Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011 is as follows (in millions):

	Americas Segment			EAME Segment			Asia Pacific Segment		Vacation Ownership and Residential Segment		Total
Balance at January 1, 2011	$	819		$	242		$	283	$	151	$	1,495
Acquisitions		-			26			-		-		26
Currency translation adjustment		-			(11	)		-		-		(11	)
Asset dispositions		(33	)		-			-		-		(33	)
Other		-			(1	)		-		-		(1	)
Balance at December 31, 2011	$	786		$	256		$	283	$	151	$	1,476
Balance at January 1, 2012	$	786		$	256		$	283	$	151	$	1,476
Acquisitions		-			6			-		-		6
Currency translation adjustment		-			3			-		-		3
Asset dispositions		(58	)		-			-		-		(58	)
Other		-			-			-		-		-
Balance at December 31, 2012	$	728		$	265		$	283	$	151	$	1,427

Intangible Assets

Intangible assets consisted of the following (in millions):

	December 31,
	2012			2011
Trademarks and trade names	$	314		$	313
Management and franchise agreements		456			412
Other		15			16
		785			741
Accumulated amortization		(187	)		(164	)
	$	598		$	577

Amortization Expense Relating to Intangible Assets with Finite Lives

Amortization expense relating to intangible assets with finite lives for each of the years ended December 31, is expected to be as follows (in millions):

2013	$	25
2014		25
2015		25
2016		24
2017		24