SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 20, 2014

The following table details changes in shareholders’ equity during the twenty-four weeks ended June 20, 2014:


*($ in millions)*	Treasury Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Income		Retained Earnings		Total Equity
Balance at January 3, 2014	$	(26)		$	1,130	$	23	$	82	$	1,209
Net income		—			—		—		55		55
Amounts related to share-based compensation		—			1		—		—		1
Adjustment to reclassification of Marriott International investment to Additional paid-in capital⁽¹⁾		—			(2)		—		—		(2)
Repurchase of common stock		(89)			—		—		—		(89)

Balance at June 20, 2014	$	(115	)	$	1,129	$	23	$	137	$	1,174

⁽¹⁾	Consists of an adjustment to Deferred tax liabilities for changes in the valuation of Marriott Vacations Worldwide at the time of the Spin-Off.

The following table summarizes stock repurchase activity under our current stock repurchase program for the twenty-four weeks ended June 20, 2014:


*($ in millions, except per share amounts)*	Number of Shares Repurchased		Cost of Shares Repurchased		Average Price Paid per Share
As of January 3, 2014		505,023	$	26	$	50.76
For the twenty-four weeks ended June 20, 2014		1,670,201		89		53.56

As of June 20, 2014		2,175,224	$	115	$	52.91