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Interim Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 07, 2012
Sep. 09, 2011
Sep. 07, 2012
Sep. 09, 2011
REVENUES        
Sale of vacation ownership products $ 146 $ 147 $ 425 $ 442
Resort management and other services 60 57 176 165
Financing 35 39 106 119
Rental 57 53 167 148
Other 7 5 21 20
Cost reimbursements 78 77 243 235
TOTAL REVENUES 383 378 1,138 1,129
EXPENSES        
Cost of vacation ownership products 42 61 141 177
Marketing and sales 80 81 232 235
Resort management and other services 48 47 141 138
Financing 5 6 18 19
Rental 58 55 158 149
Other 3 5 8 9
General and administrative 22 18 69 56
Interest 15 10 42 32
Royalty fee 14   41  
Impairment   324   324
Cost reimbursements 78 77 243 235
TOTAL EXPENSES 365 684 1,093 1,374
Impairment reversals on equity investment   4 2 4
INCOME (LOSS) BEFORE INCOME TAXES 18 (302) 47 (241)
(Provision) benefit for income taxes (12) 81 (24) 55
NET INCOME (LOSS) $ 6 [1] $ (221) $ 23 [1] $ (186)
Basic earnings (loss) per share $ 0.18 [1] $ (6.57) $ 0.68 [1] $ (5.52)
Shares used in computing basic earnings (loss) per share 34.4 [1] 33.7 34.2 [1] 33.7
Diluted earnings (loss) per share $ 0.17 [1] $ (6.57) $ 0.65 [1] $ (5.52)
Shares used in computing diluted earnings (loss) per share 36.2 [1] 33.7 36.0 [1] 33.7
[1] Approximately 84,433 shares of common stock issuable upon the vesting of certain performance-based awards were not included in the computations of diluted earnings (loss) per share for the third quarter of 2012 and for the thirty-six weeks ended September 7, 2012, because the performance conditions required for such shares to vest were not achieved by the end of the reporting period.