Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share Reconciliation [Abstract]

Computation Of Basic And Diluted EPS

The following table sets forth the computation of basic and diluted EPS (in millions, except per share data):

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2014			2013		2014			2013
Net income attributable to Wyndham shareholders	$	153		$	133	$	243		$	160
Basic weighted average shares outstanding	127			135		127			136
SSARs, RSUs and PSUs (a)(b)	1		(c)	1		2		(c)	1
Weighted average diluted shares outstanding	128			136		129			137
Earnings per share:
Basic	$	1.21		$	0.99	$	1.91		$	1.18
Diluted	1.20			0.98		1.89			1.17
Dividends:
Aggregate dividends paid to shareholders	$	45		$	39	$	93		$	80

^(a)  Includes unvested dilutive restricted stock units (“RSUs”) which are subject to future forfeitures.

^(b)  Excludes 681,000 performance vested restricted stock units ("PSUs") for both the three and six months ended June 30, 2014 and 834,000 for both the three and six months ended June 30, 2013, as the Company has not met the required performance metrics.

^(c)  Excludes 11,000 stock-settled stock appreciation rights ("SSARs") for both the three and six months ended June 30, 2014, as their inclusion would have been anti-dilutive to EPS.

Current Stock Repurchase Program

The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data):

	Shares	Cost		Average Price Per Share
As of December 31, 2013	62.7	$	2,410	$	38.44
For the six months ended June 30, 2014	4.4	320		72.45
As of June 30, 2014	67.1	$	2,730	40.68