and other (9) 120 106
Net cash provided by operating activities 1,089 1,151 868
INVESTING ACTIVITIES      
Capital expenditures (183) (307) (147)
Dispositions 20 114 2
Loan advances (26) (24) (65)
Loan collections and sales 110 18 20
Equity and cost method investments (83) (29) (28)
Contract acquisition costs (74) (56) (39)
Sale of available-for-sale securities 0 0 16
Partial surrender of life insurance policy cash value 0 0 97
Other (11) 20 75
Net cash used in investing activities (247) (264) (69)
FINANCING ACTIVITIES      
Commercial paper/credit facility, net 325 (425) (544)
Issuance of long-term debt 118 215 0
Repayment of long-term debt (264) (385) (238)
Issuance of Class A Common Stock 124 198 27
Dividends paid (134) (43) (63)
Purchase of treasury stock (1,425) (57) 0
Other 11 0 0
Net cash used in financing activities (1,245) (497) (818)
(DECREASE) INCREASE IN CASH AND EQUIVALENTS (403) 390 (19)
CASH AND EQUIVALENTS, beginning of period 505 115 134
CASH AND EQUIVALENTS, end of period $ 102 $ 505 $ 115