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Restructuring and Other Special Charges, Net
3 Months Ended
Mar. 31, 2015
Restructuring and Related Activities [Abstract]  
Restructuring and Other Special Charges, Net

Note 11. Restructuring and Other Special Charges, Net

Restructuring and other special charges, net were $31 million and zero for the three months ended March 31, 2015 and 2014, respectively. These net charges are not recorded in our reportable segment earnings.

During the three months ended March 31, 2015, we recorded $8 million in restructuring costs associated with severance as a result of certain cost savings initiatives at our divisions and $23 million of other special charges. Other special charges primarily consist of a $7 million severance charge associated with the resignation of our prior President and Chief Executive Officer, the establishment of $6 million of reserves related to potential liabilities assumed in connection with the Le Méridien acquisition (see Note 19), and $6 million of costs primarily associated with professional fees for the planned spin-off of our vacation ownership business (see Note 20).

As of March 31, 2015, we had remaining restructuring accruals of $23 million, which included $8 million of severance costs that are recorded in accrued expenses, with the remaining balance recorded primarily in other liabilities. As of December 31, 2014, we had remaining restructuring accruals of $15 million, which were primarily recorded in other liabilities.