Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Contractual obligations outstanding

The Company had the following contractual obligations outstanding as of December 31, 2011 (in millions):

	Total		Due in Less Than 1  Year		Due in 1-3  Years		Due in 3-5  Years		Due After 5 Years
Unconditional purchase obligations (a)	$	174	$	66	$	93	$	15	$	—
Other long-term obligations		1		1		—		—		—
Total contractual obligations	$	175	$	67	$	93	$	15	$	—

(a) Included in these balances are commitments that may be reimbursed or satisfied by the Company’s managed and franchised properties.

Commercial commitments outstanding

The Company had the following commercial commitments outstanding as of December 31, 2011 (in millions):

			Amount of Commitment Expiration Per Period
	Total		Less Than 1 Year		1-3 Years		3-5 Years		After 5 Years
Standby letters of credit	$	171	$	168	$	—	$	—	$	3