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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Derivative Financial Instruments [Abstract]  
Fair Value of Derivative Instruments

Fair Value of Derivative Instruments

(in millions)

 

                         
   

December 31, 2011

   

December 31, 2010

 
   

Balance Sheet

Location

  Fair
Value
   

Balance Sheet

Location

  Fair
Value
 

Derivatives designated as hedging instruments

                       

Asset Derivatives

                       

Forward contracts

  Prepaid and other current assets   $ 3     Prepaid and other current assets   $  

Interest rate swaps

  Other assets     12     Other assets     16  
       

 

 

       

 

 

 

Total assets

      $ 15         $ 16  
       

 

 

       

 

 

 

 

                         
   

December 31, 2011

   

December 31, 2010

 
   

Balance Sheet

Location

  Fair
Value
   

Balance Sheet

Location

  Fair
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   $     Accrued expenses   $ 9  
       

 

 

       

 

 

 

Total liabilities

      $         $ 9  
       

 

 

       

 

 

 
Derivative instruments gain (loss) recognized in Other Comprehensive Income

Consolidated Statements of Income and Comprehensive Income

For the Years Ended December 31, 2011 and 2010

(in millions)

 

         

Balance at December 31, 2009

  $  

Mark-to-market loss (gain) on forward exchange contracts

    1  

Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income

    (1
   

 

 

 

Balance at December 31, 2010

  $  
   

 

 

 

Balance at December 31, 2010

  $  

Mark-to-market loss (gain) on forward exchange contracts

    (1

Reclassification of gain (loss) from OCI to management fees, franchise fees, and other income

    (2
   

 

 

 

Balance at December 31, 2011

  $ (3
   

 

 

 
Derivative instruments gain (loss) recognized in Income
                             

Derivatives Not Designated as Hedging

Instruments

 

Location of Gain or (Loss) Recognized

in Income on Derivative

  Amount of Gain or
(Loss) Recognized in
Income on Derivative
 
    Year Ended
December  31,
 
    2011     2010     2009  

Foreign forward exchange contracts

  Interest expense, net   $ 5     $ (45   $ (15
       

 

 

   

 

 

   

 

 

 

Total (loss) gain included in income

      $ 5     $ (45   $ (15