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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 28, 2012
Dec. 30, 2011
OPERATING ACTIVITIES      
Net income $ 626 $ 571 $ 198
Adjustments to reconcile to cash provided by operating activities:      
Depreciation and amortization 127 102 144
Income taxes 73 224 113
Timeshare activity, net 0 0 175
Timeshare strategy-impairment charges 0 0 324
Liability for guest loyalty program 99 60 78
Restructuring costs, net 0 0 (5)
Working capital changes and other 215 32 62
Net cash provided by operating activities 1,140 989 1,089
INVESTING ACTIVITIES      
Capital expenditures (404) (437) (183)
Dispositions 0 65 20
Loan advances (7) (17) (26)
Loan collections 77 155 110
Equity and cost method investments (16) (15) (83)
Contract acquisition costs (61) (253) (74)
Investment in debt security (65) 0 0
Other (43) (83) (11)
Net cash used in investing activities (519) (585) (247)
FINANCING ACTIVITIES      
Commercial paper/Credit Facility, net 311 184 325
Issuance of long-term debt 345 936 118
Repayment of long-term debt (407) (370) (264)
Issuance of Class A Common Stock 199 179 124
Dividends paid (196) (191) (134)
Purchase of treasury stock (834) (1,145) (1,425)
Other (1) (11) 11
Net cash used in financing activities (583) (418) (1,245)
INCREASE (DECREASE) IN CASH AND EQUIVALENTS 38 (14) (403)
CASH AND EQUIVALENTS, beginning of period 88 102 505
CASH AND EQUIVALENTS, end of period $ 126 $ 88 $ 102