RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 28, 2012

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

Equity Method Investments

We have equity method investments in entities that own properties for which we provide management and/or franchise services and receive fees. In addition, in some cases we provide loans, preferred equity or guarantees to these entities. We generally own between 10 and 49 percent of these equity method investments. Undistributed earnings attributable to our equity method investments represented approximately $1 million of our consolidated retained earnings at year-end 2012.

The following tables present financial data resulting from transactions with these related parties:

Income Statement Data

($ in millions)	2012			2011			2010
Base management fees	$	26		$	37		$	35
Franchise fees	—			—			—
Incentive management fees	5			—			3
Cost reimbursements	315			383			328
Owned, leased, corporate housing, and other	3			8			4
Total revenue	$	349		$	428		$	370
General, administrative, and other	$	—		$	(5	)	$	(1	)
Reimbursed costs	(315		)	(383		)	(328		)
Gains and other income	43			4			6
Interest expense-capitalized	1			2			5
Interest income	3			3			3
Equity in losses	(13		)	(13		)	(18		)

Balance Sheet Data

($ in millions)	At Year-End 2012			At Year-End 2011
Current assets-accounts and notes receivable	$	18		$	12
Contract acquisition costs and other	21			28
Equity and cost method investments	195			234
Notes receivable	—			2
Deferred taxes, net asset	17			16
Other	20			13
Current liabilities:
Other	(2		)	(6		)
Other long-term liabilities	(2		)	(30		)

Summarized information for the entities in which we have equity method investments is as follows:

Income Statement Data

($ in millions)	2012			2011			2010
Sales	$	902		$	1,215		$	914
Net loss	$	(4	)	$	(58	)	$	(77	)

Balance Sheet Summary

($ in millions)	At Year-End 2012		At Year-End 2011
Assets (primarily comprised of hotel real estate managed by us)	$	1,486	$	3,159
Liabilities	$	1,245	$	2,532