Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value of Derivative Instruments
(in millions)


	June 30,			December 31,
	2011			2010
	Balance Sheet	Fair		Balance Sheet	Fair
	Location	Value		Location	Value
Derivatives designated as hedging instruments
Asset Derivatives
Forward contracts	Prepaid and other current assets	$	—	Prepaid and other current assets	$	—
Interest rate swaps	Other assets		16	Other assets		16

Total assets		$	16		$	16


Liability Derivatives
Forward contracts	Accrued expenses	$	1	Accrued expenses	$	—

Total liabilities		$	1		$	—


	June 30,			December 31,
	2011			2010
	Balance Sheet	Fair		Balance Sheet	Fair
	Location	Value		Location	Value
Derivatives not designated as hedging instruments
Asset Derivatives
Forward contracts	Prepaid and other current assets	$	—	Prepaid and other current assets	$	—

Total assets		$	—		$	—


Liability Derivatives
Forward contracts	Accrued expenses	$	3	Accrued expenses	$	9

Total liabilities		$	3		$	9

Consolidated Statements of Income and Comprehensive Income
for the Three and Six Months Ended June 30, 2011 and 2010
(in millions)


Balance at March 31, 2011	$	2
Mark-to-market (gain) loss on forward exchange contracts		1
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income		(1	)

Balance at June 30, 2011	$	2


Balance at December 31, 2010	$	—
Mark-to-market (gain) loss on forward exchange contracts		3
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income		(1	)

Balance at June 30, 2011	$	2


Balance at March 31, 2010	$	(1	)
Mark-to-market (gain) loss on forward exchange contracts		—
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income		1

Balance at June 30, 2010	$	—


Balance at December 31, 2009	$	—
Mark-to-market (gain) loss on forward exchange contracts		(1	)
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income		1

Balance at June 30, 2010	$	—