Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Other Liabilities

Other liabilities consisted of the following (in millions):

	December 31,
	2012		2011
Deferred gains on asset sales	$	944	$	933
SPG point liability (a)		733		724
Deferred revenue including VOI and residential sales		33		17
Benefit plan liabilities		78		74
Insurance reserves		45		47
Other		123		176
	$	1,956	$	1,971

(a) Includes the actuarially determined liability related to the SPG program and the liability associated with the American Express transaction discussed below.