Dispositions

6 Months Ended

Jun. 15, 2012

Dispositions

7. Dispositions

On March 23, 2012, we disposed of the San Francisco Airport Marriott for proceeds of approximately $108 million, plus $5 million for the FF&E replacement fund. We recorded a gain on the disposition of approximately $48 million. Additionally, during the second quarter of 2012, we reclassified the Rocky Hill Marriott as held-for-sale. The following table summarizes revenues, income (loss) before income taxes, and the gain on disposition of the hotel which have been included in discontinued operations for all periods presented (in millions):

	Quarter ended					Year-to-date ended
	June 15, 2012		June 17, 2011			June 15, 2012		June 17, 2011
Revenues	$	2	$	14		$	15	$	26
Income (loss) before income taxes		—		(2	)		2		(3	)
Gain on dispositions		—		—			48		—