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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income $ 157 $ 142
Discontinued operations:    
(Gain) loss on dispositions, net 20 (36)
Depreciation and amortization 0 0
Depreciation and amortization 135 149
Amortization of deferred gains (42) (40)
Non-cash portion of restructuring and other special charges (credits), net 0 0
(Gain) loss on asset dispositions and impairments, net 31 (21)
Stock-based compensation expense 37 35
Excess stock-based compensation tax benefit (18) (6)
Distributions in excess (deficit) of equity earnings (3) 0
Non-cash portion of income tax (benefit) expense 4 5
Other non-cash adjustments to net income 19 2
Decrease (increase) in restricted cash (16) 0
Other changes in working capital (109) (160)
Securitized VOI notes receivable activity, net 57 45
Unsecuritized VOI notes receivable activity, net (66) (50)
Accrued and deferred income taxes and other (84) 28
Cash (used for) from operating activities 122 93
Investing Activities    
Purchases of plant, property and equipment (141) (70)
Proceeds from asset sales, net of transaction costs 291 76
(Issuance) collection of notes receivable, net 0 (1)
Acquisitions, net of acquired cash 0 (18)
Distributions (contributions) from (to) investments, net 2 (25)
Other, net (13) 12
Cash (used for) from investing activities 139 (26)
Financing Activities    
Revolving credit facility and short-term borrowings (repayments), net 0 17
Long-term debt repaid (4) (6)
Long-term securitized debt repaid (72) (63)
Dividends paid (3) (37)
Proceeds from employee stock option exercises 55 46
Excess stock-based compensation tax benefit 18 6
Other, net (29) (22)
Cash (used for) from financing activities (35) (59)
Exchange rate effect on cash and cash equivalents 20 (5)
(Decrease) increase in cash and cash equivalents 246 3
Cash and cash equivalents - beginning of period 753 87
Cash and cash equivalents - end of period 999 90
Cash paid (received) during the period for:    
Interest 103 148
Income taxes, net of refunds $ 67 $ 29