Business Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Business Segments

Business Segments

We are a diversified lodging company with operations in four business segments:

• North American Full-Service Lodging, which includes the Marriott Hotels & Resorts, Marriott Conference Centers, JW Marriott, Renaissance Hotels, Renaissance ClubSport, Gaylord Hotels and Autograph Collection properties located in the United States and Canada;

• North American Limited-Service Lodging, which includes the Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, and TownePlace Suites properties located in the United States and Canada, and, before its sale in the 2012 second quarter, our Marriott ExecuStay corporate housing business;

• International Lodging, which includes the Marriott Hotels & Resorts, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, AC Hotels by Marriott, Fairfield Inn & Suites, Residence Inn, and Marriott Executive Apartments properties located outside the United States and Canada; and

• Luxury Lodging, which includes The Ritz-Carlton, Bulgari Hotels & Resorts, and EDITION properties worldwide (together with residential properties associated with some The Ritz-Carlton hotels).

We evaluate the performance of our segments based largely on the results of the segment without allocating corporate expenses, income taxes, or indirect general, administrative, and other expenses. We allocate gains and losses, equity in earnings or losses from our joint ventures, and divisional general, administrative, and other expenses to each of our segments. “Other unallocated corporate” represents that portion of our revenues, general, administrative, and other expenses, equity in earnings or losses, and other gains or losses that we do not allocate to our segments. "Other unallocated corporate" includes license fees we receive from our credit card programs and license fees from MVW.

We aggregate the brands presented within our segments considering their similar economic characteristics, types of customers, distribution channels, the regulatory business environments and operations within each segment and our organizational and management reporting structure.

Revenues

($ in millions)	93 Days Ended March 31, 2013		84 Days Ended March 23, 2012
North American Full-Service Segment	$	1,662	$	1,301
North American Limited-Service Segment	612		532
International Segment	340		271
Luxury Segment	467		399
Total segment revenues	3,081		2,503
Other unallocated corporate	61		49
	$	3,142	$	2,552

Net Income

($ in millions)	93 Days Ended March 31, 2013			84 Days Ended March 23, 2012
North American Full-Service Segment	$	116		$	89
North American Limited-Service Segment	105			84
International Segment	35			35
Luxury Segment	33			21
Total segment financial results	289			229
Other unallocated corporate	(60		)	(53		)
Interest expense and interest income	(28		)	(29		)
Income taxes	(65		)	(43		)
	$	136		$	104

Assets

	At Period End
($ in millions)	March 31, 2013		December 28, 2012
North American Full-Service Segment	$	1,560	$	1,517
North American Limited-Service Segment	508		492
International Segment	1,077		1,056
Luxury Segment	1,248		1,174
Total segment assets	4,393		4,239
Other unallocated corporate	2,130		2,103
	$	6,523	$	6,342