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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 350 $ 250
Discontinued operations:    
(Gain) loss on dispositions, net (70) 8
Depreciation and amortization 130 125
Amortization of deferred gains (45) (43)
(Gain) loss on debt extinguishment, net (4) 15
Loss on asset dispositions and impairments, net 8 8
Stock-based compensation expense 27 34
Excess stock-based compensation tax benefit (22) (68)
Distributions in excess (deficit) of equity earnings (9) (8)
Non-cash portion of income tax expense 58 32
Other non-cash adjustments to net income 23 22
Decrease in restricted cash 26 7
Other changes in working capital 45 150
Securitized VOI notes receivable activity, net 72 69
Unsecuritized VOI notes receivable activity, net (72) (67)
Accrued and deferred income taxes and other 15 12
Cash (used for) from operating activities 532 546
Investing Activities    
Purchases of plant, property and equipment (141) (150)
Proceeds from asset sales, net of transaction costs 127 31
Collection of notes receivable, net 3 2
Acquisitions, net of acquired cash   (1)
Distributions from investments, net 1 1
Other, net (35) (11)
Cash (used for) from investing activities (45) (128)
Financing Activities    
(Increase) decrease in restricted cash (19) 49
Long-term debt repaid (1) (565)
Long-term securitized debt repaid (98) (83)
Long-term debt issued   9
Dividends paid (3) (4)
Proceeds from employee stock option exercises 59 39
Excess stock-based compensation tax benefit 22 68
Share repurchases (56) (61)
Other, net (25) (56)
Cash (used for) from financing activities (121) (604)
Exchange rate effect on cash and cash equivalents (9) 2
(Decrease) increase in cash and cash equivalents 357 (184)
Cash and cash equivalents - beginning of period 305 454
Cash and cash equivalents - end of period 662 270
Cash paid (received) during the period for:    
Interest 26 89
Income taxes, net of refunds $ 69 $ 52