XML 127 R21.htm IDEA: XBRL DOCUMENT

Deferred Gains	12 Months Ended
Dec. 31, 2012
Deferred Gains	Note 12. Deferred Gains We defer gains realized in connection with the sale of a property for which we continue to manage through a long-term management agreement and recognize the gains over the initial term of the related agreement. As of December 31, 2012 and 2011, we had total deferred gains of $1.035 billion and $1.018 billion, respectively, included in accrued expenses and other liabilities in our consolidated balance sheets. Amortization of deferred gains is included in management fees, franchise fees and other income in our consolidated statements of income and totaled approximately $87 million, $87 million and $81 million in 2012, 2011 and 2010, respectively.

Deferred Gains

12 Months Ended

Dec. 31, 2012

Note 12. Deferred Gains

We defer gains realized in connection with the sale of a property for which we continue to manage through a long-term management agreement and recognize the gains over the initial term of the related agreement. As of December 31, 2012 and 2011, we had total deferred gains of $1.035 billion and $1.018 billion, respectively, included in accrued expenses and other liabilities in our consolidated balance sheets. Amortization of deferred gains is included in management fees, franchise fees and other income in our consolidated statements of income and totaled approximately $87 million, $87 million and $81 million in 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References+ Details