BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Revenues

Revenues

($ in millions)	2014		2013		2012
North American Full-Service Segment	$	8,323	$	7,978	$	7,276
North American Limited-Service Segment	2,962		2,583		2,456
International Segment	2,255		1,957		1,794
Total segment revenues (1)	13,540		12,518		11,526
Other unallocated corporate	256		266		288
	$	13,796	$	12,784	$	11,814

⁽¹⁾  Revenues attributed to operations located outside the United States were $2,518 million in 2014, $2,149 million in 2013, and $1,912 million in 2012.

Net Income

Net Income

($ in millions)	2014			2013			2012
North American Full-Service Segment	$	524		$	490		$	442
North American Limited-Service Segment	574			479			472
International Segment	295			228			251
Total segment profits (1)	1,393			1,197			1,165
Other unallocated corporate	(220		)	(203		)	(196		)
Interest expense and interest income	(85		)	(97		)	(120		)
Income taxes	(335		)	(271		)	(278		)
	$	753		$	626		$	571

⁽¹⁾  Segment profits attributed to operations located outside the United States were $327 million in 2014, $269 million in 2013, and $283 million in 2012. The 2014 segment profits consisted of segment profits of $99 million from Asia Pacific, $95 million from Europe, $74 million from the Caribbean and Latin America, $32 million from Canada, and $27 million from the Middle East and Africa.

Depreciation and Amortization

Depreciation and Amortization

($ in millions)	2014		2013		2012
North American Full-Service Segment	$	52	$	57	$	46
North American Limited-Service Segment	22		21		16
International Segment	42		42		33
Total segment depreciation and amortization	116		120		95
Other unallocated corporate (1)	32		7		7
	$	148	$	127	$	102

⁽¹⁾  Includes a$25 million net impairment charge we recorded in 2014 on three EDITION hotels. See Footnote No. 3, “Acquisitions and Dispositions” for more information.

Goodwill

Goodwill

($ in millions)	North American Full-Service Segment		North American Limited-Service Segment			International Segment		Total Goodwill
Year-end 2012 balance:
Goodwill	$	392	$	125		$	411	$	928
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	411	$	874
Year-end 2013 balance:
Goodwill	$	392	$	125		$	411	$	928
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	411	$	874
Year-end 2014 balance:
Goodwill	$	392	$	125		$	431	$	948
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	431	$	894

Capital Expenditures

Capital Expenditures

($ in millions)	2014		2013		2012
North American Full-Service Segment	$	251	$	145	$	257
North American Limited-Service Segment	5		8		19
International Segment	87		93		96
Total segment capital expenditures	343		246		372
Other unallocated corporate	68		50		65
	$	411	$	296	$	437