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Consolidated Condensed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income $ 137 $ 212
Discontinued operations:    
Gain on dispositions, net (1) (70)
Depreciation and amortization 68 65
Amortization of deferred gains (21) (23)
(Gain) loss on asset dispositions and impairments, net 36 9
Stock-based compensation expense 13 13
Excess stock-based compensation tax benefit (6) (21)
Distributions in excess (deficit) of equity earnings (2) (4)
Deferred income tax (benefit) expense (37) 16
Other non-cash adjustments to net income 14 8
Decrease (increase) in restricted cash (15) 21
Other changes in working capital (77) (39)
Securitized VOI notes receivable activity, net 27 39
Unsecuritized VOI notes receivable activity, net (26) (41)
Accrued income taxes and other 39 27
Cash from operating activities 149 212
Investing Activities    
Purchases of plant, property and equipment (84) (83)
Proceeds from asset sales, net of transaction costs 205 61
Acquisitions, net of acquired cash (5) (15)
(Issuance) collection of notes receivable, net (1) 3
Other, net (2) 1
Cash (used for) from investing activities 113 (33)
Financing Activities    
Revolving credit facility and short term borrowings, net 2  
Increase in restricted cash   (19)
Long-term securitized debt repaid (28) (61)
Dividends paid (190) (2)
Proceeds from employee stock option exercises 10 38
Excess stock-based compensation tax benefit 6 21
Share repurchases   (48)
Other, net (20) (24)
Cash used for financing activities (220) (95)
Exchange rate effect on cash and cash equivalents (1) (2)
Increase in cash and cash equivalents 41 82
Cash and cash equivalents - beginning of period 616 305
Cash and cash equivalents - end of period 657 387
Cash paid (received) during the period for:    
Interest 3 (3)
Income taxes, net of refunds $ 19 $ 26